diff --git "a/reddit_finance_43_250k_264.txt" "b/reddit_finance_43_250k_264.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_264.txt" @@ -0,0 +1,10000 @@ +2. [SEC filing describing new requirements and proposed exemptions](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) \- the OG sauce, I read it to confirm the claims in the link above +3. [OTC Markets' explanation of the ATS](https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/) \- the TL;DR from above, very insightful. + +&#x200B; + +First off, there is no mention in anything I have read about short positions having to close before stocks are delisted from the OTC market. The new reporting requirements, roughly speaking, will require stocks trading OTC to maintain recent financial statements if they are to continue trading on the OTC market, otherwise they will be delisted from the OTC market. + +So the security still exists after being delisted, but it becomes much more illiquid, and data and quotes for the security become more difficult to access. + +&#x200B; + +The "Expert Market", as described by OTC Markets Group: + +>The Expert Market is a distinct market tier on which OTC Link LLC’s broker-dealer subscribers (each, a “Subscriber” and collectively, the “Subscribers”) can, among other things, find price transparency in certain securities that **may not be eligible or suitable for retail investors**. Currently, the distribution of quotations for securities that are published or submitted on the Expert Market is limited to broker-dealers, and OTC Link ATS **does not make such quotations available to the general public**. [Sauce, pg. 6](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) + +&#x200B; + +What securities will be traded on the Expert Market? + +>(1) any security that is quoted in reliance on the piggyback exception prior to the Compliance Date **and loses such eligibility upon the Compliance Date** due to a lack of current and publicly available information about the issuer of the security; (2) any security that is quoted in reliance on the piggyback exception following the Compliance Date and subsequently loses such eligibility due to a l**ack of current and publicly available information** about the issuer of the security, **the issuer’s status as a shell company**, or a failure to meet the frequency-of-quotation requirement; and (3) **any security that is issued in conjunction with a Chapter 11 bankruptcy plan** confirmed pursuant to Section 1129 of the U.S. Bankruptcy Code (the “Code”)21 and is exempt from registration in accordance with Section 1145 of the Code. [Sauce, pg. 9 + 10](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) + +**I tried digging into** [**exemptions under section 1145 of the U.S. Bankrupcty Code**](https://www.usbankruptcycode.org/chapter-11-reorganization/subchapter-iii-postconfirmation-matters/section-1145-exemption-from-securities-laws/)**, but its very dense and I'm no legal expert, so please scrutinize my assessment on this if you have some expertise on the matter.** + +&#x200B; + +**EDIT:** the reporting requirements that must be maintained are as summarised: (added after feedback) + +>*The amendments permit broker-dealers to publish a quotation if a publicly available balance sheet is dated within sixteen months of the published quotation, as in the proposal, and profit and loss and retained earnings statements are for the twelve months preceding the date of that balance sheet, rather than within six months of the quotation if the balance sheet is older than six months. … The release also delays for two years the requirement that financial statements for the two preceding fiscal years be publicly available for catch-all issuers. This change from the proposal helps guard against the retroactive application of the rule; an issuer’s securities will not lose their quoted market due to a broker-dealer’s or qualified IDQS’s inability to obtain historical records that predated these amendments.* +> +>In the end, non-registrants will have to make limited disclosure, which is a welcome change. If they fail to meet the requirement, they’ll be delisted to the Grey Market or (see below) the “Expert Market.” If a qualified IDQS determines that an issuer’s current information is no longer current, broker-dealers will have a grace period of 15 calendar days in which they may continue to quote the stock. This will give investors an opportunity to exit their positions, should they wish to take it. +> +>In addition, the final rule creates a new exception that permits broker-dealers to publish quotations without conducting an information review for the highly liquid securities of well-capitalized issuers. The Commission believes such issuers are less susceptible to fraud than other types of penny stocks. [Sauce.](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/) + +&#x200B; + +**So you're telling me any stock currently traded on the OTC market, which belongs to a company with outdated statements, including shell companies, or securities issued from a Chapter 11 bankruptcy, are going to be taken off the OTC market and moved to a different dark pool that is designed specifically to exclude retail investors and hide quotes and data from the general public?** + +**The potential for fuckery seems clear to me. The SEC is saying you have to be compliant to the OTC reporting requirements, because the OTC market is having non-compliance issues. But the consequence of continued non-compliance is you get moved to the private "Expert Market" where the reporting requirements don't apply?** + +**It seems to me that if I was hiding something through non-compliance, I would just continue to do so, and end up in an ATS where my non-compliance isn't an issue and I'm hidden from public view.** + +&#x200B; + +How is the distribution of quotes and data handled on the Expert Market? + +>Quotations published or submitted on the Expert Market are clearly identified in a data feed to which OTC Markets Group controls which Subscribers, market data distributors, and users have access. [Sauce, pg. 6 + 7](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) + +&#x200B; + +What does the SEC think of the proposed changes to the Expert Market? + +>*The Commission believes that, under certain conditions and circumstances, it could be beneficial to establish an “expert market” that would enhance liquidity for sophisticated or professional investors in grey market securities, as well as for small companies seeking growth opportunities that might prefer to be quoted in a market limited to such persons. To facilitate the formation and implementation of such a market, the Commission has the authority to issue exemptive relief by order pursuant to Section 36 of the Exchange Act and paragraph (g) of the amended Rule that is necessary or appropriate in the public interest, and is consistent with the* ***protection of investors***\*. In this regard, the Commission may consider, among other things,\* ***the types of investors who could access quotations in this market and the types of securities that would be quoted in such a market.*** [Sauce, pg. 4](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) + +&#x200B; + +Ok, so the SEC is open to the idea of expanding the function of the Expert Market as well as the exemptions for securities transacted within. They went on to state, additionally: + +>*In considering any such exemptive relief, the Commission preliminarily believes that* ***any such expert market must not have the potential to develop into a parallel market for which quotations are accessible by retail investors and the general public.*** ***To protect retail investors*** *from the harms resulting from incidents of fraud and manipulation in OTC securities for which no or limited publicly available information about the issuers exists to help counteract misinformation, such exemptive relief could focus on the types of investors that have the ability to assess an investment opportunity, including the ability to analyze the risks and rewards.* [Sauce.](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/) + +&#x200B; + +**So what does this all mean?** + +As far as I can tell from reading the SEC filing and OTC Markets' own post on the changes coming to the "Expert Market", OTC Market Group is turning its "Expert Market" dark pool into a catch-all trading platform for professional investors to exchange securities that no longer meet the SEC's new reporting requirements for OTC stocks. This is effective September 28th, 2021, and implies that many of the OTC stocks that have recently come under our scrutiny could be moved to this dark pool, making both their quotes and data inaccessible to retail investors and the general public. + +This development, alongside the [CFTC's decision to suspend reporting requirements for swap dealers](https://www.cftc.gov/PressRoom/PressReleases/8422-21), paints a picture that the SEC and CFTC are actively suppressing retail's and the general public's ability to access information. + +Its a compelling coincidence that these developments are taking place right now, given how relevant swaps and zombie stocks are to the latest DD pertaining to naked short positions. + +My assessment could be wrong, I am no legal professional. Please pick apart my assessment and share your thoughts in the comments. +Yesterday the "meme" (that's how dirty Media calls them, to mock us, but in real gme isn't a meme stock, it's the CHAMPION) stocks moved, popcorn moved 13%, bath stock moved 4.5% and gme moved ONLY 1.5%. + +They can only suppress GME that much, because we still have many apes, who have faith in brokers and use them. The brokers will NEVER have your own intrest in first line, don't be stupid. + +IB chairman peterfly said, if the hedgefund clients go bust, the brokers have to pay the bag. So how can you think, that when you're client, they will allow you to take their money, if they can illegally stop it but pay a small fine? + +It's time to accept the FACT, that only YOU have it in your hand, if you Want to keep getting fcked or finally STAND UP AND WIN! + + +if only 25% member of Superstonk can Direct register with computershare 60% of FREE FLOAT, then the other 75% should finally WAKE UP AND DO THEIR FCKING WORK. look at popcorn apes, their stock went from 70 to now 8 dollar. + +Direct register your shares and they cannot naked short the stock anymore + +EDIT: TALK TO YOUR FAMILY, FRIENDS AND CO ABOUT GME. + +I will NOT STOP TO SPEAK THE TRUTH UNTIL THEY STOP TO CRIME +My remuneration has almost quadrupled this year, and I need a plan of attack. It's all somewhat unexpected. + +I want to preface this post by saying both my parents worked at 7-11, and I didn't have a physical bed until I was 16. I've worked very hard in life and sacrificed my 20s to get where I am. I feel tremendously guilty about how much money I make now. I want to give back as much as I can but feel a little adrift. Please be kind. I'm in an ocean after growing up in the desert. This is also my first time ever spelling out all my finances. + +I'm 34 and wife is 45. Family of four. Wife stays at home but makes $1-2,000/month through a side hustle. She has ~$50,000 in her super. Kids are financially set as their biological dad died and had an insurance payout for when they turn 18. + +I make ~$14,000/month after tax. In addition, $2,000/month is going toward Super which has a balance of ~$60,000, 100% in international equities with fees at 0.14% p/a. I get a $20,000/year bonus at the end of year if I stay at this job. I expect my remuneration to increase about 5-10%/year, and I have excellent job security. There will be another substantive bump in income in about two years, but I don't know by how much. + +I spend 10-15k/year on professional development, fees, and miscellaneous expenses (including 4k/year for high-quality income protection insurance). Other expenses including mortgage are around $2-3K/month. + +I owe $390,000 on my home originally purchased for $440,000 two years ago and now worth about $700,000. I have an $8,000 car loan on my Toyota. No other debts. We outright own an old Kia Rio worth about $5,000. + +Our current goals are: +1) Pay off the car ASAP and become debt free +2) Save $20,000 cash as an emergency fund +3) Buy a used car in cash to replace my wife's, budget of around $15,000 +4) ??? + +I really don't know if I should maximize my super (but my wife is retiring 10 years ahead of me), start investing in shares, or pile money into a mortgage offset account with a view to pay off the house in 10 years. Any book recommendations? Is it worth getting a financial planner? I don't want to screw this up. + +Thank you in advance. +Hey apes, + +I found something big. Lots of pictures to make it easier to read. + +So I work somewhat in the non-profit sector so I started looking at WWF and Save The Children's tax forms (aka 990s). Check this out. + +**I first started to look into WWF**. I found some peculiar things on their form. First is the Investments section: + +&#x200B; + +[Investments are listed as 'Partnerships'.... that is a lot of money for partnerships.](https://preview.redd.it/l8dh2xykmds81.png?width=901&format=png&auto=webp&s=f83bfa51da218296be1056fe519af8ddca2b7921) + +Then I looked at Other Liabilities: + +[Where have I seen swaps before?](https://preview.redd.it/dc8rzlrmmds81.png?width=880&format=png&auto=webp&s=2d7a1ecbf9e7ead81af26d0b1c55b1585d0ba0a5) + +&#x200B; + +[Explanation from investopedia.com](https://preview.redd.it/jao8eq3pmds81.png?width=548&format=png&auto=webp&s=92f12353733956d681940656cd5c49a834c2a875) + +Wait, this non-profit charity can trade? None-the-less OTC? Can all non-profits do this? Yes, yes they can. + +As I continued reading I came across this: + +[Financial Accounting Standards Board \(FASB\). Who dat?](https://preview.redd.it/g7pzxzkqmds81.png?width=944&format=png&auto=webp&s=eb42851d45ba39905d2a5f3b265a4ba59e9a8d7a) + +We'll get to who FASB is later. + +Non-cash Contributions: + +&#x200B; + +[Someone or some entity donated 265 shares of a company? This could be from someone who died and donated the shares, but still strange.](https://preview.redd.it/y2nhe5jsmds81.png?width=869&format=png&auto=webp&s=4378e3931c88788bf686f61064dcaa5c23bf32aa) + +&#x200B; + +**Now for Save the Children.** + +Lets look at Investments: + +[Hedge Funds? Mutual Funds? Private Equity? To the tune of $127M dollars? ](https://preview.redd.it/6mpqv5stmds81.png?width=893&format=png&auto=webp&s=fbf1da50f9e604f56d0d8fda2952cc7c13791a1e) + +Now I know $127M doesn't seem like a lot in the grand scheme of the market (like 3 shares of GME), but there are 10s of thousands of non-profits investing into the markets. Pretty large sums of money. + +Non-Cash Contributions: + +https://preview.redd.it/fkyuvc7wmds81.png?width=881&format=png&auto=webp&s=328ebedf7850272a436ef26491ae1885b768c64f + +**Lets get back to FASB. Who are they?** + +[Summary](https://preview.redd.it/49blcloxmds81.png?width=856&format=png&auto=webp&s=71116ab4a7b7388699b6edaf301a71d4a98c01aa) + +The FASB sets the accounting standards for public companies and other organizations. It is recognized by the SEC. They created the Generally Accepted Accounting Principles. What's that? + +https://preview.redd.it/2c30zvyymds81.png?width=809&format=png&auto=webp&s=b9e5bc6345dd256d0bd6026cdbf4296f7b2cf49e + +So lets get this straight. One of the main assumptions of the standard is that if the company says the standards are being followed, no further disclosure is required?! Sounds ripe for abuse... oh wait it is. Massive accounting irregularities from **ENRON** and Worldcom. I'm familiar with the Enron scandal, but what is Worldcom? + +&#x200B; + +[Scheme to inflate company assets....](https://preview.redd.it/7jbkm780nds81.png?width=788&format=png&auto=webp&s=cbca33293578deb269e49ec5fc267c7c3314efef) + +https://preview.redd.it/as4pt6f1nds81.png?width=778&format=png&auto=webp&s=9616fbd30745a3236a64494a3204fa2e81c43cef + +Worldcom's Board of Directors authorized loans and loan guarantees to the CEO so that he wouldn't have to sell his shares to meet margin calls or the share price would have plummeted. It was estimated that the company's value was inflated by $11B. **HO-LY FUK.** Are these non-profits and some companies, at the guidance of bad actors (ie BCG), loaning money out to hedge funds/board members to avoid margin calls?! Is that why when things are going south, they are magically saved? FUCKIN' A - ARE THESE NON-PROFITS THE ULTIMATE BAG HOLDERS? Is the whole market inflated and a giant ponzi scheme? + +Somebody, please think of the children (and animals). +Just curious on the progression some of you have had on your FI mindset over time. I started off finding this sub on a lunch break after a bad week at my first job out of college trying to find a way out. I noticed over time I’ve been going through different FI phases that may be relatable to many of you. + +For example I went from save every penny until I can hit leanfire -> let me chill out a bit and enjoy my life while I still try and be frugal -> don’t really think about money much, but am aware of where my money is going (still trying to be a strong saver) and focus more on doing things that I’d be doing anyways if I retired. Shifted from a retirement focus to a safety net focus. + +Probably the most common one I’ve seen: live frugally -> finally hit FI -> quit job and travel for 6months -> thought that all they wanted to do was travel and go through their bucket list -> tired of being on road and just want to stay home -> get depressed and realized they could have done bucket list stuff in free time while working, and realize a big part of their purpose previously was based on their job which they now quit-> self realization and realize FI wasn’t the complete answer to all their problems but can’t ever see themselves working again +I have been wondering about this since I first came across the concept of algo trading/HFT. An investor can make an expected 6% per year investing in a fairly low risk passive index fund. + +With all the time and money going into doing research, getting live data, and in the case of HFT very high performance software and hardware, how much more than 6% are these algos making to make it worth the hassle? + +I know that returns alone is not a great way to assess an individual algo as it doesn't factor in risk, so perhaps a better question would be what kind of overall returns are made by the big quant funds/prop shops (e.g. Jane Street, two sigma, optiver etc.)? +Hey all! First time posting on this subreddit, long time lurker. As the title suggests in the past my family sued for medical malpractice that I unfortunately was a victim to when I was 4 years old. I am now 23 and have spent countless hours researching and discovering what FIRE and really what fatFIRE could provide for my life. + +Whats truly fascinating upon finding out what came out of this lawsuit was that my parents decided not to take any of the money back in 2001 and instead set up a trust fund sort of deal where I get paid out for the next coming years. + +The payout goes as follows$30,000 every year from 2015-2019 (5 years) $150,000 + +$2000 every month from 2020-2070 (50 years) $1,200,000 + +$50,000 in 2022 + +$170,600 in 2027 + +$500,000 in 2032 + +Grand total of $2,070,600‬, all of it untaxed thanks to whatever deal my parents worked out. + +I realize that some of these will be worth less because of inflation as the years go by but still its a huge advantage. I did use the majority of the $150,000 for college for myself and my 2 other siblings. We are all graduating essentially debt free, in STEM fields, thanks to this. + +I recently graduated from college and have been working and currently make $60,000 with about $7,000-$10,000 in bonus a year. Current career path consists of an average of $10k raises every year. (We'll see now thanks to Covid) With bonus I will cross $100,000 in about 3 years. At 30 I see myself making at least $130,000. I'm also working on side hustles and building passive income sources and hope to be making about an extra $2k a month in about 2 years. + +I'm not looking to live an extravagant lifestyle, currently I'm living off of about $3k a month and thats with eating out, travel, etc. But I see fatFIRE as the only way to retire as I want to provide for my family, my parents, and being ABLE to take really nice vacations or buy myself nice things. + +Currently I have $3000 in credit card debt (0% interest until late August) that I can pay off but with Covid I'm holding onto cash until things stabilize or until it gets past August. I'm currently saving $1200 a month and when I start getting the $2k a month I'll be saving $3200. Don't see myself going through lifestyle inflation so every extra dollar I'll be saving away. I've attached a screen shot of my theoretical plan, earliest I would retire is 40, but really plan on 45. If I love my job (currently I do, great coworkers, decent work, great company/culture) at that age I'll continue to work and just take nice vacations with my family every 3 months since my company offers 160 hours of PTO a year. + +Thank you for reading this far, my main concern and for posting on here is am I missing something. Is there some underlying factor I'm not seeing? I wanted a fresh set of eyes on my plan and see if there are any holes I'm missing. I come from a humble upbringing, parents are immigrants and don't make much. They struggled a lot to get us to where we are today and I want to honor and do right by their sacrifices. If I missed anything or something doesn't make sense please let me know and I'll elaborate, thank you all! + +Edit: Main goal is shooting for a 3 million NW w/ a 4% withdrawal rate of $120,00 a year (REALLY don't see myself using all of it but I like the sound of $10k a month :D) in the image below I also assumed a 6% real return since I've seen posts that assume 8-10% before inflation. I've also added the imagined dividends to the "total" column on the right which is the "starting balance" on the left. I know this doesn't fully cover inflation but it's my best attempt! + +Also using this as my baseline for fatFIRE + +[https://www.theretirementmanifesto.com/wp-content/uploads/2018/11/Leanvsfatfire.png](https://www.theretirementmanifesto.com/wp-content/uploads/2018/11/Leanvsfatfire.png) + +[https://imgur.com/eGq3G3i](https://imgur.com/eGq3G3i) +[https://www.ft.com/content/d41b7aba-63a4-11ea-b3f3-fe4680ea68b5](https://www.ft.com/content/d41b7aba-63a4-11ea-b3f3-fe4680ea68b5) + +**The article is behind a paywall so here you go**: + +Goldman Sachs has called time on Wall Street’s 11-year bull run, warning that the coronavirus outbreak and oil crash will send the market tumbling by almost 30 per cent from the record highs set last month. + +The Wall Street bank said the S&P 500 will fall to 2,450 over the next three months, a 15 per cent drop from Tuesday's closing level and a 28 per cent tumble from the peak in February. Goldman's forecast suggests the US will enter a bear market, typically defined as a fall of at least 20 per cent from a recent high. + +“Both the real economy and the financial economy are exhibiting acute signs of stress,” said David Kostin, Goldman's chief US equity strategist. “We believe the S&P 500 bull market will soon end.” He said the “proximate causes include the global spread of the novel coronavirus and the 43 per cent collapse in crude oil prices.” + +Global financial markets have been shaken in recent weeks as investors attempt to determine the extent to which the Covid-19 outbreak will disrupt the economy. Equities have dropped sharply, corporate debt has taken a heavy blow and gauges of volatility have surged. Investors have sought shelter in havens — sending US bond yields to historic lows. + +Mr Kostin said in a note to the bank's clients on Wednesday that earnings per share of the large US companies listed on the S&P 500 index will drop 5 per cent this year. This marks the second downward revision in as many months, as Goldman in February had projected no earnings growth for the S&P 500 this year. Strategists at the bank expect earnings to fall by 15 per cent in the second quarter. + +The projected drop in earnings comes as crude prices are expected to drag on the energy sector. Oil tumbled sharply at the start of the week after Saudi Arabia launched a price war despite a hit to demand as a result of the coronavirus outbreak. + + Meanwhile, the drop in US government debt yields is expected to place pressure on US banks’ profitability. The yield on the US 10-year Treasury note has dropped below 1 per cent after the Federal Reserve last week delivered an emergency rate cut. Many investment banks expect further reductions, potentially back to crisis-era lows near zero. + +Goldman also said the decline in business activity and reduced consumer spending will hit companies across various industries. + +The bank expects the situation to improve markedly by the end of 2020, with earnings expected to jump 12 per cent in the final three months of the year, helping to drive a “fast rebound” in the S&P 500 back to 3,200 — close to where it started the year. “A new bull market will likely be born later this year,” said Mr Kostin. + +“By year-end, economic and earnings growth will be accelerating, the fed funds rate will be at the zero lower bound, and the impact of any fiscal stimulus will be flowing through to consumers,” Mr Kostin said, pointing to Goldman's expectation that the Fed will cut rates to historic lows over the next two months. +Other than Apple and Microsoft, which earnings have impressed you the most so far? + +I'm looking to sort through the storm and see which stocks are best during the slow period post earnings and I've liked a couple like LVMUY and Visa obviously. + +But what others that are less talked about have made you consider buying more (or started a position in)? + +I always find earnings to be the best indicator especially in this market dealing with inflation to this level. +Shares of PayPal Holdings Inc slumped nearly 17%--make that 25%-- on Wednesday as investors questioned the company's growth prospects after it disclosed a big hit to revenue from the impending loss of marquee client eBay Inc. + +The share slide set the stock up for its lowest opening since May 2020, as PayPal also listed out a number of other factors hurting its performance, including high inflation, the end of stimulus checks and the impact of the ongoing supply chain issues on cross-border volumes. + +At least 11 analysts cut their price targets on the stock and BTIG downgraded its recommendation to "neutral" from "buy". + +&#x200B; + +Irrational, or is the market continuing to take another look at valuations of growth stocks? +I’m stuck at home dreaming about our September 2021 honeymoon. Neither of us have been to Africa yet. This is our tentative plan for an 18 day trip. I would love feedback on our itinerary if you’ve visited any of these places. I’d also like suggestions for trusted travel agents to help us organise this. Thank you! + +Namibia, South Africa, Zimbabwe + +* Sossulvesi - Little Kulala or AndBeyond Lodge +* Sabi Sands - Singita, Londolozi or Mala Mala +* Cape Town - Cape Grace or Ellerman House +* Winelands - Le Cle De Montagnes or Delaire Graff +* Hermanus - One Marine Drive Hotel +* Victoria Falls - Matetsi or Tongabezi +We are genuinely conflicted. We live in a HCOL. We have been advised that the pricier SFH neighborhoods in the surrounding suburbs weather housing crises very well, and history does show that (of course, doesn’t mean it will always be the case). + +My portfolio, as I’m sure many of yours are, is down ~20% YTD. Housing has stayed strong, and of course rates are up up up. We’ve been looking for a home for the past year and a half. We have one in hand that is in a very desirable neighborhood, we can reasonably afford it, and it’s in very livable condition. The issue is that I’d have to liquidate a significant portion of my equities to pay for the down payment. I’d be locking in those losses, as they say. + +Anyone have advice on how to think about this? Appreciate wise words. Thanks. +# Part 2 + +**2.1 The 2008 Financial Crisis** + +Fast forward to 2008 and this bad boy. + +[Bad Boy](https://i.imgur.com/RNnx9u3.jpg) + +We all know what happened in 2008. The banks put pressure on mortgage lenders to peddle as many mortgages as they could onto as many people as they could. Their argument… Everyone pays their mortgage. Wallstreet was buying up all these mortgage backed securities, MBS’s, and packaging them into a nice bundle called a CDO, slapping a AAA rated bumper sticker on the back and calling it a day. At the start of the bubble lenders could find reliable people to sell homes to like people with an income or a high credit score. As time went on the credit got worse as they had already sold houses to everyone with 800 credit score, so naturally as they went on the credit got worse if they were to continue issuing loans. It got to the point that they did not check income, credit, names, etc. Just sign here and the house is yours. Once the adjustable rates kicked in the defaults mounted and was about to wipe Wallstreet off the face of the earth. Deflation was setting in and an entire banking meltdown was all but unavoidable. This completely broke our markets and forced the Fed to take extraordinary measures in the form of Direct QE. + +At the time our Central Bank Chairmen was Ben Bernanke. Ben Bernanke was a student of the Great Depression and his only focus at the time was to prevent anther one from happening. He wrote something now called the Bernanke Doctrine. This basically explained how deflation can be avoided when using fiat free floating currency. + +[Bernanke Doctrine](https://en.wikipedia.org/wiki/Bernanke_doctrine?wprov=sfti1) + +For those that don’t understand what caused the Great Depression… massive money creation from all banks was being used to speculate on the stock market. They took stock prices as a given and lent with stocks as collateral (literally what Elon Musk just did for twitter). With all the new money in the stock market prices had to rise. When stocks prices collapsed the loans turned into bad debts. This froze the banking system and accelerated the decline by restricting the movement of money. The monster of deflation set in and the Central Bank failed to react. It DID NOT print money further speeding up the decline. The wave of bad debts exacerbated the credit crunch and money became scarce. + +[Great Depression](https://i.imgur.com/PAzUbjQ.jpg) + +To avoid the deflationary forces that caused the Great Depression, Ben Bernanke printed money. This is what we now know as today’s QE, or direct QE. The central bank bought all the bad debts on the banks balance sheet for face value, clearing the banks of the toxic sludge that was about to prevent them from lending. The issue was this bailout did not come with any demands like what the bailout money should be used for. Naturally, the investment banks turned around scott free and resumed investing using this hot money to buy up all the deflated assets. Inflation set in, but only on the assets the hot money was spent on. Housing suddenly started rise and the stock market began its historic bill run. + +These actions of the Fed also forced it to a switched to an “Ample Reserves” system for their FFR. In simple terms, they printed so much money there is no demand for it in the repo market. Before 2008 they would manipulate interest rates by increasing or decreasing the amount of money in circulation. Now the Central Bank manipulates the FFR with the Interest on Reserves and the Overnight Reverse Repurchase Agreement rates acting as cage around the target rate of the FFR. + +[Ample Reserves](https://i.imgur.com/H5wZ5uD.jpg) + +[Federal Funds Rate](https://i.imgur.com/PsUzdsN.jpg) + +Moving on to the years following 2008, monetary policy has become extremely easy. The FFR has remained near 0%, the Fed has been buying up the bad assets off the banks balance sheets continuously, and the Fed has also been putting downward pressure on Bond yields by purchasing a massive number of US treasuries off the banks. All of this makes it easy for business to thrive on CHEAP MONEY. It even gave birth to the mysterious “Zombie Companies”. + +Zombie Company - “Zombie companies are indebted businesses that, although generating cash, after covering running costs, fixed costs (wages, rates, rent) they only have enough funds to service the interest on their loans, but not the debt itself.\[1\] As such, they are generally dependent on refinancing of maturing debt for their continued existence, and may face solvency risks should interest rates rise or investors withdraw from further financing.” + +[Zombies!!!!](https://corporatefinanceinstitute.com/resources/knowledge/other/zombie-company/) + +Remember our little run over of bonds in the beginning of this journey? Putting downward pressure on the benchmark bonds and dropping the FFR allows business to finance their operations by issuing debt and taking out loans that are very easy to service. The 12 Years of QE has artificially kept yields down to spur growth in the economy, even if the business created don’t turn a profit and can barley afford to service their debts. The economy for the past decade has now been permeated with extremely fragile businesses vulnerable to rising yields. A rise in bond yields would mean they would be unable to afford new debt to service old debts and implode. + +Even more concerning is the amount of debt individuals have mounted on top of themselves. The low interest rates have helped draw out individuals to unknowingly leverage themselves to the gills. The easy monitory policy persuaded the masses to draw on credit to purchase assets even when the principal was often over the average persons annual salary. Homes become unattainable for the lower class. Rents take an increasingly larger pie of an individual’s monthly income. Predatory college debts drown the younger generations and hampers their ability to spend. The easy monetary policy drew everyone out of their homes at a time when savings where at record lows, and the ability to pay debts was dependent upon the next weeks paycheck always being there. People could essentially be classified as individuals “zombie companies” as their monthly income had been stretched multiple times over to finance even the most mundane purchases. This is why services like Klarna or Affirm have been rising in popularity… The everything bubble had been blown. + +**2.2 Covid 19** + +Enter COVID: + +Covid 19 and the Lockdowns did us in. This is the story of hyperinflation in the United States. + +In 2020, Covid reached the shores of the US and quickly spread across the country. As a new virus we knew little about spread silently through the population, fear was all pervasive. The economy screeched to a halt. Lockdowns killed demand overnight and a selloff in the stock market was gaining speed. The Fed had to act fast. The printing press was put into overdrive, the FFR was slammed back down to 0% from the measly 2.5% the Fed was able to regain, and yields on US treasuries hit the floor. The Fed opened the floodgates and let Wall Street know they could have as much money off the printing press as needed. Borrowing was made easier than ever. The party must go on, but one area wasn’t covered. The average citizen. + +Federal reserve response to Covid (start at bottom just before Covid) + +[Fed “Money Printing” Response](https://www.usa.gov/federal-covid-response) + +As jobs evaporated and business shut down, the chance a massive amount of people were going into default was a certainty. The over leverage public from the past 12 years of easy money had left Americans extremely exposed to the threat of deflation. This prompted a huge response from the Congress to pass bills amounting to trillions in aid to the average citizen and local business, bolster unemployment benefits, put college, rent, mortgage payments on hold, and issued forgivable loans (free money) to businesses. All of this was to stop the mass wave of defaults from washing up and Congress leaned on the Fed to finance a bailout of the population. The printing press was put into overdrive. + +“Helicopter money” + +[Helicopter Money](https://en.wikipedia.org/wiki/Helicopter_money) + +In comes Dr. Burry. + +[Dr. Burry](https://i.imgur.com/Gzy9xxY.jpg) + +The hot money and the pause on debt payments ripped off the doors of the economy and it roared back to life. Demand was revitalized while supply remained constrained. Bottlenecks arose. Prices began to rise. People began looking for higher wages. Businesses as a result have to raise prices further to adjust for the increase cost of labor. Staffing shortages ripped through the country. The wage price spiral had broken out. Hot money was everywhere with too few goods to soak it up. That extra money then found it’s way to the stock market. Everyone had began to speculate as the money was almost guaranteed. The exposure of a downturn to the average person became extreme. The Fed had pulled everyone into the frenzy. + +**2.3 Today** + +Today: HIGHLY SPECULATIVE + +We now sit at the tipping point. The announcement of QT from the Fed has tipped off Wall Street to start unloading their holdings of US Treasuries before the Fed joins in and sends the bond prices down and yields straight up. This will make the financing activities that kept the market upheld for the past 12 years too expensive and send business into default and layoffs will follow putting people into default. Uncle Sam is so leveraged that if yields rise the US’s default will be unavoidable. Any real change in interest rates or tightening of the money supply would send asset prices straight down to the floor. + +THE FED CAN NOT AND WILL NOT RAISE RATES IN ANY MEANINGFUL WAY. + +The Fed needs to crank on interest rates like crazy to get us out of this inflationary period. It needs a Volker Shock, but instead it knows this is unaffordable for everyone as he has let cheap money create an extremely unstable economy filled with unprofitable and over leveraged companies and over extended individuals, so instead it the Fed is saving face. + +The Fed is 100% lying to you. The 0.25% rate hikes on the FFR is not to fight inflation. It is trying to get more policy room (how well the Fed is equipped to responded to crisis), to help in the market downturn IT IS ITSELF ABOUT TO CAUSE. Rates need to be AT LEAST in the double digits to fight off the inflationary pressures, yet the Fed is hitting us with 0.25% incremental rate hikes every 2-3 months. + +This is what Dr. Burry means: + +[The Fed is Lying](https://i.imgur.com/ub9MLpg.jpg) + +The Federal Reserve is going to slowly hike rates sending markets into a tailspin just to revert course, drop interest rates back to 0%, and turn the printing press back on and print your money into the toilet. + +WALLSTREET IS NOW JUMPING SHIP. The market is sputtering, bond yields are going parabolic. + +The Federal Reserve has no choice but to keep printing. + +[Feds Balance Sheet Tapering Off](https://i.imgur.com/4tSE3gz.jpg) + +[Parabolic bond yield](https://i.imgur.com/qldFEta.jpg) + +[S&P500 Head and Shoulders](https://i.imgur.com/i0WNEL9.jpg) + +Just as the Market started to sell off Thursday into Friday (now into Tuesday) due to these reasons. + +Then Dr. Burry Tweets this ominous message: + +[I Tried](https://i.imgur.com/5WRNx0K.jpg) + +In a market crash… GME could moon. I’m not here to tell you it’s not. If you get one thing out of this… your money is not safe. + +Not a financial advisor: as he reduces his balance sheet the market will crash. The FOMC meeting is the in the first week of May. Yields will spike as he joins the selling of treasuries, interest rates on loans will follow in step. Corporate bond issuance will become much more expensive and unprofitable corporations will go bust. He can’t allow this. Quick QT, market crash, resume QE, print us to death. + +Not a financial advisor: + +QT moves: Puts on the market/ short positions or calls on Volatility products. UVXY (extremely risky leveraged product) will get juicy. + +Resumed QE moves: stocks will boom, it’s fake. Dump cash holdings for hard assets. Loans will be printed away so debt is cool. + +GME - we could see a massive dip with this. All the collateral used to finance the short positions will go sour, but initial moves could be nasty to the downside before MOASS. No FUD, just be prepared for a wild dip as it could follow the overall market before blastoff. Market mechanics have not changed, they are fuckin short as hell. So as you apes always know, if this crash manifests a dip it would be a good time to load up for cheap. + +BUY HOLD DRS VOTE. Love GME. FUCK THE FEDERAL RESERVE. +I'm in the market for a house, if rates rise enough there will be a proportion of people that will be under stressed. This will cause them to want to dispose of the property. If there is a surge in properties being listed do you think that prices will drop much? + +I feel that they can't drop too much since the difference between mortgage and sale price must still be paid by the vendor right? + +Tldr: are rate rises beneficial to me as a house hunter? +I spent a few weeks reading all the reports and lawsuits surrounding the Archegos event last year. My goal was to pull out all the facts to make for easier research, and to see if we could increase our knowledge of market mechanics surrounding swaps. Good news is that it does expand our knowledge, bad news is that they mostly avoid mentioning short positions and hedges except with vague descriptions. + +The reports do suggest, however, that Archegos was short ETFs, custom baskets, and single securities that line up with the tickers we research in relation to Gamestop. + +I reference four documents throughout this DD: + +* [Credit Suisse Archegos Report](https://www.credit-suisse.com/about-us/en/reports-research/archegos-info-kit.html) (CS) +* [SEC Archegos Complaint](https://www.sec.gov/news/press-release/2022-70) (SEC) +* [CFTC Archegos Complaint](https://www.cftc.gov/PressRoom/PressReleases/8520-22) (CFTC) +* [Department of Justice Complaint](https://www.justice.gov/usao-sdny/press-release/file/1497216/download) (DOJ) + +If there's material information elsewhere let us know in the comments so I can add it. + +Shout out to u/DigitalArts for [this excellent DD from last year](https://www.reddit.com/r/Superstonk/comments/ox7p7a/wut_doing_credit_suisse/) tearing apart and explaining the CS Report. It was so good I didn't pick the report back up until the indictments were filed in April, and a lot of my background knowledge came from their post. + +&#x200B; + +# I - Overview + +In the wake of the COVID crash of March 2020, Archegos shifted its balanced short/long strategy toward the long side, primarily through the use of a type of security-based swaps that we know as Total Return Swaps. + +They amplified this wager by secretly opening the same long swaps at up to a dozen counterparties, including Credit Suisse, Goldman Sachs, Nomura, Morgan Stanley, UBS, MUFG, Mizuho, Wells Fargo, and Deutsche Bank. Archegos constantly lied to each counterparty about both its overall holdings as well as its wagers with other banks. + +I've gathered the following info about the counterparties and their losses by lining up publicly available information with the coded information in the complaints. As a result of Archegos's default on or around March 25-26, + +* Credit Suisse lost $5.5 billion (CFTC Counterparty 3) +* Nomura lost $2.9 billion (CFTC Swap Counterparty 5) +* UBS lost $774 million (CFTC Swap Counterparty 4) +* Morgan Stanley lost $1 billion +* Mitsubishi UFJ Group lost $300 million +* Mizuho lost $90 million +* Deutsche, Wells, and Goldman “reported immaterial losses” + +If you can identify other counterparties, please let us know in the comments, as I've only identified nine but the reports suggest there were more. + +Credit Suisse is the only bank to release a report as far as I know, so we can only infer or guess as to what the other banks were doing, but Archegos's ongoing phone calls with different banks suggests they were playing the same game with everyone, depending on each bank's appetite for risk and/or breakdown of their internal risk management systems (as happened at Credit Suisse). + +&#x200B; + +# II - Legal Standing + +[According to the Department of Justice press release on April 27, 2022](https://www.justice.gov/opa/pr/four-charged-connection-multibillion-dollar-collapse-archegos-capital-management), Bill Hwang and Patrick Halligan have pled not guilty to one count of Racketeering, nine counts of Market Manipulation and Securities Fraud, and one count of Wire Fraud, leading to the release of the indictments. They face up to a cool 400 years in prison. + +Scott Becker and William Tomita, Archegos executives, have pled guilty to certain of the charges, with sentencing of up to 20 years per charge still to come. + +&#x200B; + +# III - Archegos's Portfolio (March 2020 – March 2021) + +**Quick Facts** + +* Assets Under Management increased from $4 billion in September to $36 billion in March (SEC, para. 1) +* Portfolio increased fifteen-fold over the year (CFTC, para. 1) +* Bias spikes from 45% long to 75% long from March to September 2020 (CS, p. 75) +* Created hundreds of long TRS on single-name securities with ten counterparties (CFTC, para. 24-26) +* Created 256 short ETF swaps with nine counterparties worth $19 billion notional value (CFTC, para. 27) +* Created 185 short basket swaps with six counterparties worth $33 billion notional value (CFTC, para. 28) +* Long side transitions from large cap (MSFT and AMZ) to small cap and Chinese ADR issuers (SEC, para. 54-60) +* Short side transitions from Spy and QQQ puts to “sizable short swap positions” in ETFs and custom baskets + +&#x200B; + +**What We Know (and Don’t) about Archegos’s Portfolio** + +Between March 2020 and March 2021, Archegos inflated its assets under management (AUM) from $4 billion to $36 billion. They did so by lying to “about a dozen” security-based swap counterparties and prime brokers, as well as engaging in manipulative trading to artificially move the market. + +From para. 4 of the SEC Complaint, + +>“Archegos effected this scheme by dominating the market for its Top 10 Holdings, as well as by “setting the tone” (i.e., engaging in large premarket trading), bidding up prices by entering incrementally higher limit orders throughout the trading day, and “marking the close” (i.e., engaging in large trading in the last 30 minutes of the trading day) and by other non-economic trading, all with the goal of artificially inflating the share prices of its Top 10 Holdings.” + +Its Top 10 Holdings changed dramatically over the course of the year, particularly on or around September 2020. + +Again from the SEC Complaint (para. 53), + +>“Hwang directed Archegos’s long exposures to be moved away from highly-liquid, larger cap issuers toward less liquid, China-based issuers, as well as relatively smaller cap U.S. media and technology companies.” + +Whereas before they were heavily long on tickers like Amazon and Microsoft, considered low risk investments, by March 2021 this is what their Top 10 Holdings looked like, + +&#x200B; + +[Tickers with ADR are Chinese companies traded on US exchanges](https://preview.redd.it/82qo21yk81791.jpg?width=858&format=pjpg&auto=webp&s=2b00f180098b46c3734c2db4d948b345eca6e80d) + +This is key because the less liquid a stock, the easier and less conspicuous it is to manipulate the price through what the Complaint calls “non-economic trading” (i.e. the ponzi scheme). In addition to low liquidity, Archegos was able to control a significant number of outstanding shares through a combination of shares and swaps. + +What does it mean to “control shares” through derivatives like swaps? Well, look no further than [Susquehanna/G1's latest Gamestop 13G](https://gamestop.gcs-web.com/node/19611/html), where their ownership is listed as around 3 million shares but they only own 94,000. The rest is in Call options, another form of derivative that counts as ownership by regulation. + +The SEC Complaint details just how concentrated Archegos’s positions were by the end (para. 58), + +* GSX Techedu – 70%+ of outstanding shares +* Discovery A – 60%+ of outstanding shares +* IQIYI – 50%+ of outstanding shares +* ViacomCBS – 50%+ of outstanding shares +* Tencent MEG – 45%+ of outstanding shares +* Discovery C – 30%+ of outstanding shares + +Rather than Calls, though, Archegos was using Total Return Swaps to leverage their control over these securities. + +&#x200B; + +**How Leveraged Were They?** + +Quite a bit, and it grew over time, particularly from September 2020 on. + +**In March 2020:** $19 billion gross exposure on $1.6 billion invested, $7 billion net long + +**By March 2021:** $160 billion gross exposure on $35 billion invested, $52 billion net long + +Their gross exposure included: + +* $86 billion in long TRS positions referencing single securities +* $32 billion in custom basket swaps +* $14 billion in ETF swaps +* $20 billion in long cash securities +* $8 billion in *short swaps referencing single securities* + +&#x200B; + +**tl;dr -** Archegos took an $800m loss during Sneeze Week, when at the behest of Credit Suisse they had added “over $1bn of shorts at the end of last year because we asked them to start balancing out their book.” (CS Report, p. 109) Due to Archegos’s long pumping they had $900 million in excess margin sitting at Credit Suisse, however, so the bank just moved that amount from Column A and Column B and moved on. + +When some risk analysts suggested Archegos re-post the lost margin, others in the organization balked, partly because Archegos “continues to bring us shorts” and had always been good for it. (CS Report, p. 110) + +If you enjoy farce, try reading the Credit Suisse report. It's *Noises Off: Wall Street*, and every bit as entertaining. + +&#x200B; + +# IV - The Archegos Scheme + +How did Archegos increased their assets under management by $32 billion in six months? + +Archegos’s story has all the hallmarks of a ponzi scheme mixed with [garden variety social media stock manipulation schemes](https://www.justice.gov/usao-ndga/pr/new-jersey-based-trader-admits-involvement-options-trading-scheme). Except this time the targets of the scheme were banks, not retail traders. And instead of options, they were using swaps. + +&#x200B; + +**The Swaps** + +Total Return Swaps, the kind utilized by Archegos, are a bet on the direction a stock will go. A long swap is one in which the gambler (Archegos) gets paid if the stock goes up. A short swap is one in which the gambler gets paid if the stock goes down. The bank gets paid either way. ([I broke it down further in a post last year](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/).) + +The CFTC Complaint gives an overview of their swaps portfolio (para 26): + +>Archegos Fund entered into TRS referencing single-name securities, as a receiver, with at least ten different Swap Counterparties. The vast majority of these single-name TRS positions were “long." +> +>In addition, in order to hedge the risk imposed by its long single-name TRS exposure, Archegos Fund entered into TRS positions that were based on: (i) ETF Swaps that provided exposure to indexes of hundreds of component securities; and (ii) Custom Basket Swaps which were designed to closely mimic the same broad-based securities indexes as the ETF Swaps. These Broad-Based Security Index Swaps were “short” positions. + +By March 2021, Archegos had $86 billion in gross exposure to long TRS positions referencing single securities, concentrated in their Top 10 holdings (see above). + +Here’s a picture of how Archegos’s long swaps functioned. + +https://preview.redd.it/ghhk5i7791791.jpg?width=833&format=pjpg&auto=webp&s=4add97529aa657a1930525c5e7ca168c60371743 + +The reports tell us that a counterparty would hedge these long swaps by purchasing the underlying (going long), so that payments would be offset by ownership. + +>For example, when Archegos Fund purchased a long swap referencing $100 million of GSX Techedu Inc. stock, a Swap Counterparty would typically hedge the swap by going into the market and buying $100 million of GSX stock. In this way, from the Swap Counterparty’s perspective, the combination of Archegos Fund’s long TRS and the Swap Counterparty’s cash position hedge would be market neutral—any amount that the Swap Counterparty was required to pay to Archegos Fund under the terms of the swap would be equal to the amount that the Swap Counterparty would receive through direct ownership of the actual stock. (CFTC, para. 29) + +**Because the counterparty to a long swap is naturally short, banks hedged** ***their side*** **of the long swaps by going long on the referenced securities.** While this hedges the play based on market risk (the banks are protected whether the asset goes up or down), the issue was *credit risk*, or the risk that Archegos couldn’t pay its debts if things went wrong. Credit Suisse’s problem was that it didn’t take credit risk seriously, and not only because of Archegos’s lies about its exposure. + +&#x200B; + +🚀 + +What the reports don’t tell us is whether or not the short swaps were hedged in a similar way. They do, however, give us some clues about the Assets referred to in the short swaps. + +By March 2021, Archegos had $54 billion in gross exposure to short TRS positions based on ETFs, custom baskets, and single securities. + +Here’s a picture of how Archegos’s short swaps functioned. + +https://preview.redd.it/sf7rj88a91791.jpg?width=1367&format=pjpg&auto=webp&s=82b0cc4371242ce9ab488d849bbfa93e2f27e398 + +Could GME have been referenced in these short swaps on the back end of the sneeze? Absolutely. None of the documents confirm this or give direct evidence, but we can infer it from a few key revelations. + +The SEC Complaint suggests that Archegos was short primarily or completely “through short exposures to ETFs and custom baskets.” (SEC Complaint, para. 27) + +It also states that Archegos suffered significant losses on or around January 28th (para. 106) + +The Credit Suisse report has this to say on p. 110: + +>“You’ll recall they took an $800mm+ PnL hit in CS portfolio during “Gamestop short squeeze” week \[at the end of January\]. We were fortunate that we happened to be holding more than $900mm in margin excess on that day, so no resulting margin call. Since then, they’ve pretty much swept all of their excess, so think the prospect of a $700-$800mm margin call is very real if we see similar moves.” + +Then in Footnote 116: + +>“In January 2021, an historic rally in GameStop Corp. shares sent the company’s stock price from $19 at the beginning of the year to an intraday high of $483 on January 28. At the same time, numerous large investors held short positions in GameStop stock, and demand for shares among short investors seeking to exit their positions drove the share price even higher.” + +So, the week of Jan 28th, 2021, Archegos had $900 million in excess margin at Credit Suisse. What does this mean? Swap contracts are leveraged, meaning that to open a long swap on $100 million of GSX stock they simply have to deposit around $5 million with Credit Suisse. If the price goes up, CS adds funds to Archegos’s “excess margin” account. If the price goes down, it takes money from excess margin to get whole. + +Archegos began their long ponzi in earnest around September 2020, so by January they had built up a $900 million credit with Credit Suisse. The Sneeze took $800 million of that in one day, and Credit Suisse did not ask them to replace it. + +When some risk analysts suggested Archegos re-post the lost margin, others in the organization balked, partly because Archegos “continues to bring us shorts” and had always been good for it. (CS Report, p. 110) + +https://preview.redd.it/v8safp6f91791.jpg?width=486&format=pjpg&auto=webp&s=7181b96bda912889d76b1c21c7ed13acea978acb + +🚀 + +Here’s a rough timeline of the scheme. + +It starts **in May 2019**, when Archegos negotiated initial margin terms THREE TIMES lower than standard. At this point they were primarily long in shares and short in swaps, “slightly short-biased” according to Credit Suisse. + +>“CS rationalized these changes on the grounds that Archegos was running a long/short strategy and its short swaps acted as a hedge to its long cash positions.” (CS Report, p. 131) + +Credit Suisse did this for one stated reason: they were scared of losing Archegos’s business. They also got Archegos to sign a new master agreement, which would shield CS from regulatory requirements based on the new margin terms. + +**In February 2020**, Archegos transitioned from 50/50 long/short to 70/30. This long bias “fluctuated between 63% and 95% until its default” (CS, p. 75). + +&#x200B; + +https://preview.redd.it/0ful2gq7a1791.jpg?width=687&format=pjpg&auto=webp&s=ac703b781b2403032cb90b209fb5acbae8d09a02 + +Credit Suisse responded by asking them to short SPY and QQQ, which Archegos refused to do other than a single week in March 2020. Guess which week? + +[Lucky Guess!](https://preview.redd.it/68fe3cv6b1791.jpg?width=500&format=pjpg&auto=webp&s=dd12f48ffb2988a656cea1783359686d48ebf3fe) + +This process of CS asking Archegos for more information or collateral and Archegos either saying “No,” lying, or just Hwanging up the phone continued for the entire year. + +**May 2019**: Negotiates 2/3 reduction in margin requirements (from 20% to 7.5%), CS pays Archegos “substantial excess margin” (not reported but I’d estimate $500 million) + +**November 2019:** CS doubles Archegos’s exposure limit and fails to downgrade their credit rating, despite a 40% decline in the net value of their assets (Archegos is in trouble) + +**March 2020:** After adding “some index shorts” (likely SPY and QQQ), Archegos has $1.6 billion invested, $10.2 billion exposure (risk to the bank), and is well past CS’s internal risk limits + +**July 2020:** Archegos has $600m net scenario exposure at CS against a $250m limit. Its total potential exposure is $530 million against a $20 million limit. It remains in breach of these limits until default + +**August 2020:** Holdings at $9.5 billion, with 74% of their long position in swaps at 5.9% margin rate (lower than even the 7.5% negotiated the previous year!) + +**September 2020:** Despite more lax scenario calculations, Archegos remains at $500 million (of $250 million allowed) in exposure. Still, CS agrees to renew the long swaps at 7.5% margin while Archegos adds EVEN MORE long swaps + +**December 2020:** Archegos continues to add to its positions, and starts adding new counterparties to the mix. Archegos is lying to all its counterparties about its investments and liquidity, but they agree to add $1 billion in custom basket shorts with Credit Suisse. Wonder what was in the basket? + +**January 1 2021:** By the start of the year, Archegos has $7.7 billion invested with an exposure of $54 billion. So they’ve put in $6 billion, increasing their leverage with the bank while dramatically increasing their risk. Credit Suisse responds by raising Archegos’s exposure limits while also downgrading their credit + +**January 28th 2021, “Sneeze Week”:** Archegos loses $800 million (just at Credit Suisse), indicating a large short position in the meme basket and affiliated ETFs + +**March 11:** Oblivious to the ongoing ponzi scheme with Archegos’s long swaps, Credit Suisse once again pays Archegos $2.4 billion in excess margin while opening $1.48 billion in new long positions + +**March 12:** Credit Suisse renews $13 billion in long swaps at the 7.5% rate, leading to one of my favorite lines from their report (Footnote 128), + +>“In addition, it appears that on March 12 Archegos renewed swaps in excess of $13 billion, with an original maturity date of March 29, 2021, for 24 months (with the same initial margin) at Archegos’s request. **CS documents suggest that the renewal was a mistake.**” + +**March 23:** Due to a 10% single-day drop in ViacomCBS, one of Archegos’s hidden long positions, they are underwater again. Rather than calling in margin, CS allows Archegos to open $2.6 billion in new swaps. Archegos’s capital is reduced from $36.2 billion to $32.7 billion, triggering $2.5 billion in margin calls + +**March 24:** Archegos has no cash reserves left by market open, and due to further drops in some of their hidden long positions (Viacom and Discovery) their capital drops from $32.7 billion to $16.9 billion + +**March 25:** Archegos’s capital decreases from $16.9 billion to $9.2 billion. They open *even more* positions to satisfy new margin calls and convene a group call with their largest counterparties. They now have only $10b in equity and $120 billion in exposure. Brokers decline to offer them further terms and the forced liquidation of Archegos begins. + +&#x200B; + +# Parting Thoughts + +By January 2021, Archegos was already in a death spiral but only they knew it. They added $1 billion in new shorts at the end of December, and were fielding daily calls from counterparties trying unsuccessfully to mitigate their own risk. Then the sneeze happened. Archegos lost $800 million from CS alone during sneeze week, but the CS report identifies them as only their “third largest hedge fund counterparty by gross exposure” (while ranking them in the “bottom third by credit rating” (CS, p. 137 and p. 103). + +All of this raises some questions, and I'm sure you'll have many more. + +What hedge funds had more than $160 billion in gross exposure with Credit Suisse early last year? + +If banks were hedging market risk by shorting the gross exposure value of these shorts, [as I theorized last year](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) before any of this was made public, then who do you think is holding the bag right now? + +Knowing the mechanics of swaps and hedging as we now do, can we reverse engineer the kinds of trades that would allow all that short interest to be hidden and renewed? + +Is this related to why last August [the CFTC delayed swaps reporting until 2023](https://www.reddit.com/r/Superstonk/comments/pfuuol/tell_me_youre_fucking_criminals_without_telling/)? + +And finally, to anyone that doesn't think there is hidden short interest on GME or that "crime" is taking place on Wall Street, I present this from the DOJ complaint, paragraph 4, + +>The defendant conducted most of his trading through derivative securities that had no public disclosure requirement. As a result, despite the size of Archegos's positions, **the investing public did not know that Archegos had come to dominate the trading and stock ownership of multiple companies.** + +&#x200B; + +They are hiding the data, but they can't hide the math. + +They can't hide the fear in their words. + +They can't hide their misinformation. + +Apes are not wrong. + +💎🙌🦍❤️🚀🪐 +https://www.bloomberg.com/news/articles/2017-08-30/bitcoin-exchange-sees-complaints-soar-as-users-demand-money + +You think if you make 1mm its going to be super easy to get that out in 10k chunks every week where half the time coinbase tells you to fk off. +I was shocked, sad, and scared when I read this [post](https://www.reddit.com/r/mildlyinfuriating/comments/pvz8rm/my_grandmas_lunch_at_her_new_senior_living/) today on Reddit. Based on many emotional comments there, it seems not uncommon that the elderly had a tragic life when they were sent to a nursing home, where I thought it was supposed to provide professional care service to those needed. + +It makes me start to think about my family. For my aging parents, I'm not sure if I can look after them when they need long-term care. For myself, I have no idea how to have the last few years of my life with quality and dignity. While I'm approaching fatFIRE, after reading the aforementioned post, I even don't know if it's a problem that can be solved by money and how. + +The fatFIREd, what's your plan? +What Is Robo Inu Finance (RBIF)? + + +Robo Inu Finance is a community-owned cryptocurrency inspired by NASA. + +Robo Inu Finance endeavors to create an open-source ecosystem which allows everyone to gain financial freedom. Recent market studies have shown that blockchain technology is bringing innovation by replacing any third-party or broker interference. However, the existence of intermediaries cannot be ignored. Thus, Robo Inu Finance is building a platform that seeks to ensure fairness and provide a reliable environment for digital asset transactions. To achieve this, Robo Inu Finance has integrated a smart contract into its protocol. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. + +In addition, the platform also seeks to facilitate cross-border transactions by leveraging blockchain technology, meaning that the users can convert their crypto assets into traditional currency and send it to their friends and family residing anywhere in the world. Further, the inspiration behind creating Robo Inu Finance is the famous NASA story of launching Robo dogs to Mars. + +Moreover, the Robo Inu Finance ecosystem seeks to revolve around the following features: + +RoboWallet: This wallet aims to allow the network users to store all currencies, RBIF tokens (the native currency of Robo Inu Finance), and other crypto assets. + +Robolaunchpad: This launchpad is an incubator for all potential projects with real use cases. The launchpad seeks to make sure that the Robo Inu Finance ecosystem stays safe from scam projects. + +RoboNFT Marketplace: The platform has integrated a market-leading digital asset exchange that seeks to organize daily auctions for NFT (non-fungible token) products with RoboWallet. RoboWallet is capable of holding the NFT collectibles. + +The official token for Robo Inu Finance is RBIF, and it is an ERC-20 token. The platform utilizes a small tax fee for every RBIF transaction in order to continuously support the Robo Inu Finance ecosystem +There was a post a few days ago from a stable genius about purchasing the 1k homes in Detroit to create an autist shrine. I'm a cuck and my boss made me come in on a Saturday, so I decided to do some more DD on this investment opportunity. I created an account at [buildingdetroit.org](https://buildingdetroit.org) and it turns out that Detroit city employees can get these homes for 50% off. The land itself has to be worth more than $500. I am proposing that the WSB community apply for positions within the Detroit city government. First, we need to get some autists to work in the HR department. An unlimited amount of positions could be created within the government. We are also going to need some autists to work in the tax department so that we can get rid of the tax liens. There also seemed to be some concern about the asbestos issue in the original thread. The asbestos would give us access to mesothelioma money you always hear about on TV, which could, in turn, be yeeted back into the market. I don't see how this could go tits up. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Edit: When did you make the shift? + +Edit 2: I mean being FAT, as in having money vs spending it (Living FAT). + +Hello all, + +I am not sure what happened but I have decided I need to live a little. Maybe it was all the posts of people saying life is short, or the confidence folks have in their plan, but I have just been building for so long I haven't stopped to enjoy the fruits of my labor. Thanks to everyone here for helping me in the journey. + +&#x200B; + +7.7M 85/15 Equities/Bonds + +1.2M House (Paid off) + +500-600k /yr in W2 + +Going to get the cars I want, vs the practical ones. Jeep Rubicon 392 and Audi RSQ8. I have always kept saying "later" and holding off. While I am not ready to retire, I am going to enjoy the last few years of working. + +&#x200B; + +Thanks all! +My amazing boss just put in her notice today. Personal reasons, but it was a logical decision for her. I've been similarly unhappy and frustrated with the company myself for several months, not just because of Covid and the industry we're in. Covid just made it way worse. Everyone has been jumping ship it seems. I am 1 month away from being halfway through my first pregnancy, and my plan was to stick around through at least after my maternity leave and then start seriously looking around. But now that she's leaving, I am fearing maybe it's time I jump ship now too and at least start looking. + +How unwise would it be to leave now and possibly pay more out of pocket bc of lack of benefits/PTO versus tough it out until May-ish 2022 and find something better? If it helps any, I can easily find a higher-paying job anywhere in my city, so the hunt for a new role would hardly be difficult. It's just that transition and loss of benefits would be extremely difficult on me/us during an already exhausting time (physically at home and mentally at work). Also, my new boss for now will be fine, and if my tasks stay relatively the same I can probably tough it out without much difficulty. It would just be frustrating the whole time. + +Update: thank you all for the amazing and insightful comments! I think I'll stick it out and reconsider choices right before/after the baby comes. Loss of benefits/insurance could be really tough on us, not to mention the job transition in Covid and having to take maternity leave. I think I already knew this was the answer but wanted to make sure I wasn't being a crazy pregnant lady lol +We get it. Your government can potentially \*\*\*\* this up for everyone. *Like real bad.* + +But is this the place where you need to shill your favourite political party and share the same overused "this party bad, this party good" rhetorics? No. There are so many of us that don't give an absolute donkey's ass about why you think one party is better than the other. They are both awful and you're kidding yourself if you think **either** of them has you or your favourite crypto's best interest in mind. + +By all means, it is important that many of these topics within the political sphere are discussed and opposed when they threaten the future of our financial independence, freedom of information, etc. + +But really, it gets old fast when you all inject your political views into things. If you're going to constantly look for reasons to hate on a political party, but not actually address the underlying REASONS both parties are equally corrupt when discussing crypto, you're not helping the issue, you're *part* of it. + +/rant + +*Edit since this blew up way more than I expected:* + +Yes, I recognize crypto in its nature is somewhat political since it's tied to money and ultimately affected by monetary policy. I'm not saying don't talk about it. + +My point was that it gets old when people use every little thing in the crypto space as a means to support and reaffirm their political bias for one party or another when it's clear they are *both* paid for by the very same people who likely don't want crypto to happen. +Yes that is right. There is a float of 46.89 million shares, as of writing this we have 7.3 million subs. If the average WSB sub owned 6 shares we would own the entire float of the stock. The shorts can squirm as much as they want but the only way out would be to buy back at the price that the share holders are willing to sell for. It was reported that OVER HALF of robinhood users had shares of GME last week, that is 6.5 million users with shares. We are getting very close to cornering the market, I think that may have contributed to the shenanigans at the end of the week. Prepare for more incoming this week, but if we hold the shares we hold the power. Power to the players. If you think owning only a few shares doesn't make a difference it does! 6 shares each and we own the whole thing. I love this stock I love you guys. Please share this if you also love this stock. +Edit: + +Also forgot the 🚀🚀🍌🐒💎✋ + +EDIT 2: Hey thank you all for the awards! Now I gotta figure out what they do! Can I trade them in for GME shares cause I LOVE this stock! +Hello all, + +Long time lurker here. Anyway I got caught up in the GME hype and bag holding BB shares at $22.25/share(CDN). Sold a 17c Mar 19! Looks like I will be doing this forever HAHAHA + +I also have no one to tell about my excitement as my friends and family don't care about options so might as well tell you guys! Love this sub! + +Edit: Thanks for the kind words and advice! Just wanted to mention that I netted $30 profit after commissions...Peanuts but I'm learning +The tenant I evicted moved across the street and proceeded to destroy the unit. + +Unfortunately, I don't have enough proof however, the dumbass moved his junk car to my property and left it there. So now in solidifies that it was him/them. + +I'm planning to completely renovate and gut the place out anyways so I'm not too mad however, he's been a menace and continues to destroy the house. I'll be walling up the place and boarding up the place after the complete gut out. + +What worries me is after I completely renovate the unit and he breaks my new windows and messes up my new paint. + +What should I do? If I make a police report, I'm worried he'll/they'll create a bigger nuisance. In the near future during the renovation phase, I will be installing cctv and really closely monitoring the occurances to get him redhanded. + +Any advice from landlords? How do I get him out of the neighborhood? The neighborhood I'm in are filled with nice houses 500k+ except his and mine (which will change after the reno). + +Edit: I've contacted landlord of other building and he said he will "talk to the tenants". I doubt it'll mean anything. + +&#x200B; +How wide do you like to make your spread? Do you keep it tight to limit losses? If things go south, or make it wider to increase the profits on the premium? It seems like if the strikes are to close when I go to close them before expiration there’s not a lot of meat left. But I also don’t want to risk the underlying dropping on me right before expatriation because it makes it expensive to roll. Thanks for any ideas in advance. +Hello everyone. + +Please pardon my noobness, but I'm still learning about trading and during this phase it is important to resolve any doubt, even if the question sounds stupid. So a few days ago I discovered [OptionStrat](https://optionstrat.com/), a very nice website which allows you to create several option strategies and visually see how they may play out. + +I was playing around with Bear Call Spreads. For instance, let's take the following SPY example: + +&#x200B; + +https://preview.redd.it/193p6ftaj8c81.png?width=964&format=png&auto=webp&s=72716099c111bee02bdaf40739925672b99902ab + +Buy a 465 Call, Sell a 460 Call. + +According to the website, there is an estimated margin of $500, and a max loss of $136. Also, the max profit is $364, which obviously is the same as the credit I would initially get. + +My questions are: + +1. What does the max loss represent? My interpretations is that it is the amount of money I would lose if the price gets beyond the breakeven point and I close my position before expiration +2. What does estimated margin represent? My interpretation is that it is the amount of money I would lose if one, or both, calls are exercised either at expiration or before + +Any help is highly appreciated. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I was in a hurry and generally panic about my dog’s health (dog mom problems :p) and paid $300 last May for my dog’s regular vaccines from my usual vet.... his heart worm test was due this month so I finally decided to check out Petco’s Vetco . It was $39 for a heart worm test and three other tick-borne illnesses. + +For fun I checked the price of vaccinations and I could have saved over $200 last May if I just went to Petco. Their price for the vaccines my dog received last year is $69. They also do microchipping for $20. + +These are HUGE savings for a healthy pet!! ❤️ + +[Petco Vetco Link](https://www.vetcoclinics.com/services-and-clinics/vaccination-packages-and-prices/) +[link](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwi_2q33ourwAhUxIjQIHRlvCMAQFjAAegQIBBAD&url=https%3A%2F%2Fshareholder.ford.com%2Finvestors%2Fresources%2Fdefault.aspx&usg=AOvVaw1AloXhdbbrkLuCEEAgYSLk) + +Wish I would've known before. Maybe everyone else knows. A bit salty since we already bought a mach E and just started investing in Ford a couple days ago. + +Hopefully this will be of some use to current shareholders or even someone on the fence. Seems like it could even pay for itself for people who buy a new pickup every 3-4 years. + +Copy and pasted from the site. + +Ford Motor Company offers the “Friends and Neighbors” pricing discount to our qualifying shareholders. To be eligible, you must show you are a current Ford Motor Company shareholder who has held a minimum of one hundred (100) shares of Ford Motor Company stock for at least the past 6 months. We call this discount the Shareholder X-Plan Program. + +The application for a shareholder X-Plan Pin (X-Pin) can be found at the link below. All further instructions are included in this document + +Shareholder X-Plan Program + +You can also obtain the application and submit additional questions about how the plan works by contacting the AXZ Headquarters using the contact information below. + +Contact AXZ Headquarters + +Telephone: 1-800-348-7709 + +Email: axzfaxes@ford.com + +edit: for every expert haggler able to get the dealer to make $0 profit because they always pay dealer (invoice) cost, instead of dealer price (MSRP), then this won't save you much. For everyone else, this will take a couple thousand off of MSRP, which is different than invoice price. Invoice price is dealer cost. +Sort by new. 1 post 1 minute ago. Another 4 minutes ago. Next one is 6 minutes ago. 30k apes online as we speak. There's no way we all just went mute. No Daily Discussion thread. Wtf is happening? Is it the mods? Reddit itself? I'd be surprised if anyone even sees this post at this rate. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Saving 1k+ for 10 year. What should I do with it to? + +so I can currently save 1k a month most months with my current outgoings. + +In 3 years I will be mortgage free which gives me £600 spare cash. Plus some loans will be finished and other outgoings. So basically I will be 1k better off which I’m wanting so bank. Plus spare cash that I currently bank. Possibly 2k a month + +in 3 year I’m 38. Plan on moving to Thailand about 48. gives me 10 year of saving a good chunk of money. I’m in a good pension but I don’t want to put the money in there each money as I won’t have access to in until I’m 57 even tho I will save on tax if I did. + +any advice would be appreciated. as to what to do or where to put my money to get maximum gains from now until I’m 48 +Just wondering I mean these are both old ideas from like the 17th and 18th century. With modern science, computers and ability to simulate complex environments can we not develop a economic system that provided everyone a quality like with enough time and ability to fulfill their personal desires. Can we not create virtual environments where thousands of people can participate and we can test out different economic models and variations on our own. When politicians say they will raise/lower taxes/spending can we not provide people an opportunity "try out" different economic policies and methods? +Keen to have a reddit gauge about which sectors are impacted the most by COVID pandemic in the last two weeks. Maybe people can share tips for getting a new job or getting by while the wave is surging. + + +*Edit from comment:* + +Hey OP, could you perhaps edit your OP to add that The Salvation Army (+ many other orgs) provide immediate financial support including food vouchers to those in need. I believe there's an office in every CBD. This could be tide impacted people over until Centrelink makes the first payment. + +https://www.salvationarmy.org.au/need-help/ + +https://www.redcross.org.au/get-help/emergencies + + + +"Australians who are laid off as a result of the coronavirus outbreak will be allowed to pull money out of their superannuation, Scott Morrison announced on Sunday. + +Withdrawals will be capped at $10,000 this financial year, and a further $10,000 next financial year, and will be tax-free, the prime minister and his treasurer, Josh Frydenberg, said. + +The withdrawals will be available from April to those eligible for the coronavirus supplement as well as sole traders whose hours or income has fallen 20% or more as a result of coronavirus." + +https://www.theguardian.com/australia-news/2020/mar/22/australia-is-easing-superannuation-access-for-those-worst-hit-by-coronavirus-but-can-we-afford-it +I don’t earn very much but where I work your salary band has 6 different pay grades and you automatically move up to the next one each year. In April I’ll be moved onto the top of my salary band meaning I will never earn more than this unless it’s a union agreed pay rise (which would be rare as I’m in local government.) + +I don’t really want to change jobs, I’m a person who likes to stick to the familiar, and while I don’t love my job by any means I’d be terrified of starting a new one as I get quite bad anxiety. + +My issue is that as I already mentioned I don’t earn very much, I live alone and currently can afford everything that I need to (thanks to having a flat via housing association), but I keep worrying about the fact that I only moved into my own place in June last year and my living expenses have increased several times already - plus as we all know the cost of energy is increasing and I’ll also take home less money from the tax rises. + +Basically what I’m thinking is if the cost of living keeps increasing how it has for me in just the last year and I’ll stay on the same salary then surely eventually my expenses will be more than I can afford. +https://np.reddit.com/r/btc/comments/7jt1tp/i_am_searching_for_an_android_bitcoin_cash_wallet/dr8ybxy + +Roger Ver alias /u/memorydealers who owns and operates bitcoin.com does not explain why this wallet behaves this way. + +Anyway, there is no reason! If a wallet cannot generate a private key due to missing network connection, it is either due to malware or due to incapable developers. Both is bad for a Bitcoin wallet, so stay away! +# Hello fellow apes! 🦍 + +First of all, this is not financial advice. Do not take anything I say here as the absolute truth. Make your own due diligence and take your own conclusions. + +All of you know, GameStop released its proxy statement on April 22. I personally can not vote since I have my shares in eToro but **please**, vote as soon as you can. Your vote is extremely important and the board urged us to vote ASAP. + +I am feeling very anxious today. Rainy saturday here in Uruguay so I decided to [take a few hits](https://www.youtube.com/watch?v=AQ2WO_u0Ork) and do some DD on the proxy voting process of GME to keep that confirmation bias going. + +https://preview.redd.it/m48drdf9i7v61.png?width=800&format=png&auto=webp&s=2e38aac59868545af595b0a7c3c2062571109589 + +I've been **JACKED TO THE TITS** since the 14A filling because the **final vote count** can show how there are much more *"shares"* than the real available float, proving beyond any doubt the naked shorting and manipulation that we all know is taking place. + +So, you may be wondering: ***Do we have to wait until the shareholder meeting date for the truth to be uncovered?*** + +# I think not. Or at least that's what this DD is about. Let's get into it! + +https://preview.redd.it/44seg2lzo7v61.png?width=628&format=png&auto=webp&s=3e90360a0a6720c717bdf06907e0486cda9c12c9 + +# How are the shareholder votes counted? + +This is actually stated in the [proxy document](https://sec.report/Document/0001193125-21-126940/#toc122967_28), page 12: + +>**9.  Who Counts the Votes?** +> +>We have engaged Computershare, our transfer agent, as our inspector of elections to receive and tabulate votes. Computershare will separately tabulate “for” and “against” votes, abstentions and broker non-votes. Computershare will also certify the results and determine the existence of a quorum and the validity of proxies and ballots. + +Okay so let's do some research on Computershare! If we go to [their website](https://www.computershare.com/) we can see they do a lot of things, but we specifically want to focus on the proxy voting specifics. + +This is not about the count itself, but it's nice: [GameStop is prepared to have a virtual shareholder meeting](https://www.computershare.com/us/business/issuer-services/shareholder-meetings), supposedly using the latest tech. + +Ok, back to the count. In the "Business" menu, we can see there is a section for "Corporate Governance & Proxy Services". Here there are links to different pages showcasing the different capabilities of Computershare's Proxy Services. + +[Computershare site showing the shit ton of things they do](https://preview.redd.it/da6g1jryi7v61.png?width=2414&format=png&auto=webp&s=20285720242cf11a76728cd5131e9e31a9cea6a8) + +We are interested in the [Optimize corporate issuer proxy outcomes](http://www.georgeson.com/us/business/proxy-solicitation/prepare-for-shareholder-meetings) section specifically. This links takes us to another site of a Computershare company: Georgeson. + +I believe Georgeson is the part of Computershare that manages the proxy services for [corporate issuers](https://www.investopedia.com/terms/i/issuer.asp), like GameStop. + +**Here is the juicy part:** + +[\\"During any live shareholder engagement program we closely monitor your votes daily using integrated vote tracking platforms. You get actionable, real time vote reports.\\"](https://preview.redd.it/4arhi4ccj7v61.png?width=762&format=png&auto=webp&s=2f0f766ea85d6bc4d3ad6cdee415f45726201d71) + +I believe the last sentence is extremely important. Let's dissect what it means: + +* **Real-time:** GameStop has access to real-time, live count of the votes. It's not like they have to wait until the voting process is over to know the count. +* **Actionable:** I speak English, but it's not my native language so I googled the definition of "actionable" just in case: + +[Basically, I understand it means that it can be used \\"in a legal manner\\"](https://preview.redd.it/1sse1xqer7v61.png?width=594&format=png&auto=webp&s=63b0dd9ec6538b3371991d01f73a6ee706d6e6dd) + +Also, in this ["Proxy Solicitation & Corporate Governance Solutions"](https://www-us.computershare.com/content/download.asp?docId=%7B9D6D5536-F0AD-4BF0-BECD-BA50A08971E1%7D&cc=US&lang=en&bhjs=0&theme=cpu) Georgeson PDF document: + +>**UPDATES ON VOTING RESULTS** +> +>Once voting results become available, **we will provide daily reports detailing the progress of the solicitation**. In addition, we are the only firm that provides **real-time tabulation updates** (including major unvoted positions) on the Internet, which you can access using a unique company code and password. + +# HOLY MOLY + +# So, basically this means that GameStop not only knows the live vote count, but they can also use the voting reports in legal action. + +If our theory is that GameStop will inform some entity of this issue and recall the shares (not really sure how that would play out, if someone knows please let me know in the comments) this implies that **they could legally do it as soon as they see that "*****the count is off*****".** + +&#x200B; + +[Hmm... The count is off...](https://preview.redd.it/08hffj05p7v61.png?width=352&format=png&auto=webp&s=73f646f7af7d645371caa31b08f53fd8f133a748) + +# BUT WAIT, THERE'S MORE! + +https://preview.redd.it/q21lai57k7v61.png?width=248&format=png&auto=webp&s=6f2387862d4c38576b1fe3e34252aabe95b6091c + +Georgeson has this amazing ["Annual Meeting Calculator"](https://www.georgeson.com/us/annual-meeting-calculator) that allows companies to have an approximate timeline reference of relevant events prior to the meeting. + +If we put GameStop meeting date, we can more or less predict what is the current status of the whole proxy voting thing. **I AM NOT SETTING DATES FOR THE MOASS**, but rather just trying to estimate where we are in the timeline. + +&#x200B; + +[If we were to follow the normal schedule, GameStop should have filled the proxy statement with the SEC on May 5.](https://preview.redd.it/cwx0xtk5l7v61.png?width=2262&format=png&auto=webp&s=40533aab2a209da5b16078e4014084125f419929) + +Okay, so we are early! I believe this means they are really doing their best to speed up things. **I like the stock.** + +According to the calculator, Georgeson should start sending GameStop voting reports **13 business days after the SEC filing.** + +# So we can estimate that GameStop should receive their first voting reports around 5/11 + +**EDIT 1:** It has been brought to my attention that I may have been reading too much into the "actionable" definition: + +>**By** u/umisen-yamasen +> +>(2) "actionable" isn't a term of art, it just means whoever uses their service can use/rely on the voting results generated quickly to pass resolutions, without having to tabulate the votes slowly. I am exposed to similar service providers such as this in my work and I can tell you that it is highly unlikely there is any double meaning here. + +&#x200B; + +**EDIT 2:** + +After doing some more research on over-voting, it seems that there are strategies in place to make the final vote count match the DTCC share count. I'm gonna do part 2 of this DD, clarifying things that I may have overstated here. + +However, I believe this makes sense for the voting process itself, but assuming a ridiculous vote count (like many times over the actual shares) GameStop can release this information, and we can put public pressure so SOMEONE makes something about it. + +**TL;DR:** GameStop will have access to a real-time vote count and daily reports around 5/11, and ~~it seems that those reports can be used in a "legal" manner.~~ + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I have invested in WOA🚀🚀🚀 and various electric car material stocks. +Does anyone know of anything else relating to climate change, healthy eating industry? +ROO looks crap. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +A small cap stock of around INR 400 Cr mkt cap, saddled with a debt of 231 Cr, and questionable management would normally be an automatic pass. But S. Chand is a name that most of us are familiar with. And the sector it operates in is evergreen, kids will go to school and need educational tools, no matter what the economy throws at us, perhaps except another extended Pandemic. So, here we go.... + +&#x200B; + +**Company :** Sultan Chand and Co. is primarily a publisher of school and college level textbooks. Originally from Delhi, they came up with a acquisiton based strategy to dominate the market in Eastern and Northern India starting from mid-2012. Initially they bought Vikas Publishing House, New Saraswati House, and Madhuban, followed by acquiring a majority stake in Chhaya Prakshani, a leading Bangla textbook publisher, in early 2016, for about 220 Cr. They acquired the remaining shares of Chhaya Prakashani in 2019, just before the pandemic. + +&#x200B; + +**Ed-tech :** S. Chand invested a seed capital worth about 8% of Testbook, a govt. service preparation website, in 2015. Recently they have come up with quite a few online educational platforms and apps. These started with MyStudyGear and MyleStone before the pandemic. During the pandemic, they came up with another app called Learnflix. They are also supposed to launch a Bangla version of Learnflix called Learnflix Bangla by Q2 next year. These are amalgamated within a single wholly owned subsidiary called Convergia, that will go into funding rounds as the pandemic eases out. + +&#x200B; + +**Finances :** The company eyes a topline in excess of 500 Cr in FY 23 from book sales. Currently the company has an outstanding debt of 231 Cr, and has to pay roughly 30 Cr every year to service the debt. Recent restructuring saw debtor days being reduced from a high of 311 to 243 this quarter, which is still higher than it was before the acquisition of Chhaya. + +&#x200B; + +**What I do not like ?** + +&#x200B; + +1. **Steadily increasing debtor's days until Covid** : A Sign of poor management. S. Chand was not teaming up with right distributors. Alhough they have recently improved, 243 days is still way too much. I would very much like a detailed geographical spread of debtor's days. There are reasons of course, in 2017, it could be ascribed to demonetisation, in 2018 to GST birth pangs, and recently due to Covid. Still what I suspect is that S Chand is steadily moving down the value chain, rich kids increasingly study more from other resources, and consequently they have to rely on more iffy dealers in smaller towns. However, I need hard data on this. +2. **Too many products :** Their Edtech venture (what they call S Chand 3.0) is a mess in my opinion. There is zero consistency. They first pushed mystudygear app as supplementary resource for their books, it got 23000 votes on Google play, and instead of capitalizing it, they make another app called Learnflix. And when you think that's not messy enough, they have another site called Mylestone. Their Bangla subsidiary has its own Chhaya app. And now there's the talk of a Learnflix Bangla app on top of it. This is ridiculous. Why can't you have a single app instead of so much clutter ? Easier brand recognition, simpler access, isn't that supposed to be good ? +3. **Big talking management :** In every annual report and concall since its IPO, there is one thing constant, management making bombastic claims. Their basic claim is that the GST + Pandemic has ruined smaller players in this segment, and they are ideally placed for a disruption in the curriculum in FY23 which would render much of the pirated + second hand book market obselete. But the first claim is false, Navneet has posted good numbers through GST, and the second is iffy, especially since the Mamata govt in WB (where Chhaya has a very nice moat) is very unlikely to adopt NCF recommendations. And even if they are right, change in curriculum is a one time thing. + +&#x200B; + +**What I do like ?** + +&#x200B; + +1. **Reputation and B2B approach :** S. Chand has a long history, and they are trying to fight Byju's by levering it to cater to a slightly different audience. They will approach schools and get subscriptions for Learnflix from schools themselves (instead of Byju's B2C approach). I recently learnt that some DPS schools have been roped in for this. Right now they are temporarily offering a B2C approach as well, and the reviews seem to be good. They offer subscriptions for around 2-3K, which is far less than Byju's. In a place like WB, where income is low, and people spend slightly more on education, this can be a game changer if they do not somehow piss of the ruling party. +2. **Evergreen Sector :** Kids will go to school, schools will require resources. And as tier-3 towns in India come up with more and more colleges, S.Chand's higher-ed books are going to remain classics. And Chhaya in WB have some iconic books, like S.N. De's post-secondary mathematics textbook or Maiti-Tiwari-Roy's chemistry textbook, which will be in demand for the foreseeable future. + +In summary, the company badly needs a competent CEO and decluttering. It also needs to branch out more to used book dealers to make a cut from that, since most of its popular authors are old or dead. Otherwise it's a good business available at a reasonable price now. Here are the possible situations I envisage, ranging from best to worst. + +&#x200B; + +1. Ed-tech finds big backing, gets good contracts from schools, and the book business carries on. In this case, potential multi-bagger. Probability in my opinion : 10% +2. Ed-tech lurches on, book business carries on with a small boost after NCF implementation, in this case the prices should appreciate at least 50-60% to current valuations. Probability in my opinion : 30% +3. Ed-tech bombs, book business shows no growth. In this case, should see a stagnant stock price. Probability in my opinion : 30% +4. Ed-tech bombs, book business declines slowly. In this case, a value destroyer. Probability in my opinion : 30%. + +So, collectively, I think this is a moderately favourable bet. Having said that, most turnaround stories do NOT turn around. Therefore I would neither recommend nor myself put too much money into this. + +&#x200B; + +Looking forward to your opinion and analysis. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +This is aimed at absolute beginners and is opinionated and based on conventional wisdom. It tries to give a basic structure to personal finance without overwhelming someone looking at it for the first time. At every step, the reader is expected to perform their own research and understand what they are doing. This might help people to understand what they need to understand and research about. +Comments and suggestions are welcomed. Was toying with the idea of creating a very simple chat bot type app/website with this kind of information. + + +&#x200B; + +1. Do you know your approximate monthly income, expenses and savings? + 1. Yes + 1. Good, let’s move on to next step + 2. No + 1. Please keep track of your income (Add up all sources of your income), expenses (many people find it easy to use a separate bank account and do all expenses from that account) and savings (how much money do you save every month). +2. Do you have an emergency fund? + 1. What is an emergency fund? + 1. An emergency fund is money (=6 months of expenses) kept aside for emergencies + 2. Yes + 1. Good, let’s move on to next step + 3. No + 1. Please save money and keep it in Fixed deposits in your bank. Once you have money worth 6 month of expenses saved, you can keep it aside as “Emergency Fund” to be used only for real emergencies. +3. Do you have any outstanding credit card loans or other very high interest rate loans? + 1. Yes + 1. You should use the amount you save every month to pay off this/these loans in decreasing order of interest rate. You can even use some part of your emergency fund to pay-off high interest rate loans. + 2. No + 1. Good, let’s move on to next step + 3. What is considered a very high interest rate? + 1. There is no clear definition, but >\~20% could be a good thumb rule. Depends. +4. Do you and your family members have sufficient medical insurance cover? + 1. What is a sufficient cover? + 1. TODO + 2. Yes + 1. Is it an insurance provided by your employer? + 3. No + 1. Please get medical insurance which covers you and all your dependents for a sufficient cover. +5. Can your family live comfortably without your income? + 1. Yes + 1. You can still explore life insurance. + 2. No + 1. Please get a term life insurance with a good life cover (usually 10-20x your yearly income) +6. Are you comfortable in investing in bank FDs? + 1. Yes + 1. Great. You should keep your savings in Fixed Deposits meanwhile. + 2. No + 1. Try to create a small fixed deposit and get comfortable with it. Meanwhile, you can keep your monthly savings in your bank account. +7. Are you comfortable with investing in mutual funds? + 1. Yes + 1. Great, let’s move onto next step + 2. No + 1. Try to create an account with any platform allowing you to buy mutual funds. You can learn about active and passive mutual funds. (Easier for beginners to experiment with small investments in low cost index funds, which are passive) +8. Do you have any current investments? + 1. Yes + 1. Are you aware about your asset allocation between equity and debt? + 2. No + 1. Let’s move onto the next step +9. Do you have an asset allocation in mind? + 1. Yes + 1. Great, now you can slowly work towards that asset allocation and rebalance periodically (typically every 6 months or 1 year) + 2. No + 1. You can try to study and come up with some asset allocation which suits your requirements. Also, you don’t need to decide the allocation completely right now, you can just understand if you are too much invested in equity for your taste or debt, and try to rebalance slowly within your comfort level +Since the trend of retiring early (in 40's or early 50's) than normal age 60 is increasing, many look for the fix or guaranteed income as it provides a peace of mind with very low risk. Also, it doesn't fluctuate like FD returns. + +Appropriate asset allocation and investment is very critical for retirees. Considering the past data, the FD interest rates in India fluctuates between 5-10% most of the years in the past 20 years with few outlier years of 10%+ for a short time. In the current scenario, they are in the lowest zone. No one can predict the future, so it is difficult to tell whether the rates will go up again following the interest rate cycles or will go down further and lower interest rates for a long time will be a new normal. + +In such scenario, + +1. Do you think annuity should be a part of debt portfolio for early retirees like 40's? If yes, what would be the ideal % amount of debt allocation should go into it? Any thumb rule/ballpark figure? +2. Purchasing annuity during high interest rate cycle is no brainer, however, in current times, should early retirees wait to see if interest rates rise and purchase the annuity later or should they take a bet on the current low interest rates for annuity? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +There's a lot you could say about that idiot savant Elon Musk. + +For a start, he wouldn't have the connections to be where he is without South Africa's apartheid system. + +None of his companies make any money. None! All told. He's a glorified charity project who became a billionaire by taking a loss-accruing, government subsidy-funded company public. Just imagine how broken the system is for something like this to be normalized! + +He likes to take credit for things other people did. He claims to this day with a straight face he founded Tesla! Anything he gets involved in, he wants to position himself as the supreme leader/technoking/imperator/dogfather... This is exactly what he wants out of crypto. To somehow centralize it under his leadership. He knows that would never fly with Bitcoin. So he's flexing his clout with dogshit. + +His fossil-fuel-hogging rocket company was built on the ludicrous premise that humans could somehow "colonize" uninhabitable worlds. + +Anyone who knows anything about astrophysics knows how moronic it is to think we could somehow terraform an artificial atmosphere and live on frickin' Mars, a planet with toxic soil and next to no gravity exponentially more prone to asteroid impacts than Earth for its proximity to the asteroid belt. + +[His gazillion plastic surgeries](https://preview.redd.it/buo76nqta7371.jpg?width=3000&format=pjpg&auto=webp&s=6f3aa1f4edebe3584ababadffdd4ad0f0963d2da) + +[His connection to Jeffrey Epstein's madam Ghislaine Maxwell](https://preview.redd.it/47k1dnnpa7371.jpg?width=634&format=pjpg&auto=webp&s=9c4cf871a3842f939ffc0eb816e4716698b492f2) + +**But forget all that. Let's just talk about his Bitcoin energy FUD. Why is he doing it?** + +Very simple. 2020 was the first time that Tesla made any money. How did they do that? By flogging carbon credits to European car-makers to the tune of 400-500 million dollars per quarter. Without this money, Tesla still wouldn't have a positive cash flow. + +[https:\/\/insideevs.com\/news\/438345\/tesla-428-million-carbon-credits-q2-2020\/](https://preview.redd.it/wrqwfqzqe7371.png?width=1022&format=png&auto=webp&s=64a47df78787f36e43045e09104c5802bab323f4) + +[https:\/\/thedriven.io\/2021\/05\/06\/teslas-carbon-credit-windfall-to-shrink-as-rival-car-makers-clean-up-their-act\/](https://preview.redd.it/rpe34l3kd7371.png?width=919&format=png&auto=webp&s=c411a3d4c3951c07a630cb221662d580a6914dbb) + +**Now with European car-makers decarbonizing, Tesla needs to create a new market for carbon credits - Bitcoin miners.** + +So when people ask how could they not have done their due diligence on Bitcoin mining before investing, **Tesla invested in Bitcoin precisely because they did their due diligence! They identified Bitcoin mining as the new market for flogging carbon credits.** + +[Bitcoin mining uses among the highest shares of renewable energy in the world](https://preview.redd.it/zkzjtknki7371.jpg?width=1280&format=pjpg&auto=webp&s=e6949baa1ce977ddec7791d24ddd2533a31d420f) + +Tesla invested in Bitcoin roughly the same amount of money they made last year selling carbon credits to show that they are taking a position and they now have a vested interest in Bitcoin. It's an investment to attain a semblance of authority over Bitcoin. + +Instead of just buying and then selling Bitcoin over energy FUD, because they're long on Bitcoin long-term, Tesla's FUD play was to pretend to accept Bitcoin for payments and then walk it back a month later over energy concerns AFTER selling a portion of their purchase to show a quarterly profit for Tesla. + +**Please do share this across social media so that everyone becomes wise to this chancing prick's cynical gambit which has already cost average folks billions of dollars.** + +**More importantly, please stop trading based on an individual's opinion about Bitcoin. EVERYBODY has an ulterior motive. EVERYBODY has a self-serving agenda.** + +**Don't trust anybody. Verify!** +My app just went live and I wanted to see what you guys thought about it. Criticisms and ways to improve the app (even in very small ways) help me out a ton. + +I made this app because I wanted to see the real-time ranking of every coin and nothing like this existed. The best I found were apps/websites that updated the price. CryptoLadder (my app) is a truly real-time feed meaning that you can watch as coins move up and down the ladder live. In addition to rank/positioning, also price, mkt cap, and mkt share change in real-time. +Here are the links: + +App Store: https://itunes.apple.com/us/app/cryptoladder-real-time-cryptocurrency-rankings/id1273585612?mt=8 + +Play Store: https://play.google.com/store/apps/details?id=com.willchristman.cryptoladder + +I’ve built this app for you guys, and want to make changes based on what you all want to get out of it. + +Thanks in advance guys +Some simple rules I keep in mind for myself on crypto trading. + +Rules: +- Do your own research. Analyze the project and study white-papers. Combine your decision making with TA +- Be aware of FOMO. Sit out the hype. Value always drops after a pump. +- Always crosscheck FUD messages. +- Buy the rumors and sell the news. Study upcoming events of your desired project / token. +- Buy low and sell high. Seems easy, but greedy people get burned. +- If someone says HODL, don’t trust it. +- If someone says MOON, don’t trust it. +- If everyone is talking about your token, sell it. +- Always buy and sell contradictory against the market. +- Diversify your portfolio and spread the risk + + -the following is biased and part of my portfolio- + +Search for coins which did not pump yet. +e.g. TROY / VET / TRX / XVG / IOTA / ... + +Be patient and set a sell limit order on a reasonable value on which you want to exit. +I'm ready for the sea of downvotes because at this point IDAF so just ear me out. Go to the sub and sort by hot right now. Almost ALL you see is this nonsense about Twitter, airplane adds, "leaked" documents, and garbage memes. + +First of all, Citadel isn't having a "meltdown" on Twitter. Citadel employs some of the worlds most expensive and experienced PR and legal teams in the world. Everything they do and post is calculated and purposeful. + +None of you find it weird that they decide to break their Twitter silence so magnificently right as we got them by the balls with DRS? Yea, that's on purpose. They are trying to distract you from the only thing that actually ends this. DRS. Stop letting it work. + +There are other people saying this same thing in posts/comments and they are getting relentlessly downvoted. There are people saying: wE cAn FoCuS oN tWo ThInGs At OnCe!! No, clearly you can't. Their lies on Twitter won't matter when MOASS happens so who cares what they say now. Speak with your actions and let the results bring the truth to light. + +Buy, HODL, DRS. End this shit once and for all. Bring on the hate shills, I'm ready. +Guten Tag to this global band of Apes! 👋🦍 + +The best time to be alive in human history is now. + +Unless you are short GME. + +Today is Thursday, July 28th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$33.75 / 33,25 €** *(volume: 5917)* +- 🟩 115 minutes in: $33.75 / 33,24 € *(volume: 5910)* +- 🟩 110 minutes in: $33.73 / 33,23 € *(volume: 5501)* +- 🟩 105 minutes in: $33.70 / 33,19 € *(volume: 5446)* +- 🟥 100 minutes in: $33.68 / 33,17 € *(volume: 5124)* +- 🟥 95 minutes in: $33.68 / 33,18 € *(volume: 5124)* +- 🟥 90 minutes in: $33.68 / 33,18 € *(volume: 5064)* +- ⬜ 85 minutes in: $33.84 / 33,33 € *(volume: 4987)* +- ⬜ 80 minutes in: $33.84 / 33,33 € *(volume: 4792)* +- 🟩 75 minutes in: $33.84 / 33,33 € *(volume: 4792)* +- 🟩 70 minutes in: $33.79 / 33,28 € *(volume: 4710)* +- 🟩 65 minutes in: $33.55 / 33,05 € *(volume: 4710)* +- 🟩 60 minutes in: $33.27 / 32,77 € *(volume: 4689)* +- 🟥 55 minutes in: $33.27 / 32,77 € *(volume: 4683)* +- 🟩 50 minutes in: $33.27 / 32,77 € *(volume: 4680)* +- ⬜ 45 minutes in: $33.23 / 32,73 € *(volume: 4648)* +- 🟩 40 minutes in: $33.23 / 32,73 € *(volume: 4328)* +- ⬜ 35 minutes in: $33.22 / 32,72 € *(volume: 4328)* +- 🟥 30 minutes in: $33.22 / 32,72 € *(volume: 4328)* +- 🟩 25 minutes in: $33.25 / 32,76 € *(volume: 4309)* +- 🟩 20 minutes in: $33.24 / 32,75 € *(volume: 4069)* +- 🟩 15 minutes in: $33.14 / 32,64 € *(volume: 3931)* +- 🟩 10 minutes in: $33.13 / 32,63 € *(volume: 3765)* +- 🟩 5 minutes in: $33.11 / 32,62 € *(volume: 1327)* +- 🟥 0 minutes in: $33.05 / 32,56 € *(volume: 828)* +- 🟩 US close price: $33.78 / 33,27 € *($33.39 / 32,89 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0152. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've been looking for a duplex for a little over a year. I haven't had any luck lining anything up yet. There's currently only 14 duplexes available within a 50-60 mile radius of my city. None of them are desirable to me due to being in bad neighborhoods. Half of them aren't even in liveable condition for 220k+. I'm wondering if I should quit on the whole duplex house hack idea and just buy a 100-180k single family house and get a roommate?. +I'm on a split loan with my bank, with the fixed portion on 1.98% for another two years - so probably not leaving any time soon. + +My variable rate is not that competitive, currently on 3.14% (<80% LVR). + +However, when I signed the home loan a year ago, my rate was 2.59%. If I hadn't called them a couple of times over the past year, my rate would have been 3.34% by now. + +Each time I have called, they have said that I am already below their offer due to my discounts, but that if I really want I can ask for the pricing team to have a look and get back to me. It doesn't cost anything, so I always say yes please. + +edit: as mentioned in the comments, find a competing rate that is better than your current, e.g. by looking here: https://www.ozbargain.com.au/tag/home-loan. Someone else also mentioned asking for a 'discharge authority' as that may set the gears in motion to help you get a better rate. + +Half the time they have come back and said we can't do better, but several times they have knocked 10 bps off the rate. + +Anyway, I called again earlier this week, not expecting much. Today I got a call back from the retentions team and they have given me another 20 basis point reduction. Just for picking up the phone! + +It might not seem like much, but it's worth about $12,000 over the life of the loan. In total my reductions from calling have saved me over $25,000 in future interest! + +You can't control what the RBA does but you can make sure you are getting the best rate possible from your bank. If they won't budge, consider moving if there are better rates available. + +Call your bank! +I know the popular notion on Investment in China, **right now**, is to "stay out" of China. + +China as a country has been an economical miracle in this century. They literally created a prosperous middle class. They have created the world's second largest economy from third world. + +According to the Hurun Global Rich List 2021, Greater China housed **the most billionaires worldwide in 2021**. By comparison, 696 billionaires resided in the United States. [source](https://www.statista.com/statistics/299513/billionaires-top-countries/#:~:text=According%20to%20the%20Hurun%20Global,resided%20in%20the%20United%20States) + +China has emerged as the world's largest manufacturer according to the World Bank. [source](https://www.everycrsreport.com/reports/RL33534.html#_Toc12530869) + +Economic reforms and trade and investment liberalization have helped transform China into a major trading power. Chinese merchandise exports rose from $14 billion in 1979 to $2.5 trillion in 2018, while merchandise imports grew from $18 billion to $2.1 trillion. China's rapidly growing trade flows have made it **an increasingly important (and often the largest) trading partner** for many countries. According to China, it was **the largest trading partner for 130 countries in 2013**. [source](https://www.everycrsreport.com/reports/RL33534.html#_Toc12530869) + +Today, the country is being rocked heavily. The Evergrande debt crisis is still unravelling (other major Chinese real estate companies are drowning in debt), there is shortage in many of the manufacturing items coming out of China (computer chips, precious metals etc.), they are under international pressures/(economic warfare?) from the USA and others, and now they are having energy blackouts throughout the country (?!). + +The country societal problems are rearing it's head - The ruling party restricting rights, and then the one child policy is beginning to show negative economic ramifications, in that, they have too much of an aging population. + +The ruling party are trying to fix all of their issues right now, with heavy debt restructuring revamping social programs. But right now it looks like China is being rocked with a lot of issues. + +China is eyeing expansion of power - making "friends" with the Taliban (and their $ trillion mineral wealth), African presence, war with Taiwan and seizure of Hong Kong. What will be the economic ramifications of those events to China, and to the world? Yet to be seen. + +Now, here is my question: + +Despite the above - **China is still an economic powerhouse on the world stage**. International **Investors need China to remain as such, as China is economically intertwined** with too many sectors in this world. + +I, personally, am still very bullish on China long term. But since it appears, that China is, honestly, under economic upheaval. + +Should someone who admires China's economic performance; + +Buy the dip now (while much of the equities are priced low) + +or + +does an intelligent assessment demand waiting until long term (1 year-ish) + +orshould one just avoid China as an investment as much as possible for as long as possible (at least until the dust settles with Hong Kong and Taiwan)? +TLDR: Kenny isn’t looking for money to stay alive, he’s warning all his shady friends about how shit is about to hit the fan so they can save their own asses. + +IMO all these flights are SHF, like Kenny, and their associates trying get the insider jump to avoid losing even more. They’re going to let their customers’ money take the hit and protect their own money because they’re spineless. + +If I’m Kenny, then I arrange in-person meetings so that nothing is on record when I tell all my shady friends insider information. Now, when I get investigated for all my dirty deeds, they have no proof for the biggest part of the crime where I saved all the money for me and my friends but let the world burn. + +Edit: almost forgot 🦧🦍💎👋🚀🚀🚀 and also thanks for the all seeing awards. My first. Also if I’m stopping in various countries for a few hours, that’s not enough time to beg for big money to save my ass. It’s only enough time to tell someone we’re getting fucked soon. Like how September OATS to CAT and new margins are too much to handle. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**Preamble:** Michael Burry is definitely a controversial figure. He rose to fame betting against the subprime mortgage market and making a 489% return for his investors between Nov’00 and Jun’08 (SP500 returned just 3% in the same period). + +But, I recently observed that in every news article/tweet, he always talks about an impending crash. As recently as last week, he issued another warning stating that there would a “mother of all crashes soon due to the meme-stock and \*\*\*\*\*currency rally that will approach the size of countries”. Basically, what I wanted to analyze was + +**Whether Michael Burry always predicts a crash and gets lucky when there is an actual crash or does his prediction actually turns out to be true most of the time?** + +**Analysis** + +The various news articles spanning over the last 15 years were obtained from Google News \[1\]. I flagged the date of each crash prediction and then analyzed the performance of the market/stock over the + +a. Next 1 Month + +b. Next 1 Quarter + +c. Till Date + +I will not be including the subprime mortgage crash prediction in this analysis as we all know how that turned out and how that made him famous. Also, there are no news reports covering Burry before that. + +The performance figures are calculated based on the prediction. If Burry specifies a stock, then I am using that particular stock as the benchmark. If its broader prediction relating to the overall market, then the benchmark used is S&P 500. + +**Results** + +[ ](https://preview.redd.it/y2bct7sphe871.png?width=1028&format=png&auto=webp&s=0dd6d0b6163ad7ed0bfc917af373ce9f65bce71d) + +There was a long gap of 9 years after the 2008 crash where Burry stayed out of the public view and did not make any warnings or predictions about the market. + +His first verifiable prediction after the 2008 crisis [came in May 2017](https://www.lombardiletter.com/michael-burry-stock-market-crash/10895/) where he warned that we can expect a global financial meltdown and World War 3. In his exact words + +>I didn’t go out looking for this, I just did the math. Every bit of my logic is telling me the global financial system is going to collapse + +But it’s been 4 years since the prediction and the market is chugging along just fine. S&P500 has returned a respectable 93% to date and there is [no imminent threat](https://thebulletin.org/doomsday-clock/timeline/) of a World War happening. + +Burry’s next prediction was in [Sep 2019](https://www.bnnbloomberg.ca/the-big-short-s-michael-burry-explains-why-index-funds-are-like-subprime-cdos-1.1310874) where he said that index funds are the next market bubble and are comparable to subprime CDOs. He said that index fund inflows are now distorting prices for stocks and bonds in the same way that CDO purchases did for subprime mortgages more than a decade ago. He said the flows will reverse at some point, and “it will be ugly” when they do. + +This prediction also did not pan out as S&P500 has returned 50% to date over the last two years and the only crash that occurred during this period was the Covid-19 flash crash from which the market made a sudden recovery. + +Burry’s next target was on Tesla where he said that Tesla’s stock price is [ridiculous](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-reveals-hes-short-tesla-tells-elon-musk-to-issue-more-stock-at-its-ridiculous-price/articleshow/79538731.cms) and that it would [collapse](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-predicts-tesla-stock-will-collapse-like-the-housing-bubble-enjoy-it-while-it-lasts/articleshow/80171258.cms) like the housing stock bubble. I have kept both the articles there which had only one month difference as we don’t know exactly when he shorted the stock. The returns would be substantially different if he did it in Dec’20 when compared to Jan’21 as Tesla had a phenomenal run in December. + +He [reiterated](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-warns-the-stock-market-is-dancing-on-a-knifes-edge-and-fears-hes-being-ignored-again/articleshow/81154288.cms) again on Feb’21 that the market is dancing on a knife’s edge and he is being ignored again. He felt the boom in day traders due to the meme stock mania and the increasing cash flow to the index trackers would cause a massive bubble. This prediction also hasn’t turned out to be right as the market has returned 11% to date over the last 4 months. + +Burry’s only prediction that we can say confidently was right after the 2008 mortgage crisis is that he called [\*\*\*coin a speculative bubble](https://moguldom.com/340499/michael-burry-who-predicted-2008-mortgage-crash-says-bitcoin-is-a-speculative-bubble-sends-prices-lower/) in March’21. \*\*\*coin has since dropped 28% in around 3 months. Even in this case, we don’t have enough data to showcase how this prediction would turn out over the next one/two years. + +Burry was most active in 2021 making the most number of predictions with the latest in Jun’21 stating that we are currently in the [greatest speculative bubble of all time](https://moguldom.com/358632/investor-michael-burry-who-predicted-2008-subprime-mortgage-crisis-says-this-is-greatest-speculative-bubble-of-all-time-in-all-things/). Only time will tell how this one will turn out! + +**Conclusion** + +I have immense respect for Michael Burry and his skills. He was a doctor and worked as a Stanford Hospital neurology resident and then left to start his own hedge fund that became [extremely successful](https://en.wikipedia.org/wiki/Michael_Burry). But, as you can see from the above analysis, he is more often wrong than right with his predictions \[2\]. + +But, the stock market rewards predictions disproportionately \[3\]. Out of the 100 predictions you make, even if you get 99 wrong but get one extremely unlikely event right your overall returns will still be extremely high. + +The key point here is that if you believe in Michael Burry, you will have to follow all of his recommendations \[4\] and not pick and choose what you feel comfortable with as most of the returns would be from an extremely unlikely scenario. + +**Footnotes** + +\[1\] Google News has a [nifty feature](https://researchbuzz.me/2019/07/22/if-youre-not-using-more-of-google-news-date-options-you-might-be-missing-out/#:~:text=As%20you%20probably%20know%2C%20Google,hours%2C%20and%20the%20past%20hour.) where they allow you to search news in specific time periods. Also, Google News seems to capture almost all the major publications other than the historical archives. + +\[2\] The current analysis is done using all the publicly available records. We are not considering the personal bets he made, conversations he had with his friends/family/investors, etc. This can definitely alter the + +\[3\] Take the classic example of Keith Gill (aka DFV). He at one point had a $50MM return using a 50K call option. Even if he had another 99 50K call options in other stocks which expired worthless, just this one right pick would have made him a net profit of $45MM. This phenomenon is known as [black swan farming](http://www.paulgraham.com/swan.html). + +\[4\] At that point, if you are that confident in his predictions, you can [invest in his hedge fund](https://smartasset.com/financial-advisor/scion-asset-management-review). Please note that you need to have a minimum capital requirement ($1 million minimum investment and some extra regulatory requirements) + +*Disclaimer: I am not a financial advisor.* + +Hong Kong stock exchange has made a near £30 billion bid for LSE + +[https://coinrivet.com/hong-kong-exchange-makes-29-6bn-bid-for-london-stock-exchange/](https://coinrivet.com/hong-kong-exchange-makes-29-6bn-bid-for-london-stock-exchange/) +I had an email from my supplier reminding me that my tariff will end in 41 days and I should renew. I went through all of the renewal steps and the new tariff will make my energy go from roughly £1700 to £2400 a year due to the rise in energy prices. + +In addition to the rise in fuel, food and NI increase in April, things look very bleak indeed. +I ended my first month of trading (April) with a profit of $1500. Some things I've learned, that may be obvious but hopefully can help other people out will be posted below. Take all this with a grain of salt as everyone has different strategies. + +1) Dont trade the first hour of market open imo, as a new trader the first hour you are competing against professionals, corporations etc, its better to observe for a few weeks before you commit. +2) Use price action to trade and fundamentals for a general understanding. Do not trade like an investor. +3) Have a stop loss or at the very least a mental stop loss, I still need to be more disciplined with this. +4) Do not fall the the millionaire emotion, In other words you have one really good day up $500 then your ego goes out of control you start having these crazy fantasies that every days gonna be like this. Just take what the market gives. +5) Losing money isn't the end of the world, just learn from it otherwise your bound to repeat your mistakes. +6) God does not care about your position, just cut your losses and dont be over greedy about your profits. +7) You can read/ watch all the books about all the mistakes yet you are still gonna make em. However, being aware might make you learn faster and not repeat as often. +8) Daytrading is NOT for everyone, with a 90% failure rate it should be obvious. Not everyone can develop the temperament to be a successful trader, same thing applies to me +9) Adjust strategies and goals accordingly + +Theres a lot more but all in all I'm having a good time learning about trading. For me its a extra income source, until I start work later this month. +Hope this helps someone. +A lot of people don't understand why many of us are saying the China ban is 'good news'. + +You need to understand one thing. This was 100% guaranteed to happen! Most of us are entirely shocked that China ever let things get as far as they did; but we are hardly shocked that it has happened now. + +When bitcoin is tiny, it is not perceived as a significant threat. As it grows ever larger, it becomes a larger and larger threat to the powers that be. + +As bitcoin continues to grow, it will begin to threaten entire national currencies. You don't think there will be a backlash? There will be. + +It will threaten numerous multi-trillion dollar businesses, they will (and already are) fighting back. + +This is a war people. + +If you didn't realize that getting into it, well you didn't understand exactly what we are trying to do. + +The China ban was inevitable. However, there are consequences, most of them pretty damned positive. + +Many people in the bitcoin community lost the plot. They have been claiming that there is no risk to raising the blocksize. They have been claiming that individual nodes on the network serve no purpose and are parasitic. They have argued that all bitcoin mining and nodes should happen in massive data-centers with huge pipes capable of processing gigabyte sized blocks. + +This is all insane. + +When LukeJr talks about lowering the blocksize, this is because he 'gets it'. He gets the threat. + +Now that bitcoin is banned in China, we can refocus our efforts to **route around that ban**. + +We still want the Chinese people to be able to use bitcoin. And we will find ways that they can do so. If they have to sync to the blockchain via satellite and broadcast transactions over radio mesh networks, they will still be able to use it. If they need decentralized exchanges and the ability to store and transmit their wealth, we will make sure that they can. + +This ban is a wake-up call to the portion of the community that got fat, lazy, and complacent. Those who lost the plot and forgot exactly what it is that we are fighting for! + +There is a war at hand, and we will win it. By keeping the bitcoin network resilient and censorship resistant. + + +First off, based on some allegations like [this](https://www.reddit.com/r/CryptoCurrency/comments/muknjy/safemoon_developers_cashing_out_early/) and [this](https://www.reddit.com/r/CryptoCurrency/comments/mumth2/safemoon_is_the_opposite_of_safe_please_dont_lose/), I made a post on r/SafeMoon for some clarity on this. My post was removed in a couple of minutes. I asked the mods for a reason and got no response. + +So naturally, I thought I might have broken a rule. I checked the rules and saw that there was [one rule in particular](https://i.imgur.com/sGQF5nU.png) which stood out. Which loosely translated, IMO, means "only say good stuff about this coin here". Red flag. + +That made sense as to why the subreddit is always getting posts from a lot of people glorifying it. + +Or were they actually people? *(cue Vsauce theme)* + +I checked the newest posts for a while. I noticed a pattern in the usernames of the posts being made. Ladies and Gentlemen, I would like to direct your attention to these users: + +u/Evening-Bluebird9402 + +u/Accurate_Repair1199 + +u/Prestigious_Mix_1876 + +u/Smooth-Currency-7774 + +u/Adventurous-Fact-354 + +u/No-Minimum-2418 + +u/ShallotAltruistic305 + +u/Wonderful_Paper_7310 + +u/Responsible-Push-539 + +u/Ok-Flight-2556 + +u/Acrobatic_Trouble220 + +u/fab2606 + +u/micsel_0991 + +u/trading___123 + +And many more. These are all accounts that have nothing but posts in the safemoon subreddit. The posts are either glorifying it or asking "How to buy more" questions. And here's the real kicker: All the accounts have been made on or around the 2 month mark. Right when Safemoon became a thing. + +Am I wrong about this? Possibly. But I urge you to check the new posts yourself. Every 3-4 posts or so, there is one post that meets the pattern. What does it all mean? Idk. Do I have money stored in this? Yes. Am I going to bail? No. Why the fuck not? Cause I willing to lose what I've put in and I like hoping I'm wrong. + +**Edit:** [One of the moderators of r/safemoon commented below](https://old.reddit.com/r/CryptoCurrency/comments/mv5nl9/i_did_some_digging_on_the_safemoon_subreddit/gvc9imb/). He makes a few points. I want everyone to hear his side of the story as well before jumping to any conclusions. [Screenshot of comment in case it gets removed/deleted](https://i.imgur.com/SxvGmQW.png) +I'm your basic 25 years old 9-5 employee making an average salary in Ireland. Few months ago I was browsing the net and came across a website (bittrex) that offers cryptocurrency trading, so I did my research and few days later, exactly on 25. June 2017 I bought my first 0.25btc (around 500e back then) and started trading. Ethereum, antshares, litecoin, stratis, waves and so on and so on, I lost few $ on shilled coins but I gained much more on ICOs and altcoin trading. + +After few months I was looking at a portfolio of over 5000e without any further investment mostly achieved by the rocket moon of bitcoin and just by doing some turnarounds and daily trades. That was in September 30th and on that day my grandfather has been diagnosed with a non-small cell lung cancer (NSCLC), in an early stage where his right side of lungs is affected by a tumour. We're originally from Slovakia so the only option to get this treated was to undergo a surgery to remove the tumour, but considering how bad is the Slovakian healthcare we weren't willing to go forward with this procedure(only procedure covered by his healthcare). The only option was to privately pay for a treatment abroad. After a very long search we found a private clinic that could help us, Oncology clinic in Prague, which was costly but they had the best surgeons to help us. + +Few days passed and we received a quote for the treatment. Where the fuck are we going to get 7900e was the next question that went through my mind, my grandparents are on absolutely hilarious Slovakian pension of 420e/month and there was no way they could afford this. My mother couldn't help because her financial situation wasn't any better and then it struck me...Let's take the profits from crypto and use it to pay for the surgery and that's exactly what I did. I cashed out all my crypto and ended up with 6300e on my bank account. Flew to Prague to undergo the initial examination and few weeks later, on 17th of November my granddad had a surgery where the whole right side of his lungs had to be removed due to the spread of the tumour. His weight dropped to 62kg(-18kg in less than two months) and he was having horrendous pains because of the ribs that had to be snapped to access the lungs during the surgery. Everything went good and there were no complications during or after the surgery. + +As of today, 18th of December, less than 4 months after he has been diagnosed we received the final results of his progress and cancer stage. No cancerous cells were find anywhere in his body, his lungs are working great, no liver damage and he's now at hom, regaining weight and strenght, all well and healthy, looking forward to spend another few healthy years with his family and loved ones. I know that this fight is probably not over yet as cancer will most likely return at one point, but for now we won and all of this thanks to cryptomarket, without crypto we wouldn't be able to afford this surgery and give him another few years of life to enjoy. +Andreas has a talk called "The Lion and the Shark". The idea is that both ETH and BTC are apex species, but they live in different worlds and don't compete with each other. + +I like Andreas and I understand that he's trying to appeal to two audiences that see things differently. Good for him. But... + +I disagree with Andreas' analogy. ETH and BTC are *directly* in competition. + +Investors choose between them. Developers choose between them. Users choose between them. + +ETH has a long list of advantages. BTC has one advantage, which is slipping away. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +* Fed's balance sheet shrank for a fourth straight week, falling below $7T. +* The \~$88B decline was the largest weekly drop in more than 11 years and brought the four-week total contraction to nearly $250B. +* Repos the main driver of the decline as the balance fell to zero from just over $61B in the prior week. [Reuters](https://www.reuters.com/article/us-usa-fed-assets/fed-balance-sheet-below-7-trillion-repo-drops-to-zero-for-first-time-since-september-idUSKBN24A37T) noted that it was the first time in more than ten months banks have not tapped the Fed for this short-term funding, another indication of the central bank's success in repairing market functioning. +* Treasury holdings increased by just over $18T to more than $4.23T, while MBS purchases increased slightly, bringing total holdings to more than $1.9T. The Fed's Corporate Credit Facilities (SMCCF and PMCCF) increased by $700M to $42.6B but has remained largely flat over the last month. +A couple weeks ago I was playing with an early retirement calculator. I typed in different savings rates to see how long it would take me to retire if I saved 25% of my income vs. 50%, for example. I wanted to see everything in one easy chart, so I made it. + +Regardless of how much money you make, here's how many years it will take you to retire based on what percentage of your take-home pay you save to investment accounts. The chart assumes you collect no Social Security -- it accounts only for your personal wealth. For more explanation on the numbers, read the [full post](https://biglittlewallet.com/when-will-i-retire/). + +https://i.redd.it/nrrfkdqrffv21.jpg +A couple weeks ago I was playing with an early retirement calculator. I typed in different savings rates to see how long it would take me to retire if I saved 25% of my income vs. 50%, for example. I wanted to see everything in one easy chart, so I made it. + +Regardless of how much money you make, here's how many years it will take you to retire based on what percentage of your take-home pay you save to investment accounts. The chart assumes you collect no Social Security -- it accounts only for your personal wealth. For more explanation on the numbers, read the [full post](https://biglittlewallet.com/when-will-i-retire/). + +https://i.redd.it/nrrfkdqrffv21.jpg +I am 55 years old. I make $30,000 year. I am $21,000 in debt. Do not own a home,car is paid for but it is a 2006. I do have $26,000 in retirement. No other savings. How do I pay down debt and be ready for retirement???? +Yeah that’s right, if you had not halted trading in January I would’ve sold for 999 a share. I never even knew who Citadel was or the DTCC I only wanted quick tendies. Should have just let it happen. Now I’m holding out of spite, and I’m not selling until we come down from the peak which we all know is above 10 million. + +Now we know how corrupt the system is and this is bigger than that, it won’t stop at financial reform. Watch what happens when the little guy suddenly has power, we’ll do what you could have done with 1/10th of your money you greedy motherfuckers. + +The funny thing is you could’ve gotten away with it. You should’ve just let us have our tendies. Now you’re exposed, all of you. We know you were all in bed together including the SEC. You could have let Melvin take the fall and nobody would have known about the house of cards and Citadel’s fuckery. Or the fact that the SEC is in this too. + +SEC,I just want you all to know that after the squeeze most of you are going to lose your jobs you useless fucks, my capital gains tax will not pay you to sit on your ass and do nothing, we’ll make sure this shit changes for good. Citadel and your wall street buddies, just know money is the only thing keeping you out of jail, when you’re broke and the eye of the public is on you nothing will protect you, and we’re coming for your Cayman Islands money too don’t think that shit is safe. Vlad, if you had not done what you did the entire retail world would have joined RH and who knows, you could have been a trillionaire 10 years from now. Instead you committed perjury to Congress, wait and see what’s coming for you. Kindly fuck you all and thank you for giving me enough time to quadruple down motherfuckers. + +One last thing, 🍦🐸 +With our precious stonk being banned from discussion in the gambling subreddit, the media has been forced into something they did not see coming. It’s something very obvious to us, but now it’s somewhat proven. + +Since GME is no longer able to be discussed there, whenever the MSM discusses “The Reddit Crowd” they’ll be admitting to getting that information directly from Superstonk (even if they dont mention us). This also means that when new people head to that sub, they’ll realize they cant discuss GME there and may end up being funneled here. New apes shall continue coming over time. + +TL;DR: Buy, DRS, Shop at Gamestop + +Edit: Thanks for the awards yall! +# Part 1: Introduction + +Hello, you horrible lot. I am back to give you another dose of that sweet confirmation bias after generally positive feedback from my post yesterday describing [Market Tops & Distribution Days](https://www.reddit.com/r/Superstonk/comments/n0htur/the_end_is_near_market_tops_distribution_days/?utm_source=share&utm_medium=web2x&context=3). + +I am about to take this one or maybe even two steps further and try and link this all together even more! I'm telling ya after this; you're gonna be one jacked ape. + +# Part 2: A Critical Analysis + +Yesterday, you apes did what you did best. You picked some holes in my DD and asked some valuable questions, and I am not one to run away from tough questions, and I wanted to try and answer a couple. + +&#x200B; + +>u/DinoDaDon27 +> +>What is the more likely scenario; The market starts crashing while GME moons simultaneously? Or will the market see a deep dive first due to liquidations of other assets and then it will carry over to a large amount of short-covering for GME? + +&#x200B; + +>u/CatoMulligan +> +>So what happens if the market has a correction or crashes before there is the MOASS? I know that with such a strong negative beta GME usually would trade contrary to the market, but what is the mechanism that would cause the GME price to go up while the rest of the market tanks? Would the tanking of the market result in widespread margin calls that would then trigger the squeeze? + +&#x200B; + +I'm just going to park these questions here and get back to them very soon. + +# Part 3: Even More Evidence + +This short but sweet part aims to confirm that we will see a market crash in your ape minds. Yesterday I gave you one angle, but a smart ape does not only listen to a single voice of reason but multiple voices. + +To that end, I have compiled multiple data points using different forms of analysis to point towards a crash. + +**Some External Data:** + +[BlackRock CEO & Frothy Markets](https://www.cnbc.com/video/2021/04/19/market-feels-a-bit-frothy-says-blackrocks-rick-rieder.html) + +[Warren Buffett Indicator](https://www.currentmarketvaluation.com/models/buffett-indicator.php) + +[Michael Burry & The Market on a Knifes Edge](https://markets.businessinsider.com/news/stocks/big-short-michael-burry-warns-stock-market-huge-risk-crashing-2021-2-1030106969) + +[Sven Henrich on Margin Debt](https://www.reddit.com/r/Superstonk/comments/muol3n/margin_debt_is_also_mooning_northmantrader_gives/?utm_source=share&utm_medium=web2x&context=3) + +[FINRA Margin Debt Graph](https://www.reddit.com/r/Superstonk/comments/muvk7p/i_see_the_margin_debt_post_got_traction_so_ill/?utm_source=share&utm_medium=web2x&context=3) + +[Insider Transactions Ratio](https://www.reddit.com/r/Superstonk/comments/musoiz/i_believe_were_officially_in_the_end_game_now/?utm_source=share&utm_medium=web2x&context=3) + +**Edit 1:** [Shiller PE Ratio](https://www.multpl.com/shiller-pe) + +**Some Top-Notch DD with a Load More Links at the Bottom:** + +[Are We](https://www.reddit.com/r/Superstonk/comments/mtistc/are_we_headed_toward_a_hypeinduced_market_crash/?utm_source=share&utm_medium=web2x&context=3)[ Headed Toward a Hype-Induced Market Crash?](https://www.reddit.com/r/Superstonk/comments/mtistc/are_we_headed_toward_a_hypeinduced_market_crash/?utm_source=share&utm_medium=web2x&context=3) + +Now apes, if you have clicked every single link, looked at it all, both the links posted here and the links in the DD, and you still don't believe that the market is going to be a crash at some point, then you need to try this simple magic trick. + +1. Hit head on the wall 4 times +2. Re-read everything + +Repeat until it works! + +# Part 4: What Next? + +Assuming you have all made it to this stage without too many concussions and that we are all in agreement that there will be a market crash at some point in the future (near future, hopefully!), then we may move to the next stage. + +In my ape-ish opinion, there are three potential ways that this is going to play out. Ranked from least likely (1) to most likely (3) + +1. Retail buying pressure increases, outside retailers FOMO in, hedge funds are margin called +2. Daddy Cohen releases some game-changing news, acts as a huge catalyst, hedge funds are margin called. +3. The market crashes, hedge funds are margin called + +This post will discuss outcome Number 3. + +# Part 5: The Basics + +Let's discuss the bread and butter of how hedge funds borrow cash to trade with. + +**Leverage:** + +&#x200B; + +>Leverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. +> +>Brokerage accounts allow the use of leverage through margin trading, where the broker provides the borrowed funds. +> +>Leverage, however, can amplify both profits as well as losses. + +[Investopedia Definition](https://www.investopedia.com/articles/forex/07/forex_leverage.asp) + +&#x200B; + +[Leverage does not change the outcome.](https://preview.redd.it/56pol32z23w61.png?width=960&format=png&auto=webp&s=75c1077c1263b7ec4e224bab09ad947b9021238f) + +&#x200B; + +**Margin call:** + +&#x200B; + +>A margin call occurs when the value of an investor's [margin account](https://www.investopedia.com/terms/m/marginaccount.asp) falls below the broker's required amount. An investor's margin account contains securities bought with borrowed money (typically a combination of the investor's own money and money borrowed from the investor's broker). A margin call refers specifically to a broker's demand that an investor deposit additional money or securities into the account so that it is brought up to the minimum value, known as the [maintenance margin](https://www.investopedia.com/terms/m/maintenancemargin.asp). + +[Investopedia Definition](https://www.investopedia.com/terms/m/margincall.asp) + +&#x200B; + +**Why this matters:** + +I like to keep speculation out of my DD as much as possible and enjoy working only with evidence. If we put these together, we get a very basic mechanism. + +1. Hedge funds are using leverage to increase potential profits +2. Leverage can also amplify losses +3. A margin call occurs when the value of a margin account decreases +4. The value of a margin account will decrease because the value of the underlying securities have decreased (i.e. a market crash) + +Leverage + Market Crash = Margin Call + +# Part 6: Meet the Data + +So the critics among you will say, "yeah, well, good luck thinking that the hedge funds will be stupidly overleveraged to a point where they are extremely exposed". In response, I give you this: + +&#x200B; + +[Leverage of up to 20:1?!](https://preview.redd.it/lkawo71z43w61.png?width=776&format=png&auto=webp&s=e0077911eee5b71561f1f447be7ea1591c6c9d44) + +Now I accept that in this case, this is extreme leverage, but the premise is the same, the leveraging caused a margin call which then sparked the sell-off of their stocks. + +**Edit 2: Average Hedge Fund Leverage** + +>As mentioned, hedge funds vary widely in their leverage practices. Some assets, such as certain kinds of derivatives and covered call options, are leveraged by their very nature and don't necessarily involve a huge debt position. It's not unusual for a hedge fund to be leveraged between 100 and 500 percent, however, depending on the asset class. Leverage up to 10 times is not unheard of, though that would mean that a 10 percent decline in the leveraged part of the investment portfolio would wipe out investors' equity altogether. A recent survey from the United Kingdom Financial Authority finds that the average hedge fund was leveraged about 2.5 times + +[Zacks Finance](https://finance.zacks.com/hedge-funds-borrow-lot-money-make-investments-1580.html) + +# Part 7: What Happens When a Fund is Margin Called + +The process as I understand it will happen as follows with thanks to u/OnlyGoesUp + +&#x200B; + +>Day 1: HF (A) The end of the day close price is noted and margin requirements are calculated. (Example $400 close) +> +>Day 2: HF (A) The hedge fund now has to start closing failing short positions and will need to consider selling long positions (if they have any) to cover the cost of buying back shares at a rapidly increasing price. ( Example $1200 close) +> +>Day 3: HF (A), HF (B) and HF (C) Are now in a pickle and are all being margin called repeating day 2. +> +>This will go on and on until all hedge funds have been called or have voluntarily closed their shorts. When a margin call occurs, they each have up to 5 days to meet their own requirements from the initial call (and they will use as much of it as they can as they want to avoid a parabolic move up on day one). + +&#x200B; + +[FINRA confirming this process](https://preview.redd.it/s9tsaa6673w61.jpg?width=745&format=pjpg&auto=webp&s=c8c47c216c3d6946e1e0930dcd926885142d01ae) + +[FINRA Sauce](https://www.finra.org/investors/learn-to-invest/advanced-investing/understanding-margin-accounts) + +# Part 8: Putting it all Together + +**\*SPECULATION TIME\*** + +Until now, I have been working with evidence and facts - from this point onwards, this is my interpretation of the data that has been presented, including the order of events. This aims to answer the questions raised at the very start of this post. + +&#x200B; + +1. We will see a market crash. +2. The value of all of the hedge funds securities will decrease as the price of stocks decrease. +3. This will inevitably lead to the margin call of overleveraged hedge funds. +4. The margin call will cause overleveraged hedge funds securities to be sold, further decreasing the value of other hedge funds margin accounts, leading to further margin calls. +5. The process repeats rippling through the markets until we reach the hedge funds short on Gamestop. +6. The hedge funds short on Gamestop can no longer maintain their margin and become margin called so they MUST cover their short positions and buy back the stock. +7. This causes a domino effect of margin calls, and the short squeeze begins. + +Hopefully, you will agree that very few jumps have been made during this speculation, and the thought process is logical and backed up by data. + +&#x200B; + +# Just don't fucking dance. +Hi Guys!! + +I’m back again with another post as I continue my forex trading journey! + +I’ve opened a live account on XM with the $30 trading bonus they give for joining as a new member just to begin really trading with real money after spending some time on demo for a bit. Long story short, I didn’t know it was a lot more tougher growing a small account, like really really tough!! I’m making at most $1,70 per trade (3 trades per day) and the minimum is like 85c! My risk management is pretty damn tight! I’m starting to see that you really have to bump up the risk quite a bit to even see decent returns on an account that’s less than $100. However I’m not ready for that yet. So I’ll continue to work with this $30 account until I eventually blow it, I’ll see how long I can keep it going for. At the moment my lot size I’m trading with is 0.01! + +I’m seeking for advice on how to try and possibly grow such a small account as best as I can. + +And my final question is, when I’m ready to make that leap, how much do I realistically need to begin trading to see a decent amount of growth in profits? I’m not wanting to get rich. My aim is to 1 day earn $100 a day. Which is enough for me to live off in my country when all is calculated up in a month! + +Thank you for taking your time to respond your advice in the past has allowed me to continue. + +Take care and stay blessed! +I've read Trading in the Zone, (and about 30 other books on trading) i know how to backtest, i understand money management (although I'm not very good at it), I just need an actual legit strategy/system to plug in. Cant afford a mentor, but could scrounge up a little cash for a book or whatever. Free is good too. Please and thank you. And, happy new year! Hoping this is my year, and all of yours too! +Markets open tomorrow so having a nice look ahead at whats going on. I thought this was a nice chart to show even more education on range trading and how easy it can be. Usually its for intra day traders when price is stuck in smaller ranges on the lower timeframes, but here on EURGBP we can see that we have been stuck in this range for a couple of weeks. Our first trade we took the sell and it hit TP, i then reported back and we had another opportunity to take the exact same trade, which again also hit TP. We’re back here again the 3rd time, so if youve been watching this you should know what to do, wait for momentum to stop and sell that sucker. These have been some very easy trades to take. Hope everyone has a good week coming GLIYF + +https://preview.redd.it/upmwae627s451.png?width=1485&format=png&auto=webp&s=6a106e7bc40992b0a1b092afea1cb335a97a0453 +Interesting analysis on the habits of the five million retail (personal) investors at Vanguard. +The good stuff (data and graphs) is in the PDF linked at the end. + +[https://investornews.vanguard/introducing-how-america-invests/](https://investornews.vanguard/introducing-how-america-invests/) +**UPDATE: Seeking Alpha CEO Eli Hoffman responded to me with this statement: "...I did see your feedback about the potential effect of allowing authors to cancel memberships after receiving negative reviews; it is not something we had previously considered, but are going to take a look at how we might adjust our review policy to keep them honest."** + +I frequently use a site called Seeking Alpha which is essentially a forum that allows people to write and share stock market related articles. It also has a paid subscription feature where one can buy a month or year-long subscription to read material from an individual author much in the way that one would subscribe to a stock market newsletter, with the added perk of being able to communicate with the author and other subscribers since everything is online. + +I relied on an starred review system to pick who I would subscribe to and of course I picked the author with the most reviews and highest average rating. After recently writing a non-incendiary, mostly complementary, but non-3 star (I meant non-5 star - EDIT) review of that author, I was immediately contacted by the author, who accused me of “bad mouthing him” (his words) and told that he would have the Seeking Alpha website would cancel my subscription to his newsletter. And today, the Seeking Alpha website did cancel my subscription to the author’s newsletter though I did not request it. + +Before the subscription was cancelled, but after the author first contacted me, I wrote to the Seeking Alpha customer service e-mail to ask if that was allowed. ~~No response.~~ + +The thing is, I am not the first person this has happened to. This author in particular happens to be very popular on the website, yet I have communicated with 3 other current or former subscribers who have similar stories. They dared to post a non 5-star review and the author threatened to have the Seeking Alpha website (boot them from his newsletter - EDIT), so either they were kicked off or were coerced to modify their review (not even critical) in order to remain a subscriber. I still have communication regarding all of this. + +Just thought it might be interesting because I recently read a story about online ratings and how Netflix has dumped them because they aren’t that reliable. And in the case of this author’s newsletter or Seeking Alpha, I think I know why — because he is actively attempting to manipulate his subscribers into giving 5-star reviews by threatening to or actually have Seeking Alpha pull their subscriptions. I don’t think it’s going on on a LARGE scale but it has happened. + +PROOF: I've taken it down of my own volition to comply with Seeking Alpha TOS. + +This reddit [user](http://np.reddit.com/u/me) is an absolute moon whore. They have been caught posting low quality content multiple times. They make many comments a day and the only thing they contribute to the community is one-liners. They should be punished accordingly. +*UAE + IoT* +So remember how the UAE announced that apart of their Smart City initiative, they passed a law that every government transaction will occur on the blockchain by 2020. (Consensys being a strategic advisor... making the prospect of Ethereum-flavored blockchain more likely) + +*UAE + Consensys* +Dec 2016 - UAE had a [Blockchain hackathon](http://blockchainvirtualgovhack.com), which was sponsored by Consensys, Microsoft, along with others... + +*Ethereum + IoT + Tesla* +Jan 2017 - Announced that 1st prize went to [Project Oaken](https://www.projectoaken.com) combining IoT hardware + Tesla smart car software to "pay tolls" automatically using Ethereum smart contracts... + +*UAE + Tesla* +Feb 13, 2017 - Dubai's RTA (Road and Transport Authority) announced they were purchasing 200 Teslas (with autonomous driving) for their taxi fleet, as part of their Dubai Smart Autonomous Mobility Strategy of having 25% of total journeys using self-driving vehicles by 2030. + +So there's been a lot of speculation on Elon Musk joining EEA, thx to all the commotion riled up by Time Traveler. So I gathered all the breadcrumbs for you guys. Ill let you connect the dots... + +(also blockchain is literally the only futuristic venture Elon does not currently have a stake in.. hmmmm??)... + +Sources: +https://www.ethnews.com/ethereum-wins-big-at-dubai-blockchain-hackathon +https://www.ethnews.com/project-oaken-puts-a-tesla-on-the-blockchain +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi all, I am an 18 year old, capable male still living with my mom and currently I am working towards a Level 3 Business Administration NVQ as an Apprentice, I have about 400 days left until I get my qualification. Along with this, as usual with an apprenticeship you'd be employed earning apprenticeship wage, which here is about £4.15 an hour. Although because of the Coronavirus pandemic I am currently not even employed and as such not earning any income and will not be for the foreseeable future. Because of this unemployment, I am unable to complete a lot of the work being given to me and chances are high my apprenticeship will be put on a freeze until I can get some kind of work, which is also unlikely anytime soon. I should also note the only other qualifications I have are my GCSE's which were all-around C's and B's. + +On a higher note, I have been offered a full-time job to work in the local railway through a family relative, which pays around £29,000 annually, netting me enough money to finally begin saving for driving lessons, a car in and of itself, any other essentials I may need and finally to move out and get my own place. I feel as if it may be better for me to take this job, work, work and work, save, save and save, get a car, move out, be financially stable and Then go back to college for a qualification. + +What do you think? Thanks in advance. +There are a lot of questions about how much financial impact a child has. Here are my numbers, for exactly one year - the first year of his life starting in March 2020; with the addition of the "prep" budget. + +For the background info, we are a couple with above average household income (engineer + entry level engineer manager). A median house in our city is selling for \~$500k. When it comes to the financial decisions, we don't purchase the cheapest items, but we look for underappreciated items of decent quality (think - unpopular color patterns, houses that needs work or used stuff off craigslist). + +&#x200B; + +**2019-2020** + +Before the kid was born: +$5100 - Vitamins, doctor visits, car seat, stroller, baby prep items + + +**2020-2021** + +After the kid was born through the first birthday: +Total: $27,044.58 + + +Approximate breakdown: +$13,120.00 Daycare at $1280/m, starting at age 2.5 month +$4,432.00 Doctors - birth, after birth care, visits & vaccinations, one \~4 day hospital stay due to infection +$3,360.00 Insurance increase at $280/m +$2,554.00 Amazon - supplies for the baby and mom +$1,250.00 Target - supplies for the baby and mom +$480.00 Babysitter at $15/hr +$1848.00 Who knows / miscellaneous + + +That comes out to $2250 per month or $75 per day. + +&#x200B; + +**TLDR**: If you are like us, it will cost you \~$32k to have a child for the first year of their life. +CVS has been a long hold of mine for a couple years now. Whatever you may think of their pharmacy experience, they are a financial powerhouse. Consistently growing revenue and margins and delivering quarter after quarter beats on estimates. I have also been a fan of their minute clinics models and their vertically integrated payor/provider model. While cvs isn’t going to 10x anytime soon it has delivered consistent growth, solid dividend and has totally shrugged off amazons entry into the space thus far. + +https://www.cnbc.com/amp/2022/08/03/cvs-health-cvs-q2-2022-earnings.html +As someone who thinks of himself as somewhat financially literate, this was an absolute shocker. + +I received my CC bill for ₹27,750 on 12th Jan. On 30th Jan (the due date), I did not remember the exact amount I had to pay, and was too lazy to search for the statement, so I paid ₹25,000. I knew it was less than the bill amount by 1000-2000 bucks, but I was like 3% monthly interest on 2000 is 60 rupees, I'll check and pay it in a couple of days. + +THAT IS NOT HOW IT WORKS. + +If you miss a payment by more than a couple of rupees, what effectively happens is that your interest free period is suspended, from the date of generation of the previous statement. In effect, since my previous statement was generated on 12th Jan, all transactions from then until today were accumulating an interest of 3% per month. I *also* need to pay interest on the 25,000 I *did pay* from a period of 15th Jan to 30th Jan. + +There is absolutely no warning or alert from the bank that my credit card is accumulating 100 rupees in interest daily. They do explain it with an example in the T&Cs, but the numbers used are so innocuous that what you see is 134 rupees in interest levied on a non-payment of 3000 rupees in bill, and you think to yourself - this is not too bad (for a rainy day, that is). + +Worst part is that you don't have a legal basis to fight this. You owe the bank the transaction amount from the day you executed a transaction. At 39% pa. The only reason you can get away with not paying until the end of the month is because the bank, as a _goodwill gesture_, gives you a grace period. This grace period is at the liberty of the bank, and can be withdrawn when specific conditions (mentioned in the T&Cs) are met. When that happens, they recover all the points and cashbacks you slaved away for. + +Checkmate. + +**UPDATE**: _Called Citibank and the agent said that they have put in a request for a reversal, but it's not guaranteed. Fingers crossed_. + +**UPDATE 2**: _Charge reversed, and a valuable lesson learnt. Thanks /u/theblahking11, /u/hapuchu, and everyone!_ +First off, this isn’t another “I put in 10$ in bitcoin in 2010 and bought a house today” thread. + +Crypto has changed my life in a completely different way…it has made me hungry for knowledge. Cyber, networking, blockchain knowledge. + +I use to find myself sitting at my computer desk reading random articles from random websites about every single random blockchain that caught my attention. I would invest in a project.... make a little money, then switch to another project... lose a little money. + +I’m not going to lie…I don’t have what it takes to be a day trader…lesson learned. + +However, I kept finding myself hungry for more knowledge. I wanted to know everything about everything. + +Finally, one day I was staring at my computer….basically broke and feeling slightly depressed due to a downturn in the market….and decided to do something about it. My old ass went back to school. + +Now I’m proud to say, 4 years later, I have recently finished my Bachelors in Cyber Security, Comptia Sec+ and A+ certs and I even finished up my Associates from when I was 18 and dropped out my final semester. Dumb…I know. But I personally know I would have never decided to take this path without crypto influencing me. + +Next time you find yourself staring at coinmarketcap and the price of your coins, try to find what aspects of these coins excite you (other than the lambos) THEN GO LEARN. See if this is your passion. You don’t even have to go to college. You can find hundreds of learning resources online. Go better yourself and help this community grow. + +If crypto somehow implodes tomorrow, will you have anything to show for all the time you have spent staring at your computer/phone screen? Or will it all be screenshots, memories, and what could have beens? + +So I'm learning Trading and Technical Analysis for a few months now and I've got a psychological problem, I hope you guys can give me an advice. + +There are so many discussions, what works and what not, so I'm just lost and I don't know what is useful to learn and what is straight up bullshit. + +For example, Fib Retracements. I still can't figure out WHETHER it works, and if it works, WHY. Another examples are different styles in finding S/R levels, different indicators, etc. + +(in addition to this, people often say "it just works" as an answer to the question "why does it work?". I don't think it's a reasonable answer if you don't really know if it works in the first place.) + +You always find people, who are NOT dumb and who have experience in the financial markets, who say that TA doesn't work. +I'm sure that TA is not completely shit, but I'm still wandering in the dark, WHAT of all this isn't. +One trader makes this, but the other one says it doesn't work. Then they do the same thing, but have COMPLETE different kinds of doing that, such that it leads to different results completely, for example in finding S/R levels... + +It's just a mess. + +Everytime I learn something there is ALWAYS an argument why it is useless and that the one who proactively teaches it, is a scam. + +It seems like ALL THIS is a very big brew of different ideas that are not connected at all thrown in one pot, mixed, and given in small portions to people, and everyone just chooses whatever he wants to choose out of it. + +So what should I do to find out what to learn that is real and that can give an real edge? + +PS: +1. When I say "TA works", I always mean producing a winning expected value in the long run, NOT that it's a magic formula for 100% accuracy. +2. The same when I say "prediction". I just mean having a probability that the price will go in either direction. +3. I know, in TA nothing really works on itself. We always look at many tools, and if they line up (confluence), we take the trade. But putting random lines together that have no predictive power at all, would never give a more accurate prediction than when they were on their own. So we still have to know that what we are using is not horseshit. + +Edit: +Thank you for all your great answers! I appreciate it! +I hope it helps other lost people like me, too! +As per title. + +I see a lot of posts and news articles about wage growth being stagnant and crawling etc. From what I can understand (no business or economics background), wage growth is there to keep up with inflation. If wage growth is less than inflation then I'm basically getting paid less every year. So ELI5 what would happen if the other extreme end were to happen i.e. wage growth significantly outpaces inflation? TIA. +After having a miserable experience with Status ICO - 24 hours later I had an amazing experience with Civic ICO. + +They used a queuing system (http://www.queue-it.com/) to hold people's place in line and also had a batching system where they only allotted certain number of high volume transactions. + +They posted frequent updates and we're extremely transparent. + +This should be the standard. Whether you agree with Civic's team/project or not, please recognize this as a better process and upvote. Future ICOs need to take note so we can keep getting better and improve trust in this process. +&#x200B; + +https://preview.redd.it/e8zw5ohecaz61.png?width=500&format=png&auto=webp&s=c9c5ec6d652d4f3bda69e2221e9a88f7ee4da7db + +I'm a successful, self-made businessman, after a successful corporate career. I'm not dumb. But, holy shit, when I read some of the DD here?!?!?! I'm sitting at your feet, learning. You guys do amazing work! + +I tell people that what goes on here on this sub is like when the internet sleuths join together from all over the world to solve a cold murder case. That's what you guys are doing here. So awesome. Thank you for sharing it. Thank you for teaching so many of us. + +Just know that a lot of us would love to buy you a beer. + ...and I finally sold all my other 🍿 stocks and bought GME. I don't mean to cause anymore division but after realizing GME is getting into a HUGE new tech space there is too much potential & I feel much more comfortable with RC as my CEO. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀I hope this is enough characters to post +Hello all, + +I am 24 and currently working from home from my parents house outside of London. I am currently earning 25K which wasn't enough for me to move out on. In August I will be starting a new role and WI be earning 29K and I think that should be enough to move out. +I got a couple of things that I am slightly worried about: + +1) Is 29K enough to move out to somewhere in South London with couple of mates. + +2) I go to the gym and spend about £200-250 on food and suppliments a month. Will I be able to sustain this lifestyle? + +3) Will I be able to save £4K annually for my LISA? If not what is a more realistic amount based on your experiences + +4) Is it really worth moving out? I am currently planning to move out to become more independent and become my own man. I feel like I have become too comfortable being at my parents and being pampered and I am loosing valuable life lessons being at home. + +Thank you on advance for your advice. +And it makes perfect sense! + +Registering with ComputerShare triggers the MOASS. + +RC and DFV have been tweeting. Doctor T laid out the details but UNTIL NOW apes didn’t understand the importance of direct registration. + +In a way, it’s worked out even better as more apes have been able to clamber on board the rocket ship and brought more fuel with them. + +But whoever and wherever you are, Fairy Godmother, thankyou from the bottom of our hearts! +Edit: u/humanslime supplied a link to his [public statement](https://www.sec.gov/news/public-statement/gensler-fsoc-libor-2021-06-11). It is formatted far better than mine is. +--------------------------------------------------------------------------------- +Below I have transcribed SEC Chairman Gary Gensler's address to the Financial Stability Oversight Council. Sorry for the formatting, I am smoothbrain that typically operates on mobile. + +Video, Gensler @ 20:20 [https://treas.yorkcast.com/webcast/Play/f5be3d221c084e9ea64adba4bd6c15aa1d](https://treas.yorkcast.com/webcast/Play/f5be3d221c084e9ea64adba4bd6c15aa1d) + +Gensler @ 20:20 transcribed: + +"Thank you, Madam Secretary. This discussion of LIBOR brings me and reminds me of Hans Christian Anderson and Warren Buffett. You might be wondering why I'm thinking about these two men born 125 years and an ocean apart in the context of LIBOR, and I promise I will get to that in a minute. + +LIBOR came together in the early 1970s so that banks could make loans with floating rates. But the question was, "What rate would they reference?" and by the 1980s, they had coalesced around this idea of using unsecured rates at which, in London, loans they were making to each other. And over the years LIBOR got to be so popular it was embedded in literally hundreds of trillions of dollars in financial contracts around the world. Loans, derivatives, mortgages, you name it, even supplier arrangements. And yet, there was this basic problem: in good times, it was very little lending of unsecured term loans between and amongst banks, in London or anywhere else for that matter. And in stress time, even that small market went away. + +Long before the 2008 crisis, that market largely dried up, banks simply were not making term loans to other banks without getting some collateral in return. That created something akin to an inverted pyramid. A massive market today, about $220 trillion, but then, even more -- larger, that was referencing a small market at the tip of the pyramid upside down and there was very few underlying transactions. + +So, as Hans Christian Anderson wrote in his famous folktale, “The Emperor's New Clothes”, the emperor had no clothes. Because few transactions underpinned LIBOR, the people responsible for determining this benchmark tended to use their own judgment in setting it. Those were the good faith actors. But there was also another challenge. On top of that, LIBOR was easy to game. Partly because of the inverted pyramid. + +When I was honored to be the chair of the Commodity Futures Trading Commission, the excellent staff did a remarkable job uncovering many cases of manipulative conduct of large banks and even interdealer brokers. Finally, somebody had pointed out that the emperor had no clothes. In 2013, the FSOC called for U.S. regulators to step up to promote a smooth and orderly transition to alternative benchmarks with consideration given to issues of stability. That's what we're doing here eight years later, but the ARC and other committees did a lot of work along the way. The Financial Stability Board, just last week, echoed these views and they said, quote, "Benchmarks which are used extensively must be especially robust. To that end, I have several concerns about one rate that a number of commercial banks are advocating as a replacement for LIBOR, this rate is called the Bloomberg Short Term Bank Yield Index, popularly known as BSBY. I believe BSBY has many of the same flaws as LIBOR. Both benchmarks are based upon unsecured term bank-to-bank lending, termed BSBY, whether one month or 12 month, is underpinned primarily by trades in commercial paper and certificates of deposits, issued by about 30 banks. For instance, though, the median trading volume behind three month BSBY is single digit billions per day, and even less, six and 12 month, BSBY even lower. Thus BSBY has the same inverted pyramid. Multiple trillions, couple hundred trillions, based on a pyramid, upside down, on a small bit of trading. We will see a modest market shouldering the weight of trillions of dollars of transaction. When a benchmark is mismatched like that, there’s a heck of economic incentive to manipulate it. That’s why I believe the Secured Overnight Financing Rate, which we’ve talked about, which is based on a nearly trillion dollar market daily, is a preferable alternative rate. These markets underpinning BSBY not only are thin in good times, they virtually disappear in a crisis. Last spring the primary commercial paper lending department evaporated for about five weeks during the stress period of the pandemic. We just had a discussion about the lack of resiliency of prime money market funds, particularly in stress times and particularly because of commercial paper and CD, so we shouldn’t forget those lessons here. In the wake of the European debt crisis. The financial crisis, the International Organization and Security commissioners issued a report on the hygiene of benchmarks like LIBOR. That group, which I was honored then to co-chair in my previous roll, found it was necessary to establish a benchmark quote that reflects the credible market for an interest measured by that benchmark. I don’t believe BSBY meets that standard. I do not believe it is, as the Financial Stability Board urged, especially robust. Now, I understand that some market participants may believe otherwise. They might believe it meets that standard, and at first glance, BSBY might seem like an improvement on LIBOR, a more resilient benchmark. But I would suggest we not make that mistake. It might look a bit different, but it is still the same emperor. It still represents the similar risk to financial stability and financial resiliency. + +I promise this brings me to Warren Buffett. Warren Buffett, he said, you only find out who is swimming naked when the tide goes out. I’m worried that a crisis will reveal BSBY’s flaws all too clearly. Let’s not wait until the tide ebbs to see that the emperor still has no clothes. I thank you." +Vitalik was [interviewed](https://nav.al/vitalik-2) recently by Naval Ravikant regarding life, ETH and blockchains. There he was asked about his influence over the future direction of Ethereum and V-dog had this to say + +>"Naval: How much influence do you have on Eth today, especially compared to the DAO fork time? My sense was in the DAO fork, you were very involved. If something of that magnitude came up today, how much influence would you ever have relative to what you had then? + +>Vitalik: I feel like my influence in Ethereum keeps decreasing every six months. I have less now than I did six months ago. Six months ago, I had less than I had a year ago. And a year ago, I had less than I had 18 months ago. + +>These days the number of people that even I have to convince to push in a particular direction is significant. ***If you watch some of the EIPs that I personally promote, some of them don’t even make it.*** So for a lot of them you have to try pretty hard to satisfy all people’s concerns. + +>Naval: So what’s the biggest thing you’ve pushed that isn’t getting adopted? + +>Vitalik: EIP-4488 is one example. If I had more control it would have been in Ethereum already. + +This just hit me as a fine example of how ETH's growth has made it more and more decentralized to an extent where even the big V cant influence things unilaterally. Just as it should be. +I did this a bunch pre covid and now that events are coming back (..and maybe going away again..who knows) I wanted to share a tip on how I have gotten to go to some very cool yet pricy events for free! + +If there’s an event you want to go to and you have a little extra time (think beer festivals, conventions, even niche events like the 1940s Christmas ball) check their website to see if they need volunteers. Often times you’ll sign up to volunteer for a certain period of time during the event, usually 2 hours or so, and then you get to attend the rest of the event for free! I’ve done things like scanning tickets/giving out the entry wristbands, checking in the volunteers at the volunteer table, and even helping with pouring beer! +*\*or, on top of a stash.* + +**The Idea:** Build a business you can walk away from. + +**The Context:** My wife and I run a small marketing business that makes $200k per year. Our profit margin is \~70%, and we pay ourselves $50k/yr each. I also have a FT role ($75k) with a startup. We spend $50k, but our FIRE goal is to be able to sustain $75k per year. With 2 little kids, our goal isn't necessarily to build up as much as possible and then retire completely. It's to optimize our time so we get as much time with them as possible. + +**The Breakdown:** + +With our current numbers, it would take \~9 years to invest enough to sustain $75k/yr. OR we could take the next 2 years to get our business to the point where it can support 75% of the salary at 25% of the effort (\~15 hrs per week). + +It would take *a lot* to get there: systems, training, higher pay, and hiring a full time employee to act as an account manager. But I believe we could get there in 18-24 months. And, since I have my startup salary, we could still continue to build our stash. + +**The Upshot:** It would mean a much lower profit margin, but also a much lower time investment after the next couple of years. + +Questions for ya: + +* Has anyone done something similar with their own business? How has it gone? +* What are the cons to this approach I may not be considering? +* Is anyone planning on this "business" version of BaristaFI? How's it going? +It's enticing af seeing good gains for a few days/weeks and thinking you have it all figured out and then getting greedy thinking your strategy is flawless, and then taking trades you shouldn't/holding plays way too long + +Anyone else experience this? +No for sale signs since I’ve lived here. There have been a few a block over, but no moving trucks- more importantly, no families. There are signs of life only every few weeks. It looks like maybe how Cape Coral would have looked in 2008, where houses are foreclosed and vacated, but we’re in a housing shortage/ crisis so most homes are occupied making the neighborhood even weirder. Any explanations? +So, in 2018 I paid about $100/sf($895,000)for a 9 unit property near a downtown midwestern city of about 300,000 people. At the time it was generating about $9800 a month in rent. Over 4 years and with lots of my own time and $100,000 in cash reinvestment I have increased that to $12,000 per month. The property is now easy to rent and takes a reasonable amount of my time to manage each month. + +Half a block away a newly listed 4 unit property with around 4700sf is priced at $1,200,000 with gross monthly rents of $5000. The listing says $257/sf. + +By my math, all other factors being left aside for a moment.... That is roughly 250% more per SF and a bit more than half the gross rent per month, meaning a 500% increase in cost per dollar earned vs my original property. + +The realtor, who likely knows this new property is aggressively overpriced, says that is the "reality of the market" in our area right now and believes the rents could be increased to $8000 if properly marketed to new tenants. + +I know that $8000 is barely enough to pay the commercial loan payment on the property if I use the same terms I have from 2018. + +Have you seen this kind of "really bad investment opportunity" marketed as reality where you are? Or is this really where we are at in Urban areas which have seen significant increase in rents/sales? + +I appreciate your opinions! +hi everyone I don't share a lot in here but this caught my attention, a new token that has a strong project and an experienced devs that are also working in another successful projects, the marketplace will be launching within 1-3 weeks and the coin has the potential to grow meanwhile. not yet listed on coingeko and MC but already in talks cg coming very soon and partnerships also coming soon. +Project started only 5 days ago, liquidity burnt. + +the first NFT project using Pancakeswap exchange on BSC which means very low fees 0.09 cents and the only competitor is NOT using Pancakeswap exchange. + +the coin has already been audited and has a marketcap of $514K at this moment. + +Direct competitor has a marketcap of $30M, Lots of room for growth. + +DISCLAIMER: this post is not a financial advice. Do your own research. + +Website: https://rowket.org " .ORG WHAT!!" + +How to buy: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9 + +Chart: https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9 + +Liq. Burnt: https://bscscan.com/tx/0xf98399181409f0871ccb0449e8f0844ec09b5a09d7ddb8ab3110ae8bf3f1a86d + +Subreddit: +https://www.reddit.com/r/RowketMarket?utm_medium=android_app&utm_source=share +Links in the comments. +TL in comments, Devs very responsive all day long. +1 month ago I started tracking a anti-/r/investing portfolio using largely contrarian ideas to the majority opinion in this subreddit [here](https://www.reddit.com/r/investing/comments/4gzk0n/i_have_created_a_antirinvesting_portfolio/). + +>Short US equity +>Long US treasuries +>Long hard assets: gold miners and farm land +>Long EM + +in Addition + +>Short Indexes +>Long Individual equity positions that I have researched + +I have neglected to display a small 5k position in ARCOs last time around, the Mcdonald franchise in Latin America on the last screenshot and a few other insignificant stub positions. There has been no movement of capital (distribution or contribution) since last month. + +Current 1 month performance is 7.4%, primarily driven by the rally in GDXJ and CRESUD. SPX(S&P) has gone up slightly which is hedged out by the slight decrease in 10 year treasury yield (IEF), leaving those positions largely net neutral. Returns have primarily been driven by the continued weakness in the dollar and continued hesitancy towards a rate hike by the fed, leading to higher gold and EM pricing. Going forward, I will be focused on total returns and not be tracking the sharpe ratio because I fundamentally disagree with the concept that volatility is risk. + +http://imgur.com/sQhICx8 + +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! + +Long time HODLer here, I've decided to diversify and put 50% of my hodlings into ETH, at least for the time being. + +I'm just a simple hodler so I can't really support a BIP either way, and it's causing stagnation. With the real threats of a hardfork my hodlings don't seem very safe. The only thing I can do is vote with my wallet to express my disgust at the infighting and Bitcoins lack of innovation. Miners will now feel the burn of messing with the HODLers. + +It seems that there is a ton of innovation happening with ETH and that it actually has potential to replace BTC as the top currency. +The majority of individual investors track their performance by comparing their returns to an index. + +For those who consistently beat the market, was there ever a time where you didn't? How long did it last? Did you end up changing your processes? + +For those who don't beat the market, why do you believe so? Was there a time (or are there times) where you did beat the market? + +Just trying to spark up some friendly discussion and maybe allow some losers/winners to talk about their mistakes/successes. + +Thanks! +I've been researching IBM because they intend to switch more towards cloud and other software technology and they have the assets to back that move. It seems like a strong buy in my opinion but many people seem to be warning against it without giving many reasons why. Is there something I'm missing? +According to simplywall.st they have the fair value at 115.86 from a two step discounted valuation and the stock is currently trading at 31.50. What are your thoughts on this and when do you see the market realizing this price. +Say I found my undervalued stock with 50% margin of safety. + +I invest in it and ideally sit on it and wait until the market catches up with what should be the fair value of the shares. + +A key lesson to all investors is to ignore noise and make decisions based on facts and knowledge of the company. + +So I'm interested in knowing under what circumstances would you review this investment and how often? +The price was $8.20 yesterday before I went to sleep and now I wake up to a $10.00 price? What happened? Can't seem to find anything related apart from bitcoin skyrocketing. Anybody know why the price spiked by more than 20% in less than 24 hours? +I used to hear about Ethereum almost as often as I did about Bitcoin. And I was wondering if I should buy it. Is Ethereum a good investment, or has it passed its prime? + + +Numerous reliable sources informed me that Ethereum was the foundation for many technologies and coins. But I was still unsure if I should invest in Ethereum. + + +What would be your advice? Is now a good time to invest in Ethereum? + + +I'm interested in Ethereum for many reasons, I know it is new, it came out in 2016 and it still has bugs here and there, but as I've seen so far for people who are willing to be involved and try this new technology, it can prove quite profitable. + + +What I appreciate the most about Ethereum is it's decentralized, the other thing I'm not so satisfied with is Ethereum's expensive gas fees but still, there's Metis as an L2 solution. + + +What would you say what's the biggest NO when it comes to Ethereum? + + +I even did some research on the difference between Ethereum and Bitcoin, as I figured it out, on Bitcoin you can store value and pay for things, while with Ethereum, you can program smart contracts, tokenize assets, and more. + + +The only thing I was worried is that I heard that the biggest security threat to Ethereum happened back in May 2016, how safe is Ethereum? I know that since then, Ethereum has improved its smart contract code and worked on security and this is why no security issue happened ever since. But cryptocurrency hackers are still a threat. Should I be worried about that? + + +So, guys, what do you have to say? +Wife has a student loan with $1300 left on it. Monthly payment is $85. + +Student Loan forgiveness has been rumored the past year. I doubt it’ll happen. + +Regardless, should I just pay this off in full or continue with payments? +I'm trying to set up a Roth IRA or brokerage account in my kids names without them knowing. I don't know that at 21 years old (the max age before a joint account needs to be transferred into their name) I was capable of handling the substantial amount of money that may be in these accounts at age 21, though, and so I want to keep it a secret. + +I have heard of people opening up credit cards in their kids names, utility bills in their names, and various other credit items but am not sure about investment vehicles. Any ideas? +I'm 27yo and suspect I'm very behind where I should be financially. + +I didn't start working until my early 20s, and have no real skills - I've pretty much only ever worked by the hour. I dropped out of college (parents' dime and merit grants, so no loans); I don't have a driver's license (no car payment but I have shelled out a few thousand in the past for lessons and failed driving tests). I'm not especially talented at anything. At present, after about 6 years, I have no substantial debt (just regular cc balances), appox 7k in savings, 1k in a Robinhood account because I wanted to experiment before doing real investing, and <1k in an employer-matching retirement account that I started 6 months ago. + +I believe I'm trash with money, especially my food habits (LOTS of premade, packaged, takeout stuff. There's a lot behind that that isn't really relevant here). I'm 100% aware of how bad that is and how much I could save if I ate like a normal person, although I always end up falling back into old habits. More recently I've been rather spendthrift in replacing/upgrading old clothes, shoes, household things. However, from what I read, I suspect making more and investing might be a better option than living in a figurative box to feel rich. + +I'm just not sure where to go. Most advice for my age isn't applicable to me in multiple ways - honestly this post was prompted by some wealth envy of people my own age investing more than I've made in the past 2 years, or making 3-4x as much and trying to figure out what to do with it. I'm somewhat worried about my future too. Family praises me for being a "good little saver", and I'm in better circumstances than a lot of people. But I'm not happy with it and I'm sort of at a loss for what to do other than just grind in my current position. +Alright you degenerates, settle down for a moment and stop the celebrating. Tonight was complete and utter bullshit, and has more than likely been planned for months by the SHF. Let me sit you down for a moment and teach you a little something about narrative, and why this is a big/bold and possibly a really good strategical move by the SHFs and their complicit media lap dogs. + +A lot of you probably understand the concept of narrative as it relates to politics. Both sides use it all the time, probably because human brains are on average about as complex as that of a Labrador. That said, A few days ago there was a DD about the “firehose of misinformation.” That DD was 100% spot on. I’m on an iPad so I am sorry to the author but I can’t link it. Look it up and read it all. Myself, I work in an industry (litigation/negation) where most of the time “narrative” is worth more than the facts themselves. The same is true for wallstreet. When I train new hires on negotiation and strategy, one of the main things I teach them about is “stealing the narrative.” But what is “stealing the narrative” and why is it so valuable? + +The best way to explain “stealing the narrative” is to watch the final rap battle in 8 mile. You probably think I am joking, but I’m not. In the final rap battle of 8 mile, Eminem is asked by his degenerate buddy what he is going to say, knowing they have soooooo much to say about him. In response, Eminem goes first, steals the narrative from the other guy (who is literally in every movie now), and he goes on to lay out everything that the other guy was going to say before he can say it. It left him speechless. This is the art of stealing the narrative. You diffuse the bomb before it goes off. You publicly address the elephant in the room, so your enemy cannot use it against you with any effect. + +What just happened tonight was a direct “fuck you” to us and GameStop the company. Ryan Cohen and company have been operating as secretly as possible with regards to their NFT marketplace. By breaking gamestops news, SHF and the media have collaborated to steal the announcement from GameStop. Any stock gain you would have seen when they did it, will now be considered “priced in,” even though it’s not. It’s pure market manipulation. If GameStop doesn’t launch soon, then GameStop will be criticized for the failure to launch. The narrative has been stolen from GameStop and a clock placed on them. Furthermore, Not only has the narrative been stolen, SHF have nefariously stolen the narrative to cover some of their FTD buy ins that we all knew were coming. I personally bought calls Friday and will hold them because I think the SHF have more to deliver before January is over. + +In conclusion, I think there should be a criminal investigation into this, however We all know there won’t be. I guess I just tell you all this so that you won’t be surprised if/when GameStop does launch NFT news, nothing happens. +I’m so sick of scraping by. I have debt I’ll never pay off at this rate and I’m constantly stressed over money. + +So, I’ve started making changes. I’ve just applied for a second job as my current job has been losing hours like crazy. + +I also plan to head to my credit union to see if I can get a personal loan at a lower interest rate consolidate my credit card debt. + +I’ve been on this subreddit since day one. I know I’m not great with money. I have a very poor relationship with money. Through reading this subreddit, I know I can change that! + +Hopefully by the end of 2019 I’ll have some money saved up thanks to this subreddit! You all are awesome. +As the title says, I am in my early 20s and in the last few years managed to save up about 50k EUR. + +I want to start building wealth and invest this money. However, with current craze in all markets I am really not sure where to start and if I should start at all or wait for things to cool down. My initial goal this year was to buy an apartment, however, in my country there are crazy things happening in real estate market. A good 1 room apartment price went up from something like 55-75k from last year to something like 80-90k now, with good options being bought with all cash offers in **hours.** I was also looking at various vanguard etfs like VWCE or VUSA. However, here again I believe that currently, markets are highly overvalued and there might be price a correction in near future (maybe I am wrong). + +I am about to finish college in next year and I don't really have any major expenses at the moment, so I manage to save up roughly 1k per month. My goal is to invest money relatively safely, as at the moment it is just sitting in my bank account not doing anything. But I am not sure what are viable options for me at the moment. + +I am curious to know what would you do if you were in my position? + +P.S. If that changes anything: I am in the tech industry with a full time job as software engineer, so I have relatively stable income with above average pay in my country. +Hello fellow european brothers and sisters. + +I'm 30 years old and currently have 50k saved up. I live in Portugal with my wife and one young son. I'm going to buy a house within the next 2-3 years, but I also want to invest meanwhile. + +I plan to lump-sum 30k on stocks, keep 8k on my savings account (emergency fund), and keep the 12k for the house. I'll invest 3k per month into stocks (which is about 63% of my savings rate). I plan to buy a car 2-3 years down the road as well, since my current car is really shitty. I'd rather go electric, but I'm not sure because they're quite expensive, and this country lacks proper infrastructure for electric cars at the moment. Gasoline is really expensive here, but cost of living is low. + +Anyway, I've done my research and ended up choosing IB because I plan on reaching 90k euros (100k usd) soon to be custody-fees free (haven't registered yet though). I'll pick two index funds: + +MSCI World & MSCI Emerging Markets (both accumulating rather than dividend) + +From my research, I don't need much else (no need for small caps, value stocks, or Real Estate Investment Funds). + +I'm not sure about the % for each, I've seen 88% & 12%; 87% & 13%, etc. + +My strategy is long term investing. Through my calculations, I'll reach a million euros in about 17 years, though I don't need that much to live here. I'd say I need about 25k per year to live here (I live on less atm). This means I need 625k with 0% capital gain tax, or 800k with portuguese capital gain tax of 28%. For 800k, I need about 14 years, which means I would retire at 44. I'd love to retire in 10 years, but it will be hard. + +**Questions:** + +1- How can I know which % is the best for Emerging Markets? I guess it depends on what kind of risk I want to take (though 1% is very little difference). + +2- Regarding the house, I'm not sure yet on its price, but as soon as I have an idea, when should I start saving up to get the initial 10% or 20% for mortgage? + +3- Additionally, since the interest rates are so low at the moment, I noticed that I can get a great deal with 30 years fixed mortgage. Anything wrong with that? + +4- Portugal has 28% tax on capital gains. Not sure how I can overcome this. I have some friends living in Switzerland, and they pay... 0%. + +5- Should I D.C.A. rather than lump-sum? Who knows if there's going to be a bear market right after I lump-sum my whole savings?! Pros and cons? + +Any thoughts on this? + +Thanks everyone! +Hello everyone! I'm fairly new to investing and I am looking to include some clean energy/ sustainability oriented ETFs in my portfolio. + +So in order to get some opinions, what are your favorite clean energy and sustainability oriented ETFs and why? + +Also I know that time in the market beats timing the market, but would you think that now is a good time to start investing in such ETFs? +The other cars insurance (Farmers) said they accept responsibility but not much else, and have left my car in paid city street parking, leaking oil, both axles snapped in half. It's only a matter of time until parking tickets and a $600 tow to impound occurs. I've missed days of work and have to get rides to work from friends. I only have liability insurance (AAA), so when I called my insurance they said they couldn't help whatsoever. + +I feel like Farmers is ignoring me as a bullying tactic before lowballing some settlement, hoping I'm exhausted. I don't know what to do. +**TLDR; Market Makers are the ones adopting the debt day after day. Daily volume proves they are only taking on more and more debt each day and the only exit for them is margin call.** + +# PREFACE + +I've been wanting to write a small(ish) DD on market volume for a while now. I believe it is one of the most significant and clear indications of what's happening with GME behind the scenes, but is often only given passive consideration or attention or is often not well understood. When we have days or weeks where the price seems to be in a tail spin, I feel the need to remind people of just how certain our data is, and how there truly is only one possible outcome. Not financial advice tho. + +I am going to break down how market volume is reported daily, how short volume factors in, and finally what actionable information can be extracted from these two daily metrics, and how the reported data can only mean one thing: The Hedgies are screwed. + +# EXCHANGE REPORTED VOLUME + +Each exchange records its number of trades, referred to as volume, in real time and in a finalized (corrected) daily report. The total sums of those volumes from each exchange is what makes up the reported daily volume you see on your stock app or on Yahoo Finance. + +There are three types of volume; Total Volume, Short Volume, and Short Exempt Volume. Short Exempt Volume is a short trade that is exempt from restrictions on short trades. On days when a stock is short sale restricted you can only short at a price higher than the last trade or when the stock price is climbing. Market Makers can mark shorts as exempt and trade them lower. For our purposes, short exempt volume is just a second type of short volume. + +# SHORT VOLUME + +Most people on this board think of short volume as a measure of how much shorting traders are doing, but that is fundamentally incorrect. In the dark ages long ago, in January and before, we apes were just forming our first wrinkles and used short volume to guess at SI, noticing that each day short volume was over 50% of the stocks total volume. We were primates discovering fire and noticing we could use it to make farts explode but not really unlocking its full potential. + +Nearly all trading done on the market today goes through market makers. Our financial system has been built so that overlords (known as market makers), with special access to the exchanges stand between everyone trading and fills the orders. When you put an order in with your broker, say Fidelity, (who then may or may not pass the order to their clearing firm if they aren't self-clearing), that order is then sent to a market maker. The market maker then fills the order from their own pocket. If you want to buy, they sell you their share, if you want to sell, they'll buy your share. You aren't actually trading directly with another retail investor, you're trading with a market maker. + +There are many market makers and they compete to fill the orders from brokers. Market Makers take their revenue from buying high and selling low the shares sold to them and bought from them. Ideally, when you sell a share, and someone wants to buy a share the market maker sees the two orders, buys the share at $100, then sells the share to the other person for $100.01. They use large volumes of trades to skim off cents or fractions of cents on each share traded. To justify their existence, they provide the service of fast trades, accurate price quotes, and competition between market makers keeps them from over charging. That's how it works on paper at least. + +A short is effectively a debt. A promise to buy, an IOU. That's what's reported in short volume, how many trades were people buying IOUs. When you buy a 1 share, you buy from a market maker and they give you a synthetic share, an IOU. They are in debt 1 share. **Nearly all buys are short volume according to the exchange**, as the market maker is selling the retail trader one pretend share and promising to hand them a real share later. We'll dive down that rabbit hole a bit more later. + +([Read more about buys equating to shorts in this whitepaper](https://squeezemetrics.com/monitor/download/pdf/short_is_long.pdf?)) + +According to [RegSho](https://www.sec.gov/investor/pubs/regsho.htm): The market maker is supposed to buy the share (and clear their debt) within seconds, but they have up to six days (T+6) to actually buy that share before they lose their ability to short more. They have up to three days (T+3) to settle the trade, which involves processing the funds through the broker or clearing firm. When the money enters the Market Maker's bank account, they have to deliver the share they owe to the broker before the end of the trading day or it will be declared as a Failure To Deliver (FTD). FTDs have to be resolved (a share delivered) within the next 3 days (3 days to settle, 3 days in FTD gives a total of six days for T+6). + +To slightly go off topic for a moment, it is at this point, during the second half of the T+6 period that an FTD is reported and a short share (a debt) can be delayed by 35 calendar days from the settlement (the first half of T+6) before they have to deliver the share they owe. + +To break this down a little more: when you buy a share, your money is promised to the market maker but an actual buy does not yet hit the exchange. You get your share (apparently) but your money sits in a safety box until the trade is settled. The market maker then has 3 days to actually go out and fill that buy order on the exchange. They then buy the share at the time that will maximize their profits, if they ever buy a share at all. Therefore, when we buy a share, they get stuck with debt, but regardless if we buy or sell our shares, the market makers make money. That's the reason why trade volume decreasing is such a good sign, it means their ability to make cash and stay solvent is decreasing. + +[Any Short&#37; above 60&#37; is considered high](https://preview.redd.it/rsg5psng7zc71.png?width=378&format=png&auto=webp&s=14d93e45402461550280b1ad756b1cd3da44651a) + +# HOW WE CAN USE SHORT VOLUME AND TOTAL VOLUME + +Based on the information above, a normal healthy stock should be trading at around 50% short volume. 51% short volume represents more buy pressure, while 49% short volume represents more sell pressure. Buy/sell pressure though doesn't necessarily affect price, as market makers can hold off on fulfilling the other end of the trade up to 6 trading days, or even 35 calendar days plus 3 trading days. On top of that they can fill orders in dark pool, where the trade wont affect price, or borrow shares, fulfilling their short with a new short and not changing the price. + +All along that gumdrop trail are also opportunities for bad accounting and bad practices to accidentally mark short trades as long or loan out a share multiple times. A tiny trickle of extra shares getting born every day, by accident and intentional deception, diluting the value of a stock. + +Then what value, if any, does short volume offer us? Well, it gives us one fantastic datapoint, it tells us approximate buy volume. Either a trader wanted to buy a share, or a trader wanted to borrow a share (which they have to still buy sooner or later). The fact that day after day after day, we see short volume above 60% means we are in a position where buying is always high and never stops. There is not a chance for the hedge funds to escape their over leveraged positions and are demonstrably either diggings themselves deeper or at best kicking the can down the road, there is no escape for them. + +We can't use this information to calculate SI%, or understand what the price is going to do, because the market makers have too many tools at their disposal to obfuscate their movements and manipulate the price. If anyone had any doubt though, the Short Volume shows that there is only one exit to this ride. Buckle Up. + +FOOTNOTE + +I track GME volume daily, data taken from each exchange. However, I can't access daily volume data from MIAX, NASDAQ, LTSE, IEX, or MEMX, which in total account for approximately 20% of the daily total volume. If you have access to daily short volume data from any of those exchanges, please DM me. +Yes I know there’s the “not QE” argument, but it still doesn’t explain why the Fed balance sheet is up over 4 trillion in the past 2 months and continues to growth. + +I could be completely wrong, however it would explain why the S&P continues to grow while pretty much every economic factor continues to subside, such as manufacturing. + +Any thoughts on this? Also, how long is this sustainable? I feel like I’m playing monopoly with my kid and when he can’t afford rent, I’m just handing him 500$ under the table. +We have all heard this before, right? I remember reading it first in Rich Dad Poor Dad, and I always thought to myself “wow, what a great concept!” Well as I get older (34 now) and have had time to get both my financial life in order as well as the rest of my life, I realize it’s a lot more powerful than the simplistic statement it sounds like. Having grown up as a procrastinator (I was the kid who did their homework in the class before the one it was due) this has been a long, slow change for me but also a very good one. + + +Personally, I’ve taken the FIRE approach that includes my health as well. What good is buying yourself time if it’s at your own expense? I’m sure many people have heard the phrase “at least you’ve got your health” at one time or another. That’s because at the end of the day, that’s what’s most important in life, your health! We talk about money here in /r/fi more than anything but it’s just our vehicle to enjoy more of our health, later in life. In fact, I think I’m going to start referring to it as my Whealth (make sure to pronounce the H). + + +So get to the point – to me, paying yourself first extends far beyond putting $5500 into my IRA by April, or maxing out my 401k. Those are the more simple parts of the concept that don’t take any thought or action once you set them up. What I’m talking about with paying yourself first is a lifestyle that can be applied in many parts of our lives. Some personal examples: + + +* I put my kids to bed at 8pm every night. While they brush their teeth, I brush mine. By brushing my teeth at 8pm, I get a couple of benefits. I am no longer interested in eating again for the rest of the night because then I’d have to brush my teeth & floss again, which I don’t really enjoy doing in the first place. Also, my bedtime routine is a lot more pleasant knowing I can walk upstairs and just fall into bed with no additional work, all because I paid myself first. I avoid the excess calories of an evening snack, the cost of them, the time wasted, and the negative impact on my bedtime routine (it wakes me up for some reason). + + +* Making lunch the night before/after dinner. Getting up early sucks, and waiting until I’m about to walk out the door to make lunch for myself is a recipe for whealth disaster. When I inevitably go to work without lunch, I’m taking the double hit of unhealthy food that costs so much more than the leftovers or PB&J I was going to make. Not to mention the fact that I have to drive 7 miles each way to a place to buy non gas-station food. + + +* Getting gas on the way home from work. This one is more of a sanity cost where often I’ll pass up gas because “I can make it until tomorrow and I don’t feel like doing it now” that ends up with me getting gas in colder, often shitty weather conditions the next morning AND potentially making me late for work. This one also ties in with my “don’t be a victim” mentality.* + + +* Working out at 5am. Man, this one sucks. I hate waking up early but I can say a couple of positives about doing this. There is no way for you to “run out of time” to workout when you take this approach. There is the super health benefit of getting that workout done, there is the mental boost of starting out your day having completed such a task, and you get some quality “me” time to focus on yourself. The alternative usually looks like “Today was a rough day… I’m pretty tired. I’ll just make sure I hit it tomorrow instead.” And then life happens and you miss 2x, 3x, etc. Pay yourself first. +At the end of the day, what else are you doing with your time? For myself and I’m sure many others, it involves playing video games or watching tv mindlessly. By investing in myself early, the only things I miss out on are the things that I find myself not missing. I never regret not playing video games 3 weeks ago, but I have often regret not working out or eating healthier sooner. Set yourself up for success and pay yourself first. + + +I could go on and on, but the gist of it is: when you pay yourself first, you make your future self happy. A little pain now truly pays dividends and for me and has improved my general well-being as well as my approach to life. After reaching this point, the financial side of preparing for FIRE becomes a no-brainer. Build your whealth! J + +*If people found value in this post, I’ve got some other topics I could write about and share. +We’ve been aggressively paying down my wife’s student loan debt over the past 2 years (80K) and as of this Friday it’ll be down to 18K. We live in a low cost of living area with average jobs 63K salary for me and 43K for her. We work hard with side hustles etc. and contributed an extra 3-5K a month. I found out that I’ll be losing one of my side hustles and now we’ll drop to 2-3K a month in extra income to apply to the loan. Our emergency fund is 10K and I’m debating using 9K of that to just nearly pay off all her debt and be done with it because I’m psychologically attached to limiting all spending because of it. I don’t foresee job changes for either of us in the next 3-4 months because it would definitely be paid off by then. Or do I continue to drag it out and keep the 10K emergency fund? +So I'm writing this article about the top 15 crypto projects. +It's an IOTA blog, but this article is not aiming at "IOTA IS THE WINNER" or so, I absolutely don't care. + +Everyone can get rich, 3842% ROI I don't care. It's a neutral comparison. + +I want to look for fields of application, feasibility, similarities, problems, rumours. + +As neutral as I can. + +I can't find information about Tron, the whitepaper doesn't answer the questions, there's not a single entry in google about it. + +While entering the telegram group with 24.000 members(!), the first thing I see is a dude asking: + +"so should I buy more TRON?" + +a guy named kaan answered "If you can, yes" + +I asked: "I'm looking for information about Tron in terms of the CAP theorem, does anyone know if Tron is partition tolerant? + +syed efti writes "when 1000 sat" + +someone writes: "PUMP THE SHITTT" + +and I ask "this group is not really tech savvy is it?" + +Someone answered. "Bro you got google" + +I answer: "bro, try to google it, there are ZERO answers" + +he sais "not doing your work" + +I say: "I'm trying to write an article, I want basic tech-info about Tron, is there ANY expertise in here?" + +A moderator-bot comes up and deletes a question of "Dennis" who is looking for a developer of Tron for an exchange listing + +The bot answers: These questions are not allowed, next time you will get banned. + +Approx 15 people come up and start to attack me: + +"TRON IS AWESOME GTFO, no one needs your article!" + +GO TO /R/IAMVERYSMART + +"FUUD" + +YOU MISSED THAT TRAIN BRO BASTARD + +"MODERATOR BAN" + +two guys with the name of zy and hz come up and write /ban. + +I'm banned. + +------- + +Is this the innovation that replaces the internet, the banks? Is this the saviour of humanity, is this Satoshi? +btw: is Tron partition tolerant? -I still need this info. + +Edit: screenshots added (some parts are missing): + +https://i.imgur.com/5kky1OZ.jpg +https://i.imgur.com/t0pEYwc.jpg +https://imgur.com/a/3zSFo36 + +Edit2: Before more people ask why I added IOTA on top, well, it's relevant to how I have been greeted when I joined that Telegram. They really didn't like my name. + +Edit3: Man this thing blew up... Concerning "you called them sheeps and were an asshole too". Of course, I was an asshole! After these idiots started their Lambo chase against me and my kindly asked questions. You wouldn't defend yourself, no? +Me and my GF are looking to rent a house for 6 months before we buy one together as there is less of a risk should anything go wrong between us. We've found one and the amount of hoops we've had to jump through is insane. + +We both have really well paid jobs in stable environments, with great credit etc. however the amount of information they keep asking us to provide is insane and I have no idea why they need so much. + +So far we have both provided, passport, birth certicate, driving license, 6 months payslips, full bank statements as far as can go back, employer reference, full statements from all savings accounts, my guarantor had to provide 4 years worth of financial transactions (self employed), company house details and have his accountant give a reference. Every time we submit some info they ask for more. Its a fully legitimate letting company, so not worried about being scammed but even still this seems a bit ridiculous. + +All this for a 6 month contract that overall comes to like 4k~ total. + +I've only ever rented student accommodation so maybe this is the norm and I'm just not well educated on renting but just wanted to see if anyone else has had the same experience. +The spreadsheet +https://picbun.com/p/Vt7FUncq + + +I'm building an excel spreadsheet with my current expenses and adding in estimated future expenses such as more home help, cleaning, yard work maybe etc, I won't always be able to be diy guy. I'm also estimating Healthcare costs and insurance as well as travel/vacation. + + +But do I need to be inflation adjusting these expenses in order to match up with where I'm projecting my portfolio growth to be in 10 to 15 years from now? + + + +If I use today's estimated costs for things I'll need in 15 years from now when I may reach FI and potentially RE will my numbers be somewhat accurate? Or will they be way off? + + +I'm also guessing that $1200 per month can get my wife and I health insurance with maybe a 6k deductible. + +And I'm estimating that after 10 to 15 years we'll refinance the house and will owe less per month than current. 155k owed currently. Probably 100k owed in 10 years if we make a few extra payments here and there. + +I see s&p500 is 10.5 percent annual returns before inflation adjustment and 7 percent adjusted. I assume 7 percent is the number I would use. + + +Do I use a compound interest calculator for these growth projections? I know it's not a CD or a bond so I didn't know if compound calculator was the choice for this sort of investment. + + + +What savings goal should I realistically set? I'm not looking to nail it down to an exact number but I'd like to know if I'm in the right ballpark with my estimates. I keep coming up with between 1.8M and 2.5M depending on how I project my expenses. But if I need to be projecting my future inflation adjusted expenses then my numbers are too low... + + + + I'm aiming for 28X my annual spending because I'll be a bit less than 50 years old when I may start reaching these portfolio values needed. So need to get 50 years out of the portfolio. + + + +And my portfolio allocation is going to be 50 percent VTI and 50 percent VOO. I know it's a redundant mix. I currently have a lump sum of cash that I can DCA into the market over the next 18 months so I can change this allocation if needed. +Spoiler: VTI does not beat VOO. SCHD is the winner over time. + +I have read so many opinions on what ETF is better for growth, dividends, appreciation, etc. that I decided to actually look into what everyone was talking about. This is what I found out and discovered. + +These are a few things stand out to me from this simulation. + +1. Only SCHD and QYLD leave you with the necessary retirement portfolio nest egg ($2.547 million) after 30 years in all 4 scenarios. +2. In even the Bull Case, IDV does not get you to the required retirement portfolio nest egg ($2.547 million). +3. In two of the four scenarios, IDV results in the smallest 30 year portfolio total value and two of the four smallest dividend income amounts in year 30. +4. In two of the four scenarios, DON results in two of the four smallest dividend income amounts in year 30. +5. QYLD has potential for a place in a retirement portfolio (and not just for those retiring in the next 5 years), but that depends mostly on the assumption of their stock price appreciation and continued dividend growth. + +This is a long post, my apologies in advance. + +Before I begin, I obtained my information from Yahoo Finance and Seeking Alpha for all historical information (dividend growth, stock price performance, dividend CAGR, etc.), I obtained my dividend and appreciation calculator (excel spreadsheet skeleton) from [MarketBeat.com](https://MarketBeat.com), and I obtained current and projected retirement information from [bankrate.com](https://bankrate.com). + +I will also disclose that I have positions in VOO and SCHD. I had positions in NOBL and DGRO but liquidated them (prior to writing this) in order to buy more VOO and SCHD. I hold no other positions in any other ETFs covered. I hold those positions in a Roth IRA Account. + +My simulations are assuming that this compounding happens in a Roth IRA over 30 years. It also assumes that the entire $6,000 allowed to be invested in a Roth IRA goes to that single ETF. This is not intended to be recommendations for anyone’s allocation, just interesting math. Also, the math is the same for all ETFs, so if you get different values for similar numbers, the results are still consistent relative to each other despite some possible mathematical differences. Also, understand that ETFs are still a relatively new thing to investing, so some of these ETFs do not have the same amount of historical data. I also looked at what your dividend income would be at year 30 of this investing strategy; the idea here would be, this is when you would be getting close to begin actually taking those dividends in cash vs. keeping them on DRIP. + +I also looked at these ETFs vs what your goal retirement income and portfolio value would need to be if you start investing at 30 and want to support retiring at 65. This also assumes you will need $60,000 annual salary in retirement (today’s money, becomes \~$186,000 per year salary when you retire) and an average 3% inflation rate. + +I look at the following ETFs in my backtesting simulation: SCHD, QYLD, DGRO, NOBL, VYM, VOO, VT, VTI, SPHD, FVD, DON, IDV, SDY, and VIG. I run the simulation for each ETF over the next 30 years under the following four scenarios: (Scenario 1) Current dividend CAGR, 8% stock price appreciation; (Scenario 2) Smaller dividend CAGR, 8 % stock price appreciation; (Scenario 3: Bear Case) Smaller CAGR, 3% stock price appreciation; (Scenario 4: Bull Case) Current dividend CAGR, current stock price appreciation (5 yr average). + +I believe that there are misconceptions about “dividend investing” as it relates to younger investors. To put it bluntly, you have a higher percentage chance of making more money over the long run. Dividend investing is not solely for those trying to live off that income now; the power of compounding over a long period of time in fact beats some popular growth ETFs. For instance, by my spreadsheets, one commonly recommended ETF for younger investors (VTI) never beat the S&P500 (VOO) when accounting for dividend growth and compounding. Yes VTI has more average annual stock appreciation than VOO, but only by a very small margin (5Yr of 16.09% to 15.82% and 10 Yr of 14.44% vs 14.45%). VTI also has a larger dividend CAGR (6.67% vs. 6.39%). The only thing that I can attribute VOO’s outperformance to is that it has a higher starting (current) dividend yield (1.41% vs. 1.31%). From my simulations, VTI and VOO always come out to very similar results after 30 years. With that being said, in only the Bull Case do VTI and/or VOO leave you with enough retirement nest egg to retire with the above assumptions using this Roth IRA account alone. + +However, neither of these ETFs even come close to SCHD’s 30 year performance. In every scenario SCHD far surpasses every other ETF except QYLD (more on this below). SCHD’s 5 Yr stock price appreciation (12.20%) coupled with its 5 yr dividend CAGR (14.42%) blows the others away (minus QYLD depending on the scenario). They don’t even come very close. SCHD blows away VTI, VOO, and VT. SCHD gets you comfortably to the required retirement portfolio amount ($2.547 million) in every scenario above. + +Then there was QYLD. They have very limited dividend information as they only started paying a dividend in 2019. So forecasting their dividend growth for the next 30 years is a bit folly. But there seems to be the common conception that QYLD mostly trades sideways; this is untrue. Their 5 Yr average stock price performance is 10.60%, which is not insignificant. Their 30 Yr performance is largely swayed by what their dividend CAGR will be over that amount of time; which is anyone’s guess. Can they maintain their 2018 to 2019 jump in dividend payments of 14.57%? I think not. In my calculations for “Smaller CAGR,” I assume a CAGR of 0% for QYLD. It is there that we see what I believe is closer to accuracy over the next 30 years. + +I am not a financial advisor, and all this is the result of me being curious about what people are saying and if it actually has basis in math over the long run. Read and heed at your own risk. After all, anything to do with investing in the stock market is risky. + +Open to discussion on this commonly discussed topic. + +Edit: Linked spreadsheet is [here](https://drive.google.com/file/d/1kHBkEKLHz2y-KeGk2RZekLYtSrBNkLQy/view?usp=sharing) +The exact AUM is 5,927 million dollars + +[https://etfdb.com/etf/QYLD/#etf-ticker-profile](https://etfdb.com/etf/QYLD/#etf-ticker-profile) + +List of all the institutional holders of QYLD (sort by shares to see Morgan Stanley being the 2nd largest holder of QYLD. You will see other big bank names there as well). + +[https://fintel.io/so/us/qyld](https://fintel.io/so/us/qyld) + +So QYLD haters, keep hating ! If you somehow can convince me that you are smarter than the pros at Morgan Stanley, I might entertain reading what you have to say ! + + +I was planning to transfer from Robinhood to M1 after seeing so many praises from reddit users in various investing related subreddits. I downloaded the app and I simply cant figure out buying individual stocks which should be pretty straightforward for a normal user. I am pretty tech savvy and still finding it hard. Is that just me? I like the concept of creating pies and creating portfolio but in my opinion basic functionality of buying a stock should be available AND should be EASY. Am I missing something obvious here? +To keep it short, certain circumstances have forced me to drop out of school during my second year of university. I’ve got a job ready for me as a Mortgage Loan Officer 9-7. Is there anything I can trade that is 24/7? I’ve got a binance crypto futures account with a VPN (i live in the USA, don’t use US binance) but i’m pretty sure due to ID verification i’m only restricted to 20x leverage which is also okay if I guess that seems to be my last resort. I’m very familiar and experienced with day trading and the risk that comes with it. I’d definitely rather prefer to trade index options 24/7 like SPX and VIX if anybody could direct me on how to do that. Never traded forex but if i have to adapt then so be it. I’m also thinking of trying to swing trade during that 9-7 if it’s possible. i’m just a young 19 year old trying to make it out legitimately, if you could spare some great advice it’d be much appreciated. Thanks fellas. + +Edit: Thanks for all the appreciated help Kings, i’ve decided to do early morning trading at 5am on the crypto futures market, some swings on stock options during work, and maybe some futures on ninja trader after work along with some charting and studying. Life is about to get very real and fulfilling. PS, for the people who want me to go back to school - I will probably end up doing that just because I’d like to open up my own Mortgage Broker in the future, and a degree is required to do so. Or who am I fooling, if I get overly comfortable with how life goes right now, I might just not even go. We’ll see what time will tell. Regardless, you guys helped me carve a well rounded schedule to execute further on. Again, I thank and appreciate you guys. +I've been trying to make a transaction for more than 12 hours. When I saw the huge price run up and this guy's report, plus the ridiculous response from David, I thought maybe it's time to sell a few. + +https://twitter.com/jratcliff/status/939578638432985088 + +Well... I can't move any at all. Can anyone else? Either way, how come so many of us can't make a transaction? + +As bitcoin touched All time high of 40K and money starting to pour into high cap coins and mid cap coins. Anytime money can flow into low cap coins for fully blown altcoins bull run. Below are the list of top 5 potential 50x in alt coin bull and reasons why chose them. + +1) Fusion - It has great tech likes Time lock, quantum swap, DCRM. Working product like Anyswap and new "be your own bank" app called chainge is under development. Compared with DOT, NEO, ATOM fusion is highly under valued. MC less than 12m and circulating supply of 66m and Max supply of 81M fusion is already 50X behind NEO, ATOM and DOT. No doubt it can pump up so easily. There is speculation of Binance listing soon. + +2) Aergo - Aergo has a great tech with proven 13K TPS. They have solid parnership with samsung and korean government. Apart from that they have parnerships with PWC, Hyundai etc. Their main product Aergo Hub beta gonna be launched soon and mainnet of aergo by end Q1. It will explode like theta anytime + +3) ANY - Anyswap is a by product of fusion and competitor to ethereums uniswap. Anyswap is cheap and tokens are listed after due diligence and community voting so no scam coins will be listed here easily. They have more interoperability and bridged many other chains. DCRM usage in anyswap makes it more secured compared to ethereums. Their Native token ANY and its MC is so undervalued their tech and when compared to UNIswaps UNI. Easy 50X token as total supply is any is only 100m and circulating supply is less than 13m. + +4) Navcoin - Navcoin MC is less than 11m and they launched privacy protocol on January. It will be implemented on March first week. Compared to Verge, XMR, ZEN, PIVX, FIRO the current market cap of navcoin is so much under valued as supply of navcoin is just 70m with small inflation. + +5) Credits - Only 220m supply, 1m TPS which team is trying to prove in mainnet. The price has gone much so down but once they prove their TPS it can do easy 50X. But it's highly speculative. + +All the tokens which I picked up or less than 12m MC. There are few other good ones like QUANT, TRAC but they already seen some good runs so I have excluded it here. + +What's your thought on my pickings and what will be your picks? +Had my card details compromised last week and found a very common method for fraudsters to get money out is to charge multiple deposits to gambling websites. Lucky I locked my card after they charged £40 to SkyBet and has been reversed but as I don't gamble I'll now be keep them blocked. +With rising rates I’m paying my two properties down at about half the rate, my payments have gone up and a higher percentage of the payments is only going towards higher interest payment. + +Part of me is saying just ride this out as the interest is a tax deduction and the other half of me wants to put more cash towards the principal rather than other forms of savings. + +Thoughts? +Longtime lurker... For a variety of reasons, my wife and I are looking into investing in vacation rentals. We have not done any real estate investing before. Our plan is to start close to home (we live near, but not in some high traffic vacation destinations) and see where it leads. We will use a property management service, but my wife is also looking at it as something she can contribute time to do. + +I'm curious what experiences people here have had with investing in vacation properties. How did you approach evaluating properties? What resources did you find helpful? What worked? What didn't work? What should we watch out for? What type of property did you target? What locations? What size property? Did you use a property manager? What listing sites did you use? +Longtime lurker... For a variety of reasons, my wife and I are looking into investing in vacation rentals. We have not done any real estate investing before. Our plan is to start close to home (we live near, but not in some high traffic vacation destinations) and see where it leads. We will use a property management service, but my wife is also looking at it as something she can contribute time to do. + +I'm curious what experiences people here have had with investing in vacation properties. How did you approach evaluating properties? What resources did you find helpful? What worked? What didn't work? What should we watch out for? What type of property did you target? What locations? What size property? Did you use a property manager? What listing sites did you use? +Just wondering if anyone had any insight in this company? I've been looking to update my position in it - not sure if I want to keep holding or if I want to buy more. A phase three clinical trial company - should be low risk with high opportunity for partnership/buyouts.... +[MVMD Reddit ](www.reddit.com/r/mvmd) + +MVMD has been gaining heavy attention over the past couple of months and for all good reasons. They have patented technology that can be revolutionary to the way big pharma ships and delivers pharmaceuticals and vaccines. + +There are many different angles that MVMD can prove to be a strong stock based on the pre clinical trials they are involved with. + +This past week they were fast forward to the LEVEL 4 covid testing lab based on their presentation (usually takes 3 years) in a matter of 5 weeks. + +MVMD Takes Existing Vaccines and Drugs - And Delivers Them Better. + +Both Into The Body and By Transportation To The World. + +Way Better. + +For the purposes of introducing you to Mountain Valley MD (MVMD), we’ll use vaccines as an example given the state of the world since COVID-19 arrived. Specifically, we’ve all heard more about vaccines in 12 months than we have in the last 12 years. One thing we all know about vaccines is that vaccination is the safest way to protect people against infectious diseases. + +BUT + +One thing we don’t know or understand about vaccinations is that they are only as good as: + +1. The global physical delivery system that actually gets them from the manufacturer to the hands of nurse who injects the vaccine; + +2. The delivery system into your body (i.e. injection) + +If either parts of these delivery systems are weak, or even fail, a vaccine loses some or even all of its potency - and that’s not good. + +This is where MVMD comes in. They don’t make the vaccines, drugs or pharmaceuticals. + +What they do is make their delivery better. Their physical delivery until their ultimate delivery into your body - and that is very good. + +By doing so, they help save lives and they help manufacturers be more profitable - and that is very good for humanity and shareholders. + +Now that you understand the value proposition of MVMD, you can begin to understand the power of MVMD’s mission statement: + +Mountain Valley MD is building a world-class biotech and life sciences company organization centred around the implementation of its: + +Patented oral drug formulation and delivery technologies - Quicksome™ +Solubilization Technology : Quicksol(™) takes highly insoluble drugs and makes them solubilized (more like water) into deliverable products, making delivery more effective + +This is the delivery system into the body we talked about above and will discuss in further detail below. As you will see, it too is incredibly exciting. + +The Japanese scientist who discovered Ivermectin 30 years ago, was recently awarded the Nobel Prize in Physiology and Medicine for his discovery of Ivermectin + +Ivermectin is on the World Health Organization's List of Essential Medicines. It is an antiparasitic drug that was valued at US$7.2 billion in 2019 - but has suddenly become significantly more relevant as a “Wonder Drug” for dealing with COVID-19. + +As you will see further below, MVMD has made the impact of Ivermectin better by several magnitudes, with 500% and 600% increases in key performance metrics, which in turn has created a massive market opportunity for the Company. + +MVMD TARGET MARKETS + +There are 2 markets MVMD is targeting and going after: + +1. HUMAN + +This is obvious and you would think it is their biggest market. It is not. + +2. ANIMAL + +The market for animals is not only bigger than the human market by several magnitudes, it is also an easier market to address given the fact millions of animals can be culled and hundreds of millions of dollars lost with just one virus outbreak. + +MVMD 3 METHODS OF DRUG DELIVERY + +1. INJECTABLE (Human & Animal) + +The injectable delivery of vaccines and drugs is the most well known. + +2. SUBLINGUAL (Human Only) + +Sublingual, from the Latin for "under the tongue", is a way of giving medication by placing the drug beneath the tongue. They are absorbed and dissolved into the bloodstream because the area underneath the tongue has tiny blood capillaries. Therefore, drugs are absorbed directly and quickly into the body without passing through the digestive system. + +The nature of sublingual delivery means it can only apply to humans. + +3. TOPICAL (Human & Animal) + +Topical means applying medicine to a localized part of the body and is administered by applying directly to the skin, but can also include the nose and eyes to absorb medication. + +MVMD VIRUSES & DISEASES TARGETED + +1. Polio + +2. Malaria + +3. Covid-19 + +4. H5N8 (Avian Flu) + +5. H5N1 (Swine Flu) + +6. Tuberculosis + +DEEPER DIVE - THE COLD CHAIN PROBLEM, MASSIVE MARKET AND THE MOUNTAIN VALLEY MD SOLUTION + +Generally speaking, a cold chain is a temperature-controlled supply chain for a product that requires a specific temperature range during distribution. + +The most common example that we can all relate to is the distribution of food such as meats or milk. When we buy these at the store, they are refrigerated and have been refrigerated all the way back to when they were packaged. + +They even remain refrigerated at your home until the moment you decide to consume them. + +VACCINE COLD CHAINS - Most of us probably don’t realize that vaccines have to go through the same process. The government of Canada website generally describes it as follows: + + + +The “cold chain” refers to the process used to maintain optimal temperature conditions during the + +transport +storage and +handling of vaccines +The process starts at the vaccine manufacturer and ends with the administration of the vaccine to the patient. +A high-quality cold chain allows health workers to deliver life-saving vaccines to every last child. +Excessive heat or cold exposure can damage vaccines. +THE IMPORTANCE OF MAINTAINING THE COLD CHAIN + +Vaccines are sensitive biological products that may become less effective, or even destroyed, when exposed to: + +temperatures outside their recommended range and/or +to direct sunlight or fluorescent light. +Cold-sensitive vaccines suffer an immediate loss of potency following freezing. + +Heat-sensitive vaccines will suffer some loss of potency following temperatures above their range. Repetitive exposure to higher temperatures results in loss of potency. + +Over 95% of all approved biologics and 90% of all vaccines are cold chain dependent. According to the data presented by the WHO, the current global vaccination coverage is nearly 85%. However, it has been reported that 25% of vaccines are damaged due to cold chain malfunction. In some countries, about 80% of the drugs are estimated to lose their potency due to inadequate temperature control during their cold chain transportation. + +WHAT CAUSES THE COLD CHAIN TO BREAK? + +There are many situations that can cause a vaccine cold chain to break including: + +equipment failures +power outages +natural disasters +However, the biggest cause of a vaccine cold chain break comes from the fact that people who need vaccines the most - the most vulnerable - live in areas with poor infrastructure, let alone refrigeration. + + + + + +According to the NCBI: + +Vaccine preventable diseases like polio, measles, and hepatitis are a major cause of morbidity and mortality among children in developing countries. Vaccination is one of the most effective disease prevention strategies when implemented properly across all sections of the at-risk population. Immunization against a disease is achieved only if a potent vaccine is administered. The system used for keeping and distributing vaccines in good condition is called the “cold chain.” + +For some vaccines, even the slightest variations in temperature / storage conditions can adversely alter product integrity and / or viability. + +Unfortunately, vaccination rates in India indicate a considerable disparity between children in urban compared with rural areas. Only 27% of the population lives in the urban parts of the country. The weak health infrastructure and unsanitary conditions contribute to the increased incidence of diseases like polio, cholera, and hepatitis in rural areas compared with the urban areas. + +MVMD QUICKSOME(™) ELIMINATES THE COLD CHAIN + +On January 14, 2021 Mountain Valley MD Was Awarded A Canadian Patent for its Quicksome™ Technology. Quicksome™ uses an advanced two-step process to formulate active ingredients, which previously could not be absorbed and used by the body, into highly effective oral product formats. + +Quicksome™ technology is being applied across a variety of vaccine, drug and nutraceutical applications across numerous continents: + +https://i.ibb.co/p3cxNzb/Quote5-2.jpg + +PRE-CLINICAL DATA SHOWS IVERMECTIN ABSORPTION VASTLY IMPROVED BY QUICKSOME™ + +On December 10, 2020, MVMD released pre-clinical trial data where a solubilized version of the drug Ivermectin was administered via its Quicksome™ technology, as compared to an existing oral Ivermectin solution. The results demonstrated the Quicksome™ technology was able to successfully administer Ivermectin across the mucosa (The moist, inner lining of some organs and body cavities ), with a significant improvement in the pharmacokinetic performance (the movement of drug into, through, and out of the body) compared to current oral formats. + +HOW MUCH BETTER WAS IVERMECTIN WITH Quicksome™? + +The pre-clinical data included: + +A 500% increase in absorption and use by the body compared to oral tablets; +A 600% increase in TMAX of just 1 hour (the time to reach the maximum concentration in the body) compared to oral tablets; +0% decline in CMAX (peak concentration that a drug achieves) over the entire 6-hour period investigated +Only 5% variability compared to 40% variability for oral tablets. +Just how substantial are these improvements? This quote says it all: + +“MVMD Has Succeeded In Making A Nobel Prize Winning Wonder Drug Even Better Based On Overcoming Its Number One Limitation Of Solubility.” + +Mike Farber, Chief Science Officer at Mountain Valley MD + +Quote-1 + +“For me personally, the idea that our delivery technology could help dispense drugs such as insulin or deliver vaccines into the body through a rapid dissolve sublingual strip and eliminate the need for painful needle injections is truly game changing.” + +Dennis Hancock, President and CEO of Mountain Valley MD + + + +DEEPER DIVE - IVERMECTIN THE “WONDER DRUG”, MARKET SIZE, PROBLEMS AND THE MOUNTAIN VALLEY MD SOLUTION + +quote6-1 + +MALARIA, POLICY & GLOBAL DEVELOPMENT + +INTRO + +Quicksol(™) takes highly insoluble drugs and makes them solubilized (more like water) into deliverable products. + +WHY IS SOLUBILITY SO CRITICAL + +Poor solubility causes low bioavailability (the degree and rate at which a drug is absorbed into the body). As you can imagine, low solubility and absorption often decrease a drug’s efficacy. As a result, poorly soluble drugs require higher doses in order to reach their optimal therapeutic levels, leading to problems such as gastrointestinal mucosal toxicity (a membrane that lines various cavities in the body and covers the surface of internal organs) - and you don’t need a medical degree to know that isn’t good. + +On its face, this seems both logical and probably simple to solve. It isn’t. In fact it’s a major problem for both society and the businesses of pharmaceutical companies. + +HOW BIG OF A PROBLEM IS SOLUBILITY? MEDICATIONS MAY NEVER MAKE IT TO PATIENTS WHILE WASTING DRUG DEVELOPERS TIME AND MONEY + +“It is generally recognized that poor solubility is one of the most frequently encountered difficulties in the field of pharmaceutics.” + +Kumar and Singh. American Journal of Pharmacological Sciences + +Poor solubility can lower a drug’s chance of marking it to market. + +fIX-1 + +As you can see, this is a problem because drug developers waste time and money on medications that will never make it to patients. + +ENTER QUICKSOL(™) + +Quicksol + +Quicksol™ WITH IVERMECTIN IMPROVES SOLUBILITY AND DRUG DELIVERY + +Enabling enhanced injection or other liquid application of poorly soluble drug to enhance bioavailability with new delivery options. + +Simply put, Quicksol takes known drugs that are inefficient in delivering their intended medicinal purpose and makes them soluble. Quicksol™ improves them by increasing the ability to deliver more of the drug effectively through increased solubility + +Applications are both Oral and Injectable +Increases Bioavailability, which is the means to how much is delivered +Eliminates variability Why is this important +Provides precise dosing +QUICKSOL TECHNOLOGY PROJECTS INVOLVING IVERMECTIN + +The use of Ivermectin in Canines is being studied in 2021 and early results demonstrate that an injection into the muscle increases bioavailability by 800% versus injecting subcutaneously, (which is the layer between the skin and muscle) + +Early results show the effectiveness in 15 minutes versus normal 36 hours for injection Ivermectin has been accepted for COVID-19 therapeutic clearance: +On January 14 2021: The US National Institute of Health (NIH - US Department Of Health & Human Services) Revised It's Treatment Guidelines for Ivermectin for the Treatment of COVID-19 + +Large Scale Ivermectin Production + +MVMD now planning large scale Ivermectin Production for humans and animals +Farm Animals and Pet Animals + +Solubilized Ivermectin allows for needle free injection applications +Farm Animals and the Pet market is open to control parasite issues +Includes water supply treatment testing +Avian Bird Flu Market + +Pursuing mass needle free injection projects to prevent avian flu in poultry +Swine Flu Market + +Testing applications for treatment of swine flu outbreak +Mountain Valley MD is building a world class biotechnology company addressing the delivery issues faced by the vaccine industry, taking existing vaccines and drugs, and delivering them better. +In January there were [14,000,000](https://www.reddit.com/r/Bitcoin/comments/7k6d9b/there_are_currently_one_million_bitcoin_addresses/drcnvv4/) addresses containing 0.001 BTC or less. Now there are around [10,500,000](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html). + +Low fees have prompted a huge amount of defragging, much of it at 1 sat/byte: [this one](https://blockchain.info/tx/718aa20170f552b7a307129465447511467f2830633a4f4e0c026986d12f5e64) for example consolidating tiny 824 satoshi dust particles. + +The [UTXO](https://blockchain.info/charts/utxo-count?timespan=1year) has consolidated from 67.5 million to 55 million. At a rough guess, for the last several weeks about a quarter of daily volume (by MB) has been this ‘backlog’ of defragging (backlog from when high fees made it too expensive). Consolidating 12.5 million bits of dust at 148 bytes per input fills getting on for 2,000 blocks - almost 2 weeks’ worth of traffic. + +When the defrag backlog is done, and now we have segwit and batching, transacting at 1 sat/byte knowing you’ll get into the next few blocks could become the norm again. + +My wife and I had about $150K in our redraw facility for our commbank home loan. As of some time last week it is no longer available to redraw. Remember if you ever want to be guaranteed of using the money when you need it get an offset account +Hi fellow apes, I think even with the acknowledgement of the bystander effect taking place in this community, we are still acting as bystanders. If you really believe in a floor of $50M+, then the majority of your shares should be in computershare. Honestly, I myself am contributing to the bystander effect in this community as well. I transferred 100 shares and told myself I played my part but that isn't enough. I am being selfish in that i'm only playing MY part knowing other apes are going to act as bystanders even though they know its a problem. I truly believe that a floor of $50M+ is realistic and because of this, I am going to commit to transferring 90% of my shares to DRS. I think apes should seriously consider transferring 90% of their shares if we want MOASS to happen. I will show proof in the next coming days. Thanks for listening. + +THIS IS NOT FINANCIAL ADVICE!!! +HDFC global Investmenting US market equity + +Has Anyone invested in US market with HDFC Global investing? how was your experience and what stock would you recommend. what careful points we need to take care. how were the deduction on liquidation. would you recommend it for wealth creation. I would be very thankful for your answer. +I just got mailed a $54 check for "participating in the Kelly vs first advantage background service corp class action settlement". + +The letter then goes on to say that I was identified as someone who had a background check done on me without being noticed about it. +It makes sense because I constantly apply for various jobs online. + +The check looks real. Seems like a real reason. Is there any reason I shouldn't put the check in my bank account? + + + + +So now that I know it totally safe thanks to all your comments what should I do with my newly found money? +Put it towards a Mother's Day gift? +Gamble it? Maybe put $50 on lebron to win tomorrow +Give a generous tip next time I get good service somewhere. +Doesn't seem enough to invest but it's enough to have quick fun with. If you have any suggestions let me know. +I just need to vent right now. + +I got my dad turned onto Bitcoin and he ended up with a sizeable chunk on coinbase, right? He gets his passwords compromised at least once a year, so being the dutiful son that I am, I buy him a trezor and my wife and I help him set it up. + +He's a little upset that he can't check his balance all the time, but I assure him it's much safer in his trezor that's sitting in his closet safe than it is on coinbase. + +Fast forward to yesterday. I'm on vacation and he calls me asking why his trezor pin doesn't work. He tells me, "it already had me put in all 24 of those damn passwords, why won't it work?". + +I told him over and over and over when I set up his trezor and the seed phrase. "Dad, don't type this in anywhere, don't even take a photo of it". And what does he do the first time he tries to use his trezor himself? + +I am so angry and frustrated right now it's kinda ruining my vacation. You cannot save people from themselves. + +EDIT: While I appreciate the "advice" of all you crypto aficionados, consider this - dear old dad was supposed to leave the trezor in his safe and not touch it without me. Literally he had an index card with all the Do's, Don'ts, and all that. And sweet lord Satoshi, y'all project/assume a lot. + +EDIT2: Reading all the comments, both the empathetic and the weirdly hostile/salty ones, made me feel better about the whole situation. And yeah, my immediate thought as soon as he called me was that I should have kept the seed to myself. Fuck me for trusting my old man to listen to me. Big lesson learned, and not about BTC. + +And since people have asked what exactly happened and to pass that lesson along: Afaik he tried to access his trezor and ended up on a trezor lookalike site that prompted him to put in his recovery seed. I don't know much beyond that right now. +Hi fatFIRE! + +I am a 29m, NW ~3mm, income ~300k, living with my fiancee (28f). This sub talks a lot about concierge medicine and I have a somewhat related question. + +For as long as I've known my fiancee, she has suffered from fairly bad anxiety and depression. Throughout the years we've known each other, she's always been in therapy (been thru 3 therapists for various reason) and on some combination of drugs from psychiatrists who are unaffiliated with her therapists. + +Long story short, this has felt kludgy and slow for a long time. I know there is no miracle pill for this kind of thing, but it also feels like the sort of problem that the time and money fatFIRE allows can attack more aggressively than we have thusfar (weekly therapy with a local doc and a slow build up of SSRIs). + +Reading [an article on ketamine](https://www.nytimes.com/2021/11/04/well/ketamine-therapy-depression.html) in the times this AM in particular led me to believe that there are many treatment avenues that we have not yet gone down. + +Have any of you had luck pursuing more aggressive or esoteric treatments here? Is there a service that exists that can take a more all encompassing view of her mental health (it's always seemed bizarre to me that there's no feedback loop between therapist and drug prescriber)? Anything I haven't thought of? + + +Thanks for the time! +I'll try and be brief - + +Really like my current job (Engineer), LOVE my current manager, like where I live, and other than not saving as much as I would like, life is great. I live in an extremely low cost of living part of the Midwest and make good pay for the area ($80k + ~7-10% bonus). Problem is there is no room to grow where I'm at besides my current manager's job and I'm pretty certain he has at least 6-8 years before he retires... and even then I'm by no means promised that role. + +I received a message two weeks ago on Linked In from a talent person from this new company (not a generic headhunter). I spoke to their talent person twice, and what would be my manager once. Everyone seemed great, the position seemed like something I'm certain I could do well, and its large enough company where I'm not worried about it going out. The next step would be potentially flying out to the location of the new job, touring the facility, etc etc. Its essentially what I do now but I would working with two manufacturing plants vs. currently I oversee one. I would be working / looking to move to Seattle, WA .... so a much much more expensive cost of living. + +Assuming things keep rolling forward, we've sort of sussed out that for me to be interested I would need $150k to make the move worth while, they seemed agreeable to that. I would be almost doubling my current pay, which to me is 2x my 401k contribution + 2x match right off the top. Washington also doesn't have state income tax (sales tax is higher though) so that would be like another free 6% raise. + +After we sell our current house, buy an a home for $600k or less in Seattle (my current number I use to budget), after all pre and post tax deductions, assumed bills for heat/electric/cell phone/cable/etcetc, current car payments and 2x the cost for car insurance, giving us $500/wk for my wife and I to live on, I could stick ~$5k/mo away. Right now we save ~$1k a month on top of the 401ks. Roughly $60k extra a year in the bank would be quite nice. + +At 29, this much of a bump makes a huge difference on when I could retire... If I get offered the job, I pretty much have to take this right?! + +**EDIT** + +Thanks for all the info, I really appreciate it! + +I should clarify a few things - the "buy a home" section was sort of for reference for budget sake... I would plan on leasing for probably a year, maybe 6-months if I found one. Also when it would be time to buy I would not be looking near downtown or east. Most likely West Seattle or stretching south to Kent, Renton, Des Moines, etc.,... I would think $600k get it done in those areas. + +And my budget numbers were including my wife's salary assuming she doesn't make a dime more than she currently does. + +Thanks again! + +**EDIT 2** + +Not software engineering / tech +I know the API is clunky and difficult to work with, but is the data itself good for building a strategy and backtesting? I've heard the tick data is not accurate but is it accurate for both live and historical OHLCV data on 5 minute intervals? If not, what are some good but cheap (I'm a student haha) historical and real-time data providers commonly used for algotrading? + +Thanks! +If this post is too personal/specific to me, I apologize. I (25M) lost my parents in 2019, and through those events came into a very sizable inheritance (~7M since this crazy market growth). + +I took about a month off after everything happened, but eventually knew I had to get back to work to start the process of moving on. It’s been about a year and a half since being back, and while I’ve been able to mentally accept and move past what happened, I now have a new mental dilemma, am I wasting my time at my job? + +I work in med device sales, and in a good year I’ll pull ~90k. I’m definitely competent, but I’m not an all star either. At the end of the day, I don’t see my career trajectory breaking through middle management. Beyond all that - I fucking hate it. I hate the quotas, the pointless meetings, the customers who demand the world and I have to be the one who can’t give it to them. My only gratification is Friday afternoon when I can tell my weekend is on the horizon. + +I understand that this is likely the mentality of 99% of the American workforce, but in my situation it feels like I’m subjecting myself to it for no reason. My salary will never be in spitting distance of my capital gains, and I do have hobbies I genuinely enjoy and would much rather pursue. I feel like I’m at my job because, well, that’s what everyone else is doing. So r/FatFIRE, and I wasting my time? +[https://www.cnbc.com/2022/12/15/elon-musk-sells-another-huge-chunk-of-tesla-shares-.html](https://www.cnbc.com/2022/12/15/elon-musk-sells-another-huge-chunk-of-tesla-shares-.html) + +This is the 2nd or 3rd sale since he publicly said he was done + + [https://twitter.com/elonmusk/status/1519850299757846530?s=20&t=PZQbCUDUijtxV-mTomrH3Q](https://twitter.com/elonmusk/status/1519850299757846530?s=20&t=PZQbCUDUijtxV-mTomrH3Q) + +Wonder how the market will respond tomorrow +The pharmaceutical giants Pfizer and Allergan will combine to form a $160 billion global drug behemoth. + +Allergan shareholders will be receiving $363.63 worth of Pfizer stock as payment. Specifically, for each share of Allergan, investors will receive 11.3 shares (based on the Pfizer's Friday closing price of $32.18) of the new combined company. + +Importantly, the combined businesses will be renamed Pfizer Plc but legally will be combined under Allergan Plc. This means the combined company will officially be domiciled in Ireland. +Hello. + +Basically my situation is a little more unique than normal. I got out of the military many years ago and since then I've been getting paid to go to school, working for a year, being unemployed, and getting paid to go to school again. Whatever. + +I managed to save up a lot of money in that time, however I am not able to put money into any employer associated retirement accounts like a 401k or IRA. The reason being is that I simply have not had an employer for more than a year outside the military. + +My question is, do I really need to concern myself with a 401k or IRA at this point? Can I even do so without having a stable job? + +I basically just put whatever money I can scavenge into a savings account. I'm considering investing that money into a CD, bond, or index fund, in order to have it grow and assist with my retirement goals. + +Thanks. +That I’m thankful for all the financial books I’ve read during these 1,5 years. Not only they motivated me to manage my finances, but also helped with my anxiety towards money. After being clear how much money is circulated in a larger scales, I realized that overthinking about less than 0.1% is worthless. + +I’m thankful that I’m past the “what if market crash happens”, stock prices, meme speculations, and timing the market; that I can understand most of what is written in the financial reports and start trusting personal analysis. + +Edit: my portfolio is up 25% but it's just a year I will post an update in 4 years from now + +Edit 2: for anyone interested in the books I’ve read, please follow this comment [thread](https://www.reddit.com/r/investing/comments/rece8o/after_a_year_of_investing_i_came_to_a_conclusion/ho6tbkx/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) +Guten Morgen to this global band of Apes! 👋🦍 + +This weekend was quite the delight, with a new friend joining this community in a very public way. I admit, at moments I was concerned that this community was going to drive u/RealPulte off with a deluge of 'catching up' material and generally being too much for someone to upend their weekend plans for, but Bill took it in stride and genuinely seems interested in continuing to engage with this movement. + +Meanwhile, RC has masterfully redirected our attention back to the malicious organization known as the Boston Consulting Group, or BCG. Apes have renewed investigations into BCG's antics, and everywhere we look there is a connection between BCG and company failures shortly after. Their business is predatory sycophancy to ensure that companies die, and anyone within a company who suggests hiring BCG is a snake in the grass. + +As we begin another week in this saga, take a brief moment to reflect back on how far we've come in the past year. Last April, a huge amount of focus was on the shareholder vote count, when barely any of us owned shares in our own name. Since then we've registered over 10m shares at ComputerShare. Can you believe that? Our Diamantenhände know no limits. + +Today is Monday, April 11th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$143.00 / 131,66 €** *(volume: 3783)* +- ⬜ 115 minutes in: $142.99 / 131,66 € *(volume: 3753)* +- ⬜ 110 minutes in: $142.99 / 131,66 € *(volume: 3753)* +- 🟥 105 minutes in: $142.99 / 131,66 € *(volume: 3663)* +- ⬜ 100 minutes in: $143.53 / 132,15 € *(volume: 3603)* +- ⬜ 95 minutes in: $143.53 / 132,15 € *(volume: 3495)* +- 🟩 90 minutes in: $143.53 / 132,15 € *(volume: 3477)* +- ⬜ 85 minutes in: $142.88 / 131,56 € *(volume: 3375)* +- 🟥 80 minutes in: $142.88 / 131,56 € *(volume: 3304)* +- 🟩 75 minutes in: $143.26 / 131,91 € *(volume: 3176)* +- 🟩 70 minutes in: $142.88 / 131,56 € *(volume: 3041)* +- 🟩 65 minutes in: $142.77 / 131,45 € *(volume: 3003)* +- ⬜ 60 minutes in: $142.50 / 131,20 € *(volume: 2593)* +- 🟥 55 minutes in: $142.50 / 131,20 € *(volume: 2592)* +- 🟩 50 minutes in: $142.88 / 131,56 € *(volume: 2475)* +- ⬜ 45 minutes in: $142.23 / 130,95 € *(volume: 2175)* +- ⬜ 40 minutes in: $142.23 / 130,95 € *(volume: 2061)* +- 🟩 35 minutes in: $142.23 / 130,95 € *(volume: 2050)* +- 🟩 30 minutes in: $141.95 / 130,70 € *(volume: 1948)* +- 🟥 25 minutes in: $141.86 / 130,61 € *(volume: 1285)* +- 🟥 20 minutes in: $142.61 / 131,31 € *(volume: 908)* +- 🟩 15 minutes in: $142.74 / 131,42 € *(volume: 808)* +- 🟥 10 minutes in: $142.58 / 131,28 € *(volume: 798)* +- 🟥 5 minutes in: $142.90 / 131,57 € *(volume: 775)* +- 🟥 0 minutes in: $143.79 / 132,39 € *(volume: 279)* +- 🟥 US close price: $146.19 / 134,60 € *($145.16 / 133,65 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0861. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Guten Morgen to this global band of Apes! 👋🦍 + +Exciting times indeed! With the crypto markets in freefall, we're seeing several crypto trading platforms suffer 'glitches' that are preventing their users from accessing the assets held on their behalf. This is highly suspicious to me, as the platforms would only take such extreme measures in times like this if it were the only way that they could remain afloat. They are well aware of the signal that it sends, and that breaking trust in such a way is going to be a heavy black mark on their reputation if they manage to survive. These are survival measures, and is a clear sign of the kinds of things that will be happen when the brokers start to fall. + +Meanwhile, the rest of the markets also had an incredibly bad day. It seems that investor sentiment has soured significantly, and it is not just crypto taking a hit. With the Fed expected to hike interest rates at a faster pace than previously expected, the money that used to flood the market is rapidly drying up. It's curious to me that RRP continues to set new records - are we seeing the cash that comes out of the market finding a safe home in the overnight deals? Could this be collateral that the brokers require to maintain the short positions? + +Finally, the FUD machine is in full force. It was hard to miss, but u/dlauer has recently been targeted by a campaign to raise suspicion of his motives and seed distrust of his efforts to drive market reform. Dave Lauer has been a steadfast supporter of this movement, and has helped to bring much insight to Apes. He is clearly on the right track, but I am glad to see so much support for him. + +This is already a more eventful week than many, and we're just about to start the second day of it! Will you please join me in this ride? + +Today is Tuesday, June 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$120.02 / 114,80 €** *(volume: 2517)* +- 🟥 115 minutes in: $120.25 / 115,02 € *(volume: 2450)* +- 🟩 110 minutes in: $120.26 / 115,03 € *(volume: 2425)* +- ⬜ 105 minutes in: $120.25 / 115,02 € *(volume: 2354)* +- 🟥 100 minutes in: $120.25 / 115,02 € *(volume: 2352)* +- 🟥 95 minutes in: $120.73 / 115,47 € *(volume: 2171)* +- 🟥 90 minutes in: $120.75 / 115,50 € *(volume: 2062)* +- ⬜ 85 minutes in: $120.76 / 115,50 € *(volume: 1922)* +- 🟩 80 minutes in: $120.76 / 115,50 € *(volume: 1922)* +- 🟩 75 minutes in: $120.33 / 115,09 € *(volume: 1769)* +- 🟥 70 minutes in: $120.33 / 115,09 € *(volume: 1701)* +- 🟩 65 minutes in: $120.33 / 115,09 € *(volume: 1699)* +- 🟩 60 minutes in: $120.31 / 115,07 € *(volume: 1691)* +- 🟥 55 minutes in: $120.25 / 115,02 € *(volume: 1551)* +- 🟩 50 minutes in: $120.32 / 115,08 € *(volume: 1520)* +- 🟩 45 minutes in: $120.17 / 114,94 € *(volume: 1510)* +- 🟥 40 minutes in: $120.17 / 114,94 € *(volume: 1487)* +- 🟥 35 minutes in: $120.25 / 115,02 € *(volume: 1481)* +- 🟥 30 minutes in: $120.25 / 115,02 € *(volume: 1448)* +- 🟥 25 minutes in: $120.43 / 115,19 € *(volume: 1404)* +- 🟩 20 minutes in: $120.54 / 115,29 € *(volume: 1185)* +- 🟩 15 minutes in: $119.61 / 114,41 € *(volume: 855)* +- 🟩 10 minutes in: $119.09 / 113,91 € *(volume: 455)* +- 🟩 5 minutes in: $118.55 / 113,39 € *(volume: 273)* +- 🟩 0 minutes in: $118.53 / 113,37 € *(volume: 263)* +- 🟥 US close price: $118.25 / 113,10 € *($117.90 / 112,77 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0455. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hey folks! + +So, my wife was accidentally paid for an extra week after she left her previous company back in 2019, and it wasn't realized until this year. The company (and its collectors) have been reaching out to us, but they're asking for the gross amount back, pre-tax, rather than the actual amount post-tax which was deposited into our account. + +I'm not sure how this works. Since taxes were already filed and paid for the tax year in which the overpayment occurred, what are we responsible for reimbursing them? Additionally, am I correct in saying that they need to provide us with a corrected W2 and we need to reach out to our accountants to have them file a corrected tax return? + +This is in NY state, by the way. Thanks in advance for any help 🙂 + +Edit: I'm heading into a dentist's appointment, but I'll answer any questions as soon as I'm done. +read the New York Times article and discuss: https://www.nytimes.com/2020/04/06/business/economy/coronavirus-economy.html?action=click&module=Top%20Stories&pgtype=Homepage + +Essentially, economists say, there won’t be a fully functioning economy again until people are confident that they can go about their business without a high risk of catching the virus. + +“Our ability to reopen the economy ultimately depends on our ability to better understand the spread and risk of the virus,” +I’m a tax CPA who’s prepared tax returns for clients worth millions. A lot of my clients use computershare for blue chips stocks. They receive 1099-DIV (dividends from stocks) and 1099-Bs (stock sales) from computershare when filing their tax returns. + +Computershare is not a scam and is in fact an agent for a lot of public companies. + +MOST IMPORTANTLY, YOU CAN NOT REGISTER MORE SHARES THAN WHAT EXISTS! Any additional purchases or transfers that is greater than the shares available will be rejected. + +There is no running away from this and the purchases go into the exchange and less likely to go to the dark pool. + +Does this mean this is the end of be all for the MOASS? I don’t know. But it is the shorts worst nightmare. I am learning about the market everyday as much as any smooth Brain 🦍, but I know for a fact computershare is legit. Remember to always analyze and enter at your own risk. + +This is not financial advice. I’m not a financial advisor. I will not be going into further details about my clients or job as it could jeopardize my license. + +Edit 1: If you use an IRA or Roth; transferring to computershare will treat it as a cash account. This means it could be marked as an equivalent of withdrawing money out of your IRA account early, and you would pay penalties for that in addition to the capital tax gains if/when you sell your shares. Just some food for thot. + +As for computershare having an IRA account or something similar, I have no clue about that. That would be something you would have to ask them. + +Edit 2: October 15th is the extended deadline to file your 2020 1040 Individual Tax Return. Don’t forget and don’t try to evade it. +Is there any way to prove that a strategy will work? To my knowledge and intuition, the best that anyone can do is backtest a strategy and test it in real-time trading and see if it works. But how do we know that any of this actually works and it doesn't just come out to luck? I guess this is another way of bringing up the argument regarding whether technical analysis is actually real or if it's just some psychological attempt to put some structure to the stock market. After all, if you think about it, why should the stock market be affected by all these indicators the way they do? Surely it has to have a lot to do with just how people react to certain things psychologically right? Sorry if this sounds kinda dumb but I'm just having a hard time wrapping my head around what seems to be a realization of how much investing/trading in the stock markets seem to just come down to luck. One of the big things that do keep me from admitting it is because funds like the Medallion Fund consistently perform based on algos, but even then it technically wouldn't be out of the realm of possibility to just get lucky very many times in a row considering how many people/funds try. +> Teza Technologies of Chicago plans to exit its proprietary trading business in the next six months to focus on building up a quantitative hedge fund that manages more than $1bn, company executives said. + + +https://www.ft.com/content/04d67750-a16a-11e6-891e-abe238dee8e2 + +http://pastebin.com/EsBaqKhK + +--------- + + +Update from previous post: + +https://www.reddit.com/r/algotrading/comments/4orwaa/is_teza_technologies_going_under/ + +https://www.reddit.com/r/FinancialCareers/comments/4orupz/possible_mass_layoffs_at_teza_technologies/ + +Yes you heard it first here 5 months ago! + +Until now, if you want to freeze your credit at the three major credit bureaus to protect yourself from identity theft issues (for example, because of last year's Equifax hack), you had to pay for the privilege since this was governed by State law. + +[Now we get a "National Credit Freeze" for free in a bill just signed into law in Washington](https://www.congress.gov/bill/115th-congress/senate-bill/2155/text#toc-id22f38422982f4850ab9f1de3e75037c5). For a simpler English reading, see [this](https://www.nytimes.com/2018/06/01/your-money/credit-freeze-new-law.html). Basically, starting in October or so, the credit bureaus are required to offer you FOR free the ability to add/remove credit freezes on your account. + +So if you have been waiting for this, make a note on your calendar.... +Around March 1st with around $2000, I bought 900 shares of SNDL and started selling CCs. Did the same thing with ASRT the next week. This past week I exited ASRT and got in on AMC with 100 shares. + +I made 165 on ASRT, 341 on SNDL, and 71 on AMC so far. That's 577 total. + +I'm scared I'm just getting lucky and I'm going to lose half of my portfolio somehow. Am I playing with fire here or is this actually working? +I am a buy and hold loser who is thinking about selling covered calls on my stocks to wsb degenerates for easy money. However, after looking into it, it doesn't seem that the premiums being offered are worth my personal risk tolerance in the event the stock would rise beyond the strike price. + +I was hoping you guys could let me know if my analysis is correct and that selling covered calls is actually quite risky, or perhaps if I am making some mistake and there are other ways of going about it. + +My idea here is that you are actually a buy and hold investor but do not think the SPY will increase by a huge amount in a short time frame, and can profit from wsb people who do. I'm not looking to buying a random stock and turning around and selling covered calls; rather I'm looking to sell covered calls on broad basket ETFs/funds like SPY that I already own and want to continue to own for the long term. + +---- + +SPY is currently 326.54. Lets say you happened to own 100 shares in SPY/$32,654 worth of SPY, and wanted to sell an OTM covered call on your shares with an expiration date of about three weeks from now on November 20. + +A strike price of 375 is about 15% more than the current price. The ask for calls three weeks from now is 0.14 or $14.00 premium. IMO, a 15% increase is large and I'm doubtful it could happen in three weeks. But $14 premium isn't even worth the time to place the sell order. However, If I did this 17 times per year, I'de net $238. While I get much less than this from my credit card rewards program every year, it would still be nice I guess to have $238 extra. + +A strike price of 360 is 10% more than the current price. The ask is 0.48 or $48 premium. While I think the stock probably will not rise beyond 10%, I think it might, and $48 of premium isn't worth it. Say the stock moves 11% or to 362.46. If I didn't sell the covered call I would have $198 more ((362.46 - 360) * 100 - $48). Say I sell 17 of these per year for $816 in premiums. I would only have to be wrong 3 times per year before the losses exceed the premiums. And that assumes the stock only moves 11% and not more. + +A strike price of 343 is 5% more than current price. The ask is 3.49 or $349 premium. This is starting to look like real money, however I'm not confident than the stock won't increase by 5% during that time. If the stock moved 10% to 360, I would lose out on $1351, compared to having not sold the covered call ((360 - 343) * 100 - $349). If I sold 17 of these per year for $5933 in premiums, I again would have to be wrong about 3 times per year for the losses to exceed the premiums. + +None of these seem like that great of deals to me. I was kind of expecting that demand from wsb degenerates in search of FDs would be huge and that I could sell relatively low risk covered calls for large premiums. Of course, if this were true, then everyone would be selling covered calls and would drive the premium price down. + +Am I even doing the analysis correctly? Is SPY perhaps not great for sellers of covered calls compared to other tickers? Should I just stick to /r/investing or is there another perspective that I am missing which would make this somewhat less risky? +I might be a year away from my goal of completely replacing my income with trading income but I am more of a planner. What are some important money moves to help reduce tax liability and what is the best business structure to use when mapping out the future? +Have very bad impulsivity and self control mainly when it comes to ordering delivery food. How do I put barriers in place between me and my savings so that I don't spend it. Is there a bank out there that will block purchases from specified places like UberEats? Like I can set it up where if I try to use grub hub or Uber eats then it blocks it. Or only allow me access to a specified monthly budget with difficulty accessing the rest. +**EDIT: AT&T has now honored the promotion! Thank you!** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Follow up to the post [here](https://www.reddit.com/r/personalfinance/comments/tz5fx1/att_refused_to_give_tradein_credit/). + +The AT&T device-trade in program is very deceptive. In October of 2021 I traded in my galaxy s10e at an AT&T store near my home. It was for $1000 credit towards the next upgrade, in my case the galaxy s21 ultra. They handed me a [trade-in receipt](https://imgur.com/a/jHiqpzF) and said I'll get the $1000. So it was very clear in the store what was happening. + +However, next month AT&T denied the $1000 and reduced the credit to $17.10 (even these credits have not been given to me for some reason) citing phone damage and the activation lock not being turned off. However, the trade-in receipt shows that the phone is not broken and the activation lock is in fact turned off, based on the in-store AT&T clerk's inspection! + +I went back to the store where I did the trade-in and they said that "**the AT&T warehouse that does the inspection has the final say**, we're sorry, this is all in the fine print." + +So I called AT&T, but the customer service department kept forwarding me to the trade-in department, who then forwarded me back to the customer service department, ad infinitum. So I kept bouncing back and forth between these two resolutions with no resolution. + +They also told me that **they cannot return to me my trade-in phone according to the terms and conditions**, which means they MUST reward me with credits, and I seriously hope that's not pennies worth of credits. + +Eventually, I was able to reach one AT&T agent who created a high priority dispute case where they will investigate and get back to me by today afternoon. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Few things I learned from this process, and from reading the terms and conditions [here](https://imgur.com/a/wzzQSaG), is that the in-store trade in is not actually final, and the in-store phone inspection is useless: What is the point of an in-store inspection, assigning value, and then handing a trade in receipt, only to retract it based on a "true inspection"? It's just a ruse then; just done for show. There is apparently a long process of inspection and some AT&T warehouse you'll never interact with, and who maybe damaged your phone, inspects your phone and assigns a value. + +So when you surrender your phone at the store, it's a gamble, because there is no way of getting it back apparently, and the credit can be adjusted down to *pennies* from $1000. + +On top of this, I did not even get the reduced credits of $17.10. In other words, **they stole my phone.** + +I hope the case resolves this mess and I get the $1000 they owe me. If not, I will file legal complaints with FCC and others. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**EDIT: AT&T has now honored the promotion! Thank you!** +Guys let me start by saying I BELIEVE in Bitcoin and *believe* truly that it will succeed. I will not tell you it will crash or not to invest or anything like that. + +That aside guys... we need to take a step back here for a second. I have been around in this subreddit for about 4 years now and it's only recently that I have seen it turn into as much of an echochamber as it is now. That is **not** good for us. Every dissenting opinion (even if completely based in reality) is downvoted. Meanwhile absolute pseudoscience is upvoted. + +People in this subreddit used to believe that one day Bitcoin will become less volatile and see mainstream use as a TRUE currency. Now I have people telling me the ETF failing was a good thing because we want *more* volatility for Bitcoin and that "When there is volatility there is a HUGE opportunity to make money on EVERY TRADE." That is *crazy* + +This mentality is BAD for Bitcoin. If we want to see the moon and mainstream use we need to remember why we're here. We believe in the Bitcoin/Blockchain technology and we want it to take off and see mainstream use. For that to happen volatility needs to reduce significantly. The average Joe running a bakery doesn't want his loaf of bread to be worth $3 in the morning, $6 in the afternoon and $1 by nightfall. He just wants to sell his bread and know he can pay his rent and he will continue to do that in regular fiat until Bitcoin matures and becomes stable. + +I see people here saying they have their ENTIRE saving in Bitcoin... This scares the shit out of me. Although we believe in BTC we have to accept that there is a chance it will fail and fall to obscurity. What makes Bitcoin have value over an altcoin? The Bitcoin network, the fact that people use it and that people believe in its value. If I made Alt Facebook tomorrow would you use it? No. because nobody else does and none of your friends are on it. This is the network effect. I think this effect is on Bitcoin's side I think Bitcoin will succeed but Jesus Christ guys can we at least acknowledge the fact that ther's a *chance* it won't? Can we acknowledge that it *could* fall to obscurity, never reach mainstream adoption and just fizzle out? Can we accept that a new better technology could replace it? + +So please /r/Bitcoin. take a step back. Keep your enthusiasm, keep believing and hodling but please pleaseeee lets stop with the extreme opinions, rejection of economics and the echo-chambering. + +#### TLDR: Stop down-voting people who disagree an echo-chamber is bad for Bitcoin. Stop making up Pseudoscience and PLEASE stop putting *all* of your savings in Bitcoin. + + +**EDIT:** Hey guys, [this](http://imgur.com/7ePSmAM) is what my inbox looked like this morning but I read every single response to this thread. I really appreciate the discussion going on +I’ve had a fidelity account for about a month, and only use it to invest in the Fidelity 500 Index Fund. I recently noticed that there are multiple types of accounts covering many uses (IRAs, Investing/Trading, Credit). + +Im wondering if anyone has opinions regarding whether or not I could solely use Fidelity for all my investing accounts, rather than utilizing other B&M or online services. I like the idea of having them all on one service, I’m just unsure if it is a good idea. +I heard that the VW emissions thing was discovered by accident by an independent group. Would it have been illegal if they shorted a ton of shares before revealing this information? +Interesting experience for my Brothers GF this morning. + +A new iPhone was delivered to her address this morning by courier. She has a phone, and had no applied for a phone and was not expecting this phone. She was a bit confused and called Optus, but while she was on the phone to them a woman turned up at the door, claiming to be from Optus, advising that she was here to pick up the mistaken delivery of the iPhone X. + +Luckily she sensed something was wrong, and my brother was on chat telling her not to hand over the phone. The contact at Optus also advised her not to hand over the phone. She told the woman at the door that she would not give her the phone and would follow up with Optus. Woman from the door apologies and leaves hurriedly. + +She lost her wallet a few months ago, so at this stage it looks like they applied for the phone on her behalf somehow. They're following up with police and Optus. Interesting scam. +Hello all and before I go any further, I know loosing money in a deal is always terrible but I’m wondering if anyone has done anything similar to this. + +I have a deal in which I plan to house hack for 6-12 Months ( or longer) to build up equity for the next deal. + +Basically I crunched my numbers and for me to live there it would cost me 50 bucks a month to break even including capex, vacancy, PITI payments, snow removal, ( no property management, I currently work for one and know what I’m getting into) + +Eventually when I move out I’ll rent that unit out for 850, getting to the 200 a door mark. + +The reason I’m considering it is because it comes with 2.5 acres of build able land and this area is up and coming, which I think makes it worth it. + +Am I crazy or have others done the same? +The location 2 units and has long term tenants, and their current rent is 250$ a month, their market value is around 750$. If I were to purchase this property for rental income reasons, how do I go about raising the rent more than double? Do you just tell them, rent will increase to market standards? And if they don’t want to pay, they may leave? The only reason they are so low is because the tenants do their own repairs and take care of the property fully themselves. Either way 250 per unit is extremely low. +Edit: title should say *decreased* my timeline... oops. + +My raise and bonus were just posted! In total, I increased my total compensation over my previous company salary about 210% by switching companies and sticking it out for a year. + +I started working full-time in 2019. My first employer took a chance on me out of college, trained me into a competent supply chain consultant, and provided a great environment for learning and growth. They started me at $75k which blew my mind. Shortly after I was hired the pandemic was in full swing. Due to the "unstable economy" — despite business being better than ever (supply chain consulting does well when there are global supply chain issues) — they didn't give me a raise or bonus. I was disappointed but asked what I could do to ensure a raise or bonus next time, and they said I was doing everything right and just keep going. + +They'd been telling me since I was hired that after 2 years they would make me a senior consultant, so I figured I'd wait until the following year to ask again. After another year I asked the company about that promotion I was promised, and they surprised me with "actually we'd prefer you work here for 2.5 years before we promote you." What about a raise/bonus, then? "The big raise/bonus will happen when you get promoted." The next day I got a raise of 2% and a 2% bonus. + +LinkedIn recruiters had been reaching out to me all the while, so I decided to actually respond to them this time and ask about salary. All of them were six figures. I interviewed at a few places and had two offers, both doing the same type of work I was doing previously but with the senior consultant title. Negotiated one of them up to $135k salary + $12k sign-on bonus and accepted. I gave notice to my former employer. They offered me the promotion on the spot. I said no. + +I've been at the new place for about a year now. My salary was just raised to $147k and my bonus was $17.5k. Here's a [chart of my gross monthly income over the years](https://i.imgur.com/rlpYef4.png). I'm ecstatic, and looking back, switching companies was the right choice for me, but it was *so* scary at the moment. Despite the promotion and pay fiasco, I loved my last company and enjoyed working with my coworkers. More than anything, I was comfortable. Unfortunately, I was also resentful at the end, and I can't help thinking that had I gotten a promotion and measly raise, maybe I wouldn't have ever looked around. My job now has its upsides and downsides, but feeling valued and paid my worth has made a huge difference in how I feel about my work. + +The increased compensation moved my FIRE timeline significantly. On my previous salary, I was able to max out my 401(k), IRA, and HSA, and contribute an average of $1,200/mo to my taxable brokerage account (\~$44.5k/yr in total contributions). Note that I also had some side hustle income of about $5,000 (which I have since stopped) as well as pay some of my expenses with credit card bonuses (shoutout to r/churning). + +Now, I'm able to max out these accounts and contribute an average of $4,700/mo on top (\~$86.5k/yr in total contributions). My investments prior to the switch were $145,000, so to calculate years until FIRE (assuming income remains the same, goal is $2mm in real dollars, and real growth is 6.8%)... + +>Previous salary: =nper(0.068,20500+3650+6000+1200\*12,145000,-2000000) = 18.2 years to FIRE +> +>Current salary: =nper(0.068,20500+3650+6000+4700\*12,145000,-2000000) = 12.7 years to FIRE + +My expenses haven't changed much. My spend over the past 12 months has totalled \~$28k and the year prior was $24.5k. Here is a view of a [running 6-month average of my spending](https://i.imgur.com/obqaDSV.png). I live with my boyfriend, who pays $400/mo in rent and I cover our other expenses. I don't own a car and live in a MCOL city. My taxable account has [recently surpassed my 401(k)](https://i.imgur.com/2rNO9Mm.png) and [my NW is at ATH](https://i.imgur.com/NbqgqK8.png) (mostly due to contributions, represented by the white line). + +&#x200B; + +I've worked hard to be where I am and am proud of my progress, but I recognize that this post comes with a heavy dose of privilege. I come from a stable middle-class home that valued education. I received significant merit scholarships and parental support and worked 3 part-time jobs to graduate college debt-free (+$10k NW at the time of graduation). I graduated before the pandemic occurred and stayed employed throughout. I fell into an in-demand supply chain niche that I excelled at and that pays well. I found FIRE early and invest heavily. + +I'm not saying that everyone can do what I did, but I'm sure there are others in a position where they're comfortable at their job and haven't looked around. I didn't know I was being undervalued until I pursued other opportunities and it paid off. Everyone's journey looks different and I wish you all the best on yours. +My husband’s busy working and making money for me to trade with 🤪and doesn’t really understand options so I have to tell someone! I’ve been doing my DD- lots of reading and watching and flash cards( I know- dorky but it works on my ADHD Brain). Found a stock that I’m not sure why there’s no hype on because long term it’s gonna be amazing. WTI... anyway, I decided to play around with some small money just to get some good practice in. Bought a 3/19 call option with a strike of $3 for $60 last week. Sold today for $165 and put my gains back into shares. Probably could have waited longer, but I bought a few more last week, so I just wanted to see if I knew what I was doing. Just small gains but still felt good. I’m not ready for puts yet. Someone here made this YouTube playlist for options that was really helpful for me [Options ](https://youtu.be/4HMm6mBvGKE) + +EDIT: thank you for all the amazing advice and obviously I worded this wrong I closed a long option. I’m an idiot[pic of ticker](https://imgur.com/a/DNUySzT) +Not financial advice. Not legal advice. For educational purposes only. + +This is my first post on computer. Apologies if the formatting is Fubar'd. + +**TA;DR:** + +1. In order for the French Revolution of the Stock Market to be beyond rebuke, there can be no shortcuts or cutting corners. As such, Gamestop will, in all likelihood, transform its business *first* by integrating blockchain technology into the fabric of its being. Any crypto dividend will come *after* such implementation of blockchain and NFT's into its business structure. + +2. The Overstock litigation indicates that the purpose of a crypto dividend cannot be to force the shorts to cover. **There must be a legitimate business purpose.** Where the line is drawn between the two and how they are weighted is anyone's guess, and why I believe Gamestop will ensure that any crypto dividend merely rides on the coattails of the blockchain/NFT transformation it will have already substantially completed. Luckily for Gamestop, the building blocks are already there -- digital character skins, trading cards, any number of collectibles, second-hand gaming market, etc. etc. etc. -- they just need to develop the infrastructure and implement the technology. + +3. In the case of Overstock, the company had been involved in the crypto/blockchain for 5 years before issuing its crypto dividend AND it had subsidiary companies that were wholly devoted to the development of blockchain technology and a platform for trading digital securities. *The issuance of the crypto dividend was directly tied and perfectly synergized with its stated business transformation and the tZero digital trading platform.* + +4. As much as I'd love to see MOASS sooner rather than later, I do not foresee a crypto dividend coming on July 14. I believe we should "Buckle Up" for the long haul. + +5. RC is playing chess, not checkers. He isn't just saving a sinking ship (that's already been accomplished here); he is, with hand-selected team, inventing the steam engine, while all the other companies are still using sails or horseback riding. For all my fellow Civ or history nerds out there, you know how revolutionary the steam engine was for the Industrial Revolution. And in a world that is increasingly becoming more virtual/digital, Gamestop is, in my humble opinion, leading the charge on the next revolution in the digital and pixelated world -- giving Power to the Players, Power to the Collectors, and Power to the Creators. + +**Introduction:** +Gamestop is not the new Blockbuster; it is more the new Overstock (kind of). However, unlike Overstock, Gamestop's business is focused on a sector that seems to perfectly dovetail with the blockchain/nft/crypto universe -- Gaming, Collectibles, Memes, Nerdgasm stuff. The gaming industry is already estimated to be a $150B+ industry. And we haven't even reached widespread virtual reality or whatever else the pixel magicians may create. + +Gamestop is poised to learn the lessons from the Overstock pivot and the lawsuit that followed. Unlike Overstock, Gamestop has a never before seen diehard following of shareholders and customers. It is best summed up by Larry Cheng's tweet: +"Every company is a company. However, on rare occasion, some companies become movements. The company ends up standing for something much larger and more significant than itself. These companies break the traditional paradigm - they can play chess when everyone else plays checkers." + +However, with becoming a movement and having such a loyal following comes a downside: the increased potential for any crypto dividend to look like it is to appease the shareholders (which it *per se* does) but also in a sense of quenching any vindictive thirst by the shareholders or the company itself against short sellers. As such, Gamestop must play Chess, not checkers. + +The Wild West of law and Technology collide in the blockchain/NFT/crypto space. Simply put, there isn't enough legal precedent out there to indicate what is and is not permissible. If you're playing chess, you're using what precedent is available (which isn't much) to plan. And you're ensuring that your business transformation and approach to bringing in shareholders (such as a dividend) is beyond reproach. + +The Overstock lawsuit -- Mangrove Partners Master Fund, Ltd. v. Overstock.com, Inc. (In re Overstock Sec. Litig), Case No. -- is the only direct legal precedent we have in the matter of a public company issuing a crypto dividend. + +A review of the case can help us learn what *one* federal district court thought on the matter, whether in the law and analysis that applied or the dicta (non-legally binding reflections of the court) that the court wrote on the matter. Such a review reflects that the law is nebulous (surprise...) and the Court's underlying reasoning focused on the *reason* for Overstock issuing the crypto dividend. The short of it is: to the extent that the purpose of Overstock's crypto dividend would appear to be to cause a short-squeeze, it would be improper. + +**Background of Overstock's business and pivot into the Blockchain and Crypto world:** +As we know, Overstock was and is a home goods and furnishings retailer, particularly in the e-commerce sector. With falling profits and in a field that proved to be dwindling, Patrick Byrne (founder and then-CEO of Overstock) sought to pivot the business into something new. As a big proponent of blockchain and crypto, Byrne sought to get Overstock into this burgeoning and quickly developing new technology -- a technology that some have characterized as revolutionary as the internet itself. + +**Overstock Case Background:** +[Court Order on Overstock's Motion to Dismiss] (https://securities.stanford.edu/filings-documents/1071/O00_01/2020928_r01x_19CV00709.pdf) + +The Order addresses multiple claims asserted by the Plaintiffs, but this background will focus merely on that of the Crypto Dividend. However, do be aware that the narrative crafted by the Plaintiffs seeks to link the Crypto Dividend into the broader claims, particularly against Patrick Byrne. Plaintiffs claims would have been significantly weaker had they not tied into each other. + +The main Parties: +* Defendant -- Overstock + +*"Lead Plaintiff The Mangrove Partners is an institutional investor that purchased Overstock common stock during the class period. Plaintiff is a well-known short seller, and Dr. Byrne [Overstock's then CEO] publicly denounced short sellers for artificially depressing Overstock’s share price." + +**Background on Overstock's crypto dividend and the observed effects of same:** +(direct language from the Order): +In 2014, Overstock began working on initiatives to develop blockchain technologies, which it now pursues through its wholly-owned subsidiary Medici Ventures, Inc. Medici conducts the majority of its business through a subsidiary, tZERO Group, Inc., which is focused on developing and supporting the issuance of digital +securities. Through tZERO, Overstock sought to create an alternative trading platform where the investing public could purchase and trade digital securities. + +on July 30, 2019, Overstock announced that it would issue a dividend of one share of Digital Voting Series A-1 Preferred Stock for every 10 shares of common or preferred stock outstanding. + +Once eligible for resale, the shares would be traded through a brokerage account established with Dinosaur Financial Group LLC (“Dino”) on PRO Securities ATS, a SEC-registered alternative trading system operated by PRO Securities, a tZERO subsidiary. + +Within hours of its announcement, several market-focused publications recognized the practical effect of the Dividend on short sellers. + +**--Recap--** + +1. Overstock had been involved in the blockchain tech for 5 years prior to announcing the issuance of a crypto dividend. + +2. It was readily apparent to everyone in the industry as to what the effect of a crypto dividend would be. + +3. Overstocks crypto dividend was to be traded on the tZero platform, which is owned by a company that is a subsidiary of tZero, which is a subsidiary of Medici, which is in turn a subsidiary of Overstock. **So, the crypto dividend was intended to facilitate the use and growth of an alternative trading platform that Overstock, in effect, owned.** (*THIS IS IMPORTANT*). + +Allegation by Plaintiff (direct language from Order): + +1. Plaintiffs allege that Defendants made false statements about +Overstock’s financial projections for 2019 and engineered a scheme to issue a digital dividend that purportedly caused an artificial short-squeeze. + +2. Essentially, Plaintiff contends that Defendants engaged in a scheme to issue a locked-up dividend they knew would cause a short squeeze, artificially spike Overstock’s stock price, and force short sellers of Overstock stock to cover their positions at inflated prices. + +3. In Count 2, Plaintiff alleges a market manipulation claim with respect to Defendants’ issuance of the digital dividend that would be paid to Overstock shareholders in tZERO shares. According to Plaintiff, because short sellers with borrowed shares would have to purchase Overstock common stock to repay the lender the digital dividend in advance of the dividend date, Defendants caused an artificial short squeeze “manipulating” an increase in share price. + +4. Although Overstock stated that the Dividend was important for adoption of the tZERO platform and to bring broker-dealers into the broader tZERO ecosystem, Plaintiff claims thatOverstock’s stated goal was pretextual. Plaintiff contends that the dividend was announced shortly after Dr. Byrne learned that his relationship with a Russian spy was about to be come public and he might need to leave the company. Plaintiff believes that the dividend’s short squeeze was intended to increase the price of Overstock shares at the time of Dr. Byrne’s departure. + +**Court's observations (language from the Order):** +Byrne’s very public disdain for short sellers is beside the point because there was a **legitimate business purpose** for issuing the dividend. While Byrne, like any CEO of a public company that is heavily shorted, would want to reduce the downward pressure those shorts exerted on his company’s stock price, there is no evidence that targeting short sellers was the purpose of the dividend. ***Defendants state that Overstock was trying to transition from being a traditional online retailer to a blockchain technology business. The dividend was a creative way to strengthen that transition. Plaintiff has no evidence to overcome this legitimate business for issuing the dividend.** + + +**Conclusion and Opinion** +Gamestop is playing chess. They want to transform their business with blockchain technology. While a retailer (right now), the goods and services they deal in (gaming/collectibles) are a perfect fit with blockchain technology. In the case of Overstock, that company was starting from scratch with blockchain/crypto. No one wants a digital NFT couch. But NFT gaming character skins, NFT second-hand gaming market, NFT trading cards (the Pokemon card trading microcosm is valued at half a Billion alone), among tons of other possibilities? Ya, the building blocks are already there for Gamestop. All they need to do is put them together -- Brick by Brick. + +Ryan Cohen is a creator. He's not here to save a sinking ship and then bail; he's here to invent the steam engine and revolutionize the world -- the world of Players, Collectors, and Creators. While it's purely speculation on my part as are most things in this post, I assume Chewy will always be his baby, but Gamestop will be his legacy. Buckle Up. + +If you're going to beat the corruption, you cannot cut corners. You cannot leave room for error. You cannot in anyway be impugned. Otherwise, you leave threads for others to pull on in legal battles and in the public eye. + +As such, I think this could be a long(ish) haul. Gamestop is likely going to fully implement blockchain/NFT into the essence of its being before any digital dividend is issued. Recall that Overstock had been involved in Crypto/blockchain for 5 years before issuing its crypto dividend. *Further,* the issuance of its crypto dividend was directly linked to facilitating the use and growth of an alternative trading platform that it, in effect, owned. *"Legitimate Business Purpose."* + +Gamestop will ride the tide of speculation, hype, and FUD over its transformation. It will ride the tide of the market crash everyone but the mainstream media sees coming. And only then, once Gamestop has caused a paradigm shift as to the possibilities of how gaming and blockchain/nft's can be symbiotic, then maybe it will issue crypto dividends. It likely will want to have the framework -- both from a technological (servers, development, etc.) and business perspective -- before issuing a crypto dividend. Further, the crypto dividend will likely line up with its very own blockchain transformation -- such that the crypto dividend directly ties in with its business model. Just like Overstock had its crypto dividend tie in with its alternative trading platform. + +If such came to pass, it would be my humble opinion that a crypto dividend would withstand legal challenges. At this time, Gamestop does not (openly) have the involvement and investment into blockchain/crypto that Overstock had for 5 years. With the mainstream media putting targets on the back of Gamestop and Apes, it'd be wise to have the business transformation *first,* before issuing such a dividend. + +Again, I'd like the MOASS ASAP as much as the next Ape. But I'd also want Gamestop to be unassailable in what it does. Negative Beta? Market Crash? Genuine delight by the investing public over Gamestop revolutionizing the virtual/pixel world? There are any number of things that could set off MOASS. The Ace in the Hole is the crypto dividend. + +My hopes for 7/14 and the month-long Moonjam? That Gamestop announces something big about NFT/blockchain/crypto that provides the first peak into the transformation of the business, AND that its use is displayed for all to see during Moonjam. And all while having some pixelated blocks go to the moon (as some have speculated)? Ya, Bullish. + +Power to the Players; Power to the Collectors; Power to the Creators. +With all the NYSE SEC rule 7.31 bad posts, I’ll do my part in combatting this new FUD. + +First, most apes don’t understand why January sneezed (no this wasn’t SHF closing positions, nor was it retail). If you do understand, then you’ll also realize why at this point 10 months after the sneeze, the MOASS doesn’t require any retail buy pressure once it starts. MOASS occurs because SHF are closing their GME short positions. So who’s buying during this time? SHF. And what do they need? Your shares. + +Halting trading for 2 days is the same as halting for 5 min, possibly worse for the SHF actually. Yes, it gives them a few days to think about what to do, but during all that time, apes are essentially forced to diamond hand and can’t sell. So you tell me who a trading halt actually benefits in this unique MOASS situation… +Each week I’ll be picking a random ASX stock that I (personally, yes I’m aware it may have been covered at some point in history) rarely see discussed online – and that I do NOT hold – that you voted for, for us to dive into for some Due Diligence (“DD”). + +This is for us to have a look at what it does, comb over their financials, and in the end discuss whether or not we’d buy into it. Not all of these stocks may be sexy or appealing; the whole point is to shine a light on what companies are doing out there on the ASX which never get much coverage – for good or bad. + +The main purpose being to add some more variety in coverage to the standard blue chips or meme stocks we see pumped day in and day out, and hopefully discover some hidden gems or innovative companies on the Aussie market. + +Here’s this week’s Random Stock of the Week. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Company name:** Aeris Resources + +https://preview.redd.it/954xjvrmjfo81.png?width=890&format=png&auto=webp&s=776dd9b15f4a698b39c6ea169951c040f9cfada4 + +**Ticker:** AIS + +**Industry:** Mining + +**Headquarters:** Brisbane, QLD + +**Market cap:** \~$300m + +**Current share price:** \~$0.135 + +**1-year Performance:** \+28.5% + +**What they do, smoothbrain version:** conduct cap raises & stagnate their share price… while also mining both copper and gold. + +**What they say they do, wanky version:** “Aeris is a mid-tier mining company focused on growth and delivering shareholder value through efficient operations, greenfields and brownfields exploration and value-adding acquisitions.” 🍆👋 + +**What they do, actual version:** Brisbane-based **Aeris Resources (AIS)** are a hybrid copper and gold mining company with a duo of flagship assets that form the backbone of their current operations and revenue generation. + +While the company has been listed for quite a while – they debuted on the ASX back in 2011 – Aeris had a tumultuous history through its first couple of years of listing that are now largely irrelevant to where the company currently sits today. + +It was initially listed as Straits Resources, struggling along for several years before undergoing a corporate restructure in 2015 and rebranding to its current name of Aeris Resources to reflect a “new positive beginning” of more efficient operations moving forward. + +https://preview.redd.it/e3mgou8qjfo81.jpg?width=1000&format=pjpg&auto=webp&s=0a3ed9e4848d494b8afcc76dd3c70200e5844f21 + +Throughout its initial operations, the company has been focused on copper mining and production, with its key asset the Tritton Copper project situated around 50km north-west of Nyngan in north-west NSW. + +The mine began operations in 2005, and in its present state can be counted on to produce around 19,000 – 20,000 tonnes of copper per year. The project is a complex of two mines (both underground), and its associated processing plant. + +However, the ‘modern iteration’ of AIS really only came into existence midway through 2020, when Aeris also acquired ownership of the Cracow Gold project located in central QLD in July of the same year – along with mining and explorations licences for the surrounding goldfields. + +This mine had recommenced its operations in 2004, and the company has estimated for it to produce between 64,000 – 66,000 ounces of gold moving forward. As it stands now, AIS can claim the title of the only mixed small-cap copper and gold producer on the ASX. + +Aeris also has a subsidiary which has a joint venture underway with another subsidiary of ASX-listed Helix Resources (HLX) – the Canbelego joint venture. + +https://preview.redd.it/erpbn56sjfo81.jpg?width=933&format=pjpg&auto=webp&s=de9d994c9fa1343ffb60a5cc497d5442282e4a6d + +This is a 40km² prospective copper project located to the south-east of Cobar in central NSW which has shown recent potential via broad zones of copper sulphide samples. The region has plenty of copper exploration activity taking place, with multiple other prospecting listed and unlisted companies searching its tenements due to a history of rich copper deposits. + +Aeris Resources’ current management have proven pretty adept at rescue projects and essentially ‘saved’ the Tritton mine operations many years ago, taking over a resource with a limited Life of Mine and conducting explorations nearby to search for additional deposits to extend the resource’s life further. + +As of time of writing, AIS have identified three new copper ore sources/deposits that they’re looking to develop at their Tritton complex and are showing promise. + +Chief among these are its Constellation Deposit which sits around 45km to the north-east of its existing Tritton operations and within a fairly easy distance for trucks to transport ore to its mill. The company is expecting to release an update of Constellation’s mineral resource in June 2022. + +In closer proximity lies the Budgerygar deposit around 600m from its Tritton mine, which also looks promising and has recently returned upgraded mineral resource size & estimate grades that have improved upon initial estimates. + +Its location relative to the company’s existing operations should make things much easier to bring into production given it can be accessed via current infrastructure vs. building an entirely new mine. + +As a stock, AIS has had some predictable peaks and valleys over the past few years, following a cycle that has repeated leading to its share price rapidly climbing and then drifting down each time despite raking in fairly solid revenue figures & varying degrees of profits. + +https://preview.redd.it/nuplth6tjfo81.png?width=1149&format=png&auto=webp&s=5f6d7f387191ffb7d1279610fed6b195d08d96fc + +One of the major factors for this is likely its propensity for cap raises and share dilution. This first started in June 2020, when AIS issued a cool billion new shares at $0.03 per share to raise money from institutional & retail investors in order to help fund the purchase of the Cracow mine from Evolution Mining (EVN). + +After a couple of following quarters of solid gold production achieved, the share price gradually recovered post-purchase (and post-Covid-19 dip) culminating in March 2021 when the company’s quarterly update showed impressive volumes of both gold and copper achieved across its projects. + +These trends pointed towards AIS having a cracking end of financial year for 2021, and the company delivered, posting around $430 million of revenue and net profit of $61 million. + +Combined with several releases around positive drilling results from their Constellation project, and in June 2021 Aeris’ share price hit an all-time-high (at the time) of $0.225. + +However, as we often see with listed companies, AIS took the opportunity to capitalise on all this sentiment & conduct another capital raising around the same time. + +They held the raise at $0.175 per share for another approximately 287.9 million new shares issued (around a 15% discount to market price at the time of issue) in order to conduct further exploration opportunities at Cracow & Tritton. + +In August 2021, the share price hit another all-time-high of $0.24 as buzz around the company and sentiment on the EV / electrification revolution was humming. + +Soon after in the same month, AIS released their annual report which again showed strong financial results, but one key metric that would seemingly affect the business moving forward was starting to creep up: **AISC**. + +https://preview.redd.it/xo7i689wjfo81.png?width=892&format=png&auto=webp&s=35f4519aba30ec7e46bb36bcbc5a8a96cb80a0df + +AISC, or “All-In Sustaining Cost” in mining terms, is essentially a single figure that sums up the cost per unit of metal sold for the company. Over each successive quarterly report, Aeris’ AISC figures climbed towards the latter part of 2021, with lower grades of copper achieved from the Tritton mine only exacerbating things further. + +The company’s share price has thus essentially been flatlined for the better part of a year due to these factors, with its seemingly-strong fundamentals currently being largely ignored by the market as fears around continued cost rises and its existing short Life of Mine weighing on sentiment. + +External ‘fear factors’ globally haven’t helped matters either, leading to underwhelmingly stagnant performance for AIS as a share for much of the past 12 months. + +So how might AIS do in 2022 and beyond moving forward? Let’s take a look. + +AIS has returned 26.29% p.a. (annualised) over the past 5 years, with no dividends paid. + +**What looks good:** + +* AIS is one of the rare occasions where what is basically a small-cap “explorer/producer” is profitable with still plenty of potential built-in for share price growth, and also has existing operations in place to provide extra exploration & drilling cashflow. Normally companies of this size are either heavily in debt or relying on more frequent capital raises simply to exist in the hopes of striking a discovery; AIS has at least several good, profitable years “built in” that gives it a buffer to extend life of mine operations. +* Rising prices of both copper and gold have been working in AIS’ favour in the background for the latter half of 2021 & beginnings of 2022. Copper reached record highs in March 2022 at over $4.7 USD per pound and shows no sign of slowing down, with global supply deficits cites in the near-term due to its status as a key component for the renewables & electric vehicles boom: + +[DAMN, THOSE ARE SOME ‘HOT COPPER’… PRICES. ](https://preview.redd.it/8dvw4mc0kfo81.png?width=934&format=png&auto=webp&s=b2fe7af78bb97d59224cd03d962677bc038078f3) + +* Likewise, gold broke out of a slump to start 2022 as well, with global inflation fears & conflict between Russia and the Ukraine triggering a flee to its supposed “safe-haven” nature. It has approached the fabled $2,000 USD mark at several points, and given continued instability may finally crack the barrier in the near future. Both of these should add substantially to AIS’ bottom line in its upcoming financials and may trigger a re-rate: + +https://preview.redd.it/hewarku1kfo81.png?width=933&format=png&auto=webp&s=90199546ae4d5e6ee76beffcb4cd21a12dec6c06 + +* Aeris has additional resource deposits looking to come online in the coming months in mid 2022, which should help raise some of the current declining copper grades being achieved at Tritton substantially. +* Initially, the company has unveiled maiden Constellation resource estimates of 3.3 million tonnes at 1.4% copper grades and a total of 47,000 tonnes of copper. With updated results and estimates due later in the year, positive announcements from these should help improve sentiment further and allay some concerns about remaining quantities of resource: + +https://preview.redd.it/mavkys93kfo81.png?width=721&format=png&auto=webp&s=e7bc6d9b24daac6f9178c1f3842da31fc04adf54 + +* The Budgerygar deposit has given higher grade indications, with its mineral estimate coming in at 1.7%. This should be up, running, and adding to production levels in the coming months. +* Lastly, its other prospective project, Avoca Tank is a small, high-grade deposit with an estimated mine life of 4 years. Its 2.6% grades are planned to be mixed in/topped up to the existing Tritton production to help increase overall grades and profitability as well. +* Aeris is priced well based on book value of its assets, with total assets of around $200 million and a market cap of just over $300 million. Throw in a P/E ratio of around 6 based on estimated updated earnings, and again, given its assets and profitability, it looks “cheap” as far as all major fundamentals for a producing miner go. +* AIS has paid off plenty of debt over the past couple of years – including the remainder of its outstanding balance recently – and is currently debt-free. + +https://preview.redd.it/a58vxgx5kfo81.png?width=838&format=png&auto=webp&s=43910dcd8d1112eb1a21630c90e1418e7b64e574 + +* The company also has accumulated tax losses of around $300 million on its books which can be claimed to increase profitability moving forward. +* As of its most recent financials, AIS has clocked up around $75 million in cash on its balance sheet. This is impressive to end up with even while they have been spending pretty significant dollars for a company of this size on exploration & growth activities. It gives them some flexibility in ways to act moving forward, for further exploration or even towards funding a (potential) small acquisition if one makes sense. +* AIS was selected to be added to the All Ordinaries index in March 2022 rebalance, which may finally garner it a few extra eyeballs from funds and other institutional investors. +* The company is coming of a series of down quarters with low grades and production numbers which likely aren’t representative of its true value moving forward. The fact that its share price has stagnated more than outright tumbled has shown that there is a fairly solid baseline of support for the stock – all it may need is a little extra push. +* In general, AIS management of doing a good job of remaining profitable while working with a major ore body with declining grades and conducting fairly major expansion & exploration activities. This bodes well moving forward, as long as prices for their core commodities remain relatively high. +* While most may be after AIS for its status as a copper miner, the Cracow gold mine has proven a solid acquisition that has allowed the company to pay down its existing debt and finance its copper projects. This again reflects well on management’s ability to make solid and well-though-out acquisitions without frittering away money carelessly. + +**What doesn’t look good:** + +* Hedging costs/prices has proven to be a recent thorn in the company’s side. AIS management made some recent misjudgements in price hedging, as gold and copper values continued to rise yet the company was receiving locked-in lower than market prices for its resources. Its copper hedges (at 30%) wind up in the June quarter of 2022, while its gold hedges finish in the September quarter. + +https://preview.redd.it/llpycwpbkfo81.png?width=1323&format=png&auto=webp&s=47cdddf6dddd3f80ac4232ad224d7adc60f82bb7 + +* This has been unfortunate on the gold side in particular, as AIS hedged 70% of their gold production for the period. With 5,250oz of gold hedged at $2,538 (AUD), at current prices this has likely cost the company millions of dollars – and will likely do so even more in the near future if prices hold & global inflation fears linger. +* Covid-19 looks to have had caused lingering issues with staffing levels that continued through the latter half of 2021 and into early 2022, which may result in bother lower production & contribute to yet higher AISC costs over the coming quarter/for the financial year. AIS gave indication that this would factor in for January & February of 2022 at least. +* The issue of high AISC issues eating into profit margins is one that’s been prevalent across the Australian mining industry in general over the past year+, with increased labour, energy and other input costs all working in tandem to offset some of the profitability of rising prices for materials. +* AIS reported AISC (god, these two acronyms being similar for this company is annoying 😅) for gold of $1,563 AUD in its December 2021 quarter and $4.68 AUD per pound for its copper (ouch), which may not be sustainable & need to be decreased as much per possible moving forward. +* There’s no denying that the Tritton mine has been producing some of its lowest-ever copper grades recently. It’s imperative for AIS to get its expansion projects up and running smoothly and within reasonable budgets, as any delays will mean that the ‘race against time’ for its sustainable profitability becomes even more urgent. +* An estimated spend of \~$50 million of capex for development of their mine life extension projects at Tritton is pretty eye-watering. +* Simply put, AIS’ share price performance has not tracked performance-wise with the rising price of copper and gold. While most other copper and gold miners across the ASX outside of those who have had disastrous operational issues have climbed substantially, Aeris’ has instead continued to trend gradually downwards with the market showing little enthusiasm for the stock in spite of positive macro sentiment for its core commodities. +* Life of mine appears to be the main concern that is holding retail investment back, with a lack of awareness/faith in its extension projects. Money may instead simply be ‘sitting on the sidelines’ and waiting to see proof by way of volume numbers, meaning the share price may not turn around any time soon. +* There has been minimal insider buying of shares on market over the past year, even as the share price has gradually drifted down. A dose of on-market buying by management may help provide some confidence given the share price is allegedly looking so ‘cheap’. Insiders also only own 3.8% of the shares on issue: + +https://preview.redd.it/bkx8mjbikfo81.png?width=846&format=png&auto=webp&s=96c3794779646a86b112513036ee1a731d7c2e2b + +* The sheer amount of share dilution in AIS’ stock no doubt also plays a role. The company currently has over 2.2 billion shares on issue, with the hefty amount of volume needed to sustain positive share price movement and break through resistance all contributing to its inability to gain any ground. +* There remains some uncertainty about the company’s stance in terms of mergers & acquisitions. It was rumoured to be involved in talks around making a play for Glencore’s CSA mine (which was later snapped up by international firm Metals Acquisition Corp), which did not happen, and it’s been expected to make one for a while yet nothing appears to be in the pipeline… and so, life of mine concerns remain. +* Delays in assay return times are another compounding negative factor the company has cited, which again are likely to delay decision-making as well as keep a more extended lid on public market sentiment as they’re having to push back result release dates even further. + +**Summary:** Much like its share price, AIS at the moment sits in the middle of a sort of awkward ‘transition’ phase as it has to balance between maintaining a feasible level of profit from its current operations while also pumping in significant amounts of capex to ramp up its profitability. + +As always, the market fears uncertainty, and there’s a level of built-in uncertainty that seems to be baked into the company’s share price. This has combined to result in one of the more unusual disconnects between fundamentals and share price performance in the resources sector on the ASX. + +Aeris operates with two booming commodities, is profitable, has shown good debt management, and has outlined clear plans to boost their near-term profitability in clear headline bullet points for everyone to see. + +And yet, the company sits at a market cap well below that of both many unprofitable listed companies and/or other mineral explorers yet to earn a single cent in revenue. + +It certainly doesn’t look outrageously-priced even among its other ASX copper-centric peers, either: + +https://preview.redd.it/y2zs0eglkfo81.png?width=1016&format=png&auto=webp&s=0e2dbaa774107bb471c1392f1fffbf5577f191d8 + +AIS also seems to be suffering from a certain level of confusion about its nature as a company amongst many investors. + +Most companies down this smaller end of the spectrum are expected to specialise and then promote one material specifically to draw in bulls about that particular commodity – be it lithium, iron ore, copper or anything else. + +Its ‘dual-brand’ nature of being half gold/half copper (even though it isn’t, really) makes it harder for many to value at a glance, and counter-intuitively might be working against it from a share price perspective. + +Sprinkle in its round of seemingly-declining production figures in terms of both volume & AISC for those having a quick glance at the stats, as well as its chart, makes AIS look like a company in decline as a result. + +The dilution mentioned multiple times above also likely doesn’t help. It creates the fear that this company might be an “annual cap-raiser” that will struggle to gain ground, and lead people to assume there’s better investments even elsewhere in the same sector. + +This of course doesn’t tell the whole story. + +**Conclusion:** Assuming Aeris Resources can keep to its schedule targets for its additional Tritton feeds and start showing increased copper grades flowing through in its reports, this could re-rate as soon as third-quarter of calendar year 2022. + +It’s got seemingly-good management and macro factors for both of its core commodities working strongly in its favour; much will come down to how much the increased input and labour costs end up factoring in to AISC levels. + +While you could potentially jump in this now and gamble on its next results being strong purely off the back of commodity price increases, I’d personally hold off for now, to wait and see what the figures actually look like. + +Although in doing this you might miss out on the initial share price spike should the numbers look rosy, I’d rather see proof that things have turned the corner and then put some money in for the next few years afterwards even if it means costing myself some initial profits. + +The market in the past has shown fairly lukewarm responses to otherwise good results from AIS, and unfortunately sentiment does still matter in terms of the profits you can make on smallcaps even if their solid fundamentals say otherwise. + +I personally currently hold rival copper producer Sandfire Resources (SFR) in [my portfolio](https://ausinvestors.com/current-portfolio/) as I am bullish on copper in general, and they themselves have already demonstrated in recent reports early in 2022 just how much input prices (such as power) can put a drain on a company’s profitability. + +I’d thus rather want to see if the same case applies to AIS before chucking my money in. + +Link to web version: [https://ausinvestors.com/ais-stock-of-the-week/](https://ausinvestors.com/ais-stock-of-the-week/) + +Vote for next week's Random Stonk of the Week: [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +Links to previous Stonks of the Week: [https://ausinvestors.com/category/random-stock-of-the-week/](https://ausinvestors.com/category/random-stock-of-the-week/) + +Company website: [https://www.aerisresources.com.au/](https://www.aerisresources.com.au/) + +MarketIndex page: [https://www.marketindex.com.au/asx/ais](https://www.marketindex.com.au/asx/ais) + +Feel free to add your own opinions on AIS in the comments below. + +Would you buy this stock? Why or why not? Feel free to vote in the poll. + +[View Poll](https://www.reddit.com/poll/ti8o2g) +There are a number of posts here about relationships, and finding fulfilling 'work' that one can engage with once fat enough to not need to do anything. + +I (32M) made a lot (5M +) of money back in 2017 and have struggled since then. + +Even before (2014) making money I found myself generally unfulfilled. I had a well paying software job but it was very hard work and unfulfilling. I impulsively quit and tried building my own software projects in areas that interested me. That obviously worked. + +Since then I've failed to build anything 'worthwhile' and whilst I get excited about my ideas at first, I quickly build them and get bored. The fact I don't need to make money means that I can get away with just getting bored and stopping. + +Throughout my whole adult life post university social relationships have not come naturally to me. Whilst I'm no lothario I am relatively fit and don't think that I'm completely hideous. That said, a lack of confidence/self esteem has hindered the dating side of things. From 2014-19 I was single and didn't have many friends. I then stumbled (through a hobby - running) into a relationship in 2019 that I have just recently ended. + +When that relationship started I was finally happy - I had money and I'd met a great girl. What more could one need? In practice however I found myself constantly annoyed. She was an 'on paper' perfect person but for whatever reason I was not happy. + +We had multiple breaks. Each time I ended the relationship and she came back. I would identify issues e.g anxious attachment style, poor communication and think (as I do now) that she was the right person for me and I just needed to work on my 'stuff'. + +In the end I just felt I wasn't giving her what she was giving me. I didn't love her enough 🫤 + +One of those breaks was during COVID lockdowns. We got back together but I opted to get a 'normal' software job to give me structure/routine. Again, after a year I just wasn't finding it fulfilling fixing archaic legacy codebases. I quit. + +Reflecting back I regret my decision to breakup once again and I can't discern if this is just normal post-breakup regrets or if I'm just constantly self sabotaging myself. + +I am a huge overthinker (as you can probably tell) but I simply can't discern if I get can't commit to jobs/my previous relationship because they aren't right for me or because of something more fundamentally wrong with me. + +The world is my metaphorical oyster but I am sitting back in my parents living room with no motivation to do anything, no direction etc. I am regularly seeing a therapist and have previously tried antidepressants. My issue with the latter is that they aren't a fix but rather an aid. They can't fix the fact that I don't NEED to do anything and they can't immediately point me towards fulfillment. + +When I was younger I travelled quite a lot solo. It was a great experience but I found myself losing the lustre for seeing things for the sake of seeing things. Again at this point in my life I think travel would become exciting to me again if I were doing it with someone else yet in practice when I holidayed with my ex the logistical side of things was arduous to me and whilst the trips were enjoyable they were not as enjoyable as I had expected/hoped. + +This thread could quite easily be in /r/relationships or /r/AITA but I've posted it here because I think the money is a big part of this puzzle and I think that in many respects lots of people who make lots of money have similar work hard/perfectionist/cut throat approaches to life. + +I find that I am essentially not comfortable with time. I always want to be progressing and developing. In reality this has meant I am often just filling time rather than enjoying my time, and my overthinking means that unless something is perfect I blow it up. + +I was just curious if anyone could relate to any of these ramblings? And if so if anyone had any suggestions of where to go from here. I'm basically at rock bottom at this point but am in the very privileged position of having money to potentially help me out. + +It just makes me so sad to think that I worked so hard to make money to the detriment of other things and find myself deeply unhappy. + +Thanks +I have had money transferred out of my account due to my stupidity, they transfer out 7k, the bank rang me +Within about 18 hours and suspended my internet banking, what are the chances of getting this money back? +Have reset everything etc, just want to know how long does it take for the money to hit the other account? + +* update spoke to bank and looking like I’ll get money back which is good news.. +never click on sms link is my advice! +I am still backtesting his system, but I figured a couple of trades on a demo account wouldn't hurt. [Here](https://imgur.com/g9lXGz6)'s a screenshot. + +Entry based on an indecision candle followed by a setup candle from the upper band on the 8h, while the Stochastic is overbought and crossing downwards. Placed two trades, the first at the 23.6% retracement level and the second at the 38.2%. Both have the same stop loss, two pips above the 78.6% retracement level. + +The target is the -100.0% extension level. I believe there is plenty of room for price to reach it: looking left, there are no significant areas of congestion, and the first area that could act as support, the middle band, is far away below the target. + [https://www.forbes.com/sites/qai/2020/05/02/investors-rotate-into-bonds-and-gold-after-a-historic-month-for-stocks/](https://www.forbes.com/sites/qai/2020/05/02/investors-rotate-into-bonds-and-gold-after-a-historic-month-for-stocks/) + +Personally, prefer to either be in value or dividend ETFs. With rates so low, not really worth going long duration and introducing interest rate risk...the returns on buying the front-end of the curve are nearly zero. In terms of gold, just not there...sounds crazy, but I think I prefer to buy Bitcoin to simply buy gold. + +[r/PersonalInvesting](https://www.reddit.com/r/PersonalInvesting/)/ +Im a 23 year old university student. My dad is buying a new property (shop) and wants to put it in my name, instead of my other siblings. + +How will this affect me moving forward? specifically, will it prevent me being able to get a ''first time buyer mortgage'' + +I haven't got much knowledge of this stuff, and im in the middle of university exams so i would appreciate some help. Thanks. + + +What the fuck are all these posts in the front page roasting GG? The guy just got to his position right before an impending market crash, you expect him to know every law, proposed bill, acronym, etc? His “it’s only my third week” and “I’ll have my team look into it” is the equivalent of “this is not financial advice”. He’s simply making sure his ass is covered so that no one takes his testimony today and uses it as evidence against him down the line. + +It’s like getting elected captain of the Titanic right as it’s about to hit the iceberg and being salty at him when he doesn’t know the serial number of support beam 4 on level 3 on the port side of the ship. + +Give the guy a fucking break. +Not sure which is better...anybody with experience? + +Edit: I’m 32. I worked that job for 6 years. I thought I might go back so I left the money alone. Now I know for sure I wouldn’t go back + +Edit: thank you for the feedback and also the award! I’m indecisive so this helped a bunch...I will go through when I have time and respond more! +So I went to a few open houses today and the house range is 800-850k now the real estate agent called me and said someone put an offer of 820k as a verbal offer and will I bid against it. +Is really objective analysis ? + +Source \[EN|FR\] : [https://www.keytradebank.be/en/support/articles/926-are-you-investing-really-globally-with-a-tracker-on-a-world-index/](https://www.keytradebank.be/en/support/articles/926-are-you-investing-really-globally-with-a-tracker-on-a-world-index/) + +>Nowadays, investing in trackers is more popular than ever, not least due to their attractive price. One of the most bought is the tracker that follows MSCI World Index. In recent years, it has been seen as a great investment. But is that still the case in the absence of any form of diversification? What's more, you know that past performances are no guarantee for the future. +> +>Listen to a number of leading Belgian investment specialists, and you'll often hear a call to invest in ETFs. Warren Buffett, for example, advised his heirs to plough the largest part of his assets into an S&P 500 tracker. Why is this? +> +>There are various advantages associated with tracker investments, with price being top of the list. It is true that they are much cheaper than traditional investment funds, which is why people are often advised to invest part of their savings in a worldwide equities tracker. And why not invest in the MSCI World Index? +> +>Investors who have decided to do so certainly aren't complaining, as the MSCI World Index (in euros) has achieved a good average annual return of around 10% in recent years. This can partly be explained by the high exposure to the American stock market, and partly by the gains made by the dollar against the euro. Even so, investors would be wise not to extrapolate this data and forecast a similar performance in the future. +> +>Allow us to explain. When you invest in a tracker following the MSCI World Index, you invest indirectly in the American stock market. Graph 1 shows that the US makes up around 64% of the index. In other words, investors in MSCI World Index link their fate to the performance of American equities. **When you then see that an economic powerhouse such as Germany is not yet among the top five most important countries, diversification in this tracker is at a very low level.** +> +>Graph 1: Geographical distribution of the MSCI World Index Source: MSCI +> +>But why do we champion diversification? +> +>Well, on the one hand, the American stock market is regarded as expensive according to traditional criteria (such as the price/earnings ratio). This, in turn, means lower expected returns for US equities. However, a changing of the guard seems to be around the corner – the European stock markets and the emerging markets in particular (such as China and Russia) have disappointed in the last decade compared to the American stock market. It would therefore be probable that the rest of the world could perform somewhat better in the next ten years. If you invest in MSCI World Index, you will not receive optimal returns. +> +>**Don't put all your eggs in the American stock market's basket.** +> +>Build a global portfolio containing the US, Europe and emerging markets. You'll be sure to find a suitable tracker for all of these equity markets. By diversifying in this way, you'll also ensure lower risk. Being forewarned is forearmed when it comes to investing! + +I don't know the "Europe" or "EMU" country weight in the MSCI world, **how to find them please** ? + +So, a portfolio following the above recommendations to be more EUR exposed could be contains (with the percentage with which you feel consistent) : + +?% MSCI World ex Europe or MSCI World ex EMU +?% MSCI Europe or MSCI EMU +?% MSCI EM + +I don't know if there is a big difference between choose MSCI Europe & MSCI EMU for 20 years investment. + +From MSCI website values, I've grouped together the country weight charts MSCI index we are talking : [https://imgur.com/a/4lCPC3F](https://imgur.com/a/4lCPC3F) + +*(If I'm not saying stupidity, I've noticed that according to the ETF the % of country weights can be different from the MSCI index.)* + +In other /r/eupersonalfinance posts many say that the msci world already contains the right exposure to Europe even for a european. +Difficult to take things into consideration... +Hi guys, this is what is said in title, I would like some opinion on budget of me and my wife. I think we are spending quite a lot of money but also living very nice life without much restrictions, but I would love to get opinion outside of my social bubble. I did post like this few years back so its kind of reality check for me. + +Little background, I'm 25 IT manager, wife is 26 IT junior Engineer. Living in big city of Czech republic. Making combined of around 6500€ monthly netto. Spending 3k, FIRE investment 1,5k and generic conservative investment 2k (in future we are planning to spend it on house/children/expensive stuff we want). 10k in emergency fund, 95k in FIRE Investment, 10k in midterm (we blew much of it on wedding few weeks back). + + +Our budget: +mortrage (modern but small flat) 660€ + +flat utilities 160€ + +electricity 65€ + +flat insurance 12€ + +personal insurance 35€ + +groceries 400€ + +restaurants/bars 280€ + +petrol 120€ + +car mntc/insurance 40€ + +saving for next car (we buy 5y old and sell 10y old each time) 200€ + +clothing 120€ + +drug store 30€ + +subscriptions 40€ + +public transport 25€ + +gifts (to friends/family) 40€ + +hairdresser wife 10€ + +nails wife 35€ + +barber me 40€ + +dance lesson 100€ + +phone 20€ + +travel 600€ + +FIRE investing (100% Stock ETFs, calculated to retire at 50, not stretching it more as I'm afraid of getting hit by bus few days after retirement lol) 1500€ + +Generic investing 2000€ + +Thanks for any input! +I got a letter from KBC Ireland which contained a leaflet about the Deposit Gaurantee Scheme, which gives details about the 100K limit protection. + +The line that caught my eye is: +"It will repay eligible deposits up to 100k within 15 working days, save where specific exceptions apply." + +It continues: +"Where the repayable amount cannot be made available within 15 working days depositors will be given access to an appropriate amount of their covered deposits to cover the cost of living within 5 working days of request." + +I am wondering: + +1. What "specific exceptions" could apply? + +2. What is an "eligible" deposit? + +3. The 2nd part basically says maybe it cannot be guaranteed, and in that case you will be paid a lessor amount that they deem fair? + +Hypothetically, if the bank were to collapse, are we really guaranteed? +So possibly going to start a dividend ONLY portfolio. What/who is the best broker or app for this? I’m thinking for ease of use and interface, and for tracking of dividend progress. Must have DRIP. +Hello Dividends Reddit, + +I have bought At&t back in Q1 of 2021 and it has been on the downtrend ever since. Should I bail or should I buy more and double down. Currently I have a $29.30 per share cost and staring down a loss and I am not sure if the dividends are worth the capital loss which is hampering my portfolio. Give me some advice on this move. +The recent post about having to skip eating avocado toast for 67 years to save the equivalent of a house down payment got me thinking about big budget items vs small budget items in regards to financial independence. + +For example, the local FI group I'm a part of is always talking about going to a different grocery store to save a dime on bananas or go to a gas station on the other side of town to save a nickel on gas. But I keep thinking about how I switched insurance providers last year to save $800 a year on home/auto insurance. It would take 50 years of saving a nickel on gas to make up for the $800 saved on insurance this year. + +Rather than nickel and diming for the rest of our lives, is there a handful of big items that can save a few thousand dollars a year to help expedite FI? + +EDIT: wow thanks for the amazing responses. I posted this before going to work this morning, came home in the evening to almost 350 comments. From reading through them all, there's good points of view on both sides, but general consensus seems to be to focus on big items first: housing, transportation, food, and taxes. Once those are optimized, you're kind of out of big items to focus on, so at that point, focus on smaller items if you wish to maximize savings. +Hey everyone. I'm a 24 year old who's been lurking around this sub for a while now - basically since I got my first job and realized I really don't want to work for the rest of my life. I'm super grateful to you all for getting me on the right track. I make about $85K gross at the moment, and my NW is sitting right around $95K. + +I've been working from home for the last 2+ months, and it's wearing on me, and really making me miss my extremely expensive hobby: horseback riding (jumpers, specifically, if there are any horse people out there). I miss riding terribly, ever since I graduated college and stopped. It quite literally is the only thing that has ever brought me that level of happiness/joy/passion before. But I don't think there is any way around the fact that it's completely incompatible with FIRE for me, unless I up my earning significantly (which won't happen anytime soon). + +How do I come to grips with this? Anyone else give up some of their passions to pursue their FIRE journey? Was it worth it? Did you get back into your hobby later in life? +The change will be effective from the June 2022 prize draw according to this article: + +[https://ifamagazine.com/article/nsi-to-increase-premium-bonds-prize-fund-rate/](https://ifamagazine.com/article/nsi-to-increase-premium-bonds-prize-fund-rate/) + +"The odds of each £1 Premium Bond number winning a Premium Bonds prize will also change from 34,500 to 1 to 24,500 to 1. + +"The increased prize fund rate will see an estimated additional 1.4 million prizes paid out in the June Premium Bonds prize draw." + +Could this tilt things back in favour of premium bonds as a place to store emergency funds? Now just shy of the Chase 1.5% savings account rate, with the small chance of a big win... +I would like to hear the varying opinions on why the Australian property market will or will NOT drop over the coming 12 months. + + +I can personally think of a lot of reasons why property prices will drop and drop significantly over the next 12 months, however I've yet to hear a well thought through and articulated argument for prices not dropping materially. + + +So please share your views **for** or **against**, however be sure to include your **sound reasoning** behind your opinions, as I'm not interested in baseless opinions. I'm looking to challenge my own thinking by exposing it to different views. + +UPDATE: thank you all for your civil and valuable contributions. I’ve set a reminder for 12 months from now, and will check back in via a new post and we can all review how our assumptions and opinions held up. +I never understood why I couldn't save money, and I always seemed to be in credit card debt. + +&#x200B; + +Now I know! I've been spending WAY too much money eating out and buying clothes. Last year, I lived in the house alone for 6 months, while my parents went on an extended vacation. When they came back, they were surprised that most of the food in the freezer was still there! I was too lazy to cook, and decided to go out for pho or pizza instead. This really adds up when you're doing it 3 or 4 times a week. + +&#x200B; + +This year, I have made a point of eating everything in the freezer before I even go grocery shopping. And there is a time and place for grocery shopping. I can't be making mini-trips to the market everytime I want to cook a new recipe. This was really adding up. + +&#x200B; + +Also, I have now learned to preserve things I like. When I got back from my vacation in the Philippines, I threw out my year old vans shoes, even though I could have just washed them and made them new again. And you guessed it, I went out and spent $80 on new ones. + +&#x200B; + +Just this week, the zipper on my jeans broke. The me of one year ago would have used this as an excuse to go out and buy new jeans. But not today! I took them to a tailor and she said she can replace the zipper for $20. I'm also thinking of taking my favourite sweatshirt to her to see if she can sew up the hole in it. Not everything is an excuse to go out and shop. If you do this, you'll be poor forever. +Hi all, + +I'm the guy who posted about how investors traditionally have 45 days before year end to give notice to hedge funds which was around 11/15. + +I just want to speculate on this topic since in a very weird fashion, Ken did an interview a week prior to this deadline and now Shitadel tweeted for the first time since their Twitter meltdown and they're acting like nothing happened. + +Btw proud of you apes liting up their comment section lmao. + +My speculation is, investors decided to pull funds. And Ken told them "no, reddit people left, we'll prove it by tweeting". + +Ken has no proof that we left. Just look at the price and volume. No one is selling. And he knows it + +So why did he tweet knowing we'll fuck him up in the comments? 2 pieces of speculation: + +1. Either this was a last desperate attempt to keep their clients. Hail Mary play +2. Or Ken paid Twitter to cleanse their comment section and Twitter dropped the ball. + +Honestly, makes no sense to do his interviews and claiming we left and trying to prove it on Twitter. Either this was his last and only option (which failed spectacularly) or he thought no one would comment because he paid off Twitter. + +Whatever it was, it backfired. If this was his last attempt at convincing investors to stay, it failed. I expect their investors will pull out their funds and they gave or will give their notice. + +If this is true, Ken has until 12/31 to give their investors their money back. + +Edit: + +Let me give you an analogy. Imagine two guys about to fight. First they start talking shit. Now imagine one of these guys knows he won't win but keeps on talking shit. This is appearing strong when you are weak. + +Now imagine that guy saying "let's go outside and settle this". This isn't trying to appear strong. This now crosses to "let me show you i am strong". This is what citadel did when they tweeted with comment section turned on. + +They are truly outnumbered by us. So on Twitter, we would be louder voice. So why would he try to prove he is strong when he knows he'll lose? Honestly, makes zero sense. + +It's basically choosing to do something when you're very likely to lose. Basically a suicide mission. My position is, they had to do it because this was best option. And if this was their best option, they're massively fucked +I'm 29 and a single mom, just left a toxic relationship, I'm $15,000 in credit card debt, just got rejected by my own bank for debt consolidating and my credit score is in the low 600's. +PLEASE tell me there is something, anything, I can do to fix this? + + +Edit: thank you everyone for your help and commentary, except for one asshat you know who you are, I am beginning to form a plan and I'm so glad I had the idea to ask this here. Thank you again!! +Hello all. Let me start with some background - Our father died unexpectedly two weeks ago, our mother has been deceased for years. Never remarried. There are four of us. We have no extended family. + +I'm writing today because I'd like your thoughts on our broad financial situation. As it stands, we are still probating assets, which is one house , one car (30k miles, all paid), and one bank account with about . We're still working on a million things, and haven't gotten to probating that, especially since there was no will. + +My father left us each about in retirement funds, and each as life insurance beneficiaries. Of the four of us, I already made the order to move my retirement portion to cash, so that I'll have over in my bank. My reason for this is so that I can readily spend and protect my younger siblings, especially the minor. I plan to pay some consumer debt, student loan debt, go back to school, and for other death related expenses of my father. I do know to set some aside for taxes, and generally speaking, would also like a decent emergency savings. After having both my parents work their whole lives to save and then both drop dead at 56 years of age, I don't really believe in retirement anymore anyway. + +My three younger siblings all stand to inherit the exact same amount, but that also includes their share of ownership in the mortgage, which we plan to keep until our youngest graduates high school in two years at least. At times, it feels like we are all at such different places in our lives, our financial goals and plans could be just as different. + +Nobody seems to have any strong opinions about using their incoming funds. We are still grieving, and trying to 'normalize' our routines, but even before our dad passed, none of us were real financial enthusiasts. + +Being the oldest, I feel tasked with providing the most options and guidance. I'm open to advice, any advice, because I'm not a finance guy myself, either. Bro1 and I plan to start families with our fiances, and we have all discussed putting Bro2's funds in something of a trust that Bro1 and I can supervise. While we don't have this option with Sis, she is still so young, so I want to do as best as I can for her, too. But going back to the trust, we don't even know where to start for making that happen. Is it a court thing? Probate? Financial advisor? Legal guardian + family court thing? + +Of course I want the best for them, with respect to saving, or investing, or just having more financial freedoms. I'm planning to write my own will soon, given the circumstances. Otherwise, any input is welcome, thank you. + +Edit: Selling the house is not on the table for the next few years because we intend to let our brother finish HS in it. Past that, we like the place anyway, so we may continue to keep/invest in it. I'm mostly interested in safe and sound financial ideas relating to the total cash that's about to land on all of our doorsteps. +Last year, Vanguard ran a promotion where they offered 2-3 months free of their managed retirement account services. I said what the hell, and signed up for the service just to see how it went. I believe everything was originally in the 2055 Target Fund, which they reallocated upon taking over management, as follows: + +1% cash/short-term bonds +9% bonds +37% large cap stocks +18% mid/small cap stocks +35% international stocks + +That allocation pretty closely aligns with the allocation of the Vanguard 2055 Target Fund (feel free to let me know if I am wrong about this or misinterpreting), but the fees I am being charged for the managed account services are astronomical. I paid about $5 in fees in 2020, prior to switching to the managed account, and now I’m on track to pay $300+ in fees for 2022 for the managed services. + +Is there any benefit to sticking with the managed account, or should I just revert back to the non-managed account and dump everything back in the 2055 Target Fund to avoid the management fees? +So, im 20 years old. I have enough in my savings to buy myself a decent camper trailer and a truck good enough to pull it. +It would be all i own, plus a 2 year living expense buffer. + +Ive have recently started to see profit on a website i run, but i am unable to give it the attention it needs to grow as im working 90% of the time. + +If i quit my job, i would live in this situation full time for a few years to save money and work on my own ventures and goals. And the freedom it would give me would be priceless to me. + +Any thoughts or problems i maybe havent considered would be appriciated! +I'm currently 18, and attending a community college to get an associate's degree and knock out the basic classes required for a bachelor's degree at a low cost. I'm in my second semester, and have a job that pays well enough so that I wont have any debt by the time I finish my associate's degree. My intent is to transfer to a university and comokete my bachelor's. + +However, my father has made it clear that once my associate's is complete, I'm to be moved out and on my own. I hardly know anything about home buying, and need some help figuring out how Im going to move my life forward. + +I currently work enough to make roughly $400-500 a week, though I can work more when I'm not actually attending my classes and bump that up to about $650-700 a week. + +I've been eyeing some homes, and theres a few in my area that are about $50,000-60,000. I also have a couple that are $70,000-80,000 that are in a better area and are nice propterties. + +I really have no idea what Im doing or how to properly plan for the move, so any help or advice would be awesome. +So, not proud of where I am, but it is time to fix it. I do not want to spend my 30's fixing my terrible decisions I made in my 20's + +So I grew up pretty poor, having money meant to spend it, single mother on K-Mart pay trying to spoil the children didn't help or guide me to the right path when it comes to money management (love ya ma). I've never learned about budgeting, or bills or credit, its french to me but I am trying to learn. + +&#x200B; + +I currently make $57,000 a year on salary, being paid bi-monthly after taxes, 401k, its roughly $1600 in my bank account every 2 weeks. I just accepted a promotion making $72,000 year and have come to the conclusion that I'll have to live in my car because I can't find a person to rent to me with my credit so low. I know this will be a slow up hill battle but I am ready to face it. + +&#x200B; + +***\*Nitty Gritty\**** + +**Collections:** + +$7,868 in Medical Bills (I had strep throat and pneumonia, at the same time, would not recommend) + +$4,011 in owed rent (Leasing company never sent invoice to my company for reimbursement for move, never had anything in writing from the leasing company stating they would so I am responsible for the debt) + +$252 Unpaid gas bill + +$11,000 My car was repossessed as I was trying to balance rent from the place above, and my current apartment and I ended up defaulting on the loan after two missed payments + +&#x200B; + +**Credit Cards/Lines of credit:** + +None + +**Bills:** + +$120 Insurance + +$55 Phone Bill + +$50 Gym + +$950 Rent + +$140 per check to 401k + +$20 Internet + +$200-300 on eating out/drinks + +$100 Groceries + +&#x200B; + +CreditKarma states that my credit score would jump to 503 if I opened a credit card with a 200$ deposit, how accurate is that? Can I trust them, I hear the ads on the radios. + +&#x200B; + +I know I've been stupid and irresponsible but I would really appreciate any help or tips you guys have. Looking at my check vs bills I have no idea where my money goes, which is kinda scary when I think about it, I am determined to do what it takes to resolve this, I just need a bit of guidance. +I opened my first Roth IRA in March. I have since contributed $4000 total, yet neither of my accounts have had gains or losses. My fund manager has me in OEGAX & VAFAX. + +Thanks in advance! +My dad passed away in January. He left me with a 111k in insurance. After paying funeral expenses and giving my grandmother money (10k) I am left with around 82k. It’s in a TCA account that builds interest. I’m a nurse and right now I make 26 an hour although I’m planning to move and make about 5-7 bucks more within the next 6 months since I’m more comfortable with that. I also do travel nursing every once in a while and can make around 2k-5k per week if I decide to take another contract. A friend also passed and left me with insurance money (17k) and I have 9k left after paying off most of all my debts (except my car). + +I want to find a way that’s not extremely risky to invest this money and build more. So maybe I can enjoy my family more and work just PRN. I don’t want to stop working entirely at all, just have money building up over night so I can enjoy myself more but I’m not sure how to go about it. I wanted to put some in a Roth IRA as well but not sure how to go about that. I’m only 24 so I have no clue what to do. Any advice would be much appreciated. +So recently graduated from undergrad and I landed a job that is double what Ive ever made and a lot more than what most of the people I know make. I feel a sense of guilt because I'm scared if they found out then they wouldnt like me me anymore. this is really hard to deal with. + +additionally where I live, I could buy a house in a few years out right. so the question is, what do I do? how do people live on this much extra income? do I pay things out right? say a years worth of internet all at once or build up and put everything on autopay. + +and how do I approach this with my partner? (only want to hear from someone that has been through this on this part) + +Edit: Im planning on staying at my current residence and car as long as possible. +The question is pretty straight forward and I understand that there are different variables that affect everyone's decision with this kind of a question, but I am just looking for a general approach to what tends to be the best decision. + +Thank You for your time. +I am currently an undergraduate/working on my bachelor's degree. I will also be completing an additional two year degree after I graduate, set to be done likely at the end of 2021. In the spirit of it being better to start investing a little bit but early than investing more but later, I really want to start some sort of investment account to start 2020. + +My gut is telling me that since I do not have a full time job that provides a 401k, I should start an IRA. I have the money to start squirreling away a little, even taking student loans into consideration, and like the flexibility of just having one set up already. + +How do I actually pick which IRA is the best option for me? As in, which companies should I be comparing? A financial life skills class I took mostly mentioned Charles Schwab, Fidelity, and Vanguard, but honestly there are so many details that I'm not sure what to start looking at. Is it as simple as I want something with a low commission or cost per stock? What protections should I be looking for? + +Any resources that reliably walk through this sort of stuff would be greatly appreciated! +My father is in his 70’s with Parkinson’s, mom is late 50’s relatively healthy. Since he always managed everything financial some poor decisions have been made as his cognitive function has declined. They own their house, worth possibly around $130k. I believe they owe about $50k on it but may have gone overboard on their HELOC since I last looked at the numbers. They are looking at moving to a more accessible apartment or home. Is there any prayer of keeping the house to rent out or should they sell and use whatever profits to pay off debts or as savings? I’m sorry I don’t have the totals on their debts. + +Parents’ monthly finances: +Mortgage: $550 +HELOC: $360 +Monthly taxes: $370 +Home INS: $85 + +Car loan: $110 +Credit cards: $315 + +Auto Ins: $65 + +Health costs: $665 + +Utilities: $250 + +Total: $2770 + +—- + +Dad’s SS: $1500 +Mom’s income: $500 +IRA distribution: $800 (will run out in 5 months, so I figure there’s about $4k left) + +Total: $2,800 + +This isn’t including food, gas etc. so obviously a bad situation especially as soon as the IRA is gone. My mom’s income is so low because she cares for my dad and leaving for the 12 hours of work per week is not the safest situation for him so the idea of gaining income is a challenge. + +We don’t know what is best. In our area one would be lucky to find a 1 bedroom rental for around $1100. +Fred Meyer has twin bed sized memory foam pads for $20 right now, and it’s double the size of any dog bed I’ve ever bought. Our dog has 3 legs and needs extra comfort, and we cant afford those $130 memory foam beds, so I bought this $20 pad and it works way better than the name brand stuff. She loves it and wouldn’t leave it for a few hours. + +It was so big you could either make 2 beds for $20, or fold it over and make a super comfy dog bed (that’s what we did). Our 2 dogs can share the one, folded bed. + + +Either way it’s like $50-100 cheaper to just buy the foam from Freddie’s or Walmart than to pay a large price for the foam just covered with some fabric. +http://www.bloomberg.com/news/articles/2016-07-28/facebook-gets-3-5-billion-irs-tax-notice-over-ireland-move + +http://www.marketwatch.com/story/facebook-says-it-may-owe-up-to-5-billion-in-taxes-2016-07-28?mod=mw_share_twitter + + +I'm very interested to see what happens if the courts decide that Facebook does owe that much. + +Will the IRS demand a lump sum (since it's for a previous year)? Or will they accept some sort of high-interest payment plan? +We will be going on an all-inclusive vacation to a resort island that assigns you a butler to bring drinks, food, set up water sports, anything at all. This is the first time we’ve done something like this, so I want to make sure we aren’t being rude. What is the etiquette around having a butler? + +Do we tip? Is once at the end of the trip enough, or do we tip every time something happens? How much is expected? Is there a general common courtesy around the hours worked (like don’t call at 3am)? What questions am I missing? +I’ve been in $SAFEMOON from the beginning or close to it and have been excited about it since hopping on board. Im not the only one - a couple of days ago there was only like 2.5k holders, today there is almost 30k holders with an mcap closing in on 70 million dollars. This quick rise overwhelmed the guy who developed the coin and the site went down due to the sheer volume of traffic. They have brought on more people now and things are starting to smooth out. I’ve seen a lot of talk about it possibly being a scam so I’m gonna shut that shit down real quick, the devs use discord as their primary means of contact with our community and they just had an impromptu AMA in voice chat with hundreds of people listening and asking questions. This team knows it’s the community that drives this token and I genuinely feel like they are in for the long run. Come have a chat in discord with the community and the devs. + +As always DYOR. + +Safemoon.xyz + +https://discord.gg/BRQxRCEh +Seriously? I see a lot of talk about doge and this and that. Why is no one talking about shorting it though? I’ll be working on it tomorrow and going into Sunday; this will have a learning curve for me. I’ve never shorted a crypto. Please upvote because +Dogey bois are going to be big mad at this thought. + +https://marketrealist.com/p/how-to-short-dogecoin/ +So, I am looking for really small gems, coins that have a solid value proposition with good teams but not too known. + +I know I will get shilled hard, but don't mind it, there might be a coin or two worth checking. + +I went from browsing memes on Instagram for maybe an hour or two a day to spending 5-7+ hours on reddit every single day, weekends included 😬 + +I am literally addicted to DD like it’s crayola infused crack, I can’t wait to take my tendies and go for a hike or some shit. Don’t get me wrong i’ll stick around because our bond is stronger than our diamonds hands 💎🙌🏻, but I’m really looking forward to the next chapter of life 👍🏻 + +Anywho, I love you apes and I really hope there’s a safe way for us to meet up post squeeze, I can’t wait to hear about all the awesome things you all are gonna be doing 😁 + +Peace ✌🏼 + +p.s. I find the lack of rocket emojis on this sub disturbing, so + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +We frequently see posts asking about what income taxes are due when someone sells their house, many times with misunderstandings about the rules. Even if you are not thinking about selling today, maybe you wonder how this works. Here is a quick summary of the rules for such things in the US; it includes the most common scenarios, but not every situation. (This excludes any state/local transfer taxes associated with the transaction.) + +- First, let's assume we are talking about the house you live in as your primary residence, as opposed to an investment property. (If you sell a property where you took any depreciation at any time, then you have other rules that came come into play, and that's another post. https://www.reddit.com/r/personalfinance/comments/dympoq/taxes_on_sale_of_investment_real_estate/) + +- If you sell the house you live in, the federal government (and then the various states) gives you a break if you own and occupy the property for at least two years. This doesn't have to be continuous, but usually it is. If you lived there for two+ of the last exactly five years, you're good, whether or not you live there where you sell. + +- The break is in the form of an exemption of some of (and usually all of...) the gains from the sale of the house in the amount of $250,000(!) for a single person, and $500,000(!!) for a married couple filing jointly. That's a pretty nice piece of untaxed income right there. All yours. No need to buy another house, or do anything else to qualify for this. You can take advantage of this once every 24 months. + +- What are gains? Counter-intuitively, it has little to do with the money you physically receive from the sale, or the amount after you pay off your mortgage. It has everything to do with the difference between a) your cost basis, which is usually what you originally paid for the house, way back in the day and b) what you received from selling the house, minus your cost of selling. I.e. you buy a house for $300K, and you sell it for $400K after brokerage commissions, etc....your gain is $100K. Even if you got $400K paid out because you didn't have a mortgage, or only got $50K because you recently refinanced to a bigger mortgage. + +- your cost basis starts out being what you paid for the property, and you can include some costs of buying, e.g. taxes you had to pay...those increase your basis. (With an inherited property, it's the market value at the time of death.) You then add the cost of permanent improvements you made to the house. Replaced the roof? Upgraded the kitchen? Those expenses improved your house and increased your cost basis, so reduce your gain when you sell. Maintenance does not increase your basis. + +- So, take what you realize from the sale (net proceeds, minus costs of selling), subtract your cost basis (purchase price plus improvements), that's your gain. Subtract $250K as a single person, $500K as a married couple. Anything remaining is subject to long-term capital gains taxes, typically 15% rate. + +- If you lost money on the house, then there is no impact on your taxes. You cannot deduct the loss on the sale of property held for personal use, including a house. + +- If you sold before you could pass the two years in the last five test, usually you get no exemption and owe tax on the gains, but there are some exceptional circumstances, including relocating to take a new job. + +Here are some articles that describe this process in more detail: + +https://www.thebalance.com/sale-of-your-home-3193496 + +https://smartasset.com/taxes/taxes-on-selling-a-house + +https://www.taxact.com/tax-information/tax-topics/12-tax-tips-when-you-sell-your-home + +Here are the IRS rules: https://www.irs.gov/publications/p523#en_US_2018_publink10008952 + +So, there you have it. The vast majority of personal residence sales result in no taxes due the exemptions, and don't even need to be reported on your taxes in most cases (though you may want to report them anyway). + + +# [https://www.worldoil.com/news/2020/3/31/oil-selling-below-10bbl-at-key-american-hubs](https://www.worldoil.com/news/2020/3/31/oil-selling-below-10bbl-at-key-american-hubs) + +# Oil selling below $10/bbl at key American hubs + +By **SHEELA TOBBEN** on **3/31/2020** + +NEW YORK (Bloomberg) --Oil is selling for less than $10 across key North American hubs as the global demand shock from coronavirus leaves crude with nowhere to go. + +The coronavirus pandemic has hit demand so hard that as benchmark futures plunge to lowest in 18 years, oil is backing up throughout the distribution system, raising the prospect that producers will need to shut in wells. Some of the hardest-hit areas have been those thousands of miles from export terminals, which would provide the possibility of escape, either to foreign markets or onto tankers as floating storage. + +Refiners across the U.S., including PBF Energy Inc., Valero Energy Corp. and Phillips 66, are slowing fuel production as restrictions on travel and work has reduced gasoline and jet fuel demand to a trickle. North Atlantic Refining Ltd will be idling its 130,000-barrel-a-day refinery in Newfoundland, Canada, for two to five months due to the outbreak. + +The market is groaning under the weight of this oversupply so much so that U.S. midstream operators such as Plains All American Pipelines have asked their suppliers to reduce oil production because storage capacity is reaching its limits. + +Bakken crude in Guernsey, Wyoming, sank to a record-low $3.18 a barrel Monday, according to data compiled by Bloomberg, while Western Canadian Select in Hardisty, Alberta, was worth just $4.18. Even oil in West Texas is as cheap as it’s ever been. West Texas Intermediate in Midland was $10.68, just above its all-time low from 1998. And it’s lower-quality counterpart, West Texas Sour, slid to a record $7.18, the lowest in data going back to 1988. + +West Texas Intermediate Light, also known as WTL, traded at around $7.50 a barrel below the WTI Midland benchmark on Monday, traders said, the equivalent of about $3 a barrel outright. Including transportation costs from the wellhead, that would mean the very light crude is worth near-zero, if not negative, when it comes out of the ground. + +Even oil that makes it to a dock isn’t immune from the price plunge, as refineries around the world slow down. U.S. oil for export from Corpus Christi -- the end point of several new Permian pipelines and a major exporting hub -- traded at $15 a barrel below July Brent, according to traders. +Reddit, the self-declared ‘front page of the internet,’ says it is now valued at more than $10 billion after raising an additional $410 million in funding, with the final round expected to grow to up to $700 million. + +The company continues to build and sanitize its business, removing racist, misogynist, and otherwise controversial communities, as it prepares to go public at some point in the future. + + +“We are still planning on going public, but we don’t have a firm timeline there yet,” Reddit’s co-founder and CEO Steve Huffman told The New York Times in an interview. “All good companies should go public when they can.” + +The company previously raised $250 million in funding earlier this year for a valuation of $6 billion. But Huffman told the Times the company was approached with this recent financing round by Fidelity Investments and were made “an offer that we couldn’t refuse.” +I am mystified as to what the purpose of this is ? I have a ton of people on my contact list - some of which are competitors of each other. I uninstalled it promptly since it its default posture was on of share all versus share nothing.. + +But I can't imagine why anyone would want others to know their money business ... + +If you are a venmo user care to share your opinion ? +Row, row, row the boat, gently out to sea... + +Recent stake in Taiwan and increased stake in Japan. Hmmm + +&#x200B; + +[https://www.msn.com/en-ca/money/topstories/berkshire-hathaway-sells-807-million-of-shares-in-chinas-byd/ar-AA14p0KG](https://www.msn.com/en-ca/money/topstories/berkshire-hathaway-sells-807-million-of-shares-in-chinas-byd/ar-AA14p0KG) + +&#x200B; + +Story by Reuters • 2h ago + +&#x200B; + +HONG KONG (Reuters) - Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 3.23 million Hong Kong-listed shares of electric vehicle maker BYD for HK$630.33 million ($80.67 million), a stock exchange filing showed. + +&#x200B; + +The sale lowered Berkshire's holdings in BYD's total issued H-shares to 15.99% on Nov. 17, down from 16.28%, a filing to the Hong Kong Stock Exchange showed on Tuesday. + +&#x200B; + +($1 = 7.8141 Hong Kong dollars) + +&#x200B; + +(Reporting by Twinnie Siu; Editing by David Goodman) +As Joscha Bach said, a publicly accessible stock market and machine learning cannot coexist in the long term. + +Any predictions when the over saturation of machines in the market will happen? Im aware the current bot activity is about 70% of all trades or something like that. I’m talking 90%. +I'm looking into buying a condo in SF. A 1 BR is all I can really afford, but also all I really need. + +Most of what I'm looking at is around $800-900k. My problem is that I find it really hard to believe that the property will grow in value an additional $100k+ over time. + +Now hear me out: + +SF as a market, red hot, the gold standard. No new supply being built, no land to build it, lots of demand from rich tech workers. + +So why do I think that it wont go above $1 mil? + +A mortgage for a place above 1 mil would run maybe $5-6000 a month with taxes and HOA. + +Think about who buys 1 BRs. Its single tech workers who are not yet with a family or that far along in their career. Those people, while paid highly, are not paid anywhere near enough to have $6000 a month to drop on a tiny apartment. + +The people with that kind of money, would be dual income families, who need space, or mid-high level tech workers who probably want more than a 1 BR. + +Also, and this is my least persuasive argument, 1 million is a symbolically huge number, it means something more than a change in 6 figures to higher 6 figures. + +This is just my personal thesis. I would love to buy a place, but as an investment, its hard for me to feel right about it. + +What are your thoughts on the 1 BR market in SF? + + +Do you believe the median price will go to and stay above 1 mil? Why? What's your thesis? +I’m a naturally low spender, so I don’t track my expenses very closely. Today I decided to check out Mint to see what I spent in 2020. All in, it was just under 30k. With my current net worth of $1.25M and planned withdrawal rate of 3%, that theoretically means I can support my spending on my current investments, which is an unexpected surprise. + +I wouldn’t actually consider myself financially independent yet for a few reasons: + +*I expect my long term retirement spending to be higher than my 2020 (Covid) spending. Healthcare, additional travel, and possible lifestyle creep/kids/whatever as I get older all factor in here. + +*About half of my net worth is in relatively illiquid private stock. There are liquidity events about once per year, and I plan to exit this position before actually retiring. + +*I currently rent the room where I live. Long term I plan to own my own house, and I won’t really consider myself “independent” financially until I have a paid off home. + +Still, it’s a cool milestone. Basic background on me for those interested: 29M, $1.25M NW, LCOL area (if anywhere can be considered that currently), salary around 100k not including stock compensation, work a technical job but not software +Today, ETH showed a new level of Anti-Fragility: + +More than ever, folks understand that a dapp developer can screw up blatant core contract function code, just as failure to follow mission-critical javascript code best practices can allow for a web server hack. + +Is internet protocol code culpable? Is Ethereum protocol code culpable? + +Anti-fragile outcome: + +-Greater robustness in fundamental dapp development standards, and more bug bounties. + +-Greater understanding of the tech. + +-Holder demographic change. ETH sold with FUD was bought by those with technical competence. + +-Price resilience despite massive FUD. + +-More White Hat involvement in Dapps. + +-A beautiful response from the Ethereum ecosystem/community. No ego-fueled tweets (Charlie Lee) or finger pointing etc. Instead it was a day of education. +Given the massive increase in property prices in many areas over the past 12 months, check where in the UK you can afford to purchase an average priced property. + +This is the link to the [UK property affordability calculator](https://tarsolutions.co.uk/blog/uk-house-affordability-calculator/). + +Enter your deposit, your income and, assuming you can borrow 4.5x income, the tool will show where you can afford an average property. + +Want to buy a detached house? Then filter for Detached! + +Data is missing for different property types in NI - only an overall average is available. + +Note this is just for fun, it's only a guide. There are too many factors at play to know what you can actually purchase! +I’m outside of the US, and Europe, and looking to invest in stocks or ETFs that will give me a stable return. In addition to VTI and VXUS Im becoming a bit tempted to explore dividend bearing stocks/ETFs to see if I can increase my portfolio (via instant reinvesting dividends) and potentially eventually using the dividends as an income (20 years down the line). My question is this. As a non-US citizen I currently pay withholding tax on all dividends. This essentially eats away a massive fraction (30%) of any incoming dividend. Based on this tax, is it futile/wasteful/inefficient to even be considering dividends as a strategy? Thank you. +4 dividend ETF's that I like, but are very different are DGRO, VYM, VIG and SCHD. One thing an early investor into these funds should consider other than the dividend yield is the ETF's holdings. Not all ETF's are built the same way. Some have more Energy stocks than other, and some have more Financials than others. If looking for more Technology is the ETF, some have more than others. What kind of companies do you think will be leader that grow and raise their dividend? Here is a brief comparison of DGRO, VYM, VIG and SCHD: + +Holdings. DGRO. VYM. VIG. SCHD + +Energy. 3.65% 6.27% 4.92% 5.70% + +Tech. 18.54% 11.25% 18.09% 13.81% + +Financial. 18.55% 18.63% 6.05% 23.97% + +YIELD. 2.56%. 3.64%. 1.33%. 3.53% + +There are other items to look at when selecting ETF's, but for the young investor looking to just get started, one of these 4 ETF's is a great place to start. + +Remember building wealth takes time (years). Invest regularly (weekly or monthly) even if it is just $25/month. Once you start, commit to it. You will be happy you did. +I just wanted to thank everyone here as Ive been stalking this Reddit and following the advice in here. I officially now have 72 dollars in my savings for an emergency fund and that's just in the last 2 weeks. Next up is squeezing more money out of other places I didn't think it could be and try and have double that amount in savings by the end of the month! +If you're in the same boat I am - received unemployment and filed taxes before the bill was passed making those funds non-taxable - this is great news! + +&#x200B; + +>The automatic refund will mean that many recipients of unemployment benefits who have already filed their returns for 2020 won’t have to take extra steps to reclaim the taxes they paid but no longer owe -- on as much as $10,200 of jobless benefits. Taxpayers who have yet to submit their returns also have an additional month, until May 17, to file this year. +> +>“Do not file an amended return at this time,” Rettig told a congressional panel on Thursday. **“We believe that we will be able to handle this on our own. We believe that we will be able to automatically issue refunds associated with the $10,200.”** + +&#x200B; + +[https://www.bloomberg.com/news/articles/2021-03-18/irs-to-automatically-process-refunds-on-jobless-benefit-payments](https://www.bloomberg.com/news/articles/2021-03-18/irs-to-automatically-process-refunds-on-jobless-benefit-payments) + +EDIT: Lots of questions and confusion. The stimulus package that Biden signed into law on March 11 included the provision that the first $10,200 you received in unemployment income in 2020 is no longer taxable income. That is not in question and has already happened, though tax prep software has not been updated to reflect that yet, so if you have not filed yet, and use Turbo Tax or the like, hold off until they update. What IS in question is how this affects people who ALREADY filed. What this article is quoting is the IRS telling the House yesterday that they intend to handle those people automatically and not force them to file amended returns in order to take advantage of that tax break: **“We believe that we will be able to handle this on our own. We believe that we will be able to automatically issue refunds associated with the $10,200.”** + +Note that this NOT set in stone because they have not made an official announcement, but that is the current intention/plan, and I have to believe it is likely or he would not have made that statement to the House. + +NONE OF THIS APPLIES TO STATE TAXES. How your state handles taxes on unemployment is going to vary by state. If your state usually taxes unemployment income and they have now decided not to, but you have already filed, you will still likely have to file an amended state return. If you haven't filed yet, you may have to wait until they have updated their systems to account for a new tax break. All of that is going to vary state by state. + +How much, if anything, you get back because of this is going to vary based on how much you withheld this year - both from unemployment income and other income since it is all one big pot of income - how much you made total, your tax brackets, and other factors. The only simple answer to that question is that the amount of income you had to pay taxes on will go down by up to $10,200 (as long as your total income is under $150K). So you now owe less taxes to the government. If you over withheld and were owed a refund, you will get a bigger refund. If you under withheld and had taxes due you will owe less, or maybe get a refund instead. Those exact numbers are going to vary depending on your particular income situation. + +UPDATE: Additional refunds will begin being processed in May - [https://www.reddit.com/r/personalfinance/comments/mhezuz/the\_irs\_release\_further\_guidance\_regarding\_10200/](https://www.reddit.com/r/personalfinance/comments/mhezuz/the_irs_release_further_guidance_regarding_10200/) + Around March, my contracted ended with my employer and affected me serverly mentally. I ended up shutting down mentally and did not leave my home. not signing on for any kind of benefit or finainal support. while this happened my phone bill was still being charged and my bank went overdrawn. I am now facing overdrawn fees and just got a letter from my Phone provider from debt agency. I am now signed on with the job centre and trying to get back on my feet. but reeciving that letter makes me feel like things are crashing down again. + +&#x200B; + +I am currently in a que with national debt line, what are my other options? +https://www.washingtonpost.com/business/2020/03/11/layoffs-coronavirus/ + +> Airlines, hotels, travel agencies and event companies have all been suffering, but interviews with more than two dozen firms and workers reveal that the pain is now translating into layoffs in a wider circle of industries, including a bakery and a chain restaurant. + +> At the Port of Los Angeles, 145 drivers have been laid off and others have been sent home without pay as massive ships from China stopped arriving and work dried up. At travel agencies in Atlanta and Los Angeles, several workers lost their jobs as bookings evaporated. Christie Lites, a stage-lighting company in Orlando, laid off more than 100 of its 500 workers nationwide this past week and likely will lay off 150 more, according to chief executive Huntly Christie. Meanwhile a hotel in Seattle is closing an entire department, a former employee said, and as many as 50 people lost their jobs after the South by Southwest festival in Austin got canceled. + +> Economists fear more layoffs in the coming weeks as supply chains come to a halt and people stay home and spend less. + +> “We will definitely see an effect on jobs from the coronavirus, and it could be pretty large in leisure and hospitality,” said Julia Pollak, labor economist at ZipRecruiter. “The first thing we’ll see is a reduction in hours. We hear many reports of employers canceling staff everywhere except in health care.” + +> Monday in Los Angeles, Sam Creighton and about 20 colleagues were fired from the China Visa Service Center. Creighton helped Americans get travel documents to China, but business plummeted as groups and individuals canceled trips to Asia out of virus fear. The company processed around 400 visas a month; in February, that number fell to 22. The visa center did not return a request for comment. + +> "This job was my paycheck,” said Creighton, 27, who worked at the company for about three years. “I really don’t know what to do next." +So according to gov.uk i have to make 35 years of National Insurance contributions to qualify for the full state pension of £185/week. My account says I have 19 more years of contributions to pay until I qualify for full state pension, which will take me to 52. + + +I also have the option to pay about £2000 voluntary to fill in 3 missing years of contributions, which would give me 16 more years until I qualify for full pension. + + +I know I can't access my state pension until I'm 67, so is there any benefit in paying this off early? Do my national insurance contributions change once my state pension is paid off? + +**update** Thanks everyone, sounds like there's no benefit from paying my 35 years of contributions off early unless I'm planning on going abroad, and I'll probably die before I get my state pension anyway! Appreciate all the advice! +For those who want to invest in oil stocks, a piece of the puzzle that you cannot ignore is the fact that US producers have differing strategies for hedging oil price movement, potentially limiting both their upside/downside. Despite a record FY2021 of operational cash flow, many of the US oil stocks are sitting on big a pile of unrealized losses due to their hedging. Don't be fooled by management's obfuscation. This is real loss that need to be dealt with at some point. + +This hedging could partly explain why, even though when WTI rallied to $80/bbl, oil stocks still languish at 30-60% below their pre-COVID levels (and also because the companies ate away a lot of shareholder's equity to survive COVID). + +Even if you're bullish on oil price and want to invest in the oil stocks, you need to look at the way the companies you invested in have their hedging strategies. One of the thing I predicted is that the upstreamers will start diverging in performance come 2022 because of their hedging strategies starting to diverge significantly. Many of them have stated during earning calls that they will no longer hedged at the same level as they did in 2021, thus making their income stream more affected by a rise or fall in oil price. + +If you look at the chart in the WSJ link below: + +[https://www.wsj.com/articles/oil-companies-got-their-hedges-clipped-11638273780?mod=markets\_lead\_pos11](https://www.wsj.com/articles/oil-companies-got-their-hedges-clipped-11638273780?mod=markets_lead_pos11) + +Most of the oil companies on the chart hedged about 50-75% of their total production in 2021, thus severely limiting their upside when oil price rose. Come 2022, some companies have stated that they will no longer hedge most of their production going forward. This could be a blessing or a curse depending on what oil price will be in 2022. One thing is for certain: you can't rest on your laurels just buying any US producers without thinking about their hedging strategies. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +With inflation being as high as it is, cash that is held in a savings account is losing even more value than it normally does. However, with stocks down, bonds down, gold down, crypto down, and now real estate coming down... where are people putting their money to outpace inflation? +After 2 years of working 60+ hour weeks and constantly being on call and working while "on vacation", my company finally listed and it wildly exceeded my expectations to over $9m pre tax, living in CA uncle sam wants about half. :-/ +My base salary is 160k yr and have been slowly working towards FI for the past 5 years with about $200k before my payout (few more weeks before that happens) and was aiming to RE sometime in my 40's (currently 32) with plenty of time to come up with a plan of something to retire to. + +My job is OK, I like the people I work with though its very demanding and I don't find it particularly engaging, I kind of figure this isn't the end of the world being most people don't love their jobs and at least I'm compensated well for it (...very well now). + +I have 2 years left to vest the other half of my equity grant, potentially doubling my current equity or more depending on markets in that time, so it seems foolish to just leave that on the table though I'm burnt out and now struggling to find motivation to continue (covid has made this even more of a challenge). + +I am thinking I will request some time off and even try for an extended sabbatical. + + +Would love to hear if anyone else has had a similar experience and how they navigated. + + +Also, for the taxes, are there options to reduce on w2 income, I'm figuring I'll talk to a CPA though I don't own property and not sure what benefit they can really offer. +Any particular benefit that a novice investor wouldn't immediately see to buying VT every two weeks vs a VTI & VXUS every two weeks? + +I'm guessing returns would be higher on the VTI/VXUS combo along with dividends, but currently VT has a much lower barrier to entry cost? +Hello everyone, + +I'll be honest, everyday I discover a new ETF, and I am confused. + +I'm looking at a 20 year timeline, and this is for my child's education. + +Should I go all in on just one ETF? + +I prefer index funds, but have been reading about QQQ and other similar ETF's from Vanguard. + +Can anyone help point me in the right direction? I'm not looking for a "here, just buy this" answer as that won't empower me to learn and improve my knowledge. + +How should I go about this? +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +Alright so I've currently got no job, no income and no education besides an average high school degree. + +Although I have about 3 years of college experience in digital content creation, I haven't finished that study as I have been taught everything I already knew about creating content online, however they've never taught us any of the business side of being a self employed creator in a stil fairly new work field. So I've decided to start a business study in september and have been working mostly since last October. However it was always really hard to find any jobs that allowed me to work for more than 20 hours or less than 55. So I was either overworked all the time or just constantly stressing because I couldn't be paying all my bills on time with 20 hours/week on minimum wage. + +Now because of what's going on in the world currently I've been fired from my job along with about half of the employees working for said company and I've currently got no income, and with just about every job either telling me they'll consider my application once everything is back to normal or simply just ignoring my applications (which I suspect is because a lot of 16-21 year olds are applying for just about any job they can find currently as well, and seeing as I'm above that age bracket, they've legally got to pay me minimum wage of an adult now. I can't confirm if this is why I also get ignored from companies who are still open and looking for "essential workers" or any other reason, but considering how many people under 25 are actually in need of a new job currently, it defenitely doesn't seem out of the question) + +In terms of finances, Ive had enough to pay rent for this month, which put me down to my last 20 euros currently with no clue on what to do. I've had to sell half of my pc parts to actually make rent, but nobody seems to want to buy the other half, which would only provide me with an extra 100-200 anyways, which just isn't enough for another month. + +My issue is, even if I'd be able to get hired anywhere today, I'd still have to wait an entire month for my salary, how do I make it to my next salary if I'd be able to find a job right now. And until that time, what can I do to get back on my feet. Anything I haven't though of that I could possible just, without needing to be hired anywhere that could possibly pay daily or weekly? Literally anything that could get me out of my current situation would be great, I just have no clue on where to even begin +We retail probably own 200% of GME. This is far from over people. Yes they fucked us but they didn't take back 270 million shorted shares. They are still totally fucked. Totally fucked. This just isn't a USA issue. This is an internationally traded company with those shares spread into the hands of almost every nation on earth now! How the USA deals with this will have huge consequences if handled unfairly!!!! + +Do you think countries and people that have trillions, yes trillions, invested in wall street and the USA will just accept getting fucked on a free market? The USA government is inbetween a rock and a hard place and chances are the economy is fucked regardless. + +But pissing off the entire world and having them pull investments, sell USA Treasury bonds off etc is far worse then letting GME run its course properly. If they don't intervene the squeeze will happen and those that are holding will get paid and paid well. Wall street will take a beating so bad it will be called wall road, stocks will plummet in a sell off, but it will recover. + +Money will be invested, by the Americans that got rich off GME. They will lift the country back up. + +But if your government stops this free market and kills this, the world will see. They will sell off USA assets and bankrupt your country. Treasury bonds will be worthless, your stocks will crash through the floor while foreign investors sell off every USA holding they have. It will make the depression look good. There will be no recovering. + +You will lose the Petro dollar, people will stop selling oil for Treasury bonds that have propped your country up since 71. They will goto a fair and free market that won't Rob them and their citizens and their own citizens. This will destroy 100% of any confidence these people have in investing in your country. + +Why would any country continue to place trust in an economy that runs the world when it will manipulate the rules and Rob its own people, not to mention their people for financial gain? This is what is at stake, your economy, your future, your currency. Without the world using USA Treasury bonds to buy oil, and their faith in your fair and free market/capitalism system where anyone can make it rich, who will invest? + +This will literally show the world that the American dream is impossible, and erode all faith that anyone has in your free country. It will show them that it is corrupted and owned by the rich. End rant. + +Edit +Ironically if wall street payed.every asset out, 63 trillion in dttc or what ever it's called to GME holders, the capital gains would pay off the entire USA debt of 27 trillion. 40% capital gains tax + +Edit 2 +Math +270 mill - https://www.reddit.com/r/wallstreetbets/comments/lmagzp/today_interactive_brokers_ceo_admits_that_without/?utm_medium=android_app&utm_source=share + +109,459,544 - 156.94% (ex +https://fintel.io/so/us/gme + +Leaving 130 mil in retail hands 30 mil not part of stock market float. + +110 mil + 130 mil + 30 mil = 270 mil + +Edit 3 +USA Marine - If the SEC and American government don't do anything for the $GME situation, I'm liquifying every American Stock asset +https://www.reddit.com/r/GME/comments/lmoow4/if_the_sec_and_american_government_dont_do/ + +Edit 4 +#\#dumpthemarket +https://finviz.com/map.ashx?t=sec_all +"Who would hire a teen for 15$/hr minimum wage over adults? Wouldn't big companies automate jobs away? Like McDonald and their kiosks very few cashier now. + +Wouldn't this hurt small businesses since they can't afford to hire? So wouldn't this cause inflation? Only benefiting the big companies to automate? + +How are we going to deal with automation and the lost of jobs? +An intro to micro instructor in another subreddit wrote, "demand is always there, even if the product is so expensive that no one wants to buy it at that price." + +The way I remember being taught is that "wants" are unlimited (unlimited wants, limited resources), and demand depends on the price. + +Am I wrong or is the teacher wrong? +Hello I just have a few questions here since I don't know much about macroeconomics, I've been reading the news that some republicans are suggesting for the US government to default on it's debt to China so they could retaliate against the damages which was caused by the covid pandemic. + +If ever this debt default happens, what happens to the US and global economy? why would the US dollar tank, isn't it still the global currency that will be used for a long time even if they default on china? how about the effect on this on China's economy, will it be China or US who will suffer more from this default? + +And also what positive thing can this debt default ever do? I'm reading articles about it and it seems no one is saying a positive thing that this thing can do.. +By the question in the title, I mean that I want to know what happened to the credibility of Reinhart and Rogoff? I also wanted to know if people questioned past papers published by RR and if future papers published by them faced doubts and questions? +Pretty self explanatory. I want to continue learning more on the subject, and grad school isn't really on the horizon at the moment since I'm not ready or qualified for a PhD program (not sure I'll ever be, to be honest). What are some recommendations from some more experienced economists/graduates/professionals can give me to continue my education in my own time? +In Ohio, our state [spends over $2 billion on tax exemptions](https://budget.ohio.gov/Budget/operating/doc/fy-20-21/FY%2020-21%20Tax%20Expenditure%20Report%20update%2007092019.pdf) (p.7) annually for private firms who purchase manufacturing equipment. I've heard some folks try to make economic justifications for this but it seems to me like a narrowly-tailored tax incentive to spur economic growth in a specific industry. Is there some economic argument I am missing here? +&#x200B; + +[SPX box spread expiring 12\/30\/2022](https://preview.redd.it/qv8r5lcrkx3a1.png?width=1634&format=png&auto=webp&s=62a935824101ff4bebcf006e5cd77773db69436a) + +I legged into this trade on 12/02/2022 and thought I'd share as it is about as pure of a theta play as exists with no impact from delta or other greeks. By combining two debit spread with the same expiration and inverted strikes you get a box spread that has a known return. Getting filled on these is hard and I was having very limited success in getting fills when I put it in as a single trade, but I was successfully able to leg into this one for a pretty high return. + +I bought the call debit spread first and then put a GTC order in place for the put debit spread with a limit price of 10 - 7.2630 (Call fill price) - 0.25 (desired profit) and got filled for a combined debit of 9.7760 for a total cost of $977.60. + +On 12/30/2022 these options will expire and since SPX is a cash settled, euro styled option I will receive an even $1000 into my account after expiration for a total profit of $22.40 including fees paid to Schwab. This will give me a ROI of 2.29% and an annualized ROI of 32.73%, well worth the time spent setting it up. The primary risk here is that I had the call debit spread standing alone while I waited for the put debit spread to clear, but with the daily movements of the market bouncing around everywhere I figured I could get a little room to play with with these spreads. + +Expanding the width of these would allow for more efficient trades, but at the risk of having a larger sum at risk while you wait for the second spread to fill. + +I'd be interested to hear any stories people have on box trades in general for things I might not have thought of as I expand this strategy and move away trying to get the fill for all four legs at once. +I just got approved for an apartment (NSW), but the rental agent is asking for the bond to be lodged into her trust account for the first 6 months rather than government-run system. After the first 6 months she will lodge it through the official channels. + +When I asked why, she replied that it was tax beneficial for the owner. + +Obviously something is a bit shonky here. Anyone got some ideas about what the agent/owner are up to? +A little bit about our situation. I will turn 30 this year, wife 28, first child due in august. 3 years ago our household income was 100k, approx 100k in student loans and another 30k in consumer debt at that time. We live in LCOL area, median household income where we live is 50-60k. Wife started online side hustle in her newly found extra free time at home when covid hit and remote work started. 6 months later I quit my job to come help her, 6 months after that she left her full time job. Our side hustle has turned into a real life business, 6 full time employees, 6 part time contractors, $3.6M in top line revenue last year and $2.2M in profits. The business is still growing in revenue numbers every month and at this point things are close to being on autopilot (20-30 hrs week combined) unless we continue to expand our offerings. Today we have a liquid portfolio of approx $1M and additional $500k in real estate equity between our primary residence and a single rental property. This year we are forecasting quarterly distributions up to 600k that will be invested directly, we intend to only live on our salaries for the next couple years. + +I recognize we are in an incredibly unique position, and it seems like there may be some people here who have similar experiences. + +&#x200B; + +Any advice on how to navigate dealing with people who are selling us on something? It really is true that the more people know you have the more they want. We have had countless meetings with wealth advisors, accountants, marketing teams, etc. All who are trying to sell us services, most of which we need, but deciphering who is worth their money/who is not has been a challenge. + +At what level of wealth is it necessary to begin looking for a super high level accountant? Any advice on that would be appreciated, as our business continues to grow we are more and more considering selling a piece/all of it. We anticipate this would create a $20-30M net windfall and the sooner we can start tax planning I think the better. + +How do you guys who have fatFIREd make friends or find social circles in your net worth class? It would be really nice to have friendships with people whom we can go have $100 steak with and not have to feel pressure to foot the bill, or know that this night cost our friends 3 nights somewhere else. We have found it difficult to find social circles in which we aren't either half the age of our peers, or we aren't worth 5-7-10x those around us. This disparity is growing by the day. Obviously we work from home on the internet, but I am concerned about our mental health if we were to sell the business outright and have a severe lack of a social life. + +&#x200B; + +Any and all advice would be much appreciated, on the questions above or anything you think we should know or consider based on similar experiences. +In addition to that, he said "Work is much more fun if you don't have to do it to pay off a loan" + +I know this is /r/economy and all, so you guys and gals know this already, but I thought it was a really good piece of advice. Feel free to pass it on :) +Like when you swipe a debit card then it asks "debit or credit?" + +If I wanted credit I would have swiped my credit card. + +EDIT: wow I did not expect this to be such a debated topic. +To all of you autists and abnormal humans: + +WSB has been liberated. The OG mods are working to get the band back together with those that were run off like Trotsky, and we are trying to bring back fuckboy. You can continue losing your money and publicly humiliating yourselves for the schadenfreude. + +Anybody that was previously banned for speaking out will be reinstated. You should also ask for some flair. + +Long live the rainbow dicks! + +Love, + +The Mods +Just think of what kind of agenda is pushed towards people who haven't invested before. + +Statistics like "80% of traders lose their money". + +Or the media talking about how much money was lost and hardly ever about how much was made. + +You could even say that they were put off when they saw the massive losses made by those on certain subreddits. + +It's not that they don't get it, they're just conditioned to think that they will lose everything and when you're poor, that's a lot of risk to take when every penny matters. + +They never wanted more people to invest. Most people that do lose money are those looking for quick cash that take on huge amounts of risk and cut their losses - then most of the time if they just waited and were patient, they would have turned a profit. + +This is what happens when people don't quite see the bigger picture or don't do their DD. + +Now imagine this on a larger scale and that's why people don't invest. + +They need to see results, but by the time they see results, they missed out on the best opportunity that they had to buy some shares and hold. + +"I'm not investing, the price has been going down for a while. I'll lose everything." + +Fear is used to control and to keep us from taking great opportunities. It's really not that complicated to invest into a company, yet it's presented to be overwhelming with complicated terminology and the charts look incredibly complex. But it's really not, it's actually very simple and straightforward if you take maybe 15 mins a day to watch a video explaining a concept to you. + +Just know that those who say you're crazy when you tell them about GameStop, there's a lot more to how they came to that conclusion other than being bombarded by the media calling us a cult and dumb money. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I suspect the ratio will not begin to recover until hard dates are set for beacon chain deposits and beacon chain phase 0 go live. Something else that could help is a commitment timeframe on additional ETH 1.x issuance reductions. What are everyones thought on this? Who in the ETH community is guiding this? EF? +What else is left of the primitive btc blockchain apart from being a store of value? + +Ethereum has attracted all the serious tech endeavours into blockchain technology from Bitcoin that stalled the entry into smart contracts. + +Monero and zcash have surged as currency transaction chains that have given new features over btc. + +Now btc is nothing more than a store of value. It will most likely exist mainly as a settlement layer and "reserve currency" for all cryptos. + +Thoughts? +Get ready for a new generation of Ethereum killers claiming that they can steal Ethereum's network effect through "superior" technology. We've already see it a bit with Polkadot, but we'll start to see it more from projects like Cosmos, Dfinity, and Tezos. [But as I said in this post a couple of weeks back, they're going to compete with each other more than they do with Ethereum.](https://www.reddit.com/r/ethtrader/comments/aupmxd/why_ethereum_competitors_are_in_a_battle_for/) + +If Ethereum was stagnant, they might be right- Ethereum could be ripe for disruption. But Ethereum can and will copy their best ideas (where there are not technical limitations to prevent it), and will continue to improve the most widely used and developed for smart contract platform in existence. And where competitors see usage that is "not significant to create a durable network effect," I see on-chain tokens and assets for a wide variety of dapps, and people (like me), who don't want those types of assets spread out over 10 or 100 different chains. And I see dapps now interoperating with each other at scale, with some dapp functionality (like Maker) becoming a primitive to build upon for other dapps. + +**If you look through the history of platforms which lost their first mover advantage, it's often because they couldn't adapt to the market fast enough, in the face of competitors who often provided initially lightweight, tailored, and more useful functionality.** Facebook started as an exclusive network for students at elite colleges who wanted their own, semi-private social network. Many of these new Ethereum competitors are taking the exact opposite approach. **These competitors are not providing niche functionality which disrupts Ethereum- they are providing incredibly complex solutions to problems which don't yet exist (like connecting many blockchains together into an interoperable mesh).** Further, there are not any restrictions on Ethereum which would prevent the platform for adopting similar functionality via L2. It won't be long before we see alternatives to Polkadot/Cosmos on Ethereum as L2, and we already see Loom is creating a bridge to Cosmos. + +And then there is a question of governance, with [incredible amounts of theoretical bluster being thrown around for why it's needed.](https://twitter.com/VladZamfir/status/1101637270795362305) These discussions, seemingly lost in borderline philosophical proofs, miss a very obvious point: **if the market demanded it, it would shift to L1 solutions which offer that governance.** They also seem to miss that platforms like Ethereum were designed to escape governance models which could be easily captured, and many (if not nearly all) users of Ethereum have the expectation that state changes are unacceptable, except for situations where there may be an existential threat to the network. + +In the case of Ethereum versus other platforms on with on-chain governance, like EOS, Polkadot, and Cosmos, I think you're seeing / going to see that **the market doesn't value those on-chain governance approaches, and they are actually a detractor for adoption by devs who care about decentralization and censorship-resistant activity- especially when they are combined with flawed token disributions. Many of the most enterprising devs in this space, who are developing actually useful dapps right now, are those who espouse a "cypherpunk" ethos, and most of them develop for Ethereum precisely because it has no formal governance.** They want to build something as close as possible to "unstoppable" applications. They know the responsibility and difficulty that comes with L1 development on Ethereum (i.e., no reversibility)- yet, they do it anyway. And more than any of the competition can reasonably claim (except for Bitcoin), this is an area of competitive and comparative advantage for Ethereum. And yes, that may mean in the future that some apps are not suitable for L1, and will instead rely upon governed or reversible L2s. That's fine, because they will be forced to provide the ability for users to still exit to and interoperate with L1. + +I want the highest security possible for my on-chain assets, and I want the confidence that they cannot be seized or adulterated through poorly crafted governance mechanisms. If I want poorly crafted governance systems, I have countless "real world" financial institutions and apps I could use, powered by blistering fast SQL databases. **Until someone else figures out "fair" on-chain governance first (either a competing L1, or an L2 on Ethereum), I won't be advocating for Ethereum to take on the bold experiments in this space.** I don't dismiss the possibility of governance being useful one day, but right now, I believe the value that Ethereum provides to the world as a mostly ungoverned (read mostly un-capturable) blockchain is worth that tradeoff. + +Some will tell you this is antithetical to the governance norms of humanity as shown over thousands of years of history, but I ask you this: **when has it ever been possible before now to have the current form of informal governance, with code-driven operation which Ethereum has?** We have thousands of years of examples of governance that "sort of works," before it inevitably and often catastrophically fails (and yes, they almost always eventually fail, with empires falling and nation-states failing). + +What if informal blockchain governance could be an antidote to the issues which come with that traditional governance, like avoiding capture? Yes, it introduces its own issues, but they very well be worth the tradeoff- especially when you consider the existence of opt-in L2s which allow for different forms of governance. If you want an experiment in governance, it's happening right now, on platforms like Ethereum and Bitcoin. If you don't like the terms of that experiment, I get it. Go use one of the governed chains, or just use AWS- it'll be a lot faster. +Ethereum create block rewards worth $999/min and Bitcoin create rewards worth $1383/min. This can in the long term be converted to "amount of security", since you can assume that more miners will join until it's not profitable any more. + +So Ethereum have 72% of Bitcoins security (or more thanks to putting more value in the de-centralization). That is not nothing :-) +Good Morning everyone! + +I have exactly 34 days until I finish up my contract and I am free! I am moving to Denver, CO for college in the spring but I am a tad worried about housing in the area cause I have no rental history or credit since I purchased my car in cash. + +I'm curious about how hard it will be for me to talk to landlords about a place to rack out. I understand that a lot of transplants go there at a young age and aren't as serious about life at that stage. + +I'm leaving my home state for CO in late September. I also dont know when I should begin talking to landlords. I have heard 30 days out and I've heard 30+ days out. I would stay home for a few months to save cash until then but my house is packed with my two little brothers and my parents. I'll go insane staying there after being independent for the past 4 years. + +Can someone help a brother out? + +Edit: I want to say Thank You to everyone for the bad ass advice and guidance! Im writing all of this down in a notebook to make sure I have everything looked at and covered. Also, Thank You for the gold kind stranger! + +Edit#2: I tried to reply to all the comments! Its a fuck ton, and I dont like being a dick to people who are genuinely trying to help me, If i didn't reply im sorry! All of yall are great! +These posts have garnered a ton of attention. I'm over the moon, pun intended, with all the kinds words and constructive criticism these posts received. Thanks for the support, dialogue, and continuous urge to learn and grow. + +You can find my prior posts here: + +JP Morgan - [(70) JP Morgan &amp;amp;amp;amp;amp;amp;amp;amp; Why todays earnings release was good for GME : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ojrn47/jp_morgan_why_todays_earnings_release_was_good/) + +Goldman Sachs - [(70) Goldman Sachs &amp;amp;amp;amp;amp;amp;amp;amp; Why todays earning release was good for GME : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ojuvh1/goldman_sachs_why_todays_earning_release_was_good/) + +I've gotten requests and been pinged to dissect earnings for multiple banks but with a lack of time I'll probably only get 1 or 2 done tonight. That said, I know a lot of folks are pumped so lets get started with the most requested bank. + +***By popular demand, a running count of a net revenue declines for 3 banks so far: \~$3.81 Billion (JP, GS, BoA)*** + +Next up on our road show for applying cheat codes is **Bank Of America (BoA).** + +This is my run-down on the portion of *Investment Banking* and *Global Markets* portion of BoA's earnings report. I've seen some people get this confused with the banks overall performance. This is not indicative of other earnings in the earnings report and just an overview of the net revenue for the *Investment Banking* and *Global Markets* portion of the banks earnings. I hope this clears the air for some that may have been confused by my last posts. + +**TL;DR: The story hasn't changed much among the banks. Bad performance among FICC/bonds, more deposits (but they excluded DVA foR some reason. I'll define DVA before we start), more investor leverage/margin in derivatives, and now I’m realizing that they’ve released provisions/allowances to boost revenue. BoA "outperformed" our friends by only posting a slump in net revenue of 4% or \~$860 Million. Below I'll dive deeper into specifics showing how much smarter BoA is than others in fudging numbers.** **In other words, the house of cards is crumbling and we've been watching it this entire time and we called it. Thanks to this amazing GAMING community I've realized we missed a cheat-code. Enter cheat-code(s): SHOW ME THE MONEY + BLACK SHEEP WALL** + +I found the DVA mashed in fine print between the 18 pages and took into account the DVA for the earnings. Seems like they tried to hide it from people who dont like to read these reports. Hmm.. Fuckery is afoot. Anyways, you should understand CVA and DVA to realize the impact it can have in the numbers. Definitions are as follows: + +***Credit Value Adjustment (CVA)*** is the amount subtracted from the mark-to-market (MTM) value of derivative positions to account for the expected loss due to counterparty defaults. CVA is easy to understand in the context of a loan – it is the loan principal, minus anticipated recovery, multiplied by the counterparty’s default probability over the term of the loan. **For derivatives, the loan amount is the net MTM value of derivative positions with that counterparty.** + +***Debt Value Adjustment (DVA)*** is simply CVA from the counterparty’s perspective. If one party incurs a CVA loss, the other party records a corresponding DVA gain. **DVA is the amount added back to the MTM value to account for the expected gain from an institution’s own default.** Including DVA (in addition to CVA) is intuitively pleasing because both parties report the same credit-adjusted MTM value. DVA is also controversial because institutions record gains when their credit quality deteriorates, creating perverse incentives, and these gains can only be realized on default. + +Now, the meat and potatoes: + +Bank Of America posted a net revenue slump of $860 Million (-4%) to $21.5 Billion. They attribute their decline to a decline in Net Interest Income and Noninterest income. Net Interest income was down 6% to $10.2 Billion and driven by lower interest rates. Noninterest income was down 2% to $11.2 Billion and driven by lower sales and trading revenue but partially offset by higher Consumer and Wealth Management revenues. So lets dive a bit deeper, shall we? + +***Investment Banking:*** + +* Actually performed well at a record revenue of $5.1 Billion for BoA which is up by 14% driven by $656 Million gains in asset management fees. This and lower credit costs caused a Net Income Increase of 59% or $368 Million to $991 Million. + +**Total client balances were up $725 Billion or 25% to a RECORD OF $3.7 TRILLION** driven by higher market valuations and positive client flows. + +* *Average deposits increased $46 Billion or 16% to $333 Billion.* ***Average loans and leases grew $12 Billion or 6% to $194 Billion and was driven by securities-based lending and custom lending***\*.\* THIS IS A PRETTY BIG EFFING DEAL. Correct me if I'm wrong, but BoA clients are using their securities to acquire loans. Once the market crashes this is going to make the value of those securities drop and could cause mayhem among loans like these. +* *BoA also had $11.7 Billion in assets under management (AUM) in Q2 which is a* ***DECLINE OF $6.5 BILLION FROM Q1 2021.*** *Not sure how normal this is but it doesn't seem like a normal decline for 1 quarter. It looks like most of this decline comes from BoA and not Merrill Lynch.* + +**Merrill Lynch (owned by BoA) saw record numbers of growth in many aspects of the company:** + +* 25% growth in client balances which totals to $3.1 Trillion. +* 29% growth in assets under management (AUM) to a total of $1.2 Trillion +* Addition of \~6000 net new households in Q2 +* 7% growth in mobile app usage to 39% +* 6% growth in automated check deposits through automated channels grew to 51% of all eligible checks deposited. + +You thought this was fun? **THIS IS WHERE IT GETS JUICY BABY** + +***GLOBAL MARKETS:*** + +* **NET REVENUE DECLINED \~$1.5 BILLION TO \~$4.7 BILLION FROM \~$6.2 BILLION** and was driven by lower sales and trading results from the same period a year ago. *(Excluding Net DVA would make this seem better by only $34 Million).* +* **"Net income decreased $987 million to $908 million" MORE THAN A 50% DECLINE! HOLY SMOKES BATMAN!** *(Excluding Net DVA would make this seem better by only $26 Million).* +* Noninterest expense increased by $787 Million or 29% to $3.5 Billion and was driven by higher costs associated with processing state unemployment benefit claims and activity-related expenses in sales and trading. +* The average Value At Risk saw a climb from $74 Million (Q1-2021) to $77 Million (Q2-2021). ***VaR measures and quantifies the level of financial risk within a firm, portfolio or position over a specific time frame (3 years for BoA). The fact that this is trend is increasing again can’t be good for BoA. Queue red flags.*** In the last year this was at its highest during COVID at $81 Million. + +Sales and trading revenue was $3.6 Billion and is a **DECLINE OF $1.5 BILLION COMPARED TO Q1!** \*(Excluding Net DVA made no difference here).\*This falls into 2 buckets: + +1. FICC/Bond Revenue of $1.9 Billion. **FICC revenue declined 38%** "as the prior year benefited from a robust trading environment for macro products and strengthening markets for credit products after their pandemic related sell-off, whereas markets in Q2-21 were more benign and weak for agency mortgages". In other words, they didn’t see this coming and didn’t adjust for it in time. +2. Equities Revenue of $1.6 Billion. This is a growth of 33% due to stronger trading performance and increased client activity in derivatives and Asia. Basically, they recouped some of their losses on some trades plus fees collected from option trading and the Asian market. + +*While DVA made a difference of a cool $60 Million to their bottom line and wasnt significant for BoA I still find it interesting.* + +Since I did it for Goldman Sachs one last thing I'd like to point out for Bank Of America is their Allowance for Credit losses. This is the amount of money they have in reserves to cover losses from credit risk. + +* Allowance for loan and lease losses decreased $2.1 billion +* Nonperforming loans decreased $255 million +* Commercial reservable criticized utilized exposure decreased $5.4 billion + +Credit Provisions also were reduced and reserves were released as follows: + +* Consumer reserve release of $1.2 billion +* Commercial reserve release of $1.0 billion + +**Edit: These provisions and allowance releases are really a big reason why way BoA was able to turn a net gain. Wild.** + +Edit2: added provisions and allowances to TL;DR as additional trend I’ve seen that’s used to bolster revenue. + +Some other apes were going to help proof-read this but weren't available when I pinged them or haven't responded, so if you find errors or faults in this DD please comment or DM me. Since its already late I'll be completing Black Rock, PNC, Citi Group and Wells Fargo later this week so stay tuned! + +Obligatory F in the comments for Bank Of America. + +*This is not financial advice and is just my opinion on what the earnings report means for Goldman Sachs. I'm just a retard who likes to gamble and loves GameStop stock.* + +Edit2: Link to source - https://d1io3yog0oux5.cloudfront.net/_8fc943df917617853f92b0e588506321/bankofamerica/db/806/9466/earnings_release/The+Press+Release.pdf +Hi guys, I will be graduating soon and I have a job lined up that will pay me $190k pre-tax which I’m assuming will get me a good starting fund. + +My parents are telling me to invest in real estate if I have the money and they have a property manager who takes 1 month of rent for each managed property and it’s been going pretty well for them based on what I was told. + +Is this worth my investment or should I focus on some other types of investment as a new graduate. +Finally got my Fidelity account set up and EFT ready! Started off with $2k and put $400 each into AAPL, ABBV, JPM, KO and O. I'd like to begin putting at least $500/month ($100/each) into this portfolio and also further diversify it, eventually working up to $1k/month and so forth. Currently at a 3.11% yield sporting $62/year in returns. Nothing crazy but a start nonetheless! + +Just looking for general feedback/advice at this point. I know AAPL isn't a great dividend stock at the moment; I was looking at it more of a growth stock for the time being. Definitely open to suggestions and looking forward to supplementing my income with dividends one day! +AT&T gets a lot of well deserved criticism for the high debt and poor acquisitions like DirectTV. The dividend, however, is a bright spot currently at 7%. + +My question is, is AT&T a great long term dividend investment play given its a Dividend Aristocrat and the fact that the stock never goes up much so by reinvesting the dividends your able to keep buying year after year at around the same share price? +Finally got my Fidelity account set up and EFT ready! Started off with $2k and put $400 each into AAPL, ABBV, JPM, KO and O. I'd like to begin putting at least $500/month ($100/each) into this portfolio and also further diversify it, eventually working up to $1k/month and so forth. Currently at a 3.11% yield sporting $62/year in returns. Nothing crazy but a start nonetheless! + +Just looking for general feedback/advice at this point. I know AAPL isn't a great dividend stock at the moment; I was looking at it more of a growth stock for the time being. Definitely open to suggestions and looking forward to supplementing my income with dividends one day! +Me and my fiance have a lot of debt we have accumulated over the last 4 years. Most of that time either i or her have been out of work. We both have ccjs and debt collectors after us. Currently i am working but shes not. Shes applying for jobs everyday but is either ignored or turned down. We can just about afford our bills and food shopping (was left with £30 this week) but cant pay any of our debts they just keep addind extra money on, what can we do, im sick of doing 40+ hour weeks with nothing to show for it. + +Takedown of AlphaBay and Hansa will lead to hundreds of new investigations in Europe Months of preparation and coordination have resulted today, 20 July 2017, in the takedown of two of the largest criminal Dark Web markets, AlphaBay and Hansa. Two major law enforcement operations, led by the Federal Bureau of Investigation (FBI), the US Drug Enforcement Agency (DEA) and the Dutch National Police, with the support of Europol, have shut down the infrastructure of an underground criminal economy responsible for the trading of over 350 000 illicit commodities including drugs, firearms and cybercrime malware. The coordinated law enforcement action in Europe and the US ranks as one of the most sophisticated takedown operations ever seen in the fight against criminal activities online. + +"This is an outstanding success by authorities in Europe and the US," Rob Wainwright, the Executive Director of Europol, said today, while appearing alongside the US Attorney General, Acting FBI Director and Deputy Director of the US Drug Enforcement Administration (DEA), at a special press conference in Washington DC. "The capability of drug traffickers and other serious criminals around the world has taken a serious hit today after a highly sophisticated joint action in multiple countries. By acting together on a global basis the law enforcement community has sent a clear message that we have the means to identify criminality and strike back, even in areas of the Dark Web. There are more of these operations to come," he added. + +Dimitris Avramopoulos, European Commissioner for Migration, Home Affairs and Citizenship, said: "The Dark Web is growing into a haven of rampant criminality. This is a threat to our societies and our economies that we can only face together, on a global scale. The take-down of the two largest criminal Dark Web markets in the world by European and American law enforcement authorities shows the important and necessary result of international cooperation to fight this criminality. I congratulate the American and Dutch authorities for their successful work, as well as Europol for centrally supporting this endeavour. Our fight against criminal activities online and offline will continue and intensify." + +Julian King, EU Commissioner for the Security Union, said: "This latest success demonstrates not just the growing threat posed by increasingly sophisticated criminal enterprises exploiting the largely unregulated space occupied by the internet but also the vital role of international cooperation among law enforcers, the private sector, national authorities and international organisations in making all of us safer from global, borderless menaces." + +Popular Dark Web marketplaces AlphaBay was the largest criminal marketplace on the Dark Web, utilising a hidden service on the Tor network to effectively mask user identities and server locations. Prior to its takedown, AlphaBay reached over 200 000 users and 40 000 vendors. There were over 250 000 listings for illegal drugs and toxic chemicals on AlphaBay, and over 100 000 listings for stolen and fraudulent identification documents and access devices, counterfeit goods, malware and other computer hacking tools, firearms, and fraudulent services. A conservative estimation of USD 1 billion was transacted in the market since its creation in 2014. Transactions were paid in Bitcoin and other cryptocurrencies. Hansa was the third largest criminal marketplace on the Dark Web, trading similarly high volumes in illicit drugs and other commodities. The two markets were created to facilitate the expansion of a major underground criminal economy, which affected the lives of thousands of people around the world and was expressly designed to frustrate the ability of law enforcement to bring offenders to justice. + +The investigations Europol has been supporting the investigation of criminal marketplaces on the Dark Web for a number of years. With the help of Bitdefender, an internet security company advising Europol's European Cybercrime Centre (EC3), Europol provided Dutch authorities with an investigation lead into Hansa in 2016. Subsequent enquiries located the Hansa market infrastructure in the Netherlands, with follow-up investigations by the Dutch police leading to the arrest of its two administrators in Germany and the seizure of servers in the Netherlands, Germany and Lithuania. Europol and partner agencies in those countries supported the Dutch National Police to take over the Hansa marketplace on 20 June 2017 under Dutch judicial authorisation, facilitating the covert monitoring of criminal activities on the platform until it was shut down today, 20 July 2017. In the past few weeks, the Dutch Police collected valuable information on high value targets and delivery addresses for a large number of orders. Some 10 000 foreign addresses of Hansa market buyers were passed on to Europol. +In the meantime, an FBI and DEA-led operation, called Bayonet, was able to identify the creator and administrator of AlphaBay, a Canadian citizen living a luxurious life in Thailand. On 5 July 2017, the main suspect was arrested in Thailand and the site taken down. Millions of dollars worth of cryptocurrencies were frozen and seized. Servers were also seized in Canada and the Netherlands. + +Law enforcement strategy In shutting down two of the three largest criminal marketplaces on the Dark Web, a major element of the infrastructure of the underground criminal economy has been taken offline. It has severely disrupted criminal enterprises around the world, has led to the arrest of key figures involved in online criminal activity, and yielded huge amounts of intelligence that will lead to further investigations. But what made this operation really special was the strategy developed by the FBI, DEA, the Dutch Police and Europol to magnify the disruptive impact of the joint action to take out AlphaBay and Hansa. This involved taking covert control of Hansa under Dutch judicial authority a month ago, which allowed Dutch police to monitor the activity of users without their knowledge, and then shutting down AlphaBay during the same period. It meant the Dutch police could identify and disrupt the regular criminal activity on Hansa but then also sweep up all those new users displaced from AlphaBay who were looking for a new trading platform. In fact they flocked to Hansa in their droves, with an eight-fold increase in the number of new members of Hansa recorded immediately following the shutdown of AlphaBay. As a law enforcement strategy, leveraging the combined operational and technical strengths of multiple agencies in the US and Europe, it has been an extraordinary success and a stark illustration of the collective power the global law enforcement community can bring to disrupt major criminal activity. + +Europol as a central hub Europol has played a coordinating and de-conflicting role in both investigations. From the outset, Europol’s European Cybercrime Centre (EC3) provided technical and forensic support to the Hansa marketplace investigation. In addition Europol’s technical expertise was made available to the Dutch investigators in clouding on-the-spot deployment, as they gained control of Hansa. Subsequently to this, intelligence packages were prepared and sent out to law enforcement partners across 37 countries, spawning many follow-up investigations across Europe and beyond. Some of the intelligence extracted contains relevant information regarding the destination of drugs and is meant to inform the relevant countries about planned shipments of drugs. Overall more than 38 000 transactions have been identified and Europol sent more than 600 communications. To ensure smooth coordination between the two investigations into AlphaBay and Hansa, Europol hosted a coordination meeting with leading law enforcement partners. Overall, 12 different agencies sat down together and collectively mapped out and agreed the overall strategy for the two operations. +In early July, Europol hosted a command post staffed with representatives from the US FBI, DEA and Department of Justice, working alongside specialist staff from EC3. This command post was the central hub for information exchange during the AlphaBay operation. Europol’s secure communication channels were used to exchange information between and receive data contributions from partners. Europol continues to support the FBI, DEA, the Dutch National Police and other partners on the forensic work that needs to be performed on huge amounts of seized material. + + +https://i.gyazo.com/9a8d22b70ec37917b003bf20586cff67.png +I know a lot of people are kicking themselves for not selling during the last bull run. Just curious what people are planning if the next one comes? + +Mostly curious about how much of your stack you plan on selling and at what price points. I feel like a common strategy would be to sell at the ATH, but if it's a common strategy, I can't see that strategy going well +1. Fast confirmations - check +2. Low fees - check +3. Plenty of room in blocks - check +4. Multiple scaling solutions being implemented - check +5. Pragmatic decision making - check +6. Accelerating developer participation - check +7. Support from the, uh, banking industry - check! + +I’m interested in hearing about the ways you all earn money as well as working full time. I’m not asking how to do it only what you personally are doing and how good/ bad it’s going so far +Hello Apes! + +As stated, this message briefly appears when I first load or click refresh, then disappears. I have tried copying the link but it only brings me back to my main login page. + +To be clear, my portfolio is 100% GME so this could only be for one stock! I checked my portfolio last night before bed like a good ape and this notice was not present! + +STRAP IN APES ITS TIIIIIIIIIIIIME! I cannot put to words how massively jacked my tits are at this moment! + +Edit 1: I huffed a crayon and forgot to add the sauce (proof): + +https://imgur.com/gallery/wCwXkJM + + +#OPEN THE CASINO! + + + + + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌕 +I'll go first. My teeth are a mess cosmetically and the cosmetic dentistry I need to fix them is upward of $9k. I have dental insurance but this is not covered. I have a composite bridge from 12 years ago that cracked and broke as my teeth shifted, so I keep it glued together with super glue. Every now and then it breaks and I glue it again. I have a lot of anxiety over it and have to eat very carefully. +Recently, it’s come to my attention that my sisters have been discussing that I never go out and how every time they asked me I would always so no. Also that all I wanted to do was stay home. I’ve gotten this from a couple people in the past year but have never felt bad until now. + +For the past two years I had been living in a suburb with no public transportation, no car, and limited funds due to the job I was working. + +I’m in a state where I don’t have health insurance. I paid for therapy and any other doctors visits out of pocket. My sisters are a nurse and a truck driver. They’re already established in their careers. I’m 24 and recently graduated college. When they brought this up to me that I’m always saying no I immediately felt bad because I always want to go out and do things. If the funds aren’t there how could that be possible? + +So I sat them down, showed them my paycheck of $500-$600 every two weeks. Which would be about $1,300 a month give or take a few hundreds. I Showed them all of my expenses including my $600 portion of rent every month not including utilities and food. I was coming out with maybe $50 to last two weeks until the next paycheck. + +So I asked them to show me how or what I could do for $50 without being flat broke at the end? No amount of budgeting would have helped me and I didn’t know how to make them see that. + +They mentioned it as if I don’t know my twenties are being spent working. +Sorry for the click-baity title, but it's all true. I'm sure others have written about this, but I thought I'd bring it up again, as the MOASS grows closer. No one wants to lose 40% of their tendies, and this is an above board way of ensuring you not only pay ZERO capital gains tax, but you also set up an annuity from within the trust that pays you a minimum of 5% and a maximum of 50% of the value of the assets each year. And to top it all off, you get to deduct like 30-40% of your initial contribution over 5 years, I believe. + +First, I am NOT a lawyer or accountant and this isn't legal or financial advise, but I read some things and watched some videos, so I'm pretty much there. But I'm not, so this isn't. + +Okay, so here's the skinny. Charitable Remainder Trust. Pretty sure there's some DD somewhere that talks about billionaires and their "Get rich and die" strategy. I don't recall the particulars, but there is definitely a strategy to it, and it's not even a secret! + +Here's a link to Fidelity's CRT, and there's a pretty good explanation of how it works. + +[https://www.fidelitycharitable.org/guidance/philanthropy/charitable-remainder-trusts.html](https://www.fidelitycharitable.org/guidance/philanthropy/charitable-remainder-trusts.html) + +But for a smooth brain like me, watching videos is more funner. Here's a good one. There are many videos out there, but Max does a great job of simplifying things, while others talk in circles. + +[https://youtu.be/PUAaAjHugiI](https://youtu.be/PUAaAjHugiI) + +I hope this is helpful information, and I will be consulting with my attorney on getting these set up. If you like your money, you may want to consider doing the same. It's a pretty common thing to set up and can make a HUGE difference in keeping your wealth once the rockets ignite. + +That's all. Be awesome! + +Edit 1: geezuz. I’m not suggesting you become a robber Barron. It’s called preventing Uncle Sam from stealing 40% of your gains on top of your income tax. I should have clarified, I’m not trying to emulate evil billionaires. I just prefer keeping more of my money and being in control of when/where/if it gets donated and deployed. + +Edit 2: As I stated, I'm not an attorney or a financial advisor. This post is not meant to be a "How-to" article. It's a starting point to have a conversation with professional to see if this is an option for you and your situation. BUT to keep everyone's panties from getting in a wad, I'll repost one of the comments from a self-proclaimed tax and estate paralegal. I will add, however, that ALL the points u/WSBetty mentions, except for the tax return costs, are mentioned in the video link. Do your own research retards. + +"You are misinformed. You would not get 5% to 50% of the value of the assets each year from any type of split interest trust. You can get income only from a split interest charitable trust.when you set up a charitable trust, you are giving away all right to the assets transferred to the trust and only retain an interest in the income which is taxable income to you. Any assets placed in such a trust can never be undone and therefore you will not be able to pass those assets on to your heirs. The two part tax return will cost you roughly $1500 annually to prepare and it’s not a return most people can do on their own. If you do not have such a trust drafted by an attorney who specializes in this type of tax law, capital gains could be considered income to you and then not only will you pay the tax, it you won’t own the underlying asset anymore. This is a vehicle for people in certain financial positions and it is not for most people. Mods, this post is not educational. Sorry but as a tax and estate paralegal, this is misinformation at best." + +Edit 3: As a business owner, I understand what deploying capital does for the lives of our employees, not just me. It allows for growth and more employment opportunities. And after this wealth creation event takes place, I want to be in control of as much capital as possible so that I choose where it gets deployed. Honestly, it probably won’t be to charities. Most are like politicians, and I don’t trust them. I will invest in low income housing, education efforts in my community, real estate developments, and most importantly into other small businesses who need capital. That doesn’t make me a bad person, and I will sleep soundly doing it. Glad to meet other apes who get that and feel the same. + +And for all the rest of you commie bastards saying, “just pay your fucking taxes!” To you, I say SUCK IT!! 20 some odd percent of my money is ENOUGH!! If the world can’t make it on that, then that’s a “you” problem, not a “me” problem. +Mainly on usd/cad. + +I’m pretty frustrated. I was using technical analysis to determine my position and got burned 3 times. + +I stopped trading at 3 pm and told myself I needed to regroup and see where I was going wrong. + +1) I reviewed different forms of analysis +2) looked at different indicators and why I made the trades I made + - I think after my first failed position I went in too quickly after seeing a bounce. I judge it as used repositioning itself but it was just support and resistance, the trend was downward. I was also entering into trends too late. + +I may not trade tomorrow I need to re-evaluate how I’m making my calls and see if I’m correct or not. + +How do you guys get over a loss? I know they are bound to happen but it’s pretty heartbreaking 💔. +Mainly on usd/cad. + +I’m pretty frustrated. I was using technical analysis to determine my position and got burned 3 times. + +I stopped trading at 3 pm and told myself I needed to regroup and see where I was going wrong. + +1) I reviewed different forms of analysis +2) looked at different indicators and why I made the trades I made + - I think after my first failed position I went in too quickly after seeing a bounce. I judge it as used repositioning itself but it was just support and resistance, the trend was downward. I was also entering into trends too late. + +I may not trade tomorrow I need to re-evaluate how I’m making my calls and see if I’m correct or not. + +How do you guys get over a loss? I know they are bound to happen but it’s pretty heartbreaking 💔. +I've been hanging around this subreddit for almost a year now, and there has probably not been more than a couple of days that I haven't visited here. It has become a habit, and for the most part, a pleasurable habit. + +However, over the last weeks, the slinging of shit and swinging of dicks has become almost unbearable. Someone posts a chart, does not explain their thoughts around the chart, and a bunch of people start slinging shit about the guy who posted the chart. Someone tries to address the issue of lack of explanation, and someone else throws shit at that guy again. + +I'm no saint myself, and I am not going to take a holier than thou approach to this, but I feel obliged to address the issue, because what used to be a pleasurable habit has become one that irks me in the wrong way. I see what used to be a constructive community of traders trying to help each other stand up when they stumble, and help each other on their journey, to a bunch of people trying to trip each other, and mock each other at every turn. + +Someone asked a question that was obvious to you? It does not mean they're stupid, or terrible traders. You were once at that point, and at that point, I am sure you would appreciate that someone helped you overcome that obstacle. You made a fortune during the greek crisis? Don't rub it in anyone's face, and if you have to boast, some humility goes a long way. + +I don't want to sit here and watch this become another forexfactory, elitetrader or myfxbook forum. I have seen so many dedicated, promising traders enter here, at every different skill-level. Not all of them will turn profitable, some people are just not the right type, or not dedicated enough, but let's not drive away those who have the potential and will succeed, by making them feel like they're worthless. + +In the same vein, let's be informative. That means, when contributing, do your best to contribute in a constructive and informed manner. You post a trade, give the reasoning, entry, and stop-loss. Again, a little humility goes a long way. I've posted losing trades live here, and I've posted winning trades. There's no need to get defensive about your position, nor should you congratulate yourself too much either. It's ONE trade of thousands, it does not define you as a trader if you win, nor will it define you if you lose. If you criticize someone's posted trade, do it in the same manner that you expect a trader to post his initial trade analysis. + +This is all to say that we will all benefit as a community if people are able to be constructive and mature towards each other, newbies and veterans alike. + + +Living in Texas and suffering through another horrifically hot summer has me thinking a lot about chasing cooler weather and getting into a mountain house. For those who have made the jump or just visited them, what are your favorite mountain locations for the Summer? + +Few things on our checklist: + +* Ski resort area which has plenty of restaurants / shops / things to do +* Still a good scene in the summertime (not just the ski season) +* Proximity to North Texas (primarily looking at New Mexico and Colorado) +* Would prefer it be ski in ski out, but would also consider other options if it has several walkable activities and a reasonably short drive to a ski resort + +We'd likely be renting it out when we are not there, so ideally it's a good rental too. Have about 500k in cash we can put down and open to various loan amounts depending on the home and it’s ability to be roughly cost neutral after covering the mortgage and misc expenses. + +Trying to heed the warnings of many in this sub and not wait till I’ve hit my fatFIRE number before indulging in some nicer comforts.... like non 105 degree temps... +I am struggling to find lenders that can carry a high balance mortgage. + +I am looking for a non-conforming/jumbo lender that finances high balance loans - purchasing a home for about $5M in California. I spoke to the major main stream banks like Bank of America, Wells Fargo etc, the maximum they lend is up to $2.5M for jumbo loans. + +Figured this community may know lenders that can finance $4M+ primary loan (with a $1M down payment). We are well qualified (high income & savings, high credit scores), who do you suggest I talk to? +**EDIT:** Meant to say "consider accepting Yuan for oil." + +Well, here you have it. Just a few days after Jerome and Janete made their rounds in front of congress and the media assuring the US Dollar would retain it's reserve status, we already have news of countries considering leaving it. + +Like clockwork, the opposite of what they say seems to happen a short while after. + +Whether it's about transitory inflation, our dollar's reserve status, or the risk of a recession, it seems they've been off the mark for a while. + +https://www.forexlive.com/news/saudi-arabia-considers-accepting-yuan-for-oil-sales-opec-leaves-demand-forecast-unchanged-20220315/ +I do believe their cards information gets leaked very frequently, from what I read and experienced. +I got a $200 card a while ago as a gift which I was planning to use for Christmas gifts... got it, put it in my drawer and I live totally alone, no one saw the card, never used it online. +then I decided to use the gift card and found out my balance is 0$,,, logged into their website and found out someone used it for ApplePay +been trying to reach Customer service for 2 days but they do not pick up. +just a joke of a company do not waste your money and time with them +Our Vitalik who art in Singapore, +Encrypted be thy address. +Thy blockchain come. +Thy transaction be done +on earth as it is in Ethereum. +Give us this day our daily shitcoin, +and forgive us our double spending, +as we forgive those who shill against us, +and lead us not into Futures trading, +but deliver us from fiat. Amen. +I watch George Gammon, and others who explain finance, macro, the CPI and the economy. + +I just saw this in a Capitalist Exploits' email [https://imgur.com/a/v3e0W6C](https://imgur.com/a/v3e0W6C). + +I see that many things cost more, and have heard shady things about the Fed. + +I don't get what causes inflation. What's the mechanism? Does someone or some groups set prices of goods and services? Who/what makes corn or flour or soy or whatever cost more? +First time car buyer here. I am a 20 year old female with decent credit but am not getting approved for any low interest rates because of my age. I need a car ASAP but I’m really frustrated because I don’t think I fully understand the car buying process and I don’t have anyone in my life who can help me with that. + +I’m looking at a 2017 Chevrolet Cruze with 67,000 miles on it. I can put 1000 down and pay 297$ monthly for a 5 year loan with a 13% APR. I have been approved for this through capital one. I haven’t tried financing through the dealer yet, would that change anything? + +I know that a 13% APR is pretty high but that’s the lowest I have been approved for so far.. I have decent credit but the issue is that I am 20 and haven’t had credit for very long. I have been approved with no co signer and I know that a co-signer would help the rate, but I don’t have anyone that can co-sign for me. + +I guess what I’m asking is that if I buy this car, or something similar, is it going to bury me?? With 67,000 miles on it is it worth paying that much for 5 years? What would insurance costs probably look like? I currently make about $1600-$1800 dollars a month and pay $645 in rent. + +I am test driving the car Monday. Also I am a 20 year old female who doesn’t really know anything about cars. I don’t really have anyone that will go with me. What kind of things should I be looking for when driving the car? What should I ask the dealer? How do I negotiate on price and not let them screw me over because I’m a young female on my own? + +I’m open to other cars but I need something ASAP and I haven’t been approved for anything less than $200 a month. +Background: Single, no kids. 27 years old. $120k gross annual income. Net: $6k/month. First time home buyer in the US - Medium/Average COL area. Looking to have long term and not as an investment. Only debt's are $20k in student loans and $3k in CC (0% interest until November). I have $20k+ in non-liquid assets. After close I'll have 10k in cash. Family is willing to assist with emergencies. + +Home Price: $370k | Down Payment: 3% | Term: 30 Years | Rate: 4% + +**Monthly Payment Breakdown:** + +Mortgage Payment (Principle & Interest): $1,713.44 Property Tax: $110.42 Home Insurance: $60.42 PMI: $118.00 HOA: $160.42 + +**Total Out-of-Pocket/Month: $2,162.69** + +Water and sewage is included in the HOA. Missing electric/gas/internet. + +Edit: **Adding my expenses from January** + +Take home every month is 6k (really $6,200+) + +$900 general expenses (food/entertainment/etc) + +$1000 ROTH IRA/Individual Brokerage/Crypto (auto/recurring monthly) + +$1100 Housing (rent is $1800, this is my share) + +$3000 in cash savings + +Edit 2: Should add that plan is for SO to move-in in a few months who will also be contributing to monthly cost. + +edit 3: format for easier reading +I am a software developer not yet near FIRE, but I am approaching some semblance of FU money, with a bloated savings account and a decent chunk of change invested in various tax advantaged accounts. This month, I earned a good review at work, and decided I could start to coast a bit more and try to focus more on my mental health. However, my boss had a different plan. Suddenly, I have more pressure than ever to deliver multiple projects yesterday, and am at a loss for how to respond. + +How do you use your FU money in practice? In my experience, at least 50% of bosses want to push their employees to give their jobs 110%. I always imagined when I got to this point that I would be able to coast with a more comfortable 80%-90% effort, but it seems most bosses put pressure on their employees to be as productive as humanely possible by any means necessary. The pressure has really started to affect me and I have considered quitting, but since quitting would delay my FIRE date, I would prefer to keep my job with a slightly reduced workload. I also have some fairly specialized skills on our team, which has resulted in me being the only person on our team able to deliver certain projects. I thought this would be good leverage too, but I'm not sure my non-technical boss will truly appreciate this fact until I'm gone. + +How do you utilize your FU money to make yourself more comfortable at work, without setting yourself up to get additional pressure from your boss or labeled as an underachiever/candidate for the chopping block? +I get it. His diamond balls are impressive. When they slap you in the face they leave craters that look like bad acne scarring. When he fucks your wife before you do then it feels like you're thrusting air. But if we put him too far on a pedestal then it's gonna do a few things: + +1) He'll have to be careful about everything he posts due to heightened reactions + +2) It will make the sub look like a collective mind, which we're not + +We do not have a leader, we do not follow a single person. We're just a collective of retards. That being said, DFV you still have an open invitation to bang my wife anytime, but I get to watch from a distance. +Checking my portfolio today and realized I may be overextended a bit, with over 2 dozen different ones. A lot of them were just "tries" that I put some cash in to see if they would take off, and a few of them have, Ark and NAV coin recently come to mind. Then there are those that have been just kind of wallowing along with a slight raise or so and not much else, maybe 5-25% rise, nothing to sneeze at but not big winners either which is most of my portfolio. Lastly, I still have some of the real underperformers, ones that actually lost value from when I bought it, like Siacoin, which is down almost 75% since I bought it 3 months ago. + +I am loath to get rid of any as it's always on the back of my mind "What if this coukd be the next big one?". Now though I'm starting to realize most of these altcoins, while they can rise in values relative to themselves, many won't last as long as Bitcoin has and perhaps it's better to concentrate in a few for long term value hold. But I see some of the great short terms gains that can be had when an undervalued coin is discovered and know there is always the possibility that something could stick so I want to keep them. What do you think? +Well, February 22nd makes it one whole year. I think that's deserving of a top level post, right? + +Here are screenshots of the Mint Trends, which has every single expense from the past year categorized. I've added comments on each page. + +[**Expenses Overview**](https://i.imgur.com/qk7ZwDM.png) + +[Auto Expenses](https://i.imgur.com/MMjwVUE.png) + +[Food Expenses](https://i.imgur.com/wk7TgOm.png) + +[Home Expenses](https://i.imgur.com/MLAOnxS.png) + +[Utility Expenses](https://i.imgur.com/qslLk4f.png) + +[Tax Expenses](https://i.imgur.com/AdkWVZk.png) + +[Healthcare Expenses](https://i.imgur.com/upxiRUs.png) + +[Entertainment Expenses](https://i.imgur.com/bKd5Ycb.png) + +Main takeaways, my total expenses for the year was $37,700, but I'm going to dismiss about $15,000 of that as "one time" expenses from paying off my car and my furniture loan. A more reasonable number for my annual spend is $22,700. + +With my car payment gone, my highest expense category is Food, averaging $500 per month. This has room for improvement. + +Healthcare will look artificially low last year because of taking Tax Credits up front. This year I am not and will be paying $325 per month for health insurance. At ~$4000 per year, this puts healthcare at nearly 20% of my total expenses. + +Nothing else is particularly interesting. That $22,700 figure is a reasonable real-world number for me, but for future planning I'd still inflate that to $25,000 just to have more wiggle room. I may look into traveling this year, which would add some expense. + +**Investments:** + +Vanguard Investments: (All in VTSAX) + +* Traditional IRA: $299,000 -> $348,000 +* Roth IRA: $14,500 -> $18,150 +* Brokerage: $18,400 -> $22,900 + +* **Total Rollup**: $331,800 -> $389,100. ~17% return + +Other LTCG holdings: $145,000 -> $291,000 (other investment accounts and bitcoin) + +HSA Investment Account: $6000 -> $7400, with another $1700 in the "cash" holdings of the HSA. + +$9000 cash in Money Market & Checking Account. + +**Finances Going Forward** + +I had earned income last year so I didn't start my Roth Conversion Ladder last year. This year I decided I will be converting the $12,400 standard deduction + $9600 of the first tax bracket for a nice round $22,000 converted. Yes I'll owe a little bit of taxes, but it sets up my Roth with $22k in 5 years which should cover the majority of my expenses. And with $350k currently in tIRA and converting $22,000 per year, I won't be able to chew through it all before actual retirement age. + +I have about $20k from an old stock purchase plan that unlocks come April, which I will be selling and likely moving over to my money market account to shore up my "cash" holdings. + +My plan is to not really tap any of my "normal" investment accounts for as long as possible. I've been deferring to selling Bitcoin if I need to move some cash over. Last year I sold 3 bitcoin, one for $9300 in June, and then two at the end of December (for tax year Capital Gains reasons) for $7300 each. These were all LTCG at 0% taxed. AGI for last year is around $35,000. + +**The Living Part:** + +There's all the boring expenses and financial stuff. Now for the ever painful question that my beloved Grandmother loves to ask, "But gosh, what do you do with all of your time! I can't imagine being retired at your age!" + +Step 1, restful sleep. During my working career I lived off 6 hours of sleep every day. It made for exhausting weekends trying to "make it up." And luckily I'm not a generally stressful person or else it'd have been worse. But now I go to bed when I'm tired, and whenever I naturally wake up, I get up. This can lead to VERY weird hours since I'm often an extreme night owl. But I generally get 9-10 perfect restful uninterrupted dream-filled hours of sleep. + +I'm betrayed by my "Food Expense" breakdown, but I really am cooking more and eating better. I drink a lot of coffee and water at home and generally try to eat only one meal per day, but sometimes lunch and dinner. I don't normally eat breakfast, just have coffee when I wake up. And did I mention how much less painful it is to go grocery shopping when it's in the middle of the day and everyone's at work. It's so nice. + +I spend a lot of time on reddit browsing my front page, and I check out the YouTubers I follow that post daily, then check out any of the irregular posters. Depending on how much good stuff there is, this could go on for a few hours. + +I have a lot of hours playing video games. I tend toward puzzle games or building games (Factorio, Satisfactory) because they scratch that itch in my engineering brain. There are times at night where I'll spend **hours** on this website: https://www.puzzle-sudoku.com/ and play Sudoku or Nonograms or any of the other puzzle types on the bottom of the page. + +I'm doing my best to watch every single last show on Netflix. It's a daunting task, though it's surprising how often I drift back toward watching the same smattering of Star Trek: The Next Generation episodes rather than try something new. But I try and take recommendations and work my way through shows. + +And Podcasts! The joy of joys is when I come across a new-to-me podcast that has a huge backlog. I found a great ST:TNG rewatch podcast that had 108 episodes already done. I spent like 2 months watching the episode of TNG then immediately listening to their podcast about that episode, repeat repeat repeat. I'm currently working my way through The Adventure Zone, I'm on episode 46 of 155 with them. And they keep advertising the other podcasts The McElroys do so I'm sure I'll roll into one of those next. For many people podcasts are background noise, but I'll often just sit on the couch and concentrate on just listening the podcast. + +Outside of home, I can't wait for the weather to get nicer so I can go on more walks. Being a night owl I like going for walks at night. I live near our city center so I'm within blocks of city hall, the main library branch, and the fountain / park. + +I jump at any opportunity to hang out with friends. It's just about every weekend that we are getting together to hang out and play board games. Like I mentioned in one of the breakdowns, I've started to play D&D with my buddy and his wife. I'd never played before but he's been DMing for years (but hasn't had a group for 10+ years now). He's glad to be playing again, his wife **loves** it, and it's super convenient for them to stay home with the 5 month old daughter. (And baby gets to hang out with Uncle Oracle.) + +I get together with former co-workers every few months to keep in touch with them. One in particular I have a standing every-2-month bar date with. I remind them every so often that if they want to go out to lunch **ever** to just call me. + +**Personal History** + +Just a quick personal history in closing. I was an automotive engineer working for OEMs and Tier 1 suppliers in the Metro Detroit area. In the 2008 downturn I lost my job and was unemployed for 2 years and ended up getting my house foreclosed in 2010. By the time i got a job in March of 2010 I was basically at $0. I had a tiny amount in an 401k, had about $20,000 in credit card debt from being unemployed. + +But then I got a very well paying engineering job ($108k annual and eligible for time-and-half overtime). I kept living like I was unemployed, spent as little as possible and saved as much as possible. Through my parents I secured a mortgage on a nice 1 Bed / 1 Bath 900 sq ft condo. I paid off my CC debt in less than a year and kept banking cash and maxing my 401k every year. + +I heard about bitcoin in early 2013 (from a guildmate in World of Warcraft, believe it or not) and jumped on board. [All time bitcoin price chart (log scale) for those unfamiliar with the history.](https://i.imgur.com/NkJ2BMR.png) I got in before the first spike to $1000 in December of 2013, and kept buying throughout the downswing in 2014 / 2015. In 2017 I sold 5.6 BTC for a total of $6000 and paid off the last of my student loans and my car, then a few months later I sold 4.25 BTC for $6700 and paid off the last of my condo mortgage. So in May of 2017 I was officially debt free and had a net worth of about $200,000. + +Then in the fall of 2017 was when bitcoin exploded. I knew I had to take profits here. Every time the price went up 10% I sold another bitcoin. $7500, $9000, $10700, $13000, $15500, $18600. I sold all the way up. I ended up selling about $100,000 in bitcoin that year and I pushed most of it into my Roth IRA and Brokerage accounts. + +Then I really started thinking about FIRE in early 2018. Started doing the math, tried to see what my expenses would be, and thought I'd give it ago. I've told myself from day 1 that I'd give this trial a solid 2 years. If I don't feel good about it, or the money doesn't seem right, then I'll still only be 40 years old and could (IMO) easily jump right back into an engineering gig. So I targeted early 2019 so I could frontload my 401k for two months, grab the annual bonus, then peace out. + +TL:DR: 38, FIREd, Money's looking right, Life is feeling right, everything is fine +As the title says, I've been in GME since January '21. I've seen the waves of purple rings and I've gotten annoyed at how they're essentially spam. I was part of the, "If retail owns the float multiple times then everyone else who is DRS'n will lock the float. I don't have to." Bystander effect you may say. + +Since then I've been thinking about it a little bit every day and came to the conclusion that it makes **zero sense to not DRS your shares**. Even the most FUD of FUD reasons for why Computershare may be bad do not outweigh what we have **ALREADY SEEN** with other brokers. + +They **can and WILL** turn off the buy button in a squeeze event. Look at Nickel for further proof. When the brokerage has risk, they will protect themselves over you, always. If your boss had to risk their job over yours, they're going to choose yours. It's human nature. Mark Cuban told apes to get a bigger broker next time. Apes looked to Fidelity over these other **PFOF** small brokerages. Surely Fidelity can't fall, right? If you believe in MOASS then you **have** to believe that all things are possible. In the event of MOASS, Fidelity will do whatever they must to stay alive and **whatever that may be, we all know that *APES* BEST INTEREST will NOT be their concern**. + +So why haven't you DRS'd your shares? I can tell you that I didn't do it because I was just lazy and was leaving it up to other people. However, when I saw that Fidelity(my brokerage) offers DRS through live chat, I thought, "why not?" + +Guys and gals, it took me 150 seconds or so to complete the process. Less than three minutes. + +Some people will argue that Computershare caps out at 214k$/share and the only thing I can ask you is, based on what we've **SEEN** from GME's history, do you really think that ANY broker out there is going to allow GME to go even a fraction of 214k without fuckery? + +I have rolled my eyes at DRS posts for six months at least; all while believing that it's totally possibly to DRS the entire float. It's not fair to piggy back off the success of others. If you aren't going to sell your shares anyway, what's the point in waiting to put these shares in your name and away from any biased third parties(brokerages)? You basically have your cash on the table assuming that the other players are not going to steal it when their portfolios start burning down. + +#Step by step on how to DRS with Fidelity using live chat in < 3 minutes + +* https://www.fidelity.com/ +* Click the chat bubble in bottom right. +* Type in Agent +* Type in DRS +* Wait to be connected +* Type, "Hi, I'd like to DRS x amount of shares of GME." + +That's it. The agent will do his thing and you're done. 1-5 days later you are able to register an account on Computershare by typing in your SSN/Zipcode and your shares are there. + +If you're worried about selling on Computershare, it's extremely simple. Just a few extra clicks compared to other websites. + +* Login +* Click on View and Update your Profile (left side) +* Click sell your shares (left side) +* Scroll down and click next +* Fill out the form of how you want to sell: limit order, quantity, amount etc. + +Computershare sells just as fast as brokerages do. + +In closing I'd like to say this: If you could personally do something that gave you and your family a chance at never having to worry about financial struggles again and that action practically cost you nothing other than a few moments of a single day, you would drop everything and do it in that moment. DRS is that moment. + +edit: To answer a question I've seen asked in my inbox a few times: + +When you initiate the DRS transfer from your broker, they will send your information to Computershare along with your shares. It takes about 1-5 days. It took me 2 days. What you should do is try to register a Computershare account every day using your SSN/Zipcode until it lets you. It will say that there isn't anything on file until the transfer is complete and then you'll be able to register. +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +# Want to learn more? [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I am relatively new to dividend investing as of March of 2021. I originally started with the Idea that I would go all in on T and VZ. Fast forward to today and I’ve matured to 7 Stocks. T, VZ, MMM, CVX, PEP, KO and REYN. + +The idea is I get a monthly dividend payout Jan - Dec. Which is not a new strategy but an easy one to have fun with. Started my goal of $10.00 in divs from each stock, reinvest and add bi-weekly pay. I’ve grown the payouts from $20-$30-$40. At present I’m averaging $50 monthly in divs. and growing. (Although I’m really at $70, I adjusted for T shares div to 1/2 $0.26 est. because next year there spinning of a portion of their business.) I find that it’s easier for me to stay engaged when I feel like a home owner collecting rents each month. Bonus: Rents increase each month. Lastly, I got my two oldest working daughters in the early 20’s on this plan and they love it. + +Moral of the story find a way to have fun and get it done! :) + +($15.5K Invested) Age: 44 +PG currently has a dividend yield of 2.60%, paying approximately $3.48/share + +Market cap is insane at $335B+, which I think is wholly and completely indefensible imo. + +DD looks solid, consumer defensive stock with reliable dividend increases and the fundamentals look good. + +Anyone in this stock for the dividend, or perhaps considering it as a growth stock as well? +I’m looking at Wells Fargo, Bank of America, Citigroup, or TD Bank. I want one I can buy and hold for decades. I’m attracted to Citi at its current price and good yield but I believe Bank of America is also well placed to deal with increasing demand in online banking. TD bank is insulated a bit from US fed decisions and Wells Fargo has been generally good to me since I got into it a few years ago. +I've been wheeling SPCE and BAC for months and I'm pretty happy with it. Just thinking about adding more money to wheel with but I can't decide what I would put it in as I've mostly just focused on those 2. +I've been wheeling SPCE and BAC for months and I'm pretty happy with it. Just thinking about adding more money to wheel with but I can't decide what I would put it in as I've mostly just focused on those 2. +I just migrated to the US this early January with my family from a third-world country. I got a job offer that is salaried as 45k per year pre-taxes in a low COL state in the South. + +I live with my mom, and I've only just started to wise up with my financial planning as I do realize I'm not getting any younger. My profile: + +- 22f, no notable savings, no debt +- no credit history +- looking to buy a used car +- I won't be paying for rent, but I will contribute $250-300 monthly for groceries and utilities + +I'm literally starting from scratch in a new country that I'm still not very familiar with. I guess my question is, do you have any tips for me on how to handle my financials and what other steps do you think I should take? I know that you can easily get into debt here in America and that's something I want to avoid. + +I really want to be financially smarter so I can also afford to live on my own in the near future. + +Thank you! +Hi Ether Bears, I'm an ether Bull. However, unlike many on the internet and on this very sub, I greatly enjoy reading opposing viewpoints and the thought process behind them. + +Would you mind explaining your reasoning on why you're bearish (not necessarily on the tech, but on ether, for a trader/investor/hodler POV)? I can't promise others here won't flame and downvote but it would certainly great to hear people's opinions on both sides. + +Welcome to the Weekly ICO Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of current and upcoming ICOs. + +*** + +Enjoy! +Does anyone here live in a HCOL city and have a big family that they support. I'm trying to work out what the budget needs to be, and at the moment it's looking a bit terrifying. + +4 kids in private school - $50k a year each if you include other costs. + +Care for elderly mother (she has no funds of her own), $100k for either a live-in carer or a care home. + +Housekeeper (cleaner), nanny, personal assistant - $100k if they're all part-time, more if they're full time. + +And then usual household and family costs at $200k. + +So $600k post tax, or $1m pre tax. So $30m in assets to be able to FIRE. That's a pretty damn high number. + +Now I know everyone's answer is going to be "but you don't need to spend $50k on a school" and "you don't need a housekeeper, nanny and PA", but that's not what I'm looking for. I'm just very interested if someone on here is actually living this kind of lifestyle, and is happy to share some insights into their budget - especially if there are any additional costs I have thought of, or if there are some interesting reductions they've been able to make without changing the lifestyle. +Hey everyone, + +I was playing with my dog today and started thinking about the costs associated with owning him. I remembered there was a post on this sub not too long ago that broke down the cost of owning a dog so I though it would be good to give y'all another dog ownership cost assessment. This is all the costs my GF and I have had in the first six months of owning our dog plus what we expect to pay for the rest of the year. + +Adoption Fee - $40 + +Dog Crate - $65 + +Dog Collars, leashes, and seat belt - $45 + +Dog Tag - $45 + +Heartworm, Tick, and Flea Preventative Medication - $150 every six months, $300/yr. + +Toys - $80 to date, projecting another $40 in the next 6mo. + +Pet Insurance - $45/mo, $540/yr. + +Dog Food - $55 every six weeks, $476/yr. + +Hygiene (includes nail trims, shampoos, teeth care, etc.) - $14/mo., $170/yr. + +Treats (we opt for a combination of bones and soft treats) - $21/mo., $250/yr. + +Annual Exam + Booster Shots - $300 + +**Total Cost: $2,351** + +Regarding pet insurance, unless you have a beefy savings account and no other things to save for (like say a down payment on a car/house, a wedding, etc.) -- or you are willing to put a large pet bill on a credit card -- you are better off getting pet insurance. Enrolling in this will make sure you can afford a large pet bill and not have to compromise on your pet's care. That said, do your research on each pet insurance provider and be sure to enroll your pet as soon as you can if you do decide to purchase it (pet insurance providers will not cover anything associated with an accident/illness that occurred before you enrolled your pet). + +Hopefully this provides y'all an idea of how much a dog can cost in the first year. Obviously some of these expenses are optional/flexible, so it really comes down to how much you are willing to invest in certain things. At the end of the day, dog ownership is one of the most rewarding things you can do. Having this 55lb rugrat has been so much fun and has taught me a great deal. +While I have been in the stock market for two years, and I have seen my portfolio increase I now have a concern as a long term investor. Over the past several decades we have seen the S&P provide an average annual return of around 10% greatly outpacing 3% inflation. I am concerned this can not be sustained over the long term due to the fact the earth has limited resources, and that investing may be based on the speculation of infinite growth which may not be possible. Does anybody else feel this same concern or can prove me wrong. +Oil will stay cheap. + +In an in-depth report on long-term energy trends, OPEC, the 13-member cartel of oil producers, said a barrel of oil would not be worth $100 until after 2040. + +How can you make a prediction for 24 years if you don't know what may happen next week? +I made this post in LRC, but I see it may have some use here too considering I keep seeing people speculating on what hedge funds might do to mess with the beloved GME. + +One thing I want to note, is that Gamestop does not seem phased one bit by these predatory people, i mean really, unphased, so we should be too, and why? Well something begs me to wonder why are they not giving a flying dookie about these guys. Is it because they have an army bigger than we imagine? + +Most likely. + +Here's a quick exercise - What happens when hedgefunds decide to drop the stock, and Gamestop reminds people they're partnered with Microsoft? Chances are, that's what hedgefunds are truly worried about, the bigger, quieter, leaner, meaner elephant tech giant in the room who is ready and willing to take away from those who steal. + +**Okay, now that you've ran through that exercise, onto the actual post!** + +I see a lot of wonder about who is going to use LRC ( THE PROTOCOL) in their online storefronts and digital use. + +I want to point out one thing that everyone is overlooking. Microsoft, is partnered with Gamestop. + +**I repeat, Microsoft is partnered with Gamestop.** + +[https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) + +If there is going to be one piece of speculation with a hint of evidence backing it, its that **Microsoft**, one of the **main tech giants**, wants to **stay ahead of the pack**. There is competition for land to be taken back, and Microsoft wants to own that land and will fight smart to stay ahead. + +How does one stay ahead of the pack in a time like this? The same way Microsoft did it back then, utilize their inner and outer resources, and build or work together to implement a system that is open to nearly everyone. + +Sound familiar? Take the PC you are using, not apple products, but PC products. The software is made to be malleable to a degree, fixed by ones self, **adopted by the masses**. Sounds ALOT like what LRC wants to do with digital currency protocols. + +again, **Adopted by the masses**. + +Not only that, but for a coin to be taken seriously, it has a much higher success rate being adopted by a company like Microsoft. + +Think of how many people build their PC Windows system computers now, instead of pre-built apple products, to game on, or use intensively for similar purpose, especially when it will come to VR, Augmented reality, and what the future of the metaverse(s) will hold for the new age of internet. + +Oh, I forgot to mention, **~~Gamestop's working on their own VR system too~~**~~,~~ **~~likely with Microsoft~~** Microsoft is building their own VR branded "HoloLens", where the **tech giants are now competing for a spot in the augmented reality world**. Think of the space that will be bought, and used up in the AR world, for advertisement and building digital empires that you can see virtually or augmented into the reality around you through glasses. + +If there is anyone who wants to stay ahead of the rest, and is always open to new working of the internet, its Microsoft. No wonder why they partnered with Gamestop last year, they saw this coming from a moonshot away. + +p.s. Anyone else find it funny Microsoft and Gamestop have been dead silent since last year regarding their partnership and project announcements? Makes me wonder why they're so quiet while the rest of the tech giants are making a huge fuss about the new age of internet. Microsoft is also using Ethereum to combat piracy, and will likely be taking it into their Azure web2/web3 services. These puzzle pieces fit too damn well together, all of them. + +One thing is certain, I always place my bets on the guy with his head down working his ass off behind the scenes, staying quiet. + +Again, Sounds like a Chairman at Gamestop who has stated many times they do not announce the moves they are making. **"Talk is cheap, It takes money to buy whiskey" - Ryan Cohen.** + +**Happy Holidays, To those, a full heart, and a fuller glass.** + +**Love you apes and loop troops.** + +Edit1: Another example of Microsoft taking the world by storm is working with Intel. Intel chips are in nearly every computer. It's Microsofts cut throat business tactic, by implementing a necessary part in their househeld products to make them work properly. i.e. the Intel chip. + +Again, sound familiar? Now Microsoft wants a piece of digital backed world, and is going to take in integral part of how that system works, and implement it into their own cut throat business tactics, implementing this system into their household products to have a properly working pay system in the new age of internet. + +Edit 2: This ones for fun, Ryan Cohen posts a sugar daddy on twitter. What do sugar daddies do? A sugar daddy funds the person they're "hiring" essentially. Again, not farfetched for Gamestop to have a sugar daddy with large pockets i.e. Microsoft. + +Edit 3: [https://news.microsoft.com/transform/azure-space-partners-bring-deep-expertise-to-new-venture/](https://news.microsoft.com/transform/azure-space-partners-bring-deep-expertise-to-new-venture/) + +Microsoft is also partnered with Starlink, created by Elon Musk, the destroyer of shorts. Their partnership speaks of using Microsoft Azure, a similar service to Amazon Web Services. AGAIN, SOUND FAMILIAR? Sorry, im excited, but doesn't that look an awful lot like AZURE wants an LRC type protocol payment service for their own web service? which is likely working on being integrated into Web3... Food for thought apes, wrinkle up! + +Edit 4: [https://markets.businessinsider.com/news/currencies/microsoft-msft-ethereum-blockchain-fight-piracy-digital-tech-public-ledger-2021-8](https://markets.businessinsider.com/news/currencies/microsoft-msft-ethereum-blockchain-fight-piracy-digital-tech-public-ledger-2021-8) + +**Microsoft plans to use Ethereum** to combat piracy in the digital tech era. + +Edit 5: Microsoft HoloLens to be sold to military in a 21.9B contract. +https://www.bbc.com/news/business-56598882 + +This is much bigger than we all have imagined so far, even to reach into the military as another income source, and backing. + +Thanks for the love apes, and I'm going to throw this out there to Gamestop employers who might be reading this; if I'm right, I would like for this to serve as a chance for a position in your company where I can be of service. I want to provide purpose to myself and others, and WORK my ass off for this companies future without giving up too much more information to the public. +Again, thank you. + **This is it.** (imagine) the squeeze is over. + +In a matter of some days your wealth rocket from some thousands into the Millions. Congratulations, you are the first Millionaire in your family. Yes YOU, a retarded ape, who never saw 5 or 6 digits in your bank before. And now? How do you keep your new wealth, keep it away from (greedy parts of) family, friends, the government and from financial crisis? Hire a financial advisor, who take 2% a year from your hard fought tendies? HELL NO! (Besides the advisors, that you need for your legal stuff and taxed) Some wealthy guy once said: “it\`s easy to make money, but it´s hard to keep it.” + +In this post I´ll talk about some different assets, you can invest into, that will keep and grow your wealth (No financial advice bli bla blub). + +Since I´m an europoor, I´ll mostly write in € and kilogram (for weight), since the numbers are just for getting a feeling…it shouldn´t be a problem (in case just convert them). Also I excuse for any mistake in spelling or writing. + +Now to the assets, these assets are: + +\- Stocks - Land + +\- Real estate - Foreign currency + +\- Diamonds - Exotic assets + +\- Precious metals - Crypto + +\- Cash + +First of all, it´s a bad idea, to just let your winnings laying around at your bank, inflation eats on it, if your bank goes bankrupt, you are fcked. So first have a look, until which sum your money at your bank is backed up by government. In Germany (German ape here), it´s mandatory 100k € + volunteer higher back up from bank. Don´t let large amounts of money lay over this backed up number or it could be, that you wasted this once ***ever*** event. + +**Stocks:** Why you should immediately invest some of your gains back into the stock market: Since we all know, how big this thing and shitadels fuckery is, it´s pretty sure, that $GME will drive the rest of the market down, a boomer stock blood bath, or how we call it: A FIRE SALE! Reinvesting into stock only has advantages, we´ll get back into the market at a much cheaper price, which will also stabilize the whole market, when Trillions of $ get back into the market, reddit just saved the global economy! + +\-But what stocks should I pick, I only invested in $GME so far? + +There will be a lot of cheap tech stocks on a sale, feel free to pick your favorite and watch them grow. Also you can pick some dividend aristocrats, to get a safe quarterly side income and a very safe and stable stock. Also you can save the wealth of your family and future generations with setting up some cheap Index funds (with xx,xxx-xxx,xxx$), which will grow over the time and also make your grandchildren millionaires. + +**Real estate:** Only buy it, if you know how to do and if you can easily afford it, don´t spend all your money on one property. And don´t make the Kenny G., you don´t need x expensive houses, that require monthly maintenance and slowly eats on your wealth. Only buy a property to live in, if you can easily afford it. Otherwise just buy real estate, if you plan to rent it out or to flip and sell to a higher price. Why? Ever heard of somebody, getting rich with real estate? Obviously. Ever heard of somebody getting rich with his/her property? There you go…draw a clear line between *your* house and a income generating real estate asset of yours. + +Can´t tell you more about how to find and buy a good property, never bought or owned a property (small, young ape here). + +**Diamonds:** (read Edits before Diamond segment) + +Edit: Good comment from u/dutchretardtrader about diamonds, that I didn't knew so far: "The natural ones may be getting harder to dig out of the ground, but the DeBeers company which has a practical monopoly on the supply side has an enormous stash of it, which they're sitting on to keep the price high and stable. +The industrially produced diamonds are just as good as the natural ones, but DeBeers is doing everything they can with propaganda, serial numbers etc. to convince people that somehow the natural ones are 'better' than the industrial ones. It's a losing battle (and then there's the ethical aspect of natural diamonds, ie blood diamonds, poor working conditions of the miners), and at some point DeBeers will probably start dumping their stash en masse on the market to drown out the demand for industrial diamonds, which will also tank the price." + +Edit 2: some apes pointed out, that the diamond market is pretty fraud, do your own research before buying them heavily, there are a lot of other great gemstones available! :) + +If you keep your hands of the sell button on the way up during the squeeze, you are allowed to call yourself diamond baller and are allowed to buy ***real*** diamonds. Some facts about the advantage to buy diamonds and why to diversify into them. Diamonds are small, light, easy to store, have an constant rising price and were never forbidden in the history of money and humankind. Lets say you take a million € of your $GME money and put it into Gold, now you have 20 kilogram worth of gold, have fun storing it! The same amount in diamonds in comparison would be *only* 4,4 Karat=0,88 gram! Easy to store in any safe or bank. The price for diamonds had a constant rising within the last 50 years and had returns of 4,3% a year since 1960. It´s not as much as the average yearly return of the S&P 500, but we might see some higher returns in the next years, since less and less diamonds can be dig out of mines. And the last advantage of diamonds: they never have been forbidden, try to think about any asset, that wasn´t forbidden (or had some shady things going on) at any time and human history (money, gold, real estate, alcohol…). Some things to pay attention to, when buying diamonds: respect the 4 (or 6) C´s, which are: + +*Carat, Color, Clarity, Cut, (Certificate), (Confidence).* + +*Carat= weight should be .3-.33; .5-.53; 1.01-1.3 and so on* + +*Color= D-G (D is the best)* + +*Clarity= IF or F* + +*Cut= excellent* + +*Certificate= from the GIA (Gemmological Institute of America) makes sure your Diamond is real and you can sell it anytime, anywhere. Also every diamond has it´s own number, lasered into the diamond.* + +*Confidence= only buy from legit, serious stores. When you buy, ask them, if they would by it back from you at any time. Only buy there, if the answer is* ***yes****.* + + +**Precious metals** + +Gold, Silver, Platinum and some more: Gold is one of the oldest currency on earth, since more than 5000 years, humankind used it to buy/ sell things and store wealth. Gold and Silver both have a constant value increase over years and decades. Gold and silver both stay strong values in times of deflation and financial crisis. What happens, if gold gets forbidden by the government? In the 20th century we´ve seen 9 big gold-gets-forbidden-events. 1x UDSSR, 2x Germany, 1x USA, 1x France, 1x China, 1x Poland, 1x India and 1x UK. It *could* happen again, but forbidding gold never worked and will never work out in the future. Also we live in different times, in a democratic country it shouldn´t be possible to forbid precious metals for the normal person, while the state and institutions are allowed to keep it. Why institutions? Oh well since 2008 try to guess, who bought gold *en más* to be prepared for the next financial crisis? Institutions and central banks! Since 2008 central banks bought more gold, than in the 50 years prior (2018 around 651,5 tons). Since we know about the unstable market and what could happen, if shitadel and co. starts to burn…it might be a good thought to put some of your money into gold. + +Silver: I know, I know, Apes no like silver, but similar to diamonds and gold, it can secure your wealth and it might be an good idea, to diversify into. When buying silver, you should look at the Gold-Silver ratio, which is historically at around 60 (1 oz. Gold= 60 oz. Silver) . In early 2020 (everyone panicked and bought gold) it was at over 110, which meant Silver was compared to Gold undervalued. Atm we are sitting at a comfortable 69, nice (LOL), so Silver would be still a buy. Before buying research for the tax situation in your country and which coins or bars are the best for you! + +Another bullish factor for the future of Gold, Silver and Platinum is the Basel-III-Rule coming into action in 2022. Banks and central banks are then allowed to put up to 20% of equity into these 3 precious metals to stabilize against crisis and to strength their balance sheet. + +So best for ape would be: Get GME gains, put some of it into precious metals, market takes a big hit, lot of people FUD into metals, prices raise. In 2022 Basel-III comes to action, Banks buy more metals and prices raise again. Apes happy with returns and to have some of their money in a safe investment. + +**Cash:** “Cash is king”, holding some of your assets in physically money has some big advantages! First: you own it, you have it in your hands and are always good to go on using it. If you have money on your bank, you don´t really own it, your bank just tells you, what you *should* own. Think about Greece last financial crisis some years ago, people weren´t able to get their money out of the banks for a longer time…do you now understand, why owning some physical money could be useful? Also your physical money is (still so far) protected against negative interest rates and in times of deflation. Also since you always have access on your money, you´ll be able to (at any time) buy cheap into other assets, if there is a good business opportunity coming up. Buy a safe for your new mansion or take a locker/ safe at your bank, that you can easily access and thank me later. In times of hyperinflation hold 0% in physical cash. + +**Land:** You can take some of your money (x-xx%) and buy land, forests, grassland and fields. It won´t give you annual returns (except you rent it to farmers), but it´ll save your assets long term. With some strategically buys and in times of a constant growing world population, you might be able to sell it to a higher price later, if you are in need for money. Also how cool would it be to have your own forest to have relaxing walks inside? + +**Foreign currencies:** Don´t buy them heavily, maybe some small one-digit-percent number for speculations, but in times of uncovered paper currencies and unlimited money printing (central banks goes BRRRRRRRR) it´s not a good and neither a safe investment. I know, we have apes from all over the world and some counties local currencies are very unstable, if this counts for you, you might consider putting an a bit higher number in safer currencies ($/€) to be protected from your currency and government. + +**Crypto:** It would take a lot of time and words to write everything, since I know many of you apes know way more than me about it (never owned any), I´ll try to keep it short and simple. Even, if you never bought any, you should consider taking some percentage of your assets and put it into crypto, because it´s the future, it´s decentral (government can´t regulate it), it can´t get inflated, since there is usually a limited amount of crypto coins available. I personally would only buy Bitcoin and Ethereum, since they already have “real world use”, like buying your tesla with bitcoin or nft art with Ethereum. Just buy and hold it for the future, maybe in 10 years, you´ll be able to buy a new house in Bitcoin, which is at 200k/Coin. Who knows. As much fun Dodgecoin is…now since you are wealthy, you want to *keep* your wealth. Don´t buy coins, that you don´t understand or that don´t have a deep (fucking) value. + +Edit: good recommendation by u/trpHolder for another coin currency: "Monero is what bitcoin dreamed to be in the beginning days. It's way more practical than bitcoin and ethereum, because the transaction fees are low as fuck and the confirmation time is also a lot faster. Bonus points also go to privacy, with bitcoin and ethereum anybody can find out how much you own if they gain access to your public key ( which is really easy, since it will be exposed when you make a transaction), Monero on the other hand is as private as it gets. People can know your public key but they will never be able to see how much you hold and how much your transactions are. (...)Monero was designed to be as private as possible and it's using a technology which makes it impossible to track transactions." +Obviously no buy recommendation, do your own research, before taking heavy positions. + +**Exotic assets:** Now to the last and probable most fun one! Exotic assets, what should that be? A coconut palm farm? Buying islands in the Caribbean or a property on the Cayman islands, so you can visit our friends from the “[everything short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) and [the everything connection](https://www.reddit.com/r/Superstonk/comments/mokvhk/chaos_theory_the_everything_connection/)” lol? Nope, exotic assets usually have side effect of being hell of fun, an exotic asset could be a exotic car, a watch, whiskey, antiquities, or art pieces. Everything of these is a different market with different experts, before buying some antique furniture for an exorbitant price, you should inform and consult with an expert. After you purchased one exotic asset, **treat** it like an asset!!! Buying a rolex with the speculation of selling it way higher in 30 years *won´t* work, if you wear the watch every day. Driving with your old-timer/ exotic car to a $GME ape meeting-yes, going on the racing track and driving like crazy-no. Buying whisky for 50.000 and then just drinking it? NO, store it in your mansion, so you can sell it higher in 20 years. Only excuse I´ll allow for opening a bottle of the bought whisky is, if another ape comes for a visit, so you can look back at the financial war of 2021. You can have a lot fun buying and researching exotic assets, just let me tell it again: treat them as assets, otherwise, you´ll lose money! + +Edit: a comment about exotic cars by u/ineptVirus: + +"I think cars are a fantastic asset to the multi-millionaire investor and they are largely overlooked. + +They are overlooked as an easy investment for a few reasons: they are large, they do require some maintainance even in long term storage, and you need to know your stuff (or know someone who does) to make a fantastic long term investment. + +However, if you can pick a nice model, in a good condition, you can have a great appreciating asset that can sometimes even match some stocks and funds for growth of value. I think this is especially true with the upcoming electric car revolution. Remember, noone makes new classic cars! Supply is on a downward trend, demand is pretty constant. And there are lots of cars for every price point, from a few thousand to a few million." + +**(Yolo with DOMO):** Only relevant, if you are in the U.S, so sadly not for me. Domo capital is a Institutional investor firm, that supported us apes with information and called out false news/ media, they´ll do an AMA the the 20/04 with us. For U.S apes with 100k left, you might think about investing with them, they have good returns and are pretty smart. + +Now on the end a short table, how certain investments tend to perform in different events/circumstances. (Took from a German financial investment book and translated it). + +[Performance of different assets during different events.](https://preview.redd.it/91d8gde58js61.jpg?width=1654&format=pjpg&auto=webp&s=7cf2172387456217b88af2fc6035bf11a05a97ee) + +As you saw, most of these assets are real/ physical assets, I can´t tell you, how many % of digital assets you should buy (Stocks, cash at bank, crypto) vs real (real estate, diamonds, precious metals, cash, land, exotic assets), it depends on your personal risk. But generally, the higher your wealth, the more you should diversify into real assets, so you´ll “really” own your assets. The earlier you´ll make a plan in where and how much to invest (after you sold and have amount x to play with), the better. It´ll take some time and new knowledge to have your wealth spread in different assets, just try to have fun doing it and then you can just sit back, enjoy life and watch your wealth grow over time, while it´s also secure from different circumstances. + +&#x200B; + +**TL;DR:** If you made a large amount of money in GME (after the squeeze!) and want to keep your wealth... just read it, seriously. I´m discussing different assets, advantages of these assets and why certain assets are important to keep you and your future generations wealthy. + +&#x200B; + +Ape strong together <3. + +Edit: rockets requested, so here you go! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I just turned 28. I've been living at home due to familial reasons that have since been sorted. I'm looking to move out soon. I have a lot saved (45k taxable brokerage, 15k cash). I budget every month, no debt. I make 46k a year. + + +Sites like Roofstock are looking really nice to me right now, and I'm wondering if that's stupid. I know it's a little frowned upon here but I like the idea of a turnkey service. + +Would it be stupid to put a down payment on a rental property via Roofstock before finding my own place? +After a year of following the script and house hacking we are throwing in the towel on house hacking. + +Why? Well. We hate it! + +Coming from a HCOL city it made perfect sense. We used our higher salaries in the HCOL area to save for the downpayment on a duplex in a LCOL area. We found the perfect duplex, and set off in relocating. We slashed our expenses, housing, transportation, everything else that comes with moving to a lower cost area. + +But after a year, we have had it. The lack of boundaries between our private personal lives and business is simply not worth it. We are excited to once again pay a housing payment out of our own pockets. Because you simply cannot put a price on your freedom, time and effort. + +With a househack, arm's length investing is an impossibility. The expectation that you are always on call is difficult to get around when your home is your business. Providing a service to someone in your own home is exhausting and you can never really relax - there is no out of sight out of mind in a house hack. + +I'm excited to have a home again soon. A business is not a home, a home is not a business. + +I feel like so much conventional guidance is pro house hacking to get ahead and all the benefits you reap from it. This house hacking failure's guidance? You cannot put a price tag on living without constraints in your own home. + +Edit: Some lessons learned. This hack didn't go exactly as we had hoped, but maybe instead of chalking it up as a failure, I'm going to reflect on the big things I learned. + +1. I still say you cannot put a price on your freedom, time and effort...which is why we should have hired a PM from the start. A very small price to pay that would have afforded us these things + +2. Not revealing that we are the owners of the property would have 100% been the way to go. If/when we try another hack, going to use these lessons from this flop and incorporate them + +With house hacking, I was always under the impression that you should manage things on your own, but it's really not for everyone (and certainly not for me!). +I'm in Michigan. + +I've spent a little over $1500 dollars trying to get this deal done between home inspection, appraisal, and upfront mortgage fees. The deal is most likely going to die because the title won't clear due to an issue with a mystery LLC having a claim to the property. The seller says they're unaware of this LLC and don't know who they are. Today was supposed to be my closing day, but we're extending our offer 2 more weeks to see if Title can clear this up in that time. + +I didn't know which flair to put on here between legal, new investor, and education. All apply here. I've approached this deal in earnest and done everything I need to do to make it happen. In my view, the seller has misrepresented their ability to sell the property. If this deal does fall through, which it seems like it's going to, do I have any recourse to get the money back that I've spent from the seller? Would I have a case in small claims court (which handles cases up to $6500 in Michigan)? Or am I supposed to just eat it and learn that sometimes this is the price/risk of investing? +I'm a software developer. I'm back in school part-time as well. I'm thinking about minoring in finance to be more informed in my trading. Is this a good decision? Any finance majors in here? +Guten Morgen to this global band of Apes! 👋🦍 + +Exciting times indeed! With the crypto markets in freefall, we're seeing several crypto trading platforms suffer 'glitches' that are preventing their users from accessing the assets held on their behalf. This is highly suspicious to me, as the platforms would only take such extreme measures in times like this if it were the only way that they could remain afloat. They are well aware of the signal that it sends, and that breaking trust in such a way is going to be a heavy black mark on their reputation if they manage to survive. These are survival measures, and is a clear sign of the kinds of things that will be happen when the brokers start to fall. + +Meanwhile, the rest of the markets also had an incredibly bad day. It seems that investor sentiment has soured significantly, and it is not just crypto taking a hit. With the Fed expected to hike interest rates at a faster pace than previously expected, the money that used to flood the market is rapidly drying up. It's curious to me that RRP continues to set new records - are we seeing the cash that comes out of the market finding a safe home in the overnight deals? Could this be collateral that the brokers require to maintain the short positions? + +Finally, the FUD machine is in full force. It was hard to miss, but u/dlauer has recently been targeted by a campaign to raise suspicion of his motives and seed distrust of his efforts to drive market reform. Dave Lauer has been a steadfast supporter of this movement, and has helped to bring much insight to Apes. He is clearly on the right track, but I am glad to see so much support for him. + +This is already a more eventful week than many, and we're just about to start the second day of it! Will you please join me in this ride? + +Today is Tuesday, June 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$120.02 / 114,80 €** *(volume: 2517)* +- 🟥 115 minutes in: $120.25 / 115,02 € *(volume: 2450)* +- 🟩 110 minutes in: $120.26 / 115,03 € *(volume: 2425)* +- ⬜ 105 minutes in: $120.25 / 115,02 € *(volume: 2354)* +- 🟥 100 minutes in: $120.25 / 115,02 € *(volume: 2352)* +- 🟥 95 minutes in: $120.73 / 115,47 € *(volume: 2171)* +- 🟥 90 minutes in: $120.75 / 115,50 € *(volume: 2062)* +- ⬜ 85 minutes in: $120.76 / 115,50 € *(volume: 1922)* +- 🟩 80 minutes in: $120.76 / 115,50 € *(volume: 1922)* +- 🟩 75 minutes in: $120.33 / 115,09 € *(volume: 1769)* +- 🟥 70 minutes in: $120.33 / 115,09 € *(volume: 1701)* +- 🟩 65 minutes in: $120.33 / 115,09 € *(volume: 1699)* +- 🟩 60 minutes in: $120.31 / 115,07 € *(volume: 1691)* +- 🟥 55 minutes in: $120.25 / 115,02 € *(volume: 1551)* +- 🟩 50 minutes in: $120.32 / 115,08 € *(volume: 1520)* +- 🟩 45 minutes in: $120.17 / 114,94 € *(volume: 1510)* +- 🟥 40 minutes in: $120.17 / 114,94 € *(volume: 1487)* +- 🟥 35 minutes in: $120.25 / 115,02 € *(volume: 1481)* +- 🟥 30 minutes in: $120.25 / 115,02 € *(volume: 1448)* +- 🟥 25 minutes in: $120.43 / 115,19 € *(volume: 1404)* +- 🟩 20 minutes in: $120.54 / 115,29 € *(volume: 1185)* +- 🟩 15 minutes in: $119.61 / 114,41 € *(volume: 855)* +- 🟩 10 minutes in: $119.09 / 113,91 € *(volume: 455)* +- 🟩 5 minutes in: $118.55 / 113,39 € *(volume: 273)* +- 🟩 0 minutes in: $118.53 / 113,37 € *(volume: 263)* +- 🟥 US close price: $118.25 / 113,10 € *($117.90 / 112,77 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0455. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Let me preface this by saying I am pretty uneducated about the stock market and investing... +My oldest son received 10 shares of Disney stock when he was born in 2001. All I ever received is a fancy certificate with Disney characters all over it. I have no idea of the value of those shares today(has Disney ever split?). He is asking about cashing them in to help pay for a car or college. +I don't even know where to start. Any advice you could give is much appreciated. + Unlike the current popular post bashing Ethereum, this post will actually be based on fact and reality. + +The main thesis of this post being that Ethereum is amazing and will change the world (If I can't be idealistic on Reddit where can I be?) + +# Ethereum Is Highly Decentralized + +The initial token distributions for many popular chains can be found [here](https://medium.com/open-source-x/what-does-increased-insider-ownership-in-public-blockchains-mean-97f8e9e50368) + +What you'll see when you click the link is that, unlike the other post claims, Ethereum's token distribution is not only not centralized, it is among the most fair distributions in the history of crypto. + +Shoutout to Cardano, Cosmos, and Tezos here as well. + +Getting past token distribution there is the number of nodes that run the Ethereum blockchain. + +Currently there are about 2700 nodes helping to secure the Ethereum blockchain as well as about 200,000 validators ready to secure it when PoS goes live in 2022. Many of these validators will be run by exchanges or other companies, of course. The point is that anyone with 32 Eth can run a validator because the hardware requirements are low enough. + +Compare this to 120 for Algorand, 450 for Tezos(there are other nodes, but the bottleneck seems to be the nodes that write blocks), 1100 for Solana(even though other factors make Solana extremely centralized), and 21 for Binanace. + +Another valid critique to Ethereum's Decentralization could be its client diversity. Currently about 50% of nodes are running the same client. This could cause issues when it comes to bugs found in that client, but it is fairly trivial to switch clients should something go wrong. + +With all these factors(and more) taken into account, it is not up for debate that Ethereum is in the top tier of chains when it comes to Decentralization. + +"*Okay but the person said Proof Of Stake will centralize it!"* + +Unsurprisingly they are incorrect yet again. While it's valid to speculate that Proof of Stake could lead to token concentration (ie Coinbase running a ton of validators and offering staking services to users), it is incorrect to assume there are zero solutions in place to solve this. + +Literally this week [Rocketpool](https://www.ethernodes.org/) launched. Rocketpool is a Decentralized Eth staking platform that allows people with 16 Eth to run validator nodes with the help of others that want to stake less than 16 Eth. + +There's a reason very few new projects are launching as Proof of Work chains. + +&#x200B; + +# Ethereum Governance - Who's Really In Control? + +The original post implied that Ethereum was captured by a central authority that hands decisions and orders down as easily as they fart in the wind. + +Obviously this isn't true. Yes, the Ethereum Foundation exists and operates in pursuit of furthing the Ethereum ecosystem. No, it does not "head" the chain nor does it make any decisions. + +[Ethereum's governance happens off-chain in the social layer.](https://ethereum.org/en/governance/) + +The community(devs, thought-leaders, regular users, validators, node-runners) is what makes the decisions. The valid criticism here is that Devs have too heavy a role in what changes are accepted, because they know the most about how Ethereum works under the hood. To date this has not been an issue. + +&#x200B; + +# Ethereum's Design - EIP 1559 is good + +EIP-1559 does indeed make fees more stable. It was ***never meant to change how high fees were***. + +The increase in fees is due to the market heating up and NFTs taking off again right as it was implemented. It really is that simple. Amazing right? + +*"Okay, whatever, the guy was wrong. What about the damn gas fees? Surely that means Ethereum is broken."* + +Ethereum's gas fees are extremely high right now. They will remain high forever, on Layer 1. + +Ethereum(and Tezos) have chosen to scale via ***Layer 2.*** + +This means that very soon the average Ethereum user will never have to interact with layer 1 and will never have to pay extremely high gas fees. These projects are already live and dApps are being ported to them as we speak. I think they even hit a new ATH in total value locked this week! + +These layer 2s are much more scalable than any layer 1 solution out there (like Solana, BSC) and I believe they will eventually consume the other layer-1-only chains. + +&#x200B; + +To address the DAO hack: + +In June 2016, someone found a bug in a smart contract that allowed them to drain millions of dollars worth of Ethereum. The Eth community at the time got together and made the difficult decision to roll the chain back and rescue those stolen funds. The community was split on this decision and it resulted in a hard fork, thus the creation of Ethereum Classic. + +There is nobody serious in the Ethereum community that does not recognize the gravity of what took place there. Ethereum has since not had an incident anywhere close to that, and given how battle-tested it now is and how diverse the community is, I'm comfortable saying nothing like that can ever happen again. Building smart contract platforms is hard and they get more and more secure as time goes on, not less. + +&#x200B; + +TLDR: + +Original poster is severely underinformed due to too much exposure to maximalism. Ethereum is highly decentralized, highly secure, and highly scalable. +I apologize if this isn’t allowed to ask. I just started with this and I have out around $1000 today in a few different stocks. Is that not nearly enough? I just didn’t feel confident with anything today (if that makes sense) + +Thank you any help. I guess I’m just trying to justify my actions +Through a connection I've arranged to have a casual dinner with a PM of a hedgefund. I looked up his company and they specialize in options / derivatives to hedge risk. I'm not gunning for an internship or anything but I know only the bare minimum about options. What kind of questions should I be asking? My primary goal here is to learn and gain some insight from a brilliant guy. +[https://www.smh.com.au/national/the-bulk-of-gps-aren-t-overbilling-you-for-their-priceless-care-20221018-p5bqpk.html](https://www.smh.com.au/national/the-bulk-of-gps-aren-t-overbilling-you-for-their-priceless-care-20221018-p5bqpk.html) +All notes directly from u/Helpful_Egg2364. Thank you fellow ape for allowing me to post this! Their account is not old enough to post here. + +Link to the AMA: https://www.youtube.com/watch?v=2rJujnpKiqM + +\--- + +AMA: "reported SI is *garbage*" + +AMA - He believes there are 2 sets of books "like ENRON" + +1. through DTCC - audit trail +2. ex-clearing - broker to broker outside the SEC + +Everything is Fake News in the financial sector - the system is rigged + +\- From AMA - horses mouth +\-AMA: Bona Fide Market Makers - They have no actual affirmative obligations - just the privileges (from what I understand) + +AMA: Bona Fide Market Makers and Prime Brokers are center stage in the rigging of the system + +\- He speculates that this began in late 90's early 00's when DTCC purchased the NSEC (loan stock). + +\- Proprietary trading became the main business of prime brokers as opposed to IPO's and wealth management + +\- Proprietary trading in stock lending is really just "driving the company into the ground" as a business model- We're finding that we are rarely wrong about our assessment of the system. We may be wrong about specific moves and dates but rarely about how it all comes together.--- + +\- Confirming that the DTC is a self regulating body which was a good idea turned into a monster due to lack of enforcement. Electronic delivery is environment ripe for fraud. + +\- Require that stocks be delivered: This is lying, cheating, and stealing! + +\- He has never gone to trial on these cases because they typically settle to avoid airing dirty laundry. + +\- No lending shares more than once! + +\- Creating artificial supply undermines the entire mechanism of the stock market + +\- He has helped clients fight for a year to get their 10's of millions of shares. + +\- They are working on tools to identify when you are being delivered actual shares or counterfeit shares + +AMA: + +This is the same thing as a car owner xeroxing their car title and selling the same title 100 times. In that case they would be in jail but this is the *Cabal* + +DL: "too big to jail" + +AMA: they are preparing a major bench case! + +\- He is doing this for the principle + +\- Takes a gargantuan effort - "GOTTA BE STRONG AS APES" + +\- He likes us calling ourselves apes + +AMA: Good lawyers representing crooks. + +\-"do we want to be on the side of right or the side of wrong." To be on the side of truth "or those who lie cheat and steal" + +\- Their team (which notably includes DAVE) is tackling this hardcore!! + +AMA: + +DL: This is pretty much the first time this has gotten attention "AT THE TIME" of the short selling. The popular uprising is instrumental in making a difference in breaking this cabal's influence on the market + +WC: "I think this has the best chance of being successful." Referring to GME breaking the power of this cabal + +WC has successfully tackled stock manipulators, working with DOJ, FBI, etc. But the punishments for many of these cases are slaps on the wrists relatively speaking. + +AMA: + +WC: It will take massive amounts of people to show the bullies HF + Prime brokers proprietary trading desks (make money by you buying, shorting against you, and lending your stock!). + +\- The "investing public" can share information and fight this behavior. + +\- Use cash accounts, monitor that they are not being lent, keep an eye on what your pension funds do, and other changes of behaviors. + +\- This behavior by Prime Brokers and HF is not right, illegal, and impacts the bottom line of all investors. + +AMA: Synthetic Shares and Failures : MECHANISMS + +WC: + +\- only answers using publicly available shares + +\- they have been called rehypothecation, reverse conversions, etc. But he calls them popeye and whippy principle (give me the share and I will pay you next wednesday... which never comes) + +\- Results in dissemination of false info. Which they (proprietary trading desk) can show to their **internal compliance office,** who can show the **regulators,** + +\- Naked short seller asks another broker who will sell him some shares **which are marked long but are actually SHORT** + +\- Just strategies to buy them time so the compliance and regulators off their backs. + +\- Naked shorting is essentially a Futures contract to do something in some form of shares which NEVER GETS consummated + +AMA: + +\- I missed a bit to let my dog out. + +\- many of the trading platforms are just servers in a data centers (in NJ) making it easier to lie and harder to regulate + +AMA: + +WC: has seen firms using Large ITM options trading hands as a means to spoof the market + +\- A lot of favors between brokerages. They will sell each other options contracts which will last 90 days and then 2 days before will tear it up + +\- u/Itz_Ape *explanation:* A option seller can "neutralize" a sold option via buying it back. It looks like when time to "neutralize" sold options comes, they ask for a new option. Rinse and repeat. + +\- fails sometimes exist for years + +\- The mission of the bad people is to drive the price down so they can keep the cash + +AMA: + +To be certified as a "class" for a class action suit, you have to be "in the same ball game with the same bat" all **damaged** in the same way. + +Roundup example: All people were injured by the same company but were not a class because they were not injured in the same way (however changing because they are seeing that it leads to cancer (same damage)) + +AMA: Discovery process (GETTING INFO) + +\- Most cases have protective orders, so only parties (sometimes only the lawyers) can see them + +\- sometimes they get published by SEC or the parties on accident. + +\- They have ways to check public information with cross-sections of data but this often requires cooperation with the issuer + +\- Issuer contracts with DTC for certain services , such as a daily Position report to the issuer + +\- Daily position report will let you compare how the debits and credits are happening in comparison with what is happening in the market place + +\- Best way is for Issuer to contract with 3rd-party entity to "stock-track" + +AMA: Synthetic Shares voting over 100% + +\- WC has seen this many times in many companies - SOMETIMES OVER 200% + +\- over half of the 60-70 companies he has worked with + +\- THIS DOESNT EVEN TAKE INTO ACCOUNT THE PEOPLE WHO DON'T VOTE AND THE PARTIES ENGAGED IN THE NAKED SHORTING + +\- he has brought this up to legislators and bureaucrats and they talk big but do nothing. + +AMA: Impact of Synthetic shares + +\- Impairs corporate governance // company unable to carry out their basic functions + +AMA: GME RECOURSE FOR OVER 100% SHARES + +\- GME CAN SUE the parties (Direct Claims) + +\- Shareholders can sue the parties (Derivative claims) + +\- Corporation owes fiduciary duty to shareholders, NOT SUING CAN BE A BREACH OF FIDUCIARY DUTY BY CORP. + +\- CORPS WHICH DO NOT SUE OFTEN TEND TO GO TO $0 + +AMA: CAN SHORTS OFFLOAD THEIR SHORT POSITIONS ONTO NON-DTCC PARTIES? + +\- No answer + +AMA: + +\- Dilution is a damage -is compensable to various extents. + +\----- + +How helpful are Judges/DTCC when it comes to discovery? + +WC: You are dealing with PEOPLE. Generally: Harder to get discovery from judges in NY. State Judges take more interest in it, Federal judges less. + +\- KEY: be extremely precise with your motions to compel (discovery motion) explain why each document you are requesting is relevant to the trial. + +AMA: + +WC has been in the cause for 20 years. And he will be part of this until it is resolved or he dies. This cause is extremely important -- has the country and global economy at risk. + +He is open to do a part 2. +Bought in 2019 for $430k. Only put 5% down. Refinanced in late 2020 to 2.875%. I still owe $384k on my mortgage. + +Paid $100 for a broker price opinion through my mortgage lender. Figured it’s only $100, might as well take a shot. It worked and they took off my PMI, saving me $65 a month. +Or, your low risk / low reward investments... + +No Risk: +Online Savings/ Money Market - ~1.5% +CDs - 1Yr - ~2.0% +CDs - 5Yr ~2.5% + +Low Risk: +Bond Funds - ~1-3% +Other Mutual Funds? + +Higher Risk: +Blue Chip Stocks? +Hello, I just wanted to drop this critical piece of Due Diligence on everyone as quickly as possible to combat a form of FUD that has been developing on the Subreddit over the past 24 hours. I have written numerous pieces of DD, including the DRS Thesis and most recently an educational piece on share classifications. This will build upon that last DD, so I'd recommend checking it out. + +* [Dispelling the FUD surrounding Computershare / Direct Registration System (DRS)](https://www.reddit.com/r/Superstonk/comments/p3owe8/dispelling_the_fud_surrounding_computershare/) (August 2021) +* [Why I’m moving my shares to Computershare](https://www.reddit.com/r/Superstonk/comments/ob0m9w/why_im_moving_my_shares_to_computershare/) (Opinion / June 2021) +* [GameStop Shareholder List - The Final Catalyst](https://www.reddit.com/r/Superstonk/comments/nptiio/gamestop_shareholder_list_the_final_catalyst/) (June 2021) +* [ComputerShare's Positive Price Impact and Tracking Batch Orders](https://www.reddit.com/r/Superstonk/comments/ptu49w/computershares_positive_price_impact_and_tracking) (Sept 2021) +* [The Direct Registered Shares Thesis](https://www.reddit.com/r/Superstonk/comments/tpqcxs/the_direct_registered_shares_thesis/) (March 2022) +* [The Three Classifications of Shares](https://www.reddit.com/r/Superstonk/comments/zsyz68/the_three_classifications_of_shares/) (Dec 2022) + +The quotes contained in this DD are from the "GSC Holding Corps" initial S-4 filing with the SEC, [available here](https://www.sec.gov/Archives/edgar/data/1326380/000095012305006637/y09199sv4.htm). + +## The Creation of the Stock Ticker "GME" + +It was May 23, 2005 and GameStop was undergoing a merger with EB Games. A spinoff company was created to facilitate the merger, the name of the Company was "GSC Holdings Corp". As a colloquialism, they call this company a "Holdco". The Holdco was created purely to facilitate the holding of the companies temporarily until it could be converted into the permanent company. Here is a bit of background: + +>GameStop Corp. (GameStop) and Electronics Boutique Holdings Corp. (EB) have entered into a merger agreement whereby separate subsidiaries of a newly formed holding company named GSC Holdings Corp. (Holdco) will be merged with and into GameStop and EB, respectively, and GameStop and EB will become wholly-owned subsidiaries of Holdco. Holdco will be renamed GameStop Corp. upon completion of the mergers. + +Previous GameStop Corporation owners were divided into two classes of stock: + +* GameStop Corporation - Class A Common (NYSE:GME) +* GameStop Corporation - Class B Common (NYSE:GME.B) + +Owners likewise of EB Games, were divided into one class of their stock: + +* Electronics Boutique - Class A Common (NASDAQ:ELBO) + +The division of the shares meant that shares would be divided up in an asymmetrical method, each EB Games holder would get only a *fraction* of GME for each share of ELBO that was held, in addition to cash for the merger. While there were two classes of GME stock, they were not created equally. The GME.B (Class B) shares had a 10x voting power compared to Class A. They wanted the Class B shares to have more voting rights than the Class A shares after the merger to prevent Class A holders from overpowering the original GameStop holders. No EB Games stockholders would receive the Class B shares with the higher voting power. + +Here is how the shares were allocated: + +>In the mergers, Historical GameStop’s stockholders received one share of GameStop’s Class A common stock for each share of Historical GameStop’s Class A common stock owned and one share of GameStop’s Class B common stock for each share of Historical GameStop’s Class B common stock owned. EB stockholders received $38.15 in cash **and .78795 of a share** of GameStop’s Class A common stock for each EB share owned. In aggregate, 20.2 million shares of GameStop’s Class A common stock were issued to EB stockholders and approximately $993.3 million in cash was paid in consideration for all outstanding common stock of EB and all outstanding stock options of EB. + +After the merger, the company "GSC Holdings Corp" was to be renamed to "GameStop Corporation" and that is the company we know and love today. + +So at the end of May 2005, there were exactly two classes of GameStop Corporation Stock: + +* "Class A Common Stock" traded under the ticker "GME" on the New York Stock Exchange +* "Class B Common Stock" traded under the ticker "GME.B" on the New York Stock Exchange + +## What happened to the Class B stock? + +In 2006, [GameStop annouced](https://news.gamestop.com/news-releases/news-release-details/gamestop-corp-convert-its-class-b-common-stock-class-common) it would convert it's Class B stock to Class A, having only 1 class of stock issued. + +>Dec. 18, 2006--GameStop Corp. (NYSE:GME) (NYSE:GME.B), the world's largest video game and entertainment software retailer, today announced that its Board of Directors has approved, and recommended to the stockholders for approval, the conversion of its Class B common stock into Class A common stock on a one-for-one basis. The transaction is subject to the approval of a majority of the holders of GameStop's Class B common stock. + +This would be a 1 for 1 conversion, 1 share of "GME" (Class A Common stock) for every one share of "GME.B" (Class B Common stock). In the end only "GME" (Class A common stock) would exist. And here is why: + +>"A single publicly traded class of common stock will alleviate confusion that resulted from the dual class structure, and will eliminate the historical trading disparities between the Class A and Class B stocks," said R. Richard Fontaine, Chairman and Chief Executive Officer of GameStop. + +Basically, the two stocks were leading to a disparity in pricing. One stock was worth more than the other, though they should have been the same. Can you name any other stocks that have two separate tickers with wildly disparate prices? (🍿) + +After the shareholder's voted at a special meeting in February 2007, there was only one stock ticker left for GameStop: + +**"GME" (Class A Common Stock)** + +>The Company’s Class A common stock is traded on the NYSE under the symbol “GME.” The Company’s Class B common stock was traded on the NYSE under the symbol “GME.B” until February 7, 2007 when, immediately following approval by a majority of the Class B common stockholders in a Special Meeting of the Company’s Class B common stockholders, all outstanding Class B common shares were converted into Class A common shares on a one-for-one basis. (Source: [2007 Annual Meeting](https://www.annualreports.com/HostedData/AnnualReportArchive/g/NYSE_GME_2007.pdf)) + +## Down the Rabbit Hole... + +Did you know that GameStop has the ability to issue up to 5 million shares of "Preferred Stock"? + +As it turns out GameStop has a similar provision to a particular Popcorn company to issue shares of "Class A **Preferred** Stock" if they so choose. Thankfully they have not done that and have not considered doing that as far as we are all aware. This stock if created would trade under a symbol that is **not** "GME", if it trades on the market at all (not typical). + +This all came about also during the merger with EB Games: + +>As of the effective time of the mergers, the board of directors of Holdco will be authorized to issue up to 5,000,000 shares of preferred stock, 500,000 of which shall be designated as “Series A junior preferred stock,” in one or more series, and to determine the voting powers, preferences and relative, optional and other special rights of the shares of such series, and the qualifications, limitations or restrictions thereof. +> +>Subject to the determination of the Holdco board of directors in any certificate of designations for a series of preferred stock, Holdco’s preferred stock would generally have preference over common stock with respect to the payment of dividends and the distribution of assets in the event of a liquidation or dissolution of Holdco. +> +>Holders of Series A junior preferred stock are entitled to receive when, as and if declared by the board of directors of Holdco out of funds legally available for the purpose, dividends payable in cash on the 30th day of each April, July, October and January in each year or such earlier date in any such month on which dividends on the common stock are payable. +> +>Each holder of Series A junior preferred stock is entitled to 10,000 votes per share on all matters submitted to a vote of the stockholders of Holdco. +> +>In the event of a voluntary or involuntary liquidation, dissolution or winding up of Holdco, the holders of Series A junior preferred stock will be entitled to receive $1,000 per share, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared. After the full payment of the amount in the preceding sentence, no additional distributions shall be made to holders of Series A junior preferred stock unless the holders of common stock receive the Common Adjustment (as more fully described in Holdco’s amended and restated certificate of incorporation). Following the payment of the Common Adjustment, holders of Series A junior preferred stock and holders of common stock will receive their ratable and proportionate share of the remaining assets to be distributed, on a per share basis. + +If you bothered to read all of that, kudos. Thankfully GameStop has never had to issue "Preferred Stock" or "Junior Preferred Stock".. but if they did it would come with voting rights 10,000 times the power of a single regular share among other randomness. I just thought that was *interesting*. + +## Conclusion + +If you read all of that, you are now better educated on what GameStop's Class of shares exist, can exist and have existed in the past. + +The important thing to note is this: + +**As of February 7, 2007 there has been only one Class of Stock. "Class A Common" $GME.** + +And for confirmation of this, you can look at **any** filing GameStop has made to the SEC recently. Let's grab the most recent [10Q Statement](https://gamestop.gcs-web.com/node/19946/html) from Gamestop. The first thing, literally the first thing they must provide is a statement on their securities at the top of the page. Here is what it says: + +>Securities Registered Pursuant to Section 12(b) of the Act: +> +>Title of each class: Class A Common StockTrading symbol: GMEName of each exchange on which registered: NYSE + +There you have it. The trading symbol "GME" as traded on the New York Stock Exchange is a "Class A Common Stock". Plain and simple. + +Just a few lines down you have this statement from GameStop: + +>Number of shares of $.001 par value Class A Common Stock outstanding as of December 1, 2022: 304,578,070 + +So as of Dec 1, 2022 there were 304,578,070 shares of "Class A Common Stock" (GME) in existence. + +If anyone tells you that "DirectStock" or shares held at the DTCC are not "Class A Common Stock" or that only DRS Book shares are Class A Common Stock, they are telling you something that has no basis in reality. + +>As of October 29, 2022, 71.8 million shares of our Class A common stock were directly registered with our transfer agent. + +That is the number, as of October 29, 2022 that were "directly registered" with the transfer agent. Direct registration is only possible on shares that have been DRS transferred out of the DTC. This includes "DirectStock' holdings as per [Computershare's FAQ](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies). + +>Both forms of ownership record the names of the investor directly on the issuer’s register, where they are recognized as registered shareholders + +*(Shareholder = Securityholder)* + +Per the [Transfer Agent regulations in the Federal Register](https://www.federalregister.gov/documents/2015/12/31/2015-32755/transfer-agent-regulations): + +>A. Types of Security Ownership +> +>Under the current centralized depository model in the United States, there are two types of securities owners: (a) Registered and (b) beneficial. + +1. **Registered Securityholders** + +>Under state corporation law, certain securityholder rights commonly accrue only to those registered on the securityholder list and not to persons who may have an ultimate economic interest in the shares but who are not registered securityholders.\[[106](https://www.federalregister.gov/documents/2015/12/31/2015-32755/transfer-agent-regulations#footnote-106-p81956)\] Registered securityholders (who may also be referred to as “holders of record”) \[[107](https://www.federalregister.gov/documents/2015/12/31/2015-32755/transfer-agent-regulations#footnote-107-p81956)\] own and hold securities in “registered form.\[[108](https://www.federalregister.gov/documents/2015/12/31/2015-32755/transfer-agent-regulations#footnote-108-p81956)\]” + +And if you don't believe we're talking about the same thing, go right back to the [Computershare FAQ](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies): + +>**What is a registered shareholder?** +> +>Registered shareholders, also known as "shareholders of record," are people or entities that hold shares directly in their own name on the company register. The issuer (or more usually its transfer agent, such as Computershare) keeps the records of ownership for the registered shareholders and provides services such as transferring shares, paying dividends, coordinating shareholder communications and more. Shares can be held in both electronic (book entry) through the Direct Registration System (DRS) or certificated form (when permitted by the issuer company). + +&#x200B; + +Now if you do not believe any of this, I don't know what to tell you. You can look directly at your Computershare Portfolio page where it shows you the purple circle. You will see right there "GameStop Corp (GME) Class A Common" where the total number of shares includes both plan (if you have them) and "book" shares. IE: The count that GameStop provides in the 10Q includes "Book" and plan shares as they are all direct registered Class A Common Shares. + +&#x200B; + +[Computershare Portfolio Summary](https://preview.redd.it/l5vhgd48dd8a1.png?width=734&format=png&auto=webp&s=2a557eba1589b0f1b822bac794319637de4129bb) + +TL;DR: All shares of "GME" are Class A Common Shares. That includes all shares held in direct registration (including plan shares) and even street name shares held at the DTCC with brokers. If you see the ticker "GME" you are talking about "Class A Common Shares". + +&#x200B; + +# EDIT: + +So I think you will all see by the comment section of this thread that there is a contingent on this subreddit who believe in gaslighting the narrative to claim that this thread is "Anti-Book". At no point in time did this DD say anything to be Anti-Book. + +What this DD stated was in the purest terms is this: + +**All shares of NYSE ticker "GME" are "Class A Common Shares".** + +The question is why did this post even need to be made? That is because over the last 24 hours there have been a surge in posts that made claims that: + +* Only DRS Book shares are "Class A Common Shares" +* Shares held in Plan (or DirectStock) are not "Class A Common Shares" +* Shares held at the DTCC are not "Class A Common Shares" + +This DD explains succinctly what a "Class A Common Share" is and what the "GME" stock ticker means. It states that all shares of "GME" as traded on the NYSE are "Class A Common Shares". It combats the FUD that has been posted in the last 24 hours that were made to be "anti-plan". + +What you see in the comment section is called a "[false dilemma](https://en.wikipedia.org/wiki/False_dilemma)". It is in the most simple terms *"if you're not with us, you're against us."* My comments exist to clear up the uncertainty and doubt that has been pushed in regard to plan shares. This is not an inherently "anti-book" argument, it is in support of publishing actual factual information about plan (and all types of shares). + +The main takeaway should be this: + + +>If anyone tells you that "DirectStock" or shares held at the DTCC are not "Class A Common Stock" or that only DRS Book shares are Class A Common Stock, they are telling you something that has no basis in reality. + +That is the crux of the issue at hand. All shares, be it DRS shares, book shares, plan shares or shares held at the DTCC are: **GameStop Corporation, Class A Common Shares, NYSE Ticker: GME** +I have been trading credit spreads for about a month and would like thoughts on my strategy. I have been normally trading call credit spreads that are 2$ wide with the strikes above my resistance line. I stop out when the underlying breaks through my resistance even if it hasn’t gone in the money of my strikes. I either roll out or switch sides so I never take a max loss. the most I have taken as a loss was 30 percent. I started with $1000 and I am now at $3000 I use around half to all of my buying power per a trade and tend to average down in to positions if my thesis for the trade still stands. Normally the spreads are around 0-2dte. Delta all depends on where the market is and where support or resistance is. If it is farther out then I collect less money but that is what the market is giving me. Generally between .3 and .1 +As per title. + +If you see a Psychologist for issues like grief, anxiety/social anxiety, anger management or ADHD can it ever limit your career options? Has it ever happened to you or anyone you know? + +For example - are any of the above reasons ever likely to exclude someone from jobs areas like the Police, Emergency Services or Hospital work? Or anything else? + +Thanks +***This is a repost from earlier this afternoon. Some commentators referred to the fact that a few of my figures were incorrect. This is true. Some figures were wrong. I was in a rush and collating prices from the subtext of Google searches, which resulted in some oversights (as well as accidentally getting an Officeworks price for sugar, instead of Woolworths). I've now cross-referenced each line twice directly from the source sites. I appreciate the effort of prior commentators, but believe that the corrections have not changed my conclusions. Link to the deleted post for full disclosure and transparency:*** [***https://www.reddit.com/r/AusFinance/comments/segps3/the\_abs\_figure\_for\_the\_food\_component\_of\_the\_cpi/***](https://www.reddit.com/r/AusFinance/comments/segps3/the_abs_figure_for_the_food_component_of_the_cpi/) + +First, to preface this post, the reason why I'm writing on this topic is because of the increasingly heated arguments going on here between those that accept the CPI figure provided by the ABS/RBA and those that reject it. The intention of this post isn't to completely shutdown the assertions being made ABS/RBA, but rather to create dialogue. + +***Anecdotal evidence does not count*** + +Here on Reddit you can find countless posts across every subreddit (whether finance related or not) regarding the perceived increase in food prices. The consensus is that food prices have risen exponentially. Outside of Reddit, you will no doubt find co-workers, friends, and relations talking about the skyrocketing price of food. More broadly, you can also find journalists reporting directly from the ground, across the world (including some regions that don't even have internet) and interviewing people that have reported massive increases in the price of food. + +But none of that counts - it's all anecdotal. Like, the Dancing Plague of 1518 in Saxony, we are all victims of a mass psychosis in which we perceive food to be more expensive than it actually is. So let's find a way to overcome this psychosis. + +***The Basket*** + +Initially I began collating prices for a variety of groceries from archives. I decided this probably wouldn't be the best set of results to post since I would probably be accused of cherry-picking items that supported my hypothesis that food CPI is higher than being reported. + +Instead, I looked for independent sources that could give me a hypothetical food basket to use. I found one in the consumer advocacy magazine that I'm sure most of us are familiar with, Choice. In April 2021, Choice conducted a survey of a pretty average grocery basket and collected prices at various Australian supermarkets to see which were cheapest, with products of differing brands also being analysed (e.g., home brand, national brand, etc). Choice conducted this research in previous years, but some archived webcrawlers show that (i) the food basket in 2018 was different, and (ii) weights/brands, etc where not presented. As such, I chose to measure only from April 2021. But my research with my own 'foodbasket' using 2020 prices shows that the results are fairly congruent. + +The nice thing about the Choice food basket is that it mostly comprised of products that aren't really seasonal - e.g., bread, chocolate, crackers, frozen peas, canned tuna, tinned tomatoes, etc. + +Screenshot of basket comparisons to 2022 + +I decided to simply take the national brand basket from Woolworths and the budget basket for Coles. I avoided IGA because it's a franchise and Aldi because prices are hard to collect online. + +Woolworths 'national brand' basket: [https://imgur.com/a/qNUxTS6](https://imgur.com/a/qNUxTS6) + +Coles 'budget' basket: [https://imgur.com/a/hCe0AKs](https://imgur.com/a/hCe0AKs) + +***Results*** + +Assuming equal monthly compounding prices, the Coles budget basket's annualised inflation was 9.96%. The Woolworths national brand basket's annualised inflation was 6.12%. + +The Woolworths inflation figure would've been in the double digits had it not been for an expensive detergent that was reduced by more than $7. That is likely to have caused a severe underestimate since detergent prices are easy to cut. They have insane margins. + +***Wait - that's way too high!*** + +I'm already aware some of you are hunched over your keyboards, angrily typing away "you didn't measure the price of every item, this is bullshit - the number can't be that high". Well, well well. Thankfully we have sources other than the ABS or me (the random dumbass redditor). + +Interest NZ collects data on grocery prices in New Zealand and Australia. It's hypothetical basket is based on a nominal healthy food basket (using the cheapest price of the food item it can find) from the Good Food Magazine. [https://www.interest.co.nz/charts/prices/grocery-prices](https://www.interest.co.nz/charts/prices/grocery-prices). From 27 Jan 2021 to 26 Jan 2022, the price of the basket rose from $148.22 to $179.2. This is an annual rate of 20.90%. + +"Interest NZ is just some random website" I hear you shout in frustration, shaking your fist at the screen. It's OK, relax, take a breath. I have more sources. + +The Food and Agriculture Organization, an agency of the United Nations tasked with responding to food security produces a yearly, global index of food prices. Guess what they found? 28% annual inflation in food prices over the course of 2021. + +Annual food CPI of 1.9% is simply not possible + +At the risk of sounding overly self-assured, I believe there is a 0% chance that the cost of food only rose by 1.9% in Australia. + +How could the ABS be underestimating inflation? My best guess is that it's probably a result of some sort of sampling error. The ABS adduces the hypothetical basket of foods by analysing data from checkouts across Australia. Why does this basket have an inflation rate so much lower than other foods? I posit that it's because people, increasingly financially pressured (e.g., 70% of Sydney renters in rent stress), resort to picking the cheapest products on the shelf. This understates inflation for two reasons (i) the food basket automatically becomes cheaper and (ii) cheaper foods are likely to be highly processed foods that are not as susceptible to inflation because of their naturally high margins. As such, the ABS finds that consumers in Australia are only spending a tiny bit more on food. How surprising? The ABS should not be able to adjust the proportion of foods making up the weighting. It creates sampling bias that leads to a large discrepancy in the figures they are reporting and reality. + +***On the question of supply chains*** + +I won't say much here other than there's always an excuse as to why inflation is running hot - with pundits refusing to admit that low rates and QE have contributed to inflation. In his latest commentary on the markets, Aswath Damodaran, NYU Professor of Corporate Finance, and one of the greatest minds in value investing, had the following to say about supply chains being blamed as the primary cause of inflation: + +Initially, the high inflation numbers were attributed to the speed with the economy was recovering from COVID, and once that excuse fell flat, it was the supply chain that was help responsible. By the end of 2021, it was clear that this bout of inflation was not as transient a phenomenon as some had made it out to be + +Make of that what you will. This post isn't a debate on the cause of inflation. That can come later. + +For now, I wish to talk about why the ABS' CPI figure for food is so divorced from reality. +# Part 2 + +**2.1 The 2008 Financial Crisis** + +Fast forward to 2008 and this bad boy. + +[Bad Boy](https://i.imgur.com/RNnx9u3.jpg) + +We all know what happened in 2008. The banks put pressure on mortgage lenders to peddle as many mortgages as they could onto as many people as they could. Their argument… Everyone pays their mortgage. Wallstreet was buying up all these mortgage backed securities, MBS’s, and packaging them into a nice bundle called a CDO, slapping a AAA rated bumper sticker on the back and calling it a day. At the start of the bubble lenders could find reliable people to sell homes to like people with an income or a high credit score. As time went on the credit got worse as they had already sold houses to everyone with 800 credit score, so naturally as they went on the credit got worse if they were to continue issuing loans. It got to the point that they did not check income, credit, names, etc. Just sign here and the house is yours. Once the adjustable rates kicked in the defaults mounted and was about to wipe Wallstreet off the face of the earth. Deflation was setting in and an entire banking meltdown was all but unavoidable. This completely broke our markets and forced the Fed to take extraordinary measures in the form of Direct QE. + +At the time our Central Bank Chairmen was Ben Bernanke. Ben Bernanke was a student of the Great Depression and his only focus at the time was to prevent anther one from happening. He wrote something now called the Bernanke Doctrine. This basically explained how deflation can be avoided when using fiat free floating currency. + +[Bernanke Doctrine](https://en.wikipedia.org/wiki/Bernanke_doctrine?wprov=sfti1) + +For those that don’t understand what caused the Great Depression… massive money creation from all banks was being used to speculate on the stock market. They took stock prices as a given and lent with stocks as collateral (literally what Elon Musk just did for twitter). With all the new money in the stock market prices had to rise. When stocks prices collapsed the loans turned into bad debts. This froze the banking system and accelerated the decline by restricting the movement of money. The monster of deflation set in and the Central Bank failed to react. It DID NOT print money further speeding up the decline. The wave of bad debts exacerbated the credit crunch and money became scarce. + +[Great Depression](https://i.imgur.com/PAzUbjQ.jpg) + +To avoid the deflationary forces that caused the Great Depression, Ben Bernanke printed money. This is what we now know as today’s QE, or direct QE. The central bank bought all the bad debts on the banks balance sheet for face value, clearing the banks of the toxic sludge that was about to prevent them from lending. The issue was this bailout did not come with any demands like what the bailout money should be used for. Naturally, the investment banks turned around scott free and resumed investing using this hot money to buy up all the deflated assets. Inflation set in, but only on the assets the hot money was spent on. Housing suddenly started rise and the stock market began its historic bill run. + +These actions of the Fed also forced it to a switched to an “Ample Reserves” system for their FFR. In simple terms, they printed so much money there is no demand for it in the repo market. Before 2008 they would manipulate interest rates by increasing or decreasing the amount of money in circulation. Now the Central Bank manipulates the FFR with the Interest on Reserves and the Overnight Reverse Repurchase Agreement rates acting as cage around the target rate of the FFR. + +[Ample Reserves](https://i.imgur.com/H5wZ5uD.jpg) + +[Federal Funds Rate](https://i.imgur.com/PsUzdsN.jpg) + +Moving on to the years following 2008, monetary policy has become extremely easy. The FFR has remained near 0%, the Fed has been buying up the bad assets off the banks balance sheets continuously, and the Fed has also been putting downward pressure on Bond yields by purchasing a massive number of US treasuries off the banks. All of this makes it easy for business to thrive on CHEAP MONEY. It even gave birth to the mysterious “Zombie Companies”. + +Zombie Company - “Zombie companies are indebted businesses that, although generating cash, after covering running costs, fixed costs (wages, rates, rent) they only have enough funds to service the interest on their loans, but not the debt itself.\[1\] As such, they are generally dependent on refinancing of maturing debt for their continued existence, and may face solvency risks should interest rates rise or investors withdraw from further financing.” + +[Zombies!!!!](https://corporatefinanceinstitute.com/resources/knowledge/other/zombie-company/) + +Remember our little run over of bonds in the beginning of this journey? Putting downward pressure on the benchmark bonds and dropping the FFR allows business to finance their operations by issuing debt and taking out loans that are very easy to service. The 12 Years of QE has artificially kept yields down to spur growth in the economy, even if the business created don’t turn a profit and can barley afford to service their debts. The economy for the past decade has now been permeated with extremely fragile businesses vulnerable to rising yields. A rise in bond yields would mean they would be unable to afford new debt to service old debts and implode. + +Even more concerning is the amount of debt individuals have mounted on top of themselves. The low interest rates have helped draw out individuals to unknowingly leverage themselves to the gills. The easy monitory policy persuaded the masses to draw on credit to purchase assets even when the principal was often over the average persons annual salary. Homes become unattainable for the lower class. Rents take an increasingly larger pie of an individual’s monthly income. Predatory college debts drown the younger generations and hampers their ability to spend. The easy monetary policy drew everyone out of their homes at a time when savings where at record lows, and the ability to pay debts was dependent upon the next weeks paycheck always being there. People could essentially be classified as individuals “zombie companies” as their monthly income had been stretched multiple times over to finance even the most mundane purchases. This is why services like Klarna or Affirm have been rising in popularity… The everything bubble had been blown. + +**2.2 Covid 19** + +Enter COVID: + +Covid 19 and the Lockdowns did us in. This is the story of hyperinflation in the United States. + +In 2020, Covid reached the shores of the US and quickly spread across the country. As a new virus we knew little about spread silently through the population, fear was all pervasive. The economy screeched to a halt. Lockdowns killed demand overnight and a selloff in the stock market was gaining speed. The Fed had to act fast. The printing press was put into overdrive, the FFR was slammed back down to 0% from the measly 2.5% the Fed was able to regain, and yields on US treasuries hit the floor. The Fed opened the floodgates and let Wall Street know they could have as much money off the printing press as needed. Borrowing was made easier than ever. The party must go on, but one area wasn’t covered. The average citizen. + +Federal reserve response to Covid (start at bottom just before Covid) + +[Fed “Money Printing” Response](https://www.usa.gov/federal-covid-response) + +As jobs evaporated and business shut down, the chance a massive amount of people were going into default was a certainty. The over leverage public from the past 12 years of easy money had left Americans extremely exposed to the threat of deflation. This prompted a huge response from the Congress to pass bills amounting to trillions in aid to the average citizen and local business, bolster unemployment benefits, put college, rent, mortgage payments on hold, and issued forgivable loans (free money) to businesses. All of this was to stop the mass wave of defaults from washing up and Congress leaned on the Fed to finance a bailout of the population. The printing press was put into overdrive. + +“Helicopter money” + +[Helicopter Money](https://en.wikipedia.org/wiki/Helicopter_money) + +In comes Dr. Burry. + +[Dr. Burry](https://i.imgur.com/Gzy9xxY.jpg) + +The hot money and the pause on debt payments ripped off the doors of the economy and it roared back to life. Demand was revitalized while supply remained constrained. Bottlenecks arose. Prices began to rise. People began looking for higher wages. Businesses as a result have to raise prices further to adjust for the increase cost of labor. Staffing shortages ripped through the country. The wage price spiral had broken out. Hot money was everywhere with too few goods to soak it up. That extra money then found it’s way to the stock market. Everyone had began to speculate as the money was almost guaranteed. The exposure of a downturn to the average person became extreme. The Fed had pulled everyone into the frenzy. + +**2.3 Today** + +Today: HIGHLY SPECULATIVE + +We now sit at the tipping point. The announcement of QT from the Fed has tipped off Wall Street to start unloading their holdings of US Treasuries before the Fed joins in and sends the bond prices down and yields straight up. This will make the financing activities that kept the market upheld for the past 12 years too expensive and send business into default and layoffs will follow putting people into default. Uncle Sam is so leveraged that if yields rise the US’s default will be unavoidable. Any real change in interest rates or tightening of the money supply would send asset prices straight down to the floor. + +THE FED CAN NOT AND WILL NOT RAISE RATES IN ANY MEANINGFUL WAY. + +The Fed needs to crank on interest rates like crazy to get us out of this inflationary period. It needs a Volker Shock, but instead it knows this is unaffordable for everyone as he has let cheap money create an extremely unstable economy filled with unprofitable and over leveraged companies and over extended individuals, so instead it the Fed is saving face. + +The Fed is 100% lying to you. The 0.25% rate hikes on the FFR is not to fight inflation. It is trying to get more policy room (how well the Fed is equipped to responded to crisis), to help in the market downturn IT IS ITSELF ABOUT TO CAUSE. Rates need to be AT LEAST in the double digits to fight off the inflationary pressures, yet the Fed is hitting us with 0.25% incremental rate hikes every 2-3 months. + +This is what Dr. Burry means: + +[The Fed is Lying](https://i.imgur.com/ub9MLpg.jpg) + +The Federal Reserve is going to slowly hike rates sending markets into a tailspin just to revert course, drop interest rates back to 0%, and turn the printing press back on and print your money into the toilet. + +WALLSTREET IS NOW JUMPING SHIP. The market is sputtering, bond yields are going parabolic. + +The Federal Reserve has no choice but to keep printing. + +[Feds Balance Sheet Tapering Off](https://i.imgur.com/4tSE3gz.jpg) + +[Parabolic bond yield](https://i.imgur.com/qldFEta.jpg) + +[S&P500 Head and Shoulders](https://i.imgur.com/i0WNEL9.jpg) + +Just as the Market started to sell off Thursday into Friday (now into Tuesday) due to these reasons. + +Then Dr. Burry Tweets this ominous message: + +[I Tried](https://i.imgur.com/5WRNx0K.jpg) + +In a market crash… GME could moon. I’m not here to tell you it’s not. If you get one thing out of this… your money is not safe. + +Not a financial advisor: as he reduces his balance sheet the market will crash. The FOMC meeting is the in the first week of May. Yields will spike as he joins the selling of treasuries, interest rates on loans will follow in step. Corporate bond issuance will become much more expensive and unprofitable corporations will go bust. He can’t allow this. Quick QT, market crash, resume QE, print us to death. + +Not a financial advisor: + +QT moves: Puts on the market/ short positions or calls on Volatility products. UVXY (extremely risky leveraged product) will get juicy. + +Resumed QE moves: stocks will boom, it’s fake. Dump cash holdings for hard assets. Loans will be printed away so debt is cool. + +GME - we could see a massive dip with this. All the collateral used to finance the short positions will go sour, but initial moves could be nasty to the downside before MOASS. No FUD, just be prepared for a wild dip as it could follow the overall market before blastoff. Market mechanics have not changed, they are fuckin short as hell. So as you apes always know, if this crash manifests a dip it would be a good time to load up for cheap. + +BUY HOLD DRS VOTE. Love GME. FUCK THE FEDERAL RESERVE. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Like many who frequent this subreddit, I have cut my market holdings drastically. I started selling in February and had sold 80% of my +holdings by early March. I even sold shares I had held for over 20 years. I still hold 20% of my equity investments in two MF schemes. In +hindsight, I wish I'd sold them too. + +Now I have to decide when to start buying again. The first thing I'm doing is ignoring the advice from investment experts. They are hardly able to give unbiased advice. Their personal interest (or of the institutions they are affiliated with) lies in talking up the market and in making others invest. I haven't heard anyone on TV or print actually saying, "Sell everything." Much of this advice cites the past and how markets rebounded in such and such time in past crises and how it is difficult to time re-entry into the market or how it is difficult to know when the market has bottomed out. (Fundsindia has a series of very convincing articles along these lines.) But, even if one assumes it is disinterested, this advice is ultimately oriented towards not losing out on the gains when markets rebound. + +This crisis IS different. When was the last time much of the world was sitting at home, doing nothing? When was the last time all the schools around the world were closed? When was the last time Britain was going to have the worst financial year in 300 years? As for the virus, there is no cure, there is no vaccine. Some medical experts even say that there may never be a vaccine. Others say periodic lockdowns will have to be a fact of life for years. + +In such a situation, I do not care about losing out on potential gains, I just don't want my capital to erode. So I am out. + +I have parked all my funds in savings banks at the moment. Thankfully, I have an auto-sweep in/out facility with my savings account at my main bank (a big bank) so am getting some 6% of interest. Some other funds I have parked in the savings accounts of a small finance bank and am getting 7%. It is not worth the bother to chase slightly higher returns in liquid or short term funds. + +When will I start to invest in the markets again? My milestones are non-financial: when museums around the world are open again, when people can travel freely (albeit with medical or vaccination certificates), when sporting fixtures are again being held. Will I miss the market bottom? Yes, guaranteed. The market will start moving up before the my milestones are reached. Will I lose out on potential (hindsight) gains? Almost certainly. Unlikely but I may even have to buy at prices higher than those that I sold in February or March this year and make some losses. But -- and this is important --, in that case, I will know exactly how much those losses will be. + +If I start buying now and the market tanks further, as it very well could, I would lose potentially a lot. And the market could remain low for years. I don't want to take such a risk so I am staying out. + +I welcome your insights and comments. + +EDIT: I should add that this is the first time I've felt like exiting the market completely in my long investing years. In the past, I've remained solidly invested through all crises in the past 25 years or so. +When you open the Indian Stock Market screener and filter by long term fundamentals (Dividend Yield, Net Profitability, etc), one stock that usually turns up on top of your screen is the **REC** (Rural Electrification Corp). + +But considering that most of rural India is already electrified (at least as per recent GoI claims!), do you think there is much future scope for this company? + +Then there is also the talk of moving to more non-conventional energy sources like Windmills and Nuclear, do you think that will lower the prospects of Electricity companies? + +All in all, do you think REC is a good utility stock for a long term investment perspective (10-15 years)? +I recently got to know about Wint, they were the sponsor for a youtube video. + +I searched for it in the subreddit, and I found some really good discussion, but they are all a year old. +[Post1](https://old.reddit.com/r/IndiaInvestments/comments/o4z1ex/p010_11_yield_in_debt/) +[Post2](https://old.reddit.com/r/IndiaInvestments/comments/mp6jm6/has_anyone_here_tried_wintwealth/) + +I would like understand the situation now, and if anyone of you are invested in it and if its good to enter now? +I have always been peeved by the shortsighted decisions of people to empty out their EPF while changing jobs. It is not allowed under the regulation, but many people do it. They really damage the debt part of their portfolio by doing this. There can't be a better debt instrument than EPF - in the whole world! Though it is not very liquid, you can dip into it for the right things - like home purchase, education, etc. + +I have finished my active career and applied for settlement of my PF. It is handled by a trust. I got this email from them. + +&#x200B; + +" Would you like to informed that, As per the new rule from ITAT, the TDS applies @ 10% for the interest accumulated period from DOL (Date of Leaving) till settlement. + +Gross Amount            :  Rs. XXX /- + + INTEREST ON TDS  : Rs. y/- + +Net Amount                :  [Rs.XXX](https://Rs.XXX)\-y /- + +Kindly confirm, whether you will opt PF settlement or you can transfer amount to your current employer without TDS. + +" + +I love this, At least a few folks would avoid the TDS and do the right thing by transferring the balance to the new employer. +My return for AY2018-19 (ie. FY 17-18) was picked up for limited scrutiny and some additional information was asked on Schedule FA (Foreign Assets). The question was on one of the entries and admittedly my submitted information was ambiguous. (My company had multiple splits in the previous years and my RSUs with 1 company became multiple companies.) I submitted additional information - all online - and got the good news below. + +"ASSESSMENT ORDER + +1. The case was selected for Limited Scrutiny assessment under the E-assessment Scheme, 2019 on the following issues:- + +S. No. Issues + +i. Foreign Financial Interest + +After taking into account all the relevant material on record, an assessment is hereby made without any modification to the Returned Income and the sum payable or refund of any amount due on the basis of the assessment is determined as per the Notice of Demand. Appreciate your co-operation in the faceless e-assessment proceedings under the e-assessment scheme. 2019. " + +The 'Returned Income' is the technical term for the final taxable income that you declare. **In any scrutiny, it is indeed good news if the department agrees with you on this :-)** + +There is a slight twist though. There is a reference to the Notice of Demand, and there indeed is a demand. For a sum of Rs 2... - no I am serious. + +"Subject: Notice of demand under section 156 of the Income-Tax Act, 1961 + +1. This is to give you notice that for the assessment year 2018-19 a sum of Rs. 2, details of which are + +given on the reverse, has been determined to be payable by you. + +2. The amount should be paid to the Manager, authorised bank/State Bank of India within 30 days of the service of this notice. A challan is enclosed for the purpose of Payment. + +3. If you do not pay the amount within the period specified above, you shall be liable to pay simple interest at one per cent for every month or part of a month from the date commencing after the end of the period aforesaid in accordance with section 220(2). + +and some more statutory language + +" + +Luckily, some other part of the system checked this and there is no challan for payment, and there is no outstanding demand in the online portal. + +But overall, it has been a good experience, particularly considering the fact that there was some ambiguity in my original return. +Hey there, so i only recently discovered this sub, and fell in love with the idea, but heres the thing - + +I have around 250k saved up, my monthly income varies but let's say it averages around 4k a month out of which I'm able to save around 1k +Now, according to the 25 year rule i need around 900k for fire... Meaning 650 to go. +At a rate of 1k that's obviously impossible, but even if i get it up to 2k, or 3k, it'll take waaay too long. + +Now, given that I'm relatively financially *ok* I'm wondering how do all of you do it? Any advice you could give? Am i missing something? + +Edit: don't have the time to answer everyone but thanks so much! Definitely cheered me up realizing I'm on the right track. Gonna start working on saving up more to cut down FIRE time. Thanks! + +Edit 2; I'm 31 + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +My family has about 12 acres ranch in the heart of Montecito, CA which has gained in popularity the last few years with celebrities and princes moving into town. We had it listed for $62m but recieved no offers and have since taken it off market. We are in process of splitting the lot into 4 buildable lots of 3 acres each. A neighbor just south of us sold a 3 acre property with a large house on it for $40m plus about a year ago and our land has better views. Do you think it’s wiser to develop the 4 lots and sell them separately, develop one lot to make that one lot move in ready with the hopes to find one large buyer for it and the other 3 vacant lots, or just sit on it until we have a buyer buy it all and develop to their liking? + +We are leaning towards keeping it off market and increasing the price once the lot splits are finalized as this adds tremendous value. Any thoughts? +# IF YOU E-MAILED THE SEC AND ARE WORRIED, EVERYTHING IS OKAY! + +&#x200B; + +&#x200B; + +**Edit: TL;DR: Many apes e-mailed yesterday to SEC after reading a post about commenting on the rule immediately, because they did it for the greater good and they care about the people. Unfortunately, apes are worried if they were manipulated in doing so that could possibly affect the implementation of the rule and paint retail investors in a bad way. The answer is EVERYTHING IS FINE IF YOU DID THIS, from my reasonable belief.** + +&#x200B; + +I wanted to make this post for visibility and hopefully give some assurance to some of the apes that e-mailed the SEC and are worried about possibly delaying the rule because of what they did. **It is alright, and here is why:** + +**This was the letter template that many apes used to send the e-mail:** + +\----------------------------------------------------------------------------------------------------------------------------------------------- + +I am an individual retail investor and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801. + +I believe this rule - if enacted- is a step in the right direction towards accountability for those who engage in the short selling/stock borrowing program. It is time for an update to the current RegSHO closeout requirements and I believe that this SLD change in process from Monthly to Daily settlement is progress. + +I would like to see this rule passed and implemented immediately. + +Lastly on this ruling, I would like to see stronger penalties enacted for non compliance and violation of this rule. + +Thank you for your time & consideration in this matter. + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +People mentioned that flooding the SEC with these e-mails all of a sudden (since this was an event yesterday) could possibly delay the rule being put in place because they are required to read ALL these e-mails (a conservative number would be easily 10,000+ e-mails with the amount of apes there are), **but the SEC made it easier for themselves to read these:** + +[https:\/\/www.sec.gov\/rules\/submitcomments.htm ](https://preview.redd.it/5xk3j4rnf7s61.png?width=950&format=png&auto=webp&s=c95f1b725d75d5171fd897c0472b69f6c0b5ad98) + +Oh word, so they're saying **if there's a lot of e-mails that are identical, they take the first OG copy, and then just add up how many e-mails that were identical to that**. + +QUESTION: So how many did they receive of these e-mails (the letter template mentioned above?) + +&#x200B; + +ANSWER: **Over 9000.** + +&#x200B; + +&#x200B; + +&#x200B; + +[https:\/\/www.sec.gov\/comments\/sr-nscc-2021-801\/srnscc2021801.htm Edit 1: Trimmed the webpage for visibility](https://preview.redd.it/1djm9s79x8s61.png?width=966&format=png&auto=webp&s=b9be310e4da4641dff038160a0b7bfaf1ecdefa7) + +&#x200B; + +[Hey! That's the letter!](https://preview.redd.it/tocdm8m2g7s61.png?width=664&format=png&auto=webp&s=e44ffcb765b479f1d72d056728d27e6a28aff439) + +The SEC (so far) has read, and publicly stated that they have counted **9,332 of these letters.** + +Earlier in the morning, I remember visiting the website and not seeing these letter types on their website before. What that means is; either I was blind as hell and just missed it point-blank, or that they updated it during the day. Is this the final count or is it still updating? I don't know. I'm just a dumb ape :/ + +&#x200B; + +**Conclusion: I believe everything should be okay. Don't take my word for it. Do your own DD and research. I did mine up top and shared it with y'all. This is not any type of advice.** + +&#x200B; + +Edit: credit to u/GimmeGimmeGME + +https://preview.redd.it/im37jprvnas61.png?width=1044&format=png&auto=webp&s=a155ea5da16157183920a276c770244f962e7eda +Does anyone have any tips or advice for how to feel more comfortable making large purchases, when you have been so used to avoiding splashing out large sums? + +I’ve been considering buying myself a PC for a while and found one I really like - https://www.ebay.co.uk/itm/304314327386 + +It’s a large amount of money on something non-essential, and I haven’t really made a purchase this big before for a hobby rather than necessity. I am in a good financial position, and have followed the flowchart since getting my first post uni job a few years ago. Affording it isn't the issue. It’s more of a mental block, to allow myself to spend like this. +So I currently have everything spread out at Fidelity, Schwab, Merrill, IBKR, Vanguard, and Etrade (\~$2M/ea). Fidelity gets me better IPO access but are there any other firms that have benefits for consolidating there? I imagine for access to private equity or VC you'd have to have MS or GS or some advisor manage your money and I'm not fan of wealth management fees and not a fan of that level of risk. + +But are there any nice perks like for credit cards or travel (like automatic status)? I remember Fidelity had a card with some cash back but BofA offers a nice preferred honors bonus that I already have. +I am a finance consulting manager at one of the Big 4 firms in Canada with around 10 years of experience (not all with Big 4) I am curious to know if any members of this community managed to fatFIRE after spending time in a similar role. What was your exit opportunity? What would you advise someone in my position to do? Thank you wonderful people! +Anyone else look at their retirement number and keep increasing it? + +We live in a HCOL area and I just ran through our NW statement. Married with 3 kids under 5 years old. Wife is in medicine and I am a partner in a real estate firm. Currently our NW is around $4mm which is comprised of $500k in retirement accounts, $150k in college funds (kids are dual citizenship with Canada so hoping they go north for college), $400k in home equity and the rest in taxable accounts/cash. Aside from this, the value of my carry in real estate deals, even amidst this recession/depression, is pre-tax low eight figures ($11-14mm). Since this is is a highly leveraged position (I only make money if my investors make a pretty darn good return), I usually don’t count the carry in my NW until it converts to cash. + +The thing is, my number used to be $10mm but now I find it growing to $15-20mm in my mind partly because I want to increase our lifestyle at some point (we basically live off of $200k) and because I want to make sure I have plenty of cushion so I never have to go back. Anyway deal with this? +Dad passed away this last Sunday in the ICU after many years of battling heart failure, kidney disease, diabetes, and other slew of medical issues. He was 82 (I’m 26 and he had me at 55). It is my mom and my two half-brothers. + +Dad passed away without a will but had a life insurance plan of about \~$60k with my mom being the direct beneficiary. Dad's funeral and burial will cost about $18.9k, and Dad has two credit cards totaling $18.2k, leaving the final payout to my mom of \~22k, excluding pending medical payments from Dad's hospital stay. + +Both of my brothers will not dispute that all of the assets should go to my mom. The synopsis of this post is to figure out how to reduce debt payments that need to be paid from the estate and the next steps with probate or what to do. I have no idea what I'm doing and am trying to reduce the financial burden on my mom. + +Any advice? + +Thanks all, + +Grieving Son +Have a loan of 950k on our home. Wife and I are on 280k combined income but we have two kids under 4 in childcare 4 days a week so disposable income is not much at the moment. + +We're considering just locking in the rate for a year at 5.77% since it looks like these rises are doing F all to curb inflation and energy prices are just going to keep going up in the short term so taking out the uncertainty of monthly rate rises will do a lot for our psychological wellbeing. We can afford to service at 5.77% but higher than that it could get iffy. +I have about $650k after taxes on hand after a recent business transaction that I need to keep liquid for various legal and business reasons. Since I can't invest this money directly in stocks (I may need to recall the entire amount with 3-5 days notice), I need to find the best place to keep it that will at least match inflation and at best get me a decent return. So far, the best I've found are Marcus or Wealthfront's 2% or 2.35% cash accounts, but I'm wondering if there are any other short-term bond funds or some other structure that could allow me to earn a bit more over the next year. Has anyone here had to park a large amount of cash for a year or more? +As all of you guys know, the degenerative market is here and the yield coins are exploding. I've already traded several yield farming tokens but Walnut Finance really stands out. + +At the beginning I thought it was a MEME coin because of the low quality website and token name (I mean WTF its kind of hilarious) but when I got to know the project I thought that this one is actually nuts and innovative yield farming project. + +Pros: + +-WTF has a total supply of 100k and with each transaction(buy or sell) it burns 1%, it has been only 2 days since it went live and it has already burned 6K+ tokens. + +-WTF has a market cap of around 1 million so has a ton of room to grow ( with token burn and more volume this token could do an easy 10x or more) + +-Liquidity locked 1 year and no mint function. + +-Different than YFV, SUSHI, or other yield farming tokens where you can liquidity mint with a bunch of different coins and increases inflation rapidly, in this protocol you need to have WTF to farm WTFv2 that is coming out soon. V2 will have a 5000% Apy that halves every 14days making WTF the key to open WTFv2 increasing the value of both of the coins cause of the deflationary system. + +-No whale presale buyers, only 30 people in presale maxed out at 1 ETH each. + +-Only 4 presale buyers still holding. + +-Just listed on Coingecko and will be listing on Coinmarketcap soon. + +-Because of yesterday market dip WTF dropped from its insane run up to $43 to $14 so is a great time to buy the dip before it goes up again. + +Cons: + +-Website definitely has to improve, the good news is that a new update is coming and website will completely revamped. + +-Not audited, but because WTFv2 is a new kind of protocol Audition will be done in the short term before the release. + +Conclusion: + +-This one is definitely a gem for me in the yield farming space, has a loot of room to go low burning supply, its new, innovative, the protocol is unique and the APY is very good. The system not only gives good returns but increases the value of the token making it more scarse, WTF its not just a copycat of the hundreds of new YFxx, its something else. + +-The weaknesses that it has makes it more bullish for me, because factors like the website and lack of audit will get approached in the short term and the expectative will increase leading to price pump. + +-Great time to buy due to yesterdays market dip and great room to go due to low marketcap and its recent creating. + +DEFINITELY A POTENTIAL CRYPTO MOONSHOT. + +Always DYOR + +THIS ONE ITS NUTS. JOIN THE SQUIRREL ARMY. + +Search in coingecko and join telegram for further information. +The more and more I'm learning about the big players in the overall finance industry, more and more concerned I'm getting. + +- Has any of the successful people remained perfectly clean throughout their career? All these people like Rakesh Jhunjhunwala or Rajiv Khanna etc. it's hard to believe they never had any insider information or they never turned a blind eye towards something "wrong" somewhere. I hope I'm able to articulate this well. I come from a very simple family and it just scares me to jump into ~~a mudpool~~ unknown waters. + +- What if the I find that I have invested in a company that is not completely ethical in terms of professional practice? + +- Should I stick to my services sector? Where you earn by working more and bit smart but stay "poor" compared to real rich people? + +Doubts creep up. I know this sub is full of people who are professionals in finance and know how it is on the inside. I know it's too early to give up but any advice will be appreciated... + +Edit: Wording +Let me begin by congratulating all RIL investors as the stock has seen excellent appreciation in recent months. It is a giant cap, so I believe there would be a lot of RIL investors in this sub. How had you convinced yourself to buy this stock? Are you still bullish and ready to hold? What are the reasons for your decision? +Considering that INR has been losing value over the past year, and might continue doing so in the near future, is the sovereign gold bond scheme a better option than FDs? + +https://zerodha.com/gold/ +I am sure that the leading headlines would miss the timeline of the raise. Here is an example: [https://www.livemint.com/companies/news/salaries-increase-for-top-mutual-fund-ceos-11588494980888.html](https://www.livemint.com/companies/news/salaries-increase-for-top-mutual-fund-ceos-11588494980888.html) + +Please note that these numbers are for 2019-20. AMCs disclose the salary structure after the FY ends. The figures for FY19-20 have been disclosed now. This is interesting to read, but of little news value. What would be more interesting are the internal changes in 2020. +Cant be too good for the economy. I dont know how accurate averages are, but consumer spending will probably drop by a lot in the next several years, or wages will have to increase. +If you have high school or college students who are working and earning taxable income, you can contribute to a Roth IRA for them. The limit is the lesser of $6,000 and their taxable comp for the year. So, for instance, my 19-year-old earned $4,000 at her jobs in 2020, so my wife and I will put this amount into her Roth before 4/15/2021. Great way to start building a nest egg for a responsible kid. +I have about 2000$ and I live in a very poor country, it took quite a while to get where I am so if I could earn like 10 dollars a day I on top of my day job I might legit not need to work at all. How can I do so? I started looking into the stock market a month ago and just recently actually started investing but I might need more guidance. +my dad works at a senior care facility as a janitor. he has diabetes, high blood pressure, and he’s a smoker so he would very much be considered high risk. he’s terrified & wants to quit but quitting wouldn’t allow him to apply for unemployment benefits. his work place doesn’t have an HR department that he can contact so we’re just not sure what to do. would it be in his best interest to continue working there but look for a new job in the meantime? I’m not sure if there’s any assistance we can look into. we can���t afford for him to lose his income. any advice welcome. +Here's my portfolio: + +* 60% VTI +* 15% QQQ +* 15% VXUS +* 5% BND +* 5% JEPI + +I'm young (30+ years out till retirement). My goals are to maximize wealth for the long-term. +>The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.2 percent in March on a seasonally adjusted basis after rising 0.8 percent in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment. +> +>Increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase. The gasoline index rose 18.3 percent in March and accounted for over half of the all items monthly increase; other energy component indexes also increased. The food index rose 1.0 percent and the food at home index rose 1.5 percent. +> +>The index for all items less food and energy rose 0.3 percent in March following a 0.5-percent increase the prior month. The shelter index was by far the biggest factor in the increase, with a broad set of other indexes also contributing, including those for airline fares, household furnishings and operations, medical care, and motor vehicle insurance. In contrast, the index for used cars and trucks fell 3.8 percent over the month. +> +>The all items index continued to accelerate, rising 8.5 percent for the 12 months ending March, the largest 12-month increase since the period ending December 1981. The all items less food and energy index rose 6.5 percent, the largest 12-month change since the period ending August 1982. The energy index rose 32.0 percent over the last year, and the food index increased 8.8 percent, the largest 12-month increase since the period ending May 1981. + +&#x200B; + +[https://www.bls.gov/news.release/cpi.nr0.htm](https://www.bls.gov/news.release/cpi.nr0.htm) + +&#x200B; + +[https://www.bls.gov/news.release/cpi.nr0.htm](https://www.bls.gov/news.release/cpi.nr0.htm) +UPDATE 1: + +I have reviewed the trust documents, which I really should have done before posting. The 2nd wife does NOT have life tenancy. The trust states my FIL has life tenancy until he passes. Then below that section is has this: +**"2nd wife's full name" may stay in home for a reasonable amount of time after "FIL's Name" passes. + +Well that's a clause you can drive a bus through. There are no funds designated in the trust. Just the home. I **mostly believe** 2nd wife will want to leave the house within 6 months, but don't trust her. And who do you think is going to cover the cost of expenses in those six months? Yeah, my wife and I. + +My wife is realistic that her sister isn't going to do anything to help out financially or maintain the property. A bit of good news is I know the roof is less than 5 years old and the whole place is well maintained; one thing my FIL did right as owner of it. My wife thinks if we take on all the financial and maintenance responsibilities that we have more of a right to it's use. I know we legally don't. Unless we have a contract with my SIL, her and my wife will always be 50/50 owners, even if my wife just paid off the mortgage outright. + +I'm well aware that consulting a lawyer would be the prudent thing to do. All of you saying that probably haven't gone through a situation like this; consulting a lawyer about your inheritance when your father is dying will be the last thing on your mind. Else if you do, you are afraid how it looks to others when they find out and you tell them about it. You fellow inheritors (siblings, cousins, whatever) think you consulted a lawyer to try and get more than what is yours. People do go fucking nuts when they are emotionally distraught over a loved one's passing and money is being handed out. I have seen it several times within my social circle. My wife is reluctant to bring a lawyer into the situation because of how it might be perceived by the SIL or 2nd Wife. My wife tends to be a pragmatic, logical person, but she was a daddy's girl growing up and his illness has brought some extreme emotional distress. Anytime I try to discuss this whole problem with her, she becomes overwhelmed and frustrated with me regardless of how I approach it. + +tldr; I'm seeking info about how to handle refinancing a mortgage on a property soon to be inherited by my wife and her financially irresponsible sister. It's a property we want to keep since it's been in family 3 generations. I need help with the following questions: +1. When it comes to refinancing, how might my sister in law's shitty finances affect the outcome? +2. How should we use a $100k life insurance payout to help augment payment of the mortgage? One lump sum before refinancing to reduce remaining mortgage or to buy us time, using it for monthly payments, until sister in law gets her act together to help out financially? +3. The FIL's 2nd wife gets to stay in home as long as she wants after his passing, despite it going into my wife and her sister's names. How do we ensure the 2nd wife helps with mortgage until she leaves the home? + +EDIT: made an edit below to clarify who are beneficiaries and who are trustees of the trust. + +LOTS OF DETAILS BELOW: +My father in law is terminally ill and will pass his home to my wife and her sister. It's a nice beach cottage that we want to try to keep since my wife and her sister will be the 3rd generation in family to own it (re: sentimental value). I have only been a part of a few discussions about this and know probably 90% of the details. My wife and her sister will look at me to eventually help with all the financial aspects of this inheritance because I did all the mortgage research, purchase leg work and manage a rental property my wife and i own. However, the sister in law here adds complexity to all that + +About the home: It's worth close to $1 million and is located on the water in a beach town. It's a nice beach cottage that my FIL and his second wife have been living in full time for last 8 years. Upon my FIL's passing, the home will be placed into a trust. His 2nd wife and his sister are the trustee; my wife and SIL are the beneficiaries. The home has about a $240K mortgage left on it with a $2900 monthly payment. Taxes are $11K annually. My FIL also has a $100k life insurance policy payout that will go to my wife and her sister; he has been pretty clear this is to help with the mortgage left on the home. + +My wife and I make great salaries but are not in a position to pay $2900 per month for this home. We rent a vacation property in VT that we hope to use for ourselves someday when we have kids in addition to living in Boston and paying a ton of money for rent. We are financially comfortable before inheriting my FIL's home. + +My wife's sister is a different story. She's younger than my wife (27 years old and 31 years old), still lives with her mother, after having to move out of her boyfriend's place after a nasty breakup. She is about to lose her job at an insurance broker because the work environment is toxic and she suffers from some anxiety issues that cause her mental anguish by high stress situations. She has a degree in art. I try to be empathetic to her situation in life, but do not want any legal or financial ties to her (nor does my wife). She's a disorganized, impulsive person who can't manager her own simple finances. She believes the $100K insurance policy is free money to be split in half with my wife and then spent however they want to; she does not see it as a way to help with the house. When you try to help her with them, her anxiety takes over and she flips the fuck out...really not a person I want financial ties to and not someone who is any position to help with mortgage payments. + +When this house and mortgage come to my wife and her sister, they (and now me) are on the hook for the mortgage. We will have to refinance to be able to afford it. And here's more shit to add to this pile: the 2nd wife gets to stay in it after my FIL passes until she decides to leave. The 2nd wife shares a lot of the same traits as my sister in law: terrible with money, impulsive, and suffers from anxiety issues; she's 57 and "retired" when my FIL did and refuses to go back to work in financial product sales which was a well paying job (6 figures). Oh, and the cherry on top of this pile, her daughter from her previous marriage is a 23 year old heroin addict and has a 15 month old baby that the 2nd wife is forced to take care of. The heroin addict daughter is not in the home, but in and out of rehab centers. + +So, I need to help my wife and sister figure out how to make this all work. My wife and I are willing to maybe move into the home for a time and suffer through 1.5 hour commutes. We also could rent the home out and do very well covering the mortgage, but can't rent it while the 2nd wife is occupying it (with a toddler). Wife and her sister will not sell home (which I think is the best plan) because of the sentimental aspects. Any other advice besides the questions up top is also welcome if others have had similar experiences. +GameStop was getting a lot of backlash for allowing one of it's creators to sell a NFT titled falling man which showed an astronaut falling and was a reference to one of the most iconic photos from 9/11 terrorist attacks. + +&#x200B; + +https://preview.redd.it/az54yfafnkd91.png?width=566&format=png&auto=webp&s=2254501d7f398a9b94d4c8172c599c95bbfed784 + +The company probably received the backlash because of how the marketplace operates. + +> “This one probably fell from the MIR station,” says the NFT’s description, referencing Russia’s decommissioned space station. The artwork’s creator is selling two different versions of “Falling Man,” with the cheapest listed at 0.65 Ethereum or about $990. As *Web3 is Going Great* points out, GameStop operates a curated NFT marketplace. Artists must apply and pass a vetting process before they can list their tokens for sale. The company takes a 2.25 percent cut of sales. + + The Falling Man NFT is no longer listed on GameStop's marketplace. In a [direct message](https://twitter.com/WanderingStrngr/status/1550983977221210116?s=20&t=UNJtJhj55Gh07n8tdyJWzg) to one individual, the company said it was taking action against the creator of the NFT. "This NFT will be removed from our marketplace entirely," the company said. "This user has already had their minting ability removed from their account, and we have already been in direct contact with the creator about these actions." + +&#x200B; + +https://preview.redd.it/av5z1dl4okd91.png?width=384&format=png&auto=webp&s=a6836fc57967d2ddc0a836e322d8032e18e1bb82 +Dubai has to be the next top contender for making Bitcoin legal tender. Here are a few reasons I could think of as to why. + +1) Their currency is stuck pegged to the US dollar which with inflation rising is horrible for them, they need an alternative to use along side their existing currency. + + +2) They have no capital gains tax or income taxes so no friction in terms of adopting Bitcoin. They are not losing any tax revenue by making it legal tender. + + +3) Dubai loves PR and marketing itself and this would be the best PR stunt they could possibly do. The entire world would be talking about them. + + +4) Their population is 95% immigrant expats, and of those expats most send remittances home to their families overseas, Bitcoin would make remitting money far easier for their residents and their residents families. + + +5) Dubai is a tourism based economy so allowing tourists to travel there without having to worry about cash or travel cards or currency exchange desks or credit cards would make life easier for tourists who would need nothing but a lightning wallet to be able to pay for everything in the country. + + +6) Dubai has proclaimed themselves as being the city of the world so they should then adopt the worlds one truly global currency. + + +7) They have an efficient government that could roll out lightning wallet support for merchants and residents extremely fast. + + +8) Dubai wants to be the worlds most futuristic city so they should therefore adopt the worlds most futuristic currency. + + +9) Making Bitcoin legal tender would attract the worlds fintech entrepreneurs and they want Dubai to become a technology hub where businesses headqarter their operations. + + +10) Their Sovereign Wealth Fund already invests in Bitcoin and the crypto ecosystem. + + +11) Solar powered miners in the middle of the desert with sun 360 days of the year could be a fantastic revenue generator for their government. + + +12) Dubai has ubiquitous usage of wifi and 4G data everywhere and every single resident has a smartphone so there's no technological barrier to adoption. + + +13) Bitcoin as legal tender would attract the crypto rich crowd looking for a pro Bitcoin country to live in, and Dubai always wants more wealthy residents to move there. + + +14) Dubai has a culture that loves Gold meaning they have a culture that truly appreciates sound money principles, so bitcoin fits in perfectly with their existing cultural ideals. + + +15) Dubai has a small and extremely efficient government which they are always looking to make even more efficient and more automated. Bitcoin allows instant money flows between all government departments and staff in a programmatic manner. + + +16) They have a value added tax and VAT collection could be completely automated with Bitcoin. Merchant terminals could be programmed to automatically send VAT to the government in real time as each transaction happens, effectively automating tax collection making life far easier for both the government and businesses. + + +17) Dubai loves being the first to adopt new tech and they take pride in doing everything bigger and better than anyone else. The same will be true of Bitcoin. + + +I don't think Dubai would let this opportunity pass them up while places like El Salvador and other central and south American countries take all the benefits of tourism immigration and business creation. If Dubai doesnt make Bitcoin legal tender this year they are letting other countries get a huge head start on them. + +I believe for all these reasons and more Dubai will announce bitcoin as legal tender before the end of 2022. +Gamestop is up a whopping 35% right now, pricing them at above pre-crash levels. This sort of makes sense -- they are doing at store-pickup, and people have a lot more time for video games. Would you guys place puts? + +Frankly I'm tempted to just sit on my hands for the time being + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +As many of you already know, as of March 2018, [ING will require you to not only deposit $1000 each month, but also make 5+ debit card purchases each month to earn the bonus interest.](https://www.ing.com.au/savings/savings-maximiser.html) Many people here (including myself) do not make transactions with a debit card, and prefer to put everything onto a credit card and pay the balance off each month. + +Some may ask why we choose credit over debit, and there are several advantages. Protection against fraud and dodgy purchases, rewards/flybuys points etc, and easier budgeting are some of them. + +ING's inclusion of this new policy means I will be switching to another online bank (for example Ubank). I never use my debit card and do not want to feel pressured into using it or face losing hundreds of dollars in lost interest per year. ING have made some baffling decisions in the last 12 months, and will likely make more in 2018, so I am getting out now and saving myself the hassle. + +Thoughts? +The US savings rate hit an all-time high of 33% in April, up from 12% in March and about 7% last year, in the latest chart to show a ridiculous jump in the data due to this crisis. + + [https://www.cnbc.com/2020/05/29/us-savings-rate-hits-record-33percent-as-coronavirus-causes-americans-to-stockpile-cash-curb-spending.html](https://www.cnbc.com/2020/05/29/us-savings-rate-hits-record-33percent-as-coronavirus-causes-americans-to-stockpile-cash-curb-spending.html) + +Obviously, this is bad for the economy since it means people aren't spending, but I thought this was an interesting case study to the oft-asked question, *what would happen to the American economy if everyone saved 30-50% of their income?*, which is typically cited as a baseline saving rate for FIRE. Seems like for FIRE to work we need only a small % of people to be on the FIRE track and the rest to be spending to make sure the economy keeps growing. +I think that we can finally say that there is a pretty clear bubble, more or less in different areas. The market has been acting absolutely wild as everyone can clearly see. People are pumping stocks for fun and that is worrying me a lot. If things go south, how big of a reaction will there be in the entire stock market? + +Gamestop, Blackberry, AMC, Nokia have been pumped really heavily and seeing 100% gains in a single day for no reason should warn us to be alert at all times. Especially now, when many of us haven’t experienced this ever before in this big of a scale. + +While I’m really liking how the retail investors are kicking the hedge fund managers’ asses, we all should be prepared for the worst. Once people start to realize their gains and start to sell, we’re in for a wild show. And that moment will come sooner or later. That’s just a fact. People will want money at some point. When that point comes, you should have probably sold and gotten out already. + +I don’t like to be bearish, but I’d say that there’s a some kind of a bubble now and it will affect all areas more or less. + +Fundamentals are literally trash for people. Microsoft and Apple released some staggering all time high results yesterday and only few people seemed to give a damn about it, at least in this sub. I wonder when we’re gonna go to a different direction and pivot towards a more fundamental orientated market. It could take a long time, or it could happen next month. + +Because in the end, the companies with solid fundamentals and consistant long term growth will be the ones that will perform in the long term... + +...But this is a different topic which needs to be discussed on a later date. + + + +The saddest part of this is that the ones who suffer from this, will be us, retail investors. People will think that Gamestop, AMC & Co will only go up. That is unfortunately, not the case. + +And I’m fearing that some of us will realize that too late. Some people have bought stocks with debt and this will bite heavily in the ass, when these meme stocks go down hill. And trust me, they go down quicker than up. + +People’s mental health will be on the line, when they see their brokerage accounts heavily in the cold. This is my biggest worry. How will people react to this when things go south and GME drops from their current levels. + +So all I’m asking is for people to be wise with their money and put in an amount that they’re comfortable losing with. Stocks do go down. GME goes down. And everyone should be ready for it at all times. + +Thanks in advance. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +From CNBC: "Hertz Global Holdings warned potential buyers in its common stock offering that it’s almost certain that the equity will become worthless" + +https://www.cnbc.com/2020/06/15/hertz-says-it-expects-stockholders-to-lose-all-their-money-in-filing-for-selling-more-stock.html + +Meanwhile Robinhood investors holding shares of Hertz is currently, 171,632 compared to 43,494 on 5/21 the day before they filed for bankruptcy, a 295% increase. + + +https://robintrack.net/symbol/HTZ +Guess the time of Dinosaur conmen is over. Fancy suit, bordeux glass fart sniffing financiers have defrauded the world... just google the GDP of the earth and then look up the size of the derivates market. I wanna vomit. Fuck the CFTC. + + +Firstly, I'll lay down the pipe with a tinfoil understanding of exactly what is unfolding either by design or by nature. + +1. I don't know where it all really began, so let's start at 2008. +2. The original blockchain coin was created following the 2008 collapse of the financial markets. +3. Stuff Happened +4. Sneeze of January 2021 +5. Got enough actual sentiment behind uncovering the fuckery behind capital markets that millions of individuals grew a certain disdain for our current banking system and market structure. +6. Insider Trading Scandal in regards to Congress frontrunning COVID and special interests deals. +7. October 2021, DOJ DAG Lisa Monaco makes an address on Corporate Malfeasance and White Collar Crime ([https://www.youtube.com/watch?v=Cbji7-w44l4&t=230s](https://www.youtube.com/watch?v=Cbji7-w44l4&t=230s)) +8. Corporate Media Buyouts for over 19 Months fucking shitting on stocks with severe veracity. +9. Follow up to DOJ DAG Lisa Monaco on addressing white collar crimes NO MORE FINES, TIME TO DO TIME. Things have changed and I know a lot of people are hesistant to cheer until they see action, but oof. I feels it in my nads. ([https://www.youtube.com/watch?v=LLtCTEjjSxU](https://www.youtube.com/watch?v=LLtCTEjjSxU)) LOL at Dennis Kelleher from Better Markets in the first few seconds ;) +10. The following day the WHITE HOUSE addresses the possibility of a CBDC - Central Bank Digital Currency :O ([https://www.whitehouse.gov/ostp/news-updates/2022/09/16/technical-possibilities-for-a-u-s-central-bank-digital-currency/](https://www.whitehouse.gov/ostp/news-updates/2022/09/16/technical-possibilities-for-a-u-s-central-bank-digital-currency/)) + + +[WUTTT](https://preview.redd.it/ebfrovubsro91.png?width=1370&format=png&auto=webp&s=388dc1bcc42d50e3e5b1fb4be92fda58c68f950d) + +I think it's setting up the precedent for what's to come. What do I believe that is? + + +1. Uprooting white collar and corporate criminals and trying them for their crimes +2. End of traditional banking and brokerage houses +3. Monetary policy reform +4. Be your own bank talking points DURING primaries +5. ROLL IT OUT + + +And who would advocate and push for such a truth to be realized? Why, maybe a couple million newly minted millionaires who stood up for market reform and fucking HELD the whole way through no matter how bad the gaslighting or the grief was. It was clearly the solution from the start (2008 and before that) it just made sense. + +Full transparency and a Blockchain Stonk exchange and decentralized banks JUST FUCKING MADE SENSE. To give the people back the power. **Fuck them banks. Fuck them brokers.** + +&#x200B; + +[Oh yeah and also, fuck insider trading. NANCE & CO.](https://preview.redd.it/jnhi30tetro91.png?width=558&format=png&auto=webp&s=391b2ac6d186cf2850dbd77135146b74c5c3bbf0) + +\--------- +Anyways I CONTINUE TO THE NEXT PART +\--------- + +&#x200B; + +Alright. So, I'm sure by now a good number of people have run by a post claiming that + +"**Just wanted to show you that RobinHood routes 100% of your trades directly to dark pools with PFOF. Source: 606b report"** + +Which led me on a goosehunt, or whatever. I am tired. Anyways. I was wondering if anyone had anymore insight into Rule 606 and if we, INDIVIDUALS, could request this list from our brokers to see how order routing was handled for different stonks. + +[Shid Pimpin, Ya'll Trifling](https://preview.redd.it/8jj6o6hnoro91.png?width=437&format=png&auto=webp&s=8fdf717e1c75c25311fd787503b926ef47788e9b) + +&#x200B; + +I think the reason the CFTC hid swaps last fall is because they also oversee the OTC (Over-The-Counter for ma smooth bois) Markets \[Alternative Trading Systems and Dark Pools\] and Derivates Markets (Options) + +&#x200B; + +I'm pretty positive that through Bernie Madoff's Legacy, big time Hedgecuck and Bedpost Wife Beater Ken Griffin alongside Doug Cifu of Virtu and others have been routing sentiment off exchange. + + +These 'tards keep boasting about "Price Improvement" but fail to acknowledge that market's aren't made on price improvement. They're created from positive **PRICE DISCOVERY**. + +Which, due to conflicts of interests, these regards cannot provide. + +&#x200B; + +[Humbly Regarded](https://reddit.com/link/xi74jk/video/5b08tqx3oro91/player) + +For the love of fuck don't delete this, it's a joke. + + +Okay this is going to burn a few nipples but it's pretty evident the entire market is manipulated so I must point out what I must point out, because the discovery of it is just straight disgusting. + +&#x200B; + +What I will be doing moving forward is comparing pop stocks also known as MEME STOCKS to some other popular companies and their unusual trading patterns in OTC Markets (per FINRA) + +The following "Shares Outstanding" sizes are off by maybe 1 - 3 months and the data I collected straight from 8k and 10k filings from the SEC since somehow MarketWatch, YahooFinance, GoogleFinance, and other fucking sites can't seem to get the right data out to the public and there are TOO MANY damn discrepancies to point out any meaningful true data. + + +Have a jab at it yourselves +([https://www.sec.gov/edgar/searchedgar/companysearch](https://www.sec.gov/edgar/searchedgar/companysearch)) + + +To check FINRA OTC (Non-ATS) Issue Data yourselves + + +1. First search here ([https://otctransparency.finra.org/otctransparency/OtcIssueData](https://otctransparency.finra.org/otctransparency/OtcIssueData)) +2. Click "I Agree" +3. Click the bar option reading "OTC (Non-ATS) Issue Data +4. Click "Monthly" for the view +5. Input Stock Symbol or Issue Name and Select Month/Year from Drop Down Menu + +Note: +In order to look up previous months and years you must first.. + +1. Click "OTC (Non-ATS) Download" on the Bar +2. Select "Monthly" for the view +3. Select the year from the drop down menu +4. Click the download button to far right for the month of your choice and then you will receive an .html file +5. Shit is rough to read so use CTRL + F to look up Stock Symbol or Issue Name manually +6. Copy all relevant data for your stonk of choice +7. Copy + Paste, Import into Excel +8. While highlighted, Go to the "Data" tab in excel and click "TEXT TO COLUMNS" +9. Choose file type "Delimited" +10. Select the "Other:" option for the delimiter and COPY this "|" into there +11. Click "Next" +12. Click "Finish" +13. Voila, we aint done. +14. Underneath all those biggums numbers it'll be organized as follows after the market maker or fund "Total Shares" (biggums #) and "Total Trades" (smol #) +15. Type "=SUM(E1:E2)" ( the 1 and 2 after E should be replaced to the respective data points at the top and bottom of the list to get further insight as to how many shares were traded and how many times over in the over the counter markets. +16. Throwup, I'm nauseous after doing this for 13 months, for 6 different securities. + + +At the end you should have something like this :) + +[Damn, Gamestop had 69.93M Shares Outstanding in Jan 2021 and 527 Million hit the OTC Markets, SUS!](https://preview.redd.it/i88bqoumyro91.png?width=779&format=png&auto=webp&s=47f9112f2d47d31e4202c229c6e4cb4b4e0f3423) + + +A comparison of sentiment being routed off exchange, presumbly from PFOF brokers + +&#x200B; + +[Year 2021](https://preview.redd.it/13op7fxjaso91.png?width=1001&format=png&auto=webp&s=86e47ac4d756efbc4390f4d100637586cc51c5c1) + +&#x200B; + +[Year 2022 TO DATE \(July\)](https://preview.redd.it/o16minelaso91.png?width=1001&format=png&auto=webp&s=0280353b1dcf7b26d2d736cee30cd2fe4ce9fb0b) + +&#x200B; + +[Total Sentiment &#37; routed off exchange](https://preview.redd.it/45qy1dzmaso91.png?width=1001&format=png&auto=webp&s=5de89f204a01a2847c1e27f77d684d1ee6461d6d) + +Before anyone tells me some shit about oh HFTs just trade shit back and forth, compare the FAANG stonks and the shiddy ETF. This is all fucked dude. Hilarious. + +&#x200B; + +I'm honestly disgusted dude. This is gross negligence, to have MILLIONS chanting HEY LOOKY HERE, PLEASE EXPLAIN WHAT THIS MEANS, WHY'S IT SO FUCKY IF SENTIMENT IS SO STRONG? +I'm currently in the process of selling our current property and purchasing another. It all happened quite quickly and so my bank statements don't look too amazing cos I've not really been looking after my spending over the last few months. The closing balance is less than the opening (my actual balance stays in the thousands so its not like I'm using any overdrafts or anything), I have never defaulted on any DDs and always make more than the minimum payment on my CC. But i know ive still overspent. Am I worrying too much about this or will this have any affect on the application? +There appear to be two schools of wildly-diverging thought among investors right now, and I've been thinking how to bridge the two camps, since I can't imagine them being *both* so incredibly wrong given the amount of money on the line. + +On the pessimists side are numerous successful investors (Ray Dalio, Jeremy Grantham, Charlie Munger, Michael Burry) who believe stocks are in a massive bubble. The [Buffett Indicator](https://i.imgur.com/caRQtOq.png) and [Shiller PE](https://i.imgur.com/YB3MCn8.png) both say the stock market is highly overvalued. Even though I likewise believe we're in a massive bubble, those indicators give little information about timing, and they could conceivably keep inflating for some time. + +On the optimists side is the bond market, where the [yield curve is normal](https://i.imgur.com/LG1dLuf.png) and not inverted, and showing signs of modest short-term inflation. With the Fed's foot firmly on the gas pedal and with a massive fiscal stimulus working its way through Congress, the odds of a recession related to the business-cycle or Fed overtightening this year is basically zero, though some shock like war or natural disaster could come out of left field. + +But we've seen instances where the stock market crashed even when the real economy kept on growing. The best example in my lifetime is the ["Black Monday" crash of October 19, 1987](https://i.imgur.com/auZia85.png). The S&P 500 dropped 20% in a day, but the real underlying economy (as measured by GDP) kept chugging right along. + +My suspicion is that something similar to a "Black Monday" will play out this year. The stock market, or at least the overvalued sectors of it, will crash and wipe out a lot of paper wealth, but the underlying economy will keep strengthening in the short term. + +In the long-term I suspect we'll have a massive crash once fiscal stimulus tapers off, or we'll admit that the US economy is "going Japanese" and continue passing repeated fiscal stimulus as long as that's viable. + + +Thoughts? +I have blown my 6th account from October. + + + + + +Edit: I probably should have led with this: I have been trading just under a year now and I am right 75% of the time. Turns out being right doesn't mean making money. + + + + + +Edit: Thanks for the pointers y'all. +https://www.bloomberg.com/news/articles/2017-08-30/bitcoin-exchange-sees-complaints-soar-as-users-demand-money + +You think if you make 1mm its going to be super easy to get that out in 10k chunks every week where half the time coinbase tells you to fk off. +It seems this sub is preoccupied with the markets. Why don't we talk about some other options. + +I've recently began looking at split-profit houses. Many construction companies ride thier line of credit as hard as they can. So hard, in fact, that They are willing to split the profits with private investors. In essence, the investor takes out a construction loan and finances the construction of a house. The builder typically takes care of all the details. Better yet, construction loans are typically paid interest-only and you can often roll that forward as well. As long as you could affortd the mortgage payments should the market go south (in which case you now own a rental, which isn't bad if housing goes south). Most houses are going to get about 20% markup, from which you get half. The beauty is in earning the money just by using potential credit you are letting lie fallow. Of course this is a better strategy in some markets than others. + +What else do you guys do outside of the markets? What would be a good hedge to pair with this against a housing downturn? +As we face the imminent end of the pandemic restrictions in the US, I find myself anticipating the return to the “normal” corporate grind with significant apprehension. For many outside of tech, including me, this will entail the resumption of daily commuting, weekly air travel, generally sitting in a lot of traffic daily, uncomfortable business attire, and other such bullshit. + +Despite working perhaps more total hours over the past year (combination of good year in my industry and the work/home blurring that has been much written about), I was able to have breakfast with my family and put my kids to bed almost every day which has been a blessing. With some discipline (exercise, etc.), I also found myself with generally more energy, likely from the that which I didn’t have to expend on above bullshit. I sure miss social contact, meeting clients in person, and natural breaks in the day but overall I can’t shake the expectation that the “return to normal” will be a net negative. + +How are you anticipating the return to the normal corporate grind? If you are FatFI or close to it, or have been constantly moving goal posts, how is that changing your views on RE? + +Edit: clarified relation to FatFIRE in last sentence +I'm downloading data through the Interactive Brokers API, storing it in SQLite, and testing simple strategies through a script I have written from scratch in Python. It is in some ways satisfying because it lets one understand every little detail but there are also limitations. + +Downloading intraday data (to supplement the daily data) takes a very long time and then there are noob mistakes like overwriting your entire database at 1 AM. With free services such as CloudQuant and Quantopian as alternatives: do you think it makes sense to do these things "from the bottom" as I am currently? + +\------- Edit: additional thoughts ------ + +Some have asked why I chose a database and the interest in this thread points to this topic being relevant to a lot of people. I found (and still find) this topic to be quite difficult to get started with. Especially so since fundamental questions like "should I implement my own system?" and "should I use a database or a flat-file system?" will get varying answers in forums. + +I just went ahead using SQLite 3 to avoid paralysis by analysis. That choice gets some critique but at least it will get you started and you will start gaining experience. +It comes with no surprise to how common these call centres and computer hubs are in India. They provide tremendous amounts of services like scam calls, be it social media hyping or even international companies outsourcing something like spreading FUD online for dirt cheap. Yes that is what shitadel and friends are doing. During mid march Glacier capital was the highest searched in India as Kenny and friends were coming up with a new form of FUD to spread amongst apes. We clearly saw how any Glacier Capital post got many awards no matter what the context was pro glacier or not and that is due to lack of education. The so called hubs hire people with bare minimum knowledge/education. + +Why you may ask? +There are a lot of people that are hired in these scam hubs and the job requirements are just enough to use a computer and English knowledge should be around 40%. + +These small time indian firms have been funded with our beloved western Shills to go ahead and spread FUD online and why is that we always see so many people online on these reddit subs in the pre hours like at 2 am 3 am monitoring these pages and downvoting or giving awards up to 60-70 in 10 minutes because it’s fucking day time in India. + +Short holders have gone beyond unimaginable tactics and FUD spreading campaigns and we should be ever so vigilant and prepare for only worse. + +The hour is near and the squeeze is closer than you think. Their attempts are getting worse. + +*REMEMBER* +WE HAVE NOTHING TO LOSE AS WE JUST HODL💎🤚. THEY HAVE EVERYTHING TO LOSE EVEN THEIR LIVES. + +GME TO THE MOON. +🚀🚀🚀🚀🚀🚀 + +🦍 APES TOGETHER STRONG 🦍 + +Peace and love ❤️ + +Edit: i posted this in the day time. India is asleep around then. It may or may not be true but a lot of posts throughout the early hours were getting a shit ton of awards just because of the word Glacier Capital. I did not do this for karma whoring or For awards as i gain nothing from Reddit but just beautiful DD from amazing apes on here. Love y’all keep up the good work! +**TL;DR**: Minimal risks remain for a calendar-like hedge + +Several weeks ago, I suggested a $APHA/$TLRY arbitrage trade to Tom & Tony during their live call-in segment on tastytrade. Tom didn’t like it, due to his perception of its dependence on the upcoming merger. I didn’t emphasize (as much as I could have) that this was really a means of exploiting $TLRY’s meme run-up, and that $APHA hadn’t been inflated, so the trade was essentially shorting $TLRY and buying $APHA as a hedge. At that point, $TLRY was trading at twice the price of $APHA; the merger ratio is very close to 5-for-6. I don’t expect their prices to get to that ratio, but approach about 3-for-4 as the merger date approaches (sometime in Q2). + +The trade I advocated at the time was long $APHA Jul 30 C, short $TLRY Jun 50 C, and keeping about twice the margin requirement for the short call in cash. The trade would net about $400 and as the prices of the two underlyings became “tethered,” the trade would generate even more unrealized profit. (further analysis along with expected risks were posted at the time) + +It did. I made many trades like this. In retrospect, the real cash generators were the short $TLRY calls; if I’d only done those, I’d have done about 40% better – but this was set up as an arb trade and I’m not sorry I stuck with the hedge. + +Now they’re trading at about a 3:4 ratio, as expected. I’ve taken all my original trades off. Yet there’s still opportunity (albeit with lower returns) because $TLRY trades with higher premiums than $APHA. Here’s the trade I filled this morning: + +* BTO $APHA Jul 21 call @ 3.20 +* STO $TLRY Apr 28 call @ 3.35 +* Net credit: 0.15 +* Net delta: 5.50 +* Net theta: 4.3 + +I’ve done a few similar trades, each time: + +* for a net credit, positive delta and theta; +* the strikes are OTM and set up at the 3:4 ratio; +* it’s slightly delta-positive to absorb any sudden jump in $TLRY’s price which will increase the margin requirement – and a cash amount equal to twice the requirement for $TLRY, set aside for margin cushion; +* with staggered expirations such that the $TLRY shorts are in the 30 – 45 DTE window and generate the most reliable theta decay. + +In fact, because of the net theta, both sides of the trades can gain when the underlyings rise a little. + +In month, I’ll take the following action depending on $TLRY’s price (in order of decreasing likelihood): + +* **Below short strikes** + +Roll the calls out for more credit + +* **At or moderately above short strikes** + +Roll the calls out for more credit + +* **Well above short strikes** + +Evaluate whether to close the paired-position (still likely for a profit) or roll the calls out for more credit + +* **Massively above short strikes** + +The position may be at a loss, but it’s still a favorable ratio compared with the merger so evaluate whether to remain or close + +A further risk is if the merger collapses. As Tom commented (comporting with what I’d expect because it’s usually what happens), he’d be concerned that $APHA returns to $5. So I asked him where $TLRY ends up then. After checking the charts, he said $10. For these trades, that’s still a winner. The short calls expire worthless, but the long calls still have some meager value – still a gain. + +The biggest loss risk comes from the least likely scenario: the merger collapses, $APHA collapses and $TLRY goes lunar. Well, no such thing as free money. + +But this comes close. +&#x200B; + +https://preview.redd.it/15fgfjpkrbv61.jpg?width=950&format=pjpg&auto=webp&s=c3764703ef07b68773be9882e5ef72eed1b38025 + +Here's some ideas for earnings related put and call selling + +$PINS $TWTR $TDOC $TSLA $SPOT Looks very lucrative + +Good Luck Theta Gang! + +$PINS 12.90% + +$ENPH 11.40% + +$TWTR 10.30% + +$NIO 9.50% + +$TDOC 8.40% + +$TSLA 8.00% + +$SPOT 7.90% + +$SHOP 7.30% + +$FB 5.80% + +$DPZ 5.80% + +$SWKS 5.20% + +$UPS 4.90% + +$GOOG 4.70% + +$AMZN 4.50% + +$AAPL 4.50% + +$BA 4.40% + +$SBUX 3.90% + +$MSFT 3.50% + +$V 2.90% + +$MCD 2.80% +I sold an iron condor on $BKKT that risks $500 to earn a potential profit of $49,500 at expiration on December 17. What am I missing? + +* Bought 100 puts at $20 strike. + +* Sold 100 puts at $25 strike. + +* Sold 100 calls at $30 strike. + +* Bought 100 calls at $35 strike. + +Max profit of $49,500 at expiration occurs if price settles between $25 and $30, but the trade is profitable at expiration between $20.10 and $34.90. + +For this trade, I took a $4.95 credit ($495 * 100 = $49,500). + +Someone tell me what can go wrong here because it seems too good to be true. +So my understanding of this new scheme is that the government will be a guarantor for the new mortgages meaning the lenders will be more inclined to offer higher leveraged mortgages. + +But the problem i still see remaining is that the average person doesn't earn enough to have a 95% mortgage lent to them (down south anyway) + + When my mortgage broker checked my partner's and mine numbers we were told we could be lent uoto 240k so even with the 95% our limit would be 252k ish which wouldn't even get us a 1bed in our location + +Am I looking at this correctly? +Guten Morgen to this global band of Apes! 👋🦍 + +I am posting this at the usual time, but the data will begin updating an hour later than usual due to the difference in Daylight Savings time between Germany and the USA. +The updates will continue for one hour instead of two. + +Apes, last week was quite the ride. +We saw the lowest volume *ever*, along with data that indicated an enormous amount of shares being borrowed. +We saw mod drama, shady messages from financial institutions, and talk of parabolas. +I cannot tell you what will happen this week, but I'm sure it'll be spectacular. + +Today also marks the final day that DRS'd shares will be counted in the quarterly report. +I cannot wait to see what number we've reached. +Our Diamantenhände cannot be stopped! + +Today is Monday, October 31st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 60 minutes in: **$28.58 / 28,73 €** *(volume: 3706)* +- 🟩 55 minutes in: $28.56 / 28,70 € *(volume: 3671)* +- 🟩 50 minutes in: $28.56 / 28,70 € *(volume: 3643)* +- 🟩 45 minutes in: $28.55 / 28,69 € *(volume: 3643)* +- 🟩 40 minutes in: $28.55 / 28,69 € *(volume: 3557)* +- 🟩 35 minutes in: $28.42 / 28,56 € *(volume: 3513)* +- 🟩 30 minutes in: $28.42 / 28,56 € *(volume: 3118)* +- 🟩 25 minutes in: $28.41 / 28,55 € *(volume: 1790)* +- ⬜ 20 minutes in: $28.40 / 28,54 € *(volume: 1755)* +- ⬜ 15 minutes in: $28.40 / 28,54 € *(volume: 1608)* +- 🟩 10 minutes in: $28.40 / 28,54 € *(volume: 1563)* +- 🟥 5 minutes in: $28.38 / 28,52 € *(volume: 1302)* +- 🟩 0 minutes in: $28.39 / 28,52 € *(volume: 1237)* +- 🟩 US close price: $28.17 / 28,31 € *($28.35 / 28,49 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9951. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I love to golf. Unfortunately, my schedule does not love me golfing. With family and work, I have very few opportunities to make my way to the course and spend the 4+ hours there. Enter my somewhat crazy idea... buy a golf simulator. I'm not talking about the ones that run a few grand and aren't particularly accurate. I'm thinking of spending the $50k+ for a top of the line simulator. + +Obviously, these aren't accessible to most folks (hence why I'm posting here) and would likely be the only meaningful chance I'd have to golf on a regular basis -- maybe an hour or two at a time. It also seems like it'd be a fun way to host friends, have a bit of side action while watching a game/grilling, etc. For those (if any) who have used and/or own one, was it worth it? Do you find yourself actually using them? I'm aware there are golf sim communities online, but asking them is like asking an audiophile about headphones -- the expectations and desired features are just completely different. I'm looking for casual fun that's accurate, not to fine tune my swing or anything. + +Aside: I understand this is a very niche topic, so I completely understand if the mods close this. +News: https://www.livemint.com/companies/news/can-t-approve-fy-19-results-says-jet-airways-1559215380654.html + +Shouldn't there be action against a listed firm if it is unable to publish an audited annual report? Its flying operations took a hit in April, that doesn't mean the corporate offices have closed or that there's no one in the chain of command to direct the activities. +TL;DR: When you change jobs, your 402(g) limit for elective deferrals to a 401k plan ($19,500 in 2021) will follow you but the 415(c) limit of $58,000 for both employee and employer contributions is reset, as long as your new employer isn't related to your old one. + +I have spent way too much time the past 2 weeks trying to track a definitive answer to this and it seems like several financial experts I've spoken to are also under the wrong impression. Thanks to u/Rarvyn for providing some sources. Basically, if you max out your 401k employee/employer contributions of $58,000 but change jobs, you can contribute another $58,000 after-tax, assuming your new employer is unrelated to your old one. This is especially useful if your plan has in-plan Roth conversions. The $19,500 limit for pre-tax or Roth contributions to a 401k will carry over though, so make sure you don't go over that or else you will have to file a return of excess and deal with a massive headache come tax time. New employers won't necessarily ask you either how much you contributed to your old plan, so it is something you have to keep track of yourself. Sources below. + +Just wanted to share this since I thought it was useful information that was difficult for me to track down. I've had 2 financial consultants tell me that the $58,000 carried across employers and one of them admitted they were wrong after digging a little deeper. I thought people maxing out the $58,000 limit was rare enough that it is probably most useful for this sub, and useful enough for a real post rather than stuck in the daily discussion. + +Sources: + +[https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits) + +>Remember that annual contributions to all of your accounts **maintained by one employer (and any related employer)**....may not exceed the lesser of 100% of your compensation or $58,000 for 2021 ($57,000 for 2020). + +[White Coat Investor had a great article going into depth on this](https://www.whitecoatinvestor.com/multiple-401k-rules/) + +[bogleheads post](https://www.bogleheads.org/forum/viewtopic.php?t=346276) +Given that Goldman Sachs is advising the Twitter board on how to go about the bid from Elon Musk has a Sell rating with a price of $30/share, and Elon is offering way more, why are they suddenly backtracking and implementing a poison pill? + +I don't really care if Elon buys the company or not, but it seems to me that the deal is a no brainer from a financial perspective, at least from Goldman Sachs point of view? + +I don't believe the BoD has a fiduciary duty to the rest of the world to protect ''freedom of speech'' from Elon Musk, only to provide value to shareholders, so what gives? +I'll be honest, the great Korean sell-off and recovery of Jan 2018 almost had me wishing I had sold off at least a part of my stack. But with all the promising events still left on the horizon, there are so many more reasons now to hodl than ever before. + +I didn't buy ETH two years ago based on chart patterns, and I'm certainly not going to hodl or sell based on them either. The fundamental narrative is more important for long term investing, and there is much to cover here. In no particular order: + +&nbsp; + +* Facebook has just warned that they are expecting "less engagement". Sell off in FB stock expected to occur for the first time in many years. If at least 1% of flow from Facebook came into crypto as a "testing the waters", I believe that Ethereum would get the bulk of that new investment. FB investors are growth investors - no better shill at the moment than crypto for growth, and ETH is primed like never before. + +&nbsp; + +* From somewhere around Jan 15th to Feb 25th (approx), ibanks and buy side managers will be paying bonus. Not just in the US, but GLOBALLY. Plenty of threads on this elsewhere, but a significant percentage of this money will likely be put into crypto. Based on discussions with friends that work in that industry, I am hearing somewhere between 10-30% of bonus may be thrown into crypto. That's a conservative estimate. Most of them want at least some (or more) ETH. + +&nbsp; + +* More crypto hedge funds will be setup in 2018 alone compared to all other previous years combined. The largest so far will be Galaxy Digital, which we already know about. Although they are starting with Novogratz's stack, they will likely need to still purchase for new investor flow. Timing is key, with many having Q1 deadlines to get key long-term assets in place. GDAX and Gemini order books for ETH are looking extremely thick on the bid - the demand here is surprisingly strong. + +&nbsp; + +* Right now, Ethereum is the platform that powers a significant number of the top 100 coins. While BTC may have it's place, ETH has more practical utility at the moment, and a wider investor base is just now becoming familiar with this use case. Let's not forget all of the development updates that are on the horizon, including Casper. Couldn't be more bullish here. + +&nbsp; + +So that's why I'm hodling. If new investors want my ETH, they going to have to pay a significant premium to where we are now. + +&nbsp; + +EDIT: Lots of hate on the FB idea, I get that. It's far-fetched and speculative - but it's a narrative that works for me based on growth investors looking to reallocate and perhaps look at crypto. Most investors are likely not married to an asset class, and just maybe this is part of the catalyst that taken together makes them take a second look. Difficult to say for sure right now, but it's just another trade idea. Happy to stand alone here and see how it all works out - I'm personally out of FB for the moment. + +Hi, I like many people here I love a good dividend and was just looking through stocks like ENB, and PPL. Lots of indicators and analysts says these stocks are a buy right now since we aren't getting off oil and gas anytime soon. Thats great but I don't care about soon. I wonder what everyone thinks will happen to Canadian oil giants (and their shareholders) in a green economy? + +&#x200B; + +Will these same companies still be big in the renewables game since they have more cash than the start up renewable companies so they can transition easier? + +&#x200B; + +I guess my biggest fear is dripping the stocks until 20 years and I will be down on initial investments + dividends. +Since August 5, over 489,000 ETH has been burned. This is about $1,750,000,000 worth of Ethereum. Ethereum has also been consistently seeing deflationary days. Not only this, but Ethereum is also close to a triple halving. Perhaps the most bullish thing is that Crypto exchanges are running out of Ethereum. + +&#x200B; + +[ETH On Exchanges at their lowest level](https://preview.redd.it/smgzr8ne3is71.png?width=447&format=png&auto=webp&s=7925437721a3fa86a0a8934d0c4b13fb79fa5fa9) + +And guess what? This is not even the biggest news for Ethereum. Ethereum layer 2 is also promising 100x gas cuts and is expected to be live by November. This is incredibly bullish for Ethereum. We can easily expect one of the largest bull runs ever if this keeps continuing. Miners are also losing momentum too. With Ethereum being burned more and more and exchanges almost running out soon, I'd say get ready for a supply shock soon. +Hello, this is an update post regarding my other post about Poloniex holding my funds of ~46k. + +https://www.reddit.com/r/CryptoMarkets/comments/6rrtju/poloniex_not_closing_my_account_nor_letting_me/ + +First of all, I'd like to thank each and everyone of you for supporting me and taking my side throughout this case. + +Ever since that post I haven't heard a single word from Poloniex's team, there was no reply to any of my tickets nor to my PMs on here. + +If I don't hear anything from them in the next 3 business days, then I will be, unfortunately, forced to take legal action towards this, since that'd be an obvious sign that my money has been stolen and they aren't trying to cooperate. + +If anybody has any information that could help me, then please leave a comment or message me, again, thank you all for the massive support, I didn't expect to receive such. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Or do I not understand what that phrase means. + +Price going up as the merge approached and now dropping after the event itself. It went off flawlessly. We use barely any energy and demolished the issuance rate. Win-win — and we’re under 1500. + +Is this a good example of “Buy the rumor, Sell the news”? + +Rumor: “I hear the price of Eth will skyrocket after this merge thingy.” + +News: “The price didn’t magically rise, I better get back some of what I spent.” +I work in IT, and I had a positive interview that ended up getting the job offered a few hours after the interview. So I accepted with the terms of $20/hr and health insurance full time. Sounded great for getting back into things even taking less money after having to stop for covid-19. + +Came in this morning early before the work day to sign the employment contract. Only to find out the job would be $14 at minimum wage, no benefits, and having to pay out of pocket costs for traveling to job sites. + +Been in this field for over 15 years and I've never experienced or heard of something this shady happening. I said flatout that I would be going into debt just to work there to the managers face with the response of it not being their problem. + +Thankfully I have other offers and have interviewed at another IT company last week offering the same salary, full benefits 401k, sick/vacation time, and all in office. + +My friendly warning for others looking in this job market is to respectfully stand your ground with employers and be direct about the terms of employment. Yes, there's a lot of places hiring right now and even if you don't have all the required experience it would be worth your time to apply and express that you are willing to put in the effort to learn and be a valuable person for the company. But as I'm learning myself and seeing the meme level of how twisted working right now can be nobody should be taking advantage of in this way just to get work. + +Thanks for letting me rant. I'm pissed as hell for having my very limited money and time wasted by shitty people and I genuinely don't want others to go through the same experience. + +Edit as of 4 hours later: I accepted the job I interviewed for last week that is vastly better and start Monday. I also have a second interview tomorrow afternoon after a very positive 30 minute phone interview today. Why am I doing this? So I can play them off each other and see who will be the better fit. + +Side note just for the hell of it I applied to work at a drone company and I have a phone interview in a few hours. Probably not going to take it, but it's better to have options. Gatta admit working with drones sounds sorta cool so fuck it I'll just see how they play out. +I decided to read this book as I've seen it recommended a lot often here. I decided to share my initial impressions of the book. + +The premise of the book is taking the life energy concept from "Your Money Your Life" and instead of being more overly frugal with a high savings rate and so on, you should spend more money now on life experiences and enjoying/living life. Essentially by doing so starting young it's like investing, but instead paying dividends it pays "memory dividends" that pay off greatly as you remember the best part of your experiences over and over later on in life. + +This initial concept of memory dividends greatly resonates with me. I can clearly see the exponential nature of reliving life and so on as paying off. I definitely recalled fond memories of my family and friends with activities we did as I read these early chapters. + +The book starts off with some amusing anecdotes - one of the author's early friends when they were only making $18,000 a year running coffee for investment banking in New York City. His friend decided to borrow $10k from a loan shark to explore Europe over the summer and hostel it up at the ripe age of 24. The author finally visited Europe at age 30 and felt too old hosteling. The author regrets not going with him at age 24. That's totally hitting home with me too. + +However, the book quickly becomes bullshit in my opinion. The author starts criticizing a friend energy trader, John Arnold, who ran up to $4 billion net worth trading natural gas futures before calling it quits at the young age of 38. The author argues that his retirement age was too late: + +> Now, the vast majority of people can only dream of retiring by the relatively young age of 38 - yet for John, that retirement age was actually a few years too late. Why? Two reasons. First, he'll never get those years back that he spent just focusing on making money. He'll never be 30 again, and his children will never again be babies. + +Whatever point the author was trying to make here totally missed the mark with me. To me retiring at 38 regardless of John's net worth sounds like great timing for him. I sure as hell don't want to be around crying babies, and if they had two I'm guessing one is 8 and the second one is 6 when John retired. To me it seems like John picked the perfect time to be in his children's formative years of life. + +Later the author criticizes John for not doing potentially awesome experiences like hiring his favorite band to play for him and instead spending his time with his family. I've completely lost it here, I'd much rather have a family any day and go camping with a son and so on, than wasting money hiring my favorite band. + +Likewise, I would feel hiring my favorite band in any private capacity would be something I would personally regret doing. My favorite band loves to invite random people from the audience to play with them for one song - sometimes on bass guitar, sometimes on drums, sometimes on vocals. I've always had a dream to one day be invited up for vocals. If I paid for an arranged experience where the band "randomly" picked me, I wouldn't feel nearly as excited about it. Quite frankly, it'd greatly diminish my experience of it. I don't mind saving up a bunch of money instead and earning it legitimately by showing up to each and every one of their tours though. + +The next case the author talks about is Elizabeth, a fictitious 45 year old single woman who earns $60k a year in Austin Texas. The author criticizes her for saving $16k a year in a 401k plan that will be $320k when she retires 20 years later. The author criticizes her as how $320k is not going to last at all in retirement and she would have been better off spending that $16k each year on life experiences instead. + +I immediately noticed the author conveniently overlooked compound interest despite using compounding interest in his "memory dividends." $16k a year for 20 years is $320k cash at 0% interest! Come on! If Elizabeth is investing in an aggressive portfolio denominated primarily by equities she'd be hitting $1 million at 10% nominal interest to quite possibly $1.3 million at 12%, before inflation. That's certainly going to bring her lots of joy in her 50s and 60s when she does decide to retire. It's going to bring a crap ton of financial security too. + +The author makes it sound like you can't do anything in your 50s and 60s in this book at all. I watched my aunt and uncle early retire in my childhood in their early 50s and enjoy the fuck out of life. It was formative for me in seeking financial independence. I got to spend a lot of time with them because of that! They didn't stop traveling until the late 70s and that's because traveling got old for them. They're still quite young, active, and full of life. + +Quite frankly, I just finally got around to reading the Millionaire Next Door right before reading this book. Even though the author of Die With Zero is Bill Perkins, and his net worth is estimated to be 55 million, the more and more I read this book the more and more he's sounding like one of the Underachievers of Wealth (UAWs) Millionaire Next Door describes. + +Again, these are my initial impressions of the book. I'm finding it to be quite difficult to continue reading this book. I don't agree with the author at all that every $1 equals possible life experience. Some of my most cherished memories are playing dungeons and dragons with friends and that was done for free. + +Quite frankly with my 50-65% savings rate [I've built the life I want and saved for it.](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/) I don't have any regrets. I don't feel like I should have spent more money on experiences or the like. I feel just reading this book more the author will try to steer me more to the UAW point of view of things. No thanks mate. I personally view having a high net worth as financial independence/safety to live the life I want to live without ever having to return to the workforce, and I'd be happy as fuck to die with 100% or more of my portfolio in-tact. +The conventional advice is to save X months’ expenses in case you lose your job. I don’t think that’s bad advice but I also think we should talk about ‘freedom’ savings i.e. the money needed to walk away from a job that has become untenable without the need to stay in a toxic situation/organisation any longer than necessary. +Having the freedom to choose what to do in such a situation can help an individual think through their options and actions without the anxiety and stress associated with having no financial choice but to stay where they are until they can find something else, by which time their mental wellbeing might have been wrecked. +Whether the change happened in the name of frugality or a desire for better quality, what are your favourite affordable luxuries? + +Here are some of mine: + +- I (female) was tired of more frequent trips to the salon after I cut my hair short. So I bought a cheap hair care set on Amazon and learned to trim my hair using YouTube. Now that I've got the hang of it, my hair is always precisely how I like it. +- I started buying green coffee beans in bulk and roasting at home. I can geek out on coffee and it costs me less than Folgers! +- When I first became obsessed with optimizing my gear (and gear weight) for outdoor pursuits, I started making my own. I get a high-quality product with premium materials tailored precisely to my needs. As a bonus, I've also gained the skills to fix my gear when it breaks and tailor clothes. +I have my first income property under contract and should be closing in a few weeks. I've done a few flips (http://imgur.com/gallery/zK6YHPS and https://imgur.com/gallery/dg1swl5) so I'm fairly familiar with real estate. This will be my first long term investment. I have a good paying W2 job that I expect to keep until I'm 55 so real estate investing is more to build wealth and passive income. I have an umbrella policy at $500k that I plan to up to $1mill. + +The building I'm buying is a 3 unit with a positive cash flow of ~$600-800/month after expenses (mortgage, insurance, taxes, vacancy 10%, maintenance 10%, PM 10%) even with 2 units already rented with long term renters just a little below market rent rates. I'll raise those rents a little bit each year. I plan to renovate the units as they become vacant and raise rents to market rates. I will be working with a property management company. I plan to own this property for the long haul and use it's revenue to buy more properties. + +Is it worth setting up an LLC now, later, at all? Why? What about tax advantages? Business advantages? Building business credit? I'm very clueless in this business side of things. So I'm asking, what works well? Any good books/AMAs/ articles to read? I recently purchased weekend millionaire and an half way through. +I’ve just turned 21, and I’m tired of working my 9-5 job and need something more stable than my side hustle in the stock market. I live in a Mobile Home in Colorado and recently, the landlord sent us a letter stating that he was going to sell the property but we have 90 days to make an offer if we want to buy it. Other tenants are interested on working with an affordable housing company that is non-profit to help us buy the land. But this is my opportunity to get in real estate and buy it as my own company. I noticed that the old landlord had the property in a Trust Deed. Is there anyway I could do the same? + +The property is valued at 3-4M, there are 50 Lots, and the rent is currently $715 (before he purchased the land. In 2016 the rent was $380). There’s some work that needs to be done around but mostly the residents are 55+. So steady and reliable rent. + +If you could post any tips or advise. Please let me know. I know that I can ask my county to help me purchase as well. + +P.S he is selling a second property which is a house with a horse farm, next to the mobile home park that is valued at $750k which I was thinking of selling to bring down the loan/mortgage. Or it might be better to keep renting it out (current occupants are paying 3.5k-3-7k/mo.) + +Thanks! +I’ve just turned 21, and I’m tired of working my 9-5 job and need something more stable than my side hustle in the stock market. I live in a Mobile Home in Colorado and recently, the landlord sent us a letter stating that he was going to sell the property but we have 90 days to make an offer if we want to buy it. Other tenants are interested on working with an affordable housing company that is non-profit to help us buy the land. But this is my opportunity to get in real estate and buy it as my own company. I noticed that the old landlord had the property in a Trust Deed. Is there anyway I could do the same? + +The property is valued at 3-4M, there are 50 Lots, and the rent is currently $715 (before he purchased the land. In 2016 the rent was $380). There’s some work that needs to be done around but mostly the residents are 55+. So steady and reliable rent. + +If you could post any tips or advise. Please let me know. I know that I can ask my county to help me purchase as well. + +P.S he is selling a second property which is a house with a horse farm, next to the mobile home park that is valued at $750k which I was thinking of selling to bring down the loan/mortgage. Or it might be better to keep renting it out (current occupants are paying 3.5k-3-7k/mo.) + +Thanks! +I’m a recent university graduate that nets about $4.1k a month after taxes, with expenses of only about $1.1k per month (I live at home with my parents). What would you do with the $3k per month in savings? + +I am considering 2 options: + +1. I have never invested and am considering buying low-cost ETF's, this would be for the long term (25 years+). +2. I am also considering buying my own home that generates rental income. I am thinking about buying a duplex, living in one unit and renting out the other. Duplexes go for about $500k in my city, meaning I would need about $25k as a 5% downpayment. This option also allows me to move out of my parents home (lol). + +What would you do? Thank you!! +I’ll keep this short. My wife found a deal on an undeveloped lot in an older subdivision in a master planned community. We used part of our stimulus check to buy a .36 acre plat for $1k, and it appraised for $3k last time it was sold in the 90s. There are lots of very inexpensive POA benefits in the community, so we’re thinking the last owner (who died/is no longer around) just owned it to get those POA country club benefits. We’re interested in learning more about real estate as an investment, and potentially interested in improving the land with a small home. Any advice for us as we get started with our tiny little test? +You know that scene in the Big Short where Michael Burry went through thousands of subprime mortgages in those MBSs? Well in the past 3 hours I'm Micheal Burry and all of you are subprime loans. I had to looked up timezones, I had to looked up options profit calculator, I had to looked up tickers after tickers after tickers... + +Anyway, here goes nothing: + +#BANS + +1) u/SUPERMETABOMB - "We finish red everyday this week or ban me." + +2) u/KawhiLeft - "Green Monday or ban." + +3) u/paperboythegod - "JNUG over 20 tomorrow or ban me." + +4) u/anonymperson - "red tomorrow. ban me if wrong" + +5) u/Jeskers617 - "2 breaker day or ban." + +6) u/Reparian - "SPY will be at least 260 at EOD. Take my word for it. Ban me if im wrong" + +7) u/VladdyGuerreroJr - "Today will finish red OR YOU CAN FUCKING BAN ME FOREVER" + +#DEBTS + +8) u/idieverynightfor8hrs needs to jerks off to bear porn + +9) u/Corte-Real will donates to a charity of the mod's choice + +10) u/verybigly will eat a bull penis + +11) u/legendarygap will shove an entire glass jar into his ass + +12) u/ItsBigLucas will eat an entire Digiorno Pepperoni Pizza on his own + +13) u/vaish1992 will fries his own testies + +14) u/drewthegoat3 will transition to female and put a thumbtack in his dick + +15) u/TheeIncubus will donate $1000 to WSB Charity (Can a mod verify this for me?) + +16) u/ironbassel will vid tape him giving himself a blowie. + +17) u/avaaa96 will suck his own dick and eat his own ass hair + +18) u/scopolamine will pays 100 euros to someone, I'll suggest a charity + +19) We all get to blow u/w_w_j_d_'s wife, horray + +20) u/freebobbyplease will change his license plates to "SPY puts" + +21) u/RetardedPizzaMan will get a WSB logo tattoo (new or old one though?) + +22) u/ThatGuy718 will get a vasectomy + +23) u/MrRichAsian will get a Smokey the bear tattoo + +24) u/Eman2105 will get a spy tattoo + +25) u/StreicherADS will eat a bug + +#PRIVATE-DEBTS + +26) u/philmacrack123 will send a dick pic to u/CandidBig + +27) If NYC announces lockdown within 6 weeks after NYC has over 500 cases, u/SandKey gets banned, else u/ryannayr140 gets banned. + +#ON-GOING + +No ping in this part this time since no one actually owns anything yet + +28) U/tallenuk will eat his own shit if AMD drops below 20 by 3/27. + +29) U/JoshSifuentes will stick a pool ball up his ass if SPY hits 69 by 4/17. + +30) U/Itsybitsyclitty will fuck himself with a dildo if SPY $65p hits 0.10 before 4/17 + +31) U/spaghettislapper will eat a bull penis if GE does not hits $0 in a year + +32) U/GreatQuestion will buy 500 shares of GE if government gave out $2000+ per adult + +33) U/AdjustedMold97 will donnate $10,000 to his local foodbank if his account reaches $20,000 + +34) U/psytokine_storm bets that COVID-19 will hits 1 mil cases outside of China before 4/6 + +35) U/Sightline bets trading will halt before November + +36) U/brekinb will tattoo 🌈 on the inside of his asshole if SPY hits 115 before June + +37) U/_elroy bets that there will be 100,000 COVID-19 cases in US before 4/17 + +38) U/InerasableStain will shove a cucumber up his ass if WMT hits 90 bby 3/27 + +39) U/humm1010 will eats his pubes if SPY hits 320 by 4/17 + +40) U/hihowubduin will get a WSB tattoo if Trump get retested and get the coronavirus + +41) U/tough_statue live stream a video of him stapling his nuts to the wall if SPY hits 205 by 4/1 + +#SHOUTOUTS + +People who got away, these people get a shoutout, but just for simplicity sake I'm not gonna list what they betted, just what they wagered. + +U/brk1sb - His life + +U/duhpolan - His friend eating his pubes + +U/legendarygap - Wipe semen off his cat and lick it off + +U/ya_boi_t-word - Wallstreet bets themed tattooed on his ass + +U/SoundShadowZ - Donates 15% of his gains to WSB Charity + +U/PAPA_JOHNS_ZIMBABWE - lick a toilet seat + +U/HowGreatAreYourDanes - gay bear emoji tattoo + +U/ElTurbo - eating dog poos + +U/jdrhoe - BAN + +U/colxwhale123 - BAN + +U/AlertRanger11 - Snort a line of his grandmas ashes + +U/pinks0cking - Mickey mouse tattoo on his ass + +U/shadylex - Bear tattoo + +U/krt941 - eat his dog's shit + +U/MLGameOver - fist himself on stream + +U/vaultboy1121 - Shit on Robinhood's HQ (At least I think he got away, I don't use RH so I only tried verified through the megathread, If anyone know if RH did shit the bed on Monday please let me know in the comments) + +U/Alabama_Meth_Gator - eat a pound of crickets + +U/lordkemo - eat a live cockroach and puke it out again + +U/Horksurf - blow a load into his ceiling fan + +U/199mx5 - Go into a field and lick a bull's asscheek + +U/Myballzwashott - $100 + +U/CumFlakessOrange - drink his own cum + +U/SESHHHHHHHHHHHHHHHHH - Smoke his own pubes + +U/drewthegoat3 - light a bottle rocket in his ass + +U/ThatOneDrunkUncle - tell his stalker ex his new numbers + +U/fsf__ - Stick a sharpie up his ass + +U/squatracktexter - Tattoo a bull on his ass + +U/HowLongIsWinkersDong - vasectomy + +U/colxwhale123 - "r/wsb" tattoo on his ass + +Hopefully I didn't miss anyone + +Some disclaimers: + +If you bet money it's in a bit of *ehhh* territory, of course it's great when you lose you get to donate to a charity or something, but if you win no one is going to pay you. + +If most of the terms are vague as hell or unverifiable it's just going straight to the bin. + +If your bet is gross stuff get the mods to verify, please don't send me videos of you blowing yourself to me. + +Also I'm fine, I seen some people asking where I've been, had to walk away for a while because of work stuff related to the virus. +Hey guys, long time lurker first time poster. + +So my wife and I currently live in an apartment (renting for $630pw) and have our first child on the way end of this year. + +We have approximately a $250k deposit to buy a new home but my wife doesn't get paid maternity leave and is the larger earner of the two of us (close to a 70/30 split). So income with be rough for a year or so. + +Ideally we'd love to be able to drop 1.1mil-ish on a home that we can spend a long time in and potentially have another child. But choosing a specific area is hard right now as my wife's workplace has the potential to change in 3-5 years (or not, we don't know). There's just too much uncertainty to commit. + +More importantly, there's also the fact that I genuinely believe house prices in Sydney are disgustingly overpriced right now, every inspection or open house we walk into and every auction we peek at has houses selling for just horribly high prices that simply don't feel worth it. This is an opinion I'm sure many of you on this subreddit agree with. + +But today after checking out some (smaller) places, we had a chat and are seriously considering downsizing our purchase instead. We found a nice 2 bedroom villa for under $800k in a really nice area. + +What do you guys think we should do? Personally, I think we should grab this villa and raise a kid or two for 5-7 years with repayments that are approximately $530pw. Easy as pie, especially with our large deposit. It's not ideal as the place is extremely small (under 100 square metres). But it's definitely doable and we never wanted anything too big anyway. This gives us time to wait out and see if the market drops and/or my wife figures out her work situation. There's also something very pleasant about having a fairly small mortgage. + +Another option is to simply rent, but that means getting a loan over the next few years will not be easy as our income will have more than halved with my wife not working. There's also the inconsistency of renting and we have a dog, which can also cause issues. Neither of us are a big fan of renting but it's definitely an option. + +Or do we drop the 1.1mil or so, getting into the market with a 3 bedroom house? We'll struggle the first few years with my wife not working but it could be worth it in the end. Or it could not and house prices drop and we are in serious shit. + +Just wondering what everyone's thoughts were with this, I know you are all overly frugal and will probably just suggest we live with our parents or something but we'd go insane so please don't say that haha. + +Just looking for some tips or advice or opinions, thanks! +I just turned 18 about a month ago and I’ve done some things already. I’ve created a SoFi banking account and transferred all my money there from my previous chase highschool account that gave me 0% apy. About $2000 is in my savings/checking and I have about $9000 invested miscellaneously all within the SoFi app. I’ve opened a discover it card already and have been using it and paying it off like the next day and have a 715 credit score now. I was thinking about opening a Roth IRA but I am completely clueless when it comes to an IRA. Is that a good idea? Is there anything else I should be doing? +Hi, + +&#x200B; + +This probably an old and novice question but I wanted to review on how my ROTH IRA and 401k distributions and with all that’s going on; war, inflation, etc, does one just sit and leave their contributions as is? I’m more concerned since my 401k is tracking the S&P along with my ROTH but I don’t plan on withdrawing at all. I think I’m just worried/anxious of my ‘investments’ and retirements. + +&#x200B; + +Thoughts and inputs? Thank you in advance! + +&#x200B; + +Edit: Wow, thank you guys for all the insight! I’m sure there are several people in this same boat with all that is going on right now. And I’m sure its hard to watch the market. Also, sending prayers and thoughts to everyone affected and going through this war. +I'm 22 and was recently diagnosed with [fibronectin glomerulopathy](https://ghr.nlm.nih.gov/condition/fibronectin-glomerulopathy). It's extremely rare (only ~50 reported cases), so there's not much in the way of direct support. Essentially it means that my kidneys are failing at an unknown rate, it could be 5 years or it could be 60. Most likely I can expect somewhere around 15-20 years before complete kidney failure. Unfortunately kidney transplants don't cure the issue, as my body will just start fucking those up too. + +Obviously not the news you want to hear when you're 22 and about to start your first job as a software developer. The rest of the post may be a bit ramble-y, but I have some questions that hopefully some here can address: + +1) Despite having a diagnosis I don't have a clear grasp on my life expectancy. It's not yet clear how severely my kidneys are being damaged (I currently still have full kidney function as marked by my GFR, although I have some symptoms of kidney dysfunction which eventually led to the diagnosis). I could stable out or I could need a transplant every 5 years to stay alive. How should I plan with this in mind? + +2) Since I can pretty safely assume that by 65 I would have had multiple transplants and my QoL would be decently hampered, it seems like tax-deferred accounts that I cannot withdraw from until retirement age should not be the largest of my accounts. What should I do instead? + +3) Even if I save enough to FIRE, I live in the US. With healthcare as it is, am I trapped into working for insurance until I can no longer work? This one might be my biggest question. + +4) I'm still on my parents' health insurance, and I can stay on it until I am 24 (EDIT: One poster corrected me that this is until 26, not 24). Does it make sense to switch ASAP to my employer's health plan so that I can lock in insurance in case the pre-existing condition protection goes away? Or should I wait until I'm 24? + +5) This is a dominant trait, so it means no kids. Even if I were to adopt, I'm not sure it would be fair to put kids through that. This isn't a FIRE point but I just have to get it off my chest. I've always wanted to be a father someday. + +Overall I'm just very lost. FIRE has been something I've wanted to do since I discovered it at 18, the plan was always to graduate college into a good job and save 50+%. Now it just seems like even if I FI, I can never ER. + +Thanks to anyone who can offer some insight. +You think you'll hodl, you say you'll hodl, but you won't. + +Here's the thing, I don't know shit, and you don't know shit. So, now that we are both level headed, you and I both agree we are shitbrains that don't know what will happen in the market, let's talk about psychology. + +When BTC 2x, 3x or 5x, your little peepee will get tingly. The memes will be flowing, you'll be big dick swinging in your 1 bedroom basement apartment in the "up and coming" side of town as you check your crypto portfolio multiple times in the middle of the night while people you used to hang out with are out having a good time playing fortnite or whatever the fuck kids are playing these days. + +Despite the fact you've already said that you're "in this for the long haul," you're still checking your portfolio like an instagramer stalks people on their timeline. + +Why the fuck are you checking prices every 15 minutes still if you're a long term hodler? + +The passed10k.gif will come back out of retirement eventually, and you'll be picking colors for your lambo all from your $100 investment into bitshitnect coin. + +Then, it will happen. Nobody knows when, but all it takes is a sudden gush of short term traders to sell and wreck your hard hodl'd gains. + +You will rush to your favorite shitposting site and blast to the world, "I was just up 3x, now BTC is down 50% in the last week! What's going on? It's that damn whale again, isn't it!?" + +A few people will tell you to keep hodling, "This is just the beginning," they say. But you're smarter than that. You just held through a 3x gain, then lost 50% of those gains. You'll soon get your confirmation bias from a couple dipshit redditors, "Derp, 3x gains ain't nothing to sneeze at. Herp, you should have sold then rebought during this correction and you'd have doubled your stack, hurrrr." + +You'll think, "Wow, your hindsight is absolutely right. Next time it happens, I'll be prepared and I will predict the market with 100% accuracy. I'll say I'm a long term hodler, but I'll keep checking the prices 20 times a day hoping to perfectly time the top and bottom. I'm a very stable genius." + +Then, BTC will have a small bounce up of 15% the next week. You'll find someone that you agree with on Trading View that tells everyone, "It's going to go retest the shit support at shit level fibonichi 0.69. The pullout method is upon us, there is a 420% chance I'm right, and .007 chance I'm wrong. I'm not your financial adviser, I'm just a guy shilling my ideas hoping I get enough support to influence the market. No collusion!" + +You'll sell, the market will bounce back up another 20%, you'll fomo, the market will tank another 50%. You'll sell at another loss, it will drop another 10% and you'll run to reddit, "I knew it was going to drop, so I sold! I just made 10% more by selling"...but you didn't actually buy yet because you think it's going to drop a little bit further. + +You won't tell people you also just got wrecked your previous 4 times doing this and you're down more than 70% during a bull run because you kept trying to time the market. + +Of those that are reading this now, my guess is, **at best**, only 1 out of every 100 people will actually DCA or just hodl through the next bull run. + +There are going to be multiple, and I'm talking many month long shakeouts along the way to wherever BTC is going. + +I don't think 99% of people have the patience and the will to hodl through the gains and the massive selloffs. + +You're here now, you've been through a bear market. But, seeing gains is a much different beast. I suspect that once you deal with the 3rd or 4th major shakeout after 3x, 5x, 6x gains, I'm talking truly massive 50-75% selloffs in a few days, that you won't be able to stomach it for long. + +Some have $10,000-$50,000 invested down here. Imagine in a year that you have 2x, 3x, or 5x that. Then, you lose 70% of your gains in a week. + +This is a real possibility, multiple times. Whether you have $100, $1000, or $50,000 invested down here during the bear market, you need to prepare for that feeling of getting absolutely wrecked in a week. + +Some among us are going to have their $20,000 turn into $80,000 or $100,000, then drop to $30,000 or $25,000 in the next 12-18 months. + +Imagine this happening multiple times, this 3-6x then losing 70% of those gains, multiple times in a relatively short period of time. Imagine months long consolidation after a sell off, then another shakeout after you were just wishing you would have sold. + +It's nice to look at a chart in hindsight and say, "Zoom out," but going through it is a lot more difficult than just looking at the past history from a chart. + +You'll be able to hodl through 1 or 2 selloffs, but at some point you're going to be having a stressful week or a stressful month in the next few years. it's going to coincide with a massive selloff and you're going to be sitting there thinking, "shit, I would have been better off just selling last time. This shit is too stressful." + +For the record, there is nothing wrong with selling at a 2x, 3x, or 5x or whatever you choose, but I remain extremely skeptical that people will actually hodl all the way to the top or near the top of the next bull market, let alone being able to predict when and where that is. Even fewer among us will DCA all the way through and sell at whatever the next top will be. + +This is a cruel game, and you won't make it unscathed. Most will fail because of a lack of planning. + +Prove me wrong, fellow hodlers and DCAers. + +Prove me fucking wrong. + +**TL;DR**: Comment based on the title, otherwise read the shit. + +*Edit : For the record, I don't know shit, but I do think the top of the next bull market will be $180,000 to $225,000. I have no idea what happens in between now and then. You don't either. And, again, I don't know that it will actually get there, but my spidey senses tell me that. I'd expect it to be around August 2021 and January 2022 though. In a few years. I'll only have about 50% of my stack by that point because I have certain intervals I'm selling because I know I could be wrong; again, I don't know shit so I'm going to sell as I reach certain targets. I'll be DCAing most of the way through, and I'll see you all in crypto hell regardless, you filthy casuals.* +I have been owning a piece of land since 2008 and the prices multiplied around five fold by 2013-14 but since then it has been at the same price levels more or less. This has been the state of real estate where prices have been stagnant for 5-6 years. Gold was also the same but it finally took off last year and is now at significant price level. Is it fair to expect real estate to do the same? + +Google has: + +*Nearly its lowest P/E since 2015 + +*Still putting up insane growth numbers YoY + +*At a roughly 9 month low and very strong support + +*Obviously a very strong future with tons of investment in research and development (particularly cloud computing and working on autonomous cars) + +*Stock split coming up that could have a bit of upside + + +Especially with continued earnings growth it just looks like such a good spot. I know it had an insane (65%!) 2021, but the P/E ratio actually went down since then, which would mean the market was just pricing in (and technically underpricing because P/E dropped) the earnings growth throughout 2021. So yea, it looks really good to me I am just wondering what other people's thoughts are on $GOOGL, and if I am missing anything about this because it just seems like an incredibly good deal to me at this spot. +I saw a good post about comparing real estate vs the wheel. It just made me think that options premium can be a good source of passive income. + +Is anyone here retired? How about early? :) What's your story? + + +Personally, I hope to be semi-retired soon with a real estate property and some freelance writing. +Seems like everyone is obsessed with the wheel. Is that because it’s the best theta strategy? Highest premium/risk ratio? I don’t really get the hype. What am I missing versus other theta strategies? +On Monday opening bell, i opened a NVDA 280/270 put credit spread for $1.00 credit. NVDA proceeded to drop 6.75% on the same day and close at around 281 share price. + +At this point i was really kicking myself for going against trend and putting too much trust in Powell. However, i had faith in NVDA and decided to turn my put spread into a CSP and loaded money into my account to take assignment for the 100 NVDA shares at 280. As a result, i would sell my 270 protective put at open the next day. + +On Tuesday open, NVDA dropped another 2% and i immediately sold the 270 put for $5.00 credit. I had originally paid 0.80 for them so i made a “profit” of $4.20. + +Including the premium for the NVDA 280 put sold at $1.80, i have effectively collected a total premium of $6.00 allowing me to reduce the cost basis of my NVDA assignment to $274 a share. NVDA closed slightly green at $283.37 at the end of Tuesday. Whatever happens during the FOMC is anybody’s guess. + +I would like to get people’s opinion on whether is this an ingenious way to play CSP/put spreads or is it just a fluke and i would get destroyed if NVDA tanks another 10% this week while i have sold away my protective put. + +Thank you and hope my English is not too confusing to understand. Virgin post…. + +Edit: forgot to indicate that it was a put CREDIT spread. + +Edit2: I wanted to know if there’s a name for this strategy so that I could search and read up more abt it. + +Edit3: even though it seems (is) like gambling to double down on a losing trade, by selling my long leg and increasing the premium collected from $1 -> $6, i now have more room for manoeuvre. The extra $6 collected can go towards offsetting any losses incurred if NVDA close between $280-$270. If NVDA close on Friday way below $270, then it is indeed a bad move to remove my protective leg. + +Edit4: closed the position at ard 0900 EST before jpow spoke. Closed my short leg when nvda was up 1% to take a $260usd loss. Including my profit from the long leg, total profit is $160USD. Definitely not worth it for the huge risk. Glad to make it out alive. + +Closed before jpow spoke as I made it out with more than what I targeted initially ($100 profit on the spread). Thanks all for your comments :) +So I'm trying to find stocks to sell covered calls on. Something I can hold on to for a long long time and just roll some covered calls. Was going to do this on AVPT but them WSB got a hold of it.... + +F was just at 7 not too long ago. Little worried it's going to return + +T makes me unhappy on a personal level. + +Premiums on GOLD are garbage. + +Can I get a few folks to humble brag at me? +I saw a good post about comparing real estate vs the wheel. It just made me think that options premium can be a good source of passive income. + +Is anyone here retired? How about early? :) What's your story? + + +Personally, I hope to be semi-retired soon with a real estate property and some freelance writing. +LEAPS are brought up quite a bit. Some people swear by them and others not so much. We know they are expensive. Have you ever wondered how they worked? + +I made this excel file back in July when I was doing research on PMCC. Most of these values were recorded on 7/26 and they are 1/23 leaps. Here are the results: + +Company Price Strike Delta LEAP Current Price LEAP + +AAPL 149.74 110 .81 45.6 164.45 58.93 + +XOM 57.79 50 . 7 9.8 77.7 28.33 + +AMD 92.05 67.5C .8 31.05 120.87 57.28 + +NVDA 193.76 137.5 .8 70.12 241.2 111.00 + +The gains on these are pretty substantial. XOM went from $980 to $2800! You can imagine the returns on NVDA and AMD when they were at 300 and 150 respectively. I had data from that time but I cannot find it. + +FB 372.77 280 .81 115.3 210.12 8.05 + +PYPL 306.85 230 .81 90.2 110.55 1.08 + +And this is what happens to LEAPS when the stock takes an absolute nose dive. It is quite painful. + +I thought some of you may find this information useful when considering LEAPS and PMCC. +So I was on a subreddit wondering why Blue apron had such a bullish analyst ratings while at the same time was trading 63% of its IPO value a month ago. Someone then told me that those analysts are actually underwriters. I checked and its true: + +http://imgur.com/ri1X4Sx + +The only Analyst that wasn't an underwriter gave it a PT of $2 + +Please trade with caution + +BTW: $APRN is so far the worst performing IPO in US history. + +EDIT: because some of you are extremely furious about me naming it worst IPO while pets.com beat it by 2%, I'm doing the correction: + +BTW: $APRN is SO FAR (that might change) the SECOND worst performing IPO in US history. +Like many of you, I really enjoyed u/ethical-trade's thoughtful "[Before the flood](https://www.reddit.com/r/ethtrader/comments/bar534/before_the_flood/)" post. I have actually been thinking about writing a short summary of my experience here, or a "thank you," so inspired by his example, here goes. + +I came to this space about two years ago. I remember buying my first ETH at about $250 or so. I had bought my first Bitcoin a few weeks earlier, together with some Litecoin. Over the summer, I studied the Ethereum ecosystem and increasingly became interested in the possibilities this new technology would enable. I started asking (dumb) questions on this sub, figuring out how to secure my coins, what a fork means (how the politics of the Bitcoin fork played out), what scaling problems needed to be solved, et cetera. I kept on DCA'ing, more or less, and went from 2:2:1 BTC/ETH/LTC to 1:4 BTC/ETH. I picked up some ERC20 tokens, too. The market was going up, and I remember reading u/DCinvestor's long but thoughtful posts on the state of Ethereum. I joined a local monthly crypto meetup. I was making "easy" money in the fall of 2017, thinking I was "a genius" for making the right call, as cryptocurrency marched on to all-time highs. I kept on buying more ETH, and even gave some younger cousins $5 worth of ETH at Christmas. I probably talked about my newfound interest with too many people, or at least I wasn't cautious enough. A friend of many had unexpectedly received a few hundred euro's and we talked about cryptocurrency. I helped her set up a Coinbase account to buy some ETH. Looking back, I think I was quite cautious in my approach, stressing the volatile nature, but an order was placed at $1200 or so, which still makes me feel bad. + +Anyway. I didn't take profits. I thought that we might as well see $3000 ETH soon, partly because of the Ether futures, partly because of the Bitcoin ETF rumors, and I just needed to hodl. As the market started going down, I kept DCA'ing. This was just a temporary break, right? And I want to be [rich like ETH whales](https://www.reddit.com/r/ethtrader/comments/887opi/i_am_an_eth_whale_ama/)! In April/May, there was reason to believe we had recovered, as ETH jumped from $500 to $750 (iirc), but that didn't turn out to be right. Time passed on and I kept on buying. Somewhere in the summer, I sold my motorcycle for €7000. I thought it was a good idea to take that money and buy 1 Bitcoin, thinking that "soon, I'll be able to buy a car with that money!" Wishful thinking, for sure. Just like selling $1000/AMZN (after a nice runup) for $1000/ETH a few months earlier. Probably the worst trade I ever made. Maybe I should've bought a [crypto station instead](https://www.reddit.com/r/ethtrader/comments/8jkfmq/my_10_crypto_station_is_ready_for_a_bull_market/), or put more thought into [How to Survive Crypto Investing](https://www.reddit.com/r/ethtrader/comments/84f1tn/how_to_survive_crypto_investing_in_this_market_or/). In any case, if the saying's right, namely "[hodlers make their money during the green candles, but they earn it during the red ones](https://www.reddit.com/r/ethtrader/comments/7qz1qn/daily_general_discussion_january_17_2018/dsszbbw/)," I had definitely earned it by now. The market was going sideways, and even uncle Mike [called a bottom](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i7enz9rH.44Q/v1/-1x-1.png). And Bakkt! But the worst was yet to come. + +The bear continued and Bitcoin broke from $6000 to $3000, and we went down all the way to $85. I had opened a CDP a few weeks earlier ([playing around](https://old.reddit.com/r/ethtrader/comments/a0s384/daily_general_discussion_november_27_2018/ealcpef/?context=3)), thinking we had seen the worst around $200. Boy was I wrong, and boy did I lose sleep for a few weeks, when we went from $200 to $150, $120 (Lubin mentioned that "two digit $ETH would be bad" iirc on a podcast, and started letting people go around that period), $99 and down. I kept on adding ETH to my CDP, which was good, because I would not get liquidated (yet), but it was bad too, because now my CDP grew much bigger than I wanted it to be (% wise compared to total holdings). Postponing liquidation meant adding to the size of the collateral lost. Around this period, other people shared their stories. It was horrifying. A guy here went from low 8 figures to losing half his stack in a few months. In the end, I didn't get liquidated. I did make two videos around that time, which are private for now, just to remind myself how emotionally difficult that period was (and the daily's were quite amazing, Dec [14th](https://old.reddit.com/r/ethtrader/comments/a625ea/daily_general_discussion_december_14_2018/?sort=top) and Dec [15th](https://www.reddit.com/r/ethtrader/comments/a6cx1d/daily_general_discussion_december_15_2018/?sort=top)). Other people were very [thoughtful](https://www.reddit.com/r/ethtrader/comments/9r7nkm/daily_general_discussion_october_25_2018/e8gjvh1/), and iirc, it was around this period where u/shouldbdan started experimenting with the donut bridge, and putting up [hilarious](https://www.cryptocurator.org/wp-content/uploads/2018/12/muh-crypto-bags-x-hq-low.jpg) banners. u/oldskool47 had some great [relationship advice](https://www.reddit.com/r/ethtrader/comments/awenvi/daily_general_discussion_march_2_2019/ehmk9w5/), too +(Of course, such cheap $ETH was a reason for some to go all-in, which I call the [Justin Drake strategy](https://www.reddit.com/r/ethereum/comments/arw075/ama_about_ethereum_leadership_and_accountability/egq7cik/). Come back with your shield or on it.) + +Which brings me to my final point, and the reason why I'm writing this in the first place. I want to extend a big thank you to some of the people here who genuinely tried to turn this place into something positive, worth following and inclusive towards all. First and foremost, the moderators. Second, all the great community members here, especially YOU, if you made it all the way through this wall of text. I'm looking forward to this next cycle that we seem to have entered. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**Regarding Ethereum** + +An important point about this project is that we see Ethereum as being a platform first. **If you approach it from the perspective of ether being a coin, with all the smart contract stuff being just bells and whistles on top to make the coin more valuable, you are going to have a hard time understanding this community;** It's really all about the applications first and foremost, and ether is there simply as a token to facilitate payment of transaction fees and incentivize mining (and of course it can also be used as a default medium for inter-application payments and security deposits). (see [FAQ](https://www.reddit.com/r/ethtrader/wiki/faq)) + +&nbsp; + +**Ethereum is not only a Blockchain** + +Ethereum is a platform for the *Decentralized Web*, it includes a blockchain but also other important components such as Swarm for decentralized storage, Whisper for communication, ENS for naming system and distributed computation platforms such as Golem & iExec. + +There are a lot more of *on-going* projects completing the platform too long to list in this post. There is also good synergy with projects such as IPFS. + +&nbsp; + +**The community** + +Generally speaking, r/ethtrader exists for market & price talk, memes, etc.. while r/ethereum is focused on technological and projects discussion. + +If you are new to this community you will quickly notice that generally it's not a maximalist community, other projects, decentralized projects in particular are respected and discussed here. There is no off-topic-when-convenient rule in this sub and freedom of expression is valued. That said, we do also try to keep a welcoming community as per the [rules](https://www.reddit.com/r/ethtrader/about/rules/) of the sub *"You are expected to treat everyone with a certain level of respect. If you can't play nice with others, you will not be allowed to post here. Be excellent to each other."* + +&nbsp; + +**Mod Team** + +* u/carlslarson - Started EthTrader. Investing since 1998. Full stack & dapp developer. +* u/heliumcraft - (aka [Iuri Matias](https://twitter.com/iurimatias)) Lead Developer of [Embark](https://github.com/iurimatias/embark-framework). Early (dev) adopter of Ethereum, Also a moderator at r/ethereum +* u/kashivretwo - Tea enthusiast with a deep interest in cutting edge technology. +* u/AutoModerator - Loyal bot, eagerly waiting for the singularity to occur +* u/_CapR -Watching the crypto sphere since March-April 2013. Also moderates /r/CryptoCurrency, /r/CryptoMarkets, /r/CryptoTrade, and /r/Peercoin. +* u/nbr1bonehead - Crypto-enthusiast since 2013. Programmer/lab scientist by trade. +* u/etherboard - Developer, doesn't moderate but hosts & helps maintain the awesome ticker tape. +* /u/EthTrader_Mod A shared account we're experimenting with. Primarily meant for announcements and receiving PMs. +* u/cosimo_jack - Software developer with a background in cryptography. Lead developer of Cosimo. + +&nbsp; + +**Chats** + +We also have a [telegram channel](http://telegram.me/EthTrader) and a [Slack channel](https://token-trade.signup.team/) + +In the last 2 months alone, housing prices have fallen 9%. + +Buyers are unable to secure mortgage, because by the time they go to close, bank's home appraisal shows the value has fallen drastically. + +More and more buyers requiring lawyers to intervene on deals they can no longer close, and getting Sellers to drop price after already accepting the offer (sellers don't really have a choice but to agree to concessions, because if the deal falls through, they face even worse prospects on the market). + +Bank of Canada has already risen rates from 0.25% to 1.50% this year, and expected to go to 2.25% by next month, causing sudden and fast cooling in real estate sales. + +https://www.bnnbloomberg.ca/distressed-deals-pile-up-in-canada-s-once-booming-housing-market-1.1780269 +The tech sector is now the biggest sector in the market as most of the world’s largest firms are involved with the mobile internet. The internet is so pervasive that even traditional players heavily utilize the internet to do business. Many large firms have smartphone applications to reach their customers. Many investors criticize redefining traditional firms by calling them tech because that definition often comes with a hefty multiple. While it’s fair to question why a traditional firm should get a higher multiple just because it has an app, that doesn’t eliminate the point that all firms utilize the internet. + +[What Is Driving The Stock Bull Market Higher?](https://upfina.com/what-is-driving-the-stock-bull-market-higher/) +I've read this subreddit for years and never felt that I had anything of substance to post. I value the ethos of FI tremendously and came across it while already doing some of the things anyways (cooking my own meals, paying down debt, investing in index funds, etc.) but wasn't truly on the FIRE path because I was wasting a lot of money on things without realizing it (cable TV, eating out at crappy restaurants too much, ordering crap from Amazon that we didn't need, etc.) + +So I realize none of this is really all that unique. What I wanted to share is that my wife and I had some friends that also discovered FIRE around the same time, and went much more hardcore into it. They stopped going out to eat for any reason at all; would never go get a drink for any reason; would never buy something new for any reason; moved 10 states away and now live like hermits. In essence, if an activity cost any money at all, they just wouldn't do it. While they are definitely going to achieve FIRE earlier than we are, they've sacrificed a lot of things along the way like friendships and relationships, and it has led me to much contemplation about the differences in our paths. Some of the relationships I've kept by doing things like going out for the occasional drink have led me to conversations about jobs and career choices that catapulted me into interviews and new jobs that have ended up tripling my income, while these friends of mine are still scraping by earning the same amount they always have. Our savings rate of ~40% is nowhere near theirs and certainly not bragging rights on this sub, I realize, but we still have a rich social life and enjoy ourselves along the way, while our ultra-FIRE friends have faded completely from our social circle and live a pretty spartan existence. + +I realize that in itself is worth considering, too; perhaps they've chosen to remove themselves because they feel that these social connections to people that don't understand their FIRE motivation are hampering their journey. Maybe they really are happier without having friends or ever going out for a drink. I don't mean this post to say that they are wrong and I am right; or vice versa. The roots of this movement were about giving up consumption and I recognize that I really haven't been able to completely do that. The point I was really trying to make with all of this is that however you found yourself on this path, it's important to remember to think through these kind of considerations - is it worth giving up your friendships because of your dedication to FIRE? To us it wasn't, and to our friends it was. I wish them the best and I am a bit jealous that they'll be truly FI earlier than we will. But I've also had a lot of really good times along the way with the friends we all shared, and there is a hole there where they are missing from it all. +Has anyone else had these kind of thoughts or experiences along the way? Am I going to get downvoted to oblivion for not belonging here? I'm more curious than anything. +Of all the places I've splurged at, the Royal Mansour in Marrakesh is the only place which really stood out for me. Every room and feature was absolutely gorgeous and I felt like royalty. + +Whenever travel opens back up and countries start allowing tourists again, I want that experience again. Any recommendations? (Especially in Asia or India) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +The White House has signalled that it will support the last minute amendment by Warner, Portman, Sinema over the plan proposed by Toomey Wyden Lummis + +The former plan is even more disastrous than the original text without amendment + +It heavily regulates crypto tech and stifles innovation, industry, and jobs in the US. In fact it makes out an node reporting exception just for proof of work chains, excluding proof of stake. + +While the Wyden Lummis plan promotes innovation and technology and financial freedom and human rights. But the White House is over ruling this + +This is a complete joke. 70 and 80 year old Dinosaurs who have no idea about crypto are squashing the entire industry for laughs and gags while being sponsored by banks. + +Edit: The Warner Portman Amendment against Proof of Stake even harms Lightning Network, imposing harsh reporting requirements. BTC Maxis were lobbying hard against Proof of stake and begging their legislators to take steps against PoS chains. The new classification does exactly that but sticks a dagger into LN as well. A tale of trying to harm others coming back to stab you in the back.. within 24 Hours! BTC Maxis are really THIS dumb. They have zero vision to see past their limited point of views, and are actively taking steps to damage the entire space, oblivious to the fact that the flame they fan will land on their own homes + +White House and Congress fighting over Proof of Work vs Proof of Stake. While they are living example of Proof of Mistake + +Edit 2 : + +Many crypto law experts are claiming they did not see the 2nd Amendment coming in at all, and it seems to have shocked them. Its baffling who is behind this last minute distiction between proof of work vs proof of stake, and why such text is being inserted into an Infrastructure Bill. Easy to see imo...who wins from doing this..? Both [Warner](https://www.opensecrets.org/members-of-congress/mark-warner/summary?cid=N00002097&__cf_chl_captcha_tk__=pmd_d81b008ac0241993d385e318e9a9dc480742f027-1628221811-0-gqNtZGzNAzijcnBszQj6) & [Portman](https://www.opensecrets.org/members-of-congress/rob-portman/summary?cid=N00003682&cycle=2020&type=I) are, as expected, funded by big banks and investment institutions. Portman is funded by BlackRock, American Financial Group, other archaic institutions that derive great benefit from over regulating DeFi/Proof of stake networks. Warner is funded by Goldman Sachs. By making DeFi hard to access for end users, these institutions get to keep their close sources legacy financial system that oppresses its participants and funnels wealth to those at the top. + +Sen. Portman is even retiring next month. His absolute last act as a Senator is to attempt to kill innovation in finance, kill individual freedom , and instead enslave people to behemoth corporations. These are the dinosaurs that the country deserves? Why are these people who have zero stake in tomorrow writing laws that will harm millions of tomorrow's kids and prevent them from accessing an open and inclusive financial system? +To preface all of this I'd really like to point out... + +# THIS DOES NOT CHANGE ANYTHING. + +The Proxy Statement was finally released today (if you couldn't see from the dozens of posts already) and on it, it listed something very specific in terms of the Record Date: + +https://preview.redd.it/lmaif1j0btu61.png?width=842&format=png&auto=webp&s=318f57640895f5a14711634fe9277974ff4b9283 + +Yes, as of close of business on **April 15th, 2021**. + +Now people are freaking out because they either think they understand this, understand it incorrectly, or don't understand this at all. Here are the different views on this: + +\- The Record Date means as of April 15th, you must be the OWNER. Doesn't mean you had to recall it yet. You can recall up until 10 days before June 9th. >! FALSE.!< + +\- The Record Date means as of April 15th, you must BE THE HOLDER OF RECORD. If you lent out shares, you forfeited that power. >!TRUE.!< + +&#x200B; + +# Counter Arguments? + +1. Now people will probably counter and say "No, share owners have until 10-days BEFORE the meeting to recall shares. This is incorrect. This came from a very harsh misunderstanding (like really, did you even read?) of how soon the **RECORD DATE** could be placed. Yes, how soon you could ask for the shares to be accounted for is no more than 60 days **before the meeting**, but no less than 10 days. This is NOT about a recall. It is about the **RECORD DATE**. YES, I'VE BOLDED IT AGAIN. And what was the record date in the filing? **APRIL 15TH, 2021.** +2. Another counter is that I'm wrong. "The record date is only to see who owns the stock before April 15th, but they must be recalled in order to vote." This isn't very logical because it argues against itself. How do you know if you own the stock? By recalling any lent out shares. [If you lent out shares, you forfeit your rights to vote.](https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp) Still not getting it? I'll just add the picture so you don't need to click the link. + +https://preview.redd.it/kt00zuycdtu61.png?width=1254&format=png&auto=webp&s=f34ae3ac861d291b2fa37446a38079b32420702d + +Yes, BlackRock did NOT vote in GME *last year* and chose to continue lending out their shares. Does it mean they will this year? Who knows. Does this mean they didn't recall their shares? Who. Knows. Does that mean they can still recall their shares? **Yes.** But not for voting purposes (please do let me know if their needs to be a valid reason per rules). + +&#x200B; + +I'm writing this because too many people are downvoting people who are calling it correctly and attempting to educate us instead of letting people continue to babble in what's becoming an echo-chamber of misunderstanding and incorrect information. It's sad to see that people rather live in a fantasy world and be wrong, than face the truth and think of how we should move forward. I've said it in MANY of my posts in comments; **misinformation and false hype from a real ape is more dangerous than a shill. Shills are at least obvious**. Let's keep it civil and open ourselves to learn, whether its critical thinking, DD, or even googling for a tiny bit. Just like the stock, expect the worst and hope for the best. Considering an opposing thought or idea only better prepares you. You lose NOTHING by seeing things from someone else's perspective. + +&#x200B; + +Does this mean bad news for us? Not at all. Sure, a *share recall* was something we were hoping for from BlackRock or some other big name. However, this doesn't change or delay the MOASS. If you need more confirmation bias, remind yourself that it's right in front of you. Paid shills. MSM posting shitty articles trying to push people away from GME. Price drops on good/great news. DFV, a man who could've ran away with 50m+ in gains QUADRUPLED DOWN. Again, the single most important DD out there is one word. **HODL.** + +&#x200B; + +For more specific information, please refer to this post that has NOT gotten enough attention: + +[https://www.reddit.com/r/Superstonk/comments/mvnte3/clarification\_on\_voting\_rights\_blackrock\_share/](https://www.reddit.com/r/Superstonk/comments/mvnte3/clarification_on_voting_rights_blackrock_share/) + +&#x200B; + +Also, apologize to this man: + +&#x200B; + +https://preview.redd.it/jwgf6oaphtu61.png?width=1075&format=png&auto=webp&s=b07f6e862a2a320c013a54acb4f42ec401976ea7 + +\-81? Poor guy was only speaking the truth. We're better than this. + +NFA, NAL, AMAPE. +Ok everybody. There's a shit ton of impatience going on here lately. "We demand Papa Cohen launch this bitch into space now! Arggjhghghhggh!" + +Impatient apes. Did you guys read the offer letter to the CEO? It's in investor relations under SEC filings. He is awarded $16,500,000 shares based on the average closing price of gme in June. Launching the rocket now wouldn't be very cash money to the bloke that just moved to Texas from Australia. + +Look, I desperately want to see the light at the end of the tunnel and quit worrying about money and just spend time with my family. + +Did anyone here read the most recent perspectus that was released? It specifically lays out how a non-cash dividend is possible. + +That said, let's think out loud together. The NFT token launches July 14th. Nasdaq rules require at least 10 days notice of a dividend. It's called the declaration date. + +Let's count backwards 10 from 14, we get 4. Imagine the fireworks if the declaration is dropped after hours on the 3rd? Holy shit batman! What a holiday weekend that would be! + + +*edit* according to u/1gnik + + +It's just 10 calendar days. Since the market is closed on the 5th, that would be one less trading day to cover, while playing by the rules. + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/rules/Issuer_Alert_2008-002.pdf&ved=2ahUKEwj6z8fdgLLxAhVcIDQIHVJhCwYQFjABegQIBBAG&usg=AOvVaw3R-I9lPe0UlMK3vRgSt3k + + + +Clearly, I'm just some idiot on the internet and if it doesn't happen on thetime line I just laidout, I'll just hodl and buy more as I can. + +Bottom line: We believe in Ryan Cohen and his team to transform gamestop into a tech company. Let's give them the opportunity without being a bunch of whiney bitches for another week or two. +I get there was a resources/mining boom and bust which was particularly impactful on Perth and WA, but its been a decade since then, Perth is a city with a growing population (compared to somewhere like Adelaide), interest rates are record low - housing is already more than affordable with plenty of 3 bed room houses not far from the city in the 300-400k range. + +Yet from core logic the quarterly drop is much more than Sydney and Melbourne (which leveled out recently), but Perth STILL appears to be dropping. What is going on? It seems to be a pretty good city otherwise, and its not tiny either - 2 million people, much larger than Darwin/adelaide/hobart etc. + +Is it an oversupply issue? +Hey all, + +I've been managing my finances according to this simple and kind of obvious principle my whole life and I've always assumed that was common practice among people but it seems to me that I might actually be part of a minority and that lot of people are often willing to go beyond their financial means and take unnecessary debt. + +What are your thoughts on this matter? + +EDIT: thank you all guys for the fruitful exchange of views! +To anyone new to trading options. You need to understand, this is a craft. A skill. You must learn and respect it, or it is going to **disrespect** you. Very violently in some cases. You **HAVE** to know what you're doing, not just **THINK** you know what you're doing. + +You **must** understand the Greeks. This is essentially what your option is. If you don't know what they are exactly and how they can effect your option, you are straight gambling. (Which may be fine if you like buying rope from HD) + +I don't know if new people are not reading the helpful information posted in this subreddit before jumping into options (Especially the people selling spreads that are asking what it means when they get assigned, etc. You're screwing yourself hard and are on a quick 1 way track to being plastered on the front of WSB as loss porn.) + +***I took this from the tutorial section of the Discord I run to try to make it as simple as possible.*** + +**OPTION BASICS** + +*ATM= At the money (Stock is 55 and you pick a 55-56 strike call)* + +*ITM= In the money (Stock is 55 and you pick a 55 strike and lower call)* + +*OTM= Out of the money (Stock is at 55 and you pick a 100 strike call)* + +***Understanding Greeks*** + +&#x200B; + +Greeks encompass many variables. These include delta, theta, gamma, vega, and rho, among others. Each one of these variables/Greeks has a number associated with it, and that number tells traders something about how the option moves or the risk associated with that option. The primary Greeks (Delta, Vega, Theta, Gamma, and Rho) are calculated each as a first partial derivative of the options pricing model (for instance, the Black-Scholes model). + +&#x200B; + +The number or value associated with a Greek changes over time. Therefore, sophisticated options traders may calculate these values daily to assess any changes that may affect their positions or outlook, or simply to check if their portfolio needs to be rebalanced. Below are several of the main Greeks traders look at. + +&#x200B; + +**Delta** + +Delta (Δ) represents the rate of change between the option's price and a $1 change in the underlying asset's price. In other words, the price sensitivity of the option is relative to the underlying asset. Delta of a call option has a range between zero and one, while the delta of a put option has a range between zero and -1. For example, assume an investor is long a call option with a delta of 0.50. Therefore, if the underlying stock increases by $1, the option's price would theoretically increase by 50 cents. + +For options traders, delta also represents the hedge ratio for creating a delta-neutral position. For example, if you purchase a standard American call option with a 0.40 delta, you will need to sell 40 shares of stock to be fully hedged. Net delta for a portfolio of options can also be used to obtain the portfolio's hedge ratio. + +&#x200B; + +A less common usage of an option's delta is the current probability that the option will expire in-the-money. For instance, a 0.40 delta call option today has an implied 40% probability of finishing in-the-money. + +&#x200B; + +**Theta** + +Theta (Θ) represents the rate of change between the option price and time, or time sensitivity - sometimes known as an option's time decay. Theta indicates the amount an option's price would decrease as the time to expiration decreases, all else equal. For example, assume an investor is long an option with a theta of -0.50. The option's price would decrease by 50 cents every day that passes, all else being equal. + +&#x200B; + +Theta increases when options are at-the-money, and decreases when options are in- and out-of-the money. Options closer to expiration also have accelerating time decay. Long calls and long puts will usually have negative Theta; short calls and short puts will have positive Theta. By comparison, an instrument whose value is not eroded by time, such as a stock, would have zero Theta. + +&#x200B; + +**Gamma** + +Gamma (Γ) represents the rate of change between an option's delta and the underlying asset's price. This is called second-order (second-derivative) price sensitivity. Gamma indicates the amount the delta would change given a $1 move in the underlying security. For example, assume an investor is long on a call option on hypothetical stock XYZ. The call option has a delta of 0.50 and a gamma of 0.10. Therefore, if stock XYZ increases or decreases by $1, the call option's delta would increase or decrease by 0.10. + +&#x200B; + +Options traders may opt to not only hedge delta but also gamma in order to be delta-gamma neutral, meaning that as the underlying price moves, the delta will remain close to zero. + +Gamma is used to determine how stable an option's delta is: higher gamma values indicate that delta could change dramatically in response to even small movements in the underlying's price. Gamma is higher for options that are at-the-money and lower for options that are in- and out-of-the-money and accelerates in magnitude as expiration approaches. Gamma values are generally smaller the further away from the date of expiration; options with longer expirations are less sensitive to delta changes. As expiration approaches, gamma values are typically larger, as price changes have more impact on gamma. + +&#x200B; + +**Vega** + +Vega (v) represents the rate of change between an option's value and the underlying asset's implied volatility. This is the option's sensitivity to volatility. Vega indicates the amount an option's price changes given a 1% change in implied volatility. For example, an option with a Vega of 0.10 indicates the option's value is expected to change by 10 cents if the implied volatility changes by 1%. + +&#x200B; + +Because increased volatility implies that the underlying instrument is more likely to experience extreme values, a rise in volatility will correspondingly increase the value of an option. Conversely, a decrease in volatility will negatively affect the value of the option. Vega is at its maximum for at-the-money options that have longer times until expiration. (edited) + +&#x200B; + +&#x200B; + +**Rho** + +Rho (p) represents the rate of change between an option's value and a 1% change in the interest rate. This measures sensitivity to the interest rate. For example, assume a call option has a rho of 0.05 and a price of $1.25. If interest rates rise by 1%, the value of the call option would increase to $1.30, all else being equal. The opposite is true for put options. Rho is greatest for at-the-money options with long times until expiration + +When looking at options for day trading, I tend to only look at Delta, Gamma, and Theta, but the others are important aswell, such as a LEAP with a high Vega. + +## What Are Long-Term Equity Anticipation Securities (LEAPS) + +*The term long-term equity anticipation securities (LEAPS) refers to publicly traded* [*options contracts*](https://www.investopedia.com/terms/o/optionscontract.asp) *with* [*expiration dates*](https://www.investopedia.com/terms/e/expiration-date.asp) *that are longer than one year, and typically up to three years from issue. They are functionally identical to most other listed options, except with longer times until expiration. A LEAPS contract grants a buyer the right, but not the obligation, to purchase or sell (depending on if the option is a call or a put, respectively) the* [*underlying asset*](https://www.investopedia.com/terms/u/underlying-asset.asp) *at the predetermined price on or before its expiration date.* + +IE: LEAPS are LONG term calls. **At least** 3 months out. Personally I like ATM year leaps. They make your account print fucking hard as shit. They might cost more, but they will print harder. **You're buying theta here.** + +**EXAMPLE 1:** + +$100 stock + +You can buy a 365 DTE 10.00 Call strike and because you are basically taking NO risk in this case...you will be getting no extrinsic value on that call. There is about a 100% chance that it will be exercised. So that call right now will be worth $90. It's all intrinsic value. Similarly...as the stock price goes up and down the value of this option will track that almost 1:1. If the stock goes up 20, the call will go up about 20. If the stock goes down 15, the call will go down 15. + +You can also buy a 365 DTE 200.00 Call strike and because the chance of this stock increasing 100% in 1 year is extremely low, this call will have about zero intrinsic value and all extrinsic value and will be very cheap. Maybe a $1-$2 at best. Moreover...as the stock price moves up and down the value of this option barely budges, especially in the lower ranges. + +Now compare to a 365 DTE 100.00 Call strike. There is a lot of risk here. Currently there would be no intrinsic value to this option as 100 - 100 is zero, but there is a substantial amount of extrinsic value. Might be worth $15. The value of this option also changes significantly even with minor 5% changes in stock price. + +So basically no risk buying very deep ITM and deep OTM calls. The most substantial risk takes place ATM. + +So I look at deep ITM LEAP calls as a stock replacement strategy, and OTM calls as a speculative strategy. One could also look at deep OTM calls as a very bullish strategy that comes with near 100% of losing your debit, because if that stock price never appreciates as much as you think it will not substantially change in value. + +Case in point...as a mental exercise. A stable company has a stock price of 100. It's beta is 1.3 (low volatility). You buy a 365 DTE 200.00 call and spend $0.50. How much would the stock price have to go up, and by when, for you to call option to double in value? Remember even at expiration if the stock price is $199, that call is worthless. + +I think also you should note that deep OTM LEAPs have very high vega and if you buy a LEAP on a particular ticker during very low volatility, the stock doesn't really have to go up all that much for you to turn up a large profit. As long as there is a spike in volatility, you will make gains due to LEAPs having very high vega. + +***If you cannot watch the stock everyday I encourage you to do LEAPS.*** + +Also, please feel free to **ASK PEOPLE** before you jump into something you're unsure of and will end up with a losing position and a loss. + +I hope this help new people, sorry if any of this information was previously posted. + +Good Luck! + +EDIT: If anyone needs further help, please feel free to reach out to me. Also, anyone that wants to criticize what I am saying, **feel free to make your own post.** +Elimination of Long-Term Debt Further Strengthens Company’s Balance Sheet and Supports Transformation + +GRAPEVINE, Texas, May 03, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that on April 30, 2021 it completed its voluntary early redemption of $216.4 million in principal amount of its 10.0% Senior Notes due 2023. This voluntary early redemption covered the entire amount of the outstanding 10% Senior Notes, which represented all of the Company’s long-term debt. + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-completes-voluntary-early-redemption-senior-notes +You **gotta** start sorting by new and upvoting info that’s already been posted instead of just slapping down your screenshot that’s already been shared 2947 times. We know you can vote on a new broker now and hell yeah that’s incredible! But sorting by rising, all you see is a clutter of voting screenshots. My daily routine is to wake up and browse the subreddit for new info/hype material. I did that for about 10 seconds before I realized it was useless bc the entire subreddit was flooded with the same exact screenshot. + +PLEASE hype one post if it’s relevant to what you wanna say. DON’T create fifty seven more posts of the exact same thing, it’ll scare off new apes and dilute the quality of this sub. Post a funny meme, post text about why this new voting info is incredible, just *pls* stop sharing nothing but another screenshot, I beg you. +Is anyone familiar with tax implications for stock options in Canadian startups? + +I have 160k stock options that have all vested, with an exercise price of $0.30 per share. The current FMV of the shares is $4. + +I am about to receive ~$50k as deferred payment for my work this year while compensation was temporarily diminished. + +I'm wondering if I should put this towards purchasing my stock options now, which would cost $48k. + +According to this site: + +https://madanca.com/blog/taxation-of-stock-options-for-employees-in-canada/ + +I need to hold my shares for 2 years to qualify for a 50% deduction on the taxes owed when I do decide to sell these shares. + +OR do I qualify already, under the 2nd criteria listed: "The exercise price is at least equal to the fair market value of the shares when they were granted to you." + +When they were granted to me, they were actually worth $1.60 / share. So I don't *think* I qualify, but I may be missing something here. + +This makes me think I should purchase my shares now, rather than put the $50k in the market. + +I am also unclear on how this plays into the Lifetime Capital Gains Exemption, as listed here: + +https://turbotax.intuit.ca/tips/claiming-the-capital-gains-exemption-376 + +I think this is relevant but I am not entirely sure. + +Any insight at all would be helpful. +Good Sunday morning to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. + +Here is everything you need to know to get you ready for the trading week beginning February 22nd, 2021. + +# **Stronger economic data could power stocks that thrive in a rebound in the week ahead - [(Source)](https://www.cnbc.com/2021/02/19/stronger-economic-data-could-power-stocks-that-thrive-in-a-rebound-in-the-week-ahead.html)** +***** +> A decline in new Covid infections, along with improving economic data and stimulus hopes, could boost stocks that flourish in a resurging economy in the week ahead. +***** +> In the past week, expectations for a strong economic rebound helped boost interest rates. +***** +> While the broader stock market was choppy, sectors that do well in a rebound – financials, airlines and industrials – stood out as leaders. This is known as the reflation trade. +***** +> Those stocks gained at the expense of growth and technology, down 2%. Strategists expect that reflation trade to continue as signs suggest that the economy could make a sharp comeback. +***** +> The S&P 500 was down 0.7% on the week to 3,906, while the Dow was up a tiny 0.1% at 31,494. The Nasdaq was off 1.57% for the week, to 13,874, with the decline in tech. Apple, for instance, gave up 4% on the week. +***** +> The big event in the week ahead is testimony from Federal Reserve Chairman Jerome Powell, who delivers his semi-annual testimony on the economy before the Senate Banking Committee on Tuesday and the House Financial Services Committee Wednesday. +***** +> He is expected to discuss the increase in interest rates, as well as concerns that inflation could begin to take off. +***** +> “He’s going to have to acknowledge that the data is improving and the virus situation is improving quite materially,” said Mark Cabana, head of U.S. rates strategy at Bank of America. “It is going to be hard for him to sound as dovish as he has been.” +***** +> But Powell is expected to continue to emphasize that the Fed will keep rates low for a long time and maintain its easy policies to help the economy. +***** +> # Improving forecasts +> Economists this past week ratcheted up tracking forecasts for first quarter gross domestic product, fueled in part by an unexpectedly sharp jump of 5.3% in January retail sales. +***** +> Goldman upped first-quarter growth to 6%, and Morgan Stanley said it was tracking at 7.5% for the first quarter. Economists linked the surprise gain in retail sales to stimulus checks sent to individuals under the last $900 billion stimulus program approved by Congress in late December. +***** +> The Biden administration has proposed another $1.9 trillion Covid relief package. That could come before the House of Representatives in the coming week. +***** +> ″[Powell’s] going to stick to the script. The script is lawmakers need to continue to provide support for the economy. He’s going to be supportive of the administration’s effort to get a big package through,” said Mark Zandi, chief economist at Moody’s Analytics. +***** +> # Key data during the week +> Earnings continue to be important. There are more than 60 companies reporting, including Home Depot, Macy’s and TJX. +***** +> Key economic reports dropping next week include durable goods on Thursday, along with personal income and spending data on Friday +***** +> The Friday report includes the personal consumption expenditure price index, which the Fed monitors. The market is on the lookout for signs of rising inflation. +***** +> “I think the boom is going to start sooner than most people think,” said Ed Keon, chief investment strategist at QMA. +***** +> He said the stronger economy is helping drive Treasury yields higher, with the 10-year hitting a one-year high of 1.36% on Friday. Keon said the vaccine rollout is helping the outlook, as is the slowing spread of the virus. +***** +> “I think people were expecting a second-half boom, but I think the second quarter is going to be very strong, as people change their behavior,” he said. +***** +> “The caution when it comes to savings and not going out, that’s going to go away sooner than we think,” Keon said. “Right now, you might see a 10% GDP number in the second or third quarter. That’s also due to the fact we’re likely to get a big stimulus package.” +***** +> He said investors are underestimating the surge in economic activity that should start in March and pick up steam in the second and third quarter as more people resume dining out and other activities. +***** +> “I think the world is going to look very different than it has over the past 12 months. We’re still bullish. We’re still overweight stocks,” Keon said. +***** +> He said a flood of money could hit the economy. +***** +> “The size of the U.S. economy last year was about $21 trillion,” Keon added. “Households now have excess savings of about $1.5 trillion and the stimulus package probably will be in the vicinity of $1.2, $1.6 trillion.” +***** +> He said the service sector should start to see a benefit that has been lifting the goods making side of the economy. “You’re going to see an incredible boom.” +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/KHikwKA.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/qGZEgZB.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/E5ZhAnt.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/TIhMYEf.png))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/Y65lpFs.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/EY3NC9X.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/wmMRYoi.png)** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/VasEMj8.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/uT5kxuP.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/uOalt0h.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/SMspx2i.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/RP7xVdo.png))** + +***** + +> # Value Outperforming Growth But Only for Large Caps + +> While the S&P 500 traded lower today, value stocks had a strong finish to the week. Starting with a look at dividend stocks, the iShares Select Dividend ETF (DVY) rose 1.35% today for its best day since January 6th when DVY rose nearly 4%. As shown below, DVY has recently been on a tear. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-DVY.png))** + +> Along with the dividend ETF (DVY), the iShares S&P 500 Value ETF (IVE) rose 0.31%, reaching a new 52-week high intraday. That compares to the growth counterpart, the iShares S&P 500 Growth ETF (IVW), which saw a bearish engulfing on its 0.65% decline. Today was the widest outperformance for value (IVE) over growth (IVW) since mid-January. As shown below, while both are still trending nicely higher long-term, the value ETF is at new highs while growth is closer to its 50-day moving average. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-SP.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-SP.png))** + +> Value's outperformance today only applied to large caps, though. While small caps have fallen over the past several sessions, the Russell 2000 Growth ETF (IWO) and Russell 2000 Value ETF (IWN) both rebounded nicely today with identical gains of 2.08%. In the case of small-cap growth (IWO), the recent declines have been more severe meaning today's strong performance still leaves it further below its highs than small-cap value (IWN). + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-R2K.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-R2K.png))** + +***** + +> # Industrial Metals Shining Bright + +> While precious metals like gold have been facing their fair share of selling recently alongside rates, elsewhere in the metals markets, industrial metals have been surging. Year to date, industrial metals—as proxied by the Bloomberg Industrial Metals total return index—are up 11.43% while their precious metals counterpart is down by over 4%. With a fairly flat January, most of those gains have come from this month alone. As shown below, so far this month the Bloomberg Industrial Metals index has risen 11.41% for its strongest performance through the first 14 trading days of a month since September of 2012. Going back to the start of the index in early 1991, the only other months with stronger performance were March of 2008 (11.42) and April of 2006 (14.94). + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-Metals-1.png))** + +> Again, whereas industrial metals are flying, precious metals have been trending lower since the summer. In the chart below, we show the relative strength of the Bloomberg Industrial Metals index versus the precious metal counterpart index over the past five years. Times that the line is rising indicates outperformance of industrial metals and vice versa. Precious metals had been outperforming since mid-2018, but the relative strength line bottomed out back in August of last year. From then through the late fall, industrial metals outperformed, and after some consolidation from November through the end of January, industrials are once again outperforming in a big way. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-Metals-3.png))** + +> Delving deeper, tin, copper, and nickel have been leading in those gains. As shown in the charts below, both year to date and over the past year, these three metals have risen the most with tin in the number one spot in both respects. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-Metals-2.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-Metals-4a.png))** + +***** + +> # One Year Later: 3 Lessons Learned Since the Market Peak + +> “Bulls make money, bears make money, and pigs get slaughtered.” Old Wall Street saying. + +> Today marks one year since the market began to price in the effects that COVID-19 would have on the world. The old market adage “stairs up, elevator down” certainly rang true over the coming weeks, as the S&P 500 recorded the fastest bear market (closing 20% below a previous all-time high) in history, accomplishing that feat in a mere 16 days. + +> The stock market is a peculiar mechanism however, and despite the turmoil the world has experienced since the outbreak of the pandemic, the S&P 500 marched forward to set new all-time highs less than 6 months later on August 18 and hasn’t looked back. So after such a wild year since the market peaked on this day in 2020, what have we learned? + +> **1. Markets are forward looking.** While it’s difficult to pin down a date when we can expect our lives to completely return to normal, the stock market is already pricing in the normalization of daily life, even if that remains uncertain. Economic conditions around the world have been improving relative to how they were at the beginning of the pandemic. While pockets of weakness remain, the market is more concerned with where the economic conditions will be, not where they are currently. + +> **2. Sector performance is dynamic.** Investing in “stay at home” themed growth and technology stocks whose earnings were viewed to be relatively well insulated by the effects of the pandemic and subsequent lockdowns provided both downside protection during the March volatility as well as outperformance after the market bottomed. However, as shown in the LPL Chart of the Day, conventional early-cycle leadership from financials and energy stocks has emerged over the past three months: + +> ###### **([CLICK HERE FOR THE CHART!](https://i2.wp.com/lplresearch.com/wp-content/uploads/2021/02/2.19.21-Blog-Chart-1.png?ssl=1))** + +> **3. Remember your timeline.** Everyone would love to be able to pull their money at the exact top, avoid all major market corrections and reinvest at the bottom, but unfortunately, there is no holy grail timing mechanism and market volatility is the cost of admission for stock investing. “It’s our jobs as investors to focus on our long-term goals,” noted LPL Financial Chief Market Strategist Ryan Detrick. “Drawdowns and bear markets are part of the path to get there, and limiting the latest shiny object from affecting our decisions is key to any investment strategy.” If an investor pulled their money from the market during last year’s volatility, there have been a plethora of reasons to be hesitant to reinvest it, and the subsequent bounce from the lows happened in a flash, meaning they may have bought back in at a higher price than they originally sold. + +> Thankfully, bear markets and extreme volatility like we experienced last year are rare, but they provide a unique learning opportunity for investors. No one truly knows what the future holds for the stock market, so making sure we learn from the past is crucial for long-term success as investors. For more on our market and economic views, check out our most recent Global Portfolio Strategy publication. + +***** + +> # Stimulus Matters: Retail Sales Rebound Big in January + +> The US economy had a tumultuous year in 2020, to say the least, and after rebounding strongly in the third quarter, the holiday surge in COVID-19 cases increased the risk that the economy may stumble heading into the new year. The sharp increase in new COVID-19 cases led to additional curbs on activity to contain the virus, triggering a rise in weekly jobless claims, and many feared we might have a double-dip recession. + +> Sensing a need to act, Congress passed a fifth relief bill at the end of December, including additional direct payments to households. The lame-duck injection of fiscal stimulus to the US economy was just what it needed. Following a weak retail sales number in December—ordinarily one of the strongest months for retail sales—consumer spending rebounded firmly in January, rising 5.3% month over month according to the US Census Bureau—the most in seven months—and greater than all of the estimates in the Bloomberg economist survey. + +> Looking under the hood makes the headline number even more remarkable. As shown in the LPL Chart of the Day, the largest month over month increases came in categories associated with discretionary spending, including a 23.5% surge in spending at department stores: + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2021/02/Blog-2.18.21.png?ssl=1))** + +> “Fiscal stimulus was just what the doctor ordered for the US consumer in January,” added LPL Financial Chief Market Strategist Ryan Detrick. “The boom in spending on discretionary categories could become a trend if a wave of pent-up demand gets unleashed on the economy in 2021.” + +> Clearly, direct payments to households had a major effect on January’s retail sales, so does this mean that February sales will disappoint? Not exactly. Direct payments to households totaled roughly $166 billion, but the increase in January sales was only $29 billion and the savings rate remains high. Of course, not all of that money was spent on retail items, but there may be some gas left in the tank for February retail sales, particularly by individuals who didn’t receive their payments until later in the month or who will be receiving a credit on their federal tax returns. + +> Earlier this month, we raised our gross domestic product (GDP) forecast for the US from 4–4.5% to 5–5.5%. Yesterday’s retail sales number puts us on a solid path toward achieving that target—and may even raise the prospects of exceeding it. The first quarter of 2021 is expected to be the weakest of the year, so the January surge in retail sales removes much of the risk of the US economy stumbling out of the gates as we begin 2021. + +> However, a strong start to the year may embolden the call for a smaller price tag for President Biden’s fiscal stimulus proposal. Despite this, we ultimately believe a stimulus package north of $1 trillion is likely, which should prime the US economy for continued growth in 2021 as the battle against COVID-19 improves. + +***** + +> # Tech Leading in New Highs + +> The S&P 500 has been reversing from its record highs over the past couple of sessions, but on an individual stock basis there are still a large number of names that have reached new 52-week highs. As shown in the charts from our Daily Sector Snapshot below, through yesterday's close, a net percentage of just over 15% of the S&P 500 reached new 52-week highs. That is the strongest reading in new highs since January 12th. Outside of several days at the start of 2021, the only other days of the pandemic era with as high if not higher readings were September 2nd, October 9th, and November 9th. Most of the sectors are also seeing their number of new highs rise to strong levels. In addition to the S&P 500, yesterday's reading for Communication Services, Financials, Materials, and Tech all were in the top decile of all days since at least 1990. In the case of Materials, while new highs have been trending higher and yesterday's reading was historically strong, it was still well off the record highs from earlier this year. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021721-NNH.png))** + +> On the other hand, perhaps the most impressive sector in terms of net new highs has been Technology. Yesterday, 35.53% of the sector's stocks reached a new 52-week high. Not only is that the highest reading with respect to the other sectors, but that high reading also stands in the top 0.5% of all days for the sector since at least 1990. In other words, there have only been 38 other days since 1990 that the Tech sector saw as strong of a reading in net new highs as yesterday. The most recent of those was November 9th when 43.84% of the sector touched a new 52-week high. Overall, in the context of more broadly positive breadth with strong readings in new highs for other sectors, Tech's large number of new highs is an added plus for the broader market given the massive 28.08% weight of the sector. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021721-NNH-Tech.png))** + +***** + +> # Small Cap Growth Taking the Lead + +> One of the topics we covered in last Friday's Bespoke Report was the outperformance of small caps over the past year. Even on a much shorter time horizon, that outperformance has been evident. As shown in the snapshot of our Trend Analyzer below, in the five days ending last Friday and on a year to date basis, both Small Cap Growth (IJR) and Small Cap Value (IJS) have been two of the top-performing ETFs in our US Styles screen while large-cap counterparts have also been higher but with more modest gains. With a particular focus on growth stocks, while the S&P SmallCap 600 Growth (IJT) ETF was up the most of these ETFs last week with a 3.96% gain, the S&P 500 Growth ETF (IVW) was the second-worst performer after 'only' rising 1.05%. That continued a trend that has been in place YTD with the performance spread between the two ETFs topping ten percentage points. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021621-TA.png))** + +> We are coming up on the one-year anniversary of the last highs on February 19th, 2020 just before the COVID crash. For most of the past year since then, large-cap growth (IVW) had actually been outperforming small-cap growth (IJT), but since the new year began, small-cap growth has jumped ahead. Now, the S&P Small Cap Growth ETF (IJT) is up 35.31% since the 2/19/20 high compared to a 28.16% gain for the S&P 500 Growth ETF (IVW). As shown in the second chart below, IJT had been catching up on IVW for some time now though. The relative strength line of IJT versus IVW had been in a downtrend for most of the past five years meaning large-cap growth had been generally outperforming the small-cap counterpart. Since the lows last March, the line trended sideways meaning neither one saw significant outperformance, but come the fall, the line has taken off in favor of small caps. With more outperformance in the past week and a half, that line has turned sharply higher once again reaching the highest level since December of 2019 last week. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021621-Small-vs-large-2a.png))** + +***** + +> # Is A/D Line Signally Late-February Weakness? + +> Back on January 21 in our February Almanac post our Market Probability Chart highlighted the pattern of late-February seasonal weakness. A disappointing jobless claims number today appears to be the straw the sent the market lower. In this chart of the NASDAQ 100 Index (NDX) I have overlaid the NASDAQ Composite Advance/Decline Line. The NASDAQ A/D Line peaked and flattened out about six trading days ago and is now heading lower. + +> This coincides with the seasonal pattern of late-February weakness. However, we expect recent support to hold above 13,000. Should that level be breached major support exists around the old September doji high of 12,240. Considering how far the market has come in the face of some formidable economic and pandemic obstacles and how frothy sentiment had become, a little consolidation and pullback is to be expected. + +> We may see some further weakness into month-end and into March, but with vaccine rollout gaining some traction, more stimulus likely and a supportive Fed we do not expect any major selloff at this juncture. + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/e5f4b2427b7d5d4b28aae29e57eecf9b/74d4cbea052ab1c5-33/s500x750/45f747ae1ae952b17ebfa05517216899ec4f49ae.jpg))** + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/uT5kxuP.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.imgur.com/jtxCols.png))** +###### **([CLICK HERE FOR THE MOST ANTICIPATED EARNINGS RELEASES BEFORE MONDAY'S MARKET OPEN!](https://i.imgur.com/b6PPTlQ.jpg))** + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 2.22.21 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/EcVeV4l.png)) + +> # ***Monday 2.22.21 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!](https://i.imgur.com/Iz5xLzt.png)) + +***** + +> # ***Tuesday 2.23.21 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/4p4q8a9.png)) + +> # ***Tuesday 2.23.21 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/EgzN86P.png)) +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/ODRTBoH.png)) + +***** + +> # ***Wednesday 2.24.21 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/3udXvVZ.png)) +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/sMcEWeM.png)) + +> # ***Wednesday 2.24.21 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/EHTrDMd.png)) +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/bzVMSxO.png)) +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!](https://i.imgur.com/79N1qSy.png)) + +***** + +> # ***Thursday 2.25.21 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/WwOgLCj.png)) +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/wZD3pAb.png)) + +> # ***Thursday 2.25.21 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/FztoNlM.png)) +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/MuAL2DJ.png)) +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!](https://i.imgur.com/gkCoskC.png)) + +***** + +> # ***Friday 2.26.21 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/UCHvMLo.png)) + +***** + +> # ***Friday 2.26.21 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/To6WCZh.png)) +(NONE.) + +***** + +> # NVIDIA Corp. $597.06 +**NVIDIA Corp. (NVDA)** is confirmed to report earnings at approximately 4:20 PM ET on Wednesday, February 24, 2021. The consensus earnings estimate is $2.80 per share on revenue of $4.83 billion and the Earnings Whisper ® number is $3.26 per share. Investor sentiment going into the company's earnings release has 84% expecting an earnings beat The company's guidance was for earnings of $2.63 to $2.95 per share. Consensus estimates are for year-over-year earnings growth of 50.54% with revenue increasing by 55.56%. Short interest has increased by 9.0% since the company's last earnings release while the stock has drifted higher by 13.0% from its open following the earnings release to be 25.0% above its 200 day moving average of $477.72. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, February 8, 2021 there was some notable buying of 5,340 contracts of the $580.00 call expiring on Friday, March 19, 2021. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 3.3% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=NVDA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Square, Inc. $276.57 +**Square, Inc. (SQ)** is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, February 23, 2021. The consensus earnings estimate is $0.24 per share on revenue of $3.10 billion and the Earnings Whisper ® number is $0.34 per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 4.00% with revenue increasing by 136.02%. Short interest has increased by 11.3% since the company's last earnings release while the stock has drifted higher by 49.3% from its open following the earnings release to be 69.5% above its 200 day moving average of $163.16. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, February 4, 2021 there was some notable buying of 8,562 contracts of the $260.00 call expiring on Friday, March 19, 2021. Option traders are pricing in a 9.5% move on earnings and the stock has averaged a 8.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=SQ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Moderna, Inc., $174.74 +**Moderna, Inc., (MRNA)** is confirmed to report earnings at approximately 7:00 AM ET on Thursday, February 25, 2021. The consensus estimate is for a loss of $0.25 per share on revenue of $326.58 million and the Earnings Whisper ® number is ($0.17) per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 32.43% with revenue increasing by 2,223.59%. Short interest has decreased by 26.9% since the company's last earnings release while the stock has drifted higher by 155.7% from its open following the earnings release to be 91.8% above its 200 day moving average of $91.12. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, February 4, 2021 there was some notable buying of 3,120 contracts of the $190.00 call expiring on Friday, April 16, 2021. Option traders are pricing in a 10.0% move on earnings and the stock has averaged a 8.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MRNA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Plug Power, Inc. $55.89 +**Plug Power, Inc. (PLUG)** is confirmed to report earnings at approximately 7:00 AM ET on Thursday, February 25, 2021. The consensus estimate is for a loss of $0.07 per share on revenue of $83.34 million and the Earnings Whisper ® number is ($0.09) per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 16.67% with revenue decreasing by 9.08%. Short interest has decreased by 42.8% since the company's last earnings release while the stock has drifted higher by 187.4% from its open following the earnings release to be 159.1% above its 200 day moving average of $21.57. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, February 8, 2021 there was some notable buying of 10,007 contracts of the $30.00 call and 10,000 contracts of the $27.00 put expiring on Friday, January 20, 2023. Option traders are pricing in a 13.6% move on earnings and the stock has averaged a 6.6% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=PLUG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Salesforce $246.56 +**Salesforce (CRM)** is confirmed to report earnings at approximately 4:05 PM ET on Thursday, February 25, 2021. The consensus earnings estimate is $0.74 per share on revenue of $5.68 billion and the Earnings Whisper ® number is $0.81 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat The company's guidance was for earnings of $0.73 to $0.74 per share. Consensus estimates are for year-over-year earnings growth of 42.31% with revenue increasing by 17.09%. Short interest has increased by 45.9% since the company's last earnings release while the stock has drifted higher by 9.3% from its open following the earnings release to be 12.4% above its 200 day moving average of $219.29. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, February 16, 2021 there was some notable buying of 9,921 contracts of the $190.00 put expiring on Friday, March 19, 2021. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 7.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CRM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # DraftKings Inc. $60.91 +**DraftKings Inc. (DKNG)** is confirmed to report earnings at approximately 7:00 AM ET on Friday, February 26, 2021. The consensus estimate is for a loss of $0.56 per share on revenue of $229.70 million and the Earnings Whisper ® number is ($0.55) per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. The stock has drifted higher by 34.2% from its open following the earnings release to be 40.4% above its 200 day moving average of $43.39. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 17, 2021 there was some notable buying of 4,991 contracts of the $55.00 put expiring on Friday, February 26, 2021. Option traders are pricing in a 9.5% move on earnings and the stock has averaged a 8.4% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=DKNG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Home Depot, Inc. $279.64 +**Home Depot, Inc. (HD)** is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, February 23, 2021. The consensus earnings estimate is $2.61 per share on revenue of $30.45 billion and the Earnings Whisper ® number is $2.74 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 14.47% with revenue increasing by 18.11%. Short interest has increased by 39.1% since the company's last earnings release while the stock has drifted higher by 2.8% from its open following the earnings release to be 4.9% above its 200 day moving average of $266.45. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, February 17, 2021 there was some notable buying of 2,578 contracts of the $290.00 call expiring on Friday, February 26, 2021. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 2.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=HD&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Domino's Pizza, Inc. $371.46 +**Domino's Pizza, Inc. (DPZ)** is confirmed to report earnings at approximately 7:30 AM ET on Thursday, February 25, 2021. The consensus earnings estimate is $3.79 per share on revenue of $1.38 billion and the Earnings Whisper ® number is $3.85 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 21.09% with revenue increasing by 19.96%. Short interest has increased by 43.8% since the company's last earnings release while the stock has drifted lower by 8.5% from its open following the earnings release to be 4.1% below its 200 day moving average of $387.16. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 7.0% move on earnings and the stock has averaged a 8.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=DPZ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Jumia Technologies AG $55.92 +**Jumia Technologies AG (JMIA)** is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, February 24, 2021. The consensus estimate is for a loss of $0.46 per share on revenue of $49.45 million. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Short interest has decreased by 38.8% since the company's last earnings release while the stock has drifted higher by 326.9% from its open following the earnings release to be 163.7% above its 200 day moving average of $21.21. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, February 17, 2021 there was some notable buying of 3,805 contracts of the $67.00 call expiring on Friday, February 26, 2021. Option traders are pricing in a 19.5% move on earnings and the stock has averaged a 19.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=JMIA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Overstock.com, Inc. $101.20 +**Overstock.com, Inc. (OSTK)** is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, February 24, 2021. The consensus earnings estimate is $0.30 per share on revenue of $730.40 million and the Earnings Whisper ® number is $0.39 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 141.10% with revenue increasing by 96.94%. Short interest has decreased by 2.7% since the company's last earnings release while the stock has drifted higher by 23.4% from its open following the earnings release to be 64.8% above its 200 day moving average of $61.43. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, January 19, 2021 there was some notable buying of 1,557 contracts of the $50.00 call expiring on Friday, March 19, 2021. Option traders are pricing in a 16.3% move on earnings and the stock has averaged a 14.1% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=OSTK&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great week ahead r/stocks. +Driverfaster made a post [here](http://www.reddit.com/r/Economics/comments/eqs8t/fuck_reconomics_i_want_a_place_for_real_economics/), lamenting the absence of a serious economic discussion. I replied to Driverfaster, promising that I will discuss one with him/her. So here it is and I hope this discussion will give Driverfaster and others the pleasure of discussing. +------------------------------------ +[Disclaimer]I am an Austrian economic boy[/end Disclaimer] +All of my writings thereafter are the reflection of my understanding of economy. If there is a error or misquote, the mistake is all mine. +------------------------------------ + +Let get start with the fundamentals of the economy and economics. Economy is the sum of the all human activities. Economics is the study of how humans act to achieve their desires through production of a tangible or intangible, the understanding of a mean to an end. + +Economics is a value-free science; economics cannot determine which end is more praiseworthy than another. Whatsoever reason the person pursues for, it is the means, i.e., actions that determine if the pursuit is economic or not. The determination of value or ethical of the end or desire belongs to the realm of Ethics. Aforementioned statement does not mean economics exist in vacuum, as a stand alone, but to be one field of science among other sciences in human knowledge that the human uses in whole to evaluate a life choice and the nature of the universe. + +As I mentioned in disclaimer, I am an Austrian therefore my understanding of economics is influenced by that school of thought. Economics start with the basic a premise: human acts. It is a given statement, a prior. It is the individual action that all economic analysis must starts with; there is no group without individuals. Human society is interdepartmental structure. A hermit may thinks s/he is independent from influences of human society, however a person can come into the hermit life and interacts with the hermit one day. + +Economics is a field of science where experiment is not the efficient way to demonstrate a theory but reasoning and understanding of human nature are. Other field of sciences such as physical science can have controlled experiments to disprove or prove a hypothesis. Social science, where economics belong to, can not have a controlled experiment; a human society cannot be subjected to a controlled experiment because by its nature, human society is chaotic. An equation cannot predict or determine a human action. Human being cannot be reduced into an equation. Who is to says human A worth more than human B? Therefrom, a best way to develop an understanding of human activity is through reasoning of human behavior and consequence thereof. + +Humans can be either irrational or rational in face of economic obviousness; it is a nature of human to be governed by passion and reasoning, which one of the twos are stronger than another in certain times. Economics cannot assume that humans will pick the most economic activity; economics only can say this is activity is better than another because A produces more economic result than B. In no way economics can dictate a human to choose B or A, that is for the fields of ethics and politics to deal with. That why from time to time, humans sometimes do a very stupid and uneconomic activity such as government intervention, manipulation of prices, build inefficient factory, purchase useless land for farm, buy a higher priced good from relative than a cheaper good from stranger, and many others. Market is not perfect and is never at equilibrium. Humans always change their preferences and activities always change. Heraclitus said it best, *The only constant in the universe is that there is no constant* + +The value of good or service to a person is determined by that person's judgment. The value of good or service is determined by the usefulness of that to the person. The price of the product or service may be less than the cost of production such as promotional price, discount, or end of season sale, or may be greater than the cost to have profit, to reflect scarcity, or to respond to the demand. That is one of reasons why Karl Marx's theory of labor is incorrect. Marx assumed in his series of work, *Kapital*, that the value of product or service is determined by the input of the labor. A famous response to that theory is diamond; why diamond worth so much if one finds a diamond on the ground effortlessly? Diamond worth so much because the value the people give to the diamond based on beauty, color, history, cutting, location, or sentimentality. +------------------------------------ + +I think I have started plenty of topics to discuss to satisfy Drivefaster's desire for a real economic talk. I hope this will lead a good discussion or perhaps redditers will doom it to oblivion. +### Welcome to the fourth /r/economics Graduate School Panel! + +---- + +It's fall, and many of our users are submitting their applications now for the current cycle. If you have any questions about preparation and applications, ask away! Or, if you're thinking about econ grad school in the future, feel free to ask about planning and programs too. + +---- + +The following users have already agreed to offer their time and answer questions (thanks folks!): + +Panelist | Degree | Current Status | Additional Details +---|---|----|---- +/u/Aconmatrix|MA, Economics||AMA about South Africa's economy, Universities, and Economics courses +/u/be_throwmeaway | MA, Economics and Finance | 1st Year | +/u/Caesar1994- | MA, Economics| 1st Year | +/u/DennisDu | MS, Applied Economics and Finance, | 1st Year | +/u/DriftingSkies |PhD, Economics|5th Year| planning to pursue other work opportunities at the ABD stage +/u/fmn13 | MA, Economics | Degree | Canadian program +/u/glah_king | MS, Economics | 1st Year | Got my BA in the US, doing my Masters internationally. +/u/iamelben | PhD, Economics | 2nd Year | +/u/Jericho_Hill|PhD, Economics|Degree|Urban Economics +/u/jsgrova | MS, Economics | Degree | currently working in an actuarial function for an insurance company. +/u/los_thunder_lizards | PhD, Economics | Degree | 2nd year faculty in environmental and natural resource econ +/u/lowskilled_immigrant|MA, Economics|Degree|Working in data analysis now. +/u/LuckstYle | PhD, Quantitative Political Science | 1st Year | German BA, MSc and PhD programs, interdisciplinary +/u/marpool|MA, Economics||I would be happy to answer questions about UK masters and advice for UK undergrads interested in applying for PhDs. +/u/MrDannyOcean | MS, Statistics | Degree | If anyone is interested in doing the undergraduate economics to graduate statistics route, I'd be happy to talk. +/u/nash000999 |PhD, Economics|Degree|behavioral economics. After some years as a management consultant now working in industry. +/u/orangemaen | PhD, Economics | 3rd Year | +/u/person95 | PhD, Economics | 5th Year | +/u/Philosopher013|MA, Economics||non-economics (humanities) background +/u/Richard_Bolitho|MS, Applied Economics|1st Year| +/u/shetoru | PhD, Energy Economics | 2nd Year | +/u/upsidevii|PhD, Economics|2nd Year|I'd be happy to answer any questions about first year, surviving quals, admissions, and math prep. +/u/vodkahaze | | | +/u/wilderecon|PhD, Economics|2nd Year|Can offer perspective from outside the top 100. + +---- + +If you haven't volunteered yet for our panel, and would like to, please post a quick comment below describing your background. In particular, it would be great to hear if there's anything particular about the application process you can speak to (e.g. applying to grad school after significant work experience). PM the mods with your top-level comment, and we will add you to the table up here. + +As an incentive, volunteers will be awarded **special red flair.** By default, it will refer to your degree or status, but PM us if you want to customize it to your field/profession. + +---- + +In addition, we have the career resources and advice in our /r/economics wiki (thanks to /u/Integralds). There's a *lot* of information here. Check it out! + +* [Online Resources for Grad School Apps](https://www.reddit.com/r/Economics/wiki/career) +* [Advice for Undergrads](https://www.reddit.com/r/Economics/wiki/career_undergrad) +* [Grad School Application Checklist](https://www.reddit.com/r/Economics/wiki/career_courses) + +You can also browse our previous Grad School Panels: + +* [Grad School Panel I (Nov 2016)](https://www.reddit.com/r/Economics/comments/5f7p5o/reconomics_graduate_school_question_thread/) +* [Grad School Panel II (Feb 2017)](https://www.reddit.com/r/Economics/comments/5wcut1/second_reconomics_graduate_school_panel/) +* [Grad School Panel III (Jun 2017)](https://www.reddit.com/r/Economics/comments/6i1z8i/third_reconomics_graduate_school_panel/) + +----- + +This thread will run for the next two weeks. +I've been hearing some defence of Meta's outrageous R&D spend, claiming that this spend is required in order to progress hardware innovation and we should ignore the memes surrounding legs on avatars, as this is the software layer and is not where the money is going. Whilst I do not disagree that R&D on VR headsets is required for further adoption, I just want to put the scale into perspective: + +Apple's total R&D spend in the 7 years preceding the iPhone: $3.36bn + +Meta's R&D spend in Q3 2022 alone: $9.1bn + +Source: https://statstic.com/annual-research-and-development-expenses-of-apple-inc/ +I'm looking for a house in New Jersey and everything is expensive where I want to be. My budget is limited by my income but I have access to cash. + +I'm only looking in the 225k range - is it stupid to put down 150k as a down payment? + +My idea was to bring down my monthly while still getting a house that's decent. I figure why take a loan out at 7% if I have the funds available? + +I know the alternative is to invest the cash and eventually make more money, but I'm wondering if a medium risk investment would even yield more than 7% in the time I'd need it to. + +This is all still pretty conservative - I'd still have savings available and would invest (probably at high risk as I'm young). And I only anticipate my income growing once I decide to leave this easy job. I also have a 401k to grow. + +I know it's all relative but I'd appreciate any insight into my plan. + +**** +Edit: My goodness, thank you for all the feedback! I'm seeing both ends of the spectrum here and will take it all into account moving forward. + +I do want to clarify that the reason I'm considering the big down payment is only because I can't afford a decent house with my low income. My answer was to increase the down payment to make my monthly budget feasible while still ending up in a resellable house. My plan is to switch jobs, increase my income, and continue investing any surplus. + +It may sound financially irresponsible but the truth is I need to live, hopefully slightly comfortably, and I've been lucky enough to have a good father who left me an inheritance. I have no other debt at the moment and plan on working with a financial advisor. + +So I'm seeing that maybe I won't put down as much, but wanted to explain that only putting down 10-20% and investing the rest isn't really an option unless I want to live in a POS. Thanks for all your replies. +I’m in my mid 20s, so this is my first time witnessing high inflation rate. Tbh if the feeling sucks and with the numbers coming out, it doesn’t look like we’re closer to a recovery. I can’t imagine what it was like for those who went through those high inflation rates from early 70s to early 80s + + +Is there any advice advice you can give in terms of how to handle finances. Saving seems a bit pointless right now and stock market is taking a beating. Not in a position to buy a house just yet. +See title. + +MAIN EDIT: PER CS ALL CS SHARES ARE BOOK SHARES. IT SEEMS THEY HAVE AN INTERNAL SYSTEM THAT IS "LIKE" STREET SHARES SO THEY CAN SPLIT INTO FRACTIONS. HOWEVER THEY ARE IN YOUR NAME STILL. THIS MEANS YOU CAN GET FRACTIONAL DIVS. REST EASY APES. + +See the page one in the plan. +https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78 + + +THANKS, u/fewdea https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf + +Plan shares are labeled SP1 and get dividend reinvestment + +"Book" shares are labeled CA1 and get cash. + +That's all. + +All cancelling div reinvestment does is sell your partials And you pay $25 to not HODL. + +CALL CS. ALL SHARES ARE TECHNICALLY BOOK SHARES. + +STOP THE INSANITY + +Quick edit. See pages 8-9 of the DirectStock plan. + +Why would you risk selling for a benefit that you don't even know if it exists? + +For what it's worth I've asked every single time I've called if "plan" shares are technically book shares. Go call them and ask. + +What I did just in case was I left 1.2x shares in my DirectStock plan and I called and called and called until I got a helpful person to transfer some whole shares to "CA1 Book" designation. + +You should not even have to turn off cash to do this. + +Edit#2. Please see https://www.reddit.com/r/Superstonk/comments/png106/you_can_keep_your_fractional_shares_after_buying/hctqkkh?utm_medium=android_app&utm_source=share&context=3 + +Comment from u/jerks_and_lesbians And also comments from u/Staarlord and u/TheWheyThisIs + +Edit#3. Obligatory 🐋🦷🕓M and a hotdog is a sandwich. + +Just for the record I am NOT anti DRS. If you like it then awesome!! There is a way to do it without potentially selling shares and that is what I'm advocating for me personally. +There is no “US”. + +There is no “WE”. + +There is no “TOGETHER”. + +**There is only “I”, “ME”, “MYSELF”.** + +The SEC can use talk like that to investigate this sub, as well as you. Why? Because that’s stock manipulation. + +“I like the stock”. That’s all this is. I invest because I like the *fundamentals*. I do my own DD and am not following anyone. I am in this to make some money, as is the way of the sub. Taking profits and reinvesting at a lower price. + +Now, “Be excellent to each other.” “Party on dudes!” + +*I am not a financial advisor, a lawyer, or a cat; I simply like a stock* + + + +**An Edit for those missing my point:** + +The SEC likely wouldn’t investigate or prosecute anyone. The point of this post is, they absolutely would go and get this wonderful place, full of retardation and loss porn, removed from Reddit. That’s all I aim to prevent. I’d rather not see the community go up in smoke, just because a few dozen people don’t know how their words can have consequences on more people than just themselves. +With all the noise in the media about imminent major energy price hikes I decided to look at what the implications would be for my household and what we could do to mitigate it (if anything). A link to a spreadsheet breakdown is at the bottom of this. + +Background first - we live in a 4 bed detached newbuild. It was completed last October and is Energy Class B - if we stuck solar panels on it they'd categorise it class A but we can't afford them and it's not relevant to the maths. Otherwise it's as airtight and as insulated as you're reasonably going to get. We are heated via a gas combi boiler and have an electric oven and induction hobs. Unfortunately we have a baby (currently 17 months old) so last winter had to keep the house quite warm as a result. + +When we moved in back in October we inherited E.On as our supplier who stuck us on the price cap at the time. I looked around for offers but already there weren't any and the situation hasn't changed when I've periodically checked so we remain with E.On today. + +Until March 2022 our cost per kWh was 20.381p and 26.978p for electricity and gas respectively. They hiked it in April to 26.31 and 42.619 respectively, that's an increase of 29.1% for electricity and 58.0% for gas. + +The latest media reports suggest the price cap will move in October from £1971 per year on average to £3420 and potentially to £3850 on January according to one analyst ([Guardian article on it dated 27/07/22 here](https://www.theguardian.com/money/2022/jul/27/uk-energy-bills-forecast-to-hit-3850-pounds-russia-cuts-gas-supply-further-europe-pipeline)). + +I calculated the price increase in percentage terms (73.5% and then 12.6%) using those numbers to project likely future bills. After that I pulled every bill from October 2021 to May 2022, smoothed out the invoices to get a rough estimate of usage per day (because E.On bill at seemingly random time intervals instead of monthly) and then applied the cost per unit and standing charges for turn Vs now Vs future predictions. + +The results are not pretty. + +We spent £905.17 for electricity and gas combined between October to May with the worst month as you'd expect being January - a bill of £172.77. + +For October 2022 to May 2023 I project if we consume the same energy as last year and if the suggested price increases happen as per the guardian article I linked above then we would be billed a total of £2,304.31 with January alone being £519.13. + +The £400 credit to our energy bill courtesy of the government will still leave us with a shortfall of £909.14 to find. + +So, what to do? + +Our house is already up to spec on windows, doors and cavity insulation so not much can be done there. We are thinking of making thermal curtains (my wife is a dab hand with a sewing machine). + +But that won't be enough. + +So on Amazon Prime Day I treated ourselves to a Drayton wiser dual zone smart heating system. It cost £159.49 and I got six smart thermostatic radiator valves for £113.81 at the same time. I'll need another five valves to fully kit out the house but didn't have the spare cash at the time. + +What's one of those I hear you ask. I encourage you to Google it, but the short version is it's a clever box that turns your boiler on and off when any of the smart valves on your radiators demand it. The advantage is you can set each room temperature to what you want on an hour by hour basis, only heating where you'll be when you'll be there. For example I WFH 100% of the time so I'd heat the small bedroom i use as an office and turn all other radiators in the house off during office hours. Of course it's all controllable via your smart phone or tablet. + +What's the payback? Well, 30% reduction in heating demand suggests [this article](Https://wiser.draytoncontrols.co.uk/blog/russell-family-wiser-delivers-proven-energy-savings). Now that won't do anything about my electricity consumption nor even my standing daily charge for gas, but if I can punch a 30% hole in my gas usage then that's 30% off a current projection of £1,044.17. + +That would bring my gas consumption (still ignoring the daily standing charges) down to £730.92. + +Based on how much it'll cost (£159.49 for the controller, £303.91 for valves) vs. the £313.25 I potentially could save, it should pay for itself in just under a year. + +Thats all very well I'd you happen to have £460 lying around as I fortunately did. If you don't, like Martin Lewis from MSE I don't understand how the government expects most households to absorb this kind of hit. + +I'm now looking at alternative revenue streams to bridge the gap like impromptu mystery shopping. £30 a week would make the world of difference. + +[Link to the Google Spreadsheet for anyone that wants to deep dive my maths.](https://docs.google.com/spreadsheets/d/1JnAV3LekUHN6P5znSsLP1akyF3SFg1VIyj7rJWRc7Rg/edit?usp=drivesdk) + +<End> +Long story short, we ordered a table set from them. It didn't arrive complete and eventually the chairs were out of stock, so we returned it. My husband has confirmation of this. They didn't refund anything, so he inquired. They said because he had a chargeback open (this has dragged on for nearly three months now), they couldn't refund him. He canceled it against my warnings that this was not for him to solve. Now it's been weeks since we returned the items and they won't refund us at all or get in touch with us about it. It's like a scam company or something. I've never seen anything like it. + +Are we totally screwed since he canceled the chargeback (ARGH, no need to lecture me, I WARNED HIM NOT TO DO THIS...he says he was desperate and just wanted the money)? He can't reopen it. But there has to be some recourse here. They are literally holding on to OUR money. Is there anything? + +Also, never, EVER order from [Overstock.com](https://Overstock.com). + +EDIT! + +I was not clear in writing this initially. + +We DID deal with Overstock for a month before doing the chargeback. OMG, what a dick move to not even deal with the vendor first. That's not how I roll at all. + +We paid with a credit card. I don't approach chargebacks as a way to get free shit. We just wanted the table we ordered, and they were not being responsive or helpful in any way, shape or form. In my mind, that's when you have to turn toward the protection of your credit card. + +Look up their reviews. My story is far from an isolated incident. + +Thanks, everyone. +Fellow Aspiring FI's / FI's, + +My wife and I will be having a baby in a few months. + +I am very curious to learn about the strategies employed by those of you with kids to keep your kid-related expenses in check, while at the same time improving your savings rate and putting money away for the achievement of your FIRE goals. Which approach works/worked well for you? + +Also - what was your strategy regarding putting money away for your children's future? I am thinking about setting up a separate Vanguard S&P500 fund for the kids which we can use toward their education or maybe a down payment on a house for them. + +Thanks! +In about 100 days I will be free of work obligations, having been granted leave of absence (unpaid) for at least a year. I’m a bit nervous, but also excited at the same time. It will be a test of what life would be like down the line, and I have plenty of ideas on how to fill my days. + +For those of you who have done something similar, what are some things you wish you did or considered before untethering yourself from work, even if temporary? Any unforeseen hiccups? + +Also interested in any tips for ultimate return and readjustment to work for those of you who decided to go back. + +Thanks! +Hey all, I've been browsing and occasionally contributing to the sub for a couple years now. I am a 38M e-commerce entrepreneur based in TX who is fortunate enough to have both excessive money and free time. It would be nice to make local friends in the same situation for the occasional meet up. I absolutely do not seek to network or pitch anything to anyone, nor do I want to be on the receiving end of that. Just to expand my social circle. Interests include golf, gym, nice cars and trading. If there are lots of us, it could become a group chat. Eventually all should verify for each other, I invite feedback on the best way to do that. + +EDIT: Basic level verification, you tell me if it's solid :) [https://imgur.com/a/o7QmGCM](https://imgur.com/a/o7QmGCM) +I'm a 20 year old working my first stable job, but I only make $9\hour and I'm trying to save up a down payment for a used car. + +I work 35-40 hours a week, but I end up spending about $120-$160 a week on bills, leaving me with around roughly $100 give or take. + +But I always end up broke by Wednesday. + +So, basically what I'm asking for are tips on frugality. Any help would be appreciated. +I’m a part time student in community college working 2 jobs. I have 3,500 in my savings, zero credit and few monthly bills. I save more than 90% of my income from my 1st job and live off of my 2nd job which doesn’t pay as much. I drive an old beater car, live extremely frugal and am scared of seeing my money in my savings plummet. My family and friends are annoyed of my lifestyle as I work too much and don’t “treat” myself with shopping or trips out but I’m okay with that knowing I have money. However, I’m not sure if this is unhealthy or if anyone can relate to me. Should I stop being a freak with money? Am I always going to be like this and never really enjoy life as other people say? + + + + +Edit: I want to thank you all for your advice and even praise! I read through all comments and will for sure look into good advice I’ve seen I really appreciate your opinions and effort into giving me your advice. +An anonymous hacker claims to have leaked the entirety of Twitch, including its source code and user payout information. + +The user posted a 125GB torrent link to 4chan on Wednesday, stating that the leak was intended to “foster more disruption and competition in the online video streaming space” because “their community is a disgusting toxic cesspool”. + +VGC can verify that the files mentioned on 4chan are publicly available to download as described by the anonymous hacker. + +One anonymous company source told VGC that the leaked data is legitimate, including the source code for the Amazon-owned streaming platform. + +Internally, Twitch is aware of the breach, the source said, and it’s believed that the data was obtained as recently as Monday. We’ve requested comment from Twitch and will update this story when it replies. + + The leaked Twitch data reportedly includes: + +* **The entirety of Twitch’s source code with comment history “going back to its early beginnings”** +* **Creator payout reports from 2019** +* [**Mobile**](https://www.videogameschronicle.com/platforms/mobile/)**, desktop and console Twitch clients** +* **Proprietary SDKs and internal AWS services used by Twitch** +* **“Every other property that Twitch owns” including IGDB and CurseForge** +* **An unreleased** [**Steam**](https://www.videogameschronicle.com/platforms/pc/steam/) **competitor, codenamed Vapor, from** [**Amazon Game Studios**](https://www.videogameschronicle.com/companies/amazon-games/) +* **Twitch internal ‘red teaming’ tools (designed to improve security by having staff pretend to be hackers)** + +Some Twitter users have started making their way through the 125GB of information that has leaked, with one claiming that the torrent also includes encrypted passwords, and recommending that users enable two-factor authentication to be safe. + +Finally, the leaked documents allegedly show that popular streamers such as Shroud, Nickmercs and DrLupo have earned millions from working with the popular streaming platform. + +[https://www.videogameschronicle.com/news/the-entirety-of-twitch-has-reportedly-been-leaked/](https://www.videogameschronicle.com/news/the-entirety-of-twitch-has-reportedly-been-leaked/) +I start a new job late May with an 80k salary. I have the idea of paying off my parents’ Honda as a surprise since they helped me pay for college. I checked their account on the financial site and it’s $6,466 right now with $51.57 in interest and they have 18 more payments to make. They pay $388 each month and since December is in 8 months, there will only be around $3,400 left. I have two concerns: + +*I’m willing to save money to pull this off, but I’m not sure how to go about doing this.* + +Can I go to the dealership and hand them cash? Can I just add my bank account through the site and pay it off? + +*I have a minimal understanding of loans, so I worry about this hurting them instead of helping.* + +How will this affect my tax filing and theirs since this is a gift? Does paying the loan off early affect their credit? + +Ideally, I’d like to wrap a paid receipt for them to open on Christmas Day, but I’d understand if logistically this isn’t possible. + +**Edit:** Hi, thank you to everyone responding. I am reading as much as I can. The only person in my life I have for financial advice is my dad, so I’m eternally grateful to you all for pointing me in the right direction. + +There’s a lot of good wisdom in here that I wouldn’t have gleaned from just reading financial literacy sites - namely, that my old ass parents probably don’t care too much about their credit score anymore. I also now know what questions to ask the lender. + +I’ll see what I can do about keeping the payment notification from ruining the surprise. You can expect an update around the holiday time. + +**Just wanted to clarify two things.** + +1. *Yes, I have my own savings and cost expenses set aside for myself.* ***Money is not the issue, it's how to make the actual payment arrangements and the financial details concerning it.*** + +I appreciate the cautious advice, but I didn’t come up with this idea until I saw what was left after making my own budget. The money being used is part of that left over and my own fun money. The idea of being able to take care of myself before others was well-ingrained into me from childhood due to burdensome relatives. + +2. *I have a good relationship with my parents.* + +I know money complicates a lot of things. Within the Filipino culture, there’s a sense of monetary obligations to your parents, which often times leads to toxic relationships. My parents experienced it with theirs and were very clear that they had no desire to perpetuate that cycle. What I’m doing is out of my own volition. + +After scroll through the praise and caution and discussing this with my partner, I’m starting to realize this type of gesture also seems to be a cultural thing. Buying things for your parents to give them something to brag about to their friends after you get your first job is somewhat of an unspoken expectation. Never one my parents pressured me into, but after hearing so-and-so brag about their kid buying them a new fridge or a Michael Kors purse, it kinda lit a fire under my ass to also provide a gift of that level, but one they could appreciate. + +My parents live within their means and have never been into brand names, unless it’s at ALDI. So if you have the means and you have someone like this in your life, I would recommend paying off a bill even if it’s just for monthly water. It’s a meaningful gesture without all the pomp and flashiness. +I’ve been researching SNC(TSE) while there is a lot of negative press, they seem to have decent holdings in particular their % in the 407 toll highway. + +From the research I’ve done that holding represents $28.50 of the total stock price, that coupled with the impact it would have on the Province of Quebec with the loss of jobs and headquarters and the fact that the pension plan owns 20% of SNC. + +For some reason I feel like it’s worth it to be a bit bullish on this one. + +Any other feedback on this one? + + newbie here in options comprehension + +I know this is basic for most of you so please be patient. + +i work at a major Telco here in Vancouver BC + +for helping with a project a group of us was given 300 a few months back @ $28.95 + +...expiration date Aug 2028. + +so does this mean i can cash them at that 2028 date and make a profit off of the difference from the current price to what they will be 7 yrs from now (hopefully of course increased in value)? + +Forgot to add... Before when we were given options (we've been given them in the past before in blocks of 300 or 400) I know I think we could have cashed them out 3 years later... But this time I would like to just move them to one of my accts to keep growing. +I'm quite new to investing, started this year. I keep hearing from every corner: "Start investing, make regular contributions and let the Power of Compound Interest do the magic". + +I just want to clarify the magic of compound interest can't be applied if I invest only in XEQT ETF for instance? Currently XEQT distribution yield is 1.22%, on a $10,000 portfolio it would come to a $122 annually, when reinvested this amount wouldn't make a meaningful impact. + +Thanks. +Read an interesting article today [here](http://www.npr.org/blogs/thetwo-way/2015/04/03/397092679/if-a-caller-says-i-am-with-the-irs-hes-not?utm_source=facebook.com&utm_medium=social&utm_campaign=npr&utm_term=nprnews&utm_content=20150403). + +~~Basically, the IRS's initial method of contact is by letter.~~ They'll never call you threatening to throw you in jail or ask you to pay a certain amount immediately. Though, reports of calls like this are on the rise. While I doubt it's a problem for most savvy individuals in /r/personalfinance, please share this with some less financial-savvy individuals you may know (parents, grandparents, siblings, friends, etc.) so as to hopefully avoid them to falling prey to these scammers. + +------------------------------- + +**Edit:** I removed a section above as a few people have heatedly claimed to have received calls from the actual IRS. Also, I want to make it clear that I'm in no way claiming that the IRS will never use a call as a method of contacting you. + +From what I could find on the [IRS website](http://www.irs.gov/uac/Tax-Scams-Consumer-Alerts): +>Note that the IRS will never: 1) call to demand immediate payment, nor will the agency call about taxes owed without first having mailed you a bill; 2) demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe; 3) require you to use a specific payment method for your taxes, such as a prepaid debit card; 4) ask for credit or debit card numbers over the phone; or 5) threaten to bring in local police or other law-enforcement groups to have you arrested for not paying. + +However, according to the article linked to above, the current IRS Commissioner John Koskinen was stated as saying the following: + +>"If you are surprised to be hearing from us, you are not hearing from us," Koskinen said. "Our way of contacting you is by letter." + +Also, [at least one comment](http://www.reddit.com/r/personalfinance/comments/31dojg/psa_if_someones_calling_you_from_the_irs_theyre/cq0o438) by a popular contributor here in the sub who actually works for the IRS corroborates this stated policy. + +**Ultimate point being: be cautious and question unsolicited calls asking you for your personal financial information over the phone, be it supposedly the IRS (real or fake) or anyone else. Share this info with people who could be susceptible to this type of scam, so as to avoid them getting scammed.** +I've read the sidebar and tried reading into S&S ISA but I'm getting a bit confused and thought it might be easier to ask for help (sorry). + +I want to invest £50 every month from my salary into the stock market. I don't have any debts at the moment and have just over £10k in a cash ISA and help to buy ISA which I've had open for a couple of years now. No debts and I'm making enough to save a little every month even after this £50 is taken out. + +I want to have the option to choose how I invest the £50 each month. It may be in a specific stock or it may be in a managed portfolio. In all likelihood I will probably bounce between the two each month as I'm not too concerned about the risks of individual stocks but won't want to put all my money in a few baskets. I don't plan on withdrawing the money in the near future at all unless there's an emergency. + +Please can someone explain to me what the best options are? Am I eligible for a S&S ISA, and if so is there a recommended platform which will let me choose my stocks in the way I am describing? + +Many thanks and sorry if this is a repetitive question, as I said I did try this on my own but I'm not confident that I understand it enough. +I'm not talking about 6-figure salaries for careers in health services or engineering; I'm talking about the millionaires and billionaries. How did the most of them get so rich? Was it through investing? Entrepreneurship? Something else? +VB and Ethereum could make history again today after their meeting and talk today at Coinbase. Coinbase adding Ether. I think Mr. Armstrong may be looking towards the future and wants to position Coinbase accordingly. What do I know??? +WORK as per RC latest tweet is the ticker for Slack. There are plenty of discussions about their recent court case. + +The slack court case is in relation shares sold via their direct public offering; + +A direct public offering (DPO) is a type of offering in which a company offers its securities directly to the public to raise capital. ... Therefore, a DPO is attractive to small companies and companies with an established and loyal client base. A DPO is also known as direct placement. + +Larry Cheng tweeted earlier about organic/non organic growth, this would tie in nicely to a DPO as per the above explanation "a DPO is attractive to companies with an established and loyal customer base" + +The was a job listing previously for an accounts position with experience in carve outs. + +Are they about to carve out the NFT marketplace as a separate company with a Direct Public Listing? Perhaps by gifting gme holders with shares in the new co? +OMG people it can be sooooo easy. We know GME is shorted 100+%. So... just buy and hold and eventually **🚀** **🚀** because shorting parties will break under the fees. + +But no, we need to have these expectations when it is going to pop. Shareholder meeting, T+21, T+31, regulation passing, technical analysis, and of course f-ing HYPE WEEK. + +Also, **apparently** we need to have price targets: exponential floor, Elliot wave theory, etc. + +# Don't you see that all of this is just setting expectations!?!? And expectations only leave people disappointed + +Just buy and hold and **💎** **✋** +30M, not explicitly pursuing FIRE, but I predict I’ll be in position to should I wish to. I’m currently single, but dating a girl who very much wants kids one day. I think I want them too, at least enough to plan around it. + +When doing some long-term, high-level planning, I calculate my annual income, expenses, and savings rate/investment contributions, and expected returns. Currently missing from this, though, is the cost of childcare. I have seen estimates ranging from [about $15,000-20,000 per year](https://www.investopedia.com/articles/personal-finance/090415/cost-raising-child-america.asp), but admittedly haven’t read too much into what goes into those assumptions. I’d like to better understand how people here think about, or have planned for, their childcare. + +Some initial thoughts: + +* Currently in a medium-high COL US city, no plans to leave the metro, but I’d say >50% an education-motivated move would be in my/our future + +* Pending drastic reform to higher education costs, I would like to pay for as much of my children’s higher education as possible (will set up 529s as necessary, perhaps even in advance of any kids being born) + +* I would estimate our lifestyle would be more expensive than average, as we both enjoy and value travel and the perspective it brings +Good Morning and Welcome to a New Year! + +There is still some digging going on but it would appear that several institutions, mainly prime lenders (JPM, Citigroup, Credit Suisse, etc...), have been pulling there net short and or hedged positions on GME, in favor of long and or net long positions. + +[thanks to nutsaculon](https://preview.redd.it/wb27sthwdh981.png?width=802&format=png&auto=webp&s=92552f4259f61cbcc1d5445fc02ef2c18f213561) + +This is extremely bullish, and likely a follow up to JPM signal I discussed in [my most recent DD](https://www.reddit.com/r/Superstonk/comments/rpfabx/are_we_there_yet_moass_bingo/). Seeing Prime Lenders shed put positions across the board, while picking up more shares/calls is definitely the kind of institutional move we want to see. + +Also the work on ETF flow ---> FTDs is coming along nicely, and it looks like we will have the same FTD overlap that we had last January. Remember they can start covering these early, while they usually wait till the final due date, they can actually cover at anytime during the 35 calendar day window. There will be more on this later but the correlation is looking strong. + +[These FTDs are in addition to any FTDs on GME's stock and FTDs from the failure to roll forward futures contracts \(these FTD due dates can be seen in the vertical bars at the top\)](https://preview.redd.it/dsf7oblcah981.png?width=2459&format=png&auto=webp&s=a626ebdda70cf35b717f3d66237cc36c61d782a5) + +Lastly XRT begins the threshold process this Thursday. T+13 from December 17th when it was first placed on the RegSHO Threshold list. + +[ ](https://preview.redd.it/00nwb44hbh981.png?width=1538&format=png&auto=webp&s=7edf51937fa2f88b27d53598e8c2bc6e044f9da3) + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# End of Day + +Closing 3% up for today but still below max-pain. We saw some pretty good volatility from the FTDs as these increase in quantity over the coming weeks we should see more and more buy pressure especially during the periods where they begin to overlap. Thank you all for tuning in today, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/nty13s2bfj981.png?width=746&format=png&auto=webp&s=2465ff11e86bcc74bd5aab23ee752ede3d574762 + +Edit 5 2:03 + +All my favorite stocks have natural 5-minute halts + +https://preview.redd.it/hn5bnz1mti981.png?width=369&format=png&auto=webp&s=f5bc58c53d0f1fece983a3c84a477f559e9df0f7 + +Edit 4 1:17 + +Volume and buy pressure have dropped off pretty significantly, I would say that they are done covering the FTDs that were due today as this drop off has occurred across the entire basket. But we are finding some stability around 154 for now. + +https://preview.redd.it/0ir2vz3lli981.png?width=1534&format=png&auto=webp&s=19f050f604531b24daa0b0081464f0281401238e + +Edit 3 11:12 + +Double top, two fails of the 160 resistance + +https://preview.redd.it/q6gm7ov4zh981.png?width=1531&format=png&auto=webp&s=e75f4194095a9115c1c77a88cb2dc3d35bd1878c + +Edit 2 10:45 + +Just up...nice and slow but solid pressure across the whole basket, currently no put walls erected and the wall at 155 was sold off. + +https://preview.redd.it/a40709tjuh981.png?width=1533&format=png&auto=webp&s=02a89a59dfd2b8edf75218e9851b069bd1d36e04 + +Edit 1 10:00 + +At little volatile this morning but so is the overall market. Breaking out now to the upside and heading towards max pain. I forgot to include this earlier but don't forget that we have MM FTDs due today as well from Nov.26 + +[net short](https://preview.redd.it/4eiv6tpomh981.png?width=208&format=png&auto=webp&s=6bbdf968f2c09438a11e40f0653b21b1b6a6b2f0) + +&#x200B; + +https://preview.redd.it/xl8753nqmh981.png?width=1536&format=png&auto=webp&s=7389b4dc063487983347a2dac546478832689cd9 + +# Pre-Market Analysis + +Nice morning run with some higher than usual pre-market volume, + +Volume - 22.56k + +Max-pain - 155 + +Shares to Borrow : + +IBKR - 250,000 @ 0.8% + +Fidelity - 440,996 @ 0.75% + +[GME up 1&#37; in the premarket](https://preview.redd.it/1t13zc10dh981.png?width=1535&format=png&auto=webp&s=f034f9e4c8e905612f340584e6e2b550afa55db7) + +CV\_VWAP + +https://preview.redd.it/0crijhvidh981.png?width=2455&format=png&auto=webp&s=61719608489e20e62f0b9ffc3970ff12c41bb268 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +My husband and I have struggled for quite awhile. We both have been in school and he worked a crappy factory job to cover bills and such. Somehow, we made it several years like that. + +He has graduated and is starting a job in 2 weeks with a $60k salary. I graduated in a few weeks and have accepted a position paying $52k. We do excited to have a different type of life. I'm 26F and he is 32M. We have two kids, ages 6 and 3. + +Ourselves, and no one in our family or friends makes this kind of money, so we have no one to give us advice. + +We already save as much as we can, including our tax checks, so we do have money in the bank, about $7k. We are planning to stay in our apartment which is $550. Per month. We currently have no car payments as our cars are paid off, but we would like to get a newer car in a few months because my husband's car is always breaking down, but would keep the payment at $200 or less. Other than that we just have regular bills (electric, warer, etc.), daycare, and my husband has student loans. + +My husband's job is relocating us at the end of the year, and mine is 100% ok with transferring. At the point, our rent will go up to about $850-$900. + +Any tips for us? +Thanks!!!! +So I’ve been living in an apartment with someone I consider to be a very close friend of mine. We got a year lease and for the first few months everything was fine. About 4 months ago she told me she was having money problems and asked if I could cover for her part of the rent. I’ve known this girl for years so I said yes (like an idiot) and 1 month of covering for her turned into 2 then turned in to 3. Finally during the beginning of July I put my foot down because I literally didn’t have anymore savings and said I can’t cover for her anymore and she needs to pay her portion this month plus what she owes me or I’m taking legal action. She agreed and electronically paid me $2,800 ($700 for each month she didn’t pay) and I thought that was the end of it. + +This morning I got back from work to her being completely moved out of the apartment and a chargeback on my account for $2,800. I frantically tried calling my bank but since we used a 3rd party money app they said to contact the app instead which has so far been useless. I’ve been trying to get in contact with my roommate non-stop but it appears I’ve been blocked on everything. She has a step-brother who’s number I have but he hasn’t returned any of my calls yet. I have no idea what to do and have been freaking out/crying all morning. I live paycheck to paycheck and after covering rent for my roommate the past few months my savings were all depleted. I desperately needed that $2,800 for bills, food, medicine, etc and now it’s all gone and I have less than $50 in my account. I feel totally cheated and scammed by someone I thought I could trust. I don’t make enough on my own to pay the bills so I’m really desperate as to what to do. +First off, this isn’t another “I put in 10$ in bitcoin in 2010 and bought a house today” thread. + +Crypto has changed my life in a completely different way…it has made me hungry for knowledge. Cyber, networking, blockchain knowledge. + +I use to find myself sitting at my computer desk reading random articles from random websites about every single random blockchain that caught my attention. I would invest in a project.... make a little money, then switch to another project... lose a little money. + +I’m not going to lie…I don’t have what it takes to be a day trader…lesson learned. + +However, I kept finding myself hungry for more knowledge. I wanted to know everything about everything. + +Finally, one day I was staring at my computer….basically broke and feeling slightly depressed due to a downturn in the market….and decided to do something about it. My old ass went back to school. + +Now I’m proud to say, 4 years later, I have recently finished my Bachelors in Cyber Security, Comptia Sec+ and A+ certs and I even finished up my Associates from when I was 18 and dropped out my final semester. Dumb…I know. But I personally know I would have never decided to take this path without crypto influencing me. + +Next time you find yourself staring at coinmarketcap and the price of your coins, try to find what aspects of these coins excite you (other than the lambos) THEN GO LEARN. See if this is your passion. You don’t even have to go to college. You can find hundreds of learning resources online. Go better yourself and help this community grow. + +If crypto somehow implodes tomorrow, will you have anything to show for all the time you have spent staring at your computer/phone screen? Or will it all be screenshots, memories, and what could have beens? + +In the last 24hrs approx 51% of the blocks added to the Ethereum blockchain were built by MEV relays that are regulated and censoring transactions as per OFAC regulations. This means that they will not relay transactions from tornado cash etc for inclusion in the blocks validators validate. + +[https:\/\/www.mevwatch.info\/](https://preview.redd.it/f1dzn4cq8tt91.png?width=959&format=png&auto=webp&s=3e84dfa2c2c0162eb7386621cbf6a8f250cd3833) + +**As of the last 100 blocks 56% were censored.** + +[https:\/\/www.mevwatch.info\/](https://preview.redd.it/rkddnloo6tt91.png?width=961&format=png&auto=webp&s=74b02d5c16709dd822001678a7351633fece5d6c) + +There are currently seven major mev-boost relays including Flashbots, BloXroute Max Profit, BloXroute Ethical, BloXroute Regulated, BlockNative, Manifold and Eden. Of the 7 available major relays only 3 do not censor according to OFAC compliance requirements. **OFAC compliant relays will not include any transactions that interact with the Tornado Cash smart contract or other sanctioned wallet addresses as designated by OFAC.** + +Not all blocks built by OFAC compliant relays are censoring, however, all blocks built by OFAC compliant relays will censor when non-compliant transactions are broadcast to the network. + +*How is this determined:* + +OFAC compliancy list for MEV relays is here: [https://github.com/remyroy/ethstaker/blob/main/MEV-relay-list.md](https://github.com/remyroy/ethstaker/blob/main/MEV-relay-list.md) + +*Why do* *~~Miners~~* *Validators use MEV boost relays?* + +Simply put, profit. Validators use MEV boost relays to "build" blocks that include a more profitable grouping of transactions as to maximise fee profit from the block. + +Before the merge we were told no protocol level OFAC compliance would occur and any attempt to do so would end with validators being slashed. + +[https://twitter.com/VitalikButerin/status/1559271315080679432](https://twitter.com/VitalikButerin/status/1559271315080679432) + +Vitalik himself said he would vote for: X + +>X) Consider the censorship an attack on Ethereum and burn their stake via social consensus +> +>Y) Tolerate the censorship + +We're over 50% compliance now and validators seem happy to continue using Flashbots and other MEV relay services, as they're more profitable, despite knowing full well they are OFAC compliant and will not relay Tornado cash and other transactions. + +This seems like OFAC compliance with extra steps. The validators themselves might not be doing it at a protocol level but they're actively using a secondary service to choose which transactions go into the blocks they validate. + +Slashing any validator using OFAC compliant flashbots when? +&#x200B; + +**Currency** + +The primary function of these coins is to be used as a decentralised token of value which can be exchanged between peers without the need for banks or other intermediaries. + +**(1) Bitcoin (BTC)** + +**(7) Ripple (XRP)** + +**(13) Bitcoin Cash (BCH)** + +**(14) Litecoin (LTC)** + +**(21) Stellar (XLM)** + +**(31) Bitcoin SV** + +&#x200B; + +**Stablecoins** + +These coins use various methods to peg their value to that of the U.S. Dollar, thus allowing them to be used as both a store of value and a medium of exchange without the risk of volatility, + +**(3) Tether (USDT)** + +**(8) USD Coin (CSDC)** + +**(10) Binance USD (BUSD)** + +**(23) Dai (DAI)** + +**(48) Terra USD (UST)** + +&#x200B; + +**Distributed computing / smart contracts** + +These are coins tied to a network which provides a distributed, decentralised blockchain network, which apps can then be built upon. Some of their features include smart contracts, non-fungible tokens, digital identity and decentralised finance. Having a coin tied to the blockchain enables users to be paid for securing the network and to pay for using the services provided by the network. + +**(2) Ethereum (ETH)** + +**(4) Cardano (ADA)** + +**(5) Binance Coin (BNB)** + +**(13) Solana (SOL)** + +**(18) Ethereum Classic (ETC)** + +**(25) Tron (TRX)** + +**(27) Eos (EOS)** + +**(32) Algorand (ALGO)** + +**(36) Neo (NEO)** + +**(38) Klaytn (KLAY)** + +**(39) Tezos (XTZ)** + +**(43) Iota (MIOTA)** + +**(46) Avalance (AVAX)** + +&#x200B; + +**Exchange tokens** + +These coins are associated with an exchange and holding them allows people using that exchange certain benefits, such as reduced fees or staking rewards. + +**(5) Binance coin (BNB) - also listed above** + +**(10) Uniswap (UNI)** + +**(30) Crypto.com** **coin (CRO)** + +**(33) FTX token (FTT)** + +**(37) PancakeSwap (CAKE)** + +**(44) Unis Sed Leo (LEO)** + +**(50) Huobi token (HT)** + +&#x200B; + +**Privacy coins** + +Coins attached to blockchains which aim to provide anonymity to users and conceal their activities. + +**(26) Monero (XMR)** + +&#x200B; + +**Decentralised finance** + +These coins provide various functions/benefits in the DeFi ecosystem, such as lending, earning interest or collatorising assets. + +**(29) Aave (AAVE) - decentralised finance protocol** + +**(34) Maker (MKR) - stablecoin pegging mechanism for DAI** + +**(41) Terra (LUNA) - stablecoin pegging mechanism for UST** + +**(42) Amp (AMP) - collatoralising asset transfers** + +**(45) Compound (COMP) - DeFi lending protocol** + +&#x200B; + +**Specialised coins** + +These are coins/blockchains that perform a specialised function not covered in the above categories. + +**(9) Polkadot (DOT) - network of blockchains** + +**(15) Chainlink (LINK) - Oracle network providing data to blockchains** + +**(16) Polygon (MATIC) - Layer 2 ethereum solution** + +**(19) Internet computer (ICP) - Decentralised cloud computing** + +**(20) Theta (THETA) / (47) Theta Fuel (TFUEL) - improves video streaming services** + +**(22) VeChain (VET) - business supply chain management** + +**(24) Filecoin (FIL) - decentralised storage solution** + +**(35) Cosmos (ATOM) - network of blockchains** + +**(49) Decred (DCR) - decentralised voting platform** + +&#x200B; + +**Wrapped bitcoins** + +These are representations of bitcoin on other blockchains. Their prices are pegged to the price bitcoin. + +**(17) Wrapped bitcoin (WBTC)** + +**(40) Bitcoin BEP2 (BTCB)** + +&#x200B; + +**Memecoins** + +Coins that were created as a meme or for fun. + +**(6) Dogecoin (DOGE)** + +**(28) Shiba Inu (SHIB)** +So, I’ve been telling people since CME announced the bitcoin futures market that institutional investors will short BTC for massive profits. it makes sense that they would and it’s 100% what I would do if I wanted to make the most money possible. Of course it requires more capital than 99% of us can ever afford. + +It’s simple really: + +Buy a ton of btc and hike the price up to new ATH”s. +When the futures market opens, short btc at its all time high. +Dump all btc holdings causing a flash crash. +Close short positions with huge profit. +Rebuy cheap btc with all that profit. + +Rinse, wash, repeat? + + +It seems I’m not the only one who see’s this writing on the wall. In fact it seems the idea is catching on pretty quick which is awesome as it gives people a chance to alter their strategies so as to navigate this possibility.. + +Now, with that said, at what point do we reach.a critical mass of people who plan to act on this? Does game theory kick in and the bankers instead just buy futures contracts instead of shorting them? + +In that case they can drive the price up as everyone sells and make money by exercising the futures contract for gains on btc, all while lifting btc beyond the economic reach of the many. + +In other words, it probably doesn’t matter what we do. The big money will do the opposite and make it hurt regardless.. + +My optimistic 2 cents. +Well I see similarities in money management, emotional management and strategic management. I am just curious. + + +This is not post for pure investors or pure investing approach. +I've posted this hedge fund report a few times in the past but it has never received much love. In contrast, the weekly insider report I post seems to get pretty good attention. + +What a lot of people probably don't realize is that hedge fund activity is probably *more* predictive of future returns than insider activity. The reason is that hedge funds (a) have large research budgets, and (b) have a choice where to put their money. In contract, insiders have no choice where to put their money, but only when to time their transactions. + +I'll post this report once again to see if anybody finds it interesting. + +These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist +investors are investors that make an investment with the intention of influencing management in some way. +There is evidence that following activist investors into investments can generate excess returns. + +Date|Company|Investor|Shares|Ownership +----|------ |--------|-----:|--------: +06&#8209;08|[WEB / Web.com Group, Inc.](https://fintel.io/so/us/web)|[Starboard Value LP](https://fintel.io/i/starboard-value-lp)| 4,630,579|9.4% +06&#8209;08|[AIZ / Assurant, Inc.](https://fintel.io/so/us/aiz)|[TPG Group Holdings (SBS) Advisors, Inc.](https://fintel.io/i/tpg-group-holdings-sbs-advisors)| 10,069,230|15.96% +06&#8209;08|[ITRM / Iterum Therapeutics plc](https://fintel.io/so/us/itrm)|[Frazier Healthcare VII, L.P.](https://fintel.io/i/frazier-healthcare-vii)| 1,538,316|11.0% +06&#8209;08|[CRESY / Cresud SA Comercial Industrial Financiera Y Agropecuria Cres](https://fintel.io/so/us/cresy)|[ELSZTAIN EDUARDO S](https://fintel.io/i/elsztain-eduardo-s)| 174,267,696|34.74% +06&#8209;07|[CVSI / CV Sciences, Inc.](https://fintel.io/so/us/cvsi)|[Mona Michael III](https://fintel.io/i/mona-michael-iii)| 5,423,000|5.76% +06&#8209;07|[WOW / WideOpenWest, Inc.](https://fintel.io/so/us/wow)|[Crestview Partners Iii Gp, L.p.](https://fintel.io/i/crestview-partners-iii-gp)| 26,682,687|31.3% +06&#8209;06|[NPHC / Nutra Pharma Corp.](https://fintel.io/so/us/nphc)|[Lake Shore Advisors Llc](https://fintel.io/i/lake-shore-advisors)| 187,500,000|8.04% +06&#8209;06|[PRSP / Perspecta Inc.](https://fintel.io/so/us/prsp)|[Musallam Ramzi M](https://fintel.io/i/musallam-ramzi-m)| 23,273,341|14.0% +06&#8209;06|[ANW / Aegean Marine Petroleum Network, Inc.](https://fintel.io/so/us/anw)|[SHAH CAPITAL MANAGEMENT](https://fintel.io/i/shah-capital-management)| 5,584,201|14.24% +06&#8209;05|[ETRM / EnteroMedics Inc](https://fintel.io/so/us/etrm)|[HealthCor Partners Management LP](https://fintel.io/i/healthcor-partners-management-lp)| 349,139|% +06&#8209;05|[DHCP / Ditech Holding Corporation](https://fintel.io/so/us/dhcp)|[Phoenix Investment Adviser LLC](https://fintel.io/i/phoenix-investment-adviser-llc)| 2,959,166|42.0% +06&#8209;04|[PAYM / PayMeOn, Inc.](https://fintel.io/so/us/paym)|[Loricco Ronald Joseph Sr.](https://fintel.io/i/loricco-ronald-joseph-sr)| 18,750,000|14.4% + +Source: [Fintel.io/activists](https://fintel.io/activists) +Guten Tag to this global band of Apes! 👋🦍 + +As RRP hit another all-time-high, well above $1.4T yesterday a day ahead of the quarter-end, we can expect to see a new high today - will it be $1.5T? The euro continues to drop against the dollar, and while that might not indicate anything for GME it is a trend I've noticed and wonder about. Obviously the big news are the details leaked about Robinhood and Citadel colluding to perform insider trading and market manipulation. The intensity with which they are defending is a strong indication that their position is indefensible if revealed completely. They are fighting to prevent the full details from being known. It seems to be a futile attempt - more information is revealed daily, and their attempts to distract with FUD, forum sliding, and anti-DRS propaganda is wasted. + +Meanwhile, Steven A. Cohen is likely very pleased to have been left out of the bulk of it so far. Citadel wasn't the only SHF involved in Robinhood shutting down the Buy button. I'd love to see more about Point 72's involvement in this scandal. + +Finally, the battle over the US debt limit is reaching a crescendo, and has the potential to ignite a volatility bomb on the markets. I suppose we'll have to wait and see what happens there! + +Today is Thursday, September 30th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$179.21 / 153,78 €** *(volume: 882)* +- 🟩 115 minutes in: $179.38 / 153,93 € *(volume: 882)* +- 🟩 110 minutes in: $179.36 / 153,90 € *(volume: 882)* +- 🟥 105 minutes in: $179.27 / 153,82 € *(volume: 879)* +- 🟥 100 minutes in: $179.37 / 153,91 € *(volume: 848)* +- 🟥 95 minutes in: $179.41 / 153,95 € *(volume: 831)* +- 🟥 90 minutes in: $179.44 / 153,97 € *(volume: 831)* +- 🟩 85 minutes in: $179.47 / 154,00 € *(volume: 824)* +- 🟥 80 minutes in: $179.44 / 153,97 € *(volume: 812)* +- 🟩 75 minutes in: $181.16 / 155,45 € *(volume: 655)* +- 🟥 70 minutes in: $178.68 / 153,32 € *(volume: 584)* +- 🟩 65 minutes in: $178.71 / 153,35 € *(volume: 572)* +- 🟥 60 minutes in: $178.64 / 153,29 € *(volume: 568)* +- 🟥 55 minutes in: $178.67 / 153,31 € *(volume: 568)* +- 🟥 50 minutes in: $178.73 / 153,36 € *(volume: 553)* +- 🟩 45 minutes in: $178.80 / 153,43 € *(volume: 553)* +- 🟥 40 minutes in: $178.73 / 153,36 € *(volume: 430)* +- ⬜ 35 minutes in: $178.92 / 153,53 € *(volume: 284)* +- 🟩 30 minutes in: $178.92 / 153,53 € *(volume: 264)* +- 🟩 25 minutes in: $178.66 / 153,30 € *(volume: 131)* +- 🟩 20 minutes in: $178.44 / 153,11 € *(volume: 130)* +- 🟩 15 minutes in: $178.32 / 153,01 € *(volume: 130)* +- 🟩 10 minutes in: $178.01 / 152,75 € *(volume: 65)* +- 🟩 5 minutes in: $177.96 / 152,70 € *(volume: 55)* +- 🟩 0 minutes in: $177.78 / 152,55 € *(volume: 55)* +- 🟩 US close price: $175.92 / 150,95 € *($176.00 / 151,02 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1654. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hello :) + +I did a search and read through a bunch of threads both on Degiro and investments in Portugal, but I couldn't find an answer, so here it goes: + +From the point where you sign up on Degiro, until (lets say) 12 months later, what are the fees you incur and their total for the following scenario: + +One time investment of 10k EUR +Typical 90/10 World/Emerging that most seem to recommend (I think one is on the free list and the other is not) +I know it also depends on the exchange, but I have no idea which one would be better +Not relevant for a 12month calculation, but let's assume money will be left untouched for 10 years, and nothing added +Wire/Bank fee? + +I'm mostly looking for a "how to calculate" rather than actual numbers; and mostly concerned with fees that seem so basic no one talks about here (everyone seems to discuss ETFs based on them being on commission-free list or not, but what other fees are there?). + +Any thoughts on the calculation or your personal experience from when you first set up on Degiro would be a great help! +So this is the first post for me on this subreddit. + +I'm 21M and am saving 1500eu a month. But I only get 0.05% interest, so I am looking for advice on how to start investing what should I invest in etc. + +I allready saved 29k and am just looking for some relatively safe options. +Does it still make sense to keep this etf (thinking about the 70/30 portfolio) with an horizon of 15 yrs, given what is happening on the markets? Or better sell it and move to the existing VWCE shares basket or gold or else? + +(minor share... like € 1.400,00 - loss of more or less € 150,00 to date)... +Hey everyone, I turned 30 this year and am looking for some help and advice on planning my financial future out. I am an Indian citizen living and working in Austria (currently have a Rot-Weiß-Rot Plus Karte, will hopefully have a Daueraufenthaltstitel from 2022). I “worked” here from 2015 to 2018 (PhD students count as employees), was unemployed for about a year (who’d have thought finding a job after getting a PhD in comparative cognition would be hard?), found a job in mid-2019, and now have a permanent contract. Fortunately, I am currently 100% debt-free and have no financial dependents. + +I plan to settle here with my partner (she is Austrian) and the only “family” we plan to have pets (we've already taken measures to ensure mini humans aren't a possibility). + +* Our short-term goal is to buy an electric car. Specifically, we would like to buy a Tesla Model Y. I sold my petrol car off as it made no sense throwing money at a sinking ship (I spent more than the car’s buying price on driving and maintaining it, it didn’t sit well with our sustainability priorities nor with our plans of having pets). We currently use public transport, but this is hella inconvenient (and expensive) when leaving the city (we travel to my partner’s family’s house every weekend and driving would certainly be more convenient and economical). All holiday and travel plans have been postponed till after we have the Tesla. We intend to drive the car to its death. +***EDIT:*** *Most comments are about how I cannot afford this car on my salary. While I'm sure this comes from a good place, an excellent addition would be helping me understand what I should aim for if I want to afford it. Ultimately, it IS a goal I want to meet, and the reason I'm posting here is to find out how to meet my goals.* +* Our mid- to long-term goal is to buy or build our own house. We’re tending towards building as we want to put together something that’s as self-sustaining, ecologically responsible and technologically thought-out as possible; as these things don’t seem to be priorities for people building houses here, it’s unlikely we could buy a house that would fit our priorities. Since we cannot move from our rented flat in the city (for various reasons), this goal is slated for between 4 and 10 years from now (ideally after the car is paid off). Unfortunately, I have no idea what a reasonable target should be. +* The long-term goal is naturally having some sort of a steady income to supplement whatever retirement income comes in from social security. Again, no idea what a reasonable target should be for this. + +For the past couple of years, I have been aggressively saving for the car. It currently costs €66,000 including various overheads like shipping costs and import duties (it’s produced in the US and shipped to EU). The Tesla community seems to think that this price will reduce once the car is produced at the upcoming German factory, but I will use 66k as a target – if it goes down, well and good. Yes, I know it's stupid expensive. We've been talking about this and have looked into several EVs. Unfortunately, nothing seems to come close to what this one has to offer. Ultimately, I guess we are paying an "early adopter tax". + +I will take a 5-year loan for €35,000 at 0% interest (it’s part of the push for more EVs) to finance the car, meaning I will need to pay €31,000 upfront (I anticipate having to do this 11 to 14 months from now) and €584 a month for 60 months. + +I currently make €1,850 a month after taxes. My monthly expenses are under €900 so I end up putting anywhere between €300 and €1,000 away each month. I have approx. €20,000 already put away and should be able to do another €10,000 by next summer. About €9,600 of this amount is invested across 43 different Indian mutual funds (accounting for COVID-19 market crashes, currency conversion, transfer fees, and 31.25% Indian TDS - **t**axes **d**educted at **s**ource). The rest is sitting in our savings accounts. The MF gains range from -20% (aren’t pandemics just lovely?) to +23% (healthcare funds during pandemics = STONKS). Overall, my portfolio is currently down about 5%. + +I have been so focussed on the car that I haven’t made significant progress towards the other two goals. I have a total of about ₹220k (€2,000-ish) invested across 32 Indian mutual funds (also down about 5%). Henceforth, I want to reduce my reliance on Indian mutual funds as I lose money in currency conversion and exchange fees. Now that I have access to degiro (and eventually flatex, whenever they get around to verifying me), how can I optimize my investments to meet my financial goals? + +I have been thinking of buying some Tesla and AMD stock (partly because they’re companies I’d like to support), but I’m not sure how big of a chunk of my savings should go there and what all I should be aware of when buying. I’ve been reading up on ETFs and I gather that they are somewhat similar to MFs and are also quite frequently recommended. Would investing any of my car savings here make sense? + +My company recently had a broker as a client and I worked on that project; I learned a plethora of new words – knockouts, derivatives, options, calls, puts, stop-loss, etc. I never knew any of this existed and am curious what of it is worth looking into with my goals in mind. My only investment experience is with mutual funds. + +Any advice from y’all would be appreciated! Please let me know if there are any details I should provide, and I’ll update this post with them. Finally, one small detail – while I can communicate in German, I am still at somewhere around B1-B2. I absolutely cannot decipher financial or legal lingo (heck navigating this stuff in English is tricky!). I’ve made an account on degero IE so that I can do everything in English. +So I guess this isn't really a "standard financial question" but Google doesn't return good results. Or in fact any meaningful results. + +My wife and I are in our mid 30s and due to some inheritance money own a small mid terrace in a town and we own it outright. She stays at home with our child and I go to work, currently on £35 with a civil service pension (pretty sweet deal). + +Anyway, the idea of moving house to somewhere nicer has come up. A place out in a little country village with a bigger garden. We can even afford the mortgage. But this is where I fall apart, I just can't bring myself to sign a document to pay for another 30 years. We own what we have now, that's a big deal. It's not perfect, but it's ours. And the new place looks nice, but it means plunging back into the uncertainty. I feel like we'd be giving up a huge chunk of security, and a bunch of other potential life options (even if a bunch of them are frivolous ones lol). I know most people are looking to be mortgaged until well into their 60s anyway, so I know it's not a thing special to me. And yet I'm having a super hard time with this. + +Surely I can't be the only one that feels like it's nailing shut a coffin. I have no idea what to do because I suspect there is no "right" answer. I'm posting here because hopefully sensible and mostly analytical analysis might help. Who knows. +&#x200B; + +[GME Earnings Deep Dive - The Astronaut's Name is Mo](https://preview.redd.it/avx2jgd3b5291.png?width=2880&format=png&auto=webp&s=9187da8ba4eac0faf890de45d30b3b993693d2bf) + +I’ll start by saying this is the first DD I’ve ever written, cannot read TA for the life of me and am also probably most definitely a little retarded - BUT I have been deeply invested (69 shares + periodic bunches of options) since December of 2020. I’ve followed the story from (just about) the start and have experienced every up and down the stonk has offered. + +\*All in all, I’m going to stray away from fancy charts and crayons and produce the facts, the fiction and everything in between. I miss thoughtful discussion and DD on this sub (and others) and would like to provide the info I know best on something I’ve followed for what’s going on 18 months… + +[What a sexy chart.](https://preview.redd.it/kyfq3f64a5291.jpg?width=2778&format=pjpg&auto=webp&s=60e2ee1c2af578eafef2a511e6978d93bc6a8f77) + +# Q4 Earnings Recap + +In Quarter 4 of 2021, GameStop had expanded its offerings in many ways while also beginning to build the GameStop NFT Marketplace + Wallet. They made countless major PC partnerships, expanded their online store to feature countless items they’ve never sold before (TVs, Toasters, PC Parts/Accessories, Toys/Collectibles). They redesigned many of their “featured” GameStop stores – this list could be a 10 pages long before I talked about everything that was happening by this point last year. + +* **Generated net sales of $2.254 billion for the quarter, compared to $2.122 billion in the fourth quarter of 2020 and $2.194 billion in the fourth quarter of 2019.** +* Established new and expanded brand relationships, including with PC gaming companies such as **Alienware**, **Corsair** and **Lenovo**, that contributed to sales growth in the quarter. +* **Grew PowerUp Rewards Pro members by 32% on a year-over-year basis**, taking total membership to approximately 5.8 million. +* **Entered into a partnership with Immutable X that is intended to support the development of GameStop’s NFT marketplace and provide the Company with up to $150 million in IMX tokens upon achievement of certain milestones.** +* **Launched a redesigned app, which includes an enhanced user interface, improved scalability for a larger product catalog and more functionality to support exclusive offers and promotions.** +* **Hired dozens of additional individuals with experience in areas such as blockchain gaming, ecommerce and technology, product refurbishment and operations.** + +# FULL YEAR OVERVIEW + +* **Generated net sales of $6.011 billion for the fiscal year, compared to $5.090 billion for fiscal year 2020. (THAT’S AN EXTRA BILLION!)** +* Expanded the product catalog to include a broader set of consumer electronics, PC gaming equipment and refurbished hardware. +* Made significant and long-term investments in the Company’s fulfillment network, systems and teams. +* **Established new offices in Seattle, Washington and Boston, Massachusetts, which are technology hubs with established talent markets. (BY NOW THEY ALSO HAVE FULFILLMENT CENTERS)** +* **Raised more than $1.67 billion in capital and eliminated all of the Company’s long-term debt, other than a $44.6 million low-interest, unsecured term loan associated with the French government’s response to COVID-19. (1.67 BILLY ON HAND!!!)** +* **Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Company’s focus on meeting heightened demand and mitigating supply chain headwinds.** + +# The Facts + +* **This is the most important one -** GameStop has redeveloped their brand to be infinitely more than just a brick-and-mortar company rotting away in shopping centers – so, what is it? GameStop has gotten rid of every losing store, they’ve added same day delivery and fulfillment centers to hold large amounts of inventory and speed up shipping times, while also having an up-to-date user friendly app experience where you can order the products you love and receive them the same day for better prices than Amazon or any other distributor.  +* GameStop is becoming their own version of a bank by offering the GameStop wallet and venturing into the Crypto space. They will go live with GameStop NFT Marketplace before the end of Q2 that you will soon hear is partnered with some of the biggest brands you know and love. **More on the crypto wallet down below the rumors**, it will be pennies on the dollar to buy and trade NFTs and crypto, currently it costs about $80 to purchase 1 ETH on Coinbase, how much is it on GameStop’s wallet? $40.  +* GameStop has over $1.5 Billion in cash on hand and has been sitting on it for almost a full year. They’ve cleaned up and rehashed all of their debt for the better long term. +* GameStop has a $10.47 Billion valuation, while OpenSea is estimated to be over $13.30 Billion; what will happen once the GameStop Marketplace is launched and we hear there are more than expected users already using the GameStop Wallet? +* New Hires – I can’t fit them all or this would be a whole lot longer, 429 of them to be exact. Many of them are top executives from companies like Chewy, Amazon, Apple, Microsoft, Zulily, Zappos and many more. See GMEdd.com - [https://www.gmedd.com/report-model/](https://www.gmedd.com/report-model/) +* Over the past 18 months they’ve increased their cash on hand, online sales, yearly revenue, while also completely redeveloping their business. +* GameStop is holding its annual shareholders meeting June 2nd to vote for/against a share split by dividend. +* GameStop has officially transformed from a retail brick-and-mortar to a technology company while offering better prices and faster shipping than most if not all competitors. +* Partnered with various big named brands such as Microsoft and Sony. GameStop gets paid a % for online downloads, Xbox Game Pass and the like. +* Major Blockchain Partners publicly known - Looping + Immutable X +* They also invested in themselves and stocked up on inventory during a low inflation and low borrow fee environment. Now we’re in high inflation/higher borrow fee. They saved a lot of money by getting the spending out of the way beforehand. Short term pain for long term gain like any other company transformation or even any individual starting a small business. Those negative EPS really aren’t so negative, and financials will only improve drastically from here out. - u/PurpleSausage77 (These were too important to leave out) +* Multiple Revenue Streams - potentially several different streams in which they get paid which in part is going to make investors a lot of money while adding a lot of value and delight to the industry. - u/PurpleSausage77 (These were too important to leave out) + +# The Rumors + +**(There is loose proof for and against some of these things)** + +* Shorts never covered and the price is wrong. +* Hedge Funds & Institutions still have a major advantage over retail investors and heavily control the so-called "Meme" Basket, aka the retail ETF and stocks. +* Somewhere between 30-40% of the publicly available free-float is locked up through DRS/ComputerShare +* Ken Griffin is running out of Mayo +* DFV to be working behind the scenes in some type of way? +* GameStop to purchase LoopRing and become their own bank? Loopring has been much too silent compared to Immutable X since the announcement of partnerships. +* Hasn’t really been mentioned by anybody, but RC has joked about the metaverse. GME to take on the metaverse once the marketplace opens? +* GMErica - an entertainment company; what is it? Nobody knows! + +# The Newly Released GameStop Wallet + +**(This is just too cool not to talk about!)(Most of this taken from GMEdd.com)** + +[You're Totally Sleeping If Your Wallet Isn't Live Yet](https://preview.redd.it/1yx7jfu7a5291.png?width=1536&format=png&auto=webp&s=ac3843c860e7719f4da51e87eb625d366a512041) + +GameStop has announced the company’s much-anticipated release of the GameStop Wallet, a digital asset wallet that allows gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens across decentralized apps without having to leave their web browsers. + +GameStop has announced the company’s much-anticipated release of the GameStop Wallet, a digital asset wallet that allows gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens across decentralized apps without having to leave their web browsers. + +The GameStop Wallet is a self-custodial Ethereum wallet. The wallet extension, which can be downloaded from the [**Chrome Web Store**](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fchrome.google.com%2Fwebstore%2Fdetail%2Fgamestop-wallet%2Fpkkjjapmlcncipeecdmlhaipahfdphkd&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=Chrome+Web+Store&index=1&md5=6520ad5a23cbc5c18d6f9ec6fdf52980), will also enable transactions on GameStop’s NFT marketplace, which is expected to launch in the second quarter of GameStop’s fiscal year.The GameStop Wallet Beta allows users to trade and transfer digital assets on both Loopring Layer 2 (L2) and Ethereum Layer 1 (L1) under the same wallet address. L2 offers users transaction fees as low as 0.1% of Ethereum L1’s exorbitant gas fees. + +The GameStop Wallet isn’t just an ordinary crypto wallet.Harnessing the power of Loopring’s zkRollup – an Ethereum Layer 2 scaling protocol – GameStop gives users low cost and fast transactions, with Ethereum security, opportunity, and global reach. This allows users to reduce gas fees and network congestion, while always remaining in control of their funds. + +&#x200B; + +https://preview.redd.it/na11kid9a5291.png?width=4000&format=png&auto=webp&s=9e74b45cc67a75c40040df9b9e62e881eb23954e + +GameStop states that the Wallet is “great for n00bs and power-users alike,” and that GameStop Wallet can be your homebase and portal into the world of Ethereum. + +The wallet is also connectable to the wide ecosystem of Ethereum dApps, “including GameStop NFT – a marketplace to buy digital goods!” + +Available now at [**wallet.gamestop.com**](http://wallet.gamestop.com/), users are prompted to create a new wallet or recover an existing wallet with their 12 word seed phrase. + +# What Do I Expect? + +With GameStop still being the top dog to get next-gen consoles from while also constantly expanding their e-commerce offerings, I expect them to narrowly beat earnings this quarter but will (hopefully) announce dates for a split-by-dividend, the Marketplace and future plans & partnerships. + +**TLDR: With GameStops release of their wallet and soon-to-be marketplace they have officially become a technology company rather than a brick-and-mortar. Over the past two years GameStop has made over 429 hires, many of them being executives from companies such as Amazon, Chewy, Apple, Zappos, Zulily, Microsoft and many more. While also redeveloping business, cleaning up their financial statements and planning toward the future, GameStop has completely transformed to have ALL of the weapons in its arsenal to be the top dog in the $150 Billion gaming industry. I’m sure there’s quite a few things I missed throughout typing this but wanted to hear you guys’ arguments!** +Wish I could say "Nice," but it seems inappropriate at the moment. + +Instead I'll ask, how many of y'all are still DCAing? I actually paused mine on Friday because of Gemini stopping free withdrawals, which turned out to be a bit of a lucky break because of this weekend crash, but I might start back up again at the end of this week on a different platform. + +At this point in time, though, people would probably be better off keeping an eye on global equities news rather than crypto news. This thing won't get any better until the macro stuff is sorted out. + +EDIT:In other news, Bitcoin dominance actually fell today, which is surprising. But Bitcoin + stablecoin dominance went UP. Maybe this crypto winter is the one where BTC.D stays below 60% because people are keeping their money into USDC and DAI instead. +Hi all, + +I have invested in pokemon cards roughly 18 - 24 months ago (bought at different times within that period). I spent just under £2k and they are now roughly £6k. I would like to sell them all (can sell through ebay/stockx). + +I have currently just finished university with no job lined up and I have not worked at all in the past 3 years. + +Am I okay to just sell them? + +Do I need to sell them through a limited company? + +I may start work within a few months (currently applying), will this affect things? +Best high interest savings/checking accounts? + +I'm considering moving my emergency fund, as well as a few specific savings accounts (for particular house projects) to high interest accounts vs. Our normal bank account. I have a couple of questions: + +1) what are the most legitimate online banks for high interest accounts? +2) if high interest savings and checking accounts are both offered, does it matter which I open? +3) is there anything else I should know about these accounts? I'm hesitant to open new accounts to keep track of, but earning 1.5-2% interest on my emergency fund seems too good not to do. + +Any help is greatly appreciated! +I scheduled an appointment to see a house this week and they say they are open to seller financing. I am a newbie looking for my first deal and I am nervous as hell mainly because Its my first time ever stepping out to talk about buying a home and also I suck at selling myself. What questions should I ask? Should I make an offer same day? What should I look for? +So I have been interested in Snowflake for some time and have withstood the temptation to buy their IPO. Now I am still considering them, mainly for the following reasons: + +* No matter who I talk to, they seem to have a great opinion of their technology and think that they can sustain a competitive advantage over the near future +* Their CEO has a remarkable track record creating valuable companies with outstanding products - so, apparently a good combination of a sense for product and for distribution +* Their S1 financials have the traits that I'm usually looking for in a tech stock; not very big yet, but fast revenue growth and improving margins + +Anyone care to play devil's advocate, especially on the first two points? +Yeah look at me big brained smart guy. Thought I was better than/smarter than all those people. Well I just blew up my account because I lost control of my emotions so I’ll be in the big dumb idiot corner if you need me +Chase just lowered my credit limit 80% even though I have a 800 credit score and I been a cardholder with them for over 8 years. Seems like they are in trouble. For doing that shady thing tomorrow I’m adding another XX to my never selling pile. Hedgies are fucked. No cell no sell. Apes are dumb money because we are about to be stupid rich +This is a little uncomfortable to bring up, but if you visit their website, it's inescapable. GameStop focuses primarily on video games, computer gaming and guys. + +I’m a lady who likes board games with friends, fantasy geekery, art, clothing, quality artisan things, and supporting independent artists. I go to cons and do cosplay competitions. Manual, in-person things are my jam. I did play WoW for a bit, but that's the extent of my digital gaming experience. I really WANT to support GameStop, but nothing on the website is even tangentially targeted towards me. + +Example 1: Clothing + +I mention this first because it's what made me realize "oh... I'm not sure if this store even wants me in it." It's not the key issue, but it's unavoidable, and it makes me feel left out. Do any other women feel this way? + +[Men's clothing: 2199 items, 1701 T-shirts](https://www.gamestop.com/clothing/mens) + +[Women's clothing: 449 items; 46 T-shirts](https://www.gamestop.com/clothing/womens) + +1701 to 46. + +I would LOVE to buy, say, a women's long-sleeved XS MoonCat T-shirt, but I couldn't even find that design in the women's section. [They're only available in the men's section, with men's sizing](https://www.gamestop.com/clothing/mens/clothing/tops-shirts/products/mooncat-t-shirt/11106326.html). I'm in my 30s and trying to declutter the bullshit I acquired in my 20s; shapeless T-shirts that aren't made for my body and don't make me look good will not end up in my home no matter how much I like the graphic. I really, really *want* to buy it, but this product was not designed for me. + +Example 2: Board games + +I'm not sure who's in charge of choosing the board games currently for sale, but that section is a travesty. None of the top-rated games on boardgamegeek are available. Dominion, Lords of Waterdeep, Castles of Mad King Ludwig, Exploding Kittens, Splendor, Roll for the Galaxy, Pandemic, Azul, 7 Wonders, Codenames, Trogdor, even Cards Against Humanity. Definitely none of the less-well-known ones. I do see two non-standard versions of Settlers of Catan, but they're both sold out. + +Why? Board games have been enjoying a lucrative and creative renaissance for quite awhile now. + +Example 3: Dice + +Do you have any idea how many gorgeous sets of DND dice can be found at cons and online? [GameStop doesn't. They offer 2 sets, plus one set of 2 d20s, which is sold out.](https://www.gamestop.com/search/?q=dice&lang=default) + +Example 4: Art + +[Yes, I'm a super judgy butthole, but, to be honest, to me, everything offered just looks like... cheap, mass-produced corporate advertising.](https://www.gamestop.com/toys-collectibles/lifestyle/wall-art) I really don't want to buy mass-produced ads to put on my walls. I'm a fan of the *worlds* these stories take place in, you know? Not the branding. I wanna hang out in Diagon Alley, not in front of the movie poster. + +Example 5: Furnishings + +Gaming chairs, console stands, computer desks? Absolutely. Tabletop gaming tables? Nowhere. + +**PROPOSITION:** + +People like me have disposable income and care about (a) filling their lives with pretty, geeky things that aren't cheap crap, and (b) supporting independent, local artists and artisans. + +Independent artists and artisans have a very hard time getting their products under the noses of as many people as possible, because you can't focus on advertising, distribution and craftsmanship and do all of those very well, unless you're a business with multiple employees. You can't get there without clients. It's a chicken-and-egg problem, and a lot of artists make miserable money. This sucks for them, and it sucks for anyone who would love to buy from them if only they had the opportunity. + +So. + +What if GameStop opened an arts and artisan program at, say, five or six flagship stores in cities that already have a bustling art and/or convention scene? San Diego, Austin, NYC, Atlanta, Chicago, etc.? + +Forget the Zelda posters. What if you could go into one of these stores and buy archival-quality prints by [Charles Urbach](https://www.etsy.com/shop/CharlesUrbachArt ), whose art you'll see on Magic: The Gathering cards? What if you could fall in love with a breathtaking set of [Necromancer Dice](https://www.artisandice.com/product-category/necromancers-dice/), or [Ent's Dice](https://www.artisandice.com/order/banksia-d20s-with-turquoise-inlay/)? What if you could compare reviews across a few different makers of high-end tabletop gaming tables, and know that GameStop's outstanding customer service team would guarantee their availability + delivery? Hell, what if you could buy cosplay prints from your favorite cosplayers, possibly even at a signing event? Gorgeous dice towers, beautiful metal coins to replace your favorite board game's crap cardboard ones? Handmade fabric or leather dice bags? Hand-bound leather journals for scorekeeping, notes, character sheets...? What if GameStop sponsored an annual Kickstarter-esque competition for a new, GameStop-exclusive board game they'd produce? (Don't get me started. I can go all day.) + +*What if you could trade in your old board games??* + +One of my friends is a successful corporate VP. He and his family LOVE inviting people over for board game nights. His entire basement is dedicated to board games, and he'd love to decorate his space, but hasn't got time to trawl the Internet trying to piece together furniture, art, accessories, etc. So he's just got a long table and lots of IKEA bookcases to hold his games, because that was easy. + +My friends and I do a getaway 4-day weekend every year during which we rent a 10-person house and bring every board game we own. We're a weird mix of corporate tech people, teachers, marketing professionals and artists. Totally disparate lives and incomes, but all of us will happily splurge on board games and gorgeous accessories that we can bring to the weekend. + +We're all emerging from a hell of a year. Getting to hang out with people again is *amazing*. My close friends and I are starting up a regular DnD group for the first time. We've missed out on all the cons, and many won't be back this year, either. Those cons are the only places I can find any of these things together under one roof, and VERY few cities have more than one a year. + +Wouldn't it be something if we could support both GameStop and local, independent artists? If we could support people who are just as geeky as we are, not cheap, outsourced mass-production factories? If gamers who like playing with other gamers in person could pour money into their hobby at GameStop? + +And not least, what if, uh, GameStop expanded its perception of its customer base just a wee bit, and made sure their product range didn't treat women as afterthoughts? + +Because ngl, I still really want that women's long-sleeved MoonCat shirt. + +Honestly, what do y'all think about this? + +I would genuinely love to pitch this idea to GameStop directly, and if they liked it I would freakin' kill for the chance to work with them and help make it a reality. But I also recognize that I definitely don't have the perspective of people who ARE totally aligned with what the company is currently doing. People like you. + +So I'm asking y'all. Good idea? Bad idea? Worth taking further?d +I have been playing COD for almost year now. I met this Venezuelan friend through online and he a very good person. He has not knowingly helped me during rough times. Today i joked about bitcoin and ask for his address and for the first time i sent some bitcoin ( not a lot) to my online friend as an appreciation for his kindness. He was so happy with the surprise transaction. Thanks to Bitcoin i believe, i made someone happy. Spread the kindness. Live Long Bitcoin. !! + +Edit : Wow this blew up, Thank you so much for the awards and lovely comments, you guys are awesome ! ❤. Hope everyone have a wonderful day !. Peace ✌ +I'm new to investing and having trouble keeping my portfolio simple. I feel like a kid in a candy store who just has have some of all of the exciting treats. Can anyone help convince me to stay in one or two ETFs (like VEQT), rather than picking favourites? + +My original plan was "just buy VGRO". That became "just buy VEQT" on account of my time-frame, risk-tolerance and bonds supposedly being bad right now. But then I look at VEQTs holdings and I see so many promising companies make up such a tiny percentage of the fund. For example, let's say I'm excited about Cloudflare's potential. I look at the VEQT holdings and see that it represents 0.02873% percent of the fund. On a $100,000 investment, that'd be $28.73 to Cloudflare. That means we can basically ignore Cloudflare's performance, because even if they 10X, I'd have missed out on the opportunity to make any meaningful gains. + +At the same time, I understand the benefits of full market exposure and the simplicity of a single ETF. So this line of reasoning has lead me to buy a big chunk of VEQT as a "base", but also some NET. But then I do some more research and learn that banks and energy companies are probably a good bet right now. So I buy the ZEB etf to add weight to banks and XEG, plus ENB for energy. You know what else seems pretty important right now? Real estate. So I buy some VRE. + +Now I'm thinking that I really should increase my US and World exposure. I also believe tech stocks will do fine. So I'm thinking about VFV and/or VXC. + +On top of that, I'm worrying about buying dips and trying to time the market with a lump sum I have available (which I know is just going to lead to stress and probably failure). + +Anyone have any suggestions for how I can change my thinking about this and come up with a proper strategy? Does anyone do V/XEQT as a base and then combine with other ETFs to change their weighting? +Hi all, I was reading a post on another sub of someone sharing their expenses for last year when it got me thinking about my own and it hit me: this month marks 5 years that my wife and I have been using YNAB! So I decided to take some time and reflect and figured I would share. By all means let me know if there are things I miss in this data! + +For starters, wow what an absolute change 5 years has made and not just financially. YNAB itself brought upon us the concept of budgeting and tracking out finances when up until that point our lives had consisted of a "buy it, figure out how to pay for it later" mentality. Thankfully we were never really big spenders so we started from a decent spot. Secondly, looking at this it's relatively easy for me to see life changes along the way. From renting to mortgage, from having non-mortgage debt to having none. Life uh, finds a way. + +Let's start at the top and look at total spending over the past 5 years https://imgur.com/LVlo2DY + +Nearly $500k, ouch. Breaking it down further though it looks like 32% of that went to Savings which is our largest top-level category followed by Monthly bills(ouch again). Debt was a pain and everyday expenses really added up as well. Instead of looking at raw totals though I think taking a look at how things have changed over time is better https://imgur.com/geobw9v + +Apologies but it looks like YNAB does not include a legend so here is what the colors mean: + +* Red - Monthly bills +* Orange - Everyday Expenses +* Green(Beige?) - Savings +* Blue - Debt + +A couple of trends/events I am able to pluck out of this: + +* Non-mortgage debt was eliminated mid-2018(yay) meaning up until that point it was much more than a 17% expense that the totals had shown +* Monthly bills were pretty bang on until mid 2016. Correlates with a cross country move. Everyday Expenses took a beating for a couple of months as well +* Monthly expenses spiked in mid 2017 and haven't really come down. This reflects the transition from renting to owning +* Savings is highly irregular. Spikes I can mostly explain as IRA contributions.. but the more frequent minor irregularties not so much The last couple of years the bulk of the savings comes in the first couple months of a new year when contributions can be made + +That provides a pretty good high-level overview, let's take a peak at the 4 different master categories individually. Starting with savings +https://imgur.com/pfTyopB + +Sounds about right, looks like IRA contributions have made up about 50% of the category. I'm also assuming this has some 2014 contributions in there as well given the totals. After that the totals seem to get a bit smaller with other things we have saved up for including purchasing a home, going on vacation, gifting and donating and thankfully we really haven't had to use our emergency fund all that much in the last 5 years! Woohoo. What in the world is going on with Services/appliances/Electronics though? I did a little digging and it looks like it mostly breaks down thus: +* $15k landscaping and house projects +* $5.5k "we bought a house now we need a washer/dryer/lawn mower etc. for it" +* $5k one-time luxury purchases +* $4k electronics (phone's/TV/routers etc.) +* $2k furniture +* $2k misc services (plumbers/chimney sweepers etc.) + +I would not have guessed we spent that much on electronics. Holy hell. :\ Moving on to the next category: Monthly bills https://imgur.com/iaHtkvS + +Right off the bat: putting a roof over our heads is expensive. To the tune of nearly 82% of the entire category over the last 5 years. Second observation.. these subcategories are all over the place. "Electricity" and "Utilities"? Oh right.. we basically got lazy sometime in 2016 and decided to stop tracking electricity and lump it in with gas/garbage/water in the "utilities" category. Looking closer at utilities: + +* Nearly $4.5k is from LP.. which just began in 2017 with the home purchase. We need to switch, that's ridiculous! +* Another $1k in natural gas for the previous 2 years(MUCH CHEAPER) +* Rest mostly electric with water/trash combining for not even $50/month over the period + +Nothing else too exciting about this category. Next up.. every day expenses https://imgur.com/leMPHm7 + +This one I'm kind of proud of. This is where I feel like we have a lot of control over our spending. Right off the bat, our largest expense is groceries consuming nearly a quarter of the entire subcategories cost. Over 5 years though, that comes out to around $400/month. Not too shabby if I do say so myself! The next highest, homegoods is a bit high for my liking as is miscellaneous but they are what they are I suppose. For our budgeting homegoods is basically things like cleaning supplies, paper products, decorations, health and beauty and so on. Misc are things like car registrations, haircuts, credit card fees, amazon prime etc. For the last year we have only budgeted $50 a month for this category, although looking at purchases from a few years ago it looks like we were just throwing random junk in here that belongs better elsewhere. Maybe I'm not so proud of this master category. Oh well, live and learn I suppose! Last observation: pets are cheap, awesome. Sub categories are clothing/work expenses/and laundry from when we used to have to go to a laundromat. + +Now the last category, and my least favorite: debt https://imgur.com/bytFahV + +As previously mentioned this was tracking non-mortgage debt. That came down to 2 types for us, a car loan and the dreaded student loans. Actually, I think this category is the one to be the most proud of. We paid off $70k in student loan debt in 3 years. Hell ya. I know that there was at least another $30k dent put in the 3 years before that as well. Took longer than we had hoped, but in the end it's good to have that boat anchor off of our necks. Other than that, not really much to see/say for this category. + +Well.. this post got uh.. long and a bit of rambling. I apologize. I more or less did this live. A couple of big takeaways. + +* Tracking your spending like this not only has the power to change your behavior and life, it also allows you to reflect on the life changes that occur and how they impact your finances. The spending over time chart is my favorite I think +* Refinement along the way is key. When you begin your budget categories may be too granular for you or not granular enough. Tweak as you go and keep moving forward +* There are always things you can do better and things you rock at. Your assumptions may not always match the facts. The way to tell is to first have the data and secondly to analyze. Short of that you're just guessing. I know I wish I had started sooner to see what the 5 years before this looked like +* Plan long term where able with your budget. This is not reflected in the numbers posted, but initially we used to plan 1-month ahead in our budget. Then we need a new car. Or furniture. Or <insert expensive thing we had not saved for over the last x months>. The result: scrambling to find the money and spiking the funding of a subcategory for that month in order to cover the expense. Now we try to plan ahead all of those purchases, even the ones that are many years out like a new vehicle so we can spread the cost out over time +* 5 years is a loooong time. +Guten Tag to this global band of Apes! 👋🦍 + +What an exciting week! Yesterday we saw the price break out upward, reaching 15% up in just a few hours. Seemingly timed to coincide with Jerome Powell's statements, the institutional shorts aggressively attacked the price for the rest of the day. We still ended up a few dollars, but this kind of volatility demonstrates that their grip may be slipping and are only able to muster such a response when things get dire. Meanwhile, there are increasing reports of instances where brokers are unable to transfer or DRS shares - while not conclusive, this is a signal that legitimate shares may be scarce and each DRSed share is going to tighten the vise on the SHFs even tighter. + +On a separate topic, I want to thank the mods of r/Superstonk for how they've managed this community through this past year. This a truly special place, and the quality of the community is largely due to the organic growth that they've fostered as opposed to viewing themselves as leaders of a movement. The drama elsewhere highlights just how fragile these communities can be, but the mods here have consistently placed the community first, and I applaud them for that. + +Today is Thursday, January 27th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$102.21 / 90,63 €** *(volume: 2243)* +- 🟩 115 minutes in: $102.21 / 90,63 € *(volume: 2228)* +- 🟩 110 minutes in: $102.14 / 90,57 € *(volume: 2196)* +- ⬜ 105 minutes in: $102.12 / 90,56 € *(volume: 2078)* +- 🟩 100 minutes in: $102.12 / 90,56 € *(volume: 2073)* +- 🟥 95 minutes in: $102.07 / 90,51 € *(volume: 1954)* +- ⬜ 90 minutes in: $102.62 / 91,00 € *(volume: 1821)* +- 🟥 85 minutes in: $102.62 / 91,00 € *(volume: 1815)* +- ⬜ 80 minutes in: $103.02 / 91,35 € *(volume: 1788)* +- 🟩 75 minutes in: $103.02 / 91,35 € *(volume: 1544)* +- 🟥 70 minutes in: $102.95 / 91,29 € *(volume: 1539)* +- 🟥 65 minutes in: $103.02 / 91,35 € *(volume: 1332)* +- ⬜ 60 minutes in: $103.74 / 91,99 € *(volume: 869)* +- 🟥 55 minutes in: $103.74 / 91,99 € *(volume: 867)* +- 🟩 50 minutes in: $103.75 / 92,00 € *(volume: 854)* +- ⬜ 45 minutes in: $103.30 / 91,60 € *(volume: 674)* +- ⬜ 40 minutes in: $103.30 / 91,60 € *(volume: 670)* +- 🟩 35 minutes in: $103.30 / 91,60 € *(volume: 669)* +- 🟩 30 minutes in: $103.27 / 91,57 € *(volume: 659)* +- ⬜ 25 minutes in: $103.26 / 91,56 € *(volume: 657)* +- 🟥 20 minutes in: $103.26 / 91,56 € *(volume: 639)* +- 🟥 15 minutes in: $103.27 / 91,57 € *(volume: 639)* +- 🟥 10 minutes in: $104.27 / 92,47 € *(volume: 482)* +- 🟩 5 minutes in: $105.22 / 93,31 € *(volume: 84)* +- 🟩 0 minutes in: $105.12 / 93,22 € *(volume: 34)* +- 🟩 US close price: $103.26 / 91,57 € *($104.50 / 92,67 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1277. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi all, + +My name is Toby, I’m 30 and new to this group any advice would be appreciated. + +During lockdown I’ve being able to pay off most of my debt (bank loans and credit cards) which has left me with anywhere between £400-£750 a month better off. + +I would like to build up and bit of savings to ensure I don’t need to do the whole loans/CC again but I would also like to invest a little so I can get into a position where I don’t need to rely on my monthly take home. + +Stay safe! +I am newbie to investing so ELI5. +For example LEGAL & GENERAL INTERNATIONAL INDEX TRUST on hl.co.uk earned 13.65% between 29.11.18 and 19. But if you add returns from every each stock and divide by number of stocks it equals 20.25%. +So what's the point of buying index fund if you can actually buy every each stock listed on index fund you are interested in and earn more? +Hi, Over the past few weeks I've been thinking about splitting some of my savings off into stocks for the long term (I don't plan to withdraw any of this money until retirement in 40 years) and have ultimately decided ETFs are probably my best option rather than individual stocks. + +I'd like to get an opinion on the following ETF choices and my planned distribution between them: + +* S&P 500 (VUSA) - 40% +* FTSE 100 (VUKE) - 30% +* Developed Europe EX UK (VERX) - 20% +* Japan (VJPN) - 5% +* Emerging Markets (VFEM) - 5% + +I will be initially putting in £2000 and £100 - £150 per month thereafter, all dividends would be re-invested (maybe that's standard anyways?). + +My rational for this rather than just using a world-wide ETF is, I get to control what I personally want my distributions to be and can change them when I want which at this point is heavily USA and UK based. + +What are the upsides / downsides of this plan baring in mind this is planned for a 40 year investment period? (The vast majority of my money goes into easy access ISA accounts so I have no issues not touching this for a very long time) +Hey apes, Moroccan shortcut lover here. ( english is my third language so gaybear with me ) + +If you want to DRS from eToro, you can sell your shares and buy them the next day in IBKR by using paypal & wise showen in this method. + +&#x200B; + +[ You can find your details are in Deposit, DIRECT ACH transfer from your bank ](https://preview.redd.it/yiu66bqp4co81.png?width=524&format=png&auto=webp&s=cf8ad33900036704b67b68245826c434a100aec9) + +&#x200B; + +if you can't follow [this](https://www.reddit.com/r/Superstonk/comments/ssgrps/how_to_buy_and_drs_from_etoro_to_ibkr_in_less/) you are probably europoor that need one more step, that is Wise (TransferWise) + +&#x200B; + +[click on \\" Your USD account details \\" ](https://preview.redd.it/o9kyz1u35co81.png?width=620&format=png&auto=webp&s=9a0334f23c90a6e0c234290ce1121aea9d867a25) + +&#x200B; + +[once you receive this confirm your wise to your paypal](https://preview.redd.it/j2mzssxi5co81.png?width=1113&format=png&auto=webp&s=9ade713440444a07d5e6a0964e0a755e8a070886) + +&#x200B; + +[voilà, linked.](https://preview.redd.it/w2y1tpsr5co81.png?width=479&format=png&auto=webp&s=7164378f939827f0a44d5a324a987d743aac0f80) + +&#x200B; + +[withdraw your money to Paypal](https://preview.redd.it/vo5wac8u5co81.png?width=1296&format=png&auto=webp&s=fd35784c0cf6e47bd3944b213bf0ef3de604c9b3) + +&#x200B; + +[once received, convert it to euros then find your IBKR as you normally do](https://preview.redd.it/yrixcyzb6co81.png?width=1090&format=png&auto=webp&s=65c43c42a45bd5a22ddcba374c24f897eead2ff7) + +&#x200B; + +[grats bro, u successfuly got out from eToro shit.](https://preview.redd.it/m6c3con28co81.png?width=1318&format=png&auto=webp&s=0ebed57886ed81bd1cb043b5891ee4c4d290b4e1) + +**ATTENTION:in eToro you have three options, you clear out the first ( Credit/Debit card ) option and the wire Transfer, you only keep PayPal to as the sole withdrawal method to skip that " as previously used for your deposit" rule** + +&#x200B; + +you either find this useful or total shit, but for someone else I'm his savior. please be kind to each other. AND DRS YO SHIT!!! + +&#x200B; + +[PPPPPPPURRRRRRRRRRRPPPPPPPPLEEEEEEE RING \( \\"broke\\" 20yo college kid gave it all \) + 3 soon + 1 giveashare lol](https://preview.redd.it/bh1hbbtj7co81.png?width=1258&format=png&auto=webp&s=12a34bbdaaf58413dc691f013021dbceccf3ee76) + +&#x200B; + +[that's how you do it](https://preview.redd.it/wd8olawr7co81.png?width=680&format=png&auto=webp&s=bdb78d43e4b5c022cef65e21c6a9859ed9268ae8) + +Not a financial advice obviously. +As adoption increases, we’re bringing more idiots, children, and failed comedians into the space. + +Where I used to find information, discussion, intellectual and constructive criticism, I now see a flood of “Can you believe the number 69 is in the price of BTC?! Next stop 69,420!” or “69,420.69 the magic number!” + +Yes, marijuana is good. Yes, sex is good. We all know it. You’re not contributing anything by referencing them. + +The intelligence and maturity in this sub, and nearly every other crypto sub I’m subscribed to, has become completely diluted. + +All this, during a time where we’re pushing for adoption. We’re trying to be taken seriously. We’re wanting to bring new investors into the space. We’re wanting to see real use of crypto/blockchain technology. + +And here you all are acting like a bunch of children, laughing at the mention of “genitalia” in biology class. + +It’s fucking embarrassing. +I'm not looking for sympathy, but I just want to share my story so that someone else doesn't have to go through it. + + +This morning I surrendered my dog, Jude, to the Animal Welfare League of Arlington. I had been living in a place that didn't allow dogs and snuck him in. The reason I did this was because I never had the money to pay per deposits or live in a pet friendly place. + + +Please make sure your able to take care of ALL the financial aspects of pet ownership. + + +Edit: Thanks for having a great dialogue about this and for both kinds words and tough love. I hope this learning experience is something other people grow from in addition to me. +Ok so they pay a little more interest now. People say as rates go up people buy more bonds and dividend stocks and REITs suffer as investors move towards bonds. + +BUT... + +Why would anybody in their right mind buy a 10 or 30 year government of Canada bond right now? You get an interest rate payout below inflation and taxed at the highest possible rate. At the end of the term you get your principal back-except that inflation has destroyed its value. + +Meanwhile a good blue chip dividend stock will have almost certainly appreciated in value, the dividend payment probably increased and is more tax efficient. + + +I can see bonds having their place to preserve wealth but really fail to understand how anyone would want to shift from dividend stocks to bonds. +So, I am 19, planning out some financial goals for myself. I want to eventually begin funneling my profits from short term, quick roll around stocks to long term holds for my future goals and eventually my future children. The kind of stocks that, in 10-30 years, people will most likely say, "Wow, well back in my day xxx was only worth xxx! If you bought 200 dollars worth of xxx, you'd be a fucktillionaire!" + +Right now, my list is in it's infancy, and I have more of a focus on tech stocks, so I would love to hear some long term holds, from all sectors ideally, that you guys are optimistic will stay in business and increase in value year after year. Some examples that might make it onto my final list would include: Apple, Microsoft, Nvidia, Amazon, Kimberly Clark, Disney, Netflix, Roblox, AirBnB, and Tesla. + +I would also like to hear about any long term crypto you have a sense of optimism about. I don't know much about crypto, but I do see it as a great opportunity that will continue to grow and grow over the years. +[https://www.youtube.com/watch?v=RNgzOr-m6ok&ab\_channel=CNBCTelevision](https://www.youtube.com/watch?v=RNgzOr-m6ok&ab_channel=CNBCTelevision) + +TIMESTAMP 4.53. I have good hearing no one else noticed it, he did go pale before it switched off him. +It's $5.99 a month if you have that proof. + +That's pretty cool for them to do that. So many businesses typically soak the poor for every dime they can get. + +I know - even $6 a month can be too much sometimes. +I am thinking about relocating to NYC for a year or two, few years into my FIRE. + +My details are + +1. 50s year old couple, empty nester( off to college and 529 has been set up) +2. Eat out at nice (cheap and M \*\*\*) places +3. a lot of cultural activities ( Wagner Ring Cycle, Broadway, Met) +4. Jump off location to EU for travel +5. I assume no cars... + +NW allocated during this time will be in $7M range. Assume I can withraw mostly tax free and healthcare insurance is provided free. After the journey, I would like to take my $7M (inflation adj) and move to EU. + +Above NW will be FATFire in most place, but what would it get me in NYC? + +For housing, I would prefer to rent, but purchase is not totally off the table. with the mix of $7M in Net Asset what would be doable???? (you can assume #4 is also taken care of with miles for airfare and hotels, and don't have to be budged separately) + +What other ticks/hack/tips would you recommend for this 2 year stay in NYC? + +\[EDIT: Title should say $7 M, not 7 dollars..... \] +[Redfin Link](https://www.redfin.com/AZ/Chandler/3519-W-Tyson-St-85226/home/27771719?600390594=copy_variant&231528114=control&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet) + +Be careful out there. Watching this property crater in the Phoenix metro area. Purchased by damn Opendoor for $432K, then 2 weeks later, listed for $516K. + +Toured it and there were no renovations. Been sitting on market for 60+ days, the price has been cut several times…down to $459K. With higher interest rates, they’ll be lucky with that. + +The lesson, if you want to flip, improve the damn property. +Seeing this price of $12,500 is a bittersweet moment. + +I had been hodling my BTC since I bought in at $24 per back in 2013. No selling off, no weak hands. Buying in was just a very lucky move rather than any great insight. + +However, six weeks ago at the beginning of November I was seduced by the talk and the prevailing sentiment of a coming "flippening" over on r/btc. Consequently, when the price of Bitcoin began to drop, I was foolish enough to believe that the r/btc guys might be correct -- that the future would be Bcash and that legacy Bitcoin was heading into a death spiral. I sold all my Bitcoin at $5,600, and bought Bcash at $2,400. Double whammied. + +I have decimated my assets by a very considerable amount by listening to a bunch of shills and fools -- some of whom I now realize to have had a devious agenda. I am now preparing to sell this Bcash at $1440 and buying back into the real Bitcoin at $12,500. I cannot believe that I have been such a clown, and am feeling quite butthurt about my idiocy. I have destroyed my wealth by listening to fools. + +I post this only as a cautionary tale to anyone else who might be duped and deluded by the counsel and "advice" over at that toxic dump that is r/btc. +Miners are what keep the network alive. Regardless of the current situation the network should not be degraded or disconnected for Russian users. + +Russian civilian's don't want a war. It's unlikely Russia government is using the BTC network anyway. + +I too take Ukraine side in this disgusting act by Putin but we must maintain integrity of the Bitcoin network. + +*Edit* + +To clarify it has been reported that some cryptocurrency pools are blocking access to Russia. This is not solely limited to just BTC. + +*Edit 2* + +Just to be clear. I know exactly how the network works. I'm stating freely and clearly that all pools should remain online and active for everyone and not to impose any restrictions as to retain the integrity of crypto currency. + +As a pool owner you should NOT be making choices based of political decisions that may deliberately prevent end users from using the service. +Hello, + +I spent the entire summer between NYC and The Hamptons. A vast majority of people I met and became friends with were from money. Some of the people I met I later found out were from billionaire families, political families, real estate moguls, etc. + +Money came up a few times with these people and they all said in a round about way that their family was always focused on either creating A) Legacy B) Impact C) Generational Wealth for future generations to enjoy life + +Are any of you motivated by legacy or creating wealth to pass down? If so, why? If you are or are not, why so? + +It seems that the biggest driving factor in the most highly successful and wealthy people I meet is building legacy and impact. +Good Morning Apes! + +Today is the second day of T+2 exposure from last week. Given that we closed slightly under max pain exposure should have been minimal but it is possible buy pressure is picking up with all the interest now on the 23/24th of November and Loopring's recent performance, it could be that we are seeing retail buying in larger numbers. + +The last few days we seen an a slight uptick in non-block orders (less than 100 shares) hitting GME's order book. Indicative of retail purchasing. + +This puts additional pressure on the market makers as they attempt to hedge gamma exposure. + +Remember that if... + +https://preview.redd.it/3ym96t7nqyz71.png?width=1534&format=png&auto=webp&s=87909dd211befdaf1b61ccd37a94679bce600781 + +Currently 15,478 calls are ITM for Nov. 19 expiration on GME, that's an equivalent of 1,547,800 shares that need hedged. Plus all the ETF calls as well in the 106 ETFs GME is in. + +Even from a technical standpoint we have a nice bounce on the EMA 30, possibly moving up to test that upper trend. + +[GME technicals on the 1D](https://preview.redd.it/g28zc0rapyz71.png?width=2413&format=png&auto=webp&s=ad93fb796e56ecac82a63f2447be8224fca5ac16) + +So while traditionally this is a period of price decline it does appear that we are building a strong floor at 200-205 and could hold this till the expected action next week. + +They are however doing an excellent job bringing IV down, this is important when it comes to stabilizing their variance swaps. + +For those of you waiting on my current DD it is taking a bit longer than expected and I want to make sure the anybody who assisted along the way is credited properly, I should be done shortly, probably tonight. In the meantime a lot of it is covered here ... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +GME closing out the day. That big bump on XRT may have been some short basket creation as we saw two moderate sized shorts come in right before close to reverse the upward drift. But lower IV...yay! Thank you all for tuning in see ya tomorrow. + +\- Gherkinit + +https://preview.redd.it/7r0lvmjkv0081.png?width=705&format=png&auto=webp&s=c015a5008c98285f7b0bd6b19c8819dec884341e + +Edit 5 2:35 + +Holding VWAP, also some weird volume over on XRT 👀 + +https://preview.redd.it/hohg24aof0081.png?width=1580&format=png&auto=webp&s=d8e55b8cf92acd6c10f19da93dca44b0539cfa37 + +Edit 4 1:43 + +Picked up a little support on VWAP but the bounce back was weak and indicates more downside. + +https://preview.redd.it/a6k8lfga60081.png?width=1586&format=png&auto=webp&s=acbc0039aaa5ea3f0a3a3e063f67db33f16a53cd + +Edit 3 12:30 + +Coming down from the test at 212 buy pressure finally let off a drop below vwap likely means covering for the day is done. + +https://preview.redd.it/qf0eb3g4vzz71.png?width=1598&format=png&auto=webp&s=78946e08bd5604fcd5e76359e727c49803c07092 + +Edit 2 10:30 + +Nice bullish reversal on the 1m Coming up almost to open, remember our resistance to the upside is 210 + +https://preview.redd.it/9fjnx4n38zz71.png?width=1600&format=png&auto=webp&s=fd0623e83100888e2d1aa99dc465ec56543c264e + +Edit 1 10:01 + +Opening short into a triple top it looks like more declining price action into the afternoon + +https://preview.redd.it/31gx87jt2zz71.png?width=1601&format=png&auto=webp&s=84d313129d6e9de2d279b62b7b1048a486c0763b + +# Pre-market Analysis + +Push down at open has already been reversed testing 210 before market open. Some 100k shares have already been borrowed this morning. I expect some shorting. + +Volume: 13.06k (about equivalent to yesterday) + +Shares to borrow: + +IBKR - 150,000 @ 0.7% (share borrow rate dropping is generally a sign of a downtrend incoming) + +Fidelity - 1,312,556 @ 0.75% (Fidelity's rate rarely changes) + +[GME pre-market on the 1m ](https://preview.redd.it/88q0b2doryz71.png?width=1610&format=png&auto=webp&s=f81461ec1dac387ef3ffe567cc0f88cd03facfae) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +**Update: Decreased to [**344%**](https://imgur.com/gallery/ueesBZq) on March 16th.** + +Morning All, as part of my daily "Fidelity Share Lending" Post I check Fidelity's Margin Requirement to Short GME. Saw an unusual change and figured I'd mention it. + +Interestingly, after yesterday's SEC urging and RC's tweet; Fidelity suddenly increased their "Concentration" portion of the Rate. Total Margin Rate has been steady at [**335%**](https://imgur.com/gallery/2hYF2Wc) for sometime; but this morning it went to [**356%**](https://imgur.com/gallery/ign3N4q)... <-- Updated with 100 Borrows to maintain consistency. + +Prior with just 1 Borrow [**356%**](https://imgur.com/gallery/eQGjK99) + +Quite the timing don't cha think? 😉 + +Happy Ides of March! + +Edit: Adding a little context: + +**Fidelity**: Hey SHF, ya know them shares you borrowed? + +**SHF**: Yeah. What about them? + +**Fidelity**: Well, in regards to the Collateral you used...ya know the Securities that are tanking?... + +**SHF**: Uhm.... yeah... + +**Fidelity**: We are going to need you to deposit ~~21%~~ 6.2% more Cash/Collateral to maintain that position like right now mmm k? + +* Corrected because I can't do math. Thanks to u/DiscardedPack who discreetly let me know, but I'm a retard and appreciate the correction. Props! + +**SHF**: GUH! +So I made the mistake of telling my friend group about me buying some crypto. Big mistake. I have one specifically that screenshots bloomberg articles talking about btc will end humanity and how iran is banning it and telling me im an idiot every other day for buying it. At this point I havent spoken to him for weeks - and he still keeps it up. Literally every other day its some article screenshot with a thinly veiled insult. + +For real wtf is going on here? Are us bitcoiners so out of touch we inspire this hatred? I dont get it. +I’m fairly new to investing myself using Wealthsimple Trade, instead of Wealthsimple invest. I’m younger (<30 years old) and making sure my portfolio is 10%-20% bonds. My question is: Is holding a bond ETF, such as ZAG, an appropriate way to have the 10%-20% of my portfolio represented with bonds? Am I taking on risk by holding a Bond ETF instead of simply buying bonds? I appreciate the simplicity of holding ZAG and having the bond diversification come from there. +I have \~200k that I want to invest for the long term; the goal is to see some serious compound growth over some 20 years for retirement. + +I was originally debating between Wealthsimple auto-invest and all-in-one ETFs like VGRO, but after doing some reading I understood that they essentially do the same thing and figured Wealthsimple was a better fit for me since I don't mind the fees and its simpler. However I came across [this comment](https://www.reddit.com/r/CanadianInvestor/comments/rtq41g/comment/hque527/?utm_source=share&utm_medium=web2x&context=3) where someone seemed to get dramatically better returns from investing in certain ETFs that aren't all-in-one than what Wealthsimple projects for me for a similar timeframe. + +My question is; for someone who doesn't intend to actively manage this money and wants to simply leave it somewhere to compound over the years, would investing in individual ETFs be a smart/worthwhile move, or is that investment strategy really only suitable for someone who knows what they're doing and plans to move the money around every so often to keep it in a relevant sector? +I am considering subscribing into Sven Carlin's research platform because I like his style of analysis. But I am a new investor and it is hard for me to set aside $370 for this subscription, when I could be investing that money. Has anyone found his material to be worth it? + +The main source of value for me would be to see his model portfolio and consider following his buys when he makes them, but does he even do that often? With only 5 stocks in his portfolio and a long term outlook, I'm thinking that my $370 might only help me find one or two stock purchases to make over that year, and I am just not sure that's worth it. + +If you have access to his material, I would be interested to know whether it contains any vital info that you couldn't already come to by watching his publicly available videos. +I was wondering if it is worth trying to learn to use and make models such as DCF's and LBO's for your own personal investing. I know it is used in investment banking but don't know enough about these models to know if they're applicable in regular retail investing. +So I’m new learning about Phil Town/Buffet value analysis and it seems Roic tells you how effectively company is using the capital, therefore Roic single handedly tells you how great that company is. So question is what additional signficant thing about the company is told by its Roe and Roa number ? I mean isn’t just roic enough ? +How does a guy like me, a 19yr old undergaduate in history, find and build his 'circle of competence' from among a bunch of super technical fields like infrastructure, realty, FMCGs, banking, software, pharmaceuticals etc. +If you saw a man standing in Times Square with a sign that said "**THE END IS NEAR!**", would it bother you? Would the image of that man live in your head rent free for the next week? + +Or would you say to yourself "What a nutcase" and go on about your day? + +That's the stock market. It's a guy on the street in a ratty trench coat with mismatched boots, no shoelaces, 3 days of stubble, and a few teeth missing holding a sandwich board ranting about the approaching cataclysm. + +Some of the people on /r/wallstreetbets are poking fun at these sandwich board people everyday. Some of them *are* the sandwich board people. Some of those people vacation here. + +Here's an idea. + +*If it bothers you, don't look at it.* If the daily noise of the market is causing you to lose sleep, turn off the TV. But how am I supposed to know what's going on if I'm not looking at the market? What if I miss some great deal? + +I got news for you. ***You're going to miss great deals. Every single day.*** There will be 1000's of opportunities, years long and minutes long, and those boats will sail right by. You won't be on them. Neither will I. + +Some famous guy once told George Goodman "I don’t have to make money in every game." + +If you bought a business because you understood it and it was a sound place to put your money to work for the next 10 years, why do you care what the sandwich board people think about it today? +As the title says, I am curious to hear if people follow or have followed insider transactions and if you use the data in your investing? If so, do you use it as a positive sign or more as a negative sign (i.e. you see selling and get worried?) + +I've recently gotten very interested in following insider transactions and have embarked on a project to build a dataset of all historical open market insider transactions, and to try to come up with some sort of confidence or conviction score, and a ranking of insiders. So I want to look at things like: + +* how meaningful a purchase was, or how meaningful purchases over last 30 days were in terms of % of previous position size +* how successful the person has been with past purchases: i.e. returns over XYZ period since purchase date (think it will be fun to see who comes out in the top 5 since my data goes back to 2006) + +What else do you think is valuable to look at? What do you look at? +The HSA can be triple tax advantaged if you use the funds eventually for medical expenses. Pre-tax contribution, tax-free growth, tax-free medical expenses. + +If after 65, you can use HSA for non-medical expenses, but will be taxed. So 1 out of 3 of the tax advantages is gone. + +I've seen common thinking to just let HSA grow with it's tax advantages, pay for medical expenses out of pocket now, but save those receipts for later. So you can get more out of the tax free growth. + +This seems bonkers to me. Who is saving and keeping track of medical receipts for 30+ years? +Good Morning Apes! + +I want to thank you all for the support yesterday, losing a loved one is never easy and your kind words really meant a lot. Your support continues to motivate me to do this, day in and day out. + +I weighed the possibilities and decided that throwing myself 100% into my work is obviously the best thing for my psychological health. Thoughts make bad company. + +So what's going on in the market today? + +Well Hang Seng up last night (2.72%), the DOW gapping up 1.90%, finally the S&P 500 up 1.18% in the pre-market. It looks like those deferment dates moved that monthly expected SLD up a week, or at least that is what is indicated by the corrective behavior in the market this last week and the bullish turnaround this morning. + +GME is also a beneficiary of this large premarket move. Up $6 since market close yesterday and with earnings after market close tomorrow we may see some volatility pick up today and tomorrow and a larger spike in IV as well. + +We spoke a lot about FINRA deferment schedule last week. Well, the required deposits for margin from that Nov 19th date are due tomorrow same day as earnings. If that deposit requirement is failed then the 13th could be pretty interesting. + +***\*I should note that if a extension was requested in writing and the deposit is missed, the failing entity can be granted a 15 day extension 4 times. Pushing this out till as late as February 8th. This is only in the event that margin was failed and the deposit was not made.*** + +https://preview.redd.it/zvgzwri5h4481.png?width=1395&format=png&auto=webp&s=ec50342acbf486db8e771d1010733e2f85084cb8 + +I also wanted to update everyone on our current cycle + +[Volume currently indicates a failure to roll forward future contracts, likely due to illiquidity. A failure to roll these contracts forward leads to a large number of FTDs both on GME and GME containing ETFs. Same as last January. ](https://preview.redd.it/fgo3kiw4j4481.png?width=2453&format=png&auto=webp&s=07578d2a266d14285edbfbe22a671c37949aa8ad) + +Make sure to check out [MOASS the Trilog](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) for a better idea on this theory. + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Nice little run to close out the day, max pain is still slightly above our current trading price (187.50). Little bit of a bump in IV we had some volatility today and would expect more tomorrow as earnings approaches. Thank you all so much for hanging out, especially today. I'll see you tomorrow morning. + +\- Gherkinit + +https://preview.redd.it/sknhgb9rq6481.png?width=759&format=png&auto=webp&s=076c1abc984b504329064516ef8a0976fe1e511a + +Edit 6 3:14 + +🥞 + +Edit 5 2:14 + +still flat IV actually dropping into earnings now. + +https://preview.redd.it/sprzcle176481.png?width=1514&format=png&auto=webp&s=f63970e7bba6bd53976d109681b21df38ed9e3e6 + +Edit 4 1:05 + +Flat holding to VWAP it appears for the near term that excessive shorting is over, 300k shares also returned to IBKR. However this could also be them stockpiling shorts for earnings. + +https://preview.redd.it/vzme2lovu5481.png?width=1519&format=png&auto=webp&s=19289845e6a35516b8b53b7f3fdae03152569127 + +Edit 3 11:54 + +GME found support at 170 and is testing VWAP to the upside + +https://preview.redd.it/8y4yad55i5481.png?width=1525&format=png&auto=webp&s=5707835715e2739011ad70d01d9c51e7cd498598 + +Edit 2 11:04 + +Consolidating again on below VWAP after the failed test of 181, It looks like some deep ITM calls are being bought going into earnings as institutions position/hedge. + +https://preview.redd.it/mph54yv695481.png?width=1509&format=png&auto=webp&s=5b5f905e70a2d818a8196d22674dbee8fc216b0b + +Edit 1 10:04 + +GameStop breaking out of it morning consolidation to the upside volume is still very low but the SPY is skyrocketing so it should be difficult to pull as down right now. + +https://preview.redd.it/i9rnfi1gy4481.png?width=1522&format=png&auto=webp&s=6c5ab82cd01806f458beb4d3a5b32567a3b82bb8 + +# Pre-Market Analysis + +GME getting dragged by the overall market, in a good way + +https://preview.redd.it/d9m5x18yk4481.png?width=723&format=png&auto=webp&s=fb665cc14b566e9e0e839c19c016a94527304aa9 + +Shares to Borrow: + +IBKR - 400,000 @ 0.5% (450 thousand borrowed and 200k returned this morning) + +Fidelity - 729,200 @ 0.75%, up a little from yesterday + +CV\_VWAP + +Arbitrage is the most stable it's been since November 16th + +https://preview.redd.it/hhp8k83ll4481.png?width=2457&format=png&auto=webp&s=6180edf226dbd822bff28a6da130cd40639ac9a9 + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* +