diff --git "a/reddit_finance_43_250k_26.txt" "b/reddit_finance_43_250k_26.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_26.txt" @@ -0,0 +1,10000 @@ +But what do I do now do I just keep putting money in it does it work itself? People are talking about etfs and bonds and stuff and I don’t have a clue about them +3 days ago a check for $1900 was deposited into my account. I figured the bank had just messed up but when I called and asked about it they said they didn’t see a problem, and that it was my account number on the check. The check was mail deposited without a completed deposit slip. There is no recipient name, just the senders name which I do not recognize. + +I asked what I should do and the guy I was talking to and his supervisor said to wait about 4-5 days, and if the check clears the money should be mine. ??? Why would they tell me this when I’ve told them I don’t know where the money came from? What do I do? + +Edit: I do have access to a picture of the check. A couple things: It isn’t hand written, my account number is clearly printed on the check. under “pay to the order of” it just says my bank name, I also don’t recognize the name or address of the sender. It’s from a completely different state. The number for the bank the check came from is also on it. + +I think I’m going to wait a bit to see if it clears. If that happens then I’ll probably call the number on the check and ask about it. For sure will not be sending anyone any money, if they want it back they’ll have to reverse the check. +Why are you trading forex, stocks, commodities or just in the market in general? What’s your dream/goal? Why did you take this route to get to your dream/goal? +There's a disconnection between understanding of what "value" is, or how to decide what is "investment" and what is "speculation". It's not binary, it's a spectrum. It's not universal, it's relative. It's relative to YOU, specifically YOU. It's not constant, it's relative to price and other opportunity. Lastly, it's not guaranteed. Ever. The future is unknown. You or I might not even be here for it. + +Every person reading this knows some things I don't know, and every person doesn't know some things I do. Unless you are a literate dog, we probably share some qualities. In fact, even if you are a dog, literate or otherwise, we share some qualities and no small amount of identical language in our DNA. Dogs love steaks, and fresh air. Both things I like quite a bit too. But I enjoy looking for undervalued stocks, and dogs seem more interested in fetching tennis balls. We're both animals, but we're not the same animal. + +To go back to GME and the toad's wild ride one more time this week, I can promise you I looked at some of the same numbers that /u/DeepFuckingValue looked at 2 years ago. Lots of people did. I looked at gamestop in 2019, a few times in fact. **I passed.** /u/DeepFuckingValue **didn't.** **We were both right.** + +/u/DeepFuckingValue looked at the company a year or two years back, and evaluated the numbers and the situation, and understood that a lot of short sellers were counting on this company to fold in the very near future. He probably also noticed that more and more short sellers seemed to be jumping on this bandwagon. He knew the situation wasn't nearly that dire. In fact it was likely to be "game on" for Gamestop, for quite a while to come. I got puns all night, so buckle up. Then he looked at the share price, understood the proposition and probability that this was a potentially very asymmetric opportunity (low probability, enormous return, mispriced very cheaply in relation to the potential return). I looked at the same things, but he got from the situation contextual understanding I didn't get. Namely the magnitude to which shorts can backfire and how to estimate it. + +I also recognized, back in 2019, Gamestop was probably not in as dire straights as predicted. I wasn't alone, or special in this. Lots of people, including some famous people, recognized it. Michael Burry. Ryan Cohen. That one guy from the internet. I knew about the gaming console cycle too. I looked over the balance sheet. I got that piece of the puzzle, lots of us did. What I didn't understand very well at all was how short selling squeezes worked in practice, or just as importantly how to value the proposition. I still don't understand that with any genuine confidence, but I do get it more now than I did. Doesn't matter. I didn't get it, it was too confusing for me. So I passed. I said No. + +People who "get it" get this concept. **Two people can do opposite things for different reasons, and both be right.** It's relative to you, your understanding, your tolerance for what talking heads often confuse with risk. Your tolerance for volatility. He understood the proposition, evaluated what he was PAYING for what he was GETTING (in this case not just the companies liquidation value backstop, but the potential possibilities of the price appreciation he could be getting - this eventual squeeze), knew himself well enough to decide if he could stomach the roller coaster, and chose to get on the ride. + +I'm genuinely happy for this guy, and everybody else on these message boards in that rocket or just popcorning along in the theatre. I'm also happy for myself, because even though I didn't have any money stake in GME I understand more about how short selling and squeezes work than I did just a week ago. I got a free option on education. + +The ups and downs are not risk. Volatility is not risk. Here's where we get vague, because this GME story isn't over. It's only gotten started. This has implications for the broader market. Follow me into the fog of tomorrow, will you? + +Even the smartest, brightest people taking this bet 1 or 2 years ago had to contend with a lot of fog. It's not gone. Certainly the picture is MORE clear now than it was last year, but things are still REALLY FOGGY. More foggy for some of us than others. What we're witnessing now is why you cannot apply mathematics to complex systems (especially systems involving people) and expect everything to go as modeled. We don't have all the rules. This isn't chess, it's life. People cheat, bend the rules, propagandize, lobby, sue, counter-sue, weaponize fear and do everything in their capacity to get an advantage, up to and including breaking the law. Life isn't chess, it's poker. But it's way more complicated than a game of hold em. It's poker with 10,000 players at your table and a deck of 2.6 million cards, and a roof that might cave in once in a while and kill some of the people at the table, and one of the waiters serving drinks, and maybe the general mood in the room. Also someone who loses might pull out a gun and shoot the dealer. We cannot know all the things that might happen. But if you're in the casino we call earth, some of these events could affect you. I'm long on humans going to Mars, or Europa, or The Restaurant at the End of the Universe. God rest your soul, Douglas Adams. + +This is why the proposition that the early birds took, people like /u/DeepFuckingValue, is nothing whatsoever the same as the proposition that exists right now. Even if you and I have the same understanding of the proposition he took 2 years ago, and understand why it makes sense, it's not the same proposition that exists now. He bought in at I don't know what, $2 or $5/share. Some long dated options that cost a few pennies. People buying in now are paying $100, $200, $400/share. Refusing to pay too much is your biggest defense against being stupid. Don't be stupid. + +If you're a fan of that Stranger Things show, you probably recognize that theme. "Don't be stupid." "We're not stupid." In that case, we have something else in common. I love that show. There's a beautiful scene in that show where the adopted dad Hopper is trying to explain to this orphaned, frustrated teenager Eleven why she can't go outside. It's not safe. The risk is too high. Dangerous people are after you, and they aren't playing by the rules. Hopper and Eleven are arguing and bickering about this, and neither can see the other person's side. They are both right, for different reasons. + +This is a fictional show, and she is an extraordinarily powerful telekinetic. She can move stuff with her mind. Violently. The government scientists who raised her and trained this ability are after her. Hopper doesn't understand this yet. She can rip people in half with a willful thought. *She's not in danger*. + +Except she is. There are things she doesn't get. Weaknesses she hasn't accounted for. She's got this great little group of friends, and they aren't superheroes. They've got families. Real people she cares about, who are regular people and definitely can be hurt. This is what Hopper is trying to get across. He's got experience, he's lost people. He knows. She thinks he's just an old grumpy boomer and he thinks she's just an emotional child. But they're talking past each other, and as teenagers are wont to do, rash decisions are made and things get out of hand. People die. + +This has so many parallels with what's going on in Gamestop (and the markets broadly) recently. People, "the bad guys", are not playing by the rules. Other people, "the good guys", did not account for this ratfuckery. Now there's a tug of war. In the media, the courts, the SEC, congress, even in the public square of reddit and twitter. The proposition that *was* when /u/DeepFuckingValue and company investigated it 2 years ago is not the proposition that *is* today. Even if it was the same situation, he and I came to different conclusions for different reasons because he understood it and I did not. + +If you want to be an investor, you've got to learn to say NO, and not because "the other guy is wrong". You say NO because you don't understand how to value what is being offered confidently, or you do understand it and you see risks in the proposition that make the price unattractive or this particular proposition untenable for your temperament. Just like anything else in life, be it dating, job offers, or nigerian prince's who just need a little help with an inheritance scheme, successful people learn to say No to almost everything. The most successful people learn to say No so gracefully the rejected party leaves feeling good about getting rejected. + +Investing is saying No to offers you don't understand and requiring a bargain price. Speculation is everything else. At /r/ValueInvesting, *We're not stupid.* + +Corrected: The girls name is Eleven, not Seven. Fixed, Thanks /u/jelledm +The latest [UK regional house prices](https://www.gov.uk/government/statistical-data-sets/uk-house-price-index-data-downloads-december-2020) were recently updated to give the average property prices as of Dec 2020. This should account for the recent CGT inspired boom. + +I put this data into Tableau and created a simple tool where you can enter your income, deposit and the property type, then the tool will tell you which parts of the UK you can (or cannot) afford to buy! + +[https://tarsolutions.co.uk/blog/uk-house-affordability-calculator/](https://tarsolutions.co.uk/blog/uk-house-affordability-calculator/) +The two available to me right now are political surveys (hardly anyone picks up) and taking calls for SBA, which is mostly listening and transferring. For a second job, it’s pretty sweet. The hours vary, some go as late as 11, cst, but it’s sign up for it then work it, not assigned shifts. + +Hope it helps! + +Edit- gotta have a pc and internet. + +Edit - I’m locked out for some reason, I can’t answer questions?!? Maybe dm me? +I have never seen so much effort put into a Project. These guys are really serious. The launch of this project in May 2021 was really positive. Their first reward token has been a huge success, listed on CMC, CG, Crypto,com. + +The project has been running since May 2021. As well as delivering over $1/2 Million of Cardano rewards to investors thus far, the project continues to evolve. Since inception, they have launched their website, Their EvoDashboard and their Merchandise Store. + +Further developments have seen the successful launch of their Dex exchange – EvoSwap and their own token being listed on further exchanges such as Coinsbit. + +Now they are deploying their ‘Hub’ Utility token – Evolution (Evo). This utility token will drive their own ecosystem of reward tokens, allowing for staking with rewards; and NFT trading on their EvoNFT Dapp. + +But that’s not all… As well as rewarding Evo holders with reflections, there is a revolutionary new feature called EvoBoost. Check out their website and see how it works! + +This industrious team have continued their doxxing process on their website; and are actively engaged with the community every day. Social channels have been successfully launched on Telegram, Reddit, Facebook, Instagram and Twitter, with followings increasing daily. + +As with the CardanoEvo (cEvo) reward token, Evolution (Evo) is listing on many minor listing sites and applications will be submitted to CMC and CG upon launch. + +Techrate Audit will be carried out prior to launch and the extra good news is that it is going to be on public pre-sale on PinkSale 29th November. + +This team have delivered on all of their promises, and Evolution (Evo) promises to be another HUGE success. They are a community-led project, delivering the will of their investors in a professional, ethical, legitimate and effective manner. + +They are CardanoEvo, +They are now Evolution as well. + +You don’t want to miss out on the huge potential of Evolution (Evo) + +See their website at: https://evolutioncrypto.net/ + +Chat with the DEV team on Tg: + +https://t.me/TheEvolutionOfficial + + +Tokenomics: + +Buy Tax 15% + +2% Liquidity + +4% Marketing Wallet + +2% BuyBack + +7% EvoBoost + +Sell Tax 15% + +2% Liquidity + +4% Back to holders in tokens + +4% Marketing wallet + +2% BuyBack + +3% Development +Just had a shower thought about the idea of hiding you Wealth from family and friends. + +Does the act of hiding your wealth accumulation over the years actually cause the problems associated with friends and family learning about your success? What would be the results of being open from the time you were poor to the time you made it to FatFIRE? + +Wouldn't being open about your position from the beginning result is less issues as the people in your life can watch, participate, learn from you and vice versa? Potentially creating an environment were everyone is more driven to succeed by virtue of being able to share without expectation or judgement? + +I keep reading about hiding your progress to avoid problems with family and friends but I don't do that with anyone, even coworkers, if someone asks or it's relevant I share. As far as I can tell the vast majority of the people in my life had have made positive changes as we've learned from each other over the years. + + +But I'm genuinely curious, have other people been open from day 1 and have had similar results? Am I just being naïve, and this will backfire leading to no friends in the future? + +EDIT: Thanks for awards and the replies, they've been funny, realistic, and interesting! I've been reading and trying to reply as I get time but wanted to make reply-all edit. For the most part everyone was super generous with their stories and examples and were kind even if they disagreed. + +First a point a clarity, I think by the wording of my post it could be read two ways which lead to a variety of topics in the replies. You could have read it as specifically being open about your net worth(which wasn't my intention but I can see how it could be read like that) or you could read it as being open about your total finance picture, journey and experiences, not specifically your NW but not excluding it either if it became relevant. + +Ok, now a couple of summaries from reading like a bajillion replies: + +The overwhelming consensus here, which is no surprise, is the "Nunya" approach in regards to NW. + +The people who had parents/family/mentors who were open with them, seemed to have benefited from that approach and have adopted a similar path tailored to their life. + +There is a group of rebels here that don't pull any punches and are very open always, and if someone becomes toxic "bye Felicia". + +Almost everyone agrees that talking about generalized finance and strategy in real life is beneficial as long as it's in an appropriate peer group. + +There's a smaller subset of the Nunya types that apply that to all financial talk. Strictly taboo. +Say Bill is worth 1.1B dollars. All through his life he spent 100M dollars. When he dies, his wealth (at whatever form) he still has 1B in his inheritance to give. + +Up until that point, would the economy be 1B larger if Bill spent all his money? +I have been taking some looks at the Level 2 information and it seems that when "they" want to drop the price, "they" use smaller lots of bids and asks - today was lots of 11 - 11 shares were being traded back and forth the entire time we saw a drop in the price down by $10. Other apes have noticed this before. See image 1. + +[IMAGE 1](https://preview.redd.it/8gusyrg3qru61.png?width=2805&format=png&auto=webp&s=453ebbfcddae1c074a635b3e8257da2d0e48d89e) + +I then noticed they stopped trading in these lots, see image 2 below. It went back to the "normal" lots of 100 shares each. I also happened to notice that yesterday (April 21st) "they" did not use this smaller lot tactic to lower the price, there were only these large lots of 100 basically. I think they may have thought sentiment had changed, maybe they saw a shift in our community and decided this would be the best time to make it drop and seem like people are selling + +[IMAGE 2](https://preview.redd.it/lw8nxayppru61.png?width=2833&format=png&auto=webp&s=238fc13b8da52796bc95c48ea8f0c602623e550f) + +I then noticed this sell wall go up. See image 3 1450, at 149. I think they are lowering the price, then trying to prevent it from going back up. + +[IMAGE 3](https://preview.redd.it/6t9im6yppru61.png?width=3011&format=png&auto=webp&s=ff2722813d5cf2c24fd84437b760c37a0ff04e71) + +I think they may have raised capital to prevent a margin call and potentially keep this whole charade going longer than they expect. They may be using DD against us that are promising dates to generate fatigue. I think we are in for a longer haul than we might expect here. Don't lose interest. + +~~They may be synthetically inflating some cryptocurrencies to prevent a margin call. Look at this shit:~~ + +[~~https://coinmarketcap.com/currencies/capital-x-cell/~~](https://coinmarketcap.com/currencies/capital-x-cell/) + +Edit: Weird I have never seen an instant downvote before, someone either troll/shill is instantly downvoting our posts. + +Edit 2: Check out this post on "odd lots": + +[https://www.reddit.com/r/Superstonk/comments/mu8x6r/trader\_using\_odd\_lots\_to\_avoid\_detection\_omitting/](https://www.reddit.com/r/Superstonk/comments/mu8x6r/trader_using_odd_lots_to_avoid_detection_omitting/) + +Some more info on odd lots: + +[https://www.investopedia.com/odd-lot-trading-on-the-rise-4774753](https://www.investopedia.com/odd-lot-trading-on-the-rise-4774753) + +[https://www.wsj.com/articles/SB119501231584492459](https://www.wsj.com/articles/SB119501231584492459) + +I am a bit too smooth brained to figure out exactly what they might be doing here. +My retired, 70yo mother is in the process of selling her home, and will have about $100k after paying off her debts. She's retired and does OK budgeting her fixed monthly income, but is an absolute SUCKER for scams. She has been preyed upon by the same scammers you see on YouTube and has had to cancel multiple credit cards and has had over $5k drained from her bank account when one got ahold of her debit card info. I'm also worried about her ability to budget this if she's got such a large lump sum just sitting in her bank account. She's the type that would give all the money she had to the first "charity" that tugs on her very gullible heartstrings.I'm terrified she's going to lose everything and end up in poverty in the final years of her life. + +My big question is: What is the best way to scam proof this lump sum? + +Can she set up a trust where she is the beneficiary to receive monthly installments? + +Can it be managed by a fiduciary to be invested/bonded while also paying monthly installments? + +First time poster, thank you for your time! + **Pros** 🐂 + +* Total revenue of 83.265 beating analyst estimates of 80.6 million +* Q4 revenue of 24.876 which just beat analysts estimates of 24.2 million +* Adjusted EBITDA of 3.626 million(Q4) vs 3.397 million(Q3) +* Earnings per share of -0.03 for the 2020 fiscal year vs -0.13 for the 2019 fiscal year + +**Cons** 🐻 + +* 630 million shares outstanding as of March 1, 2021 (not necessarily a bad thing though) +* Shareholders equity dropped to 11.723 million vs the 13.651 million they reported in Q3 resulting in a higher price to book ratio +* Not profitable this quarter as they posted a 1.324 million loss + +**Forward Looking** 🚀 + +* Smoke cartel deal is soon to be closed by mid March and that will produce at least 7.4 million USD for High Tide each year +* Next earnings report is very soon, April 1, 2021 is when it is due to be reported. +* Meta Growth will be included in Q1 2021 report and revenue is estimated to be at least 37 million with these numbers +* They are looking to operate 115 stores by the EOY so stores will be opening each month +* Recent bought deal offering adds 23 million of cash into the company’s hands and will be used for store openings and acquisitions they see fit +* Debt has been reduced substantially by 27 million in 2021 alone. This will raise High Tide’s equity and make their balance sheet look more attractive +* They are aggressively looking for acquisitions to further their US presence and they have said that companies have already been reaching out to them + +**Speculation** 👀 + +* Legalization of Cannabis in the US is bound to happen in either late 2021 or 2022 (my prediction) +* Nasdaq update is sure to come, my prediction is in May or June +https://www.cnbc.com/2020/07/22/tesla-tsla-earnings-q2-2020.html + +- Earnings: **$2.18 ex-items vs. 3 cents per share** +- Revenue: $6.04 billion vs. $5.37 billion, expected. +- Net income: $104 million (GAAP) + +Closing in on $1700 stock price again, a year ago it was at $260. + +Edit: Elon [smiles](https://www.reddit.com/r/teslamotors/comments/hw1pau/a_perfect_month_for_elon/): https://preview.redd.it/jx1fb21vzgc51.jpg?width=354&auto=webp&s=1f352ff6ffb566e214fcf141247635555aecef19 +I developed India's first and only practical Dividend Calendar that shows you the dividend yield as a function of last traded price (instead of the face value) of the stock! + +Check it out at - [https://pFinTools.com/](https://pfintools.com/) + +We are just starting out and we'll be coming out with more practical, powerful, pedantic financial tools, so please make sure to let us know if there's anyway we can make this better or if there's any specific feature that you'll like to see in the future. + +Linkedin post detailing my story [https://www.linkedin.com/feed/update/urn:li:activity:6969742704738017280/](https://www.linkedin.com/feed/update/urn:li:activity:6969742704738017280/) + +Edit 1: We just hit 30 users in the last 30 minutes, thanks for all the love and support. +[https://www.bnnbloomberg.ca/kansas-city-southern-agrees-to-merger-with-cn-rail-1.1606844](https://www.bnnbloomberg.ca/kansas-city-southern-agrees-to-merger-with-cn-rail-1.1606844) + +> Kansas City Southern (KCS) has officially switched dance partners, announcing it has deemed Canadian National Railway Co.’s takeover proposal to be superior to the previously agreed upon deal with Canadian Pacific Railway Ltd. +> +> As a result, KCS has terminated that merger agreement with CP Rail and has paid a breakup fee of US$700 million, which will be reimbursed by CN Rail.  + +Still not a done deal pending regulatory approval. +I am amazed to see it below $30 now. What has people so nervous about the company over the last month or two? This is unusually low for the company's valuation. +That sounds awful. It really does. But it’s true. We’ve intentionally chosen to live in a fairly modest primary home (though still in a fairly upper middle class area), but as our assets have grown, we’re realizing that there are large parts of our life we can’t really share. This is even more exaggerated with extended family or childhood relationships. + +I know others encounter this too. I see people commenting “must be nice to be rich” on posts where being “rich” isn’t even close to the main point. But I also catch myself saying things to my spouse that would sound completely tone-deaf to someone with fewer resources. + +How do you deal with the gulf between your financial situation and that of others? Does it bother you to be increasingly out of touch with people with financial struggles? +Isn’t VTI (total U.S. stock market) combined with VXUS (All cap excluding U.S.) basically the same thing as VT (Global all cap index)? + +I’m trying to keep it simple so is there any reason why I should invest in both VTI and VXUS instead of just investing in VT? Am I missing something here? +I’m curious what the reality is for the ‘average’ Aussie right now. Where I am this is not that high of an income but I appreciate it might be quite comfortable in other areas. My understanding is that this is about ‘middle class’ in terms of earnings on average for all Australians. + +What kind of lifestyle would this afford you? + +Edit: for context. I live in Canberra where six figure incomes are common, however have affordable rent (no mortgage), no kids and two income household. Personally I feel comfortable but from comments it seems like having kids or mortgage would change things quite a bit. +Hello all. Long time reader, first time poster, 45, £60k/y, 22 years mortgage left. + +Normally, I don't try to time to market, and I stick money in low cost index tracker funds monthly. Having said that though... + +Back in February, I sold most of my holdings (because I foresaw the pandemic effects were going to be large). +I didn't spot the bottom of the March dip though (because I can't time markets), and don't know if I'd have got back in then even if I had. +Since then, I've been holding a fair chunk of cash, waiting for the right time to get back in, and would like the thoughts on the experienced investors here. +My best assumptions/guesses are: + +1. The UK economy will be hit further by Covid, and unemployment will increase. +2. But so will everywhere else. +3. Inflation won't be a huge problem for a while +4. Brexit will not go well for us (*) +5. The GBP will weaken further. +6. I will not lose my job or house or get ill. + +Of course, there are a bunch of huge variables coming up soon: + + * Trump election + * Brexit deal negotiations + * Covid vaccine + * Coronavirus mutation + * Random stuff - China, Russia, etc. + + +Primarily, I'd like to keep my current capital safe (not lose any). +Secondarily, I'd like to avoid missing out on what I think will be a coming slowdown. +Thirdly, Obviously, if I can make some money, that'd be great. + +The safest option right now feels like buying a load of Vanguard FTSE World Tracker back, but if it's going to get cheaper over the next few months (which I think it will), (markets will drop 15%, but the GBP only weakens a further 10%?) holding on to cash to buy cheaper is probably the right thing. + +What are your thoughts on my assumptions, and what's likely to happen over the next few months and years, and therefore what the best thing to do is? + + +(*) I hope this doesn't count as political - I don't want to start any political debate here. +Hi, newbie investor here. + +I am a software engineer and I have gotten into trading very recently. Index funds were what got my attention as a low risk, reasonably safe investment. + +As I understand, the S&P500 consists of the 500 biggest companies in the USA. An investment in this fund is distributed by each these companies according to the proportion of the American market that they represent. + +So, this means 4.6% of my investment is going to Amazon, 3% to google, 2.8% to facebook and so on and so on (not real values) + +After learning this, I was hit with a question: + +Is it better to invest in the S&P500 through an index fund, or to algorithmically invest individually in each company that comprises the S&P500, in the correct proportion? + +I know that some brokers will have fees per negotiation, which means if I invest in each company, I will pay more fees than if I invest in the index fund (many vs one negotiations). + +Besides this ( and the fact that investing in an index funds spares me the work of coding up a bot) does one approach have any advantages/disadvantages over the other? + +Thank you for your time. Let me know if I didn't make myself clear. + +Also, I am not sure if the title is appropriate, please let me know if I can improve it (or the post) in any way +I wanted to share this just in case anyone is in the same boat as me, with insurance being unaffordable through work. + +I started having symptoms of a bladder infection, and didn’t want to go to the ER and have another huge debt I can’t pay. Was looking up possible home remedies and stumbled onto the app called K Health. Looked up reviews, and saw it was mentioned in some legit publications back when it was apparently just a symptom checker. After making sure no one was labeling it as a scam online, I decided I could risk the $14 to try to talk to a doctor on the app, and worst case I could still go to the ER. + +It was 100% worth it. Was connected to a doctor within 10 minutes, and the chat was pretty quick too. We went over all of my symptoms, and the doctor asked about several other symptoms to make sure all bases were covered. He was confident enough in the symptoms to start treatment without a urinalysis, but offered to order labs if I wanted them. I opted to not do labs, so he sent a prescription to the pharmacy of my choice. I called the pharmacy to be extra sure they got it and I wasn’t just scammed, and they did receive the prescription. + +I also downloaded the GoodRX app that a pharm tech told me about the last time I had to get an expensive prescription. Got a coupon for the antibiotic. It was around $56 before the coupon, and is $10.78 with the coupon. + +So in the end I paid $24.78 total to speak to a doctor and get a prescription, And aside from going to pick up my prescription soon, and frequent bathroom visits for my broken bladder, I haven’t even left my bed all morning. Amazing. I highly recommend both of these apps if you need medications, but can’t afford to visit your doctor. Or even if your copay for your insurance is more than the $14 fee this app charges. + +Tl;dr: You can talk to a doctor on the K Health app for $14 no matter if you do or don’t have insurance. Also, GoodRX is wicked awesome for huge discounts for medications. Just show the coupon it gives you at the pharmacy. +We typically see tax rules abused by upper classes but rarely see ideas that would help the middle class. + +Since overtime is only paid to hourly staff, why not offer tax free overtime to encourage higher productivity from staff? This doesn't change anything for employers, other than not collecting payroll taxes for OT work. Firms would have staff even more eager to work extra hours, which should create productivity gains. + +This is also unlikely to be abused by self employed or executives/managers since they aren't eligible for OT. There's also a limit to OT (a previous employer would not approve more than 8hrs of OT per week). +What’re your thoughts on the China stock sell off? + +Chinese stocks such as Alibaba and Tencent have crashed around 30-40% respectively. + +Do you believe that the CCP would really want to crash their own stock market like many American Investors are claiming? + +Do you believe that China wants a global capital market in the future? And want foreign investment through VIE structure - preferring both domestic + international capital generation. + +Or will it prefer just domestic investors? And a less globalized approached capital market. + +As a western investor I would be interested in trying to understand the Chinese capital market. + +Funnily enough I posted this same question on r/China and the responses were overwhelmingly negative. + +https://www.reddit.com/r/China/comments/p7mg3v/china_stock_crash/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Is this peak fear? Making for a great buying opportunity +How many hours do you actually work? + +Full-time positions are said to be 38-40 hours at least a week. However, the amount of hours you actually work can differ. + +For example, I have friends who work in law and finance where the hours tend to be more towards the 60-70 hour mark. + +In contrast, I also have friends who work in administration or higher education who probably spend about 10 or 15 hours actually doing productive work. Some of these people earn quite good money., + +If you work for a customer service call centre or a factory, you are forced to work prescribed hours as you will always be on the phone or doing work in the factory, during which time you are usually monitored heavily. + +Full-time teachers are interesting because even though they have 9am - 3pm, there is a lot of work after hours with marking, administration, class prep etc so their hours tend to be quite high. Then again I know some teachers who like to do all of the work in 1-2 weeks at the start of the year, leaving the rest generally to marking (which can be minimal depending on efficiency, experience, assessment methods etc). +Hi, + +I’m not an economist, however, I’m writing a final paper on implementation of universal healthcare and a large component of this is economically driven. I have a TON, relatively speaking (~37 peer reviewed studies, books or chapters of books, and other trustworthy (as one can get at least) sources) of recent (newer than 15 years) economic studies, literature reviews, etc. and most conclude some favorable findings for universal healthcare. While economics is certainly not the only avenue I explore, I am having trouble finding any legitimate studies that conclude non-favorable economic findings on the subject. I understand bias etc., but it seems I cannot find any concrete numbers to back up some of the common criticisms of such a system. Any search techniques (besides typing in “Fox News” or “The blaze”) or noteworthy studies to look at? I understand it’s not all economic, but my other talking points do have counter-evidence, I just cannot find any on this avenue (hooray, I suppose?). Thanks. +To my knowledge, most economic powers have had massive reserves of natural resources; USA, USSR, British Empire, China, etcetera. My question is: how is did Japan become an economic power if they don't have such huge reserves of resources, perhaps besides manpower? Thank you in advance. +[source](https://www.moneycontrol.com/news/business/rbi-takes-supervisory-action-on-card-networks-american-express-banking-corp-and-diners-club-international-6808551.html) + +>The Reserve Bank of India (RBI) on April 23 imposed restrictions on American Express Banking Corp. and Diners Club International Ltd. from on-boarding new domestic customers onto their card networks from May 1, 2021. + +After HDFCB, now its Amex and DC's time. Let's see how quickly these foreign companies fix this. + +Thoughts? + +*Unrelated funny story: Was about to get a Citi credit card, bank got closed. Was about to get an Amex CC instead.* 🤨 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'll start: I sold VFV at a loss once 🤡 + + +Oh yeah and i sold AAPL right before its recent run up... On WS... at a loss... + + +A couple more: + + +Sold NUVEI @100, DCBO @79.99, LSPD @90, all of them literally like the Friday or so before they all started doing their thing the following week or two + + +Sold all big 5 banks under $100, list goes on. I'm dumb + + +The AAPL one is definitely my worst though 🪦🪦🪦 + We’ve all become a lot more wary of how our information has been collected and used over the better part of the last decade. But not all of us: some of us are still using passwords that begin with the word “PASSWORD”, despite being told numerous times to change it. We resist change. It causes us pain. Sometimes it physically hurts us to undergo change. But it never ceases to surprise us and cause us to complain when large organizations, conglomerates, or even entire industries don’t just change the way they do things. We even declare, “why can’t they just change?” It’s not so simple, is it? + +Take the health care system, for example. Across North America, more people are without access to a regular family doctor than ever before. Yet, our current health status does not reflect a population that does not need to see a doctor: more and more people are becoming chronically ill and requiring access to the very health care system they can neither afford, nor get access to. The irony is painful. + +https://i.redd.it/tt9slqs5c9321.jpg + +Security is Slow on the Uptake + +But there is another side to the health care industry that is continually changing for the better, albeit slowly. And that’s the current situation related to the security of patient information. The change is slow, however, with many medical facilities across North America still relying on paper charting and human intervention to record patient profiles and medical histories. Despite advancements in technology and new software programs being updated all the time, small-town doctors and even big-city specialists are continuing to avoid the change. Does one have to ask why? It can’t be laziness? They are doctors for crying out loud. What then? + +Has anyone stopped to think that maybe they feel secure with their paper charts? Perhaps because they can lock their records up in a filing cabinet, behind a locked door, behind a security system on the front door? That’s a lot of security, isn’t it? But what happens if the doctor’s office burns to the ground, or the charts are damaged in a flood? How can that information be restored or retrieved? Unfortunately, old systems are not that secure either, despite feeling safe to some professionals who still swear by their paper charting systems. + +Information Security Can’t Limit Access + +HIPAA (Health Insurance Portability and Accountability Act of 1996) requires medical professionals to safeguard personal and electronic information, but without the proper access to tools that can do that, information remains susceptible to those who may seek to obtain it. Stem Cell Innovations (SCI) is launching their main ICO sale in the coming weeks that will support the finalization of a blockchain-based platform where health care patients will have secure space to store and access their own medical files as they see fit. Because despite all of the security HIPAA and other initiatives, including other electronic platforms that already exist are providing, + +they are missing one key component: they don��t give the patients access to medical records they own. + +If this has ever seemed like a strange practice to you, you are not alone. SCI believes not only should patients have the right to manage the records of their own volition, but they should have real-world, real-time authority over those records to determine who, if anyone, gets to see the information held therein. As part of its overall goal of providing worldwide access to stem cell specialists, SCI will include such provisions and permissions to users of the custom platform so that decisions related to their health care remains with the person who is affected by it the most: the patient. + +While there may be controversy from areas of the medical community that would remind us that the safest place for a patient record is in the doctor’s office, we’d like to take the opportunity to point out that an informed patient is a healthy patient. Having access to medical records that belong to them is just the beginning. With that information, they can see treatments and consultations from specialists in our extensive network of medical professionals who share our belief that patients should control their own information. + +SCI Solves Both Speed and Security Issues in the Health Care Industry + +But providing a secure and verifiable space for storage of patient records is just the beginning. Combing incredible technology and innovations in the stem cell domain, SCI will be able to provide cutting-edge treatments and therapies to people who wouldn’t otherwise have access to them, because of location, economic status, or even worse, because their own family doctor isn’t aware of the treatment options. So while change is hard, hindsight has a way of teaching us that leaping was worth it. We are already seeing the benefits of disrupting the traditional method of record storage with the excitement on people’s faces when they realize they will have more control over their health and wellness soon. + +For more information about SCI and their upcoming ICO main sale, visit [www.scia.io.](http://www.scia.io./) +Hi all, long time lurker here! + +So yesterday was completion day on our house move. Everything was going good, we had loaded up our van, had some emotional goodbyes with our first house where we'd brought our son home from the hospital and trundled off on our merry way with belongings in tow. + +We parked up near a friend's house who live very close to where our new house is just to await completion. We get a call from our solicitor who then told us that someone in the chain doesn't have funds to complete. They apparently said they were a cash buyer but when it came to crunch time, they didn't have any cash to buy with! + +After several hours of tears and waiting for a solution we were told that they had fully pulled out and to move back in to our old house. The chain had 6 parties in it so whoever this was has seriously upset a lot of people. We ended up having to rent a storage container for a lot of our stuff as we couldn't get everything back in to the house that quickly the way it was. + +So, after much waffling, what happens now? I've tried doing some googling around this but just seem to get articles about what happens on completion day. I presume that as this person/people pulled out after exchange of contracts and that clearly their solicitor didn't do their job properly that there would be some form of pay out? Does the whole thing fall through? Has anyone ever been in this kind of situation before??? All of the solicitors are now on holiday for Christmas (ours even came in on their day off to get us through completion) so it's not like I can ask them. I presume what happens now is dependent on the agreement in their contract? + +Thanks + +Edit: wow, this took off like a rocket! Thanks everyone for your contributions! Thank you very much for the award! My first ever on Reddit! :] +I'm coming to a stage of my life where I'd like to try to set up some passive income/investing in assets or something along those lines. + +Can anyone recommend some smart money moves that have worked for them in the recent past? + +Any advice is greatly appreciated. +I’m receiving a large amount of money from a family member. The amount could pay off my house but I would have nothing left over. Or should I invest the money?The family member I’m receiving the money from uses a broker with good success but I know it’s a risky practice. +Hello all! Apologies if this has been answered recently. I tried to do a search but I'm a little frazzled. + +Recently I opened my first credit card ever. When I was attempting to register my account online it kept returning the last four digits of a card that did not match mine. I called MasterCard and they told me I had another MasterCard that had been opened in 2009. I explained that I had never had a credit card before and they were more than helpful with removing the card from my account and reporting to my credit that it was not my debt. I thought about it after I hung up and suspected my ex-boyfriend might have opened it. Before we started dating he was in prison for writing bad checks and other fraud. We dated for 6yrs. I know, I'm an idiot. Please spare the lecture I totally hate myself for giving this con-artist a chance. + +Today I signed up for freecreditreport.com to check in on my excellent track record of paying my first credit card off each month when lo and behold, I have a credit card in my name with a delinquent balance of $939, opened April 2014. Says the creditor is World Financial Network National Bank? I have never heard of this company. I want to kick myself again because I should have been keeping up with this but as far as I knew, I did not have ANY credit aside from my lonely MasterCard opened December 2016. + +Reddit, what do I do? I have read so many conflicting things that has me afraid to call World Financial Network National Bank to even inquire about the card because if I acknowledge it, I'm responsible? I am lost. I was trying to build credit and feel like I'm starting a mile behind the starting line because of a bad romantic decision. What steps should I take to clear this up? Do I have any hope? Thank you. + + +EDIT: I suspect my exbf because when I told my Dad about this, he said that in 2009 someone kept trying to set up automatic drafts from his bank account which happened to be at the same bank my ex worked at before he went to prison. He was still seeing the daughter of the president of that bank while we were together. + +EDIT 2: I just want to thank everyone who has given me advice, pointed me to websites, listed steps I need to take, etc. I feel so much less overwhelmed now than I did this morning. I can't thank you guys enough!! I'm going to take my dog for a walk, eat some dinner, and get ready for tomorrow. I'll be heading to the police first thing tomorrow after work. A few people have requested updates so I'll be sure to deliver when I have some solid information. Also wanted to say that a few people have suggested I'm salty because I have no proof other than the weird thing with my dad's account in 09 but the *main* reason I suspect him is because he has prior felony fraud convictions. But I guess it could be anybody, doesn't matter - I just have to take care of it! Thanks again everybody!! +I've never seen anything like what's happening with $GME before, and I don't think I'll ever see anything like this. + +This is a big moment. A tug of war between tradition and the future. + +Hedge fund managers live in the past, and continue to look down upon the retail investors. They truly believe that we, the average retail investors, don't know anything about finances or the market (which may be true), and we're just gambling our money away. + +We don't know any better. WE NEED HEDGE FUND MANAGERS TO TELL US WHAT TO DO! SAVE US! + +This is the world they want to live in. This was the past. + +Remember that scene from the Sopranos, where Tony's wife calls to buy 5000 shares of Webonics, after she was manipulated emotionally to so? Institutions and hedge funds want us to be stuck in that world. + +They're scared of the future. + +They're scared because, so much information is available for free now. THere's no more fees for trading. We have large communities that discuss stocks and trading openly. + +We can think and make decisions for ourselves, which scares the FUCK out of old school institutions and hedge funds. + +Fuck them all. This affects every single one of you, whether or not you're holding $GME. + +TLDR: Fuck hedge funds. This is a crosspoint into the future. + + +EDIT: STOP GIVING ME AWARDS! GO SPEND THAT ON GME!! THIS IS NOT FUCKING FINANCIAL ADVICE AAAAHHH. Thanks. +Good morning San Diago, + +I am Rensole, + +Do you smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/yn3ku953hws61.png?width=680&format=png&auto=webp&s=c3be58358ef589f22712d8c9399b5076a7b04023 + +None of this is financial advice, I'm just an ape who found a typewriter with an internet connection + +So first up the man with the plan Gensler! + +&#x200B; + +https://preview.redd.it/gek1046fhws61.png?width=960&format=png&auto=webp&s=4fb77eca4040a6e4f95e25df7cc3c3e070cb1d66 + +[https://www.wsj.com/articles/gary-gensler-biden-s-pick-to-head-sec-approved-by-senate-committee-11615404521](https://www.wsj.com/articles/gary-gensler-biden-s-pick-to-head-sec-approved-by-senate-committee-11615404521) + +Mr Gensler is someone I talked about before and in length, he is one of the people responsible for making the Frank Dodd Act possible, as it is looking right now he is right on track on becoming the head of the SEC.But the SEC doesn't do anything? correct I believe the laissez faire attitude the SEC has had the past few years was due to leadership, this guy fucks or as other people would say it... this guy actually does the job at hand. + +[https://www.senate.gov/legislative/LIS/executive\_calendar/xcalv.pdf](https://www.senate.gov/legislative/LIS/executive_calendar/xcalv.pdf) + +**UNANIMOUS CONSENT AGREEMENT** + +Polly Ellen Trottenberg (Cal. No. 55) + +Wendy Ruth Sherman (Cal. No. 35) + +**Gary Gensler (Cal. No. 33)** + +Brenda Mallory (Cal. No. 53) + +**Ordered, That upon the conclusion of morning business on Monday, April 12, 2021, the Senate proceed to executive session to** **resume consideration of the nomination** of Polly Ellen Trottenberg, of New York, to be Deputy Secretary of Transportation. Ordered further, **That at 5:30 p.m**., the cloture motions on the following nominations ripen: Polly Ellen Trottenberg, of New York, to be Deputy Secretary of Transportation; Wendy Ruth Sherman, of Maryland, to be Deputy Secretary of State; **Gary Gensler, of Maryland, to be a Member of the Securities and Exchange Commission for the remainder of the term expiring June 5, 2021**; and Brenda Mallory, of Maryland, to be a Member of the Council on Environmental Quality. Ordered further, That with respect to the motions to invoke cloture on the above nominations, the mandatory quorum calls required under Rule XXII be waived. (Mar. 25, 2021.) + +&#x200B; + +So expect news of him being instated to follow very soon. + +&#x200B; + +&#x200B; + +[a very proud bag owner like us \<3](https://preview.redd.it/l8jen1u7iws61.png?width=1125&format=png&auto=webp&s=8e322b01354f0c17f57168d1e922eec0845edd0a) + +&#x200B; + +https://preview.redd.it/e6kv34vmiws61.png?width=452&format=png&auto=webp&s=5e22715c4663dfa6529510776482185288d6cb5e + +So some people where wondering what was up with them looking for CEO's outside of the company, let's get into that. + +For bigger companies there are more things to keep in mind especially when you have shareholders you need to report to, so what gives? well once you've made a short list you can still say "oh remember Ryan? yeah he still seems like the best fit" because you have to do your due diligence and look for the best suitable candidate, and even if they pick someone that's not our boy RC this madlad put together a great team so far, so why question his judgement now? + +I believe that RC knows what he is doing and he'll do what is best for the company at the end of the day. + +[https://www.reuters.com/article/idUSKBN2BZ290](https://www.reuters.com/article/idUSKBN2BZ290) + +(again it says "three people familiar with the matter" so I don't fully trust it but who knows) + +This also comes together nicely with the DFV tweet of a guy jumping a gate/wall + +[https://www.reddit.com/r/Superstonk/comments/mpmeu6/the\_meaning\_of\_over\_the\_wall\_in\_finance\_relates/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mpmeu6/the_meaning_of_over_the_wall_in_finance_relates/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +https://preview.redd.it/mmqfxb7okws61.png?width=420&format=png&auto=webp&s=825cdab366eb06cf3df9d67c029a898ce5b4fdd2 + +# DTCC-2021-005 + +Ok this one freaked me out a little yesterday, the DTCC 005 rule was suddenly gone from the website and no one knew what happened to it, I personally wrote it off as either a glitch or maybe they are between amending it and implementing it. + +Thank god u/kamayatzee knew why to reach out to + +I reached out to John Petrofsky, Director and Assistant General Counsel @ DTCC and he sent me this message: + +*"Thank you for your inquiry.* + +*There was a* ***technical formatting issue*** *with the filing.  It will be refiled shortly and then reposted.* ***In substance it will remain the same.****"* + +This is good news!! assuming they didn't change anything without our knowledge. Its probably best that we compare each version of the document to make sure. Shoutout to [u/cisconate](https://www.reddit.com/u/cisconate/) for archiving a copy of the old DTC-2021-005 [here.](https://pastebin.com/adT3ZUZ0) + +&#x200B; + +https://preview.redd.it/etfcsvzgjws61.png?width=500&format=png&auto=webp&s=a9af92ee9059a668cadaf48633756155fd6ad65e + +Guess who is throwing their weight to help the retail a bit? you're god damn right Dennis Kelleher. + +check this out [https://twitter.com/bettermarkets/status/1381737389169635329?s=27](https://twitter.com/bettermarkets/status/1381737389169635329?s=27) + +As to my understanding Shitadell and the others can't give up, they are in a "do or die" situation as a company. meaning that regardless of what they try they have to pull out everything they can to get everything in order BEFORE the new rules come into play, BEFORE the Annual shareholder meeting because they may be able to walk away with a big hit if one thing doesn't go their way but what if they keep getting hit ? + +Look at it like a casino, they run the casino and it's failing because their normal tactics no longer work. + +Disrupting peoples communications is one of the tricks they'd use (bad news articles, shills, spread fud etc), or when someone buys they buy bellow the current price (price is 201 but they buy at 200,998 so even with continued buying pressure it goes down), or trading via dark pools and yet all of this isn't helping anymore, sure it may drive the price down or whatever, but does it change anything? the company is still looking good and healthy and can't wait to hear their roadmap and see all the changes they will implement. + +The Hedgies plan went tits up when RC stepped in and they know it. + +&#x200B; + +https://preview.redd.it/vnajr5u2mws61.png?width=828&format=png&auto=webp&s=d6dd22d856b8dd2143c9d6e36718b4e3d5d23862 + +&#x200B; + +https://preview.redd.it/d6unkem3mws61.png?width=1080&format=png&auto=webp&s=0581a610492f6970f15cefbb3a499899b8bb3779 + +But you know who is also connected to those two? point 72 and their owner Steven Cohen just sold his penthouse, while this in and of itself isn't weird or good news, I mean real estate shifts right? + +Yeah I'd be all in for that if he didn't paperhand that at a 74% price cut. + +Granted the house was on the market for 8 years, but having an asking price of 115m originally and going down 74% just yesterday is fishy at least. + +&#x200B; + +https://preview.redd.it/zvsd29qhmws61.png?width=640&format=png&auto=webp&s=e9fc892e505e7aa757f0290f87cc2a55df9db9ba + +[https://www.bloomberg.com/news/articles/2021-04-12/steve-cohen-s-manhattan-penthouse-sells-after-a-74-price-cut](https://www.bloomberg.com/news/articles/2021-04-12/steve-cohen-s-manhattan-penthouse-sells-after-a-74-price-cut) + +[https://www.crainsnewyork.com/residential-real-estate/cohens-manhattan-penthouse-sells-after-74-price-cut](https://www.crainsnewyork.com/residential-real-estate/cohens-manhattan-penthouse-sells-after-74-price-cut) + +&#x200B; + +&#x200B; + +https://preview.redd.it/j1p0te2fnws61.png?width=554&format=png&auto=webp&s=e765bcb01538eeca93847be871e520921e39028d + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +&#x200B; + +&#x200B; + +https://preview.redd.it/07z7r28inws61.png?width=400&format=png&auto=webp&s=5295610e75a749db417177cf3c6118298cd4c15a + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day I will be adding it here. + +backups: + +[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1) + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +And I'll be posting updates as they happen here: +https://www.cnbc.com/2021/03/06/covid-stimulus-update-senate-passes-1point9-trillion-relief-bill.html + + +The US Senate just passed the 1.9T pandemic relief bill after negotiating with a centrist Democrat for the final vote to break the 50-50 tie. + +After a month of a downtrend in equities, on Friday, markets rallied into the green. I expect that this bill will likely be a catalyst that kicks markets off next week further into green territory as more households, especially those who are making less than 70k per year can anticipate a 1400 check in the coming weeks +Well had already seen a lot of food inflation this year but it's gone absolutely bonkers over the last 2 weeks. Guessing it's because of petrol prices. These are some of the price hikes I noticed this week (compared to receipts from 2-4 weeks ago). + +Lindt dark chocolate $4.5 -> $5 + +Madras curry paste $5.50 -> $6.80 + +500g mushrooms $5 -> $6.50 +I was owing 1300 dollars on my credit card but today i received a bank statement showing only one transaction (i dont use this card now since the credit card is no more in service), and that transaction's description was "balance Forgiveness" with amount of 1300 dollars. has this ever happened with you guys? I never asked for credit forgiveness even. I am happy and shocked at the same time. +If you want to shop at Costco occasionally but can’t afford the membership, all you have to do is find a friend or family member with a membership and have them buy you a stack of $10 gift cards. Every time you want to go to Costco, you bring in one of the gift cards and show it to the person at the door. + +Depending on the store they might have you stop by the membership desk, or just let you in. Then at the register, you pay for $10 of stuff with the gift card and the balance with cash or credit. + +As far as I know, this works for every Costco in every state – it has to, otherwise Costco gift cards wouldn’t really work as gifts. +Hi gang, + +Just wanted to jump on here and let everyone know i did it, i finally reached peak enlightenment. Earlier today, as i lay among the un-mown grass in my backyard with a ciggy in my right hand and my third glass of cab sav in my left; i finally did it, i just let go. + +I've lost almost half my savings in the past 6 months and sure maybe that does make me a pitiful reprobate, sure maybe i shouldn't be left alone with money. But at the end of the day, I've got my wine, I've got my ciggies, all that's really changed is i have half the money I once did. But thats totally casj my brah. As the jumping ants crawled over my toes I realised something special, we find bliss by living alertly and unequivocally accepting whatever is occurring in the present moment. If we realise that the present moment is all that matters, we will gain an inner stillness and appreciate the beauty and joy of each day. + +All my self-pity, all this internal struggle i was battling was all self imposed. And through one's tears for the past, one's future becomes blurred and so we must forgive ourselves, because the burden of regret can weigh us down heavily on our spiritual journey. Forgiveness lets you out of the prison you put yourself in. + +Life will continue to go on, and life is not always perfect. Like a road, it has many bends, ups and down, but that’s its beauty. + +That's it from me. I just wanted to share this experience and let everyone know i am wholeheartedly at peace with all of the fucking money i have lost cunt. + +Shalom, + +Litres + +&#x200B; + +[mad cunt](https://preview.redd.it/4wh1lzg9dq891.jpg?width=800&format=pjpg&auto=webp&s=47b97c3ebc00ca26ea5110758000e76ef5ee8a67) +In particular, interested in hearing from those that reached FIRE through tech and may have more financially diverse backgrounds. + +I'm the 4th in a family with 6 children and my wife has 3 siblings as well. We are very close with all of them and their kids. Some of my siblings are middle class but others are scraping by. None are close to retirement and they don't know of my plan to retire soon. I'd love to buy a big vacation for us all or perhaps gift them something like new cars or something when I hit FatFIRE. Why? Because I think it'll be a time to celebrate and I want to do so with my best friends, who are my family. I know some of my siblings would genuinely enjoy that and be happy for me. I'm concerned that some others would feel resentment in accepting a gift like this. + +Anyone have good or bad experiences to share with this? +[It's an old article from last month](https://www.bbc.co.uk/news/business-53996191) , but it really does highlight the disparity between the US tech sector and general state of affairs in the UK. Even if the UK index was at its high of around 7600, AAPL wouldn't be far off the value of the top 100 firms. + +It's both baffling and defies belief that AAPL is values higher than the BP's, Shells, Banks and Mining firms in the UK market +If you think regulations are going to cause the MOASS when something of this magnitude is allowed by the same regulations, then you are wrong. + +DRS your shares. YOU are the catalyst. + +Buy, hold, DR Fucking S. + +Edit**: To provide some clarity, I am talking about counterfeiting shares in the US Stock Market and then selling them for cash, and having a plan to also pay 0 dollars in taxes on a ton of those gains. This is what they do. + +I love you guys, and thank you to the mods for doing a great job. + +D R S +I have a potentially stupid question, with interest rates increasing and savings account now returning 3.5% compounding monthly. What's the current reason to invest into dividend stocks? + +Right now you take the risk that the market keeps going down when you could just leave your money in the bank and earn a good return with no risk. + +Now I know there are dividend stocks with crazy returns but my understanding is they also carry a lot of risk. + +The safest option like VYM etc only return the same as a saving account, so why take the risk? Makes sense to shift to stocks when the FED u-turns though. + +Would like some thoughts on this +Look, I’m not sticking bananas in my arse (quite literally can hardly afford to buy them for ingesting) but willing to go the extra mile. Yup - I’m straight up fucked in the head and hoping to act as a sacrifice for the betting gods above. If GME moons this week and launches us above $269.420 I’ll legally change my middle name to GameStop - and if we MOASS, then fuck it, “Mucho Gusto! My name is GameStop GameStop GameStop!” + +Let’s get the hype train goin’ babyyyyy!! +Does anyone else here (who already own a house) refuse to invest in property due to the ethics of it? + +I understand that I'm in a grateful position (to already own a house) so it's pretty scathing of me to even talk about this topic, but I have always avoided further property investments (besides the one that I already own to live in) due to how outrageous real estate prices have become. I think it's deplorable that my kids and future generations will most likely never be able to afford a house on their own -- which in my opinion is contributed mainly due to property investors, amoral government policies and growing wealth inequality. + +So despite the fact that yes, I will probably make money if I invest in housing, I absolutely refuse to contribute even a tiny amount to this shitshow that is the Australian property market. Does anyone else think this or am I the crazy one for thinking this? +I am 13 years old and run a side hustle and own shares. +All of my classmates bully me for making money, calling me "Lame" and "No fun" and "Rich kid". +Is it wrong for me to want to get a headstart in life?. +My grandmother passed away in March of 2019. Her kids, who had been fighting over who would get everything were shocked when they found out she had made a will. Turns out she knew exactly what was going to happen and left everything to me. Needless to say they dont speak to me anymore. + +Fast forward to today. I'm selling the house and land so that I can pull my family out of debt and buy our own home. After all that, I will still have a chunk of money. What should I do with it? I wanna use this money the right way so that set my family on the path to success but I must admit I'm clueless. + +I've lived paycheck to paycheck so long that I've never even thought about investments or what to do with spare money because ive never had any. Any advice would be appreciated. Thank you. +I am 16 y/o girl and have five younger siblings. I don’t have a job because school takes all of my free time, but I’m planning on getting a job over the summer. + +My family is pretty lower class and we need food stamps to get by and are in crazy debt. We are currently filing for bankruptcy. + +As you can see, the situation is pretty terrible, but it only gets worse. Since my parents don’t have healthcare, my dad has not stepped in a doctors office in years. He is very obese and lives a very sedentary lifestyle, as he has a job where he drives around all day long sitting, then comes home and sleeps. I’m afraid this won’t last him long. It’s very hard for my mom to get a job that fits around all of her children’s schedules and her medical issues. + +It can get stressful, as a lot of pressure is put on me as the “one who will save us” and “the smart doctor who will pay off all our debts”, yet having pretty bad unmedicated ADHD that makes it unbelievably hard to pay attention in class. The fear of failure is quadrupled the normal amount teenagers have as a lot is riding on me succeeding, especially the future of my younger siblings. + +I don’t know what to do. If he gets sick, he won’t be able to work, leaving us with only medical bills and no source of income. The best case scenario would be for me to somehow get a stable job before something happens, and by then my sister can drive everyone around so my mom can get a job. However, I don’t see that happening anytime soon. My life calling is to join the medical field, which would leave me also in debt, broke, and with a minimum wage job until I graduate for a very long time. + +I live in Texas, USA if that helps. + +What can we do to prepare? + +Edit: This is unbelievable. I thought only a single person would answer a single sentence about just getting a job. Now I can’t even reply to all of y’all, there’s so many of you! So this is your reply for all the people I didn’t get to. I appreciate you all so so much, and will look into everything you guys told me. I appreciate the time you took out of your day just to help a stranger. I know I would like I broken record, but I really do appreciate all of y’all so much. I haven’t prayed in a long time, but I’m getting down on my knees and praying for everyone else who has helped me today. Bless you all so much💛💛 +Recently I came across an article purporting that CNN posts fake buy ratings, and at first I thought it was just some Trump touting conspiracy article, but I had to click and see because I am naturally inquisitive. I'll entertain any angle, and as a trader, money talks, so if somebody is posting fake buy ratings, that can be the difference between making a fortune, or losing everything in certain circumstances. + +I read the article, and there is an archived link to an analyst consensus estimate for Alibaba. CNN has it listed at $1500, a 12 month 800% increase. Even when you see it, it's still hard to believe, but I checked their website and it's actually still there. They haven't taken it down, and the archived link was several months old. Has anybody else noticed this or is it just me? I'm pretty sure CNN is breaking several securities laws right now, and they also risk being sued... + +here is the [link](https://interactiveswingtrading.com/2019/08/03/alibaba-receives-1500-twelve-month-price-target-from-cnn-yes-you-read-that-right/) +Hi! I need you guys help to stop me from doing something stupid! + +I currently live in Sweden and work for one of the largest banks, this allows me to borrow money at a interest rate of 0,25%. At least in Sweden we have a legal obligation to amortise 2% per year, this means that the lowest cost per year of my loan is 2,25%. + +So here is my idea: + +1. Take out a loan of 500K SEK --> ≈60K USD +2. Transfer money to IBKR (Need to be a US broker to collect dividends) and convert to USD. +3. Buy QYLD for full sum of loan. +4. Save some of the monthly dividend for taxes. +5. Remaining 10% of monthly dividend is reinvested (to counteract price decay) in QYLD. +6. Remaining 90% of dividend get sent Moneygram (is cheaper than IBKR) account to convert back to SEK. +7. Use remaining 90% dividends to pay off loan. +8. Rinse and repeat until loan is paid off. + +As long as dividend per year after tax and currency conversion is higher than 2,25% I will make money is my belief. + +IBKR has a zero fee commission on ETF:s with Global X. + +Have I missed something???? + +Also, How does tax work in US? Is the tax paid automatically when dividends are received or how does that work? + +Thanks to any party poopers! :D +This was an incredible read and I definitely recommend the full book if you have the time. These were my favourite parts of the book. + +- Graham value investing is not about showboating or flouting ones intelligence. + +- Humans have a natural tendency to follow a herd of other humans. In other words, because humans do not have unlimited time and complete information, they tend to copy the behavior of other humans. + +- The lollapalooza tendency is the tendency to get extreme confluences of psychological tendencies acting in favor of a particular outcome. + +- It is not enough to be contrarian; you must also be sufficiently right in terms of the magnitude of the positive outcome that you outperform the markets. + +- Investor over-optimismand its evil twin, over-pessimismare what make Mr. Market bipolar. The good news for people who can keep their level of optimism at rational levels is that the unpredictable but inevitable gyrations between these two states create opportunities for Graham value investors. + +- Similarly, when you buy an asset, it should be the best investment of all the investments that are available to you anywhere. + +- For example, if stocks have recently dramatically fallen in a market crash, investors tend to be afraid to buy, even though it may be the very best time to buy. + +- People are also more likely to buy stocks if the markets have been rising in price significantly. This psychological tendency to misweigh what is easily recalled is a major reason why people are attracted to lotteries despite the dismal odds of winning, as they have seen other ordinary people win a lottery on the news. Lotteries promote this love by distributing pictures to the press of people holding oversized checks. + +- In the context of investing, it is both a fact of life and a shame that so many people spend more time picking out an appliance than picking an investment or investment fund. + +- This is the reciprocal of his (Munger’s) investing advice: seek bets with a huge upside and a small downside (positive optionality). + +- Being a Graham value investor requires discipline. It is so much easier emotionally to follow the crowd than to be a contrarian. + +- The smarter you think you are, the more you may get into trouble doing things like trying to predict things that are not predictable. Due to overconfidence, a person with a high IQ can actually make more mistakes that someone whose IQ is 30 points lower. + +- Independent thinking, emotional stability, and a keen understanding of both human and institutional behavior are vital to long-term investment success. The best investors are those who have a temperament that is calm and rational. + +- Seth Klarman says “Unsuccessful investors are dominated by emotion. Rather than responding coolly and rationally to market fluctuations, they respond emotionally with greed and fear.“ + +- Speculators correlate activity with productivity or success, whereas Graham value investors correlate disciplined inactivity with success. + +- Intrinsic value is what a businessman would pay for total control of the business with full due diligence and a big bank line. The biggest indicator to me is where the fully controlled position trades, not where the market trades it or where the stock trades relative to comparable [businesses]. + +- Humans love stories because they cause them to suspend disbelief. Some of the biggest frauds in financial history, like Bernie Madoff and Ken Lay, were excellent storytellers. Stories cause people to suspend disbelief, and being in that state is harmful to any persons investing process. +**CONFIRMED - HITBTC IS A SCAM** + +Please be extremely cautious, if you have funds on this exchange it's advised you move them to a wallet that you control. At a moments notice HitBTC can decide they are going to keep your funds. + +Anyone else who has a grievance against HitBTC is advised to contact me by private message, more evidence is welcome in the claim I am making against the director (be it a nominee director they'll quickly give up the real owner) we will also get our lawyers to contact the banks to find out who is the signatory on the account. + +Stay tuned. + +---- +UPDATE 26/08/2017: + +HitBTC are refusing to return the tokens, even though I can prove I own the wallet that funded the account, My IP is the same, and I am requesting it be withdrawn to the same address I have always used. + +I contacted lawyers in China on Friday and have requested their legal address and company number in my support ticket. + +My e-mail account being deleted was out of my control, the fact withdrawals did not work for days on end was not my fault. + +In discussions with YouTuber's if anyone wants to make a video please get in contact the world needs to know about HitBTC, if they stole 50k I will happily spend 50k to highlight this fact and cause them more than they've stolen from me. + +Anyone with a website please contact me, blog, etc. + +---- + +Their withdrawals were disabled. +They randomly enabled 2FA. +My e-mail provider decided to delete my account. + +I have: + +1. Requested balance withdrawn to the same withdrawal address I have always used, since day 0 of owning the account. +2. Proved I own the wallet that funded the account, verifiable by block chain. +3. Am logged in with the same IP address used on the day of account creation. + +They are refusing to return the tokens. SCAM BEWARE. NO COMMON SENSE AT ALL. + + +---- + +OK. Let's apply some basic logic here. +*CONCERN 1:* Your concern is that someone could have logged into the account, and requested a withdrawal right? And the original account owner will come along and start a post on reddit saying e-mail 2FA disabled lost my money, that was your claim. +*ANSWER 1:* I am only requesting you withdraw to the SAME address used previously, the only one ever used. If I am someone else, I am sending the funds to the ORIGINAL OWNER of the account as it's the same bloody address. +*CONCERN 2:* We don't know you are the account owner. +*ANSWER 2:* I have proven I am the owner by indisputable facts, I own the wallet that funded the HitBTC account - verifiable by blockchain. I have sent a deposit of 0.1 when I opened this ticket to my account. No one in the world has the private keys but me, thats the way this stuff works. I own the wallet that funded the account. +*ANSWER 3:* Check my IP address, it's the same as the day the account was created. +Please can you answer these facts? Or are you just wanting to steal my money? /u/hitbtc + +---- + +I would like to make the Reddit Crypto community aware that HitBTC.com has in effect stolen 150 ETH from myself and at the time of this post that is $50,000 USD. + +I understand this is partially my fault but it's no excuse for the lack of support. + +On the 2017-08-20 I decided to buy DNT, I deposited 200 ETH worth, at the time that being $59,942.62 and withdrew the DNT tokens no problem. Happy with my purchase I thought I would also buy the ZRX token, so I deposited 150 ETH to buy ZRX. I purchased the ZRX (and got a terrible rate) however when I went to withdraw the ZRX it said due to technical issues I was unable to withdraw ZRX at that time. No problem I will return later. + +I returned yesterday and attempted to withdraw my 50k USD (150 ETH) worth of ZRX to my token wallet, the same one I used for my DNT withdrawal, the only one ever used on my HitBTC account. + +This is when I get an alert saying confirm withdrawal by e-mail, uh oh. I used a free email address, which was disabled by the e-mail provider as I didn't use a real name or details, my fault I know right? However 2FA was never enabled, and suddenly it was. No problem I will contact support. + +Support isn't being helpful, I requested withdrawal or an e-mail address change. + +1. I have proved ownership of the ETH wallet that funded the account, it has in excess of $XXXk USD. I sent a verification deposit of 0.1 ETH to my HitBTC account, to show I am the original person who funded the account. What more do they want? + +2. I am requesting to withdraw all my ZRX tokens to the same address I have ALWAYS used, the only address I have used not a different one. The ONLY ADDRESS ever withdrawn too on this account NOT a different one. + +3. My IP address is the same as the day I opened the account. + +4. I wouldn't be in this situation if 2FA Email Confirmation hadn't been randomly enabled. + +5. I wouldn't be in this situation if ZRX withdrawals were working, I would have withdrawn them straight away on the day I purchased them. + +I am getting nowhere with HitBTC support, I have hit a brick wall. I am not sure if this is a deliberate attempt to steal my funds or just bad service, there is no common sense just canned replies anyone else can see I am the person who created the account I have access to the wallet that funded it, the one I withdrew too in the past, and I am asking it to be sent to the same wallet I withdrew 200 ETH worth of DNT too, not a random address. + +Until this situation is resolved I would just warn others to be careful and not do large deposits to HitBTC. I wouldn't be in this issue had 2FA been randomly enabled or if ZRX withdrawals were working the day I bought them, not days later. + +Yes I understand I shoudln't have used a free email address but it's easy enough for them to update my e-mail address or process the withdrawal to the only address I have ever used and withdrawn successfully too in the past. + +I'm unable to find what country they are incoporated in, nor have they answered my requests for their legal address and incoporisation number of their company. Very shady, beware. + +If a staff member wants me to provide evidence to this I can provide screenshots, the transaction, my wallet with in excess of XXXk USD worth in it, etc. + +What are my options? +I don't know the numbers or degrees, but I know that economic downturn certainly harms human life, and isn't just 'about the money'. Unemployment raises death rates for sure, right? And I'm sure other people die due to decreases in goods and services available. It's also not like quality of life counts for nothing, and bad economic times clearly hurt quality of life for many people, and may also shorten life expectancy for some. Long story short: Depression also bad, yes? + +So, it seems clear to me that our actual goal is to balance the interests - preventing the disease from harming people, and preventing the economic contraction from harming people - in the way that does the least damage overall. How is it more 'compassionate' to ignore the consequences of the economic component, when it does real damage as well? + +Am I missing something in this reasoning? And if not, do we have some vague idea about where the balancing point is in all this? +**\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** + +# Introduction (DD starts below) + +Apes, did you know that there are usually about 80 confirmed cases of deadly shark attacks per year. You know what nobody ever talks about though? The fact that sharks have TWO, count it TWO, FUCKING PENSIS. I am not making that up. Imagine what I could do with two penises. I'd have twice the total dick length. I might have to rename myself HomeDepotHank3InchesTotal. + +On the topic of cocks, did you know that many reptiles have two penises as well? They call them hemipenes. SUCK MY HEMI PEEN SHILLS. + +As many of you know, I am a music aficionado. I like to listen to my fair share of classical music like Megan Thee Stallion and Linkin Park, Jazz music like Fifth Harmony, and even heavy metal like Coldplay and Carly Rae Jepsen. However, I recently came across a beautiful artist who I was not previously aware of. He is a contemporary opera singer named Wheeler Walker Jr. Some of his most popular songs reminded me of this current situation: + +"Fuck you bitch" - how I feel about shorts + +"Pictures on my phone" - my DD + +"Pussy King" and "Rich Sumbitch" - apes when the squeeze is over + +"Finger up my butt" - me sitting on the toilet scrolling through this sub every morning + +"Sleeping on the Blacktop" - shorts after they go bust + +"Drop 'em out" - shorts getting squeezed out of their positions + +"Sit on my face" - me every time I see my wife's boyfriend + +"Still ain't sick of fuckin you" - apes when the shorts beg for mercy + +"Dicked down in Dallas" - shorts who live in Texas during the squeeze + +"I like smoking pot (a lot)" - my wife + +(These are the actual titles and this guy is actually real, I love the internet). + +**Alright apes, enough joking around, it's time to get serious** + +# Where the DD actually starts + +There has been an absolute slew of data in the past month about FTDs, dark pools, and rule changes. As many of you know, I have been pumping out a bunch of DD about the FTD cycle. After reading tons of posts about dark pool DD and DTCC rule changes, I think I now understand how all of this fits together and have thus made this GME theory of everything. The DDs that I read on dark pools and OTC trading are the glue that connects everything together IMO. + +In this post, I will be me connecting my own DD about FTDs to other users' DDs about dark pools, DTCC rule changes, and ETF shorting in order to give us a bigger picture of what all of this is and means. Thus, there will be absolutely no prediction in this post, however, it should help you understand how everything is tied together and the fact that because we don't know the exact extent of shorts' exposure, it is impossible to predict when the MOASS will occur. I am confident though that we are nearing the light at the end of the tunnel. With that, Apes, I present to you: HOMEDEPOTHANK69's DEFINITIVE GME THEORY OF EVERYTHING. Enjoy.... + +**Roadmap** + +Alrighty apes, I am going to first briefly explain my own DD on the FTD cycle. Next, I am going to summarize some DD from a user about OTC trading and dark pools relating to GME. After that, I will summarize some DD from other users about how new DTCC and other agency rules affect GME in the future. Finally, I will summarize how ETF shorting plays into GME. After that, I will go into how all of these fit together in one big beautiful orgy that explains where the HFs are at with GME and why they are there. This will allow us to understand our current position. + +# Summarizing DD of FTD Cycle, new rules, OTC trading, and ETF shorting of GME + +**FTD Cycle** + +Below are the links to my posts on the FTD cycle: + +[Post 1](https://www.reddit.com/r/Superstonk/comments/myxei0/hank_returns_with_some_ftd_cycle_dd/) [Post 2](https://www.reddit.com/r/Superstonk/comments/mzd0sf/dd_update_from_hank_ftd_cycle/) [Post 3](https://www.reddit.com/r/Superstonk/comments/mzzb65/quick_update_from_hank_ftd_cycle/) [Post 4](https://www.reddit.com/r/Superstonk/comments/n1dy1a/a_hankdate_gme_ftd_cycle/) [Post 5](https://www.reddit.com/r/Superstonk/comments/n1wqlg/huge_ftd_cycle_dd_update_from_hank/) + +Essentially, the FTD cycle is the idea that because shorts have continuously shorted GME, covered it with borrowed shares, and used naked shorts, their short exposure is multiples higher than the actual shares of GME in existence. Because of this and SEC rules forcing them to cover every 35 days, there are predictable price and volume hikes on the chart that coincide with them covering. As every FTD cycle passes, the price to cover gets more and more expensive, and more and more shares are required (naked or not) to maintain their position, which makes it progressively more expensive and progressively increases their position. This increase in expense is going up exponentially, so each cycle is more expensive for them to keep their positions, and eventually, the pressure will be too much for them and they will be forced out. Because heavy naked shorting probably started in early 2020 for GME, with each passing month their exposure increases drastically because a naked short gives them double the obligation (they must cover the short and the nakedly created share). This is why I believe that their current short position is multiples higher than the amount of GME shares in existence. Therefore, they've dug themselves into a hole (hole is an understatement, it's more like an abyss) that they cannot get out of and are trying to slowly unravel the FTD cycle, which is only possible if apes sell. Because apes have not sold, the FTD cycle continues and gets progressively more expensive and they cannot get out of the abyss, they can only kick the can down the road. Similar to the January squeeze, eventually the pressure will be too much and they will be forced out. Here is a picture of the FTD cycle on the charts from one of my posts: + +https://preview.redd.it/aptkte0kvhx61.png?width=1518&format=png&auto=webp&s=f95b969d4b3acd1ef5c318065d224cfb192271cd + +This doesn't give you the full picture of the FTD cycle but it gives you a generalization of its thesis. If you want to learn more about it, see my other posts. + +**OTC/Dark pool trading** + +*All credit for this goes to the absolute KING who is* u/nayboyer2*. Here is his* [*original post*](https://www.reddit.com/r/Superstonk/comments/myf505/probably_the_last_dd_youll_ever_need_to_read_the/)*.* + +According to his post, Citadel, Virtu, and Two Sigma are and have been trading MILLIONS of GME shares in dark pools and OTC exchanges. He used publicly available data from FINRA and converted it into charts and spreadsheets (again FUCKING KING). He plotted the ownership of GME shares of these firms. He found that these firms are trading over 1000 shares of GME for every one that they own (let that sink in). He also found that an exorbitant amount of shares are trading in dark pools when compared to the float. This data is irrefutable because, again, it is publicly available FINRA data (i.e. he's not just making a theory, he's just saying what the data shows). Here are some important screenshots from his post: + +https://preview.redd.it/owemuaknvhx61.png?width=1386&format=png&auto=webp&s=f7523a863e97c3f8ecdb9e277cedfc3f0c729b26 + +https://preview.redd.it/uck7fejovhx61.png?width=1150&format=png&auto=webp&s=f213f69fb05c91d7fff17739fba96b4c0782457c + +https://preview.redd.it/gjinhpepvhx61.png?width=1206&format=png&auto=webp&s=94760b5e594291ca78e7bf6a66e7e97c7daeebf2 + +The takeaway: there is a massive amount of dark pool and OTC trading of GME, it's multiples higher than the actual float. This is just publicly available data that they've reported, so I would guess there's even more to this than we can see from public data. Seriously, check out this post if you haven't, it is a masterpiece. + +*I am just scratching the surface of this, it's only meant to be a summary, I encourage you to read his post. I'd let him have a night with my wife ANYTIME.* + +**New Rules** + +*All credit for this goes to the absolute KING who is* u/c-digs*. Here is his* [*original post*](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/)*.* + +In his post, he theorizes that all of Wallstreet knows what's going on with GME and that we have been trading sideways for so long because Wallstreet is waiting on several crucial rules from organizations like the DTC and OCC to be passed that will essentially ensure that Citadel can't completely break the market when they go bust. The user believes that once these measures are passed, a firm (he thinks BlackRock) will put tons of buying pressure on GME and cause the squeeze because the measures would make the blow to the financial system more containable. He also points out that in a single week multiple banks broke the record for bond offerings (i.e. they want to have cash on hand). This user believes that a few institutions are in GME too deep and everyone knows it and the influx of rules is meant to make the unraveling safe for Wallstreet, therefore, Wallstreet is waiting to pounce on GME until the middle of the summer when these rules would be passed (at the latest). He gives specific rules, how they will essentially take exposure off of clearing companies and put it on members and the defaulting institutions, and shows the latest possible dates that these proposed rules may go into effect. + +*I am just scratching the surface of this, it's only meant to be a summary, I encourage you to read his post. I'd let him have a night with my wife ANYTIME.* + +**ETF Shorting** + +*All credit for this goes to the absolute KING who is* u/leenixus*. Here is his* [*original post*](https://www.reddit.com/r/Superstonk/comments/n4axra/95_gme_etfs_3_months_of_ftds_visualized/)*.* + +There are tons of posts about how ETFs are being shorted in order to a. put indirect pressure on GME and b. hide FTDs. I particularly liked this post because of all the charts, which make my smooth brain tingle. I won't go too far into this because most of us already know that another tactic used by HFs is to use these ETFs to put more pressure on GME and to hide FTDs. Here are some important screenshots: + +https://preview.redd.it/skufmdpvvhx61.png?width=1410&format=png&auto=webp&s=27cfc9c831e755a0e15705128e1fb12ef87c0d27 + +https://preview.redd.it/ulxh5cmwvhx61.png?width=1284&format=png&auto=webp&s=9f189cc3a4023fadaf2e099dd57ec72b3eb5b443 + +*I am just scratching the surface of this, it's only meant to be a summary, I encourage you to read his post. I'd let him have a night with my wife ANYTIME.* + +&#x200B; + +\*\*I am not taking credit for the above three DDs. I am using their DD to contribute to my overall theory. Please see their posts as they are spectacular. These are truly KING apes\*\* + +# How all of this fits together + +https://preview.redd.it/isdrqz6yvhx61.png?width=1396&format=png&auto=webp&s=2e36c37b3e968f156657bb9b7bdd47063b038b1c + +So, we have the FTD cycle, Dark pool/OTC activity, ETF shorting, and upcoming rules that could benefit us. But how do all of these fit together? (again, this is just my opinion and it could be wrong). I will guide you through the conclusions I make as I go by bolding them. + +First, the dark pool/OTC data indicates what we all already know: HFs are in a giant fucking hole, an abyss. They borrowed shares, covered those borrowed shares with borrowed shares, shorted with borrowed shares, covered those with borrow shares, and so on. They have been repeating this forever, which is why the price of GME is still so high and volatile. They do most of this covering in dark pools to suppress buying pressure and do other shady things in these dark pools so it goes unnoticed (more on that below). + +Moreover, GME's OBV has always perplexed me. How could OBV still be this high post squeeze? The DD on dark pools explains that (i.e. they are covering on dark pools to suppress buying pressure and OBV shows that). This means that apes did not sell post-squeeze and that the HFs did indeed use naked shorts to create artificial selling pressure (OBV is the yellow line): + +https://preview.redd.it/m4175igzvhx61.png?width=902&format=png&auto=webp&s=17b67302299d87b4d33a5d5c088c7f43dbc0fbcb + +The OTC data also explains the low volume. The funds are covering in dark pools in an attempt to suppress buying pressure, which is why volume has been so low lately. This also explains the random 1pm jumps in buy volume that I noted in a previous post. Finally, this further explains why GME reacts so strangely to catalysts - there are outside forces (OTC trading) that are currently bogging down the price. If a catalyst happens to line up with when they have to cover (i.e. February 24), then we will see positive volume, if not, there is still massive selling pressure on even positive news. + +Furthermore, the dark pool/OTC data provides almost irrefutable evidence that 1. there is still fuckery afoot with GME, 2. the shorts have indeed dug themselves into a hole that they cannot get out of 3. the exposure that the short funds have is astronomical, and 4. unless for some odd reason all apes sell, the MOASS will in fact happen and it will happen big. Essentially, I believe that we now know exactly what's going on, we just don't know the exact numbers of it (i.e. we don't know their precise exposure or how many shares they borrow or use to short during an attack). The fact that GME's price is still insanely volatile and is trading over 5x what most analysts think it should be and the fact that an INSANE amount of volume is coming from OTC markets demonstrates that shorts still indeed have large positions are still very much IN THIS BITCH. + +**Conclusion 1: HFs are indeed in a deep hole, have not covered, and are trading in high volumes in dark pools in an attempt to kick the can down the road. All of this explains the low volume.** + +In the OTC data post, the user shows that the institutions involved in these dark pools do in fact own shares of GME; however, they are trading over 1000x the shares that they own. A few days ago, I remember seeing a post from someone who contacted Interactive Brokers asking why the borrow fee was so low (I don't remember the post but if you do please link and give user credit). The person said that GME is one of the hardest stocks to short right now but the reason that the borrow rate is so low is because there is almost zero demand. + +**Conclusion 2: GME is insanely hard to borrow right now and there is very little demand to short it** + +Next, dark pool activity helps us to further explain the FTD cycle. Why do we see these spikes in price and volume every 35ish calendar days? SEC regulations force them to cover. Why does it keep happening? The OTC data shows us that they are STILL naked shorting. Why else would there be this much OTC activity. That shows us that HFs are continuing to naked short and cover with borrowed shares every day, thus digging themselves in a deeper hole (because naked shorting creates 2 obligations - covering the short and covering the naked share) and it's getting more expensive to do so as time goes on (FTD cycle) because their short position is increasing rapidly as shown by the OTC data. + +https://preview.redd.it/luan1b21whx61.png?width=817&format=png&auto=webp&s=22488dac3696615829aa4853b16daa22e9b2abd8 + +**Conclusion 3: The OTC data adds credence to the idea that the FTD cycle is getting more and more expensive and that shorts are increasing their short positions rapidly as time passes** + +So if all of this is true, why isn't some whale coming in to take advantage of it and benefit from a squeeze as many of them did in January? That's where the new rules DD comes into play. Because Wallstreet has access to better, more accurate data than is publicly available, they probably already know what we are just starting to figure out. Why else would the DTC and OCC put in all these rules related to liquidation, bankruptcy, and oversight right after the GME squeeze? Therefore, potential whales are purposely sidelining themselves until these rules are passed, so that they don't completely destroy the financial system in unraveling these short positions. If some whale came in and tried to start the squeeze now, there's a good chance that it would cause a collapse in the financial system because clearinghouses would go bankrupt from having to cover for the shorts who default, which would tank the whales' other assets; however, because of the proposed rules, doing so would only make a few institutions collapse, which would save the whales' other positions in the market. + +**Conclusion 4: Whales have purposely sidelined themselves and are waiting for the proposed regulatory rules to take effect so the squeeze doesn't destroy the financial system.** + +Back to OTC data. Why would an institution want to trade on a dark market? The first reason is to suppress buying pressure. The second reason is so that the broader market cant see what they're doing (without taking a deep dive like our ape KING did). The third reason is because they may be employing trading strategies that are borderline illegal, would cause a lot of suspicions, and would make GME dangerously volatile. Because dark pools allow institutions to trade with each other absent an exchange, I believe that this is what they're doing on those pools: they are buying and selling back and forth between each other at a rapid rate in order to drop the price. These are the short attacks that we see. Ever notice that it seems to take about half the volume for the price of GME to go down $5 (arbitrary number) as it does for it to rise $5 (arbitrary number)? This could be why. Moreover, I also believe that they are limiting their covering ONLY to dark pools to suppress buying pressure in public exchanges. Why do I believe this? If there was nothing crazy going on with GME then why is there still an asininely high amount of dark pool activity similar to what we saw during the squeeze? + +**Conclusion 5: Shorts are using dark pools to suppress buying pressure and to drop the price by rapidly trading between each other.** + +Back to the fact that it is getting harder and harder to borrow GME and there is very little interest. What I believe is happening is, as said above, these funds are rapidly trading back and forth between each other to drop the price, are borrowing shares from each other, are covering with borrowed shares, and continue to use naked shorts. HOWEVER, because the availability of borrowed shares in the broader market is drying up and because the shorts only own so many shares that they can borrow and trade between each other, their supply is drying up, so they can't continue this forever. Because apes continue to buy, the amount of shares available is further drying up. The longer these funds continue to borrow shares, make naked shorts, cover with borrowed shares, and borrow each other's shares, the more the shares available to borrow dry up. As the FTD cycle rages on, this also becomes more expensive over time. Thus, they are playing a losing game but financially cannot stop playing this game because they're in so deep. Therefore, the squeeze will happen when the supply of shares completely dries up and their short positions slowly (or rapidly) start to unravel or when the FTD cycle makes continuing their game too expensive. + +**Conclusion 6: The squeeze will happen once the availability of shares to borrow is completely dried up, which seems to be rapidly approaching.** + +https://preview.redd.it/4bcl5rm2whx61.png?width=1018&format=png&auto=webp&s=5d5ba7fc4d299220b605b278ee50b76331747fa4 + +Moreover, many people have also noted that GME and AMC trade disturbingly similar in price and volume. I'll also add that this seems to be true for other stocks that were squeezed in January. Why do you think stocks like AMC, GMC, KOSS, BB, NOK, EXPR move so similarly? It's because they are all victims of the FTD cycle as well. Why do you think all of these stocks squeezed at around the same time and why do you think brokers simultaneously halted trading on all of these stocks? Because naked shorting is a cancer infecting the market. Shorts got too risky during covid and thought that all of these companies would go bust, so they abusively shorted them hoping to get the bankruptcy jackpot. Bankrupting these companies would let these funds be off the hook for covering because the company would no longer exist, so there would be no share to cover. However, J Pow then turned on the money machine and we saw the greatest recovery of all time. Realizing how bad HFs fucked up, brokers had the choice of facing bad press for restricting buying or allowing the FTD cycle to unravel and let the financial system collapse. They did the rational thing. Then, realizing that the problem was still grossly persistent, financial regulatory companies started implementing more and more rules to prevent the unraveling of this from destroying the economy when it does happen. + +No one says this but why do you think literally every brokerage did exactly what RH did? Do you really think they all had liquidity issues? No. It's because they all knew what was happening because they had the access to the data. They knew that if they let it squeeze, it would bankrupt Citadel and they'd be on the hook for it. However, now that there are all of these new rules in place, they can allow it to happen once all of the rules are passed. + +**Conclusion 7: The FTD cycle is persistent and exemplifies the naked shorting problem in Wallstreet that Dr. Trimbath discussed.** + +https://preview.redd.it/jtxacny3whx61.png?width=772&format=png&auto=webp&s=8fea66e244ed1e994aa7423affaf1d618ddd1276 + +Back to GME specifically. In one of my previous posts on the FTD cycle, I used this chart to make sense of T+35: + +https://preview.redd.it/cht9r9c6whx61.png?width=1304&format=png&auto=webp&s=a424f956cc9fbed4a6e23f13923f2bf1794a6556 + +Notice the low volume in February. I have long said that I don't think that the CFO being ousted is what caused GME to double in February, it just doesn't make sense. Instead, I believe that once brokerages turned off buying power in January, the HFs again amped up their naked shorting to get the price down to where they could possibly cover. Obviously, some people sold but OBV tells us that it wasn't enough people to get the price all the way down to $40. What explains this? Naked shorting in dark pools to disguise what's really going on. Then, at the end of February, T+35 starts coming in to play and HFs must cover for what they did to end the January squeeze. Obviously, they continued to apply more naked shorts throughout this (March 10th anyone?), so their short positions continue to grow and the FTD cycle continues to persist. Perhaps today's low volume, slightly downward price action is similar to what was happening in February (just a thought). + +**Conclusion 8: The February rise was the result of forced coverings from the January drop and demonstrates that the shorts still have large positions.** + +Back to the dark pool data. One of my favorite things from that was the fact that there is not just one player. There are multiple players in this game, which suggests that they are working in tandem. What I posit happened is that these funds all saw the same thing in early 2020: GME is struggling, covid will likely bankrupt it, so let's take some risk and apply naked shorts to hit the bankruptcy jackpot. Instead, the market roared back, GME had a slew of good news in mid-late 2020, and the shorts got themselves in this abyss because they continued to apply more and more pressure on GME. Again, a naked short makes your obligation double because you have to pay back the share that you borrowed and you also have to fulfill the obligation of the share you nakedly created. So every time they apply more pressure, sure the stock goes down, but their net short position goes up exponentially. This is why the FTD cycle persists. Just to kick the can down the road, they use synthetic longs and ETFs to hide and delay their FTDs. + +**Conclusion 9: Funds are working in tandem because they are both in too deep but it is futile and is just delaying the inevitable.** + +But what are some of their other tricks? As we know, they like to hide/delay their FTDs through synthetic longs (ITM calls). But what they also do is short the ETFs that contain GME. This applies much less efficient pressure to GME and shows that they are getting really desperate. How do we know that they are doing this? Well, just look at the FTD numbers of those ETFs. + +**Conclusion 10: Their activity on GME-containing ETFs demonstrates how desperate they are getting** + +But wait a minute, Hank. Do you have any actual hard data that can back up the FTD squeeze theory? If you would've asked me this any other day except for today the answer would have been no. Thanks to u/AOCsquad126 and u/leenixus [for this beauty of a post](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/). In short, the post uses a model with a linear margin call price trigger on GME. It's very fascinating and I suggest you take a look. In short, I believe this post gives further credence to the idea that the shorts are bleeding more day by day because it is getting more and more expensive to maintain their positions. Why do you suppose it gets more expensive day by day? Oh I don't maybe it's because of they keep borrowing and borrowing. Finally, the OP makes an excellent point here that, when they get margin called, we will not know for up to T+35 days (he gives the example that Archegos was margin called in February but the effects weren't seen for another month). This gives further credence to the idea that the MOASS will come randomly and out of nowhere. Here's a screenshot from the post: + +https://preview.redd.it/q2xvimp7whx61.png?width=1354&format=png&auto=webp&s=edeefebb873ff9330aae2bd294d931f6deb7daa3 + +**Conclusion 11: I like the stock. I like the FTD cycle.** + +&#x200B; + +**Putting all of the conclusions together and putting them in context:** + +Below is what I believe is the timeline of GME thus far. This is a summary of my theory of everything: + +https://preview.redd.it/3sn7qdio0ix61.png?width=822&format=png&auto=webp&s=cde72d5259a47902b70d41ea9fba052b531322f0 + +**Conclusion 12: Tendies** + +https://preview.redd.it/jjldjgb9whx61.png?width=705&format=png&auto=webp&s=49ce44de339ed741405e21fffe1fe2bc90d1eaf6 + +# Some other thoughts + +**Catalysts** + +It has long been a sentiment that a catalyst will cause the MOASS. Though I wholeheartedly agree that this COULD be true, I want to emphasize that is not the only option. First, as I've said above GME reacts strangely to catalysts because of FTDs and shorting (doubled on CFO ousting but went down on RC being named daddy/master/lord/senpai of the board). We still have many possible catalysts: CEO announcement, partnerships, crypto shit, etc. However, it's important to remember that January was not caused by a catalyst. Sure, the events leading up to January were caused by catalysts (SI being sky-high, media coverage, RC, tweets, etc.); however, the actual squeeze in January wasn't spurred by a catalyst. It was just the shorts being forced to cover due to the price rising. After seeing how GME reacts to catalysts, I believe that the squeeze will not happen because of a catalyst but will happen in a similar fashion to January: completely unexpected because the shorts were forced to cover. Could a catalyst cause the squeeze? Hell yes. I personally think that a catalyst might cause it to rocket, but similar to January, the real squeeze will happen after an initial rocket due to catalysts and will be the result of the shorts being forced to throw in the towel, not a catalyst squeezing them out. Essentially: catalyst-> rapid price jump but not squeeze (think early January) -> parabolic price jump caused by rapid price jump squeezing out shorts (think January squeeze). + +**How this is disturbingly similar to 2008** + +In 2008 institutions sold risky mortgages to people who shouldn't have qualified for them. That was bad. They also created mortgage-backed securities with these risky mortgages in them and sold them across Wallstreet, which gave the entire financial system exposure to bad mortgages. That was worse. They then created collateralized debt obligations that were essentially bets for and against a default on these loans (i.e. they made derivatives of these MBS). That was fucking terrible. They then made synthetic CDOs, which were bets on the reverse side of the CDO (i.e. a derivative of a derivative). That was a nuke. All the while half of Wallstreet was buying credit default swaps, which are derivatives that bet for a default to happen. This was Wallstreet canabalizing itself. That was a huge generalization of 2008, though. So essentially, the derivates market for these bad mortgages was about 10-50x more than the value of the actual underlying asset (the MBS), which is why when the underlying failed, it almost caused another Great Depression. By making bets on bets on risky assets, they created a web that, once volatility happens, would unravel (because once the underlying fails the derivatives fail and the derivatives of the derivatives fail). They essentially dug themselves into a hole that you couldn't get out of because they made all of these derivative bets that far exceeded the actual value of the underlying asset. Sound familiar to what I said above? Financial crises happen when institutions place risky bets and make bets on these bets. When they make layers of derivates like this, it makes the system seem like it's booming for a while but as soon as something goes bad, it all unwinds in a tragic way. That's what's happening now with these webs of naked shorts. + +# The Future + +With all of this in mind, here are my thoughts about the future. As I have said, I believe that the FTD cycle is slowly chewing away at the shorts, and I think that the dark pool data helps confirm this. I also believe that the timing and contents of the aforementioned rules is very interesting. + +Therefore, I believe that either A. the pressure on the shorts will overwhelm them and their positions will be forced to unravel, or B. with the safeguards put in place from the new rules, a whale will come in and unravel the positions for them. + +This post has no dates. I personally like posts with dates if they have a ton of research behind them and are logical. However, as we've seen, though some people can predict certain price action, no one can predict the MOASS. The MOASS will come, we just won't know when because we don't know exactly how much blood the MMs have lost yet and how close they are to dying. All we know is that they've lost a lot of blood and keep losing more. So, none of us will see the MOASS coming, but it will come (just like my wife when she's with the mailman). + +Though I have no dates as to the happening of the MOASS, I leave with this: + +https://preview.redd.it/paptvkxbwhx61.png?width=577&format=png&auto=webp&s=2f7e28415c832a42569db24ad4c22274933b4814 + +# If you have FUD, read this + +I, like all of you, have been a victim of FUD. I often think to myself, "they know more than us, there's no way they'll let this happen again" or "it's been trading sideways, it's all over" or "they have more resources than us and will end this quick." FUD is a bitch. FUD is the type of girl that your wife's boyfriend avoids. To help some of you who are experiencing FUD, here is what I always remember whenever those thoughts enter my head: + +The thesis of this part of the post is that what's happening to GME is not normal, which validates all/most of the topics discussed in this sub. Yes, a short squeeze to that magnitude is abnormal, but what really gets me with GME is what happened AFTER the squeeze. Find any stock that has been massively squeezed, and you will see that it doesn't behave like GME has been for the past few months. If GME would have held around $30-50 like it did post-squeeze and didn't rocket up to 100>200>300 in the past few months with all of this crazy trading action then all of these theories would be very farfetched. However, as I have said a billion times, the chart and data are all that you need to see to know that this stock is still not normal. + +Therefore, + +It is not normal for a stock double in the span of a few hours on news of a CFO getting fired (2/24). It is not normal for a stock to open at above 250, go to 350 before noon and then fall down to 172 all before 2pm on absolutely no news (3/10). It is not normal for a stock to tank on earnings and then literally make back those losses the very next day on absolutely no news (3/25). It is not normal for a stock to double on news of the CFO being ousted but to go down 5% on news that the key player (Cohen) is being announced as the senpai of the board of directors. It is not normal for a stock to stay above $150 when every Wallstreet analyst says it's not worth more than $50. It is not normal for a stock to have an extremely negative beta. It is not normal for a stock to fluctuate in value by 10x over the span of a few months (up AND down) on very little fundamental news. It is not normal for multiple forums talking about the same stock to be infiltrated repeatedly by suspicious accounts trying to create FUD (i.e. shills really on exist on forums discussing GME, not regular retail investing forums like [r/investing](https://www.reddit.com/r/investing/) and [r/stocks](https://www.reddit.com/r/stocks/) (which I am banned from hahahaha)). It is not normal for a stock to be universally hated by mainstream finance yet still be trading over 5x what they believe the fair value to be. It is not normal for a stock to get squeezed, fall back down, then almost regain its squeeze price on no fundamental news. It is not normal for a stock to have OTC activity that is multiples higher than its daily volume and float. It is not normal for that OTC volume to be comparable to the January squeeze levels despite "ThE sQuEeZe BeInG oVer." It is not normal for DTC to be implementing a slew of rules about the very things we are talking about. It is not normal for a stock to have random volume spikes in the middle of the day on absolutely no news. It is not normal for ETFs containing said stock to be abusively shorted as well. I could go on and on. If you have FUD, come back to this, and you'll realize that though we might be early, we're not wrong. + +Does it really make sense for GME to be trading on volume below 5 million consistently (on Wednesday we hit a number we haven't seen since early October) when every boomer analyst says it's 5x overvalued in price and there's an insane amount of interest from retail investors? No. It makes zero sense. On one hand, you'd expect those boomers to short it because it's so overvalued, but they're not. That's because it's almost impossible to borrow (unless you're a MM) and they know what's going on. On the other hand, you'd expect the media to be saying "this is crazy, it shouldn't be 5x overvalued, short short short" every day, but they aren't. That's because they know what's going on. Apes, I'll say it again, THIS ISN'T NORMAL! + +# Conclusion + +Well apes, if you've made it this far I applaud you. That was a mouthful to say the least. Thank you for sticking with me to the end of it, this was probably my most in-depth DD and also the one I enjoyed making the most. Please take this with a grain of salt and remember that it is just my opinion, you should always do your own DD before making any decisions. + +Apes, I hope you realize what this community has done because it's astounding. Between WSB, GME, and SuperStonk, regular, novice investors have pieced together the puzzle that only large financial institutions are usually able to do. What's even more amazing is that this was done using limitedly available, often incomplete public data. The level of complexity of some of the DDs that I've read is on the level of publishable. The volume, complexity, and completeness of data in this sub is spectacular. Fuck Robinhood's "DeMoCrAtIzIng iNvEsTiNg" bullshit. This sub is democratizing investing, and let me tell you, it's been an honor to be a part of this community. As always... + +Stay strong, apes. + +**TL;DR** + +See "**Putting all of the conclusions together and putting it in context"** section with the 17 numbered points. + +**\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** +This may be anecdotal, but it felt worth mentioning. I went to a popular chain for a $57 new patient exam, cleaning, and x-rays. They found multiple cavities and I spent $600 on getting them fixed. I could only afford to do half of them at once, and was going to come back to finish on another day. + +In the mean time, I got a new job that offered dental insurance. So I went to a private dentist office instead to finish up the work. They said I had zero cavities or problem teeth. I went to a second office just to be safe, and they said the same thing. + +It seems pretty scammy to me. Just be careful. +Hi everyone, + +I want to make clear that I don’t have a horse in this race. I don’t know enough about the theory (or economics in general) for that. But I’m fascinated by what I think is an interesting, fresh approach to some of the big questions we face at the moment such as low inflation, negative yields, the role of central banks, etc. + +Unfortunately most discussions I’ve seen on this tend to descend into unproductive infighting. Let’s hope that’s different here. + +Thanks! +So I just recently sold my first property and turned a good profit after almost 6 years of owning it. This was my first time selling a property so I relied on the realtor for a lot of advice. When he first saw the property ahead of listing, he recommended a price of $210k and I agreed since it was in the range of comps that had sold around that time, a month ago. I ultimately ended up accepting a full cash offer for $203k with a waived inspection, at his recommendation before it even hit the open market. This was still above the price of most of the condos that had sold during that time. Well, we just closed last week and 3 days later it shows up on all the platforms listed for sale at $240k. He’s listed as the realtor representing the property. For background this is a 1/1 condo on the water in south Florida. + +Am I an idiot for not listing it for more or is this just the result of a crazy and fast moving market? Did my realtor just pull a shady move? + +Edit: I appreciate all the responses. Spoke to a trusted realtor/broker I know in another part of the state and they agreed this was extremely unethical. Also did some digging into the documents and saw that that The name was changed a couple of weeks before closing to a corporation who’s address is in the same building as the realtor, so the case for shadiness is mounting. + +TLDR: Sold my condo for $203k at the recommendation of my realtor. 3 days after closing it’s listed again for $240k. Was I just duped? +Hi /r/Bitcoin! + +You might've heard of PTSD. It's a debilitating illness usually affecting people who are _already_ victims, like sexual assault survivors who still suffer and are tormented every day since. Not only do they experience traumatic flashbacks, even sleep is no relief thanks to serious nightmares. It is life threatening. + +Existing treatment for PTSD aren't great. Therapy can be helpful, but they're often not enough, especially for severe PTSD. There are only two drugs approved by the FDA: SSRIs like Zoloft and Paxil. Those drugs must be taken continuously, and can cause serious side effects. Mania, seizures, inability to orgasm, and suicide are known side effects. + +In 1986, a nonprofit named MAPS was started to develop legal contexts for beneficial uses of psychedelics and marijuana. 31 years later, MAPS has found its most promising candidate yet: MDMA-assisted psychotherapy as a treatment for PTSD. + +# The numbers: 68% (MDMA) versus 25% (placebo) + +They've already conducted Phase 2 studies in the US, Canada, Israel, and Switzerland. After a comprehensive therapeutic process involving preparatory sessions, MDMA-assisted therapy sessions, and non-drug therapy sessions, **61% no longer met the criteria for PTSD**. This improved to **68%** after a year. Of those who met the criteria, many experienced significant reductions in symptoms. This is compared to only 25% for the placebo group, who received all the therapy, but with a sugar pill instead of MDMA. + +For most people, the benefits are lasting. MAPS conducted one long-term outcome study, evaluating patients ~3.5 years after the last MDMA-assisted sessions. Average benefits even increased slightly over time. + +> "The MDMA sessions were the first time I'd ever felt love for myself. It was the first time I'd ever felt happy. I hugged my therapist and said 'Thank you.'" + +After MAPS' studies, the FDA granted ['Breakthrough Therapy Designation'](https://www.maps.org/news/media/6786-press-release-fda-grants-breakthrough-therapy-designation-for-mdma-assisted-psychotherapy-for-ptsd,-agrees-on-special-protocol-assessment-for-phase-3-trials) to MDMA-assisted psychotherapy. + +Now they need to conduct Phase 3 trials, which are far costlier due to requirements for an increased sample size, groups, etc, even through the stage with highest failure rates (Phase 2) is already over. MAPS has achieved the extra-ordinary journey of bringing MDMA-assisted psychotherapy all the way to Phase 3; a drug that pharmas will never touch because it will disrupt their recurring revenue streams of SSRIs. + +# Phase 3 + +Phase 3 will cost about $25 million. They've raised $17 million already ($1 mil from PF included), and need another $8 million to get to the finish line. + +I have never donated to MAPS (or even heard of them) before starting the Pineapple Fund. PF donated $1 million, and that inspired another anonymous donator to **give another $1 million** in bitcoin. To whoever you are, you're amazing, and you are inspiring. <3 + +**I believe we, the cryptocurrency community, can fully fund Phase 3 trials**. Prescription MDMA could be a gift to this world from the bitcoin community. + +If the trial succeeds, it could be approved as early as 2021. MAPS has created a public benefit corporation, fully owned by the non-profit, that would sell MDMA post-approval. This is a scalable and **financially sustainable** structure that could kickstart a renaissance in research into the therapeutic applications of many different psychedelics. + +**Pineapple Fund will double the value of every donation to MAPS** from today until March 10th, up to $4 million. + +You can donate with bitcoin. It's like donating bitcoin for $30,000 each! + +http://www.maps.org/donate-redirect/cryptocurrency + +You can also donate with legacy payment systems like [credit cards or PayPal](https://store.maps.org/np/clients/maps/donation.jsp?campaign=103), and PF will also match that donation. + +Your donations are tax deductible (if you're a US taxpayer), and you don't even have to pay capital gains tax. Ask for a receipt if so. + +Let's make MDMA medicine a reality, and give the gift of an enjoyable life to those suffering from PTSD. If you believe that psychedelic drugs can have incredible therapeutic potential, then I believe this is one of the highest impact projects today. + +And let's do it with cryptocurrency :) +Is this the most incredible bull run of all time for a stock? Their market cap is now 430B and the good news hasnt even been announced. + +I have personally put stop losses at 10% with anticipation that people would start aggressively taking profits. I was honestly thinking we would see a drop today but the opposite has occurred. Is it possible that Tesla will have an AMAZON run where it far outpaces justification? + +Edit: Why the downvotes? +Total damages around $12k, plus $3k unpaid water bill balance. I've hired debt collection services to go after them, unfortunately it's been 3 months now and they (debt collection) notified me that they can't find them as they are probably still self employed and not reporting any locations. + +I had another renter recently move out and they did not disclose their new address with $3k due in damages (after security deposit). + +Recommendations on these situations? Go straight to court? Report to credit bureau? + + +Update 1: The tenant was fully verified / background check cleared / 12+ months steady healthy income & DTI / verified employer / no criminal record / high credit score with zero missed payments. +I’m 20 yrs old and I’m honestly tired of working full time and only making minimum wage. I am also a full time college student and I’m pursing to dentistry. In the meantime I want to be more financially stable but idk what to do, preferably I’d like to do something at home but nothings coming in mind. Does anyone have any advice? +I invested in bitcoin and ethereum via Coinbase early this year, and it’s been falling ever since I bought it. Do I sell, or hold? What’s going on with crypto? +So I'm a teacher and in my country, you can't have HIV and be a teacher, which I understand, I guess. You're suppose to get HIV check with your health check-up which is required for the work visa. However, most places don't actually check anything. They even have an option for "health check for work permit" which is significantly cheaper than a real check-up. The doctor takes your blood and shakes it around for 2 minutes and then signs a piece of paper. + +Anyway, I decided to go get a real check-up from an actual HIV/STD clinic because, for some reason, I actually want to know if I'm carrying a deadly virus. + +Anyway, I pay with the card from my bank. This was a few weeks ago. My bank knows where I work and they know I'm a teacher. I'm not sure why someone was looking at my transactions, or maybe this kind of transaction gets flagged automatically for different professions. Anyway, the school asked me about the results from my test and if I could send them a copy, just to make sure of course. + +Luckily the results were negative so I don't actually have to hide anything but what the fuck. + +This is why we need decentralized currency and hopefully some more private options will become more readily available in the future. +Hey everyone, + +So I'll admit I really don't know much about investing so apologies for being a newb. + +I currently two accounts I invest in: + +* a moneyBox stocks and shares ISA with about £10,000 +* a lifetime ISA with about £12,000 + +The original purpose for these accounts was to save up for buying my first home but circumstances have changed and I have a surgery that I need to pay for at some point within the next 18-24 months. + +This surgery will be somewhat in the region of £20,000. + +With the current coronavirus pandemic the markets have obviously tanked and I would be losing a chunk of my investment by withdrawing now. + +I understand that over time the markets will recover but I'm worried that my investment will be even lower 18-24 months from now. + +Is it advisable to wait or should I cut my losses now? +Like the amount you have to pay is insane per month and you still have a deductible before they start paying for your health coverage. Like holy shit. What is this? 😭 + +&#x200B; + +Edit: After learning alot from the comments of this post I've decided to cancel the insurance. I've been on the phone for over an hour. Talked to three different departments and 6 different ppl. This must be a joke. +Some people are asking why I’ve taken an interest in studying Chewy Founder / GME 🪑 Ryan Cohen. In addition to us bonding over BCG. Good question. First, it appears RC had a strong teacher and role model in his dad. I, too, had this with my grandad (also named Bill Pulte). My grandad taught me pretty much everything I know about business. And using this knowledge, with maybe some innate skills, is how I became wealthy before inheriting a nickel (true story). Both RC’s dad (I think?) and my grandad are passed, but we carry them on. Second, RC is a Founder. And I respect FOUNDERS very much. Unlike BCG consultants, Founders CREATE NEW THINGS … or they die. They are not leeches like many consultants. And like my grandad said, Founders must delight the customer (he said same thing as RC) so they have a business. My Grandpa was The Founder of Pulte Homes. I led the successful turn around of Pulte Homes in 2016 for grandpa after Bad Management + BCG’s strategy failed epically, imo. TALENT! Thanks for having me. +It’s quite simple really. They’ve never seen this level of retardation. I’m 100% DRS’d; every single share I own is in Computershare. I LITERALLY don’t even know how to sell, or what my password is. I couldn’t sell if someone had a gun pointed at my head, because I don’t know how. There is simply no way to compete with this level of stupidity. All of their algorithms, psychological tricks, and fear don’t work on idiots of this magnitude. + +I just don’t fucking care. These assholes won’t see me sell a single share until we’re talking phone numbers buddy. Until then, I’m not interested in logging in and trying to figure out how to sell, there’s no need for me to. + +Until then, I’ll continue to go to the job I hate, make money, pay off debt, and buy more when I can. I’m not selling my one chance at financial freedom. I trust the ChairMan who’s going to HODL. 🦍🦍 + +EDIT: I’m not suicidal. Some shills have reported me as suicidal though LOL. How odd. +How were your stocks this week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +Sorry for spamming, because this is the 3rd post I'm making on here in half an hour, but I'm just sooo frustrated. :( + +I go in Instagram often, which isn't going to make me happy, but it's free, it's the only thing I can do. + +But I'm so f~~ucki~~ng tired of watching 1/2 people on my instagram traveling 3 times a year, doing all the festivals, having fun and such. And I've only seen two places this summer: Work, and home. + +I've been inside for almost the whole summer. And I'm still broke. + +How do people go to Tomorrowland 3 weekends in a row, then travel to some far country? +I can barely afford to sit at home. +I know that Instagram isn't always real, but I do see those people not being at home, right? They aren't using photoshop to trick me into thinking they're not at home. They are really in a far away country, and they are really at a festival. Doesn't mean they're happier, but they at least have that. I ain't happy too, and I'm stuck in my home. + +Do all these people have doctors or lawyers or politicians as parents, or am I just that poor? + +I'm really not happy living this way, and sometimes it feels like waiting for life to be over :( +I live in a very well to do town. Teens here are driving BMW and Mercedes to school. Parents pay $1500/year for reserved parking spots( there are limited parking at the high school). My daughter needed shorts for the summer and asked to go to mall so we could buy shorts at Aeropostale, Hollister or Abercrombie. I told her that I was not paying $25 for a pair of shorts. She is growing so fast, and whatever I buy her this summer, is not going to fit in 6 months. So we went to Goodwill and found 2 shorts from Hollister, 1 guess, and 2 from Aeropostale. My daughter is so excited and I am too. The shorts are in the washer as I type. +1. crypto is a big bubble that is competing with the fiat bubble in a game of chicken who bursts first. +2. burning supply to artificially pump the price is a giga red flag and will make ETH lose market share to its competitors which will ultimately REDUCE its price (compared to what it could have been) instead of increasing it. +3. if a coin with the codebase of bitcoin would release today it would be labeled a shitcoin and forgotten faster than the average time it would take to make a block, which to be fair, takes a while. +4. crypto will not make everybody "financially free". if everybody is rich, nobody is. you just want to ride on the back of the people that missed the crypto train that then have to work for you if crypto really flips fiat at some point. +5. its not enough for crypto to be "not as bad" as the traditional banking system. +want to be the future? behave like it. be efficient. don't waste a fuckton of energy. don't have fees that make it impossible to buy a fucking ice cream without paying double. +6. every coin/token was at some point centralized. decentralization is a process. judge a crypto by the effort it makes to get there. +7. the average crypto investor has such a limited knowledge of cryptography and/or economics it SCARES ME. +Is this happening to anyone else? I guess these people haven’t read my post history. I don’t have extra cash to send you. +I did feel bad for the first few and offered to help by sending food instead of cash. I asked for an address and never heard from them again. +Don’t fall for the scams! + +Reminds me of my aunt. I never understood why my mother and grandparents avoided her until I was early twenties and had my own place (and broke). She would have her daughter(my cousin) call me with the sob stories about no food. I felt bad and bought them groceries and my aunt was furious. She wanted cash for cigarettes and God only knows what else. +My (21F) in-laws are helping me and my partner (27M) with purchasing our first house by loaning us the deposit. We are very grateful for this. We have a contract and everything that basically promises that we will pay them back. His brother is the lawyer handling the contracts. + +The bank approved our house purchase and our offer went through. We move in before the end of this year. + +My in-laws are saying they want 1% of the house? I don’t mind that since they are helping but I don’t understand why they say they are taking 1% in order to help us when the bank has already approved of everything. I said sure but asked how would taking 1% help us. I am genuinely just curious and wondering so I know why. No one can give me a clear answer except that “it helps us.” +This is a throwaway because my ex-coworkers know my main account. I’m in California. + +I worked full time remotely at a company for 5 years. My wife is a stay home mom and we have two kids (a 2 year old, and a 6 month old). In the final two months of my employment, I got fewer and fewer projects to work on. In April, my boss emailed and told me they were going to change my full time employment to part time, dropping me from 40 hours to 8 hours or less per week, and that I will also lose all of my benefits. He said they didn’t have have enough projects to keep me busy. I can't afford to lose my hours and medical benefits (it is what covers my family!), so I emailed my boss and pointed it out to him that cutting my hours from 40 hours to 8 hour or less is a lay off. That I would rather he just laid me off so I can start looking for a new job. He agreed and told me he is going to process my lay off per my request. + +I applied for unemployment and during the phone interview for unemployment eligibility, the interviewer told me my boss told them that I quit my job because I was not satisfied with the work. I told them that was not true as I was laid off. The interviewer told me they were going to investigate. Today I called the EDD office to follow up, and they told me my claim was denied and that I would a denial letter within a week. + +I have been applying for jobs and have couple interviews lined up. I also have enough emergency funds to cover for expenses while I’m looking. But I do need the unemployment money in case I can't find a job in time. + +Do I have a case for an appeal? + +Edit: Yes, I have all of the emails copies. Is email evidence enough to proof my case or I should hire a lawyer? + +Edit 2: Wow, more than 7000 upvotes!! Thank you all! Didn't expect this will get so many attentions. +Let me answer some of the questions here: +1. I forwarded the work emails to my personal email account before they took over my work email. +2. I pointed out to them that what they were doing (cutting my hours from 40 to 8) is consider a lay off and I rather they just do it. I didn't mentioned I am going to look for a new job. + + + + +[From 5.5k in October to 47.5k in February](https://preview.redd.it/ok5dw1wpcng61.png?width=1779&format=png&auto=webp&s=336c48f7d77938095b851812ac7350dd105c7013) + +Hello Everyone, first of all I want to thanks the many persons who commented and posted on many different techniques they are using to build wealth with a focus on Theta. + +For people just tuning in the Theta Gang here is (imo) the pros and cons of it : + +**The main problem** of thetagang is the limited upside, I found a way around that. + +The advantages are many : + +* Very Versatile. +* Realized profits are coming through (let’s say you got 3,000 shares of Tesla when it was 100 pre-split, congratulations you now have 15,000 shares of Tesla at 20 average, but you have to actually separate yourself from those shares if you want to actually get the profit, once they’re gone they’re gone. Selling Covered Call is a great Theta Strategy for that). +* Fixed timing. This is more on the disciplined side of business, having a set time is so much easier to get disciplined about trading. + +Like I said, imo the limited upside when the stock goes balistic is a problem so here is what I use to get around that, here is my actual technique with Theta. + +1. CSPs on supports on very few stocks I wouldn’t mind owning even though I always sell before getting assigned. +2. Loto tickets with short dated calls or ATM CSPs (example PLTR earnings coming in) +3. LEAPs on the stocks I sell CSPs on to get the upside as well + +Basically this technique gives me 2x the upside, let me make 1x in sideways trading and break even on downsides when it doesn’t go down more than 30%, even then, I can roll out options and my LEAPs are long dated anyway. + +My main stocks are Palantir, Nio, MARA and occasionnally TSLA / NVDA credit spreads. + +Good fundamental stocks with a hype factor and quite high IV to make the theta dream work. + +**My strategy on : NIO** + +Nio is a great company to start trading CSPs on, it’s event driven with delivery numbers coming in every 2nd of the month, it has NIO day, and a TSLA like hype factor to grow, it’s one of the best company to sell CSPs on because it respects supports in a great way. + +[NIO is a really good stock to sell CSPs on](https://preview.redd.it/szy7rzdzcng61.png?width=1442&format=png&auto=webp&s=4dabbeb00e2d1d6cb121a92c00b4e53dea9bc751) + +This is my trading view chart of NIO, really easy to see how supports and trendline get tested with the stock. + +Here what I usually do is sell the **45**, **48** and **50** CSP in 20 to 30 days, I do that at the beginning of each week or later if I think I can get a better premium and buy to close at around 80% profits. + +**The Loto tickets on : NIO** + +At the start of December NIO was expected to deliver a record number of cars which was expected to boost the stock price, so I sold some ATM puts and some loto calls for after the NIO day scheduled the same week, as you can see, it was a good call. + +**LEAPs on : NIO** + +At the end of October I bought 2 LEAPs 35c for Jan15 ‘22 for 8.81, it’s now 32.00 and not planning to sell them until January. + +So here is my technique to profit from upsides, sideways and downsides with a gambling aspect that everyone love. + +I post this to share my technique with this subreddit as It has been very profitable for me and would love it to be for someone else, not looking to brag or anything, you can critique as you want I’m open to criticism. + +**“But what if there’s a crash ?”** I just close my positions and reverse to selling calls, crash of more than 40% are black swan events tbh. + +I basically do the same thing on PLTR, my positions right now are : + +* 3x Jan21 ‘22 35c +* 4x Feb19 ’21 34c +* \-5x Feb19 ‘21 35p +* \-7x Feb19 ‘21 32.5p +* 12x Feb19 ‘21 60c + +I will sell some of these before earnings on monday and let the rest run because I do believe there will be a big surprise on earnings (Possible FB partnership). +My Parents opened a Safe custody box with NAB in the mid 90's. They stored our families jewelry in the safe custody box. They last opened the box in 2017. + +NAB decided to close their Safe Custody Service in 2021 and sent us a letter to come and collect our box. When my parent's showed up to the bank they said they couldn't find it and they would get back to us. + +In the correspondence afterwards, NAB claimed we never had a safe custody box and then claimed we voided liability by storing things of "Substantial Value" and not the allowed "Moderate Value" + +Has anyone had an experience similar to this? And could you please share some advice on how to negotiate a decent outcome. My family just want their stuff back but If not at least receive appropriate compensation. We've raised a case with AFCA and are in progress right now. Should we get a lawyer? + +Thanks + +Edit: Thanks everyone for the helpful information and advice, I'll update this post when we get a resolution. Hopefully positive. +I'm sure there's a better source but [here's one](https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html) for the numbers in the op. + +EDIT: [And a source for the labor market being a target.](https://www.bloomberg.com/news/articles/2022-06-15/fed-s-inflation-fight-spells-pain-ahead-for-tight-labor-market) +I am an absolute noob and have completed some of the classes already but rest of it like brokers info and margins and etc. Is so boring! + Did you complete the whole school at once and do you think it's worth to learn EVERYTHING from it? How did you focus for so long time? I am so lost in all this info.. Which classes is it OK to skip for now ?Any advice will be appreciated +Consolidated best-practice tips that should be part of your common knowledge: + +- A higher tax bracket due to a raise doesn't offset the whole raise, since the higher rate applies only to the amount in the new bracket. (You might lose some income-limited deductions, though.) + +- Likewise, all employment income goes in one bucket to determine tax liability. Your overtime / bonus is taxed the same as regular income, even if it is withheld at higher rates. You square that up when you file. + +- Keeping a significant savings account while paying 20%+ interest on an outstanding credit card balance means you are losing something like 18% annually on money that could pay down debt. + +- If you take out (or keep making payments on) an interest-bearing loan to help your credit history, then you are spending money to get a better credit rating. That's backwards. You want to improve credit at no cost to save money on loans. + +- You want to always pay off the statement balance on your (interest-bearing) credit card each month without fail. That will keep you from paying interest. You don't have to pay the full balance, since that includes any new charges. Just the statement balance. + +- There is no appreciable downside to an online High Yield savings account with a 2.0+% interest rate, vs. keeping the money with your local bank at .01% or some such thing. + +- Credit unions are a great source of day-to-day banking services if you want better service and competitive rates. Some credit unions have easy-to-meet membership requirements. + +- You won't get a risk-free, high (>~3%) rate of return on your investments in any standard financial services product. You can compensate for higher risk of stock market investments by leaving the money for a period of five to ten years, to allow time for growth to overcome price fluctuations. + +- There are generally no federal gift taxes due to either the recipient or to the donor (giver), even on largeish gifts of tens or hundreds of thousands of dollars. If you give someone over $15,000 in one year, you file a form that reduces your lifetime exclusion, but you still don't pay gift taxes. + +That's all I can write up at the moment. What else comes to mind that everybody should know? + +Edit: wow, great discussion! BTW, in the comments, there was a request for links to similar types of advice; here are some from prior years, a bit of overlap in some of these, but each has some unique content. More details on everything can be found in the wiki as well. + +https://www.reddit.com/r/personalfinance/comments/6tmh6v/housing_down_payments_101/ + +https://www.reddit.com/r/personalfinance/comments/6tu91h/buyers_closing_costs_101/ + +https://www.reddit.com/r/personalfinance/comments/5v4cq6/personal_finance_loopholes_updated/ + +https://www.reddit.com/r/personalfinance/comments/51rc6h/credit_cards_202_beyond_the_basics/ + +https://www.reddit.com/r/personalfinance/comments/4zcto8/youre_doing_it_wrong_personal_finance_pitfalls_to/ +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +I usually don't post on here, but I needed to have some advice. I am 23 years old and live in Arizona (Southern Phoenix area.) Currently, I was recently promoted I used to be making 50,000 annually. My current income is $60,380.00 annually. + + I have no debt and finally was able to get my first credit card after years of soft declines for Identify theft. Throughout the years I didn't have enough documents at the time so had to wait until w2s and credit bureaus reflect my current address. +Here is my financial information: +Savings: 22,000.00 +Checking: 2,150.00 +401k: 7,500.00 +Stocks: 600.00 +Credit Card Limit: 3,800.00 available limit 3732.00 +Now, with my amount I thought I would be able to sustain living, my apartment currently is going to raise up to 1600.00 which I can berely afford. Due to limited credit or lack of credit, I am unable to buy a house at this time. + +After looking around place to place (and calling dozens of apartments), I feel like I can't afford anywhere or because of limited availability, I can't find a place. What are suggestions? +Sorry if this is a ridiculous question, but it’s started a family argument. My girlfriends mom is adamant that credit card companies would never ask for a photo ID, or a photo of her social security card for “verification”. + +I’m pretty sure it’s legit because she signed up on the official Capital One website. + +Can you guys give us a clarification on whether this is the right move? +Not a big fan of Trading212 in general, and recently found out I won't be able to vote in an upcoming shareholders meeting. + +I hold all of my shares in a S&S ISA account and I've already used up this year's allowance (plus holding more from last year) so it needs to be a transfer, I can't just sell and buy back the shares. + +Any suggestions for companies that allow voting and are trustworthy? I don't mind paying small fees on buys/sells + +I was thinking about AJBell YouInvest as they are recommended on MSE. Any good? + +Thanks +In my opinion, the current system of student loans don't align the student's interest of getting a high paying job with the school's interest of making money because the school is guaranteed to be paid by the federal government. A college education could be viewed as investing in a startup where most of the value is intangible, so equity financing seems like a good solution. Instead of taking out a loan, the graduate pays X percentage of their gross income to the school for N years. The government wouldn't be involved economically, but it could enforce legal restrictions to close loopholes that hide income. You can even have forced withholding to make sure people don't overspend their budget that they can't make the payments, but the end result is the cost of your degree is solely based on much that degree increased your earnings. There are probably still some loopholes like intentionally taking a minimum wage job to run out the clock, but in general the graduate is incentivized to earn more money as long as marginal utility from working more is positive. + +The equity scheme is also similar to progressive taxation because unlucky graduates who didn't find a high paying job pay less than the lucky ones that did get. Some tech schools like coding bootcamps already have such a payment structure where the cost is based on your salary after graduation rather than a fixed amount of debt. + +Why or why wouldn't this work? +I've been doing a lot of ETF research lately and wanted to share this list because I think that smaller ETFs fly under the radar all too often. Here are 10 ETFs with less than a billion dollars under management, but that I think are interesting and possibly useful, with reasons why: + +1. THNQ: ROBO Global Artificial Intelligence ETF, [https://roboglobaletfs.com/thnq](https://roboglobaletfs.com/thnq) . The process-based management of THNQ's holdings targets heavy exposure to companies leading development or execution with artificial intelligence and machine learning. My only issue with it is that for some reason they don't include Facebook in its holdings (and FB is famous with PyTorch and related work). Competitors in this thematic space include Global X's AIQ and iShares' IRBO. A newer ETF, THNQ has performed very, very well since inception, easily beating many other growth ETFs. Certainly a theme to watch for the coming decade. +2. SFY: SoFi Select 500 ETF, [https://www.sofi.com/invest/etfs/sfy/](https://www.sofi.com/invest/etfs/sfy/) . This ETF is... highly intriguing. It has a 0.0% expense ratio, yes, free, waived until at least end of June 2021 (at which point it might go up to 0.19%). They're waiving the fee to draw in AUM. Its performance over the past trading year is +20%, so it beats the S&P 500 (easily). What they do is take the top 500 US stocks by market cap, then weight them according to a set of equations based on net income and sales growth as per the methodology. Not market-cap weighted, which is very unusual and thus nice to have as a tool in your toolkit. The ETF ends up with more weighted overlap with the S&P 500 than other large-cap growth ETFs such as VUG, IWZ, JKE, etc., because the "value" companies are still in there -- they're just not weighted as highly as they are in SPY or VOO. The usual suspects are still in the top 10: AAPL, AMZN, MSFT, TSLA, GOOGL, FB. SQ comes in at #15, which I think is very nice, and SQ is missing from an S&P 500 ETF. Granted, if the ER wasn't 0.0%, this ETF would be significantly less attractive. Index methodology here: [https://www.solactive.com/wp-content/uploads/2019/03/Solactive-SoFi-US-500-Growth-Index-Guideline.pdf](https://www.solactive.com/wp-content/uploads/2019/03/Solactive-SoFi-US-500-Growth-Index-Guideline.pdf) +3. DSTL: Distillate U.S. Fundamental Stability & Value ETF, [https://distillatefunds.com/dstl](https://distillatefunds.com/dstl) . Its methodology is in the prospectus, [https://distillatefunds.com/dstl/prospectus](https://distillatefunds.com/dstl/prospectus) . Essentially, they try to combine "quality" and "value" factor investing. The fund's weighted overlap with SPY is only 20% according to [etfrc.com](https://etfrc.com). So it's not simply the S&P. It's also not the first ETF to use free cash flow as a factor (see also: COWZ, TTAC, neither of which I really like). Its ER is only 0.39%, which is reasonably low for small-ish specialty ETFs. But how does it perform? Well, since inception over 2 years ago it has kept pace with or outperformed the S&P 500 and iShares' US quality and value factor ETFs every step of the way. Gotta admit, I'm kinda impressed. Their top holdings right now are: JNJ, UNH, INTC, WMT, GOOGL, HD, PG, CSCO, AMGN, and AVGO. Surprisingly, compared to SPY, they're most underweight in financials. I would've thought they scored well on those cash flow metrics but maybe the banks score poorly on their debt metric and they don't compensate for banks having a different business model than, say, JNJ. Really neat non-market-cap weighted ETF! +4. SDG: iShares MSCI Global Impact ETF, [https://www.ishares.com/us/products/283378/ishares-msci-global-impact-etf-fund](https://www.ishares.com/us/products/283378/ishares-msci-global-impact-etf-fund) . This fund tracks an index that seeks to "Obtain exposure to global stocks aiming to advance themes related to the United Nation’s Sustainable Development Goals, such as education or climate change." ARK Investing may also be launching an ETF with this theme in the future (see: [https://www.youtube.com/watch?v=kfhgbZBWgBE&t=30m53s](https://www.youtube.com/watch?v=kfhgbZBWgBE&t=30m53s) ). Methodology here: [https://www.msci.com/msci-acwi-sustainable-impact-index](https://www.msci.com/msci-acwi-sustainable-impact-index) . It's nice to have a fund you can feel good about investing in. It has also easily outperformed the S&P 500 over the past year! +5. FRDM: Freedom 100 Emerging Markets ETF, [https://freedometfs.com/frdm/](https://freedometfs.com/frdm/) . It's a very new emerging markets ETF that is not market-cap weighted and filters countries based on human and economic freedom scores. Top holdings include TSMC, Samsung, and CD Projekt Red. If you're concerned about international tensions and based in North America, this could be something you'd like. Also a rare way to get very high weight to tech outside China in an emerging markets ETF. Very unusual and a neat tool to have in your emerging markets investing toolbox! +6. EMXC: iShares MSCI Emerging Markets ex China ETF, [https://www.ishares.com/us/products/288504/ishares-msci-emerging-markets-ex-china-etf-fund](https://www.ishares.com/us/products/288504/ishares-msci-emerging-markets-ex-china-etf-fund) . Also an ex-China emerging markets fund, but otherwise it follows a broad MSCI mark-cap weighted index. Very top-heavy in Korea, Taiwan, India, and Brazil. It's another tool to stay in emerging markets but specifically tailor your China exposure through some other portfolio choice (or have none at all). Like in FRDM, you get heavy exposure to TSMC and Samsung. +7. IMTM: iShares MSCI Intl Momentum Factor ETF, [https://www.ishares.com/us/products/271538/ishares-msci-international-developed-momentum-factor-etf](https://www.ishares.com/us/products/271538/ishares-msci-international-developed-momentum-factor-etf) . One of the few ways to get exposure to trending stocks in developed non-US markets. Really heavy on tech and luxury. If you're bored of holding EFA or VEA and want greater returns from non-US developed markets, check this out, it may be something you like. High exposure to Shopify, Sony, Nintendo, LVMH. +8. SWAN: AMPLIFY BLACKSWAN GROWTH & TREASURY CORE ETF, [https://amplifyetfs.com/swan.html](https://amplifyetfs.com/swan.html) . Treasuries plus SPY LEAP options. Its performance in 2020 was great -- saved you during the crash, and gets you most of the S&P 500 upside during "normal" times. Kind of a barbell strategy; an interesting conservative ETF. Probably of greater interest to people near or in retirement. Amplify has a whole set of thematic ETFs, much like Global X. +9. NTSX: WisdomTree 90/60 U.S. Balanced Fund, [https://www.wisdomtree.com/etfs/asset-allocation/ntsx](https://www.wisdomtree.com/etfs/asset-allocation/ntsx) . Another fund that deals with both US large caps and treasuries. But in this case, it uses treasury futures as leveraged exposure to get 90% equities, 60% treasuries total exposure. Quite a clever package and designed for long-term holding with reduced volatility, while likely outperforming a 60/40 balanced fund. There's a huge thread on bogleheads.org about it with a lot of people who like its design. +10. IGBH: iShares Interest Rate Hedged Long-Term Corporate Bond ETF, [https://www.ishares.com/us/products/275397/ishares-interest-rate-hedged-10-year-credit-bond-etf](https://www.ishares.com/us/products/275397/ishares-interest-rate-hedged-10-year-credit-bond-etf) . This is an interest-rate hedged long-term corporate bond ETF. You see, when treasury yields rise, as is expected the next year or two, corporate bond yields also rise. But that means the price of the bonds goes down -- bad for bond ETF values. Hedging the rates allows you to still collect distributions and have lower volatility than equities, but avoid the interest-rate risk. A whole lot of money has flowed into this and its sister ETF, LQDH, in the past 6 months because of historically low treasury yields. + +ok, here's a bonus #11: + +11. PPA: Invesco Aerospace & Defense ETF, [https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=PPA](https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=PPA) . This is a broad defense industry ETF, and may have some deep value right now as the industry has lagged for the past year. But the world is still a dangerous place and if war breaks out these companies will benefit; a good ETF to have watchlisted. US and allied defense spending keeps chugging along. Also, many of these companies may be in Cathie Wood's ARKX. ITA is an alternative but lacks $HON, which is an important company in the sector. + +Disclaimer: this is not financial advice and I currently have no position in any of those ETFs at time of posting, but that may change at any point in the future. + +What do you guys think? Any of those look like something you might invest in? Anyone else want to comment on a personal favorite small/medium sized fund? + +&#x200B; + +edit, 6 hours after OP: wow, this post blew up! I'm so happy many people are finding this discussion informative. Thanks for the awards and comments. +I've been doing a lot of ETF research lately and wanted to share this list because I think that smaller ETFs fly under the radar all too often. Here are 10 ETFs with less than a billion dollars under management, but that I think are interesting and possibly useful, with reasons why: + +1. THNQ: ROBO Global Artificial Intelligence ETF, [https://roboglobaletfs.com/thnq](https://roboglobaletfs.com/thnq) . The process-based management of THNQ's holdings targets heavy exposure to companies leading development or execution with artificial intelligence and machine learning. My only issue with it is that for some reason they don't include Facebook in its holdings (and FB is famous with PyTorch and related work). Competitors in this thematic space include Global X's AIQ and iShares' IRBO. A newer ETF, THNQ has performed very, very well since inception, easily beating many other growth ETFs. Certainly a theme to watch for the coming decade. +2. SFY: SoFi Select 500 ETF, [https://www.sofi.com/invest/etfs/sfy/](https://www.sofi.com/invest/etfs/sfy/) . This ETF is... highly intriguing. It has a 0.0% expense ratio, yes, free, waived until at least end of June 2021 (at which point it might go up to 0.19%). They're waiving the fee to draw in AUM. Its performance over the past trading year is +20%, so it beats the S&P 500 (easily). What they do is take the top 500 US stocks by market cap, then weight them according to a set of equations based on net income and sales growth as per the methodology. Not market-cap weighted, which is very unusual and thus nice to have as a tool in your toolkit. The ETF ends up with more weighted overlap with the S&P 500 than other large-cap growth ETFs such as VUG, IWZ, JKE, etc., because the "value" companies are still in there -- they're just not weighted as highly as they are in SPY or VOO. The usual suspects are still in the top 10: AAPL, AMZN, MSFT, TSLA, GOOGL, FB. SQ comes in at #15, which I think is very nice, and SQ is missing from an S&P 500 ETF. Granted, if the ER wasn't 0.0%, this ETF would be significantly less attractive. Index methodology here: [https://www.solactive.com/wp-content/uploads/2019/03/Solactive-SoFi-US-500-Growth-Index-Guideline.pdf](https://www.solactive.com/wp-content/uploads/2019/03/Solactive-SoFi-US-500-Growth-Index-Guideline.pdf) +3. DSTL: Distillate U.S. Fundamental Stability & Value ETF, [https://distillatefunds.com/dstl](https://distillatefunds.com/dstl) . Its methodology is in the prospectus, [https://distillatefunds.com/dstl/prospectus](https://distillatefunds.com/dstl/prospectus) . Essentially, they try to combine "quality" and "value" factor investing. The fund's weighted overlap with SPY is only 20% according to [etfrc.com](https://etfrc.com). So it's not simply the S&P. It's also not the first ETF to use free cash flow as a factor (see also: COWZ, TTAC, neither of which I really like). Its ER is only 0.39%, which is reasonably low for small-ish specialty ETFs. But how does it perform? Well, since inception over 2 years ago it has kept pace with or outperformed the S&P 500 and iShares' US quality and value factor ETFs every step of the way. Gotta admit, I'm kinda impressed. Their top holdings right now are: JNJ, UNH, INTC, WMT, GOOGL, HD, PG, CSCO, AMGN, and AVGO. Surprisingly, compared to SPY, they're most underweight in financials. I would've thought they scored well on those cash flow metrics but maybe the banks score poorly on their debt metric and they don't compensate for banks having a different business model than, say, JNJ. Really neat non-market-cap weighted ETF! +4. SDG: iShares MSCI Global Impact ETF, [https://www.ishares.com/us/products/283378/ishares-msci-global-impact-etf-fund](https://www.ishares.com/us/products/283378/ishares-msci-global-impact-etf-fund) . This fund tracks an index that seeks to "Obtain exposure to global stocks aiming to advance themes related to the United Nation’s Sustainable Development Goals, such as education or climate change." ARK Investing may also be launching an ETF with this theme in the future (see: [https://www.youtube.com/watch?v=kfhgbZBWgBE&t=30m53s](https://www.youtube.com/watch?v=kfhgbZBWgBE&t=30m53s) ). Methodology here: [https://www.msci.com/msci-acwi-sustainable-impact-index](https://www.msci.com/msci-acwi-sustainable-impact-index) . It's nice to have a fund you can feel good about investing in. It has also easily outperformed the S&P 500 over the past year! +5. FRDM: Freedom 100 Emerging Markets ETF, [https://freedometfs.com/frdm/](https://freedometfs.com/frdm/) . It's a very new emerging markets ETF that is not market-cap weighted and filters countries based on human and economic freedom scores. Top holdings include TSMC, Samsung, and CD Projekt Red. If you're concerned about international tensions and based in North America, this could be something you'd like. Also a rare way to get very high weight to tech outside China in an emerging markets ETF. Very unusual and a neat tool to have in your emerging markets investing toolbox! +6. EMXC: iShares MSCI Emerging Markets ex China ETF, [https://www.ishares.com/us/products/288504/ishares-msci-emerging-markets-ex-china-etf-fund](https://www.ishares.com/us/products/288504/ishares-msci-emerging-markets-ex-china-etf-fund) . Also an ex-China emerging markets fund, but otherwise it follows a broad MSCI mark-cap weighted index. Very top-heavy in Korea, Taiwan, India, and Brazil. It's another tool to stay in emerging markets but specifically tailor your China exposure through some other portfolio choice (or have none at all). Like in FRDM, you get heavy exposure to TSMC and Samsung. +7. IMTM: iShares MSCI Intl Momentum Factor ETF, [https://www.ishares.com/us/products/271538/ishares-msci-international-developed-momentum-factor-etf](https://www.ishares.com/us/products/271538/ishares-msci-international-developed-momentum-factor-etf) . One of the few ways to get exposure to trending stocks in developed non-US markets. Really heavy on tech and luxury. If you're bored of holding EFA or VEA and want greater returns from non-US developed markets, check this out, it may be something you like. High exposure to Shopify, Sony, Nintendo, LVMH. +8. SWAN: AMPLIFY BLACKSWAN GROWTH & TREASURY CORE ETF, [https://amplifyetfs.com/swan.html](https://amplifyetfs.com/swan.html) . Treasuries plus SPY LEAP options. Its performance in 2020 was great -- saved you during the crash, and gets you most of the S&P 500 upside during "normal" times. Kind of a barbell strategy; an interesting conservative ETF. Probably of greater interest to people near or in retirement. Amplify has a whole set of thematic ETFs, much like Global X. +9. NTSX: WisdomTree 90/60 U.S. Balanced Fund, [https://www.wisdomtree.com/etfs/asset-allocation/ntsx](https://www.wisdomtree.com/etfs/asset-allocation/ntsx) . Another fund that deals with both US large caps and treasuries. But in this case, it uses treasury futures as leveraged exposure to get 90% equities, 60% treasuries total exposure. Quite a clever package and designed for long-term holding with reduced volatility, while likely outperforming a 60/40 balanced fund. There's a huge thread on bogleheads.org about it with a lot of people who like its design. +10. IGBH: iShares Interest Rate Hedged Long-Term Corporate Bond ETF, [https://www.ishares.com/us/products/275397/ishares-interest-rate-hedged-10-year-credit-bond-etf](https://www.ishares.com/us/products/275397/ishares-interest-rate-hedged-10-year-credit-bond-etf) . This is an interest-rate hedged long-term corporate bond ETF. You see, when treasury yields rise, as is expected the next year or two, corporate bond yields also rise. But that means the price of the bonds goes down -- bad for bond ETF values. Hedging the rates allows you to still collect distributions and have lower volatility than equities, but avoid the interest-rate risk. A whole lot of money has flowed into this and its sister ETF, LQDH, in the past 6 months because of historically low treasury yields. + +ok, here's a bonus #11: + +11. PPA: Invesco Aerospace & Defense ETF, [https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=PPA](https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=PPA) . This is a broad defense industry ETF, and may have some deep value right now as the industry has lagged for the past year. But the world is still a dangerous place and if war breaks out these companies will benefit; a good ETF to have watchlisted. US and allied defense spending keeps chugging along. Also, many of these companies may be in Cathie Wood's ARKX. ITA is an alternative but lacks $HON, which is an important company in the sector. + +Disclaimer: this is not financial advice and I currently have no position in any of those ETFs at time of posting, but that may change at any point in the future. + +What do you guys think? Any of those look like something you might invest in? Anyone else want to comment on a personal favorite small/medium sized fund? + +&#x200B; + +edit, 6 hours after OP: wow, this post blew up! I'm so happy many people are finding this discussion informative. Thanks for the awards and comments. +First of all, control yourselves. This isn't confirmation bias. I'm probably wrong. Treat what i have below as such and keep expectations low. Don't fomo into weekly contracts or plan to trade based on what i'm about to say. I'm not a financial advisor and this is not financial advice. + +\---------- + +***Seriously, don't get excited and don't hype this. We don't know anything, this is a theory, nothing more.*** + +***I have 0 concrete data on any of what i'm about to write.*** + +\---------- + +EDIT: A user mentioned that today's missing Volume might be due to a technical issue. More [here](https://www.reddit.com/r/Superstonk/comments/n5u3bm/cta_processing_issue_resolved_update_417_pm/?utm_medium=android_app&utm_source=share) and [here](https://www.reddit.com/r/Superstonk/comments/n5t2fi/disappearing_1m_volume_mystery_solved/?utm_medium=android_app&utm_source=share). I speculated that today's missing volume were cancelled trades due to someone getting margin called. IF this is the issue, then perhaps my DD is dogshit and maybe don't read it. Up to you. + +&#x200B; + +# Kudos to whom deserves it. + +First of all, kudos and attribution to the person who came up with the idea. [u/AOCsquad126](https://www.reddit.com/user/AOCsquad126/) + +[https://www.reddit.com/r/Superstonk/comments/n27l05/i\_may\_have\_just\_figured\_out\_the\_margin\_call/](https://www.reddit.com/r/Superstonk/comments/n27l05/i_may_have_just_figured_out_the_margin_call/) + +When i read this, i almost shat myself. I like patterns and stuff like that and i instantly loved what this ape theorized as it looks (to me) to be legit. Please read his DD first before continuing it's vital to understanding what i'm about to write next. Attribute awards and stuff like that to him, not me. + +&#x200B; + +# Ok, ready? + +I think he's right. I think that everyday that does pass, "they" (i don't know who they are) are losing on average $4.80 off their GME "ceiling". Basically he theorized that he almost perfectly calculated at what price the Market Makers and friends are to be margin called. I think he hit the jackpot. + +Again, calm your mammaries. We won't know if this is true until it happens. Calm down. Don't forget that HOLDING through bullshit dates and theories is the way. Just buy and HOLD. + +&#x200B; + +# So here's the "data" + +***It's fucking raw*** + +&#x200B; + +*Legend* + +* **Linear Margin Call Trigger Price:** This is the theoretical price at which "they" (the baddies) get margin called. It goes -$4.80 dollars per day because they are bleeding. +* **Peak For The Day:** Pretty much the all time high for that day. (Data from tradingview premium subscription+feeds) +* **Closing Price:** Pretty much the price at which the market closed for GME for that day. Easy. +* **Diff from Trigger (Peak):** The formula for this is (Peak for the day - LMCTP) +* **Diff from Trigger (Close):** The formula for this is (Closing Price - LMCTP) + +&#x200B; + +https://preview.redd.it/bhxtx831vdx61.png?width=1296&format=png&auto=webp&s=8b91abdf7b1728188bfe1a60daba56c52db27272 + +Yeah i know, it looks like shit and you don't understand. Don't worry, i'll explain here and below what you're looking at. + +**ELIA:** Scroll up, you'll notice that the 2 last columns, the ones named "Diff from Trigger (Peak)" and "Diff from Trigger (Close)". Also keep the "Peak for the Day" in mind. + +Notice that as time moves forwards, the "Diff from Trigger (Peak) and (Close) get closer to 0. The idea is that once that number reaches 0 or ABOVE (+), they are margin called. + +**This is important as fuck. Don't forget this.** + +&#x200B; + +# When did they almost get margin called? + +Welp, go up and look at the data. Look at the 3 following dates and i'm 10000% sure you remember at least 2 out of 3. + +1. January 28 (The day they cheated) +2. March 10 (The day we saw the $100 dollar drop whipsaw movement in 10 minutes) + +Go up and look at these dates. Come on... i'll wait. What do you see? What's the Diff from Trigger values? What's that? They're positive? But that would mean... yes. They almost got margin called. + +This perfectly explains January 28 and March 10. + +***"bUt WaIt, YoU sAiD tHeRe'S 3 DaTeS"*** + +April 29 - May 5, take a look at those. I'll wait here. + +Yep, also "almost margin called". But wait, this has gone on for 3 days now and the price hasn't dropped like it did the last 2 times. + +What else did we see today? **WHAT'S THAT? SOME VOLUME DISAPPEARED FROM THE GME CHARTS????** + +**I think they got margin called. I think their orders for today got cancelled. That's what we're seeing.** + +THIS IS A THEORY THEORY THEORY THEORY. Don't perpetuate it. + +&#x200B; + +&#x200B; + +# DON'T FUCKING DANCE (Yet) + +Here's the data above, visualized. (kek, you're welcome, i made you look at punk ass raw data first lmao). + +\--------- + +**The blue line is important.** This is where they supposedly get margin called. This line is lava, you touch it you die. + +**Green and Purple.** These are important too. If they touch 0 or go above it, game over, call an ambulance (for them). + +**Yellow and Red.** If these touch the blue line or go above it, it's game over (for them). + +\--------- + +Now... LOOK AT IT. + +**January 28, we booped all the lines, they panicked and cheated.** + +https://preview.redd.it/z8qg4kjlwdx61.png?width=1623&format=png&auto=webp&s=34dc24e9dac4c3f3a5ff9edf5b46395b63992874 + +&#x200B; + +**March 10 - The day GME did a whipsaw and dropped $100 dollars in 10 minutes.** + +https://preview.redd.it/v1j0ydccxdx61.png?width=1625&format=png&auto=webp&s=626e0891d32348826e41fc01060512909bc719c2 + +**April 29 - May 5 - The day... wait what?** + +https://preview.redd.it/5mp8920ixdx61.png?width=1627&format=png&auto=webp&s=d635d87f1f39724620f68e485f013e149eb8ce4d + +Yep that's right gentlemen. The lines touched each other ;) + +What's more... the price didn't dip like it did before. Is this it? + +CALM YOUR TATAS PLEASE. I know that some of you are jaqued to the le tit, but please calm down. DON'T HYPE. + +&#x200B; + +**THIS IS THEORETICAL.** + +**I do not have access to Citadel's or Melvinators or anyone's office data to verify that they truly get margin called above this THEORETICAL price. DO NOT HYPE DATES. DO NOT. Let's sit back ad we always have, do our DD and watch things happen.** + +Nothing's changed. We haven't won. We will win when we win if we win. Continue your DD, don't get any hopes up, none. Just keep this in mind, and let's see what happens. + +&#x200B; + +# Now what would happen after this "Margin Call" + +Welp, if they have truly been margin called, today, then... If this is an Archegos type blowout, we could expect the first domino (MM or HF) to drop in UP TO T+35 days from now. Once the first domino drops, the rest will follow. + +&#x200B; + +MARKET MAKERS HAVE A T+35 DAYS PRIVILEDGE TO DELIVER FTDs (SHARES THAT FAILED TO DELIVER) + +HEDGE FUNDS ONLY HAVE UP TO T+6 + +IF CITADEL IF IF IF THEY GOT MARGIN CALLED, THIS COULD GO ALL THE WAY OUT TO T+35 + +T+35 CALENDAR DAYS [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm) (Search for "35" ) + +~~T+35 FROM TODAY IS JUNE 24 NOT JUNE 9 :D~~ + +I'm unable to find the provision that indicates when and how long it takes to resolve a margin call. If an ape can direct me there that'd be great otherwise i'll find it myself. + +&#x200B; + +**(BIG ASSUMPTION about Archegos here, we don't know if Archegos shorted GME)** Once the first HF or MM gets margin called, you will NOT hear about it. Archegos got margin called sometime in February as far as i'm aware and is likely why we ran up to $276. When did we hear about Archegos? Yes that's right, around over a month later. + +The same will happen here. If someone has fallen, we will not know for another T+35 days max. But once we do know someone has fallen in T+35, then this DD is verified and we perhaps win, let's see. We're either going to be in a controlled uncoil and recoil FTD squeeze or a stupid massive squeeze to high heavens. Nobody knows. Have a floor (not a ceiling). + +Also they can't issue new bonds (or can they) because only AA2 bonds or above are now accepted as investment grade collateral. (Shamelessly stolen by that DD we saw this week about bonds by a man who's username i don't remember & another ape who reminded me of this) + +Thank you. And once again, please no hype, no reposting, do not hype this and then when nothing happens you'll have a bad day because GME didn't make you rich bois. Continue with your life and if things happen, they'll happen. + +Thank you. Here's the raw data for the charts and the theory. [https://pastebin.com/fNPmDNBe](https://pastebin.com/fNPmDNBe) + +Again please take a look at [u/AOCsquad126](https://www.reddit.com/user/AOCsquad126/) who came up with the idea initially. I just built a bit upon it. We've talked and he's aware i'm posting this. + +**EDIT: An ape in the comments said that a Citadel Executive of 16 years stepped down today. Article below. CONFIRMATION BIAS TO THE MAX. I'm JAQ LE TIT** + +[https://www.pionline.com/money-management/head-citadels-surveyor-capital-steps-down](https://www.pionline.com/money-management/head-citadels-surveyor-capital-steps-down) + +&#x200B; + +# EDIT: Please if you're going to talk about this. Make sure you're informing everyone that you're talking about a THEORY. Make sure your audience is well informed and don't deceive them. + +Just buy and HOLD. It's the only true way. Don't base your trades on dates and bs. + +\------------ + +**tldr: I believe they just ran out of money and have gotten margin called based on some numbers that are theory and have no basis in reality.** + +**tldr tldr: Maybe, maybe not.** +Hi, all! Vacationing for the 6th time in 9 years at a place we love. I’m at the point now financially where I’m starting to think about buying a property to have as a vacation home that I could rent out the rest of the year, then eventually do the snowbird thing. + +I’d love to hear stories about how it’s worked out for you. What you wish you’d known going in, how easy/hard it is to succeed, etc. + +Thank you! +Long time ago I took some saved money (around 10k) and put it on different cryptocurrencies. Crypto was taking a lot of time from my life and was stressing me out to follow the charts everyday, so I moved everything to a wallet and forgot about it. + +A few weeks ago I decided to check how much I have and I have aprox 500k €. They're not in an exchange, it's my personal hard wallet. + +About my personal situation, I'm 28, living in europe, not married and living alone. I don't want to buy a house, but I want to use this money wisely and invest it. + +I'm also very worried about taxes, so I would love to see how everyone here thinks about that. I guess the best option would be to get a financial advisor. + +My financial objective is improving my current lifestyle: better appartment and better job to be less stressed out. Another option is investing more aggresively and leave my job to do some freelancing instead. That would be less stressful for sure, but at the same time I don't trust my money management skills and you never know what can happen in the future. + +All tips are appreciated, thanks. + +EDIT: I currently live in spain, moved here 2 years ago. +I recently bought my first home. I did have some negotiations with the agent and I was very much ready to push my offer up. BUT before I did that I posted here this: +[https://www.reddit.com/r/AusFinance/comments/ljev7y/when\_agent\_says\_i\_have\_multiple\_offers\_made\_i\_am/](https://www.reddit.com/r/AusFinance/comments/ljev7y/when_agent_says_i_have_multiple_offers_made_i_am/) + +That post and your comments guys really encouraged me to stay firm on my offer which was 20k under the asking price. The next thing I knew the agent called me and congratulated me that my offer was accepted. They did not even counteroffer. + +This sub is gold guys. Thank you all. +I recently bought my first home. I did have some negotiations with the agent and I was very much ready to push my offer up. BUT before I did that I posted here this: +[https://www.reddit.com/r/AusFinance/comments/ljev7y/when\_agent\_says\_i\_have\_multiple\_offers\_made\_i\_am/](https://www.reddit.com/r/AusFinance/comments/ljev7y/when_agent_says_i_have_multiple_offers_made_i_am/) + +That post and your comments guys really encouraged me to stay firm on my offer which was 20k under the asking price. The next thing I knew the agent called me and congratulated me that my offer was accepted. They did not even counteroffer. + +This sub is gold guys. Thank you all. +Hello, everyone. I'm writing this post because of the story that happened to me today when I was in the bank. I went to the bank to see if I could apply for a mortgage. I had my dog with me, and when I entered the building, no one even hinted that we weren't welcome. + +&#x200B; + +While I was there, this old lady came in, and after a few minutes of waiting, she approached me and asked me when I was planning to leave. I pointed out that there were a lot of bank staff members who could help her, and she said, ""I don't talk money around dogs. They never bring luck."" That was the first thing. The funniest thing was that after she said that, every customer in the bank started giving me weird glances and stopped discussing their issues. + +&#x200B; + +On my way home, I tried to think of any money-related superstitions I had ever heard of. All I can remember is that you shouldn't give anyone an empty wallet as a gift. Honestly, I remembered it only because my niece asked for a leather wallet for her birthday a few years ago, and then she made a scene because it was empty. But I thought it was a good reason to give her another 50 bucks apart from the gift. + +&#x200B; + +I asked my husband whether there were superstitions he'd heard of, and he told me that if you're picking a penny from the ground, you should make sure that the penny is heads-up before you grab it; otherwise, it's bad luck. Also, he mentioned something about bird droppings bringing wealth. + +&#x200B; + +It made me laugh, and I told my husband he should stop wasting our time studying investment options on [Investor Junkie](https://investorjunkie.com/) and stocks charts and maybe get closer to the bird nesting places. He said every time a bird marked him, it was a sign of losing money on dry cleaning, not gain. + +&#x200B; + +Still, I'm quite curious about this matter. What other strange beliefs about money have you heard of? Are there any that you follow? +[https://www.youtube.com/watch?v=EKc0PfGBgOM](https://www.youtube.com/watch?v=EKc0PfGBgOM) + +In this Video, Michael Zenger asks Warren Buffett about his approach to investing a small sum of money. Buffett discusses his past approach of searching for undervalued stocks with less attention to competitive advantage or favorable economics and quickly selling them as his capital base grew, as well as his current approach of buying undervalued excellent companies with favorable long-term economics. He also mentions that his best period of investing was in the 1950s, when he was working with a very small amount of money and was able to find one or two undervalued stocks to invest in. He also notes that as the amount of money available to invest increases, the curve of expectable results falls off dramatically due to increased competition. Charlie Munger adds that a brilliant person working with a small sum of money should search for unusual, mispriced opportunities in obscure stocks. + +&#x200B; +I read so much on here early January talking about how the ETF would bring more investment money into the shroom sector. I got all excited as I’m holding 3 shroom companies but then the ETF started and nothing at all changed, if anything they went down. Can someone help me understand why? +My husband and I (we are both 48) have been very fortunate with our jobs and have always had very simple tastes, a combination which has resulted in a net worth of 8.1M+ (no house, we are now renting). Our goal is to retire at the end of the year and potentially move overseas or at least out of our HCOL state. + +We have a child in college who will be graduating next year with no student loans and enough money for grad school. Also, he has a stock account worth about $250k. + +From my husband’s POV, we have set him up more than most and it’s time to let him work hard and earn his own way. For me, it is not as easy - I feel quite guilty that we are leaving the workforce during our prime earning years and the thought that we are off relaxing and spending our money instead of increasing his down-the-road inheritance feels a bit selfish. He also is majoring in a field that perfectly fits who he is, but is not going to be high paying as a career. + +My two questions: + +1. How do people with this type of net worth manage the whole inheritance issue with their kids? My kid is bright and amazingly hard working (has had jobs/internships the entire time he was in college), but I want to protect him from ever struggling financially. Maybe I am even afraid of him being not “well-off” to be honest (which is crazy as I did not grow up with money and had student loans and no money until I was 30). + +2. How much of inheritance is “enough”? + +Thanks for any input. What should be an exciting time for me is really being impacted by this guilt about stopping work so early. +A friend commented that interest rate increases are the only tool to combat inflation. I know that is true for the Federal Reserve, but couldn't Congress raise taxes, temporarily, to so? + +If printing money, putting more into circulation, is guaranteed to begin inflation, wouldn't higher taxes remove it, slowing inflation? + +None of the policy people on the podcasts I listen to have mentioned this, so it must be a bad idea with terrible consequences. I just can't name them so I'm here to pose the question. +These are my views and my opinion on StrikeX and TradeStrike Ltd. These views do not reflect on an official TradeStrike Team standpoint** + +Before I start, here’s a link to my previous [DD](https://www.reddit.com/r/CryptoMoonShots/comments/s1s4lk/striex_dd_strx_blockchain_advisor/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**News** + +StrikeX will be giving away a Lamborghini as well as some amazing prizes all the way up to $1.00. As seen in this [tweet](https://twitter.com/strikexofficial/status/1482019771977801729?s=21) + +All details needed are in this [tweet](https://twitter.com/strikexofficial/status/1482020183720005636?s=21) + +**What are the prizes ?** + +* A New York City break for 2 people (Flights included) **($0.20)** +* Dubai Holiday for 7 nights staying at the Burj at Arab ( Flights included ) **($0.30)** +* 15,000 BUSD **($0.40)** +* 25,000 BUSD **($0.50)** +* Rolex & 20,000 STRX **($0.60)** +* 50,000 BUSD **($0.85)** +* A brand new beautiful wrapped Lamborghini **($1.00)** + +**How does this work ?** + +A 3+BNB buy will enter you into the Tier 1 giveaway. Tier 1 consists of the NYC holiday, Dubai holiday and 15,000 BUSD. + +A 5+BNB buy will enter you into the Tier 2 giveaway. Tier 2 consists of 75,000 BUSD (one 25,000 BUSD prize and one 50,000 BUSD prize) A Rolex and 25,000 STRX and finally, the most awaited, Lamborghini. + +Each prize has a price target, once these targets are hit and remain at or above the target price for 3 consecutive days then the winners will be drawn. + +For the Lamborghini, the winner will be drawn once the price remains at or above $1 for 7 consecutive days. + +**When will the Lamborghini be bought ?** + +The Lamborghini will be bought at $0.65 and will be used for marketing purposes. + +**How long will the giveaway run for ?** + +The giveaway will run until all price targets are hit or until 31 December 2022. + +**Can I enter even if some target prices have been hit ?** + +Yes. You will be able to enter all the way up till the end of the giveaway. + +**Are my entries only for one prize ?** + +No. Your entries are valid until you either win the prizes or until the giveaway has ended. Please bare in mind that if you only have 1 entry then you can only win 1 prize. + + +**Terms and Conditions** + +* It will be BSC transactions **Only**. +* All Transactions will be monitored by StrikeX +* The prize draw will be at StrikeX’s discretion, any suspicious activity or manipulation could result in your entry being disqualified. +* **Selling and Rebuying STRX will not earn you additional entries.** +* Each transaction determines the amount of entries rewarded. **Two separate 5BNB buys will not earn you 3 entries** +* Selling STRX will void your entries +* You can still stake your STRX +* There will be opportunities to win a free entry into the giveaway. +* If you had bought before 18:00 GMT 14 January 2022, they **Will not** count as entries. + + +**Conclusion** + +Even I didn’t expect this ! The prizes up for grabs are some of the best prizes I’ve seen a Crypto company offer. I am most definitely getting myself an entry or two. + +This announcement is a win win for everyone, those who enter **and** those who don’t. Either way, every single person is earning money. There should be no complaints with this announcement. + +Ben Phillips and Thomas Smith have both tweeted out this giveaway too, this will bring so much attention to us. Last time I checked, over 200BNB has already been entered. I can’t wait to see this number in a weeks time ! + +Well done to the StrikeX team, the marketing team and the community. You all deserve this. + +Anyways, Here’s to Health, Wealth and Prosperity 🍻⚡️ + + +**What is the website ?** + +[StrikeX Website](https://strikex.com/) + +**How do I buy ?** + +[Trust Wallet](https://youtu.be/OX9C6-t7e-Q) + +[TradeStrike Lite - My referral code](http://www.flooz.trade/wallet/0xd6fdde76b8c1c45b33790cc8751d5b88984c44ec/?refId=LFgeH1&chainId=56&fromToken=bnb) + +**What is the StrikeX address ?** + +0xd6fdde76b8c1c45b33790cc8751d5b88984c44ec + +**What is StrikeX listed on ?** + +* [CoinMarketCap](https://coinmarketcap.com/currencies/strikecoin/) +* [CoinGecko](https://www.coingecko.com/en/coins/strike-x) + +**StrikeX is listed and available to trade on** +* [Probit](https://support.probit.com/hc/en-us/articles/4408406718105-ProBit-Global-Lists-StrikeX-STRX-) +* [BitMart](https://www.bitmart.com/trade/en?layout=basic&symbol=STRX_USDT) + +**Where can I contact them ?**  + +* You can contact them via their [website](https://strikex.com/) +* You can contact them via Twitter:  +* [StrikeXOfficial](https://twitter.com/strikexofficial?s=21) +* [CEO Joe Jowett](https://uk.linkedin.com/in/joejowett) +* [CCO Kishan Vadgama](https://uk.linkedin.com/in/kishanvdgma) +* [CTO Rob Clark](https://uk.linkedin.com/in/robclark99) +* [CSO Jason Butler](https://www.linkedin.com/in/jasonbutler1/) +TLDR: I've been studying cyber security for a LONG time, it's my job to be skeptical. You don't get a TLDR. You need to read this and think smarter. + +.......................................................................... + +So it's all over our front page, a coordinated attack. Yep. RadioAtBlossoms is NOT an ally. Let's get into it, but first apes need a lesson. + +So what is the purpose of disinformation? + +It is to give the gentlest of pushes to cause the maximum amount of disruption. That word is *key*. Not destruction. Not damage. *Disruption*. + +In destruction, there is rebuilding. +In damage, there is recovery. +In disruption? There is *only chaos and confusion*. + +This is precisely why Foreign State Threat Actors ... simultaneously promote AND condemn American Domestic issues such as: + +- Immigration +- Gun rights +- BLM +- ... and QAnon. + +If you weren't aware, two large foreign entities (nonspecific to avoid triggering their bot detection) were **heavily** involved in the distribution of QAnon. It isn't that it is directly harmful, it is that swimming through an ocean of debate about an issue is disruptive. It prevents people seeing the **real truth**. + +Oh look what we've seen in our subreddit... + +TWO exoduses. + +Multiple instances of huge subreddit wide bickering about non-issues. + +Spam about DFV selling. Spam about DFV buying more. + +Spam about the price going to infinity and to $0. + +Spam about AMC, Silver, RKT, CLOV. + +It goes on, and on... and this is where it really comes together now. You have been GROOMED and PRIMED to be suspicious of **everyone and everything**. Isn't that just the **perfect time for an anonymous actor to come in and give you that... teeniest of nudges?** + +RadioAtBlossoms presents the following: + +NO FACTS. + +NO IDENTITY. + +NO AGENDA. + +NO EVIDENCE. + +I absolutely insist that IT SHOULD BE IGNORED. It is dangerous to our group. He was BANNED from gme because the threads he was posting were being **brigaded by accounts spreading baseless lies**. + +We have people saying that hedge funds are assassinating people. We have people saying Kenny is a pedophile. We have people saying that the deep state is behind GME. + +Why? Because it causes the MAXIMUM disruption from the LEAST amount of effort. + +He comes in, posts vague comments that **anyone could have made** and ... + +HE ISNT CONFIRMING WHAT YOURE SAYING. HE IS CHOOSING COMMENTS THAT LOOK THE MOST DISRUPTIVE. + +WHAT???? + +With my some ten years of experience, I didn't see QAnon unfold in person. I saw it from the sidelines. I read reports, articles and 2nd hand recounts of it... + +But I'm here right now. I'm seeing this. And it *frightens me* at how effective it is. It is IDENTICAL. + +Don't you think it is absolutely bizarre how ALL these posts about ONE irrelevant person are ALL over the front page all at the same time? + +How all these comments about hitmen, pedophilia and deep state all appear out of nowhere AT THE SAME TIME. + +IT. + +IS. + +AN. + +ATTACK. + +You want to know the truth about GME? It's in the ACTUAL DD's posted by ACTUAL APES. + +Brothers... the GME story is: They got greedy. You don't need someone vagueposting that, to whip your emotions. + +**They're being punished.** They thought they had free money - they don't. **We do**. Because we saw through their bluff. We saw through their lies. We did *research*. We learned regulations. We wrote ACTUAL DUE DILIGENCE. + +That's the story of GME. There is absolutely NO VALUE to us in discussing or entertaining fanfiction at this time. + +Do it **AFTER** we squeeze. Go wild with your imagination **AFTER** we squeeze. + +If our subreddit repeatedly promotes known members of society as breaking the law (not SEC laws lol), when we have NO PROOF... our subreddit can be *poofed*. We also let ourselves vulnerable to FURTHER fracturing. + +People who are *pro* blossom and people like me, who are *anti blossom*. + +It all plays into the disinformation handbook of division, disruption and chaos. + +I warned /u/rensole about blossom before, back in /r/gme .My prediction hasn't been wrong about him. It's only getting worse. You deal with it, or it will consume the subreddit. Free speech is only as valuable as the intelligence and quality of information in the group. + +Honest speech? That is worth more than gold. It uplifts the group. It forces us to be smarter. That's what we need to win this. To be **smarter than those who tried to steal from us.** + +Uphold the integrity of truth. Blossom is not an ape. +The success of Ethereum as a successful smart contract platform has led many to try recreate the success story in their own way. + +Which one of them, do you consider to be a worthy opponent to the throne? + +And why? + +Options sorted by market cap. + +[View Poll](https://www.reddit.com/poll/9rbkei) + +&#x200B; + +The results are in! + +**Ethereum wins with 64,6% donuts voted.** No competition in sight! + +25,4% believes that another crypto might challenge Ethereum. + +4,3% thinks Tezos is a serious contender. Cardano comes a close second. + +The ethereum community recognizes NEO and IOTA as worthy contenders. + +&#x200B; + +**Shill-O-Meter** + +|||||||||||||||| ......................................**EOS** +||||||||||||...............................................**Cardano** +||||||||||||||||||||||||||||||..........**Tron** +|||||..............................................................**Tezos** +||....................................................................**Other** +||....................................................................**Ethereum** + +Tron is the most shilled and Tezos is the least shilled crypto. +Non-British national so forgive me if I’m wrong but as far as I understand it’s a tip like in most European countries with the difference that it is sort of already included. At least that’s what I’ve been told when I asked in London. I’ve also been told it doesn’t go to staff like in the U.S. + +Do you usually pay or do you ask staff to remove it? In the interest of spending less I would always ask to remove it (unless the food/service was great), curious to hear what others do! +I recently bought a number of items from an estate sale because we refinish antique furniture and resell for profit. + +This morning I saw an envelope stuck behind a drawer and its a common stock bearer bond for 1,100 shares of the Washington Post company which is now owned by graham holdings. Its signed by the registered transfer agent and what I can see everything looks legitimate. + +Could this be worth any money? Im trying not to get too excited because it would be way to good to be true if it was. + +&#x200B; + +Any advice on how I should proceed would be greatly appreciated. Thanks! +Good morning and happy Monday Apes, + +Disclaimer: I'm nobody and an idiot so you do you. This stock is awesome tho. + +&#x200B; + +**TLDR: The changes proposed to Tax Laws would be effective December 2021 with the exception of the proposed change for Capital Gains which would be retroactive to April 2021.** + +Soruce: [US Treasury](https://home.treasury.gov/policy-issues/tax-policy) +[General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals](https://home.treasury.gov/system/files/131/General-Explanations-FY2022.pdf) +[^(Whale Teeth For MOASS)](https://www.reddit.com/r/Superstonk/comments/p3q1ka/whale_teeth_killed_the_dinosaurs/?utm_source=share&utm_medium=web2x&context=3) + +Published May, 2021. That's important. + +[Published May 2021](https://preview.redd.it/diwjeoawdqh71.jpg?width=548&format=pjpg&auto=webp&s=40e8867025ac9aa70b49542be69ba80db51ef6e1) + +# Reform Capital Gains Tax + +The short layman: Currently, taxes on gains fall into 2 classifications. Short Term and Long Term, with Short Term being taxed much higher and Long Term taxed within your applicable tax bracket. + +This proposed change says **all gains, long and short** will be taxed at the higer rate for anyone who makes over $1Million income. + +What's neat about this? It's proposed to be effective RETROACTIVLY. + +**Likely April/May 2021.** + +&#x200B; + +>*" This proposal would be effective for gains required to be recognized after the date of announcement. "* + +This *announcement* is the very document before you. [General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals](https://home.treasury.gov/system/files/131/General-Explanations-FY2022.pdf) + +[I wonder why Uncle Sam would want to roll the clock back on this specific change.](https://preview.redd.it/63bipoc8eqh71.jpg?width=559&format=pjpg&auto=webp&s=080bd9c68e5a74be31da38d7fa9abfe4cd5154d7) + +# The other changes are NOT retroactive. + +[The proposed changes for higher income would be effect December 31. Not \\"after the date of announcement.\\" ](https://preview.redd.it/jnjn2f0bgqh71.jpg?width=517&format=pjpg&auto=webp&s=386befc0c66aef75107dd5514e73cbed68e845bb) + +I'll close with this. My tits are jacked and PROUD to pay my taxes to improve my country. We are all clearly aware of systemic issues and it does hurt to feel like you're paying into a system that's failing it's people. However, change needs to start somewhere and I personally believe the 1% should indeed be taxed much higher than the rest of the world. + +I will be just fine with my giant sum of money after being taxed a giant some of money. + +^(Whale Teeth For MOASS) +Thoughts? + +“Reported inflation is understated. Owners’ Equivalent Rent (OER) relies on owner surveys to estimate inflation in housing costs. This is an extremely imprecise metric. The single family rental market provides more accurate data. OER in today’s reported core CPI was 3.5% YoY. + +The largest owners of nationwide single family rentals are reporting 17% YoY rent increases. OER is 30% of the Core CPI calculation and 24% of reported CPI. Using the more empirical measure in the calculation increases today’s Core CPI from 4.9% to 9.0% and CPI from 6.8% to 10.1% + +Housing inflation is unlikely to abate based on supply and demand trends. The inflation that households are actually experiencing is raging and well in excess of reported gov’t statistics.” + +- Bill Ackman, Twitter + +EDIT: there have been many “Ackman is just talking his book again” responses which may be true, but this doesn’t make what he is saying false. he’s not the only one pointing out the understated inflation numbers. + +* “The numbers seem atrocious because they are atrocious. They are also understated. A discussion of the Percentage weights shows why.” +Source: https://mishtalk.com/economics/inflation-hits-a-39-year-high-in-november-the-biggest-rise-since-1982 published on Mish Talk 12/10/21 + +* "The CPI index is a Govt created tool... it's based on a survey that's been changed over the years that significantly impact the actual numbers that are reported and play into what Govt wants people to believe" +Source: https://youtu.be/pRIELoITIHI published on Khan Academy 4/7/2009 +[Forbes](https://www.forbes.com/sites/andrewdepietro/2022/11/29/canada-gdp-per-capita-a-full-breakdown/?sh=3dc71775666c) recently did a breakdown of Canada's GDP per capita. Using [constant 2015 U.S. dollars](https://datahelpdesk.worldbank.org/knowledgebase/articles/114942-what-is-the-difference-between-current-and-constan), Canada's GDP per capita in 2012 was $42,315.81 and $43,945.56 in 2021, a mere increase of 3.85% in 10 years. In fact, the historical peak was in 2019 where it just edged above $45k. Over the same time period, Canada's GDP (in constant 2015 U.S dollars) increased from $1.47T to $1.68T, a modest 14.3% increase. Canada's population increased from [34.8M to 38.4M](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000901&cubeTimeFrame.startMonth=10&cubeTimeFrame.startYear=2012&cubeTimeFrame.endMonth=10&cubeTimeFrame.endYear=2021&referencePeriods=20121001%2C20211001) from 2012 to 2021, an increase of 10.3%. + +How should investors interpret this phenomenon? It would appear that Canadians are not becoming more productive, and the majority of the increase in economic output of the country is coming from population growth. + +In contrast, U.S's GDP per capita in constant 2015 U.S dollars grew from [$54,213.5 to $61,855.5](https://data.worldbank.org/indicator/NY.GDP.PCAP.KD?end=2021&locations=CA-US&start=2012) from 2012 to 2021, an increase of 14.1%. U.S GDP grew from [$17.02T to $20.53T](https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?end=2021&locations=CA-US&start=2012) or a 20.6% increase. Meanwhile the U.S population grew from [313.9M to 331.9M](https://data.worldbank.org/indicator/SP.POP.TOTL?end=2021&locations=US&start=2012), an increase of just 5.7%. The U.S seems to derive its economic growth mainly from increase in productivity rather than increase the population. + +As an average Canadian, does this shake your confidence in the Canadian economy when it seems like our economic strategy just seems to be growing the population without actually becoming more productive? If you're an investor in the Canadian economy, what do you think? +Recently stumbled, without much prior knowledge of the situation, onto videos of Ghanaian president Nana Akufo-Addo apparently confronting the international chocolate industry (particularly the Swiss) and making public plans to heavily invest in chocolate production happening within Ghana, rather than relying on the export of raw cocoa. + +Is anyone better versed in the industry or region keeping an eye on the situation? What do people think his chances of success are, and how might the industry respond? What are the hidden issues that may get in the way of the development? + +At first glance, it seems to me that if successful, such investment (and accompanying employment and industrialisation) would be hugely beneficial to Ghana, and with such huge control of cocoa supply and good FDI for the region they look to be in a strong position to make a good attempt at it. +In “[Economic Possibilities for our Grandchildren](https://www.aspeninstitute.org/wp-content/uploads/files/content/upload/Intro_and_Section_I.pdf)," John Maynard Keynes suggests (circa 1930) that GDP will increase four to eight times over by 2030, bringing on a golden age of leisure in which people will only have to work 15 hour work weeks. + +We hit his wealth prediction well ahead of schedule. We reached an average GDP per capita of $63,416 in 2020. GDP per capita in 1930 was just $8,220. + +While I realize that peoples' wants have increased, and they spend more on those wants, I'm not sure I buy the idea that if we chose to live more simply, like our grandparents, we'd be able to survive on their income, or even close to it. + +It would be near impossible to get decent housing, food, clothing, and other necessities for $8,220 anywhere in the US. According to an [inflation calculator](https://www.usinflationcalculator.com/), $8,220 in 2021 dollars is $132,501, far above the current per capita GDP. I'm sure some costs have fallen, but enough to offset that sort of inflation? + +The other element is that while per capita GDP is $63,416, median GDP per capita is just $32,621. + +**Questions:** + +* So is the issue that inflation has eaten away at the gains, so the cost of necessities like housing, food, and clothing is more expensive than Keynes predicted? +* Is the problem that the wealth accumulation is real, but most of it accrued for the top 1%? Did Keynes assume it would be distributed equally? +* Can we really blame the failure of his prediction on human greed and our ever-growing list of wants? +Like many investors these days, I have been intrigued by the performance and philosophy behind the Ark ETFs and the competence of Cathie and her team. + +My main concerns with this ETF, as it is with many actively managed ETFs which rise in popularity quickly, is how new capital is allocated as investors pour their cash into the funds. + +Let's take Ark's flagship ETF: ARKK. This fund invests all of its capital in just over 50 companies. As more money pours in, new capital has to be deployed in one of two ways: + +1. To buy more equity in the companies currently present in the fund which will lead to growing ownership. The number of companies in which Ark has over 10% ownership is over 15 in ARKK. This level of concentration can lead to an "artificial" pump in prices and comes with limitations and other problems as evident by the rise and fall of many 90's actively managed funds. +2. The other option is to invest in new companies which might force the Ark team to select sub-par firms resulting in sub-par results in pursuit of producing stellar results and beating the benchmarks. + +This is a classic problem that all popular active funds have faced. How do you think Ark will navigate this problem? Are they any different that many active funds which have beat the benchmarks some years only to trail them in others? Would love to hear your thoughts! +Hi guys, + +So it seems that most economists hate price controls as it leads to shortages for example. + +I’m not sure why that is but if I had to guess it’s because things are priced at less than what people are willing to pay them for, so they purchase more of what they need - also presumably because they don’t know how long the controls will last and will take advantage of it while it lasts. + +If this is the reason, I have a potential workaround and was wondering if it would work. + +Let’s say we price controlled food so that it was affordable for all and ALSO placed a limit as to how much you could take. Don’t we get the best of both worlds in this case? + +Food is affordable to all and there is no shortages of it? + +Would the issue be the political ramifications of this? + +I.e. businesses would leave the country etc… + +Thanks in advance. +Just wanted to get down in writing the value plays I'm holding right now. I am an investor who almost exclusively purchases cigar butts and companies with fundamentals that are trending in the wrong direction but the prices are too cheap to ignore. + +If you’re looking for great companies at reasonable prices, this won’t be the spot to find them. + +Not going to include a bunch of DD for each play, just a super quick summary of why I own a particular stock. Usually it's just because it's unjustifiably cheap in my view. Unlike many people on Reddit who seem to feel the need to read the 10k for every single company they research, and spend 100 hours on a single stock, I spend my time tracking and researching thousands of stocks, so very little time on an hours-per-stock basis. I have spent quite a few hours on some of these, but others are purely gambles. I’m not the smartest person in the room, but I’m pretty good at recognizing that and leverage the intelligence and research of others. + +I’ve been into passive investing for 20 years, and only actively picking stocks for 6 years. Im currently down 1.8% this year, and would be worse if I hadn’t dumped a bunch more money into the market in May and June. + +6 years isn’t very long, so I don’t think my success(57% yoy) is indicative of a great strategy moreso than luck, but I’m quick to change strategies if something isn’t working. GME gave me a 92% 2020 and 134% 2021, so that inflates things. + +As far as valuations go, these are all dirt fucking cheap... I'd say way way way too cheap and performance only needs to vary between 'don't go bankrupt' and 'mediocre' for most of these to be multibaggers. I'm sure at least a couple of these companies will be bankrupt within 3 years though lol. + +ADV(Advantage Solutions) - Got this idea from Klarman. It's one of his deep value plays around solving supply chain issues. + +CNDT(Conduent) - Cheap ass company, tons of insider buying, designed to help companies increase margins and a whole bunch of other shit. + +CPS(Cooper Standard Holdings) - Auto supplier that was left for dead. Poor performance compounded by semiconductor shortages. Priced for guaranteed bankruptcy at the bottom. Financing appears to be coming in, chip shortages are easing, this could be a 10-15 bagger from today's price. + +CWH(Camping World Holdings) - Got this idea from Marc Cohodes, DFV, and David Abrams. Sometimes I just need to park cash somewhere cheap until I find time to dig deeper. + +KD(Kyndryl Holdings) - IBM spin off. Can't believe how cheap this company is. I read Jeremy Blum's article on Seeking Alpha back in May this year. Decent shot at a 4 bagger from today's price. + +(Banned Ticker) - Towle brothers coming in with another solid deep value play. It's small, only 0.08% of their holdings. It's been a great play so far this year though. I'll probably start trimming soon, but should still be a double from here. + +KIRK(Kirkland's Inc) - I like the buybacks, I like the insider buying, the float is tiny, no debt, I bought back in may and am happy to watch this one play out further. Trading around book. + +HOFT (Hooker Furnishings) - furniture demand still strong, their backlog is massive, balance sheet isn't particularly scary, the insiders are buying like crazy, so did I... + +MAC(Macerich) - REIT, trading like dirt. They refinanced a whole bunch of their debt(around 80%) at the lows. Something their competition wasn't able to do. Which explains all the insider buying as of late. Solid dividend and should also be a 3-5 bagger. Really like this one. + +MTW(Manitowoc) - Towle brothers keep bringing me back in. It's cheap, I trust them on this one. + +OSTK(Overstock) - Not exactly the cheapest stock. Maybe slightly undervalued for the e-commerce business, but it's a bet that the market will price in the Medici portfolio sooner rather than later. Could be a dud, could also be a 20 bagger. Who knows. Trusting David Goone to get it done at the helm of TZero. + +PRTY(Party City) - Honestly... I bought purely because Clifford Sosin and DFV bought a whole bunch at higher prices lol. P/S=0.1. P/E=2. I am a gambler though. Gambling like this is an obvious no-no in the investment world, but IDGAF. If this one plays out well, hopefully the reason Sosin and Gill bought in will reveal itself. Plus gambling is fun for me. + +SPWH(Sportsman's Warehouse) - Their track record is too good for me to believe that they've all of a sudden forgotten how to run the business. Macro headwinds just handed this one to us. Burry thought the same thing and I don't know why he sold. + +TUP(Tupperware) - Turnaround is going according to plan, just slower than anticipated. Fernandez managed to pull this strategy off with Avon and I'm hoping he can do the same with Tupperware. + +XRX(Xerox) - Priced for absolute destruction, but a decent dividend and daddy Icahn babysitting is all I need here. Insider buying tells me they will be shareholder friendly. + +BBBY(Bed Bath and Beyond) - sub $10, it is worth the gamble in my view. Regardless of some potential squeeze, if BBBY finds a way out of the mess they are in, this should be a quick 3-4x. odds aren't great, but they're good enough for me at $10/share. + +WBD(Warner Bros. Discovery) - Everyone is convinced Zaslav is going to run this company into the ground and turn it into a reality tv trash service. I'm guessing that's partially why the price is so low. They are they only consistently FCF positive company between Netflix, Disney+, and Amazon Prime. + +BABA(Alibaba) - China is all about the QE right now, everyone knows BABA is cheap, the "China" risks actually seem way overblown in my view... like... wayyy overblown. + +LABU(Direxion Daily S&P Biotech Bull 3X Shares ETF) - Valuations in Biotech companies are at multi decade lows, balance sheets are extremely strong, biotech has typically performed very well in high interest rate markets. + +Anywho. These are my plays for now. Could change a little in 3 months.. could be the same for another 12-24 months.. who knows. +I’m 15 and on my 3rd job, i’ve have 4 grand in the bank and i think i’m ready to start a roth ira, currently i have 2 seasonal jobs that pay decently, i make around 900 a month. +Do you think i’m ready? +And what amount do you think i should start with +You apes should feel fucking PROUD that we have gathered over 8.9 million shares that are directly registered under your name. + +These are over 8.9 MMMMMILLION shares that SHF, Brokers, and Clearing houses can’t fucking touch. + +Over 8.9 million shares that can’t be shorted, loaned or sold by broker fuckery. + +You actually fucking own this company, and people against GME and DRS and fucking TERRIFIED. + +Yeah, that’s right. These people are FUCKING SHITTING THEMSELVES that apes are actually going to secure the float. + +Securing the float doesn’t happen over night. It’s a long and dedicated process. + +I’ve seen all the DRS posts from Apes since January, and I can tell you that I have continued to buy and DRS my shares. + +I’m so fucking proud of you all. + +If anything, this gives me more vigor to buy more and DRS MY shares. + +Congrats Apes. We are going to fucking do this. Brick by brick we shall have our day. + +A DEEP FUCKING CHEERS TO YOU ALL ☘️🍻 +I’ve heard many stories of investors loosing it all during the 2008 crash and wanted to see what people’s opinions are to prevent this in the future in case their is another major crash… not saying if it’s going to happen but not a bad idea to have a plan + +I’ve got a small portfolio of single family rentals all in B- C+ neighborhoods. They are all cash flowing, and have at least 25% equity in them. I also keep cash reserves for repairs, vacancy exc… + +What would cause me to loose my portfolio and what are some reasonable steps to put in place to protect these assets? +Don't know if I'm going mad or something, but people seem to have forgotten the 4.5 Trillion the FED gave away to Banks/WallStreet in the Q4 of 2019, even before the so called Covid plunge in 2020. + +[https://tokenist.com/fed-finally-identifies-banks-received-4-5t-q4-2019-repo-program/](https://tokenist.com/fed-finally-identifies-banks-received-4-5t-q4-2019-repo-program/) + +[https://wallstreetonparade.com/2020/04/here-are-the-contracts-showing-how-4-5-trillion-in-stimulus-was-outsourced-to-wall-street/](https://wallstreetonparade.com/2020/04/here-are-the-contracts-showing-how-4-5-trillion-in-stimulus-was-outsourced-to-wall-street/) + +I mean since people are discussing the reasons for inflation because of RC's Tweet and all, but how can anyone honestly accept inflation is increasing because of "Supply chain" issues as a credible answer without doing a double take if they are indeed serious. + +&#x200B; + +&#x200B; +Quoting Bloomberg. + +>Zuckerberg appeared red-eyed and wore glasses, the person said. Employees were told he might tear up because he'd scratched his eye. + +Sounds like losing 21 Billion in net worth overnight will cause “eye scratching” + +Personally, I am actually long FB with 10 shares but I'd happily set that go to zero if it means Facebook goes down. Nothing excites more schadenfreude in me than Zuck losing billions. + +Anyways the metaverse is a stupid fucking idea. No one wants to wear goggles and completely immerse themselves in FB's dumb virtual world. +NTTD token is a project made by Bond fans, FOR Bond fans. + +This community driven project will feature a full-fledged NFT Marketplace in which film and crypto fans can mint, buy, swap, and sell their very own NFTs. + +The main function of the $NTTD token itself is to fuel the ecosystem of the marketplace, as one of the main currencies along with BNB smart chain. + +The market cap is currently only $68k and this is a project with HUGE goals and ambitions, so it goes without saying that this will not last. + +Tokenomics: + +0% tax on buying and selling. + +20% in PCS LP. + +15% burnt. + +For your safety: + +🔒 Liquidity locked for 30 years. + +Ownership fully renounced. + +🕵️‍♂️ Dev fully doxxed, with video proof in the telegram chat. No anonymous owners! + +📈 NFT Marketplace + Nodes released fully at 30M market cap. + +📝 KYC audits to be released ASAP. + +Multiple exchange listings at 100M market cap, + +Complete website revamp. + +Regular voice chats hosted in the telegram chat. + +Socials: + +🌐 notimetodie.me + +🐦https://twitter.com/nttdtoken + +💬 https://t.me/notimetodiechatNTTD token is a project made by Bond fans, FOR Bond fans. + +This community driven project will feature a full-fledged NFT Marketplace in which film and crypto fans can mint, buy, swap, and sell their very own NFTs. + +The main function of the $NTTD token itself is to fuel the ecosystem of the marketplace, as one of the main currencies along with BNB smart chain. + +The market cap is currently only $68k and this is a project with HUGE goals and ambitions, so it goes without saying that this will not last. + +Tokenomics: + +0% tax on buying and selling. + +20% in PCS LP. + +15% burnt. + +contract; 0x35D6fd09C61eC1bce97309b0b1a161c263F1688f + +For your safety: + +🔒 Liquidity locked for 30 years. + +Ownership fully renounced. + +🕵️‍♂️ Dev fully doxxed, with video proof in the telegram chat. No anonymous owners! + +📈 NFT Marketplace + Nodes released fully at 30M market cap. + +📝 KYC audits to be released ASAP. + +Multiple exchange listings at 100M market cap, + +Complete website revamp. + +Regular voice chats hosted in the telegram chat. + +Socials: + +🌐 http://notimetodie.me + +🐦https://twitter.com/nttdtoken + +💬 https://t.me/notimetodiechat +I understand that generally speaking, this administration would like to get current inflation rates down from where they currently are. Is it possible that this goal potentially influenced their recently announced decision that they will not be cancelling student loan debt, and debtors will be expected to resume paying on their loans relatively soon? + +Or is student loan debt unrelated to inflationary policy? +Good morning San Diago, + +I am Rensole, + +Do you smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/xlxwr6o9e3u61.png?width=680&format=png&auto=webp&s=8ade65933b3df58d9496c65bd03500ddc058ae28 + +None of this is financial advice, I just put the subs posts together so stuff doesn't get lost. + +# Big sell orders + +Ok first things first as this one caught my eye, it seems some people (shills or people who are fairly new to this) have spotted a sell order of about 200,000 shares. + +This won't be our boy DFV, and you know why I know?Because he likes the stock, he quadrupled down last friday, buying 50.000 from his options and 50.000 more at market price, meaning he upped his base price and spent a lot of money doing it. + +He has stated a long time ago and multiple times through the months that he really just likes the stock and he sees GME doing a turn-around, netfix style (aka being a meh company to one of the biggest). + +So going off of pure logic, why sell now ? + +&#x200B; + +https://preview.redd.it/83m6kpi8j3u61.png?width=380&format=png&auto=webp&s=5f50915423f2501d56897d2462b641e258a3816d + +# Late night Hedgies part 2; electric boogaloo + +Ok so I'm away for the weekend come home and see we have mission impossible part deux monkey boogaloo going on. + +so lets first give the sources + +[ABN AMRO](https://www.reddit.com/r/Superstonk/comments/mtkv4u/abn_amro_headquarters_in_amsterdam_top_floor/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Brazil Bank](https://www.reddit.com/r/Superstonk/comments/mtmoil/brazilian_bankers_working_hard_on_a_sunday_night/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Citadel HQ Chicago](https://www.reddit.com/r/Superstonk/comments/mt85ej/google_says_there_is_more_activity_at_citadel_hq/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[London Stock exchange](https://www.reddit.com/r/Superstonk/comments/mtepmk/london_stock_exchange_a_lot_busier_that_ususal/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Credit Suise Zurich](https://www.reddit.com/r/Superstonk/comments/mtoa1o/credit_suisse_in_zurich/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Frankfurt stock exchange](https://www.reddit.com/r/Superstonk/comments/mtlpj6/deutsche_bank_hq_train_station_reporting/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Why are banks working so late?](https://www.reddit.com/r/Superstonk/comments/mt7gpk/connecting_the_dots_google_saying_citadel_hq_busy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Hi Intern, how are you? You guys getting enough rest? please do](https://www.reddit.com/r/Superstonk/comments/mto8db/google_trends_has_a_handy_little_tool_superstonk/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +A good Ape did a great rundown in this thread [here](https://www.reddit.com/r/Superstonk/comments/mtgr19/a_breakdown_of_citadels_overnight_activity/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). + +&#x200B; + +So what the hell is going on? + +Maybe a cleaning crew? + +&#x200B; + +Well for ABN Amro I know for sure that it's most likely crypto as speculated before, as this came out today [https://www.businessinsider.nl/abn-amro-witwassen-schikking-480-miljoen-om/](https://www.businessinsider.nl/abn-amro-witwassen-schikking-480-miljoen-om/) + +So does this mean that all the institutions and banks we have seen burning the midnight oil in the weekend where doing that? no. + +ABN Amro did not themselves do money laundering but they had an obligation to check if clients where doing such things, and they didn't or failed in their efforts to do so. + +This all seem to tie together with the crypto market crashing over the weekend, as well most institutional owners can't trade in the weekend because they're closed. + +Also what's good to note is a comment made that I've read but could not verify if true, It seems that before the crash in 2008 the financial markets made the biggest moves on friday night saturday and sunday, but during the week it was business as usual, so we know what we need to look for this time around. + +One word of note though, I am fully ok with keeping an eye out on institutions, but under no circumstances should anyone make personal contact with any employees, remember they are just people working for someone else, and we should respect the personal boundaries. + +As for the pictures and videos, make sure you are following the rules and laws of your country, I know that in some countries it's legal in others it may not, so make sure you follow the law to the letter. + +They may break the law on a daily basis, but we work in the light and uphold the law, always + +https://preview.redd.it/r2cllip8f3u61.jpg?width=618&format=pjpg&auto=webp&s=2c2a4b8d424653aa2a7cc83a7b046cd8485863f9 + +# The man with the plan + +Our boy Gensler got sworn in on saturday! + +[https://www.sec.gov/news/press-release/2021-65](https://www.sec.gov/news/press-release/2021-65) + +[as wrote in this thread](https://www.reddit.com/r/Superstonk/comments/mtko2f/hypothesis_on_why_shitadel_is_working_in_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) it seems that there was an advanced notice that went out alongside it, it seems that the DTC-2021-003 may be implemented soon and there was a notice that went out to everyone that they needed to submit positions starting on Monday (or at least in the next week or so), tis could logically explain why a lot of banks were burning the midnight oil. + +Also him being sworn in on a saturday is a big thing, as the only people from the SEC heads being sworn in on saturdays were always when shit hit the fan, so... yeah gives food for thought at minimum. + +&#x200B; + +https://preview.redd.it/04c5x994q3u61.png?width=598&format=png&auto=webp&s=3c2a40296d49f2248d6b010ae7b4ec9e31c3fd7b + +Also on the dog, let me be clear, it could be that this is a person with pure intentions and wants to help out, it could also be someone who's being propped up to look as a good person only to pivot later and change their tune, but as of right now it looks like it's a good boy. + +So just as always, trust no one, double check everything and verify all info for yourself. + +&#x200B; + +&#x200B; + +https://preview.redd.it/36wmv0len3u61.png?width=1200&format=png&auto=webp&s=3eb43e3c876efbfbe406bbc942884185b39e1bb9 + +# No dates! + +Ok people let's go over this one again, no dates! we are excited for the coming weeks but as you can see, we've also seen a google search analytic that citadel is keeping a good eye out on this sub ([https://trends.google.com/trends/explore?date=today%201-m&geo=US-IL-602&q=superstonk](https://trends.google.com/trends/explore?date=today%201-m&geo=US-IL-602&q=superstonk)) + +We have been saying this for quite a bit + +https://preview.redd.it/b95kpmojl3u61.png?width=960&format=png&auto=webp&s=3fc94dc3c4713a16753f8f377a2b77e6b5cde53d + +People have been saying they have been keeping their eyes on us for quite some time, so remember no dates, just chill and sit back and let it happen. and trust me I want this to be over ASAP, but we have to keep our heads on straight and realise these idiots will try to keep breaking moral as much as they can. + +We have seen people from /biz/ come over here warning us of the same things happening to them, thread splitters, shills etc [You can see the thread here](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/). + +Things of note that you should definitely take a look at are these two links: + +[https://preview.redd.it/8yz1vusxqlt61.png?width=1169&format=png&auto=webp&s=5c2b96d2ae38e008e788b06f77508df45c795e93](https://preview.redd.it/8yz1vusxqlt61.png?width=1169&format=png&auto=webp&s=5c2b96d2ae38e008e788b06f77508df45c795e93) + +And [https://www.gutenberg.org/files/26184/page-images/26184-images.pdf](https://www.gutenberg.org/files/26184/page-images/26184-images.pdf) + +Now I'm not in any way saying that there is a bigger organisation behind things, but we have been seeing exactly these things happen, so to be clear I'm not going full conspiracy on this, but these two links do describe who and what we have been seeing going on on multiple subs and even outside of that, we have been seeing the same on /biz/ reddit and even the comment sections of etoro and Webull. + +So please read so you know what you are dealing with, as once the subjects (us) know what they are trying to do it won't work anymore. + +Also everyone is hyped that even at this price DFV likes the stock, so you can expect Shitadel to try harder then ever to keep it down so be sure to keep an eye out for my favorite books, Fuckery, Advanced Fuckery and WHAT THE FUCKERY. + +&#x200B; + +https://preview.redd.it/ethsqvr4p3u61.png?width=608&format=png&auto=webp&s=bfa3cd6c714a84267b7db70bd6e1b09fe164781a + +# Yolo with Domo + +yeah boiii, tomorrow we got our yolo specialists on, on 4/20. + +So be sure to ask these guys everything you'd like, if you want to know who they are read their description, I personally like these guys as they seem to very straight forward and even go as far as calling shit out from the media (sherman got his shares called in and MSM wrongfully said he sold these), they talked with RC on how this stock could become 1000 a piece, and how it would go etc. + +So be friendly be kind and ask them all the things you'd like to know. + +[https://www.reddit.com/r/Superstonk/comments/mtnian/official\_ama\_justin\_dopierala\_founder\_and/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mtnian/official_ama_justin_dopierala_founder_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +https://preview.redd.it/kqmejbolp3u61.png?width=305&format=png&auto=webp&s=b7a3f8f64e2c4e8ffc5611a0da18551209b2ea7e + +# DFV CONFIRMED! tinfoil hat time + +Ok this award can be given by anyone, so even though it would be cool that DFV would be handing these out it's more likely that y'all are hyping yourself up and trolls and shills are abusing this to mess with you. + +I mean for christ sake guys, anyone could give these out anonymously, so again TEMPER EXPECTATIONS. + +I'd love for it to turn out that I'm wrong on this, but chances are much bigger that these awards come from regular people then DFV himself. + +&#x200B; + +https://preview.redd.it/mkln5dd0r3u61.png?width=512&format=png&auto=webp&s=bea21547d1f9ecb0c75015b75e07554c398fd0b1 + +# Looks decent but not sure + +ok so I've seen this specific thread come up: + +[https://www.reddit.com/r/Superstonk/comments/mtftsq/i\_think\_i\_figured\_out\_what\_dfv\_knows\_and\_its/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mtftsq/i_think_i_figured_out_what_dfv_knows_and_its/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It looks very promising but I'm gonna be 100% honest here, I have no clue if that's how it works or not. + +If so then... fucking awesome, if not nothing bad and it's just another day. + +&#x200B; + +&#x200B; + +https://preview.redd.it/2b5ra6y6r3u61.png?width=554&format=png&auto=webp&s=a56bd05e842afbfbc1f956dcdd3226599bd536c6 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/77lwojqgr3u61.png?width=400&format=png&auto=webp&s=c9595f5dd1017c80b94854819b66f94bf030d49a + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day I will be adding it here. + +backups: + +[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1) + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +And I'll be posting updates as they happen here: + +And please remember we don't know what the next few days will bring, they are exciting but we have gotten our hopes up before so please temper them, relax and try to take your mind off of things this weekend. Go get some R&R . + +&#x200B; + +If I missed anything I'm sorry but this weekend was more crazy then normal weekends, hell I'm an hour later with uploading then I normally post stuff... so wow + +&#x200B; + +Edit 1: + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-chief-executive-officer-succession-plan](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-chief-executive-officer-succession-plan) + +George Sherman out as CEO! Succession plan to be released (just released less than a few minutes ago) + +[https://gamestop.gcs-web.com/node/18826/html](https://gamestop.gcs-web.com/node/18826/html) +Hey everyone, so my wife and I are quite low income earners (barely over 100k combined) but have just managed to buy a 3 acre block of land in regional NSW with cash. Finance for the build has already been formally approved too. We managed this by living with my inlaws for nearly 5 years, living off of one wage and having zero debts. I have actually become quite good at just not wanting to buy stuff honestly but there is one thing I want to try and budget for when we build and everyone thinks it's a huge waste. + +A full half court basketball court. I was basketball mad as a kid and teenager but work, life and having 3 kids put it right on the backburner as an adult. I always said to myself I want a big slab of concrete and an actual inground hoop when I have my own place one day though. It was literally the only thing I wanted as a kid but I never lived anywhere with so much as a footpath I could use. I just think the kids would absolutely love it and would get them outside a lot more. + +Now to do it properly, I'd be looking at a minimum of about $20k. A good quality professional inground hoop that is covered by dunking and hanging off of is at least 3k-4k. A 15m x 10m slab is where the rest of the money would go. It's so much money for us on one hand but I know how well my wife and I can save an budget. I really don't want much (I still drive a 20 year old Camry because I don't care about cars at all for example) but everyone I have mentioned this idea too says I'm nuts. + +Anyway, what big purchases did some of you make that was 100% worth the investment? Anyone fulfil a childhood dream and are glad they did? Cheers. +Every ape who gets a chance to see this, do not believe the words of any one person or entity. Decide for yourself through all of the data, facts, and evidence provided...the importance of the material discussed within this post. + +I have witnessed it retain literally *more awards than comments* at one point...along with multiple apes reaching out in regard to how far buried its been since its release and so forth.. + +*See for yourself, how this game, with damn near certainty, will end. The Fractionalization of the N.F.T*. + +The true meaning behind 741/F-N.F.T Link. Follow the trail..leave no stone unturned and realize the trap that was laid out for every shortbus and Co member on the wrong side of the holy stonk.. + +https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/?utm_medium=android_app&utm_source=share + +Game On, Anon. +To quote one user on the matter. + +>I mean, as the name implies, it's a study and critique of capitalism (and the classical economics of the time) that stands unchallenged for 150 years and counting. Everything that has come since in the field of economics has been in reaction to Das Kapital. +The fact that its publication is alone responsible for forcing the shift in bourgeois liberal economics from classical to neo-classical, Keynesian, whatever, and that none of it has managed to "disprove" or make Marx obsolete in any way whatsoever, should tell you just how much of an influence Das Kapital truly was, and still is, on everything in economics and politics. + +>Only one group of economists were not caught off guard by the crisis in 2007/2008, and it sure as shit wasn't the Keynesians... + +Links to sources would greatly be appreciated. Thank you. +Etsy sent the IRS a 1099-K form with my SSN stating over $20K in sales. Back taxes and penalties are over $8,800. I don't have and had never had an Etsy shop. I don't even know how to sell on Etsy or how to make anything anyone would want to buy on Etsy. The letter from the IRS says + +"If the income shown on this notice isn't yours, send us the name address, and taxpayer identification of the person who received the income. To prevent future incorrect reporting to the IRS, notify the payer to adjust their records to show the correct name and taxpayer identification number" + +I've contacted Etsy customer help through chat and email, they have no customer service phone number. So far they don't seem to understand the problem. They want me to tell them my shop account number so they can fix the 1099-K, I've told them multiple times I don't have a shop and never have. After one email they've stopped responding. + +Not sure what my next step is. If Etsy doesn't respond how do I resolve this with the IRS? +Hi everyone from a Berlin couple! + +Let us give you our current situation. We are a couple living in Berlin. We are currently renting a 1-bedroom apartment for 500€ (a 6-year-old contract :) ). + +Our combined income is around 7.5K€ per month net. Our cost of living is around 2K which means that we have around 5K to invest per month. + +So far, we have been investing it all in VWRL ETF. We have around 120K€ in this ETF and 30K€ in cash. We know that we are cash-heavy, but we enjoy peace of mind, so we are willing to eat the inflation cost. + +Our plan is to keep investing as we are right now, and retire in our 40s. + +And now we come to the question. Everyone around us is taking these huge 500K+€ loans and buying apartments. + +To buy the same apartment that we are currently living in (which is an old building, outside of the city center) would cost us around 300K€ (the one next door was sold last month), which, for me, doesn't make any sense when the rent is only 500€. The current rent for neighbors below us that moved in last year is around 700€, so even for them, we are not sure that it would make sense. + +We don't have kids yet and will be able to stay in this apartment for at least 4 more years. + +Could someone explain to us the financial benefits of owning an apartment in Berlin? We went through the numbers, and we just can't figure it out. The paperwork costs are around 10%, which means that you are immediately 10% in the hole. You also need to pay taxes on the apartment, fix things, maintain it... Furthermore, you need to pay taxes on gains when selling it. Even when taking into consideration a low-interest rate (\~2%) and leveraging half a million euro, returns are not that great compared to the risk. + +Rents are of course rising as well, but once you find an apartment and move there your rent is pretty much frozen after 2 years of living. Renters' rights are also pretty good in Berlin. So we just can't wrap our minds around why would we put all our savings and more in a concrete box in Berlin. + +Is there something that we are missing? +As the Beatles have wisely taught us, money can't buy you love. I feel that money is certainly not the be all and end all of happiness. + +However as a person who has always struggled financially, I've always wondered how different it would be to not worry about bills and rent on a monthly basis; To not have to be concerned with the monthly minimum payback amount on the credit card statement; To be able to spend time doing things that I consider creative, important and beneficial, rather than having to work a mundane unfulfilling desk jockey job. + +So for those of you that started with nothing, but have through one way or another come to be well off. + +How does it feel? + +What changes? + +Do you worry more about money (keeping it, losing it) now that you have it, or did you worry more when you had none (how do i get it? etc)? + +UPDATE: Thanks for the responses everyone, it's interesting to read about different perspectives. + + +Hello! + +I am an average employee and earning 5,45,052/Year from my average salary having four family members including me. + +My Mother, Father and my wife. + +So, I was planning for 2020-21 Tax savings and came to this problem. + +Last year I bought the home loan from SBI which has EMI of 23,400/month from sept 2020. + +Now If I calculate the net taxable amount through income tax calculator then it comes to \[5,45,052 - 50,000 (standard deductions) = 4,95,052 Net taxable income. It shows 12,253 as taxable income. + +Now my employer says I cannot claim tax deductions until and unless you don't receive the possession of the house property. Now my house possession is planned in Aug 2021 but due to corona situation I am not sure that I will get the possession in this year.. + +So, my question is what can I do to save my deductions, can I save tax deduction of 12,253 Rs. by showing the house loan? or any other way by provisional interest certificate? + +I do not have any insurance or fix deposits, even i cant afford it as half of the salary i am paying for the home loan. It seems a Burdon on common man that I cant claim my home loan against standard deductions. + +I have PPF account, but where to bring extra money to show the savings in PPF. + +I have used ITR website to calculate my taxation. + +If any CA of Tax expert can you guide me further what should I do to save this money. + +Quality comments are invited. +Today marks the beginning of a hopefully successful career in trading full time. I have a plan, a strategy, my management systems are set, my psychological strategy is grounded. I'm ready for it but I am scared beyond belief and I believe that's a good thing. This is my dream, I loved the days when I got off work early and traded. And I'm scared because I don't want to fail at my passion. Beyond the many jobs I've had over the years, trading was consistently my passion throughout it all. Wish me luck guys! + +Edit: ignored y'all because that's how I do but I do have a few things to say: +1. Thank you to everyone for sending their best wishes, I appreciate it dearly. +2. To answer the few people asking about my starting capital. I'm starting with $1k because I truly believe if you can't turn $100 to $1000, you can't turn $1000 to 10k, etc etc. And I've turned 100 into 5k during the testing phase so 1k is to afford premiums and reach my inflection point ~faster~. +3. I've saved up about 2-3 years worth of expenses so I'm good for some time and I can extend it further if I get a part time job paying for the major expenses if I fail to reach my inflection point within 6 months. +4. My strategy is my own so I won't divulge that but what I do plan on doing is try to consistently compound my gains between 2-10% of total port risking less than 5% of total port per trade. It's gonna be a lot of effort but my testing phase determined it was feasible. +5. If y'all want an update later down the line, I'll do one at 6 months or if I fail before 6 months and back to the working class I go. +Hello you money making savages! + +I hope everyone is doing well in these volatile times. I wanted to see if there are any current or past employed algotraders on here that could shine some light on what an average day looks like? Any reposes to the below would be super interesting & appreciated :) + +\- What data do you generate/work with? Price, news, earnings, social data, search data? + +\- What languages and libraries do you use? Python, matplotlib, pandas, numpy, scikit-learn? + +\- What are the steps in data processing? Aggregating price data across stocks? Pre-processsing text based data for topic modeling? + +\- What are the outputs you deliver? Back tested trading algorithm? Analysis of potential investments based on research? + +\- Typical meetings, timelines, deadlines? + +Thank you and all the best, + +&#x200B; + +N +**TL;DR: GME is a safe haven asset with strong fundamentals and a demand that will only be increasing post-split. The economic factors associated with GME will inevitably beget MOASS, and ultimately pave the way for a potential GME price per share in the millions.** + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Recommended Prerequisite DD: + +1. [SHFs Can & Will Get Margin Called](https://www.reddit.com/r/Superstonk/comments/vrwfjt/shfs_can_will_get_margin_called/) +2. [Burning Cash](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Economic Principles of GameStop + +§1: Supply & Demand Analysis + +§2: Stock Split (In the Form of a Dividend) + +§3: GameStop's Fundamentals + +§4: GME as a Store of Value + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**§1: Supply & Demand Analysis** + +The supply and demand factors of GameStop can be demonstrated with a few simplistic models. + +We all know the basic market dynamics that shape prices in a microeconomic setting, but in the [case](https://imgur.com/a/Zcjn2k6) of GameStop, we're constricted by heavy SHF manipulation. + +We can consider this constraint imposed by SHFs as a price ceiling. + +Now, generally, when we have a price ceiling, we'd be facing a circumstance as illustrated by the following graph: + +[Price equilibrium is denoted by P\^E & price ceiling is denoted by P\^C.](https://preview.redd.it/463k8h748cc91.png?width=1440&format=png&auto=webp&s=c6a4b0b6404bb862a7543c4b78f2ed1f4107b515) + +In essence, the price is not being allowed to move any higher; this is comparable to GME being forced below critical margin levels. However, unlike the general model, there is no shortage of shares. There *is* a shortage of real shares, but not synthetics. SHFs can combine covered calls and married puts to create a synthetic share ([see Fidelity's webinar presentation on synthetics for further details](https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/SyntheticOption_Webinar.pdf)). This is why registering your GME shares makes matters more costly and difficult for SHFs in the long run. And in the event all shares get accounted for (the free float gets locked), MOASS would ignite, as there would no longer be room for fake shares to exist when every GME share has been publicly and visibly recorded. Although, the MOASS would most likely take place well before then. + +We can obtain further confirmation of price suppression (and a SHF imposed price ceiling), by analyzing DRS rates. + +Computershare accounts have only been increasing since nearly an entire year. + +[Courtesy of Ape \\"8ate8\\"](https://preview.redd.it/reuyhg5d8cc91.png?width=720&format=png&auto=webp&s=a7ca21dd986a302c41fde1f1f88a37af8c4dd9e2) + +Same with DRS'ed shares. These are the number of registered shares since the past month. + +[computershared.net](https://preview.redd.it/dyrkrslj8cc91.png?width=1205&format=png&auto=webp&s=714a23e0a046ba2735191b3c5e5234975dcadd7f) + +Since September 2021, Apes have registered over 16 million GME shares, yet instead of the price steadily increasing along with DRS rates increasing, it has steadily been going down in the long-term (this is because of SHF price suppression and because their critical margin levels have continued to slowly decrease over time). The current GME price movement is inconsistent with a stock that is actively being directly registered, and especially when registration rates are increasing per quarter (as confirmed by GameStop's most [recent 10Q](https://news.gamestop.com/static-files/5df55006-ebe2-478e-8058-d88a7b5b3d88)). As such, it can be said with a high degree of confidence that there is heavy price suppression from SHFs, which is algorithmically constraining GME from reaching legitimate price discovery. + +Synthetics, IOUs, dark pool manipulation, short ladder attacks, spoofing, FTDs, and a variety of other means of manipulation are used to prevent the price from surpassing the SHF imposed price ceiling (aka critical margin levels). + +When the time comes for SHFs to close all their short positions, whether it be due to DRS, failed margin calls, etc., or a SHF is being liquidated and the DTCC computers kick in to close all short positions, the shares will need to be bought at whatever price. + +In this case, we're dealing with a perfectly inelastic demand and relatively inelastic supply. The supply is relatively inelastic, as it's being obstinately held (as well as directly registered). + +The following graph illustrates this circumstance: + +[Perfectly inelastic demand meets relatively inelastic supply](https://preview.redd.it/y8he6fso8cc91.png?width=1118&format=png&auto=webp&s=11dcb0d4a9defbb7a91948bd594b6452cb249fd2) + +As you can see, no matter how high the price goes, the demand stays the same, because the shares *must* be bought, regardless of the price. The price ceiling would not only be lifted, but the one's that imposed the price ceiling (SHFs) would be forced to buy back every share at whatever the price, in order to close their short positions \[DTCC would take over closing the positions upon default of a clearing member\]. This scenario is a nightmare for SHFs, though an inevitability, as their price suppression on GME is unsustainable in the long-term. + +Now, let's take a look at an example of a situation where there was relatively inelastic demand and supply. Bitcoin, a cryptocurrency that had originally started as a fraction of a penny grew to a currency worth a solid 5 figures. Bitcoin was not heavily shorted by SHFs, unlike GME. The Chicago Mercantile Exchange didn't even introduce derivative trading on Bitcoin up until it had already hit 5 figures. + +It has an inelastic supply cap at 21 million, millions of which haven't been mined or had been lost. + +FOMO was the sole driver that increased Bitcoin's value by 100,000,000%+. + +In the case of GameStop, not only will FOMO start playing a more visible role once the synthetics get closed, but because SHFs need to close ALL their short positions, this will pose a situation much more destructive than Bitcoin's 100,000,000%+ increase. Bitcoin's increase came from relatively inelastic demand. There were many buying and holding the coin, but it was their choice. In the case of GME, SHFs MUST buy the shares. As such, demand will be *perfectly* inelastic. They have no choice but to buy the shares, because they need to close all their positions. Considering this, as well as the fact that there's at least [200% outstanding GME shares](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/) (something Bitcoin never had, as it was built on blockchain), in addition to the fact that there's countless Apes refusing to sell their shares no matter what, and comparing the GME MOASS to Bitcoin's 100,000,000%+ increase may ultimately be understating the yield of the MOASS. + +The supply of available GME shares for SHFs to close their short positions will be logarithmic. FOMO alone would take GME to the 4-5 figure range (this is confirmed by the SEC Report \[which stated the 100x Jan 2021 run was from FOMO\] as well as IBKR Chair Peterffy last year). When short positions start getting closed, the paper hands' shares will be the easiest for SHFs to obtain, but as SHFs keep buying the shares, the last 50+ or so million will be almost impossible. After all the paper hands are gone, SHFs will be still need to buy ALL the shares, and the final tens of millions will need to be bought from pure-blood diamond handed Apes. If you'd like to get a sample of who are the pure-blood diamond handed Apes, take a look at whose registering their shares. Diamond Handed Apes aren't going through the process of registering their shares for Mickey Mouse numbers. They demand phone number prices. This is why the more time goes on, the higher DRS numbers increase, and the more explosive MOASS will be. + +Diamond Handed Apes are what will take the price of GME from $100,000 straight to the millions during MOASS. After all the paper hands are gone, SHFs will be left with diamond handed Apes, and since they must close ALL their short positions, they have no choice but to purchase shares from diamond handed Apes at whatever the price. And if diamond handed Apes refuse to sell until the price surpasses their accepted floor (for instance, the floor on [gmefloor.com](https://gmefloor.com)), then the DTCC must obtain shares at these prices in order to close out the short positions. + +A GME price in the millions is more than possible, due to the [geometric mean as well as synthetic shares.](https://www.reddit.com/r/Superstonk/comments/t3zp4h/we_are_unstoppable/) + +**§2: Stock Split (In the Form of a Dividend)** + +[According to GameStop's 8K on July 6, 2022](https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm), GameStop announced a 4:1 stock split in the form of a dividend. The 3 additional shares will be distributed "after the close of trading on July 21, 2022". + +I originally discussed in my [Checkmate DD](https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/) how I consider the stock split (in the form of a dividend) to be a catalyst for MOASS. Regardless of what happens, RC's decision to implement a stock split dividend is a very powerful move, and will greatly benefit Apes post-split. + +Firstly, I argued how the stock split dividend would be a catalyst based on the following logic: + +Premise 1: Synthetic shares were created. + +Premise 2: The stock split dividend will need to be given to ALL shares, real or synthetic. + +Premise 3: There exists only enough dividends for the real shares, not synthetics. + +Conclusion: Upon distribution of the stock split (in the form of the dividend) fake shares will be revealed (as there's not enough dividends to satisfy the synthetics). Therefore, someone, whether a broker or SHF, is going to be in big trouble. + +Furthermore, there's a limit to how many synthetics SHFs can create. If SHFs were capable of creating unlimited synthetics, GME would've been cellar boxed years ago. That, and they could've prevented the 100x GME rally leading to January 2021 altogether without needing to shut off the buy button (I also shouldn't have to remind you that removing the buy button created an insane amount of public backlash and chaos, and if unlimited synthetics could've been printed, all that could've been avoided to begin with). Hence, SHFs are not able to create unlimited synthetics. There's a limit to how many synthetics they can create. What that limit is, I don't entirely know. But there *must* be a limit. + +This would make a stock split dividend devastating to them. For example, say they can only create a maximum of 1 million synthetics a week, and now when the stock split (in the form of a dividend) gets announced, they need to come up with hundreds of millions of shares before it gets implemented. It's been about 4 months since it got announced, and now it's about to get implemented. Did they get enough time to come up with enough synthetics? I personally don't think so, but if somehow the stock split dividend does not become a catalyst and nothing happens when implemented, I will assume one of 3 things happened (or a combination of the 3): + +* Brokers gave IOUs instead of the dividends. +* SHFs used some sort of legal loophole around it that I wasn't aware of. +* SHFs came up with a fraction of the necessary synthetics to substitute the dividends and got help from brokers (and other loopholes) to take care of the rest. + +Here's the thing, though...if a broker does replace a dividend with an IOU, they are virtually guaranteeing themselves bankruptcy, so unless they were already anticipating going bankrupt, this would literally be a self-destructive decision. Maybe Robinhood would do it because they were already expecting to go bankrupt during MOASS, but I find it hard to believe that the brokers managing trillions would do it. But if they are found to having done just that, then take that as a sign that the MOASS will be much more nuclear than even I anticipated. + +As I explained in my [Checkmate DD](https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/), even if the stock split dividend isn't a catalyst for MOASS, it *will* subsequently increase demand for GME shares significantly: + +§1 of my Checkmate DD: "Let’s say that, hypothetically, there was some hidden loophole they took advantage of and were somehow able to evade sparking MOASS from the stock split. In that case, as we’d continue to patiently wait for MOASS, we’d find DRS rates to increase post-split. This is primarily because the stock split will increase demand in GME, and as such, increase demand for registered shares. + +The ticker price is a matter of perception. Retail investors are generally more inclined to purchase whole shares rather than fractional shares. Hence, registered shares would also increase post-split, especially the ones under “book”, as you can’t “book” a fractional. + +Simply put, not only will demand increase for GME shares post-split, but also the rate of registered shares. + +Example: You have $200, but the price of GME is $150. You can only purchase 1 share. 75% of your potential purchasing power has been utilized. A 7:1 split is introduced, bringing the price to approx. $21.43 per share. You can purchase 9 shares instead for approx. $192.87. Over 96% of your potential purchasing power has been utilized instead." + +Here’s a graph to better illustrate: + +https://preview.redd.it/mzmohaiu8cc91.png?width=1440&format=png&auto=webp&s=c4904b2afac3169cacfe6ac9537a78009ca58442 + +Furthermore, as the current price gets divided by 4, so does the critical margin level. I'd consider $190 a solid level where SHFs could get margin called. Although the real level is lower, I prefer conservative estimates to be sure. And at $250 I'm virtually certain they'd get margin called. + +Well, at a price of $140, post-split price would be $35, and critical margin levels would be at $48. And I'd put absolutely guaranteed margin call levels at $63. With such low prices, the demand for shares will be significantly stronger, and as such, much harder for SHFs to contain below critical margin levels. Fun times ahead! + +**§3: GameStop's Fundamentals** + +To ascertain GameStop's future fundamental performance, I'll be utilizing the Cobb-Douglas production function. The Cobb-Douglas production function is used to represent the technological relationship between inputs and outputs. It's commonly used in the manufacturing industry, but has also been applied to a variety of companies. In the case for GameStop, this quantitative model can work by substituting the correct inputs. For instance, higher capital should yield higher output/productivity, and with that comes higher profit margins. The ratio of capital to productivity is not one-to-one, as we must take into account diminishing marginal returns, which the Cobb-Douglas production function does an excellent job at taking into account. + +The following slides are my analysis: + +https://preview.redd.it/xnehq0my8cc91.png?width=1359&format=png&auto=webp&s=26caeed3b4016a38a56daeb377c932d3d8ed502d + +https://preview.redd.it/h9fcjnyz8cc91.png?width=1355&format=png&auto=webp&s=c7b266db114c1b9f1b6e1768b55d5c0f350c6ce9 + +https://preview.redd.it/g9ywm0319cc91.png?width=1341&format=png&auto=webp&s=ccf45586883cc1a7f5bbc9fad62643b82c90d5d8 + +Research conducted by the [Harvard Business Review](https://hbr.org/2017/03/great-companies-obsess-over-productivity-not-efficiency) determined the best companies were 40% more productive than the rest, and their profit margins were, on average, 40% higher than industry peers. Simply put, productivity increases are comparable to profit margins increases. + +As for labor rates, I went off [Macrotrends](https://www.macrotrends.net/stocks/charts/GME/gamestop/number-of-employees#:~:text=GameStop%20total%20number%20of%20employees,a%2012.5%25%20decline%20from%202019). Due note: even if labor rates were to decrease, it might not equate to less productivity, as the extra capital that comes from specific labor reductions could be used instead towards larger, more focused projects that could generate even more profit margins. It's not a straightforward evaluation. + +By no means am I expecting the production function to precisely pinpoint the exact productivity increase from GameStop (there is no quantitative model complex enough to take every single variable into account). However, consider this as a general model projecting a significant increase in productivity as time goes on. + +What the production function does not take into account is the NFT Marketplace, which will be playing a significant role in GameStop's fundamentals and profit margin increases going forward. + +I did point out the potential of the NFT Marketplace in §6 of my [2022: Year of the MOASS](https://www.reddit.com/r/Superstonk/comments/uf8pm6/2022_year_of_the_moass_8_reasons_why_soon/) DD, and will be reiterating it here. + +"The NFT Market was valued at $40 billion in 2021, [per Chainalysis Inc. report](https://content.techgig.com/technology-unplugged/nft-market-touched-40-billion-in-2021-new-estimate-shows/articleshow/88773041.cms). + +Considering GameStop’s market cap is valued at $10 billion, there’s a lot of potential revenue GameStop can tap into by entering this market. Not only that, but as time goes on and crypto/NFTs become more globalized, the NFT Market can easily exponentially increase in valuation, similarly to how Bitcoin did when it started getting adopted by institutions internationally as a store of value. + +OpenSea, currently the world’s largest NFT Marketplace, is valued over $13 billion, [according to Sephton at “CoinMarketCap Alexandria”](https://coinmarketcap.com/alexandria/article/opensea-now-has-a-valuation-of-13-3-billion). + +Yet, the OpenSea NFT Marketplace is incommensurable to the soon to be GME NFT Marketplace, due to a variety of reasons: + +1. OpenSea has extremely high gas fees, which deter business/revenue through their services and creates dead weight loss. +2. Weak security protocols. They have tons of vulnerabilities in their code that make them susceptible to attacks/thefts. Many examples in the past of OpenSea users suing the Marketplace for letting their NFTS get stolen by cyber thieves due to their “security vulnerabilities”. +3. GameStop gets nearly 1,000x more organic traffic via search engines than OpenSea does. + +GME succeeds where OpenSea fails, by utilizing its partnerships with Loopring & Immutable X to eliminate high gas fees as well as reinforce security, using Ethereum’s security rather than Polygon’s (etc.). GameStop’s NFT Marketplace will not only supersede, but augment the NFT Market as the dominant NFT Marketplace. + +That being said, GME’s market cap is already $10 billion. Say they get in the NFT Market in the summer and hit a valuation just half that of OpenSea this year. GME would end up with a high enough valuation putting itself past a $200 price. Maintaining a GME price past $200 would obliterate critical margin levels at this point, initiating MOASS. + +In case you haven’t noticed, something very big is gearing up this year, and I don’t think RC bought extremely OTM BBBY calls this year just for the fun of it." + +GameStop has already launched its Beta Stage of its NFT marketplace as of July 11, and so far it has already exceeded expectations: + +https://preview.redd.it/hx60lre39cc91.png?width=607&format=png&auto=webp&s=5d93120ceca3fc3cc49758342b396acc116552f6 + +\[[Link to tweet](https://twitter.com/GMEshortsqueeze/status/1546704254718681088?s=20&t=3TqmD-dZPxqn4x5MhxwQgw)\]. + +Due note that this is all with the marketplace simply in Beta Stage (or in this case, Phase 0): + +https://preview.redd.it/yure9mt59cc91.png?width=1069&format=png&auto=webp&s=e369b339ca1e34ceb3cbad97c39475629b75b4e2 + +This marketplace is most certainly a game changer for GameStop, and so it's not surprising that the opposition is feeling threatened and will try to control growth in the GameStop NFT marketplace. + +In addition to negative MSM campaigns against the GameStop NFT marketplace, you can see that SHF owned companies, like the Motley Fool, have already dominated SEO for NFT Marketplace search results. + +For instance, if you search up "top nft marketplaces", the first thing that'll come up is the Motley Fool suggesting marketplaces. + +https://preview.redd.it/61293oh79cc91.png?width=983&format=png&auto=webp&s=b75d3254376e4f5bd0625282dfb9f9e0bec4f397 + +It's not surprising they'll be trying to control where prospective NFT marketplace customers go when they want to shop for NFTs. And due to their conflict of interests, they'd most likely use their SEO to try to sway people away from the GameStop NFT marketplace. + +Take this as a sign, however, that they genuinely find the GameStop NFT marketplace threatening, and with good reason, as the marketplace has the best chance of dominating the NFT Market and producing exceptional returns, which would undermine the extremely negative MSM sentiment against GME. + +Moreover, in addition to the GameStop NFT marketplace still being in Beta Stage, the potentially insanely large partnerships with blue chip companies have yet to be revealed: + +https://preview.redd.it/7rtn0ck99cc91.png?width=777&format=png&auto=webp&s=77bc30f22c69e31de71c9795a3fe26f47f0372bb + +**§4:GME as a Store of Value** + +To better understand why GME is an excellent store of value, let's start with the quantity theory of money, which demonstrates the relationships between prices and monetary policy. + +Quantity theory of money: MV = PY , where + +M = money supply + +V = velocity of money + +P = price level + +Y = aggregate output (aka real GDP) + +We can rearrange the formula to isolate P & get: P= (MV)/Y, which shows us that (in theory) if GDP falls, the price level should increase (inflation). This doesn't always work in practice, however, as we've seen historically with recessions in the U.S being concurrent with deflationary periods. This is because there's a variety of variables at play. In theory, inflation should happen during a recession, as when output drops, so does supply, and if demand stays the same, should trigger price increases/inflation. Though, a lot of the times consumption decreases during recessions, which ultimately negates that premise. + +In the case of 2022, however, as GDP drops, inflation is also rising, and it's only going to be getting worse, because in this instance, consumption doesn't actually decrease, but increases. We never saw the full effects quantitative easing had on the economy, because a lot of that stimulus money was invested in the market; hence, it never found its way in circulation with the money supply. But as the GDP drops and the stock market tanks, retail investors that didn't invest in the basket stocks, but instead invested in index funds, etc., will pull out that money from the market and most likely end up using it after storing the money for so long. According to a [survey with a 1,500 sample size conducted by Forbes](https://www.forbes.com/sites/zackfriedman/2021/06/27/46-of-people-invested-their-stimulus-checks-in-the-stock-market/?sh=47e3cc4272f0), 46% of stimulus check recipients invested at least some of their stimulus checks. And, according to [The Economist](https://www.economist.com/graphic-detail/2022/05/26/stimulus-cheques-have-buoyed-americas-stockmarket), 10-15% of stimulus money was immediately invested in the stock market upon receiving it. Also, a [significant amount](https://www.commondreams.org/views/2020/04/06/wall-street-wins-again-bailouts-time-coronavirus) of the $9 trillion stimulus injection went to bailing out Wall Street. So, as these overleveraged institutions deleverage, and as the recession continues, the stock market drops, and retail investors continue selling their index funds, most of that money will pour into the current circulating money supply and massively contribute to the ongoing inflation rate increase. + +This is the current inflation rate \[[source](https://www.usinflationcalculator.com/inflation/current-inflation-rates/#:~:text=The%20last%20column%2C%20%E2%80%9CAve%2C,year's%20actual%20rate%20of%20inflation)\]: + +https://preview.redd.it/rxqro7gb9cc91.png?width=533&format=png&auto=webp&s=3736eaf46685cf92ff3dced0e7e54fa859269c34 + +Due note that the current inflation rates are measured by the Consumer Price Index (CPI). Policymakers at the Federal Reserve monitor inflation and use it when determining monetary policy, even though the CPI is inaccurate and most likely being understated. For example, the CPI doesn't take into account consumer spending shifts from assumed rates in the market basket, which they most likely have shifted (as per my previous explanation on investor stimulus checks and the GDP). + +Regardless, even if we go by CPI, at this rate it's detrimental to the value of the dollar. The deterioration of the USD that the Fed has failed to mitigate is only becoming a nightmare on a macroeconomic level. + +https://i.redd.it/bpa2qler9cc91.gif + +What has been the Fed's response? Rate hikes. + +The theory of liquidity preference demonstrates the relationship between supply and demand for real money balances, as well as the interest rates. The quantity of money demanded is dependent on the interest rate. + +[isoquant demonstrating change in money demanded depending on interest rate.](https://preview.redd.it/z4rthged9cc91.png?width=397&format=png&auto=webp&s=69fb1ffd8973f255856cb87d365e386572f01e03) + +Ergo, Fed's open market operations raise interest rates ⇒ quantity of money demanded drops ⇒ inflation becomes less unstable (in theory). Nevertheless, considering the extent of quantitative easing from the Fed in the past years, as well as the current state of the market, extreme measures would have to be taken to lower the high inflation rates. The current rate hikes have not been enough. + +Where does GameStop come into play? + +Unlike the dollar, GME has a cap of about 76 million outstanding shares (about 304 million when adjusted post-split). And considering the fact that GameStop has virtually no debt and a solid $1 billion cash on hand, I see no probability of dilution in the future. + +The Fed printing trillions of dollars is currency dilution, similar to share dilution. + +Hence, if the USD is being actively diluted but GME won't be in the foreseeable future, GME is a safeguard against USD inflation. Yes, there are synthetic GME shares floating around, but they *must* be bought back—for this reason, GME is not only a safe haven asset against inflation, but a generational wealth creating machine, due to the inevitable MOASS upon the closing of synthetics (& ultimately all short positions). + +Another significant reason as to why GME is a safe haven asset is because it's a hedge against a market crash. When overleveraged firms start getting liquidated and the market tanks, a variety of outcomes can take place, but they all lead to the benefit of GME, as opposed to the rest of the market. + +For one, in the event of a market crash, GME would likely first drop in tandem with the market, only to finally take off in the opposite direction once shorts start closing their positions, due to failed margin calls. + +In the event that GME were to drop in tandem with the market crash, but there were somehow no failed margin calls for SHFs (unlikely), GME couldn't drop as hard as the market, lest SHFs let GME enter critical float lock levels. + +The graph below from my DD "[SHFs Can & Will Get Margin Called](https://www.reddit.com/r/Superstonk/comments/vrwfjt/shfs_can_will_get_margin_called/)", illustrates both critical levels that SHFs need to avoid GME from entering: + +https://preview.redd.it/m41mrz5i9cc91.png?width=1440&format=png&auto=webp&s=07a6082d45024e569f6b467ac258b69c1a884851 + +Whether it be the spike in credit default swaps or unprecedented records of margin debt to be the initiating factor in this market crash, the market would have a long way to go before bottoming out. And although the market can create unprecedented troughs, GME can't. There's a hard limit to how much GME can drop. If GME drops to critical float lock levels, the float would get locked within a few months maximum (if not a few weeks). And this is assuming GameStop & RC don't instantly lock the float themselves (or at least expedite it), as a GME price in critical float lock levels would technically be low enough for them to finish the float lock. It would be a catalyst for MOASS either way. + +Regardless of what happens, GME is the biggest safe haven asset during a market crash. The crypto market will crash along with the stock market, as hedge funds have been and are [still](https://www.wsj.com/articles/mainstream-hedge-funds-pour-billions-of-dollars-into-crypto-11646808223) heavily invested in Bitcoin/altcoins. The primary reason the major cryptocurrencies generally move in tandem is because institutions trade them in an etf basket, similar with "meme stocks", but I digress. + +Crypto will not be safe during a market crash, neither will real estate, or commodities. + +GME is not only shielded from inflation, but also a market crash. Regardless of how the stock market crash plays out, every outcome leads to GME being on top, and MOASS inevitably initiating. + +Apes can rest comfortably knowing they are shielded from adverse macroeconomic events. Others, however, may not realize GME is an ark in a sea of red until it's too late. + +https://i.redd.it/w1k24prk9cc91.gif + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Additional Citations: + +Hassani, Ashkan. *Applications of Cobb-Douglas Production Function in Construction Time-Cost Analysis*. University of Nebraska, Dec. 2012, [https://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1012&context=constructiondiss](https://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1012&context=constructiondiss). + +Mankiw NG. [Macroeconomics, 7th Edition](https://jollygreengeneral.typepad.com/files/n.-gregory-mankiw-macroeconomics-7th-edition-2009.pdf). Worth Publishers; 2010. + +“SEC Filing: Gamestop Corp..” *SEC Filing | Gamestop Corp*., SEC, 30 Apr. 2022, [https://gamestop.gcs-web.com/node/19781/html](https://gamestop.gcs-web.com/node/19781/html) + +“SEC Filing: Gamestop Corp..” *SEC Filing | Gamestop Corp*., SEC, 1 May. 2021, [https://news.gamestop.com/static-files/c48c7a03-2683-407c-95d0-](https://news.gamestop.com/static-files/c48c7a03-2683-407c-95d0-83584d1a2b70) + +“SEC Filing: Gamestop Corp..” *SEC Filing | Gamestop Corp*., SEC, 2 May. 2020, [https://news.gamestop.com/node/17986/html](https://news.gamestop.com/node/17986/html). +Because I provided you all with two plays last week that did really well ($CHMA, $BEST) + +I thought I'd provided you with one that I think has the potential to be the best of them all! + +* THIS IS NOT FINANCIAL ADVICE, PLEASE DO YOUR OWN DD BEFORE PURCHASING SHARES OF ANY STOCK * + +# Zosano Pharma Corp. + +# $ZSAN on NASDAQ + +EDIT: I forgot to include analyst Price Target + +&#x200B; + +https://preview.redd.it/ts80mpji0ag61.png?width=2100&format=png&auto=webp&s=790ad9859e77dd92cb2b7bb053dc3d1c87abda21 + +What is ZSAN? + +Zosano Pharma is a clinical-stage biopharmaceutical company enabling the systemic administration of therapeutics and other bioactive molecules to patients using our proprietary intracutaneous microneedle patch system. We have pioneered a novel paradigm for delivering molecules typically administered parenterally, where the inconvenience and pain associated with subcutaneous, intravenous or other complex administrations present barriers to compliance. Our strengths lie in our diverse team of industry veterans with proven drug and device development and significant commercialization experience. + +# Their staple product: + +# Intracutaneous Microneedle System + +https://preview.redd.it/1abki54az9g61.png?width=1200&format=png&auto=webp&s=7a24505aa34c6cbfd9e0c94beb28bbd05ec2607f + +## What is the intracutaneous microneedle system? + +The system is a single-entity combination product, which comprises a reusable applicator and a microneedle array containing patch, for intracutaneous drug delivery allowing rapid absorption into the bloodstream. The microneedle array patch is applied to the skin using a ready to use and reusable handheld applicator. + +Each microneedle array patch is individually packaged and stored at room temperature.  + +&#x200B; + +https://preview.redd.it/8cp3dqfbz9g61.png?width=699&format=png&auto=webp&s=f153983c0a86a21708235e87cbb191d94f50a1ab + +## + +https://preview.redd.it/4of9mx2ez9g61.png?width=699&format=png&auto=webp&s=7c38d57a7d7b7f7cd96a9b39ae5f2ee1b782195e + +## How does it work? + +An array of close to two thousand drug-coated titanium microneedles is mounted on the skin-facing surface of a backing that resembles an adhesive bandage. The length of each individual microneedle is about 3 times the width of a human hair.  + +&#x200B; + +https://preview.redd.it/4r1zrs3fz9g61.png?width=1202&format=png&auto=webp&s=82b68d6f509b02cb63392fd9a1c43ef0c3de1d14 + +When the microneedle patch is applied, the microneedles penetrate the outermost layer of the epidermis (stratum corneum). The shallow depth of penetration limits the likelihood of stimulating sensory nerve endings and causing pain. Interstitial fluid in the skin reconstitutes the drug and makes it available for rapid absorption into the bloodstream. + +&#x200B; + +https://preview.redd.it/jiz7h54gz9g61.png?width=698&format=png&auto=webp&s=d708915bf29789dc5ea4cef6f28061637d176133 + +## What are the advantages of intracutaneous delivery? + +## Rapid Systemic Delivery without the Needle + +There are instances where a drug cannot or should not be administered orally. For example, some drugs have poor oral bioavailability. In other cases, patients may not be able to tolerate an orally administered drug. In addition, intestinal absorption following oral delivery can be slow, delaying the beneficial effects of a drug. + +Intracutaneous delivery allows systemic drug delivery without the use of a hypodermic needle. In clinical studies, less than 10% of patients reported any pain at the application site. Pharmacokinetic analysis demonstrated \~ 3-times faster absorption of zolmitriptan using our system compared with orally administered zolmitriptan. + +&#x200B; + +https://preview.redd.it/5fp5j64hz9g61.png?width=700&format=png&auto=webp&s=aa4c9b827d928a8288fd61d2ebd5f19ecbc24088 + +They're currently using this technology on a soon-to-be FDA approved Migrane treatment. + +But here's the kicker, and why I think this stock has the potential to 10x... + +They recently announced they're looking for a partner to use this amazing technology to help administer the COVID vaccine, at home. + +&#x200B; + +[From their website](https://preview.redd.it/gad7wgvuz9g61.png?width=1604&format=png&auto=webp&s=60ea24b1b866feb2ee5bfe7d11743bb4bbc8114e) + +&#x200B; + +[From their website](https://preview.redd.it/rdr0bycxz9g61.png?width=1783&format=png&auto=webp&s=665af0733d6782f1920ebb7007953acd28ccdf47) + +Overall, I think this stock has major potential to grow, with or without the COVID vaccine. +Hello IndiaInvestments, + +My dad is a farmer, we will make on average around 7-8 lakhs a year( not consistently each year though). This amount is non-taxable. The money so far has been vastly wasted on liabilities, like home, furnishing, etc. + +1.Our family members don't have health insurance of any sort. Our family has a cash reserve of around 12 lakhs. My parents' ages are 55 and 48, and for such ages, the health insurance premiums available in the market, as much as I gathered, are significant compared with our annual income. I have planned to take care of my health insurance by myself. So, I would like to hear your suggestions on managing funds for the healthcare of my parents. + +2.Unfortunately, my dad was deceived into a LIC Jeevan Anand plan and has paid for 3 term premiums so far. He has been paying 1.5 lakhs per year on that policy. I am considering stopping that policy and convert into a paid-up plan. I would like to divert that amount into moderate risk moderate return elements. Ideally, as a total, we will have around 5-6 lakhs per year for us to invest. We won't be needing that money for at least 7-8 years from now. I would like your suggestions on appropriate investment elements and strategies, which will likely provide >14% CAGR or XIRR. + +3.I don't know if I have asked the right questions, so kindly add if there are any critical considerations that I might have left unaddressed. + +As a final note, I have been exploring for few months around with many mutual fund plans, Marcellus investments, Stocks, Sovereign Gold Bond, etc for finding out suitable investment elements for us. But, now I find myself overwhelmed and confused without having any solid decision been made. So, I will very much value your educated opinions and guidance. Hence, I kindly request those who are able, to provide such guidance. + +&#x200B; + +Thank you very much, if you have read this far. Wish everyone to have a colorful and wonderful life. +A recent post [about $10+MM net worth](https://www.reddit.com/r/fatFIRE/comments/kqgr3n/decamillionaires_of_rfatfire_how_has_your_life/) got me thinking, has anybody here gotten to $5-$10MM net worth off boring investing (index funds), high-ish savings rate (40-60%) and 150-300k income? + +I posted a response on that thread but figured this would get more responses, I'm 27, net worth of 400k and earn 150k (180k for 2021). A basic compounding interest calculator says that I'll get to 5MM by 46 and 10MM by 55 if I save 70k a year (2021 projected savings) at 8%. How realistic is this? Anybody have a similar path? + +EDIT: + +wow! Thanks for the silver! I've never gotten one of these before, I guess this means I can fatFIRE now right? +Hi, I’ve been a gambler- I mean… forex trader for 7 years now. I’m an account manager for 2 prop firms, a MQL4/5 developer, and have done some consulting for a couple minor forex education companies. Thought I’d share some insights I wish I knew sooner. With how volatile the economy is and with inflation making it difficult to make ends meet, now more than ever I think forex can benefit the population. Disclaimer: I ain’t the smartest guy. I have no formal education on forex. I’m self taught and there’s plenty of gaps in my knowledge. Take all of this with a grain of salt. + +**Insight #1:** When I was new to forex I traded as many pairs as possible. Learned all the correlations and indexes. I did not want to miss out on any trade opportunities. This resulted in me doing waaaaay more work than necessary. Today I only trade XAUUSD. It’s all I need to turn a profit. I passed the prop firm evaluations only trading gold. Since it’s all I trade, I’m very familiar with it. I highly recommend choosing just 1-2 currency pairs and master them. Specifically, I recommend XAUUSD. Love it. + +**Insight #2:** Stop paying for broad general forex education. I gained more benefit from courses that focused purely on trading strategies rather than explaining what a pip is. + +**Insight #3:** It is very possible to “crack the code.” I HIGHLY recommend learning MQL4/5. This is how I passed my first prop firm test. Even if you make a simple TP/SL bot or a script that sends you a mobile notification when certain market conditions are met, it’ll make trading much easier. I was able to piece by piece convert my strategy into code. And now I honestly feel like I have the easiest job in the world because I have a bot that does the heavy lifting for me. There’s lots of information on the internet about MQL4/5. + +**Insight #4:** Use MT4’s strategy tester and or backtest AT LEAST 2 years of price data before going live. (I backtested 15 years of data before applying to the prop firms). Think you’re onto something? Convert your strategy into code and backtest the last couple years. (Preferably more years than less). You’ll learn really quick whether your strategy works or not. Or maybe it almost works and just needs some refinement. I wish I started doing this sooner. I didn’t start doing this until year 6 of trading. In the last year I’ve done more refinement than I have in all my previous years combined. You’ll quickly find where the markets were most volatile. Those are the best times to backtest to see if your strategy works during those times. From my experience, if your strategy was profitable during the worst months, it’ll be profitable for any month. Don’t pay for MT4 price data, it’s free if you just Google for it. + +**Insight #5:** It’s okay to take breaks. After year 2 I quit for a year. Then came back, quit again for a few more months. I kept trying and failing a lot over a span of a few years. Around year 5 is when things changed for me. After awhile you know what works and more importantly, what does not work. + +**Insight #6:** Don’t quit your day job/find a day job you like. I still coach kids 4 days a week even though financially I don’t need it. Coaching kids was my job before forex. It’s easy to become detached from humanity if all you do is forex. Go outside. Serve your community. Donate your money and time. It’s good for your health. Feel free to disagree with me here, this is just my opinion. + +**Insight #7:** Don’t strategy hop. Find a strategy that works for you and stick to it. I’m guilty of buying a course on a new strategy, backtest ~3 months of it, get super hyped up, pay $1000 for a prop firm and fail because I combined the new strategy with previous strategies. If you want to combine strategies, backtest it first. If strategy 1 is 80% accurate and strategy 2 is 90% accurate, that doesn’t mean together they are 85% accurate. If you combine them it will usually end up being less than 50% accurate. I don’t have a mathematical explanation why, but this has been my experience. It’s kinda hilarious when I think about it. + +**Insight #8:** I’ve yet to find a free indicator that works. MA’s and ADX have practical uses when combined with other variables. I use those two to measure market volatility. But I don’t recommend going through all the free indicators on TradingView. I spent countless hours doing that. If someone develops an indicator that works, it won’t be free. + +**Insight #9:** Even if you use an EA, it still requires technical analysis. Heck, my EA only works cause I’m constantly adjusting its settings based on my technical analysis. So if you use an EA, don’t expect it to be hands free. + +**Insight #10:** Less is more. Back when I traded purely manually without an EA, I had the best results when I only aimed to win 1 trade a day, 3 days a week. Find your threshold for over trading. My threshold was 1 trade. If I lost, I was done for the day. If I won, I was also done for the day. It makes things less stressful. + +If I think of more insights I’ll post them here. If you have any questions feel free to comment. There are no dumb questions. It’s late here in California, I’ll do my best to answer your questions tomorrow when I wake up. Hope this helps! + +Mods, I think I followed all the rules. Please let me know if I need to modify my post. + +Edit 1: I’ll go more in depth on my strategy in the morning. Almost 1am here in Cali, gonna get some rest. +Edit 2: seems like a few of you that said it’s probably a bluff may have been right. Haven’t yet been kicked out. Did also take a lot of the advice regarding mentioning that they shouldn’t kick me out during covid 19. + + + +Edit thank you guys so much. Closed as I most likely will rent a single room. + + + + + +I have around $800 and about $1,250 in assets including a cheap car. Also have a minimum wage job and just graduated high school. + +Really worried about this but I honestly knew it was coming. + +I know I can’t afford an apartment on minimum wage so I’m really just wondering if anyone has any ideas as to where staying the night in my car is actually completely legal? Thought about Walmart however I’m worried about the idea. +Here I am not thinking about developers but landlords who buy property to rent out. Considering that they did not design, build, plumb, or contribute in any other way to the development of the housing, are these people not extracting wealth without creating any? +Has anybody noticed that CNBC always has their "experts" on zoom or phone in saying that the SEC should remove options from retail investors because we don't understand the risk and that we are too dumb to speculate which way the price is going to move. Why all of a sudden do they care?. I'm actually worried that they will take options away from us and that's my bread and butter. Does anybody think this will happen? +Just wanted to say that my best friend had been a CPA/Financial Advisor for 3 years and had been entrusted by his family to invest some savings. The volatile market and stress from his family led him to inflict a fatal shot upon himself in the middle of the street tonight. + +Of course, we can conclude that he had a mental imbalance, depression issues, or a crappy family, but let’s put that aside and say that this market we play can be a stressful environment. + +Please call tel:+18002738255 or speak with a friend if ANYTHING might make you consider taking your own life. If you are a friend of someone who might be at risk, please lend a non-judgemental ear if they need it. +I'm continuing to accumulate ETH at these levels. Why? Because there appears to be a divergence in the level of innovation / adoption that is occurring in Ethereum and the price of ETH. History tells us that such divergence is not sustainable, and that the price eventually catches up with that innovation / adoption. Much of that recent innovation has not yet yielded usable improvement to the Ethereum network, but this is likely to change in late 2018. I don't know when things will "snap back together," but **here are my thoughts on some potential near term "catalysts" that could cause price to catch up with these broader innovation / adoption trends:** + +1) **The release of Casper FFG / Hybrid PoW-PoS.** Remember when ETH went on that run in January, nearly 2x above and beyond the already 2x Thanksgiving pump? It was literally *right* after Casper hit the test net. Correlation does not necessarily equal causation, but I do believe this was a real factor in that rise. Casper FFG is expected to hit main net in late summer / early fall, and people are very excited about it. If it works, it will partially prove that PoS blockchains can work at scale, and deliver decentralization while minimizing energy consumption. It will also introduce Staking, which will turn ETH into an income-generating asset for Validators (5% per year + base asset appreciation)- possibly sparking institutional buying interest. And I believe it could create a big liquidity crunch, driven by those looking to accumulate up to 1500 ETH to be among the first Validators. + +2) **Working and impactful implementations of Plasma and/or State Channels (i.e., L2 scaling).** I'm keeping an eye on projects like Loom which hold great promise for providing super-scalable side chains as a service, but we'll need to see dapp providers actually use it to scale their operations in order for it to affect the price of ETH. Loom has uses for this tech already planned for some games (ERC-721 transactions via Plasma Cash on side chains), but I'd like to see others adopt it as well. Loom is planning to launch this functionality in June. We will also see several other projects hopefully make use of other implementations of Plasma Cash, Minimum Viable Plasma, and State Channels. + +3) **Dapps hitting main net.** Several dapps long being developed have recently gone live, like Maker, Digix, and Golem. Augur will be going live in July, and there may be many other long term projects announcing release dates soon. I believe that there are also many "stealth" use cases waiting to emerge from the EEA. No, not every party participating in EEA is going to deliver value, but with many hundreds of the world's leading organizations participating, there is *no way* that it yields nothing. I suspect some have some use cases ready to go (especially financial orgs), but they are just waiting for scaling of some form; *this is why I believe Catalyst #2 will actually induce #3.* And the codification of the [EEA architecture stack](https://entethalliance.org/enterprise-ethereum-alliance-advances-web-3-0-era-public-release-enterprise-ethereum-architecture-stack/) and other initiatives are steps in the right direction for encouraging main net deployments. + +4) **Tokenization of virtual and real world property onto Ethereum.** CryptoKitties started it with digital cats. Digix did it for gold. Maker's Dai did it for collateralized debt positions via smart contracts to create a stable coin not reliant upon fiat currency for its value. Circle's TrueUSD is now doing it for real USD, powered by smart contracts and verifiably backed by bank deposits. Many others are doing it for small-scale fundraising for real estate / property investments. And soon, we may see real world securities and other types of property / access rights secured on chain. I expect to see more and more virtual and real world property tokenized onto Ethereum. There is no other public chain in existence that is as suitable for this particular (and highly lucrative) use case, requiring maximum security. If you have to purchase this tokenized property via ETH and secure it via the Ethereum network, then this is very likely to boost the price of ETH. I think we'll see a surge of this activity in the latter half of 2018 / early 2019. + +5) **More waves of institutional buying.** ETH will benefit greatly from additional waves of institutional buying across crypto writ large. As the #2 crypto by market cap, with lots of good press and evaluation in recent days (even the Chinese government now says ETH is #1), I suspect many institutions will prioritize investment in ETH over many other tokens. Ethereum is still best positioned to become the super-dominant protocol for smart contract functionality. I believe we'll see at least one more of these waves during 2018, now that custody solutions from entities like Coinbase are coming online. + +6) **Regulatory clarity.** I don't expect much here in the near term, but any clarity in the US would be a massive tailwind for ETH. Personally, I think it is very unlikely that present-day ETH would be labeled a security by the SEC. But even if it were, I think the market would come to terms with it, and the clarity would encourage future development on the platform, cognizant of potential requirements / limitations. If they just labeled the ETH Pre-Sale as a security, then this could be a backhanded way of them saying that present-day ETH is not a security. Beyond the US, I think you will see more and more governments around the world legitimize ETH. Why? Because every smart government realizes that Ethereum could be a critical layer in the future of global finance, and the last thing they want to do is sabotage their country's ability to be a part of that coming revolution. + +**Longer term,** I'm keeping an eye on affordable privacy features (zk-SNARKS / STARKS; needed for enterprise adoption), Sharding (from initial to full implementation), full-PoS (Casper CBC), and truly mainstream "killer dapp" usage to be big drivers for future ETH price gains. + +We are a long, long way from the ETH story being over...we are maybe at the start of the second chapter of at least a five chapter story for ETH adoption. **The ETH of today is dramatically different from the ETH that is expected in 2+ years.** ETH is going to morph from utility token into staking token into maybe a store of value / de facto internet currency. + +Yes, competition is coming, but I don't think it will be particularly relevant in the near term. No other platform comes close to matching Ethereum's developer network effect. I will be keeping an eye on those competitors, but I don't expect any credible challengers to unseating Ethereum as the #1 smart contract chain over the next 12 months. + +If you're an investor, be smart and keep playing the long game. +There’s a lot of people reaching out to GameStop customer support just to get a reaction from them. GameStop customer support should solely be used for inquires for legitimate concerns regarding an order or question. + +I know it’s fun to see what they’ll reply back, but cmon guys let them work on stuff that’s relevant to what they’re doing. +Parents bought an insurance from reliance nippon life insurance 10 years ago. + +Now as of today as per their customer care, they don't have our address, mobile number, email or any other information in their "system" and hasn't paid the maturity amount for the policy which has matured weeks ago. + +Just sharing my experience and grieving for losing hard-earned money of my parents', just because someone got greedy. + +Please protect your money from this insurance company. + +Thanks + +Edit: Took up the matter with higher ups of the company. Awaiting response. Will surely update here the outcome. Thank you all for your support/advices. Great community! +Santa Shiba - Giving away gifts like never before on BSC! + +Launching 12th November 6pm UTC! + +AUTO GIFTS - BUSD and BNB reflections - Huge 6.5% BUSD reflections on each transaction. More Christmas reflection surprises coming soon. Amazing AUTO Rewards! For the first time ever, you don’t need to claim your earned rewards. It’s automatically sent to your wallet + +$220K in BUSD reflections sent to holders in 24 hours . + +Just hold Santa Shib, and be eligible to earn BUSD and potentially BNB reflections + +ANTI-GRINCH - Protection against whales. 0.25% max sell and 2% max holding + +ANTI-BOT - Anti Bots at launch + +EXCLUSIVE NFTs - Exclusive Santa Shia NFTs + +NFT Game - Fight the Grinch! + +AUTO BURN - 2% of every buy/sell Auto burnt from the circulation and this makes SantaShib it Hyper deflationary + +AUTO LIQUIDITY - 2% of every transaction is transformed into liquidity for Pancakeswap. It's automatic and helps create a price floor (stability). + +2% AUTO HYPE - every transaction is allocated to Marketing in Cake(swapped to Cakein real time to avoid dumps). So we can fuel the most ambitious projects and reward our active community. + +⚙️ TOKENOMICS + +💵12.5% Tax on every transaction + +—————————————— + +🍰 6.5% BUSD Rewards + +📰 2% to Marketing + +🔥 2% to Liquidity + +👑 Hold , earn + +🎲 Launch at 6pm UTC on 12th Nov + +Telegram - https://t.me/santashibtoken + +Contract: 0x74c609b16512869b1873f5a9d7999deee386e740 + +🟢 Website: https://www.santashiba.io/ + +🟢 Twitter: https://twitter.com/santashibatoken + +🟢 TG: https://t.me/santashibtoken + +This is just the start and you have been lucky enough to read this! Join the community early, and make sure to not miss on this gem! + +Join the communities now, we are so early on this project grab a bag and enjoy this GEM +Hoping to FIRE at some point and plan on investing in some real within the next 5 years once I get enough capital (possibly a duplex). + +Just curious, those who live off your rental properties, what is your portfolio like? How many buildings do you have? Units? And is the cost of living in your area high. + +I appreciate any insight. Thanks! +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'm just really proud, and had to share with people who would understand. I'm a single mom, I've had to do Toys for Tots a couple years running. But I'm pretty stable right now. I applied for jobs I didn't actually qualify for on the theory that if I landed an interview, I might convince someone I was worth training. And no one was more shocked than me when my plan actually worked. They gave me a year to get some certifications, and I did it, and with the certs, came raises. I got the stimulus money for the kids and was able to get ahead on bills and put some away for an emergency fund. I'm...stable. My bills are paid with my paycheck and I decided to shop for Christmas presents early so I don't have to stress in December, and I could. I didn't have to dip into my emergency fund for it, I used some of the monthly child tax credit that's happening right now, and I have Christmas presents hidden away in the closet. I was able to buy Legos, not the off brand duplos from the dollar general, but an actual Lego spaceship for my oldest. Is this what financial stability feels like??? +I'm quite pleased with how the bot works not gonna lie, and it was exciting to put it together! + +# What it is: + +It's essentially a Python algo that, in a nutshell does two things: It analyses the Reddit posts sentiment and places trades on Binance when the average sentiment for a certain coin is positive. + +It's a configurable script where you can choose which subreddits to scan, along with more customisation options that I will cover in the How To part. + +I also implemented a test mode for paper-trading so that I can test out how efficient this strategy actually is. To get an understanding into how it works technically, I will refer to some config files that I created in the repo. I have linked to the GitHub repo at the end of the post. + +# How it woks: + +The idea was to capture and capitalise on Reddit sentiment. Measuring this with paper trading is the first step. From there on, I can optimise the parameters of the tool. + +I used the praw python library in order to connect to the Reddit API and pull posts. The code will then look for keywords in the posts' body and title, matching the ones in a config file ( I will share this further down). + +For each post with a matching keyword, we will analyse the sentiment using the SIA analyser from the nltk library and calculate an average between all posts with the same keyword. + +If this is found to be positive, it makes a call to the Binance API and places a trade. + +You can adjust which subreddits it analyses, how many posts/ subreddit are being analysed, how to sort each post as well as the size of each trade and the pairing for each coin. + +**Keywords:** + +It would be a bad idea to let it to just buy anything that makes hot/top on Reddit. That's why I created a keywords file - the bot will only buy coins matching these keywords. You can customise this ofc. + +All orders are stored in a local file. + +The bot will also stop from buying or analysing posts while the same posts are in top/hot, to avoid re-buying on the same signal. + +&#x200B; + +**Running the bot:** + +In order to run the bot you need to create your own reddit app (it's really simple) [https://ssl.reddit.com/prefs/apps/](https://ssl.reddit.com/prefs/apps/) and store your credentials the auth file. + +Lastly, you execute the script using the main file in the repo. + +Here's the GitHub repo for the project: + +[https://github.com/CyberPunkMetalHead/reddit-cryptocurrency-trading](https://github.com/CyberPunkMetalHead/reddit-cryptocurrency-trading) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +Edit: For the record, I think Amazon needs to be boycotted before they eclipse the US Government /$ + +> The MGM deal is Amazon’s second largest in its history, after its $13.7 billion acquisition of Whole Foods in 2017. Whole Foods in 2017 reported around $16 billion in revenue in 2017, the same year MGM reported $1.3 billion in revenue. Those numbers, along with the fact that analysts valued MGM at $5.5 billion in December 2020, shows just how valuable the studio’s assets are for Amazon’s plan to touch nearly every part of its customers’ lives through Prime. CEO Jeff Bezos said in April that 175 million customers have used Prime Video in the last year. Those numbers would put Amazon within spitting distance of Netflix’s nearly 208 million subscribers. + +[Article](https://www.indiewire.com/2021/05/amazon-buys-mgm-1234639843/) +I posted this over in the ETH sub but I was censored. Hours later it still doesn't show up when I search by "new", and the mods ignored my private message asking why. I think they are absolutely terrified of this possibility and that is the reason. This question has been posted before, but the last discussion about it was over a year ago and I think it needs to be taken more seriously, as no clear answer has ever been given and no conclusions have been reached. + +What would happen if someone uploaded illegal content to the ETH blockchain such as child pornography? Wouldn't every single ETH miner and individual with a copy of the ETH blockchain thus be committing a felony? Would this be an effective way for someone to destroy/criminalize Ethereum? + +I am under the impression that deleting things from the ETH blockchain would undermine its mission, has never been done, and is not currently possible without the majority of the miners agreeing to do so. How would the ETH community handle this, what would happen next? + +The ETH creator's only response to this is that it would be too expensive to upload image files (UNTRUE, see my edit below), but for someone who just wanted to harm the ETH project I'm sure they would be willing to pay any price. This is no excuse for not having a plan. Somebody somewhere is going to do this, it's just a matter of time. + + +The laws about this are extremely clear: "Undeveloped film, undeveloped videotape, and **electronically stored data that can be converted into a visual image of child pornography are also deemed illegal** visual depictions under federal law." + + +EDIT: Just did some quick math and it costs about $250 to store 45 KB on the ETH blockchain. This is way more than enough for a clear image or even several images. What the ETH creator said about doing this being prohibitively expensive is total bullshit. It's not a practical way to save your photos but there are countless black hats who just enjoy ruining things for everybody else, and $250 to throw a wrench in the ETH project would be a very small price for them. + +This image is 11.5 KB and would cost $65 to store on the ETH blockchain: https://i.pinimg.com/originals/0c/56/2b/0c562b3a3cbf007072b45d35532d7250.jpg + +Hey guys! I hope you all are well! I'm looking for a bit of fiscal advice . I just came into almost 2 million dollars from a legal battle and I was wondering if anyone had any advice about what to do next. All of my taxes, debts, car(s), legal fees and home are all paid for at this point but I would like to begin "putting the money to work for me" asap. Are financial advisers worth it? What isxa good banking institution for for the nouveau riche? Any suggestions on stock or investment tips? Thanks guys! +Let's start with Pabrai. His PIF4 fund in the last 14 years has underperformed S&P by 300% cumulatively. That's not a typo. + +Look at Ruane, cuniff (Sequoia fund), huge underperformance + +Same with Bill Miller, Einhorn (last several years) etc. Klarman, Guy Spier are even worse. + +Even Buffett underperformed in last 5,10 years to S&P. + +&#x200B; + +There is so much fascination on the CAGR since inception. If you do a gamble on couple of accounts and return 50-70% in first 1-2 years, and then severely underperform S&P over the next 10-15 years, th e returns since inception will show over performing S&P. In reality, you've done worse for almost 99% of your LP. This is what Pabrai & others do. + +A big con game. +So, shares nose diving. Easyjet down 15% on opening... This fees like a buy the dip moment + +Any recommendations? + +Lots of people suggesting RR for the long term +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +Discussed during today's dev meeting. Vitalik was in favor of hardcap, Nick Johnson was against, other devs did not give input on preference. Devs agreed that the community does show broad support of hardcap, so 120m cap will likely be added to next hardfork update. Vitalik mentioned wanting to hear more feedback before making a final decision. + +Link to dev meeting discussion of the hardcap: + +https://youtu.be/SoPfoNpqG0k?t=3605 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +What is it about Austin that makes it stand out and made it become so popular in what seems like overnight? 10 years ago, everyone was moving to Williamsburg. Now everyone's buzzing about Austin. What gives? Where did the trend in the culture come from and is the trend justified (i.e. Does Austin offer something better than anywhere else in the country? What is it?) or is it just clever real estate marketing? Were there any investors who saw the potential in Austin before it blew up, and if so, what did the early indicators look like? How can that be observed in other markets around the country (Nashville and Atlanta seem to have similar Renaissances of their own)? + +EDIT: I noticed I'm being downvoted. Can y'all point me to the right sub to talk about this? + +2nd EDIT: I was getting downvoted earlier. Thanks for the responses. +Some private schools costs about $30k a year! You are meant to get a "better" education at these. + +But imagine if just put $30k a year for 12 years into your child's Super. Even if they don't contribute themselves and just let that balance grow for 42 years (start at 18 and finish at 60), the balance would grow to about $2.75m assuming a 4% real growth rate (i.e. discounted by inflation). + +That's a decent sum, which means your kid need not think about saving at all and just have to get a job supporting themselves until 60. + +This gives the child peace of mind and the ability to choose something they would love to do instead of being forced to take a job they may not like. + +This seems to be a superior alternative to me. +If this isn't the right sub I apologize, I'm just not sure where else poor or formerly poor people congregate on reddit (if you have suggestions please share them!) + +I grew up ridiculously poor in the US. Not like "I didn't have enough but everything I needed" poor but like I never had anything. Chronic homelessness, lack of medical care, food insecure, etc with parents who have substantial substance use disorder so also always in dangerous and sketchy situations. What little we had went to my parent's addictions, not living. + +I talked my way into a very good graduate school and emptied my bank account to move. Spent more time than I care to admit living in my car in the school parking lot and working 3 jobs to get through. I discovered a kind of applied research that I'm good at and enjoy. It has a lot of real world applications and people in my field work in policy, academia, government, even museums. I got my training through an internship at a charitable foundation with a 10 million dollar a year gifting fund (total culture shock working there. My car wasn't nice enough to park in front of the building because they didn't want clients and other donors to see it.) + +Part of why I was drawn to this industry is because I've always wanted to do something that helped other people living in poverty. Seeing all the places this work is put to use I knew it was the thing. I got training in using this research method for diversity, equity, and inclusion work but no where in the guidelines does it address class. Since I started in this field in 2017 I've wanted to start a conversation on how we think about, or don't, poor people. I've been shut down a lot. + +Now I'm an academic researcher and need to do work that makes a name for myself to get promoted and get my contract renewed. I'm wondering back to this idea. I've always been interested in poverty studies and specifically the idea that there is poor as in no money and then there are behavior traits many people raised in poverty share and even when circumstances change those behaviors or thoughts don't. + +I know for me I still struggle with things left over from being poor. All through college when I expressed feeling like I didn't belong there I would get handed articles on imposter syndrome which, no. I knew I belonged intellectually. I didn't feel like people like me belonged at places like that with people like them. Similarly, around 15 years ago my dad became independently wealthy through luck. He isn't a millionaire but he has no idea how much food or gas costs because he doesn't look. He doesn't have to think about money and yet still lives like a broke deadbeat. Doesn't own a house or a car that doesn't breakdown. Has a shit credit score. Still goes broke and just waits for the next check to hit the mailbox. His rental house is a dirty dump. That is the kind of stuff I want to talk and research about. How being poor effects you even if you now have money or are stable. I still live everyday like I'll lose everything. + +Back in the 60s some researchers tried to look at these behaviors and beliefs and how they are intergenerational. That work has now turned into some of the most hated and detested academic theories maybe ever. I've heard my whole career it's wrong to even entertain them because they are racist and blame the poor for being poor. It's dangerous and disgusting to think that way. Recently I finally decided to go back and read the actual original work and I found it none of those things. It's actually anti racist because it says this isn't a black issue or a Hispanic issue, it's a class issue. The things the original research described were so true to my experience, my family, my husband's family, and everyone else I know on the bottom rung of society. + +So I find myself frustrated that a bunch of scientists who have never been poor decided this is wrong. And a bunch of teachers my whole life have told me my lived experience is wrong. And I'm frustrated I can't research this without being called a racist who hates poor people when all I want is to do is get other upper class scientists who sit around and inform policy and give away millions of dollars to know that its not always just a lack of money, that being poor gets into your soul. Yes, pay people more and get people out of the fucking hole of poverty, but don't then expect them to all of a sudden act middle class and be fine. + +If you read this far thanks for listening haha! +UWMC engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. The company was founded in 1986 and is headquartered in Pontiac, Michigan. They have been successful for many decades under the leadership of their current CEO, Mat Ishbia, who has opted to take the company public through a SPAC earlier this year. + +The company has been setting record-breaking revenues and net income these last several quarters (mostly due to the refi/housing boom) and will begin to pay out a **$.40 dividend/per share, which comes out to a 5.33% yield at current prices ($7.51/share).** Admittedly, the stock price has been taking a pounding after it changed tickers (fmr. GHIV) and lost its $10 NAV floor, which presents an incredibly lucrative buying opportunity. + +# This Stock Will Become A Dividend King Due To Its Endless Free Cash Flow. + +In Q4 of 2020, the company posted $1.37 billion in profit, which comes out to a total of $3.38 billion in profits for 2020. Some buyers may be cautious of mortgage companies due to their cyclical business cycle, however, with home prices and commodities soaring and the supply of homes constantly decreasing, this crazy housing market will be here to stay for a while. The current market cap of UWMC is only $12.2 Billion, meaning **it trades at a PE of just over x6.5 profit, a laughably low multiple.** r/dividend darling AT&T (T) trades at a multiple of just over 10, and they are saddled with poisonous debts + low growth projections + massive competition. The only real competition for UWM would be Rocket Mortage (RKT), and they have no dividend nor are they seen in the same positive light in the real estate industry as UWM (which receives constant praise and are usually the first choice by brokers). + +The biggest separator between RKT and UWM would be the guidance both companies have issued after their earnings. RKT has lowered its growth projections for next year claiming that the industry is cooling off. On UWM's side, however, they have guided for even **HIGHER** revenues and net income for 2021 despite a potential slowdown in market conditions, because they are just that confident in their product and ability to gain customers. + +&#x200B; + +I welcome all skepticism below and any alternative suggestions to UWMC. + +Positions: 4000 shares of UWMC + +EDIT: UWM has also announced they are committing $300m in share buybacks over the next 24 months. Even management knows the stock is too cheap 😂 +For me, it was when I moved into my office. I slept in the storage room. I had migraines, so I would work for about 2 hours, then nap, then work again. This went on for months. I still wonder what the employees were thinking lol. +Charlie munger famously said “All I want to know is where I am going to die so I’ll never go there.” + +So what in your opinion are the worst things one can buy right now? This can include anything (individual equities, ETF’s, foreign markets, precious metals, bonds, real estate). + +My top picks would: +- electric vehicle companies (Ie. Tesla, Rivian, Lucid) +- ARKK ETF (despite it being down) +- bonds (pretty much across the board due to negative real rates) + +What are yours? +I realize this is a tall order but I've always felt like a fraud being so deeply into politics and social justice without really understanding how the economy works from a small town to the global stage; the back room deals, the politics, the diplomats, the bankers etc. You advice would be greatly appreciated. +Hey, high school econ student here. And this question is not meant to be much of an opinion topic (which is why I worded it the way that I did). I've been really into politics for a while and the minimum wage is a big question among both parties and whether or not it should be changed or abolished. I have mostly been a fan of the push for a $15 minimum wage, but I have to admit this has come from research and conclusions not drawn by economists. + +There are a few arguments that I have heard if from both sides, where the left says it is necessary to raise the base wage to a livable one, as wages have not kept up with inflation and more people live paycheck to paycheck, and the right says that raising the wage would only lead to an increase in prices along with layoffs and decrease in production. I have tried to use my knowledge from class to understand better, and have talked to and read on some experts, but I want to see how the aggregate of the econ world feels about this. + +I'm not asking for a personal opinion (as I think that is against the rules), but I would like to learn more and read up on some acclaimed research on the topic, specifically how an economist would evaluate both the arguments from the right and the left. +I am a confused first year science student. I am planning on changing to the arts, specific either economics, political science or philosophy. + +I am very passionate about economics (as I’ll read “dry”, 30 Page research papers for fun), but I am, shall we say, not performing particularly well in my math courses. I don’t hate math, but I do struggle with it. I also just can’t seem to do well on the exams. + +Will this be a barrier that should inform my options? + +Careers I’m interested in are in public policy/policy analysis. This usually requires either economics or political science (or related field). Not interested in finance or other economics analysis. Only the political side of economics. +*EDIT: // I did not expect this post to get so many comments and upvotes (and downvotes). Thank you everyone for your kindness and jokes. I.. did not expect to have such a shared experience with people all over the WORLD, not just the US, let alone the state! This may actually be my last life “milestone” so kind support is appreciated :) good luck!* + + +This is in stream of consciousness format because this is what it’s like IMO (a hot mess), so I pre-apologize for any discomfort. + +QUiCK! There are 14 other offers!!! Quick! It’s due in 20 minutes!!!! You’re only offering 10% over?? That’s it??? Can you at least pay in all cash?!!? Oh, you haven’t had kids yet because you can’t afford them??? Can you offer your first born son????Waive appraisal?? As is, right???? A meteor just hit it but can you still put an offer? It’s next to a building site for a solid waste landfill, but it should still be worth 400k++!!!!! No Contingencies ?? *10 failed offers and heartbreaks later* +YEAH, they accepted your offer BUT only if you can close in 21 days!!! And waive the appraisal!!! HURRY Sign it!! Read it!! Oops their agent just called! They got another offer!! You have 15 minutes to sign!! Agent just called again’ hurry!!! Hurry! Oh you’re pooping on the toilet?? Can you at least DocuSign while on it??? Quick!! You want to actually READ it??? Line by line??! Time is of the essence. OK you signed!! Ok, we gotta get an inspector in the next 4 days, get the escrow in the next 4 days!! Lending approval in 7!! Call the lender now!! Hurry!! Partial appraisal!! Add the termite to inspection and sprinklers.!! Quick!!! Hurry! Fhdoaickalxjdkksgjfjfjdjeksjfjfjrjdsijcksdk +Hello, thank you for taking the time read this. In July this year I started a lawn mowing business, and spent down to pretty much my last dollar to get started. I now have a new worth of $5000 (would be higher but I got sick for about a month in July/August). I am predicted to make 16k - 20k ($3000 per month in the summer, $1200 per month during school (Ido leaf clean up and other things after mowing season) this next year. I am wonder how to make the most of this money. My dream is to be a big business entrepreneur, I definitely don’t want to be in lawn care for the rest of my life. While I have opened an investing account and am scaling up my operation I don’t know what to-do with my spare cash (I want to turn into more money rather than spend it). I would really appreciate suggestion on what to do with this money. Thanks. +I can’t find direct details on jnj’s business line segment breakdowns- but this has to effect pharmaceutical sales, right? Coupled with the fine.. Purdue pharma, Teva & others were mentioned as well. This isn’t short worthy news imo because this outcome could have already been priced in, but I’m second guessing getting into jnj as a long term value buy. + + + https://www.cnbc.com/2021/06/26/jj-agrees-to-stop-selling-opioids-in-230-million-settlement-with-new-york.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +I’m in my mid-30’s and I just sold my business. I received $11.5 million post-tax. Here’s my plan. Please critique. + +I have a multi-year employment agreement with the buying company so I won’t need any cash flow from my investments for a few years, at least. + +At the end of my working commitment, my goal is to have $250k/year to enjoy life and another $250k/year to invest back in my personal balance sheet. + +1 - I’m going to use $500k to buy a new house +2 - I’m going to set aside $1 million for future business endeavors +3 - Invest $5 million in an 80/20 stock/bond ETF portfolio. I’m leaning towards a robo advisor with tax loss harvesting. + +I’d like to invest the remaining $5 million in rental property, as I have some experience in the space, but I don’t want to take an active role in the investments. + +I’m looking at trying to invest in 10-20 deals as an equity partner. Anyone have experience in real estate private equity? + +I’ll share my journey here over the next few years! + +(This is my first reddit post ever, I look forward to a lot more!) +I just have this little rant as people are so quick to jump on crypto with all the FUD even though it’s a insanely smart and useful technology that will 100% be a part of our future and probably for the better of the world. But the media is jumping around giddy reporting on billionaires in space. People should get their priorities straight and stop being hypocrites. + +EDIT: should have put an /s in there somewhere cause of course I know the ocean being on fire has nothing to do with crypto mining. + +EDIT 2: So many interesting takes in this thread and thanks for the awards. I am by no means an expert on rockets or energy usage of crypto, there are great comments describing these in detail. I know I was being extreme in the title and bringing up energy so please go ahead and roast me for my ignorance. Grateful for the discussion here as the energy usage of mining should be of course a concern to all. I love space and science and I love crypto. I didn’t even think about the whatabout-ism when writing this post but I agree taking two separate subjects and trying to justify something isn’t an argument and that wasn’t my intention. Space is cool, Crypto is cool, let’s save the Earth, come up with technologies we never dreamed of before, and also have common sense and be kind to each other in the process. Have a nice day everyone. +John Oliver just pushed out his [latest episode](https://youtu.be/R652nwUcJRA) - this one focusing on the crisis of rising eviction rates in the Unites States in the midst of a pandemic. + +Slight trigger warning - the episode does not look upon nor portray landlords in the most positive light. + +Regardless, the episode is still interesting in so much as watching fascinating PR moves made by a few individual landlords highlighted in the episode. +I decided to do a write up on a NFT Game that I have been keeping an eye on the the past weeks. + +in my opinion it has great potential and is not similar to any project I've seen so far which makes me bullish because innovation in DeFi is Huge. + +Block duelers is the first decentralized project to create true utility for NFTs by utilizing an ever-evolving dueling platform, with an integrated wager system to bet on the outcome of live duels! The battle platform attaches custom fighting stats to your favorite NFTs. As you fight and win duels, the stats of your duelers go up and game changing upgrades become available! + +Block duelers is inspired by Yu-Gioh, Pokemon and Magic The Gathering (Strategy Games) + +BDT will give your NFTS the ability to counter heals/spells and attacks With much more features similar to strategic card games. but this will be the first one on within the blockchain. + +Personally my favorite part about the project is the incentive to use your NFTs in a fun strategic way, instead of just having NFTs that can only be seen on Opensea Rarible etc , I can use the NFT to duel players and my NFTs will have stats. you can read more of how the dueling system works on their site its amazing. + +They are releasing their dueling platform (The actual product) on April 1st so a few days away. Which could mean the price will go up from here since we are very close. + +What's the incentive to holding BDT? + +You need to hold BTD to play the game (Duel) + +You can to Stake BDT and receive DC (A governance Token that can also be used to purchase NFT loot boxes. + +You can also compound your DC with your BTD to farm faster. + +In the future you'll be able to use DC to enter tournaments and much more. + +Tokenomics - + +They recently had their first burn which was huge , there is only 15,000 of these token in public supply right now. The rest are for Team/marketing/staking rewards. + +\-24 000 Total Supply + +\-15 000 Public supply + +\-5000 Marketing + +\-5000 Team + +&#x200B; + +The BDT NFT art will be designed by talented known artists. + +Currently Johnny Gonzo is one of them. They will keep adding new artist to make sure the art is innovative and diversified. + +&#x200B; + +\-I checked the wallets before doing this write up for my own sake, and the top holders are surprisingly not big at all which is good for avoiding price manipulation. + +The team is Doxxed (LinkedIn) and Active on all socials. + +After all the research and information I've found this project seems like winner it has all the green flags, as long as the team keeps their word and keeps up the innovations and progress i see this being big. there is currently no competition which is HUGE. + +&#x200B; + +hope you guys enjoyed my 2 cents on the project and can give some feedback in the comments of your thoughts on the project or my write up. + +I will provide a list of links to check out more information about this project below. + +Twitter: [https://twitter.com/BlockDuelers](https://twitter.com/BlockDuelers) + +Website: [https://www.blockduelers.io/home](https://www.blockduelers.io/home) + +Locked Liquidity: [https://etherscan.io/tx/0xb2f362a0e4b7ab6c3695bc0ee126cdf1656f49de264f6737bfdbd88ba2109f56](https://etherscan.io/tx/0xb2f362a0e4b7ab6c3695bc0ee126cdf1656f49de264f6737bfdbd88ba2109f56) + +Holders: [https://etherscan.io/token/0x7bce667ef12023dc5f8577d015a2f09d99a5ef58#balances](https://etherscan.io/token/0x7bce667ef12023dc5f8577d015a2f09d99a5ef58#balances) + +Medium: [https://blockduelers.medium.com/](https://blockduelers.medium.com/) + +Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x2e8b685abe0af1e05949c22227164dc58c133e68](https://www.dextools.io/app/uniswap/pair-explorer/0x2e8b685abe0af1e05949c22227164dc58c133e68) + +They also have a telegram but I believe its against the rules to post it here but its very easy to find if you wanted to ask the team personally about question you may have. + +In Case you're still wondering what an NFT is I've made a simple write up below. + + NFTs are an exciting new technology that brings verifiable digital scarcity, as well as digital ownership and the possibility of asset interoperability, across multiple platforms. Crypto collectibles were the first use case of NFTs related to gaming, trading card games in particular. A great example is a game called Crypto Kitties. This game utilized NFTs as collectible animated pets. This has quickly expanded to other formats and will continue to do so as the popularity of this technology increases. +Greetings apes. Hope everyone is well. Not going to waste too much time, so I'm just going to get straight into it. + +&#x200B; + +https://i.redd.it/xl7lrwpnuux81.gif + +&#x200B; + +I have been hearing a lot of talk brewing about an Executive Order and how it can affect GME. This actually has my tits considerably jacked because I've been researching this topic for a while now, so it's promising to see more people are becoming aware of what is to come. Much of what I am about to talk about is pertaining to geopolitics, so I won't go deeply in depth, but you'll get the gist. + +So what the hell am I talking about?.... + +**EXECUTIVE ORDER 14032** + +https://i.redd.it/ky3nfd1quux81.gif + +Well, what is Executive Order 14032? + +In simplest terms, it's an executive order signed by Biden (Originally by Trump in Nov 2020, back then it was Executive Order 13959) that prohibits US entities from investing in military and surveillance related Chinese companies that support the Chinese military. + +That's nice, but what's the big deal, Owt? + +Well, funnily enough, many US asset managers like BlackRock, Vanguard, JP Morgan, and many others have SERIOUS exposure to the Chinese companies that are included in the EO. Those Chinese assets are being used as collateral by these US asset managers. in other words, once their billions of dollars in Chinese assets and collateral become worthless, an old friend of mine named Margy will be making a surprise appearance, and she will want her money. + +&#x200B; + +https://preview.redd.it/hdeix1tuuux81.png?width=1140&format=png&auto=webp&s=dd03dc64f5e13ab5027b3ef2dd2721932629ebf0 + +&#x200B; + +I get it Owt, MM's and other asset management entities are going to lose a lot of money in collateral, but how exactly does that affect GME? + +Well, lets look back at November 2020. + +https://i.redd.it/c3nv5sbwuux81.gif + +&#x200B; + +In November 2020, Trump signed the original EO titled: + +Executive Order 13959 Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies + +This EO basically did what the new amended EO 14032 does, however, at the time that it was implemented, there were far less companies on the sanctioned list. + +[https:\/\/home.treasury.gov\/system\/files\/126\/chinese\_military\_gl1.pdf](https://preview.redd.it/keweijgyuux81.png?width=2880&format=png&auto=webp&s=9b40ec9a30b0b4b710c6e680c52c886c792913e4) + +However, what's important to note is the date. The EO was to take effect on January 28, 2021. + +What the hell happened on or around January 28, Owt? + +Well..... + +&#x200B; + +[GME ATH $483](https://preview.redd.it/vagsw130vux81.png?width=2782&format=png&auto=webp&s=f9533bea155e6b1f4c106fed0617baf6e670730e) + +&#x200B; + +&#x200B; + +[ATER ATH $48](https://preview.redd.it/32uzym31vux81.png?width=2880&format=png&auto=webp&s=7fe7f230639e35863d9a40309ff7d952ac871eed) + +&#x200B; + +[AMC $20](https://preview.redd.it/c2r14a22vux81.png?width=2880&format=png&auto=webp&s=1c96d24f99c9b976c0e16d72585a875680da3599) + +In short, meme stocks ran HARD. However, they plummeted a few days later. + +How come? + +Well, Biden extended the EO and gave the fucks more time to gather themselves from getting obliterated (RIP Melvin Capital). + +Biden ended up extending the EO a few days later to May 27th, 2021. + +&#x200B; + +[https:\/\/home.treasury.gov\/system\/files\/126\/ccmc\_gl1a\_01272021\_1.pdf](https://preview.redd.it/074nisg3vux81.png?width=2880&format=png&auto=webp&s=ae94d45d4bae63e4ef19ef0c4888076fa1249a75) + +Pretty nice of him right? So What happened when May 27th came around? + +lol.... + +&#x200B; + +[GME $344](https://preview.redd.it/1m1enpm4vux81.png?width=2880&format=png&auto=webp&s=926a7051b353da64c3bbd7a51063f7d067dfe76a) + +&#x200B; + +[ATER $21](https://preview.redd.it/2ohc32j5vux81.png?width=2880&format=png&auto=webp&s=ecde207352068b0881b4ad9de09aa1fede15e861) + +&#x200B; + +[AMC ATH $72](https://preview.redd.it/b55rumr6vux81.png?width=2880&format=png&auto=webp&s=83ae755f65e581c7e50edcd85506d7f24b416ab0) + +Memes did what memes do when marge calls. However, Biden once again EXTENDED the EO a few days later. + +Now look, coincidences happen, I won't deny that. However, for some reason, these sanctions love forcing meme stock runs and fucking shorts. + +&#x200B; + +[GME apes vs Shorts](https://i.redd.it/7vz3q6t7vux81.gif) + +Now, what's next? + +As I stated above, we now have EO 14032 coming up. + +When?... + +# June 3rd, 2022 baby + +[https:\/\/home.treasury.gov\/system\/files\/126\/14032.pdf](https://preview.redd.it/91un9hm9vux81.png?width=998&format=png&auto=webp&s=3e3958ebd1a999b3794cf463a5e02ac5c7df10de) + +With EO 14032, there are 70+ companies that have been added to list of sanctioned companies, larger than the amount that were sanctioned in EO 13959. + +Now, why don't I think he will extend it again? + +Taiwan is an ally of ours. Furthermore, they are the world's largest exporter of semiconductor chips. China wants to eventually invade Taiwan the way Russia wants to take back Ukraine. By allowing American institutions to continue to invest in companies with ties to the Chinese military, we are directly funding the efforts to invade Taiwan and speeding up China's efforts in reaching that goal. With the geopolitical unrest currently ensuing in Europe, Biden will most certainly be hesitant to extend this executive order especially considering the economic advantage successfully taking over Taiwan could bring to China. + +**THIS IS NFA** + +However, I have strong conviction that this thing is about to moon to glory in the next month and a half. +Even when you compare to other European countries like Ireland and Germany you can see that salaries in the UK are lagging behind and when you look at North America its a whole other ball game where $100k+ salaries are an achievable goal (seeing the total compensation packages people talk about over on /r/cscareerquestions makes me cry a little inside). + +What gives? Why are jobs in the UK so underpaid? It often feels like that the average wage has barely moved in the last 30 years. +## Bingus built an animal shelter! + +Bingus has donated $5k USD to Angels in Wheelchairs based in São Paulo, Brazil! This sum will not just feed the animals, but will facilitate **a complete rebuild of the shelter**, giving top class housing for all the 36 dogs and more when needed. + +Find the full info [here](https://telegram.me/BingusNetworkOfficial/14852) + +## Launch + +**Bingus Network will launch exclusively on ApeSwap on August 30th!** + +ApeSwap are fast becoming the dominant swap protocol on BSC. Competition breeds innovation, and ApeSwap have proven they’re ready to take control from PancakeSwap and become a community favourite! + +## New Partnerships + +As well as being an ApeSwap exclusive launch Bingus Network is also featured on **MadLabs’ upcoming NFT project!** It’s a privilege to be chosen and supported by both communities! + +Bingus Network will now benefit from having expertise from MadLabs and ApeSwap on their advisory board. + +**Together with support from devs of Bogged Finance, RisingSun, and Olympus this will surely benefit the community, knowing we have the best minds on BSC supporting it!** + +## Whitepaper + +In typical Bingus fashion a lot of care, time and thought has been put into it. This isn’t your typical BSC copy and paste. It’s uniquely designed by some great graphic artists, written and proof read with great care, and a well constructed historical perspective of the achievements of Bingus to date! **Oh, and those insanely bullish custom crafted tokenomics!** + + +- - - - + +## Important Links + +**Make sure to drop by the Telegram for any questions, curiosities, or details you could need! It’s comfy and informative!** + +**Telegram:** https://telegram.me/BingusNetworkOfficial + +**Website:** https://bingus.io + +**Twitter:** https://twitter.com/bingus_network + +- - - - +I’m not sure if this is the right sub. + +I’m 23 and I think I’m doing everything right I have a full time job, have an emergency fund, save $$, have a healthy investment portfolio, and go to therapy for the high cost of shitty homes in Sydney while waiting for global warming to end the world. + +It seems that this isn’t enough. People my age who are successful do all that AND go to uni for their second degree/masters, work full time at some startup and have a side hustle. All the while creating digital content and developing their social currency which brings in paid deals with brands and affiliate marketing etc. They somehow also have a social life! I feel like it’s expected almost to have a side hustle so I bought a coding course to eventually freelance or transition into tech. Like I even see some tiktoks of people working ALL DAY?! What happened to relaxation? Enjoying peace and quiet? If I don’t do all this am I lazy, unproductive, unsuccessful? + +I don’t mind an (above) average lifestyle but the housing crisis, inflation, stagnated wage growth makes it impossible for a financially responsible person like me to feel secure. Can anyone relate? What do you do to work on this? What else am I supposed to do? + +UPDATE: thank you everyone for your insightful and kind words. Didn’t expect to get this many responses so sorry if I didn’t reply to all. I don’t have many friends or adults in my life I can rely or trust so I appreciate having the mom and pop advice. You’re right, life is more than money and I should enjoy it while I’m young without worrying about social media appearances as it mostly fake. I honestly don’t want to extend myself and start a business I’m not interested! I don’t care! I don’t even care what my job is as long as it pays decently and they have a good culture. I want a slow paced life, where I can learn to be at peace w myself. My financial insecurity is a trauma response from a young age so I’ve sacrificed my teens and early twenties, I don’t know how to live or feel alive so it’s something I working on w my therapist which I could recently afford to see. Seems like money is a way for me to control my life and feel “safe” so when I see these more “successful ppl” I feel unsafe because by not “working hard” like them I’m jeopardising my future and safety. +So you've packed up 1 ETH or 10 ETH or 32 ETH or 100 ETH or 2000 ETH or more and you're ready to go to the moon once /if all works out fine. How much did it cost to you on average ? + + +[View Poll](https://www.reddit.com/poll/9p7g01) +Husband bought a NEW truck without my knowledge. Just drove home with a truck and a $860/month payment for 5 years. We bring in 4400/month. Our mortgage is $900/month. My car payment is $320. I have one year left on that. We pay $500/week for daycare for our single kid, so that’s HALF our money gone at the end of the month. After our mortgage, this new truck payment, my car payment and daycare that will leave us with a grand total of $330 a month for our other bills. “We will be fine” he says. I just lost it. Then he told me to get a second job if I was so worried. I am so close to graduating with my BSN. I can’t have two full time jobs and go to school full time FOR A TRUCK HE BOUGHT. He told me to sell my car because his truck gets better mileage and I asked him how his diesel truck getting 22 miles to the gallon is better than my car that gets 32 and he said the tank is bigger on his. It’s like he’s been replaced with a stupid alien. I don’t even know what his thought process has been. + +We cannot survive on $330/month or pay our other bills, water, gas (diesel for his stupid new truck) , electric, FOOD. We will have nothing to put back for emergencies. I am so angry, this is the most irresponsible thing. I can’t even leave. I won’t be able to find a place to rent for under $900 month beside that this is my home damn it. I can’t afford the mortgage and other bills on my own. I’m just a NA right now, I only bring home $1800/month. Not enough to even cover daycare. I couldn’t afford a lawyer anyway. + +Edited: I am overwhelmed with all the wonderful advice here. I always come here to read the advice, it’s one of my faves spots on Reddit. I can’t respond to you all. We have (had) amazingly great credit. I am just sick over this. He is refusing to take back the truck. We had another blow up over it. I graduate in December and I already have an offer of employment at the hospital I work for so he said he “took a chance on a great offer because our money situation will change”. I told him I was done. We can’t go 6 months on nothing. And $500/week is CHEAP daycare for where we are at and it’s a very good daycare, I am not leaving my baby at some sketchy home daycare. I am not quitting my job to stay home so my husband can have a fucking truck. The hospital is helping pay my tuition and I like my job. I am not going to be stuck jobless and dependent on a man, no thanks. No he hasn’t hit his head or have any sort of mental issues that I know of. +The whole situation is weird, it's always seemed like they operated seat of the pants, and I don't know what rights I have to that money. + +I understand that if I had quit I would lose it, but I had no say in this. Do they owe it to me? + + +edit: +I'd like to thank everyone for their input but I can't keep up with the comments. I'm still going to work my way thru them, but I can't keep responding. They're has been a lot of good advice though, thanks for that. + +I would like to address a couple things just to clarify my situation. + +There are a number of comments about acquisitions and pay increases normally being 30-50%. That I'm not asking for enough. + +There are also a number of comments about how publicly traded companies work with this kind of thing. + +Those things don't really apply here. I understand where you're coming from but think about if the bakers in your local bakery decided they were worth $100k a year. Are you going to continue to buy your morning muffin when it's $6000? + +I was initially employed by a site development company employing about 300 to maintain the hydraulic systems on their excavation machines and do general metal fabrication projects. + +Now I am focused on rebuilding hydraulic cylinders and some hydraulic pump/motor rebuilding. I stay in the shop. The owner and one other employee service heavy equipment on site for customers. We're also adding a hose shop to replace blown hydraulic lines, and I'll be managing an employee who will be focused on that. + +The equipment I operate in the course of a day is specialized, and there aren't too many shops in the state with my machine capability. + +While that does make me critical to the acquisition, my pay needs to be justified by the amount of work I directly bring in. + +I can certainly request that with this new role I be paid 6 figures but I would bet all that money that the request would be denied. + +Thanks for the encouragement, but the reality is.. that's not realistic. I understand that money like that gets thrown around in the corporate world, but this is a small business. + +What I have now is a good job with a lot of possibility. I'll keep working at it so we all make money, and as the business grows, everyone contributing will grow with it. +Recently, I was thinking back to my first exposure to crypto, after [talking with a couple of my coworkers](https://www.reddit.com/r/ethtrader/comments/7daic7/daily_general_discussion_november_16_2017/dpxhrnn/) who shared their own, more recent experience with me. It was late 2013 when I first bought BTC, but I had heard about Bitcoin a couple of years earlier. I thought the idea of internet money that nobody controlled sounded like a scam, so I stayed clear. I couldn't really understand the value proposition and didn't take the time to understand how it works (hindsight is 20/20). + +That started to change in early 2013. I learned much more about Bitcoin, which at the time was the only blockchain of any consequence, and began to understand the trustless nature of this revolutionary technology and how it would change the world. But what drew me in was the price. For those of you who weren't around then, [it's worth taking a minute to open up that chart on Coinbase and see what that bump was in the grand scheme of things](https://imgur.com/a/Wmjg1). + +See what now looks like a relatively little blip there in late 2013? That was when Bitcoin went roughly 10x in a month- from a $100 valuation to a $1000 valuation. I signed up for a Coinbase account shortly before Thanksgiving. Over that Thanksgiving, I spent the whole holiday / weekend talking to my family about how revolutionary this technology was- and *wow*, were they confused and unable to fathom it. To me, it seemed so obvious. Price increases have a way of "revealing" unassailable logic in situations like these. + +It took a while for Coinbase to approve my account, but I could hardly wait for that. I was on eBay, seeing if I could buy [Casascius Coins](https://www.coindesk.com/whats-a-casascius-coin/). They were appealing to me at the time, because they merged an asset that was completely virtual with something that was tangible. My brain had still not fully accepted paying so much money for something that "didnt' exist" in real life. But the speculation was soaring so high on those coins (double the BTC value or more) that I decided to pass. + +Soon thereafter, I finally got access to Coinbase and bought my first Bitcoin for around $900. And then the price dropped, and it kept dropping. But I kept on buying, knowing that this is how asset markets worked. The price was going down, but for something this revolutionary, it would have to eventually go back up...at least that's what I was hoping. I bought all the way down to prices in the low $400s. + +**And then in June 2014, I abruptly sold them all, at a sizable net loss.** Why did I do that? What was going through my mind to make such a rash decision? Well, [open that chart back up](https://imgur.com/a/Wmjg1). The price had cratered down into the $230s and seemed to be stuck at these new lows- it was a winter that started earlier in that year and never ended. And the [Mt Gox debacle](https://en.wikipedia.org/wiki/Mt._Gox) was completely soul crushing and I really felt that my hopes for the success of a decentralized currency were completely dashed. And back then, there were no other alt coins to FOMO into. It was Bitcoin or (mostly) nothing. + +Besides, I had a major home purchase underway and decided that my money was better going into that rather than holding Bitcoin. **In hindsight, I sold at what turned out to be the close to the bottom of Bitcoin.** And then just look at that chart. A slow and steady increase over years, with $1000 only being reached again in March of this year. + +And as we enter Thanksgiving 4 years later, some of you are going to have these same conversations with your own families about Ethereum. I can tell you what some of them are going to say: + +*"Internet money? I wouldn't invest in something like that. Who controls it? Isn't this just for criminals?"* + +*"Smart contracts? Even if they do work, what's the point of having them when you have regular contracts? And why does XYZ service even need to be decentralized?"* + +*"This whole thing sounds like a bubble. I hope you don't have much money in this..."* + +**So what does all of this teach us about holding Ethereum?** + +1. For many of your friends and family next week, it will be the first time they've heard of concepts like smart contracts or even cryptocurrency in any depth, but if Bitcoin is our teacher, it won't be the last. Take the time to explain it, but don't be pushy about it. Plant the seed, walk away, and send articles to them over the course of the next year. + +2. Bitcoin's $1000 moment reminds me of ETH's $420 moment. Many new buyers FOMO'ed in and are still waiting for their returns, with many likely abandoning the path along the way. Most of the actual buyers of Bitcoin in 2013 then were "nerds" who were fascinated by the technology because they were among the few who took the time to understand it and felt comfortable putting large amounts of money into something on the internet. I would suggest that most recent ETH buyers are still in this "nerd" territory, without real mainstream understanding of what it is. + +3. We are in what seems like a "long winter," with ETH stagnant at around $300. But it is unlikely our next big run will take 4 years to develop. I'm thinking a period of 3 to 12 months. The space isn't what it used to be, with massive institutional money coming and a very vibrant and mainstream-accepted development community. Those among you who were smart bought every token they could during the July depression. If that happens again, you know what to do. + +4. Even if we had another Mt Gox style event (I won't name any exchanges or pegged tokens), it would probably not have the same impact as Mt Gox had. The system is much more diverse and resilient against such events now. There would be a drop, but it would be (hopefully) short lived. + +5. **If you just hold long enough, the price is very likely to go up. Possibly substantially up. Maybe even life changing amounts up.** You understand the technology and the potential. Don't doubt yourself on your original thesis, like I did with Bitcoin a few years ago. The future picture for ETH has only gotten better in recent months. + +*So learn from Bitcoin, and don't screw this up for yourselves by taking rash actions- driven by impatience or outsized greed. I am not always one for hyperbole, but I am not exaggerating when I say that you may honestly regret it for the rest of your life.* + There is always plenty of posts from those looking to get on property ladder but wondering what the consensus is among home owners. I don’t really see how house prices going up universally (major cities/regional) is good for anyone. It's not like you can sell the house and buy one cheaper elsewhere and keep the leftovers - you sell and buy in the same expensive market. + +I purchased a shit hole of a house right at the start of Covid and at the time thought I had the worst timing possible with all the doom and gloom articles. However, as we know now, house prices have soared and apparently my house in 12 months is now valued 20% higher (or so the REA's tell me). + +I should be ecstatic about the higher value but I am not. The problem is I bought this house well within my means and planned to renovate and sell it on in 5 years to then upgrade to a larger family/forever home. However, these larger houses have also gone up 20%. For example a $1.3 million house is now worth $1.56 million, a $260k jump which is more than my deposit for my first home. The higher the price, the higher the jump in actual cash has gone up. + +So every time I see house prices go up, I don't pop a bottle of champagne, I just see my dream of owning a decent family home slipping away. Jumping in at the bottom of the property ladder doesn't automatically mean you can climb to the next rung - especially if the rungs get further and further apart. Does anyone else feel the same? Or am I just being overly entitled? +I was browsing Reddit when I noticed a sub r/squatting where people were discussing how they find and identify properties that they squat in, what their process is, etc. + +I know that squatters exist but I did not know that they had an entire community based around their ideology. + +Have any of you experienced this in one of your properties? + +I have a property that is not in my home market and reading some of the posts was pretty eye opening. This one is a bit further and I rely on my team on this. + +Either way, this may be common knowledge to you guys but scrolling that sub was a little eye opening for me. +It's not a rant, Im just really confused how things change so quickly. +There was a time when people here focused more on the King, on the fundamentals, people discussed serious projects, innovations and different use cases of crypto and adoption. +People used to form their own opinions from reading up on projects, not braindead parroting what they glanced over scrolling through an article or read in a one-liner here. + + +Nowadays everybody's got their focus on that one overhyped coin that's going to a 100x by the end of the year. Nobody's even read the whitepaper on it, but hey, so much hype, it's gotta be the next moonshot! +And when it ''does a Squid'' newcomers get burned hard and leave the market for good. +I get it's survival of the fittest, but this shilling doesn't help with Adoption, does it? + + +When was the last time you saw a discussion on the King?2-3x by the end of market cycle? Heell no, that's not enough, we want 10x in a month! +Nobody is happy with 3-5x in 6 months, people want quick gains over night and that's it. +Right now, stop any pedestrian on the street and ask them if they want 2x on their money in 3 months. About 95% would think that's too good to be true and in the normal world it is too good to be true. + +It really feels like a group of drunks walked in a Vegas casino trying to choose the one winning slot machine out of a thousand slot machines. +Crypto does change things, sadly not always in a positive way. +I became a single mom in October. Found out my ex was cheating on me with a 19 year old. He flushed a 10 year relationship/6 marriage down the drain. I had suddenly been thrust into single motherhood with no guide. I did everything I could think of - signed up for all of the government assistance I qualified for but even with that, I only get paid once a month and have struggled. My ex hasn't paid a cent in child support yet, so I've had to budget and account every single penny. I've had to go without to make sure my kiddos (11 months and 5 years old) were taken care of. Christmas was lackluster for my 5 year old and my youngest turns 1 today! Yesterday, when I checked my bank account, my monthly stipend for being a full time student was short by a few hundred bucks. I had a panic attack before making a few calls ans getting it figured out. I'll get that money I was shorted back, but it's going to take anywhere from 14 to 21 business days which isn't helpful for me right now. After budgeting what I did receive, I realized fuck, I don't have enough for diapers/wipes/toiletries. The shit you just kind of forget until it's time to buy again. + +So I made a plea on my NextDoor app. I asked if any neighbors had diapers to spare for my youngest. I gave a brief background on why I needed them and how thankful I would be. + +Not even two hours later, I went to take a bag of garbage out to the dumpster and there was a box of diapers in front of my door. No note, so I have no idea who left it. I threw the trash out and brought the box inside and started ugly crying. My 5 year old asked if I was OK which just made me ugly cry harder while the baby napped. Made another thank you post to whoever left the box behind. One less thing to stress about. One act of kindness to make my entire day. I did not think I'd end up crying over a box of dang Luvs diapers but here I am. Life can be funny in ways sometimes! +So a project I’ve been looking at is Audio.co and was thinking it’s a really good contender to Spotify if it takes off. Currently it has backing from Bing Gordon (Co-Founder of EA Games), Justin Kan (Co-Founder of Twitch), Greg Hazel (Chief Architect at BitTorrent) and several artists as well as a good team with extensive experience in the industry. Their whole goal is for artists to retain more of the money they make from music compared to other platforms like Spotify and Deezer. + +Big artists are already using the platform like Russ and Skrillex as well as many other independent artists. + +Currently ranked at over 300, feel like there’s a good chance this will hit in the Top 150 Coins soon as I don’t see many other projects within the music and crypto space. + +Music Industry is huge and Low Market Cap for a project like this. Project has a real use in the music industry and is actually being used compared to many other “Crypto Coins” in the space. This just shows that this project is highly undervalued. + +Investors: Coinbase Ventures, Lightchange and Binance which shows the legitimacy of this project. + +TLDR: +Undervalued, Low Market Cap , Potential for huge returns, Actually being used by music artists (e.g. Skrillex, Russ etc.), Music Industry is worth $21.5 Billion in the US alone, Team with extensive experience in the Crypto Space, Backed by Coinbase Ventures, Binance and Lightchange. Currently at time of writing: Rank 396 on CMC + +Note: I am not a Financial Advisor of any sort so don’t take this as financial advice. So please guys remember to DYOR and see if you think this is a low ranked Gem. + +As a lot of people are asking this question: +Where to buy? (Got this info from CoinMarketCap) +binance.com (Not Binance.USA), +UniSwap, +FTX Exchange, +1inch Exchange, +IDEX, +BiOne + +Want to know about another 💎 I’ve found, then click the link below: + +https://www.reddit.com/r/CryptoMoonShots/comments/lodchs/orn_huge_potential_10x_gains_under_200m_market/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I must start this post by complimenting u/criand. The events of the past week seem to have confirmed his [theory of the FTD loop missing link: the coupling of T+21 for Market Makers with T+35 for Clearing agencies to cover positions](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/). As he so clearly explained: [this feels eerily similar to the February and March run-ups](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/). + +&#x200B; + +HOWEVER, what happened after those run-ups? The price dropped. To higher support levels than previously, but it did drop. **This is a clear indicator that they're running out of their protection layers and that we are closer and closer to cracking them to get our well-deserved tendies.** + +**Shitadel, Susquehanna, Point 72 and even the clearing corporations are hoping that apes will paper hand now in June. They're trying TO SURVIVE THROUGH JUNE RELYING ON APES SELLING BEFORE THE NEXT TIME THAT T+21 AND T+35 CONVERGE.** + +If the rocket does not ignite after the shareholder meeting, something that might happen considering that it is a significant catalyst, or if Ryan Cohen does not ignite it with some measure **then we MUST HODL for a few more months.** + +**Remember that our opponents always relied on one thing to win:** **that they will outlast the attention span of the retail investor.** All these rules that provide them extra time to cover their positions were tailored with their input precisely for that: this is a classic rent-seeking strategy - change the rules of the game to benefit the dominant players. + +This is why Buffet says **that the market is a way to transfer wealth from impatient to the patient**. In a quite literal sense, the rules are written to benefit the players that can afford to wait longer for their plays to come to fruition. **You want to make life changing money. HODL. Don't settle for less than insane gains.** + +The pressure for us to sell after the shareholder meeting will be insane. You might see another mini-squeeze up to the thousands. But do you guys want MILLIONS per share? Then resist the temptation to settle for less. + +PS - I would like to ask u/criand: when is the next time that T+21 and T+35 will converge? If the MOASS does not start in the next couple of weeks, then it has the highest likelihood to happen then. + +&#x200B; + +Edit. The mention of September in the title refers to when I estimated the T+21 and T+35 would align again. I did not intend to establish a deadline "by September". If there's no MOASS in June, and they manage to avoid it in September we MUST HODL. Our best weapon is buying and holding as long as necessary because that is the only strategy that the hedge fucks couldn't twist in their favour. + +&#x200B; + +Edit2. I can't change the title to clarify that. Just remember: the MOASS WILL happen. Don't be disappointed if it does not happen soon. It might happen with Ryan Cohen triggering it. It might happen in one of the next T+21/T+35 alignments. It might happen with Kenny slipping on a banana peel any day now. :) + +Thank you all for the great replies. You guys truly make this a great community. +Yesterday at 4:10pm EST I sold the 266.50/266.00 put spread for a 2 cent credit. 1,000 of them. I guess at 4:14 or 4:15 before the option expired SPY must've dipped below 266.50 because I woke up the next morning before the market opened and saw my balance was up about $140k. I thought it was a glitch with the Etrade app at first but then looked at my portfolio and saw what happened. For some reason I was assigned only 863 of the 1000 put contracts I sold. That's 86,300 shares of SPY which is about $23,000,000 worth. I only had $50,000 in my account so I started panicking and wondering if Etrade would liquidate my account or something, so I put in a limit order of 268 (SPY was trading around 268.12 at the time), hoping the sale would go through immediately. After putting in the order a message popped up saying my order would be put through when the market opened, which I don't understand because I thought you could buy and sell stocks/ETFs during premarket hours. So anyway I was stuck staring at my phone's screen until 9:30 when the market opened. Immediately about half my shares sold for $268 each. The market seemed to be dropping so I lowered my limit for the rest to 267.60 and the rest of them sold for that price. After all that my balance was about $112k higher than it was yesterday. Does anyone know how much interest Etrade will charge me for holding 23 million dollars of SPY for these few hours? +Proof: https://imgur.com/a/onEjU +Just picked up a nickle and I feel like life gave me a dividend for the 1 share of life I own. Just a stupid thought I felt I'd share. Have a good weekend everyone. +EDIT: FIRE stands for financial independence, retire early. It basically means retire early with sufficient funds. For more check out [https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp](https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp) + +Hi, I'm personal finance enthusiast and have analyzed 100+ individual's spending patterns. (Disclaimer: I'm not a financial advisor, I analyzed this data by talking to different people online and offline and just sharing what I think. I'm not claiming this is right or wrong, just sharing what I think) + +I've come across so many people who falsely assume that 1CR is not sufficient for FIRE. Few misconceptions I found were. + +1. They ignore the fact that if for retirement they have saved X amount of money, that X amount of money would keep growing even after they are retired. For example say I need 1CR for retirement and my expenses are say 20k, I take 2.4L (20k \* 12 months) out of this 1CR corpus and leave the rest 97.6L to grow as it is. Now it depends on the investment instrument I put my money on. If I had that entire corpus in FDs it would cancel out the inflation because interest from FDs is roughly +1% more than inflation.The point am trying to make is that people usually overrate inflation, the interest you get from FDs would cancel out the inflation and you would still have roughly +1% profit. If you have 10-12L interest annually there won't be any tax (husband + wife both exempted upto 5-6L) +2. Second thing is city, most people who need insane amount of corpus usually assume that they would be living in metros. I've seen people living in small town with their own home they have expenses less than 15k (husband and wife both included, obviously as they grow old there would be medicine expenses increasing the overall expense)If someone living and earning in metro city moves to his/her own property in a small town they can easily manage in 1CR. If someone feels am wrong tell me what would be their expenses? utility, groceries, fuel and medicines once they are old, what else? And some people who have never been to small towns would be surprised to know that groceries expense are lower in small towns, the packaged products like biscuits, tea etc which comes with MRP is same as city but things like dal, fruits, vegetable are cheaper.Some realty companies actually have this kind of model, they build homes for people outside the city area and market it as "retirement home" they are usually cheaper than main city's homes and cost of living is inexpensive if compared with main city.Personally I feel it doesn't make any sense for people who migrated to metros from small town to live there as they migrated only for job, there relatives and everyone is back home (hometown) they can go there and enjoy there life peacefully. It's difficult for people who are living in metros since birth because moving to any random town is not practical for them but if they were born in a metro, most likely they would be having their own home in metro, while there peers who migrated were paying rent from the age of 22-25 (fresher) they were saving that money because they were living at parent's home. Over the time the money saved from not having to pay rent is huge. +3. This is probably the biggest thing I've seen most people ignoring. Suppose someone follows the approach explained in 2nd point, he won't have to buy a home at inflated price in a metro city, pay EMIs which includes interest for rest of his life. Instead he can keep investing that money and he would be earning interest instead of paying it. This would also open room for RE investments for most middle class people because now they would have disposable money piled over the years to invest. + +Final words, **I admit that this would differ from person to person and this may not to possible for everyone but still thought to share my views.** + +Something really important I found after analyzing spending patterns of so many people is they think they need higher income to achieve FIRE, it's wrong. I noticed that as their income grows their expenses also grow. They keep upgrading their lifestyle, had they not done it and instead invested that money they would have made wealth. Once someone upgrades his/her life its very difficult to downgrade, after a point they feel like maintaining a social status so they always need money to spend, investments come later for them. + +So folks here earning less don't be dishearten when you see someone having higher salary than yours, higher salary =/= higher savings (investments) it depends on person to person, how they choose to invest their money. I'm not saving this in air, have seen spending patterns of so many people I can say this with full confidence. + +Let me know what you think. +My 2001 Subaru Forester that I love dearly just had the clutch replaced last month. Driving home from the mall on Sunday, I was passing a big new and used car lot and I heard "pop!" from my motor and lost all power. I coasted the Subaru into a parking spot at the car lot, and called the partner to come get me. + +While I'm waiting, I was approached by a salesman who reminded me that a 2001 car is 16 years old. He showed me a Kia that was similar in shape and size to my Subaru. The price on the windshield was just over $10,000. + +The husband showed up, diagnosed the Subaru as a busted timing belt, and got into the conversation with the salesman on the Kia. I hemmed and hawed, we did the math, yes I could afford it, but going $10,000 in debt was not what I had planned for a Sunday afternoon. My down payment was going to have to wait for my bank to open on Monday anyway. I got the guy's card, took pics of the vin # on the Kia, and headed to the husband's car. + +At the last minute, the credit manager runs out the door and puts a piece of paper in front of me. He says "60 months at $178 and you drive away in this Kia tonight." I said "Why would I sign something without having slept on it? I'll be back tomorrow with my down payment." + +I went home and did the math on his offer and discovered that he didn't calculate my down payment. I was not happy about the offer at all. I read some low reviews on that make and model of Kia. Then I read some shitty history on the VIN search about that particular car. Still, however, I had no car to drive, and I need to commute from the 'burbs to the city every day. + +The next morning, before the bank opened, I called my mechanic and asked him "What do you think about this model Kia?" His response was "What happened to your Subaru?" I told him that my partner diagnosed the timing belt issue. He said "That's a $500 fix. The valves don't get bent on that motor. Tow it over here." For another $200 he's going to replace the windshield that picked up a crack recently. Plus the tow bill, the whole thing is less than $800. Less than the down-payment I was going to pull out of savings. + +So now have my old Subaru back, I'm not $10,000 in debt, I don't need full coverage insurance because there's no loan on it, and someone else can buy that POS Kia. Dodged that bullet. + +Don't ever sign anything that big without sleeping on it. + +EDIT: I will trust my mechanic long before I will trust a stranger's advice on the internet, so you can stop telling me how stupid or wrong he is. +Edit 2: I also admit that I left some info out of this post, such as my history in the auto insurance industry, which means I know cars and I know insurance. +Edit 3: The point is not that I kept the Subaru; the point is that I did not buy the Kia. Read for comprehension, not for response. +1950- $7,500. 1960- $12,000 1970- $17,000 1980- $47,000 1990- $83,000 2000- 109,000 2010-226,000 2020- $ 390,000. Anyone still on the fence about buying all the real estate they can if your holding period is ten years? +As a layperson, it seems like a terribly paltry amount considering the magnitude of the issues many are facing. + +Nonetheless, I was curious how great the effects of a one time payment injection like this can actually be on the macroeconomy? Thanks! +I had a reminder set to check up [on this 2016 article](https://www.theguardian.com/technology/2016/sep/13/artificial-intelligence-robots-threat-jobs-forrester-report) that claimed "Robots will eliminate 6% of all US jobs by 2021". + +But now I can't find any readily available sources to check if it came true or not. Any help would be appreciated. +Hi! I could use some advice on this situation please. My [F24] boyfriend [M23] agreed to buy out his parents leased vehicle without including me in the discussion. He expects me to make half of the payments on it, as he drives me around places. I don’t mind paying half, but I specifically did not want this car or a car from his parents at all, as they’ve been a real sour point in our 5 year long relationship, and anything they’ve “given us” they’ve also taken away. For instance, the last car with their name on it they had totaled out when they found out we moved in together, and we spent an entire month getting uber’s and rental cars to work. + +Since he agreed to buy this car out, we are responsible for the money in my eyes. His parents paid $12K cash on the car to buy it out, and wanted us to give them the payments for the car. As I already stated, I’m really uncomfortable with that situation. + +To buy the car out in full, we’d need to take a loan out for it, no doubt. We intend on giving $4K-$5K out of pocket cash, then financing the remaining $7-8K. My question is, if we do that, can we immediately bring it to a dealership to trade in on a different vehicle that we agree on? Or how would it work if we have a loan taken out, and try to do that? + +I’m really financially stupid on these things, but I know I don’t want to pay on this car for 4 years to his parents, and would rather just get a different vehicle. + +Thank you in advance! + +tldr; boyfriend “bought” a car without telling me, wants me to help pay for it. can we trade it in for a different car? + +Edit: Hi guys! Thank you so very much for all of the advice you’ve offered me, and all of the concern you’ve expressed. I really appreciate that there are still so many people willing to be kindhearted to a stranger in their difficult times. Speaking with my boyfriend, I set up a “boundary” going forward; I will not help pay for this car, and he will pay his parents one year of the cost of the car out of pocket, and then give the car back to his parents, who will give it to his sister. We felt this was fair because his parents really quite possibly wouldn’t have bought the car if it weren’t for him, although I don’t believe their innocence in all of this, seeing as they’ve caused a lot of turmoil in our relationship [he 100% caused all of the turmoil, but his parents opinions on me played a role as well]. We will both be getting our own cars, with the titles in our own name, no later than the end of February. We are looking at couples counseling, and emailed a few local counselors already. I’ve made it clear to him that if he can’t respect me, and anything even remotely close to this happens again, he will not see or hear from me ever again. + +thank you all again :) +with... +* US GOVT ramping up deficit/debt +* OIL sitting still (US Production is now too expensive, and no one is buying anything thats even sitting in boats in the ocean) +* 30%? 40% unemployment a possibility? +* Retail, already in a death spiral +* Restaurants desperately pivoting to simple sell what’s on their shelves (My wife and I are buying baked goods, and canned tomatoes from the same bakery this morning, simply cause they want to sell what they can’t use) + +I don’t mean to bring up any “END OF THE WORLD” situations or subscribe to any single tin foil hat theory — but where does this leave us in 12 months? 5 years? +I’m not a religious person at all, but this year has been so rough financially and my friend told me about Angel Tree through the Salvation Army and I signed my kids up. Basically, a family “adopts” a family in need and donates Christmas presents and food. +I picked up the presents today, and I have to say I am in awe and completely overwhelmed by the generosity. Whoever adopted my family must have spent upwards of $300 on each of my 3 boys. +I am so unbelievably grateful that my boys will be able to have (an excess!!) of gifts to open on Christmas. I wish that there was a way to send a thank you letter to the people who were so so so generous to my family, but maybe one day when I get straightened out financially I can do what they did for another family in need. +I just want to urge anyone who, like me, feels bad about getting help from a religious organization when you aren’t aligned with that lifestyle, please accept the help when you need it. The people working there were so kind and gracious. +I know that there are many people who aren’t able to have the Christmas they want this year and I hope I’m not coming off as gloating or anything, I just wanted to share a little bit of happiness and say how grateful I am to those who choose to spend their money and time making other peoples Christmases merry! +Let's face it talking about your salary is one of the biggest taboos in the workplace. But if we want to encourage equal pay its something that we need to do more of as workers. + +I recently had to assist in the salary reviews for my department and I was shocked by the disparity which was in no way linked to performance or responsibility btw. + +It's also interesting to see what other people are earning on Reddit too, some crazy salaries going around (if they can be believed). +The success of Ethereum as a successful smart contract platform has led many to try recreate the success story in their own way. + +Which one of them, do you consider to be a worthy opponent to the throne? + +And why? + +Options sorted by market cap. + +[View Poll](https://www.reddit.com/poll/9rbkei) + +&#x200B; + +The results are in! + +**Ethereum wins with 64,6% donuts voted.** No competition in sight! + +25,4% believes that another crypto might challenge Ethereum. + +4,3% thinks Tezos is a serious contender. Cardano comes a close second. + +The ethereum community recognizes NEO and IOTA as worthy contenders. + +&#x200B; + +**Shill-O-Meter** + +|||||||||||||||| ......................................**EOS** +||||||||||||...............................................**Cardano** +||||||||||||||||||||||||||||||..........**Tron** +|||||..............................................................**Tezos** +||....................................................................**Other** +||....................................................................**Ethereum** + +Tron is the most shilled and Tezos is the least shilled crypto. +After nearly a year of being out of full time work, and 9 months of being completely unemployed, I was offered a FULL TIME JOB WITH BENEFITS today doing what I went to school for at a university hospital! 2020 was really \*really\* hard for me. I lost my job, left my fiance, and lived alone for the first time ever at 25. I had to ask for money from my parents, who I already had a difficult relationship with, and relied on the help of friends and family to feed myself and my cats this past month, when my savings ran dry. I didn't negotiate my salary like I should have, but I was just so grateful and stunned that I wasn't thinking. It's okay, because anything is more than the $700/month I was getting in unemployment benefits. This job will put me over the poverty line for the first time in my life, and I am ecstatic. I can begin to pay off my student loans, destroy my credit card debt, and start investing in my future. I am so excited and relieved and wanted to share this with people who understand what a big deal this is for me. +Tesla market value today (716 Billion) is about the same as the market value of all the world's major car makers combined. In addition China's BYDDY (86B) and Nio (78B) are both more valuable than Daimler (74B) even though NIO only delivered less than 40,000 cars in all of 2020 with huge loss. China's LI and XPEV combined market value are similar to GM (61B), which has production in China and has a worldwide lineup of EV to be on the market in the next few years. + +With the exception of autonomous driving, EV manufacturing appears to have a low technology barrier to entry, that's why we have so many EV car companies pops up all over the world. Everybody used the same Total Addressable Market to justify their future value. I don't think autonomous driving is a must have in buying an EV, so the competition will be intense once all ICV companies start to produce their lineup of EVs in the near future. + +Since Auto industry is a cyclical business, historically, the market value of the auto companies were somewhat depressed as compared to other high growth industries. Since there is a limit on how many cars will be sold in a year based on historical trends, I don't know how we can justify doubling or tripling the total market value of the whole auto industry unless all the non-Tesla companies lost significant amount of their market value, which is not likely (you are talking about fierce competitors like Toyota, Daimler, Honda, GM, etc) + +The first movers (Tesla, BYDDY, Nio, Xpev) are catching all the investment dollars, driving their stock to current nose bleeding price. Once all major car makers start to deliver EVs, supply and demand will determine their profit margin, future cash flow and true present value. + +What do you think? How long will this EV mania last? +Within this month I will break 100 USD (yearly) dividend returns. + +I own 20 stocks, not all of them return dividends and not all of them bought last year (some were bought after some of their payouts). + +But within this month I will break 100 USD yearly payout milestone. + +I own a few "value" stocks that I bought and actually gave me good returns (problem is, I never know when to sell with these so I am just holding) and some AMC for the fun of it. + +My yearly dividend for next year (if there are no changes) should be at around 315 USD (if I don't buy any more). + +Also, all the numbers I am saying are after 15% tax ( I am not US citizen and we have double tax treaty to reduce at 15%). + +I will continue adding to my profile on a monthly basis as before, and hope for the best :) + +&#x200B; + +\*\*EDIT\*\* My stats + + +I started from last october and adding some money every month. + +My total deposits (total montthly cost summed) is at $8,370.0 while my current portfolio value (at the moment of writing) is $9,975.39 + +My forward yield is 3.934% pre tax and 3.344% post tax + +while on cost is 6.89% pre-tax and 5.86% post tax + + +Also, I am 31 years old, started a bit late (compared to some other 18 year olds here) but its never too late to plan for your future I guess +This is entirely speculative as I don’t have the kind of information to substantiate these claims. + +We have seen several different posts about US Brokers & International Brokers doing a regular stock split & not distributing shares via dividend & if true, something serious needs to be done about this & GameStop should immediately act. + +Even my shitty custodial broker updated my share totals probably 2 hours after market close. + +The apparent mess in the German brokerages is because they aren’t happy to just blindly split existing shares, they are pushing back, they want what their investors are entitled to, shares by way of Dividend. So where are they DTCC? Where did all those ~220,000,000 shares go?! + +There’s only 1 reason why this would happen & I’m more bullish on GME than ever before. + +EDIT: Wow I have never seen such serious downvoting on one of my posts before, cheers shills +The federal government will announce a multibillion-dollar relief package for Air Canada and parts of the industry on Monday evening, after months of negotiations between Ottawa and the sector, The Globe and Mail has learned. + +Michael Sabia, the veteran corporate executive recently recruited as deputy minister of finance, has finalized a package, according to three sources with knowledge of the negotiations. The Globe and Mail is not identifying the sources because they were not authorized to discuss the talks publicly. + +Equity stakes have been ruled out, so the rescue package is expected to be a mix of low-cost loans and wage subsidies, and to come with restrictions related to executive compensation. Two of the sources said the package would ensure key regional routes would be maintained and that current orders for aircraft would not be cancelled if it were to affect jobs in Canada. It remains unclear if equipment purchases remain part of the package. + +One source said the government will announce a fund for airlines to draw from to refund customers for flights cancelled because of the pandemic. Air Canada has $2.3-billion in prepaid fares, including cancelled flights, according to company documents. + +Sources said Calgary-based WestJet is not included in the package being announced on Monday, but discussions are continuing. Parts of the package are expected to be available to other airlines. + +Talks between Mr. Sabia and the industry have been going on for months, with all the participants signing non-disclosure agreements as Finance Department officials delved deeply into the financial records of airlines both big and small. + +Mr. Sabia, the former chief executive officer of Caisse de dépôt et placement du Québec, took the reins for the negotiations from Transport Canada after he was recruited as the deputy minister to Finance Minister Chrystia Freeland in mid-December. + +As part of a possible package, Ottawa has also set aside $207-million to help smaller airports adjust to the upheaval in the industry, which could see smaller airlines take over remote routes. + +https://www.theglobeandmail.com/politics/article-ottawa-to-announce-multibillion-dollar-relief-package-for-air-canada/ +From what I read, wealth management doesn’t beat passive index investment. So the only real reason to use them is for tax planning or estate planning? But I imaging these people with $10m+ or so net worth already use accountants and lawyers for that. So what exactly is a wealth manager providing for them if they aren’t getting a better return? Do they do something regular people can’t? + +I currently invest passively but If I ever had multiple millions to invest, I don’t see how that would change my investment strategy. Does anyone have insight on this? +Buffett warned newbie investors that picking great companies is more complicated than just selecting a promising industry. + +"There's a lot more to picking stocks than figuring out what's going to be a wonderful industry in the future," said Buffett. + +Buffett put up a slide of all the auto companies from years go that started with the letter "M;" however, the list was so long it didn't fit on one slide. The "Oracle of Omaha" had to narrow the list to automobile manufactures that started with "Ma" to fit the names on one page. + +Buffett said there were about 2,000 companies that entered the auto business in the 1900's because investors and entrepreneurs expected the industry to have an amazing future. In 2009, there were three automakers left and two went bankrupt, said Buffett. + +Whether it’s technology, EVs, renewables, marijuana or cyber security, many will enter these budding industries, and most will not make it. It isn’t good enough to pick the sector or industry that’ll grow most, you either need to time your exits perfectly, or hope you have the few that survive to cover your losses on the many that don’t. +read the article and discuss https://www.washingtonpost.com/business/2020/04/09/66-million-americans-filed-unemployed-last-week-bringing-pandemic-total-over-17-million/ + +Doesn't this sound worrisome? Why has the market been going up? +Last Tuesday, I did something irresponsible for the sake of my mental health and quit a job where I was miserable, without another job lined up. As the sole income provider this was a huge gamble, but I had an interview on Friday that I was feeling really confident about. + +I should pause here to note two things: 1) I'm a codependent, and avoid conflict like the plague. 2) I am this way because of my childhood, being raised by my narcissistic mother. My former boss was exactly like her, hence why I left. + +So, I killed the interview on Friday. Met the two attorneys I would be working for. They are amazing and offered me a job at the end, but said that they would need the senior partner's approval first, so to wait for his call. + +I got the call this morning. We went back and forth a little bit. My starting point was $X, he wanted to offer X-$7k. He noted that health insurance is 100% employer-contributed, and not only was I getting 2 more weeks of PTO than my last employer, but I would get PTO on my bday (this is actually an awesome perk because mine almost always falls around a federal holiday, which means the potential for a paid 4-day weekend). + +I said meet me at X-5k, so he said he'd do X-7 but cut me a personal check each month for gas allowance. When I incorporated that in, I was almost sold. My husband told me to ask for an additional $50. What's the worst he can say, No? + +Well, codependent me was terrified to ruffle the feathers. But I thought, although beggars can't be choosers, I'd potentially miss out on an extra $600 a year for the sake of not hurting someone's feelings. + +So I asked. And he actually said that he was taken aback, and felt like I was nickel and diming him! But you know what? I stuck with it. I said, "Yes, well, I am very eager to start, so if you can meet me there, I can start tomorrow." He said he had to get back to me. + +And wouldn't you know, he did. I got that extra allowance. I stuck to my guns. I put conflict aside to make sure he knew right off the bat that I know what I am worth. And it felt amazing. + +You miss 100% of the shots you don't take. And let me also just add that it feels really good knowing you're earning a salary you can support a family on, and that you made it happen by being assertive. It's just a huge weight off my shoulders, that I won't have to worry about whether I can pay all the bills on time. + +ETA: thanks for the gold! :) +I look forward seeing how this whole thing turns out between the lil guy and the hedge funds but more so I’m enjoying the fact that pretty much every stock around it is slowly dropping over this past week thanks to both the lil guy and the hedge funds all focused on a small selection of stocks. Soon it’ll be time to refill the dividend tank and gather more high quality long term growth regularly paying stocks + +Like Warren Buffet says, buy when everyone else doesn’t want the stock. Since they’re all too busy buying and holding, staring at each other across the metaphorical trenches of a select few stocks I’m just going to gather myself more ownership at a value price and I look forward to the end of the year dividend increases I’ll get :) +I came to Germany in 2019 from a developing country and started investing everything in the VWCE through Degiro. Apart from some necessary cash holdings to cover 3 months' expenses and my return ticket, this is the only fund I have in my portfolio here. Now that it is getting big, it is making me uncomfortable. I still believe in free market capitalism and that a diversified, global equity fund is the best bet we can have to gain from it over long time frames. + +But do you think keeping everything in only one fund is risky? What is your opinion on investing in iShares MSCI ACWI or Lyxor MSCI ACWI to diversify away from VWCE? Lyxor fund has the added advantage that it is domiciled in Luxembourg, different from Ireland where VWCE is domiciled. + +Let me know your opinions. +Hey all + +been reading Kelton's The Deficit Myth, and she presents Modern Monetary Theory as at a controversial lens through which to look at things. + +What is the controversy. What would a non-MMTer say in response to someone who argued we can most fruitfully understand things through MMT? + +(and where could I read a sceptical view?) +>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in April on a seasonally adjusted basis after rising 0.6 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.2 percent before seasonal adjustment. This is the largest 12-month increase since a 4.9-percent increase for the period ending September 2008. +> +>The index for used cars and trucks rose 10.0 percent in April. This was the largest 1-month increase since the series began in 1953, and it accounted for over a third of the seasonally adjusted all items increase. The food index increased in April, rising 0.4 percent as the indexes for food at home and food away from home both increased. The energy index decreased slightly, as a decline in the index for gasoline in April more than offset increases in the indexes for electricity and natural gas. +> +>The index for all items less food and energy rose 0.9 percent in April, its largest monthly increase since April 1982. Nearly all major component indexes increased in April. Along with the index for used cars and trucks, the indexes for shelter, airline fares, recreation, motor vehicle insurance, and household furnishings and operations were among the indexes with a large impact on the overall increase. The all items index rose 4.2 percent for the 12 months ending April, a larger increase than the 2.6- percent increase for the period ending March. Similarly, the index for all items less food and energy rose 3.0 percent over the last 12 months, a larger increase than the 1.6-percent rise over the 12 month period ending in March. The energy index rose 25.1 percent over the last 12-months, and the food index increased 2.4 percent. + +&#x200B; + +Don't forget the base rate effect! This month's YOY number is inevitably higher because last April we saw a big bout of deflation. +[https://www.marketwatch.com/story/the-sp-500-is-on-the-verge-of-tumbling-by-the-most-it-has-ever-fallen-on-christmas-eve-2018-12-24](https://www.marketwatch.com/story/the-sp-500-is-on-the-verge-of-tumbling-by-the-most-it-has-ever-fallen-on-christmas-eve-2018-12-24) + +I wonder if anyone here remembers the market 'crash' in December 2018. Pundits blamed the market plunge on Fed hiking rates, the 'china trade war', and fears of economic slowdown. But recall that 1) the market recovered in a V shape days after December ended, without the Fed deciding to reverse course on the rate hike, 2) that the market was unfazed by trade war headlines nearly all year long, and 3) the economic growth data remained incredibly positive and strong. **The December 2018 drop was irrational.** + +This look back at recent history goes to show how irrational markets can be and it is up to us to take advantage. + +For today: + +1. the Fed is NOT raising rates and have said this repeatedly. + +2. the economy is recovering and there is little data suggesting any upcoming slowdown or recession. + +3. The fear now is about the fear of inflation/yields rising. Note that we don't have any data suggesting inflation is permanently here to stay. + +I think there are two solid conclusions: + +1) This is not a bear market happening before our eyes. It's a correction and buying the dip is the likely right move. An overall selloff right now, is irrational, **just like in December 2018**, with the exception of growth stocks that are very overvalued especially in the context of rising yields. + +2) No one can predict how deep this correction goes, but it would be prudent to buy the dip on cyclicals, financials, and growth stocks that are already undervalued + +Please also note that the SP500 is now so heavily weighted to the top market cap growth tech stocks like FANG, that a 10% correction in them will require 90% increase in the bottom 100 stocks of the SP500 to avoid a fall. So the best way to increase your portfolio CAGR may not be to simply buy the dip in the SP500 index, but rather choosing the above sectors or stocks that avoid this weighting. +We don't have any furniture yet but we don't care if we have to sleep on the floor. We can actually cook food now that isn't garbage. No extra fees for our dogs either. The owner is a sweet old woman. I told her how hard it's been on us, she grabbed & hugged me. There are still good people out there who look at you as a person, not just dollar signs. +So I just sold my apple shares, with a good profit. I really like the company, they are doing a lot of things right, I also believe that growth will continue, but at a lower rate. So as a value investor I‘m always in a conflict when selling a good company. But the price was just too high for me. There have been a couple of times when I sold too soon (e.g. tesla, apple previously) but if I can’t really justify the price I‘m getting nervous about my holdings. My questions now are if some of you still buy apple at this price and how you deal in those kind of situations. Thanks in advance. +As someone who is in California, seeing home price in other states makes everything seem super affordable. So I spoke to RE agent in NC and the first thing he told me was that I'd be buying at the top of the market and at a premium so to wait until the market settles. My reaction was ok, "this guy is putting aside a sale to help me" but I'm curious what you think? If the rent market is strong, would it make more sense to buy at a premium now and start collecting rents? I'm asking because the RE agent said that with interest rates increasing, less people can find homes so rent prices go up - - - so this makes me question if it makes sense to be in the market now and not try to time the market. + + +Also, does anyone ever take time to make projections to see if time in the market vs timing the market make sense for the numbers? If so, can you share your protection template? +Hey everyone! I'm new to this sub, but been trading for almost 3 years now. + +Had a great month and figured I'd share some stats, and answer any questions you may have. + +I started the month with a $73K account, built it up to $225K by 6/11 and kept it static there (locking in profit daily) until 6/21. + +After a couple red days I sized down to $75K to secure profits. The market can (and did) go from hot to chop back to hot on a dime, and the last thing I wanted to do after a strong green streak is give too much back. + +I ended the month at $131K, and locked in $319,885.43 in profits (before fees + taxes) - below is a screencap of TraderVue for the June stats. + +https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c + +Overall there was a TON of opportunity in June, and even though I executed fairly well, there was plenty of room to improve. Broadly speaking, here are some of the things I did well: + +* Sizing into winners +* Cutting loses quickly (most of the time) +* Focusing on my bread and butter setups and ignoring the noise +* Not adding to losers + +And here are some things I need to continue to work on: + +* Avoiding frontrunning trades, especially with size +* Not chasing, waiting for clear direction on super volatile names +* Not getting overly aggressive or overtrading choppy days + +I'll provide some samples of both long and short trades that I consider "highlights and lowlights." These are not necessarily best/worst in terms of P/L, but in terms of execution (IMO). + +# Long Lowlights + +$VIRI - closed P/L -$11,391.63 + +This was (by quite a wide margin) my worst trade of the month both in terms of execution and P/L. The daily chart (top) should've made me an extremely cautious bull - popping up after coming down from $17. Nine times out of ten, when you get a pop after a parabolic move, that's all it is and it comes back down. My aim was to scalp a pop coming out of the circuit breaker, but I got filled high and from there it was damage control. I poured gasoline on the fire by trying to average down instead of cutting the loss, and ended up with a big fat red trade. + +TLDR - Shouldn't have chased, shouldn't have scaled heavy into this, should've cut the loss quick, shouldn't have added on dip + +https://preview.redd.it/869j13rolo871.png?width=890&format=png&auto=webp&s=c4095513f76d6da1081ab560d44ceb5e0a48b350 + +https://preview.redd.it/t3yzgpoqlo871.png?width=908&format=png&auto=webp&s=21fc82153c24c84c44251f8329f4dda4b8bd2040 + +$BLIN - closed P/L -$5687.18 + +This was a case of having a direction bias + recency bias, paying attention to the fat green candle and ignoring the ugly red one before it. I got heavy anticipating another pump through HOD despite the chop and got rugged. While some might say "oh you should've held, it went back up," I'd actually say the only positive part of this execution was cutting the trade before the loss got too bad. The thesis failed, and it could've just as easily dumped another $1+ a share. + +https://preview.redd.it/4wsxuvdslo871.png?width=887&format=png&auto=webp&s=c943fda73db74b0f8daa7240f4d8684262e9931d + +# Short Lowlights + +$CLNE - closed P/L -$3248.83 + +The setup was there for a dump - failed breakout down to immediate support, anticipating a break. I have no qualms with \*taking\* this trade, but I got way too stubborn and should've cut the loser sooner. The moment it curled back up should've been the signal to abort, but instead I held thru a $0.40 a share move...and proceeded to have the unwind I was anticipated right after closing the trade + +https://preview.redd.it/9n2dlm7ulo871.png?width=906&format=png&auto=webp&s=98682db42e08b1a5aa17765e0bfb52b08ccf1f21 + +$WPG - closed P/L -$3302.58 + +This was a case of impatience and frontrunning. I was looking for a dump below $5 after coming down from $5.40, but once a mini-bounce started I got jumpy, instead of observing the chart stoically, which had formed a picture perfect head & shoulders pattern right before the dump I wanted. + +https://preview.redd.it/qyym1hiylo871.png?width=889&format=png&auto=webp&s=a8819847d76a582e4edc93c91f35ab3e35327c08 + +$ATHA - closed P/L -$3075.87 + +This is a great example of how to turn a winner into a loser. The massive gap down on the daily (top) gave me a short bias. We had a bounce up from the $9s and I was anticipating a top before further unwind. In reality, after a 50% dump, there's no reason to assume it'll keep dumping so I should've had zero bias. Now, the entry of this trade was perfect. Nailed the triple top, took a bit of profit, and instead of covering where I should've covered, I got greedy and added anticipating a dump below $11.30. Instead, we got a hefty bounce and I tried to get cute with damage control, which only dug the hole deeper. Decent trade idea, but skewed bias and terrible execution. + +https://preview.redd.it/fr1w3stzlo871.png?width=906&format=png&auto=webp&s=39702fc47e98d066c652fbd26572a5bc5b04240f + +https://preview.redd.it/iddnbv31mo871.png?width=924&format=png&auto=webp&s=ecabe436676a278e94cf97587576c4d3fc54564d + +# Long Highlights + +$ORPH - closed P/L $12350.34 + +Second best P/L trade of the month, great execution. Starter size under HOD with a mini cup and handle, then just traded around a core all afternoon. Never got too greedy and took profits all along the way, letting me safely ride through that volatility. + +https://preview.redd.it/rnchz632mo871.png?width=891&format=png&auto=webp&s=38777303fb6bb9061e92f62cbb2696553bc41b27 + +$WISH - closed P/L - $6427.91 + +Rode the blast through HOD from the low 11s, sized in aggressively as the trade confirmed. Didn't overstay my welcome and took profits along the way, all out at first sign of weakness. + +https://preview.redd.it/ng0nxyb3mo871.png?width=889&format=png&auto=webp&s=2bc357a9d2f7e55f9129e16ad327056f0e6595db + +$RAPT - closed P/L $8267.40 + +This name was so good to me that entire day - took several more trades on front and back side. But this trade was the highlight - took a started under HOD 31 and rode it up to 38, taking profit along the way and adding upon confirmation. IIRC I got partial fills on this too. + +https://preview.redd.it/0ywx1kg5mo871.png?width=899&format=png&auto=webp&s=674de1e0a00cf31479d1319e37ee63b0de4d989b + +# Short Highlights + +$ARPE - closed P/L $9887.88 + +Beautiful all day fader. Massive sellers at 7.80, scaled in short at the first sign of weakness. Covered some and held patiently, adding on the VWAP rejection. Could've held a bit longer, but captured the meat of the move. + +https://preview.redd.it/nw0y0sl6mo871.png?width=901&format=png&auto=webp&s=828a004bf685c49151d0edf774fd8b78c1ca9530 + +$UONE - closed P/L $5119.79 + +Had a bear bias based on weak daily chart and was waiting for $20 to break. Got in right when we failed VWAP/support and rode it down 3$ a share, adding on pops. + +https://preview.redd.it/9iindny7mo871.png?width=929&format=png&auto=webp&s=0881c4fc69c38da27a6eaa190a32465553f12612 + +$NOVN - closed P/L $11,314.76 + +Super extended from $14 and each HOD break looked weaker than the last, was looking for first fail to hit this hard. Nailed my starter position with flush after HOD break then added as a head and shoulders formed. Let the trade play out patiently down to the 15's. + +https://preview.redd.it/t1d3p1b9mo871.png?width=931&format=png&auto=webp&s=66878e3743358553fd0c73bfe314531ddb468f86 + +Charts are from TraderVue and my brokers are ThinkOrSwim (TDAmeritrade) and DASTrader (for shorts not available w/ TD). I post pretty regularly on Twitter as well. + +Again, feel free to ask questions! + +Edit: Not Financial Advice +The last few days have seen significant flux in the crypto market. Elon declared an end to the “buy a Tesla with Bitcoin” stunt. Binance landed in deep water with regulators in the US. Coinbase continued to underperform against expectations in the stock market. Most coins and tokens trended down. + +It is interesting how Cardano has flowed through this mess appreciating rather than decreasing in value. This is probably due to two simple things. One, it’s not Bitcoin, so it’s not in the primary spotlight of negative news. Two, it’s got perhaps the most momentum of third generation blockchains, and that makes it an easy hedge for those concerned with point one. + +However, let’s not get ahead of ourselves. ADA is probably overpriced right now, riding on a halo due to low interest capital, crypto hype, and the primary market option floundering. A re-pricing will probably occur, I would suggest alongside ETH, as both have surged far ahead of their internal market growth. By that, I mean ahead of the smart contracts or profitable tokens, or practical global deployments matching the scaling of the token price. + +These are heady times. It is a perfect moment to keep your hat firmly attached, stick to your long term plans, and not get distracted. + +== Additional Note == + +I’m bullish about the long term, but I suspect we will have a jolt in the short term as peak crypto 2021 passes. It’s important to remember than the last time that happened, Cardano went from $1.0085 on January 1st 2018 to $0.1508 on March 26th 2018. In the latter part of the year it was trading in the 2 to 4 cent level with spikes to around 8 cent until April 2020, when it started the current upward trend, significantly accelerating in 2021. I don’t expect as dramatic a repricing this time because the fundamentals have improved. Nevertheless… one should reread the paragraph above if one finds oneself getting too excited. +Some of you may read this and roll your eyes thinking that it’s ignorant to dismiss $1,000,000 as not a lot of money. But I say this with a forward looking perspective! + +As inflation continues eating away at the value of money every year it’s time we face the facts. A million dollars isn’t all that much money anymore! Society has put such significant value on the term “millionaire” but the reality of it is that the term is bound to lose its significance. + +The truth is that anyone in the labor force right now working towards retirement should have their sights set on reaching a million dollars invested. It’s actually turned into the bare minimum requirement if you want to retire happy. + +For those who still view $1,000,000 as unattainable for themselves, it’s time you break it down into an action plan. For example, investing $200 a month for 40 years (assuming a 10% average annual return) in a tax advantaged account like a Roth IRA will make you a millionaire. Doesn’t sound as unachievable now does it? +**Ranting is about to ensue** + + +Hey mods can we get some modding out here? All I see now are shit posts. + + +• "Top 5 coins of 2017 number 5 will shock you." + + +• "OMG guys buy into X super undervalued, low market. + cap, great whitepaper." + + +• "Guys WTF coin X is dropping fucking HODL." + + +• Shitty Lambo memes. + + +• "I'm out guys thanks for the roller coaster I've made 5000000000 dollars on X, Y, and Z." + + +Isn't this sub supposed to be about the technology and talking about, I don't know, the actually fucking markets? I understand that alot of noobs are jumping on the crypto hype but please keep your shitty memes to yourselves we don't have many subs this big about coins as a whole w/o censorship. + + +Mods please freaking mod ok. I've your having trouble controlling it all maybe open up some mod applications. At the very least raise the posting/commenting age and karma requirements. + + +^sorry ^I'm ^naturally ^salty ^as ^fuck. + + +Edit: I'd like to thank the mods for reaching out and taking all of our feedback. + +A couple more things and rule proposals. + +• Stop spamming your referral codes this isn't the place and no one is going to use it. + +• Cut it out with the low effort posts one one wants to rate your portfolio no one cares. + +• No more shit ICO's you know what mean the ones that are obviously spam + +• No more clickbaity BuzzFeed like shit. "Top 10 coins of 2017" + +I've talked to a mod and hopefully they are planning on implementing some new rules and allowing the community to vote on them as this sub continues to grow. + +^anyway ^thanks ^for ^listening ^to ^my ^annoying ^rant + + +There's a professor at NYU named Aswath Damodaran who teaches a valuation course to MBAs. He estimates the cost of equity, cost of capital, cost of debt, even the beta. Then he assigns these values into a DCF model that's either supposed to represent free cash flow to the firm or free cash flow to equity. These values can be used to find a target price for some underlying stock. I'm wondering, does anyone who's not an MBA use valuation to this degree? Or do most retail investors just use the Ben Graham approach as far as valuation is concerned? +I've seen many articles recently about low income wages being raised, but I have not heard many white collar workers talk about getting similar salary increases. Do you feel that the income disparity between middle and lower class will shrink as lower income workers purchasing power increases and middle class purchasing power decreases? I see tons of professional jobs offering not much over some of the new hourly wages being offered. Will this lead to fewer people going through the effort to acquire professional training / certification since the rewards will not be as significant monetarily? +Hopefully you guys didn't get lured in by the sweet siren song of 'free money' on selling TWTR puts. Since Elon's $54.2 offer I saw a lot of posts questioning why one wouldn't go all in selling puts on the stock since one essentially couldn't lose. + +Unfortunately this appears to be another lesson in there being no such thing as a free lunch in the markets. +Introduction + +You might have heard the phrase ‘Don’t put all your eggs in one basket’. But investing in too many Mutual Funds can do more harm than good. Most mutual funds hold 30-40 stocks which is already pretty diversified. + + +You should invest your money where you are comfortable and have a complete understanding of what you are investing in and keep a close track on that. + +### 1. False Sense of Diversification + +Having multiple funds under same category of funds does not help in diversification. +For example, there is little reason for investing 2-3 Large Cap Equity funds since there is going to be a big overlap (Overlap is when multiple funds invest in the same company). + +Let us take an example to illustrate the point by comparing UTI Nifty Index Fund with Axis Bluechip Fund which is a Large Cap funds with one of the highest AUMs. To get an accurate figure for overlap between funds, we can use tools like [finzipp](https://analytics.finzipp.com/Itools/Widgets/PortfolioOverlap) +This shows us that there is a 64% overlap between the two funds. +SO although you might think that investing in these might diversify your investments it is not an actual diversification. + +### 2. Higher Expense Ratios + +When you have multiple funds, your average expense will be higher than when you just pick one fund with a low expense ratio. + +Let us say a person invests in 3 Equity Large Cap Funds: + +1. SBI Blue Chip Fund – 30% +2. Axis Blue Chip Fund – 30% +3. UTI Nifty Index Fund – 40% + +The average Expense ratio of this portfolio is 0.516%. If that person picks either Axis Blue Chip Fund (TER – 0.49%) or UTI Nifty Index Fund (TER – 0.18%) he/she would have to bear lower expense ratio. +This can apply to Funds across various categories as well. When you add many funds, you tend to increase the overall average expense ratio. + +### 3. Psychological Aspect + +The key to building a portfolio is investing consistently. If you have many funds in your portfolio then you might observe that some of them outperform the others and might get tempted to invest only in them and/or redeem from the other funds. We all tend to forget that ‘past returns do not indicate future performance’ and will try to ‘time the market’ which mostly results in losses. +Therefore, investing in a limited number of funds will help you be more consistent in the long run. + +### 4. Difficult to track + +If one is having a portfolio of 30-40, tracking the transactions will be a huge challenge and tax liability also will come if you switch. + +### 5. AMC Risk + +Many people are afraid of putting all their money with a single AMC considering the risk of closure of that fund house. But nothing to fret since something like this does not happen overnight and if you are keeping a close watch (see point 4), then you will realize the probability of this risk realizing. There are systems also in place by SEBI also to safeguard investor’s money. +Part 3 of GME Thread. Here's the [first thread](https://www.reddit.com/r/wallstreetbets/comments/l5c0nr/the_gme_thread_part_1_for_january_26_2021/) and the [second thread](https://www.reddit.com/r/wallstreetbets/comments/l5jtj4/the_gme_thread_part_2_for_january_26_2021) from today. You can view WSB Stats [here](http://wsb.gold/public/dashboard/e65fcfcb-70a4-4d86-b7fb-888057c67881). + +Remember - **follow the rules located on the sidebar**. To all new people - we don't discuss tickers with a market cap below $1B. + +BREAKING: [Elon Musk just tweeted us](https://mobile.twitter.com/elonmusk/status/1354174279894642703) +In recent weeks, I've come to the conclusion that ***risk adjusted, it is likely going to be very difficult to outpace ETH for growth potential over the next year.*** As a result, I've dramatically curbed my exposure to ERC-20's and other tokens, which was at ~15% before and is now down to 2%. + +***Why?*** + +2018 will undoubtedly be a year of growth for small cap and mid cap tokens, but it won't be consistent across them- there will be winners and losers, and lots of risk. But I believe **2018 could be tremendous year for the growth of larger cap coins with established network effects.** People getting into the market may want to dabble in the smaller coins as they get their feet wet, but many will want to stick with tried and tested coins with real use and track records (e.g., ETH and BTC). Many smaller coins right now offer purely speculative value, with uncertain track records and little to nothing to show in terms of working blockchains. And coins that already have fiat on-ramps (or will get them in the next 2 months) will have a big advantage over everything else. + +Also, the **introduction of futures** (possibly even physically settled) for ETH could be a game changer. Where BTC futures price discovery has stabilized the price, I believe that ETH futures could actually take the price higher- both before and after they launch, as many believe that ETH is undervalued versus other coins in the market. Just take a look at the tone of mainstream media coverage around ETH so far. Many are suspicious of BTC's value, but are inquisitive about ETH's. I'll be keeping an eye on how this dynamic plays out in early 2018. + +Initial **Proof of Stake** implementation is also expected in 2018. This will have the effect of locking up vast quantities of ETH and will also introduce the concept of a "dividend-paying" token for mainstream and Wall Street investors. I think the price effect from this could be absolutely staggering. I don't want to make wild numerical predictions, but what happens when you take a commodity that is essential to the operation of a growing digital economy and you all of a sudden make it significantly more scarce? **The price goes up, way up.** + +Finally, ETH represents not just a digital "currency" (read asset), but also a **foundational protocol layer**; and one of the few in this space that are actually being used and will likely see dramatically increased usage in 2018. ERC-20 and EEA projects will accelerate and start to deliver tangible results. And new value being collateralized on-chain via ERC-721 tokens (like the Kitties) will also help to create a very durable network effect (i.e., once you have things of value on one chain, beyond the easily tradable ETH currency, you are more invested in wanting to see the overall chain succeed). + +Sure, ***there are risks for ETH, too.*** + +How quickly **scaling solutions** can be deployed is one, but I think people are willing to wait for scaling. Ethereum has a solid roadmap for this, with incremental solutions hitting over the next 1 to 3 years. In the meantime, it's quite possible transaction costs will go up, due to increased network demand, but this could have a beneficial side effect in the short term. Ethereum will continue to be used for important, "higher economic value" transactions- cementing its foothold in this market. And as scaling solutions come online, fees will drop, and provide cheaper and slightly less secure options via L2. No one wants for Ethereum to become an expensive to use blockchain, but the reality is the main net may not be cheap as it is now forever, unless it can scale to near infinite capacity with quadratic sharding. This is just a reality of blockchains and economics. Extreme security may one day need to come at a price. + +**New entrants** are another risk, but I also believe that this will not be a significant detractor to Ethereum's growth during 2018. While many of them may gain in speculative value, very few will be able to deliver a network as strong as Ethereum's in 2018 and possibly even 2019. During that time, the **Ethereum network effect** will grow dramatically. Ethereum is on the cusp of entering the zeitgeist, with mass mainstream awareness about the platform that will occur over the next 2 years. It would not surprise me at all if Ethereum became a platform that many mainstream people see as "cool" during 2018 (think Apple versus Microsoft / IBM). Especially with more Kitties / Puppies coming imminently and Toshi (mobile network browser for Ethereum) becoming more useful. + +***TL;DR: Bullish AF. Buy other tokens with caution, unless you are doing it to have diversification in your portfolio. Really consider if they can beat ETH's growth potential in 2018.*** +Mental illness is a silent battle for 10% of the world's population. It has touched almost every person on earth, including us crypto traders, and yet it's something we still never talk about. Why? + +**HappyCoin** is here to change that. With 5% of all transactions distributed to all holders, **the charity wallet** set aside by the developers is bound to become the top holder, accumulate and **donate to a new mental health organization every Friday**. + +The lead **developer doxxed** himself and **donated $20k to a charity** in a [very emotional stream](https://www.twitch.tv/videos/998345263) yesterday. + +With these tokenomics and use-case, this coin can pump to insane numbers just like other coins did, it’s only 4 days old and we’re EARLY. + +Check it out and remember to DYOR. + +**Website**: [https://www.thehappycoin.co/](https://www.thehappycoin.co/) + +**Pancakeswap**: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +**Chart**: [https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +**Telegram**: [https://t.me/happy\_coinTG](https://t.me/happy_coinTG) +First of all, control yourselves. This isn't confirmation bias. I'm probably wrong. Treat what i have below as such and keep expectations low. Don't fomo into weekly contracts or plan to trade based on what i'm about to say. I'm not a financial advisor and this is not financial advice. + +\---------- + +***Seriously, don't get excited and don't hype this. We don't know anything, this is a theory, nothing more.*** + +***I have 0 concrete data on any of what i'm about to write.*** + +\---------- + +EDIT: A user mentioned that today's missing Volume might be due to a technical issue. More [here](https://www.reddit.com/r/Superstonk/comments/n5u3bm/cta_processing_issue_resolved_update_417_pm/?utm_medium=android_app&utm_source=share) and [here](https://www.reddit.com/r/Superstonk/comments/n5t2fi/disappearing_1m_volume_mystery_solved/?utm_medium=android_app&utm_source=share). I speculated that today's missing volume were cancelled trades due to someone getting margin called. IF this is the issue, then perhaps my DD is dogshit and maybe don't read it. Up to you. + +&#x200B; + +# Kudos to whom deserves it. + +First of all, kudos and attribution to the person who came up with the idea. [u/AOCsquad126](https://www.reddit.com/user/AOCsquad126/) + +[https://www.reddit.com/r/Superstonk/comments/n27l05/i\_may\_have\_just\_figured\_out\_the\_margin\_call/](https://www.reddit.com/r/Superstonk/comments/n27l05/i_may_have_just_figured_out_the_margin_call/) + +When i read this, i almost shat myself. I like patterns and stuff like that and i instantly loved what this ape theorized as it looks (to me) to be legit. Please read his DD first before continuing it's vital to understanding what i'm about to write next. Attribute awards and stuff like that to him, not me. + +&#x200B; + +# Ok, ready? + +I think he's right. I think that everyday that does pass, "they" (i don't know who they are) are losing on average $4.80 off their GME "ceiling". Basically he theorized that he almost perfectly calculated at what price the Market Makers and friends are to be margin called. I think he hit the jackpot. + +Again, calm your mammaries. We won't know if this is true until it happens. Calm down. Don't forget that HOLDING through bullshit dates and theories is the way. Just buy and HOLD. + +&#x200B; + +# So here's the "data" + +***It's fucking raw*** + +&#x200B; + +*Legend* + +* **Linear Margin Call Trigger Price:** This is the theoretical price at which "they" (the baddies) get margin called. It goes -$4.80 dollars per day because they are bleeding. +* **Peak For The Day:** Pretty much the all time high for that day. (Data from tradingview premium subscription+feeds) +* **Closing Price:** Pretty much the price at which the market closed for GME for that day. Easy. +* **Diff from Trigger (Peak):** The formula for this is (Peak for the day - LMCTP) +* **Diff from Trigger (Close):** The formula for this is (Closing Price - LMCTP) + +&#x200B; + +https://preview.redd.it/bhxtx831vdx61.png?width=1296&format=png&auto=webp&s=8b91abdf7b1728188bfe1a60daba56c52db27272 + +Yeah i know, it looks like shit and you don't understand. Don't worry, i'll explain here and below what you're looking at. + +**ELIA:** Scroll up, you'll notice that the 2 last columns, the ones named "Diff from Trigger (Peak)" and "Diff from Trigger (Close)". Also keep the "Peak for the Day" in mind. + +Notice that as time moves forwards, the "Diff from Trigger (Peak) and (Close) get closer to 0. The idea is that once that number reaches 0 or ABOVE (+), they are margin called. + +**This is important as fuck. Don't forget this.** + +&#x200B; + +# When did they almost get margin called? + +Welp, go up and look at the data. Look at the 3 following dates and i'm 10000% sure you remember at least 2 out of 3. + +1. January 28 (The day they cheated) +2. March 10 (The day we saw the $100 dollar drop whipsaw movement in 10 minutes) + +Go up and look at these dates. Come on... i'll wait. What do you see? What's the Diff from Trigger values? What's that? They're positive? But that would mean... yes. They almost got margin called. + +This perfectly explains January 28 and March 10. + +***"bUt WaIt, YoU sAiD tHeRe'S 3 DaTeS"*** + +April 29 - May 5, take a look at those. I'll wait here. + +Yep, also "almost margin called". But wait, this has gone on for 3 days now and the price hasn't dropped like it did the last 2 times. + +What else did we see today? **WHAT'S THAT? SOME VOLUME DISAPPEARED FROM THE GME CHARTS????** + +**I think they got margin called. I think their orders for today got cancelled. That's what we're seeing.** + +THIS IS A THEORY THEORY THEORY THEORY. Don't perpetuate it. + +&#x200B; + +&#x200B; + +# DON'T FUCKING DANCE (Yet) + +Here's the data above, visualized. (kek, you're welcome, i made you look at punk ass raw data first lmao). + +\--------- + +**The blue line is important.** This is where they supposedly get margin called. This line is lava, you touch it you die. + +**Green and Purple.** These are important too. If they touch 0 or go above it, game over, call an ambulance (for them). + +**Yellow and Red.** If these touch the blue line or go above it, it's game over (for them). + +\--------- + +Now... LOOK AT IT. + +**January 28, we booped all the lines, they panicked and cheated.** + +https://preview.redd.it/z8qg4kjlwdx61.png?width=1623&format=png&auto=webp&s=34dc24e9dac4c3f3a5ff9edf5b46395b63992874 + +&#x200B; + +**March 10 - The day GME did a whipsaw and dropped $100 dollars in 10 minutes.** + +https://preview.redd.it/v1j0ydccxdx61.png?width=1625&format=png&auto=webp&s=626e0891d32348826e41fc01060512909bc719c2 + +**April 29 - May 5 - The day... wait what?** + +https://preview.redd.it/5mp8920ixdx61.png?width=1627&format=png&auto=webp&s=d635d87f1f39724620f68e485f013e149eb8ce4d + +Yep that's right gentlemen. The lines touched each other ;) + +What's more... the price didn't dip like it did before. Is this it? + +CALM YOUR TATAS PLEASE. I know that some of you are jaqued to the le tit, but please calm down. DON'T HYPE. + +&#x200B; + +**THIS IS THEORETICAL.** + +**I do not have access to Citadel's or Melvinators or anyone's office data to verify that they truly get margin called above this THEORETICAL price. DO NOT HYPE DATES. DO NOT. Let's sit back ad we always have, do our DD and watch things happen.** + +Nothing's changed. We haven't won. We will win when we win if we win. Continue your DD, don't get any hopes up, none. Just keep this in mind, and let's see what happens. + +&#x200B; + +# Now what would happen after this "Margin Call" + +Welp, if they have truly been margin called, today, then... If this is an Archegos type blowout, we could expect the first domino (MM or HF) to drop in UP TO T+35 days from now. Once the first domino drops, the rest will follow. + +&#x200B; + +MARKET MAKERS HAVE A T+35 DAYS PRIVILEDGE TO DELIVER FTDs (SHARES THAT FAILED TO DELIVER) + +HEDGE FUNDS ONLY HAVE UP TO T+6 + +IF CITADEL IF IF IF THEY GOT MARGIN CALLED, THIS COULD GO ALL THE WAY OUT TO T+35 + +T+35 CALENDAR DAYS [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm) (Search for "35" ) + +~~T+35 FROM TODAY IS JUNE 24 NOT JUNE 9 :D~~ + +I'm unable to find the provision that indicates when and how long it takes to resolve a margin call. If an ape can direct me there that'd be great otherwise i'll find it myself. + +&#x200B; + +**(BIG ASSUMPTION about Archegos here, we don't know if Archegos shorted GME)** Once the first HF or MM gets margin called, you will NOT hear about it. Archegos got margin called sometime in February as far as i'm aware and is likely why we ran up to $276. When did we hear about Archegos? Yes that's right, around over a month later. + +The same will happen here. If someone has fallen, we will not know for another T+35 days max. But once we do know someone has fallen in T+35, then this DD is verified and we perhaps win, let's see. We're either going to be in a controlled uncoil and recoil FTD squeeze or a stupid massive squeeze to high heavens. Nobody knows. Have a floor (not a ceiling). + +Also they can't issue new bonds (or can they) because only AA2 bonds or above are now accepted as investment grade collateral. (Shamelessly stolen by that DD we saw this week about bonds by a man who's username i don't remember & another ape who reminded me of this) + +Thank you. And once again, please no hype, no reposting, do not hype this and then when nothing happens you'll have a bad day because GME didn't make you rich bois. Continue with your life and if things happen, they'll happen. + +Thank you. Here's the raw data for the charts and the theory. [https://pastebin.com/fNPmDNBe](https://pastebin.com/fNPmDNBe) + +Again please take a look at [u/AOCsquad126](https://www.reddit.com/user/AOCsquad126/) who came up with the idea initially. I just built a bit upon it. We've talked and he's aware i'm posting this. + +**EDIT: An ape in the comments said that a Citadel Executive of 16 years stepped down today. Article below. CONFIRMATION BIAS TO THE MAX. I'm JAQ LE TIT** + +[https://www.pionline.com/money-management/head-citadels-surveyor-capital-steps-down](https://www.pionline.com/money-management/head-citadels-surveyor-capital-steps-down) + +&#x200B; + +# EDIT: Please if you're going to talk about this. Make sure you're informing everyone that you're talking about a THEORY. Make sure your audience is well informed and don't deceive them. + +Just buy and HOLD. It's the only true way. Don't base your trades on dates and bs. + +\------------ + +**tldr: I believe they just ran out of money and have gotten margin called based on some numbers that are theory and have no basis in reality.** + +**tldr tldr: Maybe, maybe not.** +Curious what the peanut gallery thinks. Is this de facto property appropriation by capping owner rental income increases (as expenses inflate)? Not uncommon for an Oakland apartment owner to have a $2000 market rate unit renting for just $1000 due to having a long-term tenant in a rent controlled unit. Oakland’s anti-landlord politicians, will now only allow a $30 monthly rent increase on this unit. + +CPI Announcement Update: The Oakland City Council has adopted an amendment to change the formula used to calculate the annual allowable rent increase to 60% of the change in CPI, or 3%, whichever is lower. Effective August 1, 2022, the new maximum annual CPI rent increase is 3%. +My wife and I are both in our mid-60's and living in a shabby $1.200 month apartment with an aging car. We have been living on $4000 in soc. sec. each month. Now we are about to receive close to $1.5 million after taxes, (lawsuit settlement and inheritance). We are excited but fearful because neither of us has ever had any money before. So many decisions. We would like to move to a nicer place and get a new car. But how much should we pay? Is $4000 a month in rent unrealistic now? How about it a new SUV for $40,000? We also want to be financially comfortable for the remainder of our lives. Can anyone please offer some fundamental advice or tips? We live in Southern California about 30 miles East of Los Angeles. Asking advice from friends or family, would likely create conflict. +27 year old here - I used to have really bad money habits and have made several mistakes financially (especially during my early twenties). Luckily I have learnt a lot more about money to know not to make those same mistakes again. Just curious about what kinds of money mistakes you’ve made before. +(Warren Buffett - Berkshire Hathaway's largest portfolio holding) + +Well written article that details Apple's challenges in changing their manufacturing and supply chains. Long term, I'm expecting this to result in additional price increases for iPhones, above those related to global inflation. + +&#x200B; + +The iPhone maker is looking to diversify the supply chain that has powered its growth + +&#x200B; + +By Yang Jie and Aaron Tilley + +Dec. 3, 2022 12:00 am ET + +&#x200B; + +In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, they say, and looking to reduce dependence on Taiwanese assemblers led by Foxconn Technology Group. + +&#x200B; + +Turmoil at a place called iPhone City helped propel Apple’s shift. At the giant city-within-a-city in Zhengzhou, China, as many as 300,000 workers work at a factory run by Foxconn to make iPhones and other Apple products. At one point, it alone made about 85% of the Pro lineup of iPhones, according to market-research firm Counterpoint Research. + +&#x200B; + +The Zhengzhou factory was convulsed in late November by violent protests. In videos posted online, workers upset about wages and Covid-19 restrictions could be seen throwing items and shouting “Stand up for your rights!” Riot police were present, the videos show. The location of one of the videos was verified by the news agency and video-verification service Storyful. The Wall Street Journal corroborated events shown in the videos with workers at the site. + +&#x200B; + +Coming after a year of events that weakened China’s status as a stable manufacturing center, the upheaval means Apple no longer feels comfortable having so much of its business tied up in one place, according to analysts and people in the Apple supply chain. + +&#x200B; + +“In the past, people didn’t pay attention to concentration risks,” said Alan Yeung, a former U.S. executive for Foxconn. “Free trade was the norm and things were very predictable. Now we’ve entered a new world.” + +&#x200B; + +One response, say the people involved in Apple’s supply chain, is to draw from a bigger pool of assemblers—even if those companies are themselves based in China. Two Chinese companies that are in line to get more Apple business, they say, are Luxshare Precision Industry Co. and Wingtech Technology Co. + +&#x200B; + +On calls with investors earlier this year, Luxshare executives said some consumer-electronics clients, which they didn’t name, were worried about Chinese supply-chain snafus caused by Covid-19 prevention measures, power shortages and other issues. They said these clients wanted Luxshare to help them do more work outside China. + +&#x200B; + +The executives referred to what is known as new product introduction, or NPI, when Apple assigns teams to work with contractors in translating its product blueprints and prototypes into a detailed manufacturing plan. + +&#x200B; + +It is the guts of what it takes to actually build hundreds of millions of gadgets, and an area where China, with its concentration of production engineers and suppliers, has excelled. + +&#x200B; + +Apple has told its manufacturing partners that it wants them to start trying to do more of this work outside of China, according to people involved in the discussions. Unless places such as India and Vietnam can do NPI too, they will remain stuck playing second fiddle, say supply-chain specialists. However, the slowing global economy and slowing hiring at Apple have made it hard for the tech giant to allocate personnel for NPI work with new suppliers and new countries, said some of the people in the discussions. + +&#x200B; + +Apple and China have spent decades tying themselves together in a relationship that, until now, has mostly been mutually beneficial. Change won’t come overnight. Apple still puts out new iPhone models every year, alongside steady updates of its iPads, laptops and other products. It must keep flying the plane while replacing an engine. + +&#x200B; + +“Finding all the pieces to build at the scale Apple needs is not easy,” said Kate Whitehead, a former Apple operations manager who now owns her own supply-chain consulting firm. + +&#x200B; + +Yet the transition is under way, driven by two causes that are feeding on each other to threaten China’s historic economic strength. Some Chinese youth are no longer eager to work for modest wages assembling electronics for the affluent. They are seething in part because of Beijing’s heavy-handed Covid-19 approach, itself a concern for Apple and many other Western companies. Three years after Covid-19 started circulating, China is still trying to crush outbreaks with measures such as quarantines, as many other countries have returned to prepandemic norms. + +&#x200B; + +Protests in Chinese cities over the past week, during which some demonstrators called for the ouster of President Xi Jinping, suggested criticism over Covid-19 restrictions could build into a larger movement against the government. + +&#x200B; + +All this comes on top of more than five years of heightened U.S.-China military and economic tensions under the Trump and Biden administrations over China’s rapidly expanding military footprint and U.S. tariffs on Chinese goods, among other disputes. + +&#x200B; + +Apple’s longer-term goal is to ship 40% to 45% of iPhones from India, compared with a single-digit percentage currently, according to Ming-chi Kuo, an analyst at TF International Securities who follows the supply chain. Suppliers say Vietnam is expected to shoulder more of the manufacturing for other Apple products such as AirPods, smartwatches and laptops. + +&#x200B; + +For now, consumers doing Christmas shopping are stuck with some of the longest wait times for high-end iPhones in the product’s 15-year history, stretching until after Christmas. Apple issued a rare midquarter warning in November that shipments of the Pro models would be hurt by Covid-19 restrictions at the Zhengzhou facility. + +&#x200B; + +In November, as the worker protests in the facility grew, Apple issued a statement assuring it was on the ground looking to resolve the issue. “We are reviewing the situation and working closely with Foxconn to ensure their employees’ concerns are addressed,” a spokesman said at the time. + +&#x200B; + +The risk of too much concentration in China has long been known to Apple executives, yet for years they did little to lessen it. China supplied a literate and diligent workforce, political stability and a huge local market for Apple’s products. + +&#x200B; + +Taiwan-based Foxconn, under founder Terry Gou, became an essential link between Apple in California and the Chinese assembly plants where iPhones get put together. Foxconn managers share a language and cultural background with mainland workers. Pegatron Corp., another Taiwan-based contractor, has played a smaller but similar role. + +&#x200B; + +And both the government in Beijing and local governments in places such as Henan province, home to the Zhengzhou plant, have enthusiastically supported Apple’s business, seeing it as an engine of jobs and growth. + +&#x200B; + +Even now, when ever-harsher anti-American rhetoric flows each day from Beijing over issues such as Taiwan and human rights, that backing remains strong. + +&#x200B; + +People’s Daily, the mouthpiece of the Chinese Communist Party, hailed the Apple production site in a Nov. 20 video, saying it accounted directly or indirectly for more than a million local jobs. Foxconn shipped about $32 billion in products overseas from Zhengzhou in 2019, according to a Chinese government-linked think tank. All told, the Foxconn group accounted for 3.9% of China’s exports in 2021, according to the company. + +&#x200B; + +“The government’s timely assistance…continuously provides a sense of certainty for multinational companies like Apple, as well as for the world’s supply chain,” the People’s Daily video said. + +&#x200B; + +Yet such words ring hollow to many U.S. businesses in light of stringent anti-Covid measures by the government that have hampered production and roused worker unrest. A survey by the U.S.-China Business Council this year found American companies’ confidence in China has fallen to a record low, with about a quarter of respondents saying they have at least temporarily moved parts of their supply chain out of China over the past year. + +&#x200B; + +To keep operating during government Covid-19 measures, the Zhengzhou factory is among those compelled to adopt a system in which workers stay on-site and contact with the outside world is limited to the bare minimum to keep the goods flowing. Foxconn has sealed smoking areas, switched off vending machines and closed dining halls in favor of carryout meals that workers bring back to their dormitories, often a half-hour walk away, workers said. + +&#x200B; + +Many have escaped, jumping fences and walking along empty highways to get back to their hometowns. In November, the pandemic policies and pay disputes further fueled workers’ grievances. Some clashed with police at the site and left smashed glass doors. + +&#x200B; + +Many of those abandoning the factory were young people who said on social media that they decided wages equivalent to $5 or less an hour weren’t enough to compensate for tedious production work, exacerbated by Covid-19 restrictions. + +“It’s better for us to skate by at home than to be sucked dry by capitalists,” one person who identified herself as a departed Foxconn worker posted on her social-media account after the protests. + +&#x200B; + +Asked for comment, a Foxconn spokesman referred to earlier statements in which the company blamed a computer error for some of the pay issues raised by new hires. It said it guaranteed recruits would be paid what was promised in recruitment ads. The spokesman declined to comment further. + +&#x200B; + +China’s Covid-19 policy “has been an absolute gut punch to Apple’s supply chain,” said Wedbush Securities analyst Daniel Ives. “This last month in China has been the straw that broke the camel’s back for Apple in China.” + +&#x200B; + +Mr. Kuo, the supply-chain analyst, said iPhone shipments in the fourth quarter of this year were likely to reach around 70 million to 75 million units, which he said was around 10 million fewer than market projections before the Zhengzhou turmoil. The top-of-the-line iPhone 14 Pro and Pro Max models have been particularly hard-hit, he said. + +&#x200B; + +Accounts vary about how many workers are missing from the Zhengzhou factory, with estimates ranging from the thousands to the tens of thousands. Mr. Kuo said it was running at about 20% capacity in November, a figure expected to improve to 30% to 40% in December. One positive sign came Wednesday, when the local government in Zhengzhou lifted lockdown restrictions. + +&#x200B; + +One Foxconn manager said hundreds of workers were mobilized to move machinery and components by truck and plane nearly 1,000 miles from Zhengzhou in central China to Shenzhen in the south, where Foxconn has its other main factories in China. The Shenzhen factories have made up some, but not all, of the production gap. + +&#x200B; + +Meanwhile, Foxconn is offering money to get workers to come back and stay for a while. One of its offers is a bonus of up to $1,800 for January to full-time workers in Zhengzhou who joined at the start of November or earlier. Those who wanted to quit have gotten $1,400. + +&#x200B; + +India and Vietnam have their own challenges. + +&#x200B; + +Dan Panzica, a former Foxconn executive who now advises companies on supply-chain issues, said Vietnam’s manufacturing was growing quickly but was short of workers. The country has just under 100 million people, less than a 10th of China’s population. It can handle 60,000-person manufacturing sites but not places such as Zhengzhou that reach into the hundreds of thousands, he said. + +&#x200B; + +“They’re not doing high-end phones in India and Vietnam,” said Mr. Panzica. “No other places can do them.” + +&#x200B; + +India has a population nearly the size of China’s but not the same level of governmental coordination. Apple has found it hard to navigate India because each state is run differently and regional governments saddle the company with obligations before letting it build products there. + +&#x200B; + +“India is the Wild West in terms of consistent rules and getting stuff in and out,” said Mr. Panzica. + +&#x200B; + +The U.S. embassies of India and Vietnam didn’t respond to requests for comment. + +&#x200B; + +Nonetheless, “Apple is going to have to find multiple places to replace iPhone City,” Mr. Panzica said. “They’re going to have to spread it around and make more villages instead of big cities.” + +&#x200B; + +—Selina Cheng contributed to this article. +Good morning San Diago, + +I am Rensole, + +Everyone subscribed to Kenny G's onlyfans? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/y9dhbbs0spr61.png?width=680&format=png&auto=webp&s=11ae2a14c5d98e0323ec2186a4968d1d7fae3eef + +None of this is financial advice + +# Bloomberg terminals + +First all thank you to u/ /u/ShortaSqueezzzGoBRRR for posting an amazing write up [here](https://www.reddit.com/r/Superstonk/comments/ml9faf/how_to_read_the_bloomberg_terminal_by_smooth/) + +I think it's important enough that everyone should take a look at it. + +Why? because the more knowledge one has the better prepared one is, and well we all use a version of the bloomberg terminal on a daily basis, the only difference is they have a shiny sleek 1982 version, and we use a bootstrapped version across several different websites. + +for example: + +[https://gme.crazyawesomecompany.com/](https://gme.crazyawesomecompany.com/) + +[https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME) + +[https://finviz.com/map.ashx?t=sec\_all&st=ps](https://finviz.com/map.ashx?t=sec_all&st=ps) + +[https://www.nasdaq.com/market-activity/stocks/gme/pre-market](https://www.nasdaq.com/market-activity/stocks/gme/pre-market) + +[https://swaggystocks.com/dashboard/options-max-pain/GME](https://swaggystocks.com/dashboard/options-max-pain/GME) + +Those sites (and more) give us the same sort of information but the difference is simple, we don't know how to read, so once you learn how to it's easy to discern how much volume has gone through, what those weird % thingies are and mean and so on, so I'd advise checking it out and try to make a wrinkle. + +&#x200B; + +https://preview.redd.it/p32aos7ttpr61.png?width=924&format=png&auto=webp&s=5e8b1581afbb0fc0fbb47d81853f7b5ccc5bfeba + +# Deep ITM calls + +First all thank you to u/Dan_Bren for posting an amazing write up [here](https://www.reddit.com/r/GME/comments/ml2sv4/hedgies_did_not_buy_deep_inthemoney_calls_today/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Since the beginning we have seen Citadel and other parties hide their FTD data in deep ITM calls, but yesterday that seemed to have changed as can be seen [here](https://www.reddit.com/r/GME/comments/ml2sv4/hedgies_did_not_buy_deep_inthemoney_calls_today/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +The thing is the DTCC passed a new rule yesterday to be effective immediately (Yes the SEC has 60 days to veto this but as it stands right now, the rule is effective upon filing), this means that the 005 ruling stands until recalled or amended. it could be that the 005 rule has nothing to do with it, but we would need to investigate how and what it does, also if this was not the cause, what was? + +This is also fun due to the fact that we only barely broke 6m in volume yesterday, which is LOOOOOOW + +Also the new rulings of the DTCC could have in theory have nothing to do with GME specifically but they are certainly worth looking at, not because of the gme business but because by looking at the rulings it could give us a good indication how business was done, or will be done from now on. as these rulings affect the entire market it's still good to stay on top of it. + +&#x200B; + +https://preview.redd.it/mk67n3t1vpr61.png?width=640&format=png&auto=webp&s=5c08ef75c2188744d91a9113edbc48370ecb9e90 + +# The art of war + +&#x200B; + +https://reddit.com/link/mlyiax/video/9newwv470qr61/player + +*By discovering the enemy's dispositions and remaining invisible ourselves, we can keep our forces concentrated, while the enemy's must be divided. -Sun Tzu* + +So what does that mean? ah my sweet summer chimp let me explain. + +Even though our subs seem to be divided they are not, apes just have an extra tree to call home in case some trees get cut down, we are still one big community, and we all still have the same goals, Get some sweet dip and hold till the Tendyman comes. + +So no infighting, no attacking other subs mods, lets keep moving forward and lets be a big happy ape family. + +Cross post as much as you want to both places, this so that we can still get the best information possible available as much as we can. + +Also funny is Houston Wade talking about the art of war [here](https://youtu.be/B7bBJlXPy9A) + +Normally when the price goes up you buy in, but when it goes down people panic sell, but these guys they just go... ok and they buy up all those shares and these hedgefunds don't have any tactic against this because this is not normal market behavior. + +\^this is the definition of insanity, and when your opponent is so fucking crazy they do all the shit that no normal one would do it demoralizes the other side. + +for example in the middle ages there was a tactic of sending the dead soldiers back over the wall to demoralize the castle, now normally people would panic and the winning side would just wait them out. + +Now imagine if they did that but the castle side didn't get demoralized, they would dress them up or treat them like passed out drunk buddies... the attacking side would be... nah fuck that those guys are fucking crazy I'm not going in there. + +And that's the situation we find ourselves in, we don't adhere to normal market mechanics or ideology we do it the ape way, and they have never dealt with idiots on our level before + +*Mark Twain — 'Never argue with an idiot. They will drag you down to their level and beat you with experience.'* + +[https://www.youtube.com/watch?v=B7bBJlXPy9A&ab\_channel=TheJist](https://www.youtube.com/watch?v=B7bBJlXPy9A&ab_channel=TheJist) + +&#x200B; + +&#x200B; + +https://preview.redd.it/mvvu34bixpr61.png?width=640&format=png&auto=webp&s=ad097a66faf8147a68081be643110c6ca5b7fba5 + +# Seinfeld voice but WHY is the borrow rate so low? + +u/Scalpel_Jockey9965 did an awesome writeup [here](https://www.reddit.com/r/Superstonk/comments/mkl9l1/why_the_short_borrowing_rate_is_so_low_and_why_we/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It goes into the "why the fuck is the borrow rate so low?" question and he's raised a very good point. + +Last year the interest price was high for borrowable shares (between 50% and 22% at it lowest) that means there was good decent money to be made to keeping them lent out, but this year its different.Blackrock has been backing RC since the start of Chewy, so they want to have our boy's back when the shareholders meeting comes around, because well... either Chairman of the board (which is higher then CEO) or CEO positions may be up for grabs this year. Last year around this time Citadel was right, GME was a dying company which was prolonging the inevitable, but since RC stepped in that entire script has flipped and this has now switched from a losing battle to an underdog story. + +So having the borrowable shares interest low is a good thing, because it's less incentive for people to keep them lent out. + +tldr; Last year gme was fuk, this year gme fucks. + +&#x200B; + +https://preview.redd.it/66cxkr7j0qr61.jpg?width=1078&format=pjpg&auto=webp&s=662dccce388ecc53c4743f8bae6073f5a7f0b782 + +# Walks like a duck + +Currently still going through this one as we are still busy with organising the mod groups and everything I still have to go through u/atobitt's writeup. + +Also because there where some concerns yesterday about the DD team let me be clear about it. + +This team is there to help where needed, this team won't approve/remove DD + +The only DD that is ever going to get removed is Bullshit as has always been the case (bullshit is defined by me as objectively bad DD, read DD so bad you think a 6 year old wrote it or conspiracy theory with little to no filling) + +we wont remove DD because it doesn't align with our vision, this is why the upvote/downvote system is there. + +&#x200B; + +https://preview.redd.it/uo9yn3og2qr61.png?width=554&format=png&auto=webp&s=8bb591855830e7eeb5389c8e049862ca91038049 + +# 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, they should be above the current price point, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +&#x200B; + +https://preview.redd.it/fh8ytt9j2qr61.png?width=400&format=png&auto=webp&s=898799e3bfe3877fcbecd442b9a971eb076dc4ac + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day I will be adding it here. + +backups: + +[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1) + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +And I'll be posting updates as they happen here: + +&#x200B; + +Edit 1: + +the "ah my sweet summer chimp" was meant to reference new apes, not a specific user. + +Edit 2: + +u/Ok_Safety_7710 did an amazing writeup of what has been going on with the hedge funds recently and has written about credit suise today + +[https://www.reddit.com/r/Superstonk/comments/mm47la/good\_morning\_apes\_todays\_edition\_of\_hedge\_fund/gtp6rmu/?context=3](https://www.reddit.com/r/Superstonk/comments/mm47la/good_morning_apes_todays_edition_of_hedge_fund/gtp6rmu/?context=3) + +It's awesome to see the community come together and we are all working together again and moving forward! love you apes! +So I went to the hospital back in February for reasons I will not discuss here. I have great health insurance through my employer that does cover hospital stays. I didn't yet have the card at the time of the stay because I just got the insurance and they hadn't mailed it to me yet, but I was covered during that time. + +I have since been on the phone with the hospitals billing department and my insurer. The insurer says I am covered and the hospital needs to submit a claim. The hospital keeps claiming they don't have my information despite me giving them the card number over the phone and even having a representative from the insurer talk to them in a 3-way call. + +Now the bill has gone to the collections agency and hospital refuses to even try to submit a claim to the insurer, stating that its up to the collections agency and then rudely hanging up on me. The collections agency says I have to take it up with the hospital when I explain the situation to them. + +Now I have people from India constantly blowing up my phone and I don't want this bullshit to drag down my credit score (so far it has not appeared on my credit karma reports). Can someone please tell me how to deal with this? +*“While the whole world was having a big old party, a few outsiders and weirdos saw what no one else could. \[…\] These outsiders saw the giant lie at the heart of the economy, and they saw it by doing something the rest of the suckers never thought to do: They looked”.* (Big Short) + +I have seen many good quality DD about Corsair. We all know it’s a great business. + +What I want to focus on is the financials. More specifically: **We already know Q4 results and nobody is talking about it! Why? Because nobody looked!!!** + +Corsair recently posted a prospectus related to the sale of 7.5M shares by some insiders (totally normal as it’s mostly the private equity owner – EagleTree - selling a small bit and passing from 78.32% to 68.55% ownership - they sold 7,135,000 out of the 7,500,000 sold… It’s totally fair for the PE owner to cash out a bit). + +Here’s the **prospectus (dated 21st of January 2021**): [https://ir.corsair.com/static-files/22acfc88-2f42-4b16-8bbb-099323323f33](https://ir.corsair.com/static-files/22acfc88-2f42-4b16-8bbb-099323323f33) + +**1)** Now, check out page 9 of the document + + **For the year ended December 31, 2020, we expect:** + +**• Net revenue to be between approximately $1,700 million and $1,701 million** + +**• Net income to be between approximately $101 million and $103 million** + +**• Adjusted EBITDA to be between approximately $211 and $213 million** + + +Yes, we already know they have beaten their own updated estimates… + +In fact, the company initially estimated the following (*from Q3 release* [https://ir.corsair.com/static-files/9eeb96ec-6c9b-47f6-a7e5-6c9f0312b50d](https://ir.corsair.com/static-files/9eeb96ec-6c9b-47f6-a7e5-6c9f0312b50d)) + +For the full year 2020, we currently expect: + +• Net revenue to be in the range of $1,616 million to $1,631 million. + +• Adjusted operating income to be in the range of $178 million to $184 million. + +• Adjusted EBITDA to be in the range of $187 million to $193 million. + +Then, they updated the *guidance on November 30th 2020* ([https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-updates-full-year-2020-outlook](https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-updates-full-year-2020-outlook)): + +For the full year 2020, we currently expect: + +* Net revenue to be in the range of $1,651 million to $1,666 million. +* Adjusted operating income to be in the range of $186 million to $192 million. +* Adjusted EBITDA to be in the range of $194 million to $200 million. + + +**So they have beaten their own initial and revisited estimates. Great!! Really great!!** + +&#x200B; + +**2)** But that’s not all we can easily infer from the Prospectus dated January 21, 2021 (Again… we just need to look). + +As they mention on the Q3 report, “as of September 30, 2020, we had cash and restricted cash of $120.1 million, $48.0 million capacity under our revolving credit facility and total long-term debt of $370.1 million”. + +In the more recent prospectus (page 10): + +*In addition to the foregoing, as of December 31, 2020, we expect to have approximately $133 million in cash and restricted cash and we expect to have net debt of approximately $194 million following the repayment of $50.0 million in existing debt with cash on hand during the quarter ended December 31, 2020.* + + +**This means that they have reduced net debt from $250M ($370 - $120 of cash) to $194M, which implies $56M of free cash flow generated during the quarter.** As a reminder, they generated around 21M FCF in q3 2020 and 94M in the first 9 months of 2020. So **this implies around 150M FCF in 2020** (as a reference in the first 9 months of 2019, they had negative FCF of about 6M). + +(check cash flow statement at page 14 on the Q3 report here [https://ir.corsair.com/static-files/9eeb96ec-6c9b-47f6-a7e5-6c9f0312b50d](https://ir.corsair.com/static-files/9eeb96ec-6c9b-47f6-a7e5-6c9f0312b50d)) + + +At $39, Corsair has a 3.5Bn market cap (91.92M of shares outstanding). + +This is a very respectable cash flow yield of 4.2%. I’d be expecting a much lower yield from a company growing as fast as Corsair is (60.7% growth year-over-year in Q3 and, assuming sales of 554M for Q4 vs 327M for Q4 2019, a growth of 69.4% in Q4). + +\----- + +Now, you must be thinking: but the smart money already knows this! They have accounted for it! + +I used to be like you… I used to think the market was efficient and that big funds and banks were always looking carefully at things! + +No f\*\*\* way!!! + +Take a look at Goldman Sachs’ research from February 1st 2021 (yes, after the prospectus was published). + +Someone shared it on reddit + +[https://preview.redd.it/nrmzjy9lw3f61.png?width=4129&format=png&auto=webp&s=0c3bf8e1c1308a15dbbb26b519c58a4d7dea8ab0](https://preview.redd.it/nrmzjy9lw3f61.png?width=4129&format=png&auto=webp&s=0c3bf8e1c1308a15dbbb26b519c58a4d7dea8ab0) + + +They still base themselves on the updated guidance of November 30th 2020. No mention whatsoever of the much more recently updated “guidance” (more than a guidance, it’s actually the results given how close the ranges are…) + +&#x200B; + +**TLDR**: Corsair is a great company and its results are already out! + +Make your own investment decisions! +No amount of cutting corners, choosing the cheaper brand, making do and mending, forgoing "luxuries" like coffee from a coffee shop, living with a roommate, aaaaalllll the things you're "meant" to do made a dent in my debt. If the money's not there, it's just not there. + +This meant that I (barely) kept my head above water, but lived unemployment check to unemployment check and made the bare minimum interest payments on e.g. my student loans. + +By a stroke of incredible fortune, I was able to start a job towards the end of last year, and overnight, I doubled my income. The difference has been *immense*. There is NO WAY I'd be able to have the same sense of peace, lack of stress, and above all optimism without the income I now have. I wouldn't be able to start seriously attacking my debt with a view towards saving, too. + +Anyone who says, "Just save that $5 you would have spent on coffee" is clearly delusional about how much money they think people have to spend. Now I *can* save $5 (and a lot more than that), but it's absolutely only because I have more money coming in, not because I don't drink store-bought coffee. +# [A picture is better than a thousand words](https://i.imgur.com/fI2QWK6.png) + + +# The problem and a lenient formulation of it + +Sometimes people post here saying "the market is overvalued right now, I have a lump sum and I will wait for the next correction to invest it". This has been discussed a lot, [here for example](https://www.personalfinanceclub.com/how-to-perfectly-time-the-market/). That post is fantastic, but it is too lenient, because it assumes that it is possible to invest at absolute minimums of the market, that are only discovered in hindsight. + +So I decided to put my own spin on the problem by quantifying the return of the strategy formulated in a way that is more realistic. + + + +# My more realistic formulation + +To do this, + +1. I downloaded the SP500TR from [Shiller's database](http://www.econ.yale.edu/~shiller/data.htm), dating back to 1871. I used the TR index to account for loss of dividends. + +2. Ideally, I would have used world data, but I could not find a public database of world market data going back at least a handful decades. I will be happy to repeat the analysis if someone gives me a source. + +3. Next, I started thinking about what "wait for the next market correction" means. If you think this means something precise, think again. How big of a correction are we talking about? When a correction comes, will you buy immediately? + +4. I settled for this definition for the strategy: The investor starts the "wait and see" strategy on Month *M0*, when the SP500TR index has the value *S0*. The investor checks the market monthly, and buys an SP500 ETF as soon as its value is equal to a certain percentage of *S0* that we I call the *desired gain (DG)*. That is, for *DG = 15%*, the investor will buy as soon as the SP500TR index is worth 85% of *S0*. + + + + +The main risk of this strategy is that there is no guarantee that the value *S0* will ever repeat itself in the market in the investor's lifetime; However, I have also made the simplifying assumption that the investor is immortal, that is, if the correction comes 70 years after M0, it is still considered a "success" by the strategy, in a sense. That is, I am allowing for the "wait and see strategy" to be multi-generational. This mitigates using the SP500TR data, that does not include black swan events like Lenin and Mao. + +Having defined the model, all we need is to find out the probability P(M0, S0, DG) that the desired gain will ever present itself in the future, through simulation, and from this calculate the expected gain^([1]) *EG*, + + EG = P * DG - (1-P) + +This is a multiplying factor of the profits of the basic strategy of lump sum investing right at the beginning. So for EG = +200% it means that your profits (not your principal)^([2,3]) will be tripled, and for EG = -100% you will have no profits, but your principal will be intact. + + + + +# Result of the simulations + +[The table below as a graph](https://i.imgur.com/fI2QWK6.png) + +|Desired gain|Will it happen?|Expected gain| +|--:|--:|--:| +|0%|81%|-19% +|5%|63%|-34% +|10%|51%|-44% +|15%|42%|-52% +|20%|34%|-59% +|25%|30%|-63% +|30%|25%|-67% +|35%|19%|-75% +|40%|12%|-84% +|45%|7%|-90% +|50%|3%|-95% +|55%|2%|-96% +|60%|2%|-97% +|65%|1%|-98% +|70%|1%|-99% +|≥75%|0%|-100% + +How to read the table: + +Take the row for the desired gain *DG=0%*, that is, "buy as soon as the value S0 repeats itself". This obviously a hopeless strategy. There is an 81% probability for the value to ever repeat itself, and if it does repeat itself, you break even with respect to investing from day 0. However, there is a 19% percent that the market will never hit S0 again, and, in that case, you lose all profits long term as you wait for a correction that never comes. Using the formula for the expected gain EG: + + EG = P * DG - (1-P) + +we find an expected gain of -19%. + +If on the other hand the investor waits for a correction that brings the index 20% below its value on Month 0, there is only a probability of *P=34%* of it ever happening. If it does, the investor will increase his earnings by 20%, but if it does not, the investor will see his profits killed to 0%, for an expected gain of + + EG = 34% * 20% - 66% = - 59% + + + +# In a nutshell + +1. All expected gains are negative, meaning that this is a losing strategy for all desired gains. + +2. The bigger the desired gain, the lower the expected gain is. The greedier you are, the poorer you end up. + +# TL;DR + +Don't do it, it is retarded. + + +------- + +[1] There are several simplifying assumptions (for example the actual gain might be greater than the desired gain if the market tanks all at once), so this is arguably not the best model of the strategy, but it is much more realistic than the one I linked above. A better simulation would assume some kind of fixed income during the wait-and-see period, but the simulation I linked on top did not do that either. + +[2] I am using the word "gain" in the theory of [signal processing](https://en.wikipedia.org/wiki/Signal_processing) sense of [degree of amplification of a signal](https://en.wikipedia.org/wiki/Gain_(electronics\)), where the signal is the return of the portfolio. Of course the earnings could be negative at some points in time, so a negative expected gain on negative earnings can occasionally be good news during some transitory periods. However, this is obviously not a good choice long term, since in the dataset the market has always eventually recovered from all crashes. So you always want your strategy to have EG > 0. If you want your strategy to have EG < 0, more power to you, but you should probably be shorting the market then! + + +----- + +[3] Say you start with a principal of 1000€, and the default strategy, lump sum immediately, gives you earnings E. The gain G, as I defined it, acts as a multiplicator of the earnings, so with the alternative strategy, you will have earnings E' + + E' = E * (1+G) + +If earnings E would be less than zero by lump summing immediately (a net loss), you also want negative gain G (a negative feedback on the loss), but if earnings E would be greater than zero (a net profit), you also want positive gain G (a positive feedback on the loss). If you expected E to be less than zero in the long term, you would not be investing anyway but buying toilet paper and guns like preppers do, so this post will not apply to you. If you expect E to be greater than zero in the long run, this post is for you, greater gain G means greater earnings E', and vice versa. + +----- + +Multiple edits, typos, tried to clarify a bit better the difference between "gain" as I defined them and "profit". Footnote [3] is from six hours after the original post. +Goldman bought £75m of shares in Deliveroo to lift price on debut. The purchase equates to nearly a quarter of the value of shares traded in Deliveroo during its first two days as a public company. + +> Purchase equates to nearly quarter of value of shares traded in Deliveroo during first two days as public company. + + +> The share purchase by the bank, when taken together with the “overallotment” option, would mean the bank would have recorded a profit from the food delivery group’s declining share price, the report said, adding that most of these profits would be given to Deliveroo as part of an undisclosed agreement. + +> Deliveroo did not immediately return a Reuters request for comment, while Goldman declined to comment. + +https://www.ft.com/content/bf75f260-33d8-42ea-85c3-6482aa1fb2ff + +https://www.reuters.com/article/us-deliveroo-ipo-goldman-idUSKBN2BT2JL +___ + +The elephant in the room no one wants to talk about. +Illegal labour. + +___ + +Deliveroo and Uber were told of illegal workers months ago + +> Uber Eats and Deliveroo were warned that their delivery couriers were renting out their jobs to unvetted illegal immigrants as long ago as last summer. + +> The companies allow couriers to appoint “substitutes” who are supposed to be legitimate workers. Whistleblowers told The Sunday Times that illegal residents, **including people who have entered the UK concealed in lorries**, were paying up to £100 a week to deliver food without undergoing any checks. + +https://www.thetimes.co.uk/article/deliveroo-and-uber-were-told-of-illegal-workers-months-ago-85wtn2b20 + + + + + + + +Deliveroo IPO: as criticism grows over workers’ rights, is the loss-making app really worth £7.6bn? + +> **Deliveroo has never made a profit despite low rates of pay, taking a cut of up to 30 per cent of the price that restaurants charge**, and enjoying a huge boost in sales during the coronavirus pandemic. + +https://www.independent.co.uk/news/business/analysis-and-features/deliveroo-ipo-share-price-workers-rights-b1824584.html + +Deliveroo: Investor warns of workers' rights issues at firm + +> Aviva Investors, which manages £365bn of assets, said it would not invest as Deliveroo's riders did not get the minimum wage, sick leave and holiday pay. + +> David Cumming, chief investment officer at Aviva, told the BBC's Today Programme investors were taking social responsibilities "a lot more seriously". + +https://www.bbc.com/news/business-56510493 + +More big investors shun Deliveroo over workers' rights + +> Aberdeen Standard, Aviva Investors, BMO Global, CCLA, LGIM and M&G said they were put off by factors including the working conditions of its riders and lack of investor power. + +> Deliveroo said it had seen "significant demand" for stock with interest rising. + +https://www.bbc.com/news/business-56515498 + +___ + +Deliveroo Sinks 31% in Setback to London Effort to Lure IPOs + +> The company and its banks also sought a premium valuation for the stock. At the offering price, Deliveroo fetched 6.4 times last year’s revenue, versus a multiple of 5.8 for Just Eat. At the middle of the original price range, the stock would have been valued at 19 times gross profit versus less than 7 times for its Dutch rival, said Alberto Tocchio, a portfolio manager at Kairos Partners. + +> Deliveroo and investors sold 384.6 million shares at the offer price, equal to a 21% stake. The company raised 1 billion pounds, while shareholders including Amazon.com Inc. and Shu, the founder, sold the remaining 500 million pounds of stock. + +https://www.bloomberg.com/news/articles/2021-03-31/deliveroo-ipo-raises-2-1-billion-in-biggest-u-k-deal-this-year + +___ + +Disaster strikes as Deliveroo becomes ‘worst IPO in London’s history’ + +> That was not an option for Deliveroo, which lost £224m last year in a highly competitive market and warned regulators a year ago that it had come close to bankruptcy. + +> **Deliveroo’s advisers, who collected £49m in fees** from the company and several million more from Deliveroo’s selling shareholders, unnerved some buyers by **refusing to identify the three “anchor investors” who they said were supporting the IPO**. + +> The roadshow ran into further trouble over the **dual-class shares that gave Will Shu, chief executive, outsized voting rights**, but which meant Deliveroo would not debut into the FTSE 100 index, depriving it of investment from passive tracker funds, and which triggered outrage from a several large British fund managers. + +https://www.ft.com/content/bdf6ac6b-46b5-4f7a-90db-291d7fd2898d + +___ + +Deliveroo IPO slump burns 70,000 retail investors + +> Deliveroo let its customers and the general public invest through a platform called PrimaryBid. **Around 70,000 individuals put £50m into the company.** + +https://news.yahoo.com/deliveroo-stock-share-price-london-initial-public-offering-ipo-amazon-retail-investors-primary-bid-140032615.html +🛸 Marvin Inu | The next Elon musk dog 👩‍🚀 + +&#x200B; + +Marvin Inu is a meme based Cryptocurrency available on both ERC & BSC. 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How'd you prove then wrong? + +If you could say anything to your past self to keep them going, what would it be? +I understand this may be a silly question since if it was as progressive as some people claim, then it's implementation would have been way more common than it is now. Thank you for your answers. + +Edit: Since this post is gaining traction u/AndrewYangUBI, u/2noame +Meaning that you can create universal laws using scientific methods to describe our social world, in this case the economic system, which you can then "prove" by observing data. + +Or do you think economics should be more concerned about the real world events, historical developments and our social world inherently having politics and economics intertwined, so that observing only the "economy" in vacuum does not lead to anything that could be defined as a "universal law"? +...wish me luck!! I live in the Bay Area and currently work part time 3 nights a week. I make enough to just get by right now but I have zero savings and need to pay off credit cards. $3 more an hour would literally be LIFE CHANGING for me. I am so excited and nervous at the same time! I'm hoping it all works out! +AHOY THERE MATEYS☠️🏴‍☠️ YARRR, I can only speak like a pirate now that I’m in Moon Pirate! + +To be honest I was talking like a pirate in the telegram for so long I almost ordered my Wendy’s like a pirate😂 + +Anyway, recently came to find out about MoonPirate coin. It’s only been out about 4/5 days, and launched up to $60m market cap. Even so, the dips get eaten up like crazy. I’ve never seen a coin in shit coin space where people were so hungry to eat up something. 🏴‍☠️ + +The marketing has been insane in there too. It feels like everyday an influencer on tiktok or YouTube is posting about us. I think Fat Joe is currently on board. + +Currently we are at 33,000 CREW MATES on our pirate ship (YES - in 5 days), and all you SCALLAWAGS are welcome aboard! (lol again for these pirate jokes. It just makes so much sense to have pirates pillaging a coin!) + +We are all excited for our own brand of rum that the main admin has been developing, which is actually currently being distilled. The lite paper in the main website shows the company they’re partnering with. There is also going to be NFT capability added to the 1st edition of rum bottles that ship, which will be auctioned off (in NFT space I’m sure this’ll explode)🥃 + +YARRRR SO FILL YER BAGS WITH MOONPIRATE COIN, AND COME ABOARD TO SAIL THE 7 SEAS WITH US TO THE MOON! ADVENTURE AWAITS! ☠️🌕🏴‍☠️🌕🏴‍☠️🌕🏴‍☠️☠️ +PM Modi to launch e-RUPI today: 10 benefits of the new digital payment platform +[https://www.livemint.com/news/india/pm-modi-to-launch-e-rupi-today-10-benefits-of-the-new-digital-payment-platform-11627867754690.html](https://www.livemint.com/news/india/pm-modi-to-launch-e-rupi-today-10-benefits-of-the-new-digital-payment-platform-11627867754690.html) + + +Anyone know if this is a pilot program or related to the new digital currency planned for broader use? Or is it just an over-hyped voucher based welfare distribution system? Anyone have more details than the media lets on? +35yo single male. Life feels like it's getting away from me. + +This probably isn't the right sub, I'm sorry. I'm just lost and feel very alone right now. + +Edit: Jesus you guys are amazing. I seriously feel better reading your comments. Obviously I have no idea what your all talking about but I've got some good resources to look into. Thanks! +I know it's annoying. Another one of those, "Don't sell, it's going to be okay" posts. + +I used to check my stock app every minute and sold because I got nervous and uncomfortable. I would see gains that have made insane money disappear and sell off trying to hopefully get back at a lower price. From personal experience, I would encourage many of you to take one hard look at your stock portfolio right now and ask yourself if this is a company you see being able to exist in the long-term future. If the answer is no, you should cut some of your position or get rid of it. If the answer is yes, sit back, maybe liquidate a few shares, but don't get uneasy about it. It's the stock market - you win some, you lose some. If the company you own isn't going through a fundamental change such as a huge decrease in revenue or an SEC investigation, stop being upset. + +If I never sold a single share of any company from the day I started investing, I would likely be a millionaire right now with an initial investment of $30,000. Don't make the same mistake I did. Buy companies you trust and can reasonably see being a sustainable business and just ride it. More often than not, you're going to end up green. From what I see now, there are going to be a ton of opportunities to get in on some stocks soon. You should be putting more attention on what you should buy rather than what you should sell right now. +I am both encouraged and discouraged by this community. The real nagging question I have is for people who do not, and have not in their careers made more than $100k per year, how much did you invest and what are returns you have gotten? + +I am in a job field (Park Ranger, $38k, in the highest cost of living part of Texas) I really enjoy but where the cap salary is around $80k (Super Big Park Managers, only like 5 positions statewide with way too much stress)(more commonly $60k for park managers) unless you become a Regional Director with not fun responsibilities and a very political climate. + +How do I make this work for a viable future in investing? + +Edit: I am 28M with a Masters Degree in History with all student debt, around $50k, paid off! (Hence why I did not invest for most of my 20s lol)(Worked lots of odd jobs to help pay it off faster - ranchers pay for good hands) +I have around $4k invested right now mainly due to Nvidia stocks that I bought 5-6 years ago. And $10k in a high yield checking account - I get about $35 a month if I keep a high balance, so that is also my emergency fund. I saved most of my birthday and Christmas money to open it for many years. + +Edit: These have been very encouraging comments to read, thank you all so much. It is good to know there is hope for the future, even without making tons of money per year in salary! +To put into perspective, let’s look at Singapore. Despite a population of only 8 million, there were 277,000 millionaires living in Singapore in 2020. + +Superstonk is 300k, worldwide, out of 7 billion. + +Shut up about “if everyone becomes rich then no one is rich”. Statistically it’s easier for all of Superstonk to be literally on the moon than for all 7 billion people be rich. + + +TLDR; +Ignore FUD about guilt tripping you for being rich. +No one knows the future. All we have to go off of is what we knew, and what we know now. And it's also hard when emotions come into play. I've missed out lots of potential earnings, but I have learned it is not worth it to beat yourself up over. If we could see the future, we'd all be rich. Do the best you can with what you know today. Also don't be afraid to follow your gut. Your friend may not be giving you the best advice. +I tried day trading for the first time today. I've been reading other peoples' posts and watching the market for patters for a while, and decided to jump in myself today. I made a 3% return! It only works out to a couple bucks since I didn't put much in to begin with, but it's still my first profit on my first day trade! + +I just wanted to share that with someone. That's all. +As the question states, at what point or dollar figure in your net worth did you officially feel like you were wealthy/rich? I suspect it’s all relative but I’m curious to see at what point you felt that you officially “made it.” +We found out my dad had terminal brain cancer when I was 18. I'm 19 now and my mom just had a talk with me telling me that when my dad dies, she will live with her aunt, and I will live with another aunt. I'm getting separated from my parents, but at least I'm not going to be homeless. I work a gig/job where I make 75$ a week and currently go to school (i get no financial aid except for BOG which is means my school is partially paid for). Is there anything I should know/do/be aware of from now on. I'm just really lost + +Edit 1: thank you for all the advice and replies, there are a lot of questions that I see are great on my notifications but get lost within the comments so I’ll give a little more details about me here. +I’m currently going to community college and I’m studying Electrical Theory trying to get a certificate, I applied to the IBEW (an electricians union where you work/learn) and I hope I get in within the next year. Moreover onto the grieving part, I’ll try to talk to a counselor about my situation soon, and my dad has brain cancer for about 7 month, so ive done my grieving for a while now, but I can’t help it but feel sad everytime I see him sleeping in the couch in the living room. Anyways thank you for the advices and sweet comments + +Edit 2 : this isn’t at all related but something bizarre/superstitious. Last time when we received the news about my dad being diagnose with brain cancer, my car battery died at school, now that he’s back in the hospital awaiting his death, my car battery dies again, at school. + +Edit 3: my mom and I just had a talk on the phone, and briefly she told me that I will be staying with my aunt for a while, about 3-5 month until all the paperwork and stuff are completed, then she is going to find an apartment for me and her. For my dad, she told me the hospital is going to transfer him to some kind of home or living unit in USC, I’m not sure what’s still going on, but all I know is that we won’t be seeing him. I’m going to go visit him this afternoon and we’ll see from there. + +Last edit 4: My family will place my dad in a hospice/nursing home, and we will visit him frequently. He is home alone nearly everyday as everyone has work or school. So we will try to visit him everyday until he passes away peacefully. Me and my mom will try to find a cheap apartment as I’m still searching for a job as a material handler/helper in Los Angeles. Thank you everybody for your prayers/ advice/ tips. Good bye, pm if you are curious about anything else. +https://www.cnbc.com/2021/09/10/epic-games-v-apple-judge-reaches-decision-.html + +KEY POINTS + +Judge Yvonne Gonzalez Rogers handed down a decision in a closely-watched trial between Apple and Epic Games on Friday. + +Rogers issued an injunction that said that Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing. + +Rogers said that Apple was not a monopolist and “success is not illegal.” +Here's the insert that goes with his present. + +http://imgur.com/a/QxJ7N + +I've rounded out the numbers obviously, but I think it works well to explain to a 14 year old the value of savings. It should spark a conversation with him about it more. + +Both my kids already have educational savings accounts set up for them for college/university, and get regular presents. *Anything else I should add/change about this?* He is also getting other gifts, but this is in my opinion one of the best ones that he probably won't fully appreciate until he's older. + +**edit:** I went away for lunch, came back and this had gone bigger than expected. I am going to adjust the returns to be more realistic after reading the discussion. Some feel I shouldn't make this part of his birthday as he might perceive he's been cheated a gift. He's not that sort of kid, and tends to get gifts for being awesome year round anyway. May post another update in 8-9 hours to report on how it was received. + +**Update Edit:** So the night of fun is over. He's upstairs having a blast with his presents, most happy with his new headset as was expected, and was interested in learning more about his savings present. As was expressed by many different people below, *your mileage may vary depending on the audience*. My 14yr was cool with it luckily. +This might be a bit rude, and I used to be in a low income household and love dogs. + + +But if you can't make rent, don't adopt a dog, cat, or anything. Vaccinations, vet bills, food, day care, are expensive. + +I volunteer at an animal shelter. Every week, at least one dog gets RETURNED. This isn't fucking Walmart. You can't take a dog, and bring it back dirty, malnourished, or sick. + +Please, make sure you can support a pet before you adopt. Same as a child. Thanks. + +I don't care how much shit I get. I had to bring a dog to the vet today, since we don't get enough donations to treat diseases... There wasn't much of an option. + +(Yes, we do run background checks. But people lie, and some are great liars.) + + +Edit: alright, to clarify. If you're willing to die before you let your dog suffer, adopt them. I have no problem. + +But if you want a cheap and cute cuddle buddy you'll throw away if the vet bill is 4 digits, stay the fuck away. +*“The ideal business is one that earns* ***very high returns on capital*** *and that keeps* ***using lots of capital at those high returns***. That becomes a ***compounding machine***.” **Warren Buffett** + +*“Over the long term, it’s* ***hard for a stock to earn a much better return that the business which underlies it earns***. If the business earns six percent ***on capital*** *over forty years and you hold it for that forty years, you’re not going to make much different than a six percent return – even if you originally buy it at a huge discount. Conversely, if a business earns eighteen percent* ***on capital*** *over twenty or thirty years, even if you pay an expensive looking price, you’ll end up with one hell of a result.”* **Charlie Munger** + +*"Looking back, when we’ve bought* ***wonderful businesses*** *that turned out to continue to be wonderful,* ***we could’ve paid significantly more money***, and they still would have been great business decisions. But you never know 100 percent for sure. And so it isn’t as precise as you might think. Generally speaking, if you get a chance to buy a ***wonderful business*** *— and by that, I would mean one that has economic characteristics that lead you to believe, with a high degree of certainty, that they will be* ***earning unusual returns on capital over time*** *—* ***unusually high*** *— and, better yet, if they get the* ***chance to employ more capital at — again, at high rates of return*** *— that’s* ***the best of all businesses***. And ***you probably should stretch a little.****"* **Warren Buffett** + +*“****Time*** *is the* ***enemy*** *of the* ***poor business****, and it’s the* ***friend*** *of the* ***great business***. I mean if you have a business that’s ***earning 20 or 25 percent on equity***, and it does that for ***a long time, time is your friend***.” **Warren Buffett** +For the sake of this question let's skip the legal ambiguity and assume Biden has the power to do this. Tomorrow he signs an executive order canceling the entire federal student loan debt portfolio (about $1.6 trillion). + +What happens? Would there be a ripple effect on private businesses? Households? Foreign countries? How would this affect inflation? Would it weaken the US dollar? + +Most Redditors would support this, but I can't help but think there would be some pretty negative unintended consequences. +For context, I’m in college and was making $11/hr and working under bad conditions, and was asked to do more work without additional compensation due to COVID-19 which I thought was crazy and blatantly disrespectful. + +The biggest reason was I was vexed with the rat race. I was a good student. I studied in a reputed college. I got into a job which would be considered “average” pay today. I refused to go to a foreign country for higher studies because I didn’t want add financial burden on my parents. Every Tom, Dick and Harry from my relatives constantly pestered me why I was satisfied with just an average paying job. I didn’t see the point of taking a huge loan, putting more financial burden on my parents, go to a foreign country and then come back for a job that is going to pay around 25k more. The whole thing has become a rat race. As children, our marks and ranks are compared with our classmates and cousins if they are of the same age. During 10th and 12th; our worth is determined by our marks and what kind of college we get into. State Toppers are treated like they will become the next Bill Gates. School toppers are treated like they will become like Sundar Pitchai while no one really cares about the students getting average marks. During college; again our worth is determined by our placements and salaries for engineers and what post-graduation seat one gets in case of a doctor. Damn, I got sick of this rat race. + + +One of my childhood friends is a surgeon in a corporate hospital. I expected him to earn lots of money since that’s what everybody says in social media. After 10 years of studying, his pay is ₹80000 with daily 8 hour work shifts and monthly four 24-hour shifts. This ignited a spark in me that “Hard work isn’t rewarded. Only smart work is rewarded.” +I’m in my first year of college and have a clear career path in my mind. I wanna work for a think tank or a governmental organization. I even started my own think tank with some friends and we’ve gone out and made policy proposals that have supported important legislations in my state. I also have some experience with R and learning about Excel. I’m also learning Japanese because I’m fascinated by BOJ monetary policy from a neoclassical perspective. If there are any other recommendations on what I should pursue further, that would be greatly appreciated. +I've heard tax pressure is bad. I've heard fiscal deficit is bad and creates crisis. My country (Argentina) has both and is doing horribly. But what confuses me so hard is that there are countries that have both of those like these two, yet they're successful and with no crisis for years, despite these facts. I think other European countries are like that too. Which one is it then? Good or bad? Are they at the end of the day good/irrelevant? +Obviously this depends on how the country was doing at the time and what was good/improved on during the term. Not to mention there is usually a buffer to the impact economic policies will have on a country, long term. So this is pretty subjective really. But id love to hear your opinions, thanks +**(Skip to !!!!!!! - This was the initial part of my investigation. Skip to that bit. Promise.)** + +In the linked in profile, they are advertising for one position in China with email domains for [glacierchina.com](https://glacierchina.com) + +Running the advertisement through Google Translate, we can see that they have a public **WeChat account: GlacierCap.** + +Throughout the rest of the job post, they refer themselves to **Gengxin Capital**. + +>Introduction: + +Founded in September 2018, Gengxin Capital is an enabling boutique investment bank. The founding team comes from core members of companies such as LAZARD, Yuanhe Chenkun, Kaisheng Rongying, Huafeng Capital, Blue Lotus Research Institute, Analysys International, and has extensive contacts in the capital market, Internet, and technology industries. + +Gengxin Capital is committed to deep participation and long-term empowerment in the value creation and value discovery of technological innovation companies that are the engine of global economic growth and unicorns generated in the tide of inclusive consumption in China. Since its establishment, it has assisted 26 projects to complete financing, with a total financing of 5.36 billion yuan. + +&#x200B; + +Additional information I can tell you about the Chinese domain is that while it was initially registered in 2018, the Registry of the domain (RDAP) has been updated within the last 24 hours. Circumstantial, but the domain for the Chinese email accounts do not have anything else allocated to them other than their emails.{"eventAction":"last update of RDAP database","eventDate":"2021-03-14T06:57:12Z"}\] + +Registered with Alibaba. + +Source material: [https://whois.aliyun.com/rdap/domain/GLACIERCHINA.COM](https://whois.aliyun.com/rdap/domain/GLACIERCHINA.COM) + +\------- + +**!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!** + +Bringing it back to Glacier Capital in Lux, I ran a WHOIS on the Domain and got a different address than u/timmmmmmmyy. + +Domain name holder + +GLACIER CAPITAL SARL + +18, rue Jean Oster + +LU - 8146 Bridel + +[https://www.google.com/maps/@49.6582799,6.0771793,3a,75y,326.47h,77.66t/data=!3m6!1e1!3m4!1sqXom6bxDm2-6Pd1NdeLZEw!2e0!7i13312!8i6656?hl=en-AU](https://www.google.com/maps/@49.6582799,6.0771793,3a,75y,326.47h,77.66t/data=!3m6!1e1!3m4!1sqXom6bxDm2-6Pd1NdeLZEw!2e0!7i13312!8i6656?hl=en-AU) + +&#x200B; + +Wonderful, modern house. Could hold 4 employees in the silo looking part next door, but otherwise a suburban street. + +\------ + +&#x200B; + +The official business registration yields the same address as u/timmmmmmmyy + +Buisness ID: B212426 + +A new player has entered the game, **Norbert Raymond Becker.** Owns 48.08% of Glacier Capital, where Marc-Francois Joseph Daubenfeld owns 51.92%. Both Luxembourgers. + +(I'm looking to upload the supporting paperwork - standby). + + +(EDIT GOES HERE: https://imgur.com/i9lTtDc Verifiable at [https://www.lbr.lu/](https://www.lbr.lu/) which is the Luxembourg Business Register. Put the above Business ID into the "RBE" which is the Beneficial Owners Registry.) + +&#x200B; + +\--- + +What's Norbet up to? + +He has a Directorship at Lia Holdings Limited. (Very close to Liar, lol). with the following address - 52 LIME STREET, LEVEL 27, LONDON, EC3M 7AF + +Fancy new building there for Norbet. What's on level 27, the registered address for Lia Holdings Limited? + +[https://www.thescalpelec3.co.uk/#Neighbourhood](https://www.thescalpelec3.co.uk/#Neighbourhood) + +Level 27 holds Lombard International + +[https://www.thescalpelec3.co.uk/wp-content/uploads/2020/12/SCA005\_Scalpel\_Floorplans\_V32.pdf](https://www.thescalpelec3.co.uk/wp-content/uploads/2020/12/SCA005_Scalpel_Floorplans_V32.pdf) + +[https://pomanda.com/company/12049264/lia-holdings-limited](https://pomanda.com/company/12049264/lia-holdings-limited) + +This looks more like a spicy meatball. We have a list of other directors in London that we can chase down, along with business names that contain the word CAYMAN in them. Niiiice. + +So.... who is this rag tag bunch of professionals for Lia? + +[https://www.lombardinternational.com/en-US/About-us/Leadership-team](https://www.lombardinternational.com/en-US/About-us/Leadership-team) + +Oh look - Hi Norbet! He isn't a small fish either - used to be Global CFO for EY (one of the big four consulting and accounting firms in the world). + +I see that they have their funds managed by Blackstone, a fairly large and spicy meatball in the U.S (I know this because they just tried to buy a Casino group in Australia). + +I must say that many of the board on Lombard International Group are not small fish - international Chief Investment Officer of HSBC is a spicy meatball (Stuart Parkinson) or a senior figure of Blackstone's Tactical Operations Group in Qasim Abbas (sounds like a lame Bourne movie). + +So what has this got to do with our situation? + +[https://www.businessinsider.com.au/blackstone-and-citadel-have-reportedly-held-deal-talks-2019-10?r=US&IR=T](https://www.businessinsider.com.au/blackstone-and-citadel-have-reportedly-held-deal-talks-2019-10?r=US&IR=T) + +**Fuck. Off.** + +**TL:DR - The strawman at Glacier, whom has a Residential Office but has a 48% owner in the former Global CFO of EY Norbet Raymond Becker, who sits on the Board and is Vice Chairman of Lombard International Group, whose funds are managed by Blackstone, whom have been looking to merge with Citadel going back to 2019.** + +Edit: Adding the screenshot for the Public Record of Beneficial Owners of Glacier Capital, which ties them to LIA, which ties them to Blackstone Tactical Operations, which ties to Citadel.[https://imgur.com/i9lTtDc](https://imgur.com/i9lTtDc) + +Edit2: Do not confuse BlackRock (who are long on GME and are listed as an institutional investor in GME) to Blackstone, the company listed above. Have a read of this 2018 article. To help remember, Blackstone = BS = Wanted to merge with Citadel in 2019. https://www.economist.com/business/2018/01/13/blackrock-v-blackstone + "The Food and Drug Administration (FDA) says that e-cigarettes face an uncertain future in U.S. markets unless youth smoking rates drop over the next year. + +Speaking at a public hearing Friday in Silver Spring, Md., FDA Commissioner Scott Gottlieb said he could see the entire category of e-cigarette and vaping products [removed from store shelves](https://thehill.com/policy/healthcare/426059-fda-level-of-young-people-addicted-to-vaping-may-require-drug-therapies) if companies don’t stop marketing such products to youth.  + +"I’ll tell you this. If the youth use continues to rise, and we see significant increases in use in 2019, on top of the dramatic rise in 2018, the entire category will face an existential threat," [he said.](https://www.fda.gov/NewsEvents/Speeches/ucm629620.htm)" + +&#x200B; +My Husband was rear ended in a car accident this week. At the scene, the at-fault driver presented an insurance card showing coverage through May. We thought everything would work out fine. + +As the week progressed, however, our insurance agent updated us on the truth behind the other driver. As it turns out, he was arrested after we left the scene. He had a warrant out for his arrest regarding a previous hit and run, he was driving on a suspended license, and the car wasn’t his. The car belonged to his girlfriend, who had let the insurance lapse. We had been hit by an uninsured motorist. Our car was totaled and my Husband was accruing medical bills. For a few anxious moments, we thought we were looking at huge out of pocket expenses with little chance for reimbursement, given the character of the other driver and the fact that he was currently in jail. + +Thankfully, we pay an extra $11.10 every 6 months as part of our insurance premium for uninsured motorist coverage. By opting into this additional coverage, we saved ourselves from the stress and impossibility of suing the other driver personally to be reimbursed for our damages. Instead, our insurance will write us a check for our totaled car and pay our medical bills, and they will be the ones suing the other driver, not us. + +All for an extra $23 a year. + +EDIT: I’m being told that this reads like an ad, but I guarantee it isn’t. I am a writer by profession, which might explain the tone of my narrative. Plus, this happened on Tuesday so it is all still very emotional and fresh in my mind. I’m very happy that this post has motivated people to learn more about their own policies and insurance coverage. + +EDIT 2: Our cars are insured in Oregon, so those are the state laws / minimums that apply to our situation. + +EDIT 3: Also make sure your car seats are properly installed, and if a car seat is in the car when you’re in an accident, know that you most likely need to replace it! Car seats lose their effectiveness after a collision. We included our car seat in our claim and we will be reimbursed for a new one. +They don’t seem to understand that being able to go to see a mental health therapist/counselor is pretty much a luxury right now. I am beyond stressed and depressed but I can’t do shit about it because all our money is tied up with our overpriced rent, utilities, etc. can’t get on food stamps or Medicaid because according to them, we “make too much”. + +I’ve had Betterhelp suggested to me but I can’t afford that either. And even places that offer sliding scale as an option still want a good amount per hour. + +Mental health care (and health care in general) shouldn’t be a luxury. I shouldn’t have to be rich just to afford it. I haven’t been able to see a doctor or even a gyno in 15+ YEARS. God knows if something major is going on. And I keep getting denied for disability because according to them “my hands still work”. + +I’m just tired. +**The $FCF team has won the Crypto Innovation of the year at the dubai crypto expo! FCF PAY is changing the way the world spend and earn cryptocurrency.** + +The team has been approached by big entities in dubai and currently have dozens of massive deals on the table. + +Major mainstream marketing campaign signed up with the Chambers group (they represent over 50 household brands) + +FCFPay is live and functional, merchants/freelancers/stores have started using it! FCFPAY is the first cryptocurrency payment gateway of its kind. It allows merchants to accept any cryptocurrency as payment! + +Partnership with Everly Market is rolling out this month. Fcfpay will be integrated in their network of merchants in the USA. + +Discover our Revenue Sharing Token Ecosystem! (RST) A real world product(FCFpay) that keeps fueling our investor token $FCF! + +$FCFpay integrates with the two biggest e-commerce platforms – WooCommerce & Shopify. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +Imagine paying directly with crypto! You can nowshop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +Fcfpay allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +**That’s why their motto is “EMPOWERING CRYPTO”!** + +$FCF was already listed on 4 exchanges over a period of just 4 weeks! LBANK, HOTBIT, COINSBIT AND LATOKEN… and there are more to come! + +The payment gateway will incentivize adoption by featuring a fee structure that is lower than PayPal and credit card processing companies. + +Every payment gateway transaction will also induce a buy back and BURN mechanism in FCF, thereby increasing the value of your FCF by reducing the overall supply! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +Become an FCF affiliate! Earn a stream of income of 0.1% off every transaction processed through FCFpay for 3 years upon having a merchant implementing FCFpay with your affiliate link! + +Refer your friends and family to purchase $FCF token with transactions over 1500$ and earn 1.5% of the transaction as a commission and have the new investor get a 3% refund! + +Register for your affiliate ID code here: [https://affiliates.frenchconnection.finance/?RefID=MQU8Wm](https://affiliates.frenchconnection.finance/?RefID=MQU8Wm) + +As a great cherry on the cake, FCF is launching its 2nd platform on the ecosystem! FCFPoker, Web3 poker that integrates NFTs and support cryptocurrency payments in exchange of pokerchips. The revenue will be sent in the ecosystem like all the other platforms! + +The Dev is always active and always OVERDELIVERS. + +Dev is Doxxed, KYCd and a Certik audited! + +Medium: [https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7](https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7) + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance/) + +Payment gateway website : [www.fcfpay.com](https://www.fcfpay.com/) + +NFT Website: [www.frenchfellas.com](https://www.frenchfellas.com/) + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +The best investments have often been large established companies that are well-known + +Investors have generated great returns by sticking to tried and true blue chips + +Most of the greatest companies are hiding in plain sight +You may see and hear the stories of these Crypto millionaires, and how they came upon their riches time and time again in the media. + +I am sorry to say but to make serious money in Crypto, you need to have a lot of money invested and not just a $100… + +I see plenty of retail investors get discouraged seeing Crypto money being flaunted by kids and celebrities online. + +They don’t understand the principle of “money makes money” + +This goes for miners too as there were these 14 year old kids in the news recently for making 30k a month. + +What most don’t know is the fact that their already wealthy families purchased the required equipment for them which costs thousands of dollars. The fact that the media will leave out critical details like this is very worrying. + Hello friends. 💖 + +&#x200B; + +It is with a heavy heart that I tell you that I have recently faced serious irl threats to my safety and well being, and as a result I am taking a break from the daily posting of the Jungle Beat until further notice. + +&#x200B; + +Out of respect for my team's privacy, I will lay off any details. + +&#x200B; + +Out of respect for the apes I serve, I will tell you this; + +&#x200B; + +Moderating a forum this intense requires utmost trust with each and every team mate. + +&#x200B; + +And when external concerns about possible infiltration are brought to the "leadership" they should be handled respectfully and reasonably for all parties. + +&#x200B; + +Unfortunately I was recently met with some highly alarming threats to my irl safety and wellbeing as a result of taking such actions; threats which appear motivated by an apparent conflict of interest. I have subsequently been enduring some serious FUD attacks in the days following, including a dox attempt. As a result, I have lost trust, although I assure you the **vast** majority of the mods on this team are **beyond** trustworthy. + +&#x200B; + +I don't know what is happening, but I want you beautiful apes to remember; + +&#x200B; + +I have always loved and enjoyed spending my time with you for the last 6 months. You're fucking amazing. Truly. + +&#x200B; + +Don't let anyone tell you 7 figures or more is impossible. + +&#x200B; + +I'm holding til I see phone numbers. The DD backs it up and I believe in the DD. Do what you want tho. I just like the stock. My favorite holding period is forever. + +&#x200B; + +Ryan Cohen and DFV are the only idols you should have in all this, if any. + +&#x200B; + +I have only ever tried to serve this community honestly and respectfully. + +&#x200B; + +I realize this community does trust me as [the diamond whistle blower.](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/?utm_source=share&utm_medium=web2x&context=3) And I take the responsibility and trust quite seriously. + +&#x200B; + +I love you all and I have enjoyed serving you, first as your Princess Memelord, then as your shill-hunting mod, and ultimately, I hope, as your friend over drinks at the bar on the moon soon. + +&#x200B; + +I'm posting this, fully realizing the consequences that are likely to follow. Fearlessness is the only way to win here in the hedgie's fucked up game. And I stand true in what I am saying to you today. + +&#x200B; + +Ultimately, we are all volunteers here, and the point is to help and support the community- not to be harassed non-stop and ultimately threatened. Whatever happens, I will continue to work to serve this community in some capacity. + +&#x200B; + +Do your own DD and verify everything you read, because you never know what or who you can trust anymore. Many people want the platform that is Superstonk to sell something or push a narrative. + +&#x200B; + +Follow your gut, and keep your intentions pure. If your compass is true, you'll land among the stars. 💖 + +&#x200B; + +Stay safe out there apes. ✌💎🙌 HODL +So, Alibaba is of course the most discussed stock in the last month on this sub, I think. So I decided to discuss Tencent, instead. This is part 1: Tencent's empire. Part 2 will be on the risks with China regulations. + +I think Tencent is simply incredible. Let's see why: + +&#x200B; + +* **WeChat** + +They own WeChat/Weixin (Weixin is for mainland China, WeChat for everywhere else. I will call it WeChat). WeChat is.. WeChat. Mohnish pabrai calls it "a bazooka Tencent can fire at will". It has 1.25 billion users. What can you do on WeChat? Everything. Text, pay for stuff, play games, shop online, anything. Imagine if the following app existed: + +* Need something on Amazon? No problem, you can do it directly from WeChat through its mini-app. +* Need to pay something in a shop? Use TenPay. +* Need a ride on Uber? Use WeChat mini-app. +* Need to order food on DoorDash? WeChat. + +Replace Amazon with JD, Uber with Didi, DoorDash with Meituan, and you have WeChat. + +WeChat is a bazooka because, if Tencent decides to partner with someone and allows them to integrate in their ecosystem, that business will explode. It happened with Pinduoduo, which mainly works on WeChat: it grew 100% last year. + +Since it runs the platform, Tencent gets a commission. Also, it stores all the data that goes through these apps. In 2020, revenue from WeChat was 16.7 billion dollars, out of 74.6 billion in total. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB (247 billion $) in 2020. To get how much this thing is growing, in 2017 it was 210 billion RMB (32b). + +&#x200B; + +&#x200B; + +* **Tencent's empire** + +Tencent has an impressive number of businesses: they have a subscription revenue which is 62% that of Netflix; a media ads business (bigger than the Nyt), games, cloud, mobile payment services. Their business is so wide it is hard to navigate. Some examples: + +1. **Gaming**: Tencent has around 50% of market share in China in the mobile gaming industry. In 2020 they made 29.3 billions from games. In 2021 it is probably going to be lower. Online gaming industry in 2020 was 58b, it is expected to grow to 86b in 2027. Mobile gaming is projected to be 70% of the online gaming market in China by then. +2. **TenPay**: There are two ways to pay for stuff in China: TenPay and AliPay. While in the West we switched from cash to cards, and we are still in transition, China has skipped a step and went directly to mobile payments. In 2018 already, a walloping 83% of all payments in China were made through mobile. Now it is around 90%. Cards are useless in China: they account for less than 5% of payments. In the Western world, Google pay and Apple Pay are only now starting to (maybe) erode the empire of Visa, Mastercard, American Express etc. China, on the other hand, was to Tencent and Alibaba like a smooth field: they just took over. Apple pay now has around 500 million users world-wide. Tencent has 900 millions. From the last financial report, Tencent shows that revenue of the financial technology and corporate services business increased by 40% year-on-year to RMB 41.9 billion (6. billions). China's mobile payment market is projected to reach 88.4 Billion usd by the year 2027, trailing a CAGR of 47.3%. + +&#x200B; + +&#x200B; + +* **Tencent's fantastic portfolio**: + +Before you do a cf analysis of Tencent, you need to know that Tencent has a portfolio that is currently valued around 250 billions usd at present. It is like a financial version of Cthulhu, with tentacles everywhere. It is quite hard to navigate/find information about it. They say they are currently invested in over 700 companies, of which only 103 are publicly traded. This guy has put up a [spreadsheet](https://docs.google.com/spreadsheets/d/1owpL6WmMK30X19Kw3BziAw39rGJbsfIMOOexdtvAkxU/edit) for you that tracks the most notable public ones. + +Some notable busineness Tencent owns (percentages might not be accurate): + +a) Gaming: + +* 100% Riot Games (League of Legends) +* 40% Epic Games (Fortnite) +* 81.4% Supercell (Clash of Clans) +* 10% BlueHole (PUBG) +* 80% Grinding Gear Games (Path of Exile) +* 5% Activision Blizzard. +* 20% Kingsoft (gaming competitor in China & cloud business) + +&#x200B; + +b) Finance: + +* 30% Webank (biggest online bank in China) +* 2%? Khatabook (digital payments in India) +* 25% Gojek (same in Indonesia) + +&#x200B; + +c) Social: + +* 50.1% Huya (twitch-like) +* 38% Douyu (twitch-like) +* 12% Snapchat + +&#x200B; + +d) Music: + +* 58% Tencent music +* 6.8% Spotify +* 10% Universal music group + +&#x200B; + +e) E-commerce: + +* 25% Sea ltd (which also makes games, does mobile payments etc) +* 18% JD +* 17% Pinduodo +* 7% Vipshop + +&#x200B; + +f) Other + +* 20% Meituan (Doordash of China) +* 15% Nio (ev) + +&#x200B; + +&#x200B; + +* **Valuation** + +How do you value Tencent? Currently, Tencent has a market cap of 619.72b, with a P/E of 24 and P/fcf (trailing 12 months) of 22 (Do not forget the investment portfolio, as well). fcf grew 29.4% a year in the last 10 years. Tencent has Microsoft-style profit margins of 35%. Revenue is growing at more than 30% a year, which is insane for a company this size. With its impressive portfolio, Tencent is poised to have a leading role in a country that is growing it GDP at 7%, that soon will catch up with the US, and where around 500 million people are projected to reach middle class in the next 10 years, something which will benefit tech companies the most. Of course, the risks are China regulations, in particular its anti-monopoly campaign; China in general: VIE structure, accounting standards etc. Here is an earnings based model, but take it with a grain of salt. + +Discount rate: 14%. Based on eps without nri. 20 years. + +* Best scenario (20%): year 1-10: 25% growth, y 10-20: 10%. Value: 112.13 +* Normal scenario (60%): y1-10: 18%; y10-20: 10%. Value: 70.38 +* Worst scenario (20%): y1-10: 15%. y10-20: 8%. Value: 55.27 +* Fair value: 75.7 +* current price: 64.56. Undervalued by 17.25 % for a 14% return. + +Of course it's all about assumptions. If you raise margin of safety, cut down growth estimates etc, you will get a very different number. I think I used a fairly conservative growth estimate, though. I personally think the upside for Tencent is insane., even though it is a behemoth already. It is one of my strongest buys. + +Edit: I received a fair dose of criticism with my assumptions of growth. It's fair: I suggest watching Damodaran's valuation model, which I am sure is of more value than my toy-model: https://klse.i3investor.com/blogs/guru/2021-09-01-story-h1570690693-China_s_Tech_Crackdown_Its_about_Control_not_Consumers_or_Competition_A.jsp +At any rate, if we change y10-20 growth to 5% in all cases, we get: 52.12, 63.2, 99.37. Intrinsic value: 68.11, so 5% undervalued with 14% margin of safety: it would still be modestly undervalued/fairly valued. + +&#x200B; + +I might consider doing a separate post about the risks of investing in Tencent: China regulations etc. For now.. thanks for reading! + +Sources: + +[https://www.businessofapps.com/data/wechat-statistics/](https://www.businessofapps.com/data/wechat-statistics/) + +[https://www.notboring.co/p/tencent-the-ultimate-outsider](https://www.notboring.co/p/tencent-the-ultimate-outsider) + +[https://finance.yahoo.com](https://finance.yahoo.com) & [gurufocus.com/](https://gurufocus.com/) + +[https://www.statista.com/topics/4322/apple-pay/](https://www.statista.com/topics/4322/apple-pay/) + +[https://daxueconsulting.com/payment-methods-in-china/](https://daxueconsulting.com/payment-methods-in-china/) + +[https://static.www.tencent.com/uploads/2021/04/08/960eae1f18dd716fd3a7d704e123d7a5.pdf](https://static.www.tencent.com/uploads/2021/04/08/960eae1f18dd716fd3a7d704e123d7a5.pdf) + +[https://min.news/en/economy/aa274e1f9ba05e4b8a246a71d9035681.html](https://min.news/en/economy/aa274e1f9ba05e4b8a246a71d9035681.html) + +[https://www.globenewswire.com/en/news-release/2020/10/08/2105516/28124/en/Global-Contactless-Payment-Transaction-Market-Report-2020-2027-Market-Expected-to-Grow-at-a-CAGR-of-49-7-U-S-Market-is-Estimated-at-10-Billion-While-China-is-Forecast-to-Grow-at-47.html](https://www.globenewswire.com/en/news-release/2020/10/08/2105516/28124/en/Global-Contactless-Payment-Transaction-Market-Report-2020-2027-Market-Expected-to-Grow-at-a-CAGR-of-49-7-U-S-Market-is-Estimated-at-10-Billion-While-China-is-Forecast-to-Grow-at-47.html) + +[https://www.globenewswire.com/en/news-release/2021/05/04/2222088/28124/en/China-Online-Gaming-Market-Report-2021-Market-was-Valued-58-Billion-in-2020-and-is-Expected-to-Reach-to-86-Billion-by-2027-Top-Players-are-Tencent-NetEase-Kingsoft-Changyou-Shanda-.html](https://www.globenewswire.com/en/news-release/2021/05/04/2222088/28124/en/China-Online-Gaming-Market-Report-2021-Market-was-Valued-58-Billion-in-2020-and-is-Expected-to-Reach-to-86-Billion-by-2027-Top-Players-are-Tencent-NetEase-Kingsoft-Changyou-Shanda-.html) + +[https://kr-asia.com/key-stat-mobile-games-to-take-over-70-of-chinas-gaming-market-in-2020](https://kr-asia.com/key-stat-mobile-games-to-take-over-70-of-chinas-gaming-market-in-2020) +I’ve made a list of a few hundred small multi family properties in my market (SoCal) and am gathering the ownership information from the county accessor for a direct mail marketing campaign. I’ve noticed that around 70% are owned by a family trust. + +What is the advantage of placing a property in a trust? Is there some sort of tax advantage that I am unaware of? Or, are these all elderly owners who want to avoid potentially having the property go into probate if they die? + +I thought I would pose the question here as the general advice thrown around in this forum is to get an umbrella insurance policy rather than put the property in a trust or LLC. + +Just curious +X-post from /r/legaladvice + +Found out recently that me and another person share the same SSN. It's crazy. We have the same SSN and even the same birthday and birth year, but our names are totally different and we live several states apart. I'm in the process of requesting a new SSN and was told it could take months for SSA to review my application. In the meantime, how do I get this addressed with the credit bureaus? + +I actually found out about all this because I'm trying to buy a house and the loan officer asked if I ever went by a different name or lived in a different state. This prompted my curiosity and I pulled my own credit report later. Sure as shit I have a FICO score of 820 (I'm not complaining!) but there are 26 accounts listed (of which 11 of those I know for certain are mine) and there are past employers and residences listed that are definitely not mine. I saw the other "known name" as well and plan to call them about all this once I figure out what to say lol. + +But yeah, based on what I saw in the merged report, the other person is perfectly responsible with finances. I am as well, but I still want to get separated because we are definitely not the same person. How do I do this??? +I've been trying to do a better job of keeping a chunk of cash in my account so that I have some extra buying power on red days without dipping into my margin. The problem is I get aggravated (greedy) at watching the cash balance make 0.01% interest, so I've been looking for ways to make more of a return but still keep things relatively liquid. + +&#x200B; + +[Ultra High Quality Visual Aid](https://preview.redd.it/bcg4s6953eg71.png?width=1920&format=png&auto=webp&s=027e69080eaed9be70bfd02ac2c1ac41dffd88f8) + +I'm all to familiar with the dangers of trying to pick up "loose change" in front of a steamroller. However, if I reign in my greed and sell short DTE credit spreads well OTM on something like SPY I wouldn't be getting much in credit, BUT it'd be more than the interest and they'd be easier to close if I want to free up the funds. I feel like the danger could be further reduced with a stop order. + +What do y'all think? Is this too stupid? What do y'all do with your cash balance? Is there a safer strategy I'm not thinking of? +I live in the US, my family in Europe. + +My dad had a regular operation a few weeks ago, I stayed in touch and spoke every day etc. Then this morning...a complication. He's in hospital still, awaiting an operation. My mom was in bits, my brother shouldering a load, and I miss my dad and would like to just..be there. + +Am on a red-eye tonight, and will be back in the old country tomorrow afternoon. Budget in tact. Flights booked, car rented. + +You can't put on price on things like this, and a few years ago..5 in fact - this would have been a struggle - but this is an emergency that an emergency fund is made for...and I have this sub to thank for it. + +Edit: Holy shit balls. This blew up between me posting and getting to the airport + +Thanks for the gold...whoever it was! You are all good people. + +If you don’t have an EF. Start today. $10 stuffed in a drawer, $100 that you don’t take out from your checking account, $1000 in a savings account, $50K in a savings account and a credit card you can pay off + +It doesn’t matter, getting on top of money and being able to be in the situation where you can drop everything and do what needs done is priceless. If you’re married and have a partner on the same page...all the better (kudos to my wife - she’s shouldering our 2 year old for a week without me around) + +An emergency fund is freedom. And it’s a beautiful thing to have. +https://i.imgur.com/MI2O91T.png + + +Morgan Housel : Jack Bogle is biggest undercover philanthropist of all time. + +Warren Buffett : If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. + +Andy Cross : If there is ever an official investor hall of fame, Jack Bogle would be a lock as a unanimous first-team ballot winner in the inaugural class. + +Beverly Goodman : There is truly no other person who has been more influential in the investing world, and such an unerring force of good. + +Rob Arnott : Has anyone in the past century disrupted the world of investing (and perhaps finance more broadly) more than Jack Bogle? I think not + +Cliff Asness : Put simply, no single person has ever done more for investors while asking less for himself. Nobody comes within a mile. We won’t see his like again. + +Michael Edesses : Bogle was a paradigm of someone who pursued business as it should be pursued, for a public purpose, rather than for greed. + +Don Philips : Jack was a man for the ages. Investors for generations to come will benefit from his life’s work. + +Burton Malkiel : Jack Bogle is the best friend the ordinary investor has ever had. +The crazy price action for BCH shows the debate over small blocks/big blocks is FAR from over. BCH is now more profitable to mine than BTC. In my opinion, the battle for the 'true' bitcoin is just getting started. I view eth as a safe haven to hold your funds in until the winning chain is apparent. I honestly don't know which chain will come out on top but I'm hodling my eth stack with the popcorn ready. GL everyone +I was too young and uninvolved with real estate when the last crash happened. + +It seems people all figured it was going to keep going up. All greed and no fear. + +This time around, so many people are calling for a crash? Have times changed and the majority is able to see what’s happening or is there a possibility for a dip and major continuation? +We're all probably getting ready to traveling and splurge a little. Thought it might be nice to help each other out and list your favorite hotels along with the city, country and a description on why it tops your list. + +Hopefully we can get a really good list going so our upcoming travels are extra special. +I am signed up to Ubereats and Doordash, they pay me about $250 per kg of fat I lose. + +I need to lose 10kg or so, therefore will earn $2,500. + +Are there any other apps that can pay me more to lose weight? e.g. is there a way to earn money from pokemon go? + +Roughly speaking uber pay me $1 per km travelled, which uses \~30 calories. Each kg of fat I have is worth 7,700 calories or $250. + +If I run out of fat I have calculated I can gain 1kg fat with \~10kg of rice, at a cost of \~$40, meaning of the $250 per kg \~$210 would remain profit - interested in any apps that let me arbitrage this number or convert myself into electricity. +Honestly these seem like the only ways to reach financial independence. +That's the majority of people posting on here I feel. + +For them quite frankly there making so much that they'd achieve financial independence passively as long as they don't spend stupid amounts of money. + + + +I want to hear from some firefighters, teachers, hotdog stand owners, plumbers and nurses. Common people making 5 figures. + +(I'm a civil engineering student for those asking btw) + +How has your FIRE journey been and what do you do differently? + + + + +Edit: Nursing is awesome. +***\*EDIT\**** **Thanks for the gold stranger! And thanks for all the really positive feedback, i'm glad my story has inspired some people. There's a lot of stuff i left out as well just to keep it somewhat condensed. But i have worked really hard the last 7 years and have learned a huge amount about wireless industry. I am also fortunate i found a good company willing to promote me based on my own merit and not holding my past against me. There were countless times where i felt down and out. But i always pushed through and i'm not done yet. I really want to expand on my current skill set and improve even more. So cheers to everyone, thanks for all the praise. And i hope we all make it someday.** + +&#x200B; + +I doubt anyone will read this as its super duper fucking long. But i don't have many close friends that i can share my excitement with. So here we go. + +I was a very difficult kid as a teenager, my parents split when i was 12 and my older brother and sister had just left for college being only 1 year in age difference. So I was alone to be shuffled back and forth between them. My dad found a rebound pretty quick like 2 months after and spent 90% of his energy on her. My mom developed a bad drinking habit getting wasted every night. My dad was never open to talk about anything so that's kind of how we were raised. I never told my brother or sister what went on hell we weren't close only seeing each other on holidays or a call on a birthday. + +I saw what they had through their teenage years and what I got instead and I despised it. I started getting in trouble in school, got expelled quickly in 6th grade 3 weeks before the end of the year (after amassing over 60 write ups, so many suspensions etc) and they passed me anyways. + +Switched school districts a bunch over the years back and forth between my mom and dad house who lived 45 mins apart. Getting expelled 7 times, and even expelled from alternative schools. Last time I got expelled from the 9th grade for the 2nd time my family made the choice to send me to a military school GED program at the age of 15. I almost got kicked out of that for getting into 2 fights and had a lot of disciplinary platoon where we had to workout for 2 hours in the morning if we got in trouble. But the leader of the program kept me in for some reason and I got my GED 3 months later right after turning 16. + +I ended up still being bad with nothing to do now. Mom moved to another state. And my Dad kicked me out after finding weed at the house (oh btw he had 2 more kids with my stepmom who were 3-1 at this time). So at age 16 I couch surfed with friends. Got arrested 3-4 times for weed, under age drinking, evading police (running from party) ended up having warrants put out on me when I missed court. 6 charges 30 days each run consecutive since I skipped court. At this time I'm 18 now. I get pulled over while riding with a friend for a headlight being out and they ID everyone in the car and arrest me. + +I get sent to jail which I had been before on all my previous charges. Next morning they transfer me to the state prison evaluation center because anybody in my county with a sentence of over 90 days goes to prison to serve time instead of jail. I got to the evaluation center and it's where everyone gets classified to see what level yard they are going to, what gang they're in etc. Everyone in the state who goes to prison stops through this center for 90 days. Anyways I stay in here with 2 cell mates on 23 hour a day lock down (cant let us out cause we're all unclassified), only out to eat then get locked right back up. + +It sucked the only person who wrote me was my friends mom who I had been living with who cared about me like a son. She even hired a lawyer to help get me out god bless her. My mom called too actually she was always very nice over the years but lived far away and had her own problems. I dont blame my dad for not contacting me, he gave me plenty of chances over the years and I always did the wrong thing I was and am still very stubborn. So I got out after 2 months time served thanks to the lawyer.  + +Now over the years up to this point i have had several entry level jobs. Fast food, waitor etc. And i was always a very hard worker every boss i ever had loved me. I had grown out of most of my bad habits but had no way to support myself and was still living with a friend. + +&#x200B; + +Anyways my moms boyfriend had a job opportunity for me to come work with him in another state as a flagger and he was a lineman. Well i did that and quickly took over doing most of the work while he would drive the truck and flag and show me what i need to do. Which i didn't mind hes older so i didn't think it fair for him to do the hard labor anyways. So i did this for like 5 months staying in hotels there he payed for until we completed all the work on his current contract. + +&#x200B; + +So now here i was out of work again. He had been paying me $400 a week under the table which to me was a fortune. And i had no bills to pay so i was banking it all. I had a taste of actually doing something meaning full and i didn't want to let it go. Up until this point i had always been the family fuck up. My brother and sister had their own problems growing up but nothing close to what i did. I felt like an embarrassment to my family and a piece of crap knowing it was all my own doing. My brother and sister were very smart, brother became an engineer with a great company and my sister (who i have never been close with, we only have ever texted happy birthday once a year) was in medical school. I never put blame on anyone but myself only years later realizing the circumstances that had stoked the fire of my troubled youth. Even if i was put in a tough situation as an adolescent it was my fault for how i handled it. + +&#x200B; + +So here i am no job, on a greyhound going back home knowing i have no where to live and that the place is a bad environment for me because of people, drugs, etc. + +&#x200B; + +Then i get a call from my moms boyfriend 2 weeks later and he says his friend has work down in Alabama. So i take a grey hound bus down to Alabama and start working on a wireless DAS install there. My first time ever doing this work and i started at $12 an hour 70 hours a week. They had an apartment rented for us employees and i was making a killing at my age thought i had it made. The overtime made my checks actually pretty nice and i banked all of my paychecks only spending per diem we got on my necessities. + +&#x200B; + +So i loved it and started working my ass off. I sought every day to be the hardest worker there i didn't want there to be a single person out performing me. And the guy who got me the job originally was the foreman of our side of the install. And he recognized my hard work and loved me, he put me in charge of running a crew 2 months in. I was leading 4-5 people running coax cable, installing connectors, placing antennas etc. + +&#x200B; + +The job ended and the company decided to bring me on full time up in the DMV area. They bumped my pay rate to $15 an hour and had a hotel for me to stay at which they paid. We finished a 6 month project at a nearby stadium and since they're a small company the work was drying up and they had to lay people off. They were gonna send me home and i plead my case on why im a benefit to the company and why i should stay. Let me also add at this point they know nothing of my past because i was embarrassed by it and never shared it, as far as they were knew i was just a kid who finished highschool and didn't want to go to college. + +&#x200B; + +Anyways they keep me on and start teaching me new things. Mainly all the technical side of the industry. I was taught how to test and trouble shoot antenna systems. So me and a co-worker who had been there 5 years longer than me were tasked with testing cell towers for another company under contract. It was pretty new to both of us but i worked so hard on learning all of it and even researching it on my own time. + +&#x200B; + +After about 8 months the company who was hiring my company to do the testing was requesting only me out to the sites since i did a good job and was very quick. Once i found this out i negotiated a pay raise to $18 and i got a company vehicle that i was able to take home. Around this time my brothers job brought him into the area since he was leading a project at a local military base repairing all of their water system. And he bought a house and i moved in with him which worked great. Paying $600 a month in rent to him. Little did i know this would benefit me so much down the road. I always kinda idolized my brother. He was a great people persons, everyone loved him. He knew how to talk to girls, he was really smart and he always tried to be a father figure to me when my dad was absent. + +&#x200B; + +I did this for a about 2 years working an average of 60-65 hours a week. Going above and beyond, and never missing a day of work. Hell i didn't take a sick day for 2 years and was never late and worked every weekend they asked me to even if it was last minute. Well i started to get run down after doing that almost everyday for 2 years and asked for a raise and they pushed me to $23. And we ended up losing our contract with that company testing cell towers. They started doing it themselves to cut down on cost. + +&#x200B; + +Well a big project came up in DC that was over a year long and my boss choose me to run the whole thing. He really believed in my work ethic. I was the only person there from my company that was experienced, we hired on 6 temp workers who had no experience. I trained them all on every aspect of our job and we completed the job ahead of schedule and everyone was praising me. At this point i was turning 26 and was going to be dropped from my dads health coverage. I called my boss and said i really want a raise i need $25 an hour since ill have to provide my own health care. Well he gave me $25 an hour and the company since we were growing picked up a health insurance plan, as well as 401k with match. + +&#x200B; + +Once the job ended we got a bit slow again but i started working in the office doing wireless communication designs. Designing DAS systems for a major carrier in all sorts of venues. Office buildings, Stadiums, Concert halls etc... And i picked it up really quick. After about 5 months i was doing all the major designs our company got by myself practically, only asking the engineers in the office for advise when needed. + +i end up doing this for quite a while at least 2 years and in that time i found a girlfriend and she ended up unexpectedly getting pregnant. I swear when she told me my life flashed before my eyes. I just didn't think i was at all capable of taking care of a kid i didn't think it was the right time. But we decided to keep it even though we had only been dating for 6 months at the time. + +&#x200B; + +I just keep busting my ass but i knew i had to make more money. The cost of living here is high and although i had amassed 16k in savings while living with my brother, he was moving to another state. His job had moved again and he wanted to sell the house we lived in now. He ended up renting it to me for a discount, and i actually still live here right now (although im moving in feb.) but it was still more money then i had been spending. + +&#x200B; + +The baby and frivolous spending with my new girlfriend caused me to almost drain my bank account. We hired some new employees that had experience but were from another company. I found out they were making more than me while doing way less skilled work. This kind of made me resent my company a bit, i wasn't mad at my co-workers hell everyone should fight for as much money as they can. But i was mad at the office, i didn't feel appreciated. I was employee of the years 2 years prior (the only time we ever had an empoloyee of the year) everybody at the company admitted i had the best work ethic etc.. + +&#x200B; + +Well a little over a month ago i was contacted by a headhunter. Someone who worked under me at the big DC project years ago used me as a reference. At the end of the call he asked me about my skill set and said he had some opportunities for me. Well he ended up connecting me with a bigger company in the same area who does very similar work. I had an interview with them for a field tech position (commissioning das sites) and at the interview i blew them away. They actually had me come to a 2nd interview the next week instead now i was interviewing for the Design Engineer role and the CTO sat in on the interview. I completely nailed that interview as well. + +&#x200B; + +And a week later i got an offer for a position 75k Base salary plus all benefits. I talked with my family and decided it was the right move. I didn't want to get into a bid war with my current company and i thought it would be bad etiquette to say "I was offered XX amount, what can you guys do for me". So instead i wrote out a formal two week notice and sent it in. + +&#x200B; + +My company was shocked, my co-workers all said they don't know what the company would do without me. I practically can do everything there. My immediate boss asked if there is anything he can do to make me stay. And not wanting to get into a bid war i said no. Next week i was in the office and the owner says "What do you need to want to stay here" I told him the same thing and he ended up telling me to sleep on it and talk to him the next day. + +&#x200B; + +Well the next day im at the office doing a design and he pulls me aside to talk to me. He says they really appreciate everything that i do and he wants me to stay for all the right reasons. He said he would give me the title of 'Design Engineer' and 85k a year base salary with annual bonuses. I was a little shocked. I knew they would make an offer to keep me, but i didn't expect it to be 10k more. Plus i already have a take home vehicle with them which they pay insurance, gas, maintenance etc. Which i wouldn't get at the other company. So total compensation is like 92-93k a year. + +Last year i only made 53k total for the year at $25 an hour. This is a 30k raise and its guaranteed salary. I always thought i was under paid but now i really feel i'm getting what i deserve now. And man it feels good. + +Sorry for the super long rant. I just feel really good. Although i never tried to care what people thought of me because i know i'm a good person and work hard. I always felt out shadowed by my siblings, it feels so good to hit this milestone and be able to better provide for me and my family. +Original post [here](https://www.reddit.com/r/fatFIRE/comments/kvcg2t/fatfired_at_35/) + +Its hard to believe a year has past since I hung up the work boots and started enjoying early retirement! While Ive had a lot of personal growth in 2021, I'll stick to the updates you all want to read. IE - Updated Net worth / What did I spend in 2021 / Any unexpected early retirement issues. + +**Whats my current NW?** (Excluding primary residence) - My overall NW increased $700,000 to $4.5M (Up from $3.8M at the start of 2021) . + +Both my stock and real estate holdings have appreciated bringing me to this new total. After pulling the trigger the stock market did what it does and jumped around quite a bit. Initially , it was a bit nerve wracking dealing with the ups/downs . However, I decided the only reason its caused me stress is that I pay more attention to the accounts now. Prior to retiring I would check the accounts weekly/monthly. After retiring it became part of my daily routine. While I haven't weened myself off daily reviews, the stress has been alleviated (even during $200K down days) reminding myself that the game is played out over years - Not days. + +The rentals continue to provide a steady stream of income and have been a great resource when I refinanced my primary residence without a W2 job. Outside taking twice as long as previous refiancees the mortgage company was able to establish a yearly income based on both my NW and rental income. Overall I'm glad I hold RE as part of my portfolio even if it requires a bit of work. + +**What did I spend in 2021 ?** \- \~$175,000 + +I ended up spending more than I initially intended to in 2021. But mostly on big ticket items ( new mtn bikes , small sail boat, wakeboard boat , backcountry ski set ups, additional travel , etc) that I will have multiple years of fun with. I put a deprecation review together for items over $5,000 and see what it would cost me over the life of the product per year vs looking at the initial spend. Once my cost per year is worked out and it fits into my annual budget I'll purchase the item. The key however is I bought most everything used . People in the Bay Area buy a lot of shit they don't need and Ive reaped the benefit. Ive saved over 50% vs the new purchase price on the items I picked up. I actually enjoy buying used toys that I get at a great deal vs going to a store and buying new. + +**Any unexpected early retirement issues?** Not really. But its only been a year. + +Everyday I'm retired has been better than the last. I don't miss the corporate grind one bit and its reinforced when I talk with my friends who are still working. In fact , being retired is easier than I expected. If your numbers look good on paper they will most likely play out in real life. Im not WSB investing - Just VTI / Apple/ Tesla. + +**Closing Note** + +Two things have stood out to me post retirement. Its wasn't enough to retire to something for me, I needed to retire with someone. The biggest impact on my happiness post retirement was having my partner experience early retirement with me. + +Committing to prioritizing friends and family keeps me grounded. I have time and money. They might not. Being able to watch a kid when the parents are in a pinch , helping with projects they might have, and paying for vacation spaces and inviting them to come has made retirement much more fun. + +I hope all you aspiring FIRE folks goals played out in 2021 and continue into 2022! +I’m not working due to covid. I’m doing freelance deliveries but it’s been dying down and I don’t get my money until Tuesday. +I’m living check by check, I had been negative a couple of dollars in my bank account and had a credit card payment due. I am extremely anal about not missing a payment. I panicked but scavenged enough of my collected cash tips together to just barely get me out of negative and to pay the minimum due. Then a freaking reoccuring monthly fee I forgot about hit and drained my account back into the negatives and then I got slapped with an overdraft fee and I just woke up to -$70. +I don’t get any form of money until Tuesday. I think I’m going to puke. All of my cards are essentially maxed out trying to get by, I just got accepted into my dream school but I have tuition deposit due in a few days that’s a couple hundred dollars and then semester tuition due in a few weeks, plus textbooks, etc etc I just want to curl into a ball and scream and cry +I don't know what else to say about this, other than I'm glad I don't live in Canada... + +[https://www.surreynowleader.com/news/surrey-landlord-must-pay-aboriginal-former-tenant-23300-for-not-letting-her-smudge/](https://www.surreynowleader.com/news/surrey-landlord-must-pay-aboriginal-former-tenant-23300-for-not-letting-her-smudge/) + +I don't know if "Human Rights Tribunal" decision is legally binding in Canada or if there is an appeals process? +I deposited ETH, from an address I have used many times, to my CB address I have used many times without issues. Deposit made on Christmas day 2021. + +I got the usual CB email saying they'd received my deposit, and the tx is confirmed on etherscan. + +The coins were never put into my portfolio. + +I opened a support ticket, and got a vague non-answer by reply (we're looking into it). It was promptly closed without explanation. I have since opened another 3 tickets which have all been met with similar vague responses, and then the tickets are closed without explanation. My requests to make a complaint have been ignored. I posted on their subreddit 2 weeks ago and got another vague response, no DMs etc. + +I've posted there again today but don't expect much. + +My account is not suspended etc., I am still able to transact with existing funds and deposit fiat. I tested this yesterday. + +The funny thing is I trade high volume and had I continued using CBP, I would have paid them multiples of the value of this deposit in fees over the next 12 months. Congrats, you played yourselves. + +I was able to live with CBP constantly going down during periods of volatility (sus AF!) but this is crossing the line. + +**I am purely posting to encourage others to stay away from coinbase and CBP.** I am not the first person this has happened to. There are literally hundreds of posts like mine on their support sub where people have had funds vanish and the support team just ignores them. + +Aside from this their fee structure sucks anyway. People seem think CBP is the cheapest for fees but they're only the cheapest if you trade over $100k per month. I only used them because it was a quick cash onramp from my Revolut account. I'll be sticking with Binance and Kraken from here on out. I will also be looking at the LRC DEX because they pay you to trade. + +Be careful where you leave your funds. + +EDIT: Lots of people doubting the legitimacy of my post which I guess is healthy skepticism. When I get home from work I will redact my personal details and edit in links to my (very one sided) correspondence with Coinbase. + +Edit 2: I've done the above with mods. + +**Edit 3: RESOLUTION!** Thank you all so much for your support. I'm happy to report that Coinbase were **magically** able to resolve my issue straight away after I tagged their reddit support account on this post. I received the mail in this image: + +https://ibb.co/b61rYK8 + +I went straight to filing a complaint and within about 10 minutes my account was credited with the missing funds. They have devalued by about 30% ish since I sent them, and I sent them to be sold immediately at the time, but I seriously doubt I'll get anything else out of CB. I'm just glad to get my coins back at last. + +Thank you all again. Naming and shaming most definitely works. + +Also, a final word, a lot of people are looking for alternative exchange recommendations. I am in the EU and use binance a lot, also have a Kraken account and they have been recommended by a lot of people. But I know these aren't great options for some people in the USA. + +I'm also going to look at using the LRC DEX for trading as they pay you to trade via negative fees! Amazing. I don't believe there's any geo blocks on this either. The issue I experienced makes me think DEXs are the way forward. + +Good luck to everyone this year, don't forget to buy high and sell low 🚀 +**FYI** u/jsmar18 **banned me 20 days ago for nothing and has yet to lift my ban. You're reading my DD from Oct 20th...Check that chart at the bottom :) Want more?** u/Karasuuchiha **banned me from gme also for nothing.. epidemic of bad mods if you ask me. Read my DD and ask yourself "why is that happening?" If jsmar sticky's a comment, know i can't reply and he knows that. I have some screenshots -** [**shorturl.at/ruEJ3**](https://shorturl.at/ruEJ3) **- where did all the DD writers go?** + +# The Everything FTD - is basically what Jim Decosta was saying + +Jim Decosta and Thomas Reilly need to do an AMA in my opinion...the knowledge given would be invaluable + +EDIT: that this practice is so widespread and so bad that all naked shorted/naked sold companies would see these backlogged FTDs come back and squeezes would pop up everywhere....guess what..this year is what he was eluding too. FTDs are the achilles heal of the entire current crooked market structure + +https://preview.redd.it/tehb45q9rmu71.jpg?width=583&format=pjpg&auto=webp&s=72aa1a7f99525cc0739645dd9cb8d1422b4c182d + +[https://www.sec.gov/comments/s7-12-06/s71206-826.htm](https://www.sec.gov/comments/s7-12-06/s71206-826.htm) + +Overstonk on RegSho list for 500 days consecutive\^ + +https://preview.redd.it/gb23k8ytwmu71.jpg?width=1130&format=pjpg&auto=webp&s=974e8f68920a9454ed214f8462ebbfe2ea7b20c5 + +https://preview.redd.it/n3qbvgvarmu71.jpg?width=593&format=pjpg&auto=webp&s=660d1054d1f220880e9a958e3b1eb21b1013539c + +MUST READ!!! Jim Decosta letter to SEC chair in 2008 explaining the who, what, when, where, and why of FTDs being hidden using international markets, DTCC, NSCC, the continuous net settlement system helps hide 96% of delivery statuses... 192 million FTDs is so low guys... there were more than that in January alone!!! + +**$GME has had on average about 110 million volume per month for the last 8 years. Every share that was bought and never delivered.... is still an undelivered share. The name of the game is not to buy back in the FTDs, it is only to siphon money from retail investors who thought they were really buying a piece of a company.** + +[https://www.sec.gov/comments/s7-08-08/s70808-428.pdf](https://www.sec.gov/comments/s7-08-08/s70808-428.pdf) + +[https://www.sec.gov/comments/s7-30-08/s73008-75.pdf](https://www.sec.gov/comments/s7-30-08/s73008-75.pdf) + +[https://www.sec.gov/comments/s7-12-06/s71206-88.pdf](https://www.sec.gov/comments/s7-12-06/s71206-88.pdf) + +# ----------------------------------------------------------------------------------------------- + +# This document in this link is pictured below: + +[https://www.sec.gov/comments/s7-30-08/s73008-110.pdf](https://www.sec.gov/comments/s7-30-08/s73008-110.pdf) + +&#x200B; + +https://preview.redd.it/oeie1olymmu71.jpg?width=668&format=pjpg&auto=webp&s=71cfe763ca7860f36a255c61da3329890d5c0a02 + +&#x200B; + +https://preview.redd.it/bf0qi2k0nmu71.jpg?width=665&format=pjpg&auto=webp&s=c536515c9f7766c8abf1bf3ab16a9bc219ab95a9 + +&#x200B; + +https://preview.redd.it/ci7bl9yinmu71.jpg?width=648&format=pjpg&auto=webp&s=60b56dfb965ca6bf9c56ee73e4edf81881d2c2c1 + +https://preview.redd.it/kad3wct9nmu71.jpg?width=674&format=pjpg&auto=webp&s=7c5b437d830e7290fcb45deaf9ce90a319aba5f9 + +https://preview.redd.it/eje99o54mmu71.jpg?width=637&format=pjpg&auto=webp&s=32eaa0977658cfd30c58ee415bfbf94400a23518 + +https://preview.redd.it/zdumg563mmu71.jpg?width=643&format=pjpg&auto=webp&s=8238904c8ee9563cf70933fa1f507981643d5475 + +&#x200B; + +https://preview.redd.it/fuchou5zlmu71.jpg?width=659&format=pjpg&auto=webp&s=bb81358a1bb47dbb143ef5c472a53a4a46b8cc91 + +https://preview.redd.it/0emfi6yxlmu71.jpg?width=693&format=pjpg&auto=webp&s=4a7028f10dd501cab930fbabd727235022c3ff4c + +https://preview.redd.it/w0g0fc6vlmu71.jpg?width=651&format=pjpg&auto=webp&s=676ea17f4dad7517f10a7251e991e123442db69c + +**"1. The SEC must incorporate a mandatory pre­borrow on all short sales being executed. The mandatory pre­borrow will reduce significantly fails attributed to both long and short sales and will guarantee settlement where a hard close only guarantees a buy­in will occur.** + +**2. The SEC must modify the rules pertaining to bona­fide market making to limit the persistence of any fail created by the exemption. Bona­Fide market making must define a firm settlement period instead of making it arbitrary. That period should be defined as T+5.** + +**3. The SEC must place hard requirements on the stock lending system to mandate a delivery period on stock recalls. In the event that a long sale is executed and the shares held in that account have been loaned out, the recall and delivery of shares must be completed by T+5. This allows the short seller a few extra days to either borrow shares for delivery of go into the open market and purchase shares under guaranteed delivery.** + +**4. The SEC must draft language that defines the requirements of a buy­in including the definition of buy­in and settlements. Buy­ins must be at guaranteed delivery and not to simply roll fails. Penalties must be identified for those that do not buy in with the intent on meeting guaranteed settlement.** + +**5. Uptick Rule. The SEC must reinstitute a viable uptick rule that restricts all short sales from being executed into the bids. This would include short sales executed by market makers on behalf of bona­fide market making activities.** + +**6. I further recommend that the Division of Enforcement and the Office of Compliance and Inspections pursue detailed investigations into exactly why trading continues to prevail into settlement failures for greater than 17 days (better yet 6 days). The two divisions should work together to identify patterns of potential abuses by individuals or firms including market makers, hedge funds, or other trading parties. It is unclear at this time that this effort has even been conducted to a level adequate to ferret out the fraud.** + +**In the response to the OIG the Division of Enforcement staff cited a lack of resource as cause for not investigating the 5000 complaints received in 2007 relating to naked short selling. Lack of resource is an excuse comprised out of inefficiencies. To date, the SEC Division of Trading and Markets has handled short sale reforms inefficiently and it has drained the staff of opportunity to work on other pressing issues. It is now time to stop this circus and move on. This round of rules must meet the standards of finality and that means meet the standards of success against any type of market we are up against."** + +&#x200B; + +https://preview.redd.it/w01pog75qmu71.jpg?width=651&format=pjpg&auto=webp&s=6efd3a01fd695e597905e2acf2b50b23f73fb76b + +PSA: Only b\*t accounts use the words "cumulative" and "aggregate"...some reddit bots use Eli5(explain like I'm 5) sub reddit responses to make comments on posts. Test one of the b\*t reddits for yourself + +FYI: Just above this last image is a list of suggested changes to the market, what do you think about them? Have any of them been implemented? + +Still working on this carving btw: + +https://preview.redd.it/qm7jek8utmu71.jpg?width=822&format=pjpg&auto=webp&s=c29197f9ebd03db23a213d07811565b080523cbe + +# + +https://preview.redd.it/i528nop1mqu71.jpg?width=1434&format=pjpg&auto=webp&s=e381e781edde506eeec7ce17476c1f04a8870ccd + +# ^ Still on track? + +# [https://www.britannica.com/event/Mississippi-Bubble](https://www.britannica.com/event/Mississippi-Bubble) + +\^ where naked selling began I think as well as the South Sea Bubble of 1720 + +# EDIT: 11:35 PM EST 420K Views!!!! It's only fitting that I make this the last update + +&#x200B; + +https://preview.redd.it/0485sgzl4qu71.jpg?width=828&format=pjpg&auto=webp&s=631f8c183cc118c385f6ee2bc185c37fca6a451c + +&#x200B; + +**It'd sure be nice if we could let the SEC know that we know they know the FTDs are backlogged and waiting to be bought in so we can install a new stock market computer system that won't allow this counterfeiting of shares any longer** + +I can't help but think that this phrase "house of cards" is where u/Atobbit got the title for his DD because he was already thinking about FTDs talking to Susan Trimbath live that one day. It's a shame he made a correction to his DD and someone wrote a scathing post about him and he vanished after that...why would anyone turn their back on Austin like that....he opened the lid to pandora's box. That guy is a national treasure btw + +# #SECknows <--- search that on google + +&#x200B; +So at 7:30 yesterday morning my father fell, I helped him up and said we were going to go to the hospital, I got him to my vehicle and put him in the front seat said I love you dad, he said he loved me. Then I shut the door, my mom screamed His name and I looked to see him in what appeared to be a stroke…we ran every stop sign and every light until we saw the ambulance (we live far out) they managed to get his pulse back but by the time we got to the hospital it was too late. + +He was everything to me and to see him transition from a denier and calling me a moron last January to the last few months he was all about it and was thrilled to see everything I had been reading and saying coming true. + +I will hold for him and to make the world better. I was excited for the possibility for him to retire and not stress but alas things don’t always go how you plan and if this doesn’t pan out like we think then so be it but I will continue to strive for accountability and true personal freedom. + +This community has been the closest thing I have had through a terrible year, this isn’t a karma farm or anything I honestly don’t care I just miss my dad and was glad he had become an ape in the end. + +I love you dad. +Given the growing hype surrounding the [$65 Billion Rivian IPO](https://www.cnbc.com/2021/11/05/rivian-raises-ipo-price-range-and-could-now-be-worth-up-to-65-billion.html) \[1\], I felt this is the perfect time to follow up on my [first analysis on IPOs](https://marketsentiment.substack.com/p/can-you-make-money-from-ipos?utm_source=substack&utm_campaign=post_embed&utm_medium=web). In the previous analysis, we realized that the majority of gains were made from the listing itself and those who invested on listing day gained a measly 1.3%. + +[ ](https://preview.redd.it/mqaqckgwcky71.png?width=950&format=png&auto=webp&s=75ea35ba0f98fc279ed026f8a25155e7226b2bd7) + +In most cases, [less than 10% of the total IPO](https://money.usnews.com/investing/investing-101/articles/how-to-buy-ipo-stock-at-its-offer-price) is allocated to retail investors. Adding to this, a multitude of other factors such as your brokerage account, account balance, the historical trading pattern will all contribute to whether you get the IPO shares or not in the end \[2\]. + +Given that the chances of you making it into the IPO allotment are bleak, what I wanted to analyze is, if we miss the IPO bus, + +**What is the best time to buy into a recently IPO’d stock?** + +Should it be on the listing day itself or should you wait a day, week, or even a month for all the hype surrounding the IPO to die down and the stock to come back to its “real” valuation \[3\]? + +[ ](https://preview.redd.it/6r1e0pexcky71.png?width=1728&format=png&auto=webp&s=b68938eda8a8e6584086ea2526191de2780d79d4) + +**Data** + +I have leveraged the same data source (iposcoop.com) that I used last time. They have documented almost all the IPOs from 2000. But for this analysis, I also needed stock price-related information for periods long after the stock had been listed in the market. + +The stock price information was obtained using Yahoo Finance. After all the quality checks, we are left with 1,063 IPOs from 2000-2020. All the data used in the analysis has been shared through a Google sheet at the end. + +[ ](https://preview.redd.it/hfp6m7fxcky71.png?width=1728&format=png&auto=webp&s=dfd882f472db5ff2b24712d6f45c044dc64e39c8) + +**Analysis** + +Since the idea is to find the best time to invest in an IPO, we have to compare the returns for multiple time periods. I calculated the one month and one year returns in case you had invested on the day of the IPO as well as if you had invested in the stock after + +1. One day +2. One week +3. One month + +The returns are then compared against each other to find the optimal time to invest in the stock after it has IPO’d. The returns were finally benchmarked against SPY to see if it makes sense to put in all these efforts - only to maybe underperform the market! + +https://preview.redd.it/ye8izwexcky71.png?width=1728&format=png&auto=webp&s=30984f6232e1f112b0c744102ac326753b7ffaaf + + **Results** + +[ All calculations are done using the adjusted closing price ](https://preview.redd.it/6p2fjb8zcky71.png?width=730&format=png&auto=webp&s=a8ae5dd59fc7b4f35490db939a47910628e35c1b) + +Surprisingly, the gains you would have made from the IPOs are inversely proportional to the amount of time you waited for your investment. On average **the most amount of return is obtained by someone who invested on the day of the IPO itself**. The more amount of time you wait for your investment, the lesser your return is! + +But what if you are not interested in the short-term returns? What if you are a buy-and-hold type of investor? + +[ ](https://preview.redd.it/xb4m0fb0dky71.png?width=730&format=png&auto=webp&s=f6de5081e2294013b5f3c0623947618f020fa381) + +If you are a long-term investor, **you would be better off buying the IPO after waiting for a week**, as it generated the most amount of return. But what is interesting is that waiting a week for the hype to die down would only increase your return by 9%. Waiting any further would only ***decrease your overall return.*** + +So if you are planning on buying into an IPO but did not get an allocation at the listing price, you can wait a week so as to see how it performs in the market, avoid any large swings that the first week might cause, and still come out on top over the long run! + +Now, let’s compare the performance of IPO stocks against SPY. After all, even though you are getting a good return on your investment, if it does not beat the market, you would have been better off just investing it in SPY rather than doing all this research on IPOs. + +[ ](https://preview.redd.it/22629f01dky71.png?width=900&format=png&auto=webp&s=984853c5a19444697739f7f3d7983def43846702) + +IPOs’ returns on average ***beat the market*** over the last two decades. The trends are similar to the ones observed earlier with the delta over the market return depending on how much time you waited before investing into the IPO and generating the highest amount of delta by waiting one week from the day of the IPO. + +Now it would be amiss not to discuss the inherent risks associated with investing in an IPO. Out of the 1,063 IPO’s in our analysis, only 62% of them gained in value and only a measly 29% of the IPOs beat the market over the long run. The outperformance over the market is coming due to a few outliers (Tesla - 25,000%+, Shopify - 5800%+, etc.) If you miss out on the top 1% of successful IPOs, your returns would be much lesser than the market. + +[ ](https://preview.redd.it/i454uhfxcky71.png?width=1728&format=png&auto=webp&s=46a766012f32cdb317b37001a32f5340b05b829f) + +**Limitations** + +The above analysis comes with some limitations that you should be aware of before trying to replicate the strategy + +1. The number of IPOs in the analysis is approximately 1/3rd of the total IPOs which occurred during 2000-2020 \[4\]. I don’t think this is a major concern since our sample of 1000+ stocks would be much more than enough to give statistical significance to our analysis. +2. Another limitation is that the delta that you are observing here might just be due to the additional risk that you are taking by buying into lesser-known/small-cap companies. The risk-adjusted return might give a different result. +3. Continuing from the above point, we are currently in a massive bull run with ATH being broken every week. So the additional risk you are taking will be well rewarded but the outcome might look different if we do the same analysis in the middle of a bear market. + +[ ](https://preview.redd.it/rlcfw8a2dky71.png?width=1728&format=png&auto=webp&s=6f8635abccc083367c60b7e03a96ac4174f8045d) + +**Conclusion** + +Buying into an IPO is an exciting prospect. Our analysis proves that even if you miss out on getting the IPO allocation, it’s still possible to beat the market by investing after the stock is listed on the market. + +As I [explained in my last post on IP](https://marketsentiment.substack.com/p/can-you-make-money-from-ipos)O, investment banks are incentivized to slightly underprice while listing (unless it’s a really popular company) so that the IPO issue is 100% subscribed (their fees are dependent on a successful IPO) \[5\]. + +Whatever the case may be, if you are planning on holding on to the IPO only for a short period of time, you can maximize your returns by investing in the IPO as soon as it’s listed whereas if you are a long term investor who is planning to hold on to the stock for a very long time, its better to wait a week or so for the stock price to settle before making your move! + +Analysis Sheet containing all the data: [here](https://docs.google.com/spreadsheets/d/1QqRNZEsTfgG6f8GfI-n6qBAai9wrUA47hFMYg6tz098/edit?usp=sharing) + +Until next week… + +[ ](https://preview.redd.it/hekbeva2dky71.png?width=1728&format=png&auto=webp&s=0b99e94f3b6cbf5298ac5beb6158b4fed1b8fb7d) + +**Footnotes** + +\[1\] The company has [only built and delivered 56](https://insideevs.com/news/542908/rivian-production-numbers-first-month/) vehicles as of Oct21. If Rivian IPO’d at $65 Billion, it means that each vehicle it delivered added more than $1 Billion in value to its shareholders. A similarly valued Ford delivered 4.1 Million vehicles in 2020. Truly wild times we are living in! + +\[2\] Brokerages tend to allocate IPO shares to their premium clients - [In the case of TD Ameritrade](https://www.tdameritrade.com/investment-products/IPOs.html), your account must have a value of at least $250,000 or have completed 30 trades in the last 3 months. + +\[3\] Take the examples of Robinhood and Coinbase IPO. Robinhood tanked on listing day losing 8% only to rally almost 100% in the next one week before coming back down to near its IPO pricing. Coinbase also had a wild ride on listing day with the share price going as high as $429 before crashing back down to \~$310. + +\[4\] The major limitation was the absence of financial data in Yahoo Finance for certain stocks. + +\[5\] There are a lot of contradictory opinions regarding this with [some research](https://www.sciencedirect.com/science/article/abs/pii/S0275531918309280) showcasing that IPO’s are usually undervalued while [others argue](https://academic.oup.com/rfs/article-abstract/17/3/811/1612977?redirectedFrom=PDF) that IPOs are overvalued. I guess you can twist data however you want to tell your story. + +https://preview.redd.it/oxqqfia2dky71.png?width=1728&format=png&auto=webp&s=c641542f94fec24a101d78a717b96eb66cc33c1c + + *Disclaimer: I am not a financial advisor. Please do your own research before investing.* +I have been keeping an eye on this Colorado river drought and other lakes around the areas I have some properties. +I wonder if I’m being paranoid about all of this or would or should I sell them before sh*t hits the fan and all property values plummet because we won’t be able to live in an areas without fresh water. +Of course it might take some years further down the line but it’s getting pretty bad. + +Would really value someone’s opinion on this. +This is more of a trying to learn post. I am 30, 6M$ net worth almost all of it is in the stock market. I have a 0.9M$ outstanding mortgage on a bay area house, about 0.35$M margin at ~1% variable interest, a 30$K car loan. I live with my wife and two cats and we both don't plan to have children (nobody knows how we will feel in the future, but that's the plan for now). + +I ask because while I am usually considered pretty smart in my line of work, I have a habit of thinking it extends to everything, and making stupid mistakes due to it. + +I have recently taken a job at a pre-IPO company, so a lot of my income has turned into paper money, but my spending habits haven't adjusted. So far the returns from Stock markets have covered it but I am concerned I might fuck myself over if a recession hits. + +I hear stories about people losing everything in a crash, but I don't know whats the mechanism of such a loss. Were they over leveraging margin? Too many loans? I would like to understand what scenarios can cause me catastrophic loss and have a plan to cover for that in the next 5 years before I retire. +Bought a 6 unit building in MN for $600k in Sept 2021. It had a single long term Triple Net Tenant and the lease was through 2026. Place definitely needed work, but they were responsible for insurance, taxes, and maint. I had a lawyer review the lease and it was fairly tight. + +First 6 months was great and it was cash flowing like a beast @ $3,500 month (that’s after mortgage and minimal expenses). Then they stopped paying and refused to work out a deal. I got the lawyers involved and we have been in litigation ever since. + +Well they abandon the property and let their insurance laps due to nonpayment, though they renewed insurance for 2022. Now I have a burst pipe and loads of water damaged in my uninsured building as my own policy is only liability. I’m f*cked. + +I should have: 1) double up on insurance the moment they became an issue, 2) retake possession of the property ASAP 3) full court press legally as soon as the first payment is missed. + +^ learn from my rookie $600k mistake. Open to advice + +This is my first commercial deal, but I have done smaller residential deals previously, so no my first rodeo in REI. Just my biggest deal to date +Being a fatfire forun, i am curious what this community thinks of this. Many of our posters/subscribers have different safety/security issues and concerns than the average person. A person like him would be extremely difficult to just disappear with no signs, even in a place like China + + Elom Musk or Jeff Bezos just disappearing would be next to impossible here. + +This is crazy. + +Jack ma missing](https://au.news.yahoo.com/jack-ma-missing-232138645.html) +So, a bit of a terrible situation. I'm in a position that pays well, at a great company, but recent events have made it so that I've been living paycheck to paycheck. I've been booked to go on a business trip, but I've realized that I can't afford it. + +My dad died suddenly two months ago, leaving me as his only adult child (age 24) to manage his funeral expenses, probate expenses, and guardianship over my little brother (age 16). I've also had to pay for my mother's living expenses and I'm in a bit of a lengthy legal issue as my dad died intestate. So storage fees, legal fees, paying for the insurance on his cars, etc. I've been taking care of my boyfriend's dog while he's in basic military training, and to go on this business trip, it'll take about $300+ to pay for her lodging and there are travel fees (that my job has made clear they won't cover) I'll have to incur that I just don't have. I know it's not much money exactly, but it's just not something I can justify as I scrape my bank account. + +Also, my boyfriend can't send me any money because BMT won't allow him to communicate with the outside world. + +I didn't realize how expensive this trip was going to be, and now with guardianship proceedings starting out of nowhere, I just can't come up with the scratch. The trip is a week out and I would feel awful about canceling. + +Any advice you can offer would be much appreciated. + +**EDIT:** Thank you everyone for your responses. It makes sense that companies don't cover dog boarding – I realize I made some major missteps during such a confusing and stressful time, and it's certainly not their responsibility to cover for those mistakes. There's a lot I'm just now learning about estate planning and guardianship and the like. I will do my best to cancel the trip. + +**EDIT2:** My mother (who lives in Detroit, MI) is not my brother’s mom - there is tension between the families and my mom is not an option for his care. He is also autistic and his own mother is kind of ill, which is why we’re going through guardianship proceedings in the case she cannot care for him. I would love to leave the puppy with him, but he cannot be left alone due to the severity of his autism. Thank you everyone who suggested this - I agree it would be the best option, but the situation is kind of unusual. + +**EDIT3:** When I say there are travel fees I can't cover, I mean upfront. I just don't have the money to do so, and can't wait for two weeks to a month to be reimbursed.I have too much to cover and will need to wait until the next few paychecks to catch up. Just looking for advice to approach employer, please do not DM me with rude or off topic messages. + +**EDIT4:** Just got off the phone with my boss, who is really so understanding and helpful (he also very recently lost his mother, so he's that much more understanding), and I was able to cancel my trip. They're going to find a replacement. There has been a weight lifted and I feel so much better. Thank you everyone for talking me through it. +I took a free options course a week ago, didn't learn anything other than how to get upsold on the very thing the course was suppose to offer, limited time offer.. 70% off... act now ... Anyway a week later and I am now getting flooded with all the calls from Eastern Europe trying to sell me trading strategies. Obviously these guys are making money by selling your information, so stay clear. +French Connection Finance has booked a PLATINUM booth in the most prestigious crypto expo in the world! + +FCF representatives will be attending CRYPTO EXPO DUBAI 2022 on March 16-17. They even have a 20-minute on-stage presentation that will broadcast FCF and FCFPAY to the world! + +Official partnership with the marketing company Chambers group rolling out in the upcoming few days. Over 100k being used for brand awareness and exposure! + +REBRANDING is completed! In order to avoid any confusion whatsoever regarding the fact that FCF is 100% a utility project, a new corporate image has been revealed. The utility launch marketing plan will also begin in earnest in the days and weeks to come. + +Over 500 Merchants have already signed up to accept crypto payments for their goods and services through FCFPAY! + +Discover our Revenue Sharing Token Ecosystem! (RST) A real world product(FCFpay) that keeps fueling our investor token $FCF! + +$FCF is a revolutionary token developing a crypto payment gateway called FCFpay. It integrates with the two biggest e-commerce platforms – WooCommerce & Shopify. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +Imagine paying directly with crypto! You will soon be able to shop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +FCF Pay will, for example, allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +That’s why their motto is “EMPOWERING CRYPTO”! + +$FCF was already listed on 4 exchanges over a period of just 4 weeks! LBANK, HOTBIT, COINSBIT AND LATOKEN… and there are more to come! + +The payment gateway will incentivize adoption by featuring a fee structure that is lower than PayPal and credit card processing companies. + +Live Beta testing is underway right now! You can even go and try the early beta for yourself on the FCF merch store. + +Every payment gateway transaction will also induce a buy back and BURN mechanism in FCF, thereby increasing the value of your FCF by reducing the overall supply! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +Become an FCF affiliate! Earn a stream of income of 0.1% off every transaction processed through FCFpay for 3 years upon having a merchant implementing FCFpay with your affiliate link! + +Refer your friends and family to purchase $FCF token with transactions over 1500$ and earn 1.5% of the transaction as a commission and have the new investor get a 3% refund! + +Register for your affiliate ID code here: [https://affiliates.frenchconnection.finance/?RefID=MQU8Wm](https://affiliates.frenchconnection.finance/?RefID=MQU8Wm) + +As a great cherry on the cake, FCF has launched an NFT collection, The FrenchFellas! The collection is based on our spiritual leader, Gotto the French Bulldog. + +The Dev is always active and always OVERDELIVERS. + + +Dev is Doxxed, KYCd and a Certik audited! + + +Medium: [https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7](https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7) + +The FrenchFellas NFT! You can win up to 140 000$ by minting: [www.frenchfellas.com](https://www.frenchfellas.com) + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance) + +Payment gateway website : [www.fcf-pay.com](https://www.fcf-pay.com) + +NFT Website: [www.Frenchfellas.com](https://www.Frenchfellas.com) + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +First a foremost, thank you all for the great questions from the last AMA. I want to be able to answer questions that any of you have from the perspective of someone who works in the wealth management industry. If you missed the first AMA, see below. + +[https://www.reddit.com/r/fatFIRE/comments/mhxhsq/ama\_i\_am\_a\_wealth\_advisor\_to\_high\_net\_worth/](https://www.reddit.com/r/fatFIRE/comments/mhxhsq/ama_i_am_a_wealth_advisor_to_high_net_worth/) + +&#x200B; + +I want these posts to give anyone the opportunity to ask anything on their mind. I will give you my honest response no matter what that may be. + +Below, I wanted to give a little bit more detail to a few questions that I felt needed it from the last AMA. + +With that being said, my disclosure is that I have not reviewed anyone's personal situation and this is not financial advice, this is my 2 cents. ASK ME ANYTHING! + + + +**How much crypto currency should I own?** + +Every investment you look at should be viewed from a risk vs. return perspective. I am not going to try and claim ETH is better than BTC, dogecoin, etc. If you have the risk tolerance AND that ability to take that kind of risk, then an allocation to crypto could make sense for you. In my line of work, all my clients have built their wealth already and are either looking to grow their wealth without taking excessive risk or ensure their spending/lifestyle can remain unaltered. They are not trying to knock it out of the park, therefore the risk that is embedded into their portfolio is minimal compared to investing large sums in crypto. + +**Are you a Fiduciary?** + +Yes – Personally, I would never work with anyone who is not a fiduciary. You can verify here: https://adviserinfo.sec.gov/ + +**What is the biggest mistake my clients make?** + +The biggest mistake I see is allowing emotion to drive decision making. Emotions effect decision making in every facet of life, but it seems to be more pronounced in financial decisions. Given this is the case, this is one the best arguments for utilizing a wealth manager. They help remove that emotion which allows for (hopefully) educated, date-driven decisions to guide your portfolio. + +**How do you handle “Money and Kids?”** + +We are asked this question A LOT. I have summarized a few points below that we share with our clients. + +\- Children need the opportunity to develop, grow, and practice their skills. Children who are given everything in life do not feel confident in themselves or their abilities if there is never any challenge. + +\- Help them understand the meaning of money. Rather than simply giving them money for the movies, allow them to earn small sums through chores. Nurturing the entrepreneurial mindset early-on can help as well, encourage them to come up with ideas on how to earn a dollar. + +\- Working for achievements allows anyone to feel fulfilled and have pride in their work. To often, children of affluence are not given the opportunity to build their own identity or self-worth. +Dear all, + +my wife and me just moved to Germany (close to Munich). We are 31 years old and have around 60k EUR in savings. Somehow the topic of buying a home came up and we started thinking about it. But when I do the maths, I am not sure if it's really worth it. If we buy a home, we want it to be in the city (Munich), because we want our kids to grow there. We want to live in one of the good neighbourhoods (Schwabing, Lehel etc.). After roughly checking some offers, an average appartment of around 60-80 qm in these areas would costs between 800k and 1.2 million, which is A LOT. Calculating the eventual credit, we'd have to pay around 1000€ each (2000€ in total) for the next 40 years MONTHLY only for the credit. And then, after 40 years if we are still alive, we are going to finally own our home. This option makes WORKING for the next 40 years mandatory. No pause. 2000€ monthly payments without a break. + +My wife supports the idea of owning a home more than me. + +As our rent currently is very low (800€ in total for 70qm in a good neighbourhood), my idea would be to invest 1000 to 1200€ monthly (S&P500 ETF or MSCI World ETF). By the time when we are 60-70 years old (also after 40 years), we will have accumulated enough profit in order to buy a home if we still want it. In cash, without credit. We'll be much more flexible as we can invest more or less monthly, according to our current situation. The big advantage here is that there isn't going to be any contract, which pressures us to spit out 2000€ every month, like if we buy home. And we are not bonded to our property (in case we want to live in another country for 1-2 years or travel). + + +I assume there are numerous factors, depending on the individual situation. However, this is a decision, which you make only once. There is not going back, because one has to commit to it. So my question here is: + +has someone of you also had the same situation/discussion and what decision did you make and why? + +Thanks. +Recently I saw a Redditor on a different sub where he well “all-in” in one stock several times. It paid off for him as he went from a couple of thousands to millions. *I can’t remember the exact numbers* + +So it made me think about what would I do if I had to go all-in on one dividend stock. Im still newbie in the dividend stock world so I’ll probably play it it safe and buy Vanguard Dividend Etf. + +Curious to hear what you guys would do. +I created a [post a couple of days ago asking for advice on how to move forward with 150k euro NW at 31](https://www.reddit.com/r/eupersonalfinance/comments/i1ogfx/31_yo_guy_needs_some_advice/) + +And then I stumbled upon this US fatfire post [Any women here?](https://www.reddit.com/r/fatFIRE/comments/i2yblq/any_women_here/) + +> I am a man but my wife makes 75% of the HH income. She makes about $800k. $310k Salary and the rest is cash bonuses (company is a large financial institution that is private). No college degree for her. Completed HS by CDRom/remote learning. Started working on websites aged 16 as she was part of a cult (her mom joined when my wife was 12) + +How + +> Likewise , my wife makes about triple what I make 200k vs 650k & I couldn’t be happier. We feed off each other’s success . + +Can + +> and her own modeling career she’s pulling close to $350,000, working for no one but herself. + +Someone + +> For the record, I'm 28, DINK, NW ~2.1m, and find the lifestyle fairly MCOL beyond housing which is high, generally more "quiet" than Cap Hill but we like it a lot. + +Reach + +> Woman here. I work in tech and am the primary breadwinner. (Used to make ~2x husband, now the gap's larger due to him recently starting a business). Not FI yet, but nearing 1M NW at 29/31. + +this + +> Hi! I’m in tech and I pull in around 300 and my husband is in comms and makes about 200. + +before + +> Yes - SO and I contribute 50/50. We both make a little over 400 a year + +30 + +> I’m an employed female physician and my husband is a self-employed real estate consultant. I make about 75% (~400) of the household income. + +in + +> We aren’t close to FatFire yet or maybe ever, but around $500k gross joint income. I’m mid a 30s woman + +Europe + +> Just crossed 1M here a few months ago so looking forward to seeing the growth really accelerate (still contributing 300k/year as well) + +You will never get this salary in Europe. Not in a million years and I'm getting frustrated. I have a feeling that in the states you do a master and you don't take drugs you are earning 300k in corporate America for the rest of your life. + +As someone else pointed it out " In the USA - salaries are 2-3x higher across different fields of medicine, housing costs cheaper (outside of HCOL areas e.g. NYC or LA), cars half the price (look up Tesla model 3 UK price versus US), income tax lower (and a lot more write-offs in the US), cheaper gas. There are some things that are cheaper in the UK (e.g. quality groceries) - but overall you make more money in the US, pay lower tax, and pay less to consume goods (especially must have items such as cars). In short - the best way to fatFIRE in the UK - is to leave as quickly as possible to the United States." + +It is so unfair. Sorry for my rant +Hi everyone, + +It's been five months, and having just made my last PF donation to the Internet Archive, I figure it might be a good time to say farewell. + +I just want to thank everyone for supporting [this project](https://pineapplefund.org/). Thank you for all the charity suggestions, many of which were funded. Thank you for all the positive messages and love sent my way. And also, thank you, the Bitcoin and cryptocurrency community, for turning a Sourceforge project into a $0.5T industry. + +I kind of miss the old times when bitcoin was a small community, and you could count the number of 'altcoins' with one hand. Finding someone else who even *knows* about bitcoin was incredibly rare, and exchanges were semi-automated or running on PHP. + +Every development since then makes Bitcoin stronger and better at solving the problems of the existing financial and monetary system. It's created a new generation of crypto early adopters, cypherpunks or technologists using cryptography to change the world; and now having the power and responsibility of capital. + +5104 BTC was turned into $55 million for charities, from providing clean water, [open mapping](https://blog.openstreetmap.org/2018/01/11/donation-from-pineapple-fund/), to clinical trials of [MDMA as treatment for PTSD](https://www.nytimes.com/2018/05/01/us/ecstasy-molly-ptsd-mdma.html). + +Thanks for following along with this experiment. I'm going to say goodbye now, but maybe there's room for dessert in a few years. + +If you're ever blessed with crypto fortune, consider supporting what you aspire our world to be. :) + +♥, Pine +[source](https://www.moneycontrol.com/news/business/rbi-takes-supervisory-action-on-card-networks-american-express-banking-corp-and-diners-club-international-6808551.html) + +>The Reserve Bank of India (RBI) on April 23 imposed restrictions on American Express Banking Corp. and Diners Club International Ltd. from on-boarding new domestic customers onto their card networks from May 1, 2021. + +After HDFCB, now its Amex and DC's time. Let's see how quickly these foreign companies fix this. + +Thoughts? + +*Unrelated funny story: Was about to get a Citi credit card, bank got closed. Was about to get an Amex CC instead.* 🤨 +So I posted this in r/GME, b/c it got removed here after mentioning a different ticker, so I amended it, and hopefully it will stick this time.... + +So, I saw this bid come in at the end of the day - + +&#x200B; + +https://preview.redd.it/yrcd23afh1h71.png?width=530&format=png&auto=webp&s=87fdbfc2de354dde4761798e8bcfdcf3eff24b4f + +2500 shares for ... $1.10 - One dollar and ten fucking cents! The Order came from MEMX. MEMX? I did a bit of digging and here are a few screenshots of what I found... + +&#x200B; + +https://preview.redd.it/6ta5o45hh1h71.png?width=2630&format=png&auto=webp&s=710cabda9beb9447fce2ac178376543d44cd51dd + +https://preview.redd.it/17qcz25hh1h71.png?width=1528&format=png&auto=webp&s=aaf4aecae651096075a23cfe7132f4129f57eaf6 + +Members Only Trading for Institutions. Why would they use MEMX?... Well Here is a list of Codes, and their corresponding transaction fees. They are all pretty fucking sketchy but code "Z" is the one I found to be most disturbing - "Routed To Another Market , Removed Liquidity" ... Fucking scumbags.... + +&#x200B; + +https://preview.redd.it/aoncc5jih1h71.png?width=2526&format=png&auto=webp&s=d23d551d530b94b0a887e997b717e07efd84b229 + +Insane. + +So who funds this operation? Well apparently everyone.... + +&#x200B; + +https://preview.redd.it/ofyc7k9kh1h71.png?width=2046&format=png&auto=webp&s=b70caf2c004aa5a33a8e834d123f72c4ff8996ce + +[Literally....](https://preview.redd.it/lvizuk9kh1h71.png?width=2612&format=png&auto=webp&s=3e69a51ec583cf741b147d8d787d1bf87bebd598) + +Do this infuriate you? It Should.... + +Another interesting tidbit I came across today is PYTH. ( [https://pyth.network/markets/#GME/USD](https://pyth.network/markets/#GME/USD) ) A network that tracks trades in real time using blockchain encryption - Check out the price for GME.... + +[Credit ST user SKEEBO](https://preview.redd.it/wud758aml1h71.png?width=2514&format=png&auto=webp&s=e2581c85b1c520dc669f869ef88ea8e0adf59cd6) + +&#x200B; + +WOAH! - 2500$ and has traded for as much as $5000 WTF?! + +Guys - Check out the month view on the PYTH link. Also keep a close eye on it day in and day out... It will be able to tell us in real time when the Darkpool price spikes. + +It is spiking at times of critical mass. When the stock is about to make a major move,For Instance - today when we breached the heavy resistance level of 164, very briefly , and on Monday, darkpool prices spikes well into the thousands - They buy at those prices, and then re route the orders - probably going through MEMX (im sure there are others, but MEMX seems to be the Big One) until it is supressed. CLEARLY someone is paying BIG BUX for those shares at time of critical mass - presumably to buy them in the dark pools for 2-5K a piece and then Bid them for 1.10$ on the NYSE. to supress liftoff. + +&#x200B; + +But Wait, theres more... + +Last but not least - today at 2:10 PM CST there were attacks on our stock and another that shall not be named....here is a comparison of The MOO-VEY Stock & GME price action just as the MEMX bid came through - corresponds perfectly with a coordinated ladder attack + +&#x200B; + +[Credit a different ST User who I cant find ATM, but will update later when I do.](https://preview.redd.it/u8xpnfrji1h71.png?width=1890&format=png&auto=webp&s=072ec6cc43310b3edfbcd12e22f4120280e23b69) + +&#x200B; + +ALSO.... + +PYTH is VERY LEGIT and I think it can be a very valuable tool moving forward. + +I HOPE I WAS ABLE TO PROVIDE YOU GOOD PEOPLE WITH GOOD INFO. I love you retards. Seriously I love you crayon eating, banana up the ass taking , wife's boyfriend having , drooling on yourself asses to the moon and back. + +Be good to each other, retards. BUY SHARES STAY AWAY FROM WEEKLIES - I have to go tend to the garden because my wife is in the house getting Plowed by her boyfriend + +\- im not even allowed to watch :( - and fuck me, these tomatoes won't grow themselves! + +WHAT THE FUCK , KENNY?! + +Cheers? + +&#x200B; + +EDIT - Here is an interesting article on MEMX that was shared w/ me by u/deenatt \- + +[https://www.google.com/amp/s/www.barrons.com/amp/articles/wall-street-plans-new-stock-exchange-memx-51546890754](https://www.google.com/amp/s/www.barrons.com/amp/articles/wall-street-plans-new-stock-exchange-memx-51546890754) + +&#x200B; + +EDIT #2 - IN REGARDS TO PYTH - I guess in my haste to get this info out, I did not address the disclaimer "The data is published on a testnet / devnet site and are experimental". Although, In my humble and speculative opinion, It is just that a disclaimer - similar maybe to "This is not financial advice. I'm not a financial analyst"? Again, I am speculating here. Furthermore, though .... + +u/[**Nice-Violinist-6395**](https://www.reddit.com/user/Nice-Violinist-6395/) **-** who is much more informed than I, as pertaining to coding, programming & blockchain tech, and did QUITE a bit more research- this is what [**Nice-Violinist-6395**](https://www.reddit.com/user/Nice-Violinist-6395/) **discovered....** + +&#x200B; + +\*\*"\*\*\*\*\*\*\*\*\*\* I remember when all this was taking off after January, a random user with a since-deleted account — who claimed to work for a big SHF and would have been very sketchy except for the specific, accurate details he provided — said something along the lines of “you guys are starting to figure it out. But I promise you this: **you haven’t even found 5% of the ways we’re cheating yet.**” + +And what have we discovered since that time? Married puts. Deep ITM calls. The FTD cycle. Dark Pools. Algorithmic patterns. So much more — + +And today, MEMX and PYTH. + +The big picture question, as it’s always been, is “*do you believe the hedge funds have somehow gotten far less corrupt since 2008, or are they as corrupt as ever, just with far more tools at their disposal?*” + +Nevertheless, brick by brick, piece by piece, we’re figuring it out. + +.......... + +For the first time, there will be a comprehensive, data-driven analysis and summary of all the ways the hedgies are cheating, and all the f\*\*\*\*\*-up things they’ve been doing to steal from regular people for a decade. + +....... + +This will change Wall Street forever. + +So OP? Please accept my thanks, on behalf of the above commenter and all of Superstonk. + +This is an indescribably important piece of the puzzle. + +EDIT: holy shit, I checked and it it corresponds *exactly.* To the minute. Before each price drop — what we’ve been calling a “short ladder attack” — the price spikes anywhere from $600 to $800. *Literally the minute* the price has fallen down to a “safe” level, the dark pool price sinks back to $162. You can see for yourself, check out what happens between 11:29 and 11:44. This is insane. Probably the single best piece of DD to come out in recent memory. + +EDIT 2: I’m down the rabbit hole now. I looked up the CEO of MEMX: Jonathan Kellner, who was formerly the CEO of [Instinet](https://en.m.wikipedia.org/wiki/Instinet), where he worked for 11 years. Instinet, by the way, was founded in 1969, where it helped pioneer the art of computerized trading — **and also LITERALLY CREATED THE DARK POOL.** + +Seriously. Google “who created the dark pool” and see for yourself. + +Guys, I can’t emphasize this enough. **THIS IS A FUCKING HUGE DISCOVERY.** + +Keep. Digging." \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +&#x200B; + +Dont shoot the messenger here, i don't think i'm grasping at straws - but at the same time would like to once again reiterate that this PYTH data is technically SPECULATION until someone w a few more wrinkles can confirm or deny. + +&#x200B; + +I'm not trying to become a reddit superstar or anything, i just happened to notice some things that didn't quite add up, and decided to go digging - and this was the result. I am in no way attempting to cause a rift, divide, or spread misinformation. This is THE information, as pertains to the situation in which I uncovered. + +Thanks for all the awards - but STOP GIVING ME THEM AND BUY MORE STOCK - only if you want to, however, as i am NOT a financial advisor, and none of this is to be interpreted as financial advice. I don't even know how to read or do numbers. Mostly just drool on myself while gnawing on delicious fuscia & magenta crayola's.... mmmmmm. delicious. + +&#x200B; + +&#x200B; + +\*\*\*\*\*EDIT #2 : I'd like to share a message i received from u/Maximus_King_Mars... + +"I'm imagining that the FTD shorted stocks or counterfeit stocks have a special status associated with them that allow them to be "owned" by the MEMX index. Like them borrowing your own stock as well.Because of trade account aggregation, each crime is done in bulk by the shadow index on behalf of the members. So instead of each member getting hit for $5M per action, billions of dollars worth of moves just incur a $5M fee for the naked selling without giving the stock back.This fee paid into by each institutional member. Its a whole shadow league of illicit trading that dilutes the value of the shares as wellOn top of that, they are likely to be bailed out at any time, so we are literally paying taxes on behalf of our great grandchildren to hold our own positions down.I'm trying to figure out how the cycle of buying high and bidding low works though as far as the entry of shares into the shadow index...on the bright side, the actions we take now are making the corruption obviousPrices are set or tracked within the index itself between the players, so it being separate from the main indices but using the same shares should not be a problemIf you find value in this thinking, please post on my behalf" + +&#x200B; + +ALSO- I was contacted by the PYTH team in regards to this post - specifically the price action for GME. They said "They Loved my content" and I am Awaiting a reply from them, for a chat to iron a few details in which they are offering me. Among other things, how they get their info... this should clarify a few things and hopefully shed some new light on the situation, as the price did spike again last week. I will update this thread ASAP, as soon as we've finished speaking w/ the PYTH team. Thanks guys. + +&#x200B; + +This started as a VERY speculative theory, but is turning into a concrete thesis. Thanks to everyone who has messaged me with further info, and to anyone who is compiling data to do so with in the future. I have my soul to the pulse of the market and will not stop digging until we have ANSWERS, and until our voices are heard, not just by market makers, or poloticians, or Hedge Funds, but by THE ENTIRE WORLD. + +What a long strange trip.... Be kind to one and other. + +<3 +So value investing is not just buying cheap companies. It’s just projecting the future cash flows of the business, and trying to pay less for it. + +In an overvalued market like today, tickers drop big %’s all the time. That does not mean the company is a value play, or it’s worth investment. + +If a stock worth 100$ ran from 100$ to 200$, and now it had a 20% drop to 160, you’re not getting a discount. You’re still paying 160$ for a 100$ equity +**In this post we are going to go through an in-depth analysis of AMD, 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\~** + +Hello everyone! Let’s start by talking a little about [AMD](https://ibb.co/d0cPRrj), they are one of the biggest semiconductor companies in the world, and they operate in multiple segments like Computing, Gaming, Enterprise, Semi-Custom and many more with some of the most important products for the company being microprocessors and GPUs both for personal use like (gaming consoles & PCs) while also offering products for professional use like data centers. + +The company was founded more than 50 years ago and have more than 11K employees, with the company overperforming recently as they have seen a more than 80% rise in the last year. + +So, guys, let’s go a little through the 4th quarter & yearly [results](https://ibb.co/f0CLSF7) for AMD. The company reported a revenue of $3.24B in the 4th quarter, with a 53% growth since last year, while for the full year they earned almost $10B as they more than doubled they quarterly and full year net income, which resulted in a $1.29 earnings/share for the year. + +The [company](https://ibb.co/TY6trfs) has 2 major income segments in Computing & Graphics which brought in sales of over $6.4B for the year and an operating income of $1.26B and the Enterprise, Embedded and Semi-Custom segment which brought in $3.3B in revenues and almost $400M in operating income. They also provide an additional segment that doesn’t bring in any revenues but which represents costs that can’t be associated with any of the other 2 segments, but also includes stock-based compensations and acquisitions related costs. + +Both of these 2 [segments](https://ibb.co/qdfVyrK) have seen huge increases in the past year with operating income doubling for the computing & graphics segment and increasing by almost 50% for the EEC segment. + +[AMD](https://ibb.co/tYmkPwg) didn’t have such a big capital expenditure in 2020, with only $294M but this can increase depending on the demand of their products while they also [adjusted](https://ibb.co/hCtfk2k) their income with $312M in depreciation & amortizations. Both of these numbers have increased by 40 to 50% in the past years and will be important in the DCF valuation. + +They have also managed to increase the gross profit margin to 45%, up 2% from 2019 as their earnings before interest & tax or [EBIT](https://ibb.co/xDptyzW) stood at $1.37B. + +The company has seen a continued earnings per share [growth](https://ibb.co/FhLj0Y7) overall, despite the first 2 quarters of 2020 coming in lower than previous, but that was to be expected as this was impacted by the reduced [revenues](https://ibb.co/QdjCvnx) in Q1 & Q2 before things started to pick up back again, as they finished with a huge increase overall in the 4th quarter. + +Their product [portfolio](https://ibb.co/YkjNDbY) has become a great challenge to Intel’s market share and is continuing to evolve, as Intel is still struggling to regain momentum with their products. + +[AMD](https://ibb.co/XX3h4CD) announced the world’s best processors for laptop and an enterprise variant that is expected to be available in the first half of 2021. + +They have also launched the fastest [AMD](https://ibb.co/fQQnFj4) gaming graphics card ever while also [working](https://ibb.co/D9dDDYs) with big companies like Amazon on their AWS cloud offerings & Microsoft Azure which are planning to use their upcoming 3rd generation EPYC processors. + +AMD is also involved in supercomputers which indicates that they are continuing to innovate and develop products that will be in high demand for the foreseeable future + +The one big thing that can propel AMD even more in the future is the proposed acquisition or more rather merger with [Xilinx](https://ibb.co/N2YQFS9), which also beat earnings expectations the other day, with revenues of over $800M for the quarter and a Free Cash Flow of 44% of their revenues. [Xilinx](https://ibb.co/QH8RTCN) has a market cap of over $32B, and the combination of the 2 companies would [create](https://ibb.co/qJM6Gn4) synergies. [They](https://ibb.co/PcNhH58) are targeting an all-stock transaction which will have implications on my projections, but as time has gone, the $35B price tag is only a 10% premium for Xilinx. The one hurdle the companies have to pass is the regulatory procedures. We will have to wait and see if the deal goes through or not, as it’s expected the deal should be finished by the end of the year, with AMD shareholders retaining 74% of the new group shares and Xilinx holding the remaining 26%. + +AMD also offered great [guidance](https://ibb.co/n649gFm) for 2021 as they expect the strength of their product [portfolio](https://ibb.co/Xbx5TV4) to push AMD revenues up 37% over 2020 and also expect their gross margin to increase to 47%, while they [expect](https://ibb.co/RpcwXYr) an effective tax rate for next year of 15%, well belove the 21% US corporate tax rate. + +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 Unleveraged discounted free cash flow [projections](https://ibb.co/hKFMswn) to see what the current valuation of the company is. + +I used their total revenues projections that we will discuss later on 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 a $1.68B EBITDA. + +For the next years I used 1% increase in EBIT margin which I think they can achieve pretty easy and an increase in capex of 10%/year in order to maintain an increased production capacity while also applying a 15% decrease in their net working capital. + +So, for an 8% discount rate, which is pretty much the Average SP500 return, we get a $9.7B Discounted Free Cash Flow 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, which in this case stands $5.75B in assets. I personally think a use of the average is better suited for most companies, though some of the companies trade largely on the EBITDA approach and other on the growth approach. + +If we use the growth approach, we can see that AMD is pretty fairly valued right now, as this implies a loss of 2%, while on the other hand the EBITDA multiple approach gives us a valuation of over $112, 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 AMD in 2021 is $98.82, implying a 13.5% return from the last price. + +And now let’s move on to a longer-term valuation of the company based on the growth projections I have for AMD. + +For my [projections](https://ibb.co/cx8pfhr) 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 EEC segment for 2021 and then implying a gradual slowing of their growth, while for the Computing & Graphics segment I implied a 35% growth, way lower than the over 100% they saw in 2020, also implying a gradual slowdown of the trend by 2025. + +I think these growth implications are pretty reasonable giving the high [demand](https://ibb.co/vQFwyRd) the company has seen for their entire product line, especially as gaming revenues have continued to increase, and also taking into account the need for their products in data centers, cloud usage & digital currency mining. + +For their cost of [sales](https://ibb.co/cx8pfhr), I started from the current ones which stand at 80% for the Computing & Graphics segment and implied a 1% improvement each year, while for the EEC segment I started from the 88% expense margin right now and implied a gradual 2% improvement. I also maintained their other expense regarding to the cost of sales to 3% of their total revenues, in-line with the previous years. + +This means for [2025](https://ibb.co/swQfJgf) we would get just over $33B in revenues and $26B in expenses, resulting in a gross profit of almost $7B. I also maintained the same capex as in the DCF and also [substracted](https://ibb.co/SshLk4K) the interest & other expenses for which I implied a 5% annual growth, thus leading us to a $6.28B in earnings before tax. + +I [maintained](https://ibb.co/SshLk4K) their 15% effective tax rate projections and also diluted their shares by 1% each year accounting for some dilution in the stock. + +So, for the $5.3B in 2025 revenues after tax and accounting for 1.27B shares, that would mean a $4.21 earnings/share, meaning the [stock](https://ibb.co/HYzfCkz) is trading at 20 times forward price to earnings for 2025. + +I like to base my future projections on Forward/PE valuations 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 $105 and almost $168. + +So, after all these estimates what are my price targets? [HERE](https://ibb.co/SyN8bn9) are my actual price targets… I think the 2025 bear case price we can see AMD trade at is $115 which would imply a return of almost 33% , while my base case and my pretty safe assumption is that AMD will trade at 137$/share by the end of 2025, implying a 57% return on the current price. But my most bullish case would see the company trading at $158, which would imply a return of over 81%. So yeah guys, [THIS](https://docs.google.com/spreadsheets/d/1rkJLAXxwqbo6WEfR9NfPEKZagiW4EVbRsz58ejqTVEI) are my Overall price targets 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. + +So [HERE](https://docs.google.com/spreadsheets/d/1rkJLAXxwqbo6WEfR9NfPEKZagiW4EVbRsz58ejqTVEI) is the full spreadsheet that I have projected for AMD 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](https://ibb.co/9NTJYmP), as the semiconductors industry will keep on booming in the next decade, as the world will need more & more chips that also keep advancing in technology. + +The company also has very good [financials](https://ibb.co/NCtxnFq), with almost $9B in assets vs just $3.1B in total liabilities, which can be easily paid by just the current assets. + +And let’s also take a look at what the estimates are from the [analysts](https://ibb.co/G0QpnrW). We can only see EPS estimates until 2023 of $3.22, which I think is safe to say can grow an additional dollar by 2025, so my projections are pretty in-line with what other experts anticipate. + +So, what do I expect in the next couple of days, weeks and months for AMD? + +Let’s look at this [CHART](https://ibb.co/wQw6CQP), the stock just broke below the long-term uptrend but has seen good support at the $86-87 levels, which is where the next support should stand. We saw AMD pushing towards $100 in the beginning of the year, but it hit major resistance once [Intel](https://ibb.co/pjHdVFQ) also announced a change in their leadership, as they brought in the WMWare CEO Gelsinger, but it’s very hard to see him turn around Intel in a very short time. Intel will need some years & a lot of capital expenditure to turn things around, if they do manage to do it at all. + +AMD hasn’t been overbought since August, and currently has an RSI near 41, which is pretty oversold for a good company, so I expect to see them regaining some momentum in the near-term, but I guess the market is very busy with the current short-squeezes. AMD will se a lot of resistance breaking through the $100 level, not because of something fundamental with the company, but I guess it’s a psychological resistance rather. + +And let’s take a quick look at what 24 [analysts](https://ibb.co/bKRQwXP) on Wall Street are saying. They mostly have a buy call on the company with an average price target of $100 and a high price target of $135. So, I think the analyst are pretty spot on with AMD, but my PT are slightly lower as it’s always better to undershoot and overperform rather than the other way around. + +So, what would I do? Well, I own AMD stock and I believe it still has plenty of room to grow, so I would start building a position right now and add on any weakness, and I would especially buy more if the stock drops even lower than 80$. + +One last thing to mention about AMD is that they also have a very big % of their [shares](https://ibb.co/zZcxm95) held by institutions, with over 74% of the float being held by big funds like Vanguard & Blackrock which does significantly reduce the sell-off possibilities. + +So, this are my projections and my expectations for the company, I think [Lisa SU](https://ibb.co/X2nVGTF) has done a terrific job since becoming the CEO, and has driven AMD to a renewed approach to their business, as the [company](https://ibb.co/WtBf4yF) has been booming in the past 5 years, growing more than twice as much as Nvidia and crushing the SP500 and Intel’s performance. + +**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❗** +In a falling market there is very little you can do with a bad position to salvage anything. Even investors with a lot of deals under their belt have never had to swim against the current. It is terrifying. +You can buy a flip today at the wrong price, hire a bad contractor and the market will float you to a profit like magic. If things turn even a good deal being managed well will be tough to exit in a positive position. +I’m not saying the end is near, I’m just saying to keep your eyes wide open as interest rates climb a little and we face some unknowns. This is starting to give me deja vu. + +To head off the inevitable HOW questions: + +Flips: +Have good margins on flips. +Don’t take on super intense long projects with difficult structural changes. +Be conservative with all estimates +Pass on mediocre deals + +Buy and hold: +Be cash positive on day 1 +Place tenants with recession proof jobs +When you are upside down- just keep holding. +Consider small multi family to have only partial vacancies. +Be prepared do fix stuff DIY to stretch your cash reserves +Have a solid cash reserve. + + +Wholesale: +Good luck. Don’t have cash in the deal. Be ready to lose earnest money +Today on r/Dogecoin a user posted a video of himself: he sat in a chair, his head concealed by a pillow case, a black revolver pressed to his temple. He ranted about the lies surrounding Dogecoin and said he planned to kill himself. All I know is that he lived long enough to post the video. It was quickly removed by mods. + +So, before you buy Dogecoin, you should know what you are getting. Here’s a short summary: + +Dogecoin has a huge supply. 129 billion coins. 10,000 coins are mined per minute. That’s 14 million new coins added to the supply every day, which adds up to about 1 billion coins added every eighty days. + +Bitcoin has a maximum supply of 21 million coins. So, Dogecoin mints more coins every two days than Bitcoin will ever have in circulation. That’s why doge will never be priced like Bitcoin. And, in fact, at about $9 per Dogecoin, Dogecoin would equal Bitcoin in value. + +Dogecoin has no real ecosystem to make it valuable. It is not fast: 33 transactions per second. ETH 2.0 can handle 100,000 per second. So Dogecoin can’t serve as a currency. It seems to have minimum dev work. And it’s fueled by people who think they are getting into doge early. If you buy now, you are not. Dogecoin is not the future of anything. + +With Dogecoin, you are buying hype. + +And hype might push Dogecoin to 69 cents. Maybe to $1...but there is zero reason for doge to hold that value. In fact, at $1 per Dogecoin, with 1 billion coins added every 80 days, doge would need $1 billion in new investment every few months JUST TO MAINTAIN $1.00 + +Also, be aware that $129 billion (doge at $1) is a huge market cap. That’s the same value as STARBUCKS. And doge has almost zero use-case scenarios. Sure you can buy some Mavs merch. Maybe find some occasional doge fans that accept it as payment. But doge can’t scale to be a currency. It’s too slow. + +Doge, frankly, is way overpriced right now. And Doge is going to have trouble maintaining it’s value due to its always-expanding supply. If the hype falls off just a bit—doge will fall, too. And twitter’s algorithm is heavily weighted against repeat trends. You might make money with doge, but it is far from guaranteed, and there is a fairly hard ceiling due to doge’s constant supply. + +If you buy doge, you are buying hype and Elon Musk tweet energy and nothing else. + +Be careful. +35$ per melon? Absolute insanity. I live off those, its one of the few fruits I like (coz I don't drink enough water). Went to the market the other day to buy a small amount of fruit, cost me $20 for a MODEST amount (3 peaches, 2 mangoes and a 1/4 of watermelon). I expect the mangos to be pricy but not my beautiful blushing lady (watermelon). And now AI is gonna take over our jobs, literally worst month I've had + I moved to a new state a few months ago, and as soon as I arrived, I started applying for new jobs. I quickly landed an interview with a small boutique company, and I made it through all their rounds and they made me an attractive offer. + +I was provided with a solid base salary with standard benefits, and I signed and returned the offer letter. That was around 3 weeks ago and I'm having major concerns about what I've gotten myself into. + +Right after I started, they informed me that they were not able to actually offer me any benefits until the project was completed, which by their estimates was 30-60 days. I figured I could handle that, but now the general consensus is now that things won't be done for another 6 months or so. I plan on emailing my boss to see what the plan is for that, but I almost feel like this is big enough of a red flag to just walk away now and not even bother getting an answer. + +On top of that, I think I was seriously misled about my role. I was supposed to train during the final stages of the project installation, and then provide very basic technical support once it was done. I'm somehow now managing every detail of the project, from dealing with vendors to creating labor schedules. I have zero experience with anything like this, which is bad enough, but the entire project is slowly spiraling out of control. Like I said, they are months behind schedule, and every day, something else goes wrong, and I, even though I'm the new guy, am expected to report and resolve everything. + +I have no idea what to do. I'm up to my ears in emails I don't understand. I don't even know what to say to my boss...how can I tell him he chose the wrong person for this job without just saying he lied to me about what the expectations were? +After losing The Purge a year ago by choosing scam dream HCT, I knew I needed help. I threw myself before the collective wisdom of [**AusFinance**](https://www.reddit.com/r/AusFinance/). + +As house prices were already overvalued and couldn't possibly go up, they recommended I sell all my penny stocks and consolidate into a 100% VDHG portfolio. All was going well until I mentioned I recklessly didn't have an emergency fund. We then agreed that VDHG was too risky and I should pool all my money into a savings account. They were quite helpful, advising me of which HISA's have an extra .1% bonus interest, which reminds me I have to send my personal Identification off again to open a new bank account with my 13th financial institution, but it will all be worth it once I see that sweet .1% extra interest! + +They also recommended an excellent book by Scott Vape - The brokeback investor which gave me a great idea for my side hustle. Did you know hospitals throw away perfectly good PPE equipment after just one use? Crazy! So each night I go through their bins for PPE to sell on my Ebay store. I've even managed to list the business as a company and been added to numerous Ethical ETFs who see the sensible and sustainable recycling aspect. +Two-thirds of Americans who have at least $3 million in investable assets have not talked to their children about their wealth or never will, according to a Merrill Private Wealth Management [study of 650 families](https://www.pbig.ml.com/articles/how-do-families-make-effective-wealth-decisions.html). Also [discussed here](https://www.nytimes.com/2019/08/02/your-money/parenting-wealth-discussions.html). + +Top reasons for not discussing money with children: + +1. Parents do not want inheritance to rob children of motivation. +2. Talking about wealth often increases a parent’s anxiety. +3. Sometimes, parents avoid the discussion because they do not know the answers or even how much money they have. +4. They don’t come from generational wealth, so they didn’t have these conversations themselves growing up. + +But despite these reasons they say it’s important to have discussions about wealth: + +> Families that inherit wealth often continue to be wealthy because of the conversations they have... +> +> These families, he said, follow a three-step process: Educate their children about finances and wealth, communicate the family’s values, and hire good advisers. +> +> Those who do not succeed in passing money along successfully often have silence to blame. +> +> “The generation that receives the money has no education and no skills and wakes up like a lottery winner,” Mr. LaFond said. “You don’t want your kids to be lottery winners.” +Good morning San Diago, + +I am Rensole, + +Do you smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/58h601d9o3t61.png?width=680&format=png&auto=webp&s=6c72adcd8ba59c6ba603adb7bf0a0023f10c18fb + +None of this is financial advice, I'm just an ape who found a typewriter with an internet connection + +So first up the man with head brighter then my future + +&#x200B; + +https://preview.redd.it/g0cmygpdo3t61.png?width=960&format=png&auto=webp&s=ba3a11a86061957dd549bc3a7e2cf8395e390f07 + +His vote in should be today around 11.30 EST so we should hear soon if the man with the plan will be voted in or not (spoiler alert, yeah he most likely will) + +&#x200B; + +&#x200B; + +https://preview.redd.it/avt04itqo3t61.png?width=1877&format=png&auto=webp&s=fd2b2a9d463dc08aa876fb8a82271c941e875f15 + +Oh yeah this is all coming together + +Ok so what's been happening? a few days ago GME updated their job listings to include specialism in blockchain crypte and everything, and Overstock had a likewise problem with shorts, google overstock short squeeze for further explanation. + +Now what happened yesterday? oh nothing big just GME paying off all of it's debt 2 years in advance! + +Because that's what a $10 dollar stock could/would do right? /sarcasm + +Ok so why is this big or important? well most of the Bear thesis were built on this idea that a new bond offering and the already existing debt, If GameStop defaulted on these bonds they would have to file bankruptcy. but that's now a 100% off the table. + +So now Short hedge funds are fucked, they physically can't get out of this situation as they can't use the shares from dark pools to close their positions (there aren't enough in there to do so). plus the millions of puts and calls... yeah kenny if you need a job after this my driveway needs sweeping. + +&#x200B; + +https://preview.redd.it/6ibornqdq3t61.png?width=1012&format=png&auto=webp&s=277773b59cde57257147f9275861b95864e94d3b + +Ok so lets go a little further why paying off a companies debt is important. + +Because in some cases badly run stores where used as collateral, they couldn't be closed even if they where costing money, this means that now the debt is gone they can close the non profitable stores (giving them revenue from real estate and lower overhead/operational costs) + +**They can declare Dividends, make payments or redeem/repurchase capital stock or make distribution of said stock;** + +Ok this one is a biggie, as they can now offer dividends again, be it crypto or classic, or give a one time dividend or repurchase stock at open market (meaning they can create a smaller float) so this one seems to be a big thing + +[A writeup on Crypto dividends](https://www.reddit.com/r/Superstonk/comments/mq82ha/gamecoin_special_dividend_in_crypto_request/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Also of note, if GME offers crypto dividends don't worry they'll also explain at the time how this would be paid once the time is there. + +&#x200B; + +**Sell assets;** + +Again selling non profitable stores, creating a smaller operational costs overhead and cashing in on real estate. + +&#x200B; + +now here is the biggest one I want to dive into, bigger then dividends? OH YEAH + +**Engaging in mergers, acquisitions and other business combinations;** + +Ok ? but dividends where the big thing? Nah this is the biggest and most important part IMO, let's take a look at where our boy RC was yesterday with his tweet. + +Culver City, CA + +Ok let's see who is also near to that town, Super League gaming, with it's CEO Ann Hand. this could be a merger or joint venture with them to implement Esports in a big way in GME. + +Who else is near there ? The dank Memelord himself Elon Musk, Elon has said that he wanted to add gaming into Tesla cars for a while now so who knows. + +something GME added on their website starting yesterday (can't check myself Europoor) is Esports. + +[https://www.reddit.com/r/Superstonk/comments/mqcrc7/new\_addition\_to\_gamestop\_website\_esports/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mqcrc7/new_addition_to_gamestop_website_esports/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Or perhaps he was there to check if they could work together in some way shape or form, or perhaps he would like either of them to be the new CEO we just don't know right now. + +My personal opinion is most likely working together with either of them, Elon has expressed interest in gaming in Tesla's and well Esports will be a big part going forward so merging or working in conjunction with Super League gaming makes perfect sense to me. + +&#x200B; + +But the most important thing to know is that GME is Debt free starting 4/30, meaning CNBC and others will most likely start saying shit like "GME halved their cash"... seriously any good news sends this stock down so... yeah I'm expecting that tbh. + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + +[https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001193125-21-114706](https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001193125-21-114706) + +&#x200B; + +**Addendum:** the debts will be payed at max around the 30th, other users have pointed out they can pay this debt off before that date, the 30th is just the last date they will pay it off. + +it could be they need time for paperwork to be filed, funds to be relocated or other things. + +[Thank you Anklebrace \<3](https://preview.redd.it/uqzx20y2t3t61.png?width=917&format=png&auto=webp&s=9e27dc35bf9b5b85ee63de27046f5c27b2680399) + +# SEC filing + +There has been a lot of questions around this and people pinging me, but [this](https://www.reddit.com/r/Superstonk/comments/mq4gfi/sec_filing_merger_with_brokarage_detailing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) thread lays out pretty much everything about it and goes into it in far better detail then I could. + +&#x200B; + +https://preview.redd.it/fifh84c3u3t61.png?width=640&format=png&auto=webp&s=ea86227171087dd62a5045d1b401628ec2f8dcee + +# So strap in my friendly apes, we have no clue on what the effects of this will be, all we know is it will be a very bumpy ride. + +&#x200B; + +https://preview.redd.it/9o2uy0o5v3t61.png?width=554&format=png&auto=webp&s=1e249f7df9aaa28af19a6b2d7a00fd9b4088112a + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +&#x200B; + +&#x200B; + +https://preview.redd.it/cf2xuhw8v3t61.png?width=400&format=png&auto=webp&s=973b58b9e6ae9477c7d2afae4d644706977418b3 + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day I will be adding it here. + +backups: + +[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1) + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +And I'll be posting updates as they happen here: + +&#x200B; + +Also I've suddenly seen an increase of new accounts spreading shit like "We ShOuLd HaShTaG OcCuPy WaLlStReEt" Fuck off. we are not a movement, we are not organized so stop making shit like this, because I'll just ban anyone trying this shit. those posts only go to show how we are uncivilized and wish harm on others, which we aren't and which we dont. + +So if you see anyone post that crap, tag a mod + +&#x200B; + +&#x200B; + +Edit1: + +Gary "the gensilator" Gensler has been voted in + +[https://www.senate.gov/legislative/LIS/roll\_call\_lists/roll\_call\_vote\_cfm.cfm?congress=117&session=1&vote=00147](https://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=117&session=1&vote=00147) + +&#x200B; + +Edit 2: + +It's official: + +[https://www.forbes.com/sites/jasonbisnoff/2021/04/14/gary-gensler-confirmed-as-new-sec-chair-as-agency-tackles-gamestop-saga-esg-boom-and-cryptocurrency/?sh=7e021ecf6f67](https://www.forbes.com/sites/jasonbisnoff/2021/04/14/gary-gensler-confirmed-as-new-sec-chair-as-agency-tackles-gamestop-saga-esg-boom-and-cryptocurrency/?sh=7e021ecf6f67) +So I was looking at a new Samsung Tablet, cheapest price was Harvey Norman at $878. + +Saw an offer on the screen that said 1000 days interest free, +which I thought was a good option as setting a scheduled transfer every month for 2 years would be $37 a month. + +Then I read the fine print, $8.95 monthly account fee. +The so called interest free deal actually costs 24% over 2 years. + +So overall it's considerably worse than an interest loan as the monthly fee doesn't get lower as the debt is reduced. + +It seems to me that offering this type of deal to customers is unethical at best. + +Oh and there was also the 24% interest rate after 1000 days and the fact that the minimum repayments wouldn't clear the debt by then! + +Anyway end rant... I will be saving up for this tablet instead. +Hi yall, I am a not an economist, so apologies if I get something wrong. My question is based on the (correct?) assumption that most of mainstream economics has been empirically validated and that much of MMT flies in the face of mainstream economics. + +I have been looking for a specific and clear comparison of MMT’s assertions compared to those of the assertions of mainstream economics. Something that could be understood by someone with an introductory economics textbook (like myself haha). Any suggestions for good reading? Or can any of yall give me a good summary? Thanks in advance! +Thoughts on doing a 140 mile commute (2.5h) to work 2-3 times a week? + +Currently live on my own near work but I would save £1700 every month instead of £700 if were to commute from my parents house (I'm 25). 700 before stuff like groceries and one off payments like car insurance. + +I would work from home 2-3 days a week and there's only two companies in the UK that I can do the exact same work (in x-ray tech) both equally as far away so moving to another job difficult without more experience or doing something different. I could work for a university but those jobs suck and non permanent until I become a lecturer which also sucks. + +If it was 15p a mile, that would be £420 (average 2.5 days a week) in terms of extra car costs. If I needed to stay consecutive days I could stay at a hotel. I should get a 5-7k pay rise In a 2 months but I would only really see half of that after taxes/NI/student loans. The extra money could be used to save quicker for a house. + +Edit: Also when I take my 26 holidays days off I don't need to still pay for rent and travel costs. + +Edit 2: may have under estimated travel costs and possible others so actual savings may only be 500 more than what I currently save - so commuting doesn't sound as great + +Edit 3: thanks for all your comments, 2/3 days a week probably doesn't make sense for this long of a commute. It only really makes sense right now is go up there once a week and stay in an air BnB/hotel for 1-2 days. Or to reduce Or reduce my rent by living in a flat share + +30-40p a mile might be more realistic for actual costs + +Edit 4: use the budget planner spreadsheet on this sub Reddit, it makes everything more clear and what's really worth doing +Replicating the tokenomics of SafeMoon, while adding the use case of a decentralized exchange, wallet and NFT game, StarShip is about to blow the minds of all early investors. At just $600k market cap, StarShip is CRIMINALLY undervalued and at an exceptional entry price. With shout-outs from [Hard Factor](https://twitter.com/HardFactorNews/status/1390353818634833920) [Sam Pepper](https://twitter.com/sampepper/status/1390076976434610176), [Trinidad James](https://twitter.com/Trinidadjamesgg/status/1390397432735965191), and most recently [Jaaydabarber](https://twitter.com/StarShipBSC/status/1399894974221668354), Jake Paul’s best friends… STARSHIP has been turning heads! + +**Groundbreaking Features** + +🎮StarShip NFT Game -- Beta anticipated in Q3/early Q4 with NFT creation and graphic design courtesy of former Blizzard and World of Warcraft artist Carlos Chinesta. You can preview artwork for the game and NFTs on [Twitter](https://twitter.com/StarShipBSC/status/1393617858219978753) and [Twitch](https://www.twitch.tv/eliteportraits). Players will mint their very own NFTs to optimize their STARSHIP in a race to mine the in-game fuel Kyanite and seek the elusive planet with $50,000 in BTC for the first player to land on the planet. STARSHIP NFTs will be tradable on Atomic Hub, while Kyanite will be tradable on DEXs. + +👛StarShip Wallet -- Expected in Q3. The standard 0.2% cryptocurrency transaction fee will go towards the StarShip liquidity pool + +📈LaunchPad DEX -- Expected THIS quarter. Trading fees to go to liquidity! Newly launched coins will be backed by Starship, further increasing its value. Create your own coin in minutes!!! + +🛍StarShop -- Load up on your favorite StarShip gear including hoodies, t-shirts, beanies, and mugs! Coming soon! + +**StarShip Vital Statistics** + +✅ Total supply: 20,000,000 + +✅ Burned token: 600,000+ + +✅ Transaction Fee: 10% + +✅ 5% Redistribution + +✅ 5% Auto Liquidity + +✅ 3,300+ holders + +✅ Liquidity Locked + +✅ Solidity Audit Passed + +✅ Listed on CoinMarketCap + +🌕 Contract: 0x52419258E3fa44DEAc7E670eaDD4c892B480A805 + +💥 Join our Telegram, ask away, DYOR and enjoy!💥 + +**Poocoin****:** poocoin.app/tokens/0x52419258e3fa44deac7e670eadd4c892b480a805 + +\_\_\_\_ + +**StarShip Approved Links** + +| [Website](https://starshipbsc.finance/) | [Telegram ](https://t.me/starship100)| [Instagram](https://www.instagram.com/starshipbsc/) | [Twitter](https://twitter.com/StarShipBSC) | [Reddit](https://www.reddit.com/r/starshipcrypto/) | [YouTube ](https://www.youtube.com/channel/UCxBF9crGJYi-ampOB6axRlQ)| + +| [CoinMarketCap ](https://coinmarketcap.com/currencies/starship/)| [CoinGecko ](https://www.coingecko.com/en/coins/starship)| [BscScan](https://bscscan.com/token/0x52419258e3fa44deac7e670eadd4c892b480a805?a=0x9b76a12bA7626cd5605D80FF020D42CF04ca6728) | [Coinsniper](https://coinsniper.net/coin/1443) | | [Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x52419258E3fa44DEAc7E670eaDD4c892B480A805)| +When you look at the rent vs buy price of apartments in citites like Zurich, Prague, Beijing etc. from a value investing perspective, you quickly realize why would anyone buy them. Some cities even yield NEGATIVE return from risk adjusted perspective. + +Not even low mortgage rates justifies such high valuation, when mortgage payment (even with zero interest) is double than the usual rent. + +I just cant fathom what is the reason for this. Are billionaires hedging for something? Are average people so possesed with property ownership that they overpay for property so they can "own" it? Is this just russian oligarchs buying foreign properties anonymously? + +In my city it is utmost ridiculous, if you instead of buying an apartment put the cash into savings account, the yield would cover the rent more than enough. Mortgage payments are soon to be 250% higher than usual rent. + +I'd like to know what value investors think. +Netflix crashes for the 2nd time this year + +was pushing 700 now like 236 + +I never bought it because it was always insanely valued, which made no sense with the plethora of competition gaining ground. + +Any company that was a pandemic gainer is falling in sympathy, like Roblox down 11.5% + +Basically this is a wakeup call for a lot of people I think, that the pandemic spending is over and people's wallets are starting to get pinched from food/gas/inflation + +What boggles my mind is that time and again people "over project" gains into the future.  When you look at the ridiculous runups on various stocks all based on the pandemic and stay-at-home, low interest rates lasting forever.  Talking about ridiculous price run-ups for things like Moderna, Clorox, Papa John's, Peloton, Roblox, Zillow, Zoom, etc..  I wonder if people even cared what the companies were worth or they were just plain old momentum trading. + +The same thing happens in reverse btw.  At the bottom in 2002 and 2009 when stocks were cratering, there was no price too low.  For most people stocks were too risky and that was that. +Hi guys, I'm making a list of places to visit with the ultimate goal of finding somewhere to eventually settle down and set up a life (complete with owning property, getting involved in the community, etc.). + +After going to an international high school, going overseas for University, and spending the past year travelling, I am in a situation where my friends are scattered around the globe, rarely with more than one in a city. My family is also quite spread out now and since I have no mortgage or job, I really have no connection or ties to any city. + +My ideal place to live would have: + +\-good weather (nothing below 0C, I don't mind hot weather). If a place has bad weather for a month or two that's not a deal breaker, can travel + +\-low capital gains taxes (doesn't have to be a tax haven, just nothing crazy) + +\-is very safe, both in terms of personal safety and government stability. Also safe and secure banking access + +\-is lively and has lots to do (including both nature like hiking or going to the beach, and more social elements like sporting events and nightlife) + +\-Good healthcare (even if you have to pay for it) + +\-is easy to make friends and integrate into the society. If english is the first language that's a big advantage, but I'm willing to learn a new language if it hits every other box. + +My NW is 14M USD, and ideally I'd be able to buy a really nice property in the location for around 4M USD (maximum, preferably less). I have a EU and Canadian Passport, but am willing to go through the hassle of investor visas if a location is a good fit. Becoming a citizen isn't important, but having unconditional PR is important (it's fine if it takes a while). + +Places currently on my list: + +\-Australia (Melbourne, Sydney, Brisbane) + +\-NZ (Auckland) + +\-Canada (Vancouver) + +\-USA (San Diego, San Jose, LA, Seattle, Phoenix, Miami, Austin, Houston, Honolulu) + +\-Singapore (hard to get Visa, I know) + +\-Portugal (Lisbon) + +Are there any other spots that fit my criteria and are worth checking out? Are any of the places I listed above bad fits? + +Thanks in advance! +It's not a rant, Im just really confused how things change so quickly. +There was a time when people here focused more on the King, on the fundamentals, people discussed serious projects, innovations and different use cases of crypto and adoption. +People used to form their own opinions from reading up on projects, not braindead parroting what they glanced over scrolling through an article or read in a one-liner here. + + +Nowadays everybody's got their focus on that one overhyped coin that's going to a 100x by the end of the year. Nobody's even read the whitepaper on it, but hey, so much hype, it's gotta be the next moonshot! +And when it ''does a Squid'' newcomers get burned hard and leave the market for good. +I get it's survival of the fittest, but this shilling doesn't help with Adoption, does it? + + +When was the last time you saw a discussion on the King?2-3x by the end of market cycle? Heell no, that's not enough, we want 10x in a month! +Nobody is happy with 3-5x in 6 months, people want quick gains over night and that's it. +Right now, stop any pedestrian on the street and ask them if they want 2x on their money in 3 months. About 95% would think that's too good to be true and in the normal world it is too good to be true. + +It really feels like a group of drunks walked in a Vegas casino trying to choose the one winning slot machine out of a thousand slot machines. +Crypto does change things, sadly not always in a positive way. +23rd March 2020, was a red letter day for Indian equity investors. A year ago, Nifty reached a real low point, closing around ~7.6k levels. + +On this date, UTI Nifty Index fund had a 1Y return of **-47.7%** (NAV of 74.4731 on 25th March 2019, NAV of 50.4013 on 23rd March 2020). + +[This image should put things in perspective](https://i.imgur.com/oDMyqzk.png). + +What back then no one could've known, was what's coming next. A historic bull-run, that'd go on to drive valuations up to astronomic levels. + +_It's not the fall that makes it special, it's what follows_. + +Some observations: + +- SIPs that have been running for 7 years till March 2020, were in losses and not breaking even. This would prompt a generation of advisors to update their definitions of long term to be higher than 7 years. + +- We've had people hopeful for Nifty reaching 6k-6.5k, so they could wait a bit before "deploying capital". + +- There were those who started promoting dynamic asset allocation funds or other exotic "hedge" products. + +- Those who've deployed significant capital around March-April 2020, would now go on to preach how their "PE-based" (or some other made-up strategy) ideas have done great, and every investor should follow these. You won't hear from these fair-weather talking heads when the next crash comes around. + +- NFOs and IPOs have shown how everyone wants to cash in on a raging bull run. + +If you're looking for reasons to **not invest now**, market would give you plenty of those. All the time. + + +--- + + +A crash like that can be a teachable moment for lot of investors: + +- If you had liquid corpus for emergencies parked in an asset back then, that made you worried; that asset cannot be where you park your emergency corpus. + + There were 2 weeks of Liquid / UST funds posting negative returns, every day. One day in March, even PPFAS Liquid Fund had negative 1-D movement. + + If that worried you, it's time to rethink your emergency corpus and where you're keeping it. + +- People look at historic crashes and salivate how they could have made the most of it, if they were around at the time. + + In reality, historic crashes don't just crash the markets. It puts your life / career / family / well-being on the line. + + When a historic crash actually rolls around, last thing on your mind would be your equity portfolio. + + +[For reference, I had posted this on 16th March 2020](https://www.reddit.com/r/IndiaInvestments/comments/fjmpwg/in_times_like_this_it_helps_to_look_back/) +It's common to hear it. In my country, it is always repeated as a mantra, we are not a rich country because the government do not invest in education, if they invested in education, the nation would get richer. + +Is there a causation between government spending in education and economic growth? That is, could a country move from a poor country status to a rich country status by investing in education? +Title says it all. I think we have a giant lurking behemoth of silent retail investors lurking here, often not even subscribed. I mostly read the comments, the DD and the posts to always have a feeling for the group dynamic and the health status of the people involved here. + +I can sense harder and easier times but the resilience I see is beautiful. + +I'll get back to the shadows but I am always with you! +I'm curious because I'm wondering if its really resource or just insatiable greed that drives war, globalization, etc.. So here is a thought experiment. + +Say human are only 1/4 size of what we are and consume only 1/4 of our calories, same reproduction rate, and lifespan, do you think globalization, war and even our economy would 1) be similar 2) if so, do you think it would had expanded at the same rate? May be eventually we will still have those wars but just take much longer? How do you think our current economies will be like? +$FETCH is the operating asset of the MoonRetriever project that will help people find new safe coins!!! + +After a successful presale they have officially launched on pancake swap. Whales already sold and this is going to the MOOOOON!!! ATH 5 million $ at the time of writing which is literally minutes after launch with over 1500 holders. + +This project is all about safety, read their litepaper, their platform will let you track wallets, check for rugs, market trackers, token lockers and an ILO Kickstarter. + +Seriously guys, don't miss your chance to get in early on a project that really has shown their passion for coins, whose only goal is to make investing in cryptos safer, and that will hopefully help thousands of people, if not millions!!! + +Locked Liquidity, Renounced Ownership, and most Importantly DOXXED TEAM MEMBERS, really shows these guys are serious about this project and want to take it far. + +# WOOF TO THE MOON!!! + +&#x200B; + +TOKENOMICS: + +43% Initial burn + +Token type: Deflationary + +Total supply: 1 Quadrillion + +Total transaction fee: 10% + +Transaction fee detail: + +\- 5% of all transactions redistributed to all holders of FETCH + +\- 5% of all transactions redistributed to liquidity + +Presale supply: 53% + +Team Tokens: 8%, spread amongst 8 team members vesting in chunks of 0.1% each every week, to guarantee team commitment. + +&#x200B; + +LINKS: + +&#x200B; + +[Telegram](https://t.me/MoonRetriever) + +[Website](https://moonretriever.com/) + +[BSC scan](https://bscscan.com/token/0x8bfc1c564E4490790DFac641C9a0FecD3f91F584) + +[Locked Liquidity](https://unicrypt.network/amm/pancakev2/token/0x8bfc1c564E4490790DFac641C9a0FecD3f91F584) + +[Renounced Ownership](https://bscscan.com/tx/0x998a08eedfac51775d8f3d70b5df7f255d0cf8e9707fabca46294cae13d1db36) + +[Locked Team Tokens](https://dxsale.app/app/pages/dxlockview?id=1&add=0x269885c38DA81ac2ddA3f567Ccf3CfF9539C589b&type=tokenlock&chain=BSC) +The boss makes a dollar, + +I make a dime + +That's why I mine on company time. + + +And they think the bill is high because of the air conditioning + + +I also spend 1/3 of the time browsing Reddit and watching the charts but that's none of their business... + +Happy Monday everyone! + +Disclaimer: For legal reasons this is purely a joke. +I've been investing for 7 months and my portfolio is approximately -4% in that time. I started by wanting to be a dividend investor, so overpaid for companies like Verizon, AbbVie, Amgen etc. + +Since I've gained more knowledge, I have invested in value stocks like Alibaba, Intel and Hewlett Packard (Which I am happy with in the long run). + +However, because most of my value stocks are based in the USA, I hear that I am now "overexposed" to their market, making me undiversified and at risk of experiencing exchange rate issues. + +I combat this by investing into a Global VWRL ETF (this increases my exposure to other geographies and is a relatively safe, slow-growing, highly diversified ETF). + +Then I hear that ETFs are in a bubble, and fear that investing into global markets at all-time highs is a risky strategy (even though I'm told not to bother timing the markets). I could invest in sector-specific ETFs, but is this not merely a gamble based on conjecture? + +I'm beginning to feel quite overwhelmed. I've done a lot of research, but feel like its so hard to develop my own strategy when I read into things more and more. + +Does anyone have any advice? Thank you. +Hello, + +With ISA allowances to reset, I'm ready to fill my S&S ISA immediately. However, I'm unsure which approach to take: + +1. Put £20k in as soon as the allowance resets to have the longest time in the market + +2. Space the £20k out over a few months in case the market is pumped as soon as the allowance resets from people taking approach #1 + + +I think #1 is more sensible, but I'd appreciate a second opinion. + +# edit: went with option 1 +I have liquidated every position I have + +Sold my oculus vr headset + +Sold my gaming rig + +Ate cup noodles for the past 3 months + +Biked / took public transit to work + +Reduced my marijuana and alcohol intake by a lot. + +And saved every penny I have for this meeting. + +Im already A GME holder but I mentally prepared myself to unload my last remaining funds today. + +To hell or high water apes. Let's fucking go. 🦍 🚀 🔹 👐 + + +(edited title) + +(thanks for all the awards everyone!) +Hello Gang, + +&#x200B; + +**As of yesterday at 3:30pm est SafeMeme ($SME) successfully launched!** + + Current market cap: $9Million+ + + Current Holders: 11,000+ + + 3% of coins burned from monthly burn address—proof pinned above. + + Hosted multiple Q&A's in telegram and discord + +✅ Got Listed on CoinGecko on the SAME Day! ✅ + +[https://www.coingecko.com/en/coins/safememe](https://www.coingecko.com/en/coins/safememe) + +&#x200B; + +✅**What's Next?** + +First official AMA today! (More details in Telegram). + +We have started the process of getting audited with CERTIK. + +Marketing has begun. + +Coinhunt promotion applied. + +&#x200B; + +**✅What is SAFEMEME?** + +A unique Rugpull-Proof utility token and exchange platform based on the Binance Smart Chain. We believe that Crypto is the world's financial future, and we're here to create a safe investing environment for BEP20 tokens. + +Our goal is to become the first Rugpull-Proof utility token with an exchange, mobile wallet, launchpad, and auditing platform. All tokens listed on SafeMeme's exchange will be audited and vetted, ensuring they pass the SafeMeme safety protocol. $SafeMeme will be the liquidity token for listed BEP20 tokens on our platform, increasing the stability of $SafeMeme, and increasing the tokens value for all holders. We believe that Crypto is the world's financial future, and we're here to create a safe investing environment for BEP20 tokens. + + +✅**Links:** + +Website: [https://SafeMeme.com](https://SafeMeme.com) + +Twitter: [https://twitter.com/SafeMemeToken](https://twitter.com/SafeMemeToken) + +White Paper: [https://www.safememe.com/white-paper](https://www.safememe.com/white-paper) + +Telegram: [https://t.me/SafeMemeToken](https://t.me/SafeMemeToken) + +Discord: [https://discord.gg/QucrEUeVSC](https://discord.gg/QucrEUeVSC) + +Contract: [https://bscscan.com/token/0x36dBcBCA106353D49e1E0E8974492fFB862a0C92](https://bscscan.com/token/0x36dBcBCA106353D49e1E0E8974492fFB862a0C92) +&#x200B; + +https://preview.redd.it/uf0429x3z6571.png?width=1600&format=png&auto=webp&s=43acc7118aad55a184dad517a41cf1f621cc7220 + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/69g2igt5z6571.png?width=680&format=png&auto=webp&s=77732a63619bc1c661cee692d2f84c22951b3110 + +Good Morning Everyone! + +I hope everyone has had a great weekend, Are you guys enjoying e3 as much as I do ? + +First let me start with something simple, because MSM has been reaching out to people for interviews and such. + +We are not a collective, the term WE here is used as the "royal we", I just like the stock and others just happen to like the same stock. We also don't do politics, religion or anything else as all these things don't matter here, we just like the stock that's it. therefore there are no leaders or spokespersons. + +The mod team has declined doing interviews at multiple occasions and will continue to do so until this is over. + +&#x200B; + +https://preview.redd.it/pijcimzr07571.png?width=557&format=png&auto=webp&s=0c3970f72b06e9e7ba7f6050d02cc25d736004f2 + +# the Reverse Repo's are looks to be related to GME + +wrinklebrain u/jaybaumyo wrote a thread [here](https://www.reddit.com/r/Superstonk/comments/nyqnqh/so_the_reverse_repos_are_definitely_related_to_gme/) + +It shows how the reverse repo's seem to have a correlation between GME and the height of the repo's. + +I've not personally had the chance to fully check this or see in how far the correlation goes, I do however remember that there was a rule change where bigger guys (SHF banks etc) could no longer use "junk bonds" as collateral, so this is why we might see an increase in the Reverse Repo, or maybe not, if you know more about this feel free to jump in that thread and help find out what's going on. + +&#x200B; + +https://preview.redd.it/7nfjkkey27571.png?width=960&format=png&auto=webp&s=d39667794b4c91de733f07c733e323db92b69f3d + +The reverse Repo's have another all time high, 547 billion... damn kenny that's actually impressive. + +There have also been some other threads made finding some sort of correlation between reverse repo's/crypto's/GME + +which you can find [here](https://www.reddit.com/r/Superstonk/comments/nz0fsz/i_found_a_correlation_in_why_reverse_repo_rates/?utm_medium=android_app&utm_source=share) + +&#x200B; + +https://preview.redd.it/3vb9txy237571.png?width=960&format=png&auto=webp&s=62a75cffe1dede500734d0adf7f6ed4ce6940a27 + +# Short Volume Ratio Update + +All thanks for this goes to AntihalationGod, he's been compiling public data and is kind enough to share this with everyone. + +[https://twitter.com/annihil4tiongod/status/1403841990387720193?s=27](https://twitter.com/annihil4tiongod/status/1403841990387720193?s=27) + +https://preview.redd.it/qjdftlqh37571.png?width=4096&format=png&auto=webp&s=fc06397ee3900fc8597152763ed720d67bc6fa20 + +&#x200B; + +https://preview.redd.it/rnqs7rkk37571.png?width=4096&format=png&auto=webp&s=c88b430d2f0ef7debe905fd95cb2148017a93ec5 + +&#x200B; + +https://preview.redd.it/4trsjrxl37571.png?width=4096&format=png&auto=webp&s=602eca55301ac188c0fea017fc91de4cef29877e + +# What is driving the t+21 cycles? + +u/criand made a big thread [here](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +it goes into the t+21 cycle, what drives it how the ETF's fall into place with it etc. + +I feel like giving work like this a TLDR version but eum.... brrrrr + +Also there is a theory that this is what RC has figured out as well or at least thats what [this thread](https://www.reddit.com/r/Superstonk/comments/nycuk4/cohen_has_reached_the_same_conclusion_as_ucriands/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) goes over + +https://preview.redd.it/sf80m37m47571.png?width=960&format=png&auto=webp&s=ae2e622c8bf587d081a29bbfd51dbc3601cb37b6 + +# Voting + +There is a thread going on [here](https://www.reddit.com/r/Superstonk/comments/nwv7vb/possible_evidence_of_manipulation_of_the_vote/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) which goes into the difference of the voting we have seen this year in comparison to 2020, it shows that the 2020 was consistent, yet 2021 is not... + +Again I know you can't see the total amount of votes on an 8k and with the current SEC probe we wont hear the actual numbers for a while so we'll just have to refer to the ol' reliable + +&#x200B; + +https://preview.redd.it/1fk6kgyv57571.png?width=640&format=png&auto=webp&s=69a0be6b287fd8f7d4d8a491031b8aebb0393d4c + +Also u/gr8sking did some quick maths + +&#x200B; + +https://preview.redd.it/ijo10g9y57571.png?width=760&format=png&auto=webp&s=7b4abbad108e1bc832b3bd2f763ee6af71e9894e + +just something to keep in mind 😉 + +Also if you're new be sure to give [this thread](https://www.reddit.com/r/Superstonk/comments/ny8mk8/the_infinity_squeeze_thesis_summary_and_breakdown/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) a read, it goes over the basics and can help the new apes understand everything a bit better. + +&#x200B; + +https://preview.redd.it/fyu35fjs67571.png?width=554&format=png&auto=webp&s=620fdf65ec681f137c1571a2e7dadb63eadbabc2 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/7h05xepu67571.png?width=400&format=png&auto=webp&s=f5a4731f612cab20a8344eb50ffd80c08d5cd059 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) +Links first, details later. + +Proposal from the SEC regarding short-selling data and transparency: [https://www.sec.gov/rules/proposed/2022/34-94313.pdf](https://www.sec.gov/rules/proposed/2022/34-94313.pdf) + +Comment submission form: [https://www.sec.gov/cgi-bin/ruling-comments](https://www.sec.gov/cgi-bin/ruling-comments + +Edit: another ape has a good diagram of where to comment: https://www.reddit.com/r/Superstonk/comments/tcj5v5/looking_to_comment_start_here/?utm_medium=android_app&utm_source=share + +# Why is this important? + +The SEC is asking for public input on VERY specific questions to which it seems like the SEC has not yet made its mind. As someone who writes regulations for a federal agency (not in finance) **this is something I have never seen before**. Some of this due to stylistic choices that heads of agencies like to change, but the wording of the questions seems specifically aimed at DD that has been performed here on r/Superstonk Generally a solicitation for comment is a hoop jumping activity that can wiggle a policy or 10, but it doesn't change the general shape of the policy. ***We get to have actual input on this stuff***. + +# When is this open? When does this close? + +This opened on February 25, 2022, and it will close on March 27, 2022. The closing time will probably be 5PM EDT. + +# What is the SEC asking for? + +On pages pages 48-57, 59, 62, 71-72, 97-100, and 190-200 the SEC is asking for the answers to some very specific questions. It is a good idea to read the related statements, but I'm going to pick out a few that almost everyone here can answer pretty easily. + +# Why are you giving this the education flair? + +Funny story. I have an area of expertise on a professional level (writing regulations), so I wanted to bring this to everyone's attention as something that is truly critical for apes to respond to. Additionally, I feel like this is an opportunity for apes to educate the SEC on why EFTs and call-put spreads should be regulated as potential market manipulation... never mind swaps. + +So here's the skinny on comment and response: if you submit a non-unique comment they will generally get classified by an AI as being non-unique. Additionally, you **must** address the questions or policies being mentioned. If you can worm something that isn't being addressed into that rubric you must be an experienced commenter or a lawyer, because that's some creative writing. If you do not address questions or policies being proposed, your comment will be rejected as out-of-scope. The more detail and analysis you can submit, the harder you are to ignore. + +# Selected questions that just about any ape should be able to answer: + + Q6: Securities Covered: Under Proposed Rule 13f-2, Managers would be required to report to the Commission certain short sale related data, as described above, for equity securities consistent with the Commission’s short sale regulations (i.e., Regulation SHO). + +o Should reporting Managers be required to report short sale related data for a different universe of securities than equity securities consistent with Regulation SHO? If so, please explain why and describe the universe of securities that would be more appropriate. + +o Should fixed income securities be included under Proposed Rule 13f-2? If yes, explain why and describe what costs and benefits might be associated with such reporting. + +o Should other securities be included under Proposed Rule 13f-2? If yes, identify such securities, explain why, and describe what costs and benefits might be associated with such reporting. + +o Should certain securities be excluded from Proposed Rule 13f-2 reporting? If yes, identify the securities in question, and explain why. + +o ETFs would be included under Proposed Rule 13f-2. Should ETFs be excluded from Proposed Rule 13f-2? If yes, describe why. If no, explain why not. + +Q7: Economic Short Positions: Proposed Rule 13f-2 requires that a Manager calculate its gross short position in the equity security in determining whether it meets the Reporting Thresholds. + +o Should a Manager also be required to include short positions resulting from derivatives in determining whether it meets the Reporting Thresholds? If so, explain why, and describe any associated costs and benefits to doing so. If not, explain why not. + + Should only certain derivative positions be included? If so, which ones and why? + + Should certain derivative positions not be included? If so, which ones and why? + + Does excluding derivative positions create opportunities to avoid triggering the Reporting Thresholds through other economically equivalent instruments? If so, please explain. + +Q8: Short Position Information: Under Proposed Rule 13f-2, Managers that meet a Reporting Threshold are required to report their end of month gross short position in the equity security. + +o Should a Manager also be required to separately report its end of month gross short position in derivatives, including, for example, options? Please explain. + +o If yes, should only certain derivatives be reported? Please explain. + +o If yes, should certain derivatives not be reported? Please explain. + +o Please describe any views related to the pros or cons associated with reporting end of month gross short positions in derivatives. + + Q9: Short Sale “Activity” Information Reported by Managers: Under Proposed Rule 13f-2, Managers would be required to report on Proposed Form SHO all activity in the equity security on each settlement date during the calendar month. + +o Please describe any views related to the “categories” of activity data that a Manager would be required to report as described in Information Table 2 of Proposed Form SHO. + +o With regard to the reporting of “other” activity, are there certain types of “other” activity that should be reported? If yes, describe the other activity and describe why it should be reported. + +o ETF creations and redemptions would be included under Proposed Rule 13f-2. Should ETF creations and redemptions be excluded from Proposed Rule 13f-2? If yes, describe why. If no, explain why not. + +o Should other activity be included or excluded from Proposed Rule 13f-2? If yes, describe the other activity and describe why it should be included or excluded. + +Q10: Indirect Short Positions or Short Activities: Managers meeting a Reporting Threshold would be required to report a gross short position in an ETF, but would not be required to consider short positions that the ETF holds in individual underlying equity securities that are part of the ETF basket in determining whether the Manager meets a Reporting Threshold for such underlying equity securities that are part of the ETF basket. + +o Should Managers be required to consider short positions that the ETF holds in individual underlying equity securities that are part of the ETF basket in determining whether the Manager meets a Reporting Threshold for such underlying equity securities that are part of the ETF basket? If yes, explain why. If no, explain why not. + +o Are there other diversified portfolio products in addition to ETFs that should be included? If yes, describe the product. Describe why, or why not, a Manager should be required to consider short positions in individual underlying equity securities of the product’s basket of assets. + +Q11: Frequency of Reporting: Under Proposed Rule 13f-2, a Manager that meets a Reporting Threshold must file Proposed Form SHO with the Commission within 14 calendar days after the end of each calendar month. + +o Is monthly reporting by Managers appropriate? If so, explain why. If no, explain why not and describe an alternative frequency of reporting that is more appropriate. + +o Does reporting within 14 calendar days of the end of the calendar month provide reporting Managers sufficient time to accurately report the short sale related information as described in Proposed Rule 13f-2? If no, please explain why not and describe any suggested alternative timeline(s). Alternatively, is the 14 calendar days after the end of the calendar month reporting period for Managers too much time? If so, please explain why and describe any suggested alternative. + +Q28: Is the Commission’s estimation that, over the course of a year, for every short position created by a “short” or “short exempt” sale order, there will be an equal and opposite number of “buy to cover” purchase orders placed in order to cover, and ultimately close out, those short positions, an accurate projection of how frequently “buy to cover” order marks will be used? If there is a more accurate means of estimating the volume of anticipated annual “buy to cover” order marks, please describe its structure and why it is more accurate. + +Edit: Tl;dr: The SEC needs an excuse to finalize these proposals, eliminate them, or make them more strict. You aren't supposed to be telling them anything they don't know. You're supposed to be telling them what is or isn't a shit proposal and why or why not. Being smooth-brained and yourself is better than being a copypasta genius. + +Edit: I made my comment. +Is there a single criterion that would cause you to write off a stock even if it meets or exceeds your standards for every other metric? + +For example, I never buy companies that post negative earnings, regardless of how spectacular their figures are for P/E, P/B, D/E, etc. Curious what other people’s “dealbreakers” are (and of course, it’s ok—and probably wise—to have multiple) +There's a disconnection between understanding of what "value" is, or how to decide what is "investment" and what is "speculation". It's not binary, it's a spectrum. It's not universal, it's relative. It's relative to YOU, specifically YOU. It's not constant, it's relative to price and other opportunity. Lastly, it's not guaranteed. Ever. The future is unknown. You or I might not even be here for it. + +Every person reading this knows some things I don't know, and every person doesn't know some things I do. Unless you are a literate dog, we probably share some qualities. In fact, even if you are a dog, literate or otherwise, we share some qualities and no small amount of identical language in our DNA. Dogs love steaks, and fresh air. Both things I like quite a bit too. But I enjoy looking for undervalued stocks, and dogs seem more interested in fetching tennis balls. We're both animals, but we're not the same animal. + +To go back to GME and the toad's wild ride one more time this week, I can promise you I looked at some of the same numbers that /u/DeepFuckingValue looked at 2 years ago. Lots of people did. I looked at gamestop in 2019, a few times in fact. **I passed.** /u/DeepFuckingValue **didn't.** **We were both right.** + +/u/DeepFuckingValue looked at the company a year or two years back, and evaluated the numbers and the situation, and understood that a lot of short sellers were counting on this company to fold in the very near future. He probably also noticed that more and more short sellers seemed to be jumping on this bandwagon. He knew the situation wasn't nearly that dire. In fact it was likely to be "game on" for Gamestop, for quite a while to come. I got puns all night, so buckle up. Then he looked at the share price, understood the proposition and probability that this was a potentially very asymmetric opportunity (low probability, enormous return, mispriced very cheaply in relation to the potential return). I looked at the same things, but he got from the situation contextual understanding I didn't get. Namely the magnitude to which shorts can backfire and how to estimate it. + +I also recognized, back in 2019, Gamestop was probably not in as dire straights as predicted. I wasn't alone, or special in this. Lots of people, including some famous people, recognized it. Michael Burry. Ryan Cohen. That one guy from the internet. I knew about the gaming console cycle too. I looked over the balance sheet. I got that piece of the puzzle, lots of us did. What I didn't understand very well at all was how short selling squeezes worked in practice, or just as importantly how to value the proposition. I still don't understand that with any genuine confidence, but I do get it more now than I did. Doesn't matter. I didn't get it, it was too confusing for me. So I passed. I said No. + +People who "get it" get this concept. **Two people can do opposite things for different reasons, and both be right.** It's relative to you, your understanding, your tolerance for what talking heads often confuse with risk. Your tolerance for volatility. He understood the proposition, evaluated what he was PAYING for what he was GETTING (in this case not just the companies liquidation value backstop, but the potential possibilities of the price appreciation he could be getting - this eventual squeeze), knew himself well enough to decide if he could stomach the roller coaster, and chose to get on the ride. + +I'm genuinely happy for this guy, and everybody else on these message boards in that rocket or just popcorning along in the theatre. I'm also happy for myself, because even though I didn't have any money stake in GME I understand more about how short selling and squeezes work than I did just a week ago. I got a free option on education. + +The ups and downs are not risk. Volatility is not risk. Here's where we get vague, because this GME story isn't over. It's only gotten started. This has implications for the broader market. Follow me into the fog of tomorrow, will you? + +Even the smartest, brightest people taking this bet 1 or 2 years ago had to contend with a lot of fog. It's not gone. Certainly the picture is MORE clear now than it was last year, but things are still REALLY FOGGY. More foggy for some of us than others. What we're witnessing now is why you cannot apply mathematics to complex systems (especially systems involving people) and expect everything to go as modeled. We don't have all the rules. This isn't chess, it's life. People cheat, bend the rules, propagandize, lobby, sue, counter-sue, weaponize fear and do everything in their capacity to get an advantage, up to and including breaking the law. Life isn't chess, it's poker. But it's way more complicated than a game of hold em. It's poker with 10,000 players at your table and a deck of 2.6 million cards, and a roof that might cave in once in a while and kill some of the people at the table, and one of the waiters serving drinks, and maybe the general mood in the room. Also someone who loses might pull out a gun and shoot the dealer. We cannot know all the things that might happen. But if you're in the casino we call earth, some of these events could affect you. I'm long on humans going to Mars, or Europa, or The Restaurant at the End of the Universe. God rest your soul, Douglas Adams. + +This is why the proposition that the early birds took, people like /u/DeepFuckingValue, is nothing whatsoever the same as the proposition that exists right now. Even if you and I have the same understanding of the proposition he took 2 years ago, and understand why it makes sense, it's not the same proposition that exists now. He bought in at I don't know what, $2 or $5/share. Some long dated options that cost a few pennies. People buying in now are paying $100, $200, $400/share. Refusing to pay too much is your biggest defense against being stupid. Don't be stupid. + +If you're a fan of that Stranger Things show, you probably recognize that theme. "Don't be stupid." "We're not stupid." In that case, we have something else in common. I love that show. There's a beautiful scene in that show where the adopted dad Hopper is trying to explain to this orphaned, frustrated teenager Eleven why she can't go outside. It's not safe. The risk is too high. Dangerous people are after you, and they aren't playing by the rules. Hopper and Eleven are arguing and bickering about this, and neither can see the other person's side. They are both right, for different reasons. + +This is a fictional show, and she is an extraordinarily powerful telekinetic. She can move stuff with her mind. Violently. The government scientists who raised her and trained this ability are after her. Hopper doesn't understand this yet. She can rip people in half with a willful thought. *She's not in danger*. + +Except she is. There are things she doesn't get. Weaknesses she hasn't accounted for. She's got this great little group of friends, and they aren't superheroes. They've got families. Real people she cares about, who are regular people and definitely can be hurt. This is what Hopper is trying to get across. He's got experience, he's lost people. He knows. She thinks he's just an old grumpy boomer and he thinks she's just an emotional child. But they're talking past each other, and as teenagers are wont to do, rash decisions are made and things get out of hand. People die. + +This has so many parallels with what's going on in Gamestop (and the markets broadly) recently. People, "the bad guys", are not playing by the rules. Other people, "the good guys", did not account for this ratfuckery. Now there's a tug of war. In the media, the courts, the SEC, congress, even in the public square of reddit and twitter. The proposition that *was* when /u/DeepFuckingValue and company investigated it 2 years ago is not the proposition that *is* today. Even if it was the same situation, he and I came to different conclusions for different reasons because he understood it and I did not. + +If you want to be an investor, you've got to learn to say NO, and not because "the other guy is wrong". You say NO because you don't understand how to value what is being offered confidently, or you do understand it and you see risks in the proposition that make the price unattractive or this particular proposition untenable for your temperament. Just like anything else in life, be it dating, job offers, or nigerian prince's who just need a little help with an inheritance scheme, successful people learn to say No to almost everything. The most successful people learn to say No so gracefully the rejected party leaves feeling good about getting rejected. + +Investing is saying No to offers you don't understand and requiring a bargain price. Speculation is everything else. At /r/ValueInvesting, *We're not stupid.* + +Corrected: The girls name is Eleven, not Seven. Fixed, Thanks /u/jelledm +So I just got an email from a recruiter with the following job description: + +&#x200B; + +J**ob Title: Operations Analyst I (11874582)** +**Work Location: UNJ0001 525 Washington Boulevard Jersey City NJ 07310 ( Onsite job)** +**Rate: $43.47/hr on W2   ( We can not work on corp to corp)** + +**Contract: Long Term Contract** + +**Main Responsibilities:** + +* **.** +* **Trade Comparison** + * **Clean up on all DTC unaffirmed Prime Brokerage trades, by liaising directly with Prime Brokerage Clients and executing broker’s Middle Office and Settlements teams** + * **Clean up all unmatched international (ie, non US trades), by liaising directly with Prime Brokerage Clients and executing broker’s Middle Office and Settlements teams** +* **Fail Monitoring** + * **Track and resolve all open fails, by liaising with Prime Brokerage clients, internal settlements teams, executing broker’s Middle Office and Settlements teams, Corporate actions and stock loan trading desk and operations** +* **Trade Amendments and Static data updates** + * **Make appropriate amendments and corrections to US and non US trades to amend misbookings.** + * **Request client, executing broker specific updates to static and referential data to ensure BNP Prime Brokerage and Arb RM are instructing with accurate settlement information vs the specific legal entity of the execution counterparty.** +* **Client Service / Customer Support** + * **Act as an operational point of contact for both external Prime Brokerage clients and internal departments to resolve open items  related to unffirmed / unmatched trades, client reports, fails, static data,  and any other operational issues.** +* **Work with Front Office, P&L, Back Office, Third party vendors, and Application Support to resolve operational and booking issues** +* **Monitoring of operational risk by providing proper Front Office Support and ensuring the risk of fraud is set to a minimum** +* **Ensure accurate trading positions in FO system, the daily goal is to correct all discrepancies originated by system bugs, input mistakes, information loss** +* **Manage real-time trade booking exceptions internally between the trading desk and sales force** +* **Assist with project initiatives designed to improve and streamline existing processes** +* **Mitigate risk by reconciling discrepancies between the trading desk’s positions and the firm’s books and records** +* **Participate / assist in event processing and have a full understanding of the life cycle of a trade** +* **Collaborate with technology teams on the implementation of process flow improvements and efficiencies** +* **Contribute to quick resolution of trade issues by liaising with various groups including Front Office, Back Office, IT Team, P&L Controllers and Client Services** +* **Liaise with other Operation functions and other infrastructure groups to support a ‘one team approach** +* **Promote an efficient dialog/discussion with our internal and external partners** +* **Adhere to deadlines and objectives** +* **Where appropriate, ability to maintain and explain own position using logic in the light of differing views** + +**Qualifications:** + +* **BS – Economics, Finance, Accounting or other related field of study.** +* **At least 5 years of relevant financial industry experience.** +* **Strong qualification level in equity derivative markets. Financial market knowledge of derivatives products including TRS, ETFs, Equity Swaps, etc.** +* **Previous experience (1 yr+) in a Derivative Middle office environment or prior experience in working with Trading/ Sales in a financial institution** +* **Proficient in Microsoft Office, especially Excel** +* **Knowledge of various financial markets.** +* **Strong sense of risk and critical thinking.** +* **Maintains high quality of customer service when communicating with clients.** +* **Display good relationship qualities, team spirit, and ability to work cross-functionally.** +* **Proactive and displays willingness to take initiative.** +* **Ability to effectively listen and communicate.** +* **Maintains acceptable response to stress.** +* **Rigorous and well organized** + +&#x200B; + +HMMMMMMMMMMMM + +&#x200B; + +Sure seems like someone is scrambling to reconcile their books on behalf of their Prime Brokerage clients i.e. institutional investors and hedge funds. + +Note this is a LONG-TERM CONTRACT role so it seems they are expecting a lot of work for the foreseeable future. BNP was also recently involved in a money laundering scheme in Gabon but since this specifically mentions derivatives experience I don't think it's related to that. + +Could this have anything to do with Robinhood's recent cost basis fuckery? Perhaps they're not the only ones having trouble unwinding this mess of fraudulent GME shares? + +What do APE think? + +I googled the above and found a few other postings on linkedin so they must be working with multiple consultancy firms. Here is one of them: + +[https://www.linkedin.com/jobs/view/operations-analyst-at-software-guidance-assistance-inc-sga-inc-2540015080](https://www.linkedin.com/jobs/view/operations-analyst-at-software-guidance-assistance-inc-sga-inc-2540015080) + +&#x200B; + +Feel free to rip this apart if you know more; I'm just an ape fighting for the cause of making scumbag billionaires like Ken Kaniff from Connecticut into former billionaires one GME share at a time. + +On a totally unrelated note, but also kinda related, I transferred all of my positions from E\*Trade to Vanguard this week and everything BUT my GME Shares came through, options contracts were fine. + +For some reason, my GME Shares are in the ether but It's too early in the transfer process to know whether fuckery is afoot. I guess I'll know more when I see my cost basis. Will update. + +&#x200B; + +**TLDR: Banks appear to be trying to cover their asses by paying a lot of money to outside consultants to reconcile their likely clusterfucked trade data. Most likely as a direct result of the new DTCC/SEC rules putting pressure on them to do so.** + +**Funny what happens when people do their fucking job 💁‍♀️** + +&#x200B; + +P.S. I reached out to the recruiter to schedule an interview. I'll divulge more info if I make it that far in the interview process lmao + + +Edit: some apes have correctly pointed out that this prob doesn’t mean anything on its own and I agree that’s why It’s just possible DD. + +I still think there’s a lot of recon value given that the language in the description seemed very specific to the discussions we’ve been having here. + +As others pointed out, in a vacuum a job description might just be a standard position they post from time to time but if we start seeing more of these pop up from banks, it can be a kind of canary in the coal mine that banks are scrambling. + +Like a slightly more sophisticated version of the watch the lights on the buildings thing ppl have been doing lol + +To that end, I’m gonna paste u/chuckfina74 ‘s comment below since I think it can turn this info into something more actionable: + +*This is a way tech companies reverse engineer what their competitors are up to as well. + +Databases such as Indeed and Glassdoor are a good place for OSINT. + +“Maybe SWIM should automate tracking financial job descriptions.” + +“I’d focus on contractors, because any company involved in shady stuff is sure as shit going to terminate anyone who finds bad stuff, and it’s easier to “end a contact” than it is to get HR and lawyers involved in FTE terminations.“* +Since this “new” info is blowing up and gaining traction I think it’s time that credit is given where due: Dr Susanne Trimbath. + +She just happened to be a senior manager for a little organization you guys might have heard of: the **Depository Trust Company (DTC).** + +She has blown the whistle decades ago on the very things we are currently talking about! In fact she wrote books about it. Here’s one of her books titled: **Naked, Short and Greedy: Wallstreet’s Failure to Deliver** [https://www.amazon.ca/Naked-Short-Greedy-Streets-Failure/dp/1910151343](https://www.amazon.ca/Naked-Short-Greedy-Streets-Failure/dp/1910151343) + +What have we been talking about this whole time? Naked shorts? Check! Failures to deliver? Check! Hmmm this definitely seems to align with our current GME/AMC predicament. Well with that in mind, what's her book about? + +**“Rigged financial markets and hopeless under-regulation on Wall Street are not new problems. In this book, Susanne Trimbath gives a sobering account of naked short selling, the failure to settle, and her efforts over decades, trying to get this fixed. Twenty-five years ago, Trimbath was working “backstage at Wall Street” when a group of corporate trust specialists told her about a problem in shareholder voting rights. When she went to senior management at Depository Trust Company (DTC), then and still the largest securities depository in the world, they brushed it off saying, “You can’t balance the world.” Ten years later, a lawyer from Texas would tell her that the same problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. This is a cautionary tale. What started as a regulatory failure turned into a regulatory crisis. Shareholder democracy is in shambles. The institutions that were established to correct a problem of trade settlement failures have instead exacerbated the problem. Global financial markets may not survive what comes next.”** + +Let’s have a look to see what’s discussed shall we? + +PART I. OPENING ACT - This is a cautionary tale. **What started as a regulatory failure has turned into a regulatory crisis. Shareholder democracy is in shambles. The institutions that were established to correct a problem of trade settlement failures (failures to deliver shares for settlement) have instead exacerbated the problem.** They may not survive what comes next. + +Chapter 1: Primer. A non-technical explanation of the terminology and concepts used in the book, plus the **economic implications of trading “phantom” stock and bonds.** + +Chapter 2: Start at the Beginning. Twenty-five years ago, when I was working “backstage at Wall Street” **a group of corporate trust specialists told me about a problem in shareholder voting rights.** When I went to senior management at Depository Trust Company (DTC), then and still the largest securities depository in the world, brushed it off saying, “You can’t balance the world.” + +PART II. BACK TO WHERE I LEFT OFF Chapter 3: A Sidewalk Café in New York. At the request of a business colleague, I have coffee with a lawyer from Texas who tells me that a problem was about to blow up the financial markets: **Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs.** I feel a pang of guilt for not sticking it out to fix this before I left DTC in 1993. By 2003, it was a full-blown regulatory crisis! + +Chapter 4: Blind Men Describe an Elephant. When I start working on the issues after 2003, **the lawyers, companies, investors and consultants I meet are like the blind men and a phantom share is the elephant.** From a dentist in Michigan to a Republic operative in Washington DC, few of the self-described experts even knew what a naked short sale was before it either happened to them or someone hired them to pontificate on the subject. + +PART III. COMMITTING TO A CAUSE Chapter 5: Real Experts Meet. The lawyers and several companies they represent are relying on poorly written reports provided by the Blind Men. Recognizing that the errors are piling up and having a negative impact on the outcomes in the court room, I bring in real experts, including the corporate trust specialists who first came to me in **1993. We coin the term “phantom shares” to describe the extra shares being created by short sales, stock lending and fails to deliver.** + +Chapter 6: STA White Paper. **The industry organization of corporate trust specialists, the Securities Transfer Association (STA) issues a report on over-voting after they are** **unable to get help from the Securities and Exchange Commission (SEC)**. Articles in their newsletter include a survey showing that over-voting – the direct result of investors voting phantom shares in corporate elections – impacts every public company. Almost immediately, the Securities Industry Association sends a letter to the NYSE describing how they can **hide over-voting** and the NYSE removes the last remaining rule that made it possible for a buyer to demand delivery of shares. A year later, over-voting is found in every corporate election surveyed by the STA. **Even after the SIA implements processes to hide over-voting, the STA finds one-third of corporate elections are still receiving up to 25% more votes than there are shares outstanding.** + +Chapter 7: Tax Consequences. My research shows that taxpayers and governments are losing out when interest and dividends are paid on phantom shares. The loss of tax revenue is not trivial: as much as $4.0 billion to the states and $1.5 billion to the federal government every year. + +PART IV. SUCCESS SEEMS POSSIBLE Chapter 8: **Regulation SHO. I submit comment letters to the SEC that outline the financial and economic consequences of fails to deliver (FTD). When FTD reporting from NSCC to SEC begins, we are optimistic. Even though it is a list of victims (companies) but not the perpetrators (brokers), this is our first chance to see weekly and then daily data. We still don’t know how old a fail is, but at least we have more frequent reports of the total value of fails and the number of shares failed per company. This chapter includes several of my comment letters explaining the implications for capital markets and the economy of the unfolding regulatory crisis, including the fact that Reg SHO had no enforcement teeth.** It includes the attachments I submitted, like a copy of an NYSE audit proving that they knew that brokers were voting in corporate elections without regard to shareholder rights. + +Chapter 9: Criminal Cases Reveal Evidence. Although none of the lawsuits against the central clearing and settlement organizations (DTCC and its subsidiaries) is able to progress in the state courts, some organized crime cases result in settlement agreements and federal prosecutions. They move slowly but reveal evidence through discovery that supports the civil claims for several issuers against the brokers. This book does not detail financial crimes, but the cases against the primary perpetrators involved in manipulating Eagletech’s stock are outlined to demonstrate the criminal strategies. We visit the more complete story of Eagletech Communications, Inc. in Chapter 10. + +Chapter 10: The Battle Goes Public. When a Dateline NBC segment on Eagletech is announced, the pajamahideen are emboldened, organizing protests and rallies including one on the sidewalk in front of DTCC’s headquarters in Manhattan. The Dateline episode falls far short of the exposé everyone was hoping for. Later that year, the National Association of Securities Administrators Association (NASAA) holds a public forum in Washington, D.C. Publicity for the issue rises to the mainstream media, with a **cover story in Bloomberg Markets magazine focused on the problems created by phantom votes. The CEO of a large public company is in the audience. I challenge him to buy shares of stock in his own company and find out if the seller fails to deliver. His broker debits his bank account for over $1 million dollars – then it takes two months for him to get delivery of the shares.** In the face of this evidence and the harsh reality that it can happen to anyone, Patrick Byrne escalates his activities to warfare. + +PART V. ESCALATING COMMITMENTS Chapter 11: Byrne’s War. With the NASAA event as the backdrop, I push Patrick Byrne to stay focused on the real issue: corporate governance. He has me added to several email distribution lists with what he dubs the **“Pajamahideen” – freedom fighters who work from home in their pajamas.** Patrick hires a firm specializing in “legislative strategies” to arrange a media event in Washington DC. It is poorly attended and not widely reported with only one congressional aide at the event. Instead of explaining the important regulatory changes needed to protect corporate governance, Patrick has the team presentation focus on criminal activity. This chapter includes the text of my online interview with The Sanity Check. + +Chapter 12: Publicity Ramps Up with Meetings, Events and Interviews. I appear at the confirmation hearing when a former DTCC Board members is nominated as State Treasurer for New Jersey. I and some of the pajamahideen point to his Board role as making him complicit in hiding the fails to deliver. Afterward, DTCC will attempt to use one obscure new article about the hearing in an effort to disparage me (Chapter 15). Stories show up in every financial news outlet from print and online to radio and television. Bloomberg produces and airs a special report on “Phantom Shares” and I am the keynote speaker at the Securities Lending Conference in New York. I am contacted by an agent from the FBI-NY and he asks me to meet with the SDNY Attorney’s office to brief them on fails and shorts. I present them with shocking evidence of system-wide problems in post-trade processing. I don’t hear from them again. + +Chapter 13: Naked, Short and Greedy in LA. The CFA-LA initially agrees to put on an event about naked short selling. Bloomberg TV is prepared to broadcast the event. Then DTCC threatens action against CFA-LA if they have me as a speaker. CFA-LA caves and cancels the event. Overstock CEO Patrick Byrne steps up with a small sponsorship and STP Advisory Services funds the remainder for a new event in October. With just a shoe-string budget, we are able to fill a meeting room at the Park Hyatt in Century City (Los Angeles) with attendees from all over the US. + +PART VI. ALL SEEMS LOST After a series of promising events, what happened next offered one setback after another. In a painful, emotionally charged series of events for me, the goal of resolving the regulatory crisis seemed to move further and further away. Things were happening too quickly to have feelings about them: by the time it was over, I was just starting to have feelings about the kind of feelings I had when it was happening. DTCC’s efforts to banish me to the background left me raw as I constantly had to keep up my guard against it. Paradoxically, all of the negativity drew a sense of even deeper commitment from me. + +Chapter 14: Resistance from Wall Street. DTCC escalates their efforts against me. It has the opposite effect, making more companies and investors trust me to speak out on their behalf. They contact the producers and sponsors for events that invite me to be keynote speaker. They even threaten to cancel program participation for a transfer agent who hires me as a consultant. In the end, the people and organizations that I worked with in my years at DTC come to my support with more speaker invitations. + +Chapter 15: Corporate Governance Fails at Overstock. The real blow comes when Patrick has the chance to close it out with the proxy voting charade at his annual meeting. He does nothing because he got the chairman slot he was so afraid “they” would take away from him. The real experts I bring in are ignored completely. I feel Patrick and his lawyers push me aside in favor of a series of yes-men and consultants with worn-out low-level government titles. He will lose his appeal in a million-dollar lawsuit brought against him and one of his writers for libel and defamation. + +Chapter 16: Senate Inaction. Patrick is a big political donor who is able to get some statements about “naked short selling” read into the record by congressmen from Utah. I was able to include a couple of paragraphs about fails to deliver. **Under pressure from DTCC, the SEC and Wall Street’s own political donations, Congress refuses to hold hearings to air the investors’ side of the story. In 2012, the Washington Post will report finding lawmakers in 2008 were investing hundreds of thousands of dollars in short-selling funds.** + +PART VII. WHEN THE MUSIC STOPS Then came the Wall Street bailout, appointing Geithner to Treasury to replace Paulson (who pillaged the Treasury on his way out of town), Dodd-Frank which does nothing but order a bunch of studies. Soon, everyone is so wrapped up in trying to figure out what the rules are going to be that no one is able to move forward with any action. + +Chapter 17: Media Interest after the Financial Crisis. When the financial crisis hits the markets, I am doing radio interviews every month. **In September, Matt Taibbi interviews me for the Rolling Stone magazine article that would be quoted extensively because he called Goldman Sachs a “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” In 2013, Forbes was still referencing that article. The Daily Show produces a segment on short selling that gets attention as far up as the White House daily briefing.** + +**Chapter 18: CMKM and the UnShareholders. A diamond mining firm, CMKM, orders a “cert pull” to get all the company’s shares out of the DTC. It reveals how many phantom shares are in circulation as a multitude of investors – dubbed the UnShareholders – are left holding the empty bag. Brokers begin deleting share positions as they stop returning calls to angry customers around the world, including several active-duty members of the military stationed overseas. But the evidence is there: brokers assigned phantom shares to their most vulnerable customers while getting real certificated-shares for themselves and favored clients. Before it shuts down, the UnShareholder project reveals the same circumstances applied to over 100 investors for 21 more companies across 15 brokerage firms. Launched June 9, 2008; closed in 2010. The investors were located throughout the US and in 5 other countries on three continents. In 2007, shareholders in British Columbia (Canada) sue their broker for refusal to provide certificates for shares shown in their account. The same day it was filed, it went directly before B.C. Supreme Court Justice H. Groberman, who ordered Canaccord to provide the share certificates "without delay."** + +**Chapter 19: Two Documentary Films. Sandra Mohr’s Stock Shock is first out of the blocks among several films, including a few big Hollywood productions that would make the connection between failures in supervision, regulation and post-trade processing and the 2008 collapse of global capital markets. “The bad guys won.” I am interviewed for the documentary Wall Street Conspiracy in July. When the stock market crashes in September, the producers invite me back to explain the connection with what I told them 2 months earlier. The transcript of that interview is included in this chapter.** + +PART VIII. THE TRAGEDY OF A DOWNER ENDING Chapter 20: GAO Faults SEC and Other Revelations. In 2009, GAO would fault SEC for ignoring thousands of “NSS” complaints. My interview with the GAO is included in this chapter. The deeper tragedy is that so many companies lost access to the capital that is a keystone on US capital markets. Of the three companies highlighted in this book, Eagletech folded in 2006, CMKM held on until 2019 (as NHHI). Only Barker Minerals remains a functioning business despite the fact that the shares ceased trading after they could no longer afford to have financial statements produced by an external auditor. + +Chapter 21: Barker Minerals’ Unique Approach. A Canadian mining firm, Barker Minerals Ltd. approached me in 2010 for help with a strategy they developed to ferret out which brokers were failing to deliver their stock for settlement. In contrast to denouncing short sellers, which was the basis for most complaints in the US, **Barker called their analysis the “Pro Long Strategy” for its emphasis on protecting and supporting long-term shareholder investments.** Barker Minerals continues in operations today, primarily using personal funding after the stock ceased trading on 5 April 2019. + +**PART IX. UNRESOLVED REGULATORY CRISIS For decades, investors have settled for a small rate of return in their investment accounts, while the companies holding their money have earned trillions of dollars in income. If there is one lesson learned from my experiences over the last 15 years, it is that even a disorganized protest is still a protest. A small but vocal group of investors and entrepreneurs can shake up the system at least enough to get some transparency. The financial sector has lost its moral compass. Investors and entrepreneurs are on their own when they venture into US capital markets. They have to protect themselves and the wealth they hope to accumulate.** + +I know, that was long, but the depth/complexity as well as the scale of this is **MONSTROUS.** I can not offer any TLDR as all of the info is relevant in understanding the gravity of what we are facing. + +Some things never change I guess... it’s the same shit now as back then. The scary part is that nothing has been done about it. I’ve been reading comments from you guys about emailing these stories to journalists and such, but these guys have had this stuff for years and never touched it. This has gone into the courts/government and was shaken off. + +I’ve said it before and I’ll say it again. If you want to fix this bullshit then hold your shares like your life depends on it and MAKE them deal with the situation they have put themselves in! + +At this point you have a civic duty (as I saw someone else say earlier) + +Most of this isn’t exactly new to us, but one thing in particular was new to me and I think it deserves some more attention. **Over-Voting**. “One-third of corporate elections are still receiving up to 25% more votes than there are shares outstanding.” **Are you kidding me?! That’s not a little sus?!?!** I’m not sure what the current situation for over-voting is, but here’s a fun fact: GME shareholder meeting is coming up soon. Do we expect a stock that currently has 142% (or whatever the hell it is now) institutional ownership to also have over-voting?! This thing is a **MESS!** + +This is one hell of a rabbit hole and will require some time and effort, but I think it warrants a look to see if anyone in the past stood their ground the way GME shareholders are. I doubt it ever happened, but it would be nice to confirm. If they did and still failed I would like to know what happened. + +Had to edit a few things now that I have some time: took out “little lady” as it came out derogatory, but was not intended that way. +The U.S. Treasury Department on Monday designated China as currency manipulator, a historic move that no White House had exercised since the Clinton administration. + +“Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator,” the Treasury Department said in a release. “As a result of this determination, Secretary Mnuchin will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China’s latest actions.” + +https://www.cnbc.com/2019/08/05/us-treasury-designates-china-as-a-currency-manipulator.html +As I sit here struggling to calculate taxes on an [ISO](https://secure.wikimedia.org/wikipedia/en/wiki/Incentive_stock_option) exercise (I may end up getting the Earned Income Credit *and* owing AMT), I'm overwhelmed by the sheer incomprehensibility of the US tax code. + +I believe the government has the right to collect income taxes. However, when the laws reach a level of complexity such that ordinary citizens cannot faithfully follow them (even with the expert assistance of an accountant), we are being deprived of due process. + +Any lawyers out there want a test case? I've got a clean history (tax and otherwise). Heck, I even used to *trade options for a living* and I still can't figure this stuff out. +The question is- why would you ever trust this company? How do you not reach out to a customer who trusted you with this amount of money? Is this who you want to be dealing with if/ when the shit really hits the fan in the cryptocurrency space ? It is a total sham(e), I would have absolutely been a customer, and likely an active one long term. For all those who have had positive experiences with Coinbase- that's great, but don't assume it will not happen to you at some point, especially when liquidity goes to hell after a crash. If they can't help a newer customer willing to put in a large amount of funds, why will they help those who put in less. No, I did not deposit this amount without depositing a smaller amount first, which went through, so assumed the systems were fine, and hey worst case the wire is rejected .... WRONG. Don't assume it won't happen to you!! Yes I filed a CFPB and state Financial Institutions complaint. Yes I called a zillion times. Yes I did everything they instructed on their "customer support" site. Never in my wildest dreams did I think this could happen in this country. This company has reared its ugly face as a total fraud and/or perhaps a total Ponzi scheme. How in the world do you return other wires from 5 days ago before addressing ones from more than a month ago, never mind the amount! Let this be a warning to you all, I would not wish this on ANYONE. + +ADDENDUM: I attempted to transfer to my GDAX account, but the wire goes through the associated Coinbase account, and shows up as a Coinbase deposit (had transferred funds before), hence the references to Coinbase. + +** UPDATE **: I received an email today, Day #33, from GDAX support notifying me that they reviewed the case, and that they will re-send the funds back to the originating account. +If they follow through, it will be confirmation that it truly is a manpower issue with Coinbase/ GDAX, and should be very encouraging to all with funds transfer problems. I will update this post when/if funds are actually received back. + +** UPDATE**: Day #37- No funds received. Received the Consumer Finance Protection Bureau response back today, Coinbase stated the following: + +"Company's Response +Hello Mr. ###, I am sorry for the recent troubles with your wire transfer and also the delay of an agent getting back to you. An agent was able to reach out to you via case ### regarding your issue. There was an issue processing the return of your wire, but another team looked into it and had the funds sent back to your bank. If you have not seen the funds or have any other questions, please feel free to reach out to above mentioned case and we can look into the matter further. Again, I am sorry for the recent issues with your wire transfer." + +Again, no funds have been received, and all they did is assign another case # without a Point of contact. +Raining money in Antilla. This is the fastest any large cap stock going debt free + +Exactly 0.9% given to silver lake and again 0.9 to TPG + +Reliance exchange statement says they will leverage TPG expertise in technology to grow the digital platform. I doubt all these companies will exit immediately on listing. Many seem in for the long run with a plan to build a massive growth platform. + +update: since this post, another PE firm L CATTERSON has invested additional 1894 stake of 0,38%. Jeez.. it’s like they are buying stocks on an exchange directly +Didn't see this posted on this sub, but it looks like Questrade finally got on the instant deposit train with WS offering it, albeit in smaller amounts. About time! I know they had a similar function, but it was severely limited to like what, 2-3 banks? + +https://questrade-support.secure.force.com/mylearning/view/h/Account/Instant-deposit/ +I see this over and over in my family and friends and ironically in r/personalfinance. " I want to live my life, not save every penny", that sort of thing. + +**It is possible to save while still doings fun things, eating nice meals and traveling.** When someone makes it a this-or-that situation I think they are making excuses for poor spending habits or budgeting. Sometimes deferring gratification leads to the ability to have MORE fun and freedom once you've established yourself financially. I'm NOT talking about waiting till retirement BTW, im talking about getting a budget setup, getting some investments going, getting some interest coming in, paying off debt that costs you interest etc. Interest is money you could be using for fun, that you instead are paying to some huge corporation. What I'm describing isn't some kind of punishment, it's a way to be more intentional and to always make sure the things you are spending on are helping you attain your goals and add lasting fulfillment to your life. It's the ability to buy things at their actual cost because you can get a decent interest rate. + +I don't make insane amounts of money, but I'm careful and try not to buy things I don't need. I always ask how many times a year I will use something before buying it. I think about how small amounts add up to be a big amount over time. My family mocks me saying things like " he still has his first $1." Basically saying I'm cheap. They all buy whatever they want when they want it. They are in debt, stuck in life and unfulfilled by the very items keeping them there. Once you get on the roller coaster of spending on credit cards for instant gratification, it can be VERY hard to get off. + +I'm not saying this in a judgemental way, I've just seen so many people I care about struggle financially because of this mindset. I've seen it limit their ability to see the world and follow their dreams. Seeing it being perpetuated in a place designed to help people get their shit together is kind of brutal to watch. + +If you are a young person coming here for advice, this is the best advice I can give: Briefly defer your gratification. Half the time the thing you "must have" seems pointless if you just sit on it for a week. Avoid impulses and focus on experiences and items that will last and wear well over time. Once you have established a solid financial foundation, your ability to go places and do things will quickly outpace the friends and family around you that are focused on attaining every minor impulse and paying off the associated debts. + + + +**TL:DR You can be financially together and still have a fun!** + +**EDIT: New post showing examples: +https://www.reddit.com/r/personalfinance/comments/5n3zej/small_changes_can_help_you_save_and_have_fun_here/** + + +Don't trade they say. + +Don't try and time the market they say? + +think long term they say! + +I also took the money I saved for HS for my daughter because I got tired of making .22 interest every month and bought UPS at $205. It was already down 15% off it's high and was paying a 3%+ dividend. + +what could go wrong? I don;t need the money until next year. + +safe, blue chip company, buy on the 15% pullback + +re-iterated earnings + +increased divided + +It's $169 today, I,m down another 15% lol + +I'm about to sell everything and go to cash, so I guess the bottom is close. +Would presume over the last 3 to 4 years the losses of those betting against Tesla would be much higher than 38 billion. +Also over the last year, anyone betting against the FAANG+M stocks would have been decimated. + +So why is the Popular Meme stock so important? If Apple market cap goes down 1 percent it probably same loss as the shorts had against the popular stock. + +Edit: thanks for all the replies and insight. Much appreciated. +Theories I have + +1. Access to sea trade +2. Less influence from prior communist forces +3. Less threat from various invading (large) tribes of Asia +4. Cultural advantages in the West, earlier enlightenment period + +Maybe some or all of the above play a major factor but I can't help but consider this also + +* The East should be on the path of land trade routes +* The Byzantine empire was richer than the Western Roman empire + +What is the main reason the west is richer than the East? I'd guess greater capacity for ocean trade or less threat of invasion. +Hi all, thanks to a lot of help from UKPF I recently purchased a property!! When I went to set up my council tax I was shocked to hear that the property was empty for an entire year prior to me becoming liable for it so I “Inherit” (words used by the operator I spoke to) the previously unpaid due council tax??? + +I’ve done a bit research and I’m finding that the previous owner should be the one liable and the information I was given by the council is incorrect. + +Very confused as I’ve just had this sudden cost thrown on to me so I would really appreciate any advice that was given and also if anyone has experienced this before. + +(FYI this is with Bolton Council) +I’m 33. I’ve 15k in a RRSP. that’s it. I’m fiscally illiterate and have been too embarrassed to ask. My Edward Jones associate feels rather useless. I make on average 108k/year before taxes and am taxed at 32% +No sweet clue where to start. Ready to take a step in the right direction. +GME is the great prize, it’s the one that will topple empires, and that’s why it will be the very last to pop. They’ll throw all manner of distractions in front of us, if you’ve been paying attention you know they already have. And that means shareholders from other securities benefited for a while while shareholders of gme obviously didn’t. Silver, weed stocks, rocket mortgage, dogecoin and other cryptos, the worthless other stocks pumped on wsb, the list will keep going on and on until our enemies are finally vanquished. Courage GME holders! Strength GME holders! +https://www.reuters.com/markets/rates-bonds/moodys-puts-russia-ukraine-ratings-review-downgrade-2022-02-25/ + +Russia's invasion of Ukraine triggered a flurry of credit rating moves on Friday, with S&P lowering Russia's rating to 'junk' status, Moody's putting it on review for a downgrade to junk, and S&P and Fitch swiftly cutting Ukraine on default worries. +I've read through the quarterly earnings miss & I read a few topics on the issues with both of these companies (more competitive landscape for PYPL & declining userbase for FB/...) but these are now available at a pre-pandemic price 2020. + +Anyone else feel the same way? +I was not a holder of these 2 stocks before the selloff but I jumped on both last week. +Price was just too attractive for me. +Saw there was another post but it didn't mention LUV as well. + +[https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-sells-huge-blocks-of-delta-southwest-stock-51585949991](https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-sells-huge-blocks-of-delta-southwest-stock-51585949991) +To start off, I'm someone that has diligently tracked all my expenses and incomes since the beginning of my adulthood and I highly recommend it. It lets me get a bird's eye view of my spending habits and course correct. + +But something that bothers me is how to handle investments and redemptions into and from mutual funds and stocks. + +Technically, every time I do an SIP or lump sum purchase, it is an expense and every redemption is an income in my budgeting records. But that's not exactly accurate as spending on mutual fund investments is not akin to the other purchases we make. Similar case with the incomes from redemption. + +The way I see it, an indulgent purchase of some electronic gadget I don't really need is something that should reflect negatively. On the other hand, a "purchase" of an index fund units is a good use of money and will be negatively reflected alongside the earlier purchase. + +Any ideas about how to handle this? Thanks. +Late last month, INR 714 were deducted from my PayTM wallet for a Zomato order even though I hadn’t placed the order. This was the second time this had happened to me — the first time was in January and the reversed charged was reversed. Anyway, this time it happened I contacted both Zomato and PayTM on Twitter and let them that I had not placed that order or authorised that transaction from my wallet. What do you know, both of them failed to offer an adequate response that offered even a moderately acceptable response. Both of them said something to the effect of ‘The service has been delivered. Not our problem. Contact the other company’. + +I eventually dropped it with Zomato, because I figured this was more of a PayTM concern since a random stranger was able to use my PayTM wallet without the requisite authorisation. Every time I texted them they sent me the following: + +“We would like to inform you that your transaction of Rs.714.0 to Zomato media Private Limited under order \[Order number\] was successful. Kindly note that the delivery of products or services solely depends on merchant's service and delivery policy. So, we request you to coordinate with Zomato media Private Limited for confirmation of services/product delivery. We have noticed that you have linked your wallet with the merchant. In case you want to view or make changes to any linked app or subscriptions on your Paytm account, kindly follow the steps below” + +I eventually wrote to the Ministry of Electronics & IT and was asked to write to PayTM’s cyber cell first and then advised to report the matter to MHA’s Cyber Crime cell in case Paytm refuses to address the problem. + +So, I wrote to PayTM’s cyber cell. I kid you not, they sent me the same reply I mentioned above for over a week. I tried explaining to them in every possible manner that I had not authorised this transaction or offered access to my wallet to the person who had placed the aforementioned order. Of course, they continued to ignore every piece of information and proof I provided and instead gave me the same reply every single time. Made me want to tear my hair out, honestly. + +Anyway, a week later, I turned to MHA to report the problem. It has been a couple of days. Does anyone know how long this could possibly take to be addressed? I have removed all my card details from my Paytm wallet of course, but unfortunately I am still compelled to use it because my employer routes the food coupons-thingy through Paytm now or I would have deleted my account the first time it happened. So, for now, I am stuck using the food wallet amount pretty much as soon as it is credited for the fear of it being misused yet again. + +Also, any advise for how to deal with this further? + +**Edit 1: Added screenshots** + +Here are some screenshots. + +1. [Payment notification](https://imgur.com/a/ov86DyU) +2. Zomato reply: [1](https://i.imgur.com/HOjhr8e.png) | [2](https://imgur.com/a/h9COO8K) +3. [Further details shared by PayTM](https://imgur.com/a/UTML1mY) + +P.S.: This is the first time I am posting images to Reddit. Please let me know if am going about it wrong. + +&#x200B; + +**Edit 2: Some updates:** + +1. Wrote to my HR to let them know about the issue with PayTM. Received a "contact your bank" kind of reply from them. So, there's that. + +&#x200B; + +2. Got a call from PayTM cc today -- for the first time since this shit started and my God, to say that conversation was infuriating is a massive understatement. The executive didn't know why it took so long for them to call me about this, said he only received this today -- you know, instead of saying he will try and find out. Tried giving me the same BS about how my PayTM wallet can't be deducted unless it is linked to Zomato and stuff. Told him had he or anyone else in the team cared to read anything I have said since 21 March, they would know this was not placed from my Zomato account. I then explained it to him again and told him I never received an OTP. As soon as he heard the OTP bit, he told me I wouldn't receive an OTP if my account was already linked. Of course, I explained to him again that if he would have paid attention to what I am saying that that wasn't the case and that I never received an OTP at any point that I couldn't account for. Also, told him that a complaint with MHA's cyber crime division had been filed. Also, told him he should make his seniors listen to this call so they can see how God awful a job he was doing -- the guy was endlessly defensive and instead of patiently listening to what I had to say, he continually kept talking over me. Gave me the same BS explanation everyone from PayTM has been giving thus far, even after I told him that I had clearly said in my emails that this explained NOTHING. + +&#x200B; + +New update [here](https://www.reddit.com/r/IndiaInvestments/comments/mkftre/unauthorised_transaction_from_paytm_wallet_for_a/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; +If you're buying a crypto to fork into alts, choose LTC. +Then sell on the btc or eth market of your exchange. +After that you can buy the alts. +Cheaper and faster than buying btc or eth these days. +https://www.cnbc.com/2020/07/22/tesla-tsla-earnings-q2-2020.html + +- Earnings: **$2.18 ex-items vs. 3 cents per share** +- Revenue: $6.04 billion vs. $5.37 billion, expected. +- Net income: $104 million (GAAP) + +Closing in on $1700 stock price again, a year ago it was at $260. + +Edit: Elon [smiles](https://www.reddit.com/r/teslamotors/comments/hw1pau/a_perfect_month_for_elon/): https://preview.redd.it/jx1fb21vzgc51.jpg?width=354&auto=webp&s=1f352ff6ffb566e214fcf141247635555aecef19 +As I understand when a bank takes on a liability (creates a new loan), this is when new money is created in the economy. I don't understand why banks do not create unlimited loans, as each loan created generates profit? + +Btw I'm not a troll, just really trying to get my head around monetary theory. +Sure anything is “possible”, but is it without harm? How could that be canceled in a way that wouldn’t have adverse impacts on anyone involved in the financial system - consumers or providers. +Came across this interesting article wanted to share. + +https://www.biznews.com/thought-leaders/2020/12/16/retire-at-55-and-live-to-80-work-till-youre-65-and-die-at-67-startling-new-data-shows-how-work-pounds-older-bodies + +Edit: fixed link. +Typically in my experience in Canada, these are the only two things that people think to invest in. I imagine there are a couple of reasons for this: a high barrier to entry to entrepreneurship/starting a business, the fact that RE has seen better than market returns for decades. the fact that there is no minimum required investment for securities. Myself I can't think of any other place to put my money in Canada. + +So my question is: what else are you investing in that isn't stocks or real estate? +Don't know if I'm going mad or something, but people seem to have forgotten the 4.5 Trillion the FED gave away to Banks/WallStreet in the Q4 of 2019, even before the so called Covid plunge in 2020. + +[https://tokenist.com/fed-finally-identifies-banks-received-4-5t-q4-2019-repo-program/](https://tokenist.com/fed-finally-identifies-banks-received-4-5t-q4-2019-repo-program/) + +[https://wallstreetonparade.com/2020/04/here-are-the-contracts-showing-how-4-5-trillion-in-stimulus-was-outsourced-to-wall-street/](https://wallstreetonparade.com/2020/04/here-are-the-contracts-showing-how-4-5-trillion-in-stimulus-was-outsourced-to-wall-street/) + +I mean since people are discussing the reasons for inflation because of RC's Tweet and all, but how can anyone honestly accept inflation is increasing because of "Supply chain" issues as a credible answer without doing a double take if they are indeed serious. + +&#x200B; + +&#x200B; +So this would probably also fit into r/relationshipadvice but since our disagreement exclusively concerns money and FI/RE, I rather wanted to post it here. If it does not fit this sub I am sorry and will obviously delete the post. + + +I’m in my mid 20s and have a GF of 7 years whom I love deeply.. however... while we are very suitable for one another in most regards, we are not compatible at all when it comes to my FI/RE plans. + +She has a very good education (Bachelor/Master/PhD in psychology), but recently told me the entire truth: +She wants to stay at home, first with “kids” and afterwards just on her own. She does not plan to go to work ever again after she gets pregnant. Moreover, as of now, she also does not want me to retire anytime before 70 because I, “as the man, have the obligation to care for her financially”. As she likes luxury products (e.g. chanel bags) and vacations, retiring early on just my income seems unfeasible. + +What’s even more troublesome, she also does not agree to split my income into two so that everyone can spend/invest their own part. If I want to invest my own part while she spends hers on luxuries, she still wants to (and legally would if we were to be married ) own 50% of my investments. Effectively, this discourages me from investing in our future altogether. + +I tried talking to her about this many times, but she would not budge in that regard, pressuring me emotionally by saying things like “You really do not love me if you don’t want me to be happy” and multiple other ironic things like that... To be fair, her parents live like that so that’s probably where she got this idea from. Her father earns 200k+ and wants to retire as well, but so far was not able to (he turned 56 this year), mainly due her mother having the same expectations and being of high maintenance as well. + + +Overall, I am just at a loss of what to do. Either break up with her or just relinquish my hopes of FI/RE seem to be the only viable options. + +If someone here can think of any other options or was in a similar situation (or maybe just had disagreements over money with their SO), I would be glad to hear about that! + + + +EDIT: First of all, wow this blew out of dimension! The community really proves once more to be invaluable, well-experienced and supporting. Tomorrow I will have the time to read through every single comment and try to answer them. +Even as it stands now, I learned much by your discussions and am incredibly grateful for all the new thoughts that were provided here. Reading through them really helps me to shape my own opinion more clearly and to consider new important aspects. Overall I should also mention that she really does have many positive attributes as well, otherwise I would probably not have stayed in the relationship as long. I would not be were I am today if not for her help and love and I can not just ignore my past happiness with her. Yes there are many red flags, but there are also various things that make up for many of them. + +Currently I’m leaning toward discussing and settling things once and for all when she comes back from her current vacation. I will talk about my expectations very clearly and ask her more details about hers (and her reasoning). I will formulate what I think is absolutely necessary (e.g. mutual plans for future savings but also things that I would want to put in a pre-nup) for me to continue the relationships and also where we might be able to find compromises. Overall, I will also make clear that if she can not change in this regard without starting to resent me, then I will have to end it before it’s too late, as hard as it may be. + + +EDIT2: +Sorry that I didn’t answer all the comments and that it took me so long to come back to this post... There was a lot of arguing and tears, and there were also other circumstances which made the situation and relationship even worse (i.e. possible 3 years of long distance relationship ahead). In the end, I broke up with her and blocked every means of communication. Still hurts like hell through and makes me kind of depressed, but I try to spend time with friends and make myself busy. Thanks again for all your advice, it helps at least a little bit to know that it might have been the right choice. +Ive tried every strategy out there and backtested thousands of times. but once I go live my account just slowly dwindles down till it is completely blown. I genuinely don't believe its possible to be consistently profitable for LONG periods of time trading forex. The longest Ive gone is a week. + +it disappoints me that Ive spent so much time on this and cannot stay consistently profitable which defeats the purpose of trading as a whole when your account will eventually blow up. I want this shtt to work so bad but it seems the odds are against you no matter what you try. + +makes more money to sell scam courses than it does to trade +Hi there, how’s life in the crypto world? It seems like a long time since I posted last but I’m aware of time constraints so let’s get right into it. +If you would like to make a lot of money very quickly, this will perhaps be music to your ears. + +WindSwap’s brand new token due diligence checker, (which automatically runs when you import a token onto their dex platform, before you swap tokens) is being released into production mode in under 5 hours (Sunday at 8PM UTC), and it is going to disrupt the exchange model forever. + +🔐 Join Over 10,758+ Members -[ https://t.me/windswapmembers](https://t.me/windswapmembers) 🔐 + +**So what does the scanner actually do?** Well, the details are under wraps at the moment, but from what I’ve seen so far, it uses multiple different sources (including token sniffer) to go through several different checkpoints on the tokens as they are imported. This will then come up and display any information that the developer may not have been honest about and will return a ‘token score’ as well. + +It’s common knowledge that people are naturally forgetful, unfortunately dishonest developers capitalize on this lack of due diligence(even though we all know about token sniffer etc.) and it can be very costly for investors why this is going to create massive waves. + +**The upcoming event is now literally less than 5 hrs away - right now is an ideal time to consider youe entry point.** + +Investors are arriving in droves to invest in $Windy because the WindSwap team has been super transparent about their aspirations for making it to the top 3000 tokens. Here is a list of their accomplishments in the last few weeks alone 📣 + +✅ Coin Market Cap + +✅ CoinGecko + +✅ LIVE Functioning DEX (Proven Use Case) + +These sort of opportunities definitely don’t show up very often, so grab a bag with those diamond hands of yours if you haven’t already because when this train leaves the station with early investors, it ain’t coming back. + +🌐 Site:[ https://windswap.finance/](https://windswap.finance/) + +✅ Telegram:[ https://t.me/windswap](https://t.me/windswapmembers) + +🧾 Litepaper:[ https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +💰 Coin Market Cap:[ https://coinmarketcap.com/en/currencies/windswap/](https://coinmarketcap.com/en/currencies/windswap/) + +💵 Coingecko:[ https://www.coingecko.com/en/coins/windswap](https://www.coingecko.com/en/coins/windswap) +So this is sort of a relationship question as well as a money question... + +I'm currently 30, with a NW of around ~3M and a steady income over 200k-500k (depending on stock), not too much expenses (<5k a month including rent). My mom is 65 with a NW of around 100k, not currently working, basically no income except I believe some unemployment benefits? + +So, it's inevitable that I'm going to end up needing to support her financially, probably in the not super distant future. + +I'm generally OK with this, but my question is, for people who support their parents financially, how do you handle it? Do you think it's ok to set rules on how the money is spent? For example, my mom currently leases a Lexus, which to me seems absolutely insane for someone with no income. I'd like to set a ground rule that I will not support her financially while she's leasing a luxury car...because I need this money to stretch. I'm also starting my own family soon and don't want a massive dependent. + +So anyways, long way of saying, how do you all handle situations like this? +As we all know, Gamestop recently announced plans for a stock split/stock dividend, pending approval from the shareholder meeting to increase the possible amount of shares. This is clearly a strategic move from RC and the board, due to a simple market dynamic: + +**If you are a short seller, you are responsible for paying the dividend**. + +The amount owed by SHFs is relative to the size of the short position; the larger the position, the more owed. And as we all know, their short positions are so disgustingly massive it's hard to even fathom the amount they would owe. + +With a regular cash dividend, short-sellers are by no means happy campers. However, most would be able to meet the requirement and continue chugging along, due to the countless ways they are able to come up with cash. As our boy Ken Griffin once said, “*we don’t manufacture cars, but we do manufacture mone*y”. + +Unfortunately for our SHF friends, satisfying responsibilities for a stock dividend is not a simple task. They cannot simply “manufacture” the cash equal to the dividend. Instead, they would need to go onto the market and purchase the shares, which for obvious reasons is a whole lot scarier. + +In theory, the stock dividend sounds terrific, but has it ever been successful in taking down short sellers before? + +# OVERSTOCK + +For those unfamiliar with this case, Overstock ($OSTK) is an internet retailer that was the target of vicious predatory short selling throughout the last 10-15 years. The company’s ex-CEO, Patrick Byrne, was very outspoken about the criminal short activity trying to take his company down and was consequently labeled by MSM as a crazy conspiracy theorist, that naked short selling isn’t real, yada yada. I think RC is galaxies smarter than Pat Byrne, but they did share the common characteristic of hatred towards evil SHFs. + +Anyways, in May of 2020, Overstock did something pretty unprecedented. They issued a digital stock dividend, not unlike what Gamestop is about to do. + +[Overstock's notice to shareholders regarding the digital stock dividend](https://preview.redd.it/v4lqlpcmujz81.jpg?width=2532&format=pjpg&auto=webp&s=3f6216185b2689c417e600ce73d622dc17c4bd9f) + +Just how bad can a stock dividend be for short-sellers? Well, let’s see what happened to $OSTK. + +&#x200B; + +[price run-up following stock dividend ](https://preview.redd.it/3jzhwa9qujz81.jpg?width=1486&format=pjpg&auto=webp&s=288702c4567a9baab5a2b63221e5ea8c182e61d7) + +In just a few months, the share price skyrocketed from $18.5 to over $120, a **560%** increase. No major company news was reported during this timeframe, meaning there was no explanation for this crazy price run-up other than SHF’s getting f\*cked and having to buy tons of shares to meet the dividend, some firms possibly even getting margin called on their underlying short positions. + +I bring up this example because we often theorize what will happen with the upcoming GME stock dividend. Through the analysis of this recent occurrence, we can get a pretty accurate picture of what is to come. OSTK surged almost 600% on a *fraction* of the short interest we know exists in Gamestop. More importantly, there’s no escape to this strategy, when it’s executed right. If a loophole existed, then Overstock’s insane price squeeze simply would not have happened following their stock dividend. + +I am yet to hear a single good argument explaining why the GME stock split/dividend won’t be successful. The vote will 100% pass at the shareholder meeting, and then it’s up to RC to decide the best time to strike. + +I cannot wait to witness the coming events. + +Buckle up everybody. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I'm 30 years old, married and with a small kid. I work for my father and get minimum wage. I live with my parents and don't know what to do... I think my father likes to me being around. He loves my kid, but my wife doens't like this situation. We have a lot of conflicts, here where I live we dont do much with minimum wage. My parents support me, my wife and my kid. They pay for my wife education and my kid's. I like this but need my independence and I don't know how i can get it. Maybe I need another job or rent a house, but with my salary we can't. I work from 8 am to 5 pm sunday to sunday. When I need some time off, he gives me! I don't know what to do + +Edit: Im from Brazil and our minimum wage is about 220 dollars a month. My father is not an abuser just to be clear. He never made me locked in his business + +2nd Edit: thank you Very much for the sugestions, I Will talk with my father and Will Tell everything that IS bordering me, and explain to hum what I have planned for my family life. I Will edit again with some news in a couple of days. Thank you Very much guys, I didnt think that I would receive a Lot of messages, Sorry for not answer all of them, but a read everything. Thank you guys again! +# Ok retards listen up. Been seeing lots of degens writing small DD pieces of bullish or bearish shit. Y'all need to read this cos this is the whole fucking thing. + +this is also basically my magnum fucking opus so upvote retards. Dont give me awards, legit go buy a powerup membership for a year. Cant tell you to buy shares because we gonna get closed down by SEC somehow. + +im also not some fininacial advisor or whatever just read this and make your own conclusions degenerates. Im not fucking liable lmao but i am balls deep 125 shares @ 19 average now, its literally all I have on this earth. + +TLDR: GME DD sumarized, Margin wont affect longs the same way as shorts right now. Dont buy shares on margin though and get ready to supply collateral regardless. Short interest is up and some smart retards are on our side. Read the post to raise your IQ from 8 to 9 though. **🐻 🌈s mega fuk and even posting high level bear shit to scare us.** + +Compulsory 7 rockets so you autists dont start having a seizure or something: + +🚀🚀🚀🚀🚀🚀🚀 + +Basically been seeing posts about "blah blah margin this, short interest this, WS to clever blah". Going to split this post into distinct sections but im no english degree so dont expect any bear bloomberg level shit or something + +# 1. GME is a fucking steal regardless of squeeze. Buy now or be left on a dying planet while we head to alpha fucking centauri. + +So basically everyone here knows about Ryan cohen and his horsemen of the apocalypse coming to steal melvins lunch money. This man bought apple stock in 2017. Hes fucking rich. Hes also an eccommerce wizard, taking CHEWY from a measly 100k co-founded company to a $4 Billion company in 2017 at which point he sold it to petsmart or something. Its now valued at $40 Billion, granted anything eccommerce now gets money thrown at it like a stripper in a high flying strip club or some shit , so dont listen to me, so it may well be a bubble. Regardless the thing grows its revenue like bacteria doing binary fission on agar jelly 🚀🚀🚀🚀. + +THEY SELL FUCKING PET FOOD. the market for that is like what? $1?. Gaming is going to the moon and is basically recession proof because of how cheap game is compared to other things for how much you get out of it. Any bears saying that Gamestop cant compete with digital or with amazon. Ryan cohen already slapped amazons head in with a no name brand. Hell fucking do it again. About digital everyone here already knows, microsoft deal, Ryan cohen also mentioned the possibility of having "Digital game exchanging" or something, image below. + +[Online trade ins. It says online.🚀🚀🚀🚀🚀🚀🚀](https://preview.redd.it/2ba9j5d2zvb61.png?width=414&format=png&auto=webp&s=7b6f3f26c3588fdb8cc779aee8a3b1ce42859f33) + +He also mentions streaming, digital content etc and aside from all the digital stuff wants GME to move to a community centric structure where big stores operate with VR centres, Internet cafe, table games like Dungeons and dragons and 40k (rapidly growing somehow will boom post covid) and as we now might know due to this post: + +[https://www.reddit.com/r/wallstreetbets/comments/kypuyb/gme\_dd\_buildapc\_kiosks\_coming/](https://www.reddit.com/r/wallstreetbets/comments/kypuyb/gme_dd_buildapc_kiosks_coming/) + +BUILD YOUR OWN PC KIOSKS. This is the literal smell of money. Go to your Gamestop to build your PC with your kid? Gamestop is already the goto place wher your parents go to get you your latest digital fix so now they can go build PC's and it cant go tits up? + +**Now for some pussy boomer talk (aka fundametals or something).** + +The expected Q3 EPS was -0.84$ or something close to that. The actual loss was -0.53$ but boomzoids only talked about the revenue drop. No shit sherlock its closing all its dead weight stores. + +In the holiday report I will talk about a bit more below, 11% of stores were closed and revenue dropped only 3%. Comparitive store sales increased nearly 5%. They cant get enough consoles to sell so expect the momentum to carry on for the whole year I expect. Eccommerce is up 300% over holidays. In Q3 they reported 800% to date. In 2020 Gamestops eccomerce went up 24x. YES YOU READ THAT RIGHT. Online sales now account for \~33% of Gamestops sales now. This is literally gold dust for ryan cohen. + +We are still trading at 0.38 P/S at this price. The average P/S for the SP500 is 2.753. Massive upside on these two numbers alone. + +Burry got in this for the MOASS and the intrinsic value. At the time intrinsic value was like $22 and this will pump up as RC takes it to new heights. + +GME in Q3 somehow halved the expected loss. Big Bad Boomer sherman somehow didnt fuck it up that bad by saying "omnichannel" at the speed of light. Yes the revenue dropped 30% but thats covid for you. As the PC kiosk post above shows GME now sells small items basically so fast they have to have fake stock lmao. The new console cycle always spikes the share price sky high too, as youll see in a crayon drawing later. The potential revenue that this console cycle brings in could be huge. Biggest ever is potentially a true statement and Gamestop sells every fucker they get. Combine the fact that they share game pass ( a massive hit) revenue from the xboxes they sell, something no other retailer has, revenue could be sky high. + +Now I know you autists are starting to develop short term dyslexia or something but keep reading. This could be the most important piece of shit you read in your life. How do you think I feel? My brains overheating just trying to write coherent sentences. + +Holdiay report was a bear trap imo, saw people saying the decrease in revenue was bearish blah blah blah. Lies. Comparitve store sales rose 5% and thats with some towns having like 4 gamestops. When the leases dont get renewed and these stores get liquidated (Also in Ryan cohens letter) they can just get this influx of cash and pay down debt and invest in logistics and marketing and new growth. Gamestop realistically needs like 1/2 the stores they have now and just need to improve efficiency. + +[https://www.entrepreneur.com/article/349890](https://www.entrepreneur.com/article/349890) this article the messiah himself wrote. In it he states: + +>At Chewy, we had maniacal discipline when it came to how we spent money. The company-wide culture of frugality came from his example. Free cash flow was our unwavering governor of growth. We grew Chewy from $200 million in sales in 2013 to $3.5 billion in 2018 while spending only $130 million in capital, all of which went into opening distribution centers across the country and acquiring new customers. + +Maniacal. Thats all I need to say. The guy is going to get to mars before papa musk and he wont even break a sweat. When FCF starts to catch up to WS expectations every analyst who donwgraded them is gonna get ditched and upgrades will start to happen. + +So in the heading i said its a steal. That implies some future higher price target right? Well here is my guess for a conservative price target based on the information above and also some more I probably forgot cos im a retard. + +&#x200B; + +[The difference is where share price looks to be and where market cap places us is due to difference in outstanding shares \(another reason shorts are fuk\)](https://preview.redd.it/dehiug393wb61.png?width=1552&format=png&auto=webp&s=f198773c36d5109382eb2beba6fade3c059121df) + +>The difference is where share price looks to be and where market cap places us is due to difference in outstanding shares (another reason shorts are fuk) + +This alone means if for not inflation adjusted terms we reached 9.8Bn or whatever the crayon chart says we should reach: + +9.8/2.48 = \~3.95 3.95 \* $35.5 = \~$140. The share price now to reach old mkt cap is $140 fucking dollars. Thats a 4 bagger from now. It gets better. + +from [statista](https://statista.com) : + +>Considering the **annual inflation rate in the United States** in recent years, a 2.24 percent **inflation rate** is a very moderate projection. + +If we take 2.24% inflation, the this share price target in todays money means we should reach $182 because of $140 \* 1.0224\^12, = $182 in adjusted. Thats more than a 5 bagger. basically we could see $10 GME price from short manipulation and buying more is basically a lottery ticket! + +I really dont understand the bear thesis. The only bear thesis ( short term this one) was that margin would affect longs more but I looked at it on ortex and its basically bullshit. Buy shares with cash though dont use margin. Own your piece of GME dont borrow it. Bears just spout "DigITaL" or "BlOCKbuSTER" so much Ryan tweeted a shit emoji at them. All the bears think theyre clever. What the fuck makes those guys special? How are they different now than the ones from $2, or $4, or $10. + +**Bears are betting against:** + +Ryan fucking cohen, buisness legend CHEWY from 100k investment, now 40 billion + +Michael burry, Investing legend, predicted the housing crisis and is in GME since april + +u/DeepFuckingValue , the new WSB god chad, now basically a whale + +Reggie Fils-Aimé, gaming and buisness legend, former COO of nintendo + +Senvest, a mega fund thats actively managed + +Norweigan sovereign wealth fund + +Fidelity, Vanguard and blackrock own this shit and are never selling they literally dont give a shit + +All of WSB has now formed a shield wall against the bears + +Microsoft gave GME highly discounted azure deals and free office use for all employees and a revenue sharing agreement. Bears are stupid if they think MSFT didnt vet GME. + +&#x200B; + +Some valid bear thesis left now (the only ones left) ----> Ryan Cohen dies. + +# 2. Now some analysis on the short squeeze and some technical data on puts and calls and ortex data. + +Ok everyone on here and their cat, dog, bedbugs and wifes boyfriend knows about the squeeze. Jimmy chill aka cramer even talking about it. Gamestop is literally the most shorted stock of all time and space. The squeeze makes every autist salivate because its basically free money while cucking big money out of like what 1% of their fund. + +Although I know all you cucks hate shares, and hate holding, if the squeeze doesnt happen selling is probably the most retarded thing anyone could do. Its literally buy high sell low and you fucking disgust me. STONK ONLY GOES UP. + +This squeeze is so monumental that its been sucking sharks in like fresh blood. Most of the funds where shorting this from 30-15 dollars before this year so they didnt really care. It all changed with 2 people. u/DeepFuckingValue and Dr. Michael Burry. These guys are as OG as it gets with GME. I think u/DeepFuckingValue may have even sniffed this trade out before the legend himself. Since then funds will have churned this through their rules and started jumping on this train. Ive been in since $13 with 125 shares. If I had more money Id be buying but im just some stupid student ok. Im merely a medium for this money made information. + +**The stats for this stock now short wise are, from ortex:** + +*Concrete* short interest as of 31 December 2020: **71 Million**. + +*Estimated* short interest, *January 11th data:* (This isnt predicted, this is from data in flow, has margin of error) : **77 Million** + +Short shares on loan 7 days ago: **50 Million** + +Short shares on loan *now* (This breaks the bearish margin calls affect longs more thesis): 54.2 Million + +% of known float short: **147%** as of 31 December 2020 + +% of know free float on loaned shorts: **108%** as of January 11th. + +Some [guy](https://www.reddit.com/r/wallstreetbets/comments/kyocql/updated_potential_holdings_of_gme/) on here took into account extra buying on wednesday, Institutions, Burry, RC's extra 7% and WSB ownership (something so stupendously retarded no serious firm will do it) that float on short could be in the 100s of %. Total short float now I would say could be **200-400%** if the numbers are correct. This pisses on all other short squeezes. Some countries ban shorting above 100% cos of how autistic it is. + +The recent hike in interactive brokers available shares is probably a mix of sell off on friday (remember some guys are now buying lambos with GME money. If they held they could buy 10), calls exercising and puts being covered and brokers ditching the shares. Nakedshort even reported 5 million naked GME shorts on friday. This is bullish as fuck because the best the shorts could do on a red market day was **-10%**. + +Gamestop is still on the SECs threshold list for 27 days now. + +[This shows naked short selling and downwards pressure hasnt capitulated](https://preview.redd.it/xsetax08pwb61.jpg?width=1083&format=pjpg&auto=webp&s=172439b81f509ba01ed3e6489671d6f009298e84) + +Need rockets 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀: + +Ok so now if WSB owns an estimated 6-8% of the stock and we all know to move over to cash accounts now to avoid margin calls, we should be minimizing longs getting margin called. Every bear on stockwits is a clueless cuck who spouts "blockbuster" and these guys dont even know what margin even is so my bet is the colossal **54 Million** shares short on loan are gonna be affected by the margin calls more. Why? Because every long on margin is in the green, and now a true zealot/extremist/autist for ryan cohen so will supply their account with collateral to avoid margin call. Shorts are in the massive red zone. How do I know you ask? + +Ortex data from Jan 4th 2021: + +[This is the data from ortex for short interest for Gamestop for Jan 4th](https://preview.redd.it/urqb3c3zbwb61.png?width=1152&format=png&auto=webp&s=d874cd908bad7fe3e8aa4486b5a294f5c1d5724e) + +So this shows for jan 4th the estimated short interest is 66.98 Million shares. From the exchange reported 71 Million on december 31st this makes a lot of sense because the share price fell from \~21 to \~17 so shorts took profits. The shares on loan arent for longs too. This is all purely short data, and 47M shorted at $17 this shows. + +These shorts are in a circle of hell we cant comprehend and makes satan scared. + +🚀 🚀 🚀 🚀 🚀 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Now for the data for this week: + +&#x200B; + +[Ortex short data for Jan 14th for Gamestop](https://preview.redd.it/5ryumpl1dwb61.png?width=1152&format=png&auto=webp&s=fb80c09e1be7b2f36f6d3745983cef4ce2b2df9b) + +SHARES ON LOAN HAVE GONE UP. BUT 87% OF LOANED SHORTS WHERE SHORTING AT SUB $20. + +Cost to borrow is also up, estimated short interest is up to a cataclysmic amount. + +Longs on margin need to supply collateral, but we are in the massive green zone, shorts are underwater. Margin calls will ravage the shorts and sting the longs. We also have the uptick rule in place until the end of the day, so shorts can only short on the way up. Im not saying itll happen but this shit is skewed in our favour big time. we need to 💎[🙌](https://emojipedia.org/raising-hands/)💎[🙌](https://emojipedia.org/raising-hands/)💎[🙌](https://emojipedia.org/raising-hands/)💎[🙌](https://emojipedia.org/raising-hands/)💎[🙌](https://emojipedia.org/raising-hands/)💎[🙌](https://emojipedia.org/raising-hands/)💎[🙌](https://emojipedia.org/raising-hands/)💎[🙌](https://emojipedia.org/raising-hands/). + +🚀 🚀 🚀 🚀 🚀 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**Seen a lot of talk about Gamma hedging and delta.** + +You realize that the fucking bankers and brokers dont understand gamma hedging right? That shits up their with the black-scholes equation and feynman-kac solution. Forget about it. The retards claiming to understand it are either payed by hedge funds or lose money. The guy who took out outs thinking options exercising and gamma hedging would lead to a collossal sell off on friday lost money on his puts because **no one** except some quants in a goldman sachs server room know this shit. The idea is simple about neutral delta on options that people take out, but the simple system interacts with every other thing in the stock market, and wow who couldve guessed it, like nearly any other element of the stock market predicting something by the day is nigh impossible. That guy talking about Gamma , Delta and margin calls is on weeklies. Hes no more autistic and equally retarded as all of us. Hes a chill guy though so dont berate a fellow brother. + +**Now weve established the likelihood of longs getting margin called is far smaller than shorts, on to the options distributions** + +**Two images now: Top one is before the end of the 15th, the other one is after market close:** + +&#x200B; + +[This shows the suspected melvin puts \(51000 contracts, 5 Million shares, rolled up from july, strike price $24\) and lots of big ITM calls.](https://preview.redd.it/t8odq9btgwb61.jpg?width=821&format=pjpg&auto=webp&s=61bb8a66e0ed83f0315921c295d1851a3c20c6c0) + +🚀 🚀 🚀 🚀 🚀 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +[This shows the big put contract didnt get rolled over and the big ITM calls got exercised on friday. Large puts are underwater big timem while calls are in the big tendy zone.](https://preview.redd.it/3nqb33f0hwb61.jpg?width=675&format=pjpg&auto=webp&s=9dc83f542dcc3565ae0424121146101b73cf0083) + +These two graphs, show before market close and after. As we can see the massiver 51000 put contracts didnt get rolled over and the chances that those were melvins july puts rolled up is very high. They expired worthless. Lots of calls are printing big time while huge amounts of puts are worthless and bleeding money. + +Something else we can extrapolate from the charts is that massive options trades are not present on the scale we saw before (tens of thousands). + +🚀 🚀 🚀 🚀 🚀 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +We are seeing a discrepancy in the number of puts/calls opening up at the higher prices with calls gaining fast. This could show that some funds are now becoming optimistic on the long or short term prospects of gamestop. There are also more puts than options and if we assume this for shorts vs longs on margin (without even taking into account that all shorts are borrowed shares and pay interest further bleeding cash) then shorts are likely on more margin than longs. + +Regardless fellow autists my main point is two show that the bears are underwater and the bulls are flying high with regards to options. + +**Now lets compare this possible squeeze with others.** + +Bear in mind this is the most shorted stock of all time, but differences in free float change the share price differently. + +Kodak went from **$2.16 to $33.2** + +Volkswagen went from **\~200 euro to nearly 1000.** + +Overstock went from **\~$21 to $123** + +Blue apron went from **$2.31 to $18** + +Ive been seeing some estimated that 1 million shares is roughly a dollars move in share price. This maths is about to be pretty autistic so bear with me degnerates. + +$1 now is 2.81% of the share price. Everything in the markets is exponential and based on percentages. So if we assume a full squeeze of ortexs estimated short interest (This assumes no sell off and no new shorts, new shorts can be positive or negative depedning on when in the squeeze they happen) **$35.5 \* 1.0281\^77 = $299.** GME to moon. 🌑 . + +This shit can happen. Hold on. + +**GME has squeezed and been manipulated before and it always happens around the console cycles. Shorts never win and they wont win now.** + +&#x200B; + +[This post right here I found months ago and got me in the squeeze from the honourable and valiant u\/Uberkikz aka Rod Alzman](https://preview.redd.it/4ysv7bzclwb61.png?width=1199&format=png&auto=webp&s=27ac6ac58b6366f81b53fa75966733b8a8d61d3c) + +Basically the crayon chart shows green (outstanding shares) orange ( short shares) purple (Market cap) and cyan (Share price). In 2006-2008 the share price rose in tandem with short interest ( Like now ) Until console releases when you can see an abrupt squeeze happend mooning the share price. + +This happend to a degree in 2013 with the xbox one but worse conditions for the company and a worse console launch lead to slow short covering but the share price still mooned. + +Now we get to the best part. History is repeating itself for the third time and the shares sold short are literally higher than the outstanding shares, which have been decreasing since 2010. Short shares are also at the highest point ever and GME hasnt had a brighter future, well ever. Ps5 and Xbox Series X. are the two most hyped consoles since the Ps2. This is setting up the foundations for massive price movements weve never seen before. This shit has literally never happend, ever. Uncharted waters and we are the captain. + +**For the insurmountably retarded autists who think that the squeeze has happend look upon this and despair:** + +[**https://www.reddit.com/r/wallstreetbets/comments/kwpf6k/gme\_gang\_there\_hasnt\_been\_a\_short\_squeeze\_yet/**](https://www.reddit.com/r/wallstreetbets/comments/kwpf6k/gme_gang_there_hasnt_been_a_short_squeeze_yet/) + +IHOR IS A MEGA WIZARD + +Ihor I quote: + +>**A long-buying tsunami ... is the primary factor for the price move** + +Ihor Dusaniwsky is managing director of predictive analytics at S3 a firm similar to ortex. He told bloomberg that the squeeze hasnt happend yet and that this was long buying. If someone knows this shit its him. He was talking about the tesla squeeze in january 2020. He has access to resources we can only imagine. Barrons cut his comment that the squeeze hasnt happend yet out it was that fucking bullish. All the media ramming down "Short squeeze has happend" down peoples throats because bears are fucking scared. + +The bots on stocktwits spamming bearish sentiment should show how rattled they are. + +Edit: **You fucking degens just enlightened me that cramer pump is real, funds are ruminating over the long weekend, and stmmy bills pumps stonks and that stimmy bill buys many an xbox. See you at andromeda! Also more rockets.** + +Edit\*\*: Some autists thought lottery ticket was misleading so instead, gauranteed lottery numbers!\*\* + +Edit 3: [RYAN FUCKING COHEN TWEETED](https://twitter.com/ryancohen/status/1350877969816956934?s=20) THE HOMIE JUST TWEETED. PEANUT EMOJI. HES 1) NUTTING 2) SAYING 35 IS PEANUTS 3) GIF SAYS THERES A CHANCE, SHORT SQUEEZE IMMENINT HOMIES + +Edit 4: [Amazing post here](https://www.reddit.com/r/wallstreetbets/comments/kzbzhe/gme_warning_bears_are_among_us_tuesday_is_bullish/) showing that unlucky prize guy was wrong like I said. Ihor also talked about the hypothecation agreement. + +Edit 5: This is true and I forgot to add + +>from u/[luncheonmeat79](https://www.reddit.com/user/luncheonmeat79) via [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets) sent 2 minutes ago +> +>There’s also the chance of a ratings upgrade. Moody’s and S&P have GME at B3 and B-, which is rated “highly speculative”. Ratings are reviewed every quarter, and a review might be due this month (i.e. this coming week or next). Good chance that the agencies might upgrade GME to a B2/B, or even better to the next higher band (Ba/BB). + +Edit 6: We are scraping 42 in frankfurt. Granted its low volumes but pre market should open at these prices I think? + +**Conclusion: Buy shares with cash not margin. Hold shares forever unless RC dies (Shame hes a cybernetic demigod), Melvin bad, Shorts fuk, 🐻 🌈 posting bearish shit are doing weeklies for the second time after they expired red on friday, GME to $200 without squeeze, Ryan cohen a god, GME is still a value play, Good luck have fun.** +Have been holding a position in BA for a while and the main direction has been down - mind you with the occasional up. + +It’s a bit of an awkward situation now and I am wondering if this can still be a turnaround once they’ve sorted out the 737, lawsuits and China sales. + +What are your thoughts? +As if ICO-mania wasn't crazy enough, today Vinny Lingham's Civic ICO is being released. For those not familiar with Vinny his claim to fame is being on the tv show Shark Tank. He also predicted a couple of Bitcoin's price increases last year so a lot of people follow him on Twitter. + +Why should you avoid this ICO? I've been following Vinny for over a year and he is a hardcore Bitcoin maximalist. He does not believe in or understand ETH. He is only doing this ICO on Ethereum because Rootstock is not ready yet. He believes Ethereum is pointless once Rootstock is out for Bitcoin. + +He is buddy buddy with Barry Silbert (ETC shill), WhalePanda, and other Bitcoin maximalists. + +[](https://twitter.com/VinnyLingham/status/874734381360959491) + +[](https://twitter.com/VinnyLingham/status/877303524178014209) + +Re-tweets + +[](https://twitter.com/bitcom21/status/875788691301556224) + +[](https://twitter.com/WhalePanda/status/877197868658040834) + +[](https://twitter.com/Cointelegraph/status/874984989628215297) + +Seriously, spend 10 minutes on his twitter and see for yourself. + +The fact that this man is about to make millions off of something he doesn't even believe in is sickening. There will be dozens of ICOs still to come that you can make money flipping. Don't give this man any of yours. +**\*\*\*\*\*\*\*\*\*\*I am not a financial advisor, this is not financial advice\*\*\*\*\*\*\*\*\*\*** + +Edit: forgot to mention that the exact same thing seems to be happening with AMC, which further makes me believe that this is orchestrated! + +# Introduction + +Apes, I've relapsed. Yup, I did it. I stayed away from it for so long, but I just couldn't kick the urge. Yes, I am doing another technical analysis on GME. I'm sorry, I'm an addict. + +https://preview.redd.it/xwqtkmohihy61.png?width=1328&format=png&auto=webp&s=5557040f9b7e2fda99e857c9d48cb094ce0db843 + +This was not meant to bash any TA people. I love your work and watch it daily. I am literally a technical trader as well. However, in my previous DDs, I've stated that I don't think TA applies to GME like it does other stocks because of how manipulated it is. As a technical trader, this hurt my soul and my penis. However, I think I worded it wrong. What I should've said was technical analysis alone should not be used on GME because it is manipulated (i.e. don't just trade on RSI, MACD, etc. consider other things). I believe that TA can be used to help emulate certain points. TA must always be taken with a grain of salt and I believe that it should be taken with approximately 7 (or 6.9) grains of salt with GME. This post will not be a general TA on GME because we all already know that most of the TA says it's ready for bull semen (bullish). Instead, this will be a TA on a very specific topic that goes along with my previous DD and helps us understand where we're at and where we're going: GME's consolidation triangles. + +The Bermuda triangle is a dark dangerous place. Many great men have died in it. It's dark and ominous. It gives no care to its victims, swallows them up, then looks for the next one. It's scary, violent......... and wet. It's engulfed more sailors than Moby Dick. Sometimes it has a strange odor. It's hairy in all the wrong places. I fucking hate it, it's a stupid, non-appreciative BITCH who constantly cheats on me, fucks the mailman, takes my money, and hogs her boyfriend all to herself so I don't get..... OH..... sorry about that apes...... it appears I've gotten ahead of myself and have gone on a rant. That was supposed to be a metaphor for the consolidation triangles that are currently cucking GME, but it turned into a metaphor about my wife and her vagina. OOPS. + +https://preview.redd.it/v9np7nnjihy61.png?width=512&format=png&auto=webp&s=fd6c69899689dd44c5c2ece2df479020861862e1 + +Ya know all those videos of Trump talking about politics at Mara-a-Lago weddings and everyone seems incredibly uncomfortable and it really feels like he crashed the wedding? That's me right now at this Chuck E. Cheese's telling all these soccer moms about how the stock market is built on rehypothecated shares which is why every time there's a liquidity crisis, it's 10x worse than it should be. + +Just wanted to give a quick shoutout to u/crikelz. This guy has literally been creating audio readings of my posts on his Soundcloud. I think that is awesome because I personally love watching YouTubers for DD at night when I don't feel like reading. I think that doing things like this is great because it makes our DDs more accessible on other mediums, which could help recruit more apes. + +This DD is going to discuss the triangles that keep forming for GME and will give some of my reasons as to why we are in this consolidation period and why it feels so weird. + +ENJOY. + +# GME Consolidation - Intro and Technicals + +GME is currently in a consolidation pattern. We all know this. A consolidation pattern is where the price remains relatively flat, stable, or nontrending on lower volume than when the stock is trending. + +https://preview.redd.it/bcgkk4plihy61.png?width=520&format=png&auto=webp&s=bc8cd1db144db423e64dc654882812c439b90957 + +As you can see, the stock stays within a certain range on lower volume then breaks out either up or down on higher volume. A consolidation pattern means either the market is unsure of where the stock will go or the market is intentionally staying away from the stock until something happens. Consolidation patterns usually break on catalysts because they create volume and give it a sentiment. Consolidation periods can break on technicals alone, but catalysts provide an easier and often stronger way for this to happen. + +**Indicators** + +Many people have been pointing out that GME's OBV is still through the roof despite the price being lower. When a stock is consolidating and OBV is going up, that is a sign that the stock will likely break out of the pattern on the upside because it means that positive volume is winning over negative volume in the consolidation period. Of course, a bad catalyst or influx of sell orders could completely reverse this. + +https://preview.redd.it/ghreh9moihy61.png?width=1076&format=png&auto=webp&s=7d6784f0e461d589c44aa7154c66256e434ef0d2 + +Above, I put the OBV on the day chart, which gives a picture of where we're at and the two charts below are the 30d and 90d charts just so you can see that GME's OBV isn't messed up or erroneously positive. These look much more normal considering the recent price action. However, when taken into context of GME's entire chart, OBV is still grossly positive even post-squeeze. So OBV is staying relatively flat during this consolidation but is still higher than the peak of the January squeeze? That's bullish. On top of this, we all know about the MACD, TTM Squeeze, RSI, etc. being set up to give us room for bullish runs. There's tons of information about that on this sub, so I won't add it here. + +https://preview.redd.it/8uceisjqihy61.png?width=844&format=png&auto=webp&s=4ee6706bc3a533fd61607a7cf41210e96a12e9e7 + +# "But Uncle Hank, Wen Stonk Brayk Cunsolidayshun?" + +The conclusion that you should arrive at from the above information is that 1. We are currently in a consolidation period, 2. Breakouts to the upside or downside happen when a consolidation is broken, and 3. The indicators suggest that we could be going to the upside. + +With that in mind, I'm going to discuss where I think we could be going based on these consolidation patterns. Most of you probably know that I made a DD where I laid out how the FTD Cycle, new rules changes, and OTC data explain everything about GME. I still stand by that theory and will be incorporating parts of it into this DD. That DD was "the why." This DD is "the how" as I will be looking at chart patterns to give us an indication of when we could breakout and a theory I have about why we are trading sideways for so long. + +The short answer to "when could we breakout?" is literally anytime. There could be a horny whale that comes in any time and breaks us out of this. Contrastingly, there could be an incel HF manager who breaks us out on the downward side (less likely IMO). Because of the sheer length of this consolidation pattern; however, I don't think either of those are likely. + +Ever since the end of the January squeeze, GME has consistently been forming triangles/wedges and has been breaking them on the upside; however, since after the big March 10th drop, GME has been forming triangles and, instead of breaking out on the up or down side, it slightly adjusts the pattern to allow it to continue consolidating. It seems that every time we hit the apex of the triangle, we go slightly above or below it but not so much that we break the pattern. Instead, we continue consolidating using new, but similar support and resistances from past levels. It is important to note that a consolidation period is broken when the price goes up and down rapidly in one direction. This is usually caused by a massive amount of volume. What has GME been missing these past few weeks? Massive price trends favoring one side and volume. Below, I have drawn some of the consolidation patterns, how they were broken and the new ones that formed. + +https://preview.redd.it/ggj5amxtihy61.png?width=1406&format=png&auto=webp&s=81855fb0c5fb048aba4d07de3ac75fa2a08ee484 + +Here are the triangles that we broke post-squeeze. As you can see, there's a consolidation on lower volume, and the trend is broken by high volume and a positive swing to the upside. + +https://preview.redd.it/dsl0eehvihy61.png?width=1368&format=png&auto=webp&s=57334d0c52c16c823cd2dadffbe154e73f974049 + +Here, we have the infamous "mother of all cup and handles." This pattern clearly formed; however, there was no massive volume spike nor massive price trend one way or another to confirm a breakout. Instead, it just consolidated and broke that trend. + +https://preview.redd.it/2xjpbc8xihy61.png?width=1990&format=png&auto=webp&s=2156e721cebeca40ab4a3c98cbd1e242f67a7e63 + +Here we had the triangle forming after that crazy March runup. You can argue that the price action was sufficient to have broken the trend. However, the volume clearly was not and the stock recovered the very next day and continued to consolidate. + +https://preview.redd.it/iwr2d1tyihy61.png?width=2048&format=png&auto=webp&s=8d72be210ea1e3d8d61df68e4f8aa28ee5138f14 + +Oh look another triangle being formed. Oh look another apex. Oh look it broke the pattern. Oh look volume was low. Oh look it kept consolidating. + +https://preview.redd.it/eeo3lz90jhy61.png?width=982&format=png&auto=webp&s=f7c0ca7cb5d5cd3c4dd779fc288b6a604f86bb79 + +After the May dump and earnings festivities, it seemed that we were again going into another triangle pattern. However, once it reached the apex, did it breakout? Nope, low volume, very minuscule price action. + +https://preview.redd.it/j014t684jhy61.png?width=1266&format=png&auto=webp&s=a08c2c3aad501b11e7efb7c11ad749004fc3b34a + +Here, we had the mother of all wedges. The mother of all wedges hit an apex in early May. Did it break the consolidation? No. There was no price or volume swing. Instead, it just continued consolidating in a new pattern. + +https://preview.redd.it/mo56v1b6jhy61.png?width=846&format=png&auto=webp&s=8dbd33a09b1beabd68d4d13fe5839013bbb9ae3b + +Next, the symmetrical triangle I kept seeing on this sub a week or so ago. It hit an apex and what did it do? It went down slightly but on absolutely no volume. Consolidation continues. + +I could plot a million more of these. The point is, GME keeps showing us consolidating patterns. Everytime you draw one and it nears the apex, it breaks the pattern but keeps consolidating because volume is low and price refuses to swing. You probably remember hearing on this sub "the apex is coming on X day" and nothing happening. Then someone else saying the same thing a week later. The people who have said these things are not wrong. They were right about the apexes happening; however, no breakout happened. + +So, what are the constants? GME is consolidating. It keeps forming triangles/wedges. Every time it hits the apex, it breaks the pattern and creates a new consolidation period. Volume keeps decreasing. OBV is staying neutral to positive. + +**So what does all this mean?** + +IMO there are a few possible meanings for where we are right now. I believe that someone is indeed forcing GME to trade this way. It could be either a whale who is trying to kick the can down the road while keeping the price up to maintain interest, it could be a HFT just trying to reap some quick profits (unlikely because of the low volume), or it could be a HF who is trying to kick the can down the road or is trading as a result of the FTD cycle. The low volume could be HFs suppressing volume through OTC trading (we have evidence of high OTC trading but no indication of what exactly is happening in it, so idk about this). + +The low volume is what stands out to me the most because it just doesn't make sense. Like I said, if boomers really thought this was 5x overvalued, they'd be shorting its tits off which would give it high volume to the negative side. Seriously, if you saw a stock that you thought was 5x overvalued, you'd be DUMPING shorts on it because free money, right? But contrastingly, apes and open-minded whales love it, so you'd still expect high volume on the buy side too. This makes me consider that the volume very well could be manipulated because, as I said, it just doesn't seem right for GME to be consistently trading at this disgustingly low volume. It also makes me think, however, that maybe all of Wallstreet knows about how bad this situation is already and is purposely trying to stay out of it. Finally, one last theory is that GME is almost impossible to borrow. I talked about the person who called Interactive Brokers last week and was told that GME's borrow rate is so low because it's extremely hard to borrow but there's no demand to borrow it. This, however, doesn't explain the lack of positive volume. It's hard to know which one of these is the case, but I will emphasize that it doesn't feel right to me in any way, shape, or form. + +https://preview.redd.it/dio1c1g8jhy61.png?width=1048&format=png&auto=webp&s=01d0f58b8e9a4f5c58ff859f0d84f76c7e11831e + +# Where we could be going + +As I told you before, GME is trading in a consolidation pattern. Every time it has the chance to break out of the pattern, it just keeps consolidating by forming a new pattern. This makes me believe that someone is orchestrating this on purpose (whether for good or for bad). + +There is a very real chance that this sideways trading and low volume continue for the next few weeks up until the annual meeting. That would look something like this: + +https://preview.redd.it/nutyk8pajhy61.png?width=1774&format=png&auto=webp&s=b883d86fafee9805a24c27a6f1cd01b4646074ea + +Note that the support could definitely fall to the $120 that we saw post earnings. I don't see a world where GME every goes below that point. This would form a wedge, which is still a consolidation. I would expect the annual meeting and earnings report to have some kind of bombshell but that's what I thought last time and it certainly didn't happen, so I'm not banking on it. + +Furthermore, there's a very real chance that we could trade sideways like this well into the summer. Many of you may remember that on my last DD, I discussed u/c-digs [DD](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) where he theorized that perhaps Wallstreet is trying to keep GME from mooning until all of these rules are passed so that their other assets are safe and they are not forced to pick up Citadel's shit. The OP said that the latest these rules could be passed is by the end of July (based on SEC reviewing dates). I'm going to go with mid-august just to be conservative. That would look something like this: + +https://preview.redd.it/qwagollcjhy61.png?width=2208&format=png&auto=webp&s=d3b6bf653e5d3f906c8c026579299cc69c8fbc83 + +Because this is such a bigger timeframe, it's much harder to accurately predict price movement, so this is just a rough sketch. If this were to happen, we'd keep forming triangles, keep breaking them, and keep consolidating. I also want to again point out that we could see it touch the $120 support again, which would create a wedge. Either way, it's still a consolidation. + +We could also see another jump due to the next FTD cycle happening, which is about 10 trading days away. The last one was not as high in price or volume as the others. Perhaps this was due to the consolidation pattern, perhaps it has to do with shorts running out of ammo, who knows. We could also see drops on May 14th and May 28th as these are settlement days where u/criand has noted in [his post that](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) the price tends to drop near the SI report dates (read that post if you haven't it's a masterpiece). + +https://preview.redd.it/vhwia9kfjhy61.png?width=2128&format=png&auto=webp&s=90434d096288c2eec28deb3851828219661bc3e4 + +Here is a bigger view with more FTD cycle dates (positive) and more settlement dates (negative). Those lines are extremely rough approximations. There are about two settlement dates per every 1 FTD cycle. I did not try to find the exact dates, so do not take this as fact, it's just an approximation: + +https://preview.redd.it/9qhvpychjhy61.png?width=2212&format=png&auto=webp&s=e901edea69a8164aee9c7c0ace73f91fff9352a4 + +REMEMBER, I could be completely wrong on all of these and at any time we could just hike up in price and volume (I hope that's the case). This is not what I think will happen. This is just an explanation of why it's happening and what it could look like if it continues. THIS IS NOT A PREDICTION BY ANY MEANS. + +**Reiterating that this is weird** + +Apes, it feels like something's coming and it's not my wife. The low volume but the relatively stable price makes no sense to me considering the context of GME. Whether a fund/institution is long or short, you'd expect wayyyyy more volume on one side or the other (if you're bullish on GME, you'd want to inject volume to start the squeeze. If you're bearish, you'd want to inject volume to get it going down rapidly, so you can profit). The low volume just doesn't make sense considering where the price is at and the context of the stock. + +We also haven't seen any news whatsoever lately, so perhaps we could get some soonish. Maybe that could serve as a catalyst (remember tho, GME reacts strangely to catalysts as I've long said). + +If in fact, a whale is waiting to pounce on GME (it is purposely sidelining itself), there is a chance that Citadel is bogged down so hard that they've given up at this point and the whale is just waiting for the rules to be implemented or for a newsworthy event to happen so they don't get charged with manipulation. Either way, I feel like something is coming, because this low volume yet relatively stable price makes absolutely no sense to me. On top of this, [u/infation](https://www.reddit.com/user/infation) recently pointed out in [this great DD](https://www.reddit.com/r/Superstonk/comments/n7c5ak/potential_evidence_shorts_are_fukt_and_have_not/) that GME orders are getting smaller and smaller (odd lots). Could this be an indication that shorts are running out of ammo? + +Perhaps HFs are indeed out of ammo. We are seeing smaller short attacks, lower volume, and smaller FTD cycle increases. Perhaps this indicates that they are truly out of ammo or have even been margin called already (remember Archegos got margin called a month before the crazy price action happened). Trade size getting smaller and smaller could be evidence. Either way, something does not make sense right now and something has to be coming (again not my wife). + +Moreover, IV is also disturbingly low. This means that options are getting cheaper and cheaper to buy. Could this be by design? Could someone be trying to consolidate price so options are cheaper and a gamma squeeze can happen easier for less? Perhaps but it's impossible to know. For reference, a normal IV is anywhere between 25%-60%, GME's was once at 600% and is now at about 130%, so it's still extremely high, but for GME, it's low. Remember, IV is the market's sentiment on where a stock may go (130% means a 130% change in either direction) based on options purchasing and some other factors. + +Additionally, the broader stock market seems drastically overheated. I've never been a 🌈🐻, but geez does it feel overbought to me right now. Below is a one-week chart of SPY. IMO, it has entered the danger zone (above the yellow line) and will correct soon. It is also overbought on the weekly chart for the first time since before Covid: + +https://preview.redd.it/2b6zyfbjjhy61.png?width=2218&format=png&auto=webp&s=1937485b44df6cf5cfa007993c22456b510ca320 + +The Market is priced like the recovery has already happened. This is propped up on loser regulations and lower interest rates, which will have to be tightened eventually! Remember, GME does the best during volatile market times (does GME create these volatile conditions or does it benefit from them? who knows!?). Are we gearing up for volatility because of this overbought market? I'm fairly certain of it. + +https://preview.redd.it/0j8gg1vkjhy61.png?width=1316&format=png&auto=webp&s=42dad879e2740b7e96722ee93006eeae22b7fe3f + +I used to trade NIO when it was in the 50-60s. I was shocked at how the stock would essentially do whatever SPX did but times 2. GME, on the other hand, will be down 8% for no reason or up 10% for no reason. Again, THIS IS NOT FUCKING NORMAL (see the section in my most recent post about FUD if you need Uncle Hank to head you a lullaby). NOTHING HAPPENING WITH GME IS FUCKING NORMAL RIGHT NOW. + +**DFV** + +Finally, apes, remember, DFV doubled down. The last time he did that was in mid-February during a consolidation. If you would've asked me, or most people, if they would've thought GME would go from $40-$350 in less than a month, I would've said you're crazy. However, I will never doubt DFV again. He has been on this for years now. He knows things we don't. He's in so deep. He could retire in luxury but is risking his entire net worth on a stock that has gone up and down by hundreds of percentage points in the past few months and is clearly being manipulated by powerful people who want to see it go down. Do you really think he's doing this just to "stick it to the man" or "make a statement?" FUCK NO. You don't do that with your net worth. What I'm just realizing about DFV is that this whole thing was never a gamble for him. He knew he made a good investment. Maybe he didn't know that the stock would squeeze up to $400+ but he sure as hell knew it was undervalued when he bought. He also knew it was undervalued at $40 in February, and he was correct. Considering how intelligent and thoughtful he is, I'd believe that he thinks 150ish was undervalued when he doubled down again because, again, you don't gamble with your entire net worth unless you are practically certain, and this main has been right too many times for me to doubt him this time. If DFV is in more than even and hodling more than ever, then I'll do the same because I REFUSE to doubt this man again. DFV, if by some miracle you're reading this, I love you in the most homosexual, non-platonic, disturbing, way possible. You can have my wife if you'd like. She's all yours. + +https://preview.redd.it/g2jq7gsmjhy61.png?width=1312&format=png&auto=webp&s=84d1fd645da13f5da0a57b2d986eec626256c653 + +**Conclusion** + +Per usual, stay strong, apes. + +**TL;DR** + +Since early March, GME has been in a consolidation pattern. Every time the consolidation reaches an apex, it doesn't start a new trend because volume is so low, it just starts another consolidation. This makes me think that someone (friend or foe) is purposely doing this. It could be a whale waiting for the new regulations, the annual meeting, or the perfect moment. It could be HF who is the victim of the FTD cycle. Either way, this low volume, makes zero sense to me! + +**\*\*\*\*\*\*\*\*\*\*I am not a financial advisor, this is not financial advice\*\*\*\*\*\*\*\*\*\*** +Black rock on CNBC ringing the alarm- too much liquidity in the market. “FEELS FROTHY.” + +Link below, just watched live.CNBC usually uploads these vids to YouTube later. + + + +Edit: From google- “Too much liquidity risks the creation of asset bubbles, like in housing before the financial crisis and farm land afterwards, and distorts financial markets. Throughout the world, ongoing central bank liquidity has bolstered financial assets rather than goods and services that produce growth in the real economy.” + + +HE ENDED SAYING “WITH SO MUCH LIQUIDITY IN THE MARKET TODAY, THERE IS LITERALLY NO VALUE IN THE MARKET TODAY.” - Rick Rieder, Chief Investment Officer of Blackrock (whom manages $9 trillion of assets worldwide and owns 13.2% of gme). + + +Edit: Actual quote: “The flood into high quality assets, because liquidity is so large, there is literally no value in the markets today.” + +🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: link - https://youtube.com/shorts/MeKMOrn7nEk?feature=share +I attempted to post this thread on PF, but it was removed, so I am reposting it here as I think that many readers here are affected. + +--- + +The US Congress passed H.R.6800, also known as the HEROES Act, on May 15, 2020, but it is currently being stalled by the Senate. This bill is very similar to the CARES Act, but it expands the pool of eligible recipients of a second round of stimulus payments (including full-time students under the age of 24 as dependents) and requires that private student loan lenders offer the same forgiveness and repayment terms as federal student loans. The bill also includes $200 billion budgeted for hazard pay for essential workers. + +Millions of Americans are still unemployed and may not be able to find work for awhile, especially given that COVID-19 cases are increasing in many areas of the country. The expanded unemployment benefits of $600/week are set to expire on July 31, 2020. This expanded benefit has been a lifeline for many people and losing it would be financially devastating. + +Please contact your US Senator and urge that to take action as soon as possible. Our government representatives need to prioritize helping Americans get through this pandemic and the resulting recession. + +https://www.senate.gov/general/contact_information/senators_cfm.cfm +EDIT: For everyone replying saying the exact same things, yes the source of funds is legitimate, i am 1000% sure of this - also idk why people think i sell counterfeit goods but i don’t ? + +EDIT 2: i finally got my money back after 3 days + +So last night I was sending money to people, and I got a text saying my account has been locked, so I called them as soon as I woke up and they told me they cannot unlock my online banking account, and that I need to go to the branch. + +I go to my nearest branch, which is closed and for some reason it is not listed on their website, so I go to my second nearest and they verify my ID and tell me I will get a call from the fraud team within an hour, and if not then to call the support number, so I go home. + +I wait 2 hours and no call, so I call them myself and they tell me to go in the branch and that they can't unlock it once again, I explain that I have already been to the branch and was told to call, and they keep going in circles, then threaten to terminate the call and refuse to connect me to the manager. I call again, and this time convince them to let me speak to the manager, who says the same exact thing - I don't have a license as I'm 16, and I could not pay for an Uber as my card was locked, so I had to get my parents to buy me an Uber. + +I go into the branch for the second time, and they call the fraud team for me and put me in a room with a phone for 2 hours, when I got sick of waiting I asked them when I would be connected and they told me that there wasn't anything to do, when I got annoyed and said I would file a complaint, suddenly the branch manager came and talked to the fraud team on Microsoft Teams which replied INSTANTLY and told me that I was money laundering / human trafficking ??? I explain everything to them and they unlocked my account but said I would be investigated by the government? + +I go home, and check my bank account, and it says my available balance is $0.00, so they took $10k of my money. I tried to call the fraud team, and got through after an hour just for them to hang up after saying hi, and then called again and got put on hold for 2 hours. I'm lost now, no idea what I can do, I've reported them to the AFCA so hopefully I can get something out of that. +# Due Diligence of Bitcoin Mining stock valuations: RIOT and MARA + +Unlike the 2017/18 rise of Bitcoin, the 2020/21 Bitcoin price action has been largely driven and influenced by institutional demand. + +With institutional demand comes institutional products. We have seen bitcoin derivatives, bitcoin trusts, and more recently a new way for exposure to bitcoin price action: publicly traded bitcoin mining companies. + +There are two bitcoin mining companies which I'd like to review for you here. Both trade on Nasdaq; they are [**RIOT**](https://www.tradingview.com/symbols/NASDAQ-RIOT/) and [**MARA**](https://www.tradingview.com/symbols/NASDAQ-MARA/). + +Lets begin with a quick summary on bitcoin mining. + +--- + +## **What is Bitcoin Mining?** + +To mine a new block on the bitcoin blockchain you must find a number called a [nonce](https://en.wikipedia.org/wiki/Bitcoin#Mining). The cryptographic combination of the nonce + next block content must be numerically smaller than the network's difficulty target (more on this below). Generating a new nonce is extremely computationally expensive. There is no shortcut, miners must try calculations over and over again until they brute force the correct result. They are trying to find the answer to a math problem; a nonce that hashes correctly with the [SHA-256](https://en.wikipedia.org/wiki/SHA-2) (cryptographical hashing function). + +The bitcoin network adjusts how many computations must be done on average to find a valid nonce every 2 weeks. This is called the [difficulty](https://www.blockchain.com/charts/difficulty). The aim is to have a new block mined approximately every 10 minutes. This means that if the mining power is doubled, the difficulty is made 2x harder. Double the energy for the same amount of bitcoin. + +We can see an estimate for the [total hash rate being applied to the bitcoin network today](https://www.blockchain.com/charts/hash-rate). Notice that it is about 150m TH/s right now (150 million trillion nonces tried every second). So for every block (every 10 minutes) 9*10^22 attempts are done (90 sextillion) until one lucky participant finds a valid nonce and can "mine" the next bitcoin block. In doing so they get rewarded 6.25 newly generated bitcoin + some bitcoin in transaction fees from users of the network. + +You can run code on your computer to try and find the next bitcoin block. In fact, this is how all bitcoin mining used to be done. However, these days you will end up spending more on electricity than you mine in bitcoin. This is because people have developed special ASIC chips designed specially for brute forcing the SHA-256 function. These chips are a factor of 100 times more efficient than your computer. + +--- + +## **Mining on an ASIC Bitcoin Miner** + +The biggest producer of ASIC Bitcoin Miners is a Chinese company called [Bitmain](https://en.wikipedia.org/wiki/Bitmain). They produce miners, run many of the miners, and even run many [mining pools](https://antpool.com/) where people can collectively search for the next block and split the profits. + +Bitcoin mining becomes incredibly profitable when there is a rapid price increase in bitcoin. This is because there is a lag while new bitcoin mining hardware is being built and deployed to capture excess profit. + +So lets take a look at how profitable it is to run an ASIC miner today. + +The [Antminer S19 Pro](https://shop.bitmain.com/product/detail?pid=00020201222165500548JAa69Gvu067A) is one of Bitmain's latest machines. It can run an impressive 110 TH/s and uses 3250W of power. On their website Bitmain is listing them at $3769 per machine but in bulk companies can buy them for as low as $2333 (notice they are sold out until at least August). + +So: + +* **$2333 machine cost** +* Using $0.08/kWh electricity costs ([benchmark for electricity cost in China](https://www.ovoenergy.com/guides/energy-guides/average-electricity-prices-kwh.html)) we get 3.25kW * $0.08 = $0.26 per hour in electricity costs. Assuming we run 24/7 this gives us $0.26 * 24 * 365 = **$2278 in electricity costs per year** +* And how many bitcoin will we mine? Well at 110 Th/s on an ASIC machine we are capturing 110/150,000,000 = 0.0000733% of the total bitcoin network per machine **at current total hash rate**. 52,560 bitcoin blocks mined per year; 6.25 bitcoin reward per block + ~1.25 bitcoin in transaction fees (avg right now) -> 7.5 bitcoin per block * 52,560 blocks -> 394.2k bitcoin per year for the entire network. 0.0000733% of this is **0.289 bitcoin per machine per year = $14,450 revenue (at $50k per bitcoin)** +* **$14,450 - $2278 = $12.2k profit per year** + +You can play with the parameters to figure out different profit levels. For example, **if the total hash rate doubled to 300m Th/s, profit per machine would drop to $5k per year.** + +Also note that transaction fees fluctuate over time depending on how many people are actually using bitcoin (sending and receiving transactions). See [historic transaction fees](https://www.blockchain.com/charts/transaction-fees). + +And how long can you run a machine for? + +Running so many calculations slows a machine quickly. Additionally, new faster hardware is introduced making past hardware unprofitable fairly quickly. **As a rule of thumb we can expect a machine to be profitable for about 2 years.** This is also the rate at which companies mark the depreciation of miners on their balance sheet. + +In Year 2 the machines become much less profitable than initially. + +There have been studies to see where bitcoin mining is occurring through IP address analysis of miners working in pools. The University of Cambridge has a [real-time map](https://cbeci.org/mining_map) in which we can see that in 2020 mining was: + +| Country | % Total Hash Rate | +|------------ |------------------- | +| China | 69% | +| Russia | 6% | +| US | 5% | +| Kazakhstan | 5% | +| Malaysia | 4% | +| Iran | 4% | + +--- + +## **RIOT and MARA** + +Now that we have a basic overview of how bitcoin mining works let's look our new investment phenomenon: publicly traded NASDAQ listed bitcoin mining companies. + +## **RIOT** + +Incorporated in July 2000, the company was renamed to Riot Blockchain in October 2017. The company now exclusively mines bitcoin and has a partnership with Coinmint LLC in New York who operate the miners. RIOT was a penny stock for most of its existence and was irrelevant until mid 2020. + +How many miners do they have? + +* Current status of pre-Dec 2020 orders: [11.5k miners in operation and 10k more to be delivered](https://www.riotblockchain.com/news-media/press-releases/detail/99/riot-blockchain-achieves-milestone-of-1-ehs-in-hash-rate) ([funded from $100m secondary offering in Oct 2020](https://www.sec.gov/Archives/edgar/data/1167419/000107997320000871/riot_s3.htm)) +* In December 2020 their stock price rocketed alongside bitcoin ($3->$15 in 1.5 months). They took advantage of this and ran a secondary offering [raising $200m](https://www.sec.gov/Archives/edgar/data/1167419/000107997320001054/riot_s3.htm). With this money [they ordered 15k more miners for $35m](https://www.sec.gov/Archives/edgar/data/1167419/000107997320001096/ex99x1.htm). Expected delivery starts in May 2021 with the bulk to be delivered in October 2021. + +**Summary: 37,640 machines at full deployment. 11.5k machines today and won't be running the rest until Q3/Q4.** + +So ignoring the cost of the machines: + +* Operational 11.5k machines at $12.2k profit per year per machine = $137m +* Full capacity (Q3/Q4) 37.6k machine at $12.2k profit per year per machine = $459m + +And assets + +* Maybe $150m in cash/btc left over from secondary offering and past assets + + +Note: They may get cheaper electricity costs through their partnership and claim as low as $0.014 per kwh in some releases. + + +## **MARA** + +Incorporated in 2010, the company has a wild history. It first engaged in the exploration and development of uranium and vanadium, then real estate in Southern California, and most recently patent trolling. The company has some questionable leadership and has also been a penny stock for most of its existence. In 2019 (I think?) the company began delving into bitcoin mining. + +In September 2019 they purchased 6k S9 Bitmain miners (13.5 TH/s) for $4m. Notice that at 13.5 TH/s: these machines are far from profitable today (I'm not even sure they were profitable back then!). + +So more recently they own: + +* Current status of pre-Dec 2020 orders: [6.5k miners in operation and 30k more to be delivered](https://www.marathonpg.com/news/press-releases/detail/1226/bitmain-ships-4000-antminer-s-19-pro-asic-miners-to) ([funded from $100m secondary offering in Aug 2020](https://www.sec.gov/Archives/edgar/data/1507605/000149315220014870/forms-3.htm)) +* In December 2020 ran another secondary offering after their stock price went from $2->$14 in a month. [They raised $200m](https://www.sec.gov/Archives/edgar/data/1507605/000149315220023410/forms-3.htm). With this money they ordered 70k more miners (delivery of 7k in July, 63k in December) for $168m +* In January 2021 they ran yet another secondary offering raising [$300m more](https://www.sec.gov/Archives/edgar/data/1507605/000149315221000864/forms-3asr.htm). They used $150m of this to buy 4.8k bitcoin at $31k per coin + +**Summary** + +* **Operational 6.5k miners = $79m per yr** +* **Full capacity (Dec 2021) 103k miners = $1.25bn per yr!** + +**They also made ~$90m on their bitcoin holdings so far ($150m -> ~$240m)** + +Impressive numbers right? Well.. + +--- + +## **Too good to be true?** + +So what are RIOT and MARA trading at you may ask? + +With the recent jump of bitcoin to $50k, RIOT and MARA have rocketed. + +* RIOT closed at $77.90 per share, **a market cap of $5.3bn** +* MARA closed at $47.90 per share, **a market cap of $4.5bn** + +Investor euphoria is at all time highs. So much so that their price action has rapidly [outpaced](https://i.imgur.com/VjQTaA3.png) and [diverged](https://i.imgur.com/wwzoTn6.png) from bitcoin. + +So is it because they have such huge potential? If RIOT gets all of its hardware delivered is it really going to be making $459m per year? And MARA $1.25bn per year!?! + +Well, probably not.. + +* As bitcoin price goes up, mining becomes VERY profitable and there is a rush to build and deploy more hardware. From Oct to Dec 2017 the price of bitcoin famously went from $4k to $20k. Total hash rate went up about 60% during this time. [However, it went up a massive 600% over the following 9 months as new miners were produced and deployed](https://www.blockchain.com/charts/difficulty) with a lag. +* As the price of bitcoin capped out and then dipped mining soon became unprofitable at such a high total hash rate and miners lost a lot of money. +* Both RIOT and MARA are pending receipt of the majority of their miners and won't be taking delivery until late 2021/early 2022. What will the network's total hash rate be by then? What will bitcoin price be by then? Chinese miners won't be sitting by idle. +* And we ignored the cost of the machines! In the future RIOT and MARA will need to buy new machines. Regardless of the market the old ASIC miners will quickly trend towards unprofitability. Bitcoin is closed system; There will only be a maximum of 328.5k + tx fees of bitcoin mined per year. In fact, this will reduce in 2024 with the next "halving". A company cannot reliably mine more bitcoin/capture more of the network because if they are finding it profitable to increase their hash rate then you can be certain every other miner is doing the same. How many $100m secondary offerings can they do for this free lunch? +* Take a look at the [past financials of these companies](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000107997320000948/riot10qq3-0920.htm). RIOT mined an "impressive" $2.4m worth of bitcoin in Q3 2020. Their costs were $1.3m in electricity/rent/etc. + $1.2m depreciation ($2.5m!). Once you add in their $2m of salaries and marketing they had an operating loss of -$2.1m for the quarter. Their bitcoin did appreciate by a cool $385k meaning their net loss for the quarter ended at -$1.7m. +* Of course their next quarter should look wildly better thanks to bitcoins Q4 2020 price action. But this is not a business that is massively profitable under normal market conditions. + + +The bull case: + +* Bitcoin keeps rocketing and never comes back. The total hash rate doesn't catch up and $50k btc becomes $1m btc. MARA's $1.25bn revenue next year becomes $12.5bn before ASIC miner production catches up. Investors doubled their money. + + +Of course, if it becomes so profitable one wonders if Bitmain decides it is better value to use the miner's themselves and breach their contract. + +--- + +## **Tobin's Q** + +Simply stated, when you invest in a RIOT or MARA you are investing in the profitability/unprofitability of bitcoin mining over the next 1-2 years. + +It could be hugely profitable, or it could crash and burn like it did in 2018 and you see no returns. + +In this instance, you are paying the executive team of MARA and RIOT to buy the hardware, plug it in, and sell any bitcoin for you. There isn't much more to it than that - you could buy the hardware yourself and run a few machines if you found a good electric company to partner with for cheap electricity. + +So perhaps a good way to see what kind of premium you are paying to own bitcoin miner exposure through these NASDAQ companies is the [Q Ratio](https://en.wikipedia.org/wiki/Tobin%27s_q). The Q ratio is the market cap of the company divided by the replacement costs of its assets. + +RIOT + +* Market Cap $5.3bn +* Current btc miners 11.5k ($27m) +* Ordered btc miners 26k ($60m) +* $150m cash remaining (guess) +* **A whopping Q ratio of 22.4! And 63% of that is cash, 25% in orders!** + +MARA + +* Market Cap $4.5bn +* Current btc miners 6.5k ($15m) +* Ordered btc miners 96.5k ($225m) +* $240m in bitcoin +* $100m cash remaining (guess) +* **A "value" Q ratio of 7.75!** + +With this approach, RIOT is trading at a 22.4x premium today and MARA a 7.75x. + +A criticism of this valuation methodology may be that it is justified paying a premium when orders for new hardware are so backlogged. Just remember that these companies are also stuck in that backlog and won't have most of their machines online until 2022. Is it really worth such a premium? + +--- + +## **Other factors to consider** + +These companies have questionable management. **The CEO of MARA has awarded himself [compensation in excess of $300m](https://www.sec.gov/Archives/edgar/data/1507605/000149315221000469/form8-k.htm) over the last few months. Realise that the market cap of MARA was less than $300m just 3 months ago.** + +Both companies are quick to do secondary offering after secondary offering at such high prices. MARA has been more aggressive recently and the downward pressure of insider selling and secondary share offerings has resulted in the price moving from $20->$48 in the time RIOT has gone from $20->$77. + +A read through both of their 10-Qs will give you paragraphs of legal claims, shareholder class actions, and past investment write-offs due to corruption/shady circumstances. + +These companies have no moat. They have no IP. They have no key talent hires. They are simply ordering ASIC miners, plugging them in, and having the biggest pay-days of their lives. + +--- + +## **Trading strategies** + +So is there a trading strategy I would recommend? + +### **Bear** + +**The challenge with being a bear in this market is you have to seriously consider whether the risk/reward is there for betting on the downside.** + +Right now the market doesn't care for your fundamentals. Bitcoin has passed $50k, the narrative is that its going to $100k. The market expects these stocks to continue to trade at multiples and be 10x higher in a month. + +It sounds ridiculous but it keeps happening. It is far too dangerous to be short these stocks. Or worse, short calls and you could be bankrupt on 1 intra-day move. + +So that leaves you with puts. Average implied vol nearing 300% does not make them cheap. + +If you truly have conviction that there will be a correction in the near term then consider weekly bear spreads. + +Longer DTE plays are insanely expensive and run the risk of the many secondary offerings eventually justifying a price higher than your price target. + +Another interesting idea would be a relative trade. If you could find exposure to bitcoin mining at <20x premium your long run earnings could net out. However, all publicly traded companies are similarly ludicrous so you'd have to buy a stake in btc mining privately or try and own some ASIC miners yourself. + +More simply you could go long bitcoin and short RIOT/MARA. This should converge in the long run. The risk is that short term the short position will be impossible to risk manage and there is always the risk of more secondary offerings. + + +### **Bull** + +Buy as far OTM weekly calls as you can at 400% IV and hope that momentum market continues. Fundamentals are for the 2010s. + +--- + +### **Other** + +Both RIOT and MARA's stock price spent some time consolidating down from ~28 to the 16-22 range when bitcoin corrected back from its initial $45k run up back to to $30k. + +It is possible they will again if bitcoin has a pullback. However, the price action of these stocks has diverged even from bitcoin for the time being. + +Ultimately the price action we are seeing now is purely momentum/hype/technical and probably retail driven. Long term and as far as future earnings go this play is a loser. But be careful; that doesn't seem to matter right now. + +--- + +*Disclaimer: This is not financial advice; do your own DD and trade at your own risk. Positions: I hold 1 60/50 put debit spread for Feb 26th for each company.* + +--- + +**TLDR; Bitcoin mining stock valuations are about as crazy as the valuations of all growth stocks in this market. Fuelled by retail demand of people who don't know what a blockchain is but their crypto-millionaire friend told them its revolutionary. "The greater fool" investing 101.** +**UPDATE BELOW** + +Hey guys, I just gave a short description of me. I am working remotely bringing in 3600 a month after all taxes are taken out. I am living home since I have no reason to leave. However, I have a lot of questions. + +1. I really want a sports car. Like, a camero, charger, challenger in the 20k range. I already have a SUV with 98k miles, but is this a smart decision? +2. This apartments I am looking at range (with parking included) are 2200 a month (Has literally all the bells and whistles and is so perfect, hence the price. Has a Jacuzzi and standing shower, walk in closet which has so much space that I don't even have enough clothes to fit the bottom shelf let alone the other 3 rows above, movie threate in-doors, etc. etc) or should I go with the 1500 a month that is still really nice, but once again, doesn't have all the shiny bells and whistles. + +My main question is what should I be saving. I know what the smart answers are, and even now, Im saying to myself "Lol, dont get a sports car, save in case your car breaks down and get a reliable, fuel efficient Honda/Toyota(Which, the Accords are pretty badass) + + +But, can I splurge on an apartment and pay 700$ a month more for the luxury? What are some random expenses that come up or is it just plain dumb? I plan on living home for another 6 months or whenever COVID is up so I keep on saving, but when can/should I spend it on something big for myself? Cheers + +Edit* THANK YOU FOR THE ADVICE AND GROUNDING ME! + +**UPDATE** + +Wow. I am very lucky to have found this subreddit. + +1. I watched Graham Stephans video of Roth IRA vs 401k. I am investing in both now. (Going to max the Roth IRA) +2. Sports car = out of my head! The adrenaline rush is out of my head. I bought my car for 14k and paid it off in 1 year. I am running it in the ground and then buying a car in the same range when it dies (A reliable car that will last me longer, not a sports car) +3. I am still going to keep 5k in an emergency fund. +4. Luxury apartment = stupid. After doing research, a mortage for a 400k house is 2k a month... What? Haha +5. I am reading every single comment and writing notes - What is the most popular comments/articles & books to read etc. + +Thank you all so very much. I wish I could personally thank you all for the sound advice you have given me. My head is grounded, my emotions are under control with the hype of looking at these (moneypit) cars and how having a nice apartment means nothing when I cant go out with my friends to the bars! I cant express how much my mind has changed and it is really crazy. Thank you all once again :) +Bitcoin and other cryptocurrencies "will come to a bad ending," billionaire investor Warren Buffett told CNBC on Wednesday. https://www.cnbc.com/2018/01/10/buffett-says-cyrptocurrencies-will-almost-certainly-end-badly.html +Just purchased my first property for $87,250 cash, already have a tenant lined up for $1.1k a month! This is all new to me but I am excited for this journey. Thinking of possibly doing a cash out refinance in a year or so to get my next deal! + +SFH 3 bed 1 bath, newly renovated located in mid west. + +Only investments I think I'll need to do before I rent it is trim a tree out back and a small roof repair where there seems to be some water coming in by the chimney. +Is anyone here keeping an eye on Wetherspoons? + +I started buying into Wetherspoons late last year as I couldnt see a world where Wetherspoons wouldnt exist. They appeared to be a relatively safe bet at an attractive price, discounted heavily from pre-covid prices. At first my gamble paid off and the price started to climb as lockdown restrictions started to lift but then they starting to slump and I took advantage of that and continued to buy into them. I'm now in a position where it takes up nearly a quarter of my entire portfolio and I'm at a 18% loss at todays price as it continues to dive. My sentiment hasnt changed, I still think Wetherspoons has a good business model, but I'm starting to worry that I might be missing something. + +I want to keep buying whilst it's so cheap, but I'm really worried about how much room it's taking in my portfolio. My other companies are currently carrying the loss I'm making with Wetherspoons but that will change pretty soon if it continues. + +What are your thoughts? + +&#x200B; + +EDIT: changed my position size to 25% +I work with a few universities - large popular ones for international students - Leeds, Bristol, Loughborough. Something I have heard from all three in recent weeks is that international enrollment for 2021/22 is way down. + +2020/21 was a quiet year : 30% enrollment compared to usual. I thought we would see a bounce given our improving situation but numbers are even worse than last year - possibly as bad as 15% normal numbers. + +It's relevant because apart from the universities themselves there are businesses which depend on wealthy foreign students: DIGS comes to mind which is a REIT for posh student accomodation. Any others? + +This doesn't seem to be general public knowledge yet so I thought I would share. +Is anyone here keeping an eye on Wetherspoons? + +I started buying into Wetherspoons late last year as I couldnt see a world where Wetherspoons wouldnt exist. They appeared to be a relatively safe bet at an attractive price, discounted heavily from pre-covid prices. At first my gamble paid off and the price started to climb as lockdown restrictions started to lift but then they starting to slump and I took advantage of that and continued to buy into them. I'm now in a position where it takes up nearly a quarter of my entire portfolio and I'm at a 18% loss at todays price as it continues to dive. My sentiment hasnt changed, I still think Wetherspoons has a good business model, but I'm starting to worry that I might be missing something. + +I want to keep buying whilst it's so cheap, but I'm really worried about how much room it's taking in my portfolio. My other companies are currently carrying the loss I'm making with Wetherspoons but that will change pretty soon if it continues. + +What are your thoughts? + +&#x200B; + +EDIT: changed my position size to 25% +I’ve worked in several factories over the past 5 years. At each one of these, entry positions start at $15/hour and top out around $23/hour. At every single one of these factories we are desperate to find workers that will show up on time, work full time and try their best to do their job. I live in LCOL middle America. Within my town of 5,000 people there are 4 factories that are always hiring. Please, if you want to work, consider factory work. It is the fastest path I know of to a middle class life. If you have any questions about what the work is like or what opportunities in general are available, please feel free to ask. +She said "you should always prioritize saving for retirement. Because anything else you save money for- a car, a house, an education- you can borrow money to get. But you cannot borrow money to retire" + +Not sure why I had never thought about it but its a really good point +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +There’s a lot of people reaching out to GameStop customer support just to get a reaction from them. GameStop customer support should solely be used for inquires for legitimate concerns regarding an order or question. + +I know it’s fun to see what they’ll reply back, but cmon guys let them work on stuff that’s relevant to what they’re doing. +I'm a 17 year old dude going into my freshman year of college next year. I've worked both in econometrics research and, to some extent, with machine learning. I initially thought I was just going to major in econ, but a double major in compsci is looking more and more intriguing. Here's my question: how fast is AI being integrated into econometrics/econ? Is doing so a bit of a dead end? Will AI take over the field at some point? + +From what I've read, the only roadblock to fusing AI and econ is incorporating causal inference into more prediction-focused AI (the economist Susan Athey seems to be the biggest proponent of this idea). What interests me more, though, and what I maybe want to pursue a PhD in, is using deep reinforcement learning to optimize policy outcomes. The basic idea is similar to what OpenAI has done to beat competitive Chess players; by viewing the economy as a game, we can run that game over and over again and eventually learn what policies lead to the best outcomes (eg: ideal tax rates). Here's a Harvard/Salesforce paper that recently did this: [https://ui.adsabs.harvard.edu/abs/2020arXiv200413332Z/abstract](https://ui.adsabs.harvard.edu/abs/2020arXiv200413332Z/abstract). Those optimization algorithms seem extremely oversimplified and not grounded in reality, though. +Hey all, + +2 months ago I made a terminal that I had been working on my spare time, to help me on my stock research, open-source. See https://dro-lopes.medium.com/gamestonk-terminal-the-next-best-thing-after-bloomberg-terminal-a263c001a61f + +**The motto:** +Gamestonk Terminal provides a modern Python-based integrated environment for investment research, that allows the average joe retail trader to leverage state-of-the-art Data Science and Machine Learning technologies. As a modern Python-based environment, Gamestonk Terminal opens access to numerous Python data libraries in Data Science (Pandas, Numpy, Scipy, Jupyter), Machine Learning (Pytorch, Tensorflow, Sklearn, Flair), and Data Acquisition (Beautiful Soup, and numerous third-party APIs). + +As of today, and thanks to all your help and the traction created around it, the terminal is looking better than ever. Now it's no longer only me taking care of the repo, but also 2 other experienced devs (thanks u/hbar340), who are adding features on a daily basis and increasing the robustness of the codebase. Feel free to wander through the FEATURES page to see what you would get out of this tool! + +If some of you thought it was amazing 2 months ago, you won't believe what it looks like now. You can check out the ROADMAP for all the features that have been added since, but let me list some of them: + +* **New** Screener for stocks, which allows users to save their presets and share them +* **New** Options menu +* **New** Comparison Analysis to compare several tickers in their historical price, sentiment, or fundamental analysis +* **New** Portfolio Optimisation that assigns stocks weights based on risk level specified by the user +* **New** Exploratory Data Analysis menu that looks at historical data from a statistic point of view +* **New** Residual Analysis after using a statistical model for prediction +* **New** menu to provide access to your portfolio (supports Robinhood, Ally invest, Alpaca, and Degiro) +* **New** Cryptocurrency, Forex, and FRED menus +* Prediction with backtesting +* Technical analysis that includes a score and a summary +* Due Diligence menu with data from Dark Pools, and also Failure to Deliver +* Sentiment analysis from news provided from collaboration with a company that provides this feature paid. Free for us! + +As always feedback is appreciated, and contributions even more so! + +Let’s try to reduce the gap between the amount of information that the Hedge Funds have access to in comparison with the usual retail trader. + +Bloomberg Terminal, we’re coming for you. + +Feel free to join our discord at [https://discord.gg/Up2QGbMKHY](https://discord.gg/Up2QGbMKHY). +Look I understand giving ideas to a company you love. I understand you probably think the introduction of your favorite sock puppets to Gamestop will soar their revenue next quarter. I've been noticing a trend around here lately it looks something like this: + + +Superstonk Fan: Gamestop you should really branch out into catheters! My grandpa needs one all the time it could be an amazing business addition! + + +Gamestop Representative: Uuhh yeah great idea, we will absolutely make sure that gets to the right department! + + +Superstonk Fan: *posts Instagram screenshot to r/superstonk* Look everyone Gamestop said they're going to sell Catheters soon!! I love this company! + +The comments then proceed to just be an echo chamber of false expectations for Gamestop to branch into some weird niche sector. You're raising expectations and hopes for the purpose of what? Karma farming? Make your suggestions, and keep them between you and the company. If you made the suggestion for the good of the company there is no need to flaunt their response as some sort of **BIG WIN** for GME shareholders. + + +**EDIT:** Just wanted to add a note after the fact since this gained some traction. I love Gamestop, I love the journey they are taking us on, and I love the GME shareholders. This company has single handedly changed my life forever and I sincerely want the same for every single one of you. This is not a FUD attempt merely a gauging of sentiment towards a particular trend arising. Thank you, Buy some more GME today yeah? + +**EDIT 2:** Alright to those who felt personally attacked by this post, sorry but it had to be said. I am done responding for now, boss will probably notice I'm not working soon. Need elaboration? Check the comment section. 🚀🚀🚀🚀 + +**FINAL EDIT:** Just got off work, what a fun day talking to you all. I appreciate the corroborating opinions, as well as the dissenting ones. If you feel my open conversation on an arising trend within the community was FUD or in any way malicious, I assure you that was not the intent. I'm happy for those who picked up on the hyperbole to add levity to the situation, and enjoyed the jokes. My post was not about cutting communication with Gamestop, rather the abuse of a dedicated sub to proctor small village sized echo chambers of support to a single business proposition and have it broadcasted to half a million users on slow news days. A 2k upvoted business idea about gamestop pizza is not a generally accepted idea from the sub just because the sub was slow when it gets pushed up. Have a good weekend everyone, next week should be fun! +This is not financial advice - I am the biggest fool I know. Reminder - DRS your shares. + +**TLDR;** SEC is trying to hoodwink us with rule 7.13 - which allows for halting of NYSE trading while dark pool trading continues. While I believe shorts can’t fully cover in the dark pools they could drop the price and induce panic or trigger stops. It’s cut and dry manipulation designed to f*ck retail. + +This is a threat to not just GME but to all stocks on the NYSE. + +Credit to the rest of this post goes to /u/Deep_Fun_8220 for getting this to the top of “that other sub”. + +—— + +We must be very annoyed, right now, and take reasonable and legal and responsible actions ASAP regarding SEC rule 7.13 +THIS IS A SERIOUS ISSUE FOR EVERYONE RIGHT NOW WITH ANY INVESTMENTS VIA NYSE + +https://www.nyse.com/publicdocs/nyse/markets/nyse/rule-filings/sec-approvals/2021/(SR-NYSE-2021-60)%2034-93309.pdf + +Other apes have posted, and it seems to be lacking traction, this is not OK. + +Everyone find some time next week to file a comment with the SEC, I might write my senator, this rule cannot be allowed to stand regardless of "meme stocks" + +Simply the possibility of suspending activities by the chair, just the fact that it is suddenly possible on a new/changed level, inherently changes the value of EVERY FUTURES CONTRACT WRITTEN + +Time in the future has been priced and bought/sold and you just cannot change the variables. If such a rule really is necessary (I do not believe the proposed rule is ethical on any level) -- but if you'd like to introduce a rule that makes it possible to make time disappear, time that cannot be recreated in any way, you can only do that BEFORE THE CONTRACTS ARE WRITTEN - THIS IS VERY LITERALLY A RULE THAT ALLOWS THEFT +Now, you can argue that if the rule is proposed and goes into effect beyond all/almost all futures contracts, that might be fine. But this is theft. If you had any action on volatility (I do not as of writing) this rule would effectively neuter your profit expectations. +Gash dang it, is one of us a lawyer? Can we get an injunction? I probably used the wrong word there, I know nothing of the legal arts + +We gotta complain as hard as we DRS. +So a bunch of huge investment firms have been going crazy on real estate recently, buying up 1000s of properties. It's not just happening in the US, same thing in Canada and Europe as well. Here are some articles about it. + +[https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801](https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801) + +[https://www.foxnews.com/media/blackrock-investment-firms-killing-dream-home-ownership](https://www.foxnews.com/media/blackrock-investment-firms-killing-dream-home-ownership) + +[https://thefederalist.com/2021/06/11/what-happens-when-hedge-funds-buy-up-neighborhoods/](https://thefederalist.com/2021/06/11/what-happens-when-hedge-funds-buy-up-neighborhoods/) + +[https://www.dw.com/en/house-prices-wall-of-money-hits-european-real-estate/a-57765308](https://www.dw.com/en/house-prices-wall-of-money-hits-european-real-estate/a-57765308) + +[https://coredevelopment.ca/avanew/single-family-rental](https://coredevelopment.ca/avanew/single-family-rental) + +What do you think the reason behind this is? Should people trying to FATFIRE lean more into real estate? I think they expect a large increase in property values if they are comfortable paying above asking. +When I was in college, "not being broke" was a good enough reason to keep me working late at night, and propel me out of bed in the morning. + +Now that I've got a healthy nest egg saved up, I'm having a hard time finding something to "drive" me to the level that money used to? + +Am I the only one feeling this? +Either I'm missing a key point or it's really as simple as "exchanges want to make money on gamblers". + +I just feel like there's no situation where even a 50x position wouldn't get eaten by market noise. +And if you just stock up on collateral for protection, isn't that really just reducing leverage? + +I mean, sure, I can trade 1% of my budget at 100x, but what's the actual benefit of being able to doing this? +I currently work at a proprietary trading firm(< 3 months). In my time, I have focused a lot on learning the greeks, various spreads(vertical, time, interest, etc.), and pricing. I am constantly looking for things to learn, but am not sure what types of things I should be reading to be successful as an options trader(market maker). What are the general and specific areas of topics I should be focusing on in these early stages, and what is the general progression of the types of things traders learn as they go from beginner to advanced? + +Everyone around me mentions that mock trading is important, but I am unsure how to even learn more about this or practice it. Additionally, I am not convinced of its applicability to actual trading(which I believe requires more skills related to risk management, greek knowledge, and position management). + +Any advice regarding books, topics, studying tips, etc. would be really appreciated. I want to accelerate my learning, but I want to make sure I do in the right way, learning the applicable skills and concepts. +EverRise $RISE - Just listed on CMC - 5 days old - 35K holders - 26K on Telegram - The original & first ever BuyBack based Token + +Is Everrise the new Safemoon? Introducing unique tokenomics: Automatic BuyBack function. + +The same way SafeMoon paved the way for thousands of other coins to introduce the redistribution to holders, we are the first to introduce this BuyBack feature. + +EverRise token holders are not only benefited through static rewards but also by the BuyBack process of the contract. + +In the EverRise protocol, a 6% transaction fee is stored in the contract and used to buy back coins from the market automatically through Pancake Swap and then burned. This immediately increases the value of the circulating supply. The transaction is triggered after ever sell. With this brilliant coding, 98% of the time you will not see 2 sells in a row! + +The Buy-Back feature is always on, but it can be increased to face bad market conditions. Currently the Contract (which we call The Whale) has accumulated more than 4,000 BNB extra from the BuyBack tax that can be used to protect the investors in the future. + +✅ ACHIEVEMENTS ✅ + +- Just listed on CMC +- 4K BNB Presale sold out in 10 seconds +- 35K Holders +- 26K Members on Telegram +- $20m Market Cap +- Listed on CG 2 hours after launch +- Listed in 2 Exchanges: LBANK & ZT Global +- Code audited by Techrate +- CertiK audit coming soon + +📄 TOKENOMICS 📄 + +- 6% Buyback Tax +- 3% Marketing +- 2% Distributed to Holders + +🌐 Website: www.everrisecoin.com +🐤 Twitter: twitter.com/EverRiseToken +📢 Telegram: t.me/everriseofficial +📮 Reddit: www.reddit.com/r/EverRise/ +🖥 Discord: https://discord.gg/uQd4D66W3W +📄 Whitepaper: https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf +2 months ago, I finished saving up my travel fund for a total of $10,000. It's for my solo trip to Mongolia and Japan next year. + +However, I'm having a dilemma if I should hold that trip for a moment and invest this instead while waiting for the market to recover and pursue the trip again. One of my thoughts is that investing in this won't be a life-changing result in the short term and so using this is still an investment of my memories. + +Anyone had this situation before, what did you do? +Really tired and not sleeping well when holding those individual stock especially growth stock 😭 + +Edited: +Thank you the feedback from this community and you guys are awesome! + +I am holding +- TQQQ 60% +- AFRM 17% +- GOOG 9% +- AMAZ 9% +- ABNB 5% + +The whole portfolio is down by 60% now, I am really tired and frustrated, wanna switch to 100% VOO. My horizon for this portfolio is about 3-5 years. + +Appreciate for any thoughts 🙏🏻 +[Microsoft wins U.S. Army contract for augmented-reality headsets, worth up to $21.9 billion over 10 years](https://www.cnbc.com/2021/03/31/microsoft-wins-contract-to-make-modified-hololens-for-us-army.html) + +News broke maybe 4 hours ago. MSFT shot up 1% on that news, up more than 2% on the day. + +Some highlights from the CNBC article: + +>"Microsoft will deliver to the U.S. Army over 120,000 devices based on its HoloLens augmented-reality headset." +"The standard-issue HoloLens, which costs $3,500, enables people to see holograms overlaid over their actual environments and interact using hand and voice gestures." +"A group of employees called on Microsoft to cancel the HoloLens contract. “We did not sign up to develop weapons, and we demand a say in how our work is used,” the employees wrote in an open letter regarding the HoloLens contract." + +Thoughts on this news? What do you guys think about some employees opposing the decision? All I know is Microsoft is a monster of a company. Just another reason to continue holding I guess +Hi guys, a mate of mine recently lost his job and I managed to find some really good advice from AusFinance on what his next steps should be in terms of getting back on track financially. I thought you guys might be able to help me with some other stuff though: + +Do you have any tips about where to park the car that you sleep in at night? +Do you think gym memberships are worth it for the showers or are beach showers fine at this time of year? +What free food charities should I research (especially around Melbourne)? + +Thanks in advance! +In 1968 there was a massive global pandemic that killed 2 to 4 million. This is a higher death toll than Covid despite a smaller global population (obviously Covid isn't over yet and the figure of 1.2 million will sadly grow but even so it is likely the death toll will remain comparable to 1968, and when adjusted for population growth the deaths per 100,000 people will remain lower). + +Also in the US there was massive social unrest. Following the shooting of Martin Luther King, many US cities burned during the massive riots and unrest. Obviously this didn't happen in the rest of the planet, but there was not a recession in either the US or the rest of the world. + +This may remind you of 2020, in that there was a pandemic in the world and unrest in the US that resulted in cities being burned. You could argue that both were worse in 1968 than in 2020. + +Yet in 2020 there was a massive recession that left millions out of work both in the US and worldwide. In 1968 this didn't happen in fact the US economy grew by 4.8%, which is higher than any year in the 21st century. In 1969 the US reached it's lowest unemployment ever, whereas the opposite happened during 2020. + +Why wasn't 1968 a recession for the US or the world despite a global pandemic and American cities burning? And why was there one in 2020? +Was reading about the economic history of Argentina, and I came across a very interesting quote by Nobel winning economist Simon Kuznet. Kuznet mentioned there were **"four types of countries: developed, underdeveloped, Japan, and Argentina."** + +Could anyone lead me to a proper source where he said so and explain the timeline where he said so? Highly interested in their economic history, approach the 2 countries had in development, and the progress of their development. My thoughts are that these are point of views from before the 1970s, where other East Asian miracle economies was yet to emerge. Therefore, Kuznet classified Japan as a type of country on its own, in terms of development. +Hello, I’m a beginner to algotrading and I have a general plan for how I’m going to get into algotrading and wondering if this is a good way of starting out. + +I know how to program, but I’m a statistics major so I’m playing to my strengths by starting off with reading and learning some math. I’m planning on looking at the book “Statistics and Data Analysis for Financial Engineering” by Ruppert to understand how to work with financial data. Then I will try to start off with building some trading strategies using time series approaches, and since I’ve read introduction to statistical learning, using some of those approaches as well. + +I figured if I can attack algotrading from a time series approach, it’s a good start to coming up with strategies. I don’t imagine arima models to do well, but it’s a step in some direction. I also will read some of a Bayesian stats book to get some ideas there as well. + +Does this seem like a good start? +I'm so sick of people telling me to not only want to go into IT for the money, and instead choose something I like to do. Since covid, finding a job that I am passionate about has become very difficult. I feel like it shouldn't be looked down upon, pursuing a career just for the money it brings, because some people just want financial freedom more than anything and that's ok to want. + +Am I thinking too much and change my job or should I stay worth my current job? + +If you could get your dream job with an ideal salary, What would it be? +Hello! + +I am writing some (perhaps uncalled for) advise to all the lurkers and members of this sub. + +The index has hit a circuit for the first time in 12 years, Twitter and Facebook investor groups are spreading the usual Warren Buffett and Peter Lynch quotes and nearly everyones portfolio is in the red. AMFI has Sachin Tendulkar coming in to proclaim "Mutual Fund Sahi Hai". + +In reality, 2018 and 2019 have not given the best returns to anyone. We had some hope from September till February, but things are bleak now. We have a major bank failure, business shutting down and markets are in some sort of free fall. + +I have some 14 year experience trading markets. I have seen and survived 2008 and have made some decent money till date. + +Here are my recommendations in navigating the market and savings: + +1. Maintain 2 or 3 accounts across a mix of PSB's and Private banks. It may seem tedious maintaining the records, but it keeps you somewhat insulted from shocks like Yes Bank. +2. Maintain 2 broking and DEMAT accounts. Karvy is one example of the danger you face when keeping all your shares in one DEMAT account. +3. In case you have any money with a broker, try parking it in Liquid Bees or Liquid Funds. Brokers keep the money in the bank. Now imagine what would have happened in case a broker parked the funds in Yes Bank? Also, all brokers today give insane leverage. For NIFTY futures, you can trade one lot for as little as Rs.8,000. The NIFTY futures value is some 75\*9300 = 700,000. Many discount brokers do not know who their client is. Now, imagine a client takes a large position in NIFTY futures, NIFTY hits a circuit and the client is in deep red. The client disappears. The broker has to make good the clients loss. But if the loss is large, the broker can default. And your money goes to pay someone else's loss. To not be worried by this, I recommend you park your funds in Liquid Bees. +4. Do not listen to TV experts who call a bottom everyday. The real good traders do not sit and preach on TV. They go out there and make money for themselves. Same rule for those on Social Media. +5. Be skeptical of everything portfolio managers and mutual fund managers say. The AMC gets paid on the size of the fund. SIP's are a great way to ensure that the fund manager gets a decent pay. +6. Do not be a Hero. You may imagine being Buffett and buying at the exact bottom or be inspired by Lynch and buy in this carnage, IMO, that is a fools game. You are not Lynch or Buffett. You do not have a few billion dollars lying around. You are probably trying to login into Kite or Kuvera on the way work. +7. Do not personalise losses. Losses are frequent in the market. Everyone loses. Buffett has, Lynch has, RJ has (Yes Bank, DHFL) etc. If you get worried, get out. +8. Do not fall in love with a story. Lots of stocks have lots of stories around them. You hear them for Page, Eicher, Yes Bank. Sometimes the story is around the "next HDFC, next Eicher" etc. You can go see what happens to these guys. +9. Harvest tax losses. You can sell a stock in a loss and pick it up later. You can claim that as a loss when paying your taxes. Do it. You save money. +10. Diversify. + +My previous post "[A walk thru of stock broking](https://www.reddit.com/r/IndiaInvestments/comments/c219va/a_walk_thru_of_stock_broking_in_india/)" has generally positive feedback. I am writing this in hope that the 10 points above help someone.... +[https://finance.yahoo.com/news/worst-stocks-are-doing-the-best-morning-brief-110238013.html?.tsrc=fin-notif](https://finance.yahoo.com/news/worst-stocks-are-doing-the-best-morning-brief-110238013.html?.tsrc=fin-notif) + +Any thoughts on this? The article states what I'm feeling for quite a while now. As an example, AstraZeneca published a doubling of their 2020 profit, meanwhile the stock's average declines and it hardly moves on the news, as if real profit doesn't matter any more. (I have no stake in AstraZeneca) +MOAI HAS JUST LAUNCHED. + +4K telegram members, active mods and 200+ in VC. Solid tech, not your average meme coin. + +Simply put: It's the biggest BNB redistribution on the BSC, and the only one that cracked the claiming issue. It's fully automated. You receive BNB every 6 hours just by holding MOAI tokens. + +Check how many BNB you earn 👉 https://moaitoken.web.app/ + +Whitepaper with explanation here: https://www.notion.so/MOAI-Whitepaper-11c8f391c8c14d82b8ab15e6a6a87485 + +Whitepaper being updated with a bit more context on the auto-claim but mods can already answer any question in tg. + +The way it works: + +1) You buy tokens + +2) You’re eligible to claim a certain % of the BNB pool, based on how many tokens you hold (automatically) + +3) Every transaction fill the pool (and your share of it) + +4) A queue system process each holder one by one and pay them their BNB share. You hold, and get paid without any manual intervention + +------- + +- 10% Redistribution in BNB + +- Auto-paid: You hold and receive BNB automatically + +- 5% Liquidity pool - big price floor inbound + +- Anti-whale: 0.1% max tx sells. No Swing trading for the whales + +- Liquidity locked 6 months + +- Marketing wallet (5%) for expansion. Getting a significant % of the BNB reflection. We're set for scaling. + + +Website: https://www.moaitoken.com/ + +Contract (updated): 0x790612de7b0e2fff7c5ebc2619f86fa5818c6f3f + +Telegram: https://t.me/moaitoken + +Discord: https://discord.gg/hueHregc +I originally posted this on /r/FATTravel, but here seems to be busier. + +Recently I've been hearing a lot from people getting various perks by booking via travel agents. Is it really worth it? How can adding an unnecessary middleman really be better than booking directly with the property? + +Which agencies do /r/fatFIRE users recommend? How has your experience been? +I’m 37, wife is 35, we have a large difference in wealth. More specifically she has a lot more than me with a lot of room to keep growing, whereas short of founding my own company or having a few lucky investments I’m pretty much maxed out on income. I’m not sure why but it makes me feel sort of uneasy, I liked how for the majority of our relationship we had a fairly even balance. I’d rather not raise it with her and make her feel uncomfortable but I would be interested in hearing from people who have been in a similar situation. + +When we met 12 years ago I had just become a senior software engineer, I was really career focused and rose quickly. She was a year out of university, getting started in the world of finance. I was making more than her for most of our time together but as she rose in her career her income increased dramatically. + +She gets the majority of her income from carried interest (basically a % of excess profits on funds she manages), which unlocks every few years and that has started kicking in. + +Through the years I’ve accumulated £3m, mostly in company shares but also personal investments and property shared with the wife. Meanwhile she’s got £5m she can access currently with a further £5m in carry that’ll be unlocked over the next few years. She’s also on a fast track to be the youngest partner at her firm, when that happens she’ll be earning millions each year. + +We had a child 2 years ago, due to the nature of my work I was able to switch to remote work to take care of it after her maternity leave (which she cut short). She jokes that I’ll make a great house husband if we have another kid. I’d always expected I would be the main earner in any relationship since I was a kid, I’m really happy for her but I would be quite depressed and embarrassed as a house husband. + +Last year after the stress of having a newborn was over I was looking into buying a nice car but decided that initial cost and ongoing maintenance made it a pretty irresponsible purchase. She basically said it’s fine if I go ahead and buy it because she can cover everything else, it was a generous offer and she genuinely wanted me to get something I would enjoy but it made me not want it at all. + +We also purchased a flat in Hong Kong recently and she suggested properly combining all our money but I wanted to keep splitting everything 50/50 as we’ve always done that, but it did mean we couldn’t afford as nice a place as we could have if she put up the majority of the money. + +Feel like these kinds of issues are only going to grow and really not sure how to deal with them. Any advice? +My wife and I are in our early/mid twenties. We have saved a little more than a third of our income over the past two years so we had several thousand dollars in an emergency fund plus extra savings. The amount isn't really relevant - the point is that we had no plans to use it. + +At the end of 2016 we were both in great health, and being young we decided to go with my employer's HDH plan with an HSA. Last weekend we blew through the deductible on my wife and we will likely hit the out of pocket maximum before the month is over. This health issue came out of nowhere and we're very fortunate to have good insurance. + +But because we have extra savings, we don't have to make medical decisions based on cost. We can pay the full annual out of pocket maximum and we won't really miss it. If a doctor thinks a test is necessary we can simply authorize it without worrying about how we will pay for it. It has been stressful but I can't imagine how much more stressful it would be if we had to go into medical debt to pay for it all. + +We could have eaten out more last year. My wife could drive a nicer car. We could live in a bigger apartment or house. But I wouldn't trade the freedom of having the extra savings for any of that. + +This came out of nowhere and was frankly highly unlikely. It could happen to anyone. And we were easily able to pay for it. An emergency fund is psychologically, emotionally, physically, and financially is the most important improvement to your quality of life that you can "buy." in my opinion anyway. + +Edit: Thanks to all for your well wishes and support. To those who took this as a criticism of spending, please know that this was not my intention. My wife and I are not ultra frugal - we simply prioritize our spending where we think it will have the greatest impact on our lives. In my view, an emergency fund is just another thing you "buy." I feel that, of all the things anyone could buy, it is the one that will have the greatest impact on your quality of life. +This is not about $GME anymore, this is about setting terms straight: + +**Retail does not want to be manipulated anymore.** + +For decades Wall Street was manipulating securities, getting away with it, and blaming it on others. Through the media, bullshit target prices, naked short selling, or other forms of manipulation mentioned [here](https://en.wikipedia.org/wiki/Market_manipulation) (Kenneth, [this one](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca)'s for you). Citadel and many other MMs - don't misinterpret with Market Makers, we're talking about Market Manipulators here - got away with their dirty tactics to make shitload of money and screw people over. They finally got caught in their own game and tried everything to turn it around, but Shitron didn't work, the media didn't work, more aggressive selling didn't work. Now they're calling through some random crooks for regulations. + +**BULLSHIT.** Regulation for what? Exchange of ideas? Our own Due Diligence? Winning against you in your own game? Yeah, in most cases your buddies at the SEC would gladly do so if you tell them anyway. This time though? People finally came to the realisation what the fuck you guys are doing over there. It was known by many since 2008 but people forgot quickly, and now is the time to remind them that you are no one else's friend but your crooked buddies. + +I never thought I'd say this, but this community showed more leadership and guidance than any other media network. Providing knowledge, research, answers, many of you proven that **you are better people** than these fuckers with billions of dollars of AUM. You should be proud of yourselves as you are leading an unprecedented event in the history of finance. **Unprecedented.** This is why you should still guide others and be an example. Of course, we are not an entity and we will never be - just remember that you are a part of something great, maybe something that will change the way financial world operates, in a smaller or larger way. Remember that there are sharks among us who got pissed at the dirty games as well (shoutout to you Elon & Chamath). We are not alone. + +They blame us? Let's blame them. They will lose all credibility sooner than later, not to mention this incoming generation. The media is here now, you still might convince my 80-year old grandpa that the internet is something out of Pandora's Box, but soon enough you won't be able to convince a single person. We are an important source of information for many people, and I'm not talking about WSB, but about the people that make it. Let's go there in the world and spread the facts. + +Hence, dear Market Manipulators: + +***Do not mislead again. Do not manipulate again. Get your facts straight. Retail matters, and you will see it.*** +While I know a large percentage of you are high income earners I'm still curious what people are spending on their weddings. + +Feel free to elaborate, we are planning our wedding for next year. +Maybe this is all explained on the sidebar I just didn't understand it well. Sorry if that's the case. + +* When ETFs are created, the issuer of the ETF goes into the market and buys the underlying securities? +* When I am buying an ETF through my broker (and assuming that there are no more available to sell), does my broker creates some, and for me (the buyer) it looks exactly the same as I would buy the ETF from someone else (in the secondary market)? +* Does the ETF issuer maintain the underlying securities on their books? Isn't that a huge risk, because you could sell the ETF faster than the issuer could sell the underlying security? +* What stops the ETF issuer from just buying other ETFs with the same exposure (to create more ETF shares to sell)? Would this be acceptable? +* How much the buying and selling of ETFs affect the price of the underlying securities? The same as buying the security itself? +* Can the market cap of the ETFs be larger than the market cap of the underlying security? How is this guaranteed? (for example can the market can of all the S&P500 ETFs be larger than the market cap of all the companies in the index?) +* (based on the recent news of oil prices) If the underlying securities of an ETF go negative, what happens? + +Maybe these are really naive questions, but would really like to understand a bit better these details. Thanks +I googled this shit 5 times and I cannot get a basic answer to: + +* **How does a normie pay IN STORE with this?** +* Also, please confirm to use it, you have to go online prior (afterpay/zip site etc), and sign up / connect a credit card? +* Why is this shit any better than just using a credit card? (55 days interest free etc deals) + +&#x200B; + +Thanks +Is Melvin capital / Citron Capital the Lehman Brothers of 2021? + +Will this lead to a decrease in hedge funds trying to massively short companies (and thereby manipulating the markets)? + +Will the SEC halt trading entirely? Do you believe that to be based on concerns around market manipulation by WSB or to protect MC and CC? + +Please guys and girls - serious discussion, no WSB memes. +>Dear [Boss], +> +>Please accept this letter as notice of my resignation from the position of [job] at [company]. +> +>I will continue to work for the company for the next two months, completing my employment on [date]. +> +>I have enjoyed being a part of the team and am thankful for the opportunities you have given me during my time here. If there are any areas in particular you would like me to focus on during my notice period, please let me know. I'm more than happy to help train anybody to fill this roll moving into the future as well. +> +>I hope that I can rely on you for a positive reference in future. +> +>Yours sincerely, +> +>SingularianNeuralNet + +This was my whole letter. +I was told it was unprofessional by his assistant and that I should have called my boss to talk to him about leaving before submitting a formal notice so he knew why and what my plans are. +My mother works in the same company and she was contacted before me by the assistant to see what my plans are and why I want to quit. (I'm in my mid 20s living on the other side of the country as her and we talk sparsely, there's no precedent for her being questioned in my mind.) I was told he'd be contacting me soon, I gave up trying to contact him because he never responds. + +I sent this late last month and I haven't heard anything from him whatsoever. + +My new job is giving me a sign on bonus and doubling my annual salary so there's no chance I will be staying here at all. I want to know what you guys think and if there's something I should do that I may not know to do. Thanks. + + +EDIT: +- role, not roll. I goofed. +- I didn't actually use my reddit name in this letter +- I work in a high specialty field in a high position. They won't be able to hire someone off the street, thus the reason for the long notice. +- Boss was not contacted before hand because he has not responded to me for over a month prior. Weeks-months at a time without response before that. +- Boss lives and works >500 miles away. Phone/email are the only ways to readily contact him. +- redacted info to be more anonymous +So you've packed up 1 ETH or 10 ETH or 32 ETH or 100 ETH or 2000 ETH or more and you're ready to go to the moon once /if all works out fine. How much did it cost to you on average ? + + +[View Poll](https://www.reddit.com/poll/9p7g01) +Due to the recent drawdowns in technology and growth, people have been calling parallels to the technology boom and bust of 1999-2000. + +First and foremost is the obvious argument that the companies today are fundamentally different from the companies back then. During the 1999 cycle, companies with no profit, no revenue, and sometimes even no product were receiving massive valuations from going public in the stock market. All you had to do is have an idea and put dot com at the end of your name. + +Today, the growth companies look much different. Yes, there's similar froth in the crypto and NFT space, but by growth, I am referring to stocks such as Zoom, Docusign, Teladoc, Paypal etc. All of these companies have massive amounts of revenue with clear paths to profitability in the next 5 years. Some of them are already profitable today and are expanding heavily. + +But beyond this, if you simply look at the state of the market and the numbers, it becomes clear that this is not the same. In the height of the technology bubble, the S&P 500 P/E ratio was 29 with the 10 year yield bonds yielding close to 6-7%. The growth yield on the S&P 500 stocks was close to 3%. Today, the S&P 500 P/E ratio is at 21 with the 10 year yield bond at 1.8%. The growth yield on S&P is closer to 5% today. + +In an environment where bonds are yielding one-third of what they were doing that period, it is not unusual for people to be moving over to equities in order to look for returns. This is especially true in a period when equity growth is already expecting to yield more. + +Now, this is not to say that we are not in a bubble. But I am certain, that we are no where near close to where we were back during the technology mania of 1999. +People really often ask about the best books to learn about Value Investing. + +So far my favorite one is "Value Investing: From Graham to Buffett and Beyond" which is the most complete and up-to-date. + +For beginners, I would recommend reading Peter Lynch with "Beating the Street" and "One Up On Wall Street" which are really easy reads to get into Value Investing. + +I also compiled a list of the best 15 books to read about Value Investing: [https://beanvest.com/blog/value-investing-books](https://beanvest.com/blog/value-investing-books) + +I only included books I already read (even partially), so I might have missed some important ones ("Security Analysis" by Benjamin Graham is an obvious one) + +What is your favorite book about Value Investing? Which one is the best for beginners? +And which one should I read that I did not include in the list? +Let's face it, frugal tips written by people who aren't truly poor are pretty awful. Stuff like don't go to Starbucks is insulting and hurtful when your bank account is all but empty and you just need to figure out how to feed your kids this week. Things like start a garden also don't help much if you need food now. Even less helpful are the people who live on homesteads with a huge garden and some chickens writing about how they spent less than $50 a week at the grocery store to feed their family of 8. Yeah, anybody could do that if they had their own freaking farm :D + +So, what are your REAL tips for getting by? + +I have a few: + +1. Barter child care if possible. When I was in college, I had two young kids. I was able to trade babysitting with a neighbor. She watched my kids in the morning when I was at school. I watched hers in the evening when she worked second shift. +2. Yard sales tend to be much better in expensive neighborhoods. From my experience, sales in poorer neighborhoods have higher prices because somebody is trying to scrape up enough money to pay a bill. In richer neighborhoods, it seems people just want the stuff gone, and they really don't care so much about the money. +3. You can stretch meals by adding more pasta, beans, rice or vegetables. I would typically double a recipe except for the meat in things like casseroles or pasta dishes. Example: If your chili recipe calls for 2 cans of beans, put in 4. +4. Find a library and use it. Libraries are more than books. They are air conditioned in the summer and a good place to go with your kids to beat the heat. They often have clubs and activities that you can join too. (Granted, Covid makes this tricky right now) +5. You really need to start stockpiling food whenever possible. When you are flush, get a few more packages of pasta, some sauce, some tuna, etc. Then, when your electric bill comes due and it's going to eat most of your paycheck, at least you'll have a bit of food in the house. When I was really broke, I learned that saving food was better than saving money. Something would always come along that needed whatever extra dollars I had. But, food in the pantry was a true asset. +6. When you're shopping for groceries, think in terms of meals. Shop the sales rather than trying to plan your menu in advance. One whole chicken can give you three meals. +7. Prioritizing bills generally is in shut off order. You'll get a feel for who is the most lenient and who will shut off your service in a heartbeat. This means your priority needs to be housing, food, water, electricity and heat. Credit cards, medical bills and entertainment come after those basics. +8. Help others whenever you possibly can. I can't tell you how many times a friend, relative or neighbor saved my butt when I needed a ride to the store, or a few dollars to keep the lights on. Build up goodwill and karma. +Good Morning Everyone, + +lets get straight in to it. Please cast your mind back to the ortex fuckery of October. + +The ORTEX glitch in October detailed here showed a short interest increase of 13.38m shares. + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/yetswd\/glitch\_day\_gme\_short\_interest\_6737m\_2657\_changed](https://preview.redd.it/2fc8ggeupn4a1.png?width=1522&format=png&auto=webp&s=6c5cc681e1e4ba5cac6a363b3ac1b30691da8aab) + +This comment from u/akrilexus shamelessly stolen from u/region-formal 's post here calculates circa 13m shares pulled from DRS by hedgies: + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/zfves9\/drs\_has\_been\_increasing\_exponentially\_each\_quarter\/](https://preview.redd.it/c5fjaao5qn4a1.png?width=1391&format=png&auto=webp&s=2691f3d7c66789ff6f10e50cd8f74b749a28e929) + +The timeline adds up as the quarterly report details DRS up to end of October which was around the same time as the ortex fuckery, + +I think we can safely say it wasnt a glitch after all. The good news is these shares are now safe in the hands of apes, chilling in the infinity pool. + +Hedgies r fuk. + +LMAYO + +&#x200B; + +edit 1: more substantiation of the 13m figure: + +&#x200B; + +https://preview.redd.it/nywlkg1vvn4a1.png?width=700&format=png&auto=webp&s=cfdeeca79c50045f731d2b585115596435ef9349 + +&#x200B; + +https://preview.redd.it/xf7ankvpsn4a1.png?width=861&format=png&auto=webp&s=f91483658b1d1052478c62ad088b7a5f8ffac1ee +EDIT 5: *After a quick look at the data received for some blue-chip stocks, I can say that math doesn't add up, so the assumptions in that DD were wrong. I still can't grasp how the % of shares held by institutions can be lower than the % of the float held by institutions. Nevertheless, I would like to thank you all for challenging my thesis, and I would like to ask admins to change the flair to* ***DEBUNKED***\*. Take care guys and stay strong! :) + +***Special thanks to*** u/ikespungler ***and*** u/ravada ***for providing me with Bloomberg data.*** + +EDIT 4: *The only way to check whether this calculation method is right or wrong is to apply it to the blue-chip stocks. Some users already contacted me that they are willing to provide me with some data from Bloomberg Terminal, so I will try to analyze it in the following weeks.* + +EDIT 3: Here, I will try to answer some questions asked by other users. + +>*Did you gather this data yourself from Bloomberg or was this data posted to Superstonk?* + +*Yes, I gathered it by myself based on the Bloomberg posts, which were uploaded here and on the other GME subreddits.* + +>*You acknowledge here, and other times in this post, that there are unexplained discrepancies in the data. Why did you continue with your analysis when you yourself admit that the data is incorrect?* + +*To prove with simple mathematical equations that the data is wrong, and to show that the data given on Bloomberg shouldn't be understood as something without any flaws.* + +>*This statement is hyperbole. There are many other logical explanations for why the data could be correct, nor did you actually provide proof of manipulation. It is well known that 13f fillings, where Bloomberg gets their ownership data, is typically inaccurate due to the requirements for when to file, could this not also be an explanation? This question needed to have been answered before analysis can be done.* + +*In general, it could be, but in this case, it shouldn't be. Instead of taking data from one reporting period, I gathered data which equivalent to at least 4 quarterly filings. Even if you assume, that the data is "delayed" by the T+45 requirement from the last day of a reporting period it should not influence the overall picture of the results because sooner or later those missings filings have to be submitted within the filing period, thus 1.5 months later the data should be updated.* + +*And actually, I explained why the data is wrong. Even if you throw out all the calculations. Assume, that my math sucks. The % of the institutional ownership and % of the float held by institutions is just simply wrong. The former can't be higher than the latter. It's simple math. Yet, after the January runup, something caused that anomaly.* + +>*Most financial institutions calculate IO by using 13f filings from the SEC. Is there a particular reason you decided to compare this number to your own aggregated definition of what institutional ownership is? Could the discrepancy in numbers be caused by an improper calculation of IO from your aggregated definition compared to Bloombergs calculation?* + +*I am gonna clarify that a bit. Bloomberg calculates the IO based not only on the 13F filings but also on the research (whatever is that), schedules 13D and G, SEC Forms 3, 4, and 5, the proxy statements, etc. Since I don't have access to all of those documents, it was the only possible solution to anchor the analysis on the IO presented by Bloomberg and compare its % to the Ownership Types (also from Bloomberg).* + +*Going back to the aggregated definition. It is possible, that it might be wrong, but I am gonna repeat once again that was the assumption to proceed with calculations.* + +*IO definition clearly states that:* + + Institutional ownership is the amount of a company’s available stock owned by mutual or pension funds, insurance companies, investment firms, private foundations, endowments or other large entities that manage funds on behalf of others. + +*Some other Reddit user mentioned, that Investment Advisors should not be included since this is not institutional ownership. It’s individual ownership held beneficially at a brokerage.* + +*If that's true, and I would exclude that that type of ownership then the number of shares in circulation (according to the 2nd method) would vary between 800mln shares and 2 billion shares. The updated tables you can find below.* + +https://preview.redd.it/5osb78va7gz81.png?width=989&format=png&auto=webp&s=2e53252564e604964f6be4718bbda52377b6aa85 + +https://preview.redd.it/xfo8fi2e7gz81.png?width=974&format=png&auto=webp&s=1ebcb871d694241437fc792abdd254d0a8414202 + +https://preview.redd.it/auw65ljg7gz81.png?width=670&format=png&auto=webp&s=fb85549af61b0734c6d7077aca967b7833d014c6 + +>*Where did you get the data from to make your own institutional ownership calculation?* + +*The data was taken from Bloomberg Terminal posts, from the Ownership Summary section, and my definition of the IO types is based on the materials from Investopedia. Even if the ownership types were assumed by me wrongly. It would not explain the % of the shares held by institutions and the % of the float held by institutions.* + +[*https://www.investopedia.com/terms/i/investmentadvisor.asp*](https://www.investopedia.com/terms/i/investmentadvisor.asp) + +[*https://www.investopedia.com/ask/answers/09/life-of-stock-broker.asp*](https://www.investopedia.com/ask/answers/09/life-of-stock-broker.asp) + +[*https://www.investopedia.com/terms/i/institutional-ownership.asp#:\~:text=What%20Is%20Institutional%20Ownership%3F,funds%20on%20behalf%20of%20others*](https://www.investopedia.com/terms/i/institutional-ownership.asp#:~:text=What%20Is%20Institutional%20Ownership%3F,funds%20on%20behalf%20of%20others)*.* + +EDIT 2: + +*Moved the edits to the top and added a heading.* + +EDIT 1: + +*Guys, I would like to highlight that those numbers of shares in circulation are based only on the data from Bloomberg Terminal, and the number of at least 115 million shares is based on the filings from April 2021. Since then, lots of things have changed eg. including my GME portfolio which quadrupled. We will probably never know what is the real number of shares, but those 115 million, in my opinion, is a bare minimum.* + +\- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - + +# START + +Hey guys, + +Last time, when the new Bloomberg Terminal screenshot came out with Gamestop data, it got me thinking if the data there is reliable and can be used to prove the manipulation in the stock. So in order to do that, I analyzed every monthly Bloomberg post dating back to March 2021. + +The findings are fascinating and they show that the data might have been manipulated after April 2021, or the method of calculating the Institutional ownership has completely changed. I lean more towards the former. Moreover, based on the data from Bloomberg, I can say with confidence that the number of shares on the market back in April 2021 varied between 115 million to 125 million. + +I am gonna shortly present the whole process but first, you may ask why I analyzed the data up to only March 2021. Well…the answer to that is quite simple, I couldn’t find any more posts with Bloomberg data with older dates. Secondly, these last few Bloomberg posts depict that shares held by institutions were above the total number of outstanding shares, more precisely it was 121.74% of the outstanding share and 137.46% of float based on the filing from 25.04.2021. And the most recent one from 17.04.2022, which was available here on Superstonk, shows that institutions hold only 45.81% of total shares, and 40.17% of the float, so something happened between April 2021 and now, and I will try to analyze that. + +**Hypothesis and the data** + +My hypothesis is that the data is completely invalid and with the methodology described below I will try to prove it. Since there is no guidance provided by Bloomberg on how the ownership is calculated etc., I need to assume some stuff based on the general knowledge and the findings from the Internet. + +I decided to write down the percentage of shares held by institutions and the top ownership type in an Excel spreadsheet, and I started calculating the number of shares based on the numbers provided by Bloomberg. + +So here is the data already in the Excel spreadsheet. + +[Data between 12.12.2021 and 17.04.2022](https://preview.redd.it/prk8zv7ng8z81.jpg?width=1137&format=pjpg&auto=webp&s=15af1d51da0dd33249924d0bcb37fea7d1d43a12) + +&#x200B; + +[Data between 30.05.2021 and 28.11.2021](https://preview.redd.it/i0kagazsg8z81.jpg?width=1385&format=pjpg&auto=webp&s=64e24165f8fd3efcc32bb91fdada04035f40ba85) + +&#x200B; + +[Data between 14.03.2021 and 25.04.2021](https://preview.redd.it/wptvhma2h8z81.jpg?width=731&format=pjpg&auto=webp&s=f609c56166dca02d7f0926ef3b3817d6ef2637e5) + +As you can see it is quite a lot. + +**CALCULATION MODEL 1** + +Let’s start by calculating the number of the top ownership shares. Here in this method, I assume that there is no fuckery and the maximum number of shares existing is the number of shares outstanding, right? I mean it has to be correct. There is no stock manipulation market according to the media. <insert Cramer meme> + +For all those calculations I took the number of shares outstanding in a specific period and multiplied it by the percentage of the ownership. For demonstration let’s take the filing from the 17th of April 2021. According to it, brokerages own 2.72% and that means that the number of shares held by brokerages is: + +2.72% x 75,900,00 (shares outstanding) = 2 064 480.00 + +&#x200B; + +[The data from the 17th of April 2022](https://preview.redd.it/dpttfgwnh8z81.png?width=321&format=png&auto=webp&s=fe099e00c4404492c25b778269f57c84f1959358) + +Isn’t it simple? + +The same methodology applies to other types of ownership. It is worth noticing that the screenshot of the filing from 17.04.2022 was cut, so I was unable to obtain the data for other types of ownership. + +Okay, let’s move on. We have already numbers of shares sorted by top ownership, so let’s try to calculate the total number of shares, based on those ownership numbers and the percentage of the shares held by institutions. + +How to specify which types of ownership are included in the institutional holdings. Well, it is quite obvious, we have to google it. + +Boom, first google search, straight from Investopedia. + +&#x200B; + +[Institutional Ownership from Investopedia](https://preview.redd.it/7yg41ey3i8z81.png?width=716&format=png&auto=webp&s=42aefc693bdae48bb8d2260716b7478e329ff9ec) + +Based on that I decided to include in Institutional Ownership those groups: + +* Investment +* Pension +* Insurance +* Trust +* Bank +* Other +* and, Private Equity + +I didn’t include brokerages, Venture Capitals (VCs), and hedge fund managers (HFMs), because brokerages can hold our shares, VCs, in the Gamestop case, may hold shares of our beloved Ryan Cohen, and the HFMs may love our stock so much that they hold it in their own personal portfolios. + +Another reason for that was to give some margin error, just in case, there is something wrong in the assumptions or calculations. If we would include shares of these ownership types in the final calculation the total number of shares would be even higher, so yeah, treat it guys as a safety factor. + +&#x200B; + +[The results for the data from the 17th of April 2022](https://preview.redd.it/8sg9due7k8z81.png?width=320&format=png&auto=webp&s=d937115baaee1b0cb2e2747a4f2d850a078eaa4a) + +In the red cells are the types of ownership included in the calculations and the number in red is the number of shares held by institutions. + +You may already notice that something is wrong. Based on Investopedia, the number of shares held by institutions should be more or less equal to the number of shares held by institutional ownership types, but it is not. + +Let’s omit that for now and go further with the analysis. + +To calculate the total number of existing shares (Z), we need to divide the number of shares held by institutions from the top ownership table (Y) by the percentage of shares held by institutions (X). + +Z = Y/X + +Z = 44,196,570.00/45.81% = 96,477,996.07 + +so around 97mln shares. If we would include the Venture Capitals into that the number of total shares on the market would be around 135mln shares, a lot right? + +I applied the same method to other dates and here are the results: + +&#x200B; + +[Results from 12.12.2021 to 17.04.2022](https://preview.redd.it/tg7tqk6ek8z81.png?width=1140&format=png&auto=webp&s=378e7fcea49e084ebe016d86b47dfd7c1bc1e670) + +&#x200B; + +[Results from 30.05.2021 to 28.11.2021](https://preview.redd.it/ad9ec86hk8z81.png?width=1387&format=png&auto=webp&s=730e1e65b97abc189325fc0d52e7e45f517b4618) + +Here, before posting the last picture, I would like to go back to that point in which I discussed that ownership type percentage/number is not similar to the percentage of shares held by institutions. In a perfect world, where there is no stock manipulation, the percentage of the shares held by the institutions should be equal to the sum of percentages of Investment advisors, Pensions Funds, Insurance Companies, etc., but it is not. Well, obviously there is something fishy happening with the data, and the last table, in which the institutional ownership was higher than 100%, will show you that. + +&#x200B; + +[Results from 14.03.2021 to 25.04.2021](https://preview.redd.it/onickwc4l8z81.png?width=732&format=png&auto=webp&s=d992b9ddd74a0a65857ff4cb0908dc384fc56c87) + +As you can see, based on the first calculation model the number of shares on the market is lower than the number of shares outstanding, and it makes sense. If you divide the number of the institutional shares by the number bigger than 1. It’s always gonna give you the smaller value. + +Here is an example for smooth brains: + +[Simple representation of how the fraction work](https://preview.redd.it/c4146mvcl8z81.png?width=666&format=png&auto=webp&s=0eaf3520893c38d1781855e681bf804b08ceacd3) + +Thus, it proves that something is wrong with the data, and the calculation method I wanted to use from the beginning is not working for all of the time periods. It confirms that way of the data representation in Bloomberg Terminal has changed and it happened between April and May 2021. Please keep that in the back of your head. I will try to explain that a bit later. + +**CALCULATION MODEL 2** + +So after proving that the no-fuckery method does not work, it makes now only sense to assume that the percentage of ownership is based on the total number of shares on the market, not on the outstanding ones - that was my previous assumption. + +Let’s get to it. Back in April 2021, Bloomberg Terminal showed that the percentage of shares held by institutions was equal to 121.74%, which gives 79,496,220.00 shares held only by institutions. Quite a lot right? and it is after the January sneeze when supposedly shorts had closed their positions…hehehe. + +&#x200B; + +[2nd calculation method for the data from March\/April 2021](https://preview.redd.it/gbrc8dw6m8z81.png?width=651&format=png&auto=webp&s=252a8777ac60ba6fdcfd265b5eae79d33cf77c15) + +&#x200B; + +So this time I assumed that the number of total shares is unknown and I can’t use shares outstanding to estimate the number of shares based on the top ownership. That was the flaw of the previous method in which I assume that the number of outstanding shares is the number of total shares on the market. + +Following that logic, it gives us 79,496,220.00 held by institutions. Now, the top ownership percentage has to be used to calculate the total number of shares on the market. It is gonna be done similarly to the previous method, so we take only the numbers from the Investment Advisors, Insurance Companies, Trusts, Banks, Others, and Private Equities, and by a sum of those numbers, we will divide the number of shares held by institutions. The result should represent the total number of shares in circulation (real and phantom shares). + +[Results of the 2nd calculation method for the data from March\/April 2021](https://preview.redd.it/5h3cv9vdn8z81.jpg?width=646&format=pjpg&auto=webp&s=65ff2603f20ede8c6684a530eda1a648cf73dd1c) + +Here is an explanation based on the 25th of April 2021 data: + +X – is the number of shares held by institutions, thus: + +X = 79 496 220.00 + +Y - is the number of total shares on the market and it is our unknown. + +Let’s calculate Y: + +X = 0,5929Y + 0.0170Y + 0.0273Y + 0.0486Y + 0.0134Y, so + +Y = X/(0,5929+0.0170+0.0273+0.0486+0.0134) + +Y = 79 496 220.00/0.6372 + +Y = 124 758 662.90 + +It means that back in April 2021 number of shares in circulation was around 125mln. + +I applied the same method to other filings after April 2021 and **once again the total number of shares is smaller than the number of shares outstanding.** + +[Results of the 2nd calculation method for the data from December 2021 to April 2022.](https://preview.redd.it/v1vyhyo9n8z81.jpg?width=969&format=pjpg&auto=webp&s=03bd5f960d77ceca41d0e6238a788423c51af79c) + +&#x200B; + +[Results of the 2nd calculation method for the data from May to October 2021](https://preview.redd.it/5yl207kan8z81.jpg?width=1121&format=pjpg&auto=webp&s=0439416c70a19c07d925cc257ba3cc20d1b2a8da) + +The only logical explanation for that is that the percentage of institutional ownership is completely manipulated by Bloomberg, and it all happened after April 2021, when the Institutional Ownership went suddenly from 121.74% to the level of 56%. + +Here is the graph, which shows that nicely: + +[Percentage of outstanding shares and float held by institutions](https://preview.redd.it/cv37igbtn8z81.png?width=940&format=png&auto=webp&s=f1b2319aa83fed92b4a8cf9feb3ed3e61b911c1b) + +Look at the crossover of the red line and blue one. The red line should always stay above the blue one. To support that, please look at the % of shares held by institutions and % of float held by institutions and how it changed after April 2021. + +&#x200B; + +[The ratio of the shares held by institutions to the float held by institutions](https://preview.redd.it/725icnfwn8z81.png?width=940&format=png&auto=webp&s=5c58d17bf23b553fee5a91ad2f0c25699524bfd0) + +We can clearly see that after April 2021, the percentage of float held by institutions became bigger than the % of shares held by the same body. It should be always lower, which means that the blue line in the graph should be below 1. + +Here is a simple explanation of that issue: + +The apples represent outstanding shares. Let’s assume that there is a number of 200 outstanding apples, these ones everyone can trade. In that story, there is Ryan, who is an institution and he buys 100 apples out of 200. Thus, the float (remaining apples left on the market) is 100 apples, so these are the apples that can be traded by other people. + +So if the Ryan is the institutional investor and he holds 100 of those amazing apples it means that the ratio of the apples he holds to the outstanding apples is 100/200 = 0.5 = 50%, but the ratio of Ryan’s apples to the float is 100/100 = 1 = 100% because he holds 100 apples and the float is 100. Right? So it doesn’t matter how many apples Ryan holds, the percentage of his apples to the outstanding apples should be always lower than the percentage of his apples to the float. ALWAYS. + +In the case of Gamestop, it is completely opposite, that’s why I think that the data by Bloomberg is rigged and not reliable…at least the part in which the % of shares held by institutions and % of float held by institutions are displayed. + +I do believe, based on those findings, that the Top Ownership always relates to the total shares on the market and we can use those numbers to estimate for example, how many shares are held by individual investors by compiling filings from Gamestop and the data presented in Bloomberg. + +If you noticed some errors in my reasonings, calculations or you just simply have questions regarding that DD please let me know. I’ll do my best to answer everyone. Moreover, if there is anyone who has Bloomberg Terminal from before the January sneeze or the data of other companies, I would be really grateful to get those just to check whether my methodology can be applied to other stocks or not. + +TLDR: + +To summarize, the calculations show that there are at least 115 million shares available on the market and a sudden drop, which happened after April 2021, in the % of shares held by institutional investors was a simple manipulation of the data to hide the real numbers. It proves that we were and we are right about the HFs not closing their short positions, and the only way to end this blatant manipulation happening across the markets is just to buy, register and hold our shares. +I've got a serious case of FOMO here. + +I have a little bit of money in NEO, WAVES, XMR, ARK, & GNT that I thought would pay off, but I've "lost" (unrealized) 35-60% of my investment (45% average loss). + +I'm eyeballing LTC and VTC for some moon action (LTC has been bouncing .010 to .020 for the past few months; VTC is about to halve). Should I dump the others at a loss to pick up some extra LTC & VTC? Should I just wait for the BTC hardfork and hope that all the alts recover some value? Should I sell everything and put in DOGE? +**CTC, LLC. Chicago Trading Company - Hedge Fund** + +I was looking at this company a few weeks ago before the 6/30/2021 13F filings were posted on the SEC website. Originally, I thought I wasn't reading it correctly or someone had made a minor mistake. Nonetheless, I still found it kind of weird because the difference between the filing format of the 12/31/2020 13F and the 3/31/2021 13F was noticeably different. + +December's 13 F filing was very neat, clean, and gave you all the information without needing to dig for it. The font was all the same color right at the top they gave you the compliance officers name and displayed the portfolio value (probably proudly, like fuq yuh check dis big dick energy out, we return more than your dad does when he said he is going to the gas station for cigarettes). Below the portfolio value total, you have a Holdings Table that shows all of their positions, and again it was really easy to look at and read and interpret. They were holding such stocks as Apple, Amazon, SPY - you know your typical blue-chip powerhouse stocks. But there were also some stocks that you would probably consider to be “Reddit stocks” such as NIO, Palantir, and Tesla. A+ folio in my book, Cathie Wood vibe almost. Whatya know, they were holding the ARK ETF TR :). + +Recap: + +*Reporting Period: 12/31/2020* + +*Portfolio Value: $3,114,929,000* + +*Filing Format: Normal, not weird* + +So moving on to the March 13 F filing - Immediately upon opening it, I thought I was looking at a different form type than the one I was previously looking at a few minutes ago. So I went back to the December form and double-checked. + +*December: SEC FORM 13F-HR* + +*March: SEC FORM 13F-HR* + +Ok, same form. Why does March look like someone made this with a computer running a crayon-based operating system, printed it, faxed it over to themselves, scanned it as a PDF and finally uploaded it to the SEC website (compared to December)? Maybe it is not the same company? + +*December: Form 13F File Number: 028-13225* + +*March: Form 13F File Number: 028-13225* + +No, it is the same one… well what the frick then. Now there is a blue font, the formatting is all over the place and I don’t see where their Holding Table is. Oh wait, I found it. A tiny little button marked as “form13fInfo\_20210401.html” hyperlinks you to a separate window. + +&#x200B; + +https://preview.redd.it/654wcf5mj5681.png?width=344&format=png&auto=webp&s=13007c6a162887c617aca3a6f4b679668f0f1aa1 + +Again, blue font and is not formatted well. Then, I’m looking... And looking… Where is the portfolio value? Oh, it is on the page we were previously on. In really small print compared to December... + +&#x200B; + +https://preview.redd.it/ekq6g8qmj5681.png?width=975&format=png&auto=webp&s=5024d5f8836f1c010aa8db3a35b22d47f4afed42 + +And for reference here is December: + +&#x200B; + +https://preview.redd.it/k43czpdnj5681.png?width=975&format=png&auto=webp&s=2452b3d6f34273fe5fdce8661d40d365f7f61e0b + +*Form 13F Information Table Value Total: 381,875 (in thousands)* + +Maybe I am just paranoid but man, the difference in format between the two is obvious. + +I look at financial figures often but I don’t think I have ever seen someone label a number in thousands before, so to be sure I wasn’t being crazy, I googled it. Abbreviating in thousands means add three zeros. So, their portfolio value as of March was **$381,875,000**. What the f? Uhhhh where did **$2.7 Billion** go? That can’t be correct. I tried understanding how to value the Holdings Table but then I realized an episode of GI Joe was about to start so I didn’t dig any further (JK I tried for hours but couldn’t get anything to tie out because I have no real experience in 13F filings). They probably just missed a digit, any digit, because then it would be back to the billions. + +But I was still very perplexed about this March 13F. So like any rabbit Reddit reading regime reigning whistle-blowing referee, I kept digging my hole. I did some basic background on the company. So, I went to their website and eventually ended up on the news tab. It was kind of bland - like any other company that has a news section on their website. Not too many posts either… So few posts, that right at the top you have the news announcement of their ‘newly’ appointed CEO which was in June 2019. This young guy looks like a frat boy. Worked there 20 years at the company though, so probably a justified appointment. + +[https://www.chicagotrading.com/news](https://www.chicagotrading.com/news) + +&#x200B; + +https://preview.redd.it/6k2il1koj5681.png?width=975&format=png&auto=webp&s=91b9c981964b6ed369391b4c99fd40ef941edbba + +Then I moved on to Glassdoor. Great website if you haven’t used it. It is a place for employees to review their own company, share salary, and even how interviews go. Usually, the best company reviews are the people who give a 1 rating and just rant about how bad their company was. Well, of course, I found one dated **May 26, 2021**, by a Quantitative Analyst. His/her review reads: + +&#x200B; + +https://preview.redd.it/r05vrfvcm5681.png?width=975&format=png&auto=webp&s=181f66dc44017d8e2aec1143b2857e902806a1cb + +Disgruntled Quant? Ok, something is going awwwwn ladies and gents. I’ll look deeper. + +I go back to the SEC website. + +AND HERE WE GO. I found something under the rough. I present to you Form D - Notice of Exempt Offerings of Securities. What is a Form D and why is it important? + +*Form D is important because it keeps you within legal boundaries. Under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act; You can't simply begin selling securities to fund your business without filing the appropriate paperwork. If your offerings aren't public, you can avoid the typical registration process. Regardless of your final decision, you must let the SEC know you're offering securities.* + +*Keep in mind that you must raise funding from “accredited investors” for the Form D exemption to apply as noted in Rule 506 of Regulation D . These are investors who usually earn over $200,000 a year or are worth at least $1 million. You can also offer securities to companies worth at least $5 million. By either registering with the SEC or filing Form D, a business has taken the time to show they're not providing an illegal public offering.* + +*On Form D, you must also identify “Related Persons” so the SEC can check their credentials. This includes:* + +* *Each executive officer and director and individuals performing similar functions for the issuing company* +* *Each person who has promoted the issuing company either directly or indirectly within the past five years of the first sale of securities or the date when the Form D filing was required to be made, whichever is later.* + +*Notice of Exempt Offering of Securities - Form D* + +[*https://sec.report/Document/0001865215-21-000001/*](https://sec.report/Document/0001865215-21-000001/) + +*Minimum investment accepted from any outside investor* *$200,000 USD* + +*Enter the total number of investors who already have invested in the offering: 39* + +*Total Amount Sold* *$29,900,000* + +*Total Remaining to be Sold* *Indefinite* + +CTC filed a Form D under the issuer’s identity CTC Alternative Strategies, LLC (lol, alternative strategies) CIK 0001865215. The address listed as the Principle Place of Business is the same as CTC; 425 S. Financial Place 4th Floor, Chicago. + +They also listed each executive in section 3 of the form as they are required to: + +* *Chief Operating Officer* +* *Chief Investment Officer* +* *Chief Legal Officer* +* *Chief Financial Officer* +* *Chief Compliance Officer (the same guy who signs off on the 13Fs mentioned previously)* +* *President of Manager of Issuer* + +But wait… there is no Chief Executive Officer listed? And the signer on this document is the President or Manager of Issuer? Where is Mr. 2019 frat boy CEO (no shame to frat boys, I was a Phi Kappa Psi in college)? Is he no longer an executive? + +&#x200B; + +https://preview.redd.it/pcylfwnvj5681.png?width=741&format=png&auto=webp&s=9349dc1bc6ab5668ecd278662b6b768bd9750ab4 + +The first “Related Persons” listed is the parent company. I thought this was weird, thinking that the CEO should be listed in first, instead of the parent, and was surprised that the parent is listed as a person at all. + +&#x200B; + +https://preview.redd.it/nd3j6dewj5681.png?width=975&format=png&auto=webp&s=6c99d3933b5e26420d3837ed2ca57c92ea7c010d + +Well, turns out this isn’t so weird, as per another company’s filing below: + +https://preview.redd.it/6c5df6kxj5681.png?width=975&format=png&auto=webp&s=ddeddc255d4c620faf5804300f2fb431820b6fcf + +But this brings us back to: *On Form D, you must also identify “Related Persons” so the SEC can check their credentials. This includes:* + +* ***Each executive officer*** *and director and individuals performing similar functions for the issuing company* +* *Each person who has promoted the issuing company either* ***directly or indirectly within the past five years*** *of the first sale of securities or the date when the Form D filing was required to be made, whichever is later.* + +Seems like Mr. 2019 frat boy should have been listed no? I would at least assume he is indirectly related and without a doubt within the 5 year rule. *Was he removed as CEO?* I don’t see any news about it and his linkedin profile still lists him as being in that position. Was he specifically excluded as to not have him associated with this subsidiary to, for whatever reason, not make the investors aware of his association? Or maybe the SEC because they didn’t want to check his credentials (or more likely, put him in the spotlight). ( ͡° ͜ʖ ͡°) + +Ok, moving on to my next point of why a Form D? Why are they even raising funds? Under a different subsidiary? In June of 2021? And only raising an amount that would be immaterial to the value of their billion-dollar portfolio? 29 million raised? Peanuts. + +Here is the end game. Finally, the 6/30/2021 13F filing was issued. Honestly, I forgot about all of this until today and decided to check if it was there. And here it is: + +[*https://sec.report/Document/0001445893-21-000004/*](https://sec.report/Document/0001445893-21-000004/) + +*77,880 (in thousands) - $77,880,000* + +*6/30/2021* + +*Form 13 F File Number 028-13225* + +I can now confidently say that the previous 13F in March was not an error. They fricken lost 97% of their portfolio in 9 months? And now they are so desperate to stay afloat they had to do a private offering to raise $29 million which represented about 50% OF THEIR ENTIRE PORTFOLIO VALUE as of 6/30/2021? HAHAHAHAHAHA. Yes, they could have moved the positions elsewhere… but why and where? Couldn’t find anything. + +How can you possibly lose that much money in such a short period. Sure this isn’t any kind of Archegos level loss, but damn. Well, only about 7 times less of a loss... + +Let's go back to their Holding Tables from December to June. + +In December no GME or AMY positions at all. + +In March, GME (puts and calls, put to call ratio of 1.8 - Bearish) and AMY positions (puts and calls, put to call ratio of .58 - Bullish). + +&#x200B; + +https://preview.redd.it/njh68wlzj5681.png?width=975&format=png&auto=webp&s=d93641989f97e30558e409bf8af73756fdf379dc + +https://preview.redd.it/nbvtw470k5681.png?width=975&format=png&auto=webp&s=08d3a84c6df3b296e3f2d9291d2e300a402097fd + +In June, GME (puts and calls, put to call ratio of .61 - Bullish) and AMY (puts and calls, put to call ratio of 1.08 - Bearish) + +&#x200B; + +https://preview.redd.it/ts9fyy31k5681.png?width=975&format=png&auto=webp&s=0625e543e5166fe475ffebbe302cdc1d861075cb + +https://preview.redd.it/foppn3o1k5681.png?width=975&format=png&auto=webp&s=ab04080cc1deb9ce957e8f8ea9cf17d2351feabe + +Now also you have to incorporate the size of the put and call positions, their strikes & expiry, and their movement from quarter to quarter. I’m not going to conclude on those since we are working with limited information. What we also have limited information on are any possible short positions which, as you know, are not reported on 13F or anywhere else. So maybe, just maybe, with a giant grain of the good old spicey speculation… they shorted GME and AMY and got absolutely destroyed and then proceeded to fire the CEO from his position (quietly) to take the blame for such a significant loss and their only option to stay alive is to file a Form D under a subsidiary to raise funds from private and accredited investors because they done fucked up. + +**Conclusion:** + +I don’t know for certain if they broke any securities laws, with the possible exception of the listing of direct or indirect executives pursuant to *Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act* by omission of their CEO - to my understanding of the rule. + +What I do know is what once seemed minorly sketchy to me a few weeks ago, now seems like a total possibility of fraudulent activity. With additional information needed that I cannot obtain myself, I am in no position to make such a conclusion with reasonable assurance. What I suggest is: + +* Look into the CEO, or former CEO for that matter. +* Look into the portfolio; did they really sustain such significant losses? +* Why does the format of the 13F filings change so significantly from the formats they filed previously? Are they intentionally trying to make it difficult to evaluate the movement in their positions with malicious intent? +* Find out who that disgruntled quant was and why he thought management was incompetent in May 2021 as the Hedge Fund, allegadily from my analysis, was sustaining continued and heavy losses. He/she could have some information. + +BUT WAIT THERE'S MORE? I didn’t include this because there may be reasons why they don’t want to use an entity that was incorporated in the Cayman but they already had a “Alternative Strategies” established. Though, it has not been used since 2015. [https://sec.report/CIK/0001569550](https://sec.report/CIK/0001569550) + +Ok really, wait there is more now. + +&#x200B; + +https://preview.redd.it/9srcpjylk5681.png?width=1250&format=png&auto=webp&s=0f1b562f5f0716363bde4df33fca407fca42e27c + +Their Q3, SEC filing is formatally fucked. THE FUCK IS THIS + +&#x200B; + +https://preview.redd.it/c8hkvjyak5681.png?width=2219&format=png&auto=webp&s=b86beab9187d1345d7ddfdf77bd11299a13f2853 + +and they amended it 3 times? HUH. + +**REFERENCES** + +CTC LLC (Chicago Trading Company) + +Address 425 S. Financial Place 4th Floor, Chicago + +Chief Compliance Officer, Mathew Abraham + +[https://sec.report/Document/0001445893-20-000004/](https://sec.report/Document/0001445893-20-000004/) + +$3,516,538,000 + +9/30/2020 + +Form 13F File Number: 028-13225 + +[https://sec.report/Document/0001445893-21-000001/](https://sec.report/Document/0001445893-21-000001/) + +$3,114,929,000 + +12/31/2020 + +Form 13F File Number: 028-13225 + +[https://sec.report/Document/0001445893-21-000003/](https://sec.report/Document/0001445893-21-000003/) + +381,875 (in thousands) - $381,875,000 + +3/31/2021 + +Form 13 F File Number 028-13225 + +[https://sec.report/Document/0001445893-21-000004/](https://sec.report/Document/0001445893-21-000004/) + +77,880 (in thousands) - $77,880,000 + +6/30/2021 + +Form 13 F File Number 028-13225 + +\------------------------------------------------------------------------- + +CTC Alternative Strategies, LLC ALTERNATIVE HAHAHAHAHAHA + +Address 425 S. Financial Place 4th Floor, Chicago + +Chief Compliance Officer, Mathew Abraham + +Notice of Exempt Offering of Securities + +[https://sec.report/Document/0001865215-21-000001/](https://sec.report/Document/0001865215-21-000001/) + +Minimum investment accepted from any outside investor $200,000 USD + +enter the total number of investors who already have invested in the offering: 39 + +Total Amount Sold $29,900,000 + +Total Remaining to be Sold Indefinite + +DISCLAIMER: I’m an idiot and am not accusing any one or any entity of anything. This is for entertainment purposes only. I like eating wax + +edit: RYAN COHEN IS MY DAD +Eoghan Hayes worked with the Digibyte team to implement the Gravity Well Algorithm that enabled Doge to grow to where it is today—literally making normies and crypto enthusiasts alike into overnight millionaires. + +His new project, Dogira, is designed to support indie game developers by decreasing the overhead of complicated features and systems by providing an SDK that plugs right into the blockchain. Indie devs don't make a lot of money, and this project could go a long way in stretching their development dollars, while laying the groundwork for more unique games. + +**If that's good enough for you,** [**click here**](https://dogira.net/) **to check out the project (gas is also REALLY cheap this week so don't dawdle).** + +Otherwise, keep reading to learn more specifics about what the project is up to. Dogira’s objective is to: + +\-Help developers build their games, while enabling them to implement unique systems only possible with the blockchain. They would mainly target Indie devs (a usually untapped market in the crypto sphere) + +\-Widely implement utility-based NFTs: Loot, unlockables (DLC, exclusive content, etc.), characters gained from NFT ownership, ANYTHING in-game or out. This is a coin with a goal, not just your average dog token. + +\-We didn't send coins to Vitalik to “burn our tokens.” The Dogira team launched a hugely successful donation campaign with Viralata (REAU) and have already raised $50,000 in just three days (this is one of the BIGGEST donation campaigns in crypto history!). + +Official token chats have a history of being toxic, and complete chaos… Even slow mode can’t contain the nonsense. Dogira has 13,000 members in the telegram chat every day, and it manages to feel like a community, so you can jump into the conversation, get to know the wonderful people inside, and create genuine relationships with like-minded holders. + +Dogira will be at the forefront of the blockchain gaming revolution with practical, well-built utility. Get in before it's too late! + +[https://dogira.net/](https://dogira.net/) +Eoghan Hayes worked with the Digibyte team to implement the Gravity Well Algorithm that enabled Doge to grow to where it is today—literally making normies and crypto enthusiasts alike into overnight millionaires. + +His new project, Dogira, is designed to support indie game developers by decreasing the overhead of complicated features and systems by providing an SDK that plugs right into the blockchain. Indie devs don't make a lot of money, and this project could go a long way in stretching their development dollars, while laying the groundwork for more unique games. + +**If that's good enough for you,** [**click here**](https://dogira.net/) **to check out the project (gas is also REALLY cheap this week so don't dawdle).** + +Otherwise, keep reading to learn more specifics about what the project is up to. Dogira’s objective is to: + +\-Help developers build their games, while enabling them to implement unique systems only possible with the blockchain. They would mainly target Indie devs (a usually untapped market in the crypto sphere) + +\-Widely implement utility-based NFTs: Loot, unlockables (DLC, exclusive content, etc.), characters gained from NFT ownership, ANYTHING in-game or out. This is a coin with a goal, not just your average dog token. + +\-We didn't send coins to Vitalik to “burn our tokens.” The Dogira team launched a hugely successful donation campaign with Viralata (REAU) and have already raised $50,000 in just three days (this is one of the BIGGEST donation campaigns in crypto history!). + +Official token chats have a history of being toxic, and complete chaos… Even slow mode can’t contain the nonsense. Dogira has 13,000 members in the telegram chat every day, and it manages to feel like a community, so you can jump into the conversation, get to know the wonderful people inside, and create genuine relationships with like-minded holders. + +Dogira will be at the forefront of the blockchain gaming revolution with practical, well-built utility. Get in before it's too late! + +[https://dogira.net/](https://dogira.net/) +Did you take it? I’ll start — an old boss of mine encouraged me to get a car on finance. He and my manager both leased luxury cars for over $1000/month. I didn’t take his advice and found another job soon after. +Japan has a history of struggling to avoid deflation and rarely hits the 2% inflation rate which appears to be the general target in the west. Japan further has the highest debt to gdp rate in the world at over 200%. The government frequently intervenes in monetary policy and frequently engages in QE already as the central bank lacks full operational independence. + +As inflation in this case appears to be desirable and noting the governments ability to intervene in monetary policies why does Japan not print and distribute money to the desired rate to avoid deflation? +...and we are thankfully doing well enough that I was able to set up an "eWallet" for her, with a little extra money for her to buy something for her little sister. Seeing that money in there to buy books made me think about how only 6 months ago I would have had a hard time giving up even $5 to spend on anything that wasn't food/bills. + +And then I remembered talking to one of the dads from my daughter's class. He talked about how they were struggling to put food on the table. His wife just had a baby and was hospitalized due to complications, but she had to get back to work ASAP because she was the one bringing home a paycheck. + +And then I remembered my daughter innocently telling me about how her classmates brought lunchboxes with a single granola bar, or nothing at all. Thankfully she goes to an awesome school with an amazing teacher, so these kids *always* get to eat a full school meal when this happens. + +But thinking about 4/5 year olds having so little just... Hurts. And I know **everyone** is hurting right now in this economy. So I bought several $7 Scholastic gift cards and sent them to her teacher with instructions to give them to kids with little or no money to spend at the fair. Hopefully this buys them a small book and an eraser or something. Anything to make sure they're not left out. + +Edit: Holy cow! I did not realize this blew up. One of the first comments on this post started a really controversial/toxic thread about politics and gender roles, so I actually deleted my Reddit app. Imagine my surprise when I went to browse PovertyFinance on chrome and saw this post at the top! + +Firstly, thank you to everyone for the kind words. It fills me with hope for humanity to hear about so many other people doing something similar. I can see several messages from people wanting to give money, but the app is being silly and I can't actually view the full messages or respond. So here's what I will say to everyone: If you want to give, give to your own communities! It doesn't even have to be money. You can donate your time and help a food bank or animal shelter. You can dig in your pantry and find some things to give to the food bank. You can join your local Buy Nothing Group and see if there are any requests you can fulfill. + +For everyone who awarded this post, thank you! I don't really know what awards do, but I do appreciate the gesture. I wish I could see who gave them to me, but again the app is being silly and I can't. So thank you again! + +Lastly, I want to say that the main reason I made this post is because of the sheer stress I've been feeling financially. Not just for myself, but for pretty much everyone I run into online and in real life. Everyone is struggling like crazy and it's honestly difficult to process. I am just one more bobbing head in a sea of drowning people, or at least that's what it feels like. Posting this story allowed me to address those inner thoughts while also writing about something positive and hopefully inspiring others to help where they can. We need to support each other as much as possible. 💪 + +Edit: I do know that it is risky and I am prepared to lose all of the money but as I said I would want to diversify my stuff to limit that possibility + +I am 13 years old and have around 400 dollars I own in my dads safe that I don’t want to spend so I was thinking of trying to do stocks or something to make passive income with 300-400 dollars preferably diversified investments, I am also open to any other ideas. I have watched videos on stocks and finance but don’t know how to start, I believe my parents would help me if I knew how to. I make around 100 a month helping around my house and my brother. Note I am thinking it would be wise to consult a financial advisor about having to pay taxes or anything like that. My parents are older and my mom is recently retire and is saving money to help me buy a car and pay for college. I have plans for the future such as getting a retirement account as soon as I can and know how to build good credit. I know not to believe people who show off there wealth because the poor stay poor by pretending they are rich. I am seeing what I like know will I have support so I don’t waste money on stuff in the future and know to pay more for a good product/service and save money rather than pay cheap and have to get it done multiple times. +1. crypto is a big bubble that is competing with the fiat bubble in a game of chicken who bursts first. +2. burning supply to artificially pump the price is a giga red flag and will make ETH lose market share to its competitors which will ultimately REDUCE its price (compared to what it could have been) instead of increasing it. +3. if a coin with the codebase of bitcoin would release today it would be labeled a shitcoin and forgotten faster than the average time it would take to make a block, which to be fair, takes a while. +4. crypto will not make everybody "financially free". if everybody is rich, nobody is. you just want to ride on the back of the people that missed the crypto train that then have to work for you if crypto really flips fiat at some point. +5. its not enough for crypto to be "not as bad" as the traditional banking system. +want to be the future? behave like it. be efficient. don't waste a fuckton of energy. don't have fees that make it impossible to buy a fucking ice cream without paying double. +6. every coin/token was at some point centralized. decentralization is a process. judge a crypto by the effort it makes to get there. +7. the average crypto investor has such a limited knowledge of cryptography and/or economics it SCARES ME. +Hi guys, +