diff --git "a/reddit_finance_43_250k_256.txt" "b/reddit_finance_43_250k_256.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_256.txt" @@ -0,0 +1,10000 @@ +Over the last two years the software-maker has shelled out $3.97 billion as it amassed nearly 130,000 Bitcoins. The firm’s average purchase price for those tokens has steadily risen with each additional purchase since 2020 and sits at $30,700 as of March 31, according to its latest quarterly filing with the US Securities and Exchange Commission. + +READ: Crypto Debacle at Celsius Rattles Market Already Shaken by Terra + +With Bitcoin plunging by as much as 17% to $22,603 on Monday after crypto lender Celsius Network Ltd. paused withdrawals, swaps and transfers on its platform, MicroStrategy’s holdings are now worth just over $3 billion. That puts the company’s Bitcoin related losses at nearly $1 billion. + +MicroStrategy plunged 25% to $152.15 on Monday as part of broader route by cryptocurrency-exposed stocks. Shares of company have become highly correlated with Bitcoin since Saylor started adding the digital currency to its balance sheet in August 2020 as a hedge against inflation instead of holding cash in the corporate treasury. + +The Tysons Corner, Virginia-based company was worth $1.2 billion on Aug. 10, 2020, the day before it announced its foray into crypto. Saylor appeared to be unfazed with the latest Bitcoin drop, sending tweets over Twitter that seemed to signify his confidence in the strategy. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, last week was everything I could have hoped for. Between a fantastic earnings report, incredibly strong DRS numbers, the shareholder meeting, ballooning borrow rates, and FUD on a scale not seen before, we are clearly on the right path. The board now has a shareholder mandate to split the stock, but has indicated that they will do so when the opportunity is right. This is a great way to approach it. The pressure on the shorts builds each day, and we've seen evidence that their struggle gets more desperate each day. As the fire builds below them, the GameStop board is standing by with a can of rocket fuel, ready to toss it in. + +As we continue to closely watch borrow rates climb and upvote DRS posts, let's take a moment to appreciate this global community that unites around this company. Our Diamantenhände make this all possible. + +Today is Monday, June 6th, 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: **$134.87 / 125,69 €** *(volume: 1187)* +- 🟥 115 minutes in: $134.82 / 125,65 € *(volume: 1143)* +- 🟩 110 minutes in: $134.84 / 125,66 € *(volume: 1143)* +- 🟩 105 minutes in: $134.77 / 125,60 € *(volume: 1141)* +- 🟩 100 minutes in: $134.72 / 125,56 € *(volume: 1140)* +- 🟩 95 minutes in: $134.63 / 125,47 € *(volume: 1019)* +- 🟥 90 minutes in: $134.59 / 125,44 € *(volume: 989)* +- 🟩 85 minutes in: $134.77 / 125,60 € *(volume: 964)* +- 🟩 80 minutes in: $134.73 / 125,56 € *(volume: 964)* +- 🟥 75 minutes in: $134.58 / 125,42 € *(volume: 964)* +- 🟩 70 minutes in: $135.03 / 125,84 € *(volume: 963)* +- 🟩 65 minutes in: $134.76 / 125,59 € *(volume: 960)* +- 🟩 60 minutes in: $134.61 / 125,45 € *(volume: 944)* +- 🟥 55 minutes in: $134.55 / 125,40 € *(volume: 939)* +- 🟥 50 minutes in: $134.56 / 125,41 € *(volume: 913)* +- 🟩 45 minutes in: $134.59 / 125,44 € *(volume: 912)* +- 🟩 40 minutes in: $134.27 / 125,13 € *(volume: 530)* +- 🟥 35 minutes in: $134.26 / 125,12 € *(volume: 530)* +- 🟥 30 minutes in: $134.32 / 125,18 € *(volume: 510)* +- 🟩 25 minutes in: $134.32 / 125,19 € *(volume: 510)* +- ⬜ 20 minutes in: $134.21 / 125,08 € *(volume: 302)* +- 🟥 15 minutes in: $134.21 / 125,08 € *(volume: 302)* +- 🟥 10 minutes in: $134.47 / 125,33 € *(volume: 100)* +- 🟩 5 minutes in: $134.49 / 125,34 € *(volume: 97)* +- 🟩 0 minutes in: $134.48 / 125,34 € *(volume: 97)* +- 🟥 US close price: $133.70 / 124,60 € *($134.17 / 125,04 € 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 1.073. 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! +So I went into Guitar Center and saw an amazing guitar that I’ve always wanted. A salesman came up to me and told me that they had a sales promotion from Black Friday which would allow me to finance the guitar for 48 months with 0% APR. I told him that I would need to think about it, so I went home and decided later that day that it was a pretty good deal on the guitar. + +So I went back into the guitar center later that night and told the sales person that I would like to go ahead with that deal. + +I asked him if he could please check with his manager to make sure that that particular instrument was eligible for the 48 months 0% APR financing. + +He went and walked away, then came back a few minutes later and assured me that Guitar would be eligible for these specific terms. + +He told me while he completed the bill of sale that I should fill out the credit application. This is a credit card through synchrony. + +After filling out the credit application and him running my credit score and pulling out the line of credit in my name, his manager came over to verify the information put on the invoice for the bill of sale. This is when things take a turn for the worse. + +After the line of credit had been approved and taken out in my name, the manager informed me that the guitar was in fact not eligible for the sales promotion because it was a used instrument. + +The reason I decided that I could buy the guitar was based upon my understanding of the Sales promotion. After having signed up for the credit card they told me the deal I signed up for wasn’t possible because the guitar I was interested in didn’t actually qualify. + +The sales associate made a mistake and didn’t realize the guitar I wanted wasn’t able to be sold under that specific 48 month 0% Apr financing term and rather only a 6 month term instead. + +I don’t know if I want the guitar now, but the credit has already been taken out in my name. + +What can I do? I tried talking to the manager, He has no solutions for me. +I tried contacting Guitar Center’s corporate office, but of course they won’t answer. + +Will my credit be even more affected if I cancel the line of credit? + + +EDIT: Thanks everyone for taking time to respond. Lots of really good tips and insight that I wasn’t aware of. + +I am a composer, so this purchase is semi-work semi pleasure. I can buy it cash, but my original thoughts in financing it were;“oh wow that’s a good sales promotion, I could make small payments for a while then just pay it off completely to build my credit score more“ + +Is this not a good way to think? +**Edit:** This post got a ton of publicity and in the interest of protecting the privacy of everyone involved I'm taking down the OP text as it contained quite a few personal details, but I'm leaving the post up because these responses are absolutely amazing and I believe this information should be public knowledge. I hope this is okay with the mods. +We often gamify goals and targets in our family... like if we hit a new financial goal ($**X**MM in an Asset Class, Non-Value Spending reduction), we get to spend a certain amount of money on things normally outside of our framework. With that said, our usual bet is a $10-20K do whatever the f#$% you want with, with no response or feedback from the other. + +While things like nice watches and jewelry sometimes come into the picture, I was think of how to make a lifestyle aligned purchase (Outdoor Activity Related, Tech, Trip, etc...) and wanted to reach out to this group to see if you wanted to improve your time here, and had a random 10-20K to spend on it where would you spend it? The shine of showy items has definitely worn off for me and my wife, and really want to focus on enjoying now. + +Open to General and Specific Suggestions. For specific stuff, we live in a warm area near the Ocean. It can be multiple small things as well, anything helps. + +Edit: Thank you all for the thoughtful input here. I have a lot of great ideas for the hopper. Appreciate the effort and input on this post! +Sold my primary residence and now have a portfolio and accounts worth nearly $1.2 million. I kept my expenses down and it accumulated much quicker than I expected. I should have retired much earlier, but I'm a young 50 so it's all good. +# It feels like just yesterday (and also 84 years ago) that we discovered the [NFT.Gamestop.com](https://nft.gamestop.com/) URL! + +# It was actually May 25th, 2021. Since then, we've been speculating about the possibilities. + +[May 25, 2021](https://preview.redd.it/kunqc5f3cs691.png?width=600&format=png&auto=webp&s=26fd7b8cf5aaa4491cef075bc150883946d8d8bc) + +[we played the game, high score 42069](https://preview.redd.it/acjsq1h7cs691.png?width=614&format=png&auto=webp&s=4331ba64d1358745eebfc8902ea7de13eef853f1) + +[we looked for easter eggs](https://preview.redd.it/yjbnw1s9cs691.png?width=540&format=png&auto=webp&s=d968c940abe785b9c0c23056beb2e427d396cdcf) + +[we dove in](https://preview.redd.it/og652loccs691.png?width=610&format=png&auto=webp&s=57b0c2e954f739df63c2f84719335c80d6c8e33a) + +[we deep dove](https://preview.redd.it/3py8mvdecs691.png?width=523&format=png&auto=webp&s=fba59bc9bc0885b03a6c5d72c8ca1e0adde16eba) + +[we connected it to Loopring through image searches😂](https://preview.redd.it/a81tb27ics691.png?width=597&format=png&auto=webp&s=734c79e15c89de954ed745ffa32fb4bca519bec4) + +[we defended it from becoming NFT.Gamestop.cum](https://preview.redd.it/6xiwdidlcs691.png?width=614&format=png&auto=webp&s=945adf0db61cdb431a2072c020ff8318a690460c) + +Now that the Launch date is TRULY SOON™, We want to know if the community would want to have Launch Creator posts in here (posts from Marketplace Creators explaining their projects). + +We're in a weird place because we have a 'no self-monetization/promotion' rule, and a post in here could benefit the Launch Creator. + +That would, however, also benefit Gamestop, and give us an inside look into the Marketplace. + +If Superstonk wants to have 'Marketplace Creator' posts, we would have guidelines for these posts, and would use a 'Marketplace Creator' flair. The creator would have to be verified by mods, and we were thinking we could have a bot leave a sticky on "Marketplace Creator" posts with some questions from the community, to make them almost like little informal AMAs. Of course anyone could add their own questions any time, too. We have discussed having creators reach out and we could schedule the posts, if that's what the community wanted. + +[they would have a separate flair, something like this](https://preview.redd.it/bq59vgx7gs691.png?width=154&format=png&auto=webp&s=07989809a2db3facf473e6a92485a2668cca009f) + +THE FLAIR WOULD BE A MOD ONLY FLAIR - WHICH MEANS IT CAN ONLY BE APPLIED AFTER BEING VERIFIED BY MODS + +These are just ideas, nothing is in stone, and we are super open to suggestions. You can comment here or reach out in modmail with any suggestions. + +If the community doesn't want something like this, there may be another sub to welcome posts like this. + +We're all growing here on Superstonk together, making it what it is💜. + +# So we ask you, Superstonk, is this something you want? YES or NO? + +[View Poll](https://www.reddit.com/poll/vgmyzj) +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 made $9,000 2020/2021 financial year. + +But I am sitting on -19,000 on my account. + +If I dump these minus stocks before I apply for a tax return, do I need to still pay tax? +**Background** + +Globalstar, Inc. is an American satellite communications company that operates a low Earth orbit satellite constellation for satellite phone and low-speed data communications. Meaning they do location services (GPS), data transmission (cellular), and sensor data (bluetooth low energy). Globalstar is partnered with Jeep and They have recently obtained and solely own some 5G spectrum, Band n53, for use with utilities. That last part is key. + +&#x200B; + +**Timeline** + +\*This DD/research is from the perspective of someone very familiar with the telecomm and connectivity industry. \* + +***May 1st*** \- Executive Order issued from White House and Trump Administration to ban use of technology and components from potential foreign adversaries (China, Russia, etc.) that involve our power grid and utilities in the hope to prevent cyber attacks. Device manufacturers will now look to leverage USA and friendly nation based technologies and components which means a boost for companies like Globalstar. + +**May 1st+** \- News starts to spread through the electronics and connectivity industry about the executive order. Many people see the trend and precedent established by this order and are switching their technologies even if they are not involved with utilities. + +***May 18th*** \- Directors and Executives see the writing on the wall and load up on 200k+ shares. + +***June 3rd -*** Globalstar rushes to announce their ST-100 chip which provides Cellular data, GPS, and Bluetooth, so they can capitalize on the market shift. Has FCC and IC certifications (USA and Canada). J + +***June 17th -*** Globalstar and Nokia publicly announce and demonstrate LTE Band n53 (part of the 5G spectrum) at Technology Conference with focus on utilities. + +***June 23rd to 28th -*** Globalstar goes on a hiring spree to design new modem(s) to capitalize on market shift and 5G spectrum. RF Front End Design Engineer, Firmware Engineer, Software Development Engineer. + +**July 7th - Earnings to be announced. This is based on previous quarter earnings being announced on May 7th.** + +**Financial** + +Multiple Form-4s filed on- June 4th + +Director - Keith Cowan, picked up 50k shares at $0.3078 and owns 248,908 total shares + +VP of Finance - Tim Taylor, picked up 50k shares at $0.3078 and owns 1,508,112 total shares + +Director - Benjamin Wolff picked up 50k shares at $0.3078 and owns 299,917 total shares + +Director - William Hasler, picked up 50k shares at $0.3078 and owns 483,908 total shares + +\*Upcoming Q2 Earnings Report around July 7th. Previous quarter earnings looked solid and hoping to have the same or better in Q2. Other tidbits - Partnership with Jeep to have co-branded products to serve the rugged vehicle market. New influx of customers to track shipments during COVID-19 outbreak.\* + +**Sources** + +SEC Filings - [https://investors.globalstar.com/financial-information/sec-filings](https://investors.globalstar.com/financial-information/sec-filings) + +Globalstar - [https://investors.globalstar.com/](https://investors.globalstar.com/) + +Spot (subsidiary partnered with Jeep) - [https://www.findmespot.com/en-us/](https://www.findmespot.com/en-us/) + +Whitehouse Executive Order - [https://www.whitehouse.gov/presidential-actions/executive-order-securing-united-states-bulk-powe](https://www.whitehouse.gov/presidential-actions/executive-order-securing-united-states-bulk-powe) r-system/ + +WSJ Exec Order - [https://www.wsj.com/articles/u-s-moves-to-block-imports-of-some-power-equipment-11588346518](https://www.wsj.com/articles/u-s-moves-to-block-imports-of-some-power-equipment-11588346518) + +Band 53 LTE Approval (Utilities) - [https://investors.globalstar.com/news-releases/news-release-details/globalstar-and-nokia-demonst](https://investors.globalstar.com/news-releases/news-release-details/globalstar-and-nokia-demonst) rate-band-53-private-lte-solution + +Jobs Posted on LinkedIn - [https://www.linkedin.com/company/globalstar/jobs/](https://www.linkedin.com/company/globalstar/jobs/) + +Most recent jobs posted on LinkedIn - [https://www.linkedin.com/jobs/search/f\_C=8763&f\_TPR=r604800&locationId=OTHERS.worldwide](https://www.linkedin.com/jobs/search/f_C=8763&f_TPR=r604800&locationId=OTHERS.worldwide) + +Partnership with Jeep - [https://investors.globalstar.com/news-releases/news-release-details/spot-announces-new-licensing](https://investors.globalstar.com/news-releases/news-release-details/spot-announces-new-licensing) \-partnership-jeepr-brand + +Products with Jeep - [https://investors.globalstar.com/news-releases/news-release-details/spot-introduces-new-spot-x-je](https://investors.globalstar.com/news-releases/news-release-details/spot-introduces-new-spot-x-je) epr-edition-2-way-satellite + +**Summary** + +Globalstar is a USA based company that provides asset tracking, cellular data and voice, and more via it’s own satellite system. These are critical in commercial markets such as transportation, construction, and utilities where items are very expensive or communication is critical, but hard to access. There is an Executive Order from the White House to remove all foreign adversary telecom equipment from our utilities and power grid due to risk of cyber attacks. This puts Globalstar in a great position as they recently pushed out their new ST-100 product AND bought 5G spectrum (band n53) to be used in utilities applications (which they showed off at a conference this month with Nokia. They are partnered with Jeep and have an upcoming earnings report for Q2. Insiders own 64% of shares and have been loading up according to SEC filings. The future seems very bright for this one and I’m hoping we caught it early. Possible medium term play too if you want hold. + +EDITED: Fixed the formatting on all the sources. +Ex wife claimed my 3 children on her taxes. All 3 lived 100% in my home last year. Is there anything I can do? We live in Louisiana. + +when we divorced 3 years ago. we agreed to share custody. But they wanted to live with me and see her every other weekend. + +Boeing 737 ($BA) runs over and kills a ~~brown~~ gay bear while landing in Alaska after animal strayed onto runway. + +[^(https://www.dailymail.co.uk/news/article-8952973/Boeing-737-runs-kills-brown-bear-landing-Alaska-animal-strayed-runway.html)](https://www.dailymail.co.uk/news/article-8952973/Boeing-737-runs-kills-brown-bear-landing-Alaska-animal-strayed-runway.html) + + An Alaska Airlines jetliner struck the animal while landing early on Saturday evening at Yakutat Airport in southeast Alaska. + + The Boeing 737-700 killed the female brown bear, but a cub thought to be about 2 years old was uninjured. + [...] + Planes previously have been reported to hit deer, geese, caribou and other animals in Alaska, but this is the first time Mr Dapcevich was aware of a bear being struck. + [...] + +If this isn't some astronomical mumbo jumbo then I don't know. Bears are quite literally fucked, better jump onto the hype train. BA $350 by year end. + +^(Now that I have the attention of the mod team, I demand a flair. Plane Explosion Bear, please.) +Boeing 737 ($BA) runs over and kills a ~~brown~~ gay bear while landing in Alaska after animal strayed onto runway. + +[^(https://www.dailymail.co.uk/news/article-8952973/Boeing-737-runs-kills-brown-bear-landing-Alaska-animal-strayed-runway.html)](https://www.dailymail.co.uk/news/article-8952973/Boeing-737-runs-kills-brown-bear-landing-Alaska-animal-strayed-runway.html) + + An Alaska Airlines jetliner struck the animal while landing early on Saturday evening at Yakutat Airport in southeast Alaska. + + The Boeing 737-700 killed the female brown bear, but a cub thought to be about 2 years old was uninjured. + [...] + Planes previously have been reported to hit deer, geese, caribou and other animals in Alaska, but this is the first time Mr Dapcevich was aware of a bear being struck. + [...] + +If this isn't some astronomical mumbo jumbo then I don't know. Bears are quite literally fucked, better jump onto the hype train. BA $350 by year end. + +^(Now that I have the attention of the mod team, I demand a flair. Plane Explosion Bear, please.) +Hi all, + +Trying to make an offer on a house and the REA told us that the other offer is higher but won’t disclose how much the offer is. Is this normal? + +Another friend of ours who is a REA said to ask how much more the other offer is (which I did) so I’m not sure if this is routine or just one REA trying to get a higher price. + +Edit: Thanks for all the advice. It’s good/disappointing to know that this is normal and we’re not just being manipulated because we don’t know better. We may end up making a higher offer but it’s just a house at the end of the day. Cheers +What would that look like and who would someone contact to have safeguards in place. Anyone ever heard of something like that existing. To see a kid squander 40 years of work in 6 months sure would be a disappointment + + +[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!* +Hi everyone, + +####**Edit: I've now put up more info and details on my website here: [compiledsanity.github.io](https://compiledsanity.github.io)** + +Yesterday I posted a Networth tracker that really took off. Didn't expect that! At the time it was Australian based, so I've just converted it over to be UK based for you all. Apologies for the second repost, I thought I'd post again so people wouldn't miss it. Enjoy! + +**[Link to updated UK Version here.](https://docs.google.com/spreadsheets/d/1v9ENzdoSIVlfAA2SFVFz6KKVAAu5Knv8klde7bN2Qqo/edit?usp=sharing)** + +----- +Hey everyone, + +I'm a big believer in community resources and a massive Google Sheets fan, so after a year of work and using it on my own finances I'm releasing my automated Google Sheet to track your entire Networth and Financial situation live and month to month. + +I religiously devour Personal Finance content from all manner of places, and I tried to build all the lessons and rules I've learned into the sheet. I've been using it for around a year now and posted it in a few smaller finance subs where it's been well received by a number of people. + +**Some of the features of the Sheet:** + +- Captures all parts of your financial position (Cash, Stocks, ETF’s, Dividends, Super etc.) + +- Live ETF/Dividend/Crypto prices for live insight into your portfolio + +- The cool stuff: Automatically optimizes when & what ETF’s to buy + +- Automatically copies your entire financial position when you save your monthly progress. This is great for watching your Networth grow giving you a sense of progression month-to-month. + +- Tracks and gives you feedback on your Savings habits and monthly spend. + +- Cash Savings Targets, I've also added in a House Deposit tracker. + +- Automatic budget that feeds into your ETF purchases & automates your monthly bank transfers. + +- Keeps track of all returns from Stocks/Dividends helping you see what’s working + +- Investment return breakdowns per-parcel and on a holistic level. + +- And a whole bunch of other features, give the sheet a look to see. + +Essentially this sheet only requires you to update a few values each month and will automatically keep track of the rest through a variety of formulas and scripts that run behind the scenes. Feel free to edit them yourself in Tools -> Script Editor. I’ve used this sheet myself for quite a while and it's great to see how I'm saving. As I earn in AUD the Sheet is in AUD, so feel free to find/replace $ for £. + +**[Link to the Sheet here](https://docs.google.com/spreadsheets/d/1v9ENzdoSIVlfAA2SFVFz6KKVAAu5Knv8klde7bN2Qqo/edit?usp=sharing)** + +If you have any feedback please let me know! I'd love to make it better for people. +🤳Influencer followers: TikTok 5.7M, YouTube 400k, Twitter 300k, Instagram 500k🤳 + +Come and Join the telegram (1,4k). +💬 Telegram: https://t.me/sheeshtokenchat + +$SHEESH Token was originally created as a joke by a known tiktok influencer (DYOR) +To his surprise the token caught traction quickly and sits at around 4500 Holders atm. The influencer and his team have worked their asses in the last couple of days and have a built an incredible foundation. He's very transparent about the project and its plans and is on Discord like all the time to keep us updated. + +The dev is a big influencer, and we all know he's not going to risk his reputation and career to scam some HODLERS. He is very well-connected and has huge marketing plans and is currently working on several collaborations with different influencers. + +He has been working with social media analytics for the past 6 years and knows how to push a project like this! Furthermore, he has concrete plans how to use the Token in the social media and gaming world, that he will share with us soon (TM) -> Real Use Case + +But don't believe me! DYOR🧑‍🔬! Come to our Discord and see yourself. Check out the links below and check the legitimacy yourself! But be quick! + + + +🎯 Public DEV with millions of followers (TikTok, Twitter and YouTube) and expertise in social media analytics + +🎯 5M Market Cap + +🎯 4500 Holders + +🎯 Liquidity locked: +https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958 + +🎯 Submitted for Coingecko and Coinmarketcap + +🎯 Website and Roadmap live + +🎯 Huge Marketing plans with more influencers coming. + +🎯 Real use case - This is not your average animal shit token +​ + +HOW TO BUY + +Never follow any pancake links of random Redditors! Go on the website https://sheeshtoken.com/and follow their official links there! There is also a quick guide on how to buy. + +LINKS: + +📜 Contract: https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +🕊️ Token Twitter: +https://twitter.com/SheeshToken + +💻 Token Website: +https://www.sheeshtoken.com/ + +🏁 Roadmap: +https://i.imgur.com/Rm0bTIs.png + +🧻White paper: https://sheeshtoken.com/sheesh.pdf + +💹 Bogged chart +https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C + +💩 Poocoin Chart: https://poocoin.app/tokens/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +🔒Liquidity locked: +https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958 + +💬 Telegram: +https://t.me/sheeshtokenchat + +🚋 Subreddit: https://www.reddit.com/r/SheeshToken/ + +👾 Discord: +https://discord.gg/zshnmRJZ + + +I feel super confident with this project and I hope you like it too. What convinced me to buy was low market cap and that he has a shitload of followers on Twitter, TikTok and YouTube. They might not be the hardcore crypto guys, but I think it's an amazing opportunity for them to get into the field with the help of a guy they know and trust. +No matter how secure you think your btc is, it could be obtained by a $5 wrench. + +Its only as secure as your pain tolerance. + +Just say “not enough” if asked. + + +tl;dr Through a series of fortunate events, I hit $100k at the age of 28 on a modest salary, SINK. + +I've always been decent with saving money, I attribute a lot of that to my parents. I didn't realize how frugal they were until I started making my own money. + +I graduated in 2014, with a degree in mechanical engineering and not a clue what I was going to do with it. Fortunate break #1: I was able to graduate debt free thanks to my parents and somehow didn't come out an entitled twat. + +&nbsp; + +**August 2014 - NW: $2.7k** + +I started working at a consulting firm with a salary of $52k with overtime available. This is in a LCOL area which explains the average salary. Fortunate break #2: I was able to "house sit" a friends house who had relocated. I was living rent free and only paying for my internet. At the time I really didn't know much about personal finance, I just kept shoveling money into my savings account. I was a bit loose with my spending and ended up just shy of $25k after the first year of work. + +&nbsp; + +**August 2015 - NW: $24.7k** + +I still had some wanderlust in me from college and left the company on a good note. I headed west to a very HCOL area give the big city life a try. I struggled to find work within my degree but stayed afloat with an interesting job none-the-less. I wasn't getting paid as much and participating in a hell of a lot more "experiences" than before. Ultimately it was a learning experience and a very fun hiatus. + +&nbsp; + +**August 2016 - NW: $18.4k** + +Fortunate break #3: I get a call from my old boss, he's got a new position with my name on it. After some pro's and con's lists I take him up on the offer for $56k. + +Fortunate break #4: Friends house was still on the market, more "house sitting" and free living for me. This is when I took a deep dive into personal finance and discovered this sub. I started contributing a little to my 401k. + +&nbsp; + +**January 2017 - NW: $21.8k** + +I made it a goal to really take advantage of my situation and over the course of the year I was able to max my 401k, open and max my Roth IRA as well as my HSA all on a $58k salary. This obviously wasn't sustainable but I'm proud I did it. + +The guilt finally started to hit from living the moocher lifestyle though. I started house hunting mid year as it was honestly a wash between a mortgage and rent. In December I finally found my "dream house" for $120k. Dealing with all the shit in the Midwest does have its perks. + +&nbsp; + +**January 2018 - NW: $47.4k** + +I had to dial my 401k contributions back since I had a mortgage to pay for as well as all the other new fun expenses that come with an old home. I was still keeping a decently tight budget and still saved a good chunk of change and finally started to see noticeable gains/losses (thanks December) that weren't contributions. + +&nbsp; + +**January 2019 - NW: $73.7k** + +Same old same old, salary at $62k, cut back 401k contributions a bit more as I plan on replacing my 15 year old vehicle within the next couple years and would like to beef up my Efund a bit before that. + +&nbsp; + +**June 2019 - NW: $101.3k** + +[The pretty chart everyone likes to see.](https://imgur.com/Fkaf7XK) + +Thanks to a solid market and a bonus, I hit my first major milestone. Some notes on my finances: + +* I include my equity in my net worth since I track the mortgage as well. NW = (Liquid + Retirement + Hard) - (Liabilities) + +* The hard asset is just what I bought the house for. I don't track the appraisal value month to month so obviously my net worth could be more or less. + +* I hold 100% equity across the board, all US total stock that tracks the S&P. I like to think I'll be level headed with a massive drop in the market, I guess we'll just have to see. I plan on adding in bonds in my early 30's. + +* I realize my salary isn't growing wildly but I get decent bonuses and started picking up some overtime to bump it up. + +* I currently track all my finances manually with excel. I enjoy entering the numbers at the end of each month and I don't trust Mint or any other free tracking software. + +* Looking at the graph, I would probably be closer to $150k if I hadn't moved for a year and spun my tires. I don't regret this regardless. + +Personal stuff: My major hobby expenses are video games, although I'm hoping to not spend as much on my next computer upgrade. I don't plan on having kids, I'll leave that to my brother and just be the cool uncle. No idea when I want to retire, before 55 is the current goal. Next big target will be $250k, hopefully I'll get there in the next 3 years! + +I definitely wouldn’t be here without the help of a lot of people and these subreddits. There was a thread earlier that mentioned how privileged a lot of us are here, and I realize I’m in that boat as well. Thanks all for reading, feel free to ask any questions. + +**Edit:** I track everything in google spreadsheets, used excel to create the chart as spreadsheets was a bit lacking in that department. + +**Edit 2:** [My spreadsheet for those that asked.](https://docs.google.com/spreadsheets/d/1mZgCQmZfG26afAI1nHOp32OdhN48KX1O2kKBPDz3wME/edit?usp=sharing) I cleaned up the values. I only enter data for the row titles highlighted in light blue. The rest is calculated. I'm pretty sure I pulled the basis of this spreadsheet from someone here a couple years ago. Getting the chart to work is a bit weird since I opted to enter the data in reverse. Also I made the chart in the post on Excel in order to place the data points. Should be able to create a similar one in spreadsheets though. +Can some explain why? Genuinely? Our prices are insane compared to US cities where the average income is the SAME as ours. + +Why is debt servicing and spastic home values part of our national psyche? +The sale didn't come close to their expectations. Every warehouse I've heard from was overstaffed over the sale period, shipping volume not much more than usual. I work at one of their warehouses and every department had overtime for the past month, but suddenly there is no more overtime and they are now asking people to take time off, even during the last day of their "biggest sale ever".. + +TL;DR: Short Amazon. +The wife and I have $2 million in retirement funds, mainly from 401ks which now the money sits in IRAs. About $300k of that money was already taxed before going in. We are both 50. I have a son that has one year of high school left. I pretty much have enough in his college fund to pay for his undergrad. Can I retire in 5 years if I pay my house off by then? I know there a lots of variables. Putting health insurance aside. Thoughts? +Big 5 Bank Brokerages: TD DI, RBC DI, Scotia iTrade, BMO IL, CIBC IE. + + +Platforms such as Questrade, Wealthsimple, QTrade, and Interactive Brokers are often recommended on this subreddit and PFC. Big 5 bank brokerages are usually criticized due to their relatively higher commissions/fees. + + +However, Big 5 bank brokerages have pros that may be important to some people. Here are a few: + + +Platform wise: 1) They provide the convenience of instant transfers, 2) some have great advanced features (e.g. TD Think or Swim), 3) their platforms can be relatively more robust. + + +Fees wise: 1) You can get promos of free or commission-free trades, 2) some have student discounts, 3) some have commission-free ETFs, 4) account maintenance fees can be waived (requirement varies). + + +If you are in the market for an investment platform, IMO, big 5 bank brokerages should be considered as well. + + +Thoughts? +Guten Tag to this global band of Apes! 👋🦍 + +It is never boring to be a GME shareholder. Sometimes it seems like everything in the world is related to the GME short squeeze, or at least should be. Alas, not everything is. There are some people (perhaps some who are Apes themselves) who know this fact and manipulate it to their advantage. But, honestly, we also do it to ourselves. I'd like to take this opportunity to remind Apes to retain a clear perspective on what truly matters in the GME short squeeze, as placing too much hope in the barest MOASS threads is going to exhaust the resolve that some Apes are going to need to rely on between now and the MOASS. + +Please consider these key points: + + * GME is a great company, with fantastic leaders setting a strong course for the future of the company + * It is not necessarily in the best interest of GameStop as a company to trigger the MOASS as soon as possible + * GameStop leadership has not signalled any intention to issue a dividend, NFT or otherwise + * Supporting GameStop as a customer strengthens the company's position moving forward + * There are institutions who hold enormous short positions in GameStop that they entered into hoping to profit from GameStop's demise + * GameStop has leveraged the short squeeze to bolster its position greatly + * The short positions are costly to maintain, but far less costly than closing the short positions + * The only way that the institutional shorts can survive is if Apes lose hope or lose interest and sell + * FUD and a Hope/Disappointment loop are key tools that are used daily to deplete hope and interest + * Buying, holding, and DRSing shares at ComputerShare makes maintaining the short positions more difficult and costly to the short institutions + * When maintaining the short positions becomes too costly or impossible for an institution, they must close their short position, and it will likely trigger the MOASS + * This is an amazing community, and the support we give to each other helps in ways that we cannot know + +I am sure that many of you are well-aware of these points, but keeping perspective on these key tenets helps me decide where to place my hope and energies. I am a patient individual, but recognize that it can be *extremely* challenging to place so much hope and mental energy into one thing for so long, often feeling powerless to meaningfully impact the outcome. Do not worry - you are among Apes who will support you. The same Diamantenhände that HODLed GME through $40 will HODL you up when you need it most. The short institutions are losing support daily. They cannot sustain the way we can. + +Today is Thursday, October 14th, 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: **$181.73 / 157,18 €** *(volume: 1465)* +- 🟥 115 minutes in: $181.87 / 157,30 € *(volume: 1459)* +- 🟥 110 minutes in: $183.27 / 158,51 € *(volume: 1347)* +- ⬜ 105 minutes in: $183.32 / 158,55 € *(volume: 1241)* +- ⬜ 100 minutes in: $183.32 / 158,55 € *(volume: 1241)* +- 🟩 95 minutes in: $183.32 / 158,55 € *(volume: 1237)* +- 🟥 90 minutes in: $183.08 / 158,35 € *(volume: 1237)* +- 🟩 85 minutes in: $183.16 / 158,41 € *(volume: 1235)* +- 🟩 80 minutes in: $182.55 / 157,89 € *(volume: 1221)* +- 🟥 75 minutes in: $181.12 / 156,65 € *(volume: 1221)* +- 🟥 70 minutes in: $181.26 / 156,77 € *(volume: 1123)* +- 🟩 65 minutes in: $183.23 / 158,47 € *(volume: 739)* +- 🟥 60 minutes in: $183.16 / 158,41 € *(volume: 739)* +- 🟥 55 minutes in: $183.49 / 158,70 € *(volume: 619)* +- 🟥 50 minutes in: $183.81 / 158,97 € *(volume: 595)* +- 🟥 45 minutes in: $183.82 / 158,99 € *(volume: 592)* +- 🟩 40 minutes in: $185.06 / 160,06 € *(volume: 150)* +- 🟩 35 minutes in: $185.05 / 160,05 € *(volume: 150)* +- ⬜ 30 minutes in: $184.98 / 159,99 € *(volume: 150)* +- 🟩 25 minutes in: $184.98 / 159,99 € *(volume: 64)* +- 🟩 20 minutes in: $184.89 / 159,91 € *(volume: 63)* +- 🟩 15 minutes in: $184.86 / 159,89 € *(volume: 63)* +- ⬜ 10 minutes in: $184.73 / 159,78 € *(volume: 61)* +- 🟥 5 minutes in: $184.73 / 159,78 € *(volume: 50)* +- 🟩 0 minutes in: $184.88 / 159,90 € *(volume: 39)* +- 🟥 US close price: $184.06 / 159,19 € *($184.70 / 159,75 € 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 1.1562. 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! +This was an interesting question asked during a little finance group meeting I was in. + +What is something you are not admitting to yourself about money? + +For example, do you feel you are addicted to money? I.e. earning it and not taking a break, focusing on other important things? + +Someone else admitted that they are addicted to saving money at the cost of happiness of them or their partner. It is good to save money but this person was so intense that they forgot to take a step back and let go every now and then. + +So what is something you are not admitting to yourself about money and work? +How are you wonderful Apes doing on this fine February weekend? As for me, I am sitting here counting down the minutes until another one of those HYPE WEEKS that we all love begins! But before that, I wanted to provide an update on my previous post on Monday 7th, that explored 9 of the WALLS that are closing in on the hedgefucks and could trigger MOASS: + +[https://www.reddit.com/r/Superstonk/comments/smjczz/the\_walls\_are\_closing\_in\_a\_comprehensive\_look\_at/](https://www.reddit.com/r/Superstonk/comments/smjczz/the_walls_are_closing_in_a_comprehensive_look_at/) + +I am actually working on a follow-up DD currently, that has a list of *at least another* 9 such WALLS that could also trigger MOASS. But so much has happened over the last couple of weeks, that I wanted to give an update on what has been happening with the original list of 9. In most cases these WALLS have pushed in further, so relax and HODL as you learn about how Kenny and his buddies are now even closer to Davy Jones' Locker 🏴‍☠️: + +&#x200B; + +**WALL 1: GameStop-Immutable X-Loopring can trigger MOASS by organic growth** + +Any closer now? Absolutely! Robbie Ferguson, the Co-Founder of Immutable X, shared more details about the Gaming NFT platform and it's looking *even more like a game-changer* than when the initial news came out: + +https://preview.redd.it/yvd28lqfkqi81.png?width=688&format=png&auto=webp&s=b750fca9c50ab7d7947dcbf39e00d49e840a059a + +And there are more hints as to how Loopring may also be playing an essential part in the 'triumvirate', with Loopring adding Immutable X's IMX tokens now to their Level 2 Exchange: + +https://preview.redd.it/wjrfoac6lqi81.png?width=568&format=png&auto=webp&s=ba167da4344d431d7fdd7ed9e2e3a590f5637afb + +As for what part exactly Loopring may bring to the table, [u/DrinkDrPepperSpray](https://www.reddit.com/user/DrinkDrPepperSpray/) presented this tit-jacking snippet of info to us: + +https://preview.redd.it/foj6bghxqqi81.png?width=698&format=png&auto=webp&s=19818067a1b68a6cf9a730458ac003919b0a67f9 + +It is no wonder then that, as we await the official announcement of the exact details of the partnership, Byron Wiebe (Head of Community at Loopring) tweeted the following: + +https://preview.redd.it/yocpjhvhrqi81.png?width=624&format=png&auto=webp&s=92e7c3e4ab67e67239455477c02c13951285d404 + +I anticipate the organic growth will accelerate once everything is publicised, meaning this particular WALL towards MOASS will also start speeding up with it! And when could it go public? + +https://preview.redd.it/se2nv9h8uqi81.png?width=577&format=png&auto=webp&s=0f573922561c9fdc7704e16c5e2dc968323c8109 + +If the deadlne is 21/2/22, then I guess 22/2/22 looks like a potentially fun date to launch something... + +&#x200B; + +**WALL 2: GameStop has the technical means to proivde shareholders with an NFT-based dividend, the issuance of which would trigger MOASS** + +No news that I am aware of in these last couple of weeks, specifically related to this particular WALL. However I do want to share a *very* intriguing [comment](https://www.reddit.com/r/Superstonk/comments/smjczz/comment/hvyc0mu/?utm_source=share&utm_medium=web2x&context=3) that u/Wolfguarde_ made in response to my first post: + +https://preview.redd.it/k3m7vexfsqi81.png?width=645&format=png&auto=webp&s=84698d5ed18c68cb7c4bb34a63329e718f9f9532 + +Purely speculation, of course, but it is a quite compelling concept. One that very feasibly GameStop could utilise, to prevent the possibility of an NFT-based dividend being set a cash value by nefarious brokers, in order to help out their short hedgefund cronies. The issuance of an NFT dividend carries with it many unknowns, not just attempts to place equivaltent cash values but also lawsuits. The most famous digital dividend so far was that issued by Overstock in 2020, although as I [reported](https://www.reddit.com/r/Superstonk/comments/ptvq89/the_overstock_court_ruling_in_utah_yesterday/) below about half a year back, it did result in a long and costly lawsuit launched by the hedgies against that company: + +https://preview.redd.it/dv78m0vuusi81.png?width=629&format=png&auto=webp&s=7dab02c892c7e081904c286f149e0a2d7067e3e0 + +https://preview.redd.it/o8tc24g7vsi81.png?width=437&format=png&auto=webp&s=3acab4e787d62d39efa4138e49b3ee22b7a5f472 + +Overstock ultimately won the ruling, and as I detailed in the post, the case has set an important "with prejudice" precedent now. However no doubt GameStop would still have considerable wariness to issue an NFT dividend, due to the potential legal threats that could ensue. However mechanisms such as the one described above by u/Wolfguarde_, which are almost a gamification of the process and would be utilising the technology of their partner Immutable X, would make such legal action more difficult. I certainly hope that if GameStop do issue a dividend, it is in a form such as this because the shorts would then be left miserably powerless to follow any courses of action to prevent MOASS. + +&#x200B; + +**WALL 3: The 10-K filings** ***hinted*** **that a MOASS triggering share recall may be possible, but the partnership could provide the technical means to achieve this too** + +Check Byron's tweet shown in the follow-up about Wall 1 above. Is it even possible to be *"re-architecting the global financial infrastructure"* without contemplating leaving that old infrastructure behind altogether...? + +&#x200B; + +**WALL 4: GameStop spins off the NFT division to create a new company, a path which could lead to MOASS by facilitating a full share count/audit** + +[u/bloodshot\_blinkers](https://www.reddit.com/user/bloodshot_blinkers/) publised an extensive post on this just a couple of days ago, where they already [called it now](https://www.reddit.com/r/Superstonk/comments/sua3fk/gmerica_a_spinoff_company_of_gamestop_and_the/): + +https://preview.redd.it/0f0l9gcvvqi81.png?width=673&format=png&auto=webp&s=6288b0b973c1050105cf0df34edeca3cb77c312b + +Who am I to disagree with such bold predictions? 🍌 + +&#x200B; + +**WALL 5: SEC Proposed Rule 87 FR 6652 prevents continued use of Swaps to hold back MOASS** + +There is still time to provide comments in favour of this critical rule, as it is open to public comments until March 21st. Gary Gensler himself has tweeted a reminder that this, amongst a few other proposals, can still have arguments in favour submitted: + +https://preview.redd.it/jjwikivswqi81.png?width=580&format=png&auto=webp&s=bbcceb724874dbe386ce518fbe5ea61520d74fd6 + +Give the man what he's asking for: [https://www.sec.gov/regulatory-actions/how-to-submit-comments](https://www.sec.gov/regulatory-actions/how-to-submit-comments) + +&#x200B; + +**WALL 6: SEC and DoJ investigation could lead to SHFs being shut down, their short positions being force closed, and thus potentially leading to the MOASS** + +This has certainly been the talk of Superstonk town in the last few days, as the DoJ investigation seems to be hotting up! There have been plenty of posts about how the trail has gone from the smaller hedge funds and now up the food chain, including to the likes of huge Prime Brokers such as Morgan Stanley, as [shared](https://www.reddit.com/r/Superstonk/comments/suw4le/bloomberg_216_in_case_you_missed_itlets_keep_the/) by [u/Caicosblue](https://www.reddit.com/user/Caicosblue/): + +https://preview.redd.it/5ki8axy7yqi81.png?width=700&format=png&auto=webp&s=3905dbc8f9ca05f558eebd99b7e46eb8cf09161e + +But certainly the biggest of the news is that Citadel, or at the very least some of their employees, are also being questioned now as part of the investigation. This was [broken](https://www.reddit.com/r/Superstonk/comments/sv88c0/citadel_securities_officially_named_in_doj_probe/) to the sub by u/demoncase: + +https://preview.redd.it/mn1a9adsyqi81.png?width=697&format=png&auto=webp&s=a9894060362e0e8b93d6a0ed7558c41e53248d8e + +The investigation seems to have a lot of moving parts, with the [latest](https://money.usnews.com/investing/news/articles/2022-02-18/u-s-prosecutors-explore-racketeering-charges-in-short-seller-probe-sources?src=usn_rd) story being the possibility to even press charges of racketeering under the RICO Act: + +https://preview.redd.it/q7xdtdriysi81.png?width=782&format=png&auto=webp&s=8c7922aaceed5dcdcce33cde83f89880d4df06be + +Of course this particular WALL may still have a way to go before leading to any concrete action by the DoJ, but I do concur with the general [sentiment](https://www.reddit.com/r/Superstonk/comments/svnihd/anti_fud_doj_investigation_of_citadel_and_shfs_is/) that [u/SchroedengersCat88](https://www.reddit.com/user/SchroedengersCat88/) shared in his post very recently: + +https://preview.redd.it/xs8c6n1izqi81.png?width=700&format=png&auto=webp&s=f2b88507182d610c2379ed8576b09b27b4b51dee + +What cannot be denied is that this particular WALL continues to be pushing in at the shorts every single day now. The possibility of one or more of the bad actors being ensnared and shut down, thereby forced to close their short positions, and thus triggering a domino effect that leads to MOASS continues to grow. + +&#x200B; + +**WALL 7: Shorting is becoming both difficult to carry out and a LOT more expensive than even a couple of weeks ago** + +The Cost to Borrow has been fluctuating up and down, but the "highs" are certainly getting higher. An example was set on the 8th, as shown in this [post](https://www.reddit.com/r/Superstonk/comments/snul33/ortex_maximim_cost_to_borrow_almost_at_11/?utm_medium=android_app&utm_source=share) by [u/Bananito\_To\_The\_Moon](https://www.reddit.com/user/Bananito_To_The_Moon/) on Tuesday 8th: + +https://preview.redd.it/mul1lnwzksi81.png?width=706&format=png&auto=webp&s=4b76f75c0bbc1770575ed300892eb429d2c5be7b + +It would not surprise me in the least if CTB continues to have high volatility, before potentially shooting up to a level where the SHF with the least capital cannot afford to stay in the game any longer. The result? Potentially another one of those dominoe effects that could trigger MOASS at some point. + +&#x200B; + +**WALL 8: Utilisation approaching 100% again - something that last happened in January 2021** + +[u/Fantasybroke](https://www.reddit.com/user/Fantasybroke/) has been updating us with daily posts about this, and as of Friday 18th it is now 9 days of being at 100% utilisation: + +https://preview.redd.it/abx15zsy0ri81.png?width=585&format=png&auto=webp&s=36e6f7aaeb7a2d66486db15a19e82a5a0ff49d20 + +When utilisation reached 100% back in September 2020 (not longer after RC bought in), it took about two weeks before the squeeze that commenced in the January "Sneeze" started. If this level of utilisation continues, personally I think it will only be a matter of time before another consistent increase in the share price also continues. And at some point, that may well lead to the weakest of the SHFs on the wrong side of this trade receiving that long awaited call from Marge. + +&#x200B; + +**WALL 9: Ortex Short Squeeze Signal flared again...** + +Finally in this section looking at the previously identified WALLS, I posted on [10th February](https://www.reddit.com/r/Superstonk/comments/sp9pc2/ortex_short_squeeze_signal_flared_up_again_this/) how this signal flared for a *second* time and the significance of this: + +https://preview.redd.it/35k1sgtr1ri81.png?width=642&format=png&auto=webp&s=85c75507417ae74500d0c125fbbfb1ec574e5c8e + +If this signal flares again soon for a *third* time in quick succession, I am definitely going to tighten my seat belt even harder... + +&#x200B; + +**TL;DR** + +The 9 WALLS that I previously posted as closing in from all angles on the hedgies, have continued to squeeze in over the last couple of weeks. What's more, there are at least **another 9 WALLS** that I have *also* identified in addition to these as well! Stay tuned for another update in this WALLS series, as I look into yet more ways that hedgies r well and truly fukd. + +&#x200B; + +**Shameless Plug...** + +Some of you beautiful primates may know me as the Ape behind the **"Planet of the Apes"** [posts](https://www.reddit.com/r/Superstonk/comments/rr82up/planet_of_the_apes_2021_endofyear_update_members/): + +https://preview.redd.it/vozhmcllpsi81.png?width=663&format=png&auto=webp&s=4a37a5bb025db2eadcb2295821999bcbc8d1e2b3 + +Since my last update at the end of last year, I have received a few messages from Apes in places whose flags are not represented on the above image. Granted, all our national flags have now been outdone by the one true flag to rule over them all: + +https://preview.redd.it/fm0lt7umqsi81.png?width=382&format=png&auto=webp&s=1fb687b93886430ced6b6914365d72131fffa144 + +But I still intend to post a Spring Update to this series in a few weeks from now, and want to make sure there is even wider global representation. So, if you are a Superstonker who cannot find their flag in the image above, please reply with a comment (or if you are a lurker lacking the karma, then send me a direct message). Hopefully this post can get enough upvotes that some Apes in the places not coloured green on my map can see it and respond! + +https://preview.redd.it/w531vkwjrsi81.png?width=1704&format=png&auto=webp&s=834a6af46dab067ebb1938d211cc10eeeaa2d460 +Yesterday and today was very reminiscent of the rocket price action that commenced on May 12th that ultimately brought us to a price of $344. + +Today was also a day where we got to experience a crime-free day of trading where we saw an astounding $20 increase on just 2.5 million volume. + +I don't know about y'all, but my tits are so jacked that both my nipples have pierced the moon. +***I'm seeing some conflicting numbers like here: +https://reddit.com/r/Superstonk/comments/nx4nr3/ortex_data_reporting_7427m_outstanding_shares/ + +*** +Mods, if you feel this should be taken down, I'll gladly do it. +*** + +While I don't personally feel the explination makes any more sense than my speculation, I acknowledge that this is a personal theory that some people claim is based on debunked data. + +The data I make this speculation on is all linked below. Please read it carefully and make your own decisions. This speculation relies on current reports from Ortex, which some feel is not trust worthy. I visited Ortex myself and confirmed their currently listed data matches what I'm claiming. None of the currently available-to-me data exactly matches and no one can point me towards any numbers that are accepted as accurate. + +Edit: there are conflicting numbers from multiple different sources. My THEORY here depends on Ortex and guessing. This theory contradicts other respected Apes and it's just a possibilty that I thought of. I've included links to the information this theory contradicts and I'm absolutely not pushing this as anything more than my thoughts! + +I was looking at the GameStop SEC filings today and saw 3 new (as of the 11th) filings: +https://news.gamestop.com/financial-information/sec-filings + +First: +https://news.gamestop.com/node/18986/html + +Second: +https://news.gamestop.com/node/18991/html + +Third: +https://news.gamestop.com/node/18996/html + +These are called SEC Form 4's, and they show shares being restricted. Read them carefully. The first is George Sherman, the outgoing CEO. It shows him getting 121,386 vested shares based on closing price on 6/9. With the following note: + +Explanation of Responses:1. The Reporting Person (George Sherman) did not sell any shares on the Transaction Date. Rather, shares were withheld by the Issuer on a vesting of restricted stock to cover applicable withholding taxes, with the number of shares withheld based on the 6/9/2021 closing pricing. + +WITHHELD + +Based on the Form 424B5 we know the float as of 6/1: + +https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-21-186796 + +Specifically page S-4 it says: +The number of shares of our common stock to be outstanding immediately after this offering is based on 71,815,131 shares of our common stock outstanding as of June 1, 2021, including 2,435,881 shares of restricted common stock which are subject to forfeiture or our right of repurchase as of such date. + +So total available float as of 6/1 = 71,815,131 - 2,435,881 = 69,379,250 + +Second is for new director James Grube and third is for Alain Attal. These LOOK the same, being given 1,022 shares each, BUT there's a difference, look at the green writing on the bottom: + +Explanation of Responses :1. These represent restricted stock units vesting on the date of the next Annual Meeting of Stockholders of the Issuer, subject to accelerated vesting in certain circumstances + +So let's restrict 2,044 shares as of 6/9 to hold for Grube & Attal: +69,379,250 - 2,044 = 69,377,206 + +Now 6/10 comes and we see a big drop and Ortex updates shares outstanding to 74.27mil + +So let's add 5,000,000: +69,377,206 + 5,000,000 = 74,377,206 + +Now let's take out Mr Sherman's "withheld shares" + +74,377,206 -121,386 = 74,255,820 + +This is where I can't account for about 14,180 shares compared to the Ortex 74.27mil, but those might be hidden aways somewhere in other filing? + +Please share thoughts/feedback! + +Edit: we don't know for sure till GME announces it, but I'm feeling pretty tit-jacked right about now + + +Edit 3: Buy, Hodl, Buckle up +So I've been in the housing market for a few months now. I keep a running tally here in South Brisbane area and I have inspected 143 houses at the 300-500k range. + +I have been half following the hype train on price decreases and I was on board a few months ago, but over the last month you guys seam to be missing one thing. + +This is the 6th house I've been outbid by 10%+ above the listing price (60k above my offer once). Your all making strong points about the supply and demand, the financial hardship etc etc. But your underestimating how absolutely stupid your fellow humans are. I feel like the general public's intelligence is going to be a stronger force in this than you all lead on. + +EDIT: All the negative comments seam to be calling me poor. The point wasn't me complaining I can't afford them. I'm just having fun with it and playing the long game. I'm actually kind of confused how my meaning was misunderstood. Honestly when I entered a contract a few months ago I was more disappointed the search was over (was terminated shortly after due to hidden severe structural termite damage). + +I'm just trying to say that people are highballing for homes still, which will offset allot of the supply/demand issues etc etc. Which I believe is both true and a good point. I think it will contribute allot to any lag in price drop. Why you all grumpy and calling me poor? I know people can afford them, people can afford $20 for a loaf of bread. It's still dumb. +* ***15:1 share consolidation to begin trading on*** **or about** ***May 14, 2021*** +* ***NASDAQ Capital Market listing expected in May 2021 under ticker symbol HITI*** + +“Today’s news represents a significant milestone towards High Tide becoming the first major cannabis retailer anywhere in the world to be listed on Nasdaq, making our shares more accessible to a larger audience of both retail and institutional investors, and increasing our appeal to potential M&A targets,” said Raj Grover, President and Chief Executive Officer of High Tide. “The announced share consolidation, coupled with other recent progress in our application, gives us confidence that we remain on course to meet the listing standards and begin trading on Nasdaq by the end of this month,” added Mr. Grover. +Title pretty much says it all. Which of your coins/tokens do you trust most to moon and why. Everyone gets to shill 1 x100, 1 x50 and 1 x10. I'll start: + +x100 Chainlink (Link): Decentralised Oracle platform to connect smart contracts to the outside world. Oracles are the missing link to enable blockchains to unleash their full power and obtain mass adoption. Chainlink has the best vision out there and capable devs who work on this solution for years now. Small market cap of ~$120mio justifies a x100 for such a crucial element in cryptospace. + +x50 IOTA: Building the standard for IOT. It's feeless, one day infinitively scalable and doesn't require energy consuming mining. It will connect the world of machines as no second protocol. Market cap of ~$3bn gives it room to grow significantly in the booming lot markets. + +x10: I wanna say Req but I go with ARK: Ark enables communication between blockchains, which becomes increasingly important given the vast amount of different blockchains out there. Secondly it allows everyone to build their own private blockchain with the simple click of a button. Market cap of ~$200m leaves plenty of room for a x10 at least. +Title pretty much says it all. Which of your coins/tokens do you trust most to moon and why. Everyone gets to shill 1 x100, 1 x50 and 1 x10. I'll start: + +x100 Chainlink (Link): Decentralised Oracle platform to connect smart contracts to the outside world. Oracles are the missing link to enable blockchains to unleash their full power and obtain mass adoption. Chainlink has the best vision out there and capable devs who work on this solution for years now. Small market cap of ~$120mio justifies a x100 for such a crucial element in cryptospace. + +x50 IOTA: Building the standard for IOT. It's feeless, one day infinitively scalable and doesn't require energy consuming mining. It will connect the world of machines as no second protocol. Market cap of ~$3bn gives it room to grow significantly in the booming lot markets. + +x10: I wanna say Req but I go with ARK: Ark enables communication between blockchains, which becomes increasingly important given the vast amount of different blockchains out there. Secondly it allows everyone to build their own private blockchain with the simple click of a button. Market cap of ~$200m leaves plenty of room for a x10 at least. +Hello everyone, + +noob over here. I have been getting some cryptos over the last month and I have had some decent results. + +My plan is to buy and HODL, but for that I find myself a bit confused regarding which of my holdings actually intends to be a currency in the long term, and not some token that may be replaceable with others. + +So far, it is clear to me that these aim to be currencies and nothing else: + +* BTC +* LTC and BTC forks? +* XRB +* XMR and other privacy coins? + +They make sense as long term investments as they may become one day the currency we use to buy products. Then there are those other coins that get shilled over the internet. +I have thrown a few bucks at each "just in case", but I am really confused whether what I am buying could sometime become world's digital currency. + +They throw around words like "currency agnostic", something that to me sounds like "the token may become useless". + +* XRP: a lot of talk about how the coin is not needed for the Ripple network, maybe institutional investors are even buying something else +* XLM, ARK, REQ, TRX: not clear at all why we need specifically their tokens for those products to work, instead of using some other currency as reference +* IOTA: check some of the responses on this: +https://www.reddit.com/r/Iota/comments/76mp1x/why_does_iota_need_a_token_with_value/ + +> Why does Iota need a token with value? +> *It doesn't. Its a nice-to-have feature is all.* + + +Again, I own some of the non-currency tokens so I will appreciate them rising in value, no FUD intended. So just an honest question, **which currencies aim to be the world's digital currency**, instead of aim to do all sorts of other stuff, for which they can be "currency agnostic"? + +Thanks everybody! + +For those of you who are Fat and have built custom homes for themselves, what did you end up spending on a per sq. ft. basis inclusive of all costs (architect/design, permitting, construction, etc.) but not including the land or furnishings? Trying to set expectations for what to budget for a high quality build in a HCOL city in 2022. Budget isn’t unlimited, but want to do it right and not cut any corners. + +Obviously costs varies greatly by site specifics, finishes, etc. but I’m hoping to get some input from others who have been through this process. + +We’re starting the process to build a new single family detached home on an existing lot we own in a HCOL city. (approx. 3k sq ft. home on 4.1k sq ft lot). We’re starting to interview architects now. + +Any advice or first hand experiences are much appreciated. +Lenders or anyone, help me understand how this funding works. This is something maybe I'd like to do too. + +married couple bought $988k house in my neighborhood in summer 2019. Took out a $741k mortgage on it. + +they got blueprints to tear down and build new 3800sf house, and broke ground this month. + +in sept 2020, they got another loan for $1.67M standard adj mortgage, presumably to cover the cost of construction and to pay off the mortgage from last year. This is not a construction loan as far as I can tell from the actual document. + +However, the loan terms state the original property can't be destroyed. [https://i.imgur.com/hkRwl8z.png](https://i.imgur.com/hkRwl8z.png) + +but they tore it down anyway. + +Based on public records, this couple owns another condo in LA that is worth $1.1M, which does not have any recent liens on it. + +&#x200B; + +How can they build this new house with this kind of funding? + +I remember ages ago when my parents thought about tearing down a house, the bank wouldn't let them because there was an outstanding mortgage on it. +Can we please respect the team's wishes. + +We have been asked not to announce that we have been approved by satori so as not to give info to the shills on how to get approved. + +I repeat (lol) as I need make up chars....We have been asked not to announce that we have been approved by satori so as not to give info to the shills on how to get approved. + +Is that clear or do I need to repeat myself yet again.....? :/ +Any thoughts on the upcoming lockout of CP rail? I have a bit of investment in CP, should I take it out today and wait to see what happens? What is everyone else doing? + + Thanks, +Hi guys at r/CryptoMoonShots. The last TikiTalk AMA hyped me so much, that I have to share the news with you... + +For $TIKI hodlers it is and will be even more Happy Hour all-day: + +☝️ u/realtikitoken is the FIRST ever Token, which pays hourly $BNB auto-rewards + +✅ BTC + BUSD (stable coin) rewards soon + +✅ #Staking imminent + +✅ #Certik Audit imminent (TIKI is already listed on the Certik website) + +✅ Auto-Reinvest soon + +✅ Conversations with big - that means very well known - centralized exchanges (CEX)! + +Details About TIKI Token: + +$TIKI is the first of its kind, a unique automated BNB reflection token, enabling holders to benefit greatly from hourly automated reflection straight into their wallet, how convenient 😎 Holders can also easily view and keep track of their reflections through an eye catchy Tiki Dashboard. The Dashboard also allows holders to view forecasted reflection based on not only future volume but also on forecast of reinvested rewards. + +To be clear: Tiki is not a SafeMoon Fork or a copy of another project, they have their own contract and this is the first of its kind! You know what this means... ;) Another excellent element of this project is the dev team, who are constantly and consistently finding ways to better the token through unique innovation, always attempting to differentiate Tiki from other coins on the market. + +Tokenomics: + +\- 1 Billion Total Supply + +\- 10 % Auto BNB Distribution + +\- 5% LP + +Telegram: [https://t.me/tikicommunity](https://t.me/tikicommunity) + +Website: [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +YouTube: [https://www.youtube.com/channel/UCu5bEBcgJ0O5vZRMf3rUa\_A](https://www.youtube.com/channel/UCu5bEBcgJ0O5vZRMf3rUa_A) +So, i devised a day trading strategy (~50 trades per day). I have minute candlesticks from 2000 until now. I backtested my strategy on the dataset and it performs exceedingly well on the dataset. The return on each single month is extremely consistent with only few months being actually negative (very bearish periods). Overall, it has an annualized 40% return, with low variance year by year. And this is without counting a couple of crazy years where it was up 200%. +I started paper trading my algo and it matches the backtesting on the same day very closely. +I am a very skeptical person by nature, so I know there MUST be something wrong. The startegy, although quite original, is very trivial and based on simple indicators, and I coded it in a month in spare time. I am a very expert software engineer, but a novice in algo trading. +I'll start testing with small sums on Monday and see how it goes. I also am unclear if and how much the performance decreases as my investment size increases. +I know there are no free lunches, I know there are no easy get-rich-quick schemes, so I wonder, what am I missing? I expect some discrepancy on real trading, but how much can it possibly be? I find it completely impossible to believe that such a simple strategy behaves so well, so I really don't know what to do in front of this evidence. +Hi everyone, this is my first post here. I wanted to share with you some idea I have been implementing recently. I came across an NN model which predicts market moves using the limit order book data. + +# NN model + +I have trained a model to predict market moves based on the history of the limit order book. The model is based on the [DeepLOB](https://arxiv.org/pdf/1808.03668.pdf) paper and consists of the CNN and LSTM layers. A sequence of CNN layers is meant for automatic feature extraction while LSTM layer should capture temporal dependence. As input the model takes prices and volumes of 10 bids and asks closest to the mid-price for the 100 most recent timesteps (so vector of size 400 for the input). Based on this input the model infers probabilities of the down-move/no-move/up-move after several ticks. The labels are built based on the difference of the future and past moving averages, which are quantized to -1/0/+1 based on the specified threshold value. If the threshold value is too high (i.e. we try to capture only sizable market moves), the classes are going to be imbalanced and the prediction power of the model lower. The threshold value is thus chosen to indicate a move of size of several dollars. + +[Training results \(random guessing would have accuracy of 33.3&#37;\)](https://preview.redd.it/t1du7o8btmd71.png?width=698&format=png&auto=webp&s=7e10de1a306814663fa363ff78a43da80c4cee87) + +# Data + +I pulled \~3h of LOB data for BTC-PERPETUAL across several days from [deribit.com](https://deribit.com). I use data from one day for training and validate / backtest using data for another day. Splitting the dataset from a single day and using one half to train and another to validate / backtest yields slightly better results (perhaps there is a presence of a certain regime in the market). + +# Portfolio construction model + +In the original paper they act on the signal by longing / shorting a single futures contract and retain the position until the opposite signal prevails (in order to avoid buying / selling on a neutral signal). One could perhaps incorporate some ideas on Kelly criterion to size the position, however, in the current context it's not entirely necessary. + +However, since the model sometimes isn't quick enough to timely predict the opposite move, I have modified the strategy using EWMA to give up the position after a while if the neutral signal has been around for too long. + +[Top: predictions for the probability of the market move for 1 minute period. Bottom: best bid of BTC-PERPETUAL for the same period. Chosen strategy is colorbar at the bottom.](https://preview.redd.it/xtppf9enimd71.png?width=1780&format=png&auto=webp&s=ab2808b03b45625f7b4fb478ba06ed1b27416afa) + +[Top: best bid for BTC-PERPETUAL for 3 hours. Bottom: PNL profile for the same time period without consideration of the fees. Chosen strategy is colorbar at the bottom \(1 perpetual contract is traded everytime\).](https://preview.redd.it/yejvhwnhpmd71.png?width=1776&format=png&auto=webp&s=86a9c5e867e5118d82e297dd3e4debba3c2873b8) + +# Fees + +Major problem is that given the fees structure. In order to capitalize on the predictions, I have to cross the spread and execute market orders (since the markets moves against my limit order and it would never get filled). Lowest fees one can get in the BTC field are \~0.05% for liquidity takers (0.00% or even a small rebate for liquidity makers, there are some exchanges boasting no fees but they have huge spreads and tick size). Given the current value of around \~30k for BTCUSD it amounts to $15 for a trade. So my model has to predict a market move of >$15 on average. Obviously, the objective is to remove the number of trades and while only entering a position if the predicted move is strong enough to beat the \~$15 fees per contract. + +The model is, however, not perfectly accurate, and the predicted jumps are not always that large. I guess in the paper they cut corners and didn't put a lot of effort into the portfolio construction model since the general sentiment in acamedia for such matters is that investment banks have a lot of market power anyway and thus barely incur fees. + +One way out of it would be build a strategy with limit orders. However, as I can see it, limit orders could be used to capitalize on the excursion (a down-movement followed by an up-movement and vice versa), but not on a single move up or down. + +Anyway, I would be interested to hear your thoughts on the viability of this idea! +* **AMC has launched a new platform on its website just for its new retail investors.** +* **The platform provides these shareholders with exclusive promotions, like free or discounted items and invitations to special screenings, as well as direct communications with CEO Adam Aron.** + +>Aron and AMC plan to [donate $50,000 to the Dian Fossey Gorilla Fund](https://www.cnbc.com/2021/05/07/amc-ceo-adam-aron-raved-about-its-reddit-investors-on-an-earnings-call.html) — a clear nod to these new investors, who call themselves apes and refer to Aron as “Silverback.” AMC also has shifted its communication style to speak directly with shareholders via social media, including YouTube. Aron has even taken a renewed interest in Twitter, “following” hundreds of accounts tied to the “ape army.” +> +>“During my five-plus year tenure as CEO at AMC, I’ve taken great pride in the relationships I have forged with AMC’s owners,” Aron said in a statement Wednesday. “With AMC Investor Connect, that effort in relationship building will continue apace even if our shareholders now number in the millions. **After all, these people are the owners of AMC, and I work for them.**” + +Source: [https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html](https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html) + +AMC's new investor connect:[https://www.amctheatres.com/stockholders?rel=stockholders\_stockholders\_hp\_hero](https://www.amctheatres.com/stockholders?rel=stockholders_stockholders_hp_hero) + + +Thoughts? +Been here since January 2021 and have averaged up, down, up, down, etc. My average cost basis is around \~$185, and I have DRS'd a couple thousand shares. Was feeling a bit hopeless the last time GME was sub $100, not because I was worried about my investment, but because I didn't have the means to buy a fukton more. This time, I'm ready. + +I took out a $50,000 (max) at 4.19% with 5 years of monthly payments. The beauty of this loan is that I am paying myself the interest. The full monthly payment (principal and interest) goes back into my retirement balance. Fidelity manages my employer's retirement plan (401a) and they charge a small quarterly fee to manage the loan. The whole process took about 5 business days, i.e., the $50,000 was in my bank a week after the first call. + +I've never borrowed against my retirement, so this was new to me. Thought I would pass along the info. I will be buying more soon. NFA + +&#x200B; + +Edit 1: DM from another ape: + +https://preview.redd.it/llgmxhlc8hy81.jpg?width=605&format=pjpg&auto=webp&s=1b847ee9b66f0a6a4519422d8bd04358e318e603 + +&#x200B; + +&#x200B; +Today I had a friend send me 4$ for a frosty because I've always loved them and there's a new limited edition peppermint one. +Well it was only four dollars but I decided against treating myself and got a bag of rice to last me the week. + +I feel so guilty that I didn't treat myself like she wanted me to but... it feels like that bag of rice will do me more good than a stupid medium ice cream. +First, I will disclose that I am no longer short Facedrive as I received a margin call and had to cover. Secondly, don't want to go too much into why Facedrive is worth practically nothing as it has been covered well before by Hindenburg and by myself [here](https://www.reddit.com/r/CanadianInvestor/comments/jipz2g/deep_dive_into_facedrive_fdv_short_thesis_target/). + +I am more interested now in how this company has gamed the market and in connection, the dynamics of the system that has allowed this to take place. + +Facedrive has had tremendous success due to three main factors; 1) a deceptively tiny float; 2) minor acquisitions that are conducive to; 3) targetted stock promotion + +**Tiny Float** + +Facedrive initially listed on the Venture exchange with about 9 million shares but almost immediately performed a 10 for 1 stock split increasing the share count to over 90 million. Supposedly this was done to increase liquidity; however 85% of the shares outstanding were locked up from the get go, and they still remain locked up until March 16th of this year. So in effect the free trading float only increased from about 1.35 million shares to 13.5 million shares. This made the stock prime for some highly volatile price movements which would have the effect of increasing the market cap exponentially (and making insiders who own 2/3rds of the company extremely rich on paper). + +**Acquisitions** + +So now that we have a stock primed to move we need to get the public interested, develop a narrative. Facedrive used $10 million raised privately (I suspect from friends and family that were promised great returns) to make some very minor but high profile acquisitions that would become their "verticals" and fit their ESG profile (BTW nothing about this company is any more focused on ESG than any other company with good governance). To complement their rideshare, Facedrive created an e-commerce vertical that sold hoodies; they outsourced the manufacture of a bracelet for contact tracing; they bought an e-mail list for food delivery; they bought an ethnic food delivery service; and they bought a fledgling EV subscription service in Washington D.C. All these transactions were valued in the low single digit millions and below. + +But how was Facedrive going to consolidate all these verticals and grow them? None of them other than the ethnic food delivery service generated any significant revenue, and most of them had been around for years without showing any signs of growth. With limited cash left after the acquisitions Facedrive came up with the brilliant plan of spending all their dollars on marketing the company to investors (the executive suite doesn't even collect a salary as the stock is so much more valuable). Let's just let the verticals idle, not invest a penny in them, but instead spend all our dollars on increasing our investor base. + +**Stock Promotion** + +Facedrive has promoted their stock in a number of ways but their main outlet has been a marketing company that owns [Oilprice.com](https://Oilprice.com) and has their news syndicated around the web. This company was given $8 million worth of stock to promote the company and they are extremely prolific. They will claim Facedrive is the next Tesla due to their dormant EV subscription business that was bought for relatively nothing and has shown zero growth. Searching Google News for [Facedrive + Tesla](https://www.google.com/search?q=facedrive+%2B+tesla&client=safari&rls=en&tbm=nws&source=lnt&tbs=qdr:m&sa=X&ved=0ahUKEwj-sby4_K3uAhVCaq0KHSq_B4wQpwUIKQ&biw=1440&bih=839&dpr=2) over the last month reveals these results. You will also see Biden's name come up a lot as paid actors have been promoting the narrative recently on social media that Facedrive is in Biden's secret stock portfolio. + +Facedrive has also heavily invested in paying people outside North America to set up accounts and pose as millennials (fake profiles and all) on social media platforms and stock forums. Their gibberish is all the same, whatever narrative suits them at the time is pushed. If it is lockdown, it's food delivery; if it's re-opening it's rideshare. The overarching theme is ESG and changing the world. Funny enough Facedrive does not have a single electric vehicle employed in their rideshare service but according to Facedrive's modus operandi that is irrelevant - if you say it, they will come is more appropriate. + +The main audience for Facedrive's stock promotion has been the US market. The volume on Facedrive's stock on the OTC parallels that of the Venture on many days. Whereas most Venture stocks would be lucky to get 10% of the volume in the US, Facedrive has proven that tapping the US market with targeted promotion can be really valuable to share price appreciation. + +&#x200B; + +**End Result** + +Below is a table featuring the market caps of a few recent TSX uplistings plus CTS (soon to be uplisted) and WELL (a high growth somewhat popular and recent IPO). + +&#x200B; + +|PHO.TO|$242 million| +|:-|:-| +|PYR.TO|$799 million| +|CTS.V|$884 million| +|WELL.TO|$1.3 billion| +|XBC.TO|$1.63 billion| + +&#x200B; + +You may now argue that none of the above companies operate in the same sector as Facedrive. So below is another table of companies that are trying to capture similar markets as Facedrive. I even included the well established New Flyer Industries (NFI). + +&#x200B; + +|TSF.C|$32 million| +|:-|:-| +|BUS.V|$370 million| +|GPV.V|$787 million| +|NFI.TO|$1.93 billion| + +&#x200B; + +All of the above companies generate revenue, have high growth profiles, and some are even cash flow positive. Below is a table with the above companies ranked by market cap from the smallest to the largest. In this table I have included Facedrive. + +&#x200B; + +|TSF.C|$32 million| +|:-|:-| +|PHO.TO|$242 million| +|BUS.V|$370 million| +|GPV.V|$787 million| +|PYR.TO|$799 million| +|CTS.V|$884 million| +|WELL.TO|$1.3 billion| +|XBC.TO|$1.63 billion| +|NFI.TO|$1.93 billion| +|FD.V|$2.04 billion| +I'm talking about the $1 wide SPY put credit spread. The setup is simple. + +Every Wednesday (for some reason Wednesday has netted better ROC), open up a 7DTE PCS, with the long put strike at the 50 delta, and the short put placed just $1 above that. For Robinhood users you only need $100 in collateral to make this trade. Can be easily scaled to your desire. It looks just like this: + +&#x200B; + +https://preview.redd.it/bj5b2ctt2fn51.png?width=295&format=png&auto=webp&s=a1845e4c4bb5d6f26f0daa6488c2b45e9cb04ae2 + +The results after running it in some backtesting software yielded surprising results. This is with no black swan crash management involved: + +&#x200B; + +https://preview.redd.it/haj0if2v2fn51.png?width=855&format=png&auto=webp&s=1c45d3ec07f54b6b39e61822eefe4ab1758f4418 + +A 68% win rate if traded for this past year, even with the COVID crash. Of course one can never assume that these results will actually work in the future, but personally I like the risk-reward ratio of this spread. + +Edit: Thank you everybody for your criticism. I hope that nobody saw this strategy and assumed that it works in all markets. Clearly this is a bull market strategy. I even said that you can't assume this will work in the future, and my back testing only went back one year, in a historical bull run. I'm guessing that if you reposition the strategy down to say a 35-40 delta, it would have a higher win rate in normal markets, but the payout will be smaller. But one thing is always certain no matter what, learn to read charts and trade accordingly. + +Edit 2: I'm running some more backtests now, and will post them here. The software only goes back 10 years, but that should be ample enough time to make your own judgements. + +10Y Backtest from Sept 2010 - Sept 2020, 513 Samples: A rough 2015-2016. + +https://preview.redd.it/f4npd19p4fn51.png?width=915&format=png&auto=webp&s=c3ce352a056a42e4fb0c333e88d117f8bd255efe + +5Y Backtest from Sept 2015 - Sept 2020, 256 Samples: Rocky start. + +https://preview.redd.it/4o7a5c475fn51.png?width=924&format=png&auto=webp&s=37bbae3486886bfadf861b5058d575cd9ec90be0 + +Now here's something a little different. I ran the same basic strategy, but this time I set the DTE for 30 days out. We're still trading this once a week on Wednesday, so you would basically have 4 simultaneous contracts running at the same time. + +10Y with new 30DTE strat: 17 bagger? + +https://preview.redd.it/2n77nsza6fn51.png?width=920&format=png&auto=webp&s=b15a52c37446be9816de88efec899d2263bb7fe6 + +5Y 30DTE Strat: A rough 2016, would you have traded in a bullish direction that year anyway? + +https://preview.redd.it/eesgbu1u6fn51.png?width=904&format=png&auto=webp&s=2a23115883e97ddf7cd83b1163ac77fa7bc4f498 + +2Y 30DTE: + +https://preview.redd.it/i4ny0pdr7fn51.png?width=922&format=png&auto=webp&s=9e27cab92479c6d8245e105a38c85bbe1b6955ce + +That's enough for now. +Excuse the clickbait titles, but i think it’s good to consider the alternatives to finding the next 100 bagger to make it rich. + + +The power of compounding interest. + + + +at 7.5% growth it takes under 10 cycles to double your money. If those cycles are days you have 5 trading days a week which gives us two weeks to double your money if you can consistently hit 7.5% a day. Now if you started with 1000 dollars and did this consistently guess how many weeks to get $1M.... 20 weeks. It’s okay to take profit when you get it, do it consistently and limit your losses and you will make money. + + +If you aim for 15% gains and limit losses to 7.5% if you are 50-50 on your trades you will consistently make money and move toward your goal. + + + +Something for everyone to consider as we are seeing stocks go crazy all around, slowy and steady can win the race and sooner than you might think. Figure out a strategy and stick with it. Good luck everyone! + + +EDIT: Just to be clear I know that sort of consistency is near impossible DONT think you can make 7.5% gains a day it’s not real sound strategy. The principles behind it are important especially for a lot of the new traders who have been lured in by mega gains. + + +10% a month, every 7.27 months you double. do that 10 times and you’ve made it. A million in 7 years. More than many have in a lifetime, keep things in perspective +In the past two maybe three years I got hooked on options trading (aka gambling). I ran up on AMD options back when it was $13-14 from $300 to $15K. Thought I was a god at trading and could just run it up to the millions. Clearly that's not what happened. I quickly lost all of it all and put more money in. To this date I probably lost around $25k maybe a little more (don't want to actually check and get depressed and kill myself :')). But finally I'm going to call it quits, I wasted the whole year's pay which for a 24 year old student is not much ($19k maybe), stuck in credit card debt and finally with some bad car troubles definitely need to stop gambling. It's been really fun reading posts on here and constantly checking stocks but I've deleted it all and just need to get fresh air. It's been fun guys, thanks for the ride. Others who are in the same boat, honestly, we have a gambling problem and just need to stop. We might hit it big but in the end if we keep going all the money disappears. Thankfully my debt is only about 3-4k which is a lot but manageable in probably a couple months of working and living frugally. Thanks guys. + +&#x200B; + +Edit: Somehow this gained a lot of traction and I got my first silvers on this, I guess losing money does have its perks (just kidding not actually), thanks homies and wish everyone the best! +In 2020 a basic fair set of requirements from a cryptobot is + +1. cloud based ( no need to deploy on your own server) +2. short selling should be possible +3. backtesting +4. technical indicators +5. good community/tutorials around it +6. i am not into grid bots(just my personal opinion) + +However to my amaze, the industry leading players are lacking some basic things. + +Would really appreciate if anyone can suggest crypto bots meeting these requirements. + + +Here are my observations + +Gekko bot, was my top choice. back then shorting was not possible. It is no longer maintained. + +Cryptohopper- shorting not available, backtesting available, good technical indicators available. + +3commas- shorting available, backtesting not available, less builtin technical indicators + +tradesanta- only 3 technical indicators, shorting possible, backtesting not possible. +(ML: Machine Learning, ANN: Artificial Neural Net) + +Alright, so I just went through some ANN codes I developed on Python and R; when I got my results for my stock market prediction, I do wonder if I can rely on these results to make decisions: + +1. I just used the most fundamental feature which is ***% of*** ***ROI*** for each day from several years; but from my POV, even if I do put in more data (e.g. sentiment features, etc.), how could an ML model predict the stock market correctly when there are just ***so many things that can change*** in its environment? +2. Suppose, even if it has 70-80% accuracy and used K-fold testing or whatnot, this is based on ***the data it's trained on - isn't this an artificial and risky conclusion?*** +3. And if we really want to believe the result, the investor ***really need to believe*** ***in the theory*** of "efficient market hypothesis" where it states past data can tell future data's performance? - as I progress through these ML methods, I am certainly more inclined that the market is based on the random walk theory, thus no correct pattern can be predicted in future? (because it (i.e. the ML results and the mechanism that gave the results) just doesn't make sense to me) + +I understand that ANN (regardless of its variance), uses "weights" to detect pattern from the dataset (the dataset can be anything from pictures, financial data, etc.); thus this is how ANN learns i.e. it goes through some iterations to update the weights until the error reaches some acceptable value. Once we understand what weights randomisation, local minima, gradient descent, the need to have very large data for training, etc., the trader may see the limits of MLs such as ANN, and I think the model alone is not enough (and expensive) to make the call for buying/ selling stocks? + +Or am I missing something here? +and how do you know when its time for your strategies to retire? Do you follow some % based draw down cutoff or shift weights between your strategies based on their performance? +# 🟩 The Next German Unicorn + +# 🟩 Real Company, Real Buybacks + +# 🟩 75% of all Tokens Locked + +# 🟩 Backed by 3 Companies + +&#x200B; + +**CBSL briefly explained**: CeBioLabs will develop enterprise solutions for the CBD and cannabis industry. The user fees for these systems and solutions can only be paid with CBSL! Our project is supported by 3 German companies that have a lot of experience in the field. We have a global expansion strategy and will serve the needs of this emerging market worldwide. + +&#x200B; + +**BscSCan**: [https://bscscan.com/token/0xbfb8f92e8f3a9034019ac97fd9f85c6dfb513834](https://bscscan.com/token/0xbfb8f92e8f3a9034019ac97fd9f85c6dfb513834) + +**Contract:** + +>**0xbfb8f92e8f3a9034019ac97fd9f85c6dfb513834** + +&#x200B; + +**We achieved this in a very short time:** + +* Listed on BitForex +* Listed on P2PB2B +* Listed on Pancakeswap +* Listed on CoinMarketCap +* Listed on Coingecko + +&#x200B; + +**Our CBSL Token is**: + +* Reviewed by Authorities +* Audited by German Law Firm regarding Regulatory Issues + +&#x200B; + +**Useful Links**: + +* Website: [https://cebiolabs.io](https://cebiolabs.io/) +* TG: CeBioLabs +* Twitter: [https://twitter.com/CeBioLabs](https://twitter.com/CeBioLabs) + +&#x200B; + +**What Is Cebiolabs?** + +CeBioLabs (CBSL) is a utility token to link blockchain technology to CBD and cannabis market players. The CBSL token will take over the B2B payment functions as a main part of the following systems: + +* Blockchain-based supply chain management system for cannabis and CBD products +* CBSL Marketplace: (Decentralized) Marketplace for CBD and Cannabis products and rights +* Blockchain-based Certificate of Authenticity platform for CBD and cannabis laboratory analysis + +Producers of cannabis and CBD products, traders and other stakeholders can use our paid blockchain-based systems. Companies can only pay the user fees for the innovative systems and solutions in CBSL tokens. This exclusivity is further reinforced by the global orientation of the solutions and makes the CBSL token the focus of activities. + +The CBSL token also has real benefits for private investors. The holders of CBSL tokens will be offered exclusive benefits in the numerous planned e-commerce projects. These can be discounts, free product samples or participation in exclusive events. + +A legal self-assessment in the form of an expert opinion was prepared for the CBSL token by a renowned law firm from Hamburg. This was submitted to the Federal Financial Supervisory Authority for review. + +&#x200B; + +**Why is CBSL Different?** + +* Registered German startup +* Regulatory verified token +* Legal Audit was drawn up +* Backed by 3 companies +* Company with real earnings +* Team of numerous experts +* Huge new market + +&#x200B; + +**Token Details**: + +* Token: CeBioLabs +* Ticker: CBSL +* Supply: 100M (75M Locked) +* Industry: Technology +* Features: Buybacks & Burns +* Network: Binance Smart Chain + +**Verified Contract**: [https://bscscan.com/token/0xbfb8f92e8f3a9034019ac97fd9f85c6dfb513834](https://bscscan.com/token/0xbfb8f92e8f3a9034019ac97fd9f85c6dfb513834) +I realize what I'm about to say may be unpopular, but I'd like to start a genuine discussion on this topic. I understand what is being said, when people repeat the not your keys...phrase, but if Bitcoin wants to grow up, we need to get past that for a multitude of reasons. Full disclosure, I hold small amounts of Bitcoin in a hardware wallet and I also have IRA funds invested in GBTC as well as some on Coinbase. + +Recently I've been talking to family members about investing in Bitcoin and I realize they have no business ever holding their own keys. I believe they are far better off using something like Paypal, Coinbase, Robinhood or investing through GBTC/OBTC etc. These people are smart and educated but older and not that tech savvy. + +Almost daily I see a post here from someone that has managed to lose their coins in any number of ways. Yet, also daily I see comments advising not to use Paypal/CashApp/RobinHood or Coinbase to hold Bitcoin. Having a 3rd party do the custodial duties is actually a valuable service to the majority of people. I know it's popular here to use hardware wallets and protect the seed words, but how will people handle that when they start to get dementia? I'm wondering what I will do in a decade or 3 when I may not be as sharp as I am today. I believe insured custodial services are the future for the vast majority of future Bitcoin users and we shouldn't discourage their use. +Previously in my post on Hedgefundie's 55% UPRO 45% TMF portfolio I got a lot of criticism for recommending it's lower leverage cousin NTSX over VTSAX. I decided to write a quick post about this newly issued fund and why I'm recommending an investment in NTSX over VTSAX for FIRE. + +# What is NTSX? +[NTSX is a 1.5x leveraged 60/40 fund investing directly in the S&P 500 and uses intermediate term treasury futures.](https://www.nasdaq.com/articles/from-60-40-to-90-60%3A-ntsx-on-portfolio-allocation-2021-04-16) + +Essentially it is a 90% stock, 60% intermediate term US treasuries leveraged fund. It has performance similar to VTSAX/VOO but with slightly less risk. + +NTSX holds it's 90% stock position fully paid along with 10% of intermediate term US treasuries. It gets the rest of it's treasuries leverage through treasury futures. + +NTSX's duration risk is 7.0 years. + +[Read over NTSX's excellent FAQ as well for more information on this fund.](https://www.wisdomtree.com/-/media/us-media-files/documents/resource-library/wisdomtree_ntsx_faq.pdf) + +NTSX re-balances quarterly with additional re-balancing bands at 5%. + +Vanguard banned ALL leveraged ETFs except NTSX. NTSX is the only leveraged ETF you can buy at Vanguard. This is a powerful statement made by Vanguard in terms of Vanguard's views for NTSX's suitability for investors. + +# Backtesting Limitations + +Portfolio visualizer's CASHX is 1 month Treasury Bills 1972+. So it is modeling actual interest rates. It is not modeling any additional borrowing costs though so it overstates the final balances a bit. There will be a markup to the 1 month Treasury Bills 1972+ of roughly at least 75 basis points for IBKR or ~35 basis points for institutional borrow rates which these back test results are missing. You will need a pro level subscription if you want to view and model these results by charging an annual fee of 35 basis points to the leveraged portfolio. + +I'll be simulating NTSX's immediate term treasuries with SPY and IEF. Then for earlier back tests VFINX, VFITX, VTSMX. + +Treasury futures can also move a bit differently than a treasury bond fund due to [convexity](https://www.investopedia.com/terms/c/convexity.asp). You're only trading one bond issue in the futures contract while a bond fund has different issues with different maturities and different duration that the bond fund can pick and choose when to sell. So these back tests may not be as accurate compared to NTSX's actual holdings. + +NTSX's duration risk is 7 years so that is why I'm fine with just using intermediate term US treasuries. + +NTSX also mixes in a small percentage of 3 year US treasury futures which I did not do in these back tests for simplicity. + +NTSX also re-balances quarterly with additional 5% re-balancing bands. Portfolio Visualizer forces me to pick either quarterly re-balancing or percentage based re-balancing bands. There is no way I can combine both of them. This is why I decided to choose monthly re-balancing. + +It also goes without saying past performance doesn't guarantee future performance. + +# Is it possible for the strategy to break? + +It's written in NTSX's FAQ: +>Despite its use of accounting leverage, it is not possible for NTSX to incur losses in excess of its principal. + +# Back tests +[Sep 2018 - Current NTSX vs VTSAX entire history](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=100000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=true&portfolioName1=NTSX&portfolioName2=VTSAX&portfolioName3=Portfolio+3&symbol1=NTSX&allocation1_1=100&symbol2=VTSAX&allocation2_2=100) +> NTSX $100,000 -> $158,278 +> CAGR: 18.17% Stdev: 16.44% Max Drawdown: -14.63% +> VTSAX $100,000 -> $152,72 +> CAGR: 16.65% Stdev: 20.22% Max Drawdown: -20.87% + +[2003 - Current Simulated NTSX vs VTSAX entire history](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=100000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=true&portfolioName1=Simulated+NTSX&portfolioName2=VTSAX&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=90&symbol2=IEF&allocation2_1=60&symbol3=VTSAX&allocation3_2=100&symbol4=CASHX&allocation4_1=-50) + +>Simulated NTSX $100,000 -> $863,477 +>CAGR: 12.42% Stdev: 12.42% Max Drawdown: -42.08% +>VTSAX $100,000 -> $745,431 +> CAGR: 11.52% Stdev: 14.74% Max Drawdown: -50.84% + +[1993 - Current Simulated NTSX vs VTSMX entire history](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=100000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=true&portfolioName1=Simulated+NTSX&portfolioName2=VTSMX&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=90&symbol2=VFITX&allocation2_1=60&symbol3=VTSMX&allocation3_2=100&symbol4=CASHX&allocation4_1=-50) +>Simulated NTSX $100,000 -> $2,246,444 +>CAGR: 11.57% Stdev: 13.00% Max Drawdown: -43.22% +>VTSMX $100,000 -> $1,670,033 +> CAGR: 10.42% Stdev: 15.05% Max Drawdown: -50.89% + +I cover more back tests in just a minute. Also feel free to play around with these links for back test dates and change parameters. I'm not going to spoon feed everyone over every possible period and yes I will be covering 2000 and 2007 start dates. Just hold on a minute. I want you to really think about these initial results first, as people were insanely disappointed with the first back test result. + +# Are you disappointed with these results? + +When I look at these results I am very excited. NTSX is getting a bit higher CAGR and less risk than VTSAX. + +However, many people are really disappointed by these results. One person was very disappointed by the very first back test (Sept 2018) and they decided to invest in VTSAX instead. I am very impressed that NTSX is getting a 18.17% CAGR with a lower Stdev of 16.44% vs VTSAX 16.65% CAGR and Stdev of 20.22%! + +Take a few minutes to think about what these above back tests are showing. Are you disappointed in them still? + +# What about when we withdraw for retirement? + +NTSX is barely winning over VSTAX for growth and safety. They're getting 1% more over VTSAX. However, just getting that extra bit of growth and safety tells a different story. Whenever you analyze portfolios you should look at both contribution portfolios and **withdrawer portfolios.** + +Let's jump to a few worst case scenarios. Each scenario is $1 million dollars withdrawing 4% SWR at $3333 a month. + +[Retiring in 2007 - current. $1m withdrawing $3333 a month inflation adjusted withdrawer portfolio.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2007&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=3333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=true&portfolioName1=Simulated+NTSX&portfolioName2=VSTAX&portfolioName3=60%2F40+unlevered&symbol1=SPY&allocation1_1=90&symbol2=IEF&allocation2_1=60&allocation2_3=40&symbol3=CASHX&allocation3_1=-50&symbol4=TLT&symbol5=VTSAX&allocation5_2=100&allocation5_3=60) + +> Simulated NTSX $1,000,000 -> $3,016,741 +> VSTAX $1,000,000 -> $2,146,910 +> 60/40 unlevered $1,000,000 -> $1,818,304 + +[Retiring in 2000 - current. $1m withdrawing $3333 a month inflation adjusted withdrawer portfolio.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2000&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=3333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=true&portfolioName1=Simulated+NTSX&portfolioName2=VTSMX&portfolioName3=60%2F40+unlevered&symbol1=VFINX&allocation1_1=90&symbol2=VFITX&allocation2_1=60&allocation2_3=40&symbol3=CASHX&allocation3_1=-50&symbol4=TLT&symbol5=VTSMX&allocation5_2=100&allocation5_3=60) + +>Simulated NTSX $1,000,000 -> $1,701,828 +>VTSMX $1,000,000 -> $591,390 +>60/40 unlevered $1,000,000 -> $1,185,771 + +For year 2000 $40k a year is now $62k a year after inflation. You're still at 3.6% withdrawals with Simulated NTSX. You're quite safe and comfortable. + +You're on a crash course with VTSMX/VTSAX with 10.5% annual withdrawals. Will you make it another 9 years for a 30 year retirement? It might be time to go back to work if you haven't already done so in 2009! + +In 2009 VTSMX had a low point of $328,000. I'd be questioning going back to work in such a situation. + +60/40 unlevered is not sitting well at 5.2% withdrawals. (I wish Portfolio Visualizer had a stock/bond glide path option to explore unlevered strategies better!) + +I'm a lot more excited to see an outstanding difference simulated-NTSX makes here! That extra safety and extra return with simulated NTSX is really paying off. + +This is why I recommend that NTSX may be a great investment alternative for someone who desires 100% stock risk. It's possible that you may be able to withdraw at 4% SWR on an investment in retirement on NTSX while with VSTAX you're probably going to be a lot more safe with a 3% SWR. + +The extra safety of NTSX for a withdrawing portfolio helps out a lot. If you desire to withdraw on NTSX then you should probably invest directly in NTSX for your taxable account allocation so you don't realize a lot of capital gains in transferring over to NTSX later on. Yes these leveraged ETFs qualify for long term capital gains if held for over a year despite a recent MarketWatch article suggesting otherwise. + +Of course, in tax-advantaged retirement accounts feel free to change investments from growth to more security as that's one greatly overlooked benefit for FIRE - the ability to change your portfolio without incurring substantial capital gains. This is why we max out our tax advantage accounts first! + +After going through this work I've chosen NTSX over VTSAX for my fund to de-risk in from Hedgefundie's Portfolio. + +# TL;DR + +NTSX and Chill is an excellent investing strategy for FIRE for those who desire 100% stock risk. You can possibly withdraw 4% SWR safely with NTSX in several cases that would be failures for 4% SWR for VTSAX or possibly the unlevered 60/40 portfolio. You would have to use the recommended 3% SWR with VTSAX or the traditional 60/40 portfolio. + +Being able to withdraw at 4% SWR will greatly speed up your FIRE date. If you desire $100k of income you only need $2.5 million on NTSX compared to $3.3 million for a safer 3% SWR on VTSAX. NTSX will grow a bit quicker with a bit less risk, speeding up your FIRE date. + +# Edits +[1957 back test of simulated NTSX in response](https://www.reddit.com/r/financialindependence/comments/o9proo/the_case_for_ntsx_and_chill_instead_of_vtsax_and/h3gvjxl/?context=3) to /u/throwaway81606's excellent post providing a spreadsheet and data for back testing NTSX. + +# New Stuff - 7/6/2021 +[1970 NTSX vs SPX 4% SWR Case Study Comment](https://www.reddit.com/r/financialindependence/comments/o9proo/the_case_for_ntsx_and_chill_instead_of_vtsax_and/h4bk54k/) + + +**Fact #1: The stock market manipulation is taking place in the Dark Pools and shorting is the main tool.** + +**Fact #2: Dark Pools are the same as Alternative Trading Exchanges. Data from the ATS exchanges is the source of Dark Pool data.** + +**Fact #3: Stock volume** **in Dark Pools can be used to calculate a** ***“Dark Pool Rate”*** **.** + +**Fact #4: There is a strong correlation between the dark pool rate and the stock price manipulation.** + +**Note: The raw data is obscure and generally unavailable.** **I will cover that exact calculation in a later post.** + +**Dark Pool Rates are predictive of** **stock price** **manipulation.** + +**Dark Pool Rates for EVFM and** **stocks I am watching:** + +These are the rates over the last two months. + +&#x200B; + +https://preview.redd.it/kqvixjjg2rg91.png?width=615&format=png&auto=webp&s=1a5b3dd60c3ed42474ed0d31180231dd20fa58b1 + +When the rates are higher, dark pools are holding the stock price down. + +Is anyone else calculating and using Dark Pool Rates? +I'm not here to get into FUD or who said what or who was right or who was wrong... + +**WHO CARES?** + +In ANY group of INDIVIDUALS, there will be differences of opinion. + +These differences, do not need to divide us. + +**COLLECTIVELY** as **INDIVIDUALS** can we take a moment to remember why we are all here? + +Look at the journey each of **YOU** has undertaken!! + +It is likely different for each and every one of you! + +* OG APES +* JAN APES +* FEB APES +* MAR APES +* APR APES +* MAY APES +* JUNE APES +* JULY APES +* AUG APES +* n00b APES!! + +It doesn't MATTER! + +BECAUSE why you are here at a BASE level is the same for all of us! + +**I like the Stock** + +**You like the Stock** + +RC is a sexy genius playing 4D chess and DFV is a beautiful soul that has guided a bunch of idiots towards a better world. + +Hedgies have been fucking us over for decades and it's time we put a stop to that shit. + +**IS THERE ANY APE HERE WHO DISAGREES WITH THAT?** + +I'm guessing not... so instead of bitching about FUD shit... how about we take a moment to appreciate the Ape next to you. + +Who cares if they are slightly different in their approach, or opinions... + +Who cares what they said, or if they were right about something or wrong about something. + +**THEY STILL LOVE THE STOCK AND THEY ARE STILL PART OF THIS JOURNEY.** + +They are part of what got **YOU** here just as **YOU** are part of what got them here. + +&#x200B; + +As **INDIVIDUALS** we have grown, we have learned, we have held through all the shit, and despite some of the most powerful entities in the world against us, we have not **BACKED DOWN!** + +&#x200B; + +When MOASS comes, this petty shit won't matter because **EACH** and **EVERY** one of **YOU** is going to have an account **FILLED** with Phone Numbers! + +It is likely the media will paint us as some cult that caused a global economic collapse. + +But **EACH of YOU** will know the truth. + +**EACH of YOU** will have been part of this. + +And... **EACH of you** will be able to turn to your Brother and Sister Apes and Apettes, and find that **COMMON UNDERSTANDING** of what **REALLY** fucking happened. + +**YOU ARE PART OF SOMETHING HUGE - AND THE REWARDS (BOTH MONETARY AND OTHERWISE) ARE COLLOSAL.** + +This is what I personally wake up thinking about every day. + +&#x200B; + +**CAN WE TAKE A MOMENT TO APPRECIATE THIS?** + +Apes TOGETHER fucking UNSTOPABLE! +President Bukele just announced that he is implementing a national wallet in September called “chivo” (means cool in Salvadoran slang) + +The government is giving 30 usd to anyone that creates an account, by law you will have to accept BTC as a company... but the wallet let’s you convert the BTC to usd immediately. + +He mentioned there will be two types of wallets... one for the people and one for companies. + +Apparently the wallet also is compatible with other Bitcoin wallets... + +You will be able to pay taxes with BTC... except you won’t need to pay taxes for the BTC you hold. + +Foreigners who come to invest in crypto in El Salvador will be granted permanent residency and will not have to pay taxes for the crypto they invest in. + +source:- https://www.reddit.com/r/CryptoCurrency/comments/o7fd3t/a_salvadoran_update_on_btc/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Long story short, I got into a bit of trouble (I disagree with them religiously), and now they don’t really want anything to do with me. I’m moving out in January for college—originally they were going to help me pay for it but obviously they will no longer be helping me. Thankfully they’re letting my stay in their home until I move out. +I work 2 part time jobs but I really only get around 10ish hours a week bc scheduling at both places is horrible. +My parents have helped me with everything up until this point (car payment, insurance, phone bill, groceries, etc). I have college tuition pretty much handled bc my grandpa gave me a savings fund (not too much money, but should probably cover it for around 2ish years). +I’m actually pretty excited to be starting life for real, although I wish it would’ve happened on better terms with my parents. +Does anyone have any advice for me? My mom literally used to do my laundry for me prior to this because she thought I “would mess up” if I did it myself. And now I have to pay all of my bills and rent and stuff, so although I’m excited I’m pretty much terrified as well. Literally any tips or advice would be so much appreciated. I want to do this the right way! +We must ban together and not let our gains be taken from us. Come brethren, let us unite to defeat our evil nemesis, Lord FOMO. No selling, stay strong! Hold the line! +https://blockchain.info/unconfirmed-transactions + +4:07pm EST 5/16/2017 Bitcoin hit 200,000 unconfirmed transactions, its highest yet, and is continueing to rise. + +https://bitcoinfees.21.co/#fees +As of right now the average transaction fee is, 0.0000039 BTC/byte with average byte size 226byte, resulting in average fee of 0.0008814 BTC or $1.56 each. + +I can haz flippening now? +Hello pennypeople, this is my 2nd DD :) + +[Last one](https://www.reddit.com/r/pennystocks/comments/lcpdsj/stock_with_great_upside_potential_abeo/) is up 38% in 2 trading days! + +The company I looked at is **Kintara Therapeutics** + +Market cap is only **$51.79m**! + +&#x200B; + +**ABOUT** + +**Kintara Therapeutics** ($**KTRA**) is a clinical stage drug development company. They focus on developing and commercializing anti-cancer therapies to treat cancer patients. They are developing two late-stage, Phase III-ready therapeutics, including VAL-083, a DNA-targeting agent for the treatment of drug-resistant solid tumors. + +**Catalyst** + +[Q1 data announcement on](https://scr.zacks.com/News/Press-Releases/Press-Release-Details/2020/KTRA-VAL-083-Poster-Updates-article/default.aspx): + +* MGMT-unmethylated newly diagnosed Glioblastoma Multiforme +* MGMT-unmethylated Recurrent Glioblastoma Multiforme + +https://preview.redd.it/t2ti8d0wfgg61.png?width=1757&format=png&auto=webp&s=2f23512d14cea67394261d4d8ccdf5d6d19d4c19 + +Kintara is completing **multiple** Phase II trials for VAL-083 to treat **brain cancer**, one of the most difficult malignancies to address. VAL-083 has several features that make it particularly appropriate for GBM, including its ability to cross the blood-brain barrier and its mechanism of action which introduces irreversible DNA crosslinks that are not easily overcome by MGMT repair enzymes. + +&#x200B; + +https://preview.redd.it/vzw6xl4jkgg61.png?width=1153&format=png&auto=webp&s=2284db49601803f80d75c95fda1d5aafeac3a0d1 + +No one is even talking about this company so if it gains some momentum the price target is quite fair. + +They also have an **earnings call on 11th**. + +&#x200B; + +**Financials** + +* Market cap $51.79m (low market cap shows potential for price growth) +* Avg volume: 736.61K +* Shares outstanding: 24.66M +* Short interest 154.88K +* Public float: 18.24M + +At September 30, 2020, the Company had cash and cash equivalents of approximately $22.6 million. In August 2020, the Company completed the private placement of Series C Convertible Preferred Stock for gross proceeds of approximately $25 million, or net proceeds of approximately $21.6 million. The cash and cash equivalents at September 30, 2020, along with the proceeds from warrant exercises received subsequent to September 30, 2020, are expected to be sufficient to fund the Company's planned operations into the fourth quarter of calendar year 2021. For the quarter ended September 30, 2020, the Company reported a net loss of approximately $19.5 million, or $1.33 per share, compared to a net loss of approximately $1.6 million, or $0.21 per share, for the quarter ended September 30, 2019. The increase in the current quarter was largely due to the recognition of $16.0 million of non-cash expenses related to the acquisition of in-process research and development costs associated with the Adgero transaction. + +**PRICE TARGET** + +The average price target is $5.75 with a high forecast of $7.00 and a low forecast of $5.00. The average price target represents a **273.8% increase** from the last price of $2.10. + +**Analyst target:** KTRA has a rating of **buy** on marketbeat, yahoofinance, marketwatch. + +**Their Platform Strategy** + +"Our platform strategy is built on a robust understanding of cancer biology. We use modern approaches in our laboratory studies to determine where we can solve problems in the treatment of drug and immune resistant cancer. + +Our team has identified niches in the continuum of care where our therapeutic may address an unmet need. By showing that our treatments are active where others fail, we can implement clinical studies to demonstrate that our therapies may have the ability to improve patient outcomes." + +Sources: + +[https://www.kintara.com/about](https://www.kintara.com/about) + +[https://finance.yahoo.com/quote/KTRA?p=KTRA](https://finance.yahoo.com/quote/KTRA?p=KTRA) + +[https://www.nasdaq.com/market-activity/stocks/ktra/insider-activity](https://www.nasdaq.com/market-activity/stocks/ktra/insider-activity) + +[https://www.marketwatch.com/investing/stock/ktra/analystestimates?mod=mw\_quote\_analyst](https://www.marketwatch.com/investing/stock/ktra/analystestimates?mod=mw_quote_analyst) + +[https://www.biopharmcatalyst.com/calendars/fda-calendar?#](https://www.biopharmcatalyst.com/calendars/fda-calendar?#) + +&#x200B; + +My position: 6.2% of portfolio @ 2.06 + +NB! I'm not a financial advisor. This is for gambling purposes only + +&#x200B; + +**EDIT: If you can get an entry below 3 ur a lucky bastard** :D + +Good luck on withdrawing profits and rejecting all the women who are after your money! +Hi all, + +I'm debating between these two portfolios as someone in their early 20s. + +XAW ~ 70% +XIC ~ 10% +TEC ~ 20% + +OR + +XEQT ~ 70% +TEC ~ 30% + +Am I splitting hairs or is there logic in choosing one over the other? I'm currently around 90% XAW and 10% XIC but I want more tech exposure. + +Cheers. +Do you recommend that I start investing through and individual account then as my portfolio grows I create an LLC and LLC brokerage account and transfer all my stocks to that account and invest through the LLC? +Guten Morgen to this global band of Apes! 👋🦍 + +Last week was intense for many Apes, as an immense number of shares were shorted, a great deal of FUD was deflected, and a surge of DRS provided a purple backdrop to it all. This weekend, additional news of Evergrande's default and the possible ties to the massive drops in digital currency seems foreboding. + +Apes, I don't think we've yet seen the worst of it. Yes, there has been quite a lot of short attacks and FUD recently, but until we see full-on 'Scorched Earth'-level of FUD, I don't think we're there. Remember the core of what is important: GameStop is a great company, with great leadership set to revitalize its existing business and pioneer an entirely new marketplace. There are institutions who bet *hard* against GameStop, and have a massive short position that they must close. Their short position is far above the float of GameStop, so every Diamantenhänded Ape who HODLs instead of selling will drive the cost to close their short positions to astronomical levels. + +They will do anything to prevent that from happening. Buckle up, because it's going to get messy. DRS is the best way to ensure that you have complete control of your shares. + +Today is Monday, December 6th, 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: **$171.72 / 152,09 €** *(volume: 3998)* +- 🟥 115 minutes in: $171.67 / 152,04 € *(volume: 3841)* +- 🟥 110 minutes in: $171.76 / 152,12 € *(volume: 3743)* +- ⬜ 105 minutes in: $171.85 / 152,20 € *(volume: 3721)* +- ⬜ 100 minutes in: $171.85 / 152,20 € *(volume: 3711)* +- 🟩 95 minutes in: $171.85 / 152,20 € *(volume: 3686)* +- ⬜ 90 minutes in: $171.65 / 152,03 € *(volume: 3600)* +- 🟥 85 minutes in: $171.65 / 152,03 € *(volume: 3569)* +- ⬜ 80 minutes in: $171.76 / 152,12 € *(volume: 3508)* +- 🟩 75 minutes in: $171.76 / 152,12 € *(volume: 3506)* +- ⬜ 70 minutes in: $171.65 / 152,03 € *(volume: 3475)* +- 🟥 65 minutes in: $171.65 / 152,03 € *(volume: 3392)* +- 🟩 60 minutes in: $171.72 / 152,09 € *(volume: 3285)* +- ⬜ 55 minutes in: $170.93 / 151,39 € *(volume: 3016)* +- ⬜ 50 minutes in: $170.93 / 151,39 € *(volume: 3015)* +- 🟩 45 minutes in: $170.93 / 151,39 € *(volume: 2840)* +- 🟥 40 minutes in: $170.85 / 151,31 € *(volume: 2831)* +- 🟥 35 minutes in: $171.30 / 151,71 € *(volume: 2581)* +- 🟥 30 minutes in: $171.75 / 152,11 € *(volume: 2238)* +- 🟩 25 minutes in: $172.51 / 152,79 € *(volume: 1905)* +- 🟥 20 minutes in: $172.34 / 152,64 € *(volume: 1680)* +- 🟥 15 minutes in: $172.75 / 153,00 € *(volume: 1389)* +- 🟩 10 minutes in: $174.02 / 154,12 € *(volume: 979)* +- 🟥 5 minutes in: $173.26 / 153,45 € *(volume: 299)* +- 🟩 0 minutes in: $173.29 / 153,48 € *(volume: 168)* +- 🟥 US close price: $172.39 / 152,68 € *($172.00 / 152,33 € 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 1.1291. 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! +What are the best places to purchase land or plan to live? + +I’ve regularly heard the Great Lakes region come up as a good candidate for climate resiliency. + +What about outside the US? +I recently bought a larger house in London and will start the renovation process soon. One of the features I am thinking of is a separate room/ studio for a live-in help that will clean, cook and help with the kids. + +I never had staff living with me before. Do they eat with you at the dinner table or should I set up their own kitchen and dinner table for them to cook for themselves? + +And besides the lack of privacy, are there any other downsides you have experienced? +Hi ETHTRADER! + +I have held quite a reasonable amount of ETH/XRP/SC since 2016 but I have come into a further $6500/£5000 and would like to make a further investment. + +Please can you let me have your thoughts over which coins you would consider investing in either to increase my holdings or diversify my portfolio? + +Thanks +We all know real estate is a safe, long time horizon business. Basically, you can get rich, it will just take a long time. I'm quite surprised as to how some developers such as Stephen Ross became billionaires from the real estate business? I have the impression that someone, starting from (almost) $0, can get to dozens of millions from real estate.. and that billionaires are usually built if 1) you build another kind of business or 2) you invest in real estate through multiple generations (family business) or 3) you get really lucky with early investments, such as what happened with Asian families whose city properties skyrocketed in values over the last few decades. But how did Stephen Ross and the like, while living in a non-explosive growth country like the US- build up a billion dollar company? +On Interactive Brokers I found information only for withholding tax on dividends for US and Canadian stocks, and also for French stocks. For US and Canadian stocks the taxation is according to the double taxation treaty. + +But when you buy stocks from France you should do additional paperwork and pay fees to the tax consulting company in order to get back some of the overpaid tax. + +>In the event you hold a position over the ex-dividend date, your dividend may be subject to withholding tax. Shares held with Interactive Brokers LLC are held in street name. For dividends on stocks traded in the United States, IBKR is a withholding agent. This means, that when allocating the dividend, IBKR will apply the applicable treaty rates as outlined by the Internal Revenue Service (IRS).For dividends on stocks traded outside of the United States, the tax is applied by our clearing agent prior to receipt. In such a case, all dividends are paid using the US tax treaty rate and clients will be unable to take advantage of any country specific rates which may exist.Clients should consult with a tax advisor for assistance in making a claim for a tax refund on a dividend. +> +>As outlined in the customer agreement, IB holds all shares in street name. For this reason the rate between the dividend paying country (France) and the receiving country (IB LLC US) is 30%. + +This is wrong. According to the tax treaty between US and France the tax rate is lower than 30% (for example, when US resident holds French stock and receives dividend). The 30% is for "other" cases (this is the maximal tax rate). + +[https://ibkr.info/article/3046](https://ibkr.info/article/3046) + +>On French stock dividends, IB can facilitate the process of dividend tax reclaim. To reclaim taxes you are required to complete Forms 5000 and 5001. Please return the completed forms to IB initially as an attachment to an Inquiry Ticket. Upon receipt, IB will review the forms and confirm if they can be accepted. Once reviewed, the original forms should be sent to:Interactive Brokers UK Ltd Att. Esther and Heinz Gotthardstrasse 3 CH-6301 Zug Switzerland +> +>Please note that an external fee of 125 EUR per each dividend is charged by Euroclear for processing the reclaim. This fee is charged regardless of whether the refund is successful or not. + +Trading212 answered my questions only about US stocks. When I buy US stock from their platform dividends will be subject to 15% withholding tax (the tax treaty between my country and US says 10% tax rate for dividends). They did not answered to my questions about withholding tax on dividends from stocks in other countries. + +eToro say on their site: + +>We will apply the default rate of taxes applied by the relevant tax authorities + +They did not answered my questions. + +My question to Interactive Brokers (no answer so far): + +>I found this information on your website: "For dividends on stocks traded outside of the United States, the tax is applied by our clearing agent prior to receipt. In such a case, all dividends are paid using the US tax treaty rate and clients will be unable to take advantage of any country specific rates which may exist." +> +>However, it is contradictory to the information that dividends from French companies are subject to 30% withholding tax ("For US residents the French Withholding Tax is 30%"). +> +>I expected to see 15% because such percent is listed for US here ( taxsummaries pwc com/france/corporate/withholding-taxes ). +> +>Can you provide me with information about withholding tax rates applied by your clearing agent prior to receipt? I found information about withholding tax rates only for US, Canada and France on your website. +> +>This information is needed in order to make a decision to use your platform for some stocks outside US and Canada. Because other trading platforms may provide better withholding tax rates for some stocks. + +My question to eToro: + +>I read in "ADDENDUM TO TERMS AND CONDITIONS FOR SECURITIES TRADING": "As we will hold your Securities in one or more pooled accounts, you may receive dividends or distributions net of applicable taxes which has been paid or withheld at rates that are less beneficial than those that might apply if the Securities were held in your own name or not pooled" Can you give me information about the tax rates applied when using your platform? This information is specific to your trading platform, so no one else can give me this information (the tax rate is specific to the custodian holding the shares). +> +>I am tax resident in Bulgaria (if this makes a difference in some cases). + +They said: + +>We have forwarded your inquiry to the relevant department and we will get back to you shortly with an update. + +Trading212 (not) answered to my questions this way: + +>**We are not authorized to provide tax information.** We can provide a yearly tax statement which has your transactions over the past year. The W8-Ben certificate that my colleague was referring to is applied to dividends issued by US-based documents automatically - they are taxed 15% instead of 30% as they would otherwise. There is no way to avoid paying this tax on our platform. In regards to your question about tax exemption, please refer to your tax authorities as they can provide this information. + +Maybe the best way to buy stocks from certain countries is to use ETFs. Because they can use economies of scale to reduce the costs to deal with applying the lower tax rate on dividends according to double taxation treaties between the country where the company is and the country where the ETF is domiciled. My country have better double taxation deals in some cases, but some tax reduction is better than none. + +What do you think? Are there trading platforms with more favorable taxation on dividends or the best way to apply lower tax rate is to use ETF? Or services like GlobeTax? + +Does your trading platform provide better taxation on dividends than others? + +Edit: what's the deal with the **Germany domiciled ETFs**? Who buys these instead of Ireland or Luxembourg domiciled ETFs? How they are taxed with withholding taxes on dividends? +I have an opportunity to take a job in Netherlands. No clue about the salary. what is a good salary for 10yr experience & a MS in the materials field. It is a senior position and technical in nature. will 60k gross be too much? +Our country is on lockdown and we cannot leave our place. It isn't advised either and we've been confined for well over a week now. We've been saving for years and have been waiting a bit to buy because the market was slowing its growth where we wanted to buy... now we have two accounts well over the coverage of 100k€ and we are literally shitting our pants. Each of us have the account at a different bank, and the banks are the 2 "strongest" in the country. If these banks go bust, the whole country economy is fucked but... can they just cut it at the 100k€, after all if there's such a limit it's because ... well... something like this could happen, right? How serious would you be about this? We're literally fighting about wether we should go out and try to open a diff bank account. We've checked at online bank systems but we assume we cannot do transfers above a certain amount. What would you do? How concerned would you be? + +Been living like hermits for years to end up like this ffs +We are working couple from Germany. We save around 4k per month and invest most part into world ETF and rest sits in the bank. +We stay in a rental apartment and in near future want to have kid too. + +Should I check and invest in real estate also? The prices looks so high for me so I never bothered. But with mortgage this becomes easy to take leverage. + +Any advice on how to think about real estate investment would be welcome. Thanks. +Citadel has a certain price they are margin called at. Say for intensive purposes that’s $300 as of right now. They have 1:8 leverage at the moment so for every 1% there portfolio goes down, it goes down 8% s&p 500 is taking a beating with most stocks down 4-5%. So citadel has to beat the price down 32-40% to stay within margin requirements which requires more shorts and more rocket fuel. I don’t think they necessarily want to knock down GME with more shorts but they have to. Or they die. They can make their margin call price higher by gaining money. For the wrinkled brained apes I’d suggest looking at what citadels purchased on the put side. Obviously citadel knows when sell offs happen and can hedge because they have a de facto duopoly on the stock market. As both a MM and a SHF + +Citadels optimum play is to play the options hedge. I.e force max pain week after week. They are unable to do that. Which should jack your tits. + +that’s my two cents on why we have seen such a violent drop and may continue to see based off the volitility of the s&p 500 + +Cheers, have a great weekend folks +It’s Friday, spring is popping up in the northern world, and I’m starting to plan my fall trips! + +Would love to hear everybody’s favorite places to eat and drink so maybe I can stop by on my next trip. + +Where do you like to indulge? + +I’ll go first: + +Odette - Singapore + +Fort Ruger Market - Honolulu (IMO, the best poke on the island) + +Nihinryori Ryugin - Tokyo + +Oiji - NYC + +Shabu shabu zen and sake bar - Palm Springs + +El Fogon - Playa Del Carmen + +Single Thread - Healdsburg + +Crocker & Starr winery - St Helena + +Small Vines winery - Sonoma + + + +Like the title says, I have a line of credit worth $100k @ 2.2%, and am approved for a limit increase to $350k. For some background I am in my late 20's, single, rent a house, cheap monthly car lease payment. Current income is around $80-85k/yr. When I finish my medical training in a year and a half this income will go up. + +I know borrowing money to invest is a controversial topic. I'm kicking myself for not mobilizing it into the market 4 years ago when I initially got it, but I also had a lower income and was less comfortable with investing. I spoke with a financial advisor but didn't get much useful advice for what its worth. + +My question is given the very low interest rate, current market environment and my own situation, I'd like to hear some thoughts on how you would try and take advantage of this line of credit, if at all? Appreciate any input + +edit: I should add that I've fully contributed to my TFSA + +(not Yoloing into GME or AMC). +I recently headed over to r/BTC and r/Bitcoin to see what new developments they have coming up, if any, all they talk about is people paying high fees af, slow transactions, block size debate and shit news about China. I just can't believe 1 bitcoin is worth approx. 1 thousand USD and ETH with all its capabilities is worth around 11.25 USD. What gives? When can we see better price parity? +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! + +I recently headed over to r/BTC and r/Bitcoin to see what new developments they have coming up, if any, all they talk about is people paying high fees af, slow transactions, block size debate and shit news about China. I just can't believe 1 bitcoin is worth approx. 1 thousand USD and ETH with all its capabilities is worth around 11.25 USD. What gives? When can we see better price parity? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Evergrande total debt is $300bn - thats what they issued - + +Remember - Evergrande went to Chinese banks, issued bonds, then used proceeds to build a city, do this for 5 years - The cities were empty "Ghost Cities" and now someone has to pay - (FYI Evergrande had some big tourist spots that died During the shut downs and this Ironically screwed them) + +Over the last 5 years these bonds were sucked up by institutions around the world - (I don't have the time right now, but UBS, GS, you name it, a lot of these guys are in there) + +Today the bonds trade around 30 cents on the dollar - F#k me... So the $300bn is really worth less than $100bn - thats right - If Evergrande bonds are trading at 30 cents on the dollar then $200bn has been wiped off the bond mkt value - + +You guys thought Archegos was big? Archegos was $5-20bn and Evergrand bond's are down $200 bn currently - this is bigger than big, put ur neck brace on - + +EDIT + +[https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143](https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143) + +Any Ape with blomberg access go to the bond and get holdings "HLDS" - lets dig deeper and see who owns these sucker lmayo + +moon soon - +I have about $240,000, more or less, in savings. Also, I have stage 3A lung cancer and, at the age of 52, I am not likely to outlive my savings. Under the circumstances, annuitizing my savings seems like a really bad idea. What would the FI people do iin my situation? +Things I have personally found are as good as / better than more expensive brands: + +* Sainsbury's laundry detergent +* The Ordinary skincare products + +Any/all daily products welcome (groceries, household cleaning products, skincare, etc). +First of all: I'm in Denmark, so while cool, and a milestone to me, a million is nothing to shout about. +My question/worry is this: I have thought that we are in a bubble for a couple of years now, and a lot of people think the same thing, so I have been buying stock only slowly and saving up a lot of cash. But the cash gets only between 0 and .9 percent interest in the different accounts. Obviously, a correction is going to come sooner or later, but I am worried that if I am wrong about it being soon, I could miss out on stock that I should have bought. +I don't want to tie up the money, and I have no interest in real estate, so how do you play this? Are you just happily using the dollar cost averaging method, regardless of the supposed bubble? +Index ETFs are the way to go and they’re getting more and more popular, but I was thinking.. are we creating a monster? + +If you look up pretty much ANY company on the S&P500, the largest holders are ALWAYS Blackrock and Vanguard. Are there any implications to this? Does this give Blackrock/Vanguard some degree of influence over those companies as their largest shareholder, or does it privy them to some sort of inside information across industries/sectors which would advance their own agendas? + +I can’t help but feel there must be some sort of downside to 1-2 companies owning the largest holdings of all the most powerful businesses in the world. Or is this just a crazy paranoid/NWO/Rothschild/conspiracy idea? + +EDIT: To be more clear: i’m talking about concentration of power, i’m talking about Jack Bogles quote before he died about effectively, “too many shares, in too few hands” and how it would lead to control of the market and NOT serve the public. Let’s keep in mind these companies also own active funds and have actual voting power in these companies. I don’t know what to do because I love and own XEQT. + +LINK: https://www.bloomberg.com/news/features/2020-01-09/the-hidden-dangers-of-the-great-index-fund-takeover +I've been in cryptoverse for a while now and I keep seeing newbies ask for tips in crypto, all from how to buy on DeFi to smaller things. I was wondering, what is the best life hack for you in cryptocurrencies? Anything is fine, from trading, storing, buying, selling, securing, whatever comes to your mind that you'd want newbies to know about. There is a lot of new people here everyday now and I thought that sharing such small life hacks would be nice for them. + +For me the biggest life hack in crypto I found is using XLM (Stellar Lumens) to move funds around. When I first started trading I used BTC to move funds around and ...that wasn't really smart. Then I heard someone talking about using XLM to move because it's ultra fast and ultra cheap. Best hint I got :) + +What are your lifehacks in crypto? +My logic is summarized in these 3 points: + +* **Removal of SALT Deduction** - Individual homeowners will be more incentivized to rent with a large increase in annual costs associated with home ownership. +* **REITs Get Nothing** - REITs already receive heavy tax incentives and do not benefit from a large corporate tax rate reduction. So investors will shuffle around and leave REITs at their currently unfavorable prices. +* **Impact to Smaller Investors** - Individual and smaller investors can declare their purchases as part of a business and get a lower tax rate, but they still have to pay extra property taxes to their States. In markets with already low capitalization rates, investors will see their profits drop far too low to be worth it at current prices. + +The impact to REITs, in my opinion, is what will cause the rest of the country’s housing market to drop. + +Removal of SALT deductions will really only (heavily) impact areas that have high housing prices and\/or high property tax rates. For a house worth 500k and a property tax rate of 0.6% to 1% (edit: California property tax rate, which is lower than the average national rate), buyers are looking at an added cost of up to ~~$150,000~~ $45,000 (edit: forgot to multiply by marginal tax rate) in 30 years of ownership. That is not insignificant and will reshape how the average homeowner views real estate going forward. (edit: these values can be considered fairly conservative estimates for single-family homeowners) + +REITs on the other hand have been heavily maimed. These companies are effectively not taxed at all if they give away over 90&#37; of their profits. So a reduction in the corporate tax rate just elevates the rest of the industry while leaving REITs in the dust. REITs buy up lots of property and I think we’ll be seeing a reduction in REIT expansion and a subsequent stagnation in profits. Perhaps even a decline in the long-term. +Reading today about whether or not the federal government will push compulsory super from 9.5% to 12%. One of the ABC articles mentions that super was initially introduced to slow wage growth, why did they want to slow wage growth? + +Secondly, do we as a nation want wages to starting growing again, yeah probably? So why aren’t we pushing for measures that encourage wage growth? How do we get wages to grow? + +Feeling a little hopeless as a borderline millennial/gen-Z person wondering what the future holds for my generation financially. +UPDATE: + +This issue has been resolved. My attorney was finally able to get in touch with the legal counsel for Coinbase and the matter was resolved in about 10 minutes. I received my wire a few hours after their conversation. It's unfortunate that customer support was so horrendous that it took my attorney constantly hounding them in order to get this issue resolved. Coinbase needs gets their act together if crypto is ever going to reach mass adoption. + +EDIT: + +Added a screenshot of email from Coinbase Support + +https://gifyu.com/image/xZJb + +Notice it took over 3 weeks after the case was escalated to the "priority' que and assigned to a specialist before I even received a response. They told me they did not block access to my funds but that is not true. + + +TLDR: + +- Coinbase closed my account for no reason and stole a seven figure sum from me. +- I contacted phone support several times and they told me to "just wait". +- I sent several emails to support which were totally ignored. +- My attorney sent a demand letter via FedEx to Coinbase Inc's official address at 548 Market St #23008, San Francisco, CA 94104 and the package was undeliverable because the address is FAKE! +- My attorney is now going to file complaints with all applicable government agencies, starting with the California and Delaware AG. I will also be suing them in civil court. + +Full Story + +This is a warning to GET YOUR FUNDS OFF OF COINBASE! + +I've been using Coinbase for about a year and a half to buy and sell BTC and ETH. I never had any issues depositing or withdrawing so I became complacent and left a significant(7 figure) sum of USD on the site. I hadn't made any trades since early this year and hadn't logged in for a while. To my surprise on April 24, 2018 I received an email from Coinbase saying my account was closed for violating the terms. I called in to support several times to find out why my account was closed and also to withdraw the balance on my account. I was told to "just wait" and it's now been over a month. They refused my requests to speak to a supervisor, or anyone else who could resolve this. I also sent several emails to support that were totally ignored. Given that I wasn't going to just sit idly by while they stole millions from me I asked for contact information for their legal department. They told me the ONLY way they could be reached was by sending a formal letter to 548 Market St #23008, San Francisco, CA 94104. They said the legal team was not reachable by email or phone. + +I had my attorney draft a demand letter and send it via FedEx. It turns out the address is FAKE! It is a papered up building with nobody in it. Here is the google maps street view of the building. + +https://www.google.com/maps/place/548+Market+St,+San+Francisco,+CA+94104/@37.7898734,-122.4007445,3a,75y,327.14h,90t/data=!3m6!1e1!3m4!1s3DgN8-j3-imrli45Qi2-rw!2e0!7i13312!8i6656!4m13!1m7!3m6!1s0x808580627b5ea1d1:0x60fd99496057cf74!2s548+Market+St,+San+Francisco,+CA+94104!3b1!8m2!3d37.7900465!4d-122.4008744!3m4!1s0x808580627b5ea1d1:0x60fd99496057cf74!8m2!3d37.7900465!4d-122.4008744 + +It is the one in between Portico and Wells Fargo. As you can see, it's a phony address. The representative at FedEx told us that address receives many packages, but they are unable to deliver. You can verify that this is the "official" address of Coinbase from their filings with the State of California below. + +https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=03548456-24110401 + +My attorney called their agent for service of process and they gave the 548 Market Street address and also a phone # of (415) 275-2890. Nobody answered the phone. + +Given that Coinbase is totally unreachable, my only recourse is to file with the relevant government agencies. starting with the Attorney General's of California and Delaware. I will also be suing them in civil court to reclaim my stolen funds. + +If Coinbase has also stolen from you please contact me and perhaps we can start a class action. From the looks of the complaints to the Better Business Bureau(1.1 rating), it appears they have done this to many people. + +https://www.bbb.org/greater-san-francisco/business-reviews/financial-services/coinbase-inc-in-san-francisco-ca-454104/reviews-and-complaints + +Thanks for reading, and please heed my warning and get your funds off of Coinbase ASAP! + + + +https://goldsilverbitcoin.com/irs-seeks-transaction-records-of-all-coinbase-users/?utm_content=bufferd32b6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer + +https://www.youtube.com/watch?v=mpL6j1lWwkM +... 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! +I purchased a property with the intent to rent it out 2 years ago that has been appreciating rapidly. This is the second notice I've gotten that my property value according to the CAD has increased 15% (so cumulative 30%). I'm planning on contesting but with how much my property tax has gone up, it's eating heavily into my margin. + + +The market is pretty hot so I know if I sell, I'll make back the 22K I put down + another 40K revenue. + + +Would you sell the property? I've been contemplating taking a HELOC on it but it's not really cashing out the value of the house, it's just giving me more debt. + + +Thanks! +So I just purchased a 6-plex that cash flows and am currently looking at purchasing another building that cash flows. Seems like now is a good While interest rates are low but I’ve been reading a lot about guys getting over leveraged and loose their shirts in a down turn or housing crash Ect. + +What do you consider over leveraged as a real estate investor ? Most people couldn’t pay there house off if the bank ever pulled the note so what’s really the difference between owing 500k or 2mil. if things are cash flowing and able to pay for themselves how much of a concern is it. + +Does anyone calculate their loans at 5% to see if they could still stay afloat if rates rise. + +Other than the standard debt service ratios is there any other calculations people use ? +I just turned 28. I've been living at home due to familial reasons that have since been sorted. I'm looking to move out soon. I have a lot saved (45k taxable brokerage, 15k cash). I budget every month, no debt. I make 46k a year. + + +Sites like Roofstock are looking really nice to me right now, and I'm wondering if that's stupid. I know it's a little frowned upon here but I like the idea of a turnkey service. + +Would it be stupid to put a down payment on a rental property via Roofstock before finding my own place? +Apologies in advanced for the click-baitish title! + +**Long story short, I am ready and will FIRE at 34. But I'm considering taking a "bullshit" or stress-free job for personal reasons and benefits. If you want a little background of my story, please read on. If not, please go straight to the points that I have highlighted in bold below. Would love to hear your opinion/view on my choices.** + +I am 34, M, single with no kids, and will "FIRE" in 3 months. I sat down with my boss this morning and told him why and when. After a bit of going back and forth, he was totally cool with it and thanked me for giving him 3 months instead of the typical two-week notice. + +Sorry, but no FIRE unicorn here. I worked in the tech field and made well over six figures for the majority of my career. I lived pretty frugally throughout my life and dumped most of my income into the stock market. As of today, my main brokerage account hovers at around 1M (actually just dipped below 1M because of today's market lol), a little under 100k in 401k, and 35k in a Roth IRA. A vast majority of my holdings in my main brokerage account are S&P 500 ETF and blue chip stocks (VOO, BRK.B, AMZN, MSFT, APPL, GOOG, NVDA, WMT, WM, T, etc. for those who care/want to know), and a small portion in more risky stocks. Both my 401k and Roth IRA are pretty much just S&P 500 ETFs. + +I know this amount might not be enough for some, but for me it is. At least for now. As mentioned, I have been pretty frugal throughout my life, mainly due to the fact that I grew up in a very poor household. I still remember the days when my parents came into my room to ask for my Christmas and birthday monies that our relatives gave me in order to pay for our rent. Fortunately, those days didn't last too long. My family wasn't rich or well-off per say by the time I got to high school but we lived okay for the most part. Anyway, before I go off on a tangent, basically I just want to say that that lifestyle never left me and I actually enjoy it. My FIRE budget will be at around 30k per year including taxes/fees/whatever there might be. Of course, this number will differ a little every year but my goal is to aim at around 30k every year. Definitely not losing sleep over a few grands above my target. + +My plan for the living situation is to move from NYC to south Florida, not sure which city yet but most likely somewhere near Miami (by near I mean 1-2 hour drive, and that can get you pretty far for you big city folks). The main reasons why I'm choosing Florida are because low cost of living and state-tax free. In NYC, let alone having a state tax, we have something called the city tax... Can't and shouldn't complain tho. If it wasn't for NYC, chances are I would not have been able to FIRE at this age. Anyhow, I have lived in Florida before and love it there, so it wasn't like I solely picked it because it was cheaper to live in. I know what I'm getting into and I know what my lifestyle will be like there. And here are my main break down of the living costs: + +Rent & Utils: $15000~ + +*As a New Yorker, housings are dirt cheap in Florida. Enough said.* + +Gas, car insurance & maintenance: $1500~ + +*I own a 2014 Camry, fully paid off. Very little mileage (I live in NYC after all). So I'm giving myself a decent size cushion for insurance and maintenance fees here.* + +Food: $5000~ + +*I cook a lot, one of the reasons is being frugal. Again, I'm giving myself a huge cushion here. I have been cooking for myself for almost two decades, I know how to portion my sizes to make more meals and hunt for good deals at the groceries. Thus, I'm going to skip toiletry and cleaning products in the COL because I definitely won't be needing 5k a year for food alone, I will just treat them as part of the grocery shopping bill.* + +Entertainment: $1000~ + +*This is the part where most of you guys will start to dislike me. I know, I'm not a good person but it is what it is. I download and stream all my movies, shows, and music illegally. The only time showbiz can make a dime out of me is when I go to the movie theaters, which I rarely go to. I might go there 2 or 3 times per year. Maybe when I FIRE'd I will go more often but who knows. I suppose most of that $1000 will go toward my cellphone bill and Internet. Most if not all of my hobbies are free and/or low cost. I'm into cooking, swimming, hiking, running, kayaking, working out, browsing Reddit, watching movies, TV, sports, music (all free as I mentioned), etc.* + +Travel: $2000-3000~ + +*Who doesn't love to travel right? Well, I do for the most part but not constantly. My goal is 1 international trip and 1 domestic trip every year. Sometimes maybe even just 1 domestic or 1 international, not both. Contrary to popular opinion, I wouldn't want to travel 24/7 even if I had the money. Traveling is exhausting in my opinion, I rather take my time and see more things per location than just "to go there" just to tell people that I went to all these places.* + +Misc & Eating out, etc: $500~ + +*I rarely eat out. Mostly with friends. Even then I would pick the medium-priced items. Though this number can/might shoot up if I end up in a relationship. As boring as I sound, I do find going on restaurant dates very romantic and fun.* + +That ultimately puts me at around $25000~26000 per year against my yearly income of $25500. I simply did $30000*.85 = $25500 to include the taxes/fees. Once again, some year I might live on less and some might be more, $30k is just a goal or guideline for myself. And hey, not so fast just yet, I left out one important cost that most people tend to forget about, health insurance. Which is one of the main reasons why I want to keep "working." + +Main reasons why I want to keep working (at a bullshit job): + +**1. Ironically, it gives me a sense of life.** + +This is probably the part where some of you guys will hit the backspace or close the tab, but hear me out. "Getting out of the rat race" is just a blanket term. This statement should be put into a form of a question, *why do you want to get out of the rat race?* For me, social anxiety plays a huge part. While my job does provide me with a good paycheck, I suffer a lot of peer pressure from upper management and people on my team. Sitting at my computer desk at 11:30pm on a Sunday evening is one the worst feelings ever, I bet you guys can agree with me on this one. It's not only the fact that I have to get up 7 in the morning and try to catch the fully packed train, but the fact that I have a boss to answer to and people to manage the moment I step inside the office. I hide it quite well, but I often panicked in front of my subordinates and my managers. Basically running all these bad thoughts and judgements inside my head. As hideous as it sounds, if money wasn't a problem, I don't mind being the lowest guy on the totem pole at work. Nobody will judge me if I screw up the most simple thing and nobody will expect me to lead them, it's 100% stress free. Being able to drive and always have a parking spot in front of the building is also a great perk as oppose to catching a packed train with grumpy commuters (Florida can definitely provide that). + +I know I'm not a great writer and this isn't a good thread for a guide or anything, but if you can get anything out of this thread, make sure you test the water first before FIREing out of nowhere just because you have reached your net worth goal. Take a small sip of the hot soup first before taking a mouthful so you don't burn your tongue. Yeah, the soup is delicious but it is also freaking hot and it needs to be cooled down first. So that's exactly what I did. I purposely took 2 weeks off work with nothing scheduled ahead (no traveling, no planning stuff with family/friends ahead of time, etc.) just to get a sense of what my FIRE life would be like. The first day was amazing, I think I woke up at like 1pm and then made myself brunch. Sat around, dicked around on my PC, and that was it. Second day, repeat. Third day, I got bored and decide to hit up my friends, oh wait it was a Wed, everybody had work. So I went to the movies by myself. Fourth day, you guessed it, I got pretty bored but still enjoying the no-work life. Fifth day, I actually want to go back to work and speak with my coworkers and see some familiar faces. I mean it wasn't like, "shit, I'm dying over here, I need to be back at work ASAP. I made a huge mistake!" It was just that the thought suddenly crossed my mind and that I was bored out of my mind. Next two days were okay because I finally got to hang out with my friends and family. The following week was straight up, "what the fuck am I doing with my life?" I don't want to make it sound like it was hell and that I was suffering or anything, but I can totally see myself not being happy over time and may even fall into a depression in the long run. I really sat down and thought about it, it won't be weeks or months, but years of this. I think finding a motive in life is very important. Again, as ironic as it sounds, I think a 9-5 stress-free work schedule might just keep me sane. Of course, this is what I think will work for me. I'm not saying it's right or it's wrong. Just find what works best for yourself. + +And as bad as it sounds (you gotta plan for the worst right?), what if you really didn't enjoy FIRE and want to go back to your old job? It might just be a little too late by then. + +**2. Health Insurance** + +This is a big one. I wonder if many of you FIRE'd people are running into the same problem. I care about my health a lot and would want to continue to go to the dentist twice a year and my physical once a year even after I FIRE'd. But health insurance is so freaking expensive without employer's help so I don't know anymore. If I can land a *bullshit* job where they can relief some of those insurance payments, I would definitely start working again. + +**3. 401k** + +I think this one is pretty self-explanatory. I want to continue to invest even after I FIRE'd, and one of the best investing vehicles is the 401k as it provides many tax advantages. And this goes back to my point that "my 1M net work might not be enough for some, but for me it is, *for now*." I see 401k as my ultimately safety net for the times I really can't work anymore. I want to continue to beef up this account, if possible. + +**4. Resume, beer money, socialize** + +Continuing from the third point, what if 1M really won't last me and I will have to go back to work before my 401k and social security kick in. I don't see how not having a X amount of year gap of work will hurt me if I were to go back into the rat race. In fact, I can probably use it to show that I never really left the workforce on my resume during the job hunt. Either way, it will look better than having a huge gap of no work experience for sure. + +And of course, having few extra bucks won't hurt. Plus, meeting new people and chatting with coworkers is always fun. Lastly, everything is still up in the air for the rest of my life. I'm still single and unsure if I will have kids. I might just need that extra dough and/or going back to work in case a kid or two pop out. + +Anyway, *bullshit jobs* are basically what I'm only willing to apply to and/or work for again (for now). I am thinking of some simple office job where I just do some photocopying, typing up emails, updating data, etc. Dick around for 5, work for 3, and then go home. I also thought about being a security guard. Would love to hear some suggestions on bullshit jobs to apply for. Pay is basically out of the equation for me, as long as I don't have much to do and have decent benefits, I will even take a minimum wage job if needed. And most importantly, what do you guys think of my plan of continuing working (at a bullshit job)? +I'm going to simplify this story very drastically. + +I trade in an old car for another used car at a used car dealership. I sign a shit ton of papers, they take my car, and I drive "new" car home. They said my first monthly payment bill should come in within 2 weeks. + +An entire month goes by and I receive nothing. I contact them and they said "oh you forgot to sign something and we need your social security card." I'm out of state at this point so I can't go there in person and the contract expires (due to 30 days passing). + +Now they're pissed and either want me to return the car back, OR send them a full check of the difference. The issue is: I don't want to pay the difference in full. So if I return the car, I should get my trade in back. But they already sold my trade in car elsewhere. + +I am very scared of them sending a repoman. How will I know if they sent one? It's not like I don't make payments, I literally can't. +The prophecies/tin foil crackpot theories are true! +The Date of Record is Monday, July 18. T+2 settlement means you have to buy GME two business days beforehand, that's July 14th! That's fucking Bastille Day! Or, as most of the world writes it numerically and especially in France; 14-7! + +!eew eew llams a evah I + +Yes you fucking do, Ryan Cohen! The smallest fucking wee wee (Oui Oui) I've ever had the pleasure "knowing"! +Anyone bought a condo near their primary residence to use only as an office? Any tips or things to look out for. There won’t be any clients or employees on site. + +My wife and I are considering doing this since we dont want to lease an office and need to free up a bedroom for another child at home. +I’m 49y, husband 50, finally we have some money to invest. (50,000). +House is paid off, no car payments, no credit card debts. +We have only taken twice a week off in the las 23year +I love what I do, husband not much. I would like to take 5 days off, husband thinks it would be better to just invest all of it, Im fine doing it, problem is I don’t have a real idea how to start. We don’t have a retirement plan 401k, it’s not offered where we work, or any retirement accounts. +Went to a FP they want 5% to open a mutual fund and a Roth IRA, but I have that it is a lot, but I don’t really know what could be the first steps to do it myself, or I where to go to get some real advice. So I came here, hoping to get some guidance on this investment stuff. +Thank you very much. +So, I've been wanting to buy some games, a television and a new laptop for a while now. However, I only want to do business with Gamestop because it is the greatest company/stonk of all time (I would even do my grocery shopping there if I could). Unfortunately, it is currently not possible for us to order from the Netherlands afaik. I refuse to buy electronics from any company besides Gamestop. + +I wouldn't recommend opening a physical store at the moment, they are not as popular around here. However, shipping to the Netherlands would be fantastic in allowing us to do business with Gamestop instead of other (shitty) competitors. Also this would allow us to support Gamestop in other ways than buying shares and DRSing them. We all have monthly fixed costs for electronics (games, laptops, tv's, headphones etc....) anyway, might as well spend it at Gamestop. + +I also spend around 300 euros a year on books, if i could order those from Gamestop that would be amazing. + +Sincerely, + +Europoor/Part owner of Gamestop +Any thoughts on the latest natural disaster having an effect on markets? Rail, road, and pipelines are closed for the foreseeable short term future. What industries are likely hardest hit for export/import troubles? Will the O/G sector lose a large consumer for a week or will the rebuilding of the roads involve an influx of asphalt sales? +The name of the company: **MindMedicine**. + +All of this isn’t financial advice. I strongly recommend reading the whole post but if you're lazy there is a TL;DR at the bottom. + +*About the company* + +The goal of this company (and sector) is to revolutionize mental healthcare. How do they want to do this? MindMed focuses on different psychedelic drugs including Psilocybin, LSD, DMT and the Ibogaine derivative 18-MC (18-MC has huge potential in opioid withdrawal therapy and doesn’t have the side effects of Ibogaine). These drugs are currently being tested in numerous trials to ensure that the treatment methods are effective and safe, but everyone that has ever taken any kind of psychedelics knows about the immense potential which these kind of drugs have. The drugs address all kinds of mental health problems including Depression, PTSD, Anxiety and Addiction. And not one of these mental health problems is becoming less common, Corona and shit makes our mental health even worse by the day. + +Are there effective drugs already on the market to treat these diseases? Not really, instead opioid addictions are growing faster than ever and there is no real solution - apart from psychedelics. To make the treatment as individual as possible MNMD has a project called "Albert" where they work with AI/machine learning, this is really a big factor because they are already getting all the data they need from the trials. The CEO himself has said that this is a company equally specialized in technology and in pharma. He called MindMed the „Tesla of Mental Health“, I think this describes MindMed best. The company also has a crazy good [team](https://mindmed.co/team/), they got ex Google and Pfizer employees. + +*Previous Research* + +Psychedelics in the mental health sector are not a completely new idea, this topic has been researched a lot in the 1950’s and 1960’s. There are a lot of studies from that time indicating the [positive effects](https://www.theguardian.com/science/neurophilosophy/2014/sep/02/psychedelic-psychiatry) of these drugs in patients with different mental health disorders. But because of the Criminalisation of psychedelics in the western world beginning in the 1960’s, this topic was not picked up by researchers until the 1990’s. Since then multiple studies have been made and are currently happening. + +Recent studies have shown that low doses of psilocybin are as effective as the industry standard SSRIs! + +[Effects of Psilocybin-Assisted Therapy on Major Depressive Disorder](https://pubmed.ncbi.nlm.nih.gov/33146667/) + +[Trial of Psilocybin versus Escitalopram for Depression](https://www.nejm.org/doi/10.1056/NEJMoa2032994) + +[Effects of psychedelics on the brain](https://www.sciencedirect.com/science/article/pii/S2211124718307551) + +[Ibogaine and MindMed´s derivative 18-MC](https://www.nature.com/articles/d41586-020-03404-z) + +[Effects of MDMA-assisted therapy](https://maps.org/research/mdma/ptsd/phase3) + +*Financials* + +Okay the drugs are great blabla, what about the financials tho? How can they afford these incredibly expensive trials? The answer: they got a ton of cash from previous offerings, the latest number i could find was [$161](https://www.prnewswire.com/news-releases/mindmed-announces-2020-year-end-financial-results-current-cash-balance-of-161-million-usd-203-million-cad-to-support-drug-development-pipeline-and-creation-of-psychedelic-medicine-tech-platform-301258180.html) Mio USD. This will finance the company in the coming years. Will they have to raise more money eventually? Maybe, but right now they are good. As soon as the first drugs get approved, this company will make *a lot* of money, not because they are exploitative but because the market for mental health disorders is huge (it’s about [$20 billion](https://mindmed.co/wp-content/uploads/2021/04/MindMed-Corporate-Presentation-4.12.2021.pdf) right now and this number is growing rapidly). + +*Competition* + +Okay all looking beautiful, but what about the competition? What if MNMD just isn't the company that is developing the best product for the market? Let me put it this way; Mind Medicine is the undisputed leader in this emerging sector right now. The second biggest player (looking at MarketCap, trials and cash available) is Compass Pathways. There are many reasons why I personally would not invest in this company; first of all they have much fewer trials going on. If I'm already investing in a very risky company, I want to choose the one that is most likely going to succeed. And in the pharma industry you can lower that risk by investing in a company which is developing many different drugs/treatments (MindMed has over 10 trials going on, CMPS has only one), this way if one trial fails the company won't go bankrupt. Even if they only get one drug approved they will be doing great, we're still talking about a growing market worth Billions. Another thing is Compass´attempt at [patenting](https://www.vice.com/en/article/m7amw4/is-it-possible-to-create-an-ethical-psychedelics-company) shit like the color of the walls and other ridiculous stuff, I personally can't invest in them because of my moral standards. + +*Celebrities* + +Everyone investing in stocks knows that Musk's tweets are more important than fundamentals, that's why I have to mention this. Cathie Wood has heard about this, she didn’t directly say she would invest in this company but she knows about the disruptive potential of this company, and is there a more fitting stock for the ARK Innovation ETF out there? [Kevin O‘Leary](https://mobile.twitter.com/kevinolearytv/status/1385631204758728706) aka Mr. Wonderful has been supporting this company since early last year, even if you do not like him you have to admit that he has quite a lot of publicity. The company is also doing a lot of PR, with the CEO JR Rahn giving numerous interviews within the last months. + +*NASDAQ* + +$MNMD is the ticker. + +[https://www.nasdaq.com/market-activity/stocks/mnmd](https://www.nasdaq.com/market-activity/stocks/mnmd) + +*Further Information* + +There are many catalysts coming up this year, the most important ones are obviously the trial results. The next major catalyst after Today should be the Special Meeting of the company on the 27th of May. The MNMD [homepage](https://mindmed.co/) has a great Investors section where you can find all the press releases and important dates of the company. If you are very interested in MNMD, go join [r/MindMedInvestorsClub](https://www.reddit.com/r/MindMedInvestorsClub/) ! + +𝗧𝗟;𝗗𝗥 + +The shift to psychedelics in mental healthcare (100B+ industry) will be massive, there are millions of patients out there waiting for a treatment method that works! MindMed, the leader of this sector will uplist on the NASDAQ today. + +I wish all of you best luck this week, may the shroom boom bless us with some nice gains. + +🚀🚀🚀 +Context: My wife recently finished grad school and started her first full-time job in public education. Knowing that public schools offer 403(b)s, I was excited for us to be able to add another tax-deferred retirement account to our investments since I already max out my own 401(k) and IRA. I knew 403(b)s were basically equivalent to 401(k)s, and I was assuming the sign-up process would be just about the same as a regular 401(k): HR would give her the info to set up a 403(b) account with the school district's chosen vendor and we'd be able to go in and set the contribution amount/investments on our own time. Turns out, that's not how it works at all... + +What actually happened: A few weeks into the job, she gets an email titled "Your Retirement Benefits" from a person at Equitable Advisors who introduces themselves as the "school district's retirement benefits representative" who says they "have been meeting with the new staff at your district to discuss their retirement benefits" and asking to set up a meeting. Thinking this is the person who was chosen by the school to administer/help set up her 403(b), my wife sets up the call. On the call, the "representative" gives a brief spiel about the benefits of saving extra money for retirement, then asks my wife a bunch of questions to fill out the account application (address/ssn, how much per paycheck she wants to contribute, etc), and then emails her the filled-out application to add her signature. My wife forwards the application to me before signing and I notice the email says "your signature as the ANNUITANT is needed" which I found a little weird, so I do some digging and find out they're actually trying to put her into a "variable annuity" with some terrible fees. + +[Look at how bad this thing is!](https://www.403bcompare.com/products/153#/fees) +The account charges an annual fee of 1.2% of the balance, and the average expense ratio of the funds is 1%, so you're losing 2+% off the bat. Not only that, but the account has "surrender fees" meaning even if you want to roll your money out of it to another 403(b) or IRA you pay 5% of anything you put in in the prior 6 years. None of this was mentioned on the call my wife had, nor was there any explanation that this was a variable annuity product instead of a regular investment account. + +Then I found out the New York Times actually did a [whole series on how bad the 403b industry is](https://www.nytimes.com/2016/11/06/your-money/403b-retirement-plans.html) back in 2016. Basically, salespeople from life insurance companies are allowed to stalk around newly hired public school employees and try to suck them into fee-heavy, overly complex annuity products that they don't actually need for their 403(b)s. + +After reading more about 403(b)s, I found out schools usually actually have several vendors which are approved to administer accounts. I asked my wife if she could email HR at her school district for a full list of the vendors and who to contact at each, and they returned with about 5 options including Equitable. I don't know why my wife wasn't given this information to start with from the district, but now that we had it, we emailed each one with a list of questions including what fees they charge, what funds are available, and whether they had regular investment accounts or only annuity products. One (Lincoln Financial) didn't respond, two (Metlife and AIG Valic) came back with variable annuity products that were basically identical to Equitable, and only one said they had a non-annuity account that acted like a typical 401(k) - Ameriprise Financial. The fund options in the Ameriprise plan are still all mutual funds with high (~1%) expense ratios and no index funds but at least it's better than what we almost ended up with. + +Obviously even with high fees, a tax-sheltered account is better than taxable and you're still saving money for retirement, but it's truly a shame that these life insurance companies are taking advantage of public school employees and siphoning off unnecessary fees from their retirement savings that can add up to huge amounts over time, just because they can. The reason I'm making this post is mainly as a PSA - if you're presented with a 403(b), make sure you get a full picture of fees and all of your options before committing to a particular vendor. Vanguard and Fidelity offer 403(b)s that are fair and respectable, but they are rarely available as options in school districts. Most of us on this sub have 401(k)s and the standard knowledge is 403(b)s are identical/interchangeable - even though that's true from the IRS's standpoint, it's not true from the "user experience" standpoint so be careful. + +EDIT: Thanks everyone for sharing your own insights/experiences! Here are a few common themes that have come up: +- This problem seems to be fairly widespread in the K-12 space and less so in the college/health/other non-profit space +- Many school districts do have better options but you have to actively seek them out (vanguard, fidelity, lincoln financial PDP) because they don't have salespeople coming in and the district doesn't always tell you they're available +- "There are bad 401(k)s too": Very true, but as the NY Times series describes these issues with life insurance sales reps duping unsuspecting new hires into horrible annuity plans when they have other options is specific to the world of 403(b)s +Card is already cancelled. I'm 90% sure it was done at a specific restaurant where the card was out of my site for payment. Whoever stole the card used it to prepay online for their nail appointment. I thought about alerting the nail tech and the restaurant, but not sure if it's a good idea + +Edit: After reading the comments, I decided to call the police instead of the restaurant or nail tech. I spoke to a very helpful officer that explained how CC fraud works and what the potential scenarios are. A person committing fraud could have gotten my info months ago and chose a random business close to home so the bank wouldn't pick up on it. It could also be the hostess but who knows? The bank and the police can investigate from here. +I grew up knowing my family had money, but always being told it was not mine. My grandparents, and parents, were definitely fat. + +I married a person who was not a good steward of any good fortune we were allowed; the best thing I ever did was divorce him and devote myself to becoming independent and solvent. The problem is, he knows my family history and is constantly telling our (grown) children that “your mother will handle it, she’s got all that money”. + +Except…I don’t? I mean, according to the faqs of this thread, in my last ten years I have elevated myself to fat status, which seems crazy, by a combination of really good real estate returns, working like mad, and basically being frugal and handy as all get out. My parents always delighted in their toys and things- and in telling me, always, it’s our money, not yours. Fine. I don’t have near what they did, but I’m well positioned, have a paid off house and car, and a permanent income I can’t comfortably spend alone. I try to ease my kids’ lives by taking care of their school loans and throwing them holiday treat yourself bonuses. I bank/invest close to 50% of my income. I haven’t worked for over two years. + +My mother passed away right before Covid. My father had a stroke the year proceeding that, and caught Covid last year, which basically flayed open his brain and showed us how much he had not recovered. Between my mother compensating/covering for him and a year of lockdown, no one really had a chance to evaluate him. She left her money in a generation skipping trust- she said because she didn’t trust my husband, although we’d been long divorced when she said it- I see none of it. The trusts also cover my father’s care. His other finances are overseen by my “local” sister, even though I moved home for a year and a half to take care of him and their….things. + +There are a LOT of things. This doesn’t seem strange to me on the one hand, but on the other explaining to people jokingly I’m a property and fleet manager is not exactly inaccurate, either. It’s kind of like being a mom, wife and secretary to a very confused bitter man who can’t always remember who I am, while my sister is my manager. My siblings essentially treat me like staff without a salary. + +Thankfully he is now placed in a very good memory care unit, and we do not need to sell anything like most people would expect. But. I am sick to death of managing an extended estate for no particularly good reason. For over a year I have said we need to to set a schedule for divesting personal effects before they lose value or utility and start costing us even more money. My father will never visit or use any of it ever again. I’m ready to tap out. + +I’ve been told to just go home, and I am, sort of. It’s just that I really feel conflicted about where I belong. Covid destroyed my “regular” life and support system. I live a different life in my parents’ world than I could geographically or financially sustain. My instinct before this was to be the conduit I was always told and expected to be- funnel and shuttle money to my kids. But honestly, they will inherit enough, granted at my death, to spring right to my parents’ level. They are young adults with their own lives away from me. I hate that their father essentially abdicated his responsibility to them and borrowed to live the life he thinks he was due but didn’t get from being married to me. They aren’t much interested in me either except for (usually) acknowledging Venmo deposits. I suspect they think I’m holding out on them, but I have always been transparent about my situation. Their father tells them I’m lying. + +I guess I’m looking for permission to violate the 4% rule and go a little crazy, but also for help with what that looks like. I’m in my mid 50s, and am acutely aware of the nurse or purse curse. I’ve also been schooled to save for the next generation- except anything I could add wouldn’t really dent their already anticipated inheritance. Depending on where I am/which life I’m inhabiting I’m perceived as way more or less well off than I am. Traveling seems fraught still- and I can’t quite do it at the level where it wouldn’t be. I have legitimate concerns about explaining any of this to anyone I might meet, friend or more, so I thought I’d try the internet. +I am talking about new comers, I myself got into this around mid 2017 and was too greedy and never sold anything even when it peaked during Dec 2017 / Jan 2018. +Has anyone here making decent income after the crash? + +Edit: Strawpoll Link - https://strawpoll.com/hzrr754e + +On the one hand we have u/Analfarmer2: + +1. Purchased 0DTE puts and was about to lose a fuckton of money but was saved by a Trump tweet that caused the market to crash in the last couple hours of trading. +2. The next day took all of his gains ($580k-ish) and, betting on a rally the next day, he bought deep OTM 0DTE calls. +3. Sold out after $480k in losses because the market did not rally. +4. The most autist part? **If his original put purchase (see bullet #1) had a longer DTE he might have still been in the position during the 100pt crash of the SP500 on 8/5 and could have cashed out for probably millions.** + +On the other hand we have u/1RONYMAN + +1. Does bigly research and discovers a trading strategy called "The Box Spread", a multi-legged options strat involving both buying/selling deep ITM calls and puts at the same time. +2. Does bigglier research and discovers that Box Spreads, if sold at the right time, can be sold for a credit with zero risk because his maths told him that when all the option legs expire they will offset each other but he will get paid a small credit due to pricing inefficiencies that only he has noticed. +3. Sells hundreds of Box Spreads on RH using Margin, gets paid a credit for each box spread, so his account goes from next to nothing to having tens of thousands. +4. Proceeds to withdraw 10k in cash, because why the fuck not? +5. Forgets that options come w/ this little thing called assignment risk and that yes, if a Box spread gets held till exp it's risk free... but that's not how option selling works... bc, ya know... assignment risk. +6. Gets assigned short shares, margin called for a shitton of money that he didn't have in the first place, has account instantly closed out by RH **and RH in a matter of hours officially bans Box Spreads across their entire platform**. + +Both are true paragons of autism but who do you think is the most autistic? + +The guy who made massive directional bets that made absolutely no sense, not once but TWICE and got fucked? + +Or, the guy who thought he came up with a strategy that couldn't go tits up and bet a shitton of money that he didn't actually have and got fucked because he forgot about the most fundamental way an option functions? +Last year I took all of my investments out my investment firm and became a DIY investor. At that time I owned a bunch of high fee Mutual funds for almost 20 years all charging me over 2% in fees with the average around 2.2%. For some reason, last night before falling asleep I wondered what effect those fees had on my potential returns if I had been invested in lower cost ETF's and what would happen if say my investment firm took my fees and invested them in a low cost ETF... weird I know but I through together a quick spreadsheet to see. + +Note the following: + +* I used S&P/TSX Yearly returns from 1988 thru 2020. Using real returns calculated annual is much different the using the average return over that period. +* I picked a random starting amount, maybe typical of a starting investor of $2500 invested at the start of 1988 thru 2020 with an additional contribution of $3600 annually ($300 a month saved) . +* I used an ETF fee similar to that of XIC.TO at .05% vs the average I was paying for my Mutual funds at 2.2%. + +As expected, the result was pretty substantial and really highlights how fees may eat at your saving efforts. The lower cost fee netted $291,810.32 vs $189,570.38 with Mutual fund fee comparison. The total fees paid for the ETF was $2,067.28 vs the fees of the Mutual Fund at $68,088.60. However, the total cost would be $102,239.94 due to the lost compounding of the higher fees. + +Oh... and if the investment firm were to take the fees they charge and reinvest them in a low cost ETF they would have turned the fees into $115,691.52 + +Anyway this was just an experiment I wanted to do for myself but thought I would share. A pdf view of my spreadsheet can been seen here: https://pdfhost.io/v/qaz7Az3It_Fee_effect_Sheet1pdf.pdf. + +Hope if helps some provide a realistic picture of the fee effect. + +*Please note I am not an 'sheets' expert and this information is provided as is and has not be double checked* + +*Editing to try and improve formatting for bulleted lists and other typos* +"bUt HoW iS tHiS GmE ReLaTeD?" - be^(fucking)cause the GameStop NFT platform needs LRC to have it's protocol locked in and functional before it can drop the hammer. Bear with me. + +"BuT tHe PaRtNeRsHiP IsN'T OfFiCiaL" - ya well it pretty much is so **bear with me.** + +\--- + +There was a post last night on the Loopring sub by u\\greatgoogelymoogely explaining some unusual transactions from Daniel Wang's (LRC founder) and Steve Guo's (LRC CTO) ethereum wallets. It basically outlined and tracked some multi-million dollar LRC transactions. Some saw it as FUD, some were just confused. + +There was a great comment from u\\boristheblade223 explaining what this might mean; + +&#x200B; + +>My belief is these were transactions required by Loopring’s partners / clients to establish better transparency around Loopring’s treasury tokens (ie tokens that belong to Loopring) and balance sheet. +> +>Any legitimate partner / client would require solvency of the counterparty they’re dealing with. Imagine if Jeff Bezos held a bunch of AMZN in his personal account and basically said “trust me this belongs to Amazon”. That would be ridiculous. The big boys would never do business with Loopring unless these were secured. +> +>With these transactions I believe all the treasury tokens of Loopring’s has been consolidated and contractually (in the sense of both the partnerships as well as blockchain) deposited into an official ledger account address. +> +>Edit: ledger in the accounting sense, not the hard wallet (but wouldn’t necessarily rule that out). + +&#x200B; + +Yet the FUD remained. There was a follow up post shortly after made by u\\shark\_merman because the shills were out in force in the LRC community saying it was a rug pull/the owners were selling out/etc. Another great comment by u\\LinusThiccTips went further into detail. + +&#x200B; + +>Clearing up some wrong speculation I see people commenting here. By wrong I mean on a technical standpoint. +> +>My take for this is simple: +> +>\- Binance will soon enable LRC direct to L2 withdrawals. Btw, this has nothing to do with Layerswap, that's a 3rd party that has nothing to do with Loopring. +> +>\- Dan sent Binance 35M, and Binance moved that to an L2 wallet they control. They're essentially setting 35M LRC aside to support L2 withdraws. It's a large amount so whenever people withdraw from Binance to L2, there's no bridging necessary, the LRC is already on L2. +> +>\- When you withdraw from Binance directly to L2, Binance will send LRC from this 35M LRC wallet to your L2 wallet +> +>That's it. +> +>What this is not: +> +>\- A stress test. Stress testing means a large amount of transactions, not a large amount of tokens in a single transfer. +> +>\- Using Binance to bridge it over because they have "connections with the Chinese" and maybe Binance has a better bridge available +> +>\- Dan dumping his LRC + +\--- + +Now, all that LRC drama happened **yesterday**. I made 2 50% serious posts **today** about GameStop's Tweets; the first showing a finger on a bomb trigger that said '*armed*' and the second directly referencing '*Tuesday*' in the description with the text '*good night good luck*'. My seriousness level just unironically jumped to 69%. + +There was also a post today here on the stonk outlining the Loopring GitHub 'Web V2 milestone *Main Feature Release* \- completed' update. That happened about 1030am EST today, Jan 18. + +So, how is this all related? Well, let's put all of the recent events into one thought; some **large** sums of money (\~35M LRC \*edit - coins not $, as per u/[**Terrible-Sugar-5582**](https://www.reddit.com/user/Terrible-Sugar-5582/)) have been moved that seem to align with what many have speculated to be the rollout/preparation plan. LRC protocol has been updated. GameStop tweeted some titillating tweets. SLD concerns in the markets. FTD concerns in the markets. Markets relatively red across the board. Bonds teetering on collapse. + +\*edit thanks to u/civil1 \- Also Daniel Wang's checkmark tweet this morning. + +My point? I'm pretty confident things are wrapping up, meaning an announcement is imminent. (see flair) +**Do you find it difficult to talk about your debt problems?** + +StepChange provides free and confidential advice to over 635,000 people every year, both over the phone and online. Due to the pandemic, that number is set to increase exponentially. + +StepChange are the largest debt charity in the UK, and over the last 27 years they’ve helped well over 5 million people with debt. Their advice and solutions are based on a comprehensive assessment of your situation. They also provide practical help and support for however long it’s needed. + +**Get your debt questions answered here!** + +**From midday Monday until Wednesday**, trained advisors from StepChange Debt Charity are here and waiting to answer your debt questions. They're a friendly bunch so please don't be shy! + +**Unsure whether or not you need debt advice?** + +Visit the StepChange website. By answering a few simple questions, you’ll quickly find out if you’d benefit from free and confidential debt advice. + +[https://stepchange.org/](https://stepchange.org/) + +You can also[ find out what our clients say about us](https://www.stepchange.org/about-us/making-a-difference.aspx), or read our reviews on[ Trustpilot](https://uk.trustpilot.com/review/stepchange.org) and[ Feefo](https://www.feefo.com/en-GB/reviews/step-change-debt-charity?displayFeedbackType=SERVICE&timeFrame=YEAR) + +*Important: The advice provided to an individual poster is based only on the information provided by that poster. Advice on this thread is also particular to the individual who has asked for it and is likely to be specific to that person’s situation. A poster may have provided further relevant information by private message which will not appear on this thread.* + +*Important: FCA regulations mean that StepChange is unable to give full debt advice or recommend any debt solutions through this AMA. If they feel you’d help from getting a full debt advice session, they’ll mention that in the reply.* + +*If you need free and confidential debt advice that’s specific to your situation, please use the online debt advice service listed above, or contact StepChange by telephone.*[ *More details on the Contact Us page*](https://www.stepchange.org/contact-us.aspx) + +*Additionally, StepChange can’t give advice on self-employed or business debts. For more help with these, you can talk to fellow charity Business Debtline* +Hey Team, + +Bought a condo that I’m super happy with - Great deal, cash flows well, tenant stayed and is fantastic. All good there. But tenant has been forwarding at first, but is now delivering ARMFULS of junk mail. “BUY LIFE INSURANCE FOR YOUR MORTGAGE / WE’LL SAVE YOU MONEY / GET A HELOC NOW” type stuff, all addressed to me. Mortgage company initially had investment prop as my mailing address, was switched day after closing to my PO Box but it seems like it doesn’t matter. Do I need to talk to the post office? Did I forget to untick a box during my mortgage process opting out of all this garbage? + +Feel bad for my tenant and don’t want to inundate her with all that mail. Any solutions? + +Thanks! +1. Starting from the last and current 10-k, and then going backwards in time. +2. Starting from the old 10-k (however many years you usually go back to read) and advancing to current date. +3. Skipping years + +I prefer starting from the older 10-k and advancing, for 2 reasons. + +1. I get a better feel of the company's progress troughout the years. + +2. I like to make notes on all kinds of facts, and then compare to current status, helps in a lot of things IMO. + +&#x200B; + +What method do you prefer, and do you see any advantage for 1 method or another? +if you don't know the guy, basically he is considered by many a chad whent it comes to corporate finance and valuation...he's teaching them at NY stern and giving away all for free on youtube...crazy... + +he's known for his incline in valuing assets using DCF tool... + +&#x200B; + +he's view of the market is pretty much not catastrophic based on his expectations that follows...please note that this can be done in 5 minutes by anyone and the goal of my post is to create a feedback loop and not riding his nuts... + +[https://pbs.twimg.com/media/FdnbIPTVIAAz-cA?format=jpg&name=large](https://pbs.twimg.com/media/FdnbIPTVIAAz-cA?format=jpg&name=large) + +basically he said screw the estimates...inflation is here and we will see it on the margins...giving this and other assumption he sees the SP500 overvalued by just 5% wich is pretty good if you ask me... + +and, as humble as always, he gives his "stress test" considering different scenarious that follows... + +[https://pbs.twimg.com/media/FdnbfKWVsAAMw55?format=jpg&name=large](https://pbs.twimg.com/media/FdnbfKWVsAAMw55?format=jpg&name=large) + +let's just focus on bad and worst case scenarios... + +\-setting risk free rate (10y t bills) at 5 % wich is considered (at least i consider it) very high if you account for the fact that US GDP would collapse the more you get to double digit interest rates (and thus creating a deflationary spiral soon to be bailed by the one and only Jerome Jesus Powell) + +\-plus setting earnings 30% below estimates, wich is to me is the only earning input that can coexist with high inflation giving the fact that a) at what point you cause a depression b) at what point if inflation is only in putin's hand (false) we accept this crap and go to war (non-risk because it means death of humanity) + +you end up in 2900 to 2443 if we go to 6% rates (unsustainable, if i had to bet)...this is only a 24% to 50% correction...i'd average at 35% because risk premium asked by the market is very small when things shows minimal signs of recover... + +considering the crazy valuation it had on last decade, where it traded everytime about 15% overvalued on top of zero % risk free and rock solid growth estimates... + +i'd say it's time to dollar cost averaging and stop being fearfull...spy tends to let you down and if you miss a couple of good day you are cooked... + +&#x200B; + +my plan: start DCAing a fixed ammount of my monthly wage on top of entering tomorrow with a year worth of wage (wich is very small because i'm italian lol) and selling an ATM covered call to reduce cost basis (since i'm neutral/slightly bearish) six months from today... + +&#x200B; + +1 year from today: + +\-if market rockets i don't really care i made solid bucks... + +\-if markets plummet i'll buy more and more cause i believe in capitalism and i'll use the premium i collected...plus i'll get heavy on bonds considering that they would be the cause of all drama...plus i'll look for other entries to build a well diversified portfolio that can make me sustain reasonable drawdown + +\-if markets stays flat i made some money and at least this so called lost decade has turned in 9 year loss lol...plus market flat means we live to fight another day... + +&#x200B; + +considering the little size of my portfolio, i'll be good in every scenarios... + +&#x200B; + +now i want you to rate my plan and tell me where i've been a moron, thank you gentlemen +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +To whom it may concern, + +The investment world listens very carefully each time Berkshire Hathaway makes a big move. Last quarter they increased the Verizon position (initiated in Q4 2020) and own right now almost 4% of the company. + +The stock price hasn't move much from the estimated average strike price ($58.70). In fact, it sits below this point and I thought this could mean buying opportunity, right? + +I've been crunching the numbers and this is what I've come up so far: + +* CAGR in Years 1-5: 1.86 % +* Operating target margin in year 10: 21.41% +* Sales to capital ratio: 0.76 (Industry average) +* Probability of default: 7.54% (Estimated for BBB rating) +* Initial (Terminal) cost of capital: 3.96% (6.28%) + +The estimated intrinsic value using the numbers above is **$52.64**, 8% below the price last week. + +The questions: + +* Am I missing something? Maybe some non-operating assets? I could not find if Verizon had any. +* What do you think made Verizon appealing to Berkshire? Inflation protection and good dividends maybe? + +Thanks in advance for any comments! +"Investors  have  become  overwhelmingly  concerned  with the ability of Australia’s highly leveraged household sector to withstand a sharp rate tightening cycle. Whilst house prices are very high, the fear of both elevated defaults as well as a rapid slowdown in consumption are being very much overplayed by the Market  in  our  view.  We  see  above–median  income  household  income  providing increased flexibility to meet repayments. In terms of economic growth, a lack of debt-fuelled consumption is likely to see only a moderate reduction in household demand as  rates  rise.  Without  a  significant  rise  in  unemployment,  we  expect  any  housing losses  will  likely  be  mild  and  not  inconsistent  with  last  30  years.  We  maintain  our positive sector view on the Australian Banks. In the absence of material asset quality concerns, we expect earnings to continue to be revised upwards as rates rise higher and faster than initially anticipated." + +In short - the sky is not falling, there will be some pain but like 2008 or 2017 it will be shortlived and the majority of borrowers will be immune. +Exactly as in title. Got early assignment on a GRMN put spread -- no big deal, it happens. I went into RH to sell the shares when it looked like an intraday local peak, sold those, which took me out of brief margin call due to the assignment, and then the price dropped as I'd expected. + +I went to sell the long puts that I was still holding from my spread and RH says:"You can't place this order because you had a recent assignment on GRMN puts. Please contact support for help." I called, emailed, and lost my mind as the stock retraced back up. No response. After a couple of hours, one of their brokers went in and sold my long puts (which were NOT on margin) while the price was at an intraday high again. + +My spread had max loss of about $300. When all this happened, I should have actually profited about $600. Due to RH preventing me from trading my long puts that I owned *free of margin* and were not being held against any short position or margined instruments, I took an $1000 loss, mostly due to time decay and price movement while waiting for them to respond. They even sold my (again) **non-margined** puts well below the mid price. + +Fuck RH. I get that they won't allow you to sell the puts while you're still holding the assigned shares on margin, but it's bullshit that they will allow you to sell the shares and then prevent you from getting out of time-decaying long options positions. + +BTW -- I have a real broker, I just use RH for spreads that involve a lot of contracts and don't depend much on fill quality to close. Their policy on assignment makes little sense. How can they demand I satisfy a margin call, allow me to sell overnight assignment to do that, and then lock me from completely closing decaying -theta options position?! +News is just coming in that "a wealthy individual" has been liquidated on CoinFLIX and owes the company $47m USDC. The CEO of CoinFLIX confirmed this so far, and has said they have issued a notice of default to Ver. + +[CoinFlix CEO: Roger Ver owes CoinFLEX $47 Million USDC. We have a written contract with him](https://preview.redd.it/xnkwn1hgne891.jpg?width=1646&format=pjpg&auto=webp&s=95857d8d097cdd4a37f88aaf97b07727e9319158) + +However, Roger Ver in a throwback to his days of degeneracy and racketeering immediately denied this. + +[Instead he claims CoinFLIX owes him money!](https://preview.redd.it/ybvedakvne891.jpg?width=986&format=pjpg&auto=webp&s=afe213729aa79cc63ea59813a29f20be3651c557) + +Hence the CEO of Coinflix has issued additional clarifications that Roger is lying. + +[CoinFLEX also categorically denies that we have any debts owing to him. His statement is blatantly false. It is unfortunate that Roger Ver needs to resort to such tactics in order to deflect from his liabilities and responsibilities](https://preview.redd.it/9ta16af0oe891.jpg?width=1646&format=pjpg&auto=webp&s=8642baabe57ab0591a1a55e770a31670d00e271a) + +This is some welcome back into crypto for "Bitcoin Jesus" who infamously foked BTC into BCash. + +Literally all he had to do was hold on to his early BTC, and instead he created a shitcoin BCash which is sinking badly, and now he has been liquidated longing this shitcoin. + +[FatMan says he has confirmed that the liquidation was due to Roger Ver's long BCash positions on CoinFLIX which ](https://preview.redd.it/r94l3vp8oe891.jpg?width=1306&format=pjpg&auto=webp&s=cdebd899769dac24485f8f27adf8975c6b0e1804) + +Even more incredibly, CoinFlix has turned this debt owed by Roger Ver, which is denied by Roger Ver, into another debt and have sold this debt of a debt to other users as rvUSD token promising a 20% APY on these tokens. + +This is just incredibly scammy and pathetic from every party concerned here. +I can’t be the only one with this conflict. We’ve been together almost 3 years. Right before we met, I made a decent investment into crypto. By now, I’ve made good money, but it’s not like I’m rich or anywhere close. I really just want to keep holding and going to work every day as usual. + +The reason why I haven’t told her; she is the arbiter of paychecks. Her financial responsibility is similar to if you handed a 9 year old your life savings and sent them into Toys R Us unattended. Money spending and savings is just about the only issue of contention between us. If I showed her the account, I’m afraid of the “conversation” that would follow. + +I have to tell her some day, I know. Personally, I don’t think the day is quite near. We might fumble through another crypto crash, but I believe the market has a lot of growing to do. The longer I wait, the more awkward it’s going to be when I finally tell her, but, the larger the account. + +I don’t want to start spending all of this money, but I also don’t want to feel like a liar to the woman I’ve been with. I have one friend I’ve told this to. He asks if I even love her, and of course I do. + +Were you in my shoes, what would you do? +Just turned 28. Student loans, credit card debt, car loan, and paying my own insurance. + +Living with family, have been for FIVE YEARS. + +Super ashamed of it. But it’s helped me with so much mental health stuff (and it’s my partner and his mom, so we’re a solid family unit who gives each other space). We also help with house stuff and largely don’t depend on her for anything but room and board. + +I want us to move to a better, more affordable state. My boyfriend’s changing careers, so I have some time to save. I can work from anywhere. + +But what do I tell myself to encourage myself and NOT fall into the pit of shame? Lots of financial independence communities just give me side eye for not being perfect up to this point. +It’s pretty damn irresponsible for the clowns on CNBC, Bloomberg, YAHOO, etc....to constantly ask if we are bottoming or near the bottom. + +I get it. People became so conditioned to buy a bounce that it became something you do without thinking. But even when presented with a problem as serious as the current inflation- they really didn’t show concern. That was amazing to me. + +Hell no we aren’t near a bottom and they know it! +Anyone who has lived long enough and has a memory knows we aren’t. + +Here’s how it goes (from my 2000 & 2008 personal experience): + +First, some exuberance gets massacred. A little less air in the bubble. Immediately the analyst are all over the media telling you what a great opportunity this is to buy. + +Next, the mega tech stalwarts start to take a hit and the market goes into correction. Ouch - ‘we’re close to the bottom time to buy’ they say 😂 + +Next, earnings start to suck. They try to tell you it’s unexpected and isolated. Market goes down some more. (We are here) + +Then, nearly all companies reporting say they’re concerned and/or lowering guidance. Market goes down some more + +Then, forward earning estimates start to get slashed nearly across the board as analysts have gotten the green light that the firm is in the clear and it’s ok to tell a story closer to the truth. Market gets hammered. + +Then, people sell even more because of emotion and despair. Market goes down some more - this is when we are close to a bottom. This is the capitulation phase. I’ve been trying to tell people that they will recognize it. You can’t miss it! Time to slowly start buying. + +But we don’t just fly up at that point. The market is filled with apathy and the investing public is worn down, disinterested, and illiquid. We trade in the wallows against the other pros for about 9-12 months. Also a good time to buy. + +This shouldn’t upset anyone. + +This is r/Daytrading + If you are an accountant working in a Canadian public company, I'd be motivated to keep an eye on securities fraud. Accountants can see it all. That is very nice payout of whistleblowing. + +&#x200B; + +>The Ontario Securities Commission has paid $7.5 million to whistleblowers in the inaugural use of a first-of-its-kind program in Canada that pays for tips leading to findings of wrongdoing under securities law. +> +>The three recipients receiving the cash were not identified by the OSC, which pledges to take “all reasonable efforts” to protect the identity of whistleblowers. +> +>“These individuals voluntarily provided high quality, timely, specific and credible information, which helped advance enforcement actions resulting in monetary payments to the OSC,” the OSC Office of the Whistleblower said in a statement. “These whistleblower awards are the first ever by a Canadian securities regulator.” +> +>Maureen Jensen, chair of the OSC, said the program “has proven to be a game-change for the OSC’s enforcement effort,” and praised those who came forward and providing “valuable information about harm to Ontario’s capital markets.” +> +>The OSC’s program was launched in 2016 in hopes of matching the success of a similar program run by the U.S. Securities and Exchange Commission. Under the Canadian program, whistleblowers can receive compensation of up to $5 million for a tip that leads to enforcement action. +> +>**The SEC rewards tips that lead to sanctions of at least $1 million and — in a richer formula than the one used by the OSC — pays up to 30 per cent of money collected to the whistleblower.** The U.S. regulator paid a record-breaking award of $83-million to a trio of recipients last March. +> +>Jeff Kehoe, director of enforcement at the OSC, said he hopes the awards will encourage more whistleblowers to come forward. +> +>“Whistleblowers expose complex securities misconduct that may not otherwise come to light, allowing us to take timely action,” Kehoe said in the statement. +> +>In a June 2018 update, the OSC said **its whistleblower program had** [**generated about 200 tips**](https://business.financialpost.com/pmn/business-pmn/osc-receives-200-tips-in-first-two-years-of-whistleblower-program)**, an average of two tips per week.** About 10 per cent of those tips were referred to the enforcement unit for further action, often resulting in investigations. +> +>At that time, there had been with no awards yet granted under the OSC’s two-year-old program, and the Canadian regulator said that process could take years because payments could not be made until all rights to appeal a finding made by the market watchdog have expired. +> +>Other Canadian regulators have whistleblower programs, but none besides the OSC has opted to compensate those who voluntarily bring forward information of suspected wrongdoing. +> +>The OSC adopted its paid whistleblower program after consulting with industry and investor groups, and reviewing the SEC’s established program. +> +>The SEC paid the first whistleblower award in 2012, and since then has paid 59 whistleblowers a total of more than $326 million. +> +>Last year alone, $168 million was paid by the SEC to 13 individuals, “each of whom voluntarily provided original information that either led to the opening of an investigation or significantly contributed to a successful enforcement action,” according to the SEC’s Office of the Whistleblower. +> +>The program’s latest annual report to Congress in November indicated that information provided by whistleblowers led to more than $1.7 billion in monetary sanctions being meted out by the regulator, $452 million of which was to be returned to harmed investors. +> +>Whistleblowers have been described by the SEC as being “among the most powerful” weapons at the regulator’s disposal, because they can help identify violations such as fraud much earlier than would otherwise be possible. + +&#x200B; + +Source: [https://business.financialpost.com/news/fp-street/ontarios-market-watchdog-to-pay-7-5-million-to-three-whistleblowers](https://business.financialpost.com/news/fp-street/ontarios-market-watchdog-to-pay-7-5-million-to-three-whistleblowers) + +&#x200B; +OPEC Meeting Is Delayed as Saudi and Russian Tensions Flare + +[https://www.nytimes.com/2020/04/04/business/coronavirus-opec-russia-oil.html](https://www.nytimes.com/2020/04/04/business/coronavirus-opec-russia-oil.html) +I do this independently, I am curious as to what percentage of people are working independently or in a group. I would guest most of those in a group are institutional traders. +I will do as DFV told me to: Use my pen as a weapon. + +[https://twitter.com/TheRoaringKitty/status/1405163374351167497?s=20](https://twitter.com/TheRoaringKitty/status/1405163374351167497?s=20) + +# Let's talk about Chess. Do you play? + +Even if you don't play chess; you might be surprised to learn this entire GameStop saga is, at it's core, just one part of a much larger **global financial chess match**. RC showed us this long ago, in a picture accompanying his Forbes interview released 08/16/2020: **a full 14 months from the date of this post** and **5 months before the January Gamma Squeeze run up**. + +https://preview.redd.it/u9lfbsdmiit71.png?width=960&format=png&auto=webp&s=4a24f2860222e3476ee52642dd4bf1478b52be31 + +[https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=78eed7ec5840](https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=78eed7ec5840) + +# Understanding RC's Chess Photo-Op. "A Picture Is Worth 1,000 words" + +We can observe RC sitting in the middle of a chess board, wearing a blue shirt, black pants and Blue Suede shoes. Obviously chess is a reference to strategy, but there's a lot more in this picture than an entrepreneur on a chess board. + +For instance, the **chess pieces are placed specifically**, displaying the **White King in checkmate.** + +There is a similarity between a checkmate situation and a short squeeze in that there is "no way out", no solution. + +**RC is telling us he "plays black" in this chess game; and has the white king in checkmate. He has been aware of the threat GME (a stock shorted over 100%) poses to an entirely corrupt system. He knew of this checkmate at least 5 months before the gamma run-up (I'm guessing he discovered stock corruption after Chewy was naked shorted; and went down the rabbit hole like Patrick Byrne and the rest of us have in an effort to discover reality).** + +# Pawns = Apes/Retail Investors + +The **black pieces outnumber the white pieces 7 to 4** and most of the remaining black pieces are pawns; **Retail traders are represented by these pawns**, retail investors simply outnumber hedge-fund shorts/"those that play white" by our sheer volume. A pawn is a piece that is not especially useful by itself, but when used as part of a larger strategy, their unique properties can provide an extreme advantage. + +**Apes (pawns) outnumber institutions because apes own the float multiple times over.** You'll also notice that most of these **black pawns are on the other end of the board then the black king**. + +In the game of chess, getting a pawn to the end of the board results in an opportunity for that player to "switch out" their pawn for a piece that was previously taken/killed. This allows the **pawn to be "upgraded"**. This is **what will result from MOASS**, (in a financial sense). **A sense of higher awareness of information and involvement** has already resulted; as I would contest that many apes have become aware of complex mechanisms in our market (and society); as well as the prevailing (and protected) reasons for many of the issues we observe. + +What RC was telling us a full 14 months ago; is that **pawns are ready to "upgrade".** After MOASS, many more **powerful pieces will change the landscape of the board in "The King's Game".** Apes will possess significant financial influence post squeeze, this is what scares the Uber-rich most. + +**RC knew the float was shorted over 100% in October of 2020.** + +**He knew that he had the wealthiest individuals in the world, and the entire global financial system in checkmate an entire 5 months before the January 28th Gamma run-up**. + +I will also point out that there are **7 black pieces, 4 white pieces and 1 human on the chess board.** + +**741. Almost 14 months ago. Wow.** + +# Chess is known historically as "the Kings Game" + +but **why is it referenced this way?** + +[https://wegochess.com/why-is-chess-called-the-game-of-kings/](https://wegochess.com/why-is-chess-called-the-game-of-kings/) + +>**Is chess being called the game of kings because of history?** +> +>For the most part, **chess has been called the game of kings since the king piece in chess is the center of all objectives involved in the game.** It essentially means **a game with kings that fight each other.** +> +>**there are more beginners than pros in chess.** +> +>**Chess was originally called the Game of Kings** in a past era in India (where the game originated) because the central figure is **the Shah or King. The game ends in Shahmat (literally translated to: The King is Dead).** + +**Checkmate. "You killed Kenny! You bastards!".** + +**Fun Fact:** + +Additionally, Citadel's logo design (as well as a traditional citadel in medieval times is modelled the "Rook" chess piece). Historically, These fortresses acted as the "inner sanctum" of a defensive core protecting a castle that housed royalty. + +Defeating Citadel is the key first step to a checkmate. Taking out the rook by way of GME squeezing will cause Citadel to collapse completely). + +[https://en.wikipedia.org/wiki/Citadel](https://en.wikipedia.org/wiki/Citadel) + +[ The functions of the police and the army, as well as the army barracks were developed in the citadel.](https://preview.redd.it/rw70si6d4gt71.png?width=1312&format=png&auto=webp&s=03848b0e0c84477ed9ea65b2ad1e6a26e48d7fc7) + +Credit to: u/Ren3666 for this amazing meme that highlights Citadel's role. Have fun finding the easter eggs: + +[Who Plays White? Cheat Sheet.](https://preview.redd.it/x15clt740nt71.png?width=694&format=png&auto=webp&s=6e58e1db20b853787b1b6ded17d1ca10bfb25974) + +I would argue checkmate will be achieved once the NFT dividend is released. Naked shorts (especially when leveraged 1000x naked short GME) will be completely ruined by GME short squeezing. It would defeat an opponent such as Citadel in The King's Game. + +but if you are a fan of history; you will know that the French Revolution did not result in any long standing change; as much of royalty's kin survived and maintained access to an immense amount of wealth that still allowed complete capture of governance and regulation. + +What **GME will accomplish**; is **a completely peaceful bankrupting of financial dynasties** that have held immense influence in this world for centuries. (GME is the greatest transfer of wealth in the history of time, and don't forget that this one stock threatens the ENTIRE GLOBAL FINANCIAL SYSTEM). + +**I'm not saying Ken is "the King"; and obviously Shabatt is not to be taken literally but I would contest that a GME MOASS would result in a severe bankrupting of several billionaires. The erasure of entire financial dynasties siphoned directly to apes.** + +# The Consequence for Naked Shorts is Grim. + +Bankruptcy that you cannot recover from. This occurs when someone worth several billion (who have also financed several billion using assets as collateral) loses everything they have. This results in access to no capital and hundreds of millions of dollars of remaining debt + +&#x200B; + +>**Shahmat is the word where checkmate is derived from,** a lot of things in **chess focuses on the king, protecting it,** and **attacking it** that **people will start noticing.**  +> +>**The game of kings may mean the game for royalties (referencing) the relevance of chess to the medieval society’s nobilities (royalty).**  +> +>It may have been called the game of kings **since chess has traditionally been a game popular for royalties in the medieval society**, so it may have an origin there. +> +>Monarchies have banned chess for a really long time, (therefore) **chess has been treated as a game that is played by royalties.** + +I am of the belief that a potential reason why Royals banned chess in several monarchs was to ensure the chess pieces (average citizens) did not realize the game that was taking place. This may allow opportunities for soldiers to realize they are simply seen as pieces on a chess board (from a strategical standpoint) and reject the lack of humanity approach to a situation with a large loss of life. + +# If RC plays black; then who plays white? + +First off: Statistically speaking; White wins 52%/56% due to the advantage of being able to move first. + +**Much like hedge-funds**; who front run trades, often individuals of extreme inherited wealth have an overt **advantage** over those who do not have the luxury of access to billions of dollars of capital. simple economics. + +The Uber rich; those that have imposed a fraudulent market on so many through deception, exploitation and fraud (often through way of the naked short seller). + +Those that "play white" are "the old guard". Those that have absorbed an obscene amount of wealth through the creation of a fiat central banking order. Among this group of foes who "play white" include the largest financial institutions on the planet, The DTCC, hedge-funds, banks, central banks, Ivy League colleges (who heavily invest their endowments into hedge funds and have several alumni and professors employed within the financial sector and central banking system). + +# Extreme Wealth and Corruption + +Wall Street, Royalty; the Uber-Rich. the top 1% of the top 1%. Financial dynasties that are responsible for the unimaginable wealth inequality we witness in our world today. + +Owners of the brokers we despise and who defraud us; who donate to our politicians to poison the well of democracy; who naked short stocks in meticulous, long spanning arbitrage plays to create monopolies. + +This playbook is old as time, from Ken Griffin to Steve Cohen, Gabe Plotkin to Michael Milken, Sam Israel to Jeffery Sass, Carl Icahn to John D. Rockefeller. History repeats and many fail to pay attention. + +Many may be unaware that Bernie Madoff was an infamous naked short seller (while being the CEO of Nasdaq), as was Michael Milken, both had an association with organized crime. + +I would explain more here if I had time but I will say if you want to understand this complex world better; look into **FINANCIAL HISTORY.** Observe the origins of hedge funds; their main investors from the 1600's to 1980's. The dynasty's built. The richest organizations that stand today. There are reasons for the imbalance you see in this world. + +https://preview.redd.it/ufj5g6slymt71.png?width=800&format=png&auto=webp&s=08feb99c4c46176395e767af4138ca79e178d98f + +# Throughout every single one of his tweets, RC always wears black: + +Arlington; wearing all black: + +[You'll notice a copy of \\"Batman: Arkham VR on the left side of the picture slightly out of frame. Batman is known as \\"the dark knight\\". If you scroll up to the chess photo, you will observe a black knight on the left side of the picture slightly out of frame.](https://preview.redd.it/qfa1ndpaiit71.png?width=1682&format=png&auto=webp&s=2fbccd2ae794e7cc296d4a938a18737b5f05424d) + +Florida tweet; wearing all black: + +https://preview.redd.it/fz8yycxrhit71.png?width=822&format=png&auto=webp&s=8ed00438e4a5636005e2093bd069675bda4ca9f8 + +Chopsticks tweet wearing black: + +https://preview.redd.it/vyyezkv4iit71.png?width=675&format=png&auto=webp&s=61b5d5b9844abeda151c334fcf442c0f18c12924 + +Culver City, wearing all black. + +https://preview.redd.it/yj3g8a9o0mt71.png?width=646&format=png&auto=webp&s=0ac5abbb833488d0745aed9768adb101905b5c76 + +**There is one exception**; this tweet. RC is wearing a white shirt wearing googly eyes, laughing hysterically. + +I believe he is **taunting those that play white**; laughing at the checkmate situation and how incredibly fucked this entire corrupt system is because of GME. This could be a stretch but this is my interpretation. + +https://preview.redd.it/p5zd7tfuhit71.png?width=806&format=png&auto=webp&s=2cbab0b14df9f76ce73c119e3eea9011e0576770 + +# Other Observations pointing us to Chess: + +**Gamestop changed their logo to black and white (chess colors). No more red, remember?** + +**RC's profile is in black and white (chess colors)** + +# GME threatens the existence of the current financial rule. + +We'll look to a Market Maker; **Mr Thomas Petterfy,** who you may remember being featured on CNBC during January's Gamma runup. He naked shorted (and assisted traders naked short) GameStop. As a result of these poor choices, he was forced to margin call all of his clients who were naked short GME and I was forced to laugh very hard at rich people losing a lot of money (fuck em'). + +# Thomas Petterfy's Interview right after the January GME run up: + +[https://www.cnbc.com/2021/02/17/interactive-brokers-chairman-thomas-peterffy-on-gamestop-frenzy.html](https://www.cnbc.com/2021/02/17/interactive-brokers-chairman-thomas-peterffy-on-gamestop-frenzy.html) + +When asked what would happen if the brokers did not pause buying: + +>**"The price would rise indefinitely."** + +When discussing the issues brokers faced during the January Gamma runup: + +>"**We have come dangerously close to the collapse of the entire system"** +> +>"**There’s a hole in the system that we immediately have to stop".** + +The exceedingly rich are playing a game of financial chess and RC and apes have them in check completely. + +# RC has known he has the white king checkmated for at least 14 months. + +Until now, there has been no way to fight back against a corrupt, unjust, broken system that rewards criminals. **GME is the solution** to a system that has been entrenched in fraud and deception. A rigged system that fattens the bellies of the gluttonous while millions suffer. + +I think RC is trying to make us aware of the battle being fought against a common foe. **GME is one part of the answer to the regulatory capture stalemate**. and those that play White are completely fucked. + +**You are more than welcome to believe what you want.** + +**Regardless, The rich get richer; and the poor get poorer. Until the Game Stops.** +I just started selling puts this year (previously I only sold and bought calls). I sold a lot of far otm puts like two weeks out usually on decent stocks I’d be willing to hold. I typically did this on red days and usually closed out at 75% gains. Does anyone else do this pretty heavy and is it typically sustainable if you have decent management? I’m sure in a bear market you’d get pretty slaughtered but I like this strat the best out of all the options I’ve tried so far. +My partner and I (both 25) currently make about 600k combined with about 650k in savings (spread across 401Ks, IRAs, HSAs, and broker accounts, plus maybe 10% in cash/crypto). Currently renting in VHCOL area and paying $2750/mo in a sustainable situation (nice apt, rent controlled, good area, etc). However, median home value here is close to $2M, with even a basic 1/2 bed condo costing over $1M. While we could theoretically afford to buy, I’m not convinced of the benefits. Of course there’s the whole element of not needing to do any maintenance/work with our apt vs the time/energy that would take with owning a place; but even just looking at the financials, I don’t see how returns on buying would be worth it over keeping our cheap rent and continuing our investment strategy. It just seems like so much of the value of owning is exaggerated in areas like this where the differential between renting and buying is huge (vs some other parts of the country where rent might be $1.5k on average and median home is only like $400k). + +What are people’s thoughts on this? Are there people out there who have successfully reached FIRE at a young age while remaining renters? +0 features. No balcony, no aircon, no apartment amenities, nothing... ffs. How the hell is this sustainable? Next year its going to be 550? In 2030 are we paying 1k for a shoebox studio? + +Anyone suggest a cheaper place? I need a train line and i work at north sydney or Maybe negotiate a lower rent? Doubt itll work though. +There has been a surging trend lately of political discussion on this sub. This is not the place to discuss politics nor religion because opposing views are very divisive and causes unneeded conflict and tension among apes. + +So please downvote and report discussions of politics or religion if you come across any. + +Like Bruce Lee once said “be like water” Apes! +I’ll preface this with Im not looking for handouts or advice I just need to get this out here so people can be a little bit more forgiving and compassionate to their fellow man. Some people are just going through some heavy shit. + +I’m a single dad of 3 with full custody and limited support from their mother. They are only ever with me and I have no support from anyone else either. I live in a town that has no public transportation and limited work opportunities. My car died in august as well. + +My 8 year old daughter has a UTI. Wouldn’t normally be a big deal but her doctor recently left the practice and no one else there takes our insurance. In the last 3 months we have been hit by COVID, stomach bugs and snow days. This has forced me to call out more than is ok. + +It started two days ago. I did the 24 hour wait and see and things appeared to be getting better so I thought it would take care of itself (this is something that had been discussed/agreed with her school nurse) + +Today she woke up with a new symptom so it was decided I would take her to be seen. Given that it was just a UTI I figured a minute clinic/urgent care would suffice. Called work to see if I could bring her in while I worked and they agreed. They were kind enough to block off my schedule that wasn’t already booked (massage therapist). This gave me a few hours. I could get her seen, get to work, grocery shop and home by the time my boys (other 2 children) got home from Afterschool. + +Put the boys on the bus, walked the dog, ordered a taxi and headed to a minute clinic in my town. Minute clinic wouldn’t see her because of her age. No big deal, called an Uber and headed to an urgent care next to work. Urgent care didn’t accept my insurance but recommended another urgent care 2 towns over. Called an Uber and headed to work. It was a slow day and I only had one client so I set my daughter up in the break room, saw my client (90 minutes) cleaned up and called an Uber to go to the next clinic. Got to the clinic and they too didn’t accept my insurance. They advised me to go to an emergency room. So, here I am in another Uber heading to the emergency room in my town to have my daughter seen. + +I’m not devastated or losing my mind but I am stressed. Before I became a single father I had a 6 figure one man massage therapy studio and was at the height of my success. I had everything I needed. When I became a single dad I lost it all. It was impossible to continue and I was in a worse position. I was able to scrape by and get myself in a better position and then the pandemic hit and wiped away everything I had accomplished. I’m at my rock bottom. At this point it’s survival mode and desperation. My employer is unhappy with the call outs and there really isn’t anything I can do about it. Today has cost me around $100 in traveling fees. Because of the divorce I can not qualify to buy a car so I spend maybe 5xs the amount on Uber. This will make it so I never get ahead. + +I’m smart and capable so if an opportunity presents itself I will go for it but at this time I’m stuck. I appreciate you reading this. If you can take any message away from this please be compassionate to people. So many people are going through similar circumstances where it seems like the universe hates them. They could be moments away from complete collapse. Be the gentle person who gives them a little hope. + +Update: it’s not a UTI. We will have to wait a few days to find out if it’s an infection or something more serious. To everyone offering advice about UTIs and not going to the doctors please be careful with your advice. I know I stated I thought it was a UTI given the symptoms but it’s always important to get things checked out. Hence, why I made such an effort to have her seen today. + +To everyone offering words of encouragement, compliments and general kindness.. I thank you. I won’t lie and say I’m not scared now but fearing the unknown will not do me or my children any service so I guess I’ll just wait and see. I hope nothing but good things for you all. +Matt K went on Fox Business yesterday. +https://twitter.com/tradestrey/status/1399803305757454338?s=21 + +Matt K today with Benzinga. +https://twitter.com/benzinga/status/1400547511044034562?s=21 + +Trey Trades went on Fox Business today. +https://twitter.com/matt_kohrs/status/1400513773216190464?s=21 + +Trey Trades to be on CNBC tomorrow morning. +https://twitter.com/tradestrey/status/1400613993006481412?s=21 + +Matt K and Kevin O’Leary exchange on Twitter: +(O’Leary seemingly supports apes but if you read between the lines, he’s setting us up as the ones causing the squeezes and not the shorts.) +https://twitter.com/matt_kohrs/status/1400492048210448393?s=21 + +The message these guys are spreading is also that we’re organized and forcing a squeeze. This sets us up as the bad guys in this saga even though it is the fault of the shorts if there’s a market collapse or crater. + +Also both Trey and Matt didn’t make any mention of naked short selling when they had the chance on national television. + +AMC ticker is spammed on MSM and GME isn’t even ever displayed or mentioned. + +In my opinion this shit is too coincidental and seems pretty sus. + +Not trying to spread any FUD here. I just found this very suspicious and wanted to bring it up here for discussion or visibility for those not following on Twitter. + +Edit: Yes, I know we shouldn’t be discussing theatre stock here but I’m using it as a reference to validate further how much GME info is being suppressed and naked short selling was entirely ignored as a topic as well. + +Edit 2: Okay so I just want to address the point a few of you made about these two YT apes not mentioning naked short selling to avoid being threatened or for legal reasons. In one of my comments below I wrote there are ways of saying it without saying it directly. Frankly, these guys didn’t even ‘try’ to hint at anything suspicious or wrong with the the stocks movement that first made people get behind them. No real reasons beyond “we’re sending a message”. For what purpose? I believe they could have said “on the surface it looks like stock movement of failing brick and mortar companies. But apes have been researching the stock and it’s a little scary what you find below the surface when you start digging”. Or even something more cryptic than that. Just enough to actually draw some attention to “well something is wrong”. + +To just simply say we’re sending a message to short sellers sounds like you’re proving the media’s narrative that apes are performing pump and dumps. I think Matt and Trey are great on their streams. I just think they not only missed a golden opportunity to put some thought into the message and deliver it but they also played right into the media narrative. Sure it’s David vs Goliath. But David is apparently doing a pump and dump…? +Looking for some advice. + +I recently sold an item on eBay. I posted the item using a regular first class stamp. + +The buyer opened a case saying they never received it. As I never sent it as tracked I was unable to check if this was the case. + +I eventually gave the buyer a full refund. + +Fast forward a week, the buyer has listed the item for sale on their eBay profile for a considerably higher price and additional postage as they're probably going to send it using a tracked service. + +If I raise this with eBay I think they'll ask for proof that the item they are selling was what I sold but I know it is. + +I've contacted the buyer asking if they ever received it but didn't let them know I've seen that they have listed it themselves. No response. + +What would you do? + + + +Update. +Thank you for the feedback. So I managed to get the item back. I won't elaborate how. Let's just say eBay favour buyers. + +Winner winner chicken dinner. +So I (26M) have been able to save about 5K since this pandemic started. I have the self lender app, acorns, and Robinhood. I started doing Uber eats deliveries not long ago and now I put half of all the money I earn in a night into stocks via robinhood. My problem is I don’t know how to stop acting broke and I don’t know what to do with all my money. I’ve been giving some serious thought into buy a house in the tri-state area Turning it into a rental property. I just been broke so long I don’t know how to stop acting broke. Anyone got any advice on how to find a chill button because I still can’t stop stressing over money. +I just graduated college and got my first adult job. What can I do right now to plan for retirement? + +My situation : I just recently graduated college and accepted my first post college job. My girlfriend will be graduating in May and we will be living together once that happens (she currently lives about 2 hours away from me) + +Below is some more in depth info on our situation + +We are both 22 years old + + +**Job(s)** + +*Me:* Beginning March 2nd I will start my job as a junior consultant at one of the best companies in the area to work for. This job will be a mix of a business consultant and a financial analyst in the water treatment/ environmental engineering industry. Being that it is a junior position I would hope that I have plenty of room for growth and advancement in the future. + + +*Girlfriend:* Girlfriend will graduate with a degree in education. She is currently applying to teaching jobs and also summer jobs + + +**Income** + +*Me:* $50,000 + +*Girlfriend:* since she doesn’t have a job yet I’ll do a low estimate of $30,000 + + +**Debt** + +*Me:* $29,000 in student loans + +*Girlfriend:* $36,000 in student loans + + +**Cash/savings** + +*Me:* $10,000 in savings/checking/cash + +*Girlfriend:* $4,000 in savings/checking/cash + + +**Expenses** + +*Me:* (currently no expenses as I will be living with my parents until my girlfriend moves here. Which gives me two months to save up money.) + +*Once we move into our apartment, basic expenses will include:* + +Rent + utilities: $1300 +Food: $450 per month +Car payment: $175 +Other: $300 + +*All expenses will be split between us* + +Other info: + +* I know a big thing that is preached on these subs is to have an emergency fund. We’re not too worried about this because both of our families are in positions where they would be able to help us in an emergency situation if it was needed +* We both are responsible with credit cards and have good credit scores. Neither of us have ever missed a payment. +* I would prefer not having any debt so it’s a big deal to me to get rid of it fast + +So reddit, what can my girlfriend and I do to best prepare ourselves for retirement and saving/growing our money in the long run? Any help is much appreciated! +I'm in my late 20s and only just last year started making 5 figures due to severe sickness/recovery/studying for my current job. I stayed at my parents long enough to have a good emergency savings fund and money for furniture/moving expenses during covid then left b/c family was too much. + +I have after everything 9k cash saved right now and save at a rate of about 25% or 1k USD of my monthly income. All of these recent stories about paying 100k over asking price for a home frighten me and frankly I'm scared I won't be able to afford a home if I wait too long. Asking price for me ideally would be a 350k to 400k home. + +If I neglect to devote savings towards any sort of retirement for two years, I can at least secure my first home and then have assets to leverage towards a bigger, nicer home later. I feel like its important to secure that kind of asset, but idk how harmful that would be for my retirement. + +I have no savings for retirement yet, b/c the money I have saved is what I consider my emergency fund. I'm not a financial guru or even close to it so I'm asking for advice. I am honestly just terrified I will not be able to get a home the way these home prices keep rising + + +Edit: Current salary: 75k as of this year, last year 50k. +Hello! I am 34 years old, living in California, USA and I have a full time tech job. I looking for your advice to grow wealth over time before I retire at the age of 55. + +Right now I have a 401k which Is fully invested in a vanguard mutual fund that tracks the S&P500(PrevIously had invested in T.row growth fund but Made this change when I changed jobs earlier this year, so it’s value has gone down by 10% due to the market condition). Contributing 4% with employer match upto 4%. + +I also opened a Roth IRA account in the beginning of this year in which I invest 500$ every month in the following ETFs -60% VTI, 30% QQQ and 10% SCHD. Also in negative value. + +I have around 1500$ worth bitcoin, bought when bitcoin was around 34000, in my Robinhood account. Also in red. + +what should I be doing additionally? I am planning to retire with enough funds that will provide me a decent post retirement monthly income. Please advice. + +Edit: Wife and I are saving 50% of our income towards buying a house in early 2024 in high yield saving account. + +Edit 2: since many people had asked my wife and I make 300k per year as of today. We have a goal to save up 200k by 2024 feb and we have already saved 60k in cash which we started in Jan. What we learned so far is to increase the 401k contribution percentage. My main question to this forum is to what else can I invest in? +Following the Milliondollarjourney SM guide ([https://milliondollarjourney.com/use-smith-manoeuvre-tax-deductible-dividend-investing.htm](https://milliondollarjourney.com/use-smith-manoeuvre-tax-deductible-dividend-investing.htm)), they recommend that the higher income spouse claim the tax deduction but running some numbers it seems that the lower income spouse claiming the tax deduction actually net a higher return. Am I missing something here? cause the difference is $6,909.76 + +here are some numbers for Ontario + +Spouse Higher Earner + +HELOC Loan $650,000 + +Interest rate 2.35% + +Annual Interest $15,275 + +Marginal Tax 43.41% + +Annual Dividend $32,500 + +Dividend Margin Tax 25.38% + +Dividend Tax $8,248.50 + +Tax saving on HELOC $6,630.88 + +Net Profit= $32,500 + 6,630.88 - 15,275 - 8,248.50 = $15,607.38 + +&#x200B; + +Spouse Lower Earner + +HELOC Loan $650,000 + +Interest rate 2.35% + +Annual Interest $15,275 + +Marginal Tax 20.05% + +Annual Dividend $32,500 + +Dividend Margin Tax -6.86% + +Dividend Tax -$2,229.50 + +Tax saving on HELOC $3,062.64 + +Net Profit= $32,500 + 3,062.64 - 15,275 - -2,229.50 = $22,517.14 +Has anyone had enough success at their own personal finance and enough interest in it to make them want to work in finance professionally? What was the difference between managing your own finances to that of a business? Do you regret the career change? Was it more satisfying to work in something that you had a personal interest in? +Numbers reference Afterpay's HI FY20 results (https://www.afterpaytouch.com/images/27022019-H1-FY20-Results-Presentation.pdf) + +Some food for thought: + +- Current market cap of afterpay (AP) = $11 billion + +- Tencent took a speculative stake at ~$300 mil for 5% stake. This would imply fair valuation of $6 billion after their due diligence. (https://smallcaps.com.au/chinese-fintech-giant-tencent-buys-stake-afterpay/) + + - AP previously peaked at $40.50 on 19 Feb 2020. Current market price is $41.20. + +- Prior to covid19, AP's half year total income was 212 mill. This would suggest a price to income of 26. It's not possible to do a PE because AP is still operating at a loss (page 3) + +- AP concedes that its business model/profitability relies on "good customer behaviour" (page 5). It basically runs no credit checks before allowing people to purchase predominantly discretionary items. + +- we are currently in the biggest economic crisis since the depression. (https://tradingeconomics.com/united-states/manufacturing-pmi) +Shares are trading at the $4 level in spite of the fact the retailer is continuing to grow its top line, and Custom Closet/Spaces market with plans to double its store count over the next 5 years. (2023 to 2027) + +Shouldn't the stock be trading at least in the 20s? + +Thoughts? + +MWWFAN +Maybe it's just because FIRE is incredibly simplistic (not easy) to execute....but it seems like there have not been any new discussions on this board for weeks, if not months. Just the same 15-20 topics re-spun a 100 different ways. I've always liked this reddit, but F it is starting to get boring.... +**More than 280,000 people have already lodged an ‘intent to claim’ a welfare payment at 2.30pm today**, the government services minister, **Stuart Robert**, has said. Source: The Guardian Coronavirus Blog. + +Based on the Australian labour force number of 11.7 million, a 280,000 person increase would move the unemployment rate from 5.2% to 7.6%. I had read predictions that this would go 10-15% unemployment, but such a rapid move to 7.6% is indicative of what is to come. + +*Edit: As has been pointed out in comments, the full 280,000 people may not be claiming unemployment benefits. Some may still be employed and simply claiming benefits they may be entitled to, so cannot directly translate the 280k number to unemployed. My bad, will look for better numbers.* +Hello Everyone, + + +I have a question about investing for the long term and also one about short term. + +I've been holding my money in a savings account and want to start being a bit smarter with my money. I haven't decided how much I want to start with but I was thinking 5-10K. I want to place it either in an RRSP or a TFSA. I just need advice on how to start building a smart, lower risk, longer term portfolio. I just would like something to outperform the standard savings rates. I also want to make monthly deposits. + + +As it stands I have at least 6 months emergency fund standing by at all times. I have no car loans or credit card debt. I do have a student loan and have been making payments to reduce it. + +Finally, I have 5K that I have in a WealthSimple Personal account that I would like to use for higher risk trading and investing. I don't know anywhere near enough to day trade and I can get competitive and emotional over it so I don't think day trading is for me. I wouldn't mind riskier short term investments but I'm not sure what that may look like. + + +If anyone has any sort of guidance, information, tools, or any advice at all it would be greatly appreciated. + +Thank you in advance! +I see people recommend selling certain deltas on naked options (.05, .16, .3). I do not know which is correct. + +These same people who recommend selling low deltas also recommend rolling tested options. However, in order to collect premium when rolling, the new option that we sell will have a higher delta. It seems like a logic fallacy. When we roll, we are essentially entering a new trade. If a higher delta is okay now, than selling a higher delta ought to have been okay originally. We should always be selling the ideal delta, so which is it? +Hi all, I’m new to ThetaGang, but over the last month it’s been doing okay overall for me....though this week was a killer for some of the CSPs I wrote. + +I am now thinking of selling a property (I live in a very hot market) I own to free up about $350k in equity that’s in it. With that cash, my plan is to wheel AMZN starting with selling a weekly CSP about $25-$30 OTM. Premiums for this range in the $4k-$5k range. + +If I’m not assigned, obviously would repeat the following week and so on. If I am assigned, I’d sell covered calls $25-$30 OTM which also generate $4-$5k a week. + +I’m figuring to be able to generate around $15k a month using this strategy, maybe more, on $300k capital vs. the current $1500 per month in net cash flow (plus appreciation over time of course) that the property is generating. + +What is the biggest downside in doing this other than a massive downward move in AMZN share price? Am I missing something? On its face, it seems as though I could do this full time and quit my day job. + +Thanks in advance! +Every single line of Bitcoin code written by "shadowy super coders", who contribute their precious time and inspired efforts voluntarily without a guaranteed salary, is open for the whole world to access, scrutinize and propose changes to. + +However, whose tax dollars keep paying for champagne tree-hugger Elizabeth Warren's sneaky private jet excursions remains shrouded in mystery. + +[Climate activist Warren hides behind staffer after being caught on camera getting off a private jet](https://i.redd.it/4kisp696gie71.gif) + +Now if we were to pay our taxes in Bitcoin, through a public blockchain, we would be able to tell exactly whose tax money is paying for Warren's climate-destroying charter flights. + +[Corrupt politicians? Bitcoin fixes this.](https://preview.redd.it/tp0rwr4agie71.jpg?width=850&format=pjpg&auto=webp&s=530d6c2016989c5bb0448be2dde65e1ca3ef7486) + +Warren grew up a dyed-in-the-wool Republican. She was registered as a Republican until 1996. Sure, people are allowed to change their minds, even at 50, or perhaps, she recognized that she'd have more political attention and a better political career by preying on populist working-class sensibilities. + +Throughout her political career, Warren has been funded primarily by big tech, owned by billionaires and beneficiaries of the banking system she continually purports to rail against, although curiously, you will find, to little ultimate effect. + +During her 2020 presidential campaign, Warren vowed to shun high-dollar fundraising events after transferring $10 million in high-dollar contributions from her 2018 Senate campaign to fund her presidential campaign. She also reversed her position on rejecting super PAC support after realizing that it was hurting her campaign. + +The Bitcoin code enables humanity to take our economic fate away from the hands of a powerful few and leverage blockchain as an open, trustless, permissionless, decentralized monetary network to democratically create, distribute and exchange value. + +Bitcoin liberates every man from the whims of other men. + +If Warren had a legitimate interest, as she claims, in dismantling a system that consolidates wealth and power in the hands of a few, she'd be all over Bitcoin. + +But it's all pretentious parasitism. A ruthless Janus-faced ruse to raise political support from the majority by feigning concern for their cause, all the while aided and abetted by the powerful few. + +The carefully crafted perception that Warren fights for the common man allows her a position of authority she exploits to keep the common man intellectually and rationally credulous to disinformation, furthering furtively the interests of the beneficiaries of the fiat pyramid scheme. + +[Whose hands do we entrust with the fate of our financial system? \(H\/T Lina Seiche\)](https://preview.redd.it/4d6ieikegie71.jpg?width=2048&format=pjpg&auto=webp&s=7d04e9afa6008034efb5fe5b4e207f7a5e1dc987) + +**Edit:** To address misinformation coming in from accounts that are here to brigade, + +Bitcoin is open-source software collectively hosted by a pure P2P permissionless network. There's no scope for any shadowy elements in Bitcoin. + +The wealth distribution is admittedly far from where I'd personally like it to be. But it's heading in the right direction. The game theory embedded into the protocol ensures that it does over time. + +Most of the large wallets holding greater than 10 basis points of the total supply [here](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) are exchange wallets. Decentralized exchanges are still a fair way from being as efficient as centralized exchanges. Hopefully, one day they can be, allowing every user to take ownership of their keys at all times. +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! +I’m curious how everyone plans to deal with our current environment and inflation. + +I’ll start, + +I have a variable mortgage. + +I have a HELOC linked to said mortgage. + +HELOC is my only debt other than a 0% vehicle loan. I will never put any extra money towards this loan. + +I am abandoning my DCA strategy for the time being in order to fully pay off my HELOC and pay down my mortgage. + +I am not selling any stocks, I will continue to hold my investments and will potentially start adding back into the market as opposed to mortgage if a rebound becomes clear(will still pay off HELOC completely). + +I view this essentially as shifting my investments from stocks to bonds. I have debt, so literally no reason to buy bonds IMO. + +This is what works for me, my personality, my finances, and my asset allocation so I do not recommend this for anyone else however I am curious to know what YOU are doing. + +Look forward to it 👍 +I'm considering a 2nd EU passport as a potential retirement lifestyle and "insurance". 49 now, two kids. HQA Visa seems like it could give all of us passports within five years for $175K. + +It is different from the golden visa in that basically this funds an R&D project at a university to incubate a business. I would assume it is basically a donation to a university, but probably could take it as a capital loss so really only talking $120K or so assuming the research is useless. + +Wonder if anyone has pursued this or done any more advanced research and has experiences to share? + + +[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!* +So my strategy is a pretty simple one. It’s been making me about 3% return a week for the last two months. I think I’m still in the honeymoon phase, and I need a reality check. So my strategy is essentially running the wheel on mid cap stocks that have been beaten down by the coronavirus(cruise lines and hotels mostly) but not exclusively. I’ve been selling weekly OTM Puts that I buy Monday about an hour before close. I pick out a company that is lower than open, and I do research to make sure there aren’t any big news events driving the price down in the near term future. I sell about 2%-4% below market price, WITH THE INTENTION OF GETTING ASSIGNED THE SHARES. I want to stress that enough. I do not mind getting assigned, I’m just in it for the premium. If I don’t get assigned, I roll it over and sell another OTM Put the next week. If I get assigned, I immediately turn around and sell a covered call at the exact same strike price. Basically, I’m trying to create weekly income regardless of the price of the stock. If the stock price goes down sharply, I sell a covered call for two weeks out. If the stock price still hasn’t recovered, I start to lower my covered call strike price, being conscious of the premium I’ve collected relative to the strike price and current stock price. I don’t see the problem with this, as I have the mindset that I am fine with holding the stock for a long time if need be. Please poke all the holes you want. I need to see the flaws from a third person POV so I can have a more grounded view of it. Thanks in advance! + +Edit: [I added a more revised version](https://www.reddit.com/r/options/comments/g58613/poke_holes_in_my_strategy_part_2/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) so please go and comment all critiques after reading the revised strategy, as that will be the one I will be using from now on! +Just after some friendly advice. I recently moved from redraw to an offset with my home loan. I have put some money into my offset in the last week but my repayment amount has stayed the same +I'm sick of Instagram and Tiktok influencers selling courses and shilling their coins. There are some really good youtubers who can help you with your research but I have problem with the ones who flex their fake trading accounts , showing how they turned $1k into $1m in a couple of months and they will "teach" you how to do it , if you buy their course. If you know how to make a million dollars in a couple of months , why bother selling courses , why not do it again. + +Then there are influencers who do not sell their course but keep shilling the most degenerate coins , that is probably gonna crash (looking at you logan paul). Tiktok is literally filled with this. These influencer use their fans as money making machines . + +Most of those courses are about $100, why do you need to sell a $100 course if you can turn $1k to $1m. All of them are frauds. The sad part is most of them are gonna earn a lot of money selling their course by showing their fake portfolio. +I think I know why the stock market is up... and it's not because the Coronavirus is going away. + +It requires some macroeconomic and finance knowledge, but maybe, just maybe: + +* Fed actions (buying assets) are lowering risk premiums +* Fed actions (lowering rates) are lowering asset yields overall +* Both of these actions lower stock yields, which increases stock prices +* Lower stock yields = longer duration for stocks (dividend discount model) +* Longer duration + lower stock yields = less overall sensitivity to the lower expected earnings for next 12-24 months due to Coronavirus +* Plus... a maybe.... maybe long-term inflation expectations due to printing money = higher earnings (in pure dollar terms) for cash flows 5-30 years from now + +Run those things through a discounted cash-flow model, and you get higher stock prices. Near-term earnings become less important to the overall picture. + +The absolute weirdness of finance. + +Spreadsheet that helps explain it: https://docs.google.com/spreadsheets/d/1tdem96CqM4leh7eJU5U7ZVOsGmkouB4Mcx0MsfbQa8M/edit?usp=sharing + +____________________________________________________ + +**EDIT #1:** The spreadsheet doesn't tell us what S&P 500 is going to be. That is NOT it's purpose. It shows us how Fed actions can increase stock prices, all other things staying the same. + +^^ Look at the spreadsheet and don’t take it literally... it’s a demonstration of yield change, not a market prediction... ^^ + +____________________________________________________ + +**EDIT#2:** + +ELI5: + +US Government actions are making it less risky to be in the stock market. + +US Government actions are also making it harder to make money in bonds. Stocks now pay much better than bonds. + +The logical conclusion is that yield-chasers are buying stocks, and they believe we will solve Coronavirus before the Fed runs out of ammo. + +____________________________________________________ + +**EDIT #3:** +I built this spreadsheet model in 30 minutes. A 30-minute spreadsheet doesn't predict the market. It demonstrates a financial principle that isn't easy to grasp without numbers. + +* It doesn't tell you fair value for S&P 500. +* It doesn't tell you to be bullish or bearish. +* It doesn't tell you if the Coronavirus is going away or not. +* It is not a substitute for sound financial planning which is completely outside of the scope of a single reddit post +* It is not an indication of where I think the market is going + +So let me stress........ + +* **This is NOT an S&P Forecast... it simply demonstrates how yield changes affect price** +Hi beautiful apettes and apes, + +I'm u/derhyperschlaue and in the last days you have already heard a lot from us, I hope we are not annoying :) + +In the last few days we optimized the website and added a new subpage, which you can take a closer look at if you want. This page is about digital advertising campaigns. + +While the preparation of this campaign is going on, we would like to use the power of the community and mainly deal with physical advertising media. + +There are already some great examples of implemented advertising campaigns: + +&#x200B; + +[ Billboards by u\/TheTangoFox](https://preview.redd.it/tu5dsrr7bm291.jpg?width=960&format=pjpg&auto=webp&s=083223de8893c00165a35720c8e3c7a712dab979) + +[Infographics by u\/BornLuckiest](https://preview.redd.it/ny3itx7bbm291.jpg?width=960&format=pjpg&auto=webp&s=bc4fb0dcb89fbbf7e5cd901a7daa94cd9dccfcdd) + +[TikTok videos by u\/Life\_is\_good22 ](https://reddit.com/link/v10rd7/video/zqtihmaibm291/player) + +![img](tdd08lhnbm291 "QR-Code stickers by +u/Proof-Carob-2255 ") + +[Self made flag by u\/hisholynoodle ](https://preview.redd.it/kdoiui2rbm291.jpg?width=640&format=pjpg&auto=webp&s=6687fe995ce38bf833e4bb53546f9b9bb7d59daf) + +# THANK YOU SO MUCH FOR HELPING OUR WEBSITE + +Yesterday, my partner u/millertime1216 shown his brand new yard sign and business cards, I designed for him + +[Yard sign](https://preview.redd.it/d9kn8ng1cm291.jpg?width=640&format=pjpg&auto=webp&s=6a0da91ca51faef8c8cabbd4c9dd5875d1229c3e) + +[Business cards](https://preview.redd.it/miuzekl2cm291.jpg?width=640&format=pjpg&auto=webp&s=9757bb2549a04053de546ed1636ba0b4997ce59c) + +# Now we want to know, what other ideas you have? + +Please comment your ideas and I am very happy to help you creating a design for you or offering material so that you (if you want) can produce/create advertising material on your own! + +As we cannot ask for money or donations in this sub, so your creativity would really help the [WWW.DRSGME.ORG](https://WWW.DRSGME.ORG) project (and trust me, posts will get you a lot of Karma ;)) + +# 🚀 + +Edit: Sorry if I forgot an ape! +Hey everyone hopefully you everyone is having a great day. I wanted to say that i’ve stopped using high leverage (1:300, 1:400) and now i use (1:1) and honestly trading has become much easier, i feel like i’m off the radar and sharks can’t detect me, i wish i would’ve done this sooner it would’ve saved me a lot of money +[Gamestop may be heading to the Metaverse](https://preview.redd.it/o1ini6sxetw71.png?width=1946&format=png&auto=webp&s=c904f9b756e591a415e28fe8ca23ae4de9e50888) + +Hello Apes! + +For a long time I thought Gamestop was building an NFT marketplace. This would be where they could license music, games, original content and anything else that can be plopped into an NFT for sale and resale. I thought they would be going this on a zkRollup (zero knowledge rollup) which means the whole crypto side would be invisible to the end user. This alone would be amazing! + +&#x200B; + +But then I got to thinking.... These are all things people can DO. But where are they going to do it? + + I saw this 60 Minutes video on the metaverse and it all clicked: + +[https://www.youtube.com/watch?v=ANO29CzQXUA](https://www.youtube.com/watch?v=ANO29CzQXUA) + +&#x200B; + +Holy shit. Remember Moon Jam? I think that was just a test run and an appetizer of what they're building. That NFT marketplace? It's going to be on the BACK END and invisible to the end user. You won't need to know about gas fees or tokens or network protocols or wallet setups. I think they're going to bring it mainstream in a Metaverse digital world project! + +&#x200B; + +A simple launcher and app with your digital holdings tied to your GME account will suffice. The app will have digital wallet like features, but the barriers to crypto entry will be gone. You simply won't even see them. I think the other user who said ERC20 + ERC721 standards are the 741 that Gamestop is working to create on an L2 zero knowledge platform. All of it will also be accessible inside the metaverse like an inventory sheet for you to sell or trade. They can make their own digital currency for within the digital space that convert from dollars without any of the crypto marketplace hassle. + +&#x200B; + +A GMErica digital world, where you can socialize, play games with friends, buy/trade/sell NFT art, avatars, songs, and any other user created content! Power to the Creators? Hell yes! Anyone will be able to create things just like anyone can upload a video to youtube! Even publishers will be able to create and license games for sale and RESALE. Everything we thought GME was going to do, they can do in their own digital world. Publishers and indie game studios would be all over this if there's a small resale fee that goes back to them as part of a support and licensing contract because digital ownership will be nonfingable and trackable in a way that's invisible to end users. There's a feast coming, and everyone at every step of the way gets fair market tendies! + +&#x200B; + +Are you jacked? I can't wait to go down the rabbit hole and get jacked into the GMEtrix. Holy shit, GME doesn't even need to squeeze to rain tendies on all of us. +I'm selling invisible sky proof helmets if anyone would like to purchase one. + +Bunch of people are sick and more are getting sick... + +California had the first "untraceable/local" case of someone catching corona. Cali is also monitoring >8000 people for the virus. + +W.H.O. Called Trump incoherent. + +Vice President of Iran has corona. + +8am - + +* **NASDAQ**: -3.8pc + +* **SP500**: -3.7pc + +* **oil**: -3.8pc + +EDIT: +810am - + +Oooff... Nas and sp are down -4.6pc now.... + +As previous - thread is for discussions about today's bloodbath to keep it all in one place. +Hi all, + +Yesterday around 5PM I noticed a letter in my office mail that stated I had claimed for unemployment insurance. Obviously this is fake as I am still working with my company, but they had my SSN and the correct amount of wages paid to me, but they had an old address I only used about 5 years ago. + +I immediately alerted my employer and they're going to call the DoL. I put credit freezes on all my accounts, changed all of my credit card and bank passwords, and I'm in the process of getting started with a password manager. I also created accounts with the IRS and the SSA so that I can get in front of someone trying to create an account in my name. + +I looked into it and there's really no way to report this outside of going to the DoL so I'm going to wait for my employer to call them and see what the next steps are. + +&#x200B; + +Is there anything else I should be doing? +My impression was that this is not possible from India. Then I saw that Interactivebrokers launched Lite account in India. https://twitter.com/IBKR/status/1178665189736173568?s=20 + +From their FAQ it seems to be possible. + + [https://www.interactivebrokers.co.in/en/index.php?f=25308](https://www.interactivebrokers.co.in/en/index.php?f=25308) + +> +> +> [Can I trade all products through Interactive Brokers as an Indian resident? Such as stocks, options, ETF's, derivatives, etc.?](https://www.interactivebrokers.co.in/en/index.php?f=25308#collapse03) +> +>The RBI's liberalised remittance scheme allows Indian residents to remit money abroad for various purposes, details are available at [https://rbi.org.in/Scripts/NotificationUser.aspx?Id=10192&Mode=0](https://rbi.org.in/Scripts/NotificationUser.aspx?Id=10192&Mode=0). In your account with Interactive Brokers, you can invest (shorting is not permitted) in stocks, ETF's, bonds and options listed on over 100 markets across 26 countries. Margin trading is not permitted. + +1. Is Indian residents being able to invest in US securities a new thing started by IB or was it always possible? +2. What's the catch here? Am I missing something +3. For investing in US securities which broker is the cheap and safe option? I know that IB have international reputation +I have found out that IEPF-5 form needs to be filled. Then that form any many other documents are to be physically submitted. Seems like a lot of work and hassle. Are there any firms/companies/persons who can do all the work (specialised in this line of work ie who have prior experience with this which would result in quick closure)? Can you share any if you know about them and what is the general cost associated? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](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) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). + [https://www.bloombergquint.com/mutual-funds/the-mutual-fund-show-active-versus-passive-investing-amid-virus-turmoil](https://www.bloombergquint.com/mutual-funds/the-mutual-fund-show-active-versus-passive-investing-amid-virus-turmoil) + +&#x200B; + +TLDR + +&#x200B; + +One in six and one in seven portfolios, actually outperform the index replication. That’s how difficult it is. You know index comes across as a very humble; a very simple instrument right? There is no alpha, no fancy words that are associated with it. There is no portfolio management premium, there is no alpha, and there is no stock selection. Another study pointing towards index investing. Because you can never find the perfect fund accurately and they always keep on changing every year! +Mine: + +Large caps will gain by year end although with lesser gain than in 2019 + +Mid caps: Revival will start by EOY with minor +ve gains as economy starts showing recovery + +Small caps: Will still be in red + +Also, nifty index funds will continue outperforming majority of active large caps +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) +Let say i am interested in investing in small cap stocks. But i don't want to select any mf for that. I just want 2 or 3 small caps in my portfolio. So what if i scan through all small cap mfs and pick 2 or 3 out of them. + +Sounds stupid but don't you think it is still better than just picking random small cap stock ? Because let say if a big mf house like hdfc is having 3-4% weightage in a particular small cap stock then it must be at least not utter crap. + +Let me know what you guys think. + +Again i know i can just opt for a particular small cap mf and do lump sum or sip. But that's not the point here. + +Any valid criticism or opinion is welcomed. +Out of curiosity, do you guys have an exit strategy for your investments? + +I completely follow with the long term wealth accumulation, however, there are times when I’m tempted to book profits in the short term, specially when some of the funds cross 15-20% annualised return, being out of exit load and LTCG of 1L tax free. + +Just wanted to know how others manage it. + +Cheers. + +> Edit - Thank you everyone for the responses, it honestly helps one learn a new perspective of more mature investors. Much appreciated! :) +Can you see this hearing? They're defending crypto, calling it innovation, saying not all crypto should necessarily be regulated, and a fellow hodler. + +Look how they are literally lifting btc from the grave. They are bullish as hell. +I apologize if this isn't the best place to ask this, but you all have been really helpful before and I don't know any better subs, so if there's a more appropriate place to ask this in, please let me know. + +My mom was out of work for six months due to what we thought were surgery complications, but turned out to be colorectal cancer that was never caught and is now stage 4. She was also terminated today since she won't be able to go back to work for the foreseeable future. I'm trying to figure out how to navigate COBRA, Medicaid (Missouri Healthnet), disability benefits, if cancer even qualifies as such... and I'm at a total loss. Her insurance stops covering her at the end of this month, and she's in the middle of chemo and needs home health, so unfortunately we don't really have any more than two days to figure this out. Now what? + +She lives in Missouri, mid 50s, two children living at home, one working adult, the other in high school. + +Edit: I'm aware that medical advice gets removed, so I'm just asking for help navigating coverage options. Feel free to PM, too. + +Edit 2: Holy moly, you are all wonderful people. I can't thank you all enough. I've received a lot of PMs too and if I had more time I'd reply to each and every one. I've been a student up until last summer, and so I've kind of been thrusted into the grittiest parts of adulthood really fast, but I've made a lot of phone calls today, and I feel like I have a grasp on all this. I'll reach out more tomorrow and next week to different resources and see what other options we have. I'm sure our battle with this has only just started, but you all have given me a lot of information, advice, and resources to refer to that I'll definitely need going forward. + +Word of advice to anyone who hasn't yet found themselves in a similar situation: HAVE AN EMERGENCY FUND. I was the only one among my siblings to have one when this started, and had I not had that I seriously cannot imagine what would have happened to my family. + +My mom has no idea what Reddit is and that I threw this question out here, and hopefully when we get to a good place regardless of her prognosis, I can tell her about all the kind people who helped her out through this. +So as the title says, my bank just rolled out an offer for a 4% interest rate on any new deposits. + +I’ve got a low hanging fruit emergency fund of $41,000 that I’ll be moving over to this offer by end of January when it’s eligible. + +Generally, all my investments have gone (in the order of priority) towards 401k (wife and I both max), taxable investment account managed by financial advisors, a Vanguard ETF, my own personal brokerage that I mainly gamble with, then crypto. + +Heavily debating if I dramatically up the amount I would drop in the savings account while it’s at a guaranteed 4% with how up and down the market has been. + +Happy to provide more details but would love thoughts if anyone has them. + +EDIT: Bank is Morgan Stanley +PSA: Prices going up from Tuesday. + +☕️ $1 coffee will be $2 +☕️ $2 coffee will be $3 +☕️ $3 coffee will be $3.50 + +Will you be still getting your coffee fix from here? + +Edit: 50c cheaper using a keep cup +It's ridiculous seeing some of the posts in here. This subreddit has become 10x worse to read in the past couple weeks now that alts have been going crazy and new dumb money is entering. People that make money off things like TRX and XRP become so ridiculously defensive of their coins or feel the need to clog every thread about how they got in at so-and-so price with so-and-so money. How are you contributing to any discussion by posting about how you bought 100 TRX at 10c and now you've made another $10? + +Some of you make a bit of money and you go insane, growing some weird emotional attachment to your coin. Every coin subreddit is a cancerous mess of parrots shouting to each other about going to the moon, "wish I bought earlier." No actual discussion or useful information, just "we're all gonna be rich!" + +Just take a second and consider whether what you're posting is actually worthwhile, or are you just making a bit of fast money for the first time in your life and want to brag about the $100 you made today in [random chitcoin]. I mean, go to any thread and look at the animosity in it. "FUDDERS!" "I'm laughing to the bank." + +Most of you probably think you are some noble altruists, money would never corrupt, and you make $100 and go insane. Just stop. + + +They claim that they were excited by new people coming in and let the door wide open. That is pure BS. All of these new posts are clearly attempts to paint us as "individuals influencing financial decisions". Paint us as a group. Pure and simple attempts to blame us later as a group which we are not. + +And banned words removed! The excuse - "don't know about it, let us fix it". Another BS. This is a clear security breach and someone or all of thee mods have a hand in this. + +I have been here long enough to see when mods badly eff up. I've seen it many times in the past and also seen mods facing the consequences. They can't act naive and childish to claim they were effing "excited". + +If they can't handle a simple matter of maintaining the security of the sub, they shouldn't continue as mods. Especially since things are moving more and more towards the end game and the tactics of outside forces are going to be more and more desperate. + +Someone needs to answer for all that has happened. That's the way this sub has worked until now. Remember that the very owner of the sub had to resign over a security breach not too long ago. +It seems like the most common barrier to entry is accredited investor status, but that has comparatively low requirements. That’ll get you past the basic requirements for HFs and syndicated real estate deals, but obviously if you’re on the lower end of the accredited investor range, you might not qualify for fund-specific requirements. There’s also qualified purchaser requirements ($5M+) which are quite a bit higher, but very few things I’ve looked at seem to require it. + +So what types of investments do the super rich get access to that we (“mere” accredited investors/7-digiters) don’t? +I sent 20 btc to the wrong address! I use the multibit client and was on the wrong tab (send instead of request) when I copied the wrong address! I was attempting to send 20 btc from my coin base wallet to my multbit client! *removed link to blockchain* here's proof of my mistake. I have no idea what address that is. It could've been bitpays but they denied and said they don't know the address of *address of old BitPay removed" + +10k+ gone :( + +Bitcoin protocol makes it impossible to reverse. Its a good and bad thing. + +So please double check your address and don't be a noob like me. + + +Edit: I've been contact and my 20 BTC has been return. Thank you to the bitcoin community and Stephan P. from BitPay. Thank you! + +Edit. The block chain link has public notes from scammers. Those are not me. My btc have already been returned. Removed my links above... +Not sure how many people are aware of this. + +I didn't know until reading about it today. + +Seems like everyone here should be aware of the change in ownership. + +Edit: + +The actual sale is not confirmed. However a new CEO was put in place in the days before the hack, this is coming from the @etherdelta twitter feed. +I was also unaware they began advertising the token sale prior to the hack. + +I first read about these developments in this comment thread which has more sourced info: +https://www.reddit.com/r/ethtrader/comments/7n1owu/scam_of_the_week_etherdelta_token_ico/dryfa3u/ +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! + + + +[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 pure speculation. + +From what I can tell, almost everyone got their splividend shares. This is not what we hoped for, but we all kinda knew it was comming. + +However, GameStop has very hard proof now, that distributing something limited, like shares, as a dividend is not a problem. + +I believe this is the setup, for a NFT dividend, once the marketplace launches. + +This puts GameStop in a better position than Overstock, in terms of legal issues. If an NFT dividend causes the market to go tits up, Ryan Cohen can always fall back on "But your honor, they distributed our split dividend with no issues. If that dividend was distributed with no issue, how could we have known this would happen?" + +Im calling it! + +The splividend was a feint, to cause a knee jerk reaction from the shorts. Lets sit back and wait for the counter. + +Edit: + +I dont think I expressed myself clearly enough. + +I am not saying that all shares has been delivered and they are genuine. Im saying that Wall Street is making it look like it. This is the knee-jerk reaction. + +Any smoothbrain who has spent a few days on here knows the shares we got are just more synthetics, or even just new numbers on your screen. + +DRS DRS DRS +I thought it would be good if people share which strategies they enjoy using! So, what's your personality type/ or lifestyle and how did you find a strategy that works well with them? +I been looking for my first rental property for a few months now, few days ago I found a property with 7 bedrooms close to downtown and college in a nice neighborhood, I went to see the property and is in good shape, no bigger issues, the owner told me she got widow and don't wants to live in that house anymore, and she's selling it for a lower price, now some numbers. + +* Price: 88000 +* DownPayment + closing costs: 13000 +* Mortgage monthly payment: 770USD at 10.30% +* Yearly taxes: 325USD +* expenses (internet, electricity, water, trash): 200USD/M + +She's currently renting each room at 180USD/months, and she occupies one of them, since I already have a place to live, I was planning to rent all of them, I was very close to close the deal when I decided to play the student role myself and search for students rooms in the area and what a surprise? most places are renting at 100USD-150USD, being the most common price 138USD, I made the math one more time and the property has negative cash flow, even if I increase the downpayment to 20%+. + +** The lesson: There's never enough research, don't just believe at what the current owner says, even if is an old lady who recently got widow. ** +Hi All, + +I posted this the other night requesting for [questions](https://www.reddit.com/r/Superstonk/comments/pz9pki/computershare_updated_their_faq_page_question/). + +People were more excited about pointing out that Charlie is wrong (spoiler, that's correct), and i got a few questions. + +However, I'm about to send an email off to their team that we're in touch with about FAQs, and what they can add to them. + +Please have a read of their newly updated FAQs: + +[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +Then proceed to ask any and all questions, yes I will go through everyone before I send the email off at Sunday 5pm AEST. + +Edit: Here's a link to u/Doom_Douche's [When you wish upon a star - a complete guide to ComputerShare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) that will be pinned back after this FAQ request. +To start off, I’ll just say I work at the airport and this is what been running through peoples mouths. + +I was unable to find WestJet being traded publicly, so I’ll assume their private but I’ll throw them in on this as well. We’ve had rumours floating around that they’re going to be looking at laying off roughly 30% to cut costs in these times. They’ve already offered voluntary leave, which many have taken. (You Can tell by the amount of Marshellers or baggage employees on the ramp.) + +As for Aircanada, I’m not sure if it’s publicly known (a quick google search showed nothing), but they’re looking at 2500 lay offs in the near future. Whether or not this is useful information for any of you, or whether it will actually come to light, I have no idea. But I’d rather share what I’ve heard. +Looks like he's serious about making his new album available for Bitcoin. + +Link to Coinbase tweet: https://twitter.com/SnoopDogg/status/409844208204140544 + +Link to Bitpay tweet: +https://twitter.com/SnoopDogg/status/409843247695925248 + +EDIT: Here is Snoop's Reddit account in case anyone wants to tip. http://www.reddit.com/user/Here_Comes_The_King +To get this started, here is my initial list with comments from personal experience. I will update this list based on your experience and feedback, trying to present a fair view of each option. + + +-------------------- + + +https://www.coinclerk.com + + +**PRO:** One-stop solution to buy a researched and diversified crypto portfolio without several exchanges and wallets. Also low fees from what I've heard. + +**CON:** In closed beta right now and will launch by invitation only to ensure service quality. (Saw the platform at an event a few weeks ago and would really love to get in.) + + + + +-------------------- + + +https://poloniex.com + + + + +**PRO:** Fast trades, offers coins some other exchanges don't. + + + +**CON:** Unavailable balances (e.g. right now STORJ), can be expensive, very bad customer service (unanswered tickets). Lots of community distrust. + + + +-------------------- + + +https://bittrex.com + + +**PRO:** Fast trades, offers coins some other exchanges don't. Customer service replies but it takes quite some time. + +**CON:** Some downtime recently and login issues reported. + +-------------------- + + + + + +https://www.gdax.com + + + + +**PRO:** Professional setup for trading, pretty easy to use. + +**CON:** Verification can take long, owned by CoinBase (dealbreaker for some). + +-------------------- + + + + +https://www.coinbase.com + + + +**PRO:** Good user interface and easy purchases. Instant buy options with certain debit cards. Initially starts at $500 USD instant buy limit, after 30 days it goes up to $2000 USD. + + + +**CON:** Slow, lots of downtime recently, only offers 3 coins. Not sure if it's a Coinbase issue or bank issue, but there may be unsuccessful deposits even if debit card is verified and used previously. There have been other users/reddit posts about this. + + + + +-------------------- + + +https://www.kraken.com + + +**PRO:** Pretty good community rep (some complaints), interface works well. + +**CON:** I read about withdrawal issues, which makes me nervous. Also, support totally overloaded, it can take weeks or months to get help, that sucks. + +-------------------- + + +https://www.bitfinex.com + + +**PRO:** Leveraged trading options (I wouldn't recommend touching that, but there you go). Good volume. + +**CON:** Customer support not great at times, had at least one hack I've heard of where they socialized the losses to all users, boo. Fees are mediocre. + +-------------------- + +https://gemini.com + +**PRO:** Ability to purchase crypto before full completion of bank deposit/wire. Once Gemini gets enough information on the desposit/wire you can buy cryptocoin but there's just a temporary hold on that amount for withdraw. This really helps if you're trying to buy the coin quick. + + +**CON:** Only has BTC & ETH. Only USD deposits. Some comments below say that accounts have been locked and funds are locked, not good if true. + + + + + +-------------------- + + + +**Now:** + +Over to you: What platforms do you recommend or dislike and why? Please share and I'll add them above as a resource for all of us. + + + +edit: typo + + +edit 2: added some feedback from you guys, will add more in a bit + +edit 3: added Gemini based on /u/liemle82 feedback, thanks + +edit 4: added more PROS/CONS for coinbase from /u/liemle82 - awesome! + +edit 5: received many notes about issus with Gemini, e.g. from /u/the-d0c-is-in below, added comment above + + + + +I’m looking to share a project with yourselves that I’ve been a part of since day 1. For a bit of background here, SHEESH has been started as a joke’ by a social media influencer Aaron Doh. As it quickly gained significantly more traction than expected, Aaron decided to turn it into a serious project assembling a team of +20 to work on every possible area ranging from Admins/Mods, Dev, Design, Strategy & Promotion. + +**Dev:** *Aaron Doh* **- Followers:** TikTok **5.7M**, YouTube **400k**, Twitter **300k**, Instagram **500k** + +[https://www.tiktok.com/@aarondoh](https://www.tiktok.com/@aarondoh) + +Before I go on to expand on why this genuinely is the next big thing, as well as the potential risks & downsides I will obviously advise everyone to DYOR - feel free to join the Telegram (1.5k) to ask questions about the project as we have an extremely welcoming community - [https://t.me/sheeshtokenchat](https://t.me/sheeshtokenchat) + +The dev is a big influencer, with his entire senior team being publicly doxxed on the SHEESH whitepaper: [https://sheeshtoken.com/whitepaper.pdf](https://sheeshtoken.com/whitepaper.pdf) \- I think it’s pretty clear the odds of him risking his whole public career which he spent 6 years building to scam a few random people on the internet, or even pump & dump his fans is simply not there. The project has genuine long-term potential which Aaron is intending to use his social media reach to promote with the first official influencer having been onboarded: + +*Spice King* \- **Followers:** TikTok **12M**, YouTube **230k**, Instagram **113k** + +[https://www.tiktok.com/@spicekingcam](https://www.tiktok.com/@spicekingcam) + +[https://direct.me/spicekingcam](https://direct.me/spicekingcam) + +This brings us onto both further marketing plans as well as roadmap for the project. SHEESH Token will be used for: + +1. It will be a link between the gaming world – both competitive/entertainment and crypto. This will include competitions and tournaments, with the first Rocket League tournament last Friday having been a huge success +2. It will be used as an influencer community engagement token – think giveaways, merchandise sales, fan engagement, NFTs, etc + +Due to SHEESH being strongly intertwined with the world of influencers the medium-term marketing strategy is mainly driven through social media partnerships. Aaron is currently in talks with multiple influencers, both content creators as well as influencers specifically in the crypto space. + +Aside from marketing what is currently being worked on is redesign of the website & branding. The team has recently deployed a number of graphic designers to ensure everything looks & runs more slick than it does already. CoinMarketCap & CoinGecko have both been submitted with CMC requiring some minor changes while CG is expected to be finalized anytime soon! + +I’m not going to blindly shill you this project, considering I clearly have money in it and it’s in my best interest for you to join in. Here are potential ‘risks’ or what would have to happen for this to not be a success: + +1. If the ‘Real Use Case’ will not be successfully implemented, hence ‘non-trading’ related traffic will not use the token and it can only grow off hype (ie. Like Safemoon or Doge). +2. Aaron & the team not being able to generate enough hype/marketing through their network of influencers and partnership deals. + +Assessing the likelihood of either of those failing is on you as the investor, so again I urge you to DYOR before throwing in any money. Also please don’t invest anything you don’t afford to lose. + +….now onto the fun stuff. + +**HOW TO BUY:** + +Never follow any Pancake links of random Redditors! + +Go on the website [https://sheeshtoken.com/](https://sheeshtoken.com/) and follow their official links there! There is also a quick guide on how to buy. + +**LINKS:** + +Ø **Contract:** [https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c](https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c) + +Ø **Telegram:** [https://t.me/sheeshtokenchat](https://t.me/sheeshtokenchat) + +Ø **Discord:** [https://discord.gg/Ssq8MdwQ2w](https://discord.gg/Ssq8MdwQ2w) + +Ø **Token Twitter:** [https://twitter.com/SheeshToken](https://twitter.com/SheeshToken) + +Ø **Token Website:** [https://www.sheeshtoken.com/](https://www.sheeshtoken.com/) + +Ø **Roadmap:** [https://i.imgur.com/Rm0bTIs.png](https://i.imgur.com/Rm0bTIs.png) + +Ø **White paper:** [https://sheeshtoken.com/sheesh.pdf](https://sheeshtoken.com/sheesh.pdf) + +Ø **Bogged chart:** [https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C](https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C) + +Ø **Liquidity locked:** [https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958](https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958) + +Ø **Subreddit:** [r/SheeshToken](https://www.reddit.com/r/SheeshToken/)/ + +Ø **Twitch:** [https://www.twitch.tv/sheeshtoken?sr=a](https://www.twitch.tv/sheeshtoken?sr=a) + +I feel super confident about this project and I hope you like it too. What convinced me to buy was low market cap and that he has loads of followers on Twitter, TikTok and YouTube. Talks are on going with a number of crypto influencers to come on board soon, and then the sky is the limit. Don't miss out, this is the best opportunity to get into a massive project early. +Hello everyone, + +I’ve been trading for about 6 months now, four months degenerate, 2 months theta gang, and I’ve noticed trading has a significant effect of how I feel, it’s as if the market has taken over my personality and made it almost as bipolar as the market is. I understand that theta gang is supposed to mean not stressing out, and your trades are 45 days out, but I can’t help but feel incredibly stressed on red days and incredibly euphoric on green ones. Do any of you have any advice? Stress also comes from seeing others make these 1000% plays and feeling as if I missed out, even though those plays are once in a blue moon. If anyone has gone through this, or has advice, I’d love to hear it, it’s keeping me from focusing in class, or anything I do now, and getting really bad. + +Thank you, + +Significantconflict3 + +Portfolio: + +https://imgur.com/gallery/qnJxWUa +I am planning to use webull and invest some money on US equity. Can anyone here guide me through or have some tips regarding taxation. + +Do I need to put taxes on profit in US and then when I withdraw to my Indian account pay taxes here again ?? + +I am confused. +I am thinking of buying a small plot of land. Rs 1 to 3 lac maximum. Preferrably the land will be kept for future appreciation in prices where I can resell it or have a developer build an apartment. + +Now I was wondering, whether there is any way to utilize the land and earn a regular monthly, quarterly or yearly passive income from it. I am not rich, so having my money tied up without generating any income is something I would rather avoid. + +Obviously setting up a house and renting it out would be the best decision but I don't have that much access to money to do so. The same goes for setting up a factory or business--I don't have that money. + +The only thing that comes to mind is, hiring someone to grow something like a mushroom where the profit is then split up (or some similar sort of arrangement). Regular agriculture would be too low return given the plot of land is too small (which is reflected in price). But I am out of ideas at the moment. + +Can someone suggest some low cost, practical ideas? +- My wife doesn't think I'm crazy +- My friends want to know more +- My mother brags to other people about her son +- General dissenters everywhere are stunned +- I think about how I can take care of the ones I love +- My manhood is 4 inches longer (not really) + +- Most important: I have a lot more confidence in this investment / experiment / experience +I constantly see FB posts about (Australian) parents bragging about spending only $150 a week on groceries for their family or four or five or more. + +We budget $350 a week for our family of four (plus 2 dogs and 2 cats and a gold fish that won’t bloody die). I consistently go over that amount by $200 - 300 a fortnight. + +I don’t know if I should be annoyed, because that money could go into my savings account, or realise I’m being unrealistic about my budget. + +What is your actual grocery budget for your family? + +* I include food, cleaning supplies, pet food, etc in my grocery budget. +LOT is back in action. We had some glitchy BSC gas prices yesterday which made it almost impossible to buy and sell for hours. The community held strong but a lot of new folks started to spread FUD and were nervous. As everyone can see now, there was no need for the drama. + + +The DEV's are solid. They are always available and care about the project and the community. What they have created is a game changer in the DEFI space. Who wouldn't want a chance to win indefinite lottery drawings!!! You can also keep and sell your ticket whenever you want and the ticket value is constantly increasing! + + +For those of you who don't know, LOT is a simple token to understand. + + +Tokenomics + + +The jackpot is powered by volume. There is a 6% fee on every transaction. + +💎 2% goes the the jackpot pool + +💎 2% gets burned + +💎 2% gets distributed to all holders + +💰 Jackpot pays out at 0.2% of the Mcap + +You buy the token and hold. That's it. You only need 1 token to be in the lottery pool which is filled by a 2% tax from every buy or sell transaction. Once the pot reaches a certain percentage of the circulating supply, the code randomly chooses a winner from the holders and instantly transfers the, roughly 2300, LOT to the wallet. You can make as many wallets as you want just like you can buy as many lottery tickets as you want. + + +It's genius and everybody loves it! See you all on the MOON! + + +Links: + +Website: https://lotterytoken.net + +Telegram: https://t.me/lotterytokenchat + +Charts: https://dex.guru/token/0x26898013A78754022Aa2165DaBaE3F01c8F6d9BD-bsc + +Contract: https://bscscan.com/token/0x26898013A78754022Aa2165DaBaE3F01c8F6d9BD +One was a prepaid Mastercard through Paypal, and the other was one through Netspend. I also had an offer letter from Cricket made out to another name. +**Update**: Thanks for all the feedback folks! I wrote this up pretty quickly, and in hindsight I would have spent more time on the upside and downside catalysts ('bull case' and 'bear case'?). I would have also ran a 10-year forecast, used a lower RFR and a lower terminal value commencing at end of 10-year forecast. + +Hi folks, been invested in FB for a bit over a year and entered into first position at \~$160. With 30% YTD increase in share price and recent run-up of tech I thought I would write a quick long thesis on why I am still invested. I know this is a US stock but if this type of post is useful i might give it a spin for the Canadian market. + +**Disclaimer**: This is not investment advice and I am not a licensed investment professional. this post is purely for for discussion purposes. Invest at your own risk. + +**Summary**: + +* **Current Price**: $302 per share +* **Target Price**: $350 per share +* **Implied upside**: 16% + +**Commercial** + +* Monthly active users ("MAU") grew 8% y/y to 2.5 billion in 2019. Growth in the US, Canada and Europe was flat y/y with primary growth from Asia-Pacific and Rest of World +* Average revenue per user ("ARPU") grew 17% y/y to $29.25 in 2019. On a constant market-by-market basis, ARPU grew 24% in the United States & Canada, 20% in Europe, 18% in Asia‑Pacific, and 16% in Rest of World. +* FB continues to innovate product offering and has recently launched *Reels* and *Instagram Shop* which should continue to monetize platform and grow ARPU +* Consumers are increasingly purchasing online, accelerated by adoption due to COVID-19. Older and wealthier demographic, which has been the slowest adopt online shopping have been introduced to online economy out of necessity. + +**Risks** + +* US anti-trust legislation, consumer privacy and content moderation hang over stock and could increase run-rate cost structure +* Though not yet played out, consumer spending decrease could cause online advertising spend to decrease, causing short-term volatility to earnings +* New platforms such as TikTok could take away market share from younger demographic and eat into long-term growth in MAU and ARPU + +**Forecast Assumptions** + +* **Sales**: Growth of 18% in 2020, decreasing steadily to 12% in 2024 in line with historical trend, and ARPU and MAU growth. Consumer sentiment continues for remainder of year and holiday spending season. +* **Cost structure**: 45% sustainable EBITDA margin and 22% capex load, which includes investments to content moderation, internal product development, and server expansion to support growth in content and video. +* **Tax** increasing to 28% to account for proposal from democrats to add conservatism + +[FB Forecast Assumptions](https://preview.redd.it/29yau7klytk51.png?width=971&format=png&auto=webp&s=217ffd3b981de0ebe6347577dfa358ca95fc5646) + +**Capital Structure** + +* 91% equity financed; 9% debt +* Cash reserves fully cover debt, resulting in net cash balance of $47B + +**Cost of Capital:** 7.75% based on: + +* ERP of 5.5% +* 5-year monthly Beta of 1.2 x +* Cost of debt of 1.8% +* Risk free rate of 1.7% (Higher than conventional RFR. used this as a 'plug' to increase discount rate to account for historically low interest rates and uncertainty of anti-trust legislation) +* Terminal Growth Rate of 6% (slightly higher than I would typically use, but felt appropriate given current growth rate trends, population growth and industry) + +**Intrinsic Value Calculation** + +[FB Intrinsic Value Calculation](https://preview.redd.it/n1tnv0giytk51.png?width=665&format=png&auto=webp&s=8b7e9be4debe117faf8c2a10a6a943a787264a94) + +**Comps Analysis & Football** + +* Very few comps to work with here given nature of industry. Focus of quality over quantify in comps. +* FB offers exceedingly good value in terms of both growth and valuation in comparison to peers, trading at roughly the same TEV/EBITDA to Alphabet but growing at twice the pace. + +[FB Valuation Comps](https://preview.redd.it/j65wh4wcytk51.png?width=1124&format=png&auto=webp&s=5304104992426a4f7bd11ec5720b99a3f0fcd3e2) + +[FB Operating Comps](https://preview.redd.it/og8po9naytk51.png?width=1132&format=png&auto=webp&s=57cc5db8ece159be2d646696135849503e25db5d) + +&#x200B; + +[FB Valuation Chart](https://preview.redd.it/6kef080gytk51.png?width=836&format=png&auto=webp&s=6f27dddccaf608e2058f1c3dc84cb6e77b276cea) + +**Conclusion** + +* Based on intrinsic value calculation and comparative company analysis, $350 price target appears appropriate +* The stock offers good value in comparison to the remaining tech sector and a good trade off of growth and value +You do not have to move onto a new rate immediately if you apply and are accepted onto a rate today. + +There’s been multiple posts / comments in this sub not knowing what to do if their mortgage expires mid / late 2023 when rates are predicted to peak. If you leave your current fix early, you may have to add an early repayment charge (ERC) onto your mortgage. But adding this on at today’s rates may be better than having no ERC but much higher rates in a few months time. + +The stress comes because some people seem to think they need to make a decision today. I was also under that illusion before talking to my mortgage advisor. For clarity, my mortgage expires in 9 months. + +So call your mortgage advisor and lock in a fixed deal at 3.8%-4.2%, as that’s what the current rates are. + +Then wait 6 months, remaining on your current deal and not paying any ERC yet. + +In 6 months time, you’ll be within 6 months of the end of your mortgage. You then have two options: + +1. Accept the offer you received today, paying the ERC and moving onto that new rate. + +2. Apply for a new deal that won’t charge an ERC if this works out to be cheaper (which it will if rates drop, remain constant, or rise slightly, but won’t if rates soar as predicted). If you apply for a new deal, you can again sit on this for up to another 6 months / until your current fix expires to stay on your current rate for as long as possible. + +TLDR: there’s no downside to securing a rate today, as you can decide in 6 months time whether you actually want to go for it. It will give you the peace of mind that it’s the absolute maximum you’ll pay for your future mortgage. +A lot of people are asking what to do in the midst of a bear market. Here are some decisions I’m making as a \~30 year old pursuing FI with an aggressive risk tolerance. I think of all of the items below as more productive financial planning moves than agonizing over falling account balances. Obviously your situation is your own, but I'm posting them here for feedback and anyone looking for a sanity check. + +**1 - Increasing 401(k) contributions:** I am tightening other areas of the budget to direct more money into my 401(k) due to the recent dip. I expect that 30 years from now when I can use this money I won’t regret it. + +**2 - Continuing scheduled investments:** My wife has a Roth IRA invested in 80% stocks and 20% bonds. we have a home purchase goal for next year invested in 100% bonds. Continuing to fund these regularly as we have. + +**3 - Rebalancing accounts:** This is happening automatically, so I’m not actually lifting a finger. But my accounts are being rebalanced which is effectively selling bonds and buying stocks because most of my accounts have drifted from their 80% stock, 20% bond allocation. + +**4 - Trying (and mostly failing) to stop watching daily market swings:** It doesn’t serve me at all to watch this stuff so I’m trying to pay less attention to sensationalist headlines on things I can’t control. + +**5 - Keeping my home purchase and emergency fund goals conservatively invested:** In tempted to dump these in stocks but recognizing the power of goals based investing. These portfolios have held up well in the volatility, so I’m going to let them keep doing their boring thing. + +**What I'm not doing.** As you filter your decisions, think about what I’ve decided not to do as the opposite of the decisions above. Those choices would be: + +* Stop contributing a 401(k) or withdraw money. Not happening. +* Cancel scheduled investments. Don’t get spooked, hamburgers are on sale. +* Let accounts drift. Not rebalancing means you end up with style drift. +* Staying glued to the ticker tape. It’s a cruel rollercoaster. +* Putting my emergency fund or home purchase money into stocks to “buy the dip.” That’s short term money and I don’t want to put it at risk. + +**4 steps I would take if I could:** These are things I would consider doing but they don't apply because I've already done them (option 1), I don't have the ability to (option 2/3) or don't need to (option 4). + +1. **Convert traditional IRAs to Roth.** It could be a solid time for a Roth conversion, paying taxes on money held in a traditional IRA now to never pay taxes on it again. If you have one this could be a good reason because 1) you won’t pay taxes on this transaction for 13 months, 2) it’s likely your account value dropped, 3) there may be additional tax relief next year depending on stimulus measures. +2. **Tax-loss harvest.** I don’t have many opportunities to do this with my portfolio primarily in retirement accounts. But this can be a powerful choice if you suddenly find yourself with losses. +3. **Dollar cost average in a large cash position.** I don’t have much dry powder, but if I did now is a time I would be aggressively averaging into stock indexes over the next few months as this plays out. +4. **Switch investment managers.** Not happy with your investment manager? It may be less expensive to switch to new management if you now have less in taxes to worry about. It’s important to leave for the right reasons, “I lost money” is probably not a good one because that’s the same story every long-term investor is dealing with right now. But if you’re paying high fees, don’t trust your investment manager, or want to move from self management to a fee only financial advisor, this could be a good time. +Why would you choose physical gold over a gold etf? It looks like with physical gold there is a premium you pay to a dealer. Then once you have it and need to sell it, wouldn't you need to go to a dealer once again selling it heavily discounted? Is the physical gold in the off chance the economy crumbled? Sorry if this is a stupid question, I'm just curious before I make a purchase myself. + + +Edit: wow thank you for all the responses and for my first gold! +https://www.cnbc.com/2021/01/26/microsoft-msft-earnings-q2-2021.html + +Earnings: $2.03 per share, adjusted, vs. $1.64 per share as expected by analysts, according to Refinitiv. + +Revenue: $43.08 billion, vs. $40.18 billion as expected by analysts, according to Refinitiv. + +Revenue from Microsoft’s Intelligent Cloud business segment, which includes the Azure public cloud, server products such as Windows Server, GitHub and enterprise services, totaled $14.60 billion. That’s up 23% year over year and above the $13.77 billion consensus among analysts polled by FactSet. + +Microsoft said Azure revenue grew 50%. Analysts had expected around 42% growth. Microsoft doesn’t disclose Azure revenue in dollars. + +Thanks for the awards. + + +I have had this theory since GameStop released the splividend. I am calling my theory “The Nuclear Button”. + +The basics of this theory are that GameStop will release an NFT dividend. + +Now there are two options for the SHF. + +Scenario 1: + +The SHF can scramble to acquire legitimate shares for their clients so they actually get the NFT’s from the DTCC (who may hold onto them again). Either way this will illuminate that each share/IOU is not backed by an actual share. This would cause the MOASS in the traditional sense everyone has been picturing all these years. + +Now what I believe is the originality of my theory is the following and why I call it the Nuclear button. + +Scenario 2: + +GameStop issues their NFT dividend. And then offer the EXACT SAME nft on their market place. For $10. Very reasonable, unsuspicious price. Why would GameStop do this? The SHF can just buy them and give them to the people they owe them to. Yes. Exactly. Say conservatively there is 1 Billion synthetic shares that need to be covered. Each one needs this $10 NFT for the SHF to maintain the illusion that everyone got their NFT Dividend. With the push of a button GameStop just profited $10,000,000,000. The SHF maintain their illusion of control the government is happy, GameStop is happy. “Whew that was close.” - Dtcc + +Then 1 week later GameStop issues another $10 NFT dividend. + +How much is the Government willing to pay to maintain the illusion of a Free market. Meanwhile the Company I love is profiting $10 Billion a week with the push of a button. + +Edit: I don’t believe this would be “attacking shf.” Of course a shf would never need to buy the nft dividend if there are only legitimate shares. + +Now imagine 5 billion shares are synthetic. Or the nft is $30 to buy. + +100% just an idea I wanted to share. I hope my flair is right. + +BUY. DRS. HODL!!! +This is it for any doubters out there. For all the anti ripple people. The sec is using ripple to come after crypto. They literally told the court that the ripple case will cause so much damage to them they will not be able to enforce cases. Just remember the sec never gave Eth and btc clearance. They were only opinions from Jay Clayton and Bill Hinman. They will come after miners, vitalik....everyone. +Hi everyone! + +I am new to crypto and have been following this sub for the last 6-7 months. Have found all your info very helpful so thank you for that! + +Since starting investing in crypto ive always thought it would be great if there was index to measure our portfolio performance against. So ive thought as a community we could come to a consensus on the top 20 coins you would consider worth HODLing for the next year or more and make a index that we could track maybe week to week with a post of something. The 20 could be equally weighted (5%/coin) or differently weighted (eg 50% eth) depending on your thoughts. It will start with a total value of $10000 (eg. 500/coin) and we will track absolute value and percentage gain and loss each week. + +Based on what ive seen on this subs posts and daily threads these seems like the 20 most favoured (in no particular order): + +1.ETH +2.GNT +3.REP +4.BTC +5.XRP +6.XEM +7.DGB +8.ARK +9.DASH +10.PIVX +11.FCT +12.SJCX +13.STRAT +14.DGD +15.WAVES +16.MLN +17.1ST +18.XMR +19.ZEC +20.MKR + +Please comment if you like the idea, any coins you think should / should not be included and if it should be weighted or not. Hopefully this takes off and we can use it as an index to rate our portfolios performance against! + +Update 1: There seems to be two camps atm: + +1. Those who like the idea of an index based on ethtrader decided top 20 for holding, perhaps weighted for market cap +2. Those favouring a traditional market cap weighted index similar to ASX200, FTSE, NASDAQ etc. + +Ill make a poll, that said we can always do both (comparisons between the two over time would be fascinating to watch!). Please continue to post coins you think should be included or methods of calculating the index you think would be best. + +Update 2: Have made a poll to decide inclusion criteria, weighting and size of index. Please vote! +https://www.surveymonkey.com/r/9VWYLDT + +Update 3: So far we have had 40 responses to the survey and the consensus seems to an Index of top assets for HODLing as decided by ETHTrader (60%), weighted by market cap (87.5%), comprising 10 coins/tokens (55%) at this point but please continue to fill it out. Now to decide the coins/tokens for inclusion we have one last survey to select your top 10 for hodling for at least 12 months from a list of the top 50 by market cap: + +https://www.surveymonkey.com/r/DJX2XY2 + +We will let both surveys run for a day or so then finalise the index based on the community consensus. + +Looking forward to seeing the results! + + +Update 4: The Indices are Complete! Congratulations everyone and thank you all for contributing. +Link for completed index post: https://redd.it/67fspe +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! + +How many of you gift up to the allowable taxable limit on a yearly basis? My grandfather used to give us (me, my brother and my parents), 10k (which was the limit at the time) each year, thinking we’d be able to use it now vs waiting for him to die. (That said, he had a lot more when he died). But I’m trying to figure out if having that safety net as a young person, knowing that money was coming every year, was a good thing or if it made me lazier than I would have been otherwise. AND if it would be a good thing to do for my own kids (who are 26, 23, 22 and 21). Or if it may actually be harmful. What are your thoughts on giving adult children money like that? + +Edited: So my own experience in receiving the 10k checks enabled us (I was married young) to purchase a new car with cash (we spent 26k on a new VW Passat wagon in 1996 with the help of one or two of those checks) when I was pregnant and my husband was entering law school. So yes that was helpful. I saw it as a nice cushion. We never had debt (until law school and then it was a very low interest rate) but we also were not big spenders. I did use the check to invest, some years. I bought some Apple stock (and sold it at some point for a handy profit down the line, probably for the house down payment) and one year we bought a piano with it. So, not wasteful! I never bought designer handbags or went on any shopping sprees. I think one of the responses was correct when they said “it depends on the kid”. But of course if we do it for one, we do it for all. Ironically (or maybe not so ironically), my child with the most respect for and care of money is the one who needs it least. Although all of them are holding their own and fully employed except my son who’s still in college. +Based on a previous conversation about private v public… what public US school districts would you say based on some personal knowledge or experience are as good as or better than private? + +I know it may not seem like an inherently FATfire question, but when trying to decide where to retire with kids this is a factor and if someone on this forum does not have to weigh cost into the choice between public and private and still chooses public that feels like a good testimonial (obviously local taxes are another thing that might make answers more appropriate for this audience as well) +I have worked in communications for the last 5 years and recently changed from one company to another (similar role). I quit my last job because the stress and anxiety was getting too much, and the demands were becoming too much (international company, night calls etc). At that company I'd worked my way up to $83K (base), then left for a new role of $95K (base). + +My new role is solely Australian based which is great as it means I have a more typical 9-5 day, but now I'm at the 6 month mark and can feel the stress piling up again and my passion for it just isn't there anymore. I am looking to change careers because I am realising it is just the communications field in general I no longer enjoy, but realistically with my mortgage I can't really earn less than $83K a year (base). + +Does anyone out there happen to work a fairly low stress job / industry that pays well? What industry or line of work are you in? I know I sound lazy but I just need something that pays well and doesn't stress me out to the point of anxiety. I have qualifications and I work hard, I just need something that isn't incredibly demanding and go go go all the time. + +Haha am I dreaming? + UPDATE!! + +the team just announced a preview of the NFT marketplace on their twitter page. + +[https://twitter.com/RowketMarket/status/1374676511349829636](https://twitter.com/RowketMarket/status/1374676511349829636) + +all of this happening while the value of $KET is skyrocketing + +&#x200B; + +since my last post about $Rowket two days ago, the price have jumped to 5x at some point scoring a new ATH every now and then. \[earlier post\]([https://www.reddit.com/r/CryptoMoonShots/comments/m9tsto/rowket\_a\_new\_nfts\_marketplace\_on\_bsc/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/CryptoMoonShots/comments/m9tsto/rowket_a_new_nfts_marketplace_on_bsc/?utm_medium=android_app&utm_source=share)) + +MARKETCAP: $1.6m TOTAL SUPPLY: 48,039,357 Time Since Launch: 7 days ago + +Tokenomics: + +\- 50,000,000 Total Supply at launch + +\- 3% Tax on each tx (2% burn, 1% holders) + +&#x200B; + +I've got a lot of questions from users the past 48 hours asking about this project and here's what i got. + +\- first thing, no its not a useless pump and dump, the team is working on the project and it's has only been 7 days since launch. + +\- a marketplace is being worked on, it should be ready within 1-2 weeks, and $KET is the primarily token to trade with it. + +\- it's a community driven project with a real use case solving an existing issue for high gas fees and providing a platform with low fees to a huge fan base. + +\- First project on BSC of it's kind that provides a platform to the new markets of NFTs, and it will be using it's own currency "$KET". + +\- dev worked on both $MAGI and $LIGHT projects, a successful projects growing till this day, he's not an anonymous person. + +\- NFT farming is in the plans after marketplace launch. + +\- And the team is already signing up independent artists to create unique/original art to sell, there are already 2 independent artists in their Community channels answering any questions you might have. + +\- as of right now there's a max buy/sell of 500k tokens at once. + +\- as of right now the marketcap is 1.6M only 7 days since launch and a direct competitor has a marketcap of 100M+ which is even considered a low MC for such a project. + +\- cg and cmc listing coming very soon, litepaper coming out in less than 48hrs, roadmap being worked on. + +\- the team is doing airdrops everyday for various NFTs until the marketplace is launched. + +\- liquidity burnt. + +imo this will go big at least 30X midterm :) + +Lastly, am not paid to say this and do your own research. + +&#x200B; + +Website: [https://rowket.org/](https://rowket.org/) + +Contract address: 0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9 + +Where to buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9) + +chart : [https://www.livecoinwatch.com/price/Rowket-KET](https://www.livecoinwatch.com/price/Rowket-KET) + +Chart 2: [https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9](https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9) + +&#x200B; + +more links in comments. +https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-deny-payment-even-if-you-share-atm-pin-with-spouse/articleshow/64488850.cms +Just a thought I had recently. +If I am a long term investor, dividends that are paid out to me will lose 30% of their value in income tax. +Isn't it better that these dividends are never paid out, remain with the company/stock and add reflect indirectly in the form of growth in stock price or ETF/Index fund NAV? When you sell these units eventually you will have to pay LTCG whose value is much lower than income tax. +The corollary is that for a young, long term investor with years on the horizon, it is better to buy ETF/Index funds with low TER or non-dividend paying stocks. +Would you say this calculation is correct? +I personally hope it carries on for a few months so I can snatch up my fave coins on discount. + +But I just confess I am surprised at how happy and calm I am. I'm still in profit as I bought in late January but I am super excited about pay day coming soon and it's a huge discount! + +End of the day everything I have paid in is money i was prepared to loose and I plan to hodl for a long time. + +Yes at first I was a bit panicked when Elon first tweeted but the day after waking up and seeing an even larger dip I was genuinely excited! I little end of lockdown sale! +repost from [https://www.reddit.com/r/Superstonk/comments/u0uemq/can\_we\_make\_a\_list\_of\_the\_companies\_that\_bcg\_has/](https://www.reddit.com/r/Superstonk/comments/u0uemq/can_we_make_a_list_of_the_companies_that_bcg_has/) + +I figure this will not only help Apes look into and compare what BCG has done at other companies to what they did, or rather failed to do at Gamestop. + +\- Taco Bell + +\- someone said they are the reason Butterfinger doesn't taste as good anymore + +[u/ammoprofit](https://www.reddit.com/u/ammoprofit/) has been doing an awesome job collecting DD on BCG [https://www.reddit.com/r/Superstonk/comments/tnjmwf/bcg\_research/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/tnjmwf/bcg_research/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +the following are all from the research under the same post, and I wanna thank all the apes that did their homework so I could copy it... [https://www.reddit.com/r/Superstonk/comments/tzx1p0/anyone\_care\_to\_play\_this\_game/?sort=top](https://www.reddit.com/r/Superstonk/comments/tzx1p0/anyone_care_to_play_this_game/?sort=top) + +\- ADT + +\- Circuit city + +\- Radioshack + +\- Rite Aid + +\- JC Penny + +\- Neiman Marcus + +\- Macy's + +\- GO GO GO + +\- Blackberry + +\- H&M + +\- Airtrans + +\- Woolworths + +\- Kohl's + +\- Ubisoft + +\- Atari + +\- FutureShop + +\- Dress for Less + +\- Nokia + +\- Shoe Carnival + +\- Ahold Delhaize(parent company of grocery chain Stop & Shop) + +\- Applebee's and IHOP (Dine Brands Global) + +\- Paypal + +\- Red Lobster + +\- Barnes & Nobel + +\- Nektar Therapeutics + +\- Marks and Spencer + +=============================== + +following few found by /[u/PmMeWifeNudesUCuck/](https://www.reddit.com/user/PmMeWifeNudesUCuck/) + +\- General Motors + +\- Pacific Gas and Electric Company + +\- CIT Group + +\- Enron (huh) + +\- Conseco + +\- MF Global + +================================ + +following few found by [/u/IEatSweetTeeth/](https://www.reddit.com/user/IEatSweetTeeth/) + +\- Quiznos, Qdoba, and Taco Del Mar + +[https://www.nrn.com/people/quiznos-parent-taps-qdoba-veteran-chief-brand-officer](https://www.nrn.com/people/quiznos-parent-taps-qdoba-veteran-chief-brand-officer) + +\- Maybe Under Armour too + +[https://www.linkedin.com/in/jason-constantino-3aa29854](https://www.linkedin.com/in/jason-constantino-3aa29854) + +\- Focus Brand group umbrella: + +Auntie Anne’s, Cinnabon, Jamba, Moe’s Southwest Grill, McAlister’s Deli, and Schlotzsky’s + +Added a BCG guy to their board of directors + +[https://www.focusbrands.com/focus-brands-announces-new-addition-to-board-of-directors/](https://www.focusbrands.com/focus-brands-announces-new-addition-to-board-of-directors/) + +Maybe they have a thing for chipotles competitors… + +\- Noodles and company + +================================ + +another Ape , /[u/frickdom/](https://www.reddit.com/user/frickdom/) made this list...yes, it has duplicates to this list, but I want to preserve the list they made... + +GameStop, + +Bed Bath and Beyond, + +Sears, + +Tacobell, + +Rite Aid, + +Boeing, + +Circuit City, + +Radio Shack, + +Lehman Brothers, + +Spectrum, + +Kroger’s, + +Ascena, + +Ann Taylor, + +Neiman Marcus, + +JC Pennys, + +ADT + +,KB Toys, + +Toys R Us, + +eToys, + +USPS, + +K-mart, + +Ames, + +AFM, + +KLM Air France, + +Enron, + +Blockbuster, + +MF Global + +,24hour fitness, + +Red lobster, + +Tim Hortons, + +Barnes and noble, + +Lululemon, + +UPS, + +Pfizer, + +Johnson and Johnson, + +Moderna(?), + +Amazon, + +Walmart, + +McDonald’s, + +Disney. + +============================ + +[/u/Aenrichus/](https://www.reddit.com/user/Aenrichus/) said Kodak, Chrysler, and General Motors + +They had a hand in ruining Kodak despite them inventing the first digital camera. + +[https://www.linkedin.com/pulse/unsuccessful-crisis-leadership-tragic-downfall-kodak-eric-flamholtz](https://www.linkedin.com/pulse/unsuccessful-crisis-leadership-tragic-downfall-kodak-eric-flamholtz) + +[https://adamhartung.com/tag/kodak/page/4/](https://adamhartung.com/tag/kodak/page/4/) + +[https://europe.autonews.com/article/20090414/ANE/304149975/treasury-pays-firm-7-million-to-assist-on-gm-chrysler-plans](https://europe.autonews.com/article/20090414/ANE/304149975/treasury-pays-firm-7-million-to-assist-on-gm-chrysler-plans) + +========= + +[/u/bmhart17](https://www.reddit.com/u/bmhart17/)/ said LabCorp [https://imgur.com/a/4qd97nB](https://imgur.com/a/4qd97nB) + +========= + +[/u/AutoThorne/](https://www.reddit.com/user/AutoThorne/) said BCG attacking Canada [https://www.theglobeandmail.com/business/article-ottawa-working-with-us-consulting-firm-to-draw-early-plan-for/](https://www.theglobeandmail.com/business/article-ottawa-working-with-us-consulting-firm-to-draw-early-plan-for/) + +[/u/Yattiel/](https://www.reddit.com/user/Yattiel/) added this [https://www.reddit.com/r/Superstonk/comments/u12ibn/the\_canadian\_government\_has\_hired\_bcg\_wtf/](https://www.reddit.com/r/Superstonk/comments/u12ibn/the_canadian_government_has_hired_bcg_wtf/) + +========= + +[/u/DMDTT/](https://www.reddit.com/user/DMDTT/) said Fidelity Vice President and Head of HR previously worked at Boston Consulting a group [https://www.reddit.com/r/Superstonk/comments/u165gh/fidelity\_vice\_president\_and\_head\_of\_hr\_previously/?sort=top](https://www.reddit.com/r/Superstonk/comments/u165gh/fidelity_vice_president_and_head_of_hr_previously/?sort=top) + +========= + +[/u/Kaiser1a2b](https://www.reddit.com/u/Kaiser1a2b/)/ sad NBN Co [https://www.reddit.com/r/Superstonk/comments/u15h3q/aussies\_ever\_wonder\_why\_nbn\_is\_so\_shit/](https://www.reddit.com/r/Superstonk/comments/u15h3q/aussies_ever_wonder_why_nbn_is_so_shit/) + +========= + +[/u/Weedbro](https://www.reddit.com/u/Weedbro/)/ said KLM Air France [https://www.reddit.com/r/Superstonk/comments/u00viu/another\_big\_company\_ruined\_because\_of\_bcg\_klm\_air/](https://www.reddit.com/r/Superstonk/comments/u00viu/another_big_company_ruined_because_of_bcg_klm_air/) + +========= + +[/u/dweir82/](https://www.reddit.com/user/dweir82/) said Wollworths [https://www.reddit.com/r/Superstonk/comments/u1821g/bcg\_partner\_amitabh\_mall\_joins\_woolworths\_in/](https://www.reddit.com/r/Superstonk/comments/u1821g/bcg_partner_amitabh_mall_joins_woolworths_in/) + +========= + +[/u/bakedbeansandwhich/](https://www.reddit.com/user/bakedbeansandwhich/) said Telefonica [https://www.reddit.com/r/Superstonk/comments/u16ns2/bcg\_connection\_with\_telefonica\_a\_company\_with/](https://www.reddit.com/r/Superstonk/comments/u16ns2/bcg_connection_with_telefonica_a_company_with/) + +=========[u/WHITE--PANTHER96](https://www.reddit.com/user/WHITE--PANTHER96/) said BCG has some sister companies in France. [https://www.reddit.com/r/Superstonk/comments/u15vfu/bcg\_has\_some\_sister\_companies\_in\_france/](https://www.reddit.com/r/Superstonk/comments/u15vfu/bcg_has_some_sister_companies_in_france/) + +======[u/HeRdERay](https://www.reddit.com/user/HeRdERay/) said US Covid related contracts awarded to BCG [https://www.reddit.com/r/Superstonk/comments/u16rb5/us\_covid\_related\_contracts\_awarded\_to\_bcg/?sort=top](https://www.reddit.com/r/Superstonk/comments/u16rb5/us_covid_related_contracts_awarded_to_bcg/?sort=top)====== + +[u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) said This guy is connected to State Street, a European investment firm with half a trillion in assets, the Mercatus Center AND BCG [https://www.reddit.com/r/Superstonk/comments/u17pb6/this\_guy\_is\_connected\_to\_state\_street\_a\_european/](https://www.reddit.com/r/Superstonk/comments/u17pb6/this_guy_is_connected_to_state_street_a_european/) + +====== + +[u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) BCG influencing Saudi Arabia [https://www.reddit.com/r/Superstonk/comments/u17f96/im\_sure\_this\_is\_fine/](https://www.reddit.com/r/Superstonk/comments/u17f96/im_sure_this_is_fine/) + +=========[u/Maleficent-Rub-4805](https://www.reddit.com/u/Maleficent-Rub-4805/) found **a link between BCG consulting and Npower UK** [https://www.reddit.com/r/Superstonk/comments/u15frp/ive\_found\_a\_link\_between\_bcg\_consulting\_and/](https://www.reddit.com/r/Superstonk/comments/u15frp/ive_found_a_link_between_bcg_consulting_and/) + +=========[u/Super\_Share\_8721](https://www.reddit.com/u/Super_Share_8721/) found NY Gov Cuomo hired BCG [https://www.reddit.com/r/Superstonk/comments/u1aowb/its\_a\_bold\_strategy\_cotton\_lets\_see\_if\_it\_pays/](https://www.reddit.com/r/Superstonk/comments/u1aowb/its_a_bold_strategy_cotton_lets_see_if_it_pays/) + +========= + +[u/Upstairs\_Sense2437](https://www.reddit.com/u/Upstairs_Sense2437/) found BCG firms in Romania[https://www.reddit.com/r/Superstonk/comments/u15mn0/bcg\_firm\_in\_romania\_shady\_af\_headquarters/](https://www.reddit.com/r/Superstonk/comments/u15mn0/bcg_firm_in_romania_shady_af_headquarters/) + +=========[u/lxUPDOGxl](https://www.reddit.com/u/lxUPDOGxl/) found BCG is attacking AUstralia [https://www.reddit.com/r/Superstonk/comments/u11q33/bcg\_also\_fucking\_australia/](https://www.reddit.com/r/Superstonk/comments/u11q33/bcg_also_fucking_australia/) + +========= + +[u/Independent-Ad4660](https://www.reddit.com/u/Independent-Ad4660/) found **Department of Veteran Affairs** [https://www.reddit.com/r/Superstonk/comments/u16jd0/if\_you\_know\_anything\_about\_the\_department\_of/?sort=top](https://www.reddit.com/r/Superstonk/comments/u16jd0/if_you_know_anything_about_the_department_of/?sort=top) + +========= + +[u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) found BCG, Microsoft, the NYSE and Starbucks (lol) partnered to make a crypto exchange/wallet in 2018. They are financially connected to each other. Citadel, point 72 and Apollo all have ownership of the company.[https://www.reddit.com/r/Superstonk/comments/u0z1iy/bcg\_microsoft\_the\_nyse\_and\_starbucks\_lol/](https://www.reddit.com/r/Superstonk/comments/u0z1iy/bcg_microsoft_the_nyse_and_starbucks_lol/) + +========= + +[u/itsabittricky](https://www.reddit.com/user/itsabittricky/) found BCG attacked **Sri Lanka** [https://www.reddit.com/r/Superstonk/comments/u0xoug/anybody\_watching\_the\_news\_of\_sri\_lankas\_crumbling/](https://www.reddit.com/r/Superstonk/comments/u0xoug/anybody_watching_the_news_of_sri_lankas_crumbling/) + +============= + +that's all for now, as of 3:21pm EST on April 11, 2022 + +============ + +[/u/packof18](https://www.reddit.com/u/packof18/)/ found World Wildlife Fund for Nature WWF [https://wwf.panda.org/act/partner\_with\_wwf/corporate\_partnerships/who\_we\_work\_with/boston\_consulting\_group/](https://wwf.panda.org/act/partner_with_wwf/corporate_partnerships/who_we_work_with/boston_consulting_group/) and + +[https://www.case48.com/bcg-case/17907-World-Wildlife-Fund-for-Nature-WWF](https://www.case48.com/bcg-case/17907-World-Wildlife-Fund-for-Nature-WWF) + +========= + +[/u/Successful-Visit-833/](https://www.reddit.com/user/Successful-Visit-833/) found Lego [https://www.bcg.com/publications/2017/people-organization-jorgen-vig-knudstorp-lego-growth-culture-not-kid-stuff](https://www.bcg.com/publications/2017/people-organization-jorgen-vig-knudstorp-lego-growth-culture-not-kid-stuff) + +========= + +[**Gmatoshenriques**](https://www.reddit.com/user/Gmatoshenriques/) said Ralph lauren + +[https://www.retaildive.com/news/ralph-lauren-unloads-club-monaco-to-private-equity/600122/](https://www.retaildive.com/news/ralph-lauren-unloads-club-monaco-to-private-equity/600122/) + +Former BCG consultant: + +[https://careers.bcg.com/blogarticle/fashion-industry-consulting](https://careers.bcg.com/blogarticle/fashion-industry-consulting) + +======== + +[/u/augh17/](https://www.reddit.com/user/augh17/) said Activision/Blizzard[https://imgur.com/a/IYx6pRx](https://imgur.com/a/IYx6pRx)[https://www.case48.com/bcg-matrix/5569-Activision-Blizzard-Inc](https://www.case48.com/bcg-matrix/5569-Activision-Blizzard-Inc) + +=============================== + +And it seems BCG is currently attacking Burger King and Subway... + +If you have anymore names, please share. + +\-------------- + +[**Corporal\_Retard**](https://www.reddit.com/user/Corporal_Retard/) **said** + +Revlon + +[https://www.reddit.com/r/Superstonk/comments/vaej63/boston\_consulting\_group\_bcg\_hired\_by\_revlon\_plans/](https://www.reddit.com/r/Superstonk/comments/vaej63/boston_consulting_group_bcg_hired_by_revlon_plans/) + +\------------------- + +[**Duluh\_Iahs**](https://www.reddit.com/user/Duluh_Iahs/) **said** + +FedEx [https://www.case48.com/bcg-matrix/12665-FedEx](https://www.case48.com/bcg-matrix/12665-FedEx) + +\---------------- + + [**wboard**](https://www.reddit.com/user/wboard/) **said** + + Carvana [https://www.case48.com/bcg-matrix/4917-Carvana-Co](https://www.case48.com/bcg-matrix/4917-Carvana-Co) + +\---------------- + +[**CopperSavant**](https://www.reddit.com/user/CopperSavant/) **said** + +Harley Davidson... Black and Decker [https://explorer.loopring.io/nft/0xfa76205369a116f3a8df967f148ae55948c5eab7-0-0x70870abdc3566f2d7d5b5836121a9c9a22af7232-0x0c0ced630d2db9a7ed114c3e9981a849684d82101dfac59108b03902f38a59dc-10](https://explorer.loopring.io/nft/0xfa76205369a116f3a8df967f148ae55948c5eab7-0-0x70870abdc3566f2d7d5b5836121a9c9a22af7232-0x0c0ced630d2db9a7ed114c3e9981a849684d82101dfac59108b03902f38a59dc-10) + +\---------------- + +[**TimelessBaller**](https://www.reddit.com/user/TimelessBaller/) **said** + +In the middle east too + +[https://www.reddit.com/r/Superstonk/comments/ue65fd/a\_friend\_told\_me\_lebanon\_has\_been\_going\_through\_a/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ue65fd/a_friend_told_me_lebanon_has_been_going_through_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +\---------------- + + [**Freadom6**](https://www.reddit.com/user/Freadom6/) **said** + +Pizza Hut + +[https://www.reddit.com/r/Superstonk/comments/u0whz1/moar\_bcg\_connections\_former\_bcg\_project\_leader/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/u0whz1/moar_bcg_connections_former_bcg_project_leader/?utm_medium=android_app&utm_source=share) + +\---------------- + + [**n8bman**](https://www.reddit.com/user/n8bman/) **said** + +**behind the scandal at Swedens hospital - New Karolinska** + +[https://www.reddit.com/r/Superstonk/comments/tmrw9p/boston\_consulting\_group\_were\_the\_people\_behind/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/tmrw9p/boston_consulting_group_were_the_people_behind/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +\---------------- + + [**1970Westyvibes**](https://www.reddit.com/user/1970Westyvibes/) **said** + +T-Mobile + +[https://www.case48.com/bcg-matrix/6190-T-Mobile-US-Inc](https://www.case48.com/bcg-matrix/6190-T-Mobile-US-Inc) + +\---------------- + + [**JMRregister**](https://www.reddit.com/user/JMRregister/) **said** + +BCG leveraging a coordinated sales website to obtain internal business data and strategies of United Airlines, Northwest Airlines, Continental Airlines, Delta Air Lines and American Airlines. + +[https://www.nytimes.com/2000/05/20/business/airlines-site-is-under-inquiry.html](https://www.nytimes.com/2000/05/20/business/airlines-site-is-under-inquiry.html) + +[https://www.wsj.com/articles/SB947725431349966671](https://www.wsj.com/articles/SB947725431349966671) + +\---------------- + +&#x200B; + +This is not financial advice. I buy, I hold, I like to move it move it. +Guten Tag to this global band of Apes! 👋🦍 + +I've seen some very compelling posts recently about the 'Critical Margin Theory', and while I cannot say for certain that I subscribe to the idea, the data does make a great case. +Last week we saw quite a lot of upward momentum on low volume, but each time there would be a sudden reversal. +With borrow rates remaining high, it makes sense that the maintenance cost of the short positions would be rapidly driving the margin calls lower. +Sustained pressure from Apes DRSing and HODLing with Diamantenhände makes me expect that we're going to continue to tickle the shorts right in the margin call zone. +Is this the week that they'll lose control? + +Whatever happens, remember that when the MOASS begins, there is no limit to the fuckery that is going to be directed at Apes to get them to sell shares at a discount. +The media is going to be in overdrive, spinning stories of individuals losing their pension to cold-hearted HODLers. +There will be brokers that screw over their customers in any number of ways. +There will be shills in every thread, on every discord and subreddit. +I plan to continue here daily, but I would not put it beyond their reach to hijack my account and shill from 'within'. +And so, I am offering some advice before that day comes in the hopes that it inoculates some against the inevitable attempts to stunt the MOASS. + +First, make a list. +Make a list of all of the reasons that you bought GME, and the reasons that you HODL GME. +List the reasons that you would sell *any* of your GME. +This list is yours alone. +Each of us will have a different list. +Write your list on paper. +Look at your list daily. +Curate your list. +Think back on why you first bought GME - is that reason on your list? +Is who you HODL for on your list? +Will your list change your life? + +Will your list change the world? + +When the MOASS comes, ignore everything except your list. +Look at your list, and consider whether you can cross everything off of it. +Remember - this is your list alone, and it is not going to be the same answer for every Ape. +Do not let the FUD machine change your list during the MOASS. + +Let your list alone be your guide. + +Today is Monday, June 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: **$135.77 / 129,01 €** *(volume: 749)* +- 🟩 115 minutes in: $135.79 / 129,02 € *(volume: 744)* +- ⬜ 110 minutes in: $135.76 / 129,00 € *(volume: 742)* +- 🟩 105 minutes in: $135.76 / 129,00 € *(volume: 742)* +- 🟩 100 minutes in: $135.74 / 128,99 € *(volume: 684)* +- 🟩 95 minutes in: $135.65 / 128,89 € *(volume: 684)* +- ⬜ 90 minutes in: $135.55 / 128,81 € *(volume: 544)* +- ⬜ 85 minutes in: $135.55 / 128,81 € *(volume: 544)* +- ⬜ 80 minutes in: $135.55 / 128,81 € *(volume: 523)* +- 🟩 75 minutes in: $135.55 / 128,81 € *(volume: 516)* +- 🟩 70 minutes in: $135.50 / 128,75 € *(volume: 515)* +- 🟩 65 minutes in: $135.41 / 128,66 € *(volume: 412)* +- 🟩 60 minutes in: $135.09 / 128,37 € *(volume: 412)* +- 🟩 55 minutes in: $135.05 / 128,33 € *(volume: 412)* +- 🟩 50 minutes in: $134.93 / 128,21 € *(volume: 405)* +- 🟥 45 minutes in: $134.54 / 127,84 € *(volume: 301)* +- 🟩 40 minutes in: $134.60 / 127,90 € *(volume: 301)* +- 🟩 35 minutes in: $134.59 / 127,89 € *(volume: 292)* +- 🟥 30 minutes in: $134.59 / 127,88 € *(volume: 274)* +- 🟥 25 minutes in: $134.62 / 127,92 € *(volume: 270)* +- 🟩 20 minutes in: $135.23 / 128,50 € *(volume: 157)* +- 🟩 15 minutes in: $135.22 / 128,49 € *(volume: 154)* +- 🟩 10 minutes in: $135.15 / 128,43 € *(volume: 149)* +- 🟥 5 minutes in: $135.07 / 128,34 € *(volume: 122)* +- 🟩 0 minutes in: $135.26 / 128,53 € *(volume: 110)* +- 🟥 US close price: $135.21 / 128,48 € *($135.88 / 129,11 € 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 1.0524. 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! +Is it a bad idea to buy right now?? I am looking at a single family home and I want to be a home owner. In my area (Minneapolis and metro) homes all over are seeling for 25-45k over asking price. It's hard to tell thought since IMO, the list price is lower than it should be so it attracts multiple buyers in order to get high bids, sort of like a silent auction. Houses are listed Friday with offers due early Sunday and get 15-30 bids. They know people are willing to spend up to 50k over. So.... I think if I am able to get a house for \~15k (or less) over asking, you are in decent shape. Anything over that, doesn't seem worth it. It's just crazy and stressful. Not fun being a first time home buyer. I am 0-4 on bids with 3 being 10k over asking and the most recent one 17k over. + +For the sake of the post, I am in good financial standing to be a homeowner so lets leave that part out. Let's assume there are no financial issues and that I am absolutely staying under my budget (which makes it tougher to find a house and bid since I typically have to look at cheaper houses and bid more to even have a chance). + +Thanks! +I am in my mid 20s and have 10k in the bank with a stable job. I am able to put back 1750 a month and no debt. My credit is pretty good and I have spent the last few months really wrapping my head around real estate investing (tired of paying rent). My resources are mostly bigger pockets podcasts and the bigger youtube channels. + +I reached out to a contractor friend of my parents and offered to work for free for a few weeks about 10hrs per week simply to learn more about how to estimate costs and get a feel for renovations. I have read I need a contractor who is licensed and bonded to do the bigger repairs, but I figured I could do the cosmetic side of things. + +From what I have gathered my best option will be an FHA 203k loan so I can cover repair costs while still having a cushion in the bank for emergencies. I am also aware I need to live in one unit for a year. Then I plan on saving another year and going with the BRRR strategy. Other than finding a deal that makes sense and will cash flow, does this sound like the right strategy for me? What advice would you give to someone in this position? + + + + +to 12c from 24c. So there's the much expected move re: the dividend. Has only done this two other times - the Great Depression and 2008 Global Financial Crisis. This is the only time that it has not lessened the dividend because of the global economic environment. + +Investor day later this morning. Stock down 34% YTD. + +Edited: I guess this is going over well: https://www.cnbc.com/2017/11/13/ge-to-focus-on-three-key-units-exit-most-other-operations-wsj.html. I still think it should be broken up. +Two days ago, a mysterious whale market sold 6 times crashing the price on Gemini from $930 to $800 each time. The whale sold at least $15 million in 15 minutes. This selling was the exact point when the market crashed. Is this insider trading or something more sinister? + https://steemit.com/cryptocurrency/@kjnk/was-this-insider-trading +I recently started reading *Security Analysis* and Graham mentions several times forms of investments that were considered no-brainers during their time. Company bonds, US bonds (when they still paid high interest), railroad stocks etc. For basically all of them it turned out that this assumption was false and they ceased to be good investments (at least not under every possible circumstance). + +Today everyone is screaming to invest in index ETFs. People argue to not even think about it, to just do it. In general I think not thinking about your investments is a bad idea. If we look at the last 30 years of the Japanese NIKKEI, it's been trading sideways for that timeframe, even down a little. + +Am I crazy to think that our periods no-brainer can turn out to be what every other periods no brainer was: Something too good to be true? +https://i.imgur.com/2v4190H.png + +Source: Fidelity Research Compare Tool + +Amazon has been spending a lot of their income in operating expenses and CapEx. When do you think will the company start having positive free cash flow and pay off its debt, like the rest of the top megacaps? +Hi there, + +I'm 33 and my wife (33) and we have recently paid off (in full!) our Sydney home (where we live) which I bought when I was 18. The house is valued at $1.7M. I've been very fortunate to buy when I did but we have worked hard to pay it down. + +We have recently started considering the idea of cashing out about 1.3M of the available equity and lumping it into an Index Fund. + +I wonder if this would be standard practice for folk in this community considering the market returns (5%+) vs interest cost (~3%) + deductibility of cashout loan interest. + +Merry Christmas + +EDIT: +Household income is $180k + +Super balance is $300k combined + +Goals: retire in early 40s (or at least have the option) +I've noticed that many of my stocks, especially the 'riskier' ones, are all down. I'm thinking that many people are selling these other stocks to get in on the GME, AMC, BB, etc. pump. Thoughts? +Don't buy! Be wary of Chinese stocks trading on American exchanges with low market cap this morning. If you are being told by some stranger online to buy , wake up! It's a scam. If you bought, sell it immediately before it collapses. + +A couple of months ago I posted about a pump and dump orchestrated by a scammer group that targets people through social media (mainly Canadians). This is happening again this morning.I'm posting here in the hopes that this post will show up whenever someone searches $TIRX online, as there isn't much information about it out there. + +There were a lot of victims last time this happened. As a reminder, check in with your parents and people care about and make sure their financials are secured. + +You can look at my previous post or message me for information about how the scam is conducted.[https://www.reddit.com/r/CanadianInvestor/comments/lamhfh/psa\_incoming\_pump\_and\_dump\_targeting\_canadians/?sort=new](https://www.reddit.com/r/CanadianInvestor/comments/lamhfh/psa_incoming_pump_and_dump_targeting_canadians/?sort=new) + +EDIT: For anyone wondering about this stock after April 12th, the scammers don't seem to be involved anymore. They are not asking victims to buy this anymore. This doesn't mean the stock is safe from volatility as the full effects of the dump take several days to realize. +There have been a lot of threads about the great recession on reddit lately, and it's dredged up some old feelings. I graduated college in '08, and finally got a job after scraping by on disability till my mid 20s. The recession was rough on me and my classmates, and I always thought it was just a matter of time before I'd lose my job and become an unemployable hobo sleeping under a bridge somewhere. + +When I learned about FIRE, that seemed like the best way to feel 'safe'. I know it sounds silly, but I my milestones centered around being able to afford basic necessities for life; food, rent, a car every 10 years, etc. I hit FI a few years back and I could finally afford *everything* I needed, and increasingly, a lot of wants too. + +The weird thing is I've internalized the 'you can only afford what your investments provide' to the point where I'll catch myself thinking 'damn I wish I could afford that', when if you look at my comp from my day job I can *absolutely* afford that. It's like I act as if I'm already retired. + +Has anyone ever dealt with this sort of thing? Is this a consequence of my background or a cautionary tale of not 'living the life you want, and saving for it'? +I would have expected the USD to strengthen given that the Fed is the only central bank in the world that is hiking interest rates. Shouldn't that attract greater foreign capital flow and therefore lead to an appreciating USD? Instead, its down 10% YTD. + +What am I missing here? +You guys want to fuck with the hedge funds and Market Makers? +Are you sick of these 'Dark Pools'? +Are you done with the bullshit fake shares? +Sick of [Fails-to-Deliver](https://www.sec.gov/data/foiadocsfailsdatahtm) on your GME and AMC shares? +Sick of Payment For Order Flow? +Are you tired of short ladder attacks, and naked shorts? +Do you own 'meme' stocks? + + +Ask yourself "Can \[you\] follow a 3 step plan to cause mass problems for anyone who does this type of illegal market manipulation that hurts retail investors?" + + +I mean, there are no guarantees + +https://i.redd.it/bl0p5v7k1pg81.gif + +# Step 1. + +Open up several new brokerage accounts on : Charles Schwab, Fidelity, IBKR, Etrade, TD Ameritrade + +# Step 2. + +Transfer all your shares to one of the other brokerages you have an account at. + +# Step 3. + +When the shares clear.. go to Step 2 and Do it again, faggot. + + +[wsb retard after step 3.. \\"What was step 2?\\"](https://i.redd.it/2naekfh83pg81.gif) + +&#x200B; + +# Now you ask "Why the fuck would I do this?" + + +This will force these brokerages to actually handle your shares and move them to other brokerages, if those shares don't actually exist, then they will have to buy them and move them... Keep doing this every few days/weeks, to keep the MM on their toes. They will have to document all the moves to the SEC. If enough people do this for the meme stocks, it could force margin calls on hedge funds that are over leveraged. Hard to manipulate when those shares keep getting named to a new brokerage/owner every few days. + + +&#x200B; + +&#x200B; + +^(Warning, this is not legitimate advice. This is the crazy rant of a madman. There are risks that your shares could end up in limbo for extended periods of time, and during that period you will not be able to buy or sell. I just like stocks.) + + +Can one of you wrinkle brains explain why this would not work? +Happy Friday (stressful Friday for me as I go down this rabbit hole)... + +So wife and I are thinking about starting to try for our first soon - we are considering private health... which kills me but here we are. For the sake of $x (big x) it is a peace of mind (private room is a big one), if something was to go wrong and then just general family pressure we will face if we do public. + +Would anyone have any advice on how to pick a private cover? or any positive experience with any? We are in NSW. I am thinking singles cover just for my wife. + +and... is there any other way of getting the experience of a private room through public. I know the private room isn't guaranteed in either. + +Appreciate any help! +I'm 23 and semi live at home with my 22 YO brother and 14 YO brother. I say semi because I mostly stay around at the GFs. We are looking to move into our own place by mid next year. + +For context of our situation, mum has not been home in a few months. Since grandad passed away, she has stayed full time until now at my nans in fear of leaving her alone, leaving responsibility of the house to me and my next oldest brother. I'm the oldest. As the only one working, I have been paying the electric and gas metre, food etc without any financial support from mum. However, over these past few months we've had lots of different letters in my mums name regarding owed debt, and it's a lot when accumulated. Last week we had debt collectors at the door un announced asking for my mother, I told them the situation, and they left as she wasn't in of course and hasn't been in a while. + +For more details, this is the breakdown of her debts (that I know of via letters): +SSE (Electric) - £4,000 +United Utilities (water) - £1,500 + +On behalf of Lowell debt collection: +Morses - £130 +JD Williams - £200 +Vodafone - £233 +E.on Energy - £260 +o2 Lmtd - £305 +Capital One - £311 + +Now I'm not worried about her general debts regarding loans and contracts etc because I've been told by a work agent that I have no responsibility in these debts. However, the debt collectors that came round were that of the water bill and what he said shook me up a little. He stated that anyone over the age of 18 living in the property is eligible for paying back the water debt and gas/electric. This scares me because I didn't know of these debts before these letters, and I'm the only occupant with anything of value, all of which is in my name with proof of purchase, but I feel they are at risk of being taken. + +A little further information on my mums' stance. I've forwarded all these letters to her, and she has a very relaxed attitude towards it. She says she's never paid these type of bills in her life, and it will "get sorted". I told her my fears regarding what the debt collectors said, but she scoffed at it and said it was just them trying to worry me. I'm very disappointed in her attitude towards debt. She's also used my name and my credit to get furniture which she then refused to pay off halfway through the agreement, leaving me to pay it off and still am. Because she heard somewhere that the company we bought furniture from was liquidated, she had the idea she no longer needed to pay despite the payment plan being taken through Klarna in my name and still to this day insists I stop paying them over it. This is the type of attitude she has towards this stuff. + +So what do you think. Am I at risk? + +Edit: thanks alot for all the support and feedback. I've been reading all the comments and I feel a little more comftable. My GFs parents have said they'd happily accommodate me temporarily till we get a place of our own which we hope will be by mid next year. Despite some.of your concerns I wont be cutting ties with my mother. She can be pretty awful sometimes but I couldn't do that to her but I will make it very clear this is her mess to sort out. I've also made sure my credit is clean via credit Karma. No unknown credit agreements aside from the mentioned above in my name. + +I've also spoke with a DWP worker who tutored me a few years back and he have asserted mostly what has been said here. +We'll start with Ken and Corporate. MF1 and MF5. + +https://reddit.com/link/w1l6ri/video/jurfl1yks7c91/player + +Let's see what MF3 (Lisbon Spain plane) has been up to.... + +&#x200B; + +https://preview.redd.it/kswfg61ws7c91.png?width=1136&format=png&auto=webp&s=615fa886a1f32cbbb5167124fdbfad7759df624c + +Barcelona to Luanda + +https://preview.redd.it/3v95eyx3n7c91.png?width=1850&format=png&auto=webp&s=b20e21ce6553d1abfc9920d5947b06a9f5480ed7 + +&#x200B; + +Luanda to Lusaka + +https://preview.redd.it/xk6jst9us7c91.png?width=1890&format=png&auto=webp&s=a1ec695df5d177b3db3023a3f88ad6c4a5c56249 + +Lusaka to Luanda + +https://preview.redd.it/f5udlucbn7c91.png?width=1858&format=png&auto=webp&s=769672d189fbabe2adac3bc2093b793fe04a05c4 + +Luanda to Johannesburg + +https://preview.redd.it/sfe2sg0dn7c91.png?width=1850&format=png&auto=webp&s=6dc6feb837b403ae2e1ed623daa72ca7edc596b9 + +Johannesburg to Luanda + +https://preview.redd.it/x8mh36ien7c91.png?width=1850&format=png&auto=webp&s=b6207f19fd36fa3793791ea3ade29081d907e918 + +&#x200B; + +Luanda to Lusaka + +https://preview.redd.it/9da7q2yin7c91.png?width=1852&format=png&auto=webp&s=84aca67290eb1d445dfe9b4247e485d078d880c2 + +Lusaka to Luanda + +https://preview.redd.it/62kofj6ln7c91.png?width=1838&format=png&auto=webp&s=c4e9677ce1cf79a670bf63cdf93d67183b136344 + +What the fuck is so popular in Luanda, Angola? + +We already know what's in Lusaka, Zambia. That's why Ken and all his friends (including Bezos) keep going there. + +&#x200B; + +Here's a list of 5 more suspicious planes I watch: + +N145QS + +N148QS + +N152QS + +N158QS + +N160QS + +And here is where to see who might be on them. They are co-owned like MF2 is. + +[https://registry.faa.gov/aircraftinquiry/Search/NNumberInquiry](https://registry.faa.gov/aircraftinquiry/Search/NNumberInquiry) + +\- input their number into the search area - + +&#x200B; + +Here is their flight history in visual form (They've been VERY active lately). + +[https://globe.adsbexchange.com/?icao=a326ca,a0b6b2,a0c1d7,a0d30c,a0e956,a0f31d&lat=15.604&lon=-43.388&zoom=2.5&showTrace=2022-07-13](https://globe.adsbexchange.com/?icao=a326ca,a0b6b2,a0c1d7,a0d30c,a0e956,a0f31d&lat=15.604&lon=-43.388&zoom=2.5&showTrace=2022-07-13) +Call me an idiot, or whatever you want to call me. All apes saw that 10.00k at $195….then the price dips hard. Ok, come on how is that possible that it gets filled and dips to $191? Like how obvious do they have to put it for the SEC to see that shit. Every time I see something that obvious it upsets me because they are basically slapping people In the face that they no longer try to hide their crime…maybe I’m wrong and the order hasn’t been filled yet but what the actual fuck? maybe the SEC is collecting data for a massive file or maybe they just don’t give a fuck as how obvious Hedgefucks have to literally put their crime on a silver platter in front of a starving person…this is upsetting, makes me HODL more and makes me not want to sell about 10% of my shares ever. +New to investing. Created a pie using the M1 app with nearly 50 stocks. I feel like a good chunk are pretty safe picks, but there's a few that may need a bit more attention. I'm planning to hold long term (20+ years). Should I scale back or will it be fine? Link for reference https://m1.finance/PXKK5LteGhkd + +Feel free to critique or tell me I don't know what I'm doing 😅. + +Edit: Thanks everyone for your replies. It looks like the general consensus is to scale it back. I'll see if I can trim the fat a bit. +I read somewhere that I will still receive the dividend even if I sell the underlying on the ex dividend date, due to how the transaction settling on the record date. However, the article later mentions that if you buy on the ex dividend date then you will also get the dividend payment since it settles on the record date too. However that kinda contradicts itself then. + +I'm wondering when I can sell the stock and still be capable of getting the dividend payment. Can I sell the stock during market hours on Friday and still receive it, or must I hold til monday close? + +&#x200B; + +https://preview.redd.it/ze5vc6yw90z71.png?width=841&format=png&auto=webp&s=62e109af8e8cadbfaa1766db9a206dde3488dc9a +Look at how many articles they have written about Fortis. I noticed this looking at FTS's stock ticker on yahoo finance as articles relating to them are found at the bottom. + +1. [2 Future Dividend Kings to Hold Forever](https://ca.finance.yahoo.com/news/2-future-dividend-kings-hold-180010242.html) Posted yesterday + +2. [3 Dividend King Stocks That Could Crush It in August!] (https://ca.finance.yahoo.com/news/3-dividend-king-stocks-could-173823604.html) Also posted yesterday + +3. [3 Recession-Ready TSX Stocks to Lap Up Right Now] (https://ca.finance.yahoo.com/news/3-recession-ready-tsx-stocks-120533619.html) Posted 3 days ago + +4. [TFSA Investing: 2 Stocks With Stable Dividends](https://ca.finance.yahoo.com/news/tfsa-investing-2-stocks-stable-154537872.html) Posted 5 days ago + +The same freaking article is re-worded slightly and posted every other day. What benefit do they think people are getting reading about a utility company's dividend every other day? I can't understand how anyone would pay for this service. +I recently created account on groww platform. I wanted to try to out the app before investing. I tried to load money to the wallet but as they do, UPI apps were failing. So I tried using Net Banking only to find out my trading account is with Yes Bank. Is this true or is it just their agent. I'm really confused. +I’m a 27 year old single male. I have zero debt across the board with a paid off 2013 Corolla with 115k on it. I currently make about 2k a month with working both doordash and McDonald’s part time. I live in a quiet 1 bedroom apartment paying 685 in rent (including utilities). I currently have 5k in savings that I don’t touch with no retirement plan currently. + +Do you guys think I’m going about my life financially responsible? Will living this way catch up to me when I’m older? After working many different types of jobs I’m at a place now where I want to just settle for something easy that doesn’t follow me home. Being a crew member at Mcds and the independence of delivering with doordash allows me to do just that while also giving me a lot of time on the side to focus on my hobby as a songwriter/musician. + +Any guidance or advice would be great, basically I’m just wanting to know if this way of life is sustainable in the long run. +I'm looking for some guidance on what to do with money. I realize that there are lots of posts like this, and I have read many of them, but figured I'd post my situation and maybe someone will add a comment that inspires me... + +Current situation: + +Mid-30s, married, 2 kids under 3yo. Current NW \~7MM USD. MCOL city. Between partner and I, we expect to make 1-3MM/year for the next few years, all W2. + +Breakdown: + +* 1.5-2MM in shares in my current company (dividend paying) +* \~1MM in deferred pay +* \~450k in condo that we don't live in. Renting out for 2700/mo. Fully paid off. + * Live in larger apt. No plan to move back into old condo. +* 1.7MM in various investments across taxable and retirement accounts. Primarily ETFs, some REITS, mutual funds. Primarily broad market stuff, and some bond funds. (\~85/15) +* \~2MM in cash (CDs, savings accounts, MMs, etc) + +The 2MM USD in cash is what gives me the most pause. Over the last couple of years I've gotten large lump sum bonuses and have struggled to invest that money. I've read about DCA and Bogleheads, etc. Most of my investing happens through a regular scheduled purchases in my investment accounts--removes the emotional element from it. I'm having a hard time investing that money especially since more than half of it we've accumulated since the pandemic. I have some interest in diversifying with real estate, but other than buying some REITs I feel like I don't have the intellectual capacity to focus on it given that I have a demanding job. Looking for suggestions on how to best put that money in a place where it can produce value for my family moving forward. + +**Edit:** + +Thanks for the comments thus far. While maybe I'm more conservative than others, a big reason I've ended up with all the cash isn't just from being risk averse and it accumulating. I received a large lump sum bonus in 2021 that I've struggled to invest. Part of my question is I guess now that I'm in this situation (sitting on a lot of cash) what are some other ideas (for someone) in my situation to do with it other than just dump into an ETF. + +In terms of my industry -- I'd prefer to not share in the open due to privacy concerns and a desire to have an open conversation about financial questions. +How do you go about finding accredited investor opportunities that aren't a rip off? I have looked at a lot of the websites that have these types of deals (they mostly seem to be real estate focused) but they don't seem worth it after fees and disadvantageous tax structures. +I haven't had time in the new year to get the AotW up and running, so here's a quick placeholder: the recent theme issue of the Journal of Applied Economics. + +**Abstract**: + +> Causal evidence on microcredit impacts informs theory, practice, and debates about its effectiveness as a development tool. The six randomized evaluations in this volume use a variety of sampling, data collection, experimental design, and econometric strategies to identify causal effects of expanded access to microcredit on borrowers and/or communities. These methods are deployed across an impressive range of locations—six countries on four continents, urban and rural areas—borrower characteristics, loan characteristics, and lender characteristics. Summarizing and interpreting results across studies, we note a consistent pattern of modestly positive, but not transformative, effects. We also discuss directions for future research. (JEL D14, G21, I38, O15, O16, P34, P36) + + +You can find the introductory article [here](http://karlan.yale.edu/p/AEJ%20Intro%20-%20Sept%206%20-%20tables%20and%20figs.pdf). The Center for Global Development has a nice summary [here](http://www.cgdev.org/blog/final-word-microcredit). + +*** + +Here are the other papers: + +[Angelucci, M., Karlan, D., & Zinman, J. (2015). "Microcredit impacts: Evidence from a randomized microcredit program placement experiment by Compartamos Banco," American Economic Journal: Applied Economics, vol 7(1).](http://www.dartmouth.edu/~jzinman/Papers/CompartamosImpact_Dec16_2013.pdf) + +[Augsburg, B., De Haas, R., Harmgart, H., & Meghir, C. (2012). "Microfinance at the margin: Experimental evidence from Bosnia and Herzegovina," American Economic Journal: Applied Economics, vol 7(1).](http://www.econstor.eu/bitstream/10419/91517/1/726239658.pdf) + +[Attanasio, O., Augsburg, B., De Haas, R., Fitzsimons, E., & Harmgart, H. (2014). "Group lending or individual lending? Evidence from a randomised field experiment in Mongolia," American Economic Journal: Applied Economics, vol 7(1).](http://www.econstor.eu/bitstream/10419/93060/1/779360893.pdf) + +[Banerjee, A. V., Duflo, E., Glennerster, R., & Kinnan, C. (2013). "The miracle of microfinance? Evidence from a randomized evaluation," American Economic Journal: Applied Economics, vol 7(1).](http://dspace.mit.edu/bitstream/handle/1721.1/79070/BanerjeeDuflo13-09.pdf?sequence=1) + +[Crépon, B., Devoto, F., Duflo, E., & Pariente, W. (2014). "Estimating the impact of microcredit on those who take it up: Evidence from a randomized experiment in Morocco," American Economic Journal: Applied Economics, vol 7(1).](http://sites.uclouvain.be/econ/DP/IRES/2014012.pdf) + +[Tarozzi, A., Desai, J., & Johnson, K. (2013). "On the impact of microcredit: Evidence from a randomized intervention in rural Ethiopia," American Economic Journal: Applied Economics, vol 7(1).](https://repositori.upf.edu/bitstream/handle/10230/21806/1407.pdf?sequence=1) + +*** + +Normal AotW service will resume shortly. Based on the feedback we got on the subreddit survey, we're considering extending the matter to be discussed in these thread from "a paper" to "a particular area of economics." This is a bit of a test case. +Hey thetagang, long time listener first time poster. Wanted to highlight a new option chain I've been selling some CSPs this week that I think is a really good play: SPCX. Quick disclaimer, this has been pretty low volume so far, so don't all rush in at once. This a new SPAC issuance ETF created in December which holds a diversified portfolio of 54 pre-merger SPACs (I think all unannounced except for the CCIV rumor). My favorite part about SPACs is how they have a floor value pre-merger thanks to the option to redeem for the trust NAV (~$10 + interest). Because this ETF is made up of a diversified group of pre-merger SPAC's it also has a floor, not that it should ever get close to there. + +Yesterday SPCX closed trading at $28.16 (had a good day due to large CCIV holding), and the NAV of the underlying SPACs is ~$24.50. This means that in a worst case scenario where none of the 54 SPACs in the ETF find a deal, and they all end up being redeemed for the $10 redemption value in the trust with no premium, the downside is $24.50. Like I mentioned it should never even get close to this, and each time a new deal is made, and the capital gets recycled into new SPAC IPO's (like the ETF did with IPOE last week), the NAV floor moves higher. + +This is my favorite play out there as it gives you a way to write puts on a group of assets with virtually no downside and still great upside (ETF up 10% in the month since it debuted). I've also noticed it seems like some algorithm keeps putting bids on these puts, or at least someone that doesn't understand what's actually in this ETF. I've been able to sell multiple puts where my cost basis would be below the redemption value of the underlying holdings. Frankly I doubt this ever trades below $27 again, and even in a market crash probably doesn't see below $25. Of course always DYODD. + +Full disclosure I am already short some February and March puts and long shares, but I don't have enough capital to take advantage of all the bids on the option chain so figured I'd share with everyone. Good luck trading! +The Wheel is an extremely relevant strategy here at r/thetagang, so I thought I'd show you some alternatives to the traditional naked put. We will be looking at the Jade Lizard and Ratio Spread, and comparing them to a naked put to see how we can collect more credit and/or reduce our cost basis upon assignment. I'm not going to go into detail on the specifics of these strategies, this is simply a side-by-side comparison. Feel free to check out [this post on Ratio Spreads](https://www.reddit.com/r/thetagang/comments/g3joz7/free_butterflies_p2_electric_boogaloo_ratio/) or [this one](https://www.reddit.com/r/thetagang/comments/g3qwq8/spread_the_ratio_spreads_mega_thread/) by u/petriefly42 going into even more depth, but as always, please do your own research and don't place any trades that you don't feel you fully understand. + +[Naked Put](https://preview.redd.it/1b09dchribu41.png?width=1638&format=png&auto=webp&s=2215b9fcae1dde942111b678632fbc6dc3d6ac5b) + +This is the traditional naked put we've all been using to open our wheels since the inception of the strategy. But the wheel is all about reducing our basis, right? What if we could reduce our basis even more by collecting more capital *and* reducing risk? We can, by selling a call credit spread above our put. This is called a Jade Lizard + +[Jade Lizard](https://preview.redd.it/wnurdrftibu41.png?width=1638&format=png&auto=webp&s=edd422cf931e62917e85353f37b47b4f8c909ee7) + +As you can see, selling the call spread is favorable when the underlying stays within a more confined range. This also helps to reduce our losses, because if the underlying moves against us, we can manage by buying back our call spread for almost nothing and potentially selling another closer to your short put. One important aspect of this strategy is that the call spread is less wide than the credit collected from the put, meaning we have no upside risk. But what if instead of selling a call credit spread, we *bought* a put debit spread? That's called a Ratio Spread + +[Ratio Spread](https://preview.redd.it/xkfw1njuibu41.png?width=1638&format=png&auto=webp&s=915f2a8f8e96d7c20da43324badb9eccebfc7754) + +This gives us a strong buffer to the downside, but because we're collecting more from the short put, we have no upside risk and we still have a strong Theta number. Now let's compare. + +**Cost Basis on Assignment (per share)** + +|Naked Put|Jade Lizard|Ratio Spread| +|:-|:-|:-| +|$18.40|$18.05|$17.75| + +**Theta** + +|Naked Put|Jade Lizard|Ratio Spread| +|:-|:-|:-| +|1.85|2|1.8| + +**P/L at Expiration** + +|Price|Naked Put|Jade Lizard|Ratio Spread| +|:-|:-|:-|:-| +|16|\-240|\-205|\-175| +|17|\-140|\-105|\-75| +|18|\-40|\-5|25| +|19|60|95|125| +|20|160|195|225| +|21|160|195|125| +|22|160|195|125| +|23|160|195|125| +|24|160|195|125| +|25|160|95|125| +|26|160|95|125| +|27|160|95|125| +|28|160|95|125| + +What are your guys' thoughts? Are there other strategies we can use to improve the naked put? +Hey everyone, + +Earnings have been upon us for a little while and with all the event driven volatility outside of normal plays, I wanted to create a thread specifically geared towards earnings. + +I look forward to doing this each week during earnings and seeing everyone's input. + +Let me know if there is anything to add or make better in these post. + +Thank you! + +[Earnings Whisper most anticipated earnings sheet](https://imgur.com/a/2A0Pktv) + +[Google sheet with Market Cap, Price, IV, Date, Time and sector](https://docs.google.com/spreadsheets/d/1QxtGfppFc5XSyR3JS5PFubg1KrPcxmqy4EJUImT_aZo/edit?usp=sharing) + +The google sheet is up. + +I have to finish Thursday’s still as I will get to that as I had some errands pop up but will update as I work through it. + +The google sheet is there for anyone to download and sort through each day to find different companies they may be interested in playing based on size/IV/stock price. + +Note: Originally I was going to fill in the info for all of the companies on there but I wound up leaving any company with under a $1B market cap blank due to the lack of liquidity in their options which made filling those in less time efficient. Also for IV, I used the implied volatility % TOS uses when you’re on the stock. +Hey everyone, + +Earnings have been upon us for a little while and with all the event driven volatility outside of normal plays, I wanted to create a thread specifically geared towards earnings. + +I look forward to doing this each week during earnings and seeing everyone's input. + +Let me know if there is anything to add or make better in these post. + +Thank you! + +[Earnings Whisper most anticipated earnings sheet](https://imgur.com/a/2A0Pktv) + +[Google sheet with Market Cap, Price, IV, Date, Time and sector](https://docs.google.com/spreadsheets/d/1QxtGfppFc5XSyR3JS5PFubg1KrPcxmqy4EJUImT_aZo/edit?usp=sharing) + +The google sheet is up. + +I have to finish Thursday’s still as I will get to that as I had some errands pop up but will update as I work through it. + +The google sheet is there for anyone to download and sort through each day to find different companies they may be interested in playing based on size/IV/stock price. + +Note: Originally I was going to fill in the info for all of the companies on there but I wound up leaving any company with under a $1B market cap blank due to the lack of liquidity in their options which made filling those in less time efficient. Also for IV, I used the implied volatility % TOS uses when you’re on the stock. +My SO was having recurring health problems from 2010 that became more frequent and more intense through last year before her surgery: Nausea, vomiting and abdominal pain that would worsen over the course of several hours. A handful of ER visits and consultations led us to a surgeon who had gone through precisely what my SO had, and she recommended removal of the organ immediately. Her episodes stopped completely. She obviously still gets nausea from time to time, but it's never the violent episodes that required medical intervention. It should be added that she has a handful of family members who have also had the gall bladder removed and saw a significant QoL improvement in the months after. + +Now over a year later, Blue Cross Blue Shield has decided that the surgery wasn't necessary and she will be required to pay $12,000 for the surgery. What can she do? Any insight is appreciated, thanks. +I'm not currently in a relationship but I had a conversation with a friend recently that's made me wonder row people handle money in a relationship. + +My friend is in a relationship and earns significantly less than her partner. They recently bought a dog together and she told me that she hadn't had enough money to fully cover her half of the cost of the dog. Therefore she owed her partner a few hundred pounds. + +Before this she also had periods of unemployment when a temporary job she was working ended. This was a couple of months. She couldn't afford her half of the bills so she ended up owing him money for that and had to pay it off over a number of months. + +Being in debt to your partner is unthinkable to me but that maybe my aversion to debt. In a relationship aren't you working as a unit? If one of you loses a job due to no fault of their own is it fair to owe the other one? + + +TLDR: If your partner earns significantly more than you and you lose your job should you be in debt to your partner for the bills and have to pay the money back to them? + +EDIT: They have been together for about 4 years and been living together for 3.5 years. They have a joint bank account as well +* Anyone following US markets has probably read this : [https://www.gizmodo.com.au/2021/11/zillow-quits-home-flipping-business-laying-off-25-of-its-staff-in-the-process/](https://www.gizmodo.com.au/2021/11/zillow-quits-home-flipping-business-laying-off-25-of-its-staff-in-the-process/) +* We know the property bubble in china in popping & China's intention to be less dependent on Australia. +* Central banks in many countries are considering or have already had a rate hike. + +How do you see it play in Australian market? +Hello everyone! Happy Father's Day and Juneteenth!! + +Welcome to another week of forward looking technical analysis with me u/gherkinit a.k.a. pickle dude (apparently). + +This week is most likely to be a pretty wild ride hopefully I can shed some light as to why and what to expect. + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have reading comprehension issues. The Holiday weekend created some delay's so I will be posting this at 9pm EDT tomorrow on 6/21/21. + +# Part I: Technical Analysis + +**The Ascending Channel** + +Well this one fell apart...It had an excellent run holding true for 22 trading days. I'm more than willing to admit that surprise events can take place which completely invalidate technical trends. + +The surprise announcement of the ATM offering and then no announcement of it's finalization have possibly defeated this trend. While I think an announcement of the ATM offering could return us to that exponential growth pattern it will still have to correct for this week's mostly sideways action. Either way if this trend picks up again it will need some time to re-develop. + +**Cup & Handle** + +Well where one falls another takes it's place. + +This will be the primary technical indicator I will be monitoring for a breakout this week. I moved this out to the 1D timescale and plotted the high/low range for the breakout. Then marked historical volume levels for primary resistance, breakout point, and confirmed breakout resistances. If we cross the confirmed breakout point we can expect to see price improvement to the range of $525 - 1050. (If I have to monitor a cup & handle, it's damn sure going to be the most accurate one I can draw) + +[A pretty nice Cup & Handle on the 1D ](https://preview.redd.it/ldbp213ubi671.png?width=2171&format=png&auto=webp&s=3b149bc2107c5a56c39b14db5e5e719adcdcb55c) + +If you have any questions about cup and handles [please divert them here](https://www.investopedia.com/terms/c/cupandhandle.asp). + +**BBKC** + +The lower Bollinger has once again crossed into the Keltner channel at the end of last week if we see another day or two of consolidation we may see another squeeze indicator pop up here last time it fired we went from $176 to $344. + +[Previous BBKC breakout and current potential squeeze signal.](https://preview.redd.it/9bssn6u7hi671.png?width=2083&format=png&auto=webp&s=a3944ad745fd03b106ee36e47041e93bdf612c46) + +**Technical Conclusion** + +It looks like a yet another potential breakout stifled by an ATM offering, for those of you that started following these back in April you will remember this happening during the 3.5million offering and the MOAW. However once the announcement was made and that floor of 157 established we quickly took off upward. I suspect History will repeat itself. + +# Part II: The Market + +I don't feel this should be ignored this week as it may have a huge impact on what happens with GameStop. I actually trade the SPY often, and it may be the only ticker I have watched more than GME. + +As fears of inflation grow, with the Feds announcement that inflation spiked to 5% the largest 12-month spike we've seen since 2008. Additionally [P/B](https://www.investopedia.com/terms/p/price-to-bookratio.asp) , [P/E](https://www.investopedia.com/terms/p/price-earningsratio.asp), [Schiller P/E](https://www.investopedia.com/terms/p/pe10ratio.asp) ratio's are the highest we've seen since the dotcom bubble. (I know shiller...haha) + +[Anytime the Schiller P\/E has gone above 30 there have been MAJOR corrections and change in economic trends and sentiment. ](https://preview.redd.it/xtf40d1kri671.png?width=1686&format=png&auto=webp&s=2559667911d7aad114c3fc86a70d5832551a16c9) + +While the **death cross DD's** I've gotten spammed with over the weekend are as far as I can tell are miscalculated, A few other indicators do show us the we are entering a strong correction and possible flash crash. + +The first is the breakdown of the short and long-term trends + +[SPY long term trend on the 1D. A break below the #3 correction zone would indicate a potential crash.](https://preview.redd.it/yyc918bcui671.png?width=1731&format=png&auto=webp&s=dc04d2ef663aa0a0672a866a800fe5522e0eb275) + +The second is a bearish crossover on the daily MACD + +[MACD on the 1D](https://preview.redd.it/r7pkd6hyui671.png?width=1738&format=png&auto=webp&s=9cfe69b7794a2cc975882cc9b709168d9d765a47) + +One more note the gamma exposure ([GEX value](https://www.investopedia.com/terms/g/gamma-hedging.asp)) for the SPY on 6/18 is at $ -2956.17M, Meaning that in order to remain delta neutral we will see increased selling from MM's. You can learn more about [pinning here](https://www.investopedia.com/terms/p/pinningthestrike.asp). + +I want to emphasize that while I do expect a correction, a crash or flash crash while possible is still unlikely. + +# PART III: Conclusion + +Well I wouldn't want to go to the movies 👀 during a market crash, I wouldn't mind holding some GameStop. I think GameStop is uniquely positioned in the event of a market correction or crash. While we may see some very nice dip buy opportunities, apes hodling means that we generally don't come down hard with the greater market. + +A large enough correction could also trigger MOASS, as net capital of SHFs is reduced by a market sell off. This could in turn cause margin calls on the short positions. + +We could also see a significant amount of volatility this week from the Russel and S&P rebalances as GameStop is part of the Russel 1000 and the S&P 600. + +**I cannot emphasize enough the importance of diamond hands through this as this may be the last opportunity for SHFs to try to shake apes off the stock (possibly the reason for all the can kicking). If this is their bet, I think they fuked with the wrong apes!** + +It's gonna be a rollercoaster... + +Just one other fun note. + +The short interest positions on the S&P Equities is released on June 24th... + +GME ----S&P 600 you can figure it out + +&#x200B; + +TLDR; buy, **HODL, and WAKE UP!** + +&#x200B; + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under pinned posts on my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join thousands of other **awake** apes as we watch literally every minute candle, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Or over on our community [Discord](https://discord.gg/BGmjnrvHnw) + +For memes and other fun stuff on [r/dillionaires](https://www.reddit.com/r/dillionaires/) + +As always thank you for the support + +🦍❤️ + +\- Gherkinit + +Disclaimer + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +*\* 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.* + +\**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.* [*Learn more*](https://suicidepreventionlifeline.org/) +[https://www.cnbc.com/2022/07/08/elon-musk-notifies-twitter-he-is-terminating-deal.html](https://www.cnbc.com/2022/07/08/elon-musk-notifies-twitter-he-is-terminating-deal.html) + +Billionaire Elon Musk wants to end his deal to buy [Twitter](https://www.cnbc.com/quotes/TWTR), according to a [letter](https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm) sent by a lawyer on his behalf to the company’s chief legal officer Friday. + +In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney Mike Ringler charged that “Twitter has not complied with its contractual obligations.” +&#x200B; + +https://preview.redd.it/fffnqhqc45o71.jpg?width=1200&format=pjpg&auto=webp&s=57c667d191630cef80b963736ce831f1bb3e3d12 + + + +On December 4, 1921, The New York Tribune published a story detailing a plan by inventor Henry Ford, founder of the Ford Motor Company, to replace the existing gold-backed currency system into one based on an “energy currency.” + +Ford goes on to say “Under the energy currency system the standard would be a certain amount of energy exerted for one hour that would be equal to USD 1. It’s simply a case of thinking and calculating in terms different from those laid down to us by the international banking group to which we have grown so accustomed that we think there is no other desirable standard.” + +“The essential evil of gold in its relation to war is the fact that it can be controlled. Break the control and you stop war.” + +What a fucking visionary. Its as if Ford was reincarnated as Satoshi to carry on his work with todays tech. Pretty amazing an industry giant of his time was thinking this way. +I always hear about how how “simple” models tend to out perform the more complex methods. Things like linear regression, arima models, or basic time series methods being able to out perform things like deep learning, and much more flexible statistical learning methods. With financial data however, I feel like this is not always the case and more “sophisticated” models are needed. + +What kinda of models have you guys used and how “simple” do your models get? +I've heard multiple traders state that most strategies are either mean reverting or trend following (i.e. momentum-based), and successful strategies determine when to switch from one or the other (or stay on the sidelines). What metrics or indicators can I use to determine which type of market a given instrument or equity is in, mean reverting or trend following? +Just about three months ago, whenever people asked for advice on what to do in a shaky market, the most upvoted posts were "Hold. You can't time the market." + +But I noticed that recently, that has changed. Now you have threads like this + +https://www.reddit.com/r/investing/comments/a004l2/serious_smart_investors_of_rinvesting_what_are/ + +Where posts that say they are holding their investments in cash because of all the bad signs are upvoted to the top. + + +What happened to all the discpline /r/investing talked about? They preached about not selling and holding through downturns when the market was doing well. Now that the market is no longer bullish, everyone's selling because they can see a crash coming? +[I'm very proud of myself, but I don't like to talk about my finances in real life. I would love to share it with you guys.](http://imgur.com/8mpwJNI) I may have gotten lucky, but I also think I had a lot of balls. Since then I've become much more conservative. +This is common investor behavior, it happens in every asset class. The Dow went down yesterday as well for the same reason. There are good tax reasons to sell some profits in 2017 and pay the estimated tax early - to avoid penalties. Especially with Bitcoin Cash and the uncertainty of how that will be taxed. There are also a lot of investors who are going to report and pay taxes on everything they bought and sold in the crypto world. + +This isn't a "Crash" - this is normal investor behavior. + +This is also just my opinion, but I have been investing in many things over the past 2 decades. + +Happy New Year! +This is only part of the [announcement](https://blog.kraken.com/post/13215/kraken-to-distribute-over-10-million-in-aid-to-clients-impacted-by-ukraine-crisis/) - they are also donating 10 million independent from those trading fees - but I want to focus on the part mentioned in the title - I think that's an incredibly smart move. + +Personally, I am more on the "block Russians wherever possible" side - I don't like that "regular people" are being affected by that either, but it's how sanctions work and crypto exchanges doing it is really no different from other companies stopping to operate in Russia. **However:** I know that Kraken's CEO is a super-libertarian, so sure, that's not an option. I think it's the smartest thing they could have done. Even if I'm against not blocking the accounts, they can now say "but see, we are generating donations for Ukraine by doing this, do you not want us to do that?". + +I personally would handle the situation differently, but I applaud them for this move. While I ideologically often disagree with their CEO, Kraken is a great exchange. +Just trying to add to the positivity posts! We will all be fixing the world in the near future, might as well start small now! Enough of the butt stuff, we all do that anyways. Pics will be posted if we reach this. Remember, today's the day! And if it's not, it's tomorrow! Been hodling for about a year now, don't let any of the noise distract you, this time feels different! + +See all of you Apes on the moon! + +EDIT - I have completed my mission! [https://www.reddit.com/user/natertot11x/comments/qm5inn/i\_made\_my\_compost\_gme\_to\_the\_moon/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/user/natertot11x/comments/qm5inn/i_made_my_compost_gme_to_the_moon/?utm_source=share&utm_medium=web2x&context=3) + +I think this link will take you to my post. I am just a smooth brained Ape so someone let me know! + +&#x200B; + +&#x200B; +Saw the post lamenting tech IPOs as all scams and money burners, just thought I'd share some of the more successful ones in recent times for perspective: + +SAIL IPO at $13 now $27 + +OKTA at $23 now $92 + +TTD at $27 now $198 + +TWLO at $26 now $123 + +ZScaler at $33 now $62 + +But notice these are all b2b software/cyber security and not consumer facing companies, hence don't get as much hype and or attention until they have already moved. + +Just gotta do the due diligence and there are definitely some winners. +$HIDEELONSPHONE, Low MC coin ready to bounce, just launched get in while you still can. + +WE'VE SEEN 10x, WE'VE SEEN 50X, THIS TIME YOU'LL SEE 1000X + +📈Sick and tired of billionaires ruining your crypto gains?📉 + +LET'S GRAB ELON'S PHONE AND TAKE BACK OUR PROFIT. It's about TIME somebody took away that man's phone , messing up our gains n shiiiii.... + +This token is solid, reliable and will be around for years to come, just like coal! So fuck Elon and his batteries, we're here to bring the money. + +Who needs to buy a Tesla with bitcoin anyways? There's no cars in space and that's where this baby's headed 🤑 + +Join the Telegram and the community quickly. It's a Community Token so anything is possible. Remember that the Token around Elon Musk are always performing. There is no 5G on the moon, so no worries if you too are leaving your phone on Earth. + +FAIR LAUNCH + +RENOUNCED OWNERSHIP + +💬TELEGRAM : https://t.me/HideElonsPhone +🥞PANCAKE SWAP : https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9cf54a3315b073035028265a4ece58f2ea072e74 +🔷BSCSCAN : https://bscscan.com/token/0x9cf54a3315b073035028265a4ece58f2ea072e74 +🔷OWNERSHIP RENOUNCED : https://bscscan.com/tx/0xe89c32c2792946ee2136463dcc8270f6fc09395435007db81ecebbcfc1ede896#eventlog +Evening fellow moonboys and girls... + +I cannot state strongly enough how excited I am for the Radix DLT project. Currently under the ticker $eXRD, will move to $XRD with a simple 1 for 1 swap once mainnet is out. + +The key to this project is solving the Trilemma, WHILST keeping full atomic composability. This presents the perfect system to underpin DeFI. + +Why is Full Atomic Composability so important I hear you ask. It allows for cross-communication between shards and to be submitted atomically (all at once). Think of arbitrage as one example... where you need to do 2 or 3 transactions simultaneously, with quick finality and small fees. Radix allows for that and this is just one small example of why Radix is literally groundbreaking. + +**If you care about money or even care about just watching DeFI develop with no investment... I urge you to do 2 things...** + +1. Read the whitepapers: [https://www.radixdlt.com/#white\_papers](https://www.radixdlt.com/#white_papers) +2. Watch the YouTube videos on Radix which breakdown what it does. + +**Here's some nice graphics to explain:** + +a) [https://twitter.com/RadBullXRD/status/1365363485312487424](https://twitter.com/RadBullXRD/status/1365363485312487424) + +b) [https://twitter.com/RadBullXRD/status/1363198607206338561](https://twitter.com/RadBullXRD/status/1363198607206338561) + +c) [https://twitter.com/RadBullXRD/status/1363931497468735488](https://twitter.com/RadBullXRD/status/1363931497468735488) + +**Upcoming Schedule**: [https://twitter.com/RadBullXRD/status/1365072001807880196](https://twitter.com/RadBullXRD/status/1365072001807880196) + +The founder is working on #Cassandra, which is a live showcase of a decentralised Twitter to prove the claims. + +**You can keep up to date with him here:** [**https://twitter.com/fuserleer**](https://twitter.com/fuserleer) + +I can't tell you exactly when this will moon, but HODLING is the key on this one. Out of all the projects in Crypto (IN MY OPINION, NOT FINANCIAL ADVICE)... THIS IS THE BEST. +Thanks to Optus doing the online equivalent of leaving a classified briefcase on a public fountain, there's now 11M more people who are at risk/victims of identity theft. If you're one of those, welcome to the club. The drinks suck and the music is run by a DJ with more confidence than talent. + +Allegory aside, I'm glad that people in other threads have highlighted the different ways of preventing the ID theft from biting your pocket line for a while. + +But I thought that I'd ask about how to repair damage that's already done. My ID was skimmed while I was in hospital in 2019, and I was left with no real direction to stop anything. The cops were alerted, but sat on it, even after my checking around found an empty bank account in my name had been opened. + +Since then, my credit rating's gone to pot. I wouldn't loan myself money, and this affects all sorts of financial interactions. What can I do to repair the damage? I initially started contacting people to advise them that it probably wasn't me borrowing money from an IP address in California, but even armed with police report numbers most companies didn't want to know anything more than just where to send the bill. +🎵I can feel it cominggggggg in the airrrr tonighttttttttt. Oh lord🎵 + +Ohhhhh longggggg johnsonnnnnn.............Oooohhhh longggg johnsonnnnnn!!! + +****TL;DR:**** VIX (Volatility index) is popping rn, most since feb spike, always travels sideways until shit is going down, it went 30+ in jan spike and we are at 26.18 at the time of posting. This and the GME chart pretty much mirror each other so it’s a very good indicator to go off. 🤣🚀🚀🚀🚀🚀🚀 + +I’m allowing myself to be jacked now, just a teeny tiny bit 😬😬 + +Not advice of the financials though, don’t forget that. + +****UPDATE:**** nearly at 27 wtf😭😭😭😭😭😭🚀🚀🚀🚀 + +****UPDATE #2 since this has gotten some attention:**** The whole market is burning to ashes right now, the Dow Jones is down nearly 2%, that’s a near 700 dollar drop today. Nearly 2k drop if we’re counting from open yesterday when Marge possibly started to dial in citadel’s office number. Not sure if she’s calling yet though but they’re sure expecting her 😉. + +Oh, and the VIX has now closed on 27.59 after hitting a daily high of 28.38. We haven’t seen these numbers in a long time so get buckled up, but remember.....no dates!!!🚀🚀🚀🚀 + +****UPDATE 3**** I’m putting this here because this is blowing the fuck up so here I go. + +I think Elon just dropped the biggest bomb ever on the shorts. He has now said that Tesla will not accept Bitcoin as a payment due to the environmental impact it has. THE TIMING!!!!!!!!! + +This is their only way to meet their margin requirements HOLY SHIT MY TITS ARE SO JACKED!!!!!!!!!! + +Also like I said earlier this isn’t financial advice, but my confirmation bias’s confirmation bias has been confirmed 1000 times, and I’m screaming rn but the S is silent. Get jacked apes why not, no dates though. + +Bitcoin to the ground 🌍 + + +****TITS R SO VERY JACKED**** +http://venturebeat.com/2017/02/06/apple-google-facebook-microsoft-join-tech-firms-filing-legal-brief-against-trumps-immigration-ban/ + +How will it influence on stock? +I've done quite a bit of analysis on equities over the last few months and have noticed that well-known strategies produced decent returns up until the last couple of years. The returns on these strategies were lowering over time, but have dried up in the last couple of years. The strategies used can be found in Ernie Chan's books. + + +My takeaway is that I shouldn't trust backtests on older data because the market has changed considerably. Does anyone have thoughts on this? +I'm posting this here because the scammers who reached out to me said they did so after seeing a comment i made on this sub, so i know they are lurking here and probably attempting to prey on others here. + +The last few days I've been getting unsolicited PM requests. This started right after a comment i made on a post in this sub, and one even said they had seen my comment. They are obvious scammers, complete with broken english sentences vaguely talking about some business opportunities. Be aware that it is out there and stay vigilant. i know 99% of the people here are smart enough to not get scammed, but they play a numbers game and enough people must be falling for it that they are hitting up users in this sub more often. +>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. + +-**Q4 Sales guidance $140B-148B, below $155B expected** + +More details here: + +https://www.cnbc.com/2022/10/27/amazon-amzn-earnings-q3-2022.html +If you are curious about the "GameStop-frenzy" and want to read more? Head over to the [DD section](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share) to learn what this sub is all about. + +Did you come here by accident in search of a mayonnaise recipe? [Here's a good one](https://www.inspiredtaste.net/25943/homemade-mayonnaise-recipe/). + +P.S. Did you know that GameStop cleared its debt 2 years in advance, recruited a bunch of people from Amazon & Chewy to transform its business to e-commerce and sold approx 8.5M new shares to the market of a value of $1.6B? Now you know GameStop ain't going bankrupt after all! + + +[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) | [💡 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) |[📈 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) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%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) | [📰 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) | [🏆 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) | [🚨 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` 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!* +We all see what's going on, not just here with GME. We all see the slow climate change ( I work near a ski resort in CO, we haven't had a normal winter in 10 years...) We all see the corruption everywhere now, not just in the stock market but in politics too. We see the burnout around us with our peers. Working twice as hard for half the pay, while rent, housing, groceries, used vehicles, you name it, keeps going up. People don't want to have kids because they honestly don't know what kind of world they'll bring their kid into and I don't blame them. + +But now we have a chance to change EVERYTHING. + +It's like that older, angry dapper looking dude said, "You can't fix shit unless you got a few shekels." + +And you know what? he's totally right. + +I plan on using my money for the greater good. Randomly paying for a nice waiter's college, buying a new vehicle for a family broken down on the side of the highway, Paying off medical debt like John Oliver did, paying to keeping people in their houses. Donating to have trees planted... Hell might as well go and plant them myself. I honestly want to spend the rest of my life making the world a better place, as cheesy as that sounds. Anyway I just smoked and felt all inspired, but I'm speaking from the heart. Mark my words. + +Edit: Thanks for the award(s), you guys rock. + +2nd edit. Downvoting a fluff piece... be gone shills. +I'm aware that the company has a bad financial record and a poor credit rating. Surely, the Duracell deal would be good for them or am I missing something? +COVID-19 situation has taught me some lessons. Except overnight funds and liquid funds, everything else has taken a hammering. So I plan to move funds present in franklin india savings fund and frankin india corporate debt (both of these constitute to around 20% of my emergency fund) to something like below. + +- Invest them in ICICI arbitrage/Any arbitrage. + + Based on my research in this sub, arbitrage is recommended for emergency funds under 3 years. But these are funds that I am unlikely to touch. How safe are these when compared to liquid funds consider time horizon is not a concern. + + +- Invest in Kuvera Savesmart. + + I already invest in HDFC Overnight, Quantum Liquid Fund and Parag Parikh Liquid fund since they hold only govt bonds. Downside is they have low AUM (not sure if this is a problem). Should I move to Savesmart (the funds are distributed to liquid funds with large AUM, but they hold slightly riskier bonds in comparison). + + +- Stick to Overnight funds and Quantum/Parag parikh liquid funds which I already have. + + +- How do people consider Savings account for emergencies. Major banks give very poor returns (even worse than overnight funds) and the banks that give high returns are not protected by RBI under the systematically important banks. + +- And finally, what if markets get shutdown during these times. Then there is inherent risk that emergency funds might get locked. + +P.S : I already have 25% of my emergency funds in FD as well. I don't want to invest more here because of high tax. + +Didn't post this in the advise thread since this is more like a discussion sort of a thing. +Hi everyone, + +Following on from yesterday's post about call centres being understaffed, I thought I'd provide some insights into the industry from my five years working in a call centre environment, first at Telelcom in NZ, and then with an accounting software provider here in Aus. I managed a team and worked on contact centre project for four of those years. + +This won't be a fully comprehensive overview, but I wanted to lay down some of things we did to help guide you in maximising your time, because time is valuable. + +# **Overview** + +Call centres are all about **queues**. When you arrive, you follow a series of voice or text prompts to select your area. There is generally a 'catch all' queue, and then things get progressively more complex as you get more specialised in your needs. Each queue has a **priority** assigned to it, and this is broken down by each service rep. Usually, number one is going to be sales or people wanting to cancel a subscription. Customer service is the catch-all, and that's where you find most new starters on the phones. + +What does that mean for you? Well, in the software call centre, everyone started out with training on the main software, and moved on to more complex beasts as they showed competency (payroll modules, retail software, etc). That means there are fewer people trained in the specialised products, and they'll get those set as their number one priority. There were some legacy products that only had one or two people who knew how they worked, and they ended up stuck on a long call or on a break, and you chose that specilised software, you were literally not going to get answered until that person was free. + +Sometimes you luck out and get someone with the skills you need on the wrong line. At Telecom, for example, I was in the New & move team, with the broadest knowledge base of all teams. We did billing, home lines, cell connections, etc. We were the elite team, because we had to know pretty much the entire business. + +*Special note: call back queues:* These *can* be helpful, but be aware you're really just dropping a voice message into another queue - and that queue may not be prioritised for quite some time. If you've got 50 angry callers waiting on a fix, and five callbacks, you better believe they're gonna wait a bit longer - because in the end, you have left the queue, and you're not so stressed on the wait when Crowded House isn't blaring in your ear for the fifth time on repeat. + + +So, call centre are about queues and, once your in a queue, getting your query dealt with quickly and efficiently to keep the queue moving and stop people waiting. + + +#**Wait Times** + +People hate to wait. **Data** drives decisions in terms of wait times, and the data shows that after a certain amount of time, people's perception of time doesn't matter in terms of satisifcation. In other words, if you pick up the call within one minute, people are very happy. Pick it up within five, they're ok. But after five, the satisfaction drops to zero - whether you answer it in 10 or 30 minutes, people are just as unhappy. So why bother staffing to get all calls answered within ten minutes? May as well target the fifteen mark, or worse. + +We would have a queue manager who watched the queues as they were projected on the wall. It was their job to manually adjust queue prioirities to clear out long wait times. Breaks and start/finish times are hyper-micro managed to try to avoid blowouts, but they do happen sometimes. + +#**KPI's** + +Call centre workers share a range of KPI's, from how they answer the phone to how long the call takes. Usually, Net Promoter Score is their primary KPI in a service environment - so give a 9 or 10 if you loved the service, anything less isn't helpful for them. *talk time* and *wrap time* are the biggest things, as they determine staffing levels. So often you'll be prompted to use an online database to get an answer, rather than walking you through. This is to limit talk time. + +The team who manage the staffing and queues were also given an *abandon* metric. People hang up after waiting too long, it happens - however, if you can put a message on your phone that says 'DID YOU KNOW YOU CAN BOOK YOUR TICKETS ONLINE? SAVE TIME AND DO IT ONLINE DO IT DO IT NOW* (Yes, I'm looking at you, Ticketek), then you can actually view that as a *positive* - people go and do it online, and you can take another call. Ticketek are the worst in all of this, hiding their phone numbers, understaffing intentionally, limiting incoming calls through engaged signals and a low number of phone lines, and harassing you to hang up the whole time while you wait. + +There are also usually sales KPI's of some sort, and you'll pick up on those as people assess your business needs, etc. Phone companies are big on this. + +So, when you're on the line, remember there are specific KPI's guiding your wait time. And if it's blowing out, that's likely a strategy that's being employed to target a certain pickup time. So, how do we best navigate things? + +# **When you're on hold** + +You might wonder what's going on. For new starters, they were generally being coached by a buddy who was listening to the call. The person may be trying to find an answer on an internal (or external) database. They may also be calling a specialist, which means they themself might be in a queue. + +Generally, people weren't mucking around when you were on hold. And they have a timer showing how long the hold has been - so don't worry, they want the call over quickly, too. But the right resolution can take time. Pro tip: only an idiot comes back and says 'are you there?' Yes. Of course. 'Thanks for waiting', please. *Important:* At Telecom, we could hear what people were saying while they were on hold - like a two-way mirror. So even if you're on hold, mute that phone if you wanna bitch (understandably). I just never take the chance. On the lighter side, I remember a guy clearing a credit check at Telecom and I told him to hold. As soon as he was on hold, I hear 'BRO! I can't **believe** I passed that credit check!' + + +# **Tips & tricks** + +- I know it sounds obvious, but **time your call**. I don't just mean avoiding lunchtimes - I also mean the end of the day. Sometimes someone would ring at five to eight with an hour-long question, and you need to clear all calls before going home. You better believe you're unlikely to get good service at that time, as people usually have plans. + +- You can try and **game the queues**, but it will often depend on where someone transfers you. If they choose to put you straight across to someone who can answer your question, skipping the queue, that's a big win. If they dump you in the queue without a handover, it's likely the new person knows nothing about your call and you're going to have to explain everything again. + +- **Bonus: voice prompts** *I don't know who needs to hear this, but if you hate long-winded voice cues like I do, you can skip them by repeating 'operator operator operator' loudly. The system tries to avoid riling you up, it will override all the protocols and dump you in the general queue (normally). This is a failsafe, YMMV. I can confirm it works for some credit card companies. No, I'm not finding my card and entering four pieces of data for you.* + +- There are often delegations of **financial authority** for fixing problems. I had a $500 authorisation on the phone at telecom. Forgot your bill and had a late fee? I'll wipe that. My manager had a $5,000 delegation, and the call centre head had a $50K delegation. Each person tried to avoid escalation, and I find that's an excellent way to go. + +- You're a human, they're a human. **Being polite goes a long way**. I helped so many people when i didn't have to just because they were *nice*. Angry only gets you so far. In fact, I had a lady who was pushy but polite about a billing issue. It was a fair bit of money in dispute, but after chatting with my manager I decided to refund her. When I came back, her partner was on the line, and he ripped into me. The ressult? I refused to waive the fees, after having just fought on the lady's behalf completely at my discretion. So remember to be nice. However... + +- Speaking to a **manager** is a good way to cut through the noise if you're not getting anywhere.On about a third callback, I'm likely to just ask to speak to a manager if I'm only getting incompetence. At the three call centres I worked in, as soon as someone wanted a call escalated, the manager stepped in. I have been known to politely use the line with management 'You and I both want a solution, so how high do I have to escalate this to get a result?' As a manager, one KPI was dispute resolution, so you better believe I was resolving things there and then if I could. Half of the job was talking understandably frustrated people down - so stay calm if you can! + +- You can always **call again** to try and get a different answer, but be aware some software redirects you to the same agent if they're free. I have used this tactic a lot with Singapore Airlines in particular, as I've found staff training levels vary hugely. Often things *can* be done, you just need the right person who knows how. + +# In Conclusion + +Call centres are incredibly complex, but every choice being made is (hopefully) data-led and intentional. They burn people out quickly because of the micro management, but if you know how to work with one, you can get through things a lot easier. There we go! I hope you've found this useful. I may have missed a lot, so happy to chat more if it's helpful. I hope this helps you save time, money, and energy in your contact centre calls. + +**EDIT : So after a bunch of investigation, between some wrinkles, there has been no direct conclusion to what I found. Although the timing of the crypto transfers seems VERY suspicious and correlates with the timing of SOME dumps on GME etc, there's no real hard evidence to make any conclusions. I contacted a known "crypto investigator" and it seems that this is related to bitfinex, and its been known to make large transfers before pumps and before dumps, and has correlated with a few "MEME stocks". If anything more comes of this I will be sure to update and make another post. Futures rollover just ended and if there's another rmajor transfer out. Well ... Lol back to the drawing board and we will re assess this wallet** + + +Automod Nuked my post update on my last post. So here we are again! I will be slowly updating this post over the next hour with hyperlinks to try to avoid getting autonuked again so bare with me. + +Save your rewards you kind apes!! And thanks for the previous ones! + + + +Lots to add, so I restructured the previous post. If you have any DD or good info to add, DM me or comment and I will add it to the post. If I forgot to credit you or you want credit, reach out to me! Not trying to steal anyone's thunder! + + + +I briefly looked into the timing of these dumps with the price suppression of GME and others, even when crypto was on a tear to 60k, they dumped a massive amount of coins right on JAN 27TH! We need more wrinkles on this with time to skim over it. + + +The cherry ontop, they literally dumped coins right before the recent coin crash. Huh.., maybe its the real "REAL NOSTRADAMUS" 😂? + + +- + +#**Information we've been able to dig up so far:** + +- + + +**Wallet ID:** + +3JZq4atUahhuA9rLhXLMhhTo133J9rF97j +(Google it, every time I post a link automod nukes me) + + + +Look at the timing of the crypto dumps and GME price suppression, very suspect stuff. + +-[Imgur](https://imgur.com/gallery/nsN2beO) + + +TARMAC Crypto Transfers Post + +-[HERE](https://www.reddit.com/r/Superstonk/comments/peuiil/whale_wallet_transactions_correlated_with/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + +- + +#**Crypto Exchanges** + +- + + +**-** I'm being told this wallet has direct correlation with BitFinex - Something relating to this also here in a 2 yr old post. + +-[HERE](https://www.reddit.com/r/bitfinex/comments/9yg7m5/bitfinex_cold_wallet/) + +**-** They call it Bitfinex's 'cold wallet' + + + +**-** Linking a comment on my OP regarding a link between **A Big Chinese Real Estate Company** and **T3thr** by a smart ape. + +-[HERE](https://www.reddit.com/r/Superstonk/comments/pkw8gb/umm_so_i_found_this_crypto_wallet_that_has_a/hc6fdh1?utm_medium=android_app&utm_source=share&context=3) + + + +More on T3thr and the liquidity crisis it may soon have. + +-[HERE](https://www.reddit.com/r/CryptoCurrency/comments/pkxfbk/tether_bitfinex_and_evergrande/hc77vj8?utm_medium=android_app&utm_source=share&context=3) + + + + +- + +#**Shower Thoughts** + +- + + + +**-** Some constructive comments from my OP. +[HERE](http://imgur.com/gallery/nKoZXCh) + + +**-** It will be time consuming. But I would try to find a link to KEN G's tarmac meetings in Paris / Cayman Islands. That would be HUGE of one existed. + + +**-** There has also been some concerns about BNB token, and btfinx LEO token(yes, bitfinex owns that too), and how it somehow scathed by the recent crypto dump. And actually made gains! + + +**-** This could be nothing, could be something. Need time to draw some conclusions. Yeah there's alot of speculation here but that's where it all starts. + + +**-** There's thoughts that this wallet may just be a wallet that provides liquidity to Bitfinex's Exchange. The correlation between the price dumps semi-debunks that, or, may reinforce it, due to the fact that Bitfinex is transferring crypto to other wallets where liquidity is needed because those wallets are the ones linked to doing the dirty work against GME by someone else. + + +**-** Maybe the crutch that SHF's are leaning on is crypto. Maybe if **A large Chinese Real Estate Company** fails, T3thr fails, and crypto dumps along with SHF's ability to short the stonk? Black Swan anyone? + + +I'm speaking freely and speculatively here, but I think Someone or a Group of Someone's(possibly the exhnages themselfs working together with Someones), are using crypto in ways we may not understand yet, as a means to short the stonk(or group of stonks). Apes need to dig into this rabbit hole further untill we come to a dead end. +Before I start, I just want to say I am writing this because last time I put up speculative DD, and people were tearing it apart because it was very generalized. Being that I have a scientific background I decided to put the time in to gather all the information and analyze it with statistics before posting this one. I hope some of you find it meaningful and I would appreciate any genuine feedback or constructive criticism! + +**Hypothesis:** GME is responsible for the previous two market dips and has the ability to significantly move the direction of the entire market. + +New York Stock Exchange (NYA), Market Cap ($22.9 trillion), 2400 stock listings + +Nasdaq (IXIC), Market Cap (??), 3300+ listings + S&P 500(MC: $31.61 trillion). + +Dow Jones Industrial Average (DJIA), Market Cap ($8.33 trillion), 30 largest of (NYA and Nasdaq) + +**TLDR;/Abstract:** I compare the relationship between GME, and the world's largest market indices mentioned above using a bunch of historical YTD quotes. The data suggests that there is a statistically significant correlation between GME and both the NYA and DJIA. The data didn’t suggest that there is a significant relationship between IXIC and GME, but the data suggests you might be able to infer that there is actually a significant relationship. As GME rises the market responds by dropping. Based on this data, my prediction is that WSB and GME holders are currently controlling the overall health of the market. If this data is accurate, then GME can be used as a possible predictor of overall market trends and consequently, possibly help for not just GME indicators, but also prospective market strategies/positions. + +**In short**, when **GME goes up**, the **market goes down**. + +**TLDR; for data:** I found that the NYA, DJIA, and IXIC are negatively correlated to GME. NYA ( NYA,**p =.0027\*\***), (DJIA, **p =.0018\*\***), (Nasdaq, p= 0.88) + +**START** + +I noticed that anytime GME is rallying up, my entire portfolio goes red. My thought process was that the hedge funds control such a large portion of the market that when they liquidate in order to battle GME the whole entire market falls as a result. However, whenever I mentioned this idea, I’ve been met with opposition, so I decided to compare the GME to the market indices I mentioned above. + +&#x200B; + +[GME, DJIA, IXIC, NYA, YTD DATA](https://preview.redd.it/ijpbroximxj61.png?width=1251&format=png&auto=webp&s=479499bdf91390cd98ed099bf963ab656421f695) + +If you look at the chart, big drops in all three indices line up perfectly with any large rise in GME price. Meaning, while the whole market collapses GME rises. The opposite is also true, as GME drops, the rest of the market rises. The trends based on these comparisons suggest that GME is to some degree controlling the entire market. I decided to use some statistics so I can see the likelihood that these are “coincidences” as many have suggested. + +**PROCESS** + +I calculated covariance, correlation, and p test matrices based on YTD data from yahoo finance of GME, NYA, DJIA, IXIC. All data can be found there. + +&#x200B; + +[Covariance & Correlation Matrices.](https://preview.redd.it/msw9tittmxj61.png?width=364&format=png&auto=webp&s=e1b76728b60bb58ae1b42c40ee3c0c6de3e80553) + +[P values. Statistically significant values highlighted.](https://preview.redd.it/gwdaxycymxj61.png?width=360&format=png&auto=webp&s=cd89e780bd3a85713d72d6e7a94b249d166c3fd0) + +The results show that there is clear covariance between GME and all of the markets I mentioned. The correlation suggests that there is a moderate negative correlation between GME and the markets, but that makes sense given the vast size of the indices. But what was most important was the p values between GME and the NYA/DJIA. For those that are not into statistics, the p-value is essentially the percentage that the relationships are based on “luck” or “chance”. It is accepted and utilized in the scientific community to establish statistical significance. Any p-value less than .05 is considered statistically significant. A p-value less than .05 basically says that there is less than a 5% chance that the relationships are due to “luck”. As you can see there is a .27% chance that the NYA dropping is random and a .18% chance for the DJIA. While the IXIC does not fit the bill, I believe significance can still be inferred based on the incredibly low p values when comparing NYA to IXIC, or when comparing DJIA to IXIC. + +**So, what does this mean?** + +**My opinions.** + +To me, this means that GME does not just signify a battle between the poor and the uber-rich, but rather a battle for the entire market. On January 26, the DJIA dropped 600 points, the IXIC 300 points, and NYA 400 points with just a $266 dollar increase in GME. Imagine what would happen if GME hit a thousand dollars? At this point, you may be worried that GME may Impact the whole market, and while that should initially cause worry, when you remember the fact that the top 10% own 88% of the ENTIRE market, you should realize that it is not our market that would be impacted, it's *theirs*. + +My opinion is that if the short squeeze happens, we will witness the largest liquidation event in the history of the market and alongside that, the largest redistribution of wealth that not just our society has seen, but larger than any society in history has ever seen. That liquidation would lower the barrier of entry to the market so significantly, that the people would have the opportunity to claim their spot in the market. + +**Final thoughts/ Disclaimers.** + +Anyway, this is just something I wanted to share, not trying to convince anyone to do anything, to buy anything, or not to buy anything. None of this is a fact, it is vulnerable to error, and can be completely wrong but just wanted to contribute my thought process and my research in a meaningful way to the handful of you that may appreciate it. I would love feedback, especially if there are any statisticians out there! I also want to clarify, that this was based on limited YTD data. I tried getting ahold of more meaningful data but apparently, websites charge crazy prices for that sort of stuff. If anyone has access to quality data, I would love to sink my teeth into it. + +I AM NOT A FINANCIAL ADVISOR + +**Edit:** Wow, I am beyond grateful at all of the support and encouragement I received from the community, Thank you all so much + +I also wanted to address a lot of the common criticisms about statistical analysis. Specifically about the one that goes along the lines of "correlation does not imply causation". **There is no such thing as a statistical test that can prove causality. Correlation** is a measure for the **"strength"** of a relationship, meaning, it measures the impact that movement in one variable makes on the other variable. In a statistical context, the term "significant" is not just a buzz word or a strong adjective, it carries mathematical weight which is established by the **P-test**. The P-test essentially measures the **likelihood** that the correlation between 2 variables is **unrelated**. meaning it measures the odds that a correlation is just based on chance or luck. If you look on the labels of nutrition items, if in the corner of a claim you see a little "\*" it means that statement was deemed statistically significant. For instance, vitamin b 12 claims " helps turn food into cellular energy\*" while other vitamins make claims with no "\*". + +In layman's terms the p-test with regards to GME and NYA basically says that according to the data provided, there is a **.27% chance** that the two are **UNRELATED or a 99.73%** chance they are related. In the scientific community, anything below 5% or less than .05 is considered statistically significant. + +Also, I didn't just test correlation, I also tested covariance. Covariance is not the same as correlation. **Covariance** measures the **direction** of the relationship. In this case, the very large negative values are indicative of an **inverse** relationship. Meaning when one goes up, the other one goes down. + +So with that in mind, this analysis provides a measure for the **direction** of the relationship, the **strength** of the relationship, and the **statistical significance** of the relationship. Apart from that, it does not say why or how they related. That is purely speculation, and I clearly labeled my speculations as to my opinions and you are all free to make your own speculations off of the data, I am not convincing you to buy into mine. + +Lastly, I've seen a few comments that were quickly deleted that questioned the quality of my data. All I have to say is that I spent hours looking for better data and was met with buy walls to the tune of [500 dollars](https://firstratedata.com/cb/1/complete-us-stocks-index-etf-futures) per data set. Not to mention a Bloomberg terminal that costs 24k a year. If someone has access to better quality data please make it publicly accessible and I will be thrilled to redo the analysis with it. + +Other than that, Thank you all so much for the support and awards !! + +**Edit #2,** The first step to solidifying any scientific proposal is reproducibility. u/big_boolean took the initiative and reproduced the correlation between GME and DJIA. He got a correlation coefficient of -0.53 which is close to mine of -0.49. + +[u\/big\_boolean Graph](https://preview.redd.it/uu51ljdpsyj61.jpg?width=600&format=pjpg&auto=webp&s=23556405c1362f35eab8932dca9927ff9b075c69) + +For those who would like to help reproduce or challenge the post, post your results, and I will add them on. For reference, I used 2 degrees of freedom for my calculations. + +**Edit#3** I've started to notice a lot of experts commenting that have a much better and in-depth understanding of applied statistics than I do. To all of you experts, I welcome your criticism. Being that experts in statistics are an incredibly rare breed, I would really appreciate it if you all propose actional propositions that I can take a swing at myself, or better yet I'm sure the community as a whole would appreciate it if you took action and provided your own DD considering you are experts in your fields. If you do decide to provide suggestions if you could list them in stepwise instructions that would be even better. **Pointing out problems/faults is important, but providing actionable solutions even more so!** +Hi all, + +I previously made a post about the importance of calculating ROI and not only analyzing cash on cash return as the king metric. This has been talked about at length but in summary, there are three ways to create wealth with rentals: cash flow, appreciation and loan pay down. Return on investment encapsulates all three in an annual percentage. (The Fourth is tax advantages) + +I hope this helps, it may be difficult to follow because of poor formatting so if you have any questions please let me know! + +To calculate ROI we need the first of three parts of the formula: cash flow. I’m sure most can calculate annual cash flow. For those who are new, your cash flow is simply your profit after deducting all expenses (not taxes) from your income (rent). In this example our yearly cash flow is $3,367. This is over simplified but if you still have questions on cash flows please let me know. + +Secondly, we need to analyze our annual loan pay down. You can do this by googling an amortization schedule of your loan or you could build a schedule in excel so you can quickly analyze it for every deal you come across. Your monthly mortgage payment will stay constant throughout the duration of the 30 year loan. However, the portion of your payment that goes to interest and principle shifts as your pay down your loan. Your first payment will be mostly interest and your last payment will almost be entirely principle. + +To calculate your mortgage payment, use the PMT function. In this example let’s use these facts for our loan: $285,000 mortgage, 3.85% annual interest rate and a 30 year (360 months) fixed loan. So to calculate our payment it will look like this: =PMT(3.85%/12,360,285,000). You should get a payment of $1,336. Now let’s build our amortization schedule. + +Our first monthly payment should look like this ( https://imgur.com/a/PydNPdE ).To calculate your principal and interest you simple multiply your monthly interest rate (which in our case is .32%) by the remaining principle (since it’s the first payment will be the full loan of $285,000). So our interest payment is .32% * $285k = $914. To calculate your contribution towards principle it simple our monthly payment (1,336) - our interest $914. Our payment towards principal is $422. That means our remaining loan balance is our PRINCIPAL payment ($422) - Remaining balance (285k). This means in the second month we are multiplying our monthly interest rate by $284,578. After you finish entering your second payment, you will apply to click and drag the formulas all the way to the 360th payment. + +Now to find our yearly loan paydown, we simply find our remaining balance after the 12th mortgage payment (one year) and subtract our original loan (285k). In our example our first year loan remaining balance should be $279,849 (remaining balance) - $285,000 = $5,151. Here’s a picture of the expanded schedule: https://imgur.com/a/daGCyvD + + +So far we have calculated our yearly cash flows, yearly loan pay down and now we need to calculate yearly appreciation. This part is pure speculations depending on your market. I use 3% for my average yearly appreciation, if you live in SF your % may be 5% or if you live in Ohio it may 1%. It’s entirely relative to your market. To calculate your appreciation it’s simple as taking the value of your property and multiplying it by 1 + the percentage. In our example our property is valued at $330k so our first year appreciation of 3% it will be: $330k * 1.03 = $339,900. So our first yearly appreciation is $9,900. + +Now let’s put it all together: +($9,900 appreciation) + ($5,151 loan paydown) + ($3,367 cash flow) - Initial investment of 48,629/ $48,629 Initial Investment + +Here's what the model looks it: https://imgur.com/a/dUhNpxu +When you are familiar with this you can do vlookups and all you need to change is the the box “Years” to get your average ROI throughout multiple years. +Looking at a house currently that splits streets with an awful school district and area. Not the immediate area, but progressively gets worse as you go down. + +But luckily the side of the street it is on is a good school district. So my thought is maybe people would pay more just for the school. But my concern is the area is so close to the (start of) bad location it may not catch the 'school district' wave + +Is this a pro or am I over thinking it? +With these price drops on the market, what are you guys looking to buy / buying? Are you going for something safer like VTIP, or bonds? Or are you guys taking advantage of the price drops to buy stuff like SCHD, META, COST, etc on a lower price? +For example, Sofi is trading around 14.30. I could buy 100 shares for 1,430. Or I could sell a slightly ITM put at 14.50 for end of this week, and premium would make the cost basis 13.79 instead of 14.30. + +Is there a catch other than the stock going above 14.50 and I don't get assigned? +Is it realistic to sell naked ~15 delta puts on quality companies using technical analysis and make 1% a week over the long run? Yes the obvious is what happens during a major downturn but the idea would be to roll down or down and out. + +And please for the love of God I don’t want to hear “it works until it doesn’t” +I've posted this in r/Economics and r/Askreddit, but nobody ever replied. Trying my luck here. Any insight would be much appreciated. + +**EDIT:** Finally some answers. Thank you everybody for these VERY enlightening comments. +A quick wrap of the year 2020 and any outstanding business. + +&#x200B; + +**SPECIAL ELECTION BET** + +\- /u/decapper bet /u/niloony [that Trump would win the US election.](https://www.reddit.com/r/ASX_Bets/comments/jmx9zv/us_election_megathread/gb0atji/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) The electoral college has voted and [betting markets have settled.](https://www.predictit.org/markets/detail/2721/Which-party-will-win-the-2020-US-presidential-election) Thus is it time for /u/Decapper to leave us. I'm sure there is someone taking "donations." to try to change this result. As well as certain letters of the alphabet who are taking time off of running a pig farm. If the results change, feel free to appeal (No, we do not accept claims of cloning or body doubles). Otherwise, adios. + +&#x200B; + + **CHRISTMAS** + +\- Spicy Bunnings Sausage time boys, [u/archbishopofoz](https://www.reddit.com/u/archbishopofoz) & [u/itsdankreddit](https://www.reddit.com/u/itsdankreddit) the [APT bet](https://www.reddit.com/r/ASX_Bets/comments/jeii88/where_to_buy_shorts/g9em0q7?utm_source=share&utm_medium=web2x&context=3) is over. + +u/itsdankreddit is the winner, and we are waiting for a post showing those sweet delivered Snags. + +u/archbishopofoz is having a week off to contemplate never again betting against the retard strength of **APT.** For Afterpay is Strong and full of idiots. + +&#x200B; + +\- Now, [u/ItIsYeGiraffe](https://www.reddit.com/u/ItIsYeGiraffe/), I really think its time for the inevitable. + +The bet was they [said ZIP will hit $10 by Christmas or they will fuck their own Dad.](https://www.reddit.com/r/ASX_Bets/comments/jfqxzc/dw_z1p_to_the_moon_10_by_xmas_haha/g9lxwjl?utm_source=share&amp;utm_medium=web2x&amp;context=3) No Dads have been violated in the name of Z1P, for which we are all probably a bit relieved. We were preparing pornhub accounts. Checking if Wives boyfriend's accounts could be swapped out for a single gay GILF amateur vid, all for nothing. + +Its time to depart for your 3 months of psycho-therapy, we hope you come back marginally better adjusted to impulse control when the time is up. + +&#x200B; + +**NEW YEARS** + +&#x200B; + + \- [Our Nude run](https://www.reddit.com/r/ASX_Bets/comments/iik6o6/sezzle/?utm_source=share&amp;utm_medium=web2x&amp;context=3) with [u/alimessimourad](https://www.reddit.com/user/alimessimourad/). Either Sezzle to $13 by Xmas or ban. It is suggested that a strategically placed umbrella may help. While the run itself must be nude, carrying a small (we assume very small) sock may help reduce flopping during the escape. + +Failure to follow through on a Bet = **PERMA BAN** + +&#x200B; + +\- Our **Perma-Ban** bet is over from [u/Vulpes-corsac](https://www.reddit.com/u/Vulpes-corsac/) and **EM1**. + +So you are in the loop, the bet: [EM1 hits 0.14 by New Years they will depart on a Perma-Ban.](https://www.reddit.com/r/ASX_Bets/comments/jv1kc5/what_it_must_have_felt_like_buying_em1/gch08xf?utm_source=share&amp;utm_medium=web2x&amp;context=3) + +\- It looks like /u/Guad1anMeme [needs to get chomping on some Rubber bands soon](https://www.reddit.com/r/ASX_Bets/comments/kjs6n3/im_scared_boys/?utm_source=share&utm_medium=web2x&context=3). I've heard of them putting rubbers in their mouth, but this is a new meaning. + +\- [HAIR OF THE DOG](https://www.reddit.com/r/ASX_Bets/comments/jabega/hair_of_the_dog/?utm_source=share&amp;utm_medium=web2x&amp;context=3) has been fulfilled from [u/T3MUR](https://www.reddit.com/u/T3MUR/), it was suitably disgusting and can be viewed [here](https://www.reddit.com/r/ASX_Bets/comments/kni8x5/man_of_my_word/?utm_source=share&utm_medium=web2x&context=3) + +[u/nottherealmalhotra](https://www.reddit.com/u/nottherealmalhotra/) , we await your submission..... + +&#x200B; + +&#x200B; + +We have a few bets running into the new year, these will be captured on the next bans and updates post in a fortnights time. +Need BBUS to surge back to an astounding 6.5 to *break even* and make up that 6.9k loss. + +Obviously all my diamond hands DD is based off selected WSB bears like VS and other punters praying for an earnings reality check, a second wave, a sudden disinterest from JP on QE and other miracles. + +At the same time, I screwed up so much in FOMO-buying that FOMO-selling now seems the best way to miss both sides of the swing. + +Now my wife and her bf are breaking my balls to cut my losses (cut my balls is also on the table), so fellow autistic visionaries, how are you handling this massive green dildo with your BBs - it's only my second time since the 2017 shitcoin rush and I dont like it so much. +I only found out what the name for this position was recently. I remember back in 2008 or 2009, I was watching an interview with James K Galbraith about the deficit. I believe he was effectively arguing that the deficit didn't matter. Now, I find the usual Keynesian view that you can run deficits in hard times to increase consumption and balance the budget when things are going well again to be fairly intuitive. Nevertheless, this position seemed a stretch to me and I never really bothered to understand it. + +Now, I only recently realized that people who support this position are known as "deficit owls" and support a theory known as MMT. I then found this video on youtube where Stephanie Kelton explains the position somewhat: + +[https://www.youtube.com/watch?v=bXK9JQnvVLo](https://www.youtube.com/watch?v=bXK9JQnvVLo) + +I have no idea where that graph comes from and it seems to show private sector surplus having a 1:-1 relationship with government deficit. Is it just something she cooked up for simple illustration purposes? + +Of course I can find plenty of arguments against this position based on "common sense" and effectively straw-manning the MMT position. None of this is helping me actually understand what the MMT economists believe. I would really like to better understand the academic argument on this instead of hearing the same political talking points over and over again. + +Also, I'm interested in knowing why MMT is regarded as synonymous with "neo-chartalism". Do their arguments logically follow from the basic assumption of chartalism (i.e. that fiat currency's value is derived from the governments ability to levy taxes). Or is it possible to accept a chartalist view of money and reject the usual positions associated with MMT? +Economists seem to agree (http://www.igmchicago.org/surveys/steel-and-aluminum-tariffs) that we ought not implement these tariffs. What should be done instead (if it turns out that nothing should be done in this case, what should be done in cases where action is justified)? +I didn’t know where else to ask this for economics specifically. + +Some people do well under pressure in high risk jobs (e.g. trauma doctor in the ER/OR). My professor told me once that when the financial crisis happened there were economists sleeping in their offices at the federal reserve and working around the clock to fix the economy and prevent global financial market collapse. + +It got me wondering if there are other jobs like this within economics where you’re working under pressure and in a limited time to fix and offset economic problems. There may not be but I’m just curious if anyone knows of anything. +Seems to me that it made the Fed have more opportunities to print money, and made the USD more volatile and sensitive to market demand. So why the change? Did they work? Keep in mind that I'm just recently learning about this, so my knowledge of the topic might be erroneous. +After two hours of search in Google and my econ book collection I am at a loss as I cannot find a reference for a topic I remember once reading about. + +If I recall correctly, the story goes that, during the Cold War, a few Soviet economists were discussing about what would a post-capitalist world look like. Considering the price calculation problem that had been forwarded by Von Mises, F.A Hayek and a few others in the 1920s and after, one of these theorists concluded that, following the triumph of the revolution, they would have to leave at least one capitalist country so that communist countries would have a reference point for setting prices (I think New Zealand was proposed). + +Remember that the Gosplan usually determined production quotas and fixed prices based off of taking a look at what western market and newspaper indexes were indicating. + +Could someone help me out finding a reference for this? If possible, could it include the name of the theorist that proposed the idea? +I was having a discussion a little while ago with a friend who is very economically conservative leaning. I'll give a very brief summary of the points that we both made to set up my actual question. You can chose whether or not you want to answer 'in context' to the discussion we were having. + +My point was essentially that I have a lot of respect for the nordic economic model where we would allow the economy to be dominated by private enterprise but have a very secure social safety net by paying for a welfare state by government funding of basic services like healthcare, education, pensions, other benefits etc. I think that the success that we can see in nordic nations on these kinds of policies should encourage us to implement them (or at least something similar) here. From what I know (or I have heard) the success of these systems comes from the fact that it allows good economic opportunity for citizens. Lack of poverty at the 'bottom' layers of society mean that more people can engage with the economy. Something like that? + +His argument very much boiled down to that idea the government could never fork out for these kinds of services and expenditure because of the state of its debt and that reducing debt was by far the most important task for the government. From what I remember he believed this because the debt has some impact on the income of citizens but I can't remember how. + +My actual question is this: + +Is it not possible to lift yourself out of debt via proper spending? Is the UK's debt really as cripplingly important to the well-being of its citizens as this person may make it out to be or is there some balancing argument to be made here? And if he is completely right, what are these Nordic countries doing that means that they're not being plunged into debt by *their* spending? + +As you can probably tell, I'm not an economics expert. Like I said, my admiration for the nordic model essentially comes from seeing the highly rated standard of living and well-being of its citizens. Same goes for him, his concerns were just about government spending comes from the UK's debt. + +Thanks for any answers. +Hi, + +I was wondering if there are any professors or programs or anything that allows high school students to work on an economics research paper remotely? I mean I know that high schoolers might not know shit and aren't even qualified but still, if you happen to know any opportunities then please please let me know. +How did their central planners calculate the amount of goods to produce and their price without the laws of supply and demand? It seems really weird. How could they produce anything without knowing how much to make? Isn't that why they had frequent shortages of basic goods like food? + +Please be neutral as possible. +40M, married in VHCOL, net worth (excluding retirement + non-public startup equity) is $5.7m - splits out to $2.7m in real estate (incl. $1.4m in primary residence equity), rest in VTI. My fatFIRE goal is \~$10m. + +Net worth is not counting $1.2m in retirement accounts and \~$5m (as of last 409a) in startup equity from prior job that I treat as $0 - if it became liquid then wonderful, I have extra money. I work remotely for a large global bank, W2 is around $2m pre-tax. I'm on an upward trajectory but for planning purposes I am assuming no changes in income. + +&#x200B; + +Looking to move locations to Arizona (we lived there during pandemic and loved it) and purchase our dream/forever home. Market has bid up a lot in the last 6+ months (thanks to Californians wanting to move there and bringing bay area dollars). I was expecting to spend \~$2-3m for our home but now we are seeing we will probably have to go up to $4m purchase price to get what we want. + +Would finance with a mortgage through my employer (get amazing rates vs. market, can finance 100% etc.) Wife & I are home-birds and live relatively frugally, even with the much bigger mortgage we would still be saving $800-900k per year after tax, so I would reach my fatFIRE number in maybe 4 years (2026). + +&#x200B; + +My question - am I taking a big risk here? My math says no, but I am feeling discomfort - mainly due to the big change from $2-3m to $4m spend for our forever home. Are there risks I am not thinking about? +&#x200B; + +https://preview.redd.it/ghy28hc94xd71.png?width=1600&format=png&auto=webp&s=3bafbd75eb9a8915ab07d8a92f2358b183368798 + +Good Morning Apes, + +S&P400 midcap, GME CEO, SEC chair GG, NSCC-2021-011 There are quite a lot of interesting news today. + +https://preview.redd.it/qhtjdmfi4xd71.png?width=680&format=png&auto=webp&s=4b5dfa5be4f2e37f64c4781aad07904254038474 + +&#x200B; + +# [🔴Daily Reverse Repo Update 07/27: $927.419B🔴](https://www.reddit.com/r/Superstonk/comments/osr7xz/daily_reverse_repo_update_0727_927419b/) - [u/pctracer](https://www.reddit.com/user/pctracer/) + +[credit to u\/pctracer](https://preview.redd.it/dzyvp5at3xd71.png?width=960&format=png&auto=webp&s=42835bd6bd7d4d02e759a546d8f8a51668e5eb77) + +&#x200B; + +# [BREAKING NEWS: GameStop to join the S & P MidCap 400 effective Aug 4th, 2021](https://www.reddit.com/r/Superstonk/comments/osvo7b/breaking_news_gamestop_to_join_the_s_p_midcap_400/) - [u/RhinoS7](https://www.reddit.com/user/RhinoS7/) + +[credit to u\/RhinoS7 ](https://preview.redd.it/mchc66fw3xd71.png?width=960&format=png&auto=webp&s=b7445e6bdabb515d155aae02ab7d86cd34446117) + +&#x200B; + +[Study from Texas A&M on how announcements for joining the S&P400 FROM the S&P 600 affects a Stock!! Things might get fun tomorrow 🚀🔜](https://www.reddit.com/r/Superstonk/comments/ot11fe/study_from_texas_am_on_how_announcements_for/) \- [u/Insahnitee](https://www.reddit.com/user/Insahnitee/) + +[credit to u\/Insahnitee](https://preview.redd.it/0oaoxe0rvwd71.png?width=960&format=png&auto=webp&s=0e0a65fc5333d93c91a527abacac9429e09d681c) + +Expect price movement in the near future and if it doesn't then that would be even more interesting. + +&#x200B; + +# [CEO introducing himself to GameStop- I like his message about his plan with the company. “Technology led retailer”](https://www.reddit.com/r/Superstonk/comments/osus09/ceo_introducing_himself_to_gamestop_i_like_his/) - [u/CGabz113](https://www.reddit.com/user/CGabz113/) + +[credit to u\/CGabz113](https://preview.redd.it/jxfykkn90xd71.png?width=828&format=png&auto=webp&s=73d75bc1edc65873d8ad42231f827040d29d520a) + +Sounds like we will be getting some t-shirts in the future. + +&#x200B; + +# NSCC-2021-011 Rule change filing + +[Rule Alert! NSCC PROPOSED RULE CHANGE FILING – TO REMOVE ID NET TRANSACTIONS FROM REQUIRED FUND DEPOSIT CALCULATIONS (SR-NSCC-2021-011) how transactions processed through the ID Net Service are handled following a Member default.](https://www.reddit.com/r/Superstonk/comments/osqksh/rule_alert_nscc_proposed_rule_change_filing_to/) \- [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) + +IlluminatiKev says in the comments "[Essentially, they used to be able to lump in institutional trades with normal trades through this ID Net Service, to expedite settlement AND to add the value of those institutional trades to their collateral calculation, but now they won’t be able to add those values to the calculation & will need more collateral (!)](https://www.reddit.com/r/Superstonk/comments/osqksh/rule_alert_nscc_proposed_rule_change_filing_to/h6qj8wg?utm_source=share&utm_medium=web2x&context=3)" - comment by [IlluminatiKev](https://www.reddit.com/user/IlluminatiKev/) + +&#x200B; + +[NSCC-2021-011 | Remove ID Net Transactions from the Required Fund Deposit Calculations and Make Other Changes to the Rules](https://www.reddit.com/r/Superstonk/comments/osw071/nscc2021011_remove_id_net_transactions_from_the/) \- [u/Horror\_Veterinar](https://www.reddit.com/user/Horror_Veterinar/) + +Horror\_Veterinar goes more into what this filing means " The main purpose of this filing is to ***MORE ACCURATELY DETERMINE THE RISK WHEN THE NSCC MUST LIQUIDATE PORTFOLIOS DUE TO MEMBER DEFAULT*** " it's a relatively easy read so give it a look. + +&#x200B; + +# [DTC-2021-014 | Settlement for SFT Services | Risk Control Management](https://www.reddit.com/r/Superstonk/comments/osqhgf/dtc2021014_settlement_for_sft_services_risk/) - [u/Horror\_Veterinar](https://www.reddit.com/user/Horror_Veterinar/) + +Horror\_Veterinar have looked at the new DTC-2021-014 filing enough to make another post, that said it's way beyond me. + +&#x200B; + +# [I CAN'T HEAR YOU: Closed with 1.15 Mil volume! HIGH SCORES coming in left right and center baby!](https://www.reddit.com/r/Superstonk/comments/osuqt3/i_cant_hear_you_closed_with_115_mil_volume_high/) - [u/edgar510](https://www.reddit.com/user/edgar510/) + +[credit to u\/edgar510](https://preview.redd.it/yv7x01u24xd71.png?width=804&format=png&auto=webp&s=076950c4d9c791d5bd91c111cdd169c1a087d85c) + +&#x200B; + +# [As SEC Chairman Pushes His Attorneys, Some Are Choosing the Door | Law.com](https://www.reddit.com/r/Superstonk/comments/osm7u2/as_sec_chairman_pushes_his_attorneys_some_are/) - [u/SG\_Retard](https://www.reddit.com/user/SG_Retard/) + +Sounds like Gary Gensler is forcing the sec attorneys to harden up and do proper work which ofc some of them don't like and chose to leave instead, I think this is the first piece of news that shows that Gary Gensler is actually doing something at the sec. And we can probably assume a big reason that it's taking so long is because there is probably a big pushback from the senior management. + +&#x200B; + +# [Gamestop NFT new URl points to potential trading of games via IPFS](https://www.reddit.com/r/Superstonk/comments/osmrh0/gamestop_nft_new_url_points_to_potential_trading/) - [u/Vertigo\_uk123](https://www.reddit.com/user/Vertigo_uk123/) and [u/hooper359](https://www.reddit.com/u/hooper359/) + +hooper359 have been looking at GameStop subdomains and have found a new one ipfs.nft.gamestop.com he and the comments go into what ipfs means and the possibilities for it. + +&#x200B; + +# [Level Up - GME moving into the S&P500 could happen soon](https://www.reddit.com/r/Superstonk/comments/osnbhb/level_up_gme_moving_into_the_sp500_could_happen/) - [u/Latespoon](https://www.reddit.com/user/Latespoon/) + +GME qualify for all requirements except one to join the S&P500 and that is to have four consecutive quarters earnings net income and if GME posts any positive earnings this quarter then they qualify for it, that said the S&P500 committee needs to decide if GME should be allowed to join but Latespoon thinks it's quite likely that they will let GME in, this could possibly have a big positive effect on GME's stock price so if you have something that you want to buy go and check if GameStop is selling it to give them better earnings. + +&#x200B; + +# [GME Is Micro-Gapping During Trading Hours... There's No Liquidity To Fill a Spread...](https://www.reddit.com/r/Superstonk/comments/osoibk/gme_is_microgapping_during_trading_hours_theres/) - [u/ThatGuyOnTheReddits](https://www.reddit.com/user/ThatGuyOnTheReddits/) + +Due to the volume when someone buys or sells... the price change is increasing, basically, when someone buys (or sells) instead of the price going from 179 to 179.2 it's going from 179 to 179.8 (imaginary numbers) and while this has apparently been going on for some time now, it's really starting to get noticeable. + +&#x200B; + +# [UPDATED | NSCC-2021-002 has the SHF against the ropes. The next run-up may trigger the MOASS.](https://www.reddit.com/r/Superstonk/comments/osurpl/updated_nscc2021002_has_the_shf_against_the_ropes/) - [u/humanisthank](https://www.reddit.com/user/humanisthank/) + +humanisthank goes over the NSCC-2021-002 a little and the effects it is having and some speculation. + +&#x200B; + +I have finished the system for the Daily stonk group and have contacted a couple of people that have shown interest in helping out, I don't know when it will start but I'm hoping for a test run for Fridays post. + +And while I have been creating the system I realized I have delegated enough work to others and made it fluid enough that I could probably act as the editor/poster and keep on posting it, I probably won't get too involved in making the synopsis for the posts or finding posts but I can format it and ensure that the quality stays high. That said once I post The Daily Stonk I probably won't be able to interact with it if something happens or interact with the comments for 13 hours till I get home. + +&#x200B; + +We will probably need 1 or 2 more people to help write the synopsis for posts, If you'd like to help slide me a dm, ideally if the system works as hoped you shouldn't have to devote more than 1 hour per normal day (or we might have to find more people) + +&#x200B; + +https://preview.redd.it/8hix7q466xd71.png?width=554&format=png&auto=webp&s=eb305b187c0538429934913bc42ec29d5d3d8e31 + +EXCELLENT! + +Be friendly, help others! + +As always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +**We help each other, we care for each other.** + +**Ape don't fight ape, apes help other apes!** + +This helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +**We don't care, just be nice and let's make this community as Excellent as we can!** + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +Don't try to exploit your fanbase, this would also be excellent! + +Remember none of this is financial advice. + +If anything happens throughout the day we will be adding it here. + +Backups: + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +Edit removed/changed part of my "[CEO introducing himself to GameStop- I like his message about his plan with the company. “Technology led retailer”](https://www.reddit.com/r/Superstonk/comments/osus09/ceo_introducing_himself_to_gamestop_i_like_his/)" comment. + +Edit mistook S&P midcap 400 with S&P500 so I fixed some misleading comments. +https://www.cnbc.com/2017/08/24/amazon-says-whole-foods-deal-will-close-monday-prime-customers-to-immediately-get-discounts.html + +Prime members are not immediately going to get discounts according to the Press Release, but Prime will eventually be the WF rewards program and Prime members will get special discounts. +I already swallowed the hard pill of learning I’m not a good trader, luckily it only took about 10k for that to sink in. I have a vanguard I buy SPY with each month but I want to hand the money over to a professional or continue in index fund trading. +I am worried of getting myself into something where they talk me into letting them have an extra 2% above normal (don’t know what a fair rate is) and it screws me over the next decade. Also been reading a lot of articles saying SPY returns will drop hard over the next few years from 8%-3-4 although no one can see the future. If anyone has advice on good funds and what is a fair rate to pay a firm for management I would really appreciate the input and advice. I’ve seen old family friends who lost savings and a huge amount of their wealth in situations I know could have been avoidable if they had someone to warn them. +I was well on my way to FIRE at 600k net worth at 26yo (Toronto) , and I recieved an inheritance of 5million. So on a similar note to one of the previous threads about “active” investing, I don’t want to RE yet , since my initial plan was around 40yo.. now I’m 15 years early (not complaining)! + +My question is : how do I invest this money so it can grow, conservatively invested , in a tax effective manner ? Do I get a private banker ? A specialized CPA or is my situation pretty common (similar to inherited money)? + +Background : + +Single , no kids , 70k in a professional licensed field , income to rise over time . May one day open my own practice as a professional goal of mine . + +TSFA maxed already + +192k mortgage left on my 550k condo + +RRSP is 0 as I was waiting to be in a higher tax bracket and my work doesn’t match . Currently 70k salary but I assume with dividend investing I would be in the highest tax bracket . Should I max this ASAP or wait until next year when my income is reported as in the tax bracket (due to capital gains) + +Is there any tax merit to open a numbered Corp and invest through that / pay dividends to myself ? I would not need any immediate access to this money in the near future and I don’t plan on inflating my lifestyle at all. I can live off 2-3k a month . Bumping it up to 4K a month to own a nice car would already be a huge luxury for me . Can I partially “write off” things like my mortgage, meals, and a car through this numbered company then ? + +Thanks for everyone’s input ! I realize I’m in a very fortunate situation and I would hate to waste it all away . + +Edit : to everyone hating that I’m financially immature . This relative was in a different country and I was only able to visit them once a week every year and we didn’t do finance lessons when we were soending time together . I hope I can learn more from the people in this community . + +Additionally . I’m not looking to commit tax fraud , just be tax efficient ! +This is absolutely the best example of why the world needs cryptocurrency. Rich assholes squeezing every penny out of everyone they can and when the shoe is on the other foot and a small chunk of their huge fortunes are taken, they complain and get taken care of. + +Where is all these rules when the big guy is f***ing the little guy. + +This is exactly why we need cryptocurrency so be ready for it. Be ready to explain to your friends how it works. It's coming and it can not be stopped +This has very clearly become a huge trend of applying for things people don't understand, and it's about as intelligent as the blonde applying for a credit card and then not understanding they have to pay it back. + +And for fucks sake it shouldn't even need to be said, but if you're so mentally fragile that you start to feel suicidal after making the trade you didn't understand but that YouTuber you like said was a sure thing, you shouldn't have been trading in the first place. + +Educate yourself, and you'll be able to consistently pull a profit instead of trying to strike it rich. Understand that you won't pull a ten thousand percent profit every time, and that is perfectly okay for you to take your profits before your investment has reached peak value. Understand that you're not losing by taking 30% gains if it continues to increase in value afterwards. And understand that you lying to your broker just to be able to take more risks only hurts YOU. + +*Some people will most likely think this post is mean or too harsh, but the stock market is a harsh mistress, and I don't believe that we are doing anyone any good by coddling them, and that it only makes the overall problem worse. For the record, I think brokers current system regarding applying for things like options trading and such is completely broken and actually exchanges these people to lie, but the ultimate responsibility still lies with the investor. +There are so many incredible projects in this space that truly have the potential to change the world, and the internal token of a centralized exchange is valued more than ALL but two of them. I'm not even sure it makes sense to call BNB a cryptocurrency. + +How did this happen? Who do you think are the main BNB buyers? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Hey all, this is my (Europoor Ape) first post here. I'm also not very familiar with Reddit formatting so I'm sorry if this reads awkwardly. + +I only recently bought my first few shares in late April after stumbling onto this subreddit and reading the wonderful DDs. What a wild ride this has been for me already! My respect to you all that have been hodling since January. + +I wanted to share this message with you: I'm pretty sure there are MANY apes just like me that haven't ever posted and have just been lurking here. An example from my own circle: around 10 friends of mine are all invested in GME and none of those have ever posted on this subreddit. Collectively we hold in the high XX amount of shares. I remember reading a mod's post that this subreddit gets millions of unique views weekly, and you have to imagine that there are bound to be people that don't even check this subreddit but just follow the advice of friends/family. + +This is a movement that is connecting people from all over the world, and that is a genuine rarity in modern times. No crazy DD from me but I just wanted you all to realise this movement is likely much bigger than we all think. Buy, hodl, and vote if you can! Hope to see you all on the moon :) + +Edit: I've received multiple comments saying this isn't a movement and you guys are right. I wasn't quite sure what else to call it (English isn't my native language) but I guess situation is a good alternative. +https://www.businessinsider.com/whole-foods-shoppers-blast-amazons-prime-member-discounts-2019-4 + +Some Whole Foods shoppers say they aren't saving any money with Amazon's Prime member discounts. + +"There is no benefit whatsoever," said Claudia Cukrov, an Amazon Prime member who shops at a Whole Foods in Brooklyn, New York, on a near daily basis. + +Spencer Somers said he has stopped scanning his Amazon Prime member code at Whole Foods. "I was scanning it every time, but it wasn't worth the under $1 savings," he told Business Insider. + +Amazon said response to the Prime member discounts has been positive, and that members have saved $100 million at Whole Foods since last summer. + +Amazon announced this week that it would slash prices by 20% on hundreds of items and double the number of Prime-member deals available to Whole Foods shoppers. +I’ve been slowly sizing up my positions for the past three months and wanted to ask y’all if or when you began to see your positions affecting the stock price (for example, taking a long position and the stock increasing a little) or when you began to run into problems with liquidity. +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 € *($135.00 / 128,36 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0517. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +So I live with my mom and we split the rent 50/50 sometimes I give her 2/3 of the rent because I want her to save up. + But she doesn’t do that. She goes and buys unnecessary things. Like just yesterday I found out she went and spent 1200$ + +And when I ask her if she has savings she tells me: + +*“You have to enjoy life. And you can’t take any money when you’re dead”* + +And I ask her, + +*“how much money do you have for an emergency?* + +And she says: + +*“I have some but then I also don’t have because I gotta pay debt and bills”* + +Which is why I often pay most of the rent. +I have a small emergency fund but I’m concerned for her not having any. + +How can I help her? +JEPI is an actively managed ETF, which claims to attempt to track the returns of the S&P500 while also "providing monthly income and lower volatility". I already have SCHD, but I think some monthly dividend from JEPI would also be nice. + +However, JEPI underperforms SCHD and VOO over the long term, but that is without considering DRIP. How does JEPI hold up to VOO when adjusted for the dividends? Is there a good online calculator or graphing applet to do this? + +Thank you for your help. +My dad owns a house that he rents out; the tenant stopped paying rent when my dad told the tenant he had 30 days to vacate because my dad wanted to sell the property. My dad then put an eviction request to the court, where it has now sat for 7 months (Clark county, GA). Is there anything he can do to help accelerate the process? The guy has been living rent free for almost a year now. + +EDIT: my dad did provide proper written notice and they do have a written lease agreement that the tenant is clearly in violation of +Hiya, I’ve been using onlyfans for a year and made around 12k just working one or two days a week. This took me over my tax threshold as I earn around 44k in my dayjob. +I enjoy onlyfans, and I like making my own money. +I registered a limited company, employed an accountant to ensure I stay legit and advise me, but now the final piece of the puzzle is missing which is an account to be paid into. +I do not want to keep being paid into my current account. + +I’ve been rejected by Monzo and Tide. I have an application now with starling but I’ve done all I can to avoid telling them what i actually do and have focussed on what I do for my dayjob. This has been incredibly demoralising. I’m trying to do the right thing and feel like this is discriminatory. It’s also meant I either can’t withdraw my money, or have to do it into my current account which feels like I’m going to run into trouble with the tax man if I screw up. + +Please help! + +*** +Edit: thanks to everyone who’s answered so far, there have been some really helpful comments! +Keep em coming. + +Please do read this post though, I’ve had a bunch suggesting Monzo, Tide and Starling and suggest I register as a limited company… ummm + +And if you think I’m “worth more than posting nudes” please keep that opinion to yourself. I do it because I like it. + +Also, thanks for the interest but please do not DM me asking for a link to my onlyfans, I will not give it out. I’m not here to advertise and I’d rather people signing up to me don’t know how much I earn. Or work out clues to the industry I work in. I like to keep my business and horny lives separate. + +Thanks xxx +I just read this article and thought it was a well written insight into what seems to be an ordinary journey to financial independence/retirement, and knowing when what you have is 'enough' for you. I'm not anywhere near financial independence, but even in my situation (average salary; no assets) it's a good reminder to enjoy what I have. + +[https://www.nytimes.com/2020/10/08/business/mutfund/saving-money.html](https://www.nytimes.com/2020/10/08/business/mutfund/saving-money.html) + + + +>*Unsettling though it was not to wake up every morning trying to make as much money as I could, I came to realize that I have more control over my time than I ever have. I am pleased to be able to work as much as I want to and to be able to help others. I am not unique in that. Maybe I’m naïve, but I think just about all of us do what we can. Especially now.* +> +>***John C. Bogle and Joseph Heller had the answer.*** +> +>*All of this has gotten me to recall a story Mr. Bogle, the founder of Vanguard, used to begin one of his books.* +> +>*“At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel ‘Catch-22’ over its whole history.* +> +>*“Heller responds, ‘Yes, but I have something that he will never have … enough.’”* +> +>*Mr. Bogle used the punchline for the book’s title: “Enough”* +Remind me again how the rich keep getting richer? + +These people have more money than we can even conceive of. Probably more money than THEY can even conceive of. Normal folks being forced to hustle to keep a roof over our heads isn’t a flaw of the system; it’s built into it. + +Hold onto your GME with diamond fists, my fellow apes. Let’s tear this fucked up system to the ground. +# DD I'm challenging in this post + +In [this post](https://www.reddit.com/r/Superstonk/comments/vunb05/stock_splits_split_dividends_reduce_the_liquidity/), OP takes the stance that post split, the options in the new option chain become illiquid because they become non-standard, and that the old existing pre-split options can't be used as efficiently for kicking the can down the road by rolling existing options. + +One of the main thesis points the OP was making is based off this example from the article. + +>"The Depository Trust Company (DTC) determines how the shares will trade pre-event while the Options Clearing Corp. (OCC) decides how these changes will be reflected in the options. Each situation is unique and therefore non-standard. This makes them difficult to understand and therefore risky to most investors. In the above hypothetical, one contract was a standard options contract, the other non-standard. The standard contract represents 100 shares of the underlying, while the NS contract does not. As an example, when BAC took over Merill Lynch, the owner of 100 shares of Merill received 85 shares of BAC stock plus $13.71 in cash. NS contracts of BAC now would deliver 85 shares of BAC + the cash as opposed to the standard contracts which represented 100 shares. **The obvious rule is avoid all non-standard options.** Let me add another: if an option value seems too good to be true, it is. These contracts will also show odd strike prices and different root symbols." + +OP goes on to quote the bolded part above in his post. + +# What the article referenced is really about. + +The article quoted by OP talks about options chains that are created "as a result of a specific even such as a merger, acquisition, spin-off, extraordinary dividend or stock split". Which, at first glance, looks like we might be covered under GME's splitivend. + +If you dive deeper into the article or have good knowledge of option chains in general, you will know that illiquid option chain creation is only a factor when there is a merger (example: APHA and TLRY) or a funky split (3 for 2 stock split for NVIDIA or a 4 for 3 stock split like Home Depot). + +In all of the cases above, a new option chain is created for all existing contracts. In the example of a 3 for 2 stock split, a single contract (worth 100 shares), is now worth 150 shares at the new trading price. Since the majority of all options are traded in 100-share batches, this is now a non-standard option. + +If you were trading options for the Alpha/Tilray merger like I was, you would have seen this firsthand (Each APHA share got you .8381 of a TLRY share). For example, I had a APHA $20 call. They created a new TLRY option chain for old APHA options. There were now 2 options available at the $20 strike on the option chain, one worth 100 shares (standard option) and one worth 83.81 shares (the non-standard option). + +Below is a non standard option chain for Tesla just after Tesla acquired SolarCity. As you can see, there are 2 options for the $40 strike: One for 100 shares (standard) and one for 11 shares (non-standard). + +[40C for 11 and 100 shares of TSLA](https://preview.redd.it/171e75i9wyb91.png?width=681&format=png&auto=webp&s=44b9e1d25c85c661dfb2a7afb279c1f2235fe9f1) + +# So what does this mean for GME? + +In the case of Gamestop, we are doing a straight 4 for 1 split as far as the option chain is concerned. 1 contract of 100 shares at a $100 strike price now becomes 4 contracts at a $25 strike price. The new option chain converts any existing contracts into lots of 100 shares; running 2 separate option types (standard and non-standard) are not needed per strike. The entire option chain's stikes are divided by 4 and the owner is given 4 contracts for each 1 he/she/ape previously had. See excerpt from the OCC memo regarding the GME split: + +[This shows that all existing contracts are being multiplied by 4 and all strikes are divided by 4. No secondary option chain is being created, just alterations to the existing chain](https://preview.redd.it/48x52tviwyb91.png?width=1470&format=png&auto=webp&s=930a4a5102eaf62339741246bdb3ac823fd91f15) + +&#x200B; + +OP gives an example of (1) $65P that now becomes (4) $16.25P. While the strike price isn't a normal strike price, that doesn't make it a non-standard option (which have problems with liquidity). This is no different than a $150C that usually have more liquidity than a $149 or $151. + +# Conclusion + +The option chain is going to look funky, but for it will have the same liquidity post-split as pre-split. The math is easy and 2 separate option chains are not competing with each other. + +# Side notes + +I really want to thank OP for creating the post. He/she was doing research in good faith and came to a miscalculated conclusion. The pursuit of knowledge that this sub has put forth is amazing - even when the research doesn't pan out. + +I want there to be a mechanic that forces shorts to close, but at this time, I do not believe the new option chain will cause this to happen. + +# TLDR + +Non-standard options are options where the contract is LESS than 100 shares. This causes two separate option chains for the same strike (100 shares at X strike and oddlot shares at x strike). + +Having option strikes in $0.25 increments doesn't directly correlate to lack of liquidity. + +In the case of GME (or any other stock doing a 4:1, 2:1, 20:1 split), as long as there isn't a second option chain created, all options will be considered "standard". + +There's no reason to believe there will be any less liquidity than there currently is. + +There's currently a separate post on SS's front page linking to the post I'm referencing. I'm just trying to set the record straight on how non-standard options work. + +[https://www.reddit.com/r/Superstonk/comments/w09xql/uovercloak\_reminds\_us\_how\_gmes\_stock\_splits/](https://www.reddit.com/r/Superstonk/comments/w09xql/uovercloak_reminds_us_how_gmes_stock_splits/) + +# References: + +OCC Memo - [https://infomemo.theocc.com/infomemos?number=50708](https://infomemo.theocc.com/infomemos?number=50708) + +Non-Standard Options - [https://support.tastyworks.com/support/solutions/articles/43000435419-non-standard-ns-options](https://support.tastyworks.com/support/solutions/articles/43000435419-non-standard-ns-options) + +Link to post I'm challenging - [https://www.reddit.com/r/Superstonk/comments/vunb05/stock\_splits\_split\_dividends\_reduce\_the\_liquidity/](https://www.reddit.com/r/Superstonk/comments/vunb05/stock_splits_split_dividends_reduce_the_liquidity/) +Currently raising an almost month old newborn and ravaged by lack of sleep. It's a happy feeling to see our boy grow every day with all the hard work but my tired wife and I also can't help thinking there must be an easier way. + +What are some things (services, products, help...) you have used and found beneficial? + +Ad an example - I am currently using a night nurse 5 days a week to help with night feeding which has helped a lot for both my wife and my sanity. She is not cheap (>$6k) a month which is a really expensive luxury for us... It's a big hit to our fatFIRE goals but I feel this allows me to be more productive in my day job for now. +**Well…. According to all the DD and info I’ve been reading for the last 4 months (including all the DD and post made)** + +GME is gonna get into an inflection point soon (IMO as soon as all the DTCC and SEC “firewall” rules come in place. Yes I’m looking at your 801/002 !!) and the bubble is gonna burst (right now the margin call of the bubble must be around 300-450 according to how hard the try to stop the price going up in mid March around $350 and the bubble is lot bigger since). + +https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf + +This will cause to pretty much every other stock in the SP500 and the entire market to drop due to the liquidation of assets and portafolios of the shorts/HF (citadel and friends) that they have in other stocks and places. GME is disconnected from the market and the negative beta shows it, but the shorts big portfolios will impact other stocks and indexes. + +Once the clearing institution receive the signal they will start balancing the books and we will squeeze (you know how’s is gonna play). + +**We can see here the current levels are off the chart** + +https://www.reddit.com/r/Superstonk/comments/mq2iam/just_hold_on_tight/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf + +The effect on the stock and SP500 is gonna cause a ripple effect and cause another problems and this includes the bubble that there is (huge) in the 10 year treasury bonds (just as michael Burry predicted) that will collapse as well and will give shorts tons of money and drive the government illiquid. Don’t forget China owns about 6% of those bonds. + +**this is what Michael Burry has been warning us** + +https://www.reddit.com/r/GME/comments/mil875/michael_burry_handed_us_the_missing_piece_on_a/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +The money machine will go brrrrr to print GME money and to cushion the treasury bonds. That will cause too much money to be circulating around. + +**hyperinflation** + +This will cause inflation and hyperinflation, the usual cure to hyperinflation for banks is to limit and stop borrowing money around of all sorts to people by raising the interests heaps. + +Increasing interest rates will cause a lot of loans to default especially the ones with adjustable rates since people won’t be able to pay them anymore (interest too high). + +The whole economy including the entire world economy is gonna receive a big blow. Massive spread of wealth. Bubbles hurting everywhere. + +That is gonna last for a couple or few months until the government start collecting taxes (and start receiving taxes from other sources when apes start spending). + +**the calm after the storm** + +Apes will start spending and buying, returning the money to the banks and to the system, especially after they will use that money firstly to pay all the debts, a lot of those mortgages will be paid and that will relief a bit the bubble. + +Once the government claim the tax that’s almost 50% of apes money coming back to them plus all the money apes spend in houses, cars and basically giving money away around them. + +The economy inflation will decrease and things will be cheaper, the economy will be greatly stimulated and a new system will come in place, more regulation for this not to happen again (hope for a more transparent, blockchain, fair system live 24/7). + +The economy will be better than ever since the money is spread around and not sitting in some people big cushion banks (apes will make business, create technology, make the world a better place!!). + +**Cryptos will be the saving grace of currencies** + +Decentralized currencies like crypto’s will be the least affected in the market chaos and will fall at first (due to the liquidation of HFs and all the fuckery) but then will skyrocket after lots of apes will spend money in cryptos due to lose trust in the centralized market. + +**what to buy to fight inflation?** + +There will be more interest in buying land outright without banks involved, buying gold, art, assets, invest in strong currencies and cryptos (after they recover from this fall) to protect the money and other forms of currency due to the devaluation of the dollar. + +**conclusion** + +This is how I see the game playing for the future. I might make this a DD since I actually like what I wrote hahahah. + +This is no financial advice, just a regarded ape playing with his logical Crystal ball!! + +If you like what you read please give it a nice upvote or a nice award so more people can see this. Happy to reply to any comment like in my previous post. + +“We are not them” -snuffles (Rick and morty) let’s not become them! + +Please promise me apes that you will do you with your tendies, that together we will make this world a better place. + +My plan is to try and give away some money to people under the promise to spend 1 hour of everyday trying to make the world a better place, however they want. But under a promise to make one hour of everyday to the world. + +Much love for everyone! + +Please let me know if I’m using the wrong flair!! + +Edit: I’ll be adding all the supporting DD links as I’m collecting them, need more I gather all the DD I read for each bit and piece. + +Edit 2: few apes told me not invest in diamonds, it’s not a good option anymore because there is a company that manipulates the price of them and has the monopoly. Also they can be produced artificially almost to perfection now. + +Edit 3: clarifying the negative beta bit. +Guten Tag to this global band of Apes! 👋🦍 + +It is never boring to be a GME shareholder. Sometimes it seems like everything in the world is related to the GME short squeeze, or at least should be. Alas, not everything is. There are some people (perhaps some who are Apes themselves) who know this fact and manipulate it to their advantage. But, honestly, we also do it to ourselves. I'd like to take this opportunity to remind Apes to retain a clear perspective on what truly matters in the GME short squeeze, as placing too much hope in the barest MOASS threads is going to exhaust the resolve that some Apes are going to need to rely on between now and the MOASS. + +Please consider these key points: + + * GME is a great company, with fantastic leaders setting a strong course for the future of the company + * It is not necessarily in the best interest of GameStop as a company to trigger the MOASS as soon as possible + * GameStop leadership has not signalled any intention to issue a dividend, NFT or otherwise + * Supporting GameStop as a customer strengthens the company's position moving forward + * There are institutions who hold enormous short positions in GameStop that they entered into hoping to profit from GameStop's demise + * GameStop has leveraged the short squeeze to bolster its position greatly + * The short positions are costly to maintain, but far less costly than closing the short positions + * The only way that the institutional shorts can survive is if Apes lose hope or lose interest and sell + * FUD and a Hope/Disappointment loop are key tools that are used daily to deplete hope and interest + * Buying, holding, and DRSing shares at ComputerShare makes maintaining the short positions more difficult and costly to the short institutions + * When maintaining the short positions becomes too costly or impossible for an institution, they must close their short position, and it will likely trigger the MOASS + * This is an amazing community, and the support we give to each other helps in ways that we cannot know + +I am sure that many of you are well-aware of these points, but keeping perspective on these key tenets helps me decide where to place my hope and energies. I am a patient individual, but recognize that it can be *extremely* challenging to place so much hope and mental energy into one thing for so long, often feeling powerless to meaningfully impact the outcome. Do not worry - you are among Apes who will support you. The same Diamantenhände that HODLed GME through $40 will HODL you up when you need it most. The short institutions are losing support daily. They cannot sustain the way we can. + +Today is Thursday, October 14th, 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: **$181.73 / 157,18 €** *(volume: 1465)* +- 🟥 115 minutes in: $181.87 / 157,30 € *(volume: 1459)* +- 🟥 110 minutes in: $183.27 / 158,51 € *(volume: 1347)* +- ⬜ 105 minutes in: $183.32 / 158,55 € *(volume: 1241)* +- ⬜ 100 minutes in: $183.32 / 158,55 € *(volume: 1241)* +- 🟩 95 minutes in: $183.32 / 158,55 € *(volume: 1237)* +- 🟥 90 minutes in: $183.08 / 158,35 € *(volume: 1237)* +- 🟩 85 minutes in: $183.16 / 158,41 € *(volume: 1235)* +- 🟩 80 minutes in: $182.55 / 157,89 € *(volume: 1221)* +- 🟥 75 minutes in: $181.12 / 156,65 € *(volume: 1221)* +- 🟥 70 minutes in: $181.26 / 156,77 € *(volume: 1123)* +- 🟩 65 minutes in: $183.23 / 158,47 € *(volume: 739)* +- 🟥 60 minutes in: $183.16 / 158,41 € *(volume: 739)* +- 🟥 55 minutes in: $183.49 / 158,70 € *(volume: 619)* +- 🟥 50 minutes in: $183.81 / 158,97 € *(volume: 595)* +- 🟥 45 minutes in: $183.82 / 158,99 € *(volume: 592)* +- 🟩 40 minutes in: $185.06 / 160,06 € *(volume: 150)* +- 🟩 35 minutes in: $185.05 / 160,05 € *(volume: 150)* +- ⬜ 30 minutes in: $184.98 / 159,99 € *(volume: 150)* +- 🟩 25 minutes in: $184.98 / 159,99 € *(volume: 64)* +- 🟩 20 minutes in: $184.89 / 159,91 € *(volume: 63)* +- 🟩 15 minutes in: $184.86 / 159,89 € *(volume: 63)* +- ⬜ 10 minutes in: $184.73 / 159,78 € *(volume: 61)* +- 🟥 5 minutes in: $184.73 / 159,78 € *(volume: 50)* +- 🟩 0 minutes in: $184.88 / 159,90 € *(volume: 39)* +- 🟥 US close price: $184.06 / 159,19 € *($184.70 / 159,75 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1562. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Fed will start buying junk bonds at BB grade, while on 23rd of March it was BBB. + +Expect a massive stock market rally now, as we see the fed prop up the market even further. + +This will allow companies to rally like crazy. The big drop has been delayed I think till after the election with this move. + +We might test the lows again in the coming month but it won’t be a big crash. + +FED to the rescue + +https://www.cnn.com/2020/05/04/investing/fed-junk-bonds-etfs-debt/index.html +Well not buying more because Im looking at the current market , but definitely buying more once it looks better and Idk buying at 2000$ , just waiting for the right moment to go in , if it goes down im going for something else and will wait till I get a perfect opportunity . What do you think y’all +Do you actually have to have a state-registered LLC business conducting normal day-to-day operations (profits/losses) or is "LLC-shielded" buyer something different? + +And what are other ways you can have privacy of records when buying a home? Example, in Texas, you can use a person's first and last name and the county they live and find their exact address and how much the home is appraised for, etc. +There are a lot of new members coming due to the recent increase in the price of Dogecoin so I think this needs to be said again. YOU DO NOT own any Crypto Currency that you buy on Robinhood, you can not withdraw any cryptocurrency you buy on Robinhood, platforms like Robinhood defeat the whole purpose of cryptocurrency. + +Robinhood has shown in the past that it is willing to halt trading of securities and certain cryptocurrencies which has caused users to lose thousands of dollars. + +If you are new here I would recommend first reading up on cryptocurrency. Don't just jump in on fear of missing out. Make sure that you know what you are getting into first. + +After that you can start thinking about buying cryptocurrencies. You can purchase cryptocurrencies from several popular exchanges/platforms such as Binance, Kraken and Coinbase. You can then either choose to keep your coins on the exchange or the preferable option to create your own wallet and transfer your cryptos there. You should note that there will often be a transaction or a 'gas fee' when moving most crypto's off an exchange and into your wallet which depending on how much of a crypto you own might not make it worth it to move off an exchange. + +From there you should bet set, there tons of great past threads on this subreddit about crypto that will probably answer the majority of questions you have so always google them. +There are a lot of new members coming due to the recent increase in the price of Dogecoin so I think this needs to be said again. YOU DO NOT own any Crypto Currency that you buy on Robinhood, you can not withdraw any cryptocurrency you buy on Robinhood, platforms like Robinhood defeat the whole purpose of cryptocurrency. + +Robinhood has shown in the past that it is willing to halt trading of securities and certain cryptocurrencies which has caused users to lose thousands of dollars. + +If you are new here I would recommend first reading up on cryptocurrency. Don't just jump in on fear of missing out. Make sure that you know what you are getting into first. + +After that you can start thinking about buying cryptocurrencies. You can purchase cryptocurrencies from several popular exchanges/platforms such as Binance, Kraken and Coinbase. You can then either choose to keep your coins on the exchange or the preferable option to create your own wallet and transfer your cryptos there. You should note that there will often be a transaction or a 'gas fee' when moving most crypto's off an exchange and into your wallet which depending on how much of a crypto you own might not make it worth it to move off an exchange. + +From there you should bet set, there tons of great past threads on this subreddit about crypto that will probably answer the majority of questions you have so always google them. +the last 4 months I literally worked every single day, every day. the last 2 weeks i picked up a lot of extra overnights in my part time jobs. then i got a bunch of checks at once from my employers. + +for the first time, my account balance went over $3k! pretty excited... + +.... and then I paid rent and regular bills, got new jeans $30 and a new pair of sneakers for $20, $20 worth of market-rate toiletries and a small deposit into my 'leave this shithole town' account... + +I'm about to cry. + +Trying to remember the positive here, but id be a liar if i said I wasn't frustrated. +Ok, full speculation cause it’s Sunday and I’m making carne asada drinkin beers. Hear me out real quick… + +So if the news is spocking Credit Sus as going boom boom, and may be a distraction, then who in the fuck is the guy behind the curtain that’s about to die? + +CRedit Suisse manages nearly 756bn in assets… who the hell is in more trouble that they be distracting everyone from? I mean Credit Suisse is one of the biggest banks in the world. + +But I don’t know shit about fuck so… anyone? + +Edit: Changed CS to Credit Suisse +I am able to trade consistently profitable for a period of time and make good money. My problem is, I have not been setting hard stop losses. My entries are usually really good, but sometimes the market goes against me and as you can imagine, I occasionally get burned badly. + +For example, yesterday I bought puts when the SPY bounced to 421. I thought this would be resistance but as we know it kept squeezing. Instead of taking the loss I held all the way until 427, taking a 10% loss on account. + +Sometimes in other trades I have been down big, only to have the trade come back in my favor and go green. This is why I hate choking trades and haven’t been using a predetermined hard stop loss. + +How do you guys find a balance between having a hard stop and not choking the trade? Are stops that critical and do they always have to be abided by? Do you recommend mental or auto stop loss? Thanks. +I humbly bow before the expertise gathered in this sub - I'm constantly impressed by the wonderfully complex and interesting things people are doing and discussing. + +I am not a professional coder. I can't build ML algos and NNs and can't do high-level abstract math. I can hack together code and I do have a pretty good grasp on auction theory that I've used to trade a variety of instruments for some time now. I am a technologist by trade and I've been working on simple trading algos for the better part of the past year and decided to share the results of my latest project. On one hand, I hope to convince people with doubts about how hard or simple this can be that: + +1. Yes, you can find profitable opportunities without the need for great complexity --> my code is written in python, no storage backend is required (I process streaming API data live and make liberal use of dataframes) and it's relatively procedural; I even do some nice quality-of-life things like send messages to a private discord and send text messages to myself using Twilio so I don't have to camp-out in front of my code all day watching it run +2. Those opportunities can come from the readily available universe of data you already have (I only use OHLCV datasets) +3. That code can be run on commodity hardware (I have a surface pro that's 3 years old) + +But as one who is the very first to admit that I maybe have little "right" to be in this space, I also hope to hear from the veterans some critiques about any of the below. I'm sorry I don't have anything dazzling to show except some basic arithmetic and I hope that discussions about KPIs/metrics/meta-data people like me should pay attention to could certainly benefit many. + +\----------------------------------------------------------------------------------------------------------------------------------- + +So my algo watches for imbalances to develop in the auction and scores bullish and bearish aggression as they ebb and flow. My algo swing trades anticipated momentum plays as close as I can comfortably detect transition. I use 15m candles to prevent trading too much because I use TD's API and they already fairly warned me once about a prior bot that was doing something similar but to the tune of something like 1500 trades a day. I stop out trades aggressively if anything isn't going my way and my biggest losers are from overnight gapping activity and my bot doesn't trade AH/PM so I'm subjected to the limitation of RTH. + +My bot has been trading weekly hand-picked tickers live for the past few weeks and I've been pleased with the results. I decided that I should more formally backtest the bot if I intended to allocate more money to it. Like I said, I'm not a coder and never had any luck using existing backtesting framesworks like zipline but it dawned on me one evening that I just needed to get all of my decision-making-datapoints into a single dataframe and run my trade logic against it. I took the top 10 tickers across a few different sector ETFs over the past 180 days (as of last night), allowed the bot to trade a max of $1000 per position and these are the results: + +&#x200B; + +[quick pivot of results details and readily available metrics](https://preview.redd.it/z1d65t6zk8v61.png?width=1036&format=png&auto=webp&s=f4cc454f8730c07137d135b11e7a0d4e76c05b96) + +&#x200B; + +[Roughly in-inline with what I've been observing live, this was a relief](https://preview.redd.it/n2rwuoe2nyu61.png?width=1269&format=png&auto=webp&s=02250fdd23cf5a38f3e31268b4aca506119ce2cc) + +&#x200B; + +[Immediately noticed that my long entries were fairing better than my overall above](https://preview.redd.it/qwq4m4mdnyu61.png?width=1274&format=png&auto=webp&s=388ef89e1b1c435bccdd8141d3cfe0d91cd89662) + +&#x200B; + +[Yep, shorts are killing me and my logic here presumably needs some work](https://preview.redd.it/tx9izr5jnyu61.png?width=1282&format=png&auto=webp&s=b6c239eec7b8862d1d3c71df0ab76805d03fff22) + +I decided to start looking at/for some of the "meta data" that has been often suggested and these were some of the first avenues I ventured down: + +&#x200B; + +[Long positions look fine by sector](https://preview.redd.it/jogeokbtnyu61.png?width=1281&format=png&auto=webp&s=cc9f37146f40e03a111b660809993f6e7f93a766) + +&#x200B; + +[Short positions losing across all sectors so this probably isn't the first place I'll be looking to optimize my short code](https://preview.redd.it/opxkwejynyu61.png?width=1279&format=png&auto=webp&s=1cc47db4544d72a0521365ccd67df13b4f66e75b) + +&#x200B; + +[Not a whole lot to hang my hat on here either](https://preview.redd.it/g42q3u06oyu61.png?width=1282&format=png&auto=webp&s=8960f5f6201fa592d47ad144964c3a8ef6579c1b) + +&#x200B; + +[Now this looks interesting....](https://preview.redd.it/474rab3foyu61.png?width=1270&format=png&auto=webp&s=207f2584f1bc699e2a60f7dbe8fe93c23ab3fc25) + +So there isn't much I can do about that long blue-line in the long-trades chart...those are positions that are closed-out within 24 hours and I view that as a "cost of doing business"....there's just no such thing as a risk-free trade however I will look into additional filters to better qualify entries. BUT...the long blue line in the shorts-only chart clearly shows that the short imbalances in this tested basket of high-institutionally-owned tickers don't last long and I should consider time-based exits in my code if I want to trade them - short trades were profitable if I didn't get greedy and over-extend my stay! + +&#x200B; + +As a newbie, I found this write-up helpful in organizing some of my own thoughts. I've read almost every post in this sub about Sharpe vs Sortino vs \*whatever\* and am still looking for something akin to a matrix of such measures that helps sort out what to use and when. I also understand that many develop their own as part of their personal ecosystem of KPIs and maybe I just need to spend some time thinking more about my own. **But if you have ideas about how I, and others new to algo trading, can further pursue optimization without difficult math or hard-to-obtain-datasets, I would love to hear them!** + +Greatly appreciate this sub and appreciate you taking the time to read the ramblings of a lesser-algo-trader-slash-code-hacker :) + +&#x200B; + +======================================================================= + +EDIT: a HUGE thanks to [c5corvette](https://www.reddit.com/user/c5corvette/) and his intuition about the short results, i went back to question some starting assumptions and discovered that my logic for calculating profit for my shorts was a copy-and-paste from the longs-related code and therefore my results on the short-side are somewhat inverted. **Huge lesson here: when you decide to do something like roll your own backtester, scrutinize everything!** I'm now more pleased than ever with results as everything is now inline with expectations and the past few weeks of results. maybe one day i can even offer a subscription service for the alerts through discord but for now, i think i've got plenty to chew on with everyone's thoughtful comments. awesome community, thank you again +You might not be aware of the farcical currently going on with Ledger, their app and their firmware updates unless you're inside the community forums or have recently been using your hardware wallet. It's a total mess and causing many people severe anxiety. + +&#x200B; + +**Summary of events:** + +1. Ledger release firmware update. +2. Firmware breaks the Ledger Nano S. +3. Customers advised to install old version of desktop app in order to repair device. +4. Repair constitutes the anxiety inducing process of resetting and restoring from your seed. +5. Works for some, doesn't work for others who still have no access to device. +6. Ledger release update to desktop software to fix bad firmware and allow repair. +7. Worked for some, still not others. +8. Waited until now to do the firmware update? They say it's fixed so you have the all clear, right? Bad move - it's still breaking devices. + +Their old software+firmware broke my first nano, their new software+firmware has broken my second nano. My first could be repaired, my second remains bricked. + +So as of today, hundreds or thousands of people are still locked out of their devices with the best case scenario being that a software update will allow them to reset their devices from seed. + +&#x200B; + +**Conclusion:** + +This company's main value proposition is for the customer to completely trust them, right now and more importantly in the future once they return after hodling. Yes, you should have your seed to fallback on but no, you should not unnecessarily have these redundancies put to the test. My personal redundancy involved travelling to another location, all while being locked out of my funds. + +When I use a hardware wallet, I want to feel completely confident that I can leave it for years and know it's going to be ok. This type of amateurish lack of care reduces that confidence and makes me look elsewhere, most likely Trezor. +The last question during a grueling hours-long interview for a huge FinTech company was "Teach me something." I thought for a second and said "Have you heard of the infinite leverage glitch on Robinhood?" The interviewer had not, so I explained how the glitch worked. Then I said "The knowledge of this glitch will spread and in a few days it will be all over the news." My interviewer was skeptical to say the least. As you all know, a couple days later I was proved right. I got the call with the offer yesterday. + +Thank you CTN and all you other ~~retards~~ really nice people <3 +Over the last two weeks I’ve interacted with over 400 investors directly. It was a mix of educational chats, creating a videos, and discussing strategy/trades. Something I’ve noticed is that many traders don’t seem to understand what they’re trading for, what success looks like, and it’s no surprise that folks are having a hard time creating a plan to get there. + +Investing is similar to any other life goal. We need to understand what success looks like (extremely individualized) then work our way back. How do we measure it? What’s the timeline? Is it challenging yet achievable? What’s the plan to make it happen? + +If you haven’t taken the time to truly define what you want to achieve with your investing career, you’ll likely wander aimlessly drifting between profitability. I know we joke about it but “doubling my account”, “living off dividends”, “beating the market”, “being rich”, or “buying a car I’ve always wanted” are all superficial and add little context for you to model your trading plan after. + +If you’re unsure how to develop a goal, reach out to the community. That’s what we’re here for. To support one another’s development. + +Trade on! +-Erik +I only trade a handful of stocks/etfs at a time. I like a little diversification but don't like too much diversification. + +I sell mostly puts but do have some covered calls too. This week has seen a good amount of my puts go in the money simultaneously. So since I was within 21 DTE with most of those newly ITM puts, and therefore at greater risk of early assignment, I got pretty aggressive with rolling out. + +I went a little further out in time than I normally go which is 45 DTE. I also rolled most of them down to lower strikes too. I got aggressive in that I went down as low as I could go for a credit while also going beyond my usual 45 DTE. In a couple of instances I went out to 79 DTE which is 2/18/2022. + +I know standing your ground can be rewarding should price revert and by rolling out I could be lowering my yield, but I didn't like the velocity of which everything went against me and almost all of my puts going ITM at the same time. + +The covered calls picked up some of the slack otherwise my balance would be lower. As a result of the untested calls falling far out of the money I also rolled those down to collect a little extra premium. + +For now the holes in the ship's hull all seem to be plugged so just going to sit back and let theta do it's thing again. Godspeed fellow Thetagangers. +A frequent refrain here is that buy and hold is better than most option strategies. I think that people have short memories. The long term average is for the market is 9% and a lot of hot stocks have dived when a better competitor has come along. The market has had periods of over a decade between peaks (In Australia we only reached the 2008 peak again in 2019 which of course dived again in 2020). I'm happy to give up a couple of percent in a bull market, if I can outperform flat and bear markets. + +Unless if you are a better stock picker than almost every active fund manager ever, you will at best better the long term average by a couple of percent. + +A study done in Australia in 2012 found that a simple CC strategy on the top 30 stocks underperformed a bull market by 1.86%. Outperformed a bear market by 13.61% and a flat market by 3.77%. I wonder how much better other options strategies would do, + +&#x200B; + +[http://www.asx.com.au/documents/professionals/Buy\_Write\_Encyclopaedia\_August\_2012.pdf](http://www.asx.com.au/documents/professionals/Buy_Write_Encyclopaedia_August_2012.pdf) +Revolut just started charging a whopping 1,5% top up fee for credit cards issued in Switzerland. Any good alternatives? + +I should also mention that I strictly use it for paying in foreign currency on holidays. + + +Edit: some clarifications. +I have noticed something very very strange. + +The numbers reported in the "Account Statement" and "Transaction" tab do not much and do not make sense. I bought 1 share of MSFT to illustrate this. + +My fiat is **EUR**. + +My **"Transaction" tab** looks like this: + +[https://ibb.co/vLwqQjH](https://ibb.co/vLwqQjH) + +Here, we have a strange problem. + +\-> The exchange rate is wrong because 283.26 / 1.1138 = 254.31 euros and not 254.93 as reported. + +I contacted the support and they told me that this is fine because I need to take into account the auto Fx fee (0.25%). So, I re-estimate it as (283.26 / 1.1138) \* 1.0025 = 254.93 this is equal to the reported value. Great (for now). + +The **conclusion** at this stage: in the "Transaction" tab the value **254.93** (keep this value in mind for later) **includes the auto FX fee**. + +\----- + +Now let's look at the **"Account Statement"** **tab** that records all the in/outflows. + +[https://ibb.co/WGYtBC8](https://ibb.co/WGYtBC8) + +Here the exchange rate seems to match the converted value because 283.26 / 1.1083 = **255.58**. And in theory, this should include the autoFX fee as well. + +Now the problem is that this value does not match the one in the "Transaction" tab which is **254.93.** + +The only way to get this the same value is to add **AGAIN** the **auto FX** to the value reported in "Transaction" tab i.e. **254.93** (value from transaction tab with autofx already integrated) **\* 1.0025 = 255.56,** which is \~ **255.58** (value reported in Account statement). + +So, it seems that the AutoFx fee has been charged twice! What I am missing here??? + +&#x200B; + +**EDIT (25.02.2022, 23:48):** + +No solution yet. **Is anyone else noticing the same thing?** +For a while now, since the end of 2019, I have been investing with an All Seasons Portfolio strategy with UCITS ETFs. It fits me well as I am perhaps not risk averse, but rather risk conscious, and seek to manage my finances in a way that I am not overly exposed to the cycles in the different parts of financial markets and in investor psychology. + +The strategy has worked as expected so far, with annual returns around 7%, and I share my experiences on a blog on this topic. + +That brings me to what I want to share today, as I have just finished writing an article which compares the historical returns of such a risk parity portfolio as the All Seasons Portfolio against that of S&P 500 since 1927. + +As a recap and a background for those not familiar with the All Seasons Portfolio, it is a strategy that is based on the notion that the economy is fundamentally only driven by a matrix of four forces: higher/lower than expected economic growth and high/lower inflation, and that you build a risk balanced portfolio of assets that flourish in each of these "seasons" and weigh the assets based on their relative volatility. The usual assets are stocks, long-term treasury bonds, TIPS, commodities and gold, with the below allocation: + +- Stocks: 30% +- Long-Term Government Bonds: 40% +- TIPS: 15% +- Commodities: 7.5% +- Gold: 7.5% + +Many investors, especially those allocating all their capital to the stock market with the assumption that "stocks are the best investment over time", have been difficult for me to discuss with, as most use the last decade as proof that stocks are a superior asset class. + +To me, that is a clear case of recency bias, as the Season we have been in has heavily favoured stocks (moderate inflation and decent economic growth), paired with central Bank stimulus. + +While this has been true since 2009 - average annual return of the S&P 500 has been about 13% - my view is that there are no guarantees that this performance will continue. As described by Howard Marks in "Mastering the Market Cycle" and Daniel Kahneman in "Thinking Fast and Slow", performance usually revert toward their mean, or move further toward the other side of the pendulum. + +Recognising that we may not be able to predict how the stock market will perform between 2020-2029, i.e., if it will continue to muster above-average returns, I embarked on a quest to compare a risk-balanced portfolio that is diversified between asset classes and the S&P 500 over a longer period of time, and not only the last decade. + +I compared data of annual average excess return over cash (risk-free rate) and made two interesting observations: + +1) between 1927 and 2014 (my available data), the risk balanced portfolio had worse average excess return than stocks (4.4% vs. 7.5%), BUT +2) during times of higher inflation (which remains a possibility for the coming years), i.e. in 1970s and the last commodity boom 2000-2014, the risk balanced portfolio performed better than the S&P 500, and +3) throughout the examined period (1927-2014), the risk-adjusted excess return of the risk balanced was superior to that of the stock market, with lower standard deviation, and higher Sharpe ratio. + +You can read more about the comparison on the following page: + +[https://allseasonsportfolio.eu/portfolio-update-june-2021-a-study-of-risk-parity-portfolios-against-sp-500-since-1927/](https://allseasonsportfolio.eu/portfolio-update-june-2021-a-study-of-risk-parity-portfolios-against-sp-500-since-1927/) + +The take-aways I want to convey here though, is that: + +1) be careful with recency bias, as stocks may not reward you with the same return in the coming as they have recently +2) change your perspective to become an "investor in financial markets" rather than an "investor on the stock market" to further broaden your understanding of the economy and diversifying your risk between asset classes. +3) you cannot predict what the markets will throw at you, but you can your portfolio against any eventuality + +I hope you found this brief text interesting and useful. Thanks for your attention. +Hi Eupersonalfinance, + +I recently listened to a youtube video with a guy giving his general investment advice, and one thing stuck with me. The message was basically "You already are 'long' in Euro/Europe with most of your life; You earn your salary, you live, you have your family etc. in Euro/EU. So if you want to 'diversify your investments', focus on investing (passively or actively) in other continents. + +I've been thinking quite a bit about this. **Would it make sense to only/mostly invest in index funds that are not covering underlying EU assets, since most of us are so heavily invested in EU already (with the rest of our lives)?** + +Looking forward to hear your thoughts. Let me know if my question was unclear. +Hi all, + +I just wanted to confirm that what I'm reading in their terms is correct. + +Basically, if I buy some item now which costs £1200, I can make no payments for 9 months, and by the 9th month, if I pay it off in full which is £1200, that's all I pay. Unless I go over the 9th month period then I will be paying the 24%APR, which will be around £1800. So basically they are giving 0% credit for 9 months? + +Thank you! +25M. A relative has offered me a job in the mines earning around 95k per year and after 12 months increasing to 135k. 12 hour days, 7 days on 7 days off. Drive in Drive out. + +But for some reason I’m not overly keen to take it? + + +My current financial situation isn’t the greatest. +5k savings, 10k super, 50k Student loan (nz). 15k personal loan (debt consolidation). My goal in life? Own a house in the outskirts of a city. Raise some kids with my partner. Travel. Just normal stuff. + +I currently work in warehousing, in Brisbane earning 65k. Normal 9 - 5 gig. Easy stuff. + +But honestly I’m trying to see the pros and cons. The biggest pro being taking home a extra 600ish per week. Cons, working/relocating in the middle of nowhere. With that, rarely seeing family due to cost of travel. Demanding Job in a hazardous environment. + +Share your experiences please or offer advice. Or downvote lol. + +Edit: I appreciate everyone’s responses positive or negative they all help with perspective. Probably 2 major details I missed out is 1. You don’t get to stay in camp so after your 12hrs you drive home. And drive back to the mine site. 2. You have to relocate to the small mining town. 9 hours out of Brisbane. +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. +So I own a condo in Florida that I’m currently renting out and I’m a bit concerned that the HOA continues to vote to not fully fund the reserves. Many of the residents in the building are older so they are happy to vote to not fully fund the reserves so they can pay lower monthly HOA payments. Fully funding the reserves would increase HOA payments by 900%, so Im not exactly jumping at voting yes for that either. The building is also 50 years old, but they’re on track to set aside appropriate funding for a new roof and recently redid the whole pool area which would have been a big cost had they not properly planned for it. I should mention the condo is located on the bay near the ocean. + +Im worried with the age and location of the building that anything could go wrong at any moment and I’m going to be stuck with a huge assessment that would result in me losing money on the rental and making it nearly impossible to sell with a huge HOA/assessment payment. With the Florida real estate market being hot and favoring sellers, I’m wondering if now is the time to sell? I can walk away with at least $80k in profit. +I see a lot of people cashing out. That is GREAT! Then people are asking them about the tax they paid. And one guy who made the front page, yet already spent his proffits, said "I don't know, I have to figure that out". + +Please don't skip on taxes. Please do your research. Understand the difference between short term and long term capital gains. Short term gains tax can be VERY high. If you spend all your profit on a house or a car and then are hit with a massive tax bill, you could find yourself in serious financial trouble. + +This is old but still the best and most comprehensive tax info I have found. + +https://www.reddit.com/r/Bitcoin/comments/1uccfz/i_am_a_tax_attorney_here_are_my_answers_to_the/ +I've seen a few posts on here where people are asking for free historical options data, but not much discussion regarding purchasing data from a reputable dealer. + +Based on my naive research, the main players in this space appear to be CBOE with their Datashop, Algoseek and IVolatility. + +I am not looking for **super** detailed data. 5 to 15 minute time slices of trade data, with daily open interest, for full options chains on a few underlyings. + +I have two main questions: + +1.) Does anyone have any experience with these vendors and/or recommendations for other data sources? + +2.) Is there any significant difference in the data that will be received from these vendors, or is it all coming from the same faucet? + +Many thanks for any help or guidance. + +Happy Trading! +What Is Robo Inu Finance (RBIF)? + + +Robo Inu Finance is a community-owned cryptocurrency inspired by NASA. + +Robo Inu Finance endeavors to create an open-source ecosystem which allows everyone to gain financial freedom. Recent market studies have shown that blockchain technology is bringing innovation by replacing any third-party or broker interference. However, the existence of intermediaries cannot be ignored. Thus, Robo Inu Finance is building a platform that seeks to ensure fairness and provide a reliable environment for digital asset transactions. To achieve this, Robo Inu Finance has integrated a smart contract into its protocol. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. + +In addition, the platform also seeks to facilitate cross-border transactions by leveraging blockchain technology, meaning that the users can convert their crypto assets into traditional currency and send it to their friends and family residing anywhere in the world. Further, the inspiration behind creating Robo Inu Finance is the famous NASA story of launching Robo dogs to Mars. + +Moreover, the Robo Inu Finance ecosystem seeks to revolve around the following features: + +RoboWallet: This wallet aims to allow the network users to store all currencies, RBIF tokens (the native currency of Robo Inu Finance), and other crypto assets. + +Robolaunchpad: This launchpad is an incubator for all potential projects with real use cases. The launchpad seeks to make sure that the Robo Inu Finance ecosystem stays safe from scam projects. + +RoboNFT Marketplace: The platform has integrated a market-leading digital asset exchange that seeks to organize daily auctions for NFT (non-fungible token) products with RoboWallet. RoboWallet is capable of holding the NFT collectibles. + +The official token for Robo Inu Finance is RBIF, and it is an ERC-20 token. The platform utilizes a small tax fee for every RBIF transaction in order to continuously support the Robo Inu Finance ecosystem +The streaming industry is getting a lot of exposure lately with all the news from Disney+ and HBO max. Looking for a pure play in the streaming service I came across CuriosityStream. Basically the platform offers documentaries about science, history, politics, etc... and they have over 3000+ titles in the platform. The founder is John Hendricks, founder and former chairman of Discovery. + +After digging a little bit I was surprised to see that despite having 13M subscribers total revenue for Q3 was only $8.9M, giving an ARPU of only $0.15 which seems ridiculous for the amount of value you are getting. It seems like a good amount of the subscriber base comes from bundled packages at a heavy discount. They are looking for exposure while growing at all costs. Here are some key point: + +&#x200B; + +* The company has no debt and $180M cash in the balance sheet. +* **The company went from 2M bundled subscriptions in Q1 2019 to 13M in Q3 2020** +* Over 60% gross margin +* They project 10x growth by 2025 with $400M in revenues + +Giving the uncertainty of the current market environment it seems pretty safe to buy something that sells $1 a month subscriptions and is disrupting an industry, targeting a more sophisticated customers instead of the average becky who likes stranger things. The last time John Hendricks created something (Discovery) he turned a $5M investment into a $32B company before stepping down and creating CuriosityStream. + +I would like to hear your thoughts on the comment section and discuss if in fact CuriosityStream is already fairly valued, undervalued or maybe overvalued. + +&#x200B; + +***Side note:*** John Hendricks has been buying shares this month increasing his position by 21%. +Thanks for reading this, I really need some advice. I come from a middle class family. My dad is a power engineer. The power industry in my country has taken a severe hit due to power surplus and govt regulations. My dads company just went bankrupt. No other firms are hiring. He has been jobless for 3 months. + + + + +I'm a college freshman studying electrical engineering. I live in an Asian country where parents pay for college and kids don't work until they graduate. Seeing the situation now, I need to start making money. I worked as a marketing & graphic design intern at two start-ups last summer. I also have two years of experience working on robotics/random electronics projects using Arduino/Raspberry Pi's. + + + +I need to somehow make enough in order to stay in college and complete my education. I have no clue how I can make money with no special skills. Can you guys please give me some advice on how to get through this? + + + + +(I tried freelance graphic design on sites like freelance.com/Fiverr/etc but I couldn't get anything. In my marketing internship, I prepared a lot of advertisements. I also handled social media pages. A lot of copywriting was involved as well. I doubt I'm good enough to freelance) +Throwaway account. + +Long time Vanguard customer. Have about 14MM with them. Generally unhappy with their website problems and brownouts/inability to purchase/sell ETFs lately (especially this am). It worries me that a firm that cannot scale or deal with basic availability problems has access to most of my savings, which I may not be able to get if I need them. What if they are not good at security either and are using a crappy tech shop as opposed to hiring good people. It seems scary to me that Reddit has better availability than Vanguard. + +I have a smaller amount with Fidelity (1MM ish) in employer retirement accounts. I do not use a wealth advisor. I like having control over my money from behind a web browser. + +Selling Vanguard ETFs and moving to Fidelity is probably not an option since I have a few MM in unrealized LT capital gains. + +**Question: Do folks here tend to diversify accross brokerage accounts. If so, what are some options where I can move Vanguard ETFs to without having to sell and realize gains. IBKR? Is Schwab an option?** + +I am not particularly interested in margin, but maybe take on a tiny amount if I needed some short term cash. + +I am thinking keep 5MM in Vanguard, 5MM with firm #2, rest with firm #3. + +Or start small with IBKR with income that comes in from work and grow over time. + +Relevance to FF: + +I understand that there are other subreddits where this is discussed, however, most of those opinions are of the form: + +IBKR charges $10/month (which I don't care about). + +So and so is for day traders, just use Vanguard or Fidelity (which may be the right answer, however, folks here tend to be a bit more sophisticated). + +I also realize that most firms have incentives (like zero fees, lower expense ratios, better tools) available to accounts with 1M+, which non FF isn't prepared to discuss. + +Please no questions about what type of work I do, how do I make money, etc. It is just a boring corporate job. Thank you. +Source: https://twitter.com/AmichaiStein1/status/808407221616918528 + +and Trump's tweet: https://twitter.com/realDonaldTrump/status/808301935728230404 + +Does anyone here have access to the kind of data that could prove or disprove that someone sold a significant amount of shares before Trump's tweet? +Off the back of a post earlier today ([this one](https://www.reddit.com/r/AusFinance/comments/qu1lof/whats_some_of_your_most_stupid_financial/?utm_medium=android_app&utm_source=share)) about people's stupidest financial decisions a lot of people talked about getting degrees they either weren't using or chose when they were too young. + +It got me thinking, how many people finish high school, go straight to uni and end up in the same field 10, 15, 20 years later? + +Does it happen? If so, what did you study and how has your career been? Do you love your work or does it pay the bills? + +I'm 10 years into my career. A career that I chose during high school and studied for. I love my job and earn six figures. I see myself doing it for the next 10 years at least. Really curious about how other people's school to work journeys went. +Having a bit of a whinge here and keen to hear any positive experiences with PHI providers. $1600 policy paid back marginally 0.12c in every dollar in a recent claim and struggling to discern the value in having the policy. +Guten Tag to this global band of Apes! 👋🦍 + +Apes, there is something truly exciting going on with GME, and while I have no idea *what* it is, my tits are getting more and more jacked each day. There has been a huge new push by Apes to DRS their shares, reigniting the movement to lock the float outside the control of the DTCC. DRS is the way - there is no mechanism to ensure the MOASS that is more powerful than HODLing the entire float in ComputerShare, ensuring that not a single share can be lent, not a single share can be shorted, and ensuring that any non-DRSed shares are 100% known to be phantoms. + +Apes can do it - I know we can, and we'll know when we do. Fidelity, while previously a reliable and fast partner in DRSing shares, appears to be slowing the pace. The recent aggressive attacks on the price of GME don't seem to have a good explanation either, other than that the institutional shorts are very concerned about *something*, and are trying to drive the price down preemtpively. + +They may not remember, but they are up against Apes with Diamantenhände, who have HODLed their shares through far worse will buy the dips *every time*. We like this stock, and offering temporary discounts will not shake our resolve. + +Today is Thursday, December 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: **$184.01 / 162,64 €** *(volume: 2341)* +- 🟩 115 minutes in: $183.34 / 162,05 € *(volume: 1961)* +- ⬜ 110 minutes in: $183.27 / 161,99 € *(volume: 1951)* +- 🟩 105 minutes in: $183.27 / 161,99 € *(volume: 1949)* +- 🟥 100 minutes in: $183.07 / 161,81 € *(volume: 1946)* +- 🟥 95 minutes in: $183.26 / 161,98 € *(volume: 1883)* +- 🟥 90 minutes in: $183.60 / 162,28 € *(volume: 1825)* +- 🟩 85 minutes in: $183.61 / 162,29 € *(volume: 1798)* +- 🟩 80 minutes in: $183.47 / 162,16 € *(volume: 1791)* +- 🟥 75 minutes in: $183.22 / 161,94 € *(volume: 1758)* +- 🟥 70 minutes in: $183.47 / 162,16 € *(volume: 1739)* +- 🟥 65 minutes in: $183.87 / 162,51 € *(volume: 1703)* +- 🟥 60 minutes in: $183.94 / 162,57 € *(volume: 1678)* +- 🟩 55 minutes in: $184.04 / 162,66 € *(volume: 1487)* +- 🟩 50 minutes in: $183.95 / 162,59 € *(volume: 1387)* +- 🟥 45 minutes in: $183.87 / 162,51 € *(volume: 1045)* +- 🟩 40 minutes in: $183.89 / 162,54 € *(volume: 1041)* +- 🟩 35 minutes in: $183.71 / 162,38 € *(volume: 1023)* +- 🟥 30 minutes in: $183.68 / 162,35 € *(volume: 1007)* +- 🟩 25 minutes in: $183.89 / 162,54 € *(volume: 867)* +- 🟥 20 minutes in: $183.39 / 162,09 € *(volume: 665)* +- 🟥 15 minutes in: $183.46 / 162,15 € *(volume: 556)* +- ⬜ 10 minutes in: $183.58 / 162,26 € *(volume: 519)* +- 🟥 5 minutes in: $183.58 / 162,26 € *(volume: 504)* +- 🟩 0 minutes in: $184.19 / 162,80 € *(volume: 284)* +- 🟥 US close price: $179.84 / 158,95 € *($182.50 / 161,30 € 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 1.1314. 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! +You might think an emergency won't happen, I have just experienced what is becoming a more common recent emergency - cancelled flights. + +Whilst the airline will either partially or fully refund (airline dependent) you still need to pay out first before you can claim. + +I have just had to pay an extra £310 (plus late fees for airport parking) for a 1 day delay. + +Please take at least a credit card on holiday for this emergency reason. +https://www.cnbc.com/2022/02/07/frontier-and-spirit-to-merge-creating-5th-largest-airline-in-us.html + +Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S. have agreed to merge in a deal valued at $6.6 billion, creating what would become the fifth-largest airline in the country. + +The merger gives Denver-based Frontier Airlines a 51.5% controlling stake in the combined airline. Spirit investors will receive 1.9126 shares of Frontier plus $2.13 in cash for each share they own, giving Spirit shareholders an implied value of $25.83 per share, which is a 19% premium over the value of Spirit shares at the end of last week, the companies said. + +“This transaction is centered around creating an aggressive ultra-low fare competitor to serve our guests even better, expand career opportunities for our team members and increase competitive pressure, resulting in more consumer-friendly fares for the flying public,” Ted Christie, president and CEO of Miramar, Fla.-based Spirit, said in a statement announcing the deal. + +The boards of both companies approved the deal over the weekend. + +Frontier Chairman Bill Franke will chair the combined company, which he said “will create America’s most competitive ultra-low fare airline for the benefit of consumers.” + +The companies didn’t announce the new name of the combined carrier, the CEO or location of the airline’s headquarters. Those questions will be answered by a committee led by Franke after the transaction closes, which is expected in the second half of the year, pending regulatory and shareholder approval. + +For Franke, the deal is the latest in a career of making investments in and overseeing low-fare airlines around the world, including Spirit. From 2006 through 2013, Indigo Partners held a stake in Spirit with Franke serving as chair of the airline before he resigned when Indigo sold its position in the carrier. Shortly after that move, Indigo bought Frontier Airlines from Republic Airways for $145 million + +Since that acquisition, Denver-based Frontier has steadily expanded its route network with new destinations and additional flights, often targeting cities where larger airlines like Southwest have a strong presence. In almost every case, Frontier enters with low fares to gain a foothold with price-conscious travelers. + +Spirit has also been aggressively expanding in the last decade and plans to continue that strategy once combined with Frontier. + +In 2013, Spirit and Frontier had 2.8% of the revenue passenger miles flown by U.S. airlines, according to the Department of Transportation. By 2019, their combined market share had almost doubled to 5.4% while the four largest airlines in the U.S., American Airlines, Delta, United and Southwest, controlled 73.9% of revenue passenger miles + +With both carriers flying only Airbus planes and neither dominating one particular market, a Spirit/Frontier merger makes sense on paper. Still, the Biden administration has made it clear to corporate America it will scrutinize potential mergers far more aggressively than the Trump administration. + +In premarket trading Monday, Spirit shares jumped about 11% and Frontier Group stock fell about 3%. +# 🌯 ETH2 vs EIP-1559 + +You have probably heard of "some upcoming change that will fix gas fees". So to be clear, there are a few upcoming changes that will do this: + +1. ETH2 (far away) +2. "That EIP thing" (sooner) + +# 🌯 Our Best Bet at Lower Fees This Year + +"That EIP thing" (EIP-1559) is not designed just to reduce fees, but it should help smooth fees out and reduce them some. **And this change is coming this year!** So that means we should get lower fees this year. + +# 🌯 How Will This Lower Fees? + +So right now when Bob sends Alice some ETH Bob's wallet has to figure out how much gas to use. It basically just guesses. Different wallets have different techniques for how to do this. Many of them *over guess* how much gas to use. If Bob uses too much gas to send ETH to Alice, then YOU have to use too much gas too because you're competing with Bob to get your change on the network. Everyone is thus guessing how much gas to use and having to guess high because we're all competing with each other. Very bad! + +EIP-1559 will make it so you no longer have to guess how much gas to use. The previous blocks on the blockchain will tell your wallet how much gas to use. This will: + +1. avoid you having your wallet's guess for how much gas to use be too high (thus wasting your precious ETH) +2. avoid having your wallet intentionally have to guess too HIGH during periods of congestion and thus you're now both guessing and intentionally guessing high with respect to how much gas to use -- bad! +3. Sometimes your wallet can guess too low and your transaction sits forever until you either cancel it (this costs ETH) or up the gas fee (also costs ETH). So you save here too. + +More Info: + +https://www.gemini.com/cryptopedia/ethereum-improvement-proposal-ETH-gas-fee + +https://supporteip1559.org + +# 🌯 TLDR + +An upcoming change to ETH will make it so that you're no longer competing with other users to guess how much gas to spend on your transactions. Instead, the network will just tell your wallet how much gas to spend, which is more efficient and less competitive and thus you get cheaper gas fees. +Hello UKPersonalFinance! + +I wanted to get a feel of when you guys decide that a car is uneconomical to repair. + +I have had my 2007 reg car for a year now, I bought her as my first car for £500. So far, in the last year she has cost me c.£600 in repairs (welding, new shock absorbers, new master and slave clutch cylinders). There were a couple of advisories on her MOT too, the most expensive probably being the exhaust corrosion. + +She is a beauty to drive, cheap to run as she's only a 1litre engine, and very cheap to maintain for your standard maintenance (tyres being £30 each, for example). So I am reluctant to bin her off for a new model. In my eyes she can't really depreciate more than £500, which is minimal depreciation compared to a new reg. But obviously she is going to need more frequent work, at unexpected points and some of which will be big costly parts... + +So I just wanted to send some feelers out and see how you all decide when a car is no longer worth putting money into, and you trade in for a newer model? + +Thanks! +https://hoge.finance/ + +Doge-style memecoin but defi focused with a fair launch (no presale bullshit). + +These things can go 10-100x like Shib did within a day. + +No refunds. Use your own discretion. Not financial advice. +Good Morning Apes! + +Another day of downside looks like it may be in the cards as the continue to internalize buy volume. While volatility is continue to pick with very little buy pressure coming through to the lit exchange we are still experiencing declining price action. + +There is a small gap from March down between 116-118, I'm not a big fan of gap fills but I would look to that range to possibly find some support. We have not historically spent much time trading at these prices and so have very little data to show support and resistance. + +As of last night call volume was continuing to pick up and based on this from u/Turdfurg23 someone bought a 735k share block the morning of the 7th. + +https://preview.redd.it/frrck5tjsnb81.png?width=1202&format=png&auto=webp&s=6a744543b915b88dad178de3159c0acb595ecb89 + +This is the largest GME block order in a very long time, and shows long institutional interest coming in. I think institutions buying this dip is bullish especially when factoring in the large call positions being opened. + +There is also some speculation that this could be GME using some of the funds they have from their original share buyback agreement since the values are closely aligned. But without a statement from the company which wouldn't be due till the Q4 10Q it remains speculative. + +[ ](https://preview.redd.it/a00pi29vsnb81.png?width=1144&format=png&auto=webp&s=0886a2b9559780be6c8af3ae57cf072377f920b4) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +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... + +# After Market + +Clawed our way back up to 116 at close and AH is looking a little spicy right now massive money being tossed around by the bears and bulls on todays options chain with $9m in puts that appear bought and $3m in Deep ITM calls bought If the numbers were more lined up I would say it was married put/call positions but the OI just indicates a struggle between different positions. Thank you guys for tuning in, amazing job sticking out the week. Remember the price is fake and they cannot do this shit forever. See you next week and for you Euro-apes remember market is closed Monday. + +\- Gherkinit + +https://preview.redd.it/uzsfp0ulxpb81.png?width=692&format=png&auto=webp&s=48667b46551c405e05abb7958987fa106310b5fb + +Edit 4 1:38 + +Stabilized after the market slipped. GME now cheap as fuck. + +https://preview.redd.it/1k0ul7897pb81.png?width=1567&format=png&auto=webp&s=5da00d7b18f34bf25c5cf4a9049ceb8a307aff51 + +Edit 3 12:22 + +IBKR rate now at 1.0% they are starting to hit the SEC lending pool. Just another indicator that pressure is mounting. Found a channel on the one minute sideways below VWAP for now. + +https://preview.redd.it/lu9urbwrtob81.png?width=1575&format=png&auto=webp&s=3e2c09a35464a616cd44ef304217b8f2b9f8f593 + +Edit 2 11:09 + +Failed to sustain the break of 120 but a massive chunk of ITM Feb 18 puts rolled in it's hard to tell if these are bullish or bearish. Based on price action after the order I guess bearish. + +https://preview.redd.it/wgsi1spogob81.png?width=439&format=png&auto=webp&s=240857e0d312aff165d5ba2c777fcc1d152ffde3 + +https://preview.redd.it/v9fns1m0hob81.png?width=1577&format=png&auto=webp&s=3e70b84da6914e84cb93de9d60800c9cae151e35 + +Edit 1 10:10 + +Just opening the day with some consolidation looks like that gap at 116 was a good call. Also anyone questioning their ability to sustain the short position forever it looks like it's beginning to cost a lot more money to suppress the price. Remember the SEC statement about the missive number of puts last January... + +https://preview.redd.it/f7ehmax86ob81.png?width=829&format=png&auto=webp&s=efb9cccef9bd6e3272567eb0102c1b65ecb3d826 + +https://preview.redd.it/bg8o1xjg6ob81.png?width=1572&format=png&auto=webp&s=a56b94977d0e177980bfdec248624367de4e244f + +# Pre-Market Analysis + +Down a couple more dollars and trading at 119 currently, with BBBY running yesterday time is running out on the whole basket, but they will probably try to delay running GameStop till the last possible moment. + +Volume: 34.45k + +Max Pain: 130 + +Shares to Borrow: + +IBKR - 35,000 @ 0.8% + +Fidelity - This seems significant Fidelity borrow rate is up for the first time in a long time + +https://preview.redd.it/7mqo9jrlunb81.png?width=537&format=png&auto=webp&s=50a33dffde5cb9380d79daa79faa507b507e717b + +[GME pre-market 1m](https://preview.redd.it/iqueguilvnb81.png?width=1564&format=png&auto=webp&s=86c02a5dae28a8d1fd092ee1cd7e39010da2e5eb) + +CV\_VWAP + +https://preview.redd.it/kxw22x98wnb81.png?width=2443&format=png&auto=webp&s=899e17070abd2bdb5dbfe404b8d87a0735b49d4a + +TTM Squeeze + +[volatility is picking up as this continues to fire](https://preview.redd.it/3337xtmbwnb81.png?width=2445&format=png&auto=webp&s=6218141664b7e07a8a4710d507625e4f612317fa) + +MM FTDs + +&#x200B; + +[Net short and fairly high volume](https://preview.redd.it/sk8ctqugwnb81.png?width=390&format=png&auto=webp&s=7bbddb4b8c5f4c83110032f76424e96a23858ae8) + +DIX + +https://preview.redd.it/8cn8nxawwnb81.png?width=2537&format=png&auto=webp&s=0593b94983c97e36ab6c3c54cd304224ae2ff21d + +**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.* +Specifically what do you feel is the most important thing you’ve learned in terms of analysis that has helped cultivate your trading/strategy? + +Edit: Thank you for all the responses! I really appreciate it! +Specifically what do you feel is the most important thing you’ve learned in terms of analysis that has helped cultivate your trading/strategy? + +Edit: Thank you for all the responses! I really appreciate it! +**Ripple's market cap is likely overstated by \*\*\*$6.1 Billion\*\*\* \[Messari Research\]** + +[https://messari.io/article/messari-research-ripple-s-market-cap-is-likely-overstated-by-6-1-billion](https://messari.io/article/messari-research-ripple-s-market-cap-is-likely-overstated-by-6-1-billion) + +**EDIT**-- this POLL was originally posted also in light that OnChainFX adjusted the marketcap on their site. They have since changed it back. +**EDIT2** -- Seems OnChainFX has re-adjusted XRP +[View Poll](https://www.reddit.com/poll/am48l9) +[https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf](https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf) + +It is dry and boring. TLDR: Tariffs are bad. Few positive effects are eclipsed by the negative effects. +Me and my brother are shopping around for our first rental property to buy. I'm researching LLC's and articles are telling me that basically LLC's are only good for asset protection. I'm seeing on some forums that getting a loan for an LLC will have a higher interest rate and a minimum of 20% down. + +We want to set ourselves up for success but unsure if we should form an LLC or just both sign for a mortgage 50/50. Anybody here have any experience like this that they could share? +Who knows where the market is going in this weird time of covid. Being in such an expensive city, the rent can build a good amount of equity still. We will be renting for sometime in a new location. + +Not rent control in a good area. + +Update: thank you all for your helpful and funny comments as well. Love this community. +Like if they slip and fall or something to that effect. Landlord insurance would mitigate the risk, as would making an llc. But it is an unpleasant risk nonetheless. +Learn that phrase. It’s so simple yet it will save you so much money. I had a contractor give me a $375 bid today. It was a little higher than expected but I was willing to pay it. I used this phrase and the next thing he said was “what number did you have in mind?” I replied “I was hoping to get a little closer to $300.” He told me he would take a look at it and see what he could do. + +He came and looked at the job I needed done and lo and behold his bid was at $300. This one little phrase will save you thousands over the span of your career. You just have to be willing to use it. + +Side note: Another phrase I use regularly when asking for a bid is “Go easy on me. I’m on a shoe string budget!” +President Bukele just announced that he is implementing a national wallet in September called “chivo” (means cool in Salvadoran slang) + +The government is giving 30 usd to anyone that creates an account, by law you will have to accept BTC as a company... but the wallet let’s you convert the BTC to usd immediately. + +He mentioned there will be two types of wallets... one for the people and one for companies. + +Apparently the wallet also is compatible with other Bitcoin wallets... + +You will be able to pay taxes with BTC... except you won’t need to pay taxes for the BTC you hold. + +Foreigners who come to invest in crypto in El Salvador will be granted permanent residency and will not have to pay taxes for the crypto they invest in. + +source:- https://www.reddit.com/r/CryptoCurrency/comments/o7fd3t/a_salvadoran_update_on_btc/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Good morning, + +Trading over the past few weeks has been strange. We've seen stocks made huge moves and then almost instantly fade when something new comes along. It's hard to pin-point an exact reason for this, but it is why I will be waiting for pull-backs rather than just jumping on these stocks with huge moves and no obvious catalyst. Here is my list for today: + +1. **$SAVA (Cassava Sciences) -** We saw big moves last week with SAVA, following their Alzheimer's treatment. It's gapped up again pre-market and given it's moves last week combined with the lack of decent setups this morning, I'll be keeping an eye on this. +2. **$SNPR (Tortoise Acquisition)** \- Merger with Volta, not expecting anything crazy here. +3. **$OCGN (Ocugen)** \- Just secured $23m raise in capital from direct offering. Probably my favourite of these three at the time of writing. + +Nothing overly promising at the moment, as is the case with a lot of Mondays. I'll be watching for momentum at the open unless any of the above excite me more. + +As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless. + +Have a good week. + +\-Rep +This toy drive event is extremely positive and a VERY dope idea. But hyping it up privy to today was unnecessary. You know how many times we've been hyped for things and let down to an extent. The way you hyped up this 0930 announcement, on the 5th of November, knowing this is already a highly anticipated date was kind of disappointing if I'm being honest. + +As a January ape, I've been "disappointed" enough times to where it's all good. I know where we're going so I'm not all upset and feeling betrayed. But the pre-announcement and hyping this as some "mystery suprise" and "just wait and see, it's going to be something huge and unexpected" was just too much. + +Even when someone asked for the timezone, IIRC asking whether it was "PST, EST, or MOASS" for the response from ~~jsmar~~ justind123 to be "MOASS" now seems kind of NFTcon type hype. + +I give you the benefit of the doubt and believe this was an honest, innocent mistake. But I do ask, don't pull bullshit like this anymore. Just be transparent and say what you're going to do or just announce it when you do it. + +Talk is cheap. It takes money to buy whiskey. + +Last note: I really do appreciate you guys for keeping this community together and fighting off shills on the daily. So this isn't a "fuck the mods" post. This is a constructive feedback post from a loving family member who happens to like the same stock as you. + +Edit: I find it necessary to add this from the compelling amount of "did you expect the mods to announce the MOASS" comments. No. I know better than that. But this sub has achieved some incredible things without any suspenseful cliffhangers prior to. The point of this post is that there is no need to create hype prior to the achievement being made. Let's just do what we've been doing and DO. + +IEX, DRS, and shop at my favorite company is highly encouraged but not financial advice. + +Edit 2: The donation post is pinned now instead of the DRS post. I'm sure there will be a "it's pinned temporarily" post incoming. But that brings me back to the point. If it was going to be pinned regardless, there was no point of the pre-announcement to the announcement. + +Guy and gal apes. Once again, this is not an angry post. I'm simply addressing how it's counterintuitive to post about an incoming post. The fact that there's a split of opinions on this shows how non-beneficial it was to do that. +I've noticed a couple of posts from people on here who appear to have been put onto furlough, but threatened with redundancy should they not continue working. + +&#x200B; + +Well yesterday the Guardian published a piece on precisely this topic - just know that you most certainly are not alone: [https://www.theguardian.com/politics/2020/may/13/nearly-800-reports-of-people-defrauding-uk-furlough-scheme](https://www.theguardian.com/politics/2020/may/13/nearly-800-reports-of-people-defrauding-uk-furlough-scheme) + +&#x200B; + +It should be made abundandly clear to you by your employer that if you are furloughed, you are not to do ANYTHING related to work. This is a hugely important point, as if they have furloughed you AND you're still working, your company is committing fraud and could very well be cooking the books by declaring to HMRC they're paying you more than what you actually earn - so they can get more financial help from the government. + +&#x200B; + +If you find yourself in this position be brave, you should contact HMRC by simply completing this form (it takes about 5-10 minutes to complete): [https://www.tax.service.gov.uk/shortforms/form/TEH\_IRF](https://www.tax.service.gov.uk/shortforms/form/TEH_IRF) + +&#x200B; + +DO NOT LET YOUR EMPLOYERS TAKE ADVANTAGE OF THIS SITUATION! + +The country is going to be paying this off for decades to come. + +EDIT: I'm amazed by the level of responses in this thread. Just to add, if you are concerned that your furlough agreement was that you would not be doing any work, but are now in breach of that, gather as much evidence as possible in writing, and join a union. That way should shit really hit the fan, you have an organisation that will help you massively, and represent you should you need legal advice or assistance in getting counsel. +I have a ton of great friends and generally get along well with people that I work with in school. However, I consider myself to be slightly awkward in a social sense and don't have a great amount of confidence in my social skills and ability to make new friends. I have a slight speech impediment/difficulty articulating and this doesn't helps me too much while interviewing for jobs. + +I chose a finance major after my sophomore year because my university's Business School is considered to be one of the most competitive and prestigious schools within the university, and I was otherwise undecided in a major. To me, the major seemed 'cool' and when I thought finance I imagined a quant just crunching numbers in order to pick stocks. I now realize that business jobs (even finance positions that I thought would be mainly quantitative) are hugely about personality and communication skills. If I could go back, I would choose computer science or engineering. + +I'm currently a senior and the fall job hunt was unsuccessful. I applied to easily 50+ positions and had about 15 interviews (only one second-rounder). At the time of those interviews my GPA was just below a 3.7 and for the spring semester I will be interviewing with just below a 3.6. + +I didn't apply to the Business School until the end of my sophomore year and received my acceptance later shortly before starting my junior year. Due in part to this, I don't have any stand-out business experience. I worked as a temp in the accounting department of an engineering firm after my junior year. This was a pretty basic role and I utilized zero of the concepts or knowledge that I learned in my accounting and finance courses. During this school year, I am working as a paid project manager for a student org. I work with communities to organize our events and manage our event budgets. I'm very thankful to have this role because it gives me actual professional experience in managing individuals and I have a lot of freedom to run things how I see fit. However, the position necessitates lots of phone calls and such. Unfortunately for me as a finance major, that's not something that I feel totally at home doing. At the same time, I see this role as a great way to tackle some of my aforementioned weaknesses with speech difficulty and socializing. + +I'm here looking for advice on how to position myself in terms of finding a good first job and planning my longer-term career goals. Suggestions for specific roles would be appreciated. Are there any individuals out there who had a similar experience with their choice in degree? How did you navigate yourself to a position that suited you? I'm hoping that there is a place for me in the financial industry and that I didn't totally waste my time getting this degree. +While Jim Cramer is in San Francisco this week, he has heard about all of the snazzy start-up companies with disruptive technologies that could possibly take over the world one day. But what about a company that is already conquering the globe? + +Netflix is the video streaming colossus that not only allows for TV shows and movies to be streamed, but also creates its own original programming. It reported a fantastic quarter in July, with confirmation that it added 3.3 million new subscribers. It is also expanding its international footprint substantially, and Cramer thinks it could even take over the whole world by the end of the year next year if it wanted to. + +The rest of the article can be read here: http://www.cnbc.com/2015/09/18/netflix-ceo-all-tv-will-be-internet-in-10-20-yrs.html +This is for all the xx, xxx, and xxxx apes out there. Like you, I’ve been adding for months and thought about how much money I actually want in life (its not much). + +When we get hype weeks like this, I run numbers in my head and visualize the chart going bonkers and my heart racing and beating like a kick drum out of my chest. I planned to sell all but about 100 shares at a reasonable # and then ride off into the sunset. + +Then I realized that is just what they want. They don’t want x apes to get their phone book number. They don’t want x apes to have anything. They need x apes to manipulate and control with their weakening grip. + +Not anymore. I’m tired of this corrupt world and want change. Only you can change your world. Only I can change mine. + +So I decided I’m only selling 6 shares (1 per immediate family member) and holding the rest in my ComputerShare infinity pool. + +Now, even if the MOASS starts tomorrow, I won’t have to think about selling those 6 shares until weeks from now… when the price finally gets to the TENS OF MILLIONS. I can relax knowing the number will get there. + +Think like an x ape. + +We own the float. + +BUY, HOLD, DRS +The other cars insurance (Farmers) said they accept responsibility but not much else, and have left my car in paid city street parking, leaking oil, both axles snapped in half. It's only a matter of time until parking tickets and a $600 tow to impound occurs. I've missed days of work and have to get rides to work from friends. I only have liability insurance (AAA), so when I called my insurance they said they couldn't help whatsoever. + +I feel like Farmers is ignoring me as a bullying tactic before lowballing some settlement, hoping I'm exhausted. I don't know what to do. +I'm looking for some advice. + +Basically, I ordered a couple of sofas from DFS five months ago and was given an expected delivery time of 12 weeks. Since then they have changed the expected date several times, always the day before it was due. The balance has been paid in full. + +I don't really want to cancel, mainly because DFS had a sale on at the time and I know other sofa manufacturers would have a long lead time as well. I'm just pissed off at them changing the due date so many times. + +If I phone them and say give me a confirmed date or I will cancel, will they laugh at me? +Even if you're a "buy the dip" kind of guy, I wonder how much more upward mobility there could be? + +I've been on the bullish side through most of this, but it feels like we'll be hitting our ceiling soon of this stellar index growth. + +June 3,2019 the S&P was at 2744 +I'm done doing options. I've lost quite a bit of money even though I've made some good plays and even more bad plays. I'm 24, just joined this subreddit and looking to start over with growing my portfolio slow and steady. I have about $1k to invest in dividend stocks and I'm eyeing $SCHD $T $SCHY $SDIV and on the fence about $QYLD after reading that it's not typically a growth stock. + +I want to put in $100-200 in every month and another $1k every year. + +What stocks should I put my money in? Should I diversify? Was thinking of putting it all in $SCHD and $T. Should I invest in REITs too? Any advice on growth, strategy, etc. would be EXTREMELY helpful! I understand it's a slow process, but I can't wait to reach the goal of living off passive income! Thank you! + +EDIT: Buying 6x $SCHD, 5x $JEPI, 6x SCHY, 2x QYLD +I hope you all enjoyed that great discussion / debate, for those who did not watch it I strongly urge you to replay the "THE MOST SECURE AND RELIABLE COMMERCIAL NETWORKS IN THE WORLD" that occurred today at Consensus 2018 from 4:40 PM - 5:00 PM EST. + +Joseph used sound logic, patience and respect to clearly overcome his opposition. In my opinion, Jimmy should be ashamed of himself for being so closed minded and attacking to literally every thing aside from Bitcoin. We all know there are problems in this space but it was truly shameful to watch. + +Cheers to the bet that Joe made. Which is for "any amount of Bitcoin". I am sure he will drain Jimmy for all he is willing to wager. + +https://www.coindesk.com/events/consensus-2018/live/ +- Grand Ballroom +- 1:10 hour mark + +*EDIT: For all you crying "wah wah wah, don't call it bitcoin core". Please stop crying. Jimmy is a Bitcoin Core developer. That's a fact* + +Much love! + + +Hey guys and girls, + +&#x200B; + +I was just wondering if anyone on here could make solid cases for investing in Ethereum for me and explain you're reasoning and how you see Ethereum performing over the next 4-5 years? + +&#x200B; + +I am impressed with how large the Ethereum community is and the amount of projects launched on Ethereum that are in the Top 100 on CoinMarketCap is impressive. + +&#x200B; + +I was a latecomer (Late 2017) into cryptocurrency and the two projects that have stood out to me are BCH and XMR however I haven't done a lot of research into smart contract platforms and I was wondering if you guys could outline arguments for Ethereum for an investment purpose. + +&#x200B; + +A few questions in particular I have are: + +1. Do you see Ethereum competing as a currency down the line against Bitcoin/Bitcoin Cash/Litecoin/Monero/Dash etc? +2. As Ethereum's maximum supply is really uknown, I have heard figures between 100 - 140 million how does that translate into evaluating a price for 1 Ethereum down the line. +3. Are any of you guys on here Ethereum maximalists for want of a better term and all in on Ethereum as opposed to Bitcoin. +4. Do you think investing in Ethereum is a better proposition than evaluating a handful of projects on the platform and investing in them alone? E.g. OMG, MKR etc. + +&#x200B; + +One project that really does interest me is MakerDAO, I think that is one of the true revolutionary projects in the space at this moment in time. + +&#x200B; + +Looking forward to your replies :) +**Edit:** To preface, this opinion was not posted to solidify any fact or prediction for the future of the Australian Economy, just another point to spark conversation and debate (which it certainly has). It should be noted that his focus is primarily in the Microeconomics of the choices made in households. + +So I emailed my Professor from University who runs the econometrics course, about his thoughts on the speculated RBA cash rate cuts and how they will influence the housing market. You can see my original email [here](https://imgur.com/a/yTY13jD). + +This was his response: + +"Hi (again) , + +Yes I remember you.  You should almost know most of these answer from your degree + +Yes the lower interest rates will +1. encourage businesses to undertake more business investment as the cost of borrowing has declined and more project will now have a ROR greater than the opportunity cost of capital (the interest rate) + +* **encourage households with mortgages to spend more as their required mortgage repayments go down – this is a large part of the population**. + +* encourage self-funded retirees to spend less as their interest income has declined - this is only a very small part of the population. + +* encourage foreign investors to pull their money out of Australia, reducing the demand for $A, lowering the $A, which will improves exports, but make imports more expensive. + +**Effect on Housing** + +* Increase the amount that borrowers can borrow or reduce the size of their repayments => a slight increase the demand for purchasing housing => slight upward pressure on prices + +* Decrease the cost of borrowing/opportunity cost of capital for investors/builders => increase the supply of housing => pressure on prices to lower. + +* But given house prices are expected to fall I don’t see the housing supply increasing much. + +* **The main thing that determines when people buy a house is not the interest rate**, but the **timing of secure employment, marriage and kids**. So I do not believe cutting the interest rate will boost the demand for housing much at all. It might make some people borrow more, but it won’t turn many renters into borrowers. + +* In addition a falling or rising house prices prior to a purchase don’t really effect households that only intend to own one home. So falls (or rises) in house prices don’t effect residential demand (only investor demand) + + +But the RBA is not cutting the interest rate to rescue Melbourne and Sydney house prices! (Well I bloody hope they aren’t as it is against their charter ) + +The RBA is cutting interest rate to help get Australia’s economy moving again. The cut should help the Australian economy get out this incomes recession we have been in for the last few years. + +The RBA will be hoping that it does not encourage too much additional household borrowing, but does encourage more business investment and household consumption (which is very sluggish and the main reason for our zero real per capita growth) + +So no I don’t think the RBA is being reckless by cutting interest rates, it would be reckless of them to not to cut interest rates and let Australia slip further in recession. What has been reckless of the RBA is that inflation has been well below its target range for almost 2 years and it has not cut interest rates until now! If it has cut them, a year ago, we may have avoided this income recession. + +**Do you think that Australia is heading towards a housing bubble collapse** ? (Just to be clear, I asked him this in my previous email) + +I think prices in Sydney, Melbourne, Perth and Brisbane will continue to fall, probably about another 20% over the next year or two and then flatten out. + +I would call it a correction rather than a collapse. + +**Remember that so long as people keep their jobs, people that own only one house, should not care about house prices as they are irrelevant** (ignoring the property in people’s super accounts) + +The RBA cutting interest rates should stimulate the economy enough to allow people to keep their jobs and so avoid a housing collapse. + +Regards," + + +[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) | [💡 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) |[📈 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) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%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) | [📰 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) | [🏆 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) | [🚨 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` 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!* +With Covid hampering international travel, I ended up traveling to Hawaii 3x in 2021. The total cost of hotels came out to 50k. This made me think about buying a 2-3 bedroom vacation condo in Kaanapali in the 2-3M range. My plan is to visit there 1-2x a year with family/friends during holidays, and let a company manage/rent it out the rest of the year. Has anyone else considered doing something similar? Paying/financing the condo is not an issue, and I’m not looking at this as an extra source of income, but I don’t want it to be a money sink. I’m not stuck on Kaanapali, but I’m would like to stay close to the ocean. Let me know if I’m better off staying at Airbnb/hotel. +I started trading around 2004 and went full time end of 2015. Mostly futures looking at volume profiles and order flow. Made ends meet but could never really make big bucks. Also, never managed to automate enough the approach hence too many emotions into the game. But mostly, tired of not having a salary not fully depending on my motivation, tired of having "floating income", tired of working alone. Moving back to a corporate life. + +Failure? Probably yes, but I wouldn't be happy if I wouldn't have tried it. I learned to know myself, how of a wimp and greedy bastard I am but also how much energy can I put into this. I shouted, I jumped for joy, I cried until progressively emotions went down, although not enough. + +I took a step back once I realized it was becoming more an addiction rather than a job and that the quality of my life and the work life balance itself was going downhill. I don't exclude coming back to a part time trading, but for the moment I miss having a boss, having colleagues, having a fixed salary :) + +Good luck everyone +Quick update today, + +Another insane trading day with the halt in the morning. Just want to give a quick update on the state of the option chain as of the end of day today. As usual, I am evaluating the call chain by looking at the delta on the chain, which is an indication of how much a market maker has to buy and sell of the underlying shares to stay price neutral. Much of this delta hedging is what is moving the price, and is why we are seeing such insane amount of volume traded each day. The options are running the show (insert always have been astronaut meme here). Anyway, to the data. + +First I want to show the total amount of call and put delta on the chain over time. + +&#x200B; + +[Number of shares due to options delta on both calls and puts open on the market](https://preview.redd.it/vgi67xfm0fq81.png?width=1144&format=png&auto=webp&s=8ed2e06083d1b6d5372f52f5f39430eae796642a) + +As you can see, the beginning of the run is marked by a massive jump in call options, with a subsequent drop in put options (call options have positive delta, put options have negative delta). Although the price jumped around quite a lot today, it looks like for the most part the call side delta is holding strong, meaning either most options remained open or options holders rolled to higher strikes to reload. Put delta increased slightly, but most of these puts were not in the money, indicating its likely just longs hedging their long bets to the downside. We haven't had this much call delta on the chain since last May/June. The state of the options chain remains STRONG. + +Now turning to another indicator I like to use for GME, the relative delta strength, which is simply a normalized average delta for the entire chain. 1 means all calls in the money. -1 means all puts in the money. 0 is equally balanced. Values above 0.6 historically have been VERY BULLISH for GME. + +&#x200B; + +[calculation for Relative Delta Strength \(RDS\)](https://preview.redd.it/e4e2dfoz2fq81.png?width=613&format=png&auto=webp&s=bb1fa60905a81ba7244db1536c169626f3ea1e44) + +Yesterday we were at 0.85 which was the highest it's been since the may/june 2021 run up. Today we dropped a little to 0.75, which taken with the data above, is likely due to slightly higher strike calls being bought and some out of the money puts being purchased. Still expecting a wild ride. + +[Relative delta strength and GME price over time](https://preview.redd.it/dsj42hdf1fq81.png?width=1404&format=png&auto=webp&s=0d67664de1f0fcd479ba36d85d4652da56bb8606) + +Finally, the same data presented in a slightly different way, where RDS is plotted against GME price for each day over the whole GME saga. These slight retractions tend to happen even in our most bullish runs. Tomorrow is literally a coin flip at this point. If the call side continues to push and add more delta to the chain, this could send the price well above 200. If the call side sells out and drops delta off the chain, we can expect to head down, potentially quite violently. Note that I did not include any orders that may have hit during the halt today, as those didn't show up on the order book in Think or Swim (which is where I'm currently pulling my options data). + +&#x200B; + +[RDS vs. Daily High Price for GME](https://preview.redd.it/3lr9rvhg3fq81.png?width=840&format=png&auto=webp&s=0212462828ece077233ddb3651bd69d0642ef676) + +To be clear, as there is always some confusion: You can lose a shit load of money if you yolo into options, especially now that we are so volatile. This is not financial advice, I am not a financial advisor, and I am not your financial advisor. I am simply providing what I believe to be the market mechanics behind the price action we are seeing now. + +Stay safe out there, the seas are chopping! +The company I've invested 8 years in, in an effort to understand the market, did the following: + +1) told me they were going to interview people for my job, but it's not a real job, they are just trying to "understand the market" and hope to learn by interviewing people who are applying for it. + +2) placed an add on our career website advertising the (my) position + +3) announced to the rest of the management team they were doing 1 and 2, but told them not to worry, they aren't really looking for my replacement + +4) announced to the rest of my division in a meeting today, that they did 1, 2 and 3. + +Needless to say, i find it offensive that they are doing this. First, I think it's wrong to interview people for a job that doesn't exist, in the hopes they divulge information about their current employer's best practices. + +Two, it undermines me with my subordinates and co-workers that they are interviewing for my position, regardless of the intent. + +Three, inside and outside of my organization, I've had people asking me if I'm leaving and I don't really know what to tell them. + +I find this embarrassing, dishonest and offensive. But before I fly off the handle, I would love some feedback from you folks to try and decide what course of action I should take. I did inform my manager that I'm offended by this, especially after he decided to announce it to the rest of my division in a meeting today. He called me and left a voice mail offering to discuss it further, but I told him I had plans tonight and would rather discuss it in person tomorrow. + +Any advice/thoughts you're willing to share would be appreciated. In 20+ years in this industry, I've never head of a company employing this tactic. + + +**Update 1/25/2018** -- i've taken a few days off work; the ad for my position has been taken down today. + +Edit continued -- I have a phone call with my boss's boss tomorrow. The narrative is now that my manager misinterpreted the direction and that's not what they intended to do. + +There may be some confusion about the "market data" they are trying to glean by interviewing people for my position. Think of it this way: my company sells fried chicken, and they want to interview people who work at KFC in the hopes of finding out the secret 11 herbs and spices. + +Hi, my name's Ellie Broughton (elliebroughton at gmail) and I'm a UK journalist looking to write a sensitive feature on the impact of the cost of living on young women aged 20-35 in the UK. + +**I'm looking for an anonymous case study to talk about concerns about rent, savings, spending and budgets which will run alongside practical advice about how and when to seek a pay rise, and what happens when your budget has no more 'give'.** + +I've worked with sensitive and anonymous case studies for over 10 years. If you'd be open but you'd like to know more, I can answer any questions you might have on how we might work together by email. I'll be pitching to publications I've written for before such as Refinery29 and the i paper. +It’s in a savings account that I’m pretending doesn’t even exist. However, I have some debt. But I’m doing well paying more than the minimum. I also have a car that could use some work. So, am I doing the right thing by leaving it alone? Or, should I pay off the debt and/or fix the car? (The car is safe to drive, but could use some new tires and general maintenance.) +My wife and I (+2 kids under 2 years old) are reviewing and updating the budget for 2023 and as you do, you assign a number for groceries. We've been doing $600 per month and plan on increasing it to $700 per month. Is this a reasonable amount? or is it too much? or too little? How much do you budget for groceries? + +Edit: eating out would be considered a separate budget for us (200 per month) +I can see a link that may indicate that GameStop do plan to release an NFT marketplace on Loopring. + +I stumbled across the ENS domain **gamestop.loopring.eth** + +https://preview.redd.it/9f6bok5l5vk71.png?width=823&format=png&auto=webp&s=f44dc35953e5f028d9c87fcc8822dc76669e0d41 + +The controller of this domain is the contract **0x269635DF1C17f24e15E27786f0C28C3DD409B3D2** + +[0x269635df1c17f24e15e27786f0c28c3dd409b3d2 (etherscan.io)](https://etherscan.io/address/0x269635df1c17f24e15e27786f0c28c3dd409b3d2) + +The only transaction sent to this smart contract wallet is from [**0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10**](https://etherscan.io/address/0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10) **(Owned by Matt Finestone, Head of Blockchain at Gamestop)** on 27th May 2021. (Well after he moved from Loopring to GameStop) + +https://preview.redd.it/ezk4cnjg7vk71.png?width=1256&format=png&auto=webp&s=34bc5398d3c3ae854290b6dc0b494fddde7c5c02 + +To verify that this is GameStops Head of Blockchain we can see that this ETH address owns the domain Finestone.eth also. (This has been verified on the sub multiple times) + +[0x381636d0e4...'s account | OpenSea](https://opensea.io/0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10) + +Loopring today upgraded the protocol to version 3.6.2.Bringing new functionality - NFT minting, trading, and transfers, + +Source: [https://twitter.com/loopringorg/status/1432316108896415747](https://twitter.com/loopringorg/status/1432316108896415747) + +Loopring’s CEO said the following at EDCON21 just two days ago: + +*“Some people ask me a question whether Loopring will launch our own marketplace. The answer is no. We don’t have a plan to launch our own NFT marketplace, but* ***we are working with a premium owner to make sure they can launch their marketplace successfully and very soon***\*, probably in Q4 and with a lot of other stuff.”\* + +Source: [https://medium.com/loopring-protocol/counterfactual-wallet-nfts-on-loopring-229d38a3c28a](https://medium.com/loopring-protocol/counterfactual-wallet-nfts-on-loopring-229d38a3c28a) + +I will leave you with loopring's tweet from yesterday. + +https://preview.redd.it/6co2lqspavk71.png?width=596&format=png&auto=webp&s=77752bf9eda92921d3cadd946124c99dc7257ced + +Man I'm Jacked. + +&#x200B; + +\-- EDIT-- + +There are a couple of people saying that we have no proof Matt is actually Head of Blockchain at GameStop. I have replied in the comments but I want to include it here too. + +We do know the following: + +[https://nft.gamestop.com](https://nft.gamestop.com/) published the GME NFT controller contract. + +[https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +From there we can see that one GameStop NFT was minted and assigned to [https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad) + +0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad is a Gnosis Safe multisig wallet. + +We can see the owners of the multisig wallet below + +[https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#readProxyContract](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#readProxyContract) + +0x61a80d1792340c2a03e739202980e69467459a8b is one of the owners. + +[https://etherscan.io/address/0x61a80d1792340c2a03e739202980e69467459a8b](https://etherscan.io/address/0x61a80d1792340c2a03e739202980e69467459a8b) + +From here we can see transactions TO and FROM 0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10 (Matt Finestone) + +[https://etherscan.io/address/0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10](https://etherscan.io/address/0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10) + +Obviously enough, nothing can stop Matt Finestone sending ETH to one of the multisig wallet owners. But for one of the owners to send ETH to him? I'm not sure why they would if he was a scammer. + +Here's the transaction from one of the owners to Matt. + +[https://etherscan.io/tx/0x4c20546d84219e47cd4b7215e887ce6828be11b01086f6671b4088a3837ff6ad](https://etherscan.io/tx/0x4c20546d84219e47cd4b7215e887ce6828be11b01086f6671b4088a3837ff6ad) + +That transaction happened on the following date: + +96 days 15 hrs ago (May-27-2021 10:38:49 PM +UTC) + +which is literally 10 minutes before the transaction from Matts wallet to the Loopring contract. + +[https://etherscan.io/tx/0x60a10f5eb107f3d6db85646ff773b44b004db35637c080c9c9c6cb31e64833bd](https://etherscan.io/tx/0x60a10f5eb107f3d6db85646ff773b44b004db35637c080c9c9c6cb31e64833bd) + +96 days 15 hrs ago (May-27-2021 10:49:03 PM +UTC) + +Its not confirmation from GameStop themselves but it is a strong indicator that he's legit. +I really haven't heard a convincing argument for the for-profit health insurance model. Obviously, a program that attempts to achieve parity between premiums and payment would be the one that most efficiently provides coverage. But by definition, for-profit health insurers are motivated to increase the disparity between premiums and payment. -That's how they profit. + +If you consider the analogy of a for-profit fire department, one that attempts to minimize the fires they put out, the model is absurd. + +I have heard many arguments why public health care is bad. In fact, that's most of what I hear from the opposition to health care reform. What I really want to hear however, is why is the private insurance model good? Even assuming competition to drive costs down, as long as a profit is being made, my coverage is not as efficient as it could be if it weren't for profit. + +EDIT: [This is one of the most comprehensive studies I've seen.](http://assets.opencrs.com/rpts/RL34175_20070917.pdf) It's a PDF. The most striking thing to me is pg 35, -the comparison of health care administrative costs between countries. + +EDIT2: Good discussion on the whole. Thanks to those who are providing supporting evidence and keeping it civil. IMO it's the common ground that's not only most productive, but the most interesting thing. +- There was a discussion on our future, because the Foundation only has a couple of Bitcoins left. They've been running on a skeleton crew for the last half year, but even that money has ran out. +- Someone (not me) started a vote on shutting down the Foundation. During the vote, I said that I'm not comfortable continuing the Foundation without a plan and direction. Jim and me have been asking for a plan and direction for many months. The voting result was 2 for (Jim and myself), 3 against. We were one vote short to shut it down. +- Jim resigned after this vote +- We then had a discussion about the future of the Foundation. They wanted everyone to start raising money, so they could come up with a plan. I said I'm not comfortable to raise money UNTIL we have a plan. +- They then proceeded to vote me off the board, because they did not like that (I guess it's bad intent on my behalf to ask to come up with a business plan before you decide to raise money). + +I would like to thank everyone for their support, especially those who voted for me. I ran on a platform to bring transparency. I think I kept my promise. During my tenure, board minutes and financials have been consistently released. I know I was a thorn in the eye of the Foundation since the beginning, and they waited for the right time to remove me. The truth is that the Foundation is pretty much dead. They will try to keep it going just for the name and ego, but they have no support left with the community. Their reputation is permanently destroyed, which became clear over the last year. From this point forward, I will also no longer be able to keep you informed on any of their actions. + +Olivier +EDIT: Buying used graphics cards and reselling them for more is apparently frowned upon. Today I learned. + +&#x200B; + +I worked my ass off to get there flipping graphics cards. I'm not sure how many people know how hard it is for people born with disabilities to have assets. I have to make next to no money to stay on Medicaid. I'm in the hospital all the time, and my catheters would cost me 1200 per month without insurance. 1200 per month just to pee. It's crazy. + +GME is my ticket out of this system. This will only work out for me if it is life-changing money. The government is going to come calling for me next year. I don't care, I would rather die than sell before 10 mil. + +See you on the moon, but please make our new moon base wheelchair accessible! +Thought this would be esp interesting to this sub. Sometimes I feel a little discouraged by those "how much you need to retire" calculators. So it's a little reassuring to know what some other options might be if I don't get to those numbers. +[8 Countries Where $200K in Retirement Savings Will Last 30 Years](http://www.investopedia.com/articles/retirement/050416/8-countries-where-200k-retirement-savings-will-last-30-years.asp) +I thought Elon said [tesla won't raise capital just a few weeks ago](https://www.cnbc.com/2020/01/29/elon-musk-tesla-wont-raise-capital-will-focus-on-battery-cost.html). + +Guess the fact that their stock soared made it too appealing to issue more stock at these prices. + +Story : https://www.cnbc.com/2020/02/13/tesla-shares-fall-after-company-announces-2-billion-common-stock-offering.html +Hey guys , first post ever here! Wanted to say ive learned so much from reading posts everyday. + +I've started to venture into real estate the past two years and I currently have 3x units, one being a duplex and another STR.I've found a deal to buy 4 duplexes all beside each other for a total cost of $1.1M. + +We reached out to the seller for a potential seller financing offer and he came back with these terms + +1.1M Purchase +20% Down +30 Year +9.5% Interest +5 Year balloon payment. + +Obviously I know this is terrible terms and would never. Im thinking more on the lines of this + +1.1M +20% down +30 Year fixed +5% Interest no ballon payment. + +The 4 properties total rent is currently at $1150 per Unit x8. So $9200 revenue per month and It would cashflow around $2,900 per month.The thought of the balloon payment scares me a bit because if this market tanks and Im unable to refinance within the 5 years I would be screwed. Is this even worth the risk? Even with my terms. Am i thinking about this wrong? + +Side note: I would be approved for a conventional loan from any bank for this but obviously they want 25% down and more like 7.5 interest for the loan. My DTI ratio covers the $6,200 payment. Any suggestions or anyone with experience with balloon payments would be great! Thanks again. + +Edit: let me reiterate I CAN get a conventional loan at around 7.5% at 25% down. So obviously if the terms are worse than a bank I would not entertain it. I’ve been more deals with very reasonable seller financing offers rather than a 9.5% interest. Just wanted to see what you guys would counter with ! Thanks +Just recently I picked up the BRRRR book and have been reading it quite thoroughly. + +I find myself really questioning some of the statements that are made in it. The entire premise is that you leverage to thE max and pull out all of your principal in hopes of the refinancing coming in strong. + +So I understand that it’s “free equity” earned through rehabs. My issue is when there is a recession many people can say is the direction we’re heading towards in the next 5 years. You obviously want to be able to support your purchases but you also want to have renters paying off your mortgage. + +The problem for me is the scaling of this can be difficult to keep everything afloat during recessions. I don’t know if I really have a question but it’s more of looking for real life scenarios from people who have used this method. +The stock market seems to have been a game of rotation from one sector to another the past 1-2 years. During early pandemic stay at home was all the rage. Then turned into recovery towards the end of 2020 when good data behind the vaccine was coming out. Early 2021 was all about meme stocks. Growth was continuing to have wild swings and retail kept “buying the dip.” Now we’re seeing another rotation away from tech and any company that has recently IPO’d or SPAC’d. Due to inflation concerns the algorithms are selling heavy any money losing company. This “game of rotations” and people panic selling when the fed does anything reminds me to keep DCA’ing into a total market etf or mutual fund (or one of your other favorite broad etf’s). Keep reminding yourself you cannot beat nor time the market and you will win long term. +# Intro + +If you've followed my [previous](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) [posts](https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004_and_srocc2021801_for_apes/), my personal conclusion is that there are big forces holding the squeeze back primarily because the key players in this ecosystem in DTC and OCC are currently exposed to the default of its members. This is contrary to the more popular notion that DTC, OCC, NSCC are assembling tools to force the margin call of the shorts. + +As I have said: shift your mindset from "*Citadel is shorting the market*" or "*It's a battle between Short HF and Long Whales!*" to "*DTC, OCC, SEC,* ***and*** *the shorts are preparing for the squeeze*" + +First, let's take a look at who the members of DTC and OCC are: + +* DTC: [https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) +* OCC: [https://www.theocc.com/Company-Information/Member-Directory](https://www.theocc.com/Company-Information/Member-Directory) + +Just a cross section: + +|*Member*|*DTC*|*OCC*| +|:-|:-|:-| +|Apex Clearing|✔|✔| +|Barclays|✔|✔| +|Bank of America|✔|✔| +|Charles Schwab|✔|✔| +|Citadel Clearing|✔|✔| +|Citadel Securities|✔|✔| +|Credit Suisse Securities|✔|✔| +|Deutsche Bank|✔|✔| +|Goldman Sachs|✔|✔| +|Interactive Brokers|✔|✔| +|JP Morgan|✔|✔| +|Merrill Lynch|✔|✔| +|Robinhood Securities|✔|✔| +|TD Ameritrade|✔|✔| +|UBS Securities|✔|✔| +|Vanguard|✔|✔| + +Note who's in both of these organizations: + +* Our favorite chumps: Citadel and Robinhood +* The shark of sharks: Goldman Sachs +* Goldman's punching bag: Credit Suisse +* A big time GME long: Vanguard + +Also make a mental note of *who's not in this list.* + +While there has been intense focus from the community on **SR-NSCC-2021-801** which would potentially increase liquidity requirements and force a margin call on shorts, I think that this line of thinking is missing a critical aspect: margin calling the shorts right now would literally blow up the market. + +A post by u/jamiegirl21 on [an SEC filing detailing the merger of Northern Star and Apex](https://www.reddit.com/r/Superstonk/comments/mq4gfi/sec_filing_merger_with_brokarage_detailing/) reveals this on page 180 with regards to a legal action against Apex for the actions on 2021JAN28: + +[\\"Apex, along with over 30 other brokerages...including...Citadel and DTCC engaged in a coordinated conspiracy...\\"](https://preview.redd.it/wrdhfcsbb5t61.png?width=909&format=png&auto=webp&s=f76e0e7574f90dd2c6c3b3b00a233370117682e9) + +# Enter [SR-DTC-2021-004](https://www.sec.gov/rules/sro/dtc/2021/34-91429.pdf) (Effective) and [SR-OCC-2021-003](https://www.sec.gov/rules/sro/occ/2021/34-91199.pdf) (Pending) + +I'm rehashing my earlier post, but it is important to frame why these two proposed amendments to **existing rules** are important to understanding how the key players are positioning at the moment and why it's no longer about the margin call. + +From page 14 of SR-DTC-2021-004: + +[SR-DTC-2021-004 proposed rule change which is already in effect](https://preview.redd.it/1e9tvuo4z6s61.png?width=669&format=png&auto=webp&s=e146d6c0cf8bd02493246d6eea5dda65d9eba92b) + +And page 11: + +[SR-DTC-2021-004 focuses heavily on how to manage defaulting participants and possible failure of DTC itself \(page 19 section \\"Business-as-Usual Actions\\"\)](https://preview.redd.it/2f27r0pk17s61.png?width=656&format=png&auto=webp&s=ba62d8220206cfe0387c844e7b7dced861c9dace) + +From page 10 of SR-OCC-2021-003: + +[SR-OCC-2021-003 proposed rule change which was extended to MAY31 based on a filing by SIG](https://preview.redd.it/xvq2xutnz6s61.png?width=644&format=png&auto=webp&s=0d04693b1f9f3ffae0bf6bd82d106cac325e999d) + +What you should take away easily from reading both of these is that there is a **common theme**: DTC and OCC members are shifting how they pay out from their common member funds in the event of a member default. + +In other words, DTC and OCC members would previously have paid out of the common member funds to "cushion" a defaulting member and ensure continuity. But DTC-004 and OCC-003 change the language to make sure that the defaulting member's *own contributions* (in the case of OCC-004, it even adds a new Minimum Corporate Contribution) are drawn first and then assets are used as collateral ("*charging participants on a pro rata basis*") for access to member funds. DTC-004 even says "*DTC may, in extreme circumstances, borrow net credits from Participants secured by collateral of the defaulting Participant*" or "we use the defaulting participants assets as collateral for liquidity before we pay". + +So let's circle back to late 2020 and JAN28: DTC and OCC notice these anomalies in the market. They step in to allow RH and Citadel to bend the rules to stave off pretty much certain doom. The "BUY" button literally disappears from Robinhood for crying out loud! SEC doesn't object because the whole system was about to crash down. So the objective is first and foremost to do what is necessary to stop imminent collapse. Then they start quickly drawing up the necessary changes to their own charters to protect themselves from the the tsunami of shorts uncovered through these events. + +This doesn't mean that the shorts have covered; it means that they are not allowing the shorts to fail just yet because the system itself is not yet ready for this shock. + +To that end, I believe they have used existing models to simulate the squeeze and the outcome: + +[SR-DTC-2021-004 page 12: \\"in light of observations from simulation of Participant defaults\\" and \\"multi-member closeout simulation exercise\\"](https://preview.redd.it/zx2v2gduc7s61.png?width=682&format=png&auto=webp&s=4dfc7e2bac84b54f7e26a152c2f16ca9b801561e) + +They are adjusting their Corridor Indicators "*in light of observations from simulation of Participant defaults*" which includes a "*multi-member closeout simulation exercise"* and have decided that these changes are necessary to protect the system. What are these indicators? + +[\\"Corridor Indicators include, for example, the effectiveness and speed of DTC's efforts to liquidate Collateral securities...due to any Participant Default\\"](https://preview.redd.it/tfwnzkqec5t61.png?width=761&format=png&auto=webp&s=bc4f43106be73ba612ad2c5883b1e4e4df00a5cd) + +# Enter [SR-OCC-2021-004](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) (Pending) + +This one is the real kicker. After I read this the first time, it got me thinking about [why we're trading sideways](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) and inspired that post. + +Primarily, OCC-004 amends existing agreements between OCC members with regards to member suspension and handling of the suspended members' assets: + +[SR-OCC-2021-004 background on the underlying member agreement being updated](https://preview.redd.it/m1uyk3xw87s61.png?width=539&format=png&auto=webp&s=56dc0ad559d4ed602a64b4f7b9542a31aa5925c1) + +Once again, we see the same theme in the wording: "*necessary for the protection of OCC, other Clearing Members, or the general public*" and defines the conditions for which a member will be suspended. + +There are a few interesting parts of this document, however. First, the primary proposed change is to "*facilitate the process of on-boarding Clearing Members and non-Clearing Members as potential bidders*". + +Page 4: + +[There are two changes related to this broadening of bidders in an auction.](https://preview.redd.it/m5k73hen97s61.png?width=537&format=png&auto=webp&s=fcd039a4aeed3753da6f3ead82aae9dbbc0849c8) + +Change 1 on page 4: + +[Previously, even Clearing Members needed to qualify separately, but now all members qualify by applying.](https://preview.redd.it/slxyvodz97s61.png?width=527&format=png&auto=webp&s=ca8e7e5661147aafab2bf032b7a471677f4a1eae) + +Change 2 on page 5: + +[Now Non-Clearing Members have a streamlined process to join the bidding process.](https://preview.redd.it/4tshf86da7s61.png?width=535&format=png&auto=webp&s=dd08f04b12d264d77737ab0147efce197b943e67) + +Before we continue, look at that table above and you'll see some notable GME long entities who are ***not*** DTC or OCC members: **BlackRock** and **Fidelity** among others. + +So if we connect these with DTC-004 and OCC-003, it all dovetails with the same theme of how to wind down the current market tension with minimal impact to DTC, OCC, and the general well-being of the markets. + +After I read this, I was convinced that the reason we're not going anywhere is because no one wants the system to fall apart until these "firewalls" are in place to protect the non-defaulting DTC and OCC members and the market itself. But furthermore, it's about wealthy entities lining up to feast on the discounted assets liquidated from the defaulting OCC members via the auction process. OCC-004 eases the on-boarding of non-Clearing Members (BlackRock? Fidelity?) to the bidding process. + +If you are Goldman Sachs, perhaps this is a reason to [acquire some liquidity](https://www.bloomberg.com/news/articles/2021-03-27/goldman-sold-10-5-billion-of-stocks-in-block-trade-spree) and [cripple a competitor](https://www.cnbc.com/2021/04/06/goldmans-risk-controls-worked-well-during-archegos-fire-sale-ceo-solomon-says.html) that decides to [do something...interesting on APR06](https://preview.redd.it/j573z1g5s9s61.jpg?width=1920&format=pjpg&auto=webp&s=3a6179ac8fa3de32ba4e5e2137c13dde76c85a18). + +Therefore I believe that OCC-004 is a critical piece of the member agreement changes that is required before we are "allowed" to squeeze. Any other change that introduces a tool to margin call the shorts is a secondary tool. + +# What's This About a Shell Game? + +OCC-004 goes further and this is where on second reading, it gets **REALLY INTERESTING** (YEAH, I REALLY WANT TO EMPHASIZE THIS) on page 5: + +[\\"OCC proposes to eliminate the pre-qualification requirements related to non-Clearing Member's trading experience\\"](https://preview.redd.it/er7fzo2xa7s61.png?width=530&format=png&auto=webp&s=a68fcfcb7cb8fe77f1d16dd439106a45da80815d) + +So in other words, prior to OCC-004, non-Clearing Members had to "*actively trade in the asset class in which it proposes to submit the bids and must actively trade in markets cleared by OCC*" to participate in the auction bidding process. + +After OCC-004? "*OCC proposes to eliminate the pre-qualification requirements related to non-Clearing Member's trading experience*". Anyone can join the auction bidding process by application. + +**Don your tin-foil hat with me for a moment**. If you are one of the DTC and/or OCC entities that's about to get wiped out by this and all of your assets are about to go to auction, how can you still "win" this game? Why would you go along with this? >!What if you use this window to shift some capital and assets to a new shell company that has no "trading experience" and you simply bid and buy back your assets at a discount through that shell company? What if you're a rich billionaire and you know that one of your competitors is about to be wiped out? !< + +[Hmmmm....could it be?](https://www.reddit.com/r/GME/comments/mit0eu/the_everything_shortcontinued_citadel_spacs_and/) + +# Conclusion? + +If you've been following my posts and you've been following my train of thought, then my take is that at some point late 2020 through late January 2021, there was a sense that they wanted to margin call these shorts and get it over with ("Let me just pop this zit"). When DTC, OCC, and SEC realized how bad the situation was ("That's not a zit, it's melanoma"), they changed course to try to hold everything steady while they readied the "*medicine*". + +Therefore, we've been trading sideways since MAR16 (with a few shenanigans here and there) simply because any volatility could blow this all up before the firewalls are in place. + +Before the defaults are allowed to happen (via SR-NSCC-2021-801 or otherwise), these three key pieces need to be in place for an orderly wind down: + +|*Proposed Change*|*Filing Date*|*Review Window*|*Extension Window*|Effective?| +|:-|:-|:-|:-|:-| +|SR-DTC-2021-004|2021MAR29|Immediate||✔| +|SR-OCC-2021-003|2021FEB24|45 days|90 days|✖| +|SR-OCC-2021-004|2021MAR31|45 days|90 days|✖| + +[OCC-003 was recently extended to 2021MAY31 based on a comment from SIG](https://www.reddit.com/r/Superstonk/comments/mm8pnz/update_from_sec_on_srocc2021801_aka_srocc2021203/) so we are looking at a possible timeline that extends right out to just before the GME shareholder meeting. + +Keep your eye on these two pages for updates: + +1. [Daily SEC update](https://www.sec.gov/news/whatsnew/wn-today.shtml) +2. [Archive of SEC updates](https://www.sec.gov/news/whatsnew/wn-archive.shtml) + +I also think that some of the recent DFV tweets have a message focused on patience that is highly relevant. In particular, [this tweet (turn on the sound)](https://twitter.com/TheRoaringKitty/status/1380196363774918657). Listen to the dialogue very carefully. >!"Why is this happening to me?" "It's OK bud, it's just from the medicine, OK" "Is this going to be forever?" "No, it won't be forever"!< +With TSLA, BTC, and many other small positions in my portfolio becoming substantial positions, I'm finding it increasingly difficult to focus on my day job. + +Trying to remind myself that consistent income and investments are essential for getting to my retirement number. Investing is not my day job, but after seeing a decade of working get shaved off from gains and a conservative FIRE age of 45 my brain just wants to think about this full-time (despite knowing I've encountered some considerable luck). + +I keep reminding myself we've just been in one of the best bull runs off all time, but I enjoy reading about technology, markets, etc. and wish I could do this as my primary job. + +How are others handling this today? How about through the 90's? + + +[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!* +Lately, I have noticed a lot of people in this subreddit being upset over one thing or another. Some say the sky is falling, some say it never will. What I say is that we need more people. Not only in this subreddit, but more people to buy and adopt eth. That will make everyone happy. + +Bitcoin had a lot of people joining in once the price started going up. I am not a bitcoin enthusiast, but I genuinely want to understand the reason why bitcoin had such quick adoption, and eth has not yet (despite an NYT news article, and others). Was it just the novelty of a cryptocurrency? + +How can we replicate the quick adoption of eth in the same way as bitcoin? +I've pretty much read everywhere in the sub that Golem is one of the most serious and has the most potential (correct me if you think i'm wrong, stating why) in the long term. Are there any others in your opinion as legit as Golem out there? If so, which and why? +And as a separate question, will the Kik token announced recently work the same way? I mean buying ETH, then Shapeshift it (one way) to Golem, or Kik in these case. Is there any ~ date of release and price? +My grandad passed away over 13 months ago and I still he left me a cash inheritance yet I haven't received it yet. My father is dealing with it and they have just recently sold my grandads house that was left to him and his brother and they have received the money for it yet I have still not received the money my grandad left me. + +He keeps saying its all signed for and should be any day but he's been saying that for months. + +Is this normal due to covid or should I enquire more? + +Thanks for any help +[Here's the Video](https://vimeo.com/183016901). IMO, because of the target audience, he's not "preaching to the choir" here, and that makes this a pretty good video to share on social media. +Guten Tag to this global band of Apes! 👋🦍 + +Last week brought a very welcome 21% increase in GME share price, along with quite a lot of indicators that the SHFs are losing control.While I won't believe *that* until the MOASS hits, I do get excited about things like XRT reaching 1300% short, ORTEX showing 100% utilization and a short squeeze indicator, media silence on 20%+ increases, and a steady stream of DRS posts showing that Apes are committed to locking the float outside of the DTCC. + +As we look ahead to what this week will bring, there is a lot of uncertainty about the events surrounding Ukraine and how that will impact markets.I'm sure that the SHFs are going to do their best to not let such a crisis go to waste, but nevertheless, GameStop continues to be a fantastic investment and there is nothing they can do to convince me otherwise. Our Diamantenhände can withstand any amount of FUD they can muster. + +Today is Monday, February 14th, 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: **$123.66 / 108,31 €** *(volume: 1931)* +- 🟩 115 minutes in: $123.87 / 108,50 € *(volume: 1902)* +- 🟩 110 minutes in: $123.86 / 108,49 € *(volume: 1882)* +- 🟥 105 minutes in: $123.85 / 108,47 € *(volume: 1846)* +- 🟩 100 minutes in: $123.93 / 108,55 € *(volume: 1839)* +- ⬜ 95 minutes in: $123.85 / 108,47 € *(volume: 1708)* +- 🟥 90 minutes in: $123.85 / 108,47 € *(volume: 1544)* +- 🟩 85 minutes in: $124.07 / 108,67 € *(volume: 1493)* +- 🟥 80 minutes in: $123.83 / 108,46 € *(volume: 1438)* +- 🟥 75 minutes in: $123.89 / 108,51 € *(volume: 1336)* +- ⬜ 70 minutes in: $123.93 / 108,55 € *(volume: 1324)* +- ⬜ 65 minutes in: $123.93 / 108,55 € *(volume: 1310)* +- ⬜ 60 minutes in: $123.93 / 108,55 € *(volume: 1217)* +- ⬜ 55 minutes in: $123.93 / 108,55 € *(volume: 1133)* +- ⬜ 50 minutes in: $123.93 / 108,55 € *(volume: 1082)* +- ⬜ 45 minutes in: $123.93 / 108,55 € *(volume: 1077)* +- ⬜ 40 minutes in: $123.93 / 108,55 € *(volume: 986)* +- ⬜ 35 minutes in: $123.93 / 108,55 € *(volume: 974)* +- 🟥 30 minutes in: $123.93 / 108,55 € *(volume: 944)* +- 🟥 25 minutes in: $124.62 / 109,15 € *(volume: 790)* +- 🟩 20 minutes in: $125.20 / 109,66 € *(volume: 465)* +- 🟥 15 minutes in: $125.14 / 109,61 € *(volume: 395)* +- 🟥 10 minutes in: $125.20 / 109,66 € *(volume: 361)* +- 🟥 5 minutes in: $125.79 / 110,18 € *(volume: 104)* +- 🟩 0 minutes in: $125.97 / 110,34 € *(volume: 70)* +- 🟥 US close price: $124.25 / 108,83 € *($125.00 / 109,49 € 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 1.1417. 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 in law died recently. He leaves a family of his wife and three kids teen to early 20s, and was the sole breadwinner. They had a lot of money troubles, and he just cancelled his life insurance to save some money (I know, but it's too late now). The house is on an interest only mortgage with about 5 years left and no investment to pay off the principle. SIL is a SAHM for the last 20+ years and no marketable skills. + +Is there any financial advice for them, or for my wife and I who will need to support them through this? There are a lot of creditors and little to pay them with. Are there any resources to help them, or do I just need to plan partition walls in my living room to create some extra bedrooms? +There's been a couple of posts about this in the past but it needs to be said again, Computershare needs to implement a two-factor authentication system. Their Australian website already has it. There's an insane of money currently being held in these accounts, and they have one layer of protection. I understand they're running off old systems, but surely something can be done here. +Ive worked the tradingfloor as a dealing assistant, making a great deal of excel tools and pricing motors, coded in VBA and some SQL. I wanted to add another programmin language to my current portfolio of VBA/SQL/MATLAB and chose Python after reading a bit about what languages would be useful within the field of finance. + +So now i finished the Python couse at codecademy in three days, and im looking for any tutorials, instructions and maybe even some open-source code i can check out for a more finance-related perspective on Python. + +I thought someone here might have some good resources? +**Does money make you happy?** + +Richard Easterlin (1974) wrote about the [Easterlin Paradox](https://www.sciencedirect.com/science/article/pii/B9780122050503500087), where he concluded that within a country there was a positive correlation between income and happiness (one of the first economic papers on the subject) + +Is this the same for you? As your income has risen, has your happiness also? + +There are *many* conflicting ideas and papers on this subject (I wrote my uni diss on this topic). Some include: money brings you happiness up to $10,000 (basic needs), money brings you happiness up to £70,000, money doesn't bring happiness at all: it's all genetic and social etc. etc. + +For me I have seen in my life that when I have been happiest I have been the most successful. With the relationship being mainly happiness = success, not success = happiness. With my "happiness" coming from: + +* Spending time with friends +* Spending time with family (sometimes) +* Spending time on hobbies, feeling engaged in multiple things, work + hobbies +* Strong connections with people and my community + +I can imagine when my responsibilities add up (I'm only 24) having money will decrease stress and allow me to work on "life problems" and less so on "money problems". But that happiness isn't derived from how much I earn? + +**What do you think?** + + +[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!* +I am aware that maximum drawdown and execution will play heavily into the profitability. But generally speaking, what ball park accuracy % is considered acceptable on the hourly to move forward with the next steps in automation and risk management? Also, correct me if I'm wrong, but I anticipate that you potentially need higher % accuracy as the time frames go up because you get less turns. Anyone have experience with accuracy % at higher time frames like the daily or weekly? +Post - [https://hudsonthames.org/an-introduction-to-the-hierarchical-risk-parity-algorithm/](https://hudsonthames.org/an-introduction-to-the-hierarchical-risk-parity-algorithm/) + +While implementing the HRP algorithm as part of an open-source package [mlfinlab](https://github.com/hudson-and-thames/mlfinlab)*,* I found a lack of a clear and comprehensive post about the algorithm's working and its comparison with other allocation algorithms. + +So I decided to do a blog post with a step by step explanation of the underlying math, the intuition behind the different steps in the algorithm and finally a detailed comparison of its performance with previous portfolio allocation algorithms. + +Do give it a look and let me know your thoughts on the article! +Some of you will have questions about the recent fall in the value of the pound and the interventions made by the government and Bank of England to try and stall this. + +The government is taking the view that this is a temporary disruption to markets the BoE has decided to buy up bonds in an attempt to prop up the value of the pound. This means that pension funds that have borrowed other currencies to buy pounds will not be caught short when they have to use GBP to buy currencies to pay back the loan. + +In the short term it's easy enough to make predictions about what will happen today and tomorrow but in the medium and long term it is an extremely complex system with impacts that are difficult to predict. Buying up bonds can stabilise the exchange rate which can prevent inflation by preventing foreign goods becoming more expensive, but it can also fuel inflation by acting as an economic stimulus through making it easier for institutions to afford borrowing. + +Exchange rates fall when investors become less confident in a country's ability to repay its debts, or when they do not need the currency to buy goods and services manufactured in that country. It is speculated that the recent tax cuts and high inflation could make it expensive for Britain to service its debts and therefore the risk of default is considered to have increased. + +Therefore please limit your questions and discussions to impacts on personal finances. Our no politics rule will be slightly relaxed in this thread; comments may be removed but bans will not be issued unless other rules are broken. + +* [https://www.bbc.co.uk/news/live/uk-politics-63056188](https://www.bbc.co.uk/news/live/uk-politics-63056188) +* [https://inews.co.uk/news/world/asian-travellers-book-uk-holidays-cheapest-exchange-rate-1880339](https://inews.co.uk/news/world/asian-travellers-book-uk-holidays-cheapest-exchange-rate-1880339) +* [https://www.investorschronicle.co.uk/news/2022/09/28/how-does-the-falling-pound-affect-uk-markets](https://www.investorschronicle.co.uk/news/2022/09/28/how-does-the-falling-pound-affect-uk-markets) +* [https://news.sky.com/story/how-the-falling-pound-affects-you-and-who-the-winners-and-losers-are-12706181](https://news.sky.com/story/how-the-falling-pound-affects-you-and-who-the-winners-and-losers-are-12706181) +* [Why Is The Pound Falling? - Patrick Boyle - YouTube](https://www.youtube.com/watch?v=ebwQZMiJmlk) +As this is r/dividends I have always wondered why there is so little coverage or conversation about the UK markets? The majority of larger companies on the LSE are dividend monsters with top quality yields and solid businesses. Granted the growth of many UK companies is at a snails pace this doesn't detract from the great dividends many offer. What are people's opinions on the UK markets and some of its equity's and are we over looking some of those sweet pay outs? + +To note I am not aware of any of the tax laws relating to us citizens investing in UK based assets so have no bearing on this factor of investment choice. +SCHD vs VYM, if you were to pick one and go all in, what would it be? + +I have been hearing/reading that SCHD is better than VYM. I wanted to get some advice on this. + +Thanks in advance. +With around 4% yield I am surprised this hasn’t got more discussion, in part being a new fund with little track record, but I believe this will be a winner this year. +How do do you think about money differently, if at all? + +How has your spending changed? More holidays and midlife crisis buys? + +Has this changed your financial goals? If so, what’s next? + +Thanks! +I am interested in how other fatties secure their FAT accounts. + +I already have unique passwords and use 2-factor authentication where a code is sent to my phone to log in, but I've heard that this can be relatively easily hacked (I do not know if it's true or not, but ...) and it can also be problematic when outside the United States, which for me is an issue (although some of those problems can be solved with Google Voice, but that too can be hacked). + +Another option is a physical security key. One of my brokerages (Vanguard) allows for "[Yubico](https://www.yubico.com/)" security keys, but I worry about that too insofar as you can still access a Vanguard account with a 2FA code (without the key) and none of my other brokerages (e.g., Fidelity or Schwab) seem to support that type of security key (or any other). I also worry about losing the key! + +Maybe there's nothing more that can be done, but if any of you have any thoughts about securing your accounts I'd love to hear them. +Ended up rolling a bunch of contracts that expired today. Was able to close some contracts for a slight gain but everything else is just getting crushed. + +Might be time to start looking at some tech stocks that are down significantly and scoop some shares. + +Some companies I am looking at are: +NVDA, ADBE, ZM, PYPL, NET, CRM and INTU. Probably going to sell some CSPs on some of these to collect some premiums and get assigned at a desired strike. Depending on the company I might be looking to sell some contracts 10-15% OTM +A couple days ago I thought I figured out the market. Buy stonks that are trading for $0.001 and when they go up they will give bigger gains than any other stocks. Genius right! Had a perusal of the companies at $0.001 and fuck me sideways but they all blow. If I was in charge of ASX I would delist all of them. They don’t even deserve the letters and numbers in their ticker. + +I’ve decided to turn down the autist knob a bit and now looking at stonks trading under $0.01. + +Let me know who you’re in love with and who I should stay the fuck away from cause you’ve been bag holding longer than you care to admit. Or admit, I don’t care, it’s probably therapeutic. Let it out. This is a safe space. + +🍻 +Bought APT at $75, sold at $103. + +My first trade. Sweet tendies. + +Nothing crazy but I'm proud of myself. Now looking into some cyber security firms for more gains. +TLDR; I'm looking for some inspiration for stocks (Battery/EV space) to do DD in 2022 + +I feel like I'm in a rut with my research and I want to diversify a bit, butI keep coming up with the same stonks in the Lithium/EV space. + +Anyone got any suggestions for me to do DD in this space? I was hoping to compile a list in this space to tick off with DD (if its any good I'll share it, but I have hardcore impostor syndrome when it comes to my own DD lol) + +I hold: LKE, VUL and ACDC in this space. +Title speaks for itself. I lost 40% of my net worth this year, a six figure number. Painful AF. Want to hear what other folks are going through right now. + +&#x200B; + +So, what percentage of your net worth have you lost? This can also be a place for people that made money this year to brag, how much are you up? +For apes dealing with stress in relationships and the market, know that you aren’t alone. Covid hit us all damn hard. Our lives changed, our social circles got smaller. + +Relationships hurt. I’m not sure how I feel. It’s been 3 weeks since my gf asked for space, and I broke ‘no contact’ several times. I also tried asking if she started seeing someone else. Turns out by asking that I most likely fucked my chances of getting her back. But hey, we live to learn, grow, and move on through the pain. + +In a way my attachment to GME has also felt like a relationship. However GME actually loves unconditionally. Apes, we aren’t perfect, but we can change. With the MOASS eventually coming too, we can BE the change. + +If anyone else is going through relationship issues/breakups, know that you’re not alone. I’m hurting so much right now, but at least I have GME on my side. And so do you, fellow ape. Let’s continue to work on ourselves to either revive our relationships or to become happy in a new one. +I have a bunch of intraday data from IBKR, and upon inspection, there are some issues. (see example below) How do you screen your data for anomalies like this? + + SYM date time open close high low + GMVD 20210127 09:30:00 196.425 2.675 196.425 2.675 + GMVD 20210127 09:31:00 2.675 2.675 2.675 2.675 + GMVD 20210127 09:32:00 2.675 2.675 2.675 2.675 + GMVD 20210127 09:33:00 2.675 2.675 2.675 2.675 +(Please follow up the edits, as I will add/correct info if needed with the help of the comments section and Charlie's Channel) + +&#x200B; + +**TL.DR: It seems like those fuckers are hiding (covering but not closing) the synthetics, then shorting the ETF that holds the puts hiding the synthetics. (Thanks to YT user Blackchain).** + +**~~^((We have turned off our share lending, so they are resorting to ETFs)~~****\*\*\*\*****~~)~~** + +&#x200B; + +Point 1: [Almost 575 MILLION puts](https://www.youtube.com/watch?v=bi1Qfql3mCw) for IWM is the number Charlie could find. + +&#x200B; + +Point 2: [ETF Manipulation IS A COUNTER TO SHARE LENDING](https://www.youtube.com/watch?v=q0_a8C9lvOo) + +&#x200B; + +Point 3: [Further proof that this is “all one giant share lending mess”](https://www.youtube.com/watch?v=TYs2ZPijdHw) + +&#x200B; + +Point 4: [Give a look at the MSCI ESG score for iShares ETF (aka DOGSHIT)](https://www.youtube.com/watch?v=NQezP2PfJrM) + +&#x200B; + +Point 5: IF YOU HAVEN'T TURNED OFF YOUR SHARE LENDING OPTION, THE TIME IS NOW =) + +&#x200B; + +Point72: [=)](https://en.wikipedia.org/wiki/Pile_of_Poo_emoji) + +&#x200B; + +[Snapshot from point 1 video.](https://preview.redd.it/vhxis9ypm0f71.png?width=2022&format=png&auto=webp&s=8409871cfa61f811248909637d5f648fa83b3cd1) + +[Snapshot from point 2 video.](https://preview.redd.it/qoo6q2wk50f71.png?width=1716&format=png&auto=webp&s=37cc4ad496a6db30962a1d3501ad544585d20c9a) + +[Snapshot from point 3 video.](https://preview.redd.it/m0ituw7dl1f71.png?width=1478&format=png&auto=webp&s=a395295a65e58c0692519a2c62b5d604bb452626) + +&#x200B; + +END GAME MUCH? + +&#x200B; + +RULES BEING ENFORCED? DON'T THINK SO + +&#x200B; + +INSIDER TRADING, FRAUD, COLLUSION FOR COLLAPSE AND MAYO SHORTING + +&#x200B; + +WHAT THE FUCK FOLKS, + +WHAT THE FUCK. + +&#x200B; + +EDIT: If there's any info to be corrected, Charlie will post a video on >[his page](https://www.youtube.com/c/CharliesVids/videos)<. Even if that's not the case, I would still totally recommend his channel, as its pretty much unique as to the info he digs. + +Edit 2: Added another link to another mindblowing video. + +Edit 3: **It’s put contracts but it’s in the IWM ETF not GME** (thank you u/squidja) - Take a look at the weight of GME over this ETF and the % shorted + +Edit 4: Changed the first photo to better reflect the idea of the video. + +&#x200B; + +(not financial advice) +Edit:, it looks as though Market Watch has copied this post: [https://www.marketwatch.com/story/americans-personal-savings-have-fallen-off-a-cliff-how-to-boost-your-savings-in-case-of-a-looming-recession-11666722275?mod=home-page](https://www.marketwatch.com/story/americans-personal-savings-have-fallen-off-a-cliff-how-to-boost-your-savings-in-case-of-a-looming-recession-11666722275?mod=home-page) + +Source: [https://fred.stlouisfed.org/series/PSAVE](https://fred.stlouisfed.org/series/PSAVE) + +It hasn't been this low since 2009. Does this mean that people are running out of money to spend? Hence, we could see inflation slow down now because people can't afford excessive purchases anymore. People have exhausted their covid money and then some. + +The $4.8 trillion during covid was caused by people's fears of the economy collapsing so they saved, stimulus checks, and the lack of things to spend their money on due to stay-at-home orders. + +Also, it's quite shocking to see how Americans are able to spend their money so fast. It's as if people thought the boom was going to last forever and that they weren't ever going to run out of money. The average American can't seem to see beyond the next 3 months. Personally, my savings have actually increased because I didn't believe this boom would last forever. + +There is a theory on inflation that suggests inflation is partly psychological and not based in reality. People and businesses just expect inflation after a while so workers continuously ask for higher wages which in turn causes businesses to charge higher prices. Here, we can see that people actually have less money now to spend than in 2009. To break this cycle, the fed needs to provide an interest rate shock like what Volcker did. \[0\]\[1\]\[2\]\[3\] + +**The main question is: is there a correlation between personal savings and inflation? Another question is if personal savings is now so low, why are people still spending so much? Is is because of their gain in home equity (which is still far above 2019) that is making people "feel" rich?** + +\[0\][https://www.federalreserve.gov/monetarypolicy/files/FOMC20091201memo05.pdf](https://www.federalreserve.gov/monetarypolicy/files/FOMC20091201memo05.pdf) + +\[1\][https://www.ecb.europa.eu/home/search/review/html/inflation-expectations.en.html](https://www.ecb.europa.eu/home/search/review/html/inflation-expectations.en.html) + +\[2\][https://www.brookings.edu/blog/up-front/2020/11/30/what-are-inflation-expectations-why-do-they-matter](https://www.brookings.edu/blog/up-front/2020/11/30/what-are-inflation-expectations-why-do-they-matter) + +\[3\][https://www.imf.org/en/Publications/WP/Issues/2022/08/08/Inflation-Expectations-and-the-Supply-Chain-521686](https://www.imf.org/en/Publications/WP/Issues/2022/08/08/Inflation-Expectations-and-the-Supply-Chain-521686) +As the title says, specific crypto subreddits are echo Chambers where only positive sentiment is upvoted to the top. + +You will not receive an unbiased opinion or answer to your questions. In fact in some subreddits negative comments are completely removed with posters even possibly being banned. +According to SEC data over 5 million shares of GME failed to deliver. I looked through the data myself and anyone else can double check me. What does this mean? Is there an overselling of GME stock, naked shorts? Just looking for some possible answers, also almost all the incidences of failures were over half a million in shares not delivered. + +Edit: it is 600k not 5 million misread the data still seems high +Many customers of challenger bank Tandem Bank threatened to close their accounts after the start-up announced that it would introduce a £5.99 monthly fee. + +The banking start-up, which has signed up more than 500,000 customers, told customers on Wednesday that it would implement a charge for its cashback card. + +Chief executive Ricky Knox said the decision to start charging all customers was made in order to offer a “sustainable” service. + +Tandem stopped allowing customers to sign up for a free card at the end of 2019, and will close the service down on March 9. + +The £5.99 per month card will include 0pc interest on purchases and cash, no FX charges on foreign transactions, 1.5pc AER on savings and 0.5pc cashback. + +Many Tandem customers publicly announced on Twitter that they would quit the start-up following the changes. + +One customer wrote: “Looks like it's time to cut up my @Tandem_Bank card. It was fun whilst it lasted.” + +Another said: “So disappointed that @Tandem_Bank are changing their cashback card, it's been great over the past few years! But cannot justify spending £5.99 a month to keep it. Bound to lose a lot of customers.” + +A spokesman for Tandem said the launch of the new membership tier to users of its free card is a “test” before offering the paid scheme to the wider market. + +The start-up has raised more than £74m in funding from investors including eBay founder Pierre Omidyar and QED Investors. + +House of Fraser pulled out of a £35m funding commitment in 2017 after investing just £6m of the planned amount. + +Many banking start-ups have grappled with the cost of offering current accounts to customers for free. Rival banks including Monzo, Revolut and N26 have launched similar membership schemes with monthly charges in order to offset the cost of offering the accounts. + +Sarah Kocianski, the head of research at financial technology consultancy 11:FS, said: "To offer people rewards for free and then suddenly switch to charging people makes me think the full credit strategy hadn't been fully thought out." + +"Killing a free membership tier to make a company sustainable is understandable if the paid-for product is superior," Ms Kocianski said, "but in this case, I would have thought it was clear that a reason people had adopted the card was the free rewards." + + +https://www.telegraph.co.uk/technology/2020/01/08/customers-threaten-leave-tandem-bank-announcement-new-6-monthly/ +Post drill if successful? What are your major milestones and targets afterwards? I was reading that the net present value if proved could exceed $5 bil. What if anything does that mean for potential valuation once they're pumping? +Post drill if successful? What are your major milestones and targets afterwards? I was reading that the net present value if proved could exceed $5 bil. What if anything does that mean for potential valuation once they're pumping? +Hello fellow autists. + +I just wanted to get some of your thoughts on how the market is currently pricing in all that is happening in the world. The nasdaq is almost at another ATH. + +\-Covid cases are still increasing + +\-US election around the corner (uncertainty) + +\-Stimulus drying up in Aus (autistseeker and keeper) + +Obviously there are many boomer stocks that are not even close to recovering to the February levels, but with Australia in its first recession in decades, along with the highest unemployment rate in fucking forever - how the hell hasn't there been a bigger crash? + +Call me a fucking retard autist and send me back to my wife's boyfriend's house, but is anyone else thinking much about this? + +This post will probably age like some A2 milk and stonks will rocket for another 5 years. +I'm puzzled. + +In my opinion, this currency doesn't have any value... Can someone please explain how it is justifiably worth 5 billion dollars? + +Currencies like BTG concern me, it's worrying that something seemingly so useless and scammy can be valued at $5 Billion dollars... + +Why are people buying it? + +I'm sure there are many of people with the same opinion as me, I'm hoping to hear some reasoning behind why BTG will ever be worth remotely what it is currently valued at. +hey guys, + +so, i've tried making this post several times (pre-Satori) and each and every time it was downvoted and buried by shills before it could gain any traction. but what i'm about to say is vital for all apes to understand as we approach the MOASS. + +- **TA;DR - [this is how propaganda works.](https://media1.tenor.com/images/a59c421ea02cbea912772216eb1f1dab/tenor.gif?itemid=10520286)** + +before i begin, i would like all apes to refer to Rule #3 of this subreddit, which states: + + +> **3. No FUD, Shills, Bots, Lies, Spam, Phishing** +> +> **We have a zero tolerance policy with shills, bots, false content, FUD (Fear, Uncertainty, Doubt), Spam, and Phishing, and anything else that would undermine the integrity of this sub.** + +i think we can all agree based on our time here over the last few months that FUD and shill behavior can exist in **many different forms**. (forum sliding, topic dilution, brigading, etc.) sometimes shills and bots will downvote valuable DD, sometimes they will flood the sub with photos of their votes/the ticker/low-quality memes, etc. + +but one of the **major glaring blind-spots** that i have noticed since the sub's creation is the near-constant posting (and reposting) of inaccurate FUD news stories from sources such as M-rketWatch/B-nzinga/M-tleyF-ol/J-m Cr-mer's tweets, etc. + +as someone with a degree in media theory (i have studied the concepts of propaganda and [**political mythology**](https://www.tandfonline.com/doi/abs/10.1300/J199v03n03_05?journalCode=wplm20) in intricate detail), i feel it is absolutely necessary to point a few things out with respect to how we, as a community, engage with corporate media sources: + +- **the mainstream media is NOT on our side.** + +the publications i've listed above are simply the most egregious offenders, as they have all been revealed to be owned, funded, influenced, and/or linked to the interests of the hedge funds on the short end of the MOASS; but this principle applies to virtually all mainstream media articles being written and disseminated about the squeeze right now. corporate media has an agenda and it's *not* to tell the truth about what's happening here. their sole function is to help shape a narrative that benefits their monetary interests. **they are under absolutely no obligation to report "the truth" as apes see it.** they did not tell the truth about the real origins of the 2008 crash and it is naive at best (and dangerous at worst) to assume they will ever tell the truth about the impending MOASS. it isn't because they're "stupid" or "uninformed" or "out of touch" -- this line of thinking assumes incompetence when we should actually be interpreting it as an act of calculated aggression. + +- **posting links to MSM news articles that contain misinformation within this subreddit is FUD.** + +let me repeat that: **posting. links. to. news. articles. that. contain. misinformation. is. FUD.** + +that means yes, even if the point of your post is to dunk on how the media is "getting it wrong," the larger, overarching point is that by doing this *you are still helping to spread their misinformation.* + +> [**propaganda is biased or misleading information circulated through some form of mass media with the intent of promoting a political agenda or viewpoint. propaganda is deliberately not objective and is usually part of a larger psychological campaign to influence people toward a specific opinion. it may include outright lies or more subtle misinformation and censorship.**](https://www.thebalancesmb.com/what-is-propaganda-and-how-does-it-work-2295248) + +> +> *propaganda has taken on a whole new twist with the rise of so-called fake news sites. publishers seeking advertising revenue through page views will create misleading or flat-out incorrect "news" articles with sensational or controversial headlines. once these articles begin circulating on social media platforms, it can be very difficult to verify or disprove them.* + +> +> *hearing a rumor not only [**has the power to make you think it might be true**](https://www.thebalancesmb.com/defending-against-rumors-lies-and-propaganda-2295244); particularly in [**children hearing a rumor can actually implant false memories**.](https://www.researchgate.net/publication/7270828_Believing_Is_Seeing_How_Rumors_Can_Engender_False_Memories_in_Preschoolers) perception is a reality—not merely a product of political cynicism, real science exists proving it.* + +> +> *many big corporations and public figures have a policy of [**never commenting on rumors.**](https://www.thebalancesmb.com/examples-of-rumors-and-public-relations-2295238) it is typically smart because rumors can get stronger when you feed them with attention.* + + +thus, even if you do not believe you are doing any real harm (or "helpfully spreading awareness of their tactics") **by pointing out the media's inaccuracies you are merely sending traffic to the site in question, ultimately increasing their click-thru rate and putting money directly into their pockets**. (when calculating ad metrics and pageviews, these sites **do not care** if you're only visiting the site to laugh at it/call it out. a click is still a click and a share is still a share, so every single time you click that copy-link button to share the story in another venue, *you are literally doing their dirty work for them.*) + +- **YES, this applies to screencaps too**. + +*"but i'm not posting direct links to FUD, so calm down, it's fine!"* + +incorrect. consider, what did you have to do in order to get that screencap? that's right, you had to **read the source yourself**, meaning you are probably vigilantly monitoring the site in hopes of scoring a "gotcha!" moment for karma. + +i would very much love for apes to start thinking about combating FUD and propaganda in the same way one would attempt to put out a fire: if something is burning and destroying your house, the way to stop it is to SMOTHER IT, aka: **cut off its oxygen**. do **not** blow on it, do **not** point at it and say, "stop! you're ruining my kitchen!" - **SMOTHER THAT FUCKER AND DESTROY IT AT THE SOURCE!** + +i believe Rule #3 exists in this subreddit for an excellent reason. mods have a keen awareness of the epic levels of fuckery at play here, and i commend them for that. my argument here is based upon the idea that there a subtle, much more insidious FUD campaign at play here, one that apes may be unwittingly engaging in without their knowledge. + +* as a personal example, a friend of mine recently became an ape in mid-April. she is a very intelligent person (with a computer science degree and an accounting background) and has been diligently following the sub for the last 6-7 weeks or so. every single day this week she has sent me a screencap or a link to a FUD article with one of two types of comments: either (a) she asks if any of the stuff in the article is true (it never is) or (b) she's attempting to dunk on a misleading story and sharing the link for my approval/commiseration. + +* in the case of the former, she saw somebody link to an article discussing B-yond Meat and wanted to verify that, "*uh, this... isn't a thing, right?*" (nope, never was. 100% FUD.) in the second case, she sent a link to another explicitly misleading article discussing how "*DFV's tweets were the cause of the spike yesterday. ha ha, so funny and wrong, right?*" in both cases, the FUD was planted right here in the sub, whereupon she took the bait and proceeded to spread it to me. i believe this is what many apes are doing right now, on a grand scale. **the end result is that apes spend a majority of their time dissecting/disproving/dunking on FUD from compromised MSM sources, rather than continuing to research and discuss empirical facts about GME, the SEC, etc.** + +please humor me for a moment while i share some key excerpts from, [**"The Effects of Participatory Propaganda: From Socialization to the Internalization of Conflicts"**](https://jods.mitpress.mit.edu/pub/jyzg7j6x/release/2) (by Gregory Asmolov) this is an excellent piece that thoroughly describes the concept i am trying to explain: + +> participatory propaganda helps to socialize conflicts and make them part of everyday life. this increasing scope of engagement can also lead to an **internalization of conflict**, which means that instead of encouraging you to filter alternative sources of information, **participatory propaganda aims to reshape your cognitive filters as well as the relationship between you and your environment.** + +> +> in online environments, the consumption of propaganda is deeply embedded in the structure of social relations, **which allows the propaganda to further infiltrate our everyday lives**. more important are the ways social media and **the spread of online content create opportunities for immediate action: spreading propaganda further**, or taking other actions directly suggested by the propaganda. + +> +> due to the participatory nature of digital technologies, propaganda distribution, consumption, and participation often share the same platform and are mediated by the same digital devices (such as mobile phones or laptops). the person exposed to propaganda is also offered **a selection of actions to carry out** (often instantly) in the same virtual environment. + +> +> the consequences of these new participatory affordances are particularly visible in the context of conflicts. in his book iSpy: Surveillance and Power in the Interactive Era, Mark Andrejevic points out that **"in a disturbing twist to the interactive promise of the Internet, once-passive spectators are urged to become active participants."** + +> +> today the digital public sphere offers a new set of tools for the manipulation and control of citizen engagement in conflicts. **the socialization of conflict is now driven by the content proliferated through social networks, as well as through the digital affordances of online platforms that offer a range of responses to conflict**. the role of content in the socialization of conflicts relies on the distinctive nature of social networking platforms **that combine the consumption of news with social interaction**, and makes **social interaction a mechanism of content proliferation**. + +> +> as a result, one may argue that **propaganda has become less interested in changing people’s opinion about a specific object or in convincing people that it is either truth or fiction**. The main purpose of 21st century propaganda is to **increase the scope of participation** in relation to the object of propaganda. + +> +> participatory propaganda **restores state sovereignty from within**. It aims to build walls in the inner spaces of the subject by **shaping categories of perception of the environment.** + +> +> what does this sort of propaganda do to us as a society? It is designed to implement new forms of sovereignty. **It is designed to replace networked structures of society with fragmentation and polarization**. It helps to **pull people apart by forcing them into the role of combatants rather than citizens**. It is designed to **destroy horizontal relationships that offer alternative sources of information and that can potentially be transformed into independent collective action and a broad opposition to institutional actors**. It is designed to **divide and rule**. It produces a reality with new walls and borders that can sever personal relationships and **weaken critical thinking capabilities**. Participatory digital propaganda **enables the private, everyday identity of users to be occupied and taken over by the institutional actors that propagate it**. + +> +> the **protection of identity** in a conflict-prone digital environment may rely on the user’s capacity to **control the scale of their engagement in the conflict.** + + + +anyway, um, thank you for coming to my TEDTalk. i hope that going forward all apes (and hopefully the mods) will consider the argument i have presented here and come to a similar conclusion, which is that **posting links or screencaps to FUD (even if your goal is to complain about it) is just as dangerous as spreading it without context, and should absolutely be considered a violation of /r/Superstonk Rule #3.** + +* **PS:** if you do not agree with my assessment, **that is absolutely fine**, it's a free country, i suppose. but **i, personally, will be muting and/or blocking any users who continue to post FUD, regardless of the context in which it is being shared.** if you are a similarly frustrated ape and wish to try and put a stop to the daily barrage of FUD, i would suggest the (absolutely incredible) [**Reddit Enhancement Suite**](https://redditenhancementsuite.com/), a Chrome extension that allows you to filter out links from specific domains, as well as by keyword, flair, or username. it has dramatically reduced the amount of noise in my feed, and i feel this will be an invaluable tool once things *really* start to kick off around here. (note: RES only works on the classic version of Reddit desktop, your filters won't carry over to mobile.) + +godspeed, and i'll see you monkeys on the moon. 🦍🍌🚀 +I’m a 32 year old male, with quite a sizeable savings account and I make more than enough that others have told me I “have literally no excuse for not putting any of that money into the markets.” + +However, I feel like I do. I have this irrational fear that the minute I put any money into the markets, a 2nd Black Monday would happen. That would just be my luck. However I also know that with my money just sitting in my savings account, I know I’m still losing to inflation. Just not as quickly as I would if the market were to crash. + +I suppose it also comes from the fact that my family was dirt poor growing up, living in shitty pay by the week motels or in our old Plymouth Voyager when things got really bad. That I cling tightly to my money for a fear of ending up in the poor house again + +How do I overcome this fear of investing and getting into the markets? +GOOGL is set for a 20:1 stock split in mid July along with approved $70b in share buybacks. +Why should one consider not running the wheel on GOOGL post stock split? +It seems as though selling puts on the stock after it splits will be free money, and if the puts do get assigned then owning shares of GOOGL at the current lows is not a bad investment to continue selling CCs until they get called away. +Looking for some reasons as to why this is a bad idea. Any feedback is welcome +It seems pretty clear the exponential price action last year was all based on hype surrounding GME rumours, there was no actual substance to it therefore the price isn't holding up. The market cap to TVL ratio is still high at 4.5 so I don't see this downtrend ending anytime soon without any new catalysts. If you compare this to another hyped coin like CRO, which saw a meteoretic rise and who's price has stabilized since then (especially if you look at the CRO/BTC pair), you can see that LRC is nowhere near a bottom. I could easily see Loopring dropping below $1 again, assuming no significant BTC movements happen. + +And yet, all I see on this sub is more threads shilling the coin and doses of hopium about the long term potential? Nobody is seriously discussing price action over the last two months which is a huge concern to me. I'm not arguing that Loopring is a dead project, far from it, but the short term price prospects are very meagre. Everyone should decide what to do for themselves i.e. risk management, but I don't see any value in bagholding it when there's no end in sight for the downwards trend. + +Don't get me wrong, I see huge potential in ZK roll ups and in particular LRC for the next five years eventhough I don't own it myself. In fact, I'm looking for this downtrend to end so I can buy it when it eventually consolidates. Since Loopring is by far the most shilled coin on this sub , I feel bad for the ones that FOMO'd in after the price rise in early November. These people are seeing their gains evaporate like snow in the sun or are suffering big losses. Maybe an announcement by Gamestop at the end of this month or during the next earnings call will stop this downtrend, but I don't see it stopping anytime soon before that. + +EDIT: To anyone commenting that price doesn't matter, well it does. Let me put it this way, if LRC is $1.35 and you feel like it will move below $1 in the short term: you should absolutely sell because you can increase your holdings for the long term with 35% + +EDIT 2: Obviously DCA'ing is also an option when the price drops, I would wait until the price stabilizes though + +EDIT 3: Since I received the suicide care message from Reddit and multiple threats in my inbox, I will no longer interact with this thread. What a shame that people can't behave. +Those fucking Cramer fondling pricks with names like “Melvin” and “Ken” can’t fucking help themselves. + +Look at this shit. Finra said SI was 60%. No one cares anymore because we know it’s a crock of shit and so out of date it has mushrooms growing out it. But why though? Well let me tell you fucking why. + +Look at the short interest from feb 24 and feb 25 on gee em ee. (Don’t worry theres a picture just below) + +These two days alone, if you review the call and put volume, remove it from the total volume, like your a goddam autist god called Dr Burry, and just look at the finra daily short volume by itself: + +24th + +https://i.imgur.com/LqbFadP.jpg + +11m shares sold short. + +25th + +https://i.imgur.com/MMb5LUK.jpg + +33 fucking million. + +That’s 45 million in 2 days. That’s 75%ish of the float(I ain’t got a fucking calculator). + +This is not including puts and calls. + +The short volume has been bigger than DFVs diamond space hopper testicles. Considering the huge price drops today there is no way the 33 mill shorts today have been covered. (Unless you go buy Bloomberg logic where they say buying makes the price drop so maybe this DD is wrong I dunno they have a magic old man terminal with a fancy keyboard with green buttons). + +33m is about half the fucking float on a single day. You think Kenneth Melvin covered that shit? They’re so balls deep in shorts you’d think they were fucking midgets. They clearly want to either be right (lol as if) or, go so fucking bankrupt they get a bailout. And this doesn’t even cover the ETF nonsense going on. + +TL;DR The Squeeze cometh. HFs fuck midgets. 🚀🚀🚀🚀🚀🚀 +I'd love to hear anybody's direct experience with [Long Angle](https://longangle.com/index.html). I saw that they have an online forum--how does the conversation compare to this sub? Less interested in the deal flow and more interested in what the conversations and people are like. Thanks! +Accidentally came across this and thought it was pretty cool. Popular Science article from 1926 on becoming financially independent in 15 years investing $100/month. + +I found it interesting that inflation adjusted, $100/month then is \~ $18,000 year now - mighty close to 401k limits. Also, it uses a 6% return as an example. In their case, they talk about using bonds but that's pretty much the same rate people target today in a balanced portfolio. + +Plugging in to inflation and compound interest calculators, they're talking about the modern day equivalent of getting to $440,000 in 15 years, or \~ $17,000/yr at 4% rule. Within striking distance of leanFIRE! + +[https://books.google.com/books?id=wikDAAAAMBAJ&lpg=PA4&pg=PA4#v=onepage](https://books.google.com/books?id=wikDAAAAMBAJ&lpg=PA4&pg=PA4#v=onepage) +Just curious what everyone out there is seeing. I'm in ATL and we're definitely seeing some signs of softness. It's not a crash by any stretch of the imagination, but here's what I see: + +\- Late 2017 and early 2018 had almost ZERO supply of turn-key ready homes sub $300k in any of the nice neighborhoods (thinking OTP like Marietta, Sandy Springs, etc.). In the "up and coming" places with gentrification, you saw a ton of 1,000-1,4000 sq ft homes get into bidding wars for about $75k-85k (anything around the Belt Line, west midtown, etc). Bidding wars abound, and the rehabbed homes were easily hitting $225k-$250k (depending on area, size, finishes). + +\- Nowadays anything sub-$75k is sitting on the market longer if it's over-priced, there is a TON more supply in that price point vs. almost nothing about a year ago (or bidding wars). At the higher end homes, we've seen a lot of homes with price reductions (esp OTP). Those homes in the mid-$200s and now trading in the low $200s. + +Probably a combination of equities selling off Q4 2018 and interest rates hitting multi-year highs in the same period. + +What's going on in your local market? +Does anyone have a resource to help them walkthrough distressed houses and evaluate quick estimates on rehab costs? + +I don't come from a construction or contacting background and I can't bring a GC to every walkthrough I do, so I'm curious if anyone has a checklist or something along those lines. Hopefully with weighted cost estimations? + +Thanks in advance! +I’m referring to net income generated per unit. It seems that smaller 1-4 unit properties have lower barriers to entry compared to larger properties, mainly that funding is easier to get. Does this make sense? Has anyone else noticed this? +1. Price doesn't matter until the squeeze has been squoze. +2. The best time to buy GME was 2 months ago, the second best time is NOW. +3. Buy shares, not options. Invest only the money you can afford to lose. +4. Don't fall for FUD. Any account can be a shill/bot, even the ones created before January. They are PAYING users to spread fear and enroll you to post negative comments/posts. +5. GME has been and will always be the only play. Anything else is a distraction to limit the impact GME can have. (Yes, even RKT). Never will the planets align this perfectly again to trigger the biggest short squeeze of your lifetime. +6. The most important point : Don't sell. Supply and demand : you have something they want, we all do. So YOU set the price you want. And the price can actually go up to infinity. This is going to be the biggest transfer of wealth the world has ever seen, don't ruin it being a paper hand and selling low. +7. Hold. Hold. Hold. Selling at 1k is trolling. They want you to sell at 1k, that's why they keep spamming comments saying they put stop limits at 1k. 1k is lowball. 1k could just be a gamma squeeze. 10k is lowball. +8. As stated by u/Polihanna, the squeeze will last multiple days. Don't be afraid that it lasts a few seconds and you'll miss it. You won't. +9. Don't day-trade GME. It's extremely volatile, and you actually help them by selling shares that they can buy for cheap. You delay the squeeze and reduce its impact if you day-trade. +10. THIS IS NOT A GAME OF GREED. IT IS A GAME OF TRUST. + +&#x200B; + +100K/SHARE MINIMUM. (And that's only a checkpoint). + +&#x200B; + +Don't get caught in their FUD, they are trapped in a corner and are doing everything they can, legal or not, to limit their losses. Finish them. + +Most importantly : I will not sell under 100k. This is the play of a lifetime, this could change my entire life, I could buy a house, and help others. I'm not ruining my only chance. + +**💎🖐** **🚀** DONT SELL UNDER 100K **💎🖐** **🚀** + +This isn't financial advice, but only my opinion. Do your own research. Am not a financial advisor, just a retarded ape, no wrinkles. + +&#x200B; + +EDIT1: Added point 9. + +EDIT2: Added point 3 as a separate point, as suggested by u/cordelaine. Also added point 10. + +EDIT3: Added point 8. +So my friend recently told me she going into a new career path. Okay cool, what is it? Forex trading she told me. So anyway, she said this + +“If you compounded your account, starting from a balance of £200 and gaining 10% each week, by the end of the year you’d have £25,000 lol. Nah we don’t pay them directly. But the platform itself there is a joining fee obv and a monthly fee to be there. Also with anything, with education it’s really about investing in it but the skillset will more help you in the long run. Be wary of things that are free on the internet about trading, there’s a reason why they’re free. The market is designed to take peoples’ money and if the majority are using google/YouTube and finding that they’re constantly losing. Isn’t there a reason why?” + +So a few things, she pays them £150 a month, but now she pays nothing because she got 2 other people to join so it’s free for her. + +Another thing, on the last two lines she wrote, it was sketchy, it felt like they fed that to her to get her to join. I mean, if you’re selling someone something, wouldn’t you say that too? “Don’t get your information on the internet, come buy my service and I’ll teach you” etc. Right? + +So my questions are, + +- is she being scammed? +- can you earn a decent living with forex trading with 2/3 months of learning? +- is forex trading courses online actually help? Or can you just watch YouTube, read and study would be more useful? +- lastly, why would someone who knows how to make a lot of money from forex trading be helping others? Essentially creating another job by making these courses when they can just do forex by themselves and earn a shit tonne? + +I want to help my friend if she is being scammed +*I'm not selling anything* and I'm not sure if this post will be approved, but just out of curiosity, how many have paid to learn to trade? + +I'm pretty new to trading but have known about it for a few years due to family members trading. I've only been into it a couple of months but I've not spent a penny on courses or anything (apart from obviously using my money in the live account to trade with). + +I feel like once you have the basics, a lot of it is just trial and error and figuring it out as you go along, and not spending hundreds of £/$s on courses for someone to tell you what you can basically learn for free online. +[Yesterday I made a post about some stocks that made a sudden spike in price and volume](https://www.reddit.com/r/Superstonk/comments/nh2kt4/recent_pump_dumps_listed_on_shitadels_13f/) and noticed that the majority of them can be found on Citadel's 13F. Well, it looks like they are back at it this morning, some of Shitadel's holdings are once again spiking in value this morning. Though there may be some legitimize reasons for these increases, I don't believe too much in coincidences. + +Let's take a look: + +[Triterras, Inc.](https://finance.yahoo.com/quote/TRIT) \- Jumped 16% this morning, volume in less than one hour is half the daily average. Shitadel has 208,454 shares and half a million options. + +[Onconova Therapeutics, Inc.](https://finance.yahoo.com/quote/ONTX) \- Jumped from $0.75 to $9.20 this morning in premarket!! Shitadel has 58,050 shares of them. EDIT: Announced reverse stock split yesterday. + +[Annovis Bio, Inc.](https://finance.yahoo.com/quote/ANVS) \- Fuck me! 113% up this morning! Shitadel has \~9K shares +EDIT: Up 240% as of 12:30PM. Some have mentioned that they had positive results with drug trials for Alzheimers, skeptic in me sees that some of the news was released 2 days ago and no stock movement until this morning. Also no SEC filings in 2 weeks which I find odd. (Also volume is astronomical) + + +[Gracell Biotechnologies Inc](https://finance.yahoo.com/quote/GRCL). - Up 22%, starting rising post-market yesterday, triple the normal volume this morning. Shitadel has \~40K shares. + +[Yalla Group Limited](https://finance.yahoo.com/quote/YALA) \- Up 15%, volume already 50% higher than average daily. 121,711 shares and \~150K in options. + +Here's a link to the Shitadel 13F for reference: [https://www.sec.gov/Archives/edgar/data/1423053/000095012321007021/xslForm13F\_X01/0000950123-21-007021-4336.xml](https://www.sec.gov/Archives/edgar/data/1423053/000095012321007021/xslForm13F_X01/0000950123-21-007021-4336.xml) + +This activity has been going on for at least 3 days now, I haven't done any research into why these stocks are spiking, there could be a valid reason for them but I find is suspicious that the majority of them can be found on Shitadel's most recent 13F. + +&#x200B; + +EDIT: I really want to stress that I have not researched other reasons why they've gone up, there are plausible explanations for some of these (reverse stock split and press releases). See this comment for some explanations: [https://www.reddit.com/r/Superstonk/comments/nhtd52/shitadels\_holdings\_are\_being\_pumped/gyy54mc/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nhtd52/shitadels_holdings_are_being_pumped/gyy54mc/?utm_source=reddit&utm_medium=web2x&context=3) + +I'll also add that I have not seen EDGAR filings for the press releases, do your own research and draw your own conclusions. I plan to continue looking every morning and hope to put more research into it but am limited due to the fact that I still have to work because the MOASS hasn't happened yet. +Been buying bitcoin every month since October 2017. Was making zero profits for the first two years. Kept on it, built a nice stack. Now my net worth is shooting up like a motherfucker. Im documenting my journey here for all you guys that are at the start of your journey or still on sidelines and wonderig if you should buy or not. Im telling you its not gonna be easy and you need to stack for a few years but its gonna be worth it! I can do it! You can do it! We are doing it 👌 have a nice weekend bros 👌 + +https://er-bybitcoin.com/stacking-em-volume-9-february-2021/ +Now that the decks are cleared, will this be a long term bet? Key concerns - +1. Non-expanding indian middle class +2. UPI & digital payments as payment alternative +3. Affinity of Indians to cash +4. Better short term credit alternatives. + +Anything else? + https://www.livemint.com/market/ipo/sbi-cards-9-000-crore-ipo-set-for-early-march-launch-11581956522521.html +I have no income but last year I filled ITR 1 and put a combined sum of S & L TCG (around 10k) in income from other sources. My 26as showed nothing except bank interest. +Do I have to fill ITR 2 now to show and pay taxes for capital gains even though I have no income? +26as of this year still shows nothing but bank interest and dividend amounts. +First, let's jump into and talk directly about the zeitgeist. + +Yes, it is heavily manipulated. Yes, there is a shortage. Yes, there is a case for the inflation adjusted price being disconnected from current market value. Yes, it has industrial use. Yes, it's the metal on your wife's bf's cock ring. + +&#x200B; + +You're not wrong, but theres some major issues. + +It's a 1.5 Trillion dollar market cap. There is a hard case for the WSB, if acting in collusion which it shouldn't, cause that's naughty, to move silver. + +Citadel, et al own a real stake in silver. Maybe deal with one issue at a time. They would be enriched by this play, which effectively undoes doing them dirty. Do you really wanna give them a reach around while you're savaging their red little asses? + +Think about who owns the physical good. This would cause physical silver to rocket, enriching some pretty nasty despots (both political and financial). None of this exists in a vacuum. + +Every time someone has tried to mess with the silver market at scale it's blown up in their faces. Especially the Hunt brothers (Silver Thursday in 1980). They literally lost their billion dollar family fortune in the mid 80's (from the stuff stemming from 1980) + +Precious metals are a far more liquid market, with far greater trading times, and more world markets effecting price. This means there are more players. WSB was the David in the GME story, and won't register on the Silver market. You have COMEX & LBMA. + +JPM is one of the big Market Makers. Citadel et al aren't even a blip compared to JPM. + +I'm saying it's not even bringing a knife to a gun fight. It's bringing a rubber band gun to a nuclear arms meeting. + +These MF's are gonna eat all your tendies for an appetizer and want more. + +&#x200B; + +That said, the existing DD has had very very valid points. Silver is logically a sound investment, especially after QE Eleventy Billion. I'm saying bleach your mind of the thought of attempting to impact the silver market. + +&#x200B; + +Relevant positions: A few hundred ounces of physical silver. And if ya'll trying to mess with this, I'm going long on $ROPE +I've been learning about investing because, well, I need to. So after doing a good bit of reading, I've finally decided to go in and diversify my 401k, like I know I should have years ago. + +I check my balance, but I've never looked at what fund my money is in because I never lost a ton of money, so all was good in my book. + +I've just realized 100% of my 401k has been in a government money market fund for the past 14 years. I've moved it to a TIAA target date fund that has a total ER of .43% (.17% for the fund and .26% for Nationwide). + +I know that putting the money away in the first place was good, but my husband and I are going on 35 and I feel like I've really missed an opportunity by not learning, and diversifying my retirement account years ago. + +I don't have any questions, I just thought maybe someone else might learn from my mistake. +So this came up in my suggested by Joe Delaney, not sure if it's been shared here yet or not. + +https://youtu.be/A0xY2Nx8jMU + +I just watched it and I think he's fairly spot on, he sums up most of my thoughts. What makes it even worse in my case though is obviously being in the SE the average price of a house is far skewed from including the North prices. + +Which just makes things even worse than already stated.. haha. + +For reference, I'm 27, living in the SE, no debt and saved 8+ years. Struggling with motivation big time and worried for our generation to be honest. Luckily still have full job but on a paycut and have been for 6 months now. + +The only real options are to move away, but with Covid now coming into play the job market in a recession is hardly ideal timing either. + +Tough times ahead boys and girls. + +What will it take to solve the housing crisis? + +I also listen to a property podcast by Rob & Rob and they believe in the 18 year property cycle, but even with that I think we are quite far away from any decline in the market. Unless covid really does screw things up. + +I feel like I cannot earn enough relative to prices and simply can't save enough as house prices inflate. + +Anyone else feeling a bit depressed on this? 🤦‍♂️😂🤷‍♂️ + +I guess it helps to talk! Thanks. 😊 +Good morning traders! + +Time for a day 2 update. Today has been long and reckless. In case you missed out, here is my [last post](https://www.reddit.com/r/Daytrading/comments/mu1wck/day_trading_with_350_week_1/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\*\*Questions and Answers\*\* + +I've received some frequently asked questions that I'd like to clear up before proceeding. If you are experienced, these may not be relevant. + +&#x200B; + +Q: How do you trade without violating PDT rule? What platform do you use? + +A: I am trading on IBKR cash account. I am not a US citizen/resident. I use TradingView to chart and IBKR to chart. The fees are $2 a month on TV for real time data and \~$35 for IBKR TWS real time quote and level 2. I use the BookTrader function to execute my trades. + +&#x200B; + +Q: Where are you from? How do you trade during school hours? + +A: I am from Singapore! I trade 9.30am - 12.00am EST, which is 9.30pm - 12.00pm here (GMT+8) + +&#x200B; + +Q: Where did you get the money from? + +A: Personal savings, Chinese New Year red packets, various education awards and cash prizes, and an unethical habit of not returning change to my parents. + +&#x200B; + +Q: How do you make progress while being new? + +A: I am not exactly new. I started last September, made loads of mistake, blew up one account, broke even with another (my current main account), and now starting this new challenge. If I had listened to the experienced traders online and quit being so stubborn earlier on, I would not have to pay $2500 to the market before being kinda-consistently profitable. + +&#x200B; + +Q: Why don't you just spend the $350 on crypto or long term holds? + +A: I do have a separate account holding CSPX ETFs that I do not touch at all. The point of this $350 is to challenge myself and try to perfect my trading strategy. + +&#x200B; + +Last one: Are you \*really\* in high school? + +A: Yes. As you can see from my [IBKR account](https://imgur.com/a/xehKLBH), I am born in 2001. I am in JC2 (senior year equivalent). I am older than my cohort because I immigrated from Malaysia as a kid and had to drop 2 grades. + +&#x200B; + +In subsequent updates, I will not be posting as much details. Instead, I will focus solely on entry/exit to help traders who are uncertain about when to enter, SL and TP. + +&#x200B; + +\*\*20 April\*\* + +&#x200B; + +XXII showed up on my scanner, having a huge gap yesterday from Biden's announcement. I do not trade news but I do trade momentum. [Here is the chart.](https://imgur.com/a/8bBCT4g) + +At 9.35am, XXII entered my anticipated supply zone ($3.67-$3.72) and put in a huge green candle. I was filled 30 shares at $3.75 and set SL 2 cents below my supply zone at $3.65. I was tapped out. + +Trade 1: 30 shares x (-$0.10) - $0.60 (commission) = -$3.60 + +&#x200B; + +At 9.43am, XXII approached previous day closed and puts in mother long green candle after 6 minutes of consolidation, which I interpreted as a potential break out. I was filled 30 shares at $3.61. Price trended up a little before plunging and triggering my Sl at $3.53. + +Trade 2: -$3.00 + +&#x200B; + +At 10.00am, XXII puts in a green candle with bottoming tail \*with increased volume\*. Being more cautious this time, I waited for confirmation and place my trade after it broke above $3.55. I was filled 30 shares $3.55. + +At 10.20am, the price dipped rapidly and approaches a local up trend, but immediately reversed \*with increased volume. I added 30 shares at $3.70. + +At 10.29am, I failed to see a reversal candle pattern and did not exit with profit. I was tapped out at $3.69 7 minutes later. + +Trade 3: +$1.70 (paid 2x commission) + +&#x200B; + +At 10.52am, I spotted a reversal pattern on UAVS. I was filled 50 shares at $4.92. Price went higher, I raised my SL, and was later tapped out at $4.90. In hindsight, the reversal did not happen at a supply zone. I broke my trading rule for this trade. BAD. + +Trade 4: -$1.20 + +&#x200B; + +At this point, I should have closed my computer and leave. But I spotted a triangle pattern on XXII that was too good to walk away from. Considering that it was from a momentum play, I was willing to take the fifth and final trade. + +&#x200B; + +At 11.23am, I anticipated and entered at $3.65 (on the lower trend line. I was filled 60 shares. Price broke out of the top line and dis a small retest. It held and blast off. It blew past my target of $3.80. Seeing my account being green and I did not want to give back profits, I did not wait for further gains and sold at $3.82. + +Trade 5: +$9.60 + +&#x200B; + +Total: +$3.40 + +&#x200B; + +\*\*Summary\*\* + +In hindsight, I should have stayed out of the UAVS trade because it wasn't fit for my plan. Instead of rushing in for XXII, I should have sat out and waited for the choppy price movement to slow before trading at all. + +I did not hit my target of $5, but I did hit my limit of 5 trades a day. I close IBKR TWS and walk away. + +$361 to $363. + +&#x200B; + +Happy trading! +I remember back in 2017 and the first half of 2018, everyday I heard about digital currency related news and conversation. But now all the conversation and news are about cannabis, like which pot stock should we buy and how the pot stocks pop up 100% easily. Is that mean investors are not interested in digital currency anymore and all the attention have been shifted to pot stocks? I have no position in digital currency and interested to get some pot stocks. +My husband and I live well below our means we own our small but lovely home outright, drive paid for secondhand car and we are basically pretty minimalist so we save a lot. I work from home for myself now and my husband is on course for early retirement. + +We made the choice to be quiet about our financial situation because he especially has had family take advantage of him in the past. We aren't mean and do help family members out but we perfer to keep our money situation private. + +Because we are minimlist, don't have a fancy car quite a few people around us think we are much poorer and then patronise us and talk down to us about how great they are doing and how we need to work harder even a relative I know is up to her eyes in debt is like this all because we don't drive a flash car or live drapped in designer goods. + +As my mother would say these people know the price of everything and the value of nothing. + +Anyway do you have wealth but live a fairly minimalist lifestyle and if so do people just assume you are poor? + + +Being new to this I started thinking about how i will be taxed each year from my portfolio. Right now my portfolio has 20 total holdings (looking to add some more) 3 of which are ETFs (SPYD, SCHD, DGRO). So I have a few questions about investing in regards to the topic of taxes. + +When it comes to paying taxes each year on an individual brokerage account, how much is taken from earnings? + +Do ETFs offer a "hedge" against how much you pay in taxes each year? + +Are there any specific holdings most investors have, or specific strategies you guys use to reduce the amount of taxes you pay each year from your portfolio. + +Thanks in advance for the help +I plan on buying a home in the next year. I will be able to put about $200 a month away. Is it better to put that money into a savings account or a monthly dividen stock like $O? Trying to get the best return possible. +Are there any sticks that you would recommend? +Hello, I want extra income to pay Netflix and other bills. I know growth is better in the long term. What I want is a single etf to produce monthly income to use sooner than later. I was thinking jepi as I want decent income with capital appreciation What are your thoughts ? + +EDIT: I have a long term portfolio separate from my income goals. Currently I make very limited disability pay and am trying to escape from my abusive partner who pays all the bills (sometimes) in socal an extra 300 or 400 a month whould help me get my own place in Texas or something +Being new to this I started thinking about how i will be taxed each year from my portfolio. Right now my portfolio has 20 total holdings (looking to add some more) 3 of which are ETFs (SPYD, SCHD, DGRO). So I have a few questions about investing in regards to the topic of taxes. + +When it comes to paying taxes each year on an individual brokerage account, how much is taken from earnings? + +Do ETFs offer a "hedge" against how much you pay in taxes each year? + +Are there any specific holdings most investors have, or specific strategies you guys use to reduce the amount of taxes you pay each year from your portfolio. + +Thanks in advance for the help +I’m 25, business owner for almost 3 years now. I’m always stressed and don’t know how to relax. I always prioritize work over anything else. Although lately I haven’t been productive. I don’t know how to not work. I don’t know how to enjoy life. I’m feeling so lost. I feel like life is passing me by. I want to fatFIRE and enjoy the journey. I’ve isolated myself so much. + +Any tips welcomed. +> “We won’t let benchmarks and tracking errors hold our strategies hostage to the existing world order,” Wood wrote. She described the success of the ARK ETFs as one not solely bolstered by fervor for “stay at home” investment opportunities, amid the COVID pandemic, but rooted in identifying paradigm-shifting innovation, from blockchain and bitcoin BTCUSD to electric vehicles. + +> Wood urged investors to maintain their support of the ARK complex and said that maintaining a long-term, five-year time horizon would be the best way to judge the fund manager’s true performance. + +> “With a five-year investment time horizon, our forecasts for these platforms suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years,” the ARK CEO wrote. + +https://www.marketwatch.com/amp/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224 +I get it, we all have plans on what we'll do with the money, we all have things we want to buy, lives we want to make better, family members we want to help, and freedom from the constant stress of jobs we hate and bills we have to pay, I'm no exception. We want this to happen today, and if not today tomorrow at the latest. + +&#x200B; + +It's been a long slog ya'll, I bought in January during the initial spike and have had my eyeballs glued to these subs and the ticker every single day since I first hit that "buy" button and will continue to do so through the squeeze and even after, but I think we need to take a step back and get a little perspective on all of this. + +&#x200B; + +Everyone might know me as the artist who painted "The Birth of Ape" and I'm doing what I can to add to the morale around here and can proudly say that more than one wrinkle has been formed in this smooth gray lump of a mind from what I've read and seen here but I think a lot is getting lost in all of this technical analysis, MACD's, catalysts and potential catalysts, tweets, shills, FUD, misinformation, completely arbitrary floors, dates, price manipulation, the list is nauseating to be honest because there is one simple truth to what we are doing here. Hold your goddamned shares until the price makes you say "oh my" and commence selling when it starts to go down. That's it. + +&#x200B; + +Personally, I embrace the floor being 10 million and in my head, that's where it sits, but the truth is, no one fucking knows. Not you, not me, not the Pope nor anyone alive or dead on this planet can say what exactly this is going to do once it pops off because this has never and will never happen again. There's nothing to measure it against. That being said there is one thing on the horizon that will be what sends us off into our galactic cruise. It's been talked about again and again in multiple DD's and gets mentioned every so often and it's now one of the only things I can stand to read about when they do pop up. The pending DTCC regulations and the SEC approval process for them. + +&#x200B; + +One thing I want to clarify and one thing you would know if you read even a single DD from u/atobitt, this whole deal stopped being about GME a long, long time ago and you and your tendies are not in anyone's priorities, at all. The SEC, the DTCC and its entities, the banks, the hedge funds, the U.S. and world governments have been playing a very dangerous and very illegal game for decades knowing that they would get away with it because no one has the power or means to bring them to justice. That is until a bunch of simians decided to be funny and pull the pin out of the grenade because ape want lambo. Now if you think they're going to just roll over and let it wipe everything out you need to go back to the beginning of every single sub and start reading again. This is the controlled demolition of the entire foundation of the global economy. Again, this isn't about GME or what you want or a MOASS or any other thing your smooth brain will postulate. GameStop is THE PIN IN THE GRENADE and that fucking thing will not be ALLOWED to explode until they have done absolutely everything in their power to save themselves as much as they are able to, you and I are the sole beneficiaries to the destruction and if you think a goddamned MACfuckingD crossover or shareholder vote is going to send this off then you haven't been paying attention have you? + +&#x200B; + +We are waiting on these things. PERIOD. + +&#x200B; + +OCC 2021-003 + +&#x200B; + +OCC 2021-004 + +&#x200B; + +NSCC 2021-005 + +&#x200B; + +NSCC 2021-002 (also known as NSCC 2021-801) + +&#x200B; + +And whatever else they decide to vomit up to protect their wretched asses. + +&#x200B; + +Now as far as I know the farthest off of these regulations is OCC 2021-003 (it might be 004) to May 31st because of shitstain Susquehannas objection to it, but it might be sooner than that if the SEC decides to remove its proverbial thumb from out of its proverbial asshole and DO something, but that is out of our control. So we wait. I just want you all to know that the sideways trading is not because of anyone's manipulation, there are no short ladder attacks, Ken Fucking Griffin isn't rubbing his hands together and twirling his mustache in a dark room hoping we'll sell. The powers that be KNOW we aren't going to sell. The price is at max pain because the regulating powers have kept it there for months and you can pinpoint when they did take control, go back and correlate when the DTCC regulations started being proposed and when we started going sideways, hmmm? THIS IS A CONTROLLED FUCKING DEMOLITION. + +&#x200B; + +So in short, cool those jacked tits, smoke a joint, drink a beer, play a game, we'll get our tendies but you have to remember that all the players in this epic greek fucking tragedy don't give a single shit about you and what YOU think should happen or what the tea leaves tell you (and seriously, reading tea leaves would be of more help than these "technical analysis" posts that plague our sub, jesus people.) Have patience, bookmark the DTCC and SEC websites and look at the regulation and update pages obsessively as I do, and for God's sake let's use this beautiful sub and our rapt audience to boost morale and \*gasp\* laugh, not give false hope because "I kNoW WHy tHe prICe iS mOvINg siDeWAyS bEcAUsE i HavE a SeCReT pOWer". Buy, hold, wait, done. + +&#x200B; + +Not advice, I ape. +Has anyone heard from the ape who was forced to live from their van with two school aged kids? Out of nowhere I thought of you this morning and felt compelled to ask how you’re doing. It’s now ‘back to school’ time and I remember you saying this would be particularly difficult. Just wanted to make sure you’re ok, ask how the kids are doing, and see if there’s anything you need. Were you able to sort out some housing? +https://www.theglobeandmail.com/amp/business/economy/article-fed-official-warns-covid-19-bankruptcies-could-trigger-a-financial/ + +St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported. + +“Without more granular risk management on the part of the health policy, we could get a wave of substantial bankruptcies and [that] could feed into a financial crisis,” Mr. Bullard said in an interview with the newspaper on Wednesday. + +He warned of “twists and turns” in the health crisis and said “it’s probably prudent to keep our lending facilities in place for now, even though it’s true that liquidity has improved dramatically in financial markets.” + +New U.S. COVID-19 cases rose by nearly 50,000 on Wednesday, according to a Reuters tally, marking the biggest one-day spike since the start of the pandemic. The surge in cases across the country, including the populous states of California, Florida and Texas, threaten the budding recovery. + +Mr. Bullard said that it is possible that the country could “take a turn for the worse at some point in the future,” but added that it was not his base case, according to the report. + +The Fed moved aggressively in March to support the U.S. economy by cutting rates to near zero, buying up trillions of dollars in bonds and launching a slate of emergency lending tools to keep credit flowing to households and businesses. + +The last of those programs was launched on Monday, which the Fed can use to buy newly minted corporate bonds. + +“With all these programs, the idea is to make sure the markets don’t freeze up entirely, because that’s what gets you into a financial crisis, when traders won’t trade the asset at any price,” Mr. Bullard added. +I am following a simple dollar-cost averaging approach, investing in ETFs for the long-term (i.e. 20-30 years). Since I am young I have the time advantage, so my portfolio consists mostly of stocks (in form of ETFs). + +My goal with the stock market is long-term wealth building and my goal would be to retire, hopefully, way earlier (maybe even in 15-20-25 years). Currently, I am 25. + +I have recently read the following: "over the past ninety years, the stock market has taken five big hits (32 to 86 percent) with recovery times afterward ranging from four to twenty-seven years" + +\- Great Depressions: down 86%, 27 tears to recover + +\- Mid 1970s: down 47%, almost a decade to recover + +\- Late 1987: down 32%, 4 years to recover + +\- Great recession, 2007-09: down 50%, 6 years to recover (or 14 years if you count from the matching dot-com peak in 1999). + +I am aware that market cannot be timed, that I should diversify, that I can allocate more to stocks if there are significant number of years ahead of me and I am also aware of the fact that if I am in for the long-term I can come out of downturn (even use them as a buying opportunity) as I have the time advantage. + +But still, what if history repeats itself and we get into a heavy market downturn which takes 10/20/30+ years to recover. + +Please convince me why I should not care (and what I should do to best mitigate). + +Thanks friends! +I'm 48YO and my wife 58YO. We have >$1M in 401K savings and are doing well with our regular incomes. We inherited some money lately and want to invest $230K into the following ETFs: + +ARKK, VGT, VTI, QQQ. I realize some of these ETFs overlap with one another. Not sure on best % in terms of how to invest the money. 25% for each? These are pretty tech heavy ETFs and I am a little nervous about the possibility of some tech bubble burst, but have no data to back that up. Not looking to time the market and willing to ride some waves, however from time to time we may want to sell some shares and use the gains for personal things. I understand this will reduce our compounding a bit, but we have another slew of $250K in other mutual funds that we have no intentions of touching the gains on. Are the above ETFs wise choices for our age? Should we consider others? Thanks. +I already own SPLG (S&P 500 index tracker). Thinking of buying IXUS or VXUS and BND…. I know this is a strategy for retirement but I’m wondering if something this simple can actually build wealth? Thoughts? +Recently launched (Jan 1st) AdTech ETF. May see some decent gains as ad tech stocks recover from their recent correction. Earnings season (Feb/Mar) may spark some great returns as well. + + +Ticker - [https://www.marketwatch.com/investing/fund/MRAD?mod=refsymb\_mw](https://www.marketwatch.com/investing/fund/MRAD?mod=refsymb_mw) + +Holdings - [https://www.etftrends.com/guinness-atkinson-asset-management-launches-adtech-martech-focused-etf-mrad/](https://www.etftrends.com/guinness-atkinson-asset-management-launches-adtech-martech-focused-etf-mrad/) +What have you learned while investing in ETFs? What should I do? What should I not do? What should I look at before investing into an ETF? I plan to be pretty risky as this isn't my only investment. I have a 401k through work and a Mutual Fund through my IA. + +&#x200B; + +Have been looking at ESPO, HERO, OLD, TQQQ, QQQ, VV, VO, and SLY. I haven't pulled the trigger on any yet. I have a feeling that eSports will see an increase over the next coming decade, just based on sentiment. +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +What have you learned while investing in ETFs? What should I do? What should I not do? What should I look at before investing into an ETF? I plan to be pretty risky as this isn't my only investment. I have a 401k through work and a Mutual Fund through my IA. + +&#x200B; + +Have been looking at ESPO, HERO, OLD, TQQQ, QQQ, VV, VO, and SLY. I haven't pulled the trigger on any yet. I have a feeling that eSports will see an increase over the next coming decade, just based on sentiment. +So my portfolio is currently 55% VTI, 10% QQQM, 5% VB and QQQJ and 25% individual stocks. I wanted to have exposure to tech & small cap stocks on top of VTI, but is it worth having the double exposure or should I just put everything into VTI? +Hello, I've been investing for about a year now. Not a lot of money, I'm a student and can only afford to put ~$60 a week into my portfolio. I've been mainly doing it to learn but I've noticed that I get emotionally involved when it comes to trading (GME & AMC) and I've been getting burned. I'm looking into ETFs until I can properly learn how to trade stocks/options. + +I'm 21 years old so I prefer higher risk ETFs. Once I have a deeper understanding of stocks/options I plan on dabbling in them with a percentage of my portfolio but for now I prefer to stick to ETFs. + +My plan was, considering weekly $60 deposits. + +50/50 on QQQ and ARKF, along with $10 a week split 50/50 on Ethereum/Bitcoin. All this following the DCA principle. + +I'll be getting a job soon so I'll be upping my weekly deposits once that happens. + +Is there anything wrong with my strategy? Any tips? Thanks. +As the USA has elected a government much closer to Clean Energy use and support, I don't really understand why is sinking this particular ETF. + +I have been reading through a couple of news, but I don't find any sense to this movement. + + +What do you think? +Receiving £45k in one transaction from a company abroad and am being questioned for proof of source/invoice and whether I'll be receiving large sums again in the future. Provided all the proof which is fine, but they can't give me any indication of future hold-ups. I really cba for this to happen again (Starling bank) + +Looking for business banking recommendations that won't question this type of incoming transaction and have higher thresholds. Did some googling for the best business banks for large transactions but nothing solid comes up. + +If anyone has received similar size sums to your business banking and it hasn't been held up, please let me know which bank, thinking to switch to something more premium. +I’m sure this has been posted about a bunch before, but want to post a reminder as I was just attempted to be recruited to one of these! + +I saw right through it once she started actually talking numbers, and was skeptical from the beginning (mostly because I swear to god this girl never broke eye contact with me) but here’s the story: + +I work at a Barnes and Noble and this girl around my age (mid 20s) came up to me asking help finding a book (After researching the scheme, apparently they target places like this! Another guy was approached at a Target) I don’t remember how but we got into conversation about wanting to give back to our communities and wishing we had more money to be able to get by and spend more time doing that. The convo went on for a few mins and then ended and that was that. But then later, kid you not, she startled the hell out of me just by standing in an isle that I walked by. I don’t know why I was so surprised, it’s a store, so people browse... but I was. She then started the convo up again, saying she’ll see what she can do, no promises, but she’s in this business group where they mentor each other and make enough money on the side to get by, yada yada. Why she wouldn’t have mentioned that the first time we talked, I have no idea (perhaps some psychological trick). + +We exchange numbers, she calls me a few days later (which felt weird; I’m not against calling, but I’ve never met another person my age that didn’t text first if we didn’t know each other) and we agree to meet for coffee a few days later. + +At coffee we chat and she essentially interviews me and I end up telling her my life story basically (honestly don’t regret it, it was kinda nice to hear myself say it all out loud 😆) and she says I’m a great fit, but she doesn’t want to give me more info yet, I have to read 30 pages of this book that she’ll send me a PDF of (I forget the title but you can find it by searching Amway scam lol), and we agree to meet again. God this sounds insane, typing it out haha. + +Second meeting was tonight. She asked me some more questions, and then finally I get to see what this secret business is all about. What do you know, Amway! Graphs of literal pyramids! $218 start up fee! Having to buy all of your household products through the company! Making $9 commission from $300 sales (which she said was amazing and I had to stiffen a laugh)! More talk about how exclusive it is! How she’s had such great mentors through this! I can soon get $3,000 a month, even though that math doesn’t add up! + +Immediately after the meeting I called my best friend and told him everything and we had a laugh. I googled the scheme and found boat loads of similar stories. Out of curiosity I texted her a link to a video about the scam, and she sent me a block of text that sounded like a Scientologist explanation (“Don’t believe any negativity! Everyone else is wrong, we’re right!”) + +Thought I’d share the story in case anyone got or gets tricked into this. She was good. Thought for a hot sec I might have made a new friend, a group of like minded business folk, and some extra cash. Of course though, if it sounds too good to be true, it is. + +One good thing that came out of it was that now I’m more motivated to find a real group like this in my city. + +TL;DR young, enthusiastic girl started a convo with me at a Barnes &amp; Noble, talked about some exclusive business mentor ship group that made good money on the side, interviewed me &amp; told me to read a book... annnnd it is a scheme. + +Beware, folks! The schemers are relentless and at a store near you! + +EDIT: text screenshots of her response to the scam video - https://imgur.com/gallery/lBMoyPK + +EDIT 2: just need to add this 😂 https://youtu.be/lC5lsemxaJo + +EDIT 3: she texted again! https://imgur.com/gallery/Ri9sU7d +For most of us, 31st December is the due date for ITR filing. Only a week to go, and if you're yet to file, just push yourself and start the process. + +Use this thread to post your queries on filing tax returns. + +To check with ITR you should file: https://www.incometaxindiaefiling.gov.in/downloads/incomeTaxReturnUtilities?lang=eng + +Previous ITR threads: + +- https://www.reddit.com/r/IndiaInvestments/comments/cssb4p/income_tax_return_itr_filing_thread_post_your/ + +- https://www.reddit.com/r/IndiaInvestments/comments/c7olp4/income_tax_return_filing_thread_post_your_queries/ + +We also have a #taxation channel on our [Discord](https://discord.gg/hqBNg4u), if you'd like to drop by and ask your tax liability related queries. + +* What credit card are you using? Discuss the privileges associated with them. +* What card is best suited for online e-commerce shopping? +* What card are you using for purchasing airline tickets? +* How is the dispute resolution mechanism for your credit card? How helpful was the credit card issuer in resolving the dispute? +* Did you take a credit card against a fixed deposit, due to non-existent credit score? What card was it, and what privileges des the card provide? Discuss. + +You can ask for a general review of a particular product or service that you are researching - "Is X good? Is it recommended for grocery shopping?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ke padosi ka beta, and my wife needs a credit card for grocery shopping, 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. + +With all the hype for the Korean traders going on (there are many who have been in since at least January btw). Many of you know they identify as 'Ants' as we do 'Apes'. + +&nbsp; + +I thought you all would be interested to know that the Korean word for 'Ant' is '개미' which translates phonetically to GaeMi or GaeMe. GME? Coincidence?!? yes.. OR IS IT?! +I'm 30 years old with a wife and child. I have 60k that I'm holding onto being weary of the impact the current economic situation may have on the market overall. Should I max out the Roth IRAs and 401k now or hoard money and wait a moment? For context I have a 40k emergency fund and live off of 60k/year. 400k net worth including the 100k previously mentioned. My wife does not work as she is doing an amazing job raising our daughter. Also I work part-time in a skill position so wouldn't expect to be laid off as the company I work for is doing really well and hiring. Let me know if any other details would be pertinent. Thanks! +With Celsius now firmly embattled in Chapter 11 proceedings, they are burning a huge amount of cash on the legal proceedings. + +Their legal counsel Kirkland & Ellis just presented a bill for $2.5 Million, for just 18 days work. + +&#x200B; + +[This sums up to around $140,000 per day or $5800 per hour!](https://preview.redd.it/k5tuhmzrl5u91.jpg?width=1179&format=pjpg&auto=webp&s=4ecb3277f4f4b5349e2e145fdd06f2fd52ad55de) + +A list of all the per hour basis invoices of various attorneys is in this file (see page 9 onwards): [https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910152280000000012.pdf](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910152280000000012.pdf) + +And that is just one law firm. + +Another law firm **Akin Gump Strauss Hauer & Feld LLP** has billed them close to $750k for 45 days worth work. (source: [https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910152280000000013.pdf](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174910152280000000013.pdf)) + +These apart, there are additional fees paid to more counsels like White & Case, independent investigation teams, blockchain analysts etc. + +At present, Celsius is burning through a deficit of $1.5m PER DAY! + +Since they are in bankruptcy, all of this comes from user's funds that are now part of the bankruptcy estate. Given current expenses, they could burn as much as $500m in a year, if the proceedings continue. Most high profile bankruptcies can run into expenses of 9 if not 10 figs. And the Celsius one has a long way to go yet, and given the number of clawbacks that are possible, it could run into years. + +Together with various cryptos losing their value due to the bear market, it could represent a significant portion of the total bankruptcy estate lost in operational fees and legal fees. + +Celsius already had a $2bn hole in their balance sheet, which is only going to get worse with these lawyers cleaning out as much as they can. Bankruptcy proceedings are extremely expensive affairs, and the losers are the Celsius users who have funds tied up in this. +I absolutely hope I can see the face on my accountant when he's going through this period of crypto to figure out how in God's name he's going to tax me. "In the span of 22 minutes you bought and sold the same currency 16 times, what exactly were you thinking?" + +Well sir I was trying to time the dip you clearly don't know about a little strategy I like to call "panic selling" +Let me start off by saying that I posted here to get questions I could ask him in class, and there were a lot of great suggestions. Some of them were too complex for me to understand I didn't want to ask questions I couldn't explain if necessary. But I managed to sneak through a lot, in which most he answered really well(almost as if he's been asked them a couple of times over earlier?;)). + +The entire class was pretty much me interrupting, and I was the only active participant, and the result of this was that his whole lecture basically became a dialogue with me. This presented a lot of opportunities to find inconsistencies and significant ethics violations. + +So, what did I find? + +So firstly, he and the rest of his industry seemed to be pretty optimistic about the economic situation of southern Europe, which I found interesting. I asked "Do you think the rental market and the housing market are sustainable as it is now or do you think a significant correction is on the horizon? + +His answer: Yes. He said that he was not expecting growth to continue linearly the next year, but continued by saying that they are not expecting a correction of any sort, just stagnation while the macroeconomic situation sorts itself out... This seems pretty delusional to me as far as the energy crisis, inflation, and all other aspects of risk in the eurozone right now. But I guess housing is always stable....right? + +He then pivoted into my next question without me having to ask it and compared 2022-23 to 2008, so obviously, he said "We are not going to experience anything near 2008". lol + +I asked furthermore + + if there are any companies in the European market who are proceeding the same way as Blackrock, with buying upwards of 800 homes a day in which I got a small laugh, followed by a yes:) First, of, he is the asset manager for about 20k units, which was $40bn under management. Imagine the fucking bonus he gets at the end of the year, but one thing... they have 97% apartments under management, so they are NOT buying single-family homes from families just trying to afford their first house, BUT these other crooks are doing so happily. Europe's biggest player is in Germany and Austria and is called Vonovia, which has 415 000 residential units(!!!!) under management, which is more or less equally distributed between apartments and houses. They are responsible for over 1 million people's living situations, and the only thing they do is maximize profits. + +One thing that pissed me off, was that whenever I asked an ethics question, he diverted them right of the bat and continued talking about other stuff, while for other questions he would elaborate on the market and answer really really well. He said that with all units under contract, they can only increase rent by 2% YoY as long as it is still under contract. All other units they have will be raised by the current inflation rate... 9%. I asked him if they were considering more humane options in renting prices given that the average salary in Europe only has risen 1,5% while inflation is 9%, and in countries like Spain the minimum wage is only 1000 euros per month. Along with the fact that the amount of people who can not afford to house is steadily increasing. He slipped up a few minutes later talking about another subject where he said "we can only raise rent 2% when under contract, but if we could, of course, we would have risen it by 9%, then we make more money"... Not doing anything illegal, but damn... Don't mind pushing people out of their homes here + +And now, for the most alarming part of the entire lecture. I might not have the knowledge to comprehend all of this, and that might be why it scares me so much, but here we go. + +Their goal is to create an SPV with 23k units and sell it to a Pension fund. + +First off, with all of their assets under management, THEY ASSUME NO GOD DAMN RISK! + +Their entire portfolio is insured 100%, so whatever happens to the apartments or loans, the insurance covers ALL OF THEIR LOSSES. Naturally, they pay the insurance company a decent fee for this each year, and he said that as of now, their bad debt is totaling 4,5%, (but what will happen if they reach 8%??) but insurance covers it all, so no worries. + +Furthermore, their goal in 2 years is to sell the entire portfolio to a pension fund(for crying out loud), and call me a big short nerd but does not this sound kinda familiar to all of it?? + +The only incentive they have is to have AAA performing assets at the top which they show the funds, and the only job they have after that is getting to 23k as fast as fucking possible to get it off their hands and collect a hefty bonus. Once that thing is sold, it is now 100% the pension fund that holds the risk of the entire portfolio, and they buy a mansion in Marbella or whatever and chill out there with their billion-dollar bonus. + +&#x200B; + +TL:DR + +* They are not doing anything illegal, nor pushing buyers of the markets but they are crooks as far as I'm concerned +* They have absolutely 0 interest in ethics +* They do NOT think any significant drops are going to come in southern Europe over the next year, and have no plans on reducing rent if it happens because of "inflation":) +* They assume no risk on their portfolio worth $40bn because insurance covers all bad debt +* Their goal is to sell it to some poor pension fund once they reach their goal and transfer all the risk to the pension fund. +* 2008 is ringing the bells in my ears, the economy is going to shits, and housing is coming with it as well. and GME holders are probably going to get the blame for all of it + +&#x200B; + +English is not my first language, so any spelling mistakes, please be nice. + +Thanks for reading +I always see posts about what people try and save on so let's see the opposite. + +For me, there's two main things: + +1: anything that goes between me and the ground (bed, shoes, office chair, tires, etc) + +2: food. I couldn't imagine living off lentils or even the same meal for anything more than 3 days. +This is what the media says when Bitcoin falls below 10k, up 10x year on year. They will say it again when it falls under 20k after hitting 30. The same will go for Eth when they finally catch on.... + +Then they will realise they've said the bubble has burst before, they can't keep saying it. The public will realise too. Then they will catch on that this technology is changing the world and theu have been wrong time and time again. + +I say this as someone who works in the media. I haven't bothered trying to change opinions of my colleagues because they'll just assume I'm an idiot, I'm happy to quietly be getting rich. +Who was pulling the strings on multiple brokers to ban clients from buying $GME and causing panic selling as well as margin liquidations? By locking out investors, brokers took away the bid for the stock. The market makers then orchestrated a drop of 371 points, 77% with ONLY 8 million shares traded triggering multiple trading halts. It was brutal, especially, when GME only moved 10-20 points on similar volume on previous trading days. A full comprehensive investigation is necessary. Also investigators must take a close look at what happened to the options during that time. These criminals should rot in jail. + +Edit: This video shows how they brought $GME down 371 points (77%) and also how they brought down the $GME options. It’s a must see. [https://youtu.be/YKNIf2PHvf4](https://youtu.be/YKNIf2PHvf4) +It is inevitable that earnings tomorrow will be above expectations. + +There is also a possibility that something exciting will be announced. + +Today there was a behemoth size liquidation of crypto currencies. + +There was also (rightfully) a massive amount of tit jacking. Unfortunately, I no longer have sensory function in my tits from being perma-jacked since January. However, I can still visualize them. They are jacked as fuck thanks to all the content here keeping them inflated. + +But let’s be realistic. They are ready to tank the price, or keep it trading sideways. And they most likely will. + +One day they will run out of money. One day this thing will take off. + +It costs nothing to hold. + +Thankseveryoke for making this waiting game fun. +**Preamble:** I suppose all of us have come across an analyst report while doing DD on a stock. Most of the reports that are freely available to the average investor are either dated or limited in access (we only have the buy/sell ratings and not the deep dive on the stock). According to [this](https://www.bloomberg.com/professional/blog/put-price-investment-research-2/) Bloomberg report, Goldman Sachs charges $30K for access to its basic research, JP Morgan $10K per report, and Barclays charging up to $455K for its equity research package. + +What I wanted to know was if you actually pay for the reports and then follow their recommendations, would you be able to beat the market in the long run? Surprisingly, there were no trackers following the performance of analyst picks over the long term and I decided to build one. + +**Where is the data from:** Yahoo Finance. I used yfinance API to pull all the analyst recommendations made from 2011 for S&P500 companies. While this is in no way a complete list of recommendations, I felt that the data I had was deep enough for the analysis. Both Bloomberg and Quandl provide richer data but costs more than $20K for their subscription and also won’t allow you to share the recommendations with the public. (I have shared all the recommendations and my analysis in an Excel Sheet at the end) + +**Analysis:** There were a total of 66,516 recommendations made by analysts over the last 10 years for S&P500 companies. Following is the split of recommendations. + +|Rating |\# of records |% of total | +|:-|:-|:-| +|Buy|35,158|52.9%| +|Hold|27,033|40.6%| +|Sell|4,041|6.1%| +|Others (Cautious, Speculative etc.)|284|0.4%| + + For the three sets, I calculated the stock price change across four periods. + +a. One week after recommendation + +b. One month after recommendation + +c. One quarter after recommendation + +I benchmarked the change against S&P500 and also checked what percentage of recommendations increased in value compared to the benchmark. I limited my time horizon to one quarter since analysts usually create reports every quarter and I did not want to overlap different recommendations. Finally, I also checked which banks made the best recommendations over the last decade. + +**Results:** + +**Performance of Buy Recommendations** + +|Avg Change in Price|Stock|SPY|Change over SPY| +|:-|:-|:-|:-| +|One Week|0.5%|0.3%|\+40.7%| +|One Month|1.7%|1.4%|\+23.2%| +|One Quarter|4.9%|4.0%|\+22.8%| + + Out of the 35K buy recommendations made by the analysts, the average increase in stock price across the time periods were better than the SPY benchmark with one week returns bettering SPY by more than 40%. Adding to this, I also benchmarked the percentage of times analyst made the call and the stock price went up vs the SP500 index. + +**Performance of Sell Recommendations:** + +|Avg Change in Price|Stock|SPY|Change over SPY| +|:-|:-|:-|:-| +|One Week|0.3%|0.3%|\-7.3%| +|One Month|1.8%|1.5%|\+17.1%| +|One Quarter|5.4%|4.0%|\+36.0%| + +Sell recommendations given by analysts definitely have a short-term impact on the stock price. As we can see from the chart, the one-week performance of stocks that were recommended as a sell was lower than that of the benchmark. But this trend does not hold over the long term with stocks having sell recommendations significantly outperforming the market over the time period of more than one month. Another thing to note here is that on average even after the sell recommendation, the stock price did not fall. (ie, the returns were not negative) + + **Which investment banks made the best recommendations?:** + +you can find the chart [here](https://www.reddit.com/r/dataisbeautiful/comments/mznidl/oc_i_analyzed_66000_buy_and_sell_recommendations/) + +I analyzed the returns of the recommendations made by different banks. The most number of recommendations were made by Morgan Stanley with them making more than 2300 recommendations in the last 10 years. From the above chart, you can see that overall, the best returns were made by Barclays with their recommendations beating SP500 by more than 125% in one-week gains and more than 30% in quarterly gains. + +**How much money should you be managing to profitably buy analyst reports?** + +I did a rough calculation on the amount of assets you need to be managing to make sense for actually paying for the reports. From the above analysis, we could see that the analyst reports beat the market by 23%, and on average full access to analyst reports of a bank will set you back by $500K per year. Putting in the above numbers, you need to have a whopping $19MM of assets under management just to break even. Going on a conservative side, to comfortably make profits and not to have the analyst report fee considerably impact your returns, you should be managing at least $100MM. + +**Limitations of analysis:** + +The above analysis is far from perfect and has multiple limitations. First, this is not the full list of recommendations made by these companies and are just the ones that were updated on Yahoo Finance. I also could not get any information on price targets made by the analysts to supplement my analysis. Finally, even though this analysis covers the last 10 years, it had been predominantly a bull run and this can bias the results in favor of the banks. This aspect could also be seen by observing how poorly the sell recommendations made by the banks faired. + +**Conclusion:** + +I started the analysis skeptical of the returns generated by recommendations made by analysts. There has been a lot of rumors and speculations about whether analysts have access to information the public doesn’t. Whatever the case may be, the above analysis shows that if you have access to the analyst reports, you definitely can beat the market over the long run. Whether it's financially viable or not to access the reports depends on the amount of asset you have under management, in this case at least $100MM! + +Excel Sheet link containing all the recommendations and more detailed analysis: [here](https://drive.google.com/file/d/19Hd6xU4B4p0PmlpV3JULmChU1JQTVkOR/view?usp=sharing) + +*Disclaimer: I am not a financial advisor and in no way related to any investment banks showcased above.* +I think gold is falling to the nuclear trampoline people ! + +I would start with determining what is a sensible floor price for gold + +The average all in mining costs for gold globally are $987 an ounce in 2020 (source [spglobal.com](https://spglobal.com/)) + +Widely talked about, there was a Big Print of new money and more debt in 2020, with a 2nd mass stimulus on the way. The Mises Institute reported a record setting 38.6% year over year money supply growth (source [mises.org](https://mises.org/)) as of January 2021. Quite inflationary when one considers this supply growth is normally -0.5 to +2%. + +But now we have a second stimulus, with no Mises report yet on what happens 6 months from now with this $1.9 Tril. I will take a shot at it assuming that money is also not coming from a budgeted tax base. + +The M2 money supply is now $19395 billion (source [tradingeconomics.com](https://tradingeconomics.com/)). $1.9 Tril is 1900 bil. + +1.386 x ( 1900 + 19395) / 19395 = 1.5218 + +So this is a double stimulus giant 52.2% increase in money supply in a short time (year plus some weeks). Stimulus has been done before but never to this scale. + +This would redefine gold to be fundamentally higher across people's value systems. You know the old "you can't print more gold" saying. Absorbing this factor into mining costs to be higher, at $987 x 1.522 = $1,502 an ounce + +This I would argue is the absolute justifiable floor for gold going forward. + +Track gold with symbol GC00 (number zeros, not capital letter O's) is about $1700 an ounce as of 3/6/21. + +So we are 1700/1502 = 1.132 so only 13% above this floor + +Contrast with silver, which has all in cost of $12.8 an ounce in 2020. Silver at kitco is $25.22 3/6/21, so using the same logic 25.22 / (12.8 x 1.522) = 1.29 or 29% above this floor. + +In Feb 2020 we were right before the Big Print(s) and gold was trading at $1650 an ounce. If the same "I want it" vs "I don't want it" balance returns, this would set gold to + +$1650 x 1.522 = $2,511 an ounce + +After a big stimulus, gold has historically decoupled from bond effects for a while, going higher. See 2009 to 2010 history. + +Back to now. Indeed gold shot to $2000 an ounce ish after the first stimulus by August 2020. + +Oil is priced higher again, clearly an upward push on inflation as well. + +I am not a total precious metals fan across the board. Palladium is used primarily for the catalytic convertors of gasoline powered cars, and so with the rise of EVs that metal doesn't have a future with me personally. + +But look at what gold is used for. 78% of gold is used in jewelry (source [goldprice.com](https://goldprice.com/)). COVID-19 has put barriers in front of young people of marriage age forming relationships. According to [greenvillebusinessmag.com](https://greenvillebusinessmag.com/), 63% of couples have delayed their weddings. A lot of times you shop for the ring first before you plan the wedding, but that is the USA practice. The issue is global. The main point is the delay in relationship formation is a force ahead in time of gold ring buying (or any jewelry for that matter). + +So in summary you have a case for a $2,511 price due to record stimulus alone and are adding a huge backlog to the demand onto that. There are people out there saying "Gold is safety, and I don't need safety right now". Understood. However, you take the fact that gold is down in price and the tendency to break from the hold of bond's influence just after a stimulus and I would argue that you have a hell of a setup for gold to go up from this point ! + +Thanks for reading ! +I know I’ve heard time in the market beats timing the market, but would it be risky/foolish to just open an account (let’s say with vanguard) and put 100k into VTSAX right now? +Or would I be better off contributing in 10k increments over a few months? + +What would you advise? +I have foolishly let too much of my money sit in my HYSA and I’d like to put it to work asap. + +Thanks for any insight or advice you can share. + + +Edit: Wow, lots of mixed opinions on this. I think I'm going to proceed with the top upvoted advice: "Do 50% lump sum and DCA rest on red days. That way you don’t even feel bad about red days." +This seems like the best of both worlds. Get the money in there to do its thing ASAP (time in the market). But then DCA the other half for some peace of mind/pacing. +**In this post we are going to go through an in-depth analysis of Google, we are going to take a look at their fundamental value, their DCF, do a little technical analysis and set some price targets for the near future and for the long term** + +**\~Very Long Post\~ \[Don't Read Unless You Like DD\]** + +Hello everyone! Let’s start by talking a little about [Alphabet](https://ibb.co/NC5sqGv), they are one of the biggest companies in the world that generates most of their revenues and income from online advertising services provided through their platforms like Google Search & YouTube while also expanding into multiple other businesses like cloud services and autonomous driving technology through their venture Waymo. + +The company was founded during the dot com bubble in 1998 and has more than 130K employees, with the company performing quite well in the past year gaining more than 30%. + +I believe Google will continue to [grow](https://ibb.co/S6x0XHc) as their cloud platform will remain one of the biggest in the world, while also continuing to innovate and develop other emerging businesses that might turn out successful in the long-term, while their main competition is Baidu & Bing for the search engine, but their market share is still completely dominant, as they also compete with social networks & online retailers for advertising placements. + +**So, guys, let’s go a little through the 4th quarter & yearly results for Google.** + +Google smashed [earnings](https://ibb.co/4jSwJVr) expectations for the 4th quarter with a beat of more than $6 on EPS and $4B in total revenues. + +The company [reported](https://ibb.co/T24JLqY) a revenue of almost $57B in the 4th quarter while generating revenues of over $182B in 2020, representing a 12% increase over 2019 as they operating income also grew to over $40B for the first time despite a very slow start to the year through the first 2 quarters as their ad revenues were crushed due to the lack of travel & other leisure industries as those are some of the biggest advertiser income streams for them. + +The company sustained a significant growth rate in the past year in their 2 major income segments, with their services business which grew by 11%, and the cloud services which also more than doubled their revenues, but the cloud services is still losing money as they keep investing into expanding their services to compete with the other major cloud players like Amazon, Microsoft & Alibaba. + +The [company](https://ibb.co/Cmpx7vs) has also started this quarter to report their google cloud results separately to give a more detailed view on how the company is performing, as we can now see how the company has managed to increase their revenues streams and how big the YouTube Ads revenues have become for them as those increased by 30% in the last year. Meanwhile the revenues from Google Search also rose by 6% and the Cloud Segment spiked by 46%, as they also have a big backlog in this segment. + +So [overall](https://ibb.co/r4p6F1Z), the company has managed to increase their revenues in constant currency by 14% in the past year while also improving their operating margin by 2%. + +Google has managed to keep growing and improving their business operation through major capital expenditures that have accounted for over $22B in 2020. I believe the big spending on capex is really needed, as the competition in the cloud segment in really heating up, so I like companies that keep reinvesting into themselves, as they have also spent over $27B on [R&D](https://ibb.co/S0fQHM1) in 2020, as they keep investing into most of their products and adding new ones in the pipeline. + +Also, for the projections of the DCF it’s important to [NOTE](https://ibb.co/vxtbZcZ) that they had over $13B in Depreciation & Amortization in 2020, with this number growing between 15-30% in the past 2 years so I while use a 15% increase for the DCF to be safe. The other big number that is important is their overall capex spending, which has gone down in the past 3 years, but as things might ramp up again as they mentioned in their earnings call, I will continue to grow this spending by 2.5%/year expecting things to normalize after the company went for a safer approach in 2020. + +[Alphabet](https://ibb.co/7GQTZS6) also managed to increase their earnings before interest & tax or EBIT which stood at over $41B while also buying back 1.6% of their total shares in the past year, as they continued buyback [programs](https://ibb.co/c8LKM1g) in the 4th quarter of 2020, buying back over 4.7M shares in just the last 3 months, thus continuing to reward their shareholders even more. + +There are a couple of negative outlooks for the company though, as their [effective](https://ibb.co/7vGjYwW) tax rate has increased in the past years, and this might continue to go higher depending on future tax reforms so I will take into account some small raises in the tax rate. + +The next problem is the regulatory pressure which can be another bump in the road for Google, but I mostly expect things to drag along and may eventually end with something similar to what happened to Microsoft. Even If they somehow end up breaking their businesses, I think we can see the Cloud business trading at insane P/Es which would increase the actual value of the resulting stocks, while the search engine and YouTube will remain very powerful even without the contracts with OEMs, which would result in better margins and less operating expenses, as most people would still turn to Google for their searches and videos. + +The final problem for Google is the privacy issues, but it seems they have found a way to substitute the traditional cookie technology with a new software interface called Federated Learning of Cohorts or [FLOC](https://ibb.co/BC25Cx7). + +This technology seems to have at least 95% of the same power of conversion per dollar compared to cookies which would be a huge boost to their privacy issues concerns and will help them maintain their dominance in the online ad’s world. + +But this isn’t the only technology Alphabet is trying to develop, they still have other proposals in works as well, which might come in even better, so we will have to wait and see what they go with. + +Meanwhile, Google also offered some [guidance](https://ibb.co/NKwgyH2) for 2021 as they expect easy comps in the first half of 2021, while they are planning to ramp up the pace of investments this year. + +They also expect to keep investing in cloud segment as their [backlog](https://ibb.co/Ks6TNWq) which stands at $30B is mostly attributable to the cloud segment, as Alphabet will continue to focus on long-term growth that will benefit them in the long run as operating results & margins go. + +For the price targets, I have made some predictions based on the growth rate of the company, the latest plans announced by them and used some estimates and expectations. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research and so on… + +**So, let’s start with the discounted free cash flow** [**PROJECTIONS**](https://ibb.co/Krs1NQP) **to see what the current valuation of the company is.** + +I used their total revenues projections that we will discuss later in the long-term projection, and the net income for 2020, to which I added back the Depreciation & Amortization costs they had in 2020 and got to an EBITDA of almost $55B + +For the next years I used a small increase in EBIT margin which I think they can achieve pretty easy and also applied a 10% decrease in their net working capital. + +I increased the capex spending and their D&A as I previously mentioned, so, for an 8% discount rate, which is pretty much the average SP500 return in the past decades and is what I like to use as a discount rate, given the current low interest rates, we get almost $190B Discounted Free Cash Flows by 2025. + +Now there are 2 methods of doing the valuation, either the perpetuity method or the EBITDA multiple method, but for both of them we do have to subtract or add the net assets or debt of the company, which in this case stand at a net $200B in assets. I personally think a use of the average is better suited for most companies, though most of the companies trade largely on the EBITDA approach. + +If we do use the growth approach, we can see that GOOG is slightly overvalued right now, as this implies a loss of about 6%. + +On the other hand, a good EBITDA multiple for the company I think is about 20, as the stock currently trades over this multiple, but for safety reasons, I think 20 is pretty reasonable. + +And given this multiple & approach we get a valuation of over $2700, meaning an almost 30% undervaluation of the company. + +But as I said, I think a use of the average is best, so, my current price target for Alphabet in 2021 is $2326, implying a 12.6% return from the last price. + +**Guys, next let’s move on to a longer-term valuation of the company based on the growth projections I have for Google.** + +For my [**PROJECTIONS**](https://ibb.co/W0Lp2W8) I actually just used their full year results and implied different growth rates for each revenue stream. + +I think we can continue to see 50% growth rate in the Cloud segment for 2021 as businesses keep needing cloud services more & more, and then implying a gradual slowing of their growth rate. + +For the Google Services (which include Search, YouTube & other revenue streams) I implied a 12% growth, just above last years, as YouTube keeps booming and the leisure industry advertising will slowly come back. But, for reasonable purposes I also implied a gradual slowdown of this trend by 1% each year. + +I believe these growth implications are pretty reasonable giving the high market share in the search segment and the demand for cloud services platforms. + +The 2 other revenues streams which are Other Bets & Hedging I pretty much left unchanged as they don’t really have that big implications on the final number, but I did add a small amount of growth in both of them. + +For their cost of sales, I started from the current ones and maintained them for 3 of their segments, while for the Google Cloud cost of sales I implied a gradual improvement of about 14%/year. So, I am implying they reach profitability by 2024 and reach somewhat of an AWS type of profitability by 2025. + +Guys, if we add all of these up, it means for 2025 we would get over $334B in revenues and $237B in expenses, resulting in a gross profit of almost $97B. + +I also [maintained](https://ibb.co/kJxShSy) the same capex as in the DCF while for the interest income & other incomes which stood at [almost](https://ibb.co/McsjHKg) $7B this year I implied small annual growths, thus leading us to a $75.4B in earnings before tax. + +I also slightly [increased](https://ibb.co/rHNCn0d) their 16.3% effective tax rate to about 17.5% by 2025 in order to somewhat account for possible tax changes in the future and also accounted for some share buyback programs of about 1% each year. + +So, for the $62B in 2025 revenues after tax and accounting for 653M shares, that would mean a $95.25 earnings/share, meaning the [stock](https://ibb.co/9WhyfHq) is trading at almost 22 times forward price to earnings for 2025. + +Guys, for my personal projections I like to use Forward/PE valuations & multiples, so, with the current projected PE and depending on what PE you assume for the stock between 25 and 40, the stock can trade between $2381 and $3810. + +**After all these estimates what are my price targets?** + +[HERE](https://ibb.co/YTpSyrH) are my actual price targets… I think the 2025 bear case price we can see Google trade at is $2619 which would imply a return of 26.7%, while my base case and my pretty safe assumption is that Google will trade at 3095$/share by the end of 2025, implying an almost 50% return on the current price. + +My most bullish case though, would see the company trading at $3572, which would imply a return of over 72%. + +So yeah guys, these are my Overall price [**TARGETS**](https://ibb.co/VMZ08G3) for 2025, my bear case is an average of the 25 & 30 PE ratio, while the normal case is the average between the 30 and 35 PE’s with the most bullish case valuing the company between a PE of 35-40. + +And also, [**HERE**](https://docs.google.com/spreadsheets/d/1ITsvZ6ji1l4VmQRgNNA8jlITsCiGupCBy_WAPezrn1Q) is the full spreadsheet that I have projected for Alphabet by 2025, if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion. + +I think these are pretty reasonable targets, as the cloud services will continue to boom in the next decades, while they will also benefit from an increased reach for their search engine and booming YouTube platform as more people are getting internet access each day, and we shouldn’t forget that they might have even more great products in the pipeline with interesting names like Waymo. + +Alphabet also has very good [financials](https://ibb.co/vL0VccC), with almost $320B in assets vs just $97B in total liabilities, which can be easily paid by the current $137B in cash, cash equivalents & marketable securities. + +I also like to take a look at what the estimates are from the other analysts, and in this case, we can see an average EPS [estimate](https://ibb.co/NYdX76f) by 2025 of $117, which is way higher than my $95 EPS estimates. + +The analysts also expect over $370B in total [revenues](https://ibb.co/m0sMt0t) on average, which is also more than $35B ahead of where my targets are pointing, so, I think it’s safe to say I have been pretty conservative & reasonable with the growth expectations for the company. + +**You are probably wondering, what do I expect in the next couple of days, weeks and months for GOOGLE?** + +Let’s start by taking a look at this [CHART](https://ibb.co/RcJL7DK), we can see that Google was trading in an increasingly tighter wedge formation since the September lows. Right now, after smashing the earnings report the company has re-entered overbought territory with an RSI of over 70, which we haven’t seen since the big September sell-off. This breakout from this wedge formation came on the back of massive volumes for the stock, so I believe we can see the overbought conditions push the stock lower in the near-term before eventually going back even higher as I expect with my $2326 prediction for the end of the year. + +I also think the $1920 to $1935 range can act as future support after it was a good resistance point for the stock. + +But, let’s also take a quick look at what 44 analysts on Wall Street are [saying](https://ibb.co/ZLyzp7h). They are mostly very bullish on the stock with an average price target of $2171 and a high price target of $2610. So, guys, I think the analyst still have some catching up to do with upgrades to the stock after the recent earnings report. + +**Are you asking yourself, what would I do?** Well, I own GOOG stock (2% of my portfolio) and I believe it still has plenty of room to [grow](https://ibb.co/P94CRLp), so I would start building a position if the stock drops under $2000 and especially buy more if it goes to the previous resistance levels between $1920 and $1935. + +I also believe that the big % of their shares held by [institutions](https://ibb.co/rw4kX8w), with over 72% of the float being held by big funds like Vanguard & Blackrock does significantly reduce the sell-off possibilities and increase the support levels power. + +So, these are my projections and my expectations for the company, I think Google has a terrific future ahead, with their market [share](https://ibb.co/WGNF2dP) of engine search worldwide crushing the competition and the hole digital ad spending worldwide [forecasted](https://ibb.co/zFdsN0s) to continue to grow and take share of the total ad spending worldwide. + +I believe Google will remain one of the best companies in the world while also being a good catch-up play to the other big tech names, as Google has underperformed [compared](https://ibb.co/4FDfJZz) to most of the other big names with the exception of Facebook. + +**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! +Consorcio Ara is a home construction company in Mexico that is partially vertically integrated with cement factories. They also own relatively small commercial center division where they own and lease the spaces. They have 30.2 million square meters of undervalued land reserves and this is their largest asset. They build over 6,500 houses a year at a price of \~50k USD a pop. Their customers mostly finance through government housing programs but on the higher segments banks are used. + +**The Elevator Pitch** + +The company is currently trading a 0.3 price to tangible book value and a PE of 7, while paying a 4.5% dividend yield. Book value is basically cash and land minus debt. They have roughly equal weighting in revenues coming from low income, medium income and high income housing. Market cap is $212 Million USD, Sales are $329 million USD. + +**A survivor** + +The company has been profitable for every single one of the last 20 years, probably more but that is as far as the historical data I have found. They have survived the mexican currency devaluation crisis of 1995 (50% inflation), 2008 global financial crisis and lately the 2013 (debt crisis which took down 5 of the 6 largest home builders in Mexico). From all of this crisis they have become stronger and acquired land opportunistically while other home builders where bankrupt. The land is paid off and debt is used as working capital. Their strategy is focused on cashflow generation over expansion. They generally stay focused on areas of México that they know well and they can yield the highest returns. + +**More Land than Market Cap** + +The land is reported on the financial statement as the price paid for it, but this is probably undervalued when compared to real market value. + +30% of their territorial land reserves are located in the valley of Mexico, aka, around Mexico City, where 30% of the population lives and 50% of Mexico’s GDP is generated and 28% in Quintana Roo (The state where Cancun is) which benefits greatly from the tourism industry and where real estate prices are growing rapidly. + +Based on their current reported value, they paid $6.70 per square meter. I can assure you that you will not find anything below 7.5 USD per sqm in this valley and their land is of residential and commercial zoning, not agricultural, which means we are probably looking at market prices conservatively of 10-15 USD per square meter. In Quintana Roo they are probably higher. The rest of the land is throughout the rest of the country with presence in 22 of the 32 states. + +The land they acquire usually takes about 10 years or more to develop, so perhaps we could be talking about $20-$30 per square meter. Assuming its 10 dollars per sqm, which seems to be a very conservative number, this would imply around $300 million dollars of land value, about 90 million over their market cap. In case of liquidation, which is unlikely, current assets, even discounting inventories at 50% could pay off the debt, and then you would still have $300 million of land and $100 million for fun money. So $400 million in cash and hard assets for the $200 million you paid in market cap. Then again, this are conservative numbers. Talk about buying a dollar for 50 cents. + +**Financial Situation** + +They have 166 million in cash and 350 million in debt that is rate capped, so even if there is a high inflationary environment and higher interest rates, they have insurance that covers most of the debt. Which by the way they have been aggresively reducing. Interest payments hover between 10 and 20% of operating income. In general the business seems healthy. I would not expect much growth from this one though. + +**Market and Country Risk** + +There is a lot of mexicans and there is not enough houses. The government estimates 30% more construction is required to keep up with demand. This is especially true since the biggest home builders in the country are still recovering from the debt crisis in the sector. I do not expect Consorcio ARA to have any problems with demand for the forseable future. Mexico is enjoying a demographic boom as the largest generation in history is now becoming home owners. + +Currency risk could be an issue but the central bank of Mexico actually increased rates ahead of the curve and the mexican peso has been stable against the dollar for the last 8 years. The mexican government did not provide any significant support during the covid crisis and government spending actually got reduced. + +From a political perspective, the current government is pretty weird. Fiscally they are quite conservative, socially too or perhaps ambiguous is the right word, but they are considered from the left. Corruption is widespread as it always has been and safety is a huge concern. Nonetheless, is a relatively stable country that enjoys economic stability and a high untapped potential for growth. The only party, besides the ruling party, who has a shot at winning the next elections (2 years) is also fiscally conservative and right leaning. In any case, it is safe to assume that low and medium income houses will still be on demand and real estate prices in Mexico have a tendency to follow closely the dollar. + +**Valuation** + +My DCF is based on a 0% expected growth for the next 10 years, with a terminal multiple of 10. Discount rate is at 10% considering this company is located in México. Some may consider it low, but this is where I am from, I know the country, I know the company and their product. I feel comfortable with 10%. This yields an intrinsic value of 34 cents implying a discount of 49% from their current price of 17 cents. + +**To the Reader** + +My write-ups are becoming a bit longer, sorry for that. I welcome and appreciate your thoughtful and insightful criticism, I always learn lots and hope you too. Thanks for reading. +I believe that that discovery inc stock presents unique value that short sellers and investors have overlooked. +The crux of this write-up hinges on the spinoff and merger with Warner Media, but first I will talk about Discovery inc as a company right now as it stands. +Currently they seem to be reasonably priced, trading at a PE of 16. +If discovery was just a cable company only relying on traditional advertisement income from their channels I would understand, but his is far from the case. +At the beginning of the year they have launched discovery+, a direct to consumer video streaming service. +The majority of the content on the platformed is owned by the company themselves, so they do not have to pay licensing fees to other companies, or face the risk of their most popular shows being taken down. +The content on discovery+ is unique in that it offers mostly unscripted shows like names from HGTV, Discovery Channel, TLC, Animal Planet, Travel Channel, Lifetime ect... Since launch at the begging of this year they have gained about 18 million subscribers, as a cheap streaming service charging only a few dollars a month. + + +One risk is that as soon the company merges with Warner Media, it will be in a considerable amount of debt, but management has set goals of repaying most of it quickly. It is estimated to start at 5x leverage, but within 2 years take it to 3x, than long term be at 2.5-3x. +Although, there is a lot of competition in the streaming industry, the new company can quickly build a competitive edge with popular shows like Sopranos, Game of thrones, looney tunes, lord of the rings, ect... + +The obvious catalyst is the merger with Warner Media Shareholders in Discovery will receive 29% of the new company sometime in mid 2022 when the deal is expected to close. +By buying Discovery now, whilst it is trading cheap, when the merger completes, the new company will do very well, and its stock price will reflect that. +The new company can compete with services like Disney plus and Netflix, because of its large and recognizable content library. Compared to something like Netflix, the new streaming service will have scripted, non-scripted, sports, news, its a service where there's something for everyone. This catalyst is expected to take a little less than a year to play out, so patience is key if you decide to invest. +Let's say you planned and invested 10% in a stock. The stock keeps falling but you still have conviction because the fundamentals are strong. + +Should you still average down? Or keep looking for opportunities? + +Case and point: BABA +I am so torn right now between attending the Berkshire Annual Meeting for next year or to use the funds to invest in Berkshire. + +Working out expenses from Sydney to Omaha for the weekend including hotels, food and local travel is AUD 6300. My heart says go but then I think what would Charlie say and I think “Opportunity Cost”, given I can watch the meeting live from Sydney as I did in 2022. + +Any advise - would like to hear from people who have been there. Is it worth it? +Anyone, run DCFs on oil companies? I am looking for the most undervalued oil company. I plan to open a large position in DOW. I find it to be undervalued, unless the price of oil goes up, which is the feedstock for its polymer section of the business. I would like to hedge that with an undervalued oil company. + +Also, I welcome a discussion on this strategy. I have applied it to two companies in both sides of the chip industry. I have a company that should profit on the continuation of the chip shortage, and another company that will profit if the chip shortage recovers. +The median Schiller PE (https://www.multpl.com/shiller-pe) for the SP500 is about 16 whereas currently it sits around 29. + +If the market is expected to revert to the most common PE it's had in its history, that corresponds to about 2000 for the index, which is quite a way down from the current level of 3700. + +Of course if this happens over a few years you'd factor in earnings growth, but nevertheless low 2000s is the ballpark figure. + + +Realising this made me think of the quality of the businesses that I am in, as they might really need to be around and well in potentially 5-10 years for the market to recognise their value. Great businesses purchased at the heights of last year might need longer than that. + +What are your thoughts on where the market is going + +Edit: as people also pointed out, because of current inflation, the 10-year trailing earnings average used in Schiller PE is probably misleading. With December 2021 earnings, the current PE is 19, and if earnings grow, the index may be undervalued despite being around historic nominal highs. +Hey guys, + +Recently got into value investing so I'm never totally sure whether I'm valuing companies correctly or not. I recently tried valuing AMD which is a company I'd really love to buy however the "sticker price" I'm getting compared to the current stock price is night and day. I was wondering if anyone else could value the company at all so I can see whether my valuation is far off the mark? The valuation maths I'm using is: + +(1+growth rate)^10 × eps × future pe + +I got this from following New Money's valuation technique but just swapped out 5 years for 10 years. + +Any help would be greatly appreciated! Thanks + +Edit: Forgot to mention that to get my sticker price I divide my result by 4 +GungHo Online Entertainment is a Japanese gaming company that has had stable free cash flow since 2016. They have a very high amount of net cash and are selling for a very low price; EV/FCF has been around 3-4 in the last couple of years. The price seems cheap to me, so the only concern I had was whether they would return that cash to shareholders. They are indeed doing so, having bought back 8,8% of shares in the last nine months. I have made a DCF in which I expect FCF to decline 2% a year for the next 7 years as a result of increasing competition. If we want a 12% return and apply a hefty margin of safety of 20%, fair value would be 25% above the current price. + +**Financials** +GungHo is a gaming company that has shown they can create hit games and decently maintain popularity of these games. The release of Puzzle & Dragons in 2012 caused a big surge in earnings, which then dropped down before stabilizing and slowly growing since 2016. Similair to a lot of Japanese companies, GungHo has a very healthy balance sheet; their net cash (115B yen - 14B yen) make up **60% of their market cap***.* As mentioned before, earnings (and FCF) have been stable since 2016. Comparing their EV of 67B yen (168B yen - 101B yen) to their financial results over the last couple of years makes for an EV/EBITDA ratio of 1.8, EV/Earnings ratio of 3.8 and EV/FCF ratio of 3.5 + +**Shareholder value** +I think it's clear that the company is selling for a cheap price. My personal biggest concern for this company was whether they would provide shareholder value. I have looked into a handful of cheap Japanese companies, and a DCF would often make it seem like the stock was a great investment. The problem would always be that the company doesn't actually provide (plenty) shareholder value; they would sit on a pile of cash yet, best case scenario, would pay a 3% dividend and not buy back any shares. So, my main focus for this company is whether they would actually provide shareholder value. To my surprise, it seems like the company absolutely does provide shareholder value. **In the trailing nine months, the company has bought back 8,8% of shares outstanding.** I don't think I've ever seen such an aggresive buyback. It's also good to note that they cancelled most of these shares immediatley after buying them back. The fact that they have bought back shares so aggressively tells me that they care about returning cash to their shareholders. + +&#x200B; + +I would be very interested to hear your opinion on this stock! +&#x200B; + +[They're coordinating marketplace FUD with cutting off funding sources](https://preview.redd.it/0s2mr8985w4a1.png?width=598&format=png&auto=webp&s=00139a9c7ae2ccea581ae499a7fedd8a28d42a4a) + +Posted about this on the bird app here: https://twitter.com/rdlowrey/status/1601236060117139456?s=20&t=H9g6FLglFD6HRa9Yvkq5bw + +I've successfully funded my Gamestop Wallet since launch using Ramp via Wells Fargo and Capital One. As of Q3 earnings date, my deposits started getting declined. + +When I called Wells Fargo to find out why, I was told that Ramp had previously been allowed because it was classified as an "in-app" purchase, but that it's now classified as "cryptocurrency" and disallowed. + +The customer service rep told me he was unable to provide any paper trail documentation on this change via email. + +Watch out, y'all, SHF are ratcheting up the FUD to come after the marketplace. So funny how it just happened to coincide with earnings and the onslaught of NFT marketplace FUD 🤔. +This is only part of the [announcement](https://blog.kraken.com/post/13215/kraken-to-distribute-over-10-million-in-aid-to-clients-impacted-by-ukraine-crisis/) - they are also donating 10 million independent from those trading fees - but I want to focus on the part mentioned in the title - I think that's an incredibly smart move. + +Personally, I am more on the "block Russians wherever possible" side - I don't like that "regular people" are being affected by that either, but it's how sanctions work and crypto exchanges doing it is really no different from other companies stopping to operate in Russia. **However:** I know that Kraken's CEO is a super-libertarian, so sure, that's not an option. I think it's the smartest thing they could have done. Even if I'm against not blocking the accounts, they can now say "but see, we are generating donations for Ukraine by doing this, do you not want us to do that?". + +I personally would handle the situation differently, but I applaud them for this move. While I ideologically often disagree with their CEO, Kraken is a great exchange. +I seriously love this community and everything you all do, first off. + + +Both of these ETF's pay a monthly dividend that, according to robinhood, comes from selling puts and collecting the premium as income. Knowing this, other than price and dividend, is there really a difference between the two other than price? + +If the difference is price, then wouldn't it make more sense (in terms of collecting dividends only, not factoring appreciation or a dividend increase) to only buy QYLD? + +According to their website, JEPI collects this income from selling puts from a variety of industries and countries (almost all of it is from the United States so...) but does that really make a difference? + +I apologize if im not too well versed. +No matter how educated you become, and no matter how hard you work, if you appear to be lower class, you will not get the good job, the promotion, the nice house for rent or for sale. + +You may be saving money cutting your own hair, and wearing reasonable clothes, but people judge you by this, and they think less of you. They judge how you talk, where you live and who your parents are. Not everyone is classist, and there will be exceptions. If it weren't for the people who saw past my class and gave me opportunities, I would still be making minimum wage. I wouldn't have my current job if I wasn't able to at least feign a higher class at the interview. I was just looking to rent a house, now that I can afford it, and I realized that none of the nice places wanted to rent to me and my working class partner. We ended up moving to a bad neighbourhood because they agreed to rent. My daughter will go to a bad school. I resent it, but at least I am aware of it now, and can work to fight it. + +I think it's time we acknowledged the role of classism in keeping the poor down. + +edit: I am impressed with all the responses. I wanted to have a discussion about this, and it worked. It has allowed me to see perspectives I hadn't immediately considered, and I always appreciate that. I hope that people reading this don't feel discouraged. I agree that we shouldn't get caught up passing for a different class, and it shouldn't have to cost a lot to be presentable. Rather than being an excuse to why we can not succeed, it should help us to temper our expectations, and be smarter about strategies for success. Not everyone will accept us all the time, but many will. Sometimes you just need to double your efforts to find the right fit, whether it be a the right job, the right mentor, or the right home. If you can figure out how to fit in with a higher class, it can be to your advantage, but if you struggle with this, please know you are not alone. +The P/E Ratio reaching above 25 is a [historically rare event](https://www.equityfriend.com/investment-charts/nifty-pe-chart-nifty-pb-chart-nifty-dividend-yield-chart.html) and right now we are about 28. + +Personally, I think this is NOT a good time for a long-term investor, NIFTY (or perhaps any major stock index in the world!) has ever sustained for long at these levels without going through a major correction or bear run shortly afterwards. What do you think? +As much as we love taking down hedge funds, we have to remember that the people who work at these funds don’t really lose much except for their jobs. Instead, it is the investors who have significant money in the funds. + +Based on Melvin Capital’s filings, some of the biggest investors in their fund were NYC government officials pension funds, which includes retirement accounts for teachers, janitors, and other regular people. Us monkeys are making a lot of money from GME and AMC but we should do it while making sure it’s only the hedge fund who are suffering, and not regular people. + +As a result, if you were one of these people who’s retirement account is at risk due to what happened with Melvin, comment below and generous monkeys can help you out. + +This is a war between the billionaire hedgies and commoner autists like us, and we should make sure that everyday people don’t become casualties. When hedge funds make money at the expense of others, they buy a new yatch. When WSB makes money by killing hedge funds, we give it back to the needy. Let’s make sure that rhetoric sticks. + +Peace out autists and keep on holding 🙌💎 +It's not as blatant as before, because now they are pretending to be apes, and getting pretty good at it with ape lingo. + +I've seen: + +Asking legitimate questions that seem like they're searching for DD, but then as you read further into their posts comments, they're just spreading FUD. + +Giving apes advice, but sending them to suspect sites and clicking on unverified links that may try to phish for ape information. + +And I'm also seeing since last night and today, price anchoring coming back into play, but at slightly higher levels, as well as advising apes to sell a few on the way up and letting the rest ride. This is NOT the way. + +... + +We've been infiltrated. + +This weekend may seem calm on the surface, but make no mistake and read between the lines.. the sleeper cells have been activated. + +The only thing we need to know is: + +Buy, HODL, Vote. +🚀💎🤲 +We have not had good applicants from Facebook. They are not qualified and typically very desperate/aggressive. Our plan is to have our Facebook listing redirect to Zillow and require a Zillow application. We’ve found the qualified applicants are only on the real estate websites. + +What’s your experience and strategy to marketing rentals? +Hi All + +For the last month or so all I've heard on radio and news is that 10000's of jobs are available on farms fruit picking as only 1/3 of the normal force is available due to COVID. Mwdia are portraying British people as not wanting or unwilling to do these jobs. My perception of it is there are plenty of people here willing to do these jobs but can't find them advertised as they are usually outsourced to European agencies. + +All these threats about the produce market collapsing and the hit our econemy is taking, but I haven't been able to find any of these jobs anywhere. + +Does anybody know where these farm picking jobs are being advertised or what agencies are delaying with it? + +I know a few people around the Oxfordshire area who are furloughed or have recently lost jobs who are desperate to get out and work + +Thanks!! +[https://www.usatoday.com/story/life/people/2019/05/31/jussie-smollett-bought-drugs-brothers-who-attacked-him/1296878001/](https://www.usatoday.com/story/life/people/2019/05/31/jussie-smollett-bought-drugs-brothers-who-attacked-him/1296878001/) + +"The report notes that Smollett used the electronic payment methods PayPal and Venmo to pay for the transactions, and that on multiple occasions, Smollett appeared to describe his payment to the brothers for the drugs as payment for "legitimate expenses" like personal training. " + +Funny how some people want to throw shade on crypto for stuff like this but then look the other way when it isn't convenient. +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! + +TREND CHANNEL TRADING + +A Strategy to Overcome PDT Rules + +@ Yeezy\_Trades + +This is a strategy I have been using for some time that has allowed me to find success while stepping away from the news cycles and endless horde of “twittersultants” that have only helped me lose more than I could ever seem to gain. This will surely draw criticism and isn’t for everyone but if you feel like you’re chasing yourself in a circle trying to grow your account and you’re going nowhere then you might give it a serious look. + +**What is the principle behind this strategy?** “Real traders try to hit singles, not home runs.” This is the easiest and most reliable way I’ve found to hit singles on a consistent basis. + +**What is the goal?** To reach $25,000.00 as quickly and safely as possible. + +**How does it work?** Using 1 min, 5 min, 15 min, and Hourly charts to track intra-day moves and identify a trending channel. + +**What type of trades are you making?** Buying daily Call / Put Options based on short-term market momentum. + +**What is a trending channel?** A trending channel is created when a particular stock bounces off intra-day trend lines created by daily highs and lows. These trends can present themselves as either horizontal or diagonal. While many believe these are psychologically created by traders and their emotions, I believe the culprit is algorithmic which is what makes this strategy more reliable than most. + +Here is an example of trending channel that developed on $SPY on 9/25/2021 which I will use as an example throughout this post. + +***SEE IMAGE 5 - Example Chart*** + +[Chart 5](https://preview.redd.it/ubmhw4kli2k61.png?width=1567&format=png&auto=webp&s=8518d01fe08d3d9077eb9df39a0d9b22014506f2) + +This trade produced a return of around 80% after going as high as 110%. As you can see, I entered a little early, as I thought the downtrend was developing. I almost stepped out as my loss encroached on 10% however as the stock reached the developing trendline it turned downward and ran for a considerable amount of time. My stop loss eventually forced me out halfway down through the move, but I was incredibly happy with the profit I made. + +As a disclaimer I would like to say that I had to go back and draw these lines in after the fact. The lines that I used to make my trade, created by Trend Spider, were much more defined and in line with the daily highs / lows. (I just do not remember exactly what they looked like at the time) + +Now let’s talk about some of the restrictions and hazards of this strategy. + +**Available Day Trades –** This is a day trading technique, and so you will need available day trades. This means that you will have a limited number of trade attempts per week. When I started with this strategy, I effectively could make three trades a week, typically M, W, F. However, you could also use all 3 day trades on the same day or some variation in thereof, it is completely up to you and your trading style. + +**FOMO – Fear of Missing Out.** I think this is probably an apparent risk to anyone who is familiar with trading, but it warrants some attention. Sometimes trends change, stocks alter their direction, they completely turn around and start moving the opposite direction. It is ok to lose 5%, 10%, even 15% if you’re willing to go that far. (My cutoff is 11%). Don’t get me wrong, it absolutely sucks to have 1 trade opportunity every 2 days and have to waste it on a loss but burning that trade and mitigating your losses is what will make you successful. Holding and watching a loss grow to 25%, 30%, 45%+ while you hope it turns around will blow up your account. I once read “If you are in a position where you are hoping your trade turns around, you’ve already lost” I agree, if you are in this situation then get out ASAP. + +**Time Consuming –** Making 3 trades a day is painfully slow in the beginning, believe me I know. However, if you’re down several thousand dollars like I was and you are of the mindset “I have to claw my way back by any means necessary” then I highly suggest you try this. If you are looking for fast money and “extra-large tendies w/ fries on the side” then this probably isn’t for you. + +**Trading deep in the Trend Channel –** These trends tend to be effective for a few hours at a time, but you must keep in mind they can change at any time. The more times that the stock bounces off a trend line the more likely it is that the next time it touches the trend line it will break out. A good rule of thumb is that if it is working on its 4th or 5th move against the trend line then it is likely to break out soon and setup a new trend, you should avoid taking a position at this point and look for a new trend to develop. Ideally, I try to enter a trade the 2nd or 3rd time it bounces off the trend line and hold until I am forced out by my stop loss or I am satisfied with my return. + +Ok, so let’s talk a little more about the setup and entry point… + +I tend to exclusively trade $SPY. I do this because I am very familiar with it and I have found that stocks are like people; they have a personality and once you get to know them you can moderately anticipate what they are likely to do next. However, like people, they will always find a way to surprise you so stay attentive. You can trade whatever stock you want just make sure you are familiar with it. + +My search for a good entry point begins the moment I wake up. At this point I begin evaluating futures, foreign markets, pre-market moves and reviewing the Economic Calendar for the day. I am looking to see if there is anything that I can use to discern market momentum for the day. + +This is important because to be successful you must trade with the market, meaning if the market is trending downward, you want to be buying Puts. If the market is trending upward, you guessed it, you want to be buying Calls. + +Be very cautious on days that important market news is being released. Most recently this would be something like the Fed speaking on rate adjustments. However, it could be any number of things. Trading on days like this is fine just be sure you wait until after the news is disseminated. You want to trade on the confirmed news and momentum, not on the speculation. + +Once I feel that I am certain of the current market direction I begin looking at the Hourly chart and reviewing the trend lines provided by Trend Spider. + +Ok so let’s go back and look at the trade I referenced earlier but a little more in depth. + +***SEE IMAGE 1 - Hourly Chart*** + +[Hourly Chart](https://preview.redd.it/jep563dji2k61.png?width=1567&format=png&auto=webp&s=7e4c4c96a5b7062ca8512f17da05ad79d4bcfd5b) + +This is the hourly chart; you can see where I’ve marked the open on 2/25. The daily news was indicative that markets were in a sell-off. Powell had the day before said no rate changes were coming but 30y bond yields were still on the rise. Investors were pulling out and there wasn’t any news on the horizon (that I knew of) that would change the market momentum. + +I then went to my 15-minute chart to start plotting an entry point. + +***SEE IMAGE 2 - 15 Minute Chart*** + +[15 Minute Chart](https://preview.redd.it/vqvhrkjqi2k61.png?width=1567&format=png&auto=webp&s=98ab6c54f860477988526656601db112a1923a92) + +As you can see, the market was already down considerably for the morning. Over 1.25 hours $SPY had given up 0.88% with no indication of stopping. The channel was comprised of two downward slopping trend lines I have drawn in on the 5-minute chart which can be found below. (You can also see the entry and exit points I have marked for reference) + +***SEE IMAGE 3 - 5 Minute Chart*** + +[5 Minute Chart](https://preview.redd.it/7yhfm5psi2k61.png?width=1567&format=png&auto=webp&s=c28700880bc275ec010df2111bc19860e7038a7d) + +Here you can see the channel as it was developing, taken from the high and the low at the open candle and matched with what Trend Spider knew to be true at that point. (Again, I had to re-draw these lines, these are very close, but the trend lines produced by Trend Spider in real time are far more accurate.) I have also marked a notable point of interest with a red line. This was a strong indicator for me as it had previously served as support moments before but now as the price was working its way down the channel it was serving as resistance. I entered the trade a little early and almost stepped out as it seemed like it was about to break out of the channel but luckily it bounced off the resistance level a final time and continued downward. + +Now to the one minute chart, this is where I keep my attention once I am in the trade. + +***SEE IMAGE 4 - 1 Minute Chart*** + +[1 Minute Chart](https://preview.redd.it/tzv76u8wi2k61.png?width=1567&format=png&auto=webp&s=95135c6a41b0a4a4f84b03ef5d1ac905ade2662a) + +You can see here it took off considerably. At this point I am glued to my desk (don’t tell my boss). I am constantly lowering my stop loss to lock in any profits. I think at the highest point it hits 110% but I actually wound up taking around 80% profit out of it. Had I held a little longer I would have made double that, but hindsight is 20/20 and you should always lock in your profits. The worst thing you can do is be up big and end up at a loss because you got greedy. + +Once I was out, I was done for the day, I moved on with my 8/5 job and waited until the next day when I had another expendable day trade. + +Alright so that is about it. It is extremely simple, very easy to follow and does not require a lot of market knowledge, capital, or risk. The only thing you need is a lot of patience and an open day trade. + +I am sure there will be a lot of criticism to the speed of this trading style but the idea is to stay in the green until you reach $25,000.00. This will work. Just be honest with yourself and do not be afraid to exit a position and burn a day trade once you see you’re at a loss. + +A final thought. You’ll see a lot of traders talk about the size of their position. “I only risk 5 or 10% of my portfolio on any trade”. Typically, they are absolutely right but if you’re working from a very small dollar amount, anything under $500 as I was when I finally worked all this out then you’re going to have to be a little riskier and put a larger portion of your portfolio on the line to buy an option. This is ok but you MUST MUST MUST exit the trade if it starts going against you. And this might seem obvious, but I’ll say it anyways, do not enter a trade unless you have a day trade to spend. If you think “Oh I know which way it’s going, there’s only 30 minutes left in the market, I’ll hold it over night and sell it in the morning.” Just go ahead and Venmo me that money because it’s already gone. The overnight swing trades will absolutely decimate your account. It is gambling, this is trading. + +One final final thing, I’ve created a new Twitter account, Yeezy\_Trades (Don’t judge me), just for the purpose of answering questions associated with this strategy and will be posting my thoughts on trending channels as they develop on $SPY. Feel free to follow me, message me, whatever you want to do. I will never ask for any money or compensation. I simply want to help people who have are having a difficult go of it and are looking for a way back into the market. + +I would say best of luck, but this isn’t luck. It’s a proven system. + +&#x200B; + +TLDR: I would just read it really. But the point is you can safely and consistently make large gains 2 / 3 times a week. These add up FAST, if you follow the system. + +UPDATE TLDR: TrendSpider is what I use to draw the trend lines that create the channel, I do not draw them myself. Yes, I know I did not just magically discover this for the first time in human history. It is just a way to help people who are in a bad situation and need a safe and effective way to get out. +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? +Hi everyone + +I’m thinking about making some big decisions about moving, but I’m feeling unsure. I think I’m just looking for a little advice, and maybe reassurance. + +Pre-pandemic, my partner and I were set to buy a flat in London. I’ve been ready for a long time, and this felt like the fresh start that I’ve been looking for. Disappointingly, my seller lost his job and was unable to buy the house that he wanted to move into. So we bunkered down as well and decided to wait before buying.  + +Well a bit like hibernating bears emerging out of our den, we’ve now got a little cub of our own, so priorities - and finances - have changed.  + +We’re now thinking of moving to Herefordshire as there’s family nearby and we love the country, but we’re also thinking Cardiff and maybe Bristol (although the market has gone crazy there!). My heart tells me that it’s still the right time to move but is this unwise?  + +Our combined annual salaries are £58k and we've managed to put aside nearly £20k, one silver lining of lockdown has been we’ve been able to save more, currently about £1k each month. Neither of us have any family money to lean on. + +My partner also used to have a ton of debt, although that’s paid off now and didn’t seem to cause us a problem when we were looking to buy pre-pandemic. + +I suppose I’m feeling really stuck, buying a home has been a long journey and I would value any advice on what we might be able to do. +I've already invested a small portion of my portfolio into mIOTA, but I was wondering. What exactly is making people so excited about this specific currency? From what I gather it is getting a demo with Microsoft and some other big corporations (which is of course exciting) and the market recently opened in China and Korea. + +I am thinking about investing more into this currency but I was wondering if anyone could explain to me why it would be such a (potentially) good long term investment. +I genuinely wonder this. Before everyone thinks ok boomer or that I'm some value investor dumping my entire net worth into BABA I'm not. I'm asking on a theoretical level. + +In the past, valuations and fundamentals have mattered because the big institutions and the average retail investor thought they mattered. Even algos, which on some level were active at the onset of the 80's were programmed and directed to sell off stock when the valuation became too absurd. + +But when I look at the Rivians and Nikolas of the world I start to think maybe they're just a symptom of the larger mentality of the market, including institutions, including the algos that are programmed by humans that have normal human biases. + +Theoretically, if the larger consensus of the market.. from institutions to retail to the programmers making algos, was that only future potential growth mattered and nothing else, wouldn't that theoretically mean that only growth and hype stocks would have growth and interest forever? + +I mean on a purely theoretical level, if we reached a point where it was a consensus by the vast majority of investors from all levels and backgrounds was that speculation and growth wins the day, wouldn't the market reflect that? + +What I mean to say is the market can be a reflection of the risk appetite of the broad spectrum of humans investing and trading in it, and if that were to slowly shift would it be possible that value stocks or old blue chips are largely forgotten forever, or have a bad return versus hype/speculation/growth moving forward? + +If no one is a Warren Buffett anymore, why would Warren Buffett-esque stocks have any market beating returns? No one would invest in them (on a level compared to hype/speculation stocks). They'd just theoretically sit there at low valuations forever paying out dividends and what not, with their only real growth being from stock buy backs. + +Just a musing I had. +For background, my previous posts are here: [First Post](https://www.reddit.com/r/fatFIRE/comments/f012lk/my_sortafatfire_journey/), [Second post](https://www.reddit.com/r/fatFIRE/comments/fq6c4y/a_sortafatfire_update_cash_is_oxygen/). + +I'm not sure if anyone cares about this, but as I stumble my way through what I'm calling "plump FIRE" (I don't feel "fat" - but I'm pleasantly plump :) ), I like to share lessons learned and progress. Feel free to ignore this if it doesn't interest you. + +Starting around February of 2019, a combination of health events and job dissatisfaction caused me to assess my (me+family) financial situation and I realized, sort of to my surprise, that I had "enough". At the time, I had about $4.5M in cash, investment, and retirement accounts plus a $2M paid off home in the SF Bay Area. With as much trepidation as joy, I pulled the plug and left my job. + +About six months ago, I posted an update from the midst of the market downturn. I learned a few things - one of which was that I was no longer comfortable with my asset allocation and that having adequate cash on hand was critical to my mental state. Since then, I've repositioned a few investments and made some changes. Not that anyone is interested, but I wanted to toss a few choices out there in the hopes that the discussion is interesting. + +**Cash Reserve** + +I keep between $20k and $60k in our checking account now (up from a few thousand I used to park there)...the idea here is that I want enough cash to ride out short term (1Q or less) turmoil. Longer-term, my goal is to have a year's worth of cash on hand. To meet this criteria, I've moved $250k into a money market type account for emergency access. This cash could be used to family living expenses (in the event of a market stumble), or for kid college needs...Or it could just sit there...I'm OK with that. + +In July, I also made what I now consider to be a rash decision...I decided to move one large ($M+) 401k into cash (well, short term bond fund - close to cash). My feeling is that we haven't come remotely close to pricing in the effects of COVID and I just wasn't comfortable so I reduced my exposure. And watched the market climb significantly since then. I'm about 50% back in now - and that account is down 5% for the year. I had opened a line of credit against a brokerage account (giving me $50k if needed), but I haven't tapped it yet and currently don't plan to. + +**Expenses** + +I paid the giant tax bill. That hurt. I'm still carrying a loan on my new car, but at sub-3%, I'm not sweating the interest. I'll pay it off once I tame the cash burn from buying house stuff. + +**Stock Concentration** + +Recall, I was (and remain) stupidly over-concentrated in a couple of tech stocks (from previous employers). My retirement accounts are generally in S&P index funds, but my taxable accounts tend to hold whatever stock my previous employers tossed my way. This might have been stupid from a concentration-of-risk perspective, but it's been quite lucrative over the past few years. + +Tech stock #1 (call it "Recent IPO, Inc")...At its peak, I held close to a million in this stock. It hasn't hit its peak in a year, though, and when the time came to pull cash together (see below), I flushed almost all of this stock. Meaning, I withdrew $400k and left $100k on the table (currently worth $80k...<sigh>). + +Tech stock #2 (old guard moneymaker)...Peak value, $2.2M. I took $500k off the table here in July and another 100k this month (September). It has remained a strong performer and current account value is $1.7M. Overall YTD, the stock is up 37%. I'm still heavily concentrated here. + +Other investments continue untouched. + +**Vacation House!** + +The day that the COVID quarantine opened up, I packed the family into a couple of cars and we headed for a monthlong AirBnB rental in the mountains. It was glorious and I finally pulled the trigger on a vacation house. I spent more than I had planned to ($600k), but I'm sooooooooo happy with the decision. It's within (long) driving distance of our main house - that was a requirement in the age of COVID (a second home does me no good if I can't get there) and is larger/newer/nicer than the main house. Fixing up, furnishing, and accessorizing the new home is crazy expensive, but I'm opening the checkbook. I want it to be a delightful refuge for us and the friends we want to share it with. + +I was really glad I jumped as quickly as I did. Prices are climbing almost daily as well heeled tech workers try to escape crowded Bay Area cities (and other places, too, I'm sure). I'm reasonably confident I could flip the house next summer for a nice gain. Hell, if I wasn't spending so much having furniture made, I'd plop a "for sale" sign in front of the place with a 25% "buy me out" bump on the price. + +Side note...I absolutely LOVED buying the property with cash. So much easier than a loan with all that paperwork. We closed in 10 days and I never touched a pencil or had to visit an office. 10/10 will definitely repeat. + +**Net Worth** + +I have (finally!) stopped staring at my net worth number several times every day. I am slowly internalizing "We have enough" and I hope I continue to feel that way. + +That being said, though, I do track the number. If I include the new home (but not my primary home), I'm at +.4% for the year. Not bad considering that I wrote the IRS a 200k check, am spending over $50k on kitting out a new residence, and haven't exactly been frugal in 2020. + +Invested assets (excluding real estate) clock in at just over $5M. Second home is worth about 10% over what I paid for it (according to Zillow and local comps). Cash sits around $300k, but fluctuates up/down by 50k. Total debt is just under $300k (200k mortgage on primary house - yah, I consider it "paid off" and just list it as a $2M asset for ease of calculations...Zillow says it's worth $2.5M, I owe $230k on it). Total NW is just under $8M. + +**Random Thoughts & Lessons Learned** + +I still have stress and anxiety when it comes to planning for the future. I feel like I should be earning a paycheck to have any value to society. I'm working on this, but it's hard to overcome. My extended family at first thought I was burned out and would return to a job...but after I bought the second home, they started looking at me differently..."Are you rich or something?" my sister asked me. She's a couple of years younger than I and has a great medical industry job - but very little savings and a couple of student loans still hanging over her. Should I be doing more to help her? I wonder. + +One of my friends retired a few months back (he was offered a non-optional early retirement buyout from his company) - that's been a nice boost socially...I have someone else around during the day that I can hang out with. Not working can be pretty lonely if your friends all have day jobs (ironically, COVID helped out here - even though my friends have jobs, they're usually working from home and have some flexibility). + +**The Future** + +I'd love to buy an airplane. Would make the second home so much easier to access. Stay tuned. + +I want to sell our place in the Bay Area and am starting to ponder how I'd pull that off (assuming the family ever got on board with the idea). I have a huge capital gain - and I want to start exploring the idea of using a 1031 exchange to go buy a multi unit property somewhere (outside of CA). That's a ways off, though. +I thought it was just my own wish to become private aircraft pilot and owner. I'm 3 months into the flying training program near to my city. + +Please do share your private jet experience, opinion and cost of ownership or rental. Creating this new post in November 2021 because I'm hoping there will be fellas here who are the first timers. Thank you 🙏 + +[https://www.cnbc.com/2021/11/26/the-rich-are-getting-richer-and-theyre-fueling-a-private-jet-boom.html](https://www.cnbc.com/2021/11/26/the-rich-are-getting-richer-and-theyre-fueling-a-private-jet-boom.html) +Listen, this may be a controversial opinion here, but, money is power. Money can buy happiness. There has not existed a single depressed rich man whose sadness can be cured by losing his money. If you are in your 20’s, make money. Seriously. Yes, I know you want to party and live the life- but once you’re in 30’s, you will have family to take care of, and 40’s, you’re too invested in one skill to change profession out of security. + +Lots of times, on r/jobs, I see post about “hey I’m making 200k a year as a butterfly flyer, but my true passion lies in paper clip literacy and have offer for 200 bucks and 2 paper clips per year: really hard choice, which should I choose?” again, yeah, I can heard your gasps “but you are supposed to follow dream! If you don’t enjoy work, don’t do it! Is a 15% raise really worth another year of company that dares to give single plyer TP?” + +I don’t subscribe to this notion. If your passion is English major but have a job in dentistry- you’re NOT MAKING A GOOD FINANCIAL DECISION BY CHANGING. Sometimes good decisions does not make us feel “good” inherently. + +I mean if you work is literally a danger to you, physically and mentally, yes, you can change. But my point is mainly really about people that “chase” their dreams. Way too many people that had 2.9 GPA applying for med school and wondering why they haven’t matched in 3 years with 300k debt in account. Do what you can in your own power lane, but also think more critically about how much sacrifice you’re willing to make to have the security deposit early in life when you have less need for it so you have much more choices later. +Hello Everyone, B\_T again! + +before we get started: I had to unpin the daily thread for this post, so here is a link to that: +[GME Daily Discussion, new to the sub? start here!](https://www.reddit.com/r/Superstonk/comments/t8l2on/gme_daily_discussion_new_to_the_sub_start_here/) + + +[Last week was a hell of a week, eh? quite a bit of attention from mainstream audiences, and a ton of hype. I know I, for one, am jacked to the tits!!](https://preview.redd.it/xst80sqvuyl81.png?width=2496&format=png&auto=webp&s=88634c84456f0dcb5dd5ffad066c735f780cbd62) + +We have a jam-packed community update for you all this time 'round, so BUCKLE UP! + +**-New Mods Joining our team** + +\-**Superstonk Discord Updates** + +**-Jon Stewart AMA** + +**-CS post sorting Solution** + +\-**Superstonk Anniversary** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# New Mods joining our team + +First on the agenda today is our mod team updates, we have two fantastic apes joining our mod team this week. They've been integrating really well with the rest of the team, and they are super hyped to be helping out with moderating the community! Say hi to [u/BadassTrader](https://www.reddit.com/u/BadassTrader/) and [u/Goldielips](https://www.reddit.com/u/Goldielips/), they've both written up a little intro for themselves so you guys can get a feel for who they are so I will pass it off to them: + +**BadassTrader** \- + +" *I’m here to Fuck Shit up... Here’s how:* + +*I am Pro Options* + +*I am Pro DRS* + +*I am Pro Options & DRS* + +*I am Pro Technical Analysis* + +*I am Pro Fundamental Analysis* + +*I am Pro TA and FA* + +*I am Pro Hype* + +*I am Pro Zen* + +*I am Pro Hype/Zen* + +*I am Pro DD* + +*I am Pro Memes* + +*I am Pro Shitposts* + +*I am Pro Education* + +*I am Pro Community* + +*I am Pro Superstonk* + +*I am Pro Ape* + +*The point being, I believe this sub is here for all of us. Regardless of what your beliefs are, what opinions you might hold, or whether you like Doritos or Cheetos, if you are Ape - You are welcome here. With that in mind, as a Mod of Superstonk my Goal is to ensure that every Ape is treated equally, and whether you are here to share knowledge, debate theories, to learn about the corrupt system we are all a part of, or just to pass time until MOASS… my belief is that this is YOUR sub.* + +*But there’s a CATCH to this…* + +*This is a BIG fucking group, with lots of varied people and opinions, with a LOT on the line and a BIG FUCKING TARGET on Wallstreet’s neck… So things can get heated, and that’s understandable. BUT… if we resort to fighting with each other, we only serve to weaken the community and we break one of the CORE foundational rules of Apekind.* + +*APE NO FIGHT APE* + +*So I am also making this my Goal.* + +*Internal fighting is NOT THE WAY - We are all here because we FUCKING LOVE GAMESTOP… and because of that, we SHOULD share a mutual respect for each other. I’ve spoken at length with the mod team, I can honestly say there is a great team here. Working with them, I hope to realize these goals and help build our community into a place that ALL APES can be proud of.* + +*THIS IS THE FUCKING WAY. "* + +**GoldieLips** \- + +*"Hi my beloved Superstonk!* + +*Some of you may know me from that infamous flair moment, but for those who don’t, I’m Goldie! Last January, I decided to purchase a few “lottery tickets” and do my part to join the fight against the broken system, not really sure what would happen next. little did I know, my whole world was about to change. GME brought me to Reddit, and soon after, yup... I was officially a believer, all in, and absolutely head over heels for the stock, the company, and of course, the community! (because I know you’re probably lurking, hi RC & DFV! love you!)* + +*I honestly couldn’t be more excited to join the mod team and do my part in helping to keep this space positive and welcoming for all apes while we await take off. I’ve been on a crusade lately to make sure all of us are doing our part with commenting on the recent SEC rule proposals, and I hope you’ll join in and voice your passion for transparency and fairness in the markets directly to where it can be the most impactful. now, back to the stock! to the moon 🚀 "* + +Thanks for joining our ranks guys, I am so pleased to have you on board! Apes, please show them some love in the comments! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Jon Stewart AMA + +^((🤯words I never thought I'd type)) + +So, most of you have probably heard already since it's pretty big news... Jon Stewart is going to be doing parallel AMAs in both Superstonk and WallStreetBets on Monday (today) **1:00pm EST (NYSE time).** This AMA will be text-based and it will take place in both our sub and the other at the same time, and Mr.Stewart will be answering questions actively in both. Please, everyone, behave yourselves, there are going to be a lot of eyes on this and its in the community's best interest to be diligent in communicating effectively. Furthermore, if we see people stirring up trouble purposefully or acting wildly inappropriately, we will take swift action. + +Bradduck\_Flyntmoore made a post announcing it that was pinned for the weekend, but in case you missed it, check it out here: + +[Jon Stewart AMA Monday, March 7th @ 10am PT/1pm ET – A Cross-Post from the bets sub is being allowed by Reddit! LFG!!! 🚀🌙](https://www.reddit.com/r/Superstonk/comments/t7009a/jon_stewart_ama_monday_march_7th_10am_pt1pm_et_a/) + +In that post Bradduck had a very good reminder that I feel bears repeating in this post as well: + +*"Despite what happened in the past, we would not be where and what we all are, individually or otherwise, if it were not for everything that happened in all the places it happened. There is a genuine opportunity here for apes to bring this information to the limelight. A genuine opportunity to get folks who aren’t dialed in to see what we have been trying to say all last year. All we have to do is ask the right questions to the right people and MAKE SOME NOIZE!* + +*That said, it’s important to remember that Jon is not a quant. He is, however, a public advocate for positive change with a loud voice and a larger audience. When formulating your comments, keep in mind we want him to continue digging, not just answering questions. Tickle his fancy and give him the ammunition he needs to keep pursuing this story."* + +We have received multiple warnings from Reddit admins making it very clear that there is to be no trolling of WallStreetBets, nor brigading of their sub. We ask that no matter what you act appropriately, we do not want this to be a bigger issue, and we don't want to give anyone ammunition against our community. **The mod team is going to be on extra high alert today and you will catch a ban if we see you causing trouble or stirring the pot. Thank you guys, sorry to have to be so strict about this.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Superstonk Discord Updates + +In case you guys missed our other community update post last week, Exo and Cheel had some updates for everyone on the Superstonk Discord Server: + +*"First off, the Superstonk Discord is* ***NOT*** *meant to replace this sub at all. It's a very different platform and much more fast-paced, which can take a bit of getting used to. Given the different platform, the mod team over there is different from this sub's, though we have a bit of overlap and work closely with them. You might even catch sight of a wild ButtFarm or a certain Sealeo...* + +*It* ***is*** *a great place to talk to other apes in the community in a live setting, discuss various topics, and share news. We've been working with a few other GME communities in the Discord side of things as well, in an effort to create a place where apes from all kinds of backgrounds and perspectives can share their passion and enthusiasm for the stock."* + +"W*e are still in the very early stages of the Discord, we've had some time to get feedback from apes, but we're not quite ready for a permanent launch to every one of the 740,000 apes here.* + +*As of now, the invitation to the Discord will be live for the next 24 hours or so, though if there's a major influx of apes we may need to close it out a bit sooner.* + +*This will only be temporary while we run through our final "lift-off" checks before we permanently open it up for anyone to join in."* + +For more info hop over to that post: + +[Community Update — Official Superstonk Discord \[BETA\]](https://reddit.com/r/Superstonk/comments/t60km6/community_update_official_superstonk_discord_beta/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Post Flair Sorting Solutions + +Our, oh so wonderful, PlatinumSparkles has been working really hard to streamline and improve some things on Superstonk, specifically on the post flair and post sorting stuff. I will pass it off to her to touch on this: + +*"We've been updating the Subreddit, and trying to make information easy to find. If you get a chance, check out the menus and the sidebar. If you have suggestions on things you'd like to see in terms of sub appearance, tag* [*u/platinumsparkles*](https://www.reddit.com/u/platinumsparkles/) *or* [*u/bah2o*](https://www.reddit.com/u/bah2o/) *and let them know.* + +*One thing that has been asked for is a way to filter out Computershare posts. This works on Old Reddit, New Reddit, and Android mobile.* + +*If you have IOS you can type this in the search bar : -flair\_text:" Computershare"* + +*Here's what it looks like on Android mobile:"* + +[Go to the about tab, and there you'll see some options in a menu titled \\"view the sub without CS](https://preview.redd.it/jd1wx0dzuyl81.png?width=1440&format=png&auto=webp&s=5a7f41ff90c775120a64a665cf84174879d9a70e) + +[then you can go ahead and sort the posts as you would, \\"Hot\\" to see the front page](https://preview.redd.it/i1a3o081vyl81.png?width=1440&format=png&auto=webp&s=080d30a8500eae289af764c90c8437daa12c8918) + +[and after you sort it, you are good to go 👍](https://preview.redd.it/hfmqdww2vyl81.png?width=1440&format=png&auto=webp&s=6ce7d496739024df83780871312d6d3b731c2145) + +Some apes have been frustrated with the CS posts, but as per the community vote a bit ago, they are here to stay. So with that said, those of you who don't want to see them, now have that option. I hope this helps! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Superstonk Anniversary 🎂🥳 + +As many of you are aware, our community cake day is fast approaching. Though the sub didn't really gain steam until April of last year, I didn't feel right letting this exciting date go uncelebrated. I've been wracking my brain trying to figure out the best way to commemorate the day... and I think I have got it. + +&#x200B; + +[Age only goes up 📈](https://preview.redd.it/0cuj3025vyl81.png?width=1451&format=png&auto=webp&s=ea49aa189a9adf08c535823096a051245a6b0534) + +# "The Superstonk Birthday Banner Bonanza" + +For some time now, we have heard calls for a new banner for the sub, people have cited all sorts of reasons for this idea, but I chose this idea largely due to the fact that our sub has grown much larger than it was when we held the original contest so we have tons of new creatives onboard who could participate. This also gives all the apes, new and old, a say in what our banner is. Lastly, it's just a good time for a refresh and what better way to engage our amazing community and celebrate our birthday together? + +So, let us get into weeds: + +The winner will obviously have their banner applied to our Subreddit and our YouTube channel, but not only that, they will get **a year of Reddit premium** and have **the right to redesign our Subreddit Avatar image** to match their newly chosen banner. + +***(The only caveat is that the redesigned avatar must still contain the community mascot- Stonkman)*** + +Contest rules: + +1. We will be accepting only the first 100 Entries +2. One entry per person +3. The image should be a PNG, no more than 10MB, and, the dimensions should roughly be 2750x500 +4. Cannot be overly NSFW +5. **Submissions from our last contest will not be accepted.** This is due to the lack of fairness between old and new apes that it would cause were we to allow old submissions. We would just hit our submission limit too quickly and many people wouldn't even get the chance to make something. + +So with that all out of the way, let's get this show on the road! Once you've created your banner, please submit it alongside your Reddit handle to this google form: + +# 🚀 [Google Form - Banner Contest Submissions](https://forms.gle/kWMxZ1DCTcCurSdK9) 🚀 + +After we have hit our limit of entries, we will update everyone on when and how voting will take place. Given the difficulties with the last contest, I will likely set it up in a round-robin fashion like the first Banner Contest. + +*I'd ask for everyone's patience with me on this contest, those of you who were around for our previous ones know that these can be a bit finicky due to the sheer size of our community* 😅\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ +ATTENTION NOOBS and VETS- I recently jumped into the Penny Stock game and it's been a wild ride. I'm not a financial advisor or expert but hear me out... + +We've seen the power of Reddit in moving stocks well, WELL, up past their actual (logical) value points only to come crashing back down again. Then they start to climb back up, and crash back down again. This has been happening over and over again. You can look at the 1-6 month charts on hundreds of penny stocks and they look almost identical. Up until 2 months ago most of these stocks were nothing and trading in the .0001-.0010 range. Now suddenly a trial stage bio-pharm company with 2 employees in NJ is trading for $1.50 a share with zero income and zero product? Huh??? + +As a group, retail investors although large and growing daily, don't have anywhere near the buying power of large hedge funds and brokerage houses. While we may be collectively buying millions of shares in a stock, one trader at a large brokerage may be buying 10's of millions or more themselves. Now multiply that by ALL of the funds and brokerages and you can easily see why we're seeing Volume in the hundreds of millions of shares being traded on a Penny stock. I say again...PENNY STOCK. + +Now you and I are hoping and praying our several hundred or several thousand dollar investment blossoms and makes us a lot of money. Sometimes we are vested in a stock but most often we just want to make some money and get out. + +However, the fund managers are sharks and are in it for the profit. Period. They have analytical tools and real time monitoring software that we could only wish to use. Not too mention they have insider information (chatter) that we could only dream of hearing. + +My point is this, when we're all rushing in to a stock...so are THEY. They are not hoping to see it go to "To the Moon" or Mars or anywhere else. They just want to make some money and get out before the dip. So if they buy 20 million shares of a stock and it goes up $1 or $1.50 or even .50...well you do the math. That's $10-30 million dollars and they dip out with their huge volume and sell which causes the price to crash leaving us little folks with often BIG losses. + +The FACT of the matter is that there is NO WAY to time the market. There are players and forces in the market that drive it in ways we can never understand. If you're playing for quick profit instead of a long haul then have a strategy. Set a price to get out that you'll be happy with. If that's $100 or $10,000 it doesn't matter because PROFIT is PROFIT. Wouldn't you rather make a $1 a share profit than a $1 a share loss? + +Listen I don't have all the answers as I've been burned a few times already playing this game. I don't like to lose money so am sharing my painful lessons with you. Buy in, set an exit strategy, and get out and enjoy the Profit no matter how small or big. + +Think about it...it was FREE MONEY just for tapping on your mouse, keyboard, or phone screen. +Hey there! + +My fiancè and I got engaged this year. I've been getting a lot of conflicting advice about how to handle his student loans. Some people say once we are married we work together and pay them off others say they are his responsibility and not to help. Any advice? +Hi, I’m 29F and I currently have $50k in cash savings and $60k in investment mainly ETF. So far my ETF return alright. + +I want to put $30k more into my investment this month. So, I’ll have $90k investment and $20k emergency funds (1year expenses). + +But, I might need that money (and a bit more) in 2023 to buy a house with my bf and maybe throw a super simple wedding. + +Should I keep the $30k in my savings account just in case there’s market downturns or should I just invest the $30k? +Just saw the tweet with a link to this post: [https://tradingqna.com/t/what-is-the-business-model-of-coin-now-that-it-is-free-also-does-zerodha-sell-client-data-or-take-money-from-amcs/47051](https://tradingqna.com/t/what-is-the-business-model-of-coin-now-that-it-is-free-also-does-zerodha-sell-client-data-or-take-money-from-amcs/47051). + +&#x200B; + +r/[https://twitter.com/Nithin0dha/status/1042273464726376448](https://twitter.com/Nithin0dha/status/1042273464726376448) + +&#x200B; + +Can [u/Gaurav\_Kuvera](https://www.reddit.com/user/Gaurav_Kuvera) u/beingpj, Clearfunds, Piggy etc (If they are here) clarify the same? Because, free platforms taking money from AMCs is the easiest way to make some money, But that would violate the fiduciary responsibility they have towards their clients. +Netflix is suffering because of customer loss attributed to inflation of necessary goods. In India inflation is continuing unabated which might impact consumer durable sector. Therefore, it makes sense that inflation should be contained. + +Shouldn't market react positively to this interest rate hikes from Fed? Looking for alternative point of views. +Netflix is suffering because of customer loss attributed to inflation of necessary goods. In India inflation is continuing unabated which might impact consumer durable sector. Therefore, it makes sense that inflation should be contained. + +Shouldn't market react positively to this interest rate hikes from Fed? Looking for alternative point of views. +**TL;DR** +>Failures of the central bank, the government and state-run lenders in the years till 2014 sparked India’s bad loan crisis, former Reserve Bank of India (RBI) governor Urjit Patel said, while putting up a strong defence of the actions of RBI under his watch. + +[Article link](https://www.livemint.com/industry/banking/npa-mess-urjit-patel-admits-rbi-was-slow-to-take-timely-measures-1562230258788.html) +Like the title says, my mother (63), who works minimum wage on the East Coast, has no plans for retirement. Her health isn’t great and I’m trying to help plan for the day where she can no longer work. + +I make enough to not live paycheck to paycheck in a high cost area on the West Coast, and have enough wiggle room to put some money away for her. + +What all can I do? I expect that she will be living with me at some point. What types of accounts would help me and my mother when that time comes? +The next closest IPO of 2018-2019 has been Zoom Video ($ZM) which is up a mere 185% compared to Beyond Meat’s 600%. For comparison Uber ($Uber) is down 3% while Lyft ($LYFT) is down 18%. + +Beyond Meat shares jumped as much as 34% to $186.43 per share on Monday, marking an all-time high for the company that claims to be “The Future of Protein”. Shares for the company closed on Friday at $138.65. The IPO price was $25 per share. + +According to Nielsen, Beyond Meat enjoys just 2% household penetration in the United States. That suggests room to grow for some. But, whether or not the omnivorous American consumer will ditch simple beef or an ultra-processed alternative remains to be seen. + +The plant-based meat substitutes market is anticipated to reach $22.9 billion by 2023 as more suppliers enter the market, including Big Food corporations like Nestle and Tyson Foods. + +&#x200B; + +Continue Reading: https://goldsilverbitcoin.com/beyond-meat-600-percent-increase-ipo/ +I am 41, recently divorced and have received a cash settlement of $670k (this is was my equity in the house after the mortgages were discharged). It's currently sitting in a high interest savings account. + +I am currently living with my folks, pay $200 a week and have 60% care of a 7 and 4 year old. I work full time, earning $90k p/a. I have a car that is fully owned. + +I am only eligible to borrow $280k (this figure reduces with each interest rate rise, I lose $10k borrowing capacity with each 0.25% rate rise). Because of where my kids go to school, I am priced out of buying a house in that area by at least 200k, so I would have to compromise and buy a unit or townhouse on a owners corp site. I have absolutely no desire to do this, for multiple reasons. + +I am undecided on buying a house right now, or chucking the cash into an investment account (given the share market is such a shit fight). Does anyone have any thoughts or suggestions? I know I am not considering all scenarios and welcome any ideas. +Breaking major news from US Treasury OCC, the largest US banking regulator, with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system. + +[https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html](https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html) +One of my biggest fears in crypto is that the financial elite/big money will simply not allow it to progress. The fact that they control media, banking and government is probably just the tip of the iceberg. Fiat currency control is also essential to their model of maintaining power and therefore as we all know crypto is a huge threat to them. Who is to say they aren't willing to buy huge amounts of crypto (maybe even 75% of the market) only to cyclically dump on us to completely blow confidence in the market and ruin any potential future. I'd bet they wouldn't even mind taking huge losses just to ensure that crypto does not progress/catch on and to protect their power. +**Introducing...** + +🌍 SaveTheWorld 🌍, partnered with the [CEO of Trust Swap](https://twitter.com/stwtoken/status/1399108387435171852) and [Nelson Mandela's Grandson](https://twitter.com/stwtoken/status/1397255730521165824), a charity coin like no other. We're smashing records, with a total of ~$2 million donated in the first 3 weeks. + +$SAVE is our step towards making the world a better place for all, achieved through utilising the immense decentralised power of cryptocurrencies. We call it **Impact Investing**. Here's how it works: + +* A 10% tax is incurred on every transaction. + +* 2% of each transaction will be distributed amongst SaveTheWorld token holders, providing frictionless yield rewards. The remaining 8% goes to liquidity. This is where things get interesting. + +* 50% of daily generated liquidity is removed - 100% of the BNB is donated to charity and 100% of SaveTheWorld tokens are burned. We mean business. 100% to charity, nothing less. + +So, **how does this benefit you**? + +In addition to donating 50% of liquidity to charity, we've decided to incentivize you, our investor, by utilizing the other 50% of the generated liquidity to **MARKET BUY** additional Save tokens, which will then be burnt forever. + +This means that a whopping **6% of each transaction** will be gone **forever**. + + +**AN IMPORTANT EXAMPLE:** + +> On Day 2, $SAVE generated +$1 million dollars in daily liquidity. With our tokenomics, this would mean a donation of **$500,000** as well as a buy-back **AND BURN** of $500,000 dollars of $SAVE tokens. This will be massive. The first hyper deflationary charity token, with our investors interests at the forefront of our minds. + +This will reduce the token’s circulating supply even faster and help push the price up. We already have burned over one third of the supply! You help **#SaveTheWorld** while we help **#SaveYourPortfolio**. + +We have [over **$5 million** in liquidity](https://twitter.com/stwtoken/status/1394289916192956422) locked away for 100 years, and if we ever need to temporarily revert to locking away liquidity (as opposed to initiating buybacks), we can do that! + +Given the dynamism of the project and the endless number of charitable causes out there in the world (as well as the buyback incentive we've implemented), SaveTheWorld token will be able to consistently draw in new investors, both philanthropic and speculative alike. Unlike many charity tokens that use donations simply to pump marketing, we are using a Gnosis Multi-Signature Wallet to handle the donations, in a transparent way. We aim to keep the charities in question as impartial to politics as possible. There comes a time when all people must rise up beyond our differences and collaborate. For that reason, SaveTheWorld will focus on issues that are objectively important in a humanitarian and environmental sense. One World, One Love. + +**$SAVE** is the defining BSC Charity Token with serious ambitions. + +Each Phase targets a new effort. + +* Phase 1: India COVID Relief + +* Phase 2: Cancer.org + +* Phase 3 (Current): ActNow Africa + +A few more pieces of information... + +* 🏭 Supply: 1 Quadrillion total supply, hyper deflationary. 33% burnt and counting + +* 🔥🔥 OVER $1.7 MILLION in total donations in the first week 🔥🔥 + +* 34k + holders ✅ + +* 6500+ Telegram users in our amazing community ✅ + +* [Coingecko](https://www.coingecko.com/en/coins/savetheworld) and [CMC Listing](https://coinmarketcap.com/currencies/savetheworld/) ✅ +* [Audited by Solidity.Finance](https://solidity.finance/audits/SaveTheWorld/) +* Join our [Telegram](https://t.me/SaveTheWorldToken)! +* [Check out our website!](https://savetheworld.health/) +* Follow our [Twitter](https://twitter.com/stwtoken)! + +[Buy SAVE now on PancakeSwap!](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x159802fbe16aa6a0863a56a18dd41afce546c93e) +I work, work, work because a day off for me is a day lost earning money. + +I rarely take any holidays or breaks. Weekends go too fast for me because it's mainly spent doing house chores and getting ready for next week. + +The bonus is my bank account is extremely healthy and am on track to pay off my mortgage in full in my mid-30's. I am extremely savvy with my money, rarely spend it on junk, and have a good health. My dream is to own another home, my to be actual home (see posts I made in the past), and I am saving up for it. + +However the downside is I feel exhausted, full of regrets of missing out on some adventures I want to do (such as take time off and do long term travel), it stops me from 'treating myself', my relationships have broken down because the persons I date maybe feel I am too concentrated on my goals. + +I am trying to be flexible and learn to enjoy myself a bit more but this habit is so well defined that I find it hard to operate in a new way. + +I was wondering if others have had experience with this and can related, and maybe share some wise words. +repost from [https://www.reddit.com/r/Superstonk/comments/u0uemq/can\_we\_make\_a\_list\_of\_the\_companies\_that\_bcg\_has/](https://www.reddit.com/r/Superstonk/comments/u0uemq/can_we_make_a_list_of_the_companies_that_bcg_has/) + +I figure this will not only help Apes look into and compare what BCG has done at other companies to what they did, or rather failed to do at Gamestop. + +\- Taco Bell + +\- someone said they are the reason Butterfinger doesn't taste as good anymore + +[u/ammoprofit](https://www.reddit.com/u/ammoprofit/) has been doing an awesome job collecting DD on BCG [https://www.reddit.com/r/Superstonk/comments/tnjmwf/bcg\_research/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/tnjmwf/bcg_research/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +the following are all from the research under the same post, and I wanna thank all the apes that did their homework so I could copy it... [https://www.reddit.com/r/Superstonk/comments/tzx1p0/anyone\_care\_to\_play\_this\_game/?sort=top](https://www.reddit.com/r/Superstonk/comments/tzx1p0/anyone_care_to_play_this_game/?sort=top) + +\- ADT + +\- Circuit city + +\- Radioshack + +\- Rite Aid + +\- JC Penny + +\- Neiman Marcus + +\- Macy's + +\- GO GO GO + +\- Blackberry + +\- H&M + +\- Airtrans + +\- Woolworths + +\- Kohl's + +\- Ubisoft + +\- Atari + +\- FutureShop + +\- Dress for Less + +\- Nokia + +\- Shoe Carnival + +\- Ahold Delhaize(parent company of grocery chain Stop & Shop) + +\- Applebee's and IHOP (Dine Brands Global) + +\- Paypal + +\- Red Lobster + +\- Barnes & Nobel + +\- Nektar Therapeutics + +\- Marks and Spencer + +=============================== + +following few found by /[u/PmMeWifeNudesUCuck/](https://www.reddit.com/user/PmMeWifeNudesUCuck/) + +\- General Motors + +\- Pacific Gas and Electric Company + +\- CIT Group + +\- Enron (huh) + +\- Conseco + +\- MF Global + +================================ + +following few found by [/u/IEatSweetTeeth/](https://www.reddit.com/user/IEatSweetTeeth/) + +\- Quiznos, Qdoba, and Taco Del Mar + +[https://www.nrn.com/people/quiznos-parent-taps-qdoba-veteran-chief-brand-officer](https://www.nrn.com/people/quiznos-parent-taps-qdoba-veteran-chief-brand-officer) + +\- Maybe Under Armour too + +[https://www.linkedin.com/in/jason-constantino-3aa29854](https://www.linkedin.com/in/jason-constantino-3aa29854) + +\- Focus Brand group umbrella: + +Auntie Anne’s, Cinnabon, Jamba, Moe’s Southwest Grill, McAlister’s Deli, and Schlotzsky’s + +Added a BCG guy to their board of directors + +[https://www.focusbrands.com/focus-brands-announces-new-addition-to-board-of-directors/](https://www.focusbrands.com/focus-brands-announces-new-addition-to-board-of-directors/) + +Maybe they have a thing for chipotles competitors… + +\- Noodles and company + +================================ + +another Ape , /[u/frickdom/](https://www.reddit.com/user/frickdom/) made this list...yes, it has duplicates to this list, but I want to preserve the list they made... + +GameStop, + +Bed Bath and Beyond, + +Sears, + +Tacobell, + +Rite Aid, + +Boeing, + +Circuit City, + +Radio Shack, + +Lehman Brothers, + +Spectrum, + +Kroger’s, + +Ascena, + +Ann Taylor, + +Neiman Marcus, + +JC Pennys, + +ADT + +,KB Toys, + +Toys R Us, + +eToys, + +USPS, + +K-mart, + +Ames, + +AFM, + +KLM Air France, + +Enron, + +Blockbuster, + +MF Global + +,24hour fitness, + +Red lobster, + +Tim Hortons, + +Barnes and noble, + +Lululemon, + +UPS, + +Pfizer, + +Johnson and Johnson, + +Moderna(?), + +Amazon, + +Walmart, + +McDonald’s, + +Disney. + +============================ + +[/u/Aenrichus/](https://www.reddit.com/user/Aenrichus/) said Kodak, Chrysler, and General Motors + +They had a hand in ruining Kodak despite them inventing the first digital camera. + +[https://www.linkedin.com/pulse/unsuccessful-crisis-leadership-tragic-downfall-kodak-eric-flamholtz](https://www.linkedin.com/pulse/unsuccessful-crisis-leadership-tragic-downfall-kodak-eric-flamholtz) + +[https://adamhartung.com/tag/kodak/page/4/](https://adamhartung.com/tag/kodak/page/4/) + +[https://europe.autonews.com/article/20090414/ANE/304149975/treasury-pays-firm-7-million-to-assist-on-gm-chrysler-plans](https://europe.autonews.com/article/20090414/ANE/304149975/treasury-pays-firm-7-million-to-assist-on-gm-chrysler-plans) + +========= + +[/u/bmhart17](https://www.reddit.com/u/bmhart17/)/ said LabCorp [https://imgur.com/a/4qd97nB](https://imgur.com/a/4qd97nB) + +========= + +[/u/AutoThorne/](https://www.reddit.com/user/AutoThorne/) said BCG attacking Canada [https://www.theglobeandmail.com/business/article-ottawa-working-with-us-consulting-firm-to-draw-early-plan-for/](https://www.theglobeandmail.com/business/article-ottawa-working-with-us-consulting-firm-to-draw-early-plan-for/) + +[/u/Yattiel/](https://www.reddit.com/user/Yattiel/) added this [https://www.reddit.com/r/Superstonk/comments/u12ibn/the\_canadian\_government\_has\_hired\_bcg\_wtf/](https://www.reddit.com/r/Superstonk/comments/u12ibn/the_canadian_government_has_hired_bcg_wtf/) + +========= + +[/u/DMDTT/](https://www.reddit.com/user/DMDTT/) said Fidelity Vice President and Head of HR previously worked at Boston Consulting a group [https://www.reddit.com/r/Superstonk/comments/u165gh/fidelity\_vice\_president\_and\_head\_of\_hr\_previously/?sort=top](https://www.reddit.com/r/Superstonk/comments/u165gh/fidelity_vice_president_and_head_of_hr_previously/?sort=top) + +========= +