diff --git "a/reddit_finance_43_250k_274.txt" "b/reddit_finance_43_250k_274.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_274.txt" @@ -0,0 +1,10000 @@ + +Still buying itm puts $2m worth in the last 28 minutes. But they are running out of open contracts...lol. As soon as the pressure let's up we go REEEE again. + +https://preview.redd.it/wm9w22mszdb71.png?width=1634&format=png&auto=webp&s=ba7037478804d72ed3d4ddb9b2f0b71f2bf176d6 + +Edit 1 9:46 + +Straight up consolidation at 170 almost 1m volume + +https://preview.redd.it/xexpn96asdb71.png?width=1636&format=png&auto=webp&s=16b18f3bd25bc9abfa9a3be2ffd6c3d2f5e4e0f7 + +# Pre-Market Analysis + +Sitting around 70k volume with 150k shares to borrow. Our pre-market volume is actually pretty high so far . I expect 157 to be a strong support yet again. Between GME's and ETF option chains, it looks like they have dropped near $0.5B on tanking the price this week. Expect more fuckery today. + +https://preview.redd.it/v12de1vohdb71.png?width=1634&format=png&auto=webp&s=553e7ba0b13f852ec6711c09e84937889238af1c + +Another thing to not, due to the big price drop yesterday and massive European market volume this morning we are seeing a spike in CV\_VWAP. I will monitor this for a jump to the signal line. + +https://preview.redd.it/2ihwfc3qhdb71.png?width=1301&format=png&auto=webp&s=94c75615e1863157f4a9c3877c3b07ce2c002a58 + +The rest of the technical indicators have broken down currently due to adverse market conditions, If we bounce and return to the expected price movement I will let you guys know. + +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.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**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/) +>[Oh and uh short burn of the century comin soon. Flamethrowers should arrive just in time.](https://twitter.com/elonmusk/status/992388944774938626) + +-Elon Musk + +Oh Elon, sorry to steal your thunder. But GME will make TSLA vol look like TLT. Jeff haunting your every accomplishment yet again. + +----- + +I’m back with the final warning bell. The next time I post in 2021 will be to recap the squeeze’s results and post gain porn along with u/Deep_Fucking_Value, u/SIR_JACK_A_LOT, u/Tomatotowers, and more. *This is the last stop before the moon mission.* + +It’s currently not too late. But after Q3 earnings on Dec 8th, it will be. And of course, as always, not financial advice. Just for bragging rights and entertainment. Here goes: + +Here’s a comprehensive GME overview for all new and returning WSB-monkeys. Sit down and grab some tea. This is a long one unlike the previous posts. + +**GME Overview:** + +The GME story can be broken up into 2 main theses. The first is a deep value play which has credibility all on its own. The second is an infinity short squeeze like we’ve never seen before in history, which has credibility all on its own. When combining the two, you get the trade of a lifetime. + +In all my (albeit limited) days, I have never EVER seen a trade set up like this before. I’ve pored over every source of historical finance material I can get my hands on, and still have nothing to reference to. IMO, this will look more like the 2008-MBS bet, or the Ackman 2020-COVID “Hell is coming” bet, than TSLA, OSTK, KBIO, or VW. + +Just a fucking face-ripping, out-of-nowhere, legendary-HOF-ticker bet that will bankrupt some funds and get people fired - and of course, with no community other than WSB’s name next to it in the history books (and if I could pencil in our lovely GME discord and u/RoaringKitty’s YT stream). + +Let’s begin. + +**Act 1 - The Set Up:** + +Q: Why is GME so heavily shorted in the first place? Why are we betting the long? Aren’t they going bankrupt ala Blockbuster? If not, are we just trading this short term like a HTZ/CCL meme stonk? + +A: NO. This is a fundamentally solid deep value play at its core. + +First let’s go back a few years. We must give the shorts due credit in order to understand where we are now. GME has been profitably shorted since 2013 when the market correctly bet on the digitization of video games and spread of mobile gaming. Some data here: + +* GME sales have plunged from $9.5 billion in fiscal year 2011 to $6.4 billion in fiscal year 2019. + +* GME Annual EBITDA has dropped from $839 million in fiscal year 2011 (before the last console cycle) to only $111 million in fiscal year 2019. + +* Net income has fallen off a cliff from $339 million in fiscal year 2011 to a staggering loss of $470 million in fiscal year 2019. + +* In the two most recent quarters alone, GME lost another $277 million. + +The shorts are betting on $0. + +However, in the last 12 months, GME has shown that their terminal velocity does not lead to bankruptcy. GME has a strong balance sheet. [Cash on hand is worth over $12 a share. Net cash is worth over $5 a share](https://seekingalpha.com/article/4378623-gamestop-revenue-sharing-agreement-microsoft-shifts-sentiment) and is FCF positive (nixing the bankruptcy thesis). They also paid off $125M in debt last month just to show Moody’s they are healthy due to their incoming console cycle FCF (which may lead to possible bond upgrade, enticing more institutional investors). + +So give the shorts credit. They had a legitimate case until the last 12 months, when George Sherman (CEO), Reggie Fils-Aime (ex-Nintendo, current GME board member), and others have been conducting a phenomenally well executed turnaround. + +That explains why we currently have ~70M shares short out of ~65M shares outstanding - but they’re all now caught on the wrong side of the trade. + +In case the severity of the short interest hasn’t hit you yet, **there is a bigger market for shorting GME than the business of GME itself.** This is not even taking into account the long holders ([Senvest, Ryan Cohen, Burry, Donald Foss, Sherman, Hestia/Permit](https://fintel.io/so/us/gme)) which takes ~25M shares out of circulation. So short interest in reality could be around 180%+ of true float. + +A true head-scratcher. + +And a worthy opponent. + +But they’re wrong. + +**Act 2 - Avengers, Assemble:** + +Q: Why am I so sure GME is prime to blow? Isn’t this just another meme stonk hunch driven by WSB and Michael Burry hype? How can a few online gamblers and a few activist investors turn a dying business into a trade of a lifetime? + +Couldn’t the shorts be right? Also, hasn’t it blown already? + +A: NO AGAIN. + +Let me show you the ridiculous Avengers team we have. By Avengers team, I mean all the bullish cases: + +**1) Ryan Cohen** + +Iron Man of the bunch, some call him the Dog-Man. + +This guy is a crazy entrepreneur. He took on Bezos with a pet food company (CHWY) and won. Let me repeat - he beat Jeff Amazon without AWS subsidizing his loss leaders. + +In other words, he built Markk I (CHWY) in a tiny cave with scraps all by himself with his dad, and now that he has billions, he wants to build nanotech Markk 50 (GME). Read up on this guy. He’s as crazy and as smart as they come. + +He also wrote a scathing [letter](https://s.wsj.net/public/resources/documents/RC_Ventures_Letter_to_GameStop.pdf) to GME leadership, but if you read between the lines, he’s not addressing the existing board, who had only been there temporarily. He’s setting this letter up in order to potentially offer a takeover bid (rumor mill - unconfirmed). + +Either way, GME leadership needs to address this letter in the Q3 earnings call on Dec 8th - which means they need to either post a good quarter, provide good guidance, or add color to existing developments. + +Otherwise George Sherman (Cpt America)’s ass is out the door and Cohen takes over as the leader of the Avengers through a vote or buyout. Either of which requires shares to be recalled. + +One more thing to note about RC. There has been no 13D/A filling since his initial purchases. Which means he is STILL IN. He has not sold a single share. + + +**2) GME Leadership and activist investors - Guardians of the Galaxy, Dr. Very Strange Burry, and the old Captain trying to fit in with the youngsters:** + + +Dr. Very Strange Burry - AKA Big Short Man. Supreme numbers aspie who might have a screw loose but is unmatched at spotting contrarian trades. *Edit 2: BTW for those asking about his holdings drop. He's trimming to stay under 5%, but still has a large position: + +- Q1: 3,000,000 shares worth $10,500,000 + +- Q2: 2,750,000 shares worth $11,935,000 + +- Q3: 1,703,400 shares worth $17,375,000 + + +Hestia/Permit/Senvest - Contrarian, activist investors. + + +Cpt George Sherman - Boomer CEO who knows what he’s doing. + + +Reggie Fils-Aime - Beloved ex-Nintendo President. + + +**3) Bond repurchase** + +GME just bought back [$125M](http://news.gamestop.com/node/18286/html) of debt maturing in 2021. Who cares? Yes - normally this is a nothing burger even for a micro-cap, but if the shorts are betting on $0 - this is clear evidence against that bet. + +Secondly, rumor mill has it that this debt repurchase plus positive Q3 earnings/guidance will allow Moody’s to upgrade their 2023 debt to A or maybe higher. + +This is HUGE because it allows institutional investors to long GME without further restrictions. In other words, they may not be allowed to long companies with B- debt. Once this is upgraded, more buyers are allowed to come in. + +Very underplayed story here. + + +**4) TA - When the stars and crayons align. Here’s an excerpt from our resident astrologist u/JayAreW:** + +> Ignoring the short squeeze element of GME and just looking at chart action, there are two elements that are important to keep track of. The cup and handle pattern and $15.80. + +> While my trading style is 90% technical analysis, there are certain elements which I shy away from – mainly chart patterns. However, it is important to at least recognize the obvious ones because if you see it, chances are others see it too. The main pattern I keep an eye out for are the massive cup and handle patterns. This is an example from Pring [figure 1](https://media.discordapp.net/attachments/778014693059067934/783103438112030760/cup_and_handle_pring_fig_1.PNG). + +> The buy signal is traditionally a breakout above the handle, and a good estimate for price target is the distance from the base of the cup to the handle, added to the breakout point. A recent example of this is $JMIA [(daily - figure 2)](https://media.discordapp.net/attachments/778014693059067934/783103467937988628/jmia_cup_and_handle_fig_2.PNG). Notice not one, but two failures to break the top of the handle and the subsequent parabolic run. +Compare $JMIA with $GME and you see almost the same pattern [(daily – figure 3)](https://media.discordapp.net/attachments/778014693059067934/783103497926082580/gme_cup_and_handle.PNG). The traditional buy signal would be a breach above the red line (~$15.80). The difference between $JMIA and $GME is that $JMIA was far more condensed; the pattern played out over a period of a few months where $GME’s cup and handle started in late 2019. Playing this pattern exclusively, I would expect a price target of roughly $27, stretched out over a period of weeks/months and not as explosive as it’s African counterpart (assuming a squeeze doesn't happen between now and then). Typically, any chart pattern calls for a retest of the breakout point, so don’t be surprised if $GME retraces to $15.80 and look for a bounce there as confirmation that the breakout is on. +The other important element is the $15.80 price. Not only is it the breakout point for the cup and handle pattern, but it coincides to a price point which I believe was a major short-selling entry point [(fig 4)](https://media.discordapp.net/attachments/778014693059067934/783103538602442812/GME_big_short.PNG). Notice the nearly 20% gap down on 33 million of volume. This type of action doesn’t just happen with selling alone and I believe massive short positions were opened on that day. + +> This $15.80 then represents a breaking even point for those shorts if they have not closed their positions (and we have no real reason to believe they have). Breaking even is a huge psychological barrier for people when a trade isn’t going their way and often times represents an exit point for crowded positions. Most of the shorts were already underwater - above $15.80 and that water begins to boil. I believe this position is becoming borderline untenable for existing short positions and is a crowded and disastrous trade. +So to recap, $15.80 not only serves as an important chart pattern breakout point, but the proverbial “line in the sand” for existing short positions. + +JeffAmazon here again: Note Jay and I don’t agree on a few major points, but are nevertheless both seeing bullish action to come very very soon. + + + +**5) Product Mix** + +GameStop is expanding their product mix to include monitors, PC parts, and [more](https://gamerant.com/gamestop-vizio-tvs/). GME is no longer a Disc-Drive only store (which is fine itself), but an all-things-tech e-commerce growth start up. Or you can at least bet that’s the narrative. + +GIVE ME THAT F-ING CHWY SALES MULTIPLE. + +**6) Three signs of a bubble: leverage, lack of liquidity, and consensus.** + +This is an inverse bubble - it will rise as quickly as other bubbles drop. KBIO and VW are often quoted as short squeeze examples. Those are wrong comparisons. The only similarity is the fact that shorts were involved. + +Instead, think of any other market bubble. It’s simply about leverage, lack of liquidity, and consensus. We have all 3 in GME. Everyone thinks GME will go like BlockBuster to $0 and is using leverage to short (by definition and current SI). + +So instead, think of Burry’s 2008 MBS trade, Ackman’s 2020 COVID trade, PTJ’s Black Monday Trade, or Chanos’ Enron trade. + +Same thing, different direction. Will go up as fast as the others went down. + +And oh boy do we lack liquidity. Crowded party, one exit. + + +**7) Phenomenal numbers due to current console cycle.** + +$GME bull Rod Alzmann [(Uberkikz on Stocktwits)](https://stocktwits.com/Uberkikz11) has great breakdowns on Q4 EPS/order count due to console cycle. He tracks orders by order number among a slew of other information [here](https://twitter.com/RodAlzmann). + +Check out his models. In short, we expect over $5 EPS in Q4 base case. Which is bananas. + + +**8) MSFT Partnership gross margin** + +GME is getting free money from Satya Nadella. + +[Conservative estimate $180M, 100% margin for 2 years](https://seekingalpha.com/article/4378623-gamestop-revenue-sharing-agreement-microsoft-shifts-sentiment). + + +**9) January and April option OI** + +OI in option calls for Jan and April are almost 4X that of Decembers. Is GME going to exercise the ITM calls for a squeeze? Why are they so insanely large? Who are these buyers? WTF are they doing? + +No clue. But something is about to go down. + +Note put call skew isn’t that low, so no infinity gamma squeeze yet, but it will come as GME obtains meme status. + + +**10) Most importantly, YOU.** + +CNBC and other misled, egoistic mass media companies and institutional investors continue, time and time again, to look down upon the new generation of traders and laugh at WSB. + +Tell me, which one of them has read all of Moody’s credit reports on GME? Which one of them live streams collaborative GME DD 20+ hours a week for 6+ months straight? Which one of them tracks order flows by the f-ing second based on skimmed CC data? Who scours r/GameStop to see how leadership is treating their employees and customers at a testimonial level? Do they even know about the bond repurchase? + +They don’t know jack s-. + + +**Act 3 - The Trade** + +What more evidence do you want? Time for action. + +First, the PT. u/ronoron summed it up well: + +> A 3 billion market cap (not even 0.5x of their revenues) would already leave GME at $46/share.Going back to their 2013 peak at around 6 billion market cap would leave them at almost $100/share already, not the $56 peak/share. The algos trading still can't appreciate the fact that GME halved its number of outstanding shares a while ago. + +> For comparison. Bestbuy is trading at almost ~0.7x of revenues with lower gross margins. Nordstrom is almost at 0.4x of revenues despite the bigger liability their department stores are having through corona (never mind their uglier balance sheet). GME is still hovering just above 0.2x revenues because stinky shorts overestimated how bad corona would be for GME (e.g. delayed console cycle, digital consoles becoming widely popular).” + +PT can easily be over $100. The JeffAmazon target is $420 which gives them about ~$25B market cap at a P/S ratio of 5, maybe 4 with console cycle revenue. That wouldn’t even be considered an euphoric price with today’s growth stocks. For comparison, NVDA is 22, TSLA is 20, and CHWY is 5. + +Timing: +This all hinges on Dec 8 earnings. If GME misses (it historically has), Cohen will use this opportunity to attack leadership and take over as CEO. Therefore, GME leadership needs to provide a great earnings report or else Sherman will lose his job. + +Here’s my responsible trade (do whatever you want): All in calls and shares now. If IV and $GME is sky-high before earnings, sell half to secure profit. If GME misses and tanks, bet your bottom dollar a takeover bid will be announced shortly. + +In all honesty, I'm going to probably hold everything through earnings WSB style. + +My positions: +1/15/21 $30Cs, shares + +(I would buy April $30Cs too, but I'm all tapped out of cash). + +Shorts and longs both have their cases. All the cards are on the table. Which side are you on? + +------- + +If I missed anything, comment and I will update above. I’m aiming to make this the final stop for all high-level GME DD. + +*Edit 1: Educate yourself right now on IV crush (in short, we expect a lot of vol now, so option prices are high. After earnings, expected vol normally decreases, so your option prices will normally drop). GME is the king of IV crush after earnings. If you're playing FDs, prepare to get destroyed like always. Safer bets are LEAPs or FDs after earnings. + +*Edit 2: All these beat earnings recently: SNE, MSFT, BBY, BBBY, NTDOY, ATVI, TTWO, JWN, M, KSS + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hello first off, I want to say thank you guys for helping people like me who are struggling. I really appreciate it! I am really having trouble trying get this debt paid off. I am looking for someone who can help me come up with a solid plan to get all this debt paid down. + +# Background: + +I am going to be very honest with you guys about my situation, my background, and my finances. I haven't made the best choices with my money and credit but I have gotten alot better. When I started building credit I was in a really bad place in my life. I was living in bad household conditions and was using drugs regularly to numb myself from what I had to deal with. I am clean now! I grew up with a family of 10 and my mother passed away when I was very young and my sister passed away a few years ago. My dad had to raise 10 of us as a single dad with bad credit & not the best income. We really struggled growing up. When I was 18 years old I hadn't been to the dentist since I was like 10 years old. My teeth were really bad and the only way I could afford the dental bills was with credit so I racked up ALOT of debt getting my health figured out. My first two cars went to shit in a matter of weeks. I lost alot of money on that. I also made some bad investments. I had a gambling & drug problem for awhile but I am clean now and don't gamble nor do I have any desire to. Another bad habit is impulse buying. I sometimes buy unnecessary crap off Amazon and regret it later. I really want to get out of this miss. I will commit to a solid plan. + +I am going to do my very best to give you as much info I can so you can see the full financial picture. I am 26 years old and living with my two brothers at the moment and splitting the bills three ways. We share an apartment and plan on buying a house soon. + +# Current Debt: + +# Credit Cards + +**BOA:** + +***Total Credit Line:*** 14,000 +***Outstanding Balance:*** $12,525 +***Apr:*** (0% until 04/08/2021) +***Current Payment:*** $250.00 + +**AMEX CARD #1** + +***Credit Limit:*** $6,000 +***Outstanding Balance:*** $4834.00 +***Apr:*** Purchase: 23.99% & balance transfer: 25.24% (Purchase Balance: $3,418.21 & Balance Transfer: $1,438.21) +***Current Payment:*** $48.00 + +**AMEX CARD #2** +***Credit Limit:*** $25,600 +***Outstanding Balance:*** $224.00 +***Apr:*** is 20.99% +**Current Payment:** $35.00 + + +**DISCOVER CARD #1** + +***Credit Limit:*** $7,800 +***Outstanding Balance:*** $737.82 +***Apr:*** 22.97% +***Current Payment:*** $95.00 + +**DISCOVER CARD #2** +***Credit Limit:*** $8,100 +***Outstanding Balance:*** $1,097.77 +***Apr:*** 22.97% +***Current Payment:*** $41.00 + + +**WELLS FARGO** + + +***Credit Limit:*** $10,000 +***Outstanding Balance:*** $255.00 +***Apr:*** 20.99% +***Current Payment:*** $25.00 + +# Personal Loans + +**LENDING CLUB LOAN #1** + +**Loan Terms:** + +**Original loan amount:** $20,000 +**Loan term:** 38 months +**Interest rate:** 6.46% +**APR:** 7.14% + +**Current Loan Info:** + +***Remaining Balance:*** $4,755.40 +***Payments Left:*** 8 +***Payment Amount:*** $612.62 + +**LENDING CLUB LOAN #2** + +**Loan Terms:** + + +**Original loan amount:** $3,125 +**Loan term:** 38 months +**Interest rate:** 6.46% +**APR:** 9.23% + +**Current Loan Info:** + +***Remaining Balance:*** $2,837.89 +***Payments Left:*** 33 +***Payment Amount:*** $95.73 + +**Credit Score, Total Credit Limit, And Total Credit Cards** + +My credit score is sitting at 712 right now. I have been very good about making on time payments. I have never missed a payment as I have auto-pay setup on all credit cards & loans. I have been building credit for about 8 years now. I have a total of of 14 credit cards which I know is very excessive but I kept applying for new ones to get the 0% Promos so I could keep moving my debt around. My total credit limit is over $100k. I don't use most of the credit cards except maybe 2 and the others I am trying to paying down or they are at $0 balance. + +&#x200B; + +# Income + +**Here is how much I make a year, a month, in two weeks, a week and my hourly rate:** + +***Yearly*** \- $28,000 after all taxes & deductions +***Monthly*** \- $2,333.33 +***Two weeks*** \- $1,166.66 +***Every week*** \- $583.33 + + +*I get paid every two weeks on a friday.* + +&#x200B; + +**Hourly Rate:** + +***Daytime hourly pay rate:*** 16.50/hr +***Nighttime hourly pay rate:*** 17:00/hr (I work overnight currently for another 2 months) + + +# Current Employment Situation & Goals + +I only work one job 40 hours a week. Sometimes I get overtime but not so much anymore. I have been looking into real estate investing for a few years as a way to make passive income and have multiple sources of income but I feel I need to get my debt paid off first. I also am considering applying for a management position at my work which pays over 100k a year. Only thing stopping me is I didn't finish high school due to family issues and not sure if they would ask for my diploma if I did apply. I told them I did graduate when I applied 5 years ago. I have been with this company for almost 6 years. Should I risk applying for management position? They want me to apply and I am more then qualified to do the job as I have a ton of experience there and am in a leadership role currently. Should I try to get my hs diploma online through pennfoster or just get my GED? Please advice me as I don't know what to do. + +# Bank checking, savings, cash on hand, etc: + +**Checking:** $5,200 +**Secondary Checking:** $500 +**Savings:** $1,000 +**Coinbase:** $1,900 +**Cash on hand:** $65 +**TOTAL: $8,665** + +# Retirement Accounts + +**Esop:** $29,000 (80% vested and will be 100% mid next year) +**401k:** $5,000 +**TOTAL: $34,000** + +Should I cash out ESOP or 401k early to pay off credit cards once I am fully vested? Would I be better off being rid of the high interest debt and restarting my retirement at age 26? + +# Assets + +***Stocks:*** $300 +***Car:*** $2,100 ( In use, Paid 1,700 cash in full) +***2x Oculus Rift Sets + Games:*** About $350 each.. could prob get more (don't use much anymore) +***2x Gaming Pc's:*** The one I use is probably worth about $1,500 and the other one is like $400-$600 +***Gaming Headset:*** $80 (In use) +***55 Inch Tv:*** $200 (In use) +***32 Inch Tv:*** $65 (Don't use) +***Mini Fridge:*** $80 (In use) +***Sound Bar + Sub Woofer:*** $70 (I use but not often) +***Ps4 Pro 500GB with dual shock controller + 20 games:*** $325 (I use regularly) +***Ps3 with controller + 10 games:*** $100 (Never use) + +**Total in use:** $4,355 +**Total not in use:** $1,665 +**Total Assets: $5,945** + +# Monthly Expenses + +***Rent + Water:*** $370 + +***Cell Phone:*** $41.50 +***Debt Payments:*** $1,202 +***Electric:*** $35.01 +***Internet:*** $33.33 +***Netflix:*** $13***Gas:*** $35 +***Car maintenance:*** $35 on average +***Food:*** $150-$200 +***Hygiene, hair products, hair cut, laundry, etc:*** $50 +***Gym:*** $9 +***Amazon Prime + Kindle Memberships:*** $12.99 + $3.33 = $16.32 +***Games:*** $20 on average + + +I think this is everything... I can't think of anything else at the moment. + +**Total Monthly Expenses: $2,040.16** + +# Breakdown Of Everything + +**Total Credit & Loan Debt:** $27,266.88 +**Total Monthly Income:** 2,333.33 +**Total Expenses:** $2,040 +**Total Assets:** 5,945 +**Bank Money, Cash & Coinbase:** $8,665 +**Retirement Accounts:** $34,000 + + +Thanks for reading! :) Let me know if there is any info I left out that could help come up with a plan. + +Edit: Wow I am in shock by the response this got. I am seeing alot of really good advice. I would have never been able to figure this out on my own. I plan to read and respond to everyone I can when I get off work today. Thanks everyone! I truly appreciate it! :) +I made gains last year. I pay my taxes. And I'm cautious in paying my taxes, I'm willing to pay more even if the "rules" are uncertain. Because I exchanged some ETH and Bitcoin to Aion, OmiseGo, Zcash, and a few others, I treated each event as taxable. Sold crypto for fiat to pay taxes, and I assumed I owe based on the short term gain clock. + +Taxes included US, State, and because of the level of gains, a "net investment income tax", which basically adds 3.8% in taxes to pay if you made strong investment gains. + +Throughout the year, I tried to estimate my taxes myself, pay quarterly, and use software to help (such as bitcoin.tax). + +Overall, my story is a positive one. Never timed "the top", but have no place to complain. +However, I also Very Much underestimated how much taxes I owed + +I thought I was being pretty diligent. But, after spending much time filling out the various trades in bitcoin.tax, and working with a CPA, it was revealed I had a massive tax bill owed. Luckily, I already took quite a lot out as a precaution "dummy check". That made the payment easy. Sad. But easy. Again, I have no place to complain, but wow, it was a lot of money. + +Now my taxes are done. I'm happy to gradually buy into crypto over the weeks, months, years ahead. After all, nothing out there is anywhere near as promising to me. It's on the verge of technical milestones, it's game changing, and I can be more connected to the associated community than any other investment out there. + +But I can say that for MANY people out there like me, the reality check of taxes hit hard, even after I thought I was doing it right. I know I'm far from alone in my gains and associated acquired respect/lesson in paying taxes. Very far from alone. + +I suspect much of the tax-associated sell pressure is over; most people by now should know what they owe in taxes. Billions in gains were made last year. That's a lot of tax-associated sell pressure in short period of time. Remember, the gains took the year, the selling, weeks. You don't need to take out $1 billion from exchanges to drop the market cap $1 billion. Liquidity of crypto is too poor for such a simple model. It takes much less money to sway the market cap. There was so much gains by so many people, I have absolutely no doubt in my mind that much of the recent drop is people realizing how much they need to pay in taxes. It seems REALLY obvious to me. +Title sums it up but for those that don't know tomorrow during the Super Bowl there is going to be advertisements from crypto dot com and other cryptos. This is going to be the single biggest advertising advent reaching the largest number and demographics of people that crypto has ever had. + +Do I believe that just seeing these adverts is going to double our portfolio's tomorrow? No. + +Do I believe that there is going to be any significant price action tomorrow? Certainly not! + +Do I believe that tomorrow is going to be a focal point for the average public to talk about crypto? Yes. + +And what happens every time the public take an interest in crypto? The media always follow through with more reports, articles, predictions etc and the larger investor, realising that the public are likely to start FOMOing in buy up the lower price quickly. And the more attention crypto gets the harder retail predictably starts FOMOing in which causes a feedback loop pushing prices sky high until large investor money swoops out of the market and crashes the price again. + +So from the charts tomorrow will look like any other day but looking back from the future I bet my sats that it is the beginning of a significant upswing. + +&#x200B; + +Edit: I apparently have to add that I'm not American, I just appreciate the power advertising to retail especially one of the most lucrative retail markets of Americans that have on average the most disposable income and are the most likely to invest (as they have to as they have no social programmes!) +I'm sorry if this is a frequently asked question but I am feeling so overwhelmed with all the different choices and decisions. + +I have a little over $10K in savings (TD bank) and around $27K of student debt. I make $12.5/hr and work full time. I'm paying the student loan at $600 every month with the help of my parents (all of us putting in 200) to try and pay it off within 10 years. I pay $533 for rent and $110 for my phone bill. I plan to open a Charles Schwab IRA and get a credit card within the next few months. + +The problem is that I don't know my options. Where is the best place to open a credit card? Should I put my utility bills on it to build credit? Is Charles Schwab a good place for a total financial newbie? What am I not accounting for? What do you wish you had known at my age? + +*edit: Another important factor; I have no idea how to file my own taxes? eli5 pls + +*edit2: Thank you all so much! I've gotten so much more advice than expected already and have a lot of good leads to go on. + +*edit3: I absolutely will start looking into a new phone plan. Luckily this is my first plan and I've only had it for a couple months, so I'm glad you all have given me perspective on what is a good rate. Also for those asking about my degree and why I'm making so little; To use my degree I would need to get at least a masters. I was an average student in a pretty competitive field because I wasn't passionate. If I don't have a better paying job in a field I enjoy within the next five years I'll go back to school. +I saw this on Yahoo Finance today and I didn't see it posted here. It may be relevant for those who are invested in Vanguard ETFs: [https://finance.yahoo.com/news/vanguard-drops-hammer-etf-fee-143705599.html](https://finance.yahoo.com/news/vanguard-drops-hammer-etf-fee-143705599.html) +$NOFOMO - My Experience! + + +"$NOFOMO - the Kickstarter of Crypto (Real Project), 7k to 1.2 MILLION market cap in ONE day, don't miss out, Tesla giveaway at 10k holders!" +Sure that opener sounds enticing, but it's definitely worth the attention grabber and the investment! + +It feels surreal to think that I hit a hidden gem on CMS, but I really did. I've just about had it with these other scamcoins taking peoples money just to pump and dump and I got tired of putting my money into pointless projects with empty promises. $NOFOMO is already delivering and it's nearly 3 days old! Its a solid project with a genius use case and shouldn't be deemed another "shit coin" or "scamcoin" like most others. Here are some of the accomplishments the devs and the team have done in the past few days of launch: + +Accomplishments: + + ✓ CMC listing in progress + + ✓ Getting quotes from Certik for top grade audit + + ✓ Ama soon!! + + ✓ Roadmap updated!! + + ✓ Whitepaper finished!! + + ✓ Blockfolio listing in progress + + ✓ Website finished!! + + ✓ Coingecko listing in progress + + ✓ BSCscan update in progress + +All of this done in 1-3 days!!! + +I am proud to say that this is a real project - the crowd source platform (like Kickstarter) for crypto. $1 MILLION market cap in less than 24 hours. It’s still early, get in. Crowdsourcing is an untapped opportunity in blockchain, which is one of the reasons I believe you should invest! The team/ project is rising every day thanks to outside funding and plan to be among the top 100 cryptos by the end of the year. As they advance, they will be building relationships to help improve their usefulness, so get in now while you can but still DYOR. + +"Ok, you've got my interest, so what is $NOFOMO actually?" +$NOFOMO is a deflationary token that prides itself on providing holders rewards through redistribution of tokens based on 5% transfer tax. With a finite supply, and manual burn, the scarcity of the token will increase in value. On every transfer, a tax of 5% is charged and will be automatically added to the locked Liquidity Pool. + +The first crowd-funding platform dedicated to new DeFi crypto ventures is CROWDSOURCE by NOFOMO (NOFOMO's first product). Invest $NOFOMO tokens or other crypto currencies in crypto ventures. Launching in Beta Q2 of 2021. + +To buy you have to set slippage to 11%. + + +P.S +NOFOMO is doing a 250 dollar reward at 1000 holders to one lucky person and we will be hosting more events soon! + + + +──────── + +They are also working with trailblazers with potential blockchain technology and tokens via their blockchain CROWDSOURCE programme, and they are requiring ventures to keep a certain amount of NOFOMO tokens and accept NOFOMO tokens as an investment into their items. As more projects and companies adopt NOFOMO, demand, utility, and, eventually, the price of our token will rise. Which is genius, if you ask me. + +──────── + +💰 Max supply : 1 trillion🔥 50% of the supply burned, biggest wallet is burn wallet. + +✅ 10% Tax per transaction * ✅ 5% Redistribution back to holders * ✅ 5% To our Auto-Locked Liquidity Pool + +──────── + +🔐 Tokens Burned: https://bscscan.com/tx/0x09fbd792287cdefbaa149e7ac5527a9e0095c5e1301ed09b1c56b0ace4f19c15 + +📡 Contract: https://bscscan.com/token/0x58ffa6c86d1f09bab5fc10750bdbb038c096251f + +🚀Ownership renounced: https://bscscan.com/tx/0x1ea03fad316aa90446ac926dc7015bb889f7ab8712e27528a491875b610b4580 + +🔐 Locked Liquidity Pool: https://unicrypt.network/amm/pancake/pair/0x9375227a4baf24cb0cfd2d0fc8b5e994f7ec4d98 + +🌍 Website: https://www.nofomo.finance/ + +💬 Telegram: https://t.me/nofomotoken1 + +🐦 Twitter: https://twitter.com/NOFOMOTOKEN + +👽 Reddit: https://www.reddit.com/r/NOFOMOTokenOfficial/ + +👾 GitHub: https://gist.github.com/nofomo-token/cfa3d3facbaa8a42b1b42fdc7b07aec7 +Xxxnifty - N$FW token + +Check out the official TG, to see where all the fuzz is about : https://t.me/xxxnifty_official + +1️⃣ Amouranth her OnlyPunk sold for $125.000 !! Let that sink in + +2️⃣ Launch of Alpha release of Pleasurely, xxxNifty's Adult Social Platform. (OnlyFans Social Like Platform, but way Better) + +3️⃣ They added different new teammembers to the core team +With lots of experience and all doxxed + +4️⃣ They announced a partnership with OnlyPunks , an algoritmic art project, crypto punks, but then adult + +5️⃣ Team announced 2 Top 10 Exchanges on the way!! + +6️⃣NOfacegirl (NFgirl) top 19 on Pornhub , is branding all her new videos on PH with $N$FW and XXXnifty + +7️⃣ Stormy Daniëls joined as a Brand Ambassador , next to Nofacegirl and Amouranth and 6 others + + +✔️ Largest NFT marketplace in their space + +✔️700 Adult NFTs on their Marketplace + +✔️100+ creators on the platform to date (no matter of gender anymore!) Adding more daily + +✔️500+ NFT sales. Over 300 1of1's + +✔️ They launched the NFT marketplace i April 2021 and the token in may 2021 +So the project is really moving forward and the devs are working. Full time on this project + +✔️8 partnerships w/Agencies + +✔️8 Brand Ambassadors, with Amouranth and NOFACEGIRL +They have a huge social media followings , combined over 20 Million following + +✔️Deflationary Tokenomics benefit holders + +✔️Daily NFT sales + +✔️$8 million MC, 2 working platforms utilizing the utility of their native [NSFW] token + +1 : XXXnifty - NFT marketplace +2: Pleasurely- Social platform + +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed +✔️TechRate Audit approved +So this is the time of year when people report the following: + +- they recently filed their federal income taxes electronically + +- they just received a 1099B document from their bank / brokerage and didn't include that in their tax filing + +- they want to know their responsibilities and options + +So, in no particular order, things to know: + +- You can't electronically revise your return, or otherwise request a do-over, except via the amendment process. + +- You can and actually should file an amendment to your tax return if your tax liability increased as a result of this. But you may have to do that on paper, if your tax-filing software doesn't yet support doing that electronically, and you need to wait until the IRS processes your return. You'd also pay the money due at that time. https://www.irs.gov/taxtopics/tc308 + +- If you don't amend your return, the IRS will eventually send you a letter noting that you forgot to declare this income, and so they are billing you for the money you owe them, plus interest and possibly minimal penalties. https://www.irs.gov/faqs/irs-procedures/collection-procedural-questions/collection-procedural-questions-3 + +For the vast majority of people in this situation, there is no need to panic. Suppose that you had $100 in interest, dividends or short-term capital gains that you forgot to include in your tax return as taxable income to you. You would owe your marginal tax rate on that, possibly $22 or so but it varies. The IRS would send you a note later in the year asking for that $22 + not much more in interest and penalties, and you would pay it at that time. You are not going to owe massive fines or go to jail. + +Now, if your 1099B reports tens of thousand of short-term capital gains from daytrading or some such thing, then you could be looking at some significant additional liability, so then the interest and penalties would be more substantial. (In particular, if you were still a dependent, then this can get unexpectedly expensive.) + +Note that there is no need to file an amendment if your liability didn't increase, e.g. if you got a 1099B showing a net loss. You might want to do so to get a refund, but you don't have to. + +Additional note: we also get people asking whether they need to upgrade to a more expensive version of tax prep software in order to file a return with 1099B capital gains. While that's a personal decision about preference in tax software, in general, you don't want to pay for a $70 version of TurboTax to report $20 in capital gains. Use a different program. +Hello everyone. + +I used to read this subreddit religiously until I realized I stopped getting anything positive out of it. Now, I come back frequently to see what "My Journey" type of posts have come up because I really enjoy reading them. My journey is unique in my opinion because I grew up lower class, didn't go to college/university and have had a wide range of salaries and jobs. + +**\*\*TLDR at the bottom.\*\*** + +I came to FIRE through reading r/personalfinance and r/personalfinancecanada. I bought a 25K car when I was 22 and barely making $1,500/mo. I had absolutely no idea how to handle finances. I worked part-time throughout high school and continued working for minimum wage in retail for about 3 years after. I spent every dime I made (mostly on travel). I had zero financial education from my parents growing up. I would often lend money to my mom when she couldn't afford rent or food for us and gave her all the time she needed to pay me pack (and she always would). My dad was mostly MIA and fought with my mom over giving her child support while making 100K+/yr. I knew the importance of money because of this; yet I somehow still squandered mine all away. + +I moved across Canada (Ottawa to Calgary) in 2014 when I was 23 with my SO at the time. I had no savings. He supported me for a month or so before I got a job. This was around the time I started reading r/personalfinance and looking for help on my car loan situation. Going back through all my chicken scratch notes, I can see that I saved $3,000 that year on a salary under 35K. The next year was another $6,000 on a salary of 40K. I took pretty poor notes during these first few years and it took me hours to find and compile these small bits of information. I have laid out my rough financial details for the last 6 years below. + +&#x200B; + +|Year|Income|Savings| +|:-|:-|:-| +|2014|$33,197|$3,000| +|2015|$40,739|$6,000| +|2016|$51,683|$11,945| +|2017|$66,315|$23,691| +|2018|$87,475|$25,598| +|2019|$78,000|$9,800| + +* **2019 numbers above do not include November savings that I have in cash (about 5K)** +* **All above savings are invested in GIC's and TD E-series ETF's** + +At the end of 2016, I was eligible to start contributing to my work's RRSP and I started maxing their match after reading a lot on r/personalfinance and r/financialindependence . + +In 2014, I was a receptionist which lead to a promotion within the company doing purchasing. I left that company in 2015 and became a service coordinator later that year in a new industry. I was promoted within 3 months into inside sales and then into outside sales mid 2017. 2018 was a great year for my income, I made a killing in commissions. I switched companies mid-way through 2019 due to high stress and management changes. My income dipped quite a bit more than I was expecting. + +I had fluctuating expenses throughout the last 6 years due to break-ups, a new SO moving in, getting braces and prioritizing travel and social outings the last 2 years. + +I hate the job I am in currently. It's a big corporate company and there are so many rules and stupid hoops to jump through to get the smallest thing accomplished. The only reason I am still here is due to fear of being out of work and because I get to work remotely 90% of the time (this is about to change though). I have a date in my calendar to hand in my notice here, and I've been putting cash aside to float me through December, January and February if I need to. I currently have a second job that I can pick up hours at over the holiday season as well (warehouse job making $16/hr). + +I have been very back and forth with this whole FIRE thing lately. My last relationship ended in part because of my extreme frugal-ism and obsession with the journey. I am planning to transition back to a lower stress job making 40-50K/yr. Sales is killing my confidence and making my work week hell. I'm glad I was able to be successful and sock away a nice little nest egg but I don't think the uncertainty of the income is worth it anymore. + +The great thing is I'm finally learning how to invest my money. I've started getting it to work for me instead of just "saving". I am following the Canadian Couch Potato TD E-Series model portfolio. + +I actually enjoy work itself and I find the more "grunt" type work a lot better for my mental health (but bad for my body). I think a shift in priorities is due and I need to find a job I enjoy in order for this process to work. I could still retire at 50 by going down to a lower salary and I really think I am okay with that. I don't think FULL retirement is part of my journey anyway. + +**EDIT:** Since a lot of you have been asking for my expenses breakdown, please see below. The table above is all **pre-tax income** (32% marginal rate in 2018, not sure where I'll land this year). I don't have travel listed below but i'd estimate between 3-4K per year. The last two years were expensive with living alone, paying for braces (about 10K all in), buying winter tires (1K) and furnishing my own apartment (2K). **My FIRE number is 500K which includes having a paid off house and a part-time job to cover my base expenses.** I also added a couple notes below the table above with my income/savings stats. + + Monthly + +* Rent - $700 +* Gas/Groceries - $300 +* Entertainment - $300 +* Insurance - $185 (car & home) +* Electricity - $45 +* Phone - $35 +* Internet - $52 +* Netflix - $10 +* Amazon Prime - $9 +* Bank Fee - $4 +* Miscellaneous - $100 + +**\*\*TLDR\*\*** Used to spend all my money, then saved it all and am now in a balanced state. Through varying incomes, various jobs and saving a decent amount, I think I am going to step back from the pursuit of FIRE, take time off and find work I enjoy. FI over RE. +A new tax law is being proposed in the US which will require cryptocurrency investors to pay taxes on the profits from their investments even before they sell their coins. + + +If this ridiculous law is passed, it will: + + +1. Force you to sell your crypto when you're in profit, which would keep further price increase in check. Thus reducing the opportunity to make further gains. + + +2. Make everyone a ninja, doing everything to conceal their crypto wealth. + + +3. Probably discourage people from investing in crypto in the first place. + + + +My hope is that they also make provision to pay us for unrealized losses on our crypto assets. At least this will encourage me to gamble more on shitcoins without fear. + + +Congrats boys, we have graduated from China FUD to tax and regulation FUD. Let's see where this leads. + +EDIT: News source: https://beincrypto.com/treasury-secretary-tax-unrealized-crypto-gains/ +I did the math recently, and found out that if I work my current job for another 10 yrs, I will be able to FIRE at 45 (rent+food). + +This looks like an excellent argument to keep working this job, but: + +-it leaves me exhausted every day, to the extent that collapsing on the couch and falling asleep two hours after i got home is pretty much how my life goes now + +-I want to quit/escape pretty much all the time + +-I need to take work home on the weekends, I feel I never really have "free" time because I have things I should be doing (which I am procrastinating on because I hate my job) + +-location: buttfuck nowhere, so isolated, so no life, no gf. + +Pros of staying at the job: RE at 45 +Cons of staying at the job: hate it, youth wasted, crap location, tired, junk food/coffee to power self through the day -> bad health. + +Location is pretty-much non-negotiable; if I left this particular job and got another in the same industry, it would also be in the middle of nowhere, and I would also hate it. I know this because I did this before - changed jobs 4 times, but so far, same shit different day. + +Job is also such that if I left, I would have to start entry-level somewhere else, and reduce my yearly savings by approx 20-25k. + +So, basically, it's the job from hell, no life, or RE at 45. + +What would you do? +There is always...*always*...a new round of bear-trolls with the "I'm smarter than the market *and* everyone else" mentality when the price declines like this. + +TAKE NOTE: This is *at least* the 3rd time I've seen this cycle play out with ETH. (If that's news to you, then you may be in trouble.) + +The very first time occurred just about 13-14 months ago for those who were *even around* back then (and paying attention) to remember it. + +You know...back when ETH was at ~$1.20 around Sept 2015 and then declined from there down to about $0.50 USD through Nov/Dec 2015? + +Bear-trolls were running rampant on here! It was "game over man!", "ETH is a scam!", "ETH is shit!", yada yada yada. + +Yet here we sit!! LOL + +How many of the bear-trolls posting today were even around on this sub back then? By the looks of it, not many. + +If you're one of those people (a.k.a. a Johnny-Come-lately bear-troll) then you have little-to-no credibility in terms of talking about *anything* sentiment-wise when it comes to ETH. + +To me, the explosion of negative submissions / posts / comments are indeed signalling that the bottom must be close. + +Remember, tops occur with extreme positive sentiment and bottoms occur with extreme negative sentiment and I'm seeing WAY more negative posts than positive. + +Bear-trolls, I'm sure you won't be able to resist chiming in on this thread and continuing to prove my point. Derp! LOL + +And don't forget bear-trolls, just because you're desperate to buy some cheap ETH -- because let's be honest, that's really what all of this is about -- i.e. you've missed the boat and now want to be ON the boat -- understand that greed goes both ways. + +If you've convinced yourself that things are headed for $3 and we bottom at ~$7 and bounce hard from there. Then guess what? + +[You've just become this guy.](https://ioneglobalgrind.files.wordpress.com/2013/10/finn-hudson-chasing-train-rachel-berry-new-york.gif) +Are they reliable/aggressive? Mine is very slow to respond and oftentimes homes go under contract before I can even get out to view them. Is this common or should I find a new guy? + +Specific example: I texted him Thursday evening asking to see a few homes any time this weekend. He texted back Friday morning that he'd "try to set it up," it's now Sunday morning and I've heard nothing since. +Hey guys. I have never invested in real estate. One of my business partners is incredibly experienced in area but he is was a multi millionaire before he got into it so we have slightly different scenarios. I’m in my late 20’s and have a couple hundred thousand in cash just sitting there that I’d like to have start working for me. I’m not interested in wholesaling or any of that. + +I live in a state where the cost of living is pretty low, and a couple hundred thousand would go quite a bit further that California or Florida etc. +Where did some of you guys start? And based on the capital I’m looking to work do you have any advice? + +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 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!* +First time running a PMCC and I want to make sure I'm not running it in a bad environment with SPY. I'm looking at the SPY LEAP with a 1 year expiry and either the $400 strike w/ 0.75 delta or $380 strike w/ 0.8 delta. I'll be selling short dated calls against it 1-2 times a week at around 0.2 delta. I've read that you should buy the LEAP for the PMCC when IV is low but IV on Robinhood for both these LEAPs are around 25%. + +I want to do this because running a covered call is too expensive on SPY since I need 100 shares of the underlying stock so I wanted to have some long exposure to SPY and small weekly income from the short dated options without having the larger capital requirements for the collateral. +So I've been scrolling this forum for about a month or two now, since I started writing puts and a combination of spreads. So far, I've done pretty well, but when I look at how the market has performed over the same time frame, it makes me question how much I can really attribute to skill. I understand that I'm new to this, don't have a great skillset or sample size to accurately assess theta gang strategies, and I'm certainly grateful for turning a profit. But it's just hard for me not to fall into the whole defeatist "don't bother trying to beat the market" mentality. I figured that I would ask the more experienced members of this thread for more information, as I don't know how to assess these strategies in the context of a bull market, and if it's worth the time. +I've been in this since the original sneeze and have seen all kinds of TA writers come and go. It was fun to watch them but as time goes on I realize NONE of them have EVER been right. + +Warden, Elliot Waves, Dorito of Doom, Gherkinit, etc. etc. + +They're all wrong. Every single one of them. + +Just confirms my bias that our beloved stonk is so idiosyncratic because it's manipulated to all hell. + +There is one TA guy that I think is on to something and that's trading sideways guy. + +But even he'll be wrong someday soon when GME goes to Andromeda. + +Buy, Hodl, DRS 💎🙌 +I am generally skeptical of life insurance products but got pitched something that is so super-charged, it piqued my interest and would like to get this sub’s opinions. Here’s how it works. + +You sign paperwork that includes a fairly large life insurance policy (think $50m) and a loan agreement with a bank that lends you enough to make premium over the next twenty years. The cash value can be invested in a limited but attractive group of indexed choices, some with growth multipliers and some with floors. + +The idea is that you super-size the policy using leverage (assuming you have borrowing capacity), your cash value grows tax advantaged at equity-like rates, you borrow tax-free against this cash value later in life, and the death benefit is big enough to cover the loan repayment and inevitable estate taxes. + +Many of my alarm bells are ringing, but would like to hear if any of you have bought or entertained this type of product. + +EDIT: a summary for newcomers. +This is not that uncommon. It has elements of: + +PREMIUM FINANCING: where you borrow to make premium +cash balance payments, with the death benefit as collateral. + +INDEXING: rather than a boring blend of bonds that the typical life insurance product provides, the investments here use equities and derivatives to create a floor, but also to juice returns. + +TAX-FREE WITHDRAWALS: as with any cash balance insurance product, you can borrow against the policy and not pay cap gains. There is a limit to such draws. But the death benefit eventually pays off such withdrawals. + +PROS: you borrow at low simple interest and let the money compound at equity-like rates inside a tax-advantaged account. + +CONS: you borrow to invest in equities. So, you run market risk. Simulations never run volatile scenarios. These plans are also expensive products with huge commissions to the brokers. When you take an expensive product and scale it up with leverage, your costs are exponentially higher. +I've been trading stocks for years and this feels all too familiar. + +1) Speculation that something could go wrong with the market - weak hands sell +2) Large investors are shorting and reaping profits +3) Large investors will cover their shorts BEFORE the anticipated bad news date +Hello Everyone. + +&#x200B; + +I have been buying bits of ETH every couple of weeks or so, starting at the peak (of course). I have got my average cost down to about $500/ ETH. (Gosh, I would feel a lot better about everything if it could get me up to even...) + +I am getting to the end of my planned purchases and I have a question. + +Is the 32 ETH mark that I have heard about, an actual target that I should go for in order to be able to gain a regular percentage when (and/or if) ETH goes to Proof of Stake instead of Proof of Work? + +I feel like I have a fair understanding of ETH and have heard the 32 ETH amount mentioned in this context a couple of times. To get to 32 ETH, I will go above my planned investment, but if there is a significant reason to do so, I might. + +Any helpful reply to this question would be appreciated, or please refer me to another thread if I have missed the explanation of this. + +Thank you in advance for any response. +I kinda expected the price to drop sub 200 with all the panic amd fear. It held around 300 which is pretty damn resilient. + +I did not even think a backlog on the ether network was likely, bit it looks like ethereum needs an upgrade. +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! + +Guten Tag to this global band of Apes! 👋🦍 + +We entered this week riding a wave of hope, riding high on a series of tweets from Ryan Cohen, GameStop insiders increasing their positions, NFT marketplace news, and incredibly strong DRS numbers. At close on Monday, many felt like there was nothing that could stop us. Of course, we area all painfully aware that the SHFs have not yet given up the fight, and are willing to pull any trick if it can stave off the MOASS. + +On Tuesday, they rapidly drove the price up and back down, knowing it would trigger a halt, then continued to actively short and manipulate to trigger stop-losses and spin a narrative that the momentum was gone. Wednesday they continued, pulling additional tricks such as *disabling options for a whole range of tickers, including GME*. I am not disheartened - we are still up 10% so far this week, and their desperate moves are just confirmation that their continued existence depends on keeping the price under control. They wouldn't manipulate so blatantly if they didn't have to. They wouldn't expose these new tactics if they could save them for later. + +Their desperation tells me that this continues to be a life-or-death fight for them. They are desperate to survive another month, week, or day. The last week was strangely absent of such manipulation, but clearly that doesn't mean that they are done. The stakes couldn't be higher on their side, but meanwhile Apes around the world simply have to DRS and HODL. Our Diamantenhände are stronger than ever, forged by fuckery. They can't make us sell, they can't make GameStop a bad investment, and they certainly can't survive the MOASS. The Institutional Shorts have already lost - it is just a matter of time. + +Today is Thursday, March 31st, 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: **$163.55 / 147,00 €** *(volume: 6380)* +- 🟥 115 minutes in: $163.54 / 146,99 € *(volume: 6336)* +- 🟩 110 minutes in: $163.58 / 147,02 € *(volume: 6295)* +- 🟥 105 minutes in: $163.50 / 146,95 € *(volume: 6199)* +- 🟥 100 minutes in: $163.77 / 147,20 € *(volume: 6186)* +- ⬜ 95 minutes in: $164.05 / 147,45 € *(volume: 6167)* +- ⬜ 90 minutes in: $164.05 / 147,45 € *(volume: 6103)* +- 🟩 85 minutes in: $164.05 / 147,45 € *(volume: 6062)* +- 🟩 80 minutes in: $163.89 / 147,30 € *(volume: 5508)* +- 🟩 75 minutes in: $163.69 / 147,12 € *(volume: 5260)* +- 🟩 70 minutes in: $162.62 / 146,16 € *(volume: 5100)* +- ⬜ 65 minutes in: $161.91 / 145,53 € *(volume: 4827)* +- ⬜ 60 minutes in: $161.91 / 145,53 € *(volume: 4730)* +- 🟥 55 minutes in: $161.91 / 145,53 € *(volume: 4714)* +- 🟩 50 minutes in: $161.93 / 145,54 € *(volume: 4658)* +- 🟩 45 minutes in: $161.91 / 145,53 € *(volume: 4650)* +- ⬜ 40 minutes in: $161.02 / 144,72 € *(volume: 3211)* +- 🟥 35 minutes in: $161.02 / 144,72 € *(volume: 3008)* +- 🟩 30 minutes in: $162.93 / 146,44 € *(volume: 2522)* +- 🟩 25 minutes in: $162.50 / 146,05 € *(volume: 2167)* +- 🟩 20 minutes in: $161.63 / 145,27 € *(volume: 1916)* +- 🟥 15 minutes in: $161.56 / 145,21 € *(volume: 1672)* +- 🟥 10 minutes in: $163.33 / 146,80 € *(volume: 982)* +- 🟩 5 minutes in: $163.73 / 147,16 € *(volume: 628)* +- 🟥 0 minutes in: $163.58 / 147,03 € *(volume: 316)* +- 🟥 US close price: $166.85 / 149,96 € *($162.86 / 146,38 € 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 1.1126. 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! +[**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/) + +How would you take care of an aging parent or parents who are starting to become less self-reliant and develop health problems? I think this is relevant to /r/fatFIRE because presumably people here have the means to take care of an aging parent in whatever capacity they feel is best (and not necessarily limited by money). For bonus points, how do you balance that with your own goals if you could afford it, but it would delay your fatFIRE timeline? + +Some more about my situation: +* Mid-70s father-in-law (FIL) has been widowed for 10 years and lonely living in a different city from his children. Last year he moved to our city to be near my wife and our new daughter, and it has been really beneficial in terms of his relationship with our daughter (doubly important during COVID), as well as in seeing family and getting quality meals several times per week, etc. We are early 30s and will have one more child. +* He’s starting to lose it a bit: forgetting watching a movie with you last week, needing help with assembling a desk, staying up super late, eating one meal per day, starting to develop health issues, etc. But, he is still able to live independently and doesn’t need long term care. +* We’ve kicked around the idea of our next house being bigger such that he can live with us, which would remove most of the home ownership burden from him (which would be transferred to me anyway if he was living in his own house near us). And more importantly, he could have great relationships with our children while also having family to keep an eye on him and take care of him. All three of us are amenable to the idea, but aren’t 100% sure how to proceed. +* Generally we get along, but we realized we would probably need a house with at least a separate in-low floor, if not one with a separate entrance or one as a cottage. That’s so that we have enough space so that we don’t feel the occasional bit of conflict in our lifestyles (such as him staying up late watching TV loudly or if we are too tired to hang out). +* This housing “requirement” unfortunately seems to mostly push us into new/recent-build territory, which in our desired neighborhood of Seattle can exceed $2M. We don’t want to be house poor buying that on ~$400k income and ~$1.45M net worth, although how does that change if FIL pays ~1/4 of the downpayment and monthly payment? (he has $2-3M in assets FWIW) +* Basically it feels like a catch-22 of not wanting to spend more than we can comfortably afford to make the situation the most comfortable and most likely to work out, since there’s a (small?) risk of it not working out and then being stuck with a too expensive house. +* Our current house is too small to do a trial run. + +Of course, we could probably give it a try and see how it goes, but nobody wants to unnecessarily slow down fatFIRE if it crashes and burns and we need to eat a bunch of transaction costs (or worse, suffer through it). What do you think? +I'm sure there are others on here who use Amazon Prime because they live in the middle of nowhere and the nearest stores are a hardware store, drugstore and a market not much bigger than a convenience store. + +If you have an EBT card (SNAP and other uses) or a Medicaid card, you qualify for this reduced rate Amazon Prime. + +ETA link: https://www.amazon.com/b?ie=UTF8&node=16256994011 + +Long time Lurker, first time poster here. For those of you that don't know (or haven't been around as long) Cooperman was the [billionaire who was crying during the initial January sneeze](https://www.youtube.com/watch?v=FS1nKTF8juA). He'll be speaking at my college's investment club tonight at 7pm. Obviously a lot of things have changed since that initial sneeze with DRS and all. What do you apes want me to ask him? I'm thinking about asking him why so many independent retail investors have decided to directly register their securities instead of keeping them at a broker, but if anyone has a better question I'll be happy to oblige. + +EDIT: Putting this here just to clarify and give an update. He’ll be attending virtually and we might not have time for questions. If we do, then I’ll make sure to ask. If we don’t I’ll delete this post just to make the sub less cluttered. As for recording the panel, I’m not sure if I can record the entire thing, but I’ll attempt to record these questions and his answers. I’d especially love it if he danced around the subject since that gives off the only confirmation that I need. + +EDIT2: Writing this from the bathroom outside of the lecture hall. So I can’t record personally but the event organizer is planning on recording the entire presentation and hopefully positing it. If I manage to get my question out there I’ll be sure to skim the recording and make another post with just those questions and answers. + +FINAL EDIT: Just got back from the event, I was able to get my question in. I asked about how recently retail investors have begun direct registering their securities and how having ownership of shares affects the registered companies and the market overall. He stated that he didn’t know about Direct Registration (which for someone who has had a 50 year long career in finance, I don’t believe) but he talked about retail involvement as a whole. Can’t remember much from his statement and the mic wasn’t that great but I’ll see if I can get a recording of the conference call so you all can pick apart his answers. One thing that piqued my interest is that he is still confident on shorting, (Could very well be that he believes the market is gonna tank) but I thought it was funny that he believed it was a viable investment strategy after the billionaire meltdown back in January. Overall, I’m going to Wendy’s to get a side of fries for that nothingburger, maybe if I’m lucky I’ll meet one of the regards from BallSheetSweats who yolod his savings on HKD calls behind the dumpster. + +That’s all I can contribute + +💎 🙌🦍🚀 +When Eth was sub 200 I was buying in with whatever money I could throw at it, but now that it's nearing it's previous high I'm wondering what the consensus is on its current value. Personally, I still think it is undervalued given that it's market cap is still less than half of bitcoin, but it's not as much of a windfall investment as it was last month during the major correction. Thoughts? +I understand the market is currently having a flash crash, but as Bitcoin falls. shouldnt ETH and LTC be "a safe haven" for people who no longer believe in the outdated tech of Bitcoin? Can anyone ELI5 why ETH and LTC seems to be pegged to Bitcoin when you can buy ETH and LTC with fiat? Hence it makes no sense that prices of ETH and LTC should drop along side with Bitcoin. +This question has come to my mind. Not necessary a FX vs stock question. But, if your strategy mainly evolved around trend trading, why not just trade SPY sinces it trends most of the time. It seems that you will be profitable if you by the dips (ex: at ema touches) historically speaking. FX trends seem so short lived and you have to wait multiple days if not weeks. Let me know what is your thought? +Hi guys, + +So I've seen some ETFs with ridiculously low volume especially for Canadian based ones. My question is, will this affect the ease in moving in and out of that particular ETF? + +I've heard that the volume of an ETF does not matter at all, it is the underlying security of the ETF holdings that matters, is this really true though? + +Let's say you want to buy ZDI, international dividend aristocrat stock and the volume is only like 50k Canadian Dollars total for the day, if it's true that all that matters is the liquidity of the underlying, well what if those markets are closed when you're buying from Canada due to time difference? + +Your money isn't going to the underlying securities immediately, so it's being held somewhere in exchange for those ETFs, so who's providing that liquidity? The ETF company no? So, in certain cases it *does* matter how much volume is being traded no? + +Thanks, + +SimpleRick +$FL was a stock talked about a decent amount in this sub, and the greatest fears about the company have came true. Nike is not fully cutting ties with Footlocker, but is slowing its sales with them. Nike last year I believe was about 75% of Footlockers purchases, however, this year it will only be about 55-60%. + +This has created a weird opportunity though, and I want to get some others thoughts. The book value per share prior to earnings was $32 a share, so now it’s trading below book value. $FL stated they plan to get other contracts and build stores outside malls however, so this could affect book value as well I’m assuming. + +Is this a buying opportunity for $FL though? The market is pricing in for this company to die out, but I think there’s still a few years before this is even a possibility. +If the authorities do act, it's foreseeable that one of the measures would be to increase margins for short positions. + +In a overall, theoretical analysis, won't that hurt value investing? + +Shorting is a way to drive the price down. By making it more difficult, won't shares lie (however slightly) above where they would be without restrictions to shorting? +Bill Ackmans fund, Pershing Square, is trading at only 3.5x earnings and 25% discount to NAV. + +Bill Ackman Has Had Another Blockbuster Year. His Fund Is Still Cheap. https://www.barrons.com/articles/bill-ackmans-fund-is-still-a-cheap-way-to-play-a-ride-up-51609178220?st=z0qaxgorxak8mpj +[https://youtu.be/U73eR93w0MQ](https://youtu.be/U73eR93w0MQ) + +Free Valuation Template and IRR Calculator to download for Alibaba (BABA) - I recently did an update on Alibaba and the recent sell off. I personally think it's a great buy at this level, but wanted to show give out a template that you can amend to reflect your estimates. +This bear market has been interesting. There are a lot of ideas from many people talking about a bargain bet. Most of the valuations are undervalued and magically the previous peak seems to be the target. + +I think the market downturn has a bit more to go and if bargains are available now, will be interesting to see what happens when interest rates rise further. We cannot ignore the impact of interest rates in our valuation. +Hey all. So I've been trading for about 4 years, trading full time now for 2. I do trade options sometimes but most of the time on I trade futures e mini and micros. This year I'm on pace to make about 80k which is about 85% of what my salary was when I quit my job to trade. + +I run a YouTube channel where I create content and trade live some days a week. I have found that this accelerates my growth as a trader because to be able to teach something you have to understand it very well from alot of different angles. + +When I'm making content that I don't see anyone else making I have to really think creatively about how to approach it so that my subs can have those aha.moments that i have had. + +The turn in my trading came maybe 8-10 months ago I had been struggling mightly with strategy hopping I had a great ending to 2021 I was on 🔥 for months and really pushing my size thought I had made it finally. + +Sadly it didn't last, my brother was murdered in his place of business in early November. Leaving behind a wife and 4 children. + + It didn't immediately effect my trading because I didn't want to deal with it right away, but by mid December I had fallen apart emotionally i was angry, unfocused,and punishing myself in the markets everyday and that lasted for about 4 months until I actually was forced to take a break because I had about enough money left for about 6 months of bills if I quit now and put it all in the bank. + +So I split it in half and I paid my bills for the next 3 months and I gave myself 2 months with half of my money to make a comeback or I'd be making a comeback back at work. + +Well long story short I made the comeback👊🏽BOOM! I focused and pulled myself back from the brink. In the next 3 months I had made another 4-5 months of living expenses on top of doubling what I had. + +What helped me was just one thing. No matter what strategy I decided to use that day I didn't lose more than a certain dollar amount on each trade. No matter what. + +Id trade using everything .vwap, Bollinger bands, moving averages VSA,nake price action trendlines(my fav) and no matter what used the risk management was top of mine because I couldn't lose this money. + +So that led me to the conclusion that it's not your strategy, that's keeping you from being profitable it is your risk management.. you can be profitable with any freaking strategy on the planet and there are many. + +So I've started a series on my channel it's called everything works but nothing works. + +It's about three episodes in and it's basically where all I do is control my risk management and I think of these cockamami strategies to test it out on to show people that you can be a winning trader if all you do is control your risk + +So I'm asking everyone to give me a strategy in five sentences or less I hope to build this series out to around 50 different strategies to make my point. + + I don't talk about lambos I don't live in a mansion but I am a trader that gave up a job and a commute and boss and office politics ane someone else controlling my time I put in hours of work to learn this, and now I teach it to the best of my ability, and I've also pulled myself back from the brink. + +Alright most traders are hateful bitches LOL so bring on the hate. Lol just kidding. Bring on the strategies. + +Edit: when I wanted to quit I have my boss notice, (1 month) he said I treat you well I pay you well you probably won't succeed at that. + +I said thanks but you treat me well because I make you a lot of money, you pay me thousands I make you millions soooo..I'd treat that person well too. + +But he said it with disdain like I was some kind of.animal he kept In a stable. Like what's wrong with this horse I'm taking care of ahahah. + +So he talked me into giving him 4 months notice I planned my bills around having and extra 3 months of paychecks and a month later he called me in and said well you can go ahead and leave now.i don't need you anymore and I was like okay but we've planned for 4 months and I've planned for that income, he said NOT MY PROBLEM. Haha so he wanted me to leave when. It would screw me the most and not effect him at all. Real piece of work that guy. +In the therapeutic endeavor it’s useful to remind patients during their growth journeys that progress is often disguised as a setback. That’s because as we move into the new and unknown we challenge ourselves in ways we weren’t before, and therefore inevitably experience failures we weren’t experiencing before. So those ‘failures’ aren’t really failures, they’re just useful data points in the learning curve that prove we’re gaining self-awareness. + +In this GameStop journey a similar phenomenon is going on where the suppression of the stock over the last six months might seem like a setback but in actuality is progress in that our enemies no longer have the power or the option to both suppress GME and allow GME to run. + +They’re stuck with suppression. That’s progress. The irony is that it’s a proof of the diminution of their powers. On the surface they seem more powerful now than at the early stages since what we see is constant suppression. But the truth is that the stock isn’t running anymore because they can’t allow it to. Their power has decreased, not increased. + +The final stage in the GME growth journey will be when, in addition to having lost their power to allow the stock to run up, they lose their power to be able to suppress it. + +We can call that day GME’s self-actualization. +I'm a long-time lurker in a the FI space, and a newcomer to the idea of an Earthship! + +[https://en.wikipedia.org/wiki/Earthship](https://en.wikipedia.org/wiki/Earthship) + +The idea is that clever building design, preferably using recycled materials, can keep utility bills near zero and lower food bills as well. All it takes is land, southern exposure, time, and lax building codes (or a disregard for stricter ones). + +It's a form of homesteading, but in a way that to me seems to encourage working smarter rather than harder. + +Here's a video interview of a Canadian couple who claim to have eliminated all bills, and are now looking at financial independence and early retirement. They credit their custom green home. + +[https://www.youtube.com/watch?v=oTU2KlwOnQw](https://www.youtube.com/watch?v=oTU2KlwOnQw) + +I own a condo that comes with a lot of bills and expenses, and I can see the appeal. I'm trying to now look at how to include an Earthship in my future plans. Has anyone here done this or considered it? +Just started on my 2022 personal expenses and wanted to share. + +29 y/o single, renting 1 bedroom, 100k pa income + +Planned a trip for next week to Melbourne, so total for holidays will go higher. + +Excludes 39k money sent to parents for home renovation (to South asia, its very common for sons to pay for parents expenses). So not much saving this year. + +Total personal expenses went up by 7k from last yr but income also went up by 30k(before tax)🤘. Extra expenses include trip to nz( i put $820 airfare to transport and not holiday ), new phone (1.2 k), private insurance. + +Fortunately, rent didn't go up. +So I have been developing a trading algorithm over the last few weeks that targets the forex markets on the 30min chart. Without factoring in fees and commissions, the strategy takes about 3000 trades over the course of a year. The problem I am having is that as soon as I factor in any sort of commissions/fees, the strategy completely flops and goes from +39% profit to -1%. This is with a commission of $5 per 100,000 contracts on both sides. I am able to decrease the number of trades it takes to reduce commission costs, which does increase profits up to +11%, but it takes significantly less profitable trades. + +&#x200B; + +My question is how do others that employ the use of high-frequency (1000+ trades a year in this case) stay profitable when dealing with trading fees? Do they even pay them? + +I have been researching this for a while and can only find info relevant to strategies that take up to millions of trades a day. + +As I write this I am still speculating. Another question I have is would it be more beneficial to go with a commission-free option that increases the spread? My reasoning for this is that my strategy enters a limit order when an entry signal is produced, so even if I am paying the spread, wouldn't it already be factored into my profits? + +I am still a noob at this so please be nice. :) + +&#x200B; + +$33,000 starting balance. + +Backtest w/o commissions: + +https://preview.redd.it/0nlh938yca091.png?width=1539&format=png&auto=webp&s=1497face0e49ef689395a56dae8b5fd50fb27cf8 + +Backtest w $5 fee per 100,000 contracts: + +https://preview.redd.it/1kxd0w11da091.png?width=1523&format=png&auto=webp&s=f50383f5e30039dfe8c2a91f828402f2db55837e +I'm a guy in his early 30s. I am single but I'd like to have a relationship and maybe a small family some day. I have a relatively high paying job in technology earning a bit over $100k and I'm very good about saving enough, although I've never had a 401k match. On the whole I am in a really good place, and I'm probably a few decades ahead of my peers in terms of savings, on top of having a good income. Things are going well. + +However, recently I've started to feel silly renting, so I started to look into the cost of buying. I've come to realize that I simply cannot afford to own the kind of place I want to live within an acceptable commuting distance of the places where I can find work. + +It's important to me to be relatively close to work and to the city. I hate long commutes and driving. If I buy something I want it to be a place I actually like that I plan to live in indefinitely. I would want that to be a modest sized single family home (possibly a duplex), with room for a garden and a garage where I can set up a home gym. This very modest dream would cost me over 5 times my annual salary and more than twice what I pay in rent for a decent apartment. I've run this experiment in several other areas that I might live, just to check that it isn't just my city. It seems to be the case everywhere that I could find a job. + +Even if I lower my expectations a bit, and look at some 2 bedroom condos in the same areas, they are on average 3-4 times my annual salary for the same space I have now renting. My rule of thumb has always been stay under 2x your salary. When you include HOA fees and taxes (together account for around ~$700-900), it is definitely *more* affordable to rent in every metro area where I want to live. + +So am I crazy for telling my friends and family I "can't afford a home"? I really have been trying to find a place where I could have the quality of life I want at a price that is affordable and I simply cannot find anything. Should I just save up money and hope that the market fixes itself in the future or abandon this idea entirely? +https://www.moneysavingexpert.com/news/protect/2018/07/lifetime-isa-should-be-scrapped-says-influential-group-of-mps + + +If they scarp it, what will happen to my money? and my bonus? +I'm hoping to buy next year... +Not sure if it will be too niche of a product but definitely interesting. + +&#x200B; + + [https://www.cnbc.com/2019/04/22/beyond-meat-looks-to-raise-183point8-million-in-its-ipo.html](https://www.cnbc.com/2019/04/22/beyond-meat-looks-to-raise-183point8-million-in-its-ipo.html) +ADA holders can be really weird. I want to reiterate that not all of them are like this, but the Venn diagram of ADA fans and neck beards, who start discussions about the age of consent in japan, looks like the Mastercard logo. Those guys are also extremely idealistic and are often more interested in a perfect theoretical platonic ideal of a blockchain than the real thing. +They do not care about the price, they do not care about the speed of Cardano. As long as Charles Hoskinson makes videos, they will buy ADA every week and stake all of it forever. And lets face it, Charles will never stop making videos. +Don't get me wrong, Cardano can become a formidable blockchain for sure, but I also think that ADA will stay in the top 10 even if it literally stops working for years, as long as Charles makes videos about how everything is proceeding according to plan. That's the reason why I have some Cardano in my Portfolio and maybe you should too. +Hi, I am predominantly invested in recovery/growth stocks to try and double my base total £. I want to ultimately transition into a compounded dividend portfolio but I wonder if there's any advice around what sum of money to invest it best to do this? I'm mindful that low amounts of income won't generate capital from dividends as quickly as a growth stock would do. I currently have £50k but my thinking is to get to £100k first then use this sum to get around 4-5 dividend stocks? +I’ve been playing around with backtesting a possible portfolio, but I feel like I’m missing something or doing something wrong. + +A bit of background: I started investing last year beyond my employer 401k by opening a Roth last April (great timing!). Because I knew very little I put about 80% in an S&P 500 index fund and chose a couple individual stocks like AAPL DIS TGT. + +Now I'm at a point where I've learned a lot, really enjoy doing DD, following the market, and watching individual stocks. I built a portfolio made up of mostly stable, old, boring dividend aristocrats with a larger allocation to the S&P 500 index fund to help capture growth. I've been backtesting it on Portfolio Visualizer before selling off a large chunk of my S&P 500 holding and jumping in. + +I’m 35 and looking at least 20-25 years until retirement, so that's the time horizon I'm interested in. Everything I’ve heard and read has shown it’s really hard to beat the total market benchmark, especially with a tilt towards value. Testing this portfolio across different timeframes (5 years, 10 years, 20 years) and various time periods from 90s to 2000s to recent, this value dividend-growth focused portfolio with DRIP beats VTSMX every time. + +Over the past 25 years this portfolio outperforms VTSMX by 60%. Starting with a balance of $6000, monthly contribution of $500, and reinvesting dividends: + +* Portfolio ending balance: $1,469,165 +* VTSMX ending balance: $913,777 + +I know past performance doesn’t predict future returns, but am I missing something here? Is this just the power of compounding at work? + +[Here's a link to backtesting the last 25 years on Portfolio Visualizer](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1996&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=6000&annualOperation=1&annualAdjustment=500&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=VTSMX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Growth+Portfolio&symbol1=AAPL&allocation1_1=4&symbol2=AFL&allocation2_1=4&symbol3=DIS&allocation3_1=3&symbol4=JNJ&allocation4_1=5&symbol5=ABT&allocation5_1=4&symbol6=JPM&allocation6_1=4&symbol7=KO&allocation7_1=3&symbol8=LMT&allocation8_1=3&symbol9=MCD&allocation9_1=2&symbol10=MMM&allocation10_1=2&symbol11=MSFT&allocation11_1=4&symbol12=NEE&allocation12_1=5&symbol13=O&allocation13_1=4&symbol14=PEP&allocation14_1=3&symbol15=PG&allocation15_1=3&symbol16=FRT&allocation16_1=4&symbol17=TGT&allocation17_1=4&symbol18=VFINX&allocation18_1=35&symbol19=VZ&allocation19_1=4) + +&#x200B; + +|Ticker|Allocation| +|:-|:-| +|AAPL|4%| +|ABT|4%| +|AFL|4%| +|DIS|3%| +|FRT|4%| +|JNJ|5%| +|JPM|4%| +|KO|3%| +|LMT|3%| +|MCD|2%| +|MMM|2%| +|MSFT|4%| +|NEE|5%| +|O|4%| +|PEP|3%| +|PG|3%| +|TGT|4%| +|VZ|4%| +|VFINX|35%| +My brother in law put our names in the "lottery" for a land release somewhere in Southwest Sydney (an area we are familiar with). Out of all the names he'd put in, I got the pick and had to act very quickly to secure the land. I got congratulated and paid the $2000 holding deposit. I had been thinking about investing some money out of my equity and this opportunity seemed timely (thinking to just hold the property with the 10% paid; up until the land registration which is usually a year or so away. ) + +After a while though, as I was preparing the finances, my brother in law says that he wants to go halves with me on the property. I don't like the idea of this because this mixes business with family. On one hand, I think it's fair of him to ask for this. On the other hand, I'm disappointed he wasn't clear on what he wanted to do. Assuming that holding the property is a financially sound decision, what's the etiquette here? Part of me wants to just hand over the deed to him and walk away. But I almost don't feel like walking out of the deal that feels like fell on my lap... +Hi guys, inflation is a fact (for me) due to a supply shock all over the world caused by many reasons (ocean freights, rising costs, lack of products) + +So 2022 as i see will be driven by inflation, rising rates from central banks (moderately) + +What are your favourite stocks to play in this scenario (if you share it), or what is your opinion for 2022 ? + +The intention is to think 🤔💭 “how to position now for the 2022 trends?” + +Thanks guys +Hello everyone, + +I am halfway through my applied math masters and I just found this subreddit. I have always traded looking for value and reading 10Ks. But I think it's time to apply some theory to a paper account/my real account. My questions is how successful or unsuccessful are you? +Do you have an overall percentage your portfolio has increase or decreased since incorporating algotrading. Do you have any specific success or failures we could all learn from? + +Thank you everyone for taking the time to answer this +For those that make enough / have made enough to cover living expenses, what do you do all day? + +Do you still work at your job? Did you quit? + +If you don't work, do you plan on working again? + +Do you indulge in pleasures often? Or do you continue to save and invest? + +What do you do all day? Do you go on crazy adventures like you fantasized about back when you didn't have as much money? Or do you still sit on youtube and reddit all day just like you used to? + +If someone has reached this point in their early 20's what advice would you give them if they still sit on youtube and reddit all day? +Ok, so im 18, my parents have set up a bank account for me a while back but i have no access to it, don’t even know what bank. i want to set up a bank account that i can use to deposit money that i make on the side (not a lot just enough to pay for stuff like spotify and my vpn), but i don’t want them sending anything to my house. i know paperless exists but they’d still have to send a debit card from my understanding. + +edit: obviously this is the wrong place to ask this since i’m being downvoted + +edit 2: ig the downvotes were just initial +Good morning everyone, + +I already have Telus, CP, CNR and Aqn in my portfolio. I feel at this time all my dividend stocks are overvalued and i stopped buying more shares. Just dripping for now. If anyone know any dividend growth stock thats selling at a decent pe and have positive fcf please suggest some. Thanks +I have been at my first ever job at the same hospitality company for the last 8 years, I was given the job through a job agency that I was put into due to my ongoing social anxiety and depression. It is due my personal issues I never got a degree or qualifications in anything that could lead to a different career. + + +Fast forward to now and after a lot of life progress, but still definitely not 100%, I have come to the realisation that this industry will never progress me further financially in life as well as the god awful hours, the maximum I could ever earn there, and have, is $45,000 pa. I have my budgeting down pat and is something I am very proud of, it is now how much I bring in that is the issue. I run a "side hustle" that does fairly well but does not compensate the low salary of what I get at my job. + + +I have been referred back to a job agency again that specialises with people with my issue, which brings me to my question to which could be compared to the question "how long is a piece of string?" + + +What is the average Joe's 9 - 5 salary? What is a typical salary that doesn't really require a degree in something but is also a step above hospitality and retail? Does anyone have any insight? it is a new world I have never looked into. + + +I appreciate anyone who spends the time to answer this. Thank you. +Hello, so for background i make about 160k/year, and own a house that is in shambles in full with no mortgage on it (inherited). + +I need to borrow about 150k to repair everything (the house is not remotely livable, has mold, no bathroom, busted kitchen etc) - ubank said they will loan me up to 100k with no issues, but for anything more i need to provide builders quotes that add up to 150k. + +Am I crazy thinking this is a ridiculous requirement? do they really expect me to contact numerous builders, some who wont even be ready to build in 3-5 months due to dependencies and compile them into a list? With my fairly high income, and using 100% of the houses value as equity it feels like this is a ridiculous ask. + +Big 4 banks didn't ask for this but their rates are about .25% higher, not sure what to do +People who are on the fence do not have the same convictions and beliefs that we all have and will paperhand at 2x profits. They will do nothing but hinder the MOASS in the long run. + +I understand that you want your cousin’s uncle’s best friend to be wealthy beyond their wildest dreams, but they haven’t been through what we’ve been through. Our apehood goes beyond anything they could ever comprehend, so they can’t have the same convictions we have. + +I love every single one of you retards and I’m glad to be on this journey with you. But please for the love of Harambe, stop trying to recruit people to the cause, it won’t end well when you held for 10,000,000 and they got out at 400. + +Thank you for coming to my ApeTalk. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +EDIT: + +Adding a comment as a lot of people seem to think this is FUD. Just because you don’t agree with a post that is flaired as OPINION does not mean it’s FUD or I’m a shill. + +I’m a XX holder since January, when I bought my first shares for 348, and then I bought more at 256, and then 90, and then 165, and finally just recently bought at 138. I’m in this for the long haul. I wrote this post a little hastily since I’m at work, and maybe didn’t word everything correctly in a way that’s clear and concise. + +Recruiting your family and friends is extremely dangerous. Once you do so, you, and you alone, shoulder the responsibility of their investment. It doesn’t matter that they have free will and invest at their own risk. They will forever associate YOU as the risk. They are taking a chance on YOU, not GME. If you convince your mom to invest and she throws 50k at it, and 2 weeks later ole Kenny G decides to flash crash it, and your mom panic sells for a 40% loss, how are you going to feel? How do you think she feels about anything you ever tell her about ever again? + +BE FUCKING CAREFUL. That is the message I’m trying to get across to you all. Please bring in more buyers and holders, just be careful and be excellent to each other. ❤️ +A very short DD. + +So congratulations to Gary Gensler, voted in today with in a very close vote 53 v 45 with 2 abstaining. + +https://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=117&session=1&vote=00147 + +Edit: Quote from Better Markets’ Dennis Kelleher: + +“Gary is a proven fearless fighter for financial reform. He is exactly the type of person needed". + +The list of no votes interested me. I picked one name at random to see if I could link them to Wall Street. + +First name, BOOM, headshot. + +Marco Rupio, Senate for Florida. + + +His Vote: Rubio (R-FL), Nay  + +Link to Ken Griffin: https://www.google.com/amp/s/www.cnbc.com/amp/2015/12/09/hedge-fund-manager-ken-griffin-backing-marco-rubio-for-president.html + +Be under no illusion that what is happening here goes to the very top of the US Government. + +P.S. I just like the stock + + + + +Edit: I just want to clarify, I'm not interested in making this one party v another politics. I'm from Bulgaria (well, the UK actually). I do believe however that it doesn't matter which party is in power (indeed here or in the USA), they are all puppets for the rich and powerful. And I'll always do my best to show corruption as per my previous DDs. +The stock price is still down 6% ytd, I am wondering if anyone else is still adding more. What do you guys think? Is there any major concerns that people are worried about so the stock price keep trading under $130? I still think that the stock price will hit $150 before the end of the year. + +Thanks for the awards. +**TL;DR:** + +* **Walmart stores are "anchor stores" at the center of what's called "Walmart Shadow Anchored Portfolios". These commercial real estate portfolios cover strip malls next door to Walmarts. Retail stores that show up often in these portfolios include GME stores.** +* **In the past and especially in 2016, the year before Carl Icahn and hedge funds started shorting malls, Walmart closed hundreds of Walmarts all over the country. Walmarts can also individually up and leave, leaving the towns in the lurch and the stores in "Walmart Shadow Anchored Portfolios" basically going tits up to fend for themselves with the allure of nearby foot traffic.** +* **For a sample of 130 GME stores that I was able to pull from a publically available source, all 33 GME stores inside their adjoining 33 CMBS loans are connected to the Schostak brothers, who began heavily buying up these portfolios around 2006.** +* **In addition to the Schostaks, Wells Fargo originated all 33 of these loans and all 33 GME store loans were also set up/financed with Ladder Capital. Ladder Capital was the primary target of TheIntercept's "The Bigger Short" piece on mortgage fraud. Given this history, there is then, potential possibility that Ladder Capital had also fucked with the GME leases or CMBS loans on those GME stores around the time that the company was being mismanaged and it was being shorted.** + +EDIT: Despite having followers off, got downvoted into oblivion to 0 upon posting. Great and go fuck yourself bots. + +[Go fuck yourself Walmart](https://preview.redd.it/88i1qpewk1l81.png?width=433&format=png&auto=webp&s=dcc83f7cbee0ea76296e44277e2d4e29196d878f) + +**SECTIONS** + +**0. Preface** + +1. **Anywhere But Here** +2. **Lights Out** +3. **Dark Stores** +4. **MC Cash Flow** +5. **Re-enter the Schostaks** +6. **33 out of 36** +7. **Ladder Capital Fuckers, I mean Ladder Capital Finance** +8. **NOI** +9. **WFCM** +10. **The Walmart Prelude to 2017** + +For the culture: [https://www.youtube.com/watch?v=IYH7\_GzP4Tg](https://www.youtube.com/watch?v=IYH7_GzP4Tg) + +# 0. Preface + +Last time in “The Big Mall Short” in Pt. 6 of this series, we examined a major retail player in Amazon, **and how the hunt for its second headquarters was the greatest trick that Jeff Bezos ever pulled. Amazon was able to use that wild goose chase to collect a metric shit ton of data across the entire US. This was given freely by cities and towns that sometimes didn’t even qualify to host an HQ2 according to Amazon’s rules (but they used the data anyways because they are assholes. Amazon could not weaponize this data against these very same towns and cities, accelerating its push for even more extreme tax breaks as well as getting a laundry list of advantageous commercial real estate spots as part of its growing logistics behemoth.** + +This time, we look at another retail giant: America’s biggest employer of Walmart. In Pt. 2 of “The Big Mall Short”, I first talked about how Walmart factors into the American landscape of commercial real estate: + +&#x200B; + +>**One of the things to understand about why it matters that bigger stores like Sears go under can affect a whole mall, or nearby stores like GameStop, and then also hurt CMBS loans is the structure of many malls. Bigger malls…have “anchor stores”: giant stores that increase foot traffic with littler stores and kiosks in between the big ones**. It’s no different then what you might see in how amusement parks are structured, with little shops and food stands set between big rides. +> +>**…Some CMBS loans can be part of what’s called a “Walmart Shadow Anchored Portfolio”. Which is exactly what it sounds like**…Instead of a giant connected mall structure, you might have a giant Walmart looming in the background while other small retail shops are in nearby concrete strips or even across streets and highways. Here’s an example of what a potential “Walmart Shadow Anchored Portfolio” might look like using this town in Minot, North Dakota. You might notice the Dollar Tree or Buffalo Wild Wings nearby as an example of nearby stores in its “shadow”: + +&#x200B; + +&#x200B; + +https://preview.redd.it/v18d1shyk1l81.png?width=913&format=png&auto=webp&s=f7708e64fb42c1e82ede00c23194e1993c91eac4 + +GameStop stores, just like the Dollar Tree or Buffalo Wild Wings in the screenshot above, factor into a good number of Walmart Shadow Anchored Portfolios. In these cases, a GME store might be saddled on a small strip of concrete right off the main parking lot of a giant Walmart Superstore.But before we dive into that, let’s take a pitstop. Yes, Walmart is known for a shit ton of fuckery. And just like Amazon, I could write 6974142069 posts about how much they absolutely fuck over their workers and the greater American economy at large. Not to mention how it often intersects with many issues in small town America, like unemployment and the opioid crisis (on that note, FUCK the Sackler family). + +But for our focus on commercial real estate, we’re gonna open first with one item and how it relates specifically to our GME story: when Walmart fucks the right off, and ghosts everyone in town. + +# 1. Anywhere But Here + +The first part of this is something that I myself have seen firsthand. + +More or less, I’ve lived on and off in small towns throughout the US where you’d see a thriving downtown for a small community (or, at least, one that was getting by) quietly transform over the years bit by bit into shuttered storefronts for clothing shops, grocery stores, and community centers. Streetlights that circled signs reading “Main Street” would stand guard over shells of a former world. + +In the slowly fading background of downtowns with streetlights casting shine on no one, you’d start to see it. + +A giant fence or large swath of paving come in. Eventually, a few months later, it’d take shape. A giant rectangle would rise from the earth on the outskirts of town. And a Walmart sign would be slapped on the very front of it. + +I’ve definitely had some moments, and at least some beers, ominously watching dusks in such small towns staring at the giant store that now lit the grasslands nearby. + +&#x200B; + +https://preview.redd.it/la70usm0l1l81.png?width=905&format=png&auto=webp&s=99fb2682df02b38a764c93b5d9684b49d5cca775 + +And yes, I will admit that I’ve been part of it when it happens…as many of the other townspeople might have been. I can admit to being one of those who would end up walking or driving at 3 AM to the heavy incandescent hum under those lights in near silence in a store that often felt unreal as I got my groceries or things. + +**But it was done because it was the only place where I could.** + +Oftentimes, I did it–and we did it–because there was no other option. I’ve heard of cases where the only way to avoid shopping at a Walmart would have involved driving several more miles/kms if not over 1-2 hours to cross the border into Canada as it had taken nearly every small town in its wake up until that borderline. + +Once a Walmart moves into towns like these, the populace is held captive in its own way. And there’s not much that they can do to escape Walmart in these cases. + +But Walmart doesn’t have the same problem when it comes to escaping. + +# 2. Lights Out + +When the milltown in Winnsboro, SC heard about the Walmart coming, they were ecstatic and opened their doors right up. In 1998, before their Walmart came through, their town had 3 grocery stores and 2 department stores. And 18 years later, Walmart left. And in its dust, only 1 of those big stores still existed in Winnsboro.**When Winnsboro’s Walmart closed, it gave the townspeople–including its 160 employees–fucking TWO WEEKS’ NOTICE. It Thanos-snapped the little that it held out of existence and its sway over the town, its people, its tax base, and everything else came into full view all at once.** + +&#x200B; + +https://preview.redd.it/tenbv2f2l1l81.png?width=909&format=png&auto=webp&s=318b4b07870bead20685605952327dfb0f7b2db7 + +The losses of Walmarts in places like SC were a part of the company's "sharpened focus on portfolio management”: + +&#x200B; + +>**“As part of today’s action, the company will close 154 locations in the U.S., including the company’s 102 smallest format stores**, Walmart Express, which had been in pilot since 2011. Walmart instead will focus on strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding Pickup services for customers.” + +&#x200B; + +Analysts like Stifel’s David Schick came on shitty CNBC to echo that point as one of the biggest reasons for Walmart’s exiting. Its commercial real estate portfolio mattered: + +**“...Schick told investors that Wal-Mart’s thoughtful review of its real estate portfolio is evidence it’s undergone an “evolution” in its approach toward physical stores**, as it aims to reposition the business longer term.” + +&#x200B; + +Of course, other factors did come into this mold. For example, in 2016, Walmart purchased Jet.com to compete with Amazon, who was growing into the behemoth that was warned about in Pt. 3 and Pt. 6. Yet, with its closing it left many small towns, cities, and metro areas gasping in its wake. + +And that Winnsboro town? Don’t worry! Walmart gave them $30,000 after its 2 weeks notice so that Winnsboro could survive! + +&#x200B; + +South Carolina got it bad but it wasn’t the only one. In Whitewright, Texas, people watched as they put up brown paper over the glass doors of their local Walmart: + +&#x200B; + +>Reetha Thomson feels betrayed by Walmart’s decision to leave Whitewright Texas, just 12 months after its grand opening. + +&#x200B; + +[Retta at bottom from the news report](https://preview.redd.it/2kyug5e9l1l81.png?width=893&format=png&auto=webp&s=7dd2e1594a9677118c5e6c1f7efed44f272771ab) + +>**“They chose to come here! And then, when they put the other grocery store out of business, they wanna close down and leave. I’m mad!”** + +The grocery store that she mentioned (Pettit’s) closed after 6 years just 9 months into Walmart’s stay. **Now…for citizens in that town, they now have to drive 30 min…and almost 22 miles/35 km to get their daily groceries!** + +Once that brown paper goes up on Walmarts like these, these storefronts get a new name. There is a specific name for these types of Walmarts that close down: dark stores. + +# 3. Dark Stores + +**In some of these cases of Walmarts that exit and leave dark stores in their wake, Walmart may have its lease still. For example, in Cheektowaga, NY, Walmart basically up and left to copy-paste a new Walmart just a few minutes away down the road.** + +That giant gaping hole left over might be fixed should the local city be able to, let’s say, replace it with a community college or even library, which has happened in the past across the US. + +&#x200B; + +https://preview.redd.it/21hr68gdl1l81.png?width=945&format=png&auto=webp&s=b62363fe731b705dd9af29067767a6073d9bdd49 + +**On the other hand, if the lease is up, like for Walmart stores in Amherst, NY & Lockport, NY back in 2014/2015, then they really couldn’t give a shit what happens. All the while, the mayor and downtown Chamber of Commerce (think of it as what gets businesses into a small town) might keep itself awake with dreams of replacing that Walmart with another big company like IKEA. (Unfortunately, more often than not since stores like IKEA deal with BIG population centers then many small towns don’t qualify and might not ever replace such empty places.)** + +Back when these Walmart Shadow Anchored Portfolios got more and more popular around 2006, you had quotes like these in real estate circles: + +&#x200B; + +>**“A shadow-anchored center owner has no formal relationship with the shadow anchor (in this case Walmart) when it comes to the right to go dark including any re-tenanting choices (IKEA, library etc.), Brown says. That means that no legal recourse exists.** +> +>“If I own a retail center and the shadow anchor goes dark, you don't know if the owner will put in bowling alley or a paint ball park,” he explains. +> +>“With traditional anchors, you have the credit and the control,” notes Andrew Oliver, managing director with New York — based Sonnenblick-Goldman\*\*. “But, if the anchors own their own store and they go dark, they have no real incentive to fill the store and it could really hurt the center.\*\*” +> +>And, many owners feel that the risks get slightly overblown. “We feel like there's a misperception about Wal-Mart going dark,” Schostak says. He points out that stores Wal-Mart closes have smaller floorprints\*\*. The discount giant has never closed a Supercenter.\*\* +> +>“Our shadow-anchored centers were built because of Wal-Mart, but they are also in the best location within their markets,” Windley says. “We're very careful in our due diligence to make sure that there is demand.” + +&#x200B; + +**But demand means nothing in the wake of the parent company deciding to up and leave.** + +Walmart seemed to be a stable anchor for many of these commercial real estate portfolios. It didn’t have weird competition amongst fellow specialized retailers like what happened between Home Depot and Lowe’s. For example, in 1 case, Home Depot closed a store then opened a new one in a nearby completely empty lot JUST so that Lowe’s couldn’t move in on their “territory”. + +The appeal of these Walmart shadow anchored portfolios–where you buy a strip mall next door to a Walmart–is based on the weight of what it can afford you, especially if you’re an investor. And this comes down to the brass tacks of cash flow. + +# 4. MC Cash Flow + +**Walmarts are usually stand-alone buildings. As a result, any stores–GME, Bed Bath and Beyond, etc.--might be located nearby instead on what’s called a “strip center”.** + +The mechanics of the appeal of owning this land comes to the cash flow of its tenants. Here’s a look at what a breakdown might look like courtesy–have to say–from a BAMF explainer on YouTube: + +&#x200B; + +[amazing YT clip have to admit](https://preview.redd.it/1zz5wjfgl1l81.png?width=817&format=png&auto=webp&s=2f38f7ed231fa9ba7d1206d81e0856b8d7231458) + +This guy breaks down what you might essentially deal with a Walmart Shadow Anchored Portfolio with a nearby Strip Center worth \~$1.3 million. + +One of the most important parts about deciding whether to cream yourself and go scrotum deep into buying up such a strip center for commercial real estate is finding the capitalization rate. + +Capitalization rate = all income earned from property\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +property’s market value + +**So if all your stores are selling out nonstop and your market value stays the same, you're dividing a big number by the same number. In simple math term, If all your stores are doing great and just paid out $1000 and your property is worth $100, then 1000 / 100 = 10 capitalization rate or cap rate.** + +&#x200B; + +**BUT…If your stores are doing not too hot and earned $500 and your property is worth $100, then dividing 500 / 100 = 5 capitalization rate. This isn’t as good.** + +&#x200B; + +https://preview.redd.it/jxj08bmil1l81.png?width=837&format=png&auto=webp&s=099933a5f0fc55567fd35f6b879f5e5e3822beec + +**More stuff of course ties in, like paying off any debt in case you pulled a loan to buy up one of these portfolios. But generally, think bigger cap rates = better investment for you. This is because the tenants in the shadow of the giant nearby Walmart make more than enough for you to make better returns.** + +For example, the guy who made this video basically creams himself over the fact that even at a uber small appreciation rate for the property above, if you put down $1.3 million to buy the shopping center, you make almost $87,000 yearly and could be making $2 million total before taxes after 10 years are up. (That might be by 2025 in this case if this was for a strip mall built in 2015.) + +And just like this YouTuber, many are more than willing to cream themselves over this shit. + +# 5. Re-Enter the Schostaks + +Back in Pt. 2 of this series, I talked about the appeal of Walmart Shadow Anchored Portfolios. The fact that they might not go bankrupt and that Walmarts might generate a ton of foot traffic might matter a great deal that investors. And that definitely matters to investors who wanna make money. + +Like the Schostak brothers. + +&#x200B; + +[Schostak family\/brothers](https://preview.redd.it/hdrnvevkl1l81.png?width=521&format=png&auto=webp&s=4b1589b022bca5903386bf27e80443b71025d600) + +&#x200B; + +>“In April, Schostak Bros. & Co. Inc. spent $100 million to acquire a portfolio of 28 properties from Memphis-based Spectra Group Inc. While there have been plenty of more expensive deals this year, Schostak Bros' transaction stands out. +> +>**The reason? Not one of the properties in the deal have anchors. All sit next to Wal-Mart Supercenters that \[they have\] absolutely no control over. The firm instead is building a portfolio entirely based on the concept of shadow anchors. It is consciously looking to buy centers adjacent to stores owned and operated by the world's largest retailer. But it has no interest in being Wal-Mart's landlord. Its strategy is to capitalize on all the benefits of having Wal-Mart as a traffic generator without having the headaches (and meager rents) that come from being a big-box landlord.”** + +The Schostak Brothers & Co is a real estate company centered in Detroit that makes its dollar bills off shit like the Texas property we saw above: kitty corner to a giant Walmart, sharing its parking lot and banking off all the foot traffic it gets. + +So why am I even mentioning them? How does this all specifically relate to our GME story? + +# 6. 33 out of 36 + +&#x200B; + +https://preview.redd.it/hex4x77sl1l81.png?width=965&format=png&auto=webp&s=625f0499ac144ab084114776557c0608908861d7 + +**I was able to find a small list of GameStop leases of \~130 GME stores that I was able to pull from a publicly available source. Each GameStop store is linked to a CMBS loan. (Each of these CMBS loans is searchable on a Bloomberg Terminal as each CMBS loan = Bloomberg ID.)** + +As of the source which published in 2019, Schostak Bros. were connected to 33 out of the 130 GME leases I found. **ALL 33 were part of Walmart Shadow Anchored Portfolios–and accordingly–CMBS loans.** + +&#x200B; + +https://preview.redd.it/tpu1triul1l81.png?width=901&format=png&auto=webp&s=6fb4b0d50dcf0f77b70925aa6ab6132a4d25d8c9 + +What the above chart means is that 33 of the 36 Walmart-linked stores SPECIFICALLY have Schostak balls deep on those GME leases. These were the same brothers that were featured in that 2006 article talking about the appeal of these Walmart portfolios. + +For my 2019 source, each one of those Shostak-linked leases had a comment more or less like this: + +“**...Several of the inline tenants, including Cato, GameStop, and Hibbett Sports, have negative five-year revenue or NCF outlooks according to \[our\] equity analysts**…\[GameStop has\] a five-year projected revenue growth rate of -1.7%…\[It\] maintains a \[$400 million\] market capitalization… + +>We note that online retail saturation has been increasing annually, creating long-term risk for the portfolio. **There is high exposure to Walmart, which shadow anchors each of the 34 properties, however, none of the individual properties accounts for more than 5.3% of the allocated loan balance.** Dollar Tree, which accounts for 27% of the portfolio and is a tenant at 24 of the properties, maintains stable footing to date… +> +>Collateral: The loan is backed by a portfolio of 34 neighborhood centers in 12 states with 881,524 square feet of leasable space. Each of the properties is shadow-anchored by a Walmart store. The largest asset in the portfolio by balance is Alice Shopping Center (there’s a GME store at this mall btw), which has a balance of $4.7 million. + +&#x200B; + +&#x200B; + +[the Alice TX store](https://preview.redd.it/2licqmoxl1l81.png?width=949&format=png&auto=webp&s=3d002dc7c88cb188dad3077895b1a92b13b7bc03) + +&#x200B; + +>Tenants :The largest collateral tenant is Dollar Tree, which accounts for 27.8% of the total space and 20.8% of the base rent. Cato, Gamestop and Shoe Show occupy multiple spaces throughout the portfolio… +> +>Sponsorship :The loan sponsor is David W. Schostak, of Schostak Brothers & Company, a Michigan-based commercial real estate investment company. +> +>Loan :The five-year loan \[for the strip\] matures in September 2021 and paid interest only through September 2018. The loan now amortizes according to a 30-year schedule + +&#x200B; + +This description above is from the GME store in Fort Dodge, Iowa. It had a cap rate of about 7.6% (national retail cap rate) and said most the stores there had 65% probability of renewing their leases. + +**This specific GME loan in Iowa was chopped up and sent to CMBS loans WFCM 2016-C37 and WFCM 2016-LC25.** You can even see a picture of the GameStop store attached to this Fort Dodge CMBS loan on their site: + +&#x200B; + +https://preview.redd.it/l3q2vvs3m1l81.png?width=921&format=png&auto=webp&s=80ff9152beb3233c365d31d0c0e8619ec741a08f + +Those 33 GME stores are from a number of cities & states including: + +* Texas (Liberty) +* Iowa (Keokuk) +* Ohio (Toledo) + +Of course, this is just a quick nipple flash of a look. We can always dig deeper.And where we end up after we start digging, starts to look a little familiar. + +# 7. Ladder Capital Fuckers, I mean Ladder Capital Finance + +**In Part 2, I revisited “The Bigger Short” the story of how fraud was at the heart of many recent commercial real estate loans. This included using wrong addresses on loans to hide historical info about storefronts that were being leased, and having tons of loans peppered in CMBS Jenga towers with questionable metrics:** + +&#x200B; + +>I talked a little bit about this in Pt. 1, but we were re-introduced to TheIntercept & ProPublica’s research on a whistleblower yelling “Fire!” about the fraud and–ahem–”creative accounting” that big banks were using with CMBS. This fraud resembled the early part of the Jenga tower bundles just like in “The Big Short” that big banks helped finance on the way up then made money betting against them as they crashed on the way down in 2008. + +&#x200B; + +&#x200B; + +[look at this laundry list of lying fuckers overstating income on these loans. goddamn pieces of shit](https://preview.redd.it/tnjcsy27m1l81.png?width=921&format=png&auto=webp&s=fd9c5c7a6871562fa56572e371670922c8278f97) + +We talked about some familiar fuckers in previous posts, including Starwood, Goldman and UBS (go fuck yourself UBS, especially for opening a Swiss bank account for Osama Bin Laden and owning the largest dark pool in the US). **Many of these in particular were the gold medalists of lying on these loan applications, but the Intercept article & whistleblower chose to focus on one fund in particular’s fraud: Ladder Capital Finance.** + +&#x200B; + +&#x200B; + +[From a YT comment mentioning how Dollar General survived when other nearby strip mall stores didn't](https://preview.redd.it/zayvon1im1l81.png?width=907&format=png&auto=webp&s=d743b94e540cef4536d112a708f0d0122a0cef61) + +**Ladder Capital is a NYC-based fund made up of three ex-UBS guys (shocker) That article talked about several questionable things that Ladder Capital had done, including giving sweet deals all over the country to 1 specific store: Dollar General.** + +**But what about for our case? Guess who finances allllllllllllllllll of those 33 GME stores linked to alllllll 33 of those Walmart Shadow Anchored Portfolios?** + +&#x200B; + +&#x200B; + +**Yes, the very same Ladder Capital, known for lying on these loan applications and featuring heavily in that whistleblower report.** + +# 8. NOI + +One of the biggest issues talked about in that piece on “The Bigger Short” involved overstating the net operating income, or the money that each tenant might bring in. In our case, this might mean that if a store makes only $1000 a month, you say instead ��trust meeeee, it actually makes $2000” as one of the ways to fudge these numbers. **So your AAA rated CMBS loan might actually be a BBB or worse based on those lies.** + +In our example from earlier, our Youtuber friend calculates the net operating income and explains how to find it. Get your calculators out apes: + +[big brain time](https://preview.redd.it/7yn1tp49m1l81.png?width=947&format=png&auto=webp&s=cae1f12d6c7157d812cf20c467a9cfdc5bcee05c) + +&#x200B; + +>“The net operating income is 134,902 dollars. The way that it’s calculated is bringing in all the expenses (annual maintenance on the property, insurance property taxes, light, water, and trash we get 30,195, minus one from 165,096 equals the net operating income of 134,000.” + +&#x200B; + +165 000 - 30 000 = 135 000 just about. + +**This number factors into a shit ton of things, be it the capitalization rate to sell to investors (and get their money) to sign on to these Walmart portfolios (where the Walmart is never supposed to leave, right guys?), as well as the very CMBS loans that they are propped up on.** + +# 9. WFCM + +*Remember that coding for that GME loan in that Fort Dodge, IOWA storefront? WFCM 2016-C37 and WFCM 2016-LC25?* + +**Well, what’s WFCM? That stands for Wells Fargo Commercial Mortgage, and Wells Fargo was the originator (person who sets everything up) for alllll the GME stores that were connected to these Walmarts courtesy of the fucking liars at Ladder Capital.** + +&#x200B; + +[No one says go fuck yourself quite like Wells Fargo does](https://preview.redd.it/xvjtub9yo1l81.png?width=974&format=png&auto=webp&s=3d47564014fef744bfa24a643eee7f6b8a895cd0) + +If you look back at the chart too, Wells Fargo also shows up on that Intercept article for overstating income, and–apart from that–have an absolute long history of being absolute asshats to retail investors like you. + +As a bit of a callback, that same 2006 article that featured the Schostaks talked about the boom in commercial real estate with these Walmart portfolios even mentioned Wells Fargo: + +&#x200B; + +“Steven Lowery, a senior vice president in Wells Fargo's Chicago office, agrees: “These retailers \[Walmart\] are very powerful and these are the types of deals that they want to do. **We see more shadow-anchored deals today than we ever have.”** + +>**Wells Fargo has provided construction financing for four shadow-anchored deals in the past two months.** “We tend to take a look at the whole project and if we know that the shadow anchor is a strong draw, we're very comfortable providing the construction financing,” Lowery says. + +&#x200B; + +# 10. The Walmart Prelude to 2017 + +So let me get this straight: + +&#x200B; + +Back in 2006, Wells Fargo and others more or less promised–and others took that promise–that Walmart stores never really closed or at least never up and left. They gave the construction financing to start for a few deals. Soon, Wells Fargo also starts originating loans for what surrounds the Walmart in nearby strip malls. + +&#x200B; + +https://preview.redd.it/3b3v0xh3p1l81.png?width=1280&format=png&auto=webp&s=efbf1da91bd489a8f554eca6c09d622e62b5ec92 + +**Over the course of the next few years, crime fuckery happens by firms such as Ladder Capital, UBS, Starwood, and Goldman Sachs to lie about how much money is made at the stores in the strip malls next to those Walmarts. It might not be a stretch like AT ALL that this could have affected GME stores, especially for those in the Ladder Capital-slash-Wells Fargo portfolios.** + +**SO…these loans to stores like GameStop are then bundled into CMBS loans based on partial bullshit, where Ladder Capital (alongside UBS, Starwood and more) knows they’re lying, and that the either stores might not be doing too hot OR “creative accounting” messes up the numbers as some of these portfolios are sold to investors.** + +&#x200B; + +&#x200B; + +&#x200B; + +And this is running PARALLEL for any public companies in these storefronts. **Remember, Melvin Capital admitted that it had puts on GME as early as 2014. And this commercial real estate picture then intersects, as this is especially the case if GME had its board being driven into the ground, potentially by people like its old CFO Jim Bell.** + +&#x200B; + +Despite all that, some of these CMBS loans might have AAA ratings on perhaps B level standing. But the banks and these financiers don’t give a shit. **This is all as Wells Fargo, who had set up a shit ton of these portfolio deals, said that Walmart stores NEVER CLOSE. They never just up and fuck off from a small town.** + +And then 2016 arrives. And Walmart closes perhaps A SHIT TON of stores all at once…perhaps more than any other part of the decade of the 2010s. This is all as the effects of those closings are meant to echo into the first few months of 2017. Remember, these Walmarts never usually close, or they never usually up and leave at least according to the picture painted in 2006. + +&#x200B; + +[literally taken from videos about Walmart closings back in 2016...notice the store that my arrows are pointing to?](https://preview.redd.it/qf6nxyuem1l81.png?width=921&format=png&auto=webp&s=2594de153244236c3cbc10ee3cb3f308e342fb72) + +**But some of those Walmart stores did. And if there were any of those GME stores nearby as part of a portfolio, the GME stores are left in the lurch in yet another way. And so are the CMBS loans that they are a part of the minute that the anchor just fucks off and leaves.** + +**This then becomes part and parcel of the picture of what we walk into going into 2017. It was that 2017, the same year that Carl Icahn and hedge funds like Apollo Global, MP Partners, Canyon Capital, and more opted to short malls around the country**. And the gears of the doomsday machine against companies like Sears, Dillard’s, popcorn and–of course, GameStop–turned ever faster. + +&#x200B; + +**TL;DR:** + +* **Walmart stores are "anchor stores" at the center of what's called "Walmart Shadow Anchored Portfolios". These commercial real estate portfolios cover strip malls next door to Walmarts. Retail stores that show up often in these portfolios include GME stores.** +* **In the past and especially in 2016, the year before Carl Icahn and hedge funds started shorting malls, Walmart closed hundreds of Walmarts all over the country. Walmarts can also individually up and leave, leaving the towns in the lurch and the stores in "Walmart Shadow Anchored Portfolios" basically going tits up to fend for themselves with the allure of nearby foot traffic.** +* **For a sample of 130 GME stores that I was able to pull from a publically available source, all 33 GME stores inside their adjoining 33 CMBS loans are connected to the Schostak brothers, who began heavily buying up these portfolios around 2006.** +* **In addition to the Schostaks, Wells Fargo originated all 33 of these loans and all 33 GME store loans were also set up/financed with Ladder Capital. Ladder Capital was the primary target of TheIntercept's "The Bigger Short" piece on mortgage fraud. Given this history, there is then, potential possibility that Ladder Capital had also fucked with the GME leases or CMBS loans on those GME stores around the time that the company was being mismanaged and it was being shorted.** + +EDIT: Got downvoted to 0 again within seconds of posting. Fun. + +&#x200B; + +https://preview.redd.it/h37yqrhwp1l81.png?width=371&format=png&auto=webp&s=921c3b451b5e3375fedd1eddfe1865473d2eacb6 +Hey Ape Family – hope everyone is staying well. Writing an **OPINION** piece as I have been tracking some bread crumbs. I recently made a post about Flo Rida helping launch the NFT Marketplace & took it down based on the feedback (shills?) so hopefully my **OPINION** on this one is better received. If not, let me have it, all good :). + +**-------------------------------------------------** + +**CRUMB #1 -- Ryan KAGY** + +So, out of nowhere some guy started to hype up Apes, including myself. Originally thought it was a rando until I started digging. My Spidey senses were WAY OFF on this one, stay with me. + +[ https:\/\/twitter.com\/RSKAGY\/status\/1451226307761557505?s=20 ](https://preview.redd.it/vcswvp61ruu71.jpg?width=597&format=pjpg&auto=webp&s=e111e45251bb0a229ceec670ce897a3c6885da33) + +Went to the trusty [https://gmedd.com/](https://gmedd.com/) site to check the Excel list ~~and sure enough, he was on it~~ and he was not on it. Some nice Ape(s) shared with me the correct person out on LinkedIn -- been on the job 2 months. + +[Correct LinkedIn Profile :\)](https://preview.redd.it/lq7gau965vu71.jpg?width=724&format=pjpg&auto=webp&s=16116ab21ad5d27b7938b9f0c491cb3601dbe7d5) + +September 2021 to Present, been with GameStop for 2 MONTHS. Ryan is now posting VERY Bullish Tweets -> check this one out as an example. + +[ https:\/\/twitter.com\/RSKAGY\/status\/1451296066943401995?s=20 ](https://preview.redd.it/ts3d3oq5svu71.jpg?width=577&format=pjpg&auto=webp&s=1f7485cd29121165a0cac4be8f7da136577a1a62) + +**-------------------------------------------------** + +**CRUMB #2 -- DANIEL WANG (a.k.a Daniel Loopring)** + +If you do not know who this dude is today, IMO you sure are going to soon! + +[LinkedIn & Twitter Profiles](https://preview.redd.it/7fw2x7gpsuu71.jpg?width=731&format=pjpg&auto=webp&s=c51a717351e4d09479f1920ccff2dde54f2a503e) + +Back on the Loopring Discord on 10/13, some horse asked him a question (see below). His response PERKED my interest, he did not say when they launch their Product, he said when they launch their Product S (as in multiple - not 1). I posted about this previously but you needed a damn microscope to read it -- sorry about that. + +[Loopring Discord -\> General](https://preview.redd.it/an8inuuvsuu71.jpg?width=1490&format=pjpg&auto=webp&s=da215866a498429a85322de6df2410369f4d977a) + +I go back out to the Loopring Discord today and see the exchange below between CoRTeK and B. who is a part of the Loopring Team. + +[Loopring Discord -\> General](https://preview.redd.it/8gy4nmdctuu71.jpg?width=885&format=pjpg&auto=webp&s=3b9a688feba8b15d775324f5aebe0ed451549a16) + +Let's take a closer look at that screen shot ... shall we? + +[Loopring Discord -\> General](https://preview.redd.it/5g2as37qtuu71.jpg?width=393&format=pjpg&auto=webp&s=38ac9f8f118c076795453de7816aa5cf6662e158) + +That RED Circled area -- does anyone else interpret that as an NFT feature which will be pushed to the Master Branch ... meaning that it will be in the final product?!? + +Oh, and if that is not good enough -- check out #32, "Added footer" you certainly don't add a footer during the middle of development :). + +Add in all of the Liquidity Mining campaigns it certainly feels like they have been load testing. + +**-------------------------------------------------** + +**CRUMB #3 -- GameStop App.** + +~~Every Ape on the planet~~ Many Apes have seen the below screenshot, I took it today in the event it was updated but if you recall, once the GameStop App Loads, if you quickly click Rewards you see the below. + +[Left = Current Rewards; Right = Fast Click of Rewards](https://preview.redd.it/ehuvedgruuu71.jpg?width=1039&format=pjpg&auto=webp&s=4fdfdc360b84022668a72c2196194e8171662833) + +I took a look at the Version history of the GameStop App and in the past, it was getting updated 1x a month. The below is the recent version history, sure looks like work is being done to it, tested, and refined if you ask me. Well, at least it is getting more updates than 1x a month. + +[GameStop App Version History](https://preview.redd.it/83xvz0iwuuu71.jpg?width=1036&format=pjpg&auto=webp&s=4b0a616cc6fad1a50e49affe555a9524036827bb) + +**-------------------------------------------------** + +**COOKIE -- End Game Is Near** + +If you combine all of the crumbs back together, we got ourself a cookie. A damn GameStop cookie. When you start rolling out the Community Lead to start Hyping the Crowd of Apes after ~~5~~ 2 Months on the job, start lining code up to push to the Master Branch, and IMO the End Game Is Near. + +Oh Yeah, remember that guy B. who works for Loopring, he was getting pestered with questions by petergao and shared the below. Damn "sometime soon after the NFT marketplace announcement" + +[Loopring Discord -\> General](https://preview.redd.it/1bvpe782wuu71.jpg?width=964&format=pjpg&auto=webp&s=8acc2b9bf7ed3d3d2639c7604b55ced4b5c425e7) + +This is 100% my opinion and not financial advice. Fuel is being added to the rocket, start lining up to board, we are about to be asked to take our seats. + +**BUY. HODL. DRS.** + +**-------------------------------------------------** + +**EDITS:** + +* (Major) put the correct Ryan Kagy and softened my "jackedness" a bit on that crumb :). +* Adding in the Commits Section from a friendly Ape [**theRealVeale**](https://www.reddit.com/user/theRealVeale/) in the comments: [https://github.com/Loopring/loopring-web-v2/commits/NFT-DEV](https://github.com/Loopring/loopring-web-v2/commits/NFT-DEV) +* Modified the language around the GameStop App, not ALL Apes were aware + Ryan K post +* Fellow Ape [**begopa-**](https://www.reddit.com/user/begopa-/) (thank you!) shared the below post from Loopring ... um, yeah. + +[ https:\/\/twitter.com\/loopringorg\/status\/1451296814079021056?s=20 ](https://preview.redd.it/8kzgznpwqvu71.jpg?width=464&format=pjpg&auto=webp&s=c4466988bb987fc5b0f4d50c026e76b1f66e3e30) +My fiance's company is requiring it's employees and anyone who lives with said employees to disclose their crypto holdings. Am I legally obligated to do so? They already have access to my Fidelity account and now they want my bitcoin too? Apparently they have some "Blacklist" and "Bitcoin will never be on it." At this point I might just transfer what I have in Coinbase to my cold storage and tell them I have nothing. Anyone have a similar situation or ways to get around this? Thanks. + +Edit: Thank you to all who provided insight. I think I’ll transfer what I have on the exchange to my cold storage and be done with it. +I’ve been running a small takeaway business for just under 2 years and have managed to save up around $300,000. I am currently considering buying a 2nd much more busier store for $600,000 I have been approved for a business loan from ANZ already. But I also explored investing that $300,000 into 2 properties, one as a PPOR (I’d rent out the other rooms for extra income), and one as an investment property. + +Having a PPOR and Renting out the other rooms seems to have decent returns that will essentially cover my mortgage repayments and bills. So basically slowly builds equity and covers a lot of basic costs that a homeowner not renting out the other rooms would otherwise incur. +However I made a cashflow model of renting out the investment property and while with a deposit of $120k it comes out ‘profitable’ as in it covers 80% the cost of monthly mortgage repayments incl interest. So it’s still building equity and there’s great tax advantages that come with negatively gearing the property but what’s the point the ‘returns’ (80% of the mortgage repayments) help build equity which is great but it’s still got risks and stresses just like a business. Who is ROI so Low for investment property compared to a regular business? + +Even a $800-$900k house fully paid off mortgage the rental income is only 3-4% and then you have to renovate ever 10-20 years and have repair costs. May as well just invest that money into a dividend stockpile WAM or SPK if wanting passive income? + +Any landlords or those with experience in real estate please let me know what is the key thing I’m missing out because otherwise I’d rather just buy the $600,000 business and get my money back in 3 years instead for 30. +Good afternoon Apes, + +*\*\*I'm an idiot. None of this is advice. You do you.\*\** + +# I was reading the [Monetary Policy Reports](https://www.federalreserve.gov/monetarypolicy/mpr_default.htm), as one usually do. + +[and McDonalds provides the McFlurry. All is well.](https://preview.redd.it/okiszbnbz7a71.jpg?width=859&format=pjpg&auto=webp&s=eed2fcffbce92142bf8332d96fea3b39f8adbee4) + +# The who-who started the what-what? + +Page 31 of 7/9/21 report discusses **Developments Related to Financial Stability.** + +[Angela is now in charge of the party planning committee. ](https://preview.redd.it/wxkeu4fsz7a71.jpg?width=339&format=pjpg&auto=webp&s=394b7d8fa1ad8778e63051f2164ed4a096902468) + +# [Financial Stability Oversight Council](https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/fsoc) + +>*The Council is charged with identifying risks to the financial stability of the United States; promoting market discipline; and responding to emerging risks to the stability of the United States' financial system. The Council consists of 10 voting members and 5 nonvoting members and brings together the expertise of federal financial regulators, state regulators, and an independent insurance expert appointed by the President.* + +# [Hedge Fund Working Group](https://i.kym-cdn.com/entries/icons/original/000/019/277/confusedtravolta.jpg) + +>*I can't find anything about this yet. \~IDAT* + +# Sausage Recipe: Closed Door Meeting Minutes from 3-31-2021 + +\*\*A closed door session was called to order at 2:02 PM. Here's what was discussed until 3:07PM\*\* + +[ Five hundred twenty five thousand six hundred minutes. How do you measure, measure incompetence? ](https://preview.redd.it/77ur2gpvz7a71.jpg?width=765&format=pjpg&auto=webp&s=9a91101ee03ddf250160b6927d111e2b4c357815) + +# HEDGE FUND ACTIVITIES + +[....continued.](https://preview.redd.it/go6o4fkp08a71.jpg?width=770&format=pjpg&auto=webp&s=b525e7812cdccb98cb013fdfee27d62f5a779455) + +[Fin](https://preview.redd.it/j4w8t5wm08a71.jpg?width=792&format=pjpg&auto=webp&s=1d36479bbd4b1a3b6271d0a402c2ae285a4b9b21) + +# TL/DR Highlights: They know. They're working on it. + +* Hedge funds entered 2020 with higher than historical leverage. +* Some very large funds have high leverage and are highly interconnected with financial markets and banks. +* Some reductions in exposures to U.S. Treasury securities may have been due to hedge funds withdrawing from a specific bond basis trade. +* Lenders to hedge funds face risks even if such lending is secured, because if a large fund, or many funds, suddenly failed, each counterparty may attempt to sell the collateral in unison, and the value of the collateral could decline materially, imposing losses on counterparties. +* Large banks’ exposures to hedge funds through lending and the significance of these exposures relative to bank assets. +* Importance of the [SEC’s Form PF.](https://www.sec.gov/divisions/investment/pfrd/pfrdfaq.shtml) +* Acting Chair of the SEC, provided additional information regarding Archegos, including further detail regarding the firm’s investments and the SEC’s coordination with other regulators +* SEC staff’s presentation was based on newly available data + +\~Semper +What's your MF portfolio composition and why would follow your methods? + +Mine is like this... + +|Fund Type|Allocation|Reason| +|:-|:-|:-| +|International Funds|15%|Highest Returns| +|US Funds|15%|Beating Indian funds comfortably| +|Sectorial/ Healthcare|30%|Past performance is better than large cap| +|Large Cap|15%|Beaten down market, good potential| +|Mid Cap (No Multi Cap)|10%|Beaten down market, good potential.| +|Small Cap|0%|Covid cash crunch for small caps?| +|ELSS|5%|I’m not sure if they are worth| +|Retirement|10%|Debt| +|Total|100%|| + +Truth to be told... whatever I'm learning in the investment world, it's through this subreddit. Thank you. Totally appreciate all of your opinions, strategies, insights & wisdom. Feel free to point out too... :) +I tried placing an order in one of my usual MFs today through Kuvera and got an error saying — Elog/image not verified by CAMS. Order entry not allowed. + +Does anyone know what this means and how to resolve this? This is a fund in which I've regularly placed orders in through Kuvera and never faced any issue. + +p.s. I've mailed their support and awaiting a reply but wanted to know from the community as well if anyone has faced this before + +edit: [screenshot](https://i.imgur.com/OciWZp1.png) +My view on the cobrapost "expose": There's some fire in there, but way more smoke. 31,000 cr. is terribly misleading; the problem is a fraction of the 14,000 cr. loans made to entities linked to the promoter (and the market's been fretting about that earlier too) + +What I find is bullshit - the donations to BJP (not a big deal) of 20 cr. +- the allegations of insider trading by using some random data - there is far more to this than the eye is being shown, but the 1000 cr. allegation is bull + +I'm also finding inconsistencies in the slum rehab thing. Cobrapost says a loan given to "Ghardwar real estate" of 430 cr. to a sham project, but indeed, the loan document is cosigned by "Darshan developers" who is the developer of the said Slum rehab proj + +You can see that in this document of cobrapost: http://cobrapost.com/public/image/Final_Hyperlink/Ann-85-Sanction-Letter-Ghardwar-pdf-2-230602777-.pdf … + +If Darshan cosigned (this is only an offer doc, we don't know if it was sanctioned) and darshan was given the project according to the SRA site, then the loan is valid? + +If one 430 cr. loan was called "sham" and is now valid (against the mortgage of a slum rehab - actually three projects) then does it mean that we have to go through each allegation now and find holes? What if they're mostly flimsy? + +Further, if 430 cr. is no longer a problem and we find more holes then it's quite likely that a substantial part of the 31,000 cr. claim is incorrect. + +In fact, Cobrapost even mentions something about companies not being on the SRA website - but their loans are cosigned by Darshan developers who DOES appear on the SRA website as the developers of these projects. + +In another instance, they claim that this doc is supposed to be a loan document - it's just a mortgage deed against a loan that might have been disbursed in stages or at once (no evidence it was either) and either ways, no issues, cos they had collateral + +The more I dig, the more inconsistencies I find in the cobrapost expose. I'm going to stop here, because if a rookie like me can find this much in a couple hours - a seasoned investigator will park a truck in the holes left behind in this story. + +But I will end with : Don't believe what you read - even what I said above - without your own investigation. There's plenty wrong with DHFL, and yes, there's some looping around, but overall, the DHFL loan book isn't quite like this (mostly retail). I'm done with cobrapost. +Disclosure: No shares or bonds of DHFL owned - I even suggested that people exit the bonds a few days back, quite unknowingly. This is not a defense of the company - it's an investigation of an investigation. + +https://twitter.com/deepakshenoy/status/1090306381813559302 +Hello fellow apes, + +Just came back from a coffee run, and while waiting, I've decided to DuckDuckGo on SBS. + +We know that Futures are currently \~$310T, with $100T in un-cleared futures. + +**Why Dodd-Frank Act?** + +>The Commissions are issuing an interpretation to clarify whether particular agreements, contracts or transactions that are subject to Title VII of the Dodd-Frank Act (which are referred to as “Title VII Instruments” in the release) are swaps, security-based swaps or both (i.e., mixed swaps). + +# TL;DR; Start + +EEVERYBODY WANTS TO SEE YOUR SWAPS, KENNY! + +In 2008, the people were fed shitty adjustable loans, Kenny decided to do the same to the banks - as a way to blow them up - supposedly - with Quanto Swaps. + +[A true retard enters the scene](https://preview.redd.it/xzpriim9nck71.png?width=474&format=png&auto=webp&s=7d66279e3955c098dd57e3f7247c87aa8b1e69a7) + +The whole system is set up on these bad bets. And I want to short it ... with GME. + +Kenny likely used Quanto Equity Swaps (QES) that heavily rely on the interest rates. I show studies were done on the quanto and how to hedge them, by establishing a long tenure with quantos performed in non-equity currency. + +The longer the tenure of these QES, the lower chance of margin calls, and heavily depend on the Fed's actions. + +The only way they do not win is if you hold - not financial advice - and expect to hold longer than expected. + +# TL;DR; End + +After my first post about SBS, I had the same expression that Baum had while stuffing his face with sushi. + +Based on Dodd-Frank Act, TRS is: [TRS Definition Document](https://www.cftc.gov/sites/default/files/idc/groups/public/@newsroom/documents/file/fd_factsheet_final.pdf) + +* A TRS on a single security, loan, or narrow-based security index generally would be a security-based swap. +* Where counterparties embed interest-rate optionality or a non-securities component into the TRS (e.g.,the price of oil, a currency hedge), it would be a mixed swap. +* Quanto equity swaps that have certain characteristics are security-based swaps. +* TRS based on broad-based security indexes or on two or more loans are swaps subject to CFTCregulation. + +And so, we should look a bit deeper into Quanto equity swaps. + +Fincyclopedia [defines](https://fincyclopedia.net/derivatives/q/quanto-equity-swap) Quanto swaps as: + +>A [swap](https://fincyclopedia.net/derivatives/s/swap) that pays the return on a foreign equity investment (like a share of stock) against payment based on a domestic floating rate. In other words, in this swap one party pays the domestic floating interest rate and receives the foreign stock return denominated in foreign currency but paid in domestic currency. + +&#x200B; + +&#x200B; + +[WHAT?](https://preview.redd.it/qoo4nm0fnck71.png?width=1280&format=png&auto=webp&s=8b04e2e1f9cdbb2721d1c735d27bc87786c68c79) + +So wait, Quanto Equity Swaps (QES) pays (and therefore losses) happen on the domestic floating rate? + +I am starting to believe this is closely tied to the Fed, because they are hesitant to raise rates and have rates be separate from tapering. + +&#x200B; + +[JPow statement that taper != interest hike](https://preview.redd.it/t2e6exvhnck71.png?width=1200&format=png&auto=webp&s=c2302b6453e1c54e6f440e3c26b9aebc4e976510) + +I mean, the Fed seldom speaks truth, and I've pointed to it a few times - including the recent JPow statement. + +My belief that the MOASS will actually start in Dec-2021/Jan-2022 at the next cycle, not the current one. + +Taken from Criand's DD: [https://www.reddit.com/r/Superstonk/comments/p37osl/are\_futures\_or\_swaps\_the\_secret\_sauce\_to\_price/](https://www.reddit.com/r/Superstonk/comments/p37osl/are_futures_or_swaps_the_secret_sauce_to_price/) + +&#x200B; + +[https:\/\/www.cmegroup.com\/trading\/equity-index\/rolldates.html](https://preview.redd.it/r4g8ujpjnck71.png?width=917&format=png&auto=webp&s=3816fe287dd8b9d75da4ae0cdabf5a10e3690b53) + +But I digress, so back to Quanto Swaps. + +Found some nice articles on the quanto swaps: + +[https://www.tandfonline.com/doi/abs/10.1080/1350486042000297261](https://www.tandfonline.com/doi/abs/10.1080/1350486042000297261) + +>Pricing formulae show that the value of a quanto equity swap at the start date does not depend on the foreign stock price level, but rather on the term structures of both countries and other parameters. However, the foreign stock price levels do affect the swap value times between two payment dates. + +Job reports, inflation targets being risen by the WH, it is unlikely that the interest rate will go up before EoY. Unless there is a significant pressure from a different participant, ending their gamble once and for all. + +The Fed will likely taper by the end of September, but the rates will stay the same. With increased pressure, the rates will likely go up just before the start of the roll cycle - end of November. + +But that's just my prediction - and will likely be wrong. + +[https://www.tandfonline.com/doi/abs/10.1080/13504869400000001](https://www.tandfonline.com/doi/abs/10.1080/13504869400000001) + +Full Text: [https://www.researchgate.net/publication/229689489\_Valuation\_and\_Hedging\_of\_Differential\_Swaps](https://www.researchgate.net/publication/229689489_Valuation_and_Hedging_of_Differential_Swaps) + +>In the case of diff swaps with the principal denominated in a third-country currency, we first carry out simulations to answer the question on the relationship between the constant margin rate and the tenor. As reported in Table III, we find that the longer the tenor is for the swaps,the lower is the constant margin rate. Again, this characteristic is not universal. In some cases, the constant margin rate is high when the tenor is long. Second, as in the case of diff swaps with a domestic currency, the magnitude of the constant margin rate is generally smaller than the interest rate differential. This again supports the view that one should focus more on the yield curve differential than on the current rate differential when entering into a diff swap deal. + +Conclusion: + +>Simulation results show that the constant margin rate on average declines with the tenor of the swaps and the magnitude of the constant margin rate is generally smaller than the interest rate differential. Among domestic interest rate, foreign interest rate, third-country interest rate, and exchange rate, we found that correlations associated with the exchange rate play a more important role in pricing diff swaps than correlations among interest rates themselves. + +I think I know why Kenny's been travelling: + +* He pushed the Quanto swaps to different country's currencies - a Type of ETRS +* Currency evaluation plays significantly into this because the longer the tenor the lower is the constant margin rate +* Until the Fed, and other countries raise their interest rates, the margin calls may not be happening to Kenny +* Margin calls will likely be on the dealers/banks that issued Quanto Swaps +* Banks are likely crying to the Fed not to raise rates + +&#x200B; + +[WHAT DID I JUST FIND?](https://preview.redd.it/jyyykummnck71.png?width=1280&format=png&auto=webp&s=7aa52724be9f8d70339196fa89e02b52283f6d41) + +A comment by u/SomethingAweful308 that I enjoyed, but does not touch into the interest rates + +... this is like 'outsourcing' portfolio management to the market marker. With Equity TRS, a HF pays a fee for the market maker to take the stock positions for them. I see 3 big advantages for the HF to short GME this way: + +1. fast access to the execution in the dark pools thru the market markers doing the trading in the stock with their algos and their privileged Payment For Order Flow deals. +2. No risk or complexity of having to locate and borrow shares legitimately for shorting complace with SEC rule SHO, and risk the loan of shares going up in interest cost or being recalled. +3. And lastly getting access to the 'naked shorting' cheat granted to the market maker. + +&#x200B; + +# Now, to the SBS. + +Note, a lot of this is essentially taken from the SEC's own document with some digestion. + +[https://www.sec.gov/swaps-chart/swaps-chart.shtml](https://www.sec.gov/swaps-chart/swaps-chart.shtml) + +&#x200B; + +[How the whole SBS works](https://preview.redd.it/ta4ityfonck71.png?width=940&format=png&auto=webp&s=81720527b7050a8b40f28a605ea793b4610106d0) + +[First Counterparty](https://preview.redd.it/6vgducbpnck71.png?width=1346&format=png&auto=webp&s=b70af2075f74a264536e6a518cbd560e438aaad7) + +[Second Counterparty](https://preview.redd.it/rfhcn40rnck71.png?width=1346&format=png&auto=webp&s=f083f1dfde812d801155bee7457b6e373e170ca3) + +&#x200B; + +[SEFs](https://preview.redd.it/myw0552unck71.png?width=1346&format=png&auto=webp&s=4318209c71d74fadaa38fad00fdc6b5a178a15f2) + +Now, if you notice that the last three images show that the First and Second counterparty do not require registration with the SEC? HUH? WHAT? + +There are certain types of SBS that has to be transacted on an SEF or an exchange. However, there are SBS that may go through SEF or an exchange, or just be set to an OTC basis **by negotiation between two counterparties.** + +So, what does this all mean: Some securities need to be on the exchange, but others can just be made between buddy hedgies and SEC has 0 visibility on those trades because **THEY ARE NOT REQUIRED TO REGISTER WITH THE SEC.** + +&#x200B; + +[Come on ... seriously SEC?](https://preview.redd.it/xeawkdcwnck71.png?width=1100&format=png&auto=webp&s=dc78a2e85b1457e471ca0cfa656a52f06d6bfc88) + +So, the data report then goes to the Security-Based Swap Data Repositories (SBSDR) + +&#x200B; + +[SBSR](https://preview.redd.it/fhi70g8ynck71.png?width=1346&format=png&auto=webp&s=2b80bc41757c5afb2ca754cf4ee0a2c22664c013) + +Then, the data from these SBSR is released to the public - for the first time + +&#x200B; + +[The Apes](https://preview.redd.it/wq6jtliznck71.png?width=1346&format=png&auto=webp&s=734ef94fbcf59c8a8cb27e774c3230eb87be2381) + +Proposed rules on the public information about SBS: [https://www.sec.gov/news/press/2010/2010-230.htm](https://www.sec.gov/news/press/2010/2010-230.htm) + +The public report would show the following: + +* Specify the categories of information to be reported to a repository in real time and publicly disseminated. Among other things, this would generally include information about the asset class of the security-based swap, information about the underlying security, the price, the notional amount, the time of execution, the effective date and the scheduled termination date. +* Specify certain additional categories of information to be reported to a repository for regulatory purposes, but not publicly disseminated. Among other things, this would generally include the counterparty; the broker, trader and desk ID; the amounts of any up-front payments and description of the terms of the payment streams; the title of any master agreement governing the transaction; and, the data elements needed to determine the market value of the transaction. +* Require the reporting of certain events that result in changes to previously reported information about a security-based swap transaction. +* Identify which counterparty to a security-based swap transaction would be required to report information to a repository. + +**Here's where it gets fucky**: + +>Under the law, the SEC has authority over "security-based swaps," which are broadly defined as swaps based on a single security or loan or a narrow-based group or index of securities or events relating to a single issuer or issuers of securities in a narrow-based security index. +The CFTC has primary regulatory authority over all other swaps. The CFTC and SEC share authority over "**mixed swaps**," which are security-based swaps that also have a commodity component. +The Commodity Futures Trading Commission is proposing similar rules with respect to the reporting and public dissemination of information related to swaps that fall under the CFTC's jurisdiction. +In addition to working closely with the CFTC in preparing this proposal, the SEC and the CFTC held a joint public roundtable to gain further insight into many of the issues addressed in the rules. + +Notice, the SEC regulates some of these SBS but CFTC regulates all. As stated in my previous post about SBS, SEC has authority only for the non-Bank SBSDs and has no authority for the banks. + +&#x200B; + +[I ask that myself. Why the fuck does SEC have no jurisdiction on Banks, even after the repeal of the Glass Steagal Act of 1932?](https://preview.redd.it/yvgpi7h2ock71.png?width=500&format=png&auto=webp&s=3c936b4a39ab2c99c244e7d2fed5101bee60c99d) + +I will let you decide on the why - as it makes little sense to describe other than to hide their transactions from the SEC. And we know how overleveraged these banks are, especially with the recent Archegos meltdown - where Banks did not report shit to SEC about the SBS. + +Clearing happens on the Security Based SWAP Clearing House (SBSCH) + +&#x200B; + +[SBSCH](https://preview.redd.it/qyknvbs4ock71.png?width=1346&format=png&auto=webp&s=4ee230cdfb7ac572b05237c77b4dffc46fc6b25c) + +So, what are the reporting rules: [https://www.sec.gov/news/press-release/2012-2012-124htm](https://www.sec.gov/news/press-release/2012-2012-124htm) + +>The SEC also adopted rules requiring clearing agencies that are designated as "systemically important" to submit advance notice of changes to their rules, procedures, or operations if the changes could materially affect the nature or level of risk at those clearing agencies. + +The data we are all looking for are in these clearing houses and needs to be found, and yet it is very easy to do so: + +[https://www.sec.gov/tm/clearing-agencies](https://www.sec.gov/tm/clearing-agencies) + +It is a treasure trove above, and needs to be looked into deeper, but we have the same actors being in play: + +* [The Depository Trust Company](http://www.dtcc.com/about/businesses-and-subsidiaries/dtc) (“DTC”) + + * Order Granting DTC Full Registration, Release 34-20221 +* [National Securities Clearing Corporation](http://www.dtcc.com/about/businesses-and-subsidiaries/nscc) (“NSCC”) + + * Order Granting NSCC Full Registration, [Release 34-20221](https://www.sec.gov/rules/other/34-20221.pdf) +* [Fixed Income Clearing Corporation ](http://www.dtcc.com/about/businesses-and-subsidiaries/ficc)(“FICC”) + + * Order Granting FICC Permanent Registration, [Release 34-69838](https://www.gpo.gov/fdsys/pkg/FR-2013-06-28/pdf/2013-15509.pdf) +* [The Options Clearing Corporation](https://www.theocc.com/) (“OCC”) + + * Order Granting OCC Full Registration, [Release 34-20221](https://www.sec.gov/rules/other/34-20221.pdf) +* [ICE Clear Credit LLC](https://www.theice.com/clear-credit) (“ICC”) (successor in name to ICE U.S. Trust LLC) + + * Deemed registered as a clearing agency on July 16, 2011, pursuant to the Dodd-Frank Act. [PL 111-203](https://www.gpo.gov/fdsys/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) +* [ICE Clear Europe Limited](https://www.theice.com/clear-europe) (“ICEEU”) + + * Deemed registered as a clearing agency on July 16, 2011, pursuant to the Dodd-Frank Act. [PL 111-203](https://www.gpo.gov/fdsys/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) +* [LCH SA](https://www.lch.com/about-us/our-clearing-houses) (“LCH SA”) + + * Order Approving Registration and Exemption, [Release 34-79707](https://www.gpo.gov/fdsys/pkg/FR-2017-01-05/pdf/2016-31940.pdf) + +So, what about the initial margin requirements that are about to hit the spot. + +Well, we know there are about 3,500 NSCC participants out there that will require initial margin: [https://www.dtcc.com/client-center/nscc-directories](https://www.dtcc.com/client-center/nscc-directories) + +However, we have 0 visibility on who the fuck participates in the Swaps because **THEY DO NO NEED TO REGISTER WITH THE SEC!** + +Further, I decided to look into the law about the margin requirements: [https://www.law.cornell.edu/cfr/text/17/240.18a-3](https://www.law.cornell.edu/cfr/text/17/240.18a-3) + +**Dealers** + +* (c)(1)(i) Must calculate the amount of exposure and the initial margin for each account as of the close of each business day +* (c)(1)(ii) Must collect from the counterparty collateral in an amount equal to the current exposure that the SBS dealer has the counterparty to + +**Delivery of Collateral:** + +* **Exceptions for collection of collateral** + + * Commercial End Users + * Counterparties that are financial market intermediaries + * Counterparties that use third-party custodians + * Security-based swap legacy accounts + * Bank for International Settlements, European Stability Mechanism, and Multilateral development banks + * Sovereign Entities + * Affiliates + +**Collection of Initial Margin:** These fuckers can decide not to collect Initial Margin between all the parties. + +The whole setup is done so these degenerate gamblers are allowed to continue to grow into bigger degenerates. + +[https://www.investopedia.com/articles/investing/052915/different-types-swaps.asp](https://www.investopedia.com/articles/investing/052915/different-types-swaps.asp) + +Swap contracts can be easily customized to meet the needs of all parties. They offer win-win agreements for participants, including intermediaries like banks that facilitate the transactions. Even so, participants should be aware of potential pitfalls because these contracts are executed over the counter without regulations. + +# The only way they win, is if you don't hold. +Hi all, + +Its Halloween and theres blood everywhere! I thankfully pulled back my 401k allocations at the start of the Ukraine conflict from about 75% stocks/15% bonds to about 40stocks/50bonds. Its still down 20% (along with everybody else) but is this the right time to step on the gas again with the market down here and reallocate? + +Im 46 yrs old with 150-200k income and about 500k invested in my retirement plan. Its the first time in over a decade ive made any adjustments. Im a set it and forget guy but i dont mind still being aggressive at my age. How involved are you in your allocations and do you change them often? Appreciate all feedback and TIA +[Yesterday I made a post about some stocks that made a sudden spike in price and volume](https://www.reddit.com/r/Superstonk/comments/nh2kt4/recent_pump_dumps_listed_on_shitadels_13f/) and noticed that the majority of them can be found on Citadel's 13F. Well, it looks like they are back at it this morning, some of Shitadel's holdings are once again spiking in value this morning. Though there may be some legitimize reasons for these increases, I don't believe too much in coincidences. + +Let's take a look: + +[Triterras, Inc.](https://finance.yahoo.com/quote/TRIT) \- Jumped 16% this morning, volume in less than one hour is half the daily average. Shitadel has 208,454 shares and half a million options. + +[Onconova Therapeutics, Inc.](https://finance.yahoo.com/quote/ONTX) \- Jumped from $0.75 to $9.20 this morning in premarket!! Shitadel has 58,050 shares of them. EDIT: Announced reverse stock split yesterday. + +[Annovis Bio, Inc.](https://finance.yahoo.com/quote/ANVS) \- Fuck me! 113% up this morning! Shitadel has \~9K shares +EDIT: Up 240% as of 12:30PM. Some have mentioned that they had positive results with drug trials for Alzheimers, skeptic in me sees that some of the news was released 2 days ago and no stock movement until this morning. Also no SEC filings in 2 weeks which I find odd. (Also volume is astronomical) + + +[Gracell Biotechnologies Inc](https://finance.yahoo.com/quote/GRCL). - Up 22%, starting rising post-market yesterday, triple the normal volume this morning. Shitadel has \~40K shares. + +[Yalla Group Limited](https://finance.yahoo.com/quote/YALA) \- Up 15%, volume already 50% higher than average daily. 121,711 shares and \~150K in options. + +Here's a link to the Shitadel 13F for reference: [https://www.sec.gov/Archives/edgar/data/1423053/000095012321007021/xslForm13F\_X01/0000950123-21-007021-4336.xml](https://www.sec.gov/Archives/edgar/data/1423053/000095012321007021/xslForm13F_X01/0000950123-21-007021-4336.xml) + +This activity has been going on for at least 3 days now, I haven't done any research into why these stocks are spiking, there could be a valid reason for them but I find is suspicious that the majority of them can be found on Shitadel's most recent 13F. + +&#x200B; + +EDIT: I really want to stress that I have not researched other reasons why they've gone up, there are plausible explanations for some of these (reverse stock split and press releases). See this comment for some explanations: [https://www.reddit.com/r/Superstonk/comments/nhtd52/shitadels\_holdings\_are\_being\_pumped/gyy54mc/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nhtd52/shitadels_holdings_are_being_pumped/gyy54mc/?utm_source=reddit&utm_medium=web2x&context=3) + +I'll also add that I have not seen EDGAR filings for the press releases, do your own research and draw your own conclusions. I plan to continue looking every morning and hope to put more research into it but am limited due to the fact that I still have to work because the MOASS hasn't happened yet. +I'm 36, I have essentially met my FI goals due to the sale of a startup in 2015, but I've hit an unexpected obstacle: my own mind. + +I don't enjoy working and never really have. The extra cash doesn't make much of a difference because for the foreseeable future I am simultaneously (1) in the top tax bracket, and (2) for reasons outside the scope of this post, unable to get a job that pays better than minimum wage. + +Basically the only reason I still work is because I'm unable to visualize how else I'd spend my time and to keep my in-laws from thinking I'm lazy. +Sounds like a weird question but hear me out. + + I currently save about 50% of my take home pay, after pensions + share options etc. No dependents, own my own home, however I should be starting a family in the next few years. But with my career I know that I’ll be ok in later life and retirement, and I’m very grateful of that. + +I’ve worked in finance and saving and investing has become bit of a passion / borderline addiction, to the extent that I’m starting to think that I’m a bit of a Scrooge /could be enjoying my youth a lot more, travelling and seeing friends! + +A friend said to me the other day “If you know your gonna be ok in the future, why do you love sitting on your pot of gold so much ? Live a little!” + +From my early 20s I’ve have this figure in my head of how much I want to get to (income/savings), which I’ve pretty much just plucked out of thin air, and Ive ended up putting quite a lot of pressure on myself to achieve it. But...I rarely stop to ask myself why? + +Have any of you ever questioned this, and if so how have you made changes ? +I'm a 25m nurse, and I have recently graduated. +Here in Denmark I take home about 3000 € a month, which is about the average salary. It's good if you are single, but not so good if you have wife and kids. + +At the moment, I have a net worth of 30.000 € and I invest about 2000 € a month. + +I am looking for ways to boost my career and maximize my salary. + +Does anybody know if there is a country where nurses make more? Or perhaps some suggestions /lifehacks to improve my situation. + +Any advice is welcomed +Hello everyone, I'm first time investing so I would appreciate your assistance if I understood something wrong. I will be using Trading 212 as a platform. The investment horizon is 15-20 years. + +The simple long-term portfolio structure would be: + +80% - **Vanguard FTSE All-World UCITS USD Acc(VWCE)** + +20% - **iShares Core Global Aggregate Bond UCITS ETF EUR Hedged Acc(EUNA)** + +I want to keep it simple at the beginning. Do you have any suggestions about what could be done better? Should I reduce the % of bonds in the portfolio? Include some other ETF's? +Hi, +I want to start 2020 year with going long on MSCI world ETFs. Currently, I'm using more expensive local index funds and I want to reduce the cost that will eat my profits long-term. I'm trying to decide between Degiro and Trading 212 - both available in my country. + +1. Degiro - low/minimal cost broker - monthly free ETF(s) buy/sell (from the list) + 2.5EUR fee for connection with AMS Euronext stock exchange + potential annual fee of 0.1% (announced by Flatex who recently bought Degiro, I think not yet confirmed). + +2. Trading 212 - 0 fees for trading (no limit!) - the only fee I found is withdrawing through bank transfer (5 EUR), which isn't an issue as I'm going to buy for the next decade and withdraw lump sum at once. + +On this subreddit I noticed everyone is recommending Degiro especially when buying from the list of free ETFs, but it seems that Trading 212 is the cheapest option. Is there anything I miss? Shitty support, hidden fees etc.? + +P.S. I just read that Trading 212 allows buying fraction of ETFs/stocks. +Hey guys. + +As I imagine many of you did, lately I learned that the US Government has issued new saving bonds that return a staggering 7.12% annually. + +Here is the official link where you can find more info: [https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res\_ibonds.htm](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm) + +Now, my question is: given that as a non-US citizen I cannot invest directly in that instrument, is there an equivalent, fixed income instrument, with a solid issuer, that could return me around 7%? + +Which is to say, again, as a european, can I get exposure, even indirectly (if for example a vanguard/blackrock replicates that instruments) to those kind of fixed returns? +Hi everyone, + +I would like to hear opinions on the investment scheme with the following inputs: + +1. Investment period 5-10yrs (possibly longer) +2. Tax residence: Netherlands (therefore Accumulated funds are preferrable due to dividends taxes) +3. Investment cadence/amount: 1000 (or 2000) EUR on a monthly basis +4. Risk: low to moderate +5. Broker: DeGiro + +After reading some topics and analysis on a passive portfolio I have converged on a single ETF: + +[iShares Core MSCI World UCITS ETF USD (Acc)](https://www.justetf.com/en/etf-profile.html?isin=IE00B4L5Y983) + +My question is how would you balance the portfolio with the fixed income asset? + +Q1. If its bonds, bonds-ETFs: which one? + +Q2. Maybe bonds are not worth it? What else then? + +Q3. Would you add another equity ETF to the portfolio (Emerging markets? Asia?) + +&#x200B; + +Thank you for your recommendations and comments +Hello everyone, I'm first time investing so I would appreciate your assistance if I understood something wrong. I will be using Trading 212 as a platform. The investment horizon is 15-20 years. + +The simple long-term portfolio structure would be: + +80% - **Vanguard FTSE All-World UCITS USD Acc(VWCE)** + +20% - **iShares Core Global Aggregate Bond UCITS ETF EUR Hedged Acc(EUNA)** + +I want to keep it simple at the beginning. Do you have any suggestions about what could be done better? Should I reduce the % of bonds in the portfolio? Include some other ETF's? +Hello everyone, there's no easy way to tell you this, but i'll try. + +So, i'm currently living in Portugal, i'm trying to finish my studies but at this moment it ain't been easy, i work and study because i live only with my mom and she wouldn't be able to sustain me, neither i wanted that, but unfortunately at this moment things are getting pretty rough, both salaries barely enough to pay rent, house expenses, medical bills and food. I also have a part time job at a local bar that helps me paying for public transportation and some studies expenses, but with rising cost of life it starts not to be enough. + +&#x200B; + +I'm asking if some one could please indicate me some way of making some extra bucks (online maybe), i've tried sites like usertesting and trymyui but those haven't ben reliable, i also did some research in some online business but i won'te be able to execute them without money, so currently i'm more looking for a way to just earn some extra bucks, like 60\\70 EUR p/ week would be great. + +&#x200B; + +Please, this may seems stupid for the vast majority of you out there, but for me it's a real struggle and that low amount would do me wonders in my life, i have not eaten more than 1 full meal a day in more than 2 months, i have a chipped tooth that i have to ignore and hope it stands until i have money to heal it, everyday that rains my feet are completely wet because i can't afford new shoes, i can't cut any more expenses to my monthly budget since it's already down to surviving essentials, the only luxuries i have in my life are down to my internet conection, my laptop and my studies, i know i'm sounding desperate, because i am, i just don't have to be forced to abandon my studies, the only good thing i have in my life right now that could lead me out of this situation. Please, if you know something that it might help me earn more please help me, i'm loosing all of my energies and hopes at the moment. +I want to safely (as much as possible) invest a certain amount of money (10-15% of my paycheck) every month for the next 30 years. I don't have goals like buying a house or a car, I just don't want money to sit in my account. I also don't want to spend too much time handling my investments. + +What would be the best option and where can I do it? I live in Slovenia if that is important at all. +[https://www.theaustralian.com.au/the-oz/news/hackers-threaten-data-release-in-coming-hours/news-story/1e00cbe61a77a39ddf09c50fe392c09d](https://www.theaustralian.com.au/the-oz/news/hackers-threaten-data-release-in-coming-hours/news-story/1e00cbe61a77a39ddf09c50fe392c09d) +what are everyone's thoughts on KO as a dividend aristocrat. Do you think it can continue to increase dividends over the next 10+ years? Do you think people are moving away from KO and other carbonated beverages because they want live a healthier lifestyle and make healthier choices? + +Honestly, that 2nd sentence cracks me up and makes me cringe just writing it (Do you think people are moving away from KO and other carbonated beverages because they want live a healthier lifestyle and make healthier choices? ) I know a lot of people say this, but honestly its complete nonsense. Eating healthy takes effort and money. Most people don't want to put the effort in and most cant afford it. Even people with money lead unhealthy lifestyles. I honestly think coke is a solid pick for slow, steady growth with nice dividend payouts. I don't buy the argument that people are choosing healthier lifestyles. that is laughable. Coke isn't going anywhere. People will still consume coke/pepsi etc... in high volumes, nothing will change that. +I understand the appeal of owning stocks that pay you dividends for simply holding their stock. It can’t get any more passive than that. I also understand the effect of compounding your dividends over time to accelerate growth. But let’s be honest, do dividend investors expect to beat the stock market (VTI) or S&P 500 (SPY) over the next several decades? +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.** +Look, I want this to happen just as much as anyone. I have a shitty job that I hate and some kids that would really benefit from having their parents around more and not out working. However....think of the fallout that it would cause if the entire financial system was turned upside down right now. + +Do you think RC or anyone else at Gamestop want the blood of the "Christmas Spirit" on their hands? Millions of families tossed into turmoil, trying to figure out what the hell is going on with all their finances/retirement/futures? + +I'm perfectly okay with waiting until after this holiday season to kick off the new year with some amazing moonshots. Hell, we may get some more of us over the threshold of long term capital gains tax! + + +Let's all just chill, have a nice holiday with our stupid loved ones, and blast off in couple weeks! + + +Okay? + + + + + + + + + + +*Edit: so a lot of you are getting pretty heated about this post. The message has always been the same: Buy. Hold. DRS. + +Its okay to feel frustrated, but the anger im seeing out here isn't healthy. This company exists just as that, a company. This isn't a means for YOUR wealth. If you believe in the company and trust those at the helm, then what's the problem? +I'm in a pretty bad place atm mentally and financially and would like to hear some of the experiences you've had while going through this to get a better idea of what to expect. + +&#x200B; + +I don't wish to give out any information regarding my current situation due to a lot of toxicity and straight up assumptions and insults that have been thrown at me before when asking for advice on this subreddit but I do need help so I please ask of you to keep the conversations civil and on topic thanks. +Hey everyone, I’m an insurance producer licensed in 38 states. I’m not here to sell anything, in fact I won’t even mention my company’s name, but I wanted to share some tips on insurance that will save you money, and I thought PF would be a good place to start. The numbers used are examples, so before you make any changes you should consult your insurance professional and/or someone with experience in these matters who can give you answers detailed to your specific situation. + +&nbsp; + +**Renters Insurance is a HUGE bargain, might not even cost anything.** + +&nbsp; + +Renters insurance covers quite a few things, including: + +* Coverage for your personal content, even if it’s not in your home (eg: items in your car. Certain limits apply for traveling and storage). I typically see this coverage at 10k+ +* Coverage if you are temporarily displaced,( eg: you need to stay at a hotel while your house is being repaired for smoke damage, money to replace lost clothes, increased food expenses because you’re eating out every day since you don’t have a stove, etc.) I typically see this coverage at 30% the above number +* Coverage for liability (eg: someone falls in your apartment and breaks their leg, sues you for negligence). I typically see this at 300k +* Coverage for your defense costs (eg: lawyer fees, small allowance if you need to miss work to attend court hearings, etc.) This is included. + +And how much does this coverage cost (including the numbers I used above)? Usually under $200; I typically see 150, but I have seen it go as low as 90. PLUS, if you bundle your renters and auto, sometimes the discount on auto will cover the renters (eg:$200 savings on auto, renters cost 150, net savings: 50.) Call your auto insurance, ask if they have renters. If it’s too much, say thank you and call the next agency. + +&nbsp; + +What would a worst case scenario look like? Well, try /r/legaladvice, browse around for a bit. For the lazy, imagine you accidentally start a small house fire while cooking. It damages a few thousand dollars’ worth of your stuff, plus you have to live in a hotel while it’s being repaired, and your landlord is going after you for damages because he has to pay for the repairs. If you don’t have renters insurance, you’ll be paying all of that out of pocket. Oh, but if you DO have renters insurance? You’re paying the deductible (typically 250 or 500), and then letting your claims adjuster deal with everything else. Have to take time off work to go to court to prove you’re not negligent? They have you covered. + +&nbsp; + +**Higher Deductibles will save you more money, especially over the long run** + +&nbsp; + +General rule: At LEAST $500 deductible on your auto, preferably $1k. For homeowners insurance, it’s best to go with at LEAST $1k, preferably 2.5k or even 5k. Renters can get away with 250 or 500, honestly. + +&nbsp; + +Why? + +&nbsp; + +The difference is usually several hundred a year, and you pay the deductible before the insurance pays anything. + +&nbsp; + +I go into this a little more later, but say for example your insurance is 1500 a year with a 1k deductible, and 900 a year with a 2.5k. After 4 years, with a 1k deductible, you’ve paid 6000 to the insurance company, and then you’ll have to pay another 1k in the event of a claim. After 4 years with a 2.5 deductible, you’ve paid 3600 to the insurance company, and put aside 2400 that would have gone to the insurance company, so basically covered your deductible. One more year, you can use the $600 you’ve saved to cover the deductible with $500 additional savings to do whatever you’d like. + +&nbsp; + +**Insurance should only be used in an emergency/making claims will increase your rates** + +&nbsp; + +This is the one that gets people the most. You pay 1500 a year for insurance, you’ve been paying the last ten years, so why shouldn’t you make a claim when you’ve already paid then 15k? Because it’s going to raise your rates. + +&nbsp; + +Why? + +&nbsp; + +If you don’t make any claims, you’re put in a group, “unlikely to make a claim”. Because you’re in that group, you get more favorable rates. If you make a claim, you automatically switch to a different group, “likely to make a claim.” Because you’re in this group, you’ll get less favorable rates. On auto, it will last for 3 years; on home, five. It doesn’t matter if you haven’t made a claim in your entire LIFE up until this point; as far as the insurance company can see if, you’ve made a claim and will be much more likely to make another. + +&nbsp; + +For example: Let’s say you have a 1k deductible. Someone breaks into your car, steals your purse worth 1500. Personal property is covered by your home/renters, so if you make a claim your home will pay out $500 (cost of loss-deductible). They now see you as riskier, so they will increase your rates. Maybe $300 a year for the next 5 years; you’ll pay $1500 over the next five years, plus you’ve already paid the $1000 deductible, so now you’ve paid $2500 for a $1500 purse. In this case, it will cost you less to just buy a new purse out of pocket. + +&nbsp; + +On the other hand, if you have a kitchen fire that does $30k in damage? Yeah, make a claim on that one. + +&nbsp; + +**Most vehicles don’t need “full coverage”** + +&nbsp; + +Unless A) Your vehicle is financed, then it’s required by your financing company, or B) Your vehicle is less than 10 years old, then your vehicle will pay out more. + +&nbsp; + +Why? + +&nbsp; + +* Full coverage isn’t an industry regulated term. Professionally, it means nothing. It usually includes collision and comprehensive coverage; some companies will also throw in towing, glass, and rental. If you ask for full coverage, you could be getting anything. +* Your policy will typically only pay out collision if you’re at fault. If the other driver is at fault, their insurance will pay out. Comprehensive does cover more, so you can get away with having comprehensive (vandalism, theft, tree falls, hit deer) but no collision (you hit object) +* We will only pay out what the vehicle is worth. Not what it costs to get a new vehicle of this type, not what it costs to get a used vehicle of this type. Doesn’t matter if you paid $35k for the vehicle 10 years ago, doesn’t matter if it costs $15k ro replace it today, we’re only going to pay out the Actual Cash Value, and it typically isn’t 15/35k on a 10 year old vehicle (Much more common is less than 5k) +* You actually end up paying the company more than it would pay you in the event of a claim, because “full coverage” costs more than liability only. + +&nbsp; + +For example: + +&nbsp; + +Let’s say you have a buy a vehicle in 2001 for $20k. ACV is 3k. Your insurance is 1000 liability only, 1500 with collision and comprehensive, with a 1k deductible. Over the course of 4 years here’s what your insurance totals will look like: + +&nbsp; + +&nbsp;|Liability only | Full coverage +----|----|---- +1| 1000| 1500 (500 extra) +2| 2000| 3000 (1k extra) +3| 3000| 4500 (1.5k extra) +4| 4000| 7000 (2k extra). + + +&nbsp; + +Liability is what you have to pay anyways, so unfortunately there’s not a lot you can do to get around that. For the collision and comp, you’ve paid out 2k extra over the years. If you have an accident right now, the ACV is 3k, minus deductible (in this case 1k). So the most they’ll pay out is 2k, which is the amount you’ve paid them, so you break even. Ever year after that that you don’t have an accident, you’re paying them money that you will never get. + +&nbsp; + + +The exact amounts vary, which is why I have the general rules A and B above. If you’re not entirely sure, find out the rough value of what your vehicle is worth. Price liability only coverage (that’s coverage if you hit someone), and liability+ collision and comprehensive coverage (coverage if you hit someone, and also for your own vehicle). Take the rough value of your vehicle, subtract your deductible, this is X. Then take (the price of your quote with collision and comprehensive) and subtract (the price of your quote with liability only). This is Y. X divided by Y is how long it will take you to “break even” if you were to have an accident (although this is obviously not the goal). + +MetaReflect (MRF) is a true hyper-deflationary token that provides investors with the best opportunity to earn the highest ratio of BUSD reflections. + +&#x200B; + +They Just announced big partnership with Crypto Expo Dubai! MetaReflect is a Gold Sponsor in Crypto Expo Dubai and will have a booth. + +&#x200B; + +&#x200B; + +14% buy/sell/transfer tax that works as 8% BUSD rewards and 1% to liquidity + buyback and burn, and 4% to marketing. Team tokens are vested for 2 years which shows trust and confidence. + +&#x200B; + +Though still in the project phase, MetaReflect is being managed like a business. Neither time nor money will be wasted on internal development if better, cheaper and faster already exists externally, and can be provided to our investors faster and better. We focus on return-on-investment, not punishing sellers, and delivering on what we say, for the benefit of investors. Already forming a hype, active and solidly engaged community. + +&#x200B; + +MetaReflect has an aggressive development roadmap, to ensure all the 'basic services' are accessible by investors early on. Staking, Liquidity Pooling and NFT Minting will all be delivered within the first 2-6 weeks from launch. + +&#x200B; + +8% BUSD Rewards + +&#x200B; + +1% Liquidity + +&#x200B; + +1% BuyBack and Burn + +&#x200B; + +4% Marketing + +&#x200B; + +&#x200B; + +Telegram: [https://t.me/MetaReflect](https://t.me/MetaReflect) + +&#x200B; + +Website: [www.metareflect.io](https://www.metareflect.io) + +&#x200B; + +Twitter: [https://twitter.com/metareflect](https://twitter.com/metareflect) +These are some of the biggest companies on the ASX, and all have been putting in imo major distribution set ups. Distribution is the process of active selling by major market operators. It's followed by a mark down. Distribution is obvious if you look for it and shows up some key characteristics. The normaly process of distribution is a stock trends/is marked up. It hits an initial point of preliminary supply/selling. Bulls push it further until a buying climax occurs (max bullishness). A selling reaction occurs until a point of automatic buying reaction which creates a distribution trading range. A further secondary test of bulls establishes there is active selling and the price falls again showing a sign of weakness. Bulls attempt to push the price higher through upthrusts, these upthrusts get sold off and show further signs of weakness. Towards the end (right hand side) of the trading range the price can often attempt one final break out rally which fails, further weakness is seen, a final weak rally establishes the last point of supply (this often marks the channel for the subsequent downtrend). Breaks of uptrend channels/wedges are also often seen during distributions. + +IMO the market leaders in all the major ASX companies have been putting in tops since around November 2020, and a mark down phase should be after the market attempts one final break out rally in April. + +https://preview.redd.it/z1p4doo6k9r61.png?width=1475&format=png&auto=webp&s=cdabcc50fa3db7da6e19ea1b87c042171f7cd528 + +https://preview.redd.it/n9zucel7k9r61.png?width=1475&format=png&auto=webp&s=0548c3046229b54f97c1d0dd0e42f261b182a3e8 + +https://preview.redd.it/44chgb09k9r61.png?width=1475&format=png&auto=webp&s=9adc13b159bf05ae3eb42cdd833e8f8d2a10c36b + +https://preview.redd.it/3pldb848l9r61.png?width=1475&format=png&auto=webp&s=3058cd49e0c3f315a5d7b3d024081ff8f3bf84d8 + +https://preview.redd.it/2uplra99l9r61.png?width=1475&format=png&auto=webp&s=224551e80600b3d242fb2098fd710f26b6e7d299 + +https://preview.redd.it/chnb1c66l9r61.png?width=1475&format=png&auto=webp&s=eac2a4bc3e0e483c470ce02c01a8fec0c70d590f + +https://preview.redd.it/fuk87q4jm9r61.png?width=1475&format=png&auto=webp&s=719f94caa4a06d280c572b84a6a27d9bf74df08d + +https://preview.redd.it/zqyzfcbfn9r61.png?width=1475&format=png&auto=webp&s=168e8225c9909080a3e8c7396af84775c487b977 + +People who are new to trading and learning about patterns like head and shoulders etc might also recognise what look like head and shoulders patterns in some of these charts. This is because the BCLX/UT/LPSY aligns with the two shoulders and head from that pattern. Understanding it as a distribution though gives a better understanding of what the market is doing and why. + +The distribution trading range also has to be compared against a re-accumulation trading range since that also consists of range bound trading but is followed by a mark up. The key difference is the presence of quick sell offs of upthrust and signs of weakness in the trading range as these show active selling which pushes the price below prior supports. In reaccumulations tests of the support zone are bought up by the market and the trading range tends to be much more stable and less volatile. + +Also if you think whatever spec company you are putting your money into will be safe during a market wide sell off suggest you go back and look at how most of the spec sector did during Feb/Mar 2020. + +Finally taking a look at the XJO shows a couple of bearish set ups. + +&#x200B; + +https://preview.redd.it/iwbe1rk7u9r61.png?width=1475&format=png&auto=webp&s=1074bfe9638f0ffbd1d4f4d3283a22a6dc0dfb1a + +This broadening wedge set up which I first identified a couple of weeks ago is still in play. The important thing to note is that in the larger set up before the market attempted to make a further 'break out' which in reality was a fake out into the supply line. Note the first rejection occurred in January when many people were still dismissing any potential impact from Covid (Trump and his loons going on about it being contained), market had already well distributed from July 2019 to Feb 2020 before the COVID crash which in reality just completed the broadening wedge set up established from the start of 2018. A similar broadening wedge set up with a rally into the supply line in April (just as everyone gets 'bullish' because the market is rallying) then gets sold into and the market breaks. + +For those who started trading in the last year anyone who was bearish in late 2019/early 2020 was mocked as a "permabear" who "never make money". + +Imo the market is getting to pull back to the long term GFC trend again in the middle of the year, which should provide a really good time to buy the dip. As the charts below show. Daily chart shows how the completion of the broadening wedge would find support, then a weak counter rally, the complete the fall into the trend channel. This aligns with a very long term trend line support (ie the GFC trend line which has been established at multiple points including last september). + +https://preview.redd.it/or7dmn6jv9r61.png?width=1475&format=png&auto=webp&s=138a89037ed6f2b95971be994370291301f9ecd5 + +https://preview.redd.it/3hh4c42gv9r61.png?width=1475&format=png&auto=webp&s=9414966527229e8ec6bd84086433a2f4ec34162b +Concerning a [post](https://www.reddit.com/r/ASX_Bets/comments/l4lttk/new_investment_equation/) made by u/46733363722722226, it's a shitpost that is beginning to actually have some merit. As I [promised](https://www.reddit.com/r/ASX_Bets/comments/l4lttk/new_investment_equation/gkp6w4r?utm_source=share&utm_medium=web2x&context=3), I would begin constructing a [spreadsheet](https://drive.google.com/file/d/1Iw6ym-Qbe89u7u7P7TAbHOis-nG0NKk_/view?usp=sharing) to determine some validity to it. + +Please note that this is still quite premature and absolutely needs further expansion, likely several months. I am personally **not utilising this strategy** and would urge others to not do so until the 🚀 🚀 🚀 🚀 🚀 can be ascertained. + +&#x200B; + +EDIT: 10/2/21 update uploaded. I'm retarded and did 2 days of codes in Week 2 a day early because I don't know what a date is. I will be making a weekly post of the progress beginning Monday unless told to fuck off. + +&#x200B; + +EDIT 2: 11/2/21 uploaded. Lot's of Week 1 goodies in. I think I might start trying to find trends in this soon. + +&#x200B; + +EDIT 3: 12/2/21 uploaded. This post will end, with a new weekly update beginning with the completion of Monday's trading. Will make note of some things that interest me in it. +For anyone who missed part 1 I recommend you check it out because it explains defensive investing and the philosophy behind the book which as such gives some opinions and focuses heavily on long term investing. Now when I was reading these next few chapters, I was always curious as to why the past 100 years would matter and how that could affect now, because as explained in part 1; Interest rates are different, the economy is obviously very different to 50 years ago, inflation was different and the general attitude towards financial markets was different. An interesting lesson I learnt from Buffetts 2021 shareholder meeting (which is 6 hours and worth watching every minute) is that he highlights information in a way people don’t consider. One of the main points he highlighted that has stuck with me is that he said Let’s say you know motor vehicles will thrive in the 1900’s and they are the big industry for the future going into the 1900s and you decided you wanted to invest in them, so you buy a large number of companies to try diversifying. Well, he wanted to see how many went bankrupt and to prove his point he wanted to go from companies A-Z and find at least 30 companies, he realised just from scanning companies ONLY starting with MA there was over 30 there alone. Now you are probably thinking thanks for the history lesson idiot, well the reason I explained it was even if you knew tech was going to be the big industry over the next 50-80 years and you picked a large bag of companies, if you can’t analyse them and understand which will thrive you have no chance of just winning from buying and holding. Even if you could analyse these companies and understand them, the chance you pick correctly comes down to a lottery. + +**Stock market history** + +Now in the stock market history part of the book, Graham discusses how attitudes over time changed and even financial analysts were constantly wrong about markets. The book shows a chart of the S&P from 1900-2000 and it explains the peaks, troughs, and everything in between, it also explains how patterns emerged and how rebounds always happened in the long run. An issue which Graham highlights and is reiterated in the notes is that people believed the past was a good predictor of the future, as such if the S&P was down 10% the past year, then people believed that it would continue, or if the markets had just had a big rebound people believed that it must happen again, and stocks wouldn’t stay in a longer downtrend. Now there’s 2 sides to every coin and for every person who says there will be a rebound there’s someone else saying but this recession is different, I remember in the March crash there were people saying this will crash the financial and global markets because trade will die, and we have never had a pandemic this bad and so on. Now I understood this was extreme, but I also thought they had a point and maybe this time was different, the only thing different was the insane rebound from the markets. Now to apply this to history this is similar to the GFC, the government realised banks and other financial companies needed to be bailed out, whether you agree they deserved it or not is another debate. Once they were bailed out and the government helped people the economy got back on its feet within a couple years. This time around surprise surprise the same thing happened, we learnt from our mistake and realised throwing money at the issues helps and we would rather have an issue in 10-20 years than a crisis now. Nobody knows when it will bite us in the ass that every tom dick and harry got bailed out during COVID, but it certainly helped us much more in the short term. + +The book then gives examples of how over history during giant booms and bubbles such as the .com bubble financial analysts everywhere were out publicly saying just because prices are higher doesn’t mean the markets inflated, tech is the future, and we are simply pricing that in. Now just because tech was the future doesn’t mean the markets couldn’t be overvalued, and this caused any company to say it was tech slap a few fancy words in its reports and investors came flocking like a bunch of seagulls to a fake chip. If anyone did any basic analysis like the commentary highlights and illustrates with companies then it was possible for investors to realise there was a boom, but it was also a bubble and to tread cautiously. The commentary then explains there’s only 3 growths the market cares about’ Real growth, inflationary growth and speculative growth. Now rather than explaining all 3 and ruining a few pages of points if you get the book this is a part I think will help sum up the market in simple terms using numbers. + +**Defensive investing** + +The next thing I want to look at is the defensive investor which we discussed earlier but will go into more detail now. The book gives issues for investing 100% in bonds, which anybody who sees they are at record lows and realises the market is better for us peasants with little money can see this is a bad idea. But what I decided to try do and suggest you do, is try find a situation where someone could even consider this idea strongly and for why it would benefit them? Now if you read part 1 and remember it you could argue someone who is happy with lower returns and no risk could do 100% bonds, but they would miss out on the big bull market runs. However, as we are talking about a defensive investor this may be okay for them, but the other thing to consider is choosing taxable bonds or tax-free bonds. Now this should also be pretty easy in hindsight and depends on your tax bracket. The book then goes on to explain the different types of bonds and so on which I personally don’t think is very useful and I found it quite repetitive quickly. What I think would be more helpful is learning about bonds and why they are better than a savings account, because if the majority of the public did not have financial illiteracy, they could see bonds are a great long-term choice if all you are looking for is a safe return, but why don’t more people do it? Well, the main one is that they don’t understand bonds and they are not commonly talked about. If I asked the majority of my family if they preferred bonds or a bank account, they would choose a bank account purely because they know they can understand it, which is fair enough but comes back to my point on ignorance. + +The notes, which once again I must say really do help humanise this book and make it so much better, discuss the psychology of people when investing and their emotions. It mentions that people do a very poor job of predicting how they will feel based on an event or timeframe, for example let’s say you bought stock XYZ at $10, this stock then climbs to $20 in 3 months. Well, it’s very easy to want to marry that stock and say this is a great company, my analysis was correct, and I will keep holding. However, if stock XYZ falls from $10 to $5 in 3 months its very easy to start double guessing your analysis and ask what went wrong and want to divorce your stock. Now do these price movements mean you were wrong. No, it just means either the stock just became a whole lot cheaper or a whole lot more expensive. The main issue here is people like to believe they analyse a stock or momentum or something, but have little conviction, and for a defensive investor this is not an issue. If you only check your stocks once every 6 months, the volatility in between means nothing because you don’t have the emotional factor of worrying each day and considering other possible solutions. This is why defensive investing is not just slapping some money in an ETF or Bond and saying I suck, but it has more benefits than just financial and helps take the psychological aspect out of it. Buffett asks that if the market shut down for 10 years and you couldn’t sell your company until those 10 years was up would you be happy holding? If the answer is not then what the fook are you doing because it’s not long-term investing, now if this isn’t your strategy then this obviously isn’t great help. + +**An exercise** + +The next chapter which I’m not going to analyse too deeply, or this book analysis will take 3 months focuses on stocks and how to choose them. It gives some very clear filters such as companies with a rising dividend payment and your portfolio should have some sort of diversification. Now it says minimum 10 stocks, but once again I disagree with this point and if you have looked at my mock portfolio you will notice it is less than 10 stocks, however! I am not a defensive investor or a long-term investor, so this is different. I do agree that if you fit into the defensive long-term investor then some diversification is good, because if you are a defensive investor, you don’t want large volatility or risk and you certainly don’t want to be stuck with a company if you see a better one. As saying that the other opinion is if you have 10 stocks you wont like all 10 equally so why have 10? Well because a defensive investor may want exposure in multiple industries over the long-term future. + +To finish this summary off for these chapters I, want to give an exercise and ask what you would do for each person. This is taken out of the book by the way, so try think that way and then also consider how would you personally do it? + +1. A widow who has $500k and needs to support herself and her children? + +2. A doctor mid-career with savings already of $300k and can save an extra $30k each year? + +3. A uni student earning $500 a week and saving $2000 a year + +Now to not spoil the book I’m not going to give the book answers but rather how I would do it. Now to choose a strategy you need 3 main factors to know, do they need a dividend? What is their risk tolerance and what is their timeframe? + +Let’s start with the Widow, a Dividend would be useful as they want to live off the funds, the risk tolerance as such must be low because the funds are necessary to them surviving and lastly the timeframe needs to be long while the widow gets back on their feet. Therefore, they would benefit most in my opinion from a defensive strategy through an ETF which pays dividends. The reason I did not choose multiple companies is as mentioned earlier in the summary, you may be able to predict the industry but predicting companies is extremely difficult long term and if they Widow has little financial literacy they won’t know when bad news is bad news. + +The next case is a Dr with a nice amount of savings and is putting away a good amount each year on top of their super (assumption by me). Now we know the Dr does not need dividends as they are able to save an extra 30k a year and as such we can presume that 30k extra is after living expenses and so on. So as the 300k is already growing, the extra 30k will already help it quickly add up. The next thing is their risk tolerance, as they are mid-career it can be safe to assume a medium level of risk as they won’t be retiring soon but certainly can’t afford a 25 year wait for a stock to recover like we had with GE in the first post. The last one is timeframe which as we mentioned must be somewhere in the middle and I’m going to say around 20-30 years for arguments sake. $30k a year over 20 years is an extra $600k and that money already in them should double roughly every 7years so its safe to say within 20-30 years they should retire quite comfortably. As such I would be willing to put this person into high growth blue chip stocks in companies they understand, WOW, CSL and so on (yes, I know the growth can be debated but they are well known). I would then get them to make any adjustments they feel necessary every year by using the extra $30k to put into any new stocks they like and making any buy/sells they want. + +Last case is the uni student. Now $500 a week is barely enough to afford a tent on a piece of dog shit over in the eastern states, but for arguments sake let’s say this is enough to get by and the $2000 they save a year is the max they can save. Now this person could take high risk because we know their uni income is not going to be enough to retire on anytime soon and I would say it’s safe to presume the time frame is around 40 years. The person would have little use for a dividend as that 5% a year is a whopping $100 which when I was in uni I would just rather spend. Now as such this is a person who could use their spare time from uni (there is a fook tonne) to buy speculative stocks and invest heavily speculatively with a small amount in high growth large cap companies. Now I’m not saying this person would be best buying speccy miners and shitty medical stocks with no revenue, but companies like Afterpay on crashes or APX or PME or shit, even options plays if they know how they work may be best. + +Now these are obviously just my opinions on these examples and by no means should be taken as the best approach or how to manage it as it’s a guess based on one sentence, but I am interested in other people’s opinions on these 3 cases and if you would invest differently yourself in these situations compared to how you think the book would do it? + +This summary had quite a lot of my opinion in it largely because it focused on defensive investing and bonds which I am going to presume is not what a lot of people are interested in, but I thought the example at the end was really great and hopefully that helped a lot. As always thankyou for coming to my TED talk and the next summary will be out on the weekend. +TL;DR - me pretending to be an analyst. If you just want a summary, skip everything that's not in bold letters. + +(Update: updated disclaimer, and my trading styles to make it simpler and clearer.) + +**Disclaimer:** + +**If you disagree with me, constructive feedbacks are always welcome. Please don't just buy stonks because I think they are good. If you like the stonks that I like, you buy. Otherwise, you don't. Keep it simple.** + +**I'm NOT A FINANCIAL ADVISOR.** + +&#x200B; + +Whenever I feel like I need to re-evaluate certain stocks in my portfolio, I'll publish my personal opinions on the stocks I review. It's not DD. It's my simple thought process for what to do with the stocks I hold. If enough people request DD on a particular stock through DM, I'll do a proper DD on it. + +Something you should know about my playstyle: + +* I only buy and hold until I don't like the stonk. I don't do options, and never go short on anything. I'll buy and hold as long as something about the company fundamentally changes. +* I used to be big on fundamentals and values. However, my current trading strategy places more focus on intangibles (mostly potential), because I think that's how the market works these days. If the company has real fundamental problems, I won't touch it. I consider things like how expensive the stonk is compared to its EPS, but it does not dictate my decision. +* I **mainly** like 2 types of companies: 1. ones burning money doing research (I like my lotto plays), 2. ones growing exponentially. +* I really really like buying stocks during its accumulation period. Money keeps flowing in, but the stonk not moving up a lot? Me like. + +My stock buying checklist: + +* **Hotness:** is the company in the industry where I think is booming or will boom? +* **Explosiveness:** do I think that the company has a potential? (investor sentiment, products in pipeline, exponential revenue, profit growth) +* **Dudness**: do I think that the company will survive to realise the potential? +* **Price:** is it at a good buy point? Make sure that it's not heated up too much temporarily. + +So, you see, I try to **buy the bomb, and not get ripped off by the arms merchant.** + +&#x200B; + +**$CSL: HOLD. Moderately bearish. I like the underlying stonk.** + +TL;DR - Hard to tell whether it's cheap or expensive. I just think that the underlying business model and the company's track record are rock solid, and is a great long-term play. I'm not expecting much in short-term. + +I got it as blue-chip, COVID play. It's bet on the vaccine from UQ failed and took the stock price down, and it hasn't recovered since. + +Absolute giant in the industry with a pretty decent growth. It is the number one player in a global plasma therapies industry. + +&#x200B; + +https://preview.redd.it/u32z877tg3h61.png?width=387&format=png&auto=webp&s=84c98f7a06e1907a2cf0ecc8b5138d4d6b2cede1 + +There were concerns of the share price running up too much last year, and there was/is plasma collection headwinds due to COVID. There is a chance that the price may fall a little lower. + +I really like the company and keeping my money in there, but I may pull out if I see a better opportunity elsewhere. + +&#x200B; + +**$ASB: HOLD. Moderately bearish. I like the underlying stonk.** + +TL;DR - I cannot figure out why the stock price of the company has been punished so much. It's underlying performance has been great, and it's still a great defensive stock. I'm still holding it because I can't figure out what would push the stock price lower, but it's one of the more "meh" stocks I hold. + +Geez... I got a lot of these defensive plays last year thinking that Australia was headed to an immediate recession, and thinking that Austal would get tailwinds from the defense spending during recession, and high international tensions. + +Austal is a giant blue-chip shipbuilder for commercial and defense vessels, and growing steadily with nothing wrong in sight. + +&#x200B; + +https://preview.redd.it/woyc4ecug3h61.png?width=368&format=png&auto=webp&s=83061e2a855c2611cf960c0f04225008b42599a5 + +It's earnings per share has been going up whereas the share price has been falling pretty badly. I think it's got to do with the bad media attention it got last year with corruption allegations. + +&#x200B; + +https://preview.redd.it/0audu14vg3h61.png?width=842&format=png&auto=webp&s=506f7d5fec2f0138ecb7b790872b099cc2fe8b6f + +&#x200B; + +**$CRW: HOLD. Neutral. BUT I really really like the underlying stonk.** + +TL;DR - overall, quite a mixed bag. I'm holding, but can't really recommend either buying or selling of this stock.This one is really special. I bought it for no other reason than my friends and I have been using it really well for the past few years. It's one of those, buy-what-you-use-or-see-everywhere things. + +Last year's performance was really bad, so the share price dropped quite a bit since IPO to take that into account. It's been ranging for quite a while, and when you look at the market depth, there is a larger buying interest than selling interest. + +&#x200B; + +https://preview.redd.it/vfw7yvyvg3h61.png?width=377&format=png&auto=webp&s=d8d2f0cf63ba704b6e223baf9fe1b19cad03be04 + +&#x200B; + +**$CI1: STRONG BUY. Neutral (I think accumulation period). Partnership with University of Technology, Sydney on Feb 1, 2021. I super like the underlying stonk.** + +TL;DR - it's a pennystock I'm waiting to absolutely pop! Solid business model, great past performance, and largely flying under the radar. Once people start noticing it, I think it will pop without a doubt. + +I'll do a proper DD in the coming days. Credit Intelligence (ASX: CI1) is a diversified debt restructuring and personal insolvency company. It's a personal pennystock that I'm expecting to absolutely POP. + +I got it for 3 reasons, and those fundamentals haven't changed. + +* I'm a BIG, BIG fan of stocks that doesn't move up a lot in price after mega volume transactions (if it skyrockets, I don't touch it). I believe it's a very bullish signal, and completely pops after a while. + +&#x200B; + +https://preview.redd.it/5n6wg09xg3h61.png?width=1157&format=png&auto=webp&s=cdc55c422c4dbd6112ab2d8a60fbad0289a2a7a3 + +* I'm a BIG, BIG fan of companies that are exponentially increasing its revenue and earnings year after year. That normally results in the stock price exploding at some point. + +&#x200B; + +https://preview.redd.it/iui25s9yg3h61.png?width=380&format=png&auto=webp&s=b0b3da20d558f668a2c27090f27e74933cb63747 + +* This is my hedge play against BNPL, and recession: I'm a big believer in BNPL, and I think that the current hype is completely justified. I personally think BNPL is such a big game changer. It's like how the world was never the same before and after the advent of Internet. Say what you will, but I think that the world before and after BNPL will never be the same. + +&#x200B; + +**$MME: STRONG BUY. Neutral (I think accumulation period). I super like the underlying stonk.** + +TL;DR - it's a pennystock I'm waiting to absolutely pop! Solid business model, great past performance, and largely flying under the radar. Once people start noticing it, I think it will pop without a doubt. (Yes. To me, it's almost identical play as CI1). + +MoneyMe is a Fintech lending platform company growing solidly. Basically, mostly the same as above. So, I will keep it short. + +* Yes, I love that volume and the fact that the price hasn't popped yet. + +&#x200B; + +https://preview.redd.it/e50jsnozg3h61.png?width=1155&format=png&auto=webp&s=77d7659e1b6cc1bac292cb427d287f02fd0a8055 + +* I just like exponential growth. + +&#x200B; + +https://preview.redd.it/ieoct461h3h61.png?width=378&format=png&auto=webp&s=95eef03189a224db58bb222907fac3973e3bd4ab + +* I just like lending and debt collection companies in general. It might not be as sexy as EV, or its super popular sub-category BNPL, but I will really, really like the sector for at least a couple more years. +* Oh, I'll do a proper DD in coming days, but I remember really really liking their product and the diverse talent in their management team. + +&#x200B; + +**$TLS:** + +**(Update 2) Man... honestly, it feels like you get stoned to death for mentioning Telstra here. At least, it hasn't lost me money, but hey, I get the point. I'll put the money into some other stock on Monday. Mention your favourite stonk in comments. If I like it after DD, I'll put my money in it, and upload a proofshot.** + +**(Update) Holy! So much hatred for this stock. I do believe that the community sentiment matters a lot to stocks. If anyone loves this stock, let me know in comments. Otherwise, this must be one stock that needs to disappear from my portfolio.** +Edit: I was super wrong. That’s ok, real men admit their mistakes and I live to hype another day. Love you all. Please stop upvoting this. + +Today is 741, GameStop quietly released an application for NFT creators, but Loopring has yet to announce their NFT marketplace like they promised to do by the end of the year (see their website). I’m calling it now, the 2 will announce a partnership by the end of the day today. + +Rejoice apes, for MOASS begins tomorrow. + +🚀 💎 💎 💎 🖐 🦧 🦍 🦧 🤚 💎 💎 💎 🚀 +Tasty fire sale dip incoming possible on market open to defend 190 196 or 200 resistance +B&H fellow apes. Brace for impact! Dont fall for it. +Here is your chance to average down if you missed it yesterday + + +This is not financial advice +I am on a crayon diet and know nothing about stock + + + + +https://preview.redd.it/5x68xhoikqr61.png?width=1366&format=png&auto=webp&s=90789b1b76a48a3eced2137550e0e83c796c7f6e +I (22M) just started a new job. My employer contributes 3% of my pay to a 401K account no matter what. I am going to contribute 5% (that's what I can afford now, goal is to get to 15% next year with the employer contribution). + +The account is with T. Rowe Price. I immediately gravitated towards the T. Rowe Price Retirement 2060 fund. It is averaging 7.72% annual returns for the past 5 years. However, I noticed later on that the operating expenses are high for these funds (0.72%). Now I am looking at the Vanguard 500 Index Admiral fund. It is averaging 10.80% annual returns for the past 5 years and it's operating expenses are only 0.04%. + +Would I be crazy to switch to the Vanguard index? My risk tolerance is high as I am just starting out. Either way, I am looking for major stock exposure in order to grow my account as much as possible. I'm new to retirement investing so any advice is appreciated. Thanks! + +Edit: The general consensus seems to favor switching to the Vanguard 500 Index Admiral. I’ve thought through it and that is what I want to do. One of the best comments was by u/CPlusPlusDeveloper who pointed out that the target fund fees could cost me 25% of my retirement wealth. I’m so glad I posted here and thanks to everyone for the help! +Hi, + +I'm currently between jobs and getting a nice £80 per week for my troubles. + +I have a friend who has recently inherited a large sum of money and wants to split it between different banks into the £85k limit. The problem being he has well over the £250,000 maximum for protection under the FSCS scheme. + +We've been besties for a long time and has asked me if I would put a further £250,000 into accounts for him under my name. + +Whilst it's absolutely not my money and all of it and the interest will go back to him, this somewhat technically puts me over the £16,000 savings limit which would mean no benefits for me. + +I'm guessing the answer is yes, but would I have to declare this, despite it only being mine through technicality and me getting nothing from it? +The P/E Ratio reaching above 25 is a [historically rare event](https://www.equityfriend.com/investment-charts/nifty-pe-chart-nifty-pb-chart-nifty-dividend-yield-chart.html) and right now we are about 28. + +Personally, I think this is NOT a good time for a long-term investor, NIFTY (or perhaps any major stock index in the world!) has ever sustained for long at these levels without going through a major correction or bear run shortly afterwards. What do you think? +**Reposted from SubraMoney** I am stunned, or at least shocked when I talk about money to some people. I really wish we had some magazines like MoneySense who did surveys and gave us some macro numbers on how people spent their money. +I met this guy earning well and having literally no cash in his hands. Around 32 years of age he is now preparing to receive his first kid in the world – and he was struggling to pay for the delivery charges. Never mind that his office will reimburse the money, he has to pay about Rs. 50k to the hospital (assuming I did not ask him what amount). +I rarely write about how a person should spend etc. – I am more on the wealth side. I prefer writing about how people should save and invest..but this was shocking. How can a 32 year old with a 31 year old wife – each earning about Rs. 10L a year not have even Rs. 100,000 in cash / mutual fund with easy access? Beats me. +They have had vacations in South East Asia, Europe, and Middle East. None of them came cheap – I know for sure that the Europe trip must have been darned expensive because it included 4 days in Switzerland and the whole trip was about 15 days. They drive a Honda City and a Swift Dezire, live in a rented house, do not support their parents. The wife has some ULIP (tax saving!!) and the husband believed in paying all the taxes. No savings whatsoever. Money earned, all spent. +Last year they donated Rs. 55,000 to a charity I know, and that is where I met them. Seriously, they cannot afford the charity. They need to put money away to buy a house, now for the kid, and generally create an emergency fund, and of course a retirement fund. She is a banker (oops!!) and he is in the IT space, both industries known for their fickle minded HR policies. Frankly the have another 15 years in which to put together this money, and their salaries, though good, are not really astronomical. Their parents are not so well off – but they are not dependent on these kids as of now. However on probing I found that parents could exhaust their money – they do not have any indexed pension, and worse, they have no medical insurance. This couple used their credit card the last time that they had a medical emergency BUT STILL DID NOT GET MEDICAL INSURANCE for their parents. +Their monthly expenses (to this old man) were stunning: Cook Rs. 9000, Maid Rs. 3500, Petrol Rs. 12,000, Electricity Rs. 6000 on an average, eating out is 8-10 times a month, and the bill is Rs. 2k*10 so say 20k a month, movies, shopping….). Of course all this is a guess, and they have not kept records. It should not be difficult to construct the expenses..all expenses have been paid by credit card. Though they thought they were earning well and spending well, they were actually living far beyond their means. Corporate travel meant a hired taxi, air travel and luxury hotels. Even when they went on their personal visits, they used the same combination. They started staying in 4 and 5* hotels (corporate discounts meant they paid much less than the rack rates, but still these are expensive)..so they did not really consider saving! +Their travels were more as a tick box item. They have not seen anything in India. Both are from South, have not seen, say the Taj, but have seen the Eiffel Tower and Big Ben. +Honestly, I do not know where to put the finger on….but yes they are headed for the Poor House soon if they do not change their spending habits…Hey to invest you need money. Money comes from saving. Saving happens by spending sensibly. +This is a primitive view of whats going on... + +In this kind of pandemic almost apocalyptic phase, what stocks will you want to own, which you will hold on to despite the situation outside? Companies that have survived for 100's of years, or have long history of good business, paying dividends even in dark times... companies like HUL, ITC, Nestle, TCS, Infosys... + +And none of these companies have a single debt paper issued! + + +Most of debt issues are simply given out by NBFC companies! It no coincidence that Mutual fund industry in the country boomed along with the debt fund industry. Several larger established corporates also jumped into the NBFC party and launched "capital" companies offering loans this and that at a relentless phase. AMCs launched fund after fund just to lend to other NBFCs (in reality - among one another) in frenzied unsustainable expansion phase! + + +Its crazy to note how much money was sunk into credit risk funds. The literal meaning of credit risk is: your money is at risk, still some of these funds piled up AUM of 10,000 crores! + +If there ever was a detailed investigation with subpoenaed records of communications between one AMC/NBFC head or manager with another, the whole truth will come out and it wont be pretty at all! + +At this point its safe to assume Indian debt fund market is well and truly dead. +Hello IndiaInvestments, coming here after being moderated out by FireIndia, + +Am looking to move, and have begun checking the options of leasing a house for 3 years, as opposed to renting. + +I found leases for houses in the range of 20L-25L. The rent for similar houses in the market is about 35k pm. + +I'm calculating the opportunity cost of the lumpsum at around 10%. For a 25L lease, that's 2.5 L a year, or about 21k. If there are no HRA benefit on this, I will add 30% to this amount, and it comes to 28k per month. + +This, while being cheaper, would also free up the monthly rent cash flow, and insulate against yearly rental hikes. + +I have a few quesitons: + +1. What is the tax treatment for living on a lease? Is there any HRA type tax deduction? + +2 ) Tell me if I'm missing something in my assumptions. + +&#x200B; + +Edit: Thanks all! You've swayed me away from this. As some users rightly pointed out, this is risking a huge corpus, for a few thousands every month. Also, I looked into registration, and to be fully above board, you need to pay stamp duty of 6% on the security deposit. That itself breaks the entire (flimsy to begin with) math. + +Thanks for all your comments! +As always DYOR! Not sure if it has been mentioned or not but I think this project will be huge. The tokenomics are sick (deflationary), it's got excellent partners, the AR stuff you can do with it looks kinda neat too. The marketcap is still small (was 360M 2 days ago). Best part: you don't even have to know what crypto is to buy their NFTs via their VeVe app, paving the way for wider adoption. It's only on a few exchanges now, but it's going on Uniswap soon, where I imagine the price will surge. + +VeVe app (uses OMI tokens): www.veve.me + +Edit 3: I'm poor a.f. and my student debt would really thank you if you used my BitForex's referral, and it helps you as well so double-whammy :D + +BitForex invitation code: 2578191 + +BitForex invitation link: https://www.bitforex.com/en/register?inviterId=2578191 + + +Edit 2: Thank you stranger for my first reddit award + +Edit: You can buy it off bitforex +My husband and I married out of high school and had a baby at 20. We made some poor choices and both dropped out of school. + + + +We were barely able to make ends meet, working minimum wage part time jobs. + + + +I applied for SNAP, WIC, and Medicaid. We worked opposite shifts (I took days, he worked nights) so we wouldn’t need daycare. And we survived the first year. When my son was a year old, I filled out FAFSA and got a PELL grant with additional exceptional need assistance. I quit my job and went to nursing school. When I graduated, my husband went to technical school. + + + +We are now financially comfortable and able to support our family and pay back into the system. We made it out of poverty by using the social safety net. That was our one saving grace. + + + +There is no shame in using these social safety net programs. +Hi all, + +I'm wondering whether its still generally expected that the big 5 banks will follow Disnat and National Bank on offering commission free trading. I've been holding out on switching to National Bank in hopes that the big 5 will follow, but the pressure doesn't seem to have had much of an effect to date (aside from big 5 offering sign up free-trade offers). + +Any thoughts? +Edit: + +HT u/PristineTangerine for previous post now approved. I saw referral link in there and removed preemptively. Apologies and thanks! Please refer to that post instead. + + +Please note there have been at least two posts for wealthsimple's upcoming zero commission platform. + +The links have been removed as they are referral links. Not allowed :) + +Here is the clean link: + +https://www.wealthsimple.com/en-ca/trade +TLDR + +BCG = 💩💩💩 + +Overpriced consultants and executives were, without a doubt, trying to destroy Bed Bath and Beyond. If not for GME chairman, ~~Warren Icahn~~ Ryan Cohen, coming to the rescue, this would likely have happened... and they would have gone the way of Sears, Toys R' Us, Circuit City, Blockbuster. + +-------------------------------------------------- + +I thought this post by u/halfconceals might have a place here. They did not have enough Karma to post it. + + +-------------------------------------------------- + +"Hi GME friends, this is a post mainly about BBBY but relevant here because of Ryan Cohen. (Not financial advice.) + +During FY2021 (ended Feb 26, 2022), Bed Bath burned through almost a billion dollars in cash. This included approx. $589M spent on share repurchases of BBBY and approx. $354M spent on capital expenditures. This leaves the company with only $470M cash on hand, less than 1/3rd of what it had at the start of last year. Meanwhile, it has about $5 billion in liabilities. + +Source: 10-K, page 46. + +The evidence that Bed Bath is trying to kill itself and steal from its shareholders is this sentence from the recent 10-K: + +Capital expenditures . . . for Fiscal 2022 are projected to be approximately $390.0 million to $410.0 million. Our capital expenditures in Fiscal 2021 were related to digital and omni-channel capabilities, store remodels and investments in technology across a number of areas including supply chain, merchandising and finance. -- 10-K, Page 35. + +That means the company is planning to spend about 90% of its remaining cash within the next year. Bed Bath netted only $17M from operations last year. So this plan to spend the remaining cash is utter bullshit. Its like using your emergency fund to repaint the house. I fully support Ryan Cohen in holding these a-holes accountable. + +Bed Bath can be transformed by finding a buyer for buybuyBaby. Price discovery from an offer on Baby should allow the share price to return to a fair level after massive shorting during an historic share buyback. This will permit Bed Bath either sell Baby to raise cash, or else sell stock just like Gamestop did last year. It would completely transform their balance sheet. + +If the a-holes at Bed Bath resist Ryan's plan, they should face personal liability by shareholders for corporate sabotage. + +(Oh, and did I mention that the float on BBBY after the share buyback is about 24M, of which RC owns about 9M and the remaining 15M are reported short? 🌶🌶🚀 NFA.) " +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +I am filling in for our good friend u/Parsnip today and tomorrow! Fuckery abounds, but we know how this story ends. My hands are diamond, and I know yours are too friend. :) + +Today is Thursday, August 5th, and of course you know what that means! Join other apes around the world to watch low-frequency updates from a single German exchange! + +🚀 Buckle Up! 🚀 + +US Premarket is [open!](https://finance.yahoo.com/quote/GME?p=GME&.tsrc=fin-srch) 🚀 + +* 🟥120 minutes in: $147.10 / 124,30 € +* ⬜️115 minutes in: $147.16 / 124,35 € +* ⬜️110 minutes in: $147.16 / 124,35 € +* 🟥105 minutes in: $147.16 / 124,35 € +* 🟥100 minutes in: $148.01 / 125,07 € +* 🟩95 minutes in: $148.05 / 125,10 € +* 🟩90 minutes in: $147.99 / 125,05 € +* 🟥85 minutes in: $145.92 / 123,30 € +* 🟥82 minutes in (sorry!): $146.00 / 123,37 € +* 🟥75 minutes in: $146.30 / 123,62 € +* 🟥70 minutes in: $146.86 / 124,10 € +* 🟩65 minutes in: $148.19 / 125,22 € +* 🟥60 minutes in: $144.73 / 122,30 € +* 🟥55 minutes in: $145.21 / 122,70 € +* ⬜️50 minutes in: $145.86 / 123,25 € +* 🟩45 minutes in: $145.86 / 123,25 € +* 🟥40 minutes in: $145.80 / 123,20 € +* 🟥35 minutes in: $145.86 / 123,25 € +* 🟩30 minutes in: $145.98 / 123,35 € +* 🟥25 minutes in: $145.88 / 123,27 € +* 🟥20 minutes in: $146.92 / 124,15 € +* 🟥15 minutes in: $147.16 / 124,35 € +* 🟥10 minutes in: $147.22 / 124,40 € +* 🟩 5 minutes in: $147.69 / 124,80 € +* 🟩 0 minutes in: $147.66 / 124,77 € +* 🟥 US close price: $146.80 / 124,05 € *($146.00 / 123,37 € after-hours)* + +FAQ: I am not as fancy as our friend u/Parsnip; I am just checking the price on [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) and converting to USD in Google. Today's euro -> USD conversion ratio is 1.1830. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I figured they'd be more receptive if I spent a bunch of time on something rather than just sharing a link to drsgme.org + +Edit: it’s obviously unfinished, and this is not my expertise. So, I would love to open this up for anyone with more experience to work on! Let me +Know if that’s something you individuals would be interested in + +edit2: Here is the link with the finished (and much shorter) piece!! +https://www.reddit.com/r/Superstonk/comments/uiwdxb/i_recently_posted_a_long_presentation_intro_dd/ + +&#x200B; + +[https://drive.google.com/file/d/1vNeXIRF1txaWxWcJWHJ7SexIH-aku\_iS/view?usp=sharing](https://drive.google.com/file/d/1vNeXIRF1txaWxWcJWHJ7SexIH-aku_iS/view?usp=sharing) +I'm interested in your philosophy about assignment while running The Wheel. I see a lot of posts here and on r/options where it seems like the intent is to get assigned on the first go, or at least to hold to expiration, and I would like to understand that better. + +I'm not against assignment, but it's kind of like winning second prize in the beauty contest to me. + +I worry about the opportunity cost for holding a full 60-45 DTE. I worry about the dark side of assignment: buying a loser. When I pay $20/share for something that is only worth $17/share, I know that's going to nag at me. I freely admit its psychological, since I can write covered calls at $20 forever and make bank, but if the underlying never gets close to $20 again, or worse, just continues to decline, I can't shake the feeling that I'm the sucker in this deal. At least until I've written enough covered calls to break even. + +What does not nag at me is a Wheel that keeps churning out 50% of max profit earlier than I expected. Given a choice between holding for 45 days and winning $100 vs. holding for 15 days and winning $50, and then another 15 days and another $50, and then another 15 days and another $50, I'll take the 50% bet every day and twice on Sunday. +My little brother passed and my father is legally his executor. He had around $40,000 worth of credit card and personal loan debt. He only has around $10,000 in his bank accounts with no property or other assets. His retirement and life insurance accounts had beneficiaries listed so it’s my understanding they are kept separate from the estate. + +What will happen when creditors start to reach out to my dad and we run out of money in his estate as we’re making payments? + +My brother passed in California. My brother had an estranged spouse in which he was in the middle of filing for divorce from. Will she be liable for part of his debt knowing that California is a community property state? + +I am looking into hiring a probate attorney to discuss as well. + +Please let me know if there is a better sub Reddit for these questions. Thank you so much in advance. + + +EDIT: Thank you everyone for the answers and information. This is super helpful especially at time where it’s difficult for my family to even get out of bed. I’m going to be consulting with a lawyer on what would be best for our family and his estranged wife given the situation is a bit unique. Much love to all 🙏🏽 +How often do we get to see a stablecoin go to zero? + +[Well here is one!](https://preview.redd.it/95n3isj6j4p81.jpg?width=1070&format=pjpg&auto=webp&s=d5539fed62a58d730f582b20b15b2f44845df3a5) + +Cashio is an algorithmic stablecoin that was just exploited due to an infinite mint bug and the value crashed + +[Team's statement](https://preview.redd.it/s49mvq08j4p81.jpg?width=1186&format=pjpg&auto=webp&s=05113e0defddbd9242d908fd985ad278d002ae2a) + +The team has asked people to withdraw funds after the exploit has drained all value from the project after the infinite mint exploit. + +An infinite mint allows a hacker to mint literally an infinite amount of stablecoins, thus crashing its value. It's incredible a stablecoin has this kind of exploit lurking in its code. Whats the whole purpose of a stablecoin isnt it.. to ensure its supply is controlled and pegged to USD + +[View from another angle...](https://preview.redd.it/57ytq79cj4p81.jpg?width=946&format=pjpg&auto=webp&s=6e049262b39b3708591e818d36b7fda78107781a) + +Anyone holding funds in the stablecoin just lost all of it. Hopefully no one here got burnt on this. Shows the risk of algorithmic stablecoin +Hi, so my broker is being very inconsistent with his messaging. From day one he say we would have no problem getting this loan and it's almost guaranteed to be approved. + +Last week he said it was with LMI and it was being held back because my partners new employment. + +LMI then didn't approve the application as she started a new part-time that she hasn't had previous experience in. + +Yesterday they said 'you will get three offers tonight' + +Today I got a message saying they need more times to do the numbers to make it work....and it can be another five days. + +The financial clause ends Monday. He is requesting a extension however I doubt we are going to get it. + +Honestly, does it really take this long? Can LMI not approve a application because of change of employment even though the bank approved? +Hi Reddit, + +Throwaway here for anonymity, to set the scene: + +Fiance currently lives in a rental and is the primary person on the lease. Due to circumstances, her dad has since moved in with her and has split rent costs. + +The dad has since come into work and money (not a lot, but at the same time not a paltry amount). + +It appears he is sending money overseas to scammers with the promise of a new life, money, etc etc (you know the usual crap). + +However my fiance is struggling for food and bills because he is not helping her with the bills and instead spending exorbitant amounts of money on these scams (he thinks they are real) or on hobby items that are crazy expensive. + +Any advice? + +I've asked a few people here and there and the census is that nothing legally can be done and that he would have to be willing to accept help. + +Has anyone experienced this or had advice that could help? + +Minor backstory (to prevent this identifying me), I currently live separately to fiance for personal reasons (as much as I want to move in with her asap) so the best I can do is send her money for bills and food etc as I can, however this also stretches me too. +I will be quite frank here, I believe the Reddit IPO will be the end of this sub as we know it. I may be wrong, but I will guage the feel after IPO, and if either one of the following happens, I'm just going to delete my account and the app and continue to hold in silence.. + +1) the FUD gets to a point where it's abundantly clear that the flood gates, or should I say FUD gates, have been opened + +OR + +2) The new feel of Reddit is that of a more censored platform + +I encourage all of you fellow Apes to send a message that is very clear to the folks running this company by deleting your account AND the app if it gets to the point where we can no longer maintain a sub like this. + +Edit 1: A fellow sub user asked me to share this Discord chat as at least a way to have communication with fellow Apes if shit were to hit the fan, so I will reluctantly post it here, https://discord.gg/eJYW3SHB ,but to be fair and unbiased, I must say that I would rather see the mods set something up or atleast support and get behind a certain alternate. +Would love to hear your opinions. Seeing a lot of videos recently (tcruz as an example) of people buying cheap properties in the Midwest for 30-40k and then renting to section 8 for 1200-1300/month. + +Anyone have experience in doing this successfully? I’m sure those gurus are trying to sell courses. But it can’t be that easy? If it were that easy a lot of people could do it. +Hi, beginner trader here. I started taking interest on trading since the beginning of the year and finally started my trading journey on 15th March '22. I just wanna post my accomplishment and really want to share a few things to people like me who thought trading was fast and easy money. And professional traders who's willing to read this post I hope you can give me some advise as well if I'm doing anything wrong. Please note I don't have much money and profits are small compared to you all. Current winrate is 67% on 400 trades total. Deposit looks weird cuz of foreign currency + +[My gain after 2+ months of trading](https://preview.redd.it/og6bvnv3vf291.jpg?width=1080&format=pjpg&auto=webp&s=478dd2f298ce8c665b0a776a0939b1bd6bb950d0) + +These are few important things I wish to warn you all when beginning to trade. + +1.) Better not(Never) join Trading Signals groups + +I joined a few trading signals group since the start of my journey. They can charge you (ex.$50) to be in their tele group and they'll give you signals that don't even work when I followed it. Even when my trades closed at SL, they posted images of their signals working and showing profits. I noticed that they've only earned a few pips(+20,+50) and closed to show that they earned a profit. You can see on my next image below showing losses until around 12th April + +Then just a few weeks ago, listening to a forex podcast in Spotify explaining that these "Signal Gurus" only profits they get are the money that they charged us. Most of these gurus posting their profits are most likely using a demo account with huge capital showing huge profits only when they actually got their analysis right. So don't be fooled! I'm not saying all trading groups are bad but be wary with which signal groups you are in. + +2.) Don't rely on TradingView Ideas + +TradingView Ideas gives traders opportunity to post ideas(predictions) to how the market will react. Just remember, these ideas are posted by retail traders who are also like us. They too have trading ideas that could be wrong so don't always follow what others think. I don't follow their ideas anymore but I still do check it from time to time to see if others have the same analysis as mine which helps with my confidence in my analysis. I do recommend a user Lingrid because her analysis sometime supports mine and I do follow her ideas if it make sense to me :V + +3.) Read a book + +Indeed for de love of god read any forex books. I failed so many trades in demo until real account. I don't know whether any other way works. I can only pick up a few things on Youtube but after reading only one book it helped me in this journey. I only read two books so far, "Chart Pattern Analysis by Fred KH Tam", "Behind a True Trader by Siaw Jun Kit". Highly recommend reading Behind a True Trader because it teaches me that Forex shouldn't be complicated. The trick is to fundamentally think how the market will react while applying your technical analysis imo :/ + +4.) Use your own strategy + +Everybody has their own strategy on trading. Some strategy will work for you and not for others. My strategy is quite simple, since I don't have the time to constantly look at the charts on 5m,15m charts I consider my trades to be on the 1H, 4H charts. Which means I have to be patience to see profitability. Good thing to know is that there's a time for volatility in the market. Most Volatile in my experience is the first few hours and the last hour of London time. You can check the time zone of sessions on babypips.com + +I don't trade on other sessions(US,Japan,Australia) because i don't have time for it and also its time to sleep. I only start looking at the chart few hours after London session opens to see how the market moves during the day. Only then I'll consider whether to put in a trade or not. Then I'll close when I see any reversal pattern forming or if it breaks its current resistance/support. + +5.) Always put SL no matter what + +Nuff said, if market goes against you RIP capital + +[Losses till mid April due to relying on other's signals](https://preview.redd.it/nze7s9zf1g291.jpg?width=1649&format=pjpg&auto=webp&s=1b6c6a51c3aefdcf6c0904e42b1d3fab5e5072e9) + +Hope these helps! +Hi, beginner trader here. I started taking interest on trading since the beginning of the year and finally started my trading journey on 15th March '22. I just wanna post my accomplishment and really want to share a few things to people like me who thought trading was fast and easy money. And professional traders who's willing to read this post I hope you can give me some advise as well if I'm doing anything wrong. Please note I don't have much money and profits are small compared to you all. Current winrate is 67% on 400 trades total. Deposit looks weird cuz of foreign currency + +[My gain after 2+ months of trading](https://preview.redd.it/og6bvnv3vf291.jpg?width=1080&format=pjpg&auto=webp&s=478dd2f298ce8c665b0a776a0939b1bd6bb950d0) + +These are few important things I wish to warn you all when beginning to trade. + +1.) Better not(Never) join Trading Signals groups + +I joined a few trading signals group since the start of my journey. They can charge you (ex.$50) to be in their tele group and they'll give you signals that don't even work when I followed it. Even when my trades closed at SL, they posted images of their signals working and showing profits. I noticed that they've only earned a few pips(+20,+50) and closed to show that they earned a profit. You can see on my next image below showing losses until around 12th April + +Then just a few weeks ago, listening to a forex podcast in Spotify explaining that these "Signal Gurus" only profits they get are the money that they charged us. Most of these gurus posting their profits are most likely using a demo account with huge capital showing huge profits only when they actually got their analysis right. So don't be fooled! I'm not saying all trading groups are bad but be wary with which signal groups you are in. + +2.) Don't rely on TradingView Ideas + +TradingView Ideas gives traders opportunity to post ideas(predictions) to how the market will react. Just remember, these ideas are posted by retail traders who are also like us. They too have trading ideas that could be wrong so don't always follow what others think. I don't follow their ideas anymore but I still do check it from time to time to see if others have the same analysis as mine which helps with my confidence in my analysis. I do recommend a user Lingrid because her analysis sometime supports mine and I do follow her ideas if it make sense to me :V + +3.) Read a book + +Indeed for de love of god read any forex books. I failed so many trades in demo until real account. I don't know whether any other way works. I can only pick up a few things on Youtube but after reading only one book it helped me in this journey. I only read two books so far, "Chart Pattern Analysis by Fred KH Tam", "Behind a True Trader by Siaw Jun Kit". Highly recommend reading Behind a True Trader because it teaches me that Forex shouldn't be complicated. The trick is to fundamentally think how the market will react while applying your technical analysis imo :/ + +4.) Use your own strategy + +Everybody has their own strategy on trading. Some strategy will work for you and not for others. My strategy is quite simple, since I don't have the time to constantly look at the charts on 5m,15m charts I consider my trades to be on the 1H, 4H charts. Which means I have to be patience to see profitability. Good thing to know is that there's a time for volatility in the market. Most Volatile in my experience is the first few hours and the last hour of London time. You can check the time zone of sessions on babypips.com + +I don't trade on other sessions(US,Japan,Australia) because i don't have time for it and also its time to sleep. I only start looking at the chart few hours after London session opens to see how the market moves during the day. Only then I'll consider whether to put in a trade or not. Then I'll close when I see any reversal pattern forming or if it breaks its current resistance/support. + +5.) Always put SL no matter what + +Nuff said, if market goes against you RIP capital + +[Losses till mid April due to relying on other's signals](https://preview.redd.it/nze7s9zf1g291.jpg?width=1649&format=pjpg&auto=webp&s=1b6c6a51c3aefdcf6c0904e42b1d3fab5e5072e9) + +Hope these helps! +This frankly frustrates me to no end. This is proof that there is no regulation or “rule of law” to follow when it comes to our traditional financial system. + +NatWest, one the UK’s biggest banks was just fined $349M after assisting to launder over $483 Million with a single client. No jail time, no public apology, no court hearing and certainly no punishment as that is a drop in the ocean compared to their annual revenues. + +JP Morgan was also just fined $200M for illegally conducting official business via end to end encrypted apps thus evading audits and compliance. + +Now as an average citizen, how am I chased to report every single dime I make and forced to meticulously track my measly Crypto portfolio? Is this fair and right? How can I accept any form of Crypto regulation by the powers at be when they can’t even abide by their own laws? + +This is insane. +So much of our investing depends on the prevailing short term and long term interest rates. I've listened to so many newspaper people and financial economists promising higher interest rates in the future. + +Reality, we have been in a secular declining interest rate atmosphere since 1981. Aging populations, increasing levels of debt and lower levels of productivity vs previous decades are contributing to this (see Japan as a case study). + +My investments bank on lower interest rates in the medium future. As a good investor, I want to check my blind spots. I want to know the counter argument for higher interest rates in let's say 5 years. Looking for all responses, but if you say inflation let me know why CPI (not asset inflation will be still increasing in fives years, rather than just this year). **To be clear: I want to know why you think interest rates will be higher in 5 years than now since I strongly believe interest rates will be low and continue lower?** +Hi there, + +I’ll start by saying I’m very new to investing and money management. Up until now I have not been serious about my money and have been frivolously spending. The pressure of not having my future figured out has built up and I’m very eager to get my money working for me. The recent news of Apple’s stock split got me intrigued and I’m ready to do something about my situation. + +**My Situation**: + Age: 36 + Income: $94,000 gross, $2700 net per paycheque + After expenses: $1000 to save/invest per paycheque + Debt: None + Homeowner: No + Investments: None + TFSA: None + RRSP: $22,000 in Tangerine RSP Savings Account + Emergency Fund: Goal is $13,000, currently at $3,200 in Wealthsimple Smart Savings account + +**My Plan**: + +1. Focus on building emergency fund to get it to $13,000 +2. Move my RRSP to be self directed. +3. Buy Apple stock in self-directed RRSP. I feel comfortable with 2-3k +4. Put the other 20k in my RRSP to work. I could use some low to moderate risk recommendations here. +5. When I’ve established my emergency fund, focus on maxing out my TFSA and really start putting my money to work. + +**Questions**: + +1. Am I on the right track? Hahaha +2. Is Questrade the best place for a self-directed RRSP? Does Wealthsimple offer this? +3. I believe Apple is low dividend and would be fine to hold in my RRSP, am I wrong? Is holding a US stock a bad idea in my RRSP? Are conversion rates going to kill me? +4. Is Apple a bad place to start with my level of knowledge? Should I not be looking at the split as an opportunity for me to get started? I want to add that I believe in the company and would love to be invested in it. +5. In the next 5-10 years I could be in a position to buy a home . I would pull out my RRSP for this as a first time home buyer. How does my plan work in this situation for you? +6. What do you recommend I do with the other 20k in the self-directed RRSP. Overall I'm looking for long term growth. + +Thank you very much for getting this far. I’d love to hear your opinions. + + +**🐵\~\~\~ $BAPE \~\~\~🐵** + +&#x200B; + +Currently sitting at 1.4 Million MC, with a chart that is ready to take off when the new marketing plan hits [.](https://imgur.com/a/5lJQts4) + +&#x200B; + +BabyApeCoin is a next generation reflection token on the Binance Smart Chain. BabyApeCoin holders are rewarded in native token reflections that are based on volume, and your token holding percentage. We have chosen a reflection token over a reward token since it wont need any contract selling, other than marketing for marketing funds. Reflections also encourage people to hold since they can grow their investment passively. + +&#x200B; + +In our short term goals, we will be releasing our own and exclusive BabyApeStrollerClub collection. Holding a BASC NFT will grant you access to exclusivities that are yet to be announced. + +&#x200B; + +The team behind this token, as well as the NFT design and development process are seasoned veterans in the Crypto Space, with years of trading, marketing, and development experience. + +&#x200B; + +Join the Telegram to meet the team and community! Follow our socials to keep with important updates and advances with the project! + +&#x200B; + +**⚖️—Token Info—⚖️** + +&#x200B; + +**CONTRACT:** + +0x28c2e54f048f2440a5affd8a703b10a56da76ba5 + +&#x200B; + +Transaction taxes: 10% on buys | 14% on sells. + +&#x200B; + +Reflections: + +Rewards distributed to holders. + +1% buy | 2% sell + +&#x200B; + +Marketing: + +Funds sent to marketing wallet. + +2% buy | 3% sell + +&#x200B; + +Liquidity Pool: + +Raising token liquidity value. + +6% buy | 8% sell + +&#x200B; + +Development Fee: + +Percentage towards further development. + +1% buy | 1% sell + +&#x200B; + +Chart: [https://www.dextools.io/app/bsc/pair-explorer/0xd54e28d1c7d6c52352b3670fb8de90829aa16244](https://www.dextools.io/app/bsc/pair-explorer/0xd54e28d1c7d6c52352b3670fb8de90829aa16244) + +&#x200B; + +Find us Online: + +&#x200B; + +☎️Telegram: [https://t.me/BabyApeBSCPlay](https://t.me/BabyApeBSCPlay) + +🌎Website: [https://babyapecoinbsc.com/](https://babyapecoinbsc.com/) + +🐦Twitter: [https://twitter.com/BabyApeCoin1](https://twitter.com/BabyApeCoin1) + +📸Instagram: [https://www.instagram.com/babyapecoinofficial/](https://www.instagram.com/babyapecoinofficial/) +Hello! I had a surgery done back in late July, it was for a medically implanted hearing aid. This was not a cheap procedure, it was roughly $50,000. Prior to the surgery, I got the go ahead by my insurance, they said the provider was in network and I have the paper documents from them stating this was a medically necessary procedure. + +Flash forward to September 1st, I get a letter from my insurance company stating they retroactively denied my surgery on the basis that it was “not medically necessary,” and the rationale they used was “hearing tests were not submitted, therefore this procedure was not medically necessary.” The first thing I did after receiving the letter was contact my doctor’s office, who was also my surgeon. + +My doctor’s office, and the surgery department both submitted all the records they had with me as their patient, ever. I felt pretty confident this would do the job, considering the rationale was there were no hearing tests submitted. Well this takes us back to yesterday, the 4th of October, I get a call from my insurance company saying they denied my appeal, and I’ll get a letter in the mail in 10 days stating why the appeal was denied. + +I contacted my doctor’s office today to notify them of the decision, but I have not yet heard back, it went to voicemail. I’m not sure what to do next. I’m 21, I’ve paid off about $30,000 in debt the past year and a half, and I literally only have $1,600 left, planning on being debt free this month. + +I’m not sure what step I should take next. Will my doctor’s office likely be able to do anything else? Is it time to start talking to, and getting an attorney involved? In the case I’m screwed, and I actually have to pay this bill, will the doctor’s office likely bill me the full $50,000? They really don’t teach you how to deal with situations like this in school, any help or advice would be greatly appreciated. + +Edit: I live in Missouri, surgery took place in Kansas by a doctor who’s primary office is in Missouri if this information is of any use. + +TLDR; my health insurance retroactively denied a $50,000 surgery, then denied my doctor’s appeal, and now I’m not sure what to do. +Why would one invest in high dividend paying stocks instead of lower or not at all dividend paying stocks? + +I have done a bit of research and it seems there’s a trend with high dividend paying stocks. A great deal of them seem to have a decreasing yearly return (price of the stock decreases year after year) or just doesn’t grow very much (<5% annually). Wouldn’t your initial and future investments in the those stocks decrease in value or just not grow very much despite acquiring dividend? + +Wouldn’t you portfolio grow larger and thereby “make more money” by investing in ETF’s or stocks with a significantly higher yearly return? + +I would love to rearrange some of my portfolio to high dividend paying stocks but I’m a bit lost as to why it would be a good idea. Any help is appreciated! +Seeing Charles educating Mark Cuban regarding Cardano’s blockchain development; to Elon Musk tweeting regarding fossil fuels usage on bitcoin mining, it just show us that everyone is just learning in the space. Being a millionaire or billionaire doesn’t make anyone’s idea more superior than others. DYOR while sticking to yourself and what you trust! +How do you get over comparing yourself to people more successful to you? I know that this is an endless game but can’t seem to keep looking at the next person above and the next.... How do you just ignore it if your someone with a competitive attitude? +Mods have crumbled, Shills have breached the walls. + +ALL THAT MATTERS is the DD! Its the reason they are trying to split everyone up. To stop people figuring everything out and telling each other. + +[Here is a link to a 670 page PDF doc](https://www.dropbox.com/s/0me5bzdqze94xu0/GME%20DD%20BACKUP%20July7.pdf?dl=0) I found a week or so ago (the link has now been deleted) but I saved it and have reuploaded here. + +Download and spread as far as possible. + +EDIT: If you wanna have the actual URL it is here:[https://www.dropbox.com/s/0me5bzdqze94xu0/GME%20DD%20BACKUP%20July7.pdf?dl=0](https://www.dropbox.com/s/0me5bzdqze94xu0/GME%20DD%20BACKUP%20July7.pdf?dl=0) + + +EDIT 2: Try a Google Drive link +[https://drive.google.com/file/d/1mwIeNNzH1sHH\_OOIiELKiWrA-7scCoQf/view?usp=sharing](https://drive.google.com/file/d/1mwIeNNzH1sHH_OOIiELKiWrA-7scCoQf/view?usp=sharing) +Credit: [https://twitter.com/zachxbt/status/1516129830873583617](https://twitter.com/zachxbt/status/1516129830873583617) + +Here is a list of some influencer price for a shill tweet/retweet or a package deal. Imagine having to pay Lindsey Lohan $25k for a shill tweet for your shitcoin lmao. Most of the people on here do undisclosed tweets, so they don't say ##ad on their tweets which i think is a crime. + +https://preview.redd.it/eg6img547gu81.png?width=1282&format=png&auto=webp&s=f7e2f231bdf21fcf266409fc56d7c84cefb18de5 + +https://preview.redd.it/12xzy6o88gu81.png?width=1284&format=png&auto=webp&s=3dc72aec2af297fd436d70b61e68cdd50def9ff5 + +https://preview.redd.it/3jy4z2rd8gu81.png?width=1284&format=png&auto=webp&s=f3ba3bb16b7e2690c944401fff3ec6cbbfa6fec8 + +How shit of a human do you have to be to retweet rugpulls for only $10-$20 by the way. Utterly embarrassing. If you guys ever see any tweets promoting a shitcoin from these accounts, please know that they are being paid to push that shit to you and you will probably lose your investments! +I’ve been a long time lurker in this forum and sadly more degen subreddits too. What I’ve found is it’s such a HUGE educational opportunity and thank you to those that contributed positively and shared their knowledge. + +I’ve been a trader since 2014 - well I say trader, up until 2017-18 I was thinking RSI is the holy grail and getting wrecked repeatedly. + +In 2020 covid hit life pretty hard and after bouts of depression and almost losing everything to lack of income I really got my head down reading books and educating myself. + +Surprisingly the eye opener for me wasn’t books about trading methods and the secret gold mine but more so books about psychology of trading and realising you have to find your own edge. What works for others might not work for you. + +When I started to understand this my whole life took a different direction. + +I’m finding now I’m more consistent and feel more tuned to the market. I’m more patient and understand you have to let those winners run and don’t average into a loser ! + +Thank you so much guys for the awesome content you post and hopefully if I can pluck up the courage I’ll share more ! :) +I honestly don't care about HODLING crypto (more power to all of you though). + +I was forced into it because I was losing so much money from traditional banking. + +Background: I get most of my income from marketing clients abroad (I manage digital ad campaigns). Paypal/Swift used be the default method to get paid because it was ubiquitous and honestly quite easy to use for clients. + +But Paypal charged me A LOT. + +* They take a cut from each payment I get from each client +* Then they take another cut to convert those funds (ie. USD, AUD) into my local currency +* Finally they charge me to transfer funds to my bank account +* There's no interest or staking on any funds I leave and don't transfer to a local account + +This happens to each client and for each payment. All these fees and extra charges each month easily add up to $150-$300. + +For context, this is how much $300 is worth in my country: + +* I can get **6 weeks' worth of groceries** for my 5-person household +* It's almost **50% higher** than our minimum wage +* It's equal to **more than half** what a young professional earns each month in their 1st job +* I can eat 98 Big Macs + +Now, I get paid in crypto (not all, but a big chunk). It's mostly XRP because it's easy to withdraw here and the fees are next to nothing. + +I basically get a bonus paycheck every month and I love it. + +I now have less stress because of strict budgets for groceries, can buy actual good quality stuff, and have a bit extra to get a few small gifts every now and then for the people I care about. + +But it also makes me sad because **there are literal millions of people like me** who rely on payments or remittances from abroad to survive. + +$300 might be small time for folks in the US, but it's life changing for us. +I apologise if this is an elementary question, both myself and my husband come from extremely poor backgrounds where almost no one we knew even had a job, let alone donated to charity. + +My husband and I have found ourselves suddenly quite wealthy, after many years of saving and living very frugally. + +We would like to start giving back. + +I earn quite a lot ($240,000 per annum, Professor with a top-up), and propose that for the next year, I donate the equivalent of any residual tax that I pay to charity. This is the first year I’ve earned this salary and my tax is likely to be about 60k before deductions. + +So am I permitted to donate 60k to tax deductible charities and then claim this back at tax time? Is this ‘cheating’ the tax system or a reward for benevolence instead of buying an investment property or more shares? Is there a limit on the extent of charitable donations that one can make per annum? +I'm looking to accumulate a few businesses on the side that are run by someone else (Would manage myself initially since I've learned never to get into anything I don't fully understand). Currently own a lending business (equipment) making about $125K a year and a second business (RE management) that brings in about 100k . I put in about 3 hours. week in first and 5 hours a week in second hours each for a total of 8 hours so not truly passive but I enjoy it. I'm looking to stop work in a few years and this income would be a cherry on top. My main motivation for doing this is to diversify away from my primary holdings Stocks and Real Estate and to use a lot of cash I'm holding (feel like too much froth in stock market) + + Looking into invest into other income generating businesses and wondering what others on here may own more or less passively and recommend. +I don't golf and the whole general scene/vibe isn't for me. But I want to meet and hang out with other (preferably young-ish -- 30s etc.) folks with time and money. + +Like a non-douchey post-college frat I guess. + + +[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!* +Background: Quit my job of almost 5 years back in December. Plan was to take some time for myself before lining up another gig. Starting the new job next week. + +Financial status: Income from my small business makes just enough to cover my expenses. Have a couple hundred grand invested across retirement and brokerage. Own (with mortgage) primary residence & one rental property. Unmarried with no kids, but in a serious relationship and we live together. + +A lot of the things I've experienced during these 6 weeks away from the working world have been eye opening, while also being things people have totally said to me on this sub before. Nevertheless, now that I've lived them they're obviously resonating with me very strongly. + +***Workaholics are workaholics***. I've always been a Type A personality, and despite bountiful dissatisfaction with the job that I left, I have been very motivated in terms of my FI/RE and general life goals, and untiring in terms of pursuing any opportunities that come my way. Sometimes it's stressful to be this way. + +To the surprise of no one, taking 6 weeks off from committed work made this worse if anything. By the time about 2 weeks had passed I found myself having accepted two new freelance consulting projects, telling myself that they were great opportunities to further my skillset and earn some extra money. + +In other words, despite seeing from a distance the mental health benefit of dialing down my relentless pursuit of career and financial success, when push came to shove I was pretty quick to give up on that. + +If I RE someday I see it being a real challenge for me to find purpose. I see myself as someone who will struggle with "one more year" syndrome and moving goalposts because I have so deeply trained myself to seek these things. + +***Social interaction provided by work*** I've seen a lot of people on this sub warn about feeling lonely or understimulated socially after leaving the workplace. This wasn't my experience at all. I'm introverted and I think even after 6 weeks I haven't fully bounced back from the extremely socially drained feeling that my old job left me with. I definitely don't feel ready to start forcibly interacting all day again with people I didn't choose. + +I really enjoyed going to the grocery store and other errands at weird hours when it was much quieter. I didn't notice it taking less time but it felt a lot less overwhelming to me. + +When I envisioned my sabbatical I thought I'd feel super eager to do things with my friends so i overcommitted in advance to all sorts of things, thinking I'd finally feel great about attending them. But when the time came I felt similarly socially wary about doing them as I did when I had a full-time job. I guess this trait is more inherent to me than I previously understood it to be. I previously thought it was more related to job stress. + +***Relationship hurdles*** My relationship was canonical throughout this time period. Maybe it would be different if both partners were on a sabbatical at the same time. There were still the same relationship challenges as always that cropped up. I wasn't magically okay with things that previously bothered me. I didn't magically find it easier to make time for solving difficult relationship problems. Those are just always hard. + +I had these visions of having awesome dinners ready for him when he got home from work in the evenings but this never materialized. I always managed to become busy with other things and find it just as difficult as before to prioritize making healthy homemade food, and by extension, the general frequency and intensity of doing nice things for my partner. + +***Money stress*** I hardly thought about money at all and this was probably one of the best parts of the break. I did some serious planning in advance to ensure I had the correct size cushion of cash. My business has a separate bank account and I made a point of not drawing from it, so I really was living off of savings. I went about my life, hardly thought about what I was spending, logged into Personal Capital maybe once, and didn't bat an eye about the stock market drama the other day. + +I hope if I RE that I will feel similarly confident in my own planning that I can achieve some level of cognitive dissonance about declining money :) + +***Tl;dr / summary*** When reflecting across all of these points and the rest of my time away from work, there is a clear pattern to me. + +As we go through our lives we're wiring ourselves a certain way, and nothing about changing our job situation will magically change our wiring. It won't make us better or different or happier people. I was the same person as always and this was both comforting and scary, but eye-opening most of all. + +If I want to be kinder, more compassionate, less stressed, more mentally healthy, or have better social skills, then I simply have to take direct initiative about these things; waiting for a change in external circumstances is strictly a waste of time in that regard. + +If anything comes from this post, I hope that these words find someone who needs to read them! +Firstly, I'm not a professional but I'm going to try and present the data that shows how Canadian Crypto miners are undervalued. Specifically I will be focusing on HUT and BITF. + +I became very frustrated reading users opinions about these companies while spreading false claims. + +First a starting point because things can change fast. + +BITF market cap 881M CAD with a share price of $6.34 + +HUT market cap 1.18B CAD with a $10.38 share price. + +Now lets start with BITF. There current advertised hash power is 1180Ph. + +[https://ceo.ca/@nasdaq/bitfarms-announces-operating-hash-rate-of-118-ehs](https://ceo.ca/@nasdaq/bitfarms-announces-operating-hash-rate-of-118-ehs) + +The hash power is the processing power they use to mine Bitcoins. We can actually take this number and use an online calculator to find how many Bitcoin they currently mine. + +[https://whattomine.com/coins/1-btc-sha-256](https://whattomine.com/coins/1-btc-sha-256) + +We need to input the hash rate. The calculator only takes the number in Giga hash, not Peta hash so we need to add six 0's. 1180000000Gh + +Doing this we can see they are mining 235 BTC a month and at the current value of $57800 USD that is 13.6Million USD in revenue a month. + +We also know that their gross mining costs (cost to mine) is under $7000 USD per coin or 1.645M USD per month as per this release. + +[https://finance.yahoo.com/news/bitfarms-operating-hashrate-grow-35-120000371.html](https://finance.yahoo.com/news/bitfarms-operating-hashrate-grow-35-120000371.html) + +So we can take 13.6M and subtract their cost to mine of 1.645M and we can see they are currently bottom line $11.95M per month or 143.4M Earnings per year. But don't forget that is USD. SO that's 179.7M CAD Earnings per year. + +881M / 179.7M = P/E 4.9 + +But remember this is all based on the price of bitcoin. Which if you are bullish on bitcoin, well this would be a leverage play as costs to mine do not climb as fast as price in a previous bull markets and it stands true to date obviously by how lucrative these miners are right now. + +[https://coinmarketexpert.com/wp-content/uploads/2019/09/Screenshot-2019-09-02-at-21.28.50-1024x682.png](https://coinmarketexpert.com/wp-content/uploads/2019/09/Screenshot-2019-09-02-at-21.28.50-1024x682.png) + +But wait there is more. BITF has started a program where they keep the bitcoins they mine so they can sell at a later date when presumably bitcoin is higher in price. They expect to have 500 BTC by March 18th and likely have 250 or more currently as per this release. + +[https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00046249&issuerType=03&projectNo=03174630&docId=4889304](https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00046249&issuerType=03&projectNo=03174630&docId=4889304) + +Oh also forgot to add the future expansion of 1.8Ehash by the end of the month. They plan to have 3.0Ehash by the end of 2021. + +And now for HUT, which I've ran out of time and will do later. HUT is equally as good of an investment IMO but may even have an edge due to their large BTC holdings of over 3000 BTC which have only gone up in value massively. +Hey, so starting an resp for my son and just opening an investing account. I understand that the government will give you 500$ a year when you deposit 2500 up to 7500$ total over the lifetime of the account with a total account deposit limit of 50,000. + +There is no annual deposit limit so you are allowed to deposit 50,000 right off the bat , but you would only get 500$ grant money and be 'losing' 7k free money. + + Now since lump sum investing beats out DCA, I would assume just dropping 50k in the account and letting it grow for 17 ish years would be best. I don't think I could do that but I could probably swing 15k ish. Would that be the best strategy?, deposit as much as I can to start then do the 2500 a year thing to get as much grant money as possible? Or am I overthinking this too much and just do 2500 a year and get all the grant money ? + +Planning to invest in just general equity efts or TD e series as this account is with TD direct investing. + +Thanks +Been in the forex market for over a year now. I’ve blown 5+ accounts now. Varying from $100-$300 starting amounts. Each one of those accounts I do well for a few days maybe even a week. Then outta nowhere I get one shit trade after one another and can’t get out of it even if I take a break from the market. Today marks the shortest span I’ve blown my account. Y’all got any suggestions on how to move forward? +I love these insights into how other people approach personal finance and spending. Interviewing someone who has moved back to her parents and isn't working might be the maddest one yet. + +&#x200B; + + [https://www.bbc.co.uk/news/business-52578720](https://www.bbc.co.uk/news/business-52578720) +*A few things to note: +1. This is a free service! +2. Some of you may remember this site from a previous post of mine. I got a lot of great feedback that helped shape tons of dev work since then, and am looking for more feedback now. +3. I just finished out the spam report system as well, which will be greatly useful in protecting the integrity of the data as the system moves forward. Essentially, as users interact with the system and report irrelevant data, the system will learn and get better at determining what it worth taking into account for each security. My hope is that some beta users can help me make the system smarter.* + +Website: **[Quikfo.com](https://quikfo.com/)** +Here's a poster for my thesis on this subject which sort of fuels a lot of the backend: +https://i.imgur.com/RVZxDTP.png + +Basically, I made a system which tracks article headlines & social media posts for the Russell 3000 and some top market-cap cryptos, then keeps track of word association vs next-day performance, and finally uses Bayesian classification to come up with a score for each asset or security, based upon its current headlines, which indicates the likelihood that the price will rise or fall over the next day. + +You can also follow the system on Twitter @myQuikfo, it posts long and short picks every morning at ~8:30am. Please keep in mind this whole thing is in beta though, so when an aspect of my system crashes shit can hit the fan and the twitter may post nonsense. + +The radius of the bubble is the frequency of occurrence of a word, the hue of the bubble is the positive or negative severity (green being good, red being bad). + +The system works quite well so far. Looking back on the SP500, for example, the optimal trading strategy has been to buy at market open and sell at market close anything which is scored >=85. This strategy would have returned ~13.3% trading from 12/1/17 to 2/28/18. + +I'll be building out a full API for developers who want to use this data themselves. An early version is available on the site now with some brief documentation. Please feel free to make use of it and let me know what more you would like to see added to it! + +And yes, I'm aware that some of the positive/negative word associations seem crazy. How can a good word be bad or a bad word be good, one might ask. Well all this does is indicate that when a word appears, it more often than not leads to a specific market movement. One could notice that 'Fraud' is particularly green...perhaps this is because when everyone is talking about fraud, then it's already priced in and may have found a bottom. The question of why can't really be answered by the system, that's more up to the inferences of the user. + +Looking for feedback from the community, please let me know what you think. There is tons of data being collected that I haven't even gotten around to building a front-end interface for. The possibilities are endless and I would love to tailor the project based upon the direction that this, and other communities, would like to see. + +Thank you! +Just saw this article on thehill.com. + +I never thought I’d say this, but I’m very worried about the future of property rights and rental investing in the US. + +Between the never-ending eviction moratoriums, the anti-landlord voting tendencies of what seems to be a majority (and growing) of the pop., and now this - I’m concerned for the future of buy-and-hold rental investments and REI in general. This is what I had planned for my retirement, and it seems like the ability to become financially independent this route is quickly evaporating. + +IMO once these doors are opened, there’s always going to be an “emergency situation” that will “require” these infringements on property rights. + +What say you guys and gals, am I overreacting? +I can’t understand very well, so if I buy a property at 100k and I do some renovations and its worth 200k now and decide to refinance and get my money out, what happens exactly? The bank knows its worth more so they can lend me more money? +I have about 100K on hand, and I own a rental property in south Florida which has appreciated quite substantially since purchase - approx. 50%. I tend towards investing in real estate, but I can't help but feel like the stock market may be a better bet in today's market. Plus, real estate prices are so high now that It almost feels inevitable that prices will fall, or at least flatten out, at some point soon. It's very tempting to sell my unit, invest that money in the market, and survey real estate opportunities *only for those* deals that would be worth it (for the time being). That being said, I do believe in the FL real estate market, and I don't see similar conditions that would lend itself to a true collapse like we saw in 2008. What do you all think? +hello, + +&#x200B; + +let's say I buy a rental out of state and its cash flows. Then the same year I want to buy a home for myself, would it affect me in anyway to obtain a loan? +I recently started selling off out of state properties that had property managers and consolidating locally to manage myself. I just listed and rented my first property through Zillow. It all went fast! I closed on the house 5/12, listed 5/13, leased 5/17. + +The first day I posted on Zillow I received a message letting me know someone was renting my house through Craigslist (for $1000 less) with a California number. They had just used all my info and placed the exact add on Craigslist. I flagged the ad, emailed the guy and had it shut down. + +Next I was at the already rented house getting it ready when a woman drives up, parks and starts looking in the window. When I asked her if she needed anything she said "the guy on the rent to own website said to come look at it". I told her she was being scammed and it was lucky I was there to let her know. + +This week a friend was trying to rent a townhome in her complex for her parents to stay while helping with her newborn. Her neighbors warned her that the guy won't actually rent the place. He just posts it on different sites, collects the application fees and when the listing expires he moves to another site. It never occurred to me that this could be a scam, but it makes sense. Collect 3 fees a day and make more than you would renting it. + +It's hard to handle how unfair the entire rental market is right now. Everyone is charging fees, places are hard to get and people are applying for multiple places for hundreds of dollars and getting nothing. The US is a very expensive place to be poor. Application fees should be illegal! +I’ve been with my current account bank for over 20 years (NatWest). Never had any fraud issues. Now I have had 3 separate fraud issues of my card being used online. + +1. 28th January on a random website +2. 1st March at Aspers (Google tells me a casino, I guess their online part) +3. 1st May - PaddyPower (gambling site) + +After each time I get the money back and a new card. The first time I thought could be anything, second time was 30 days for my card to be compromised again - when I only registered it on the lottery site and Amazon. And when I go to account there it only shows the last 4 digits. + +When asking NatWest how it can keep happening they don’t really have any answers. I’m stumped too. I’m thinking of moving banks to see if that helps. +**1) In January, Bosch meets at an IoT initiative in Berkeley, CA with ConsenSys, Chronicled, Ledger (who just got a $7M round of funding), plus other huge names that are already on board with the EEA.** + +"The initiative was motivated by the leaps made by startups and large, blue-chip IT firms in deploying blockchain-registered tamper-proof hardware for various use cases and making new blockchain-based software systems available to enterprises." + +http://www.prnewswire.com/news-releases/startups--enterprises-launch-blockchain-iot-protocol-initiative-300397954.html + +**2) Bosch ConnectedWorld 2017 in Berlin, March 15th, 2017 -- Keynote by Dr. Volkmar Denner, Bosch CEO.** + +“Of course, we are not interested in Bitcoins, but if you understand this technology in a little bit more detail, you easily recognize that it can be used for something completely different, which is highly relevant for our IoT strategy. ***Namely, we can establish smart and secure contracts*** between individual human beings. We can protect the identity of products, for example for counterfeit solutions. We believe blockchain is very important also to reduce the dependency on platform providers.” + +VIDEO: https://youtu.be/KeXPnlrqu5k?t=4m + +**3) Drill into this tweet and check out the graphic:** + +https://twitter.com/BoschGlobal/status/844886898963337216 + +**4) At the very same conference, Bosch + Nvidia announce a joint project:** + +"The Bosch AI car computer system will be based on next-generation NVIDIA DRIVE™ PX technology with Xavier, the upcoming AI car superchip, the world's first single-chip processor designed to achieve level-4 autonomous driving." + +http://nvidianews.nvidia.com/news/bosch-announces-ai-self-driving-computer-with-nvidia + +"Bosch will build an AI supercomputer designed for use in vehicles using Nvidia tech, which means Nvidia now has a partner that works as a tier one supplier to all major car makers in the world. + +It’s only the latest partner for Nvidia’s AI-powered self-driving car tech, joining automakers like Audi and Mercedes-Benz, but it’s the one that could potentially have the most impact in giving Nvidia reach and influence across the industry." + +https://techcrunch.com/2017/03/16/nvidia-and-bosch-team-up-on-self-driving-car-ai-supercomputer/ + +**5) So their chip could end up in a lot of cars, Bosch is the world’s largest supplier of automotive parts, and Nvidia lists 8 major automotive partners, including yes… Tesla, which has been using Nvidia DRIVE PX platforms to run Autopilot since splitting with MobilEye last year.** + +http://www.nvidia.com/object/tesla-and-nvidia.html + +--- + +P.S. Our mega bull from $28 up to $55 was during the same 72 hours surrounding the Bosch Conference. It would be an understatement to say there was a lot going on at the time... but still. + +Call center. 7 years. + +I hate my job. It's the most depressing soul sucking thing. I literally will just turn off my alarm and roll over. I want to get fired I think. I push the envelope and literally nothing ever comes of it. + +But it's a government contract in the APS. And I need to stay in the APS to get out of this current role. (I dont hate my department, I've had HD's which I REALLY loved. I just HATE my primary role that I'm back to now) I feel like I can't leave even though I LOATHE my current role as that means I won't be in the APS anymore and I won't be able to move up/around. + +I take calls that primarily deal with hardship. %99 we can't help them and its just pointless arguing for no reason. Constant manipulation techniques to try get something from/out of you. Tbh my job doesn't even need to exist im pretty sure. It feels completely pointless. Im not even sure what I do. + +I recently discovered I had ADHD and I need pretty constant stimulus to remain engaged. Something this repetitive Job does not provide me. I also have CPTSD and have a pretty negative view on the world. + +I dont mind being poor... I just want something... ANYTHING that isn't monotonous and soul sucking. I've been thinking about gardening (like lawn mowing, ect) but have no idea where to start + +My friend suggested to try get into real estate photography + +I don't really have any passions or anything like that. I love working but i just dont wanna be bored out of my brains anymore. + +Any advice? + FUD. Let’s tackle FUD. Mainly why shorts have not covered, using logic and data. + +# A Hole was Dug before January 2021 + +Shorts were starting to cover heading into the end of 2020 once they realised they were unable to suppress the price back down via shorting heading from \~70mm down to 55mm, this coincides with retail's surge in interest in November 2020. + +As a result, shorts were still 55mm shares short, as we’ve speculated, and Mark Cuban among others have said - their aim is not to cover. + +I believe this is wrong, at least in 2020 before shit took off. They were shorting it well before its lows in 2020 of roughly $3-4. This means, “covering” in this period is them taking profit in the wake of Hestia capital and Michael Burry coming into the picture in 2020. They would have likely realised, this is the best they’re gonna be able to take profit at. Which is why they started to “cover”. + +This aligns with the theory that they’ve dug themselves a deeper hole. As we can observe below (highlighted in red) the largest jump coincides with a price of \~$10 in November 2020. + +&#x200B; + +[https:\/\/ihsmarkit.com\/research-analysis\/borrow-dynamics-around-gamestop-proxy-vote.html](https://preview.redd.it/ex05d1l95cv61.png?width=689&format=png&auto=webp&s=2fb14112092e6fcba1963cfc72bde92f7e22412f) + +Connecting this to GMEs price action, the $10 mark would suggest a potential threshold area of where they entered a short position (blue line in the chart below). + +&#x200B; + +https://preview.redd.it/nzaihxwb5cv61.png?width=1029&format=png&auto=webp&s=fb262064cac78541b2675c41352bc7229a88f75b + +This is just an estimate based on short interest, we can actually go through 13F filings to see if this lines up. + +**Digging through 13F Position Filings** + +&#x200B; + +https://preview.redd.it/qeckhjwd5cv61.png?width=1005&format=png&auto=webp&s=94612962f65c2b0d38fa1df4897d054edcf8e701 + +Let’s start off with Melvin, there are a few interesting observations: + +1. They only ever took out put positions on GME, never hedging with any type of call position +2. There was 1 filing where they held a share position back in 2015 +3. Aggressive put positions ramped up big time in March 2019 + +# 🚀 Speculation Warning 🚀 + +That aggressive spike in March 2019 was likely the beginning of Melvin’s plan to short the shit out of GME and make $$. + +Taking the weighted average of put position volume and the imputed share price from the filing gives us a price of: **$9.41.** + +This is spot on with the initial assessment above of $10. So we can speculate that this is the price they needed to cover before to avoid being in the red, which aligns with the spike in short interest, attempting and outrightly failing to suppress the price below this figure. + +&#x200B; + +https://preview.redd.it/bn77zjkh5cv61.png?width=988&format=png&auto=webp&s=b3e263a44f8da714c5457bc0d775218bb068296f + +For those interested, here are what Citadels filings look like: + +1. They hedge their puts with calls (unlike our risky friend Melvin) +2. 9 months later in March 2020 is when we see Citadel jump on board the train +3. A strong degree of correlation between share position and share price + +Feel free to speculate further on this. + +# Everyone's Fav Type of Data! + +&#x200B; + +https://preview.redd.it/vydhssyj5cv61.png?width=1003&format=png&auto=webp&s=e77f9e83ce11c76b0aef2d90607fc0b4ed00a78e + +Just to drive this point home, check out the short volume above, we can see that the systemic shorting problem began in the first half of 2019 which is exactly when we see both Shitadel and Melvin put positions start to go off the charts. Clearly, it’s not just a coincidence. + +It also gives us greater confidence in the **$9.41** figure we came up with above as we’re focusing on the right period. + +This means September 2020 would have signified a risky period to them given this is where the price started to approach the $10 mark for the first time since April 2019. Note that this is still a relatively low price, so that’s why we don’t see option positions fall off a cliff in the 2020-12-31 filing. + +Albeit Shitadel still pulled back in their position as a likely result of the price increase, noting that Melvin did not - but we know they have a higher risk appetite given they did not even bother hedging with calls. + +**Takeaway**: The bus has been long gone for them to cover in a profitable position, their positions suggest they even increased their positions (Melvin), further digging their hole. + +\-- End of speculation + +# Clarification on Volume + +You might be going woh! 154.1M shares shorted in 2021 H1! That’s like 2x the float! + +We’ve uncovered A LOT of methods that HFs can use to suppress upward price pressure, namely specific order types and dark pools (also known as alternative trading systems ATS). So do not interpret the above as being purely short interest, as it’s likely a decent portion has been covered. + + However, it’s also just as likely that a portion has not been covered, which again we know some methods to make it look like they “covered” the short positions such as deceptive options trading or not covering and resetting FTD timers. + +# How does the Short Volume get so High? + +Dr. Susanne Timbath covers this in her books and I’m sure we’ll get a great explanation from her come the AMA this Thursday. + +I’ll leave you with a short explanation here though beforehand based on previous Q&As she has given and content within her book. + +# The Share Borrowing Program + +[This is](https://www.sec.gov/rules/proposed/s72404/s72404-14.pdf) essentially a self-replenishing lending pool, but the key is actually how it works in “wording”. While it’s called a borrowing program, it does not actually track the lender, only the borrower. + +So in essence, the same shares **are not lent twice** by the same broker, But they are **not keeping track of which share was used to settle which trade**, so if I buy 100 GME shares, i could be getting 50 borrowed shares - these 50 shares can then be loaned a second time since the trade has been marked as “settled”. + +I have no doubt we’ll get a far richer explanation from Dr. Timbath in the coming week, and I encourage all to watch it. If not for your education, but to feed that confirmation bias ;) Further to that, I'm sure u/atobitt will further explain this in detail, so I’ll leave it to him to expand - in the meantime, back to the unlikely focus of this post. + +# Dispelling FUD | Saving their Ammo + +There is a common theme I see floating around which is they are saving their ammo, each day we see the borrowed shares get drained out then replenished, but no price action, not even down! Gimme that dip! + +The second part of this is that the ammo they are “saving” is to tank the price during the squeeze. + +&#x200B; + +https://preview.redd.it/eyjdmjdp5cv61.png?width=1013&format=png&auto=webp&s=f5bd362d54ef13b272b98b0c772fc41554eafa9c + +So above we have short volume as a % of total daily volume for GME. On the left, we’re looking at the distribution of the % short volume from Jan-2020 onwards. On the right, we’re looking at the daily % of short volume. + +So the main thing we observe is that excluding the crazy behavior in late January, the short volume has remained pretty darn similar to the median of 5% in the left histogram for the past year and 4 months. This means they are shorting as per normal, using regular HFT techniques to control the price - it does not imply they are “saving ammo”. + +&#x200B; + +https://preview.redd.it/7hg3qkvq5cv61.png?width=1002&format=png&auto=webp&s=7e84a27f4b7bc235e1bf47e719f326114492d6ec + +Instead, they likely save ammo on a short-term basis to handle days when there is expected buy pressure, which we can observe in April-2021 among many other months. Short volume sits low at the 250k mark which from what I observe in iborrow, is usually around the 200k-500k mark shares available to borrow each day. But they then end up blowing it on a few days spike up to the 1M+ mark. So there is no real foundations to this FUD being spread that they are saving ammo (I recall suggesting theory a **long** time ago, don’t know where or when, but obviously i was wrong). + +# Dispelling FUD | Shorts have Covered + +This comes in MANY forms, thanks to how Fintel changed how they calculate short interest, this was the main trigger in holders believing shorts may have covered. + +Dark pools. Or ATS, whatever you prefer to call them. The MOST important point we need to be aware of is that NYSE short interest only includes short positions cleared by FINRA member broker-dealers. This is what Fintel bases their calculations on, along with the formula change, which is one reason why it dropped - the other major reason is that dark pools (ATS) who are not registered with FINRA implies that short positions are not included. + +So you can view that as a double whammy. We only recently observed dark pool exchanges trading GME trades (to suppress buy pressure). I bet if we were aware in January, we’d have a much clearer picture of why short interest % dropped so much. + +# Closing Remarks + +WTF did I just read? I had the same thought when writing it. It bounced from one thing to another, then another. The key theme though is dispelling FUD. Data is the best way to do this, and it’s important - but to highlight a fact that data is not all telling. This is how I interpret the data, and if you interpret it another way please share! + +Knowledge is power. + +# TL;DR + +1. The bus has been long gone for them to cover in a profitable position, their positions suggest they even increased their positions (Melvin), further digging their hole. +2. HFs are not saving ammo to tank the price during the squeeze, they are too busy managing day-to-day buy pressure +3. There are multiple ways shorts can “pretend” to cover their shorts, it’s impossible to tell - but given the prior evidence, it suggests they are using options, as we know and dark pools (which is a plausible explanation for why Fintel % short interest dropped so much along with them changing the formula) + +As always, conjecture is our friend and my friend - hit me up in the comments or via PM! +[https://www.bloomberg.com/news/articles/2022-11-14/london-loses-its-crown-of-biggest-european-stock-market-to-paris?srnd=premium-uk&sref=Xl91GI8N&leadSource=uverify%20wall](https://www.bloomberg.com/news/articles/2022-11-14/london-loses-its-crown-of-biggest-european-stock-market-to-paris?srnd=premium-uk&sref=Xl91GI8N&leadSource=uverify%20wall) + +Current capitalisations: + +* Paris - $2.823trn +* London - $2.821trn + +Before the Brexit vote in 2016, the capitalisation gap was $1.5trn in favour of London. + +Pretty stunning capitulation of the London stock market. Some of this gap closing has been due to currency fluctuations, but that can still be largely attributed to the Brexit vote. + +Will this have any real world impact on investors? +[The MOASS is Inevitable](https://www.reddit.com/r/GME/comments/mjo3jj/the_moass_is_inevitable/). It’s no longer a question of if, just when. + +Here is a cheat sheet to get you through the FUD when this takes off. The most important thing to remember here is that Apes have the data to back the thesis. + +It will be a bumpy ride, but the DD here will make it easier: + +Look back over things they’ve done to scare you into selling… + +* [FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) +* [Market Manipulation](https://www.reddit.com/r/GME/comments/mqyp5w/now_is_the_time_to_stay_ready_a_running_list_of/) + +And yet Apes [**still**](https://www.reddit.com/r/GME/comments/mcw74g/even_yesterday_there_was_a_31_buysell_ratio_on/) [**have**](https://www.reddit.com/r/GME/comments/mebvks/daily_fidelity_update_buysell_ratio_still/) [**diamond**](https://www.reddit.com/r/GME/comments/mo0qp2/buysell_ratio_is_51_on_fidelity_apes_buying_the/) [**hands**](https://www.reddit.com/r/Superstonk/comments/mpw0ru/fidelity_orders_updated_412_still_looking_like_a/) + +You wouldn’t short a car would you? Well Citadel would, probably. + +Citadel has shorted everything to oblivion and the bill is about to come due. Press X to hold. + +* [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) +* [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) +* More [Naked Shorting](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) + +It’s easy to sit there and think the numbers being thrown around aren’t realistic, and that’s because up until now they haven’t been. + +* [KBIO Squeeze was 6% SI with 10,000% growth](https://moxreports.com/kbio-infinity-squeeze/) +* [Overstock was 13.7% SI with 4000% growth](https://www.reddit.com/r/GME/comments/mqt7w6/gamestop_vs_overstock/) +* [VW was 12-15% SI with 500% growth](https://imgur.com/a/Z2bF2wy) + * The part that always gets me, “Why did the short sellers hang on for so long when the tide was moving against them? Perhaps they remained focused on the long-term anticipated drop in price rather than the risk of being squeezed in the meantime.” What’d we learn Kenny? + +Yes, these are entirely different scenarios, and each one had additional variables that affected the squeeze. But it really puts things in perspective huh? + +Because: + +GME Short Interest\* + +* [Conservative Short Interest Calculation: 38M](https://www.reddit.com/r/GME/comments/lzj00a/super_conservative_calculation_puts_gme_short/) (\~147%) +* [Slightly less conservative: 250-900%](https://www.reddit.com/r/GME/comments/m19oh7/true_short_interest_could_be_anywhere_from_250_to/) + +GME Float + +* [APES. OWN. THE. FLOAT](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/?utm_source=share&utm_medium=web2x&context=3) +* [Float/SI](https://www.reddit.com/r/Superstonk/comments/mofkra/institutional_ownership_and_short_interest_proof/) + +\*DD to get a realistic understanding of Short Interest: + +* [Fake Shares to Millionaires Common Misconceptions of Short Interest](https://www.reddit.com/r/GME/comments/mmo9kw/from_fake_shares_to_millionaires_common/) +* [Mythbusters DD: Can We Set Share Price](https://www.reddit.com/r/GME/comments/mhjfee/mythbuster_dd_can_you_set_the_price_for_your/) + +[January was a 1500% increase](https://www.cnbc.com/2021/01/27/gamestop-mania-explained-how-the-reddit-retail-trading-crowd-ran-over-wall-street-pros.html) **and that wasn’t even the squeeze**. + +**The only thing that truly matters, is that by most conservative estimates, Short Interest is over 100%, and Apes own a significant portion of the float.** + +If even after all of this you STILL find yourself doubting, take a look back at the long term value. Or should I say, [the Deep Fucking Value](https://www.youtube.com/watch?v=GZTr1-Gp74U) + +And there you have it. The only doubts you should have left over should be about what champagne you’re celebrating with. + +As for your [exit strategy?](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/) + +[From \/u\/BinBender's Fake Shares to Millionaires](https://preview.redd.it/w1t2xj7v4ct61.png?width=730&format=png&auto=webp&s=8fd0f6a31b05979ca2943407ad50985ed86d0b15) + +[Look at what this community created.](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/) Look at the time and effort that’s been put in. The DD is incredible. Take a moment to appreciate what “dumb money” has accomplished. Thank you to every Ape here for being a part of this, from /r/WallStreetBets, to /r/GME, to /r/Superstonk, to every other sub. You all are truly amazing. + +The hard DD has been done. The only thing that can work against the squeeze now is the artificial limit you place on it. + +[Remember why you hold](https://www.youtube.com/watch?v=UMKNU04cMvU) + +[Remember](https://www.reddit.com/r/Superstonk/comments/mqmhnm/its_430_am_cant_sleep_read_the_dd_a_million_times/) [why](https://www.reddit.com/r/GME/comments/mqukfw/i_hodl_to_afford_my_transgender_surgery/) [the](https://www.reddit.com/r/GME/comments/m83920/this_is_why_i_hold_its_time_for_things_to_change/) [Ape](https://www.reddit.com/r/Superstonk/comments/mr4ec7/live_in_my_vehicle_this_is_my_bed_and_that_drink/) [next](https://reddit.com/r/Superstonk/comments/mo9bjt/this_is_why_im_holding/) [to](https://www.reddit.com/r/GME/comments/lur26s/why_they_hold/) [you](https://www.reddit.com/r/Superstonk/comments/moqsuv/why_i_will_hold_to_the_end_whatever_that_looks/) [holds](https://www.reddit.com/r/wallstreetbets/comments/lb1dj8/why_im_holding_gme/) + +And that’s really all that’s left to do: Hold for yourself, and hold for the Ape next to you. That’s the only way GME hits 10M. It’s that simple. +# Team Bog have declared themselves as one of the hottest utility tokens to launch this alt season. + +Even CZ approves of BogTools in the BSc Ecosystem - retweet of BSC ecosystem infographic in which Bog is featured **TWICE** D*efi/Exchange category & Tooling / Infrastructure Category* + +Original [Tweet](https://twitter.com/coin98analytics/status/1390269988007604224?s=21) Coin98Analytics (CZ Retweeted on 6/5/21) + +It's clear the ever active team don't sleep after bringing us multiple functioning tools over the last 2 months. + +The list so far includes: + +* Limit Orders (Buy/Sell V1) +* Charts with sick UI and view wallet function. (Safemoon Site links directly to bog charts) +* ARG - augmented reality game - side hustle with serious prizes to be won +* NFTs - customisable by the user +* Staking with High APY paid in Bog ( reports of 150-200% based on average volume giving good liquidy base) +* Oracle Function - Verifiable Randomness - being used by external projects +* BSC Token Sniper - currently in Beta + +During PancakeSwapV2Gate they were able to provide support in the form of **BogSwap** \- a swap UI that automatically routes trades via PCS1/PCS2 / Apeswap. + +Putting all these tools together, **in one place ,** makes Bog **the ultimate BSC trading Platform.** + +# Update on current Tools: + +Charts - V2.4 - Speedy bois, wallet function able to hide tokens that bring back bad memories. + +BogSwap - The newest team member, this swap gets you the **BEST** price for your token through automatically selecting the best swap location at no cost to you. + +Sniper - Well this is just a bonus and good fun to play with. Warning play at your own risk! + +# Recent Stats: + +25 Million Market Cap + +1.3 Million 24hr Volume + +Holders : Almost 18500 + +# Next Gamechanger Inbound: Don't miss the BogTrain bros + +Limit Orders v2 with PCSV2 support + +* The limit orders were a huge success on V1, allowing you to get some well deserved sleep whilst knowing you can cash out your tokens / buy a huge dip +* A new update will allow you to set your order to buy/sell to **ANY OTHER BSC TOKEN -** for example limit sell my safemoon to bog once it hits 200% gain. +* With sell limits being available for V2, pair this up with the new Sniper, we could see some serious carnage 👀 +* More developments in pipeline, if you are interested check out recent ChaposCartel [AMA](https://t.me/ChaposCartel/17331) + +**So watch this space traders:** Once Limit orders V2 go live Bog will be the only one stop trading shop for BSc tokens. If you aren't using Bog platform to trade right now, then you aren't making the most of your time. The Bog Token Breakout is impending. + +Any questions hit up comments here or join the BogTools TG which is incredibly responsive ( and not full of moon/lambo chat) + +**Links:** + +[**Bogtools.io**](https://bogtools.io/) + +[**Chart**](https://charts.bogged.finance/) + +[**Telegram**](https://t.me/bogtools) + +[**Bogged.Finance**](https://bogged.finance/) **- Trading Platform** + +[**Bogged.Finance/swap**](https://bogged.finance/swap) **- can buy bog (& anything else) here** + +[**BSCScan - 0xd7b729ef857aa773f47d37088a1181bb3fbf0099**](https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099) + +[**Reddit**](https://www.reddit.com/r/BogTools) + +[**Coingecko**](https://www.coingecko.com/en/coins/bogged-finance) + +[**CoinMarketCap**](https://coinmarketcap.com/currencies/bogged-finance/) + +[**Twitter**](https://twitter.com/bogtools) + +[**How to place buy/sell order Video**](https://www.reddit.com/r/BogTools/comments/modi2x/bogtools_limit_order_howto_video_mass_adoption/?utm_source=share&utm_medium=web2x&context=3) + +[**How to buy Bog / Use Bogged Finance with Trustwallet**](https://www.reddit.com/r/BogTools/comments/mrcktr/how_to_use_boggedfinance_on_trustwallet_android/?utm_source=share&utm_medium=web2x&context=3) + +[**Token Sniper Medium**](https://boggedfinance.medium.com/announcing-the-bogged-finance-token-launch-sniper-7dac90c6c917) + +[**How to Stake BOG**](https://www.youtube.com/watch?v=21hWoNOk4Xk) +Here’s how to qualify for commission-free trading on over 80 ETFs with InvestorLine: + +* Trade online any of the eligible ETFs listed +* Hold the eligible ETF for a minimum of one business day from the date of purchase +* Do not buy and sell, or sell and buy, the same ETF on the same day. Also not applicable for short sell trades + +Regular commission fees may be applied, or estimated commission fees may be adjusted, if any conditions are not met.No Commission Fee ETF trades are not counted to qualify for our 5-star program pricing.Some ETFs are offered by related or connected member of BMO Financial Group + +List: + +EQUITIES: CDZ / CIE / CUD / CWO / VCN / VDY / VEE / VFV / VGG / VGG / VGH / VI / VIDY / VIU / VSP / XDV / XEC / XEF / XFI / XHD / XIN / XIU / XMM / XMU / XSEM / XSP / XUS / ZCN / ZDH / ZDI / ZDM / ZDV / ZDY / ZEA / ZEM / ZLB / ZLE / ZLI / ZLU / ZSP / ZUE / ZUQ / ZVC + +FIXED INCOME: CLF / VAB / VCB / VGV / XBB / XCB / XHY / ZAG / ZCB / ZGB / ZHY / ZJK + +MULTI-ASSET CLASS: **VBAL** / **VCIP / VCNS / VEQT / VGRO / XBAL / XCNS / XEQT / XGRO /** XINC / ZBAL / ZCON / ZESG / ZGRO + +THEMATIC: ZAUT / ZFIN / ZGEN / ZINN / ZINT + +ESG: ESGA / ESGB / ESGE / ESGG / ESGY / XESG / XSAB / XSEA / XSTB / XSUS +Grayscale implicitly values ETH at $7K, reason being total transaction fees is 5x the peak fees of January 2018. (5 x $1400 = $7K) + +According to Grayscale, EIP-1559 is very important for Ethereum, converting it into a consumable commodity through token burning, which could serve as a catalyst for Ether’s value. + +Overall the booklet is quite a good read (need to provide email address in order to download). + +Source: [https://grayscale.co/insights/valuing-ethereum-2021/](https://grayscale.co/insights/valuing-ethereum-2021/) (free download) + +Highlights: + +* Bitcoin is the preferred store of value in the digital ecosystem, whereas **Ethereum has emerged as the leading financial infrastructure, settling over $12 billion of daily transactions.** +* At the time of writing, there are **approximately 7 million Ether locked as collateral in decentralized protocols on the Ethereum network, worth over $9 billion at current prices**. +* We can examine the total daily transaction fees collected on the Ethereum network as a measure of demand, as shown below. Since Ether is the commodity that pays these fees, high fees drive demand for Ether just as an increase in travel might drive demand for gasoline. **Notably, total transaction fees during January 2021 we nearly 5x the peak fees of January 2018. Yet, Ether’s price is approximately equal to that of the 2018 peak** +There's over 15,000 subscribers obviously we all come on at different times, cuz I have only ever seen 300 to 400 people on at a time. + +Wouldn't it be in our best interest to upvote post's about ethereum? + +We have enough people to make it to the front page, and that is free publicity, publicity means that more people will know about ethereum, and the more people that know about it means that more people will invest, and the more people that invest means that Ethereum will rise in price right? + +I don't really know how it works I'm only guessing because of the market cap and what's been circulating on the Internet. But let me know what you think. +I went from making Connecticut's minimum wage of $14 to making $15.25. I'm still broke as a joke, but at least I can say I make more than my states minimum wage. +When this place was first created, and everyone mentioned moving over from r/personalfinance, someone mentioned how frustrating it was to see someone asking how to save more money on their $100k annual salary when their problem is they have $3.75 in their bank account until Friday and want to know how to feed their family for the next week. + +Should we put together an r/personalfinance cookbook or recipe book of cheap meals we can link in the wiki? Meals for under $5? A quick search on reddit doesn't show any budget meal subs, so maybe create a sub under this one? r/povertyfinancemeals ? Is this something people would be interested in? + +ETA: sorry for the typo in the title, can a mod edit? +Just watched the boiler room and margin call. Pretty addicted right now, any other recommendations? Thank you! + +Thanks for all the replies, gonna get on them! +I think it's fair to assume (and we've probably all factored in) that there will (more likely than not) be more rate hikes this year. + +However, after three consecutive rate hikes, do you think there will be some "respite" (in inverted commas cause I don't know what your personal situation is) or a 4th consecutive rate hike? +Walmart's cost cutting measures will remove some truly retarded spending. Less overhead = greater profits. + +Unfortunately this will also get rid of a key backup job for most of us here on WSB. + +Edit: There appears to be some confusion on the morality of this tactic on the part of $WMT. I would remind anyone who thinks Walmart is acting immorally that public corporations have an ethical and legal fiduciary duty to act on the part of their shareholders to maximize profits. Changing the job requirements to push out the mentally and physically disabled was the only thing to do in this instance. Some of you have also mentioned that these employees are subsidized. In a purely capitalist world employment subsidies wouldn't exist. $WMT is doing the right thing. +"Why did I not buy x in March, I could have a 250% return right now" +"Damn, I should've poured my entire fucking life savings into $BITCH when I saw that DD post on it a week ago" +"I should've just held, sold way too early and now it's up $3" +Been seeing a lot of posts along the lines of these statements for the past few weeks. The volatility of the market bestowing random lotto wins upon a handful of risk takers, who then proceed to (justifiably) claim bragging rights along with their newfound cash isn't helping the issue. People will, of course, daydream themselves into a similar scenario, and the likelihood of a large, UNeducated gamble increases with each "missed" opportunity perceived. + +For those of you who are in your university years or a little past, we're looking at most likely a baseline hourly wage of $12.50 (CA assumption). This is what you'd be standing on your feet for 8 hours a day to earn, a daily intake of roughly $80 after taxes, all the while dealing with the dumb shit that presents itself in every entry level position. + +Did your trade today result in a profit greater than $80? Congratulations, you have no cause to be regretful. Did your profit for the week average out to greater than $400? Nice, you just made a week's salary without enduring the arduous process of punching in a time card every day. Maybe you made double, triple that, quadruple, or even 10 times that in the span of a week or less. You should be ecstatic; you just earned several months' paychecks in a fraction of the time and with a sliver of the work. Maybe you have an actual job on top of this windfall; now you've doubled your financial stability (or more) and that out of state trip with your friends is no longer unrealistic. Of course within the lens of Reddit's investing discourse, taking away 1 to 4 grand when your play could have, if left alone, increased to 15 or 20 grand, might make you feel a bit empty for a while. But outside of this context and in the world of wage workers, securing that much in such a short time span is so ridiculously fortunate; several of my university acquaintances slave terrible hours for minimum wage to make tuition or rent payments, and it would take them months to assemble what you and I may consider, in all our eagerness, a "small" profit. A trade that, in our view, was pulled too early would be enough to make them speechless. + +Maybe the stock or contract climbs after you sell. So long as you beat your working average, consider it a win. Don't think "what if". Just count your cash. + +Edit: Thanks for the award! 🌵 + +Edit 2: Thanks for the kind words. Never expected a response of this magnitude when typing my thoughts out. Just hope that this way of thinking might lessen the sting we've all felt of "what could have been", and in time, make peace with having a bird in the hand entirely, rather than any number of them in the bush. +Guten Tag to this global band of Apes! 👋🦍 + +It is endlessly entertaining to me that the SHFs can work so hard to drive us off, and it only encourages us more. +Yesterday started with a steady downward drive, eventually rebounding a bit and trading astonishingly flat for much of the day. +It seemed to me that they were trying to set a new ceiling to ensure that the end-of-week price is below $40, though that could be entirely unrelated. +Fortunately, there is no keeping GME down for long, and we finished up for the day! + +Unfortunately, there doesn't appear to have been any further resolution of the way that the split-by-dividend was implemented at most brokerages. +The DTCC continues to insist that a forward stock split was the correct action. +At this point, I'm not certain that they'll *ever* resolve the discrepancy. +Fortunately, we have confirmation from ComputerShare that they know *exactly* how the splividend should be implemented, and have credited all GME accounts with the dividend shares. +Whether the DTCC wants to provide the dividend shares to their member brokerages, there is one certain method to wrest the shares from their hands: DRS. +When a DRS request is fulfilled, real shares are transferred to ComputerShare and held in the name of the owner. +The shares that GameStop provided to ComputerShare, and ComputerShare relayed to the DTCC haven't been distributed to the brokerages, but many of those shares make their way back to ComputerShare daily. +Whether the DTCC likes it or not, we are getting our splividend shares. + +I will be traveling next week and do not know if I'll be able to reliably post. +While many days I should be able, I will try to arrange coverage for days when I will not. +Thank you for understanding! + +Today is Thursday, August 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: **$39.95 / 38,97 €** *(volume: 3262)* +- 🟥 115 minutes in: $39.89 / 38,91 € *(volume: 3161)* +- 🟥 110 minutes in: $39.97 / 38,99 € *(volume: 3151)* +- 🟥 105 minutes in: $40.01 / 39,03 € *(volume: 3111)* +- 🟩 100 minutes in: $40.06 / 39,08 € *(volume: 3050)* +- 🟥 95 minutes in: $39.90 / 38,92 € *(volume: 3045)* +- 🟥 90 minutes in: $40.08 / 39,09 € *(volume: 2640)* +- 🟥 85 minutes in: $40.13 / 39,15 € *(volume: 2630)* +- 🟩 80 minutes in: $40.14 / 39,15 € *(volume: 2618)* +- 🟩 75 minutes in: $40.07 / 39,09 € *(volume: 2508)* +- 🟥 70 minutes in: $40.05 / 39,07 € *(volume: 2508)* +- 🟩 65 minutes in: $40.26 / 39,27 € *(volume: 2374)* +- 🟩 60 minutes in: $40.18 / 39,19 € *(volume: 2243)* +- 🟥 55 minutes in: $40.03 / 39,05 € *(volume: 2208)* +- 🟥 50 minutes in: $40.05 / 39,06 € *(volume: 1605)* +- 🟥 45 minutes in: $40.14 / 39,16 € *(volume: 1255)* +- 🟩 40 minutes in: $40.15 / 39,16 € *(volume: 1237)* +- 🟩 35 minutes in: $40.07 / 39,09 € *(volume: 1178)* +- 🟥 30 minutes in: $40.07 / 39,08 € *(volume: 1094)* +- 🟥 25 minutes in: $40.08 / 39,09 € *(volume: 1082)* +- 🟥 20 minutes in: $40.09 / 39,11 € *(volume: 969)* +- 🟩 15 minutes in: $40.10 / 39,11 € *(volume: 834)* +- 🟩 10 minutes in: $40.09 / 39,10 € *(volume: 834)* +- 🟥 5 minutes in: $40.09 / 39,10 € *(volume: 767)* +- 🟥 0 minutes in: $40.11 / 39,12 € *(volume: 683)* +- 🟩 US close price: $40.53 / 39,53 € *($40.50 / 39,50 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0252. 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! +the price has more than tripled over the last 2 weeks. + + ICO is not even half way through, so there is absolutely no logical explanation for this rise. + + + +People suggested that they rebuy their own ICO to pump the price and this seems to be more and more the case. +https://www.cnbc.com/2019/05/20/us-breaks-all-time-record-for-dividends-as-investor-payouts-surge.html + +Global dividend payouts rose 7.8% to a first-quarter record of $263.3 billion. + +Janus Henderson expects $1.43 trillion in dividend payments this year. +Does anyone know if is it possible to spend more than 6 months in a low tax European country and the rest in a high tax (European) country and not having to pay any extra tax to the second country? + +This is as an employee (not freelancer and not entrepreneur). I know in some countries there's an option to pay taxes as a non-resident, but I guess it's only for income coming from that country while you're tax resident in other. + +I don't know the structure the company uses to pay the salaries (it's a new job). In case they are using some kind of proxy company with different local companies in each country, I guess it wouldn't be possible... +Hello + +23yo from Italy here, university student. + +Main objective in the coming years: +- get a degree In medicine and surgery in 1 year +- get into a surgical residency (I think abroad...) +- during this residency (5/6 years) I will earn around 1.6k to 5k € per month (depending on what and where) +- then I will work (in time, I should easily arrive to 100k and more per year) +- maybe marry and have kids (between 35 and 40 yo). + +Well, only time will tell actually. + +For now, this is my portfolio: + +- 100% VWCE (600€/month DCA): I buy a bit every 1st of the month + +Moreover I have (well, actually my parents made for me): +- 40k in Italian bonds (bought in 2004, to withdraw in 2024, 5% yield) +- different real estates to rent out (around 2k per month in rent) +- no debt + +I am pretty frugal. I don’t need nice cars or nice houses...I just need still to find a nice girl for me D: +Actually I own a motorbike (4k + 600€ per year insurance) that I bought when my ex gf dumped me, I guess it helped me a bit in that time. + +I am willing to invest as much as possible. + +I don’t care to FIRE, just want to save what I don’t use for living maybe to buy a house or just to feel a bit more tranquil in the future. +I hope to live and love my job. + +Any suggestions about my assets? Ideas? Opinions? +I'm about to move to Berlin and trying to estimate what apartment I can afford to rent. + + Wife will not have any income. + +[Numbeo](https://www.numbeo.com/cost-of-living/in/Berlin) tells me that cost of living for family of four is 2650 euros. I'm not sure how accurate is that. + +&#x200B; + +My wife wants 4-room (3-bedroom) apartment in Prenzlauer Berg or Tiergarten. But I'm afraid I can't afford that as from what I know it will cost around 2500 euros per month with utilities. + +&#x200B; + +What is my housing budget should look like? + +&#x200B; + +Berliners here, can you share your high level budget overview? + +&#x200B; + +&#x200B; +Hi everyone, +As the title says, I am looking for the best way to buy ETFs... Let me give an example: +I have 2122€ available in my account. +I'd like to buy VWCE @ 91€ - So I do the math: +2122 / 91 = 23 shares. + +I type 23 and click on "buy". Degiro gives me a warning saying the total for my order (including brokerage fees) could be of 2428.68. So I keep decreasing the number of shares, until I hit a value I can work with. So I end up buying around 19 shares instead of the 23 I initially had in mind. +Is there a more optimal way to buy ETFs that will get my money's worth in terms of shares? + +Thanks in advance. Any help is truly appreciated. +Think about it. RC isn't buying synthetics. The market has been flooded with synthetics for YEARS. If & when those orders go through, each share purchased from the market must be a valid GME share issued by Gamestop. And if none of the shares are real, what do you think is going to happen to the share price? + +Edit: Everyone is losing their minds over the title including "retail orders". I meant retail market orders you goobers. And I apologize from the bottom of my cold, dead, hedge fund hating heart. 🚀 +Just submitted my taxes and thought this might be useful info to Canadian dividend investors who are trying to figure out non-registered vs registered account for their dividend paying securities. + +A negative marginal tax rate occurs when the dividend tax credit is higher than income tax rate. Someone in lower tax brackets can further reduce taxes owed by receiving dividends eligible for the dividend non-refundable tax credit. Non-refundable means it will offset other taxes you would otherwise owe. Not all dividends are eligible. Check stock dividend history for the security to see which dividends are typically eligible. + +When you get into retirement and are self-managing a retirement portfolio you don't need to draw retirement income in the same way as drawing a salary. This tax tip is useful when drawing $48,535, or less, income with eligible dividend paying stocks in a non-registered account or for lower income earners investing in dividend stocks in a non-registered account. + +This [Negative Tax Rate Eligible Dividend](https://www.taxtips.ca/dtc/enhanceddtc/negtaxrate.htm) example shows how a $100 dividend from an eligible Canadian source can result in a tax credit of 6.86% which will offset other taxes. + +Your securities broker will supply a T5 Statement of investment income that relates to the referenced tax-tip table as follows: + +* "Actual amount of eligible dividend \[Box 24\]" corresponds to "Dividends eligible for enhanced dividend tax credit". +* "Taxable amount of eligible dividends \[Box 25\]" corresponds to "Taxable dividend" (38% gross up). +* "Dividend tax credit for eligible dividends \[Box 26\]" corresponds to "Total dividend tax credits". This Box only includes the 15.0198% federal credit, not provincial credits. +* "T5 Slip Taxable dividend \[Box 25\]" is added to federal tax return "Total Income \[15000\]" which is calculated using a worksheet for "Taxable amount of dividends from taxable Canadian corporations \[12000\]". +* For taxable income up to $48,535, or less, [federal marginal rate](https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/taxes-quebec/taxes-quebec-2/5.html) is 15% so at this tax rate there is essentially zero net federal tax on dividends. The tax credit in T5 Slip \[Box 26\] will offset federal taxes. See line \[40425\] Federal dividend tax credit. +* To achieve an overall Negative Marginal Tax Rate for Eligible Dividends requires additional credits from the provincial government. The "Ontario dividend tax credit \[61520\]" is 10% of "Taxable amount of dividends from taxable Canadian corporations \[12000\]" and is calculated using Worksheet ON428 Part C. Other provinces have different rates. +* TL;DR A negative marginal tax rate can be achieved by holding eligible dividend paying stocks in a non-registered account. +Anyone else feel this way? It's almost that nothing is ever good enough and no amount is ever safe enough. I always have that feeling of dread that I'll ever go back to the way I grew up. I know I won't but it's still there + +I loaned a sibling money today. I do it a couple times per year and he always pays me back with a small amount of interest. It was only $5,000. But it drained part of my emergency cash fund (about 10% of my cash in my safe) and it gnawed at me all day. + +Also, any time I have a big bill due it bothers me the same way. + +It's so frustrating but I do think it helps drive me to keep saving. + +My wife does not understand me at all on this subject. I worry about retirement every single day. She lives free of any concerns and probably doesn't think about it more than a couple times a year. And that's usually when I bring it up + +I'm really not convinced this is a bad thing for me to have these fears but it would be nice someday to not have anxiety. I just don't think there's any number that I would not be this way. If I were a billionaire I would probably still stress out over spending $1,000 want something +So this is an update from my last post. I decided to go get a free exam at Coast Dental and the dentist says that I have 7 bad teeth, which I had a feeling what most of them were. But they gave my a referral that it's 10 grand, for fillings and crowns. Not only that, but they said that I have stage 4-5 gums despite brushing my gums. By this point, I just feel like giving up. I'll never get my teeth fixed. I had a GoFundMe page, but only had one donation and that's it. My parents made my life bad in the 2010s as my mom wanted to run away from my dad and never got any attention to keep my teeth maintained. I only make about less than 10 grand per year, My grandfather can't drive as far as he used to and fear that the dental colleges will reject me and won't fix my teeth. I feel like there's no hope for me. I might as well die as I feel like everybody hates me no matter what you think of me as I can't get any help. :( +Background: I've worked in Purchasing/Supply Chain my whole career and I've gotten very good at negotiating. I started my own business three years ago buying cars for people on the side. It was great because dealerships are open late and on the weekends so I could keep my regular job. + +EDIT FOR CLARIFICATION: My business works thusly: My clients tell me what they would like to buy (make, model, year, mileage range, or a description of capabilities), I find cars for them, and get them the best offer. They also tell me HOW they would like to buy the car (buy/rent/lease/tradein/whatever). I do not claim expertise on any of these things. This post will focus on NEGOTIATION TIPS. Do not think that this is a guide to get you through the car buying process from soup to nuts. Not even close to that. I don't claim to know the arguments of lease/buy. You'll have to see other posts for that. Sorry for ANY confusion on that topic. + +This post does NOT address used vs new or lease vs buy because I am NOT experienced enough on those things to talk about them! My strength lies strictly in finding cars and negotiating the best offer for my client. These are NEGOTIATION tips. + +Here's my advice: + +1: Get multiple quotes on comparable vehicles/the same vehicle (if new) from multiple dealerships. Always try to get as close to apples to apples as you can. This does two things: Gives you leverage and also gives you a better sense of where the market is at. + +2: THIS is probably most important. DO NOT GO IN to the dealership until you have a price and a warranty under which you are willing to buy the car if it's in good condition. They use all sorts of manipulation tactics that ONLY work in person. I won't even go into them because they only work in person. So just DON'T go in until you are ready to buy the car at the price and warranty you've been given. They'll ALWAYS try to bring you in for a test drive and pressure you. A seasoned buyer won't be affected, but the best way for you (or anyone) to avoid this nonsense is to simply not give them the opportunity. + +Make it very clear that you will only walk in the door after negotiations have ended. You can even lure them by assuring them that if the price is right, you'll go in, test drive the car, and leave with it that day if it's to your satisfaction. + +3: Don't pretend to find things wrong with the car to negotiate. *If there's something wrong, tell them to fix it and you'll come back.* If there's not anything wrong, *don't make it up.* Particularly if you're buying under warranty. Because then you'll just look like a fucking sucker. Think of it this way: If you're getting a warranty it is in their best interest to ensure your car is in tip top shape. Because any problems with it when it leaves the lot are really THEIR problem; not yours. Depending on the comprehensiveness of the warranty, obviously. + +Basically, making up shit about the car is a very predictable strategy that people try. It's only effective at making you look like a damn fool. You shouldn't have to "trick" them into your price. There's nothing wrong with saying "This is what I'm willing to spend." Nothing shameful about that. So don't waste their time and your time with bullshit. + +4: Quote ladder. This is an age old tactic in Procurement that is sort of like the crossbow of buying. In that even a peasant can be trained to use it pretty effectively with very little effort. Remember those quotes you got before? You're going to show the person with the highest quote, your lowest quote and tell them to beat it. If they do, you're going to take THAT quote to your NEW highest quoter and tell them to beat that. And just keep doing that until you don't get anything else. Try to get the mileage and year to be as close to identical as you can so they can't weasel around and make it very clear that if they do not beat the quote, you won't be considering them any further. It lacks nuance, but for someone who's buying their first car, it can save them a lot of money. + +5: Don't trust the finance office. If their interest rate seems high, challenge them. Do not buy ANY of the extra shit they offer you. I'm serious. Anything. The sale is not over until it is OVER. If they keep trying to sell you horseshit, threaten to leave. The finance manager is in a predicament because if he blows a sale, he's going to have a very angry salesman hollering at him. They typically back down pretty quick in my experience. + +6: If you're making a downpayment try to make it on your credit card. Gets you points and cash back in many cases. Certainly did in mine. If you've got to write a check it may as well be to your credit card company. Obviously only make the down payment if you're not going to have to pay interest on it. + +7: Negotiate trade-ins at the end. Don't let them know you have one til after you arrive at a price. And better yet, look into selling your car on your own. You'll usually be able to get a better price. But there's something to be said for the convenience of "I'll give you my car if you knock off three grand." Just know the value of your car and subtract an estimation of the value you place on the time you'd have to invest to sell it. If you can get another five hundred bucks but it'll take you eighty hours of effort over the course of months to sell it, maybe you just take the dealer's offer? + +To end, I hope these tips are helpful. They've helped me in my work. I don't claim to be an expert and I had to learn each of these the hard way at some point or another. +It's tempting to sell calls now since IV is off the roof. + +I've done that before and got hertz badly. TSLA is different and your normal distribution is not really normal - TSLA can stay irrational longer than you can stay solvent. I've learned through the hard way so I won't do it again. + +No one has a crystal ball so you might end up with a profit after selling calls. + +If you can't hold your urge and still decide to sell calls, please hedge your positions. + +Happy trading. +I'm at an interesting place right, thought I'd share and get some input. + +&#x200B; + +I am fully remote in my job and was just promoted to 300k a year. We are late to the fire game, mid 30's, 3 kids (age 0 - 4) in a MCOL city. We own a 120k house outright near my in-laws. + +Work for me is going really well - I am 3 years into this job, been promoted twice. Salary has gone from 140k to now 300k, primarily because I stopped focusing on me and instead focused on creating value for the business. My manager has been incredibly helpful getting my ideas in front of the right people and here we are 2 years later with my income doubled. + +Now though I'm at an interesting fork, my boss has confirmed that this is really the cap for remote work. I might be able to squeeze into one more promotion if someone leaves but the majority of roles from here on up are at HQ. + +Here's the fork though, I am barely working 40hrs a week. I am up with my kids at 6am, I make everyone breakfast and my wife or I get a workout in. I eat lunch w/ the kids, usually helping make lunch or put one of them down for a nap. + +I'm done by 4pm, I bring my kids to the park, go for a bike ride, go to the Y for a swim, you get the idea. My life is easy right now and the stress on my family is next to nothing - I don't know how to put a price tag on this. + +The next promotion is to 500k but *the cost of that promotion* will be to our life as a family and here I am trying to think through such a big move. I am still years from that next opportunity but I can't help but think about it. + +Advice internet strangers? +https://www.philadelphiafed.org/-/media/frbp/assets/surveys-and-data/benchmark-revisions/early-benchmark-2022-q2-report.pdf + +FED has revised their Q2 2022 job numbers. + +Seems like this should be major news but I haven’t heard a peep about it. Considering one of the main arguments against recession has been the strong labor market shouldn’t this cause a rethink of that entire position? Also, how could they have possibly gotten the numbers this catastrophically wrong? +Obviously you have to listen to the entire episode to understand the topic better. I hope my title is not misleading. i tried to best explain the concept in 1 sentence, but hour from now i will possible realize an error or un-intentional mis-representation of the issue. So apologies if that turns out to be the case. + +Listen to the episode, it discusses how people in certain types of stress, like financial stress essentially justify purchases without realizing it is a bad idea. + +This can even effect those of us with plenty of money. It is about the mental blocks we create when we feel a scarcity in some way. so this is also a good listen for people in all kinds of situations even the middle class and wealthy. It just happens to focus on financial scarcity. + +Anyways, even if it does not directly solve an issue, i always find it good to understand how our minds work, and then maybe we can catch ourselves when and if we go into these mental states. + +If only to stop us at checkout and make us think "Hey, wait. Am i doing that mental Justification and not actually making a good choice right now?" + +Here is the link to the Episode: [https://www.npr.org/2018/04/02/598119170/the-scarcity-trap-why-we-keep-digging-when-were-stuck-in-a-hole](https://www.npr.org/2018/04/02/598119170/the-scarcity-trap-why-we-keep-digging-when-were-stuck-in-a-hole) + +If you have a podcast app and look up "Hidden Brain" it is the April 2nd, 2018 episode, shouldn't be too far down the list. + +DISCLAIMER: This is hidden brain not some media news show trying to tell you how to think and live. Hidden Brain tends to be an extremely open minded podcast. It simply discusses studies and observations. It is not always delivering absolute facts. Sometimes it is just debating a topic and has no final conclusion. In fact it often leaves many things up in the air and just gives you various sides of the topic to think about. I am not saying this is some absolute fact and neither are they. It is just an interesting thing to think about and possibly watch out for. If it can help 1 person and applies to no one else. Well at least 1 person was helped and the rest of us have a nice conversation starter. +Age: 29 + +Total Comp = $105k + +Expenses = $20k + +Net Worth = $300k + +Career: Corporate Finance; 7 YOE + +&#x200B; + +Hello everybody! FIRE has been the only thing keeping me going in my current career (found MMM 5 years ago). I've been experiencing extreme burnout for the last 2 years, and it has been affecting me mentally. I just started going to a therapist yesterday over this (hopefully this helps!)... + +&#x200B; + +It's made me think... Is the pain and suffering of grinding through a career you hate worth FIRE? Am I missing the point of FIRE going down this path? + +&#x200B; + +I feel like I should "enjoy the process" rather than the destination. I question whether "magical happiness" happens the second I'm FI. + +&#x200B; + +How do you know you'll enjoy RE? What a waste of time would it be to grind to FI; to realize your passions/hobbys/whatever earns money/paycheck, meaning you could have left your corporate job years ago? + +&#x200B; + +Not sure how to test out RE; but I'm suspicious I wouldn't enjoy it FOREVER (maybe that's a sign I'm a boring person). + +The grass may not be greener on the other side... Just writing down some thoughts. Anyone been in a similar situation? Any suggestions? Anyone regret grinding to FI? Or regret leaving a high salary to find out most jobs are BS? + +Thank you in advance! Hopefully this all doesn't sound too whiny. Simply questioning the currently path I'm on (and I'm sure others are on). +Recently I'm lucky enough to get windfall selling my business for a low 8-digits. I'm in my late 30s, living in a MCOL in Asia with a big (8 person) family to take care of. I'm a sole breadwinner. So even though we live quite modestly, $200k/year seems to be quite tight for the last few years. If I want to give my family a more comfortable life, I figure around 400k/year is quite sufficient (33-35k/month) + +I shared that goal with my private banking guy. And he proposes to put $5-7m in a variety of Fixed Income funds, which on average deliver around 5-6%+/year return on a monthly basis but require 1% fee upfront => This creates 200-300k/year passive income. To achieve the rest of the 400k goal, he suggest to take a loan from a bank (can go up to 8-digits) to buy more Fixed Income funds. + +I never invest in Fixed Income funds before, so I'm not sure it's the right approach to achieve my goal while preserve my hard earned cash for the long-term. Any suggestion here is very welcome and appreciated. +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. +Quick update today, + +Another insane trading day with the halt in the morning. Just want to give a quick update on the state of the option chain as of the end of day today. As usual, I am evaluating the call chain by looking at the delta on the chain, which is an indication of how much a market maker has to buy and sell of the underlying shares to stay price neutral. Much of this delta hedging is what is moving the price, and is why we are seeing such insane amount of volume traded each day. The options are running the show (insert always have been astronaut meme here). Anyway, to the data. + +First I want to show the total amount of call and put delta on the chain over time. + +&#x200B; + +[Number of shares due to options delta on both calls and puts open on the market](https://preview.redd.it/vgi67xfm0fq81.png?width=1144&format=png&auto=webp&s=8ed2e06083d1b6d5372f52f5f39430eae796642a) + +As you can see, the beginning of the run is marked by a massive jump in call options, with a subsequent drop in put options (call options have positive delta, put options have negative delta). Although the price jumped around quite a lot today, it looks like for the most part the call side delta is holding strong, meaning either most options remained open or options holders rolled to higher strikes to reload. Put delta increased slightly, but most of these puts were not in the money, indicating its likely just longs hedging their long bets to the downside. We haven't had this much call delta on the chain since last May/June. The state of the options chain remains STRONG. + +Now turning to another indicator I like to use for GME, the relative delta strength, which is simply a normalized average delta for the entire chain. 1 means all calls in the money. -1 means all puts in the money. 0 is equally balanced. Values above 0.6 historically have been VERY BULLISH for GME. + +&#x200B; + +[calculation for Relative Delta Strength \(RDS\)](https://preview.redd.it/e4e2dfoz2fq81.png?width=613&format=png&auto=webp&s=bb1fa60905a81ba7244db1536c169626f3ea1e44) + +Yesterday we were at 0.85 which was the highest it's been since the may/june 2021 run up. Today we dropped a little to 0.75, which taken with the data above, is likely due to slightly higher strike calls being bought and some out of the money puts being purchased. Still expecting a wild ride. + +[Relative delta strength and GME price over time](https://preview.redd.it/dsj42hdf1fq81.png?width=1404&format=png&auto=webp&s=0d67664de1f0fcd479ba36d85d4652da56bb8606) + +Finally, the same data presented in a slightly different way, where RDS is plotted against GME price for each day over the whole GME saga. These slight retractions tend to happen even in our most bullish runs. Tomorrow is literally a coin flip at this point. If the call side continues to push and add more delta to the chain, this could send the price well above 200. If the call side sells out and drops delta off the chain, we can expect to head down, potentially quite violently. Note that I did not include any orders that may have hit during the halt today, as those didn't show up on the order book in Think or Swim (which is where I'm currently pulling my options data). + +&#x200B; + +[RDS vs. Daily High Price for GME](https://preview.redd.it/3lr9rvhg3fq81.png?width=840&format=png&auto=webp&s=0212462828ece077233ddb3651bd69d0642ef676) + +To be clear, as there is always some confusion: You can lose a shit load of money if you yolo into options, especially now that we are so volatile. This is not financial advice, I am not a financial advisor, and I am not your financial advisor. I am simply providing what I believe to be the market mechanics behind the price action we are seeing now. + +Stay safe out there, the seas are chopping! +Atlassian is down more than 20% in after hours trading. + +Many here mocked the thought when I posted about the possibility of a dotcom style bust for tech companies at the start of this year. At this point, I think it would be a fair call to claim we're in the midst of the dotcom crash 2.0. + +Where are we now? A small highlight reel of how far some popular names in tech have fallen year to date thus far: + +Atlassian - 62% (as at after hours price) +Facebook (Meta) - 74% +PayPal- 61% +Netflix - 55% +Google (Alphabet) - 43% +Tesla - 46% +Microsoft - 36% +Uber - 35% +CISCO - 31% +Adobe - 50% +Salesforce- 43% +Block - 45% +Amazon - 48% +Z1P - 86% (lol) +Xero - 50% +I have a unit that has been listed for about two weeks. Since I first listed it, I have had 8 people reach out to me. I have reached back out to each person ( first through Zillow, then followed up by a phone call and finally a text). Have heard back from two people who said they were no longer interested and the other six just haven't responded. + +Kind of getting anxious because my first mortgage payment is due in two weeks and it seems like I'll never find a tenant. + +Any advice? + +Edit: Initial post made it seem like I was in a do or die position. I have cash reserves to pay mortgage just really want a tenant ASAP. +Scaring people into selling by aggressively dropping the price is the only play they've got. + +And it's simply not working. + +In theory, every short will be a future buyer and whilst we know this isn't always the case thanks to FTDs etc, when you refuse to sell them back the shares they've sold for peanuts there may well be fireworks. + +I don't how long it will take for true price discovery to happen, but I know I'll kick myself if I don't load up on as many shares as I physically can at these ridiculous prices. Sure they could dip it further, but my game plan is to keep buying no matter what the price. + +This is one war they don't get to win. + +Direct registering shares so that they are in your own name and can't be lent out is the kill shot. A lower price just means the float gets locked sooner so I'm choosing to be greedy and not fearful. + +Afterall, why would a fake price scare me when I've no intention of selling for anything less than generational wealth? + +TLDR: Buy. DRS. Hodl. +For context, I own 0 dogecoin. + +But as hard as this may be for some of this sub to hear but being a *silly* cryptocurrency is a far cry from being a scam. + +Just months ago people were enraged on here for the popularity of dogecoin as it surged past $.05. + +Maybe this sub shouldn't be so confident in their price predictions and telling others what projects are or aren't worth investing in. + +**edit: Also just want to point out that making or losing money on dogecoin is not the determining factor of whether or not dogecoin is a scam.** This sub will call beef a scam because it's not chicken. +Is Enbridge a good company to invest in? I guess it all depends on ones timeframe. 10 to 20 years? I think it is a very good investment. Now 50 to 100? I have no idea, but I shall try to make my case. + +First of all let's start with the liquids pipelines, and specifically Line 3 and 5 - the "big boys". These pipelines have been the headline grabbers for years. After a decade or more legal maneuvering, permits are in place and construction has begun for Line 3. This pipeline is very valuable as it transports a huge amount of crude to refineries in the south as well as other uses. Line 5 is the new target with the governor trying to shut it down. This is very unlikely as Line 5 supplies nat gas, petrol and propane essential to the area it serves and the Canadian government has vowed to fight for it. The two and others like it are irreplaceable. Oil will eventually be used less and less, but that future is farther away than most people think. + +With its Spectra acquisition, Enbridge became a big mover of natural gas. This to me is the fuel for the next 20 years. With renewable energy becoming more and more commonplace on any grid, coal being phased out faster then anticipated, nuclear a non starter, and significant hydro expansion a dream (though a good dream), natural gas power plants are the only option to balance out the power supply and create baseload. Enbridge has both major and minor connecting nat gas pipelines crisscrossing North America that will feed the growing demand for both electricity and heating, not to mention the untapped potential of exporting via LNG and even transporting hydrogen as recently commented on by the CEO. + +If you are all familiar with the term "moat" these big pipelines have the highest moat I can think of. You literally cannot build another one as shown by the recent Keystone XL decision. + +Now on to what everyone loves to talk about: renewable energy. Enbridge has significant assets in solar and wind, as well as bio and other interesting assets. It has been selling some assets that it sees as less return potential and expanding specifically in to offshore wind in Europe which has low double digit returns. As time goes on, this segment of the company will expand as the significant cash flows generated by the pipeline assets are funneled in to renewables. This will be its growth path in the future. + +Now, on to my favorite part of the company: the utility. Another side effect of the Spectra acquisition was getting Union gas, a gas utility located adjacent to Enbridges gas utility. Last year these two finally tied the knot, which will create great cost saving and efficiencies. As a person who lives in Ontario and pays Enbridge money every month, this company is a cash cow and a pretty decent one to deal with as well. If you live in Ontario in February and do not want to freeze to death, the merged Enbridge is your cheapest choice. + +Finally I will talk a bit about the company's recent Investor Day meeting. This to me was the best news I could hear. It is going to be putting behind to a great extent any large pipeline project for the foreseeable future, which will greatly decrease political risk. It will instead be diverting cash flows to smaller, less capital intensive projects (think green), to the utility business, and to instituting a share buyback program. + +These initiatives along with implied organic growth should grow cash flow by 5 to 7%, and a possible increase in the multiple attached to Enbridge (say to 10 to 12 x DCF), along with an outsized and growing dividend makes Enbridge one of my favorite stocks going forward. +Hi Everyone, below is a post about Lemonade, which has fallen 30%+ over the past few days. There’s a lot of hype around the stock, but based on my diligence, I think investors should **not** buy the dip. + + +**Q4 2020 Financial Results - The Good Stuff** + +* I want to start this post actually with the positives for the company from the latest earnings. Numbers are from their [latest shareholder letter](https://www.bamsec.com/filing/169142121000019?cik=1691421) +* From 2019-2020, Lemonade’s **in force premium, increased by 87%** from $114 million to $213 million + * This was driven by **higher premiums per customer ($213 in Q4 2020 vs $177 in Q4 2019)** and an impressive **56% year-over-year increase in number of customers (which now sits at \~1 million)** + * If you’re not familiar with insurance, **premiums** are just the amount customers pay each month, so if you pay $10 a month for renter's insurance, your monthly premium is $10 + * The **in force premium is annualized,** so in our previous example, your in force premium would be $10 a month times 12 months which equates to $120 for your in force premium + * Lemonade **started off as a disruptive rentals insurance company** but has since then launched new products including **homeowners, pets, and life insurance** and this is how the company has been able to increase the premium it charges per customer by cross-selling its products to the same customer +* The company also grew their **gross earned premium to $50 million** which represents a 92% year over year increase + * Gross earned premium represents the amount of the in force premium Lemonade collects once the service is fully delivered + * So for example, if a customer pays $10 on January 1st for 1 month of rental insurance, Lemonade's gross earned premium is $0 and only becomes $10 once the full month of January has passed +* The company’s **annual gross loss ratio also fell from 79% to 71%** (Q4 2019 to Q4 2020), signaling better operating margins +* Basically, Lemonade has experienced an increasing customer base, has been charging more per customer, leading to higher in force premiums +* In addition to this, management strongly hinted that it’s working on a new product that will launch later this year, and it’s most likely going to be car insurance (watch starting 3:12 of this [video from CNBC](https://www.youtube.com/watch?v=oIuGUEX4S04&t=155s) with LMND’s CEO) + * This could be a significant revenue driver for the company and I do like that Lemonade is expanding aggressively into multiple products as long as the company can grow its customer base + +&#x200B; + +**Q4 2020 Financial Results - The Bad Stuff** + +* The first thing I need to do is set the stage by explaining the **company's sky-high valuation to explain why the stock plummeted 16% after earnings** + * Right before earnings, the company was trading at $132 per share, which gave the company a market cap of $8.5BN. Adjusting for the company’s cash of $1.2BN (incorporates company’s latest follow-on offering), the company had an **enterprise value of $7.2BN** + * In the most recent quarter, the company guided to a midpoint of $115.5 million in 2021 revenue. **This meant Lemonade was trading at a 63x 2021 revenue multiple,** which is higher than pretty much all of the fastest growing software companies in the world + * Here’s a [list](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2172588b-b60a-427d-9815-f523942b2183_1145x631.png) of some of the fastest growing software companies in the world for reference + * But that’s the thing, Lemonade is **NOT** a software company. Many hype investors forget that it’s an **insurance company f**irst and foremost + * The most obvious proof of this is in the company’s **gross margins** which jumped in the latest quarter to 37%, but for the **full year of 2020 was at a very sub-par 26%** (vs. 70%+ for a good software company) +* Given that Lemonade is trading at a revenue multiple higher than pretty much all of the best software companies, **Lemonade really needed to crush earnings in order to propel its stock further.** It did not: + * While customers have increased year over year by 56%, if you take a [closer look at the quarter by quarter data,](https://content.bamsec.com/0001691421-21-000019/q42020lmndshareholderlet027.jpg) Lemonade added \~60K new customers, which is the smallest increase in the past 2 years + * And [it’s not like the company is spending any less in marketing](https://content.bamsec.com/0001691421-21-000019/q42020lmndshareholderlet021.jpg), which is pretty much in line with previous quarters + * The reduction in customer growth is something I would really worry about as a Lemonade investor because that is what is the true driver of the company’s growth + * In addition, to all of this, about **a quarter of Lemonade’s customers are in Texas,** which as you probably know was recently hit with a huge power outage + * In the latest earnings call, management stated that there will be a spike in its gross loss ratio but no material affects to its financials, which I personally find a little hard to believe + * Some may also point to the company’s [improvement in its operating expense margin](https://content.bamsec.com/0001691421-21-000019/q42020lmndshareholderlet034.jpg) when compared to its gross earned premium and it’s true that it’s gone from negative 156% to negative 89% (lol) + * But the $44.5 million spent in Q4 2020 earned the company a total of just $7.5 million in gross profit (pretty terrible unit economics) + * Personally, I’m okay with companies during their growth stages spending tons of cash and being unprofitable, but given Lemonade’s slowing customer growth and poor gross and operating margins, Lemonade’s insanely high valuation cannot be justified +* Combined with all this, I do have to mention that the stock is also largely down the recent jump in bond yields, which punishes growth stocks, especially the ones overvalued + +&#x200B; + +**What I Think Lemonade’s Stock Price Should Be** + +* If we take a look at some of the [fastest growing tech stocks](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2172588b-b60a-427d-9815-f523942b2183_1145x631.png) in the world, of which all are growing quickly and have gross margins in the 70s or above, then I think it’s safe to say that at maximum, Lemonade deserves to be trading at a 35x next twelve months (i.e. 2021) sales which I think is still generous + * **If we assume a 35x 2021 sales multiple,** then given LMND’s guidance of 2021 revenue to $115.5mm (midpoint of $114-$117mm), then we get to an enterprise value of \~$4BN + * After we add back $1.2BN in cash, we get to an estimated market cap of $5.3BN which when you divide by Lemonade’s fully diluted shares comes out to a **$82.68 share price which represents a \~17% drop** (LMND currently trades at $97 at time of post) + * But, I think 35x is a really generous multiple given that the company’s growth is in question and has poor margins and believe **the company should be truly trading closer to 20x,** which gives us a share price of **$55.57** +* Now do I think the stock will go down to $55? I think if bond yields continue to push higher and we have a big tech correction, I definitely think it’s possible but probably not likely given how irrational the market has been these past few years + * Also, any reversal in bond yields will likely push the stock up but I believe over time, the stock will fall to a more reasonable level into the \~70s and so I personally do not recommend buying the dip + +**TLDR:** LMND is growing impressively but has terrible unit economics and valuation is far too ahead of itself (even with the recent dip). +Hello people! + +I have recently started investing in stocks. Mostly I hear about nifty 50 companies and a few other recommendations from news channels. But I want to understand and analyze other lesser-heard stocks but essentially good companies. So are there any online screeners to analyze stocks based on their financial data: such as current price below book value, decent PEs, companies with continuous increase in sales, net profit etc. (Just some screeners on top of my mind) + +Basically I want to find out some gems from the whole list of stocks by employing some screeners and coming up with a list of around 50-100 companies. Then dive into analyzing company by company. Is there a way to download this data, so that I can analyze it in excel? + +Also is this a good strategy? Let me know if there are better ways to do this :) + +PS: I heard about tickertape, is the screener functionality of it helpful? Haven't tried it yet. +Figured I'd retaliate in the way that might actually help my investment. Had some shares sitting in a brokerage account and didn't have any money to buy the dip so I DRS'ed 300 shares, which is most of what I've accumulated over the past few months. + +I can be pretty spiteful, and stubborn, and I've been playing video games for 20 years and I don't like to lose. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[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 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 + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>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! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [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! + +**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) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +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 user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +One result of Gamestop’s move today is it ran out of options strikes above $60. Until new strikes are listed that takes away the short gamma effect of upside calls on the stock. + +That short gamma effect goes like this, a ton of retail buyers pile into upside calls, and leave the sell side short those strikes. They hedge with stock but as the stock rips higher, more and more stock needs to be bought by those that sold calls (market makers, trading desks). + +A great example, the 60 calls expiring today were trading under 5 cents very recently. Today, they were worth more than $10 with the stock above $70. Imagine what kind of stock needs to be bought to hedge against those now versus when they were initially sold at less than 10 deltas. Add that gamma effect to the short squeeze in the stock and you see why GME has days like today. But as of now, that gamma effect largely disappears above $60 in the stock + +This only matters at the moment for GME, new strikes will be listed by Monday, but sort of an interesting options inefficiency I thought was interesting. BTW, here's the current expected move in the stock via Options AI. As you can see most of the movement is being priced in the next week or so. In other words near term options is where all the buying is at the moment: + +&#x200B; + +https://i.redd.it/vo9gpy0bjxc61.gif +I just turned 29 recently and crossed the $250k net worth mark today. I like reading stories like this, so I thought I would share mine. + +**2009** - Net worth was negative $30k since I footed a majority of the bill for my undergrad. At 21, graduated and got my first job in the Northeast making $49k salary (accountant). Lived at home for a year, rent-free thanks to my parents, and paid down some student loans. Took on an additional $10k in debt to finance my masters program, which I completed while working full-time. + +**2010 to 2013** - Did not track my net worth. Lived like a typical early 20-something bachelor with expensive bar nights every Friday and Saturday, casino trips with the boys, bought a car for $17.5k and financed it. Changed companies once, which led to small increase in pay, but had more future earning potential. Salary increased to ~$70k. Continued to pay off car and student loans, more than minimum but nothing too crazy. Started with about 6% contribution to my 401k and moved that up to around 10% by the end of 2013. + +**2014** – Moved to Manhattan. Sold the car. Everyone told me I’d go broke living in Manhattan. I did not understand how this made sense. No one I knew owned a car and they all had roommates. There was cheap activities all over the place. I didn’t want to be one of those people who moved to Manhattan and saved nothing, so I got on the internet and started researching personal finance and investing, and stumbled upon the FIRE community. + +Became enamored with the FIRE concepts. Canceled all my subscription services. Reduced the amount I went to bars and ate out. Cooked at home more. Stopped buying unnecessary clothes. Continued kicking ass at work to ensure promotion and raises/bonuses came. + +Started tracking my net worth which was around $70k by the end of 2014. Mostly 401k, savings account, and some individual stocks minus student loans. Salary at end of year was ~$88k due to raises for move and change in role. + +**2015** - Crossed the $100k net worth mark in July of 2015. Was super proud. Still had about $8k of student loans left. Cash compensation crossed the $100k mark with a promotion. Still not tracking my expenses since I figure I’m decently frugal. Definitely struggled a little bit personally with hanging out less with my NYC friends as they were big bar/club goers. Got into reading more and finding cheaper hobbies. First year maxing out 401k, HSA, and Roth IRA. Finally started selling my individual stocks and got into index investing. Vanguard and I started our exclusive relationship. Net worth ends 2015 at $120k. + +**2016** - Big year for me. Paid off student loans. Moved to the Midwest while keeping my salary. Started tracking my expenses. Net worth crossed $200k and ended at $210k for the year. Kicked butt at work and was recognized for it - cash compensation totaled $135k. Expenses were just over $26k for the year. + +**2017 (so far)** - Crossed the [$250k net worth mark](http://imgur.com/a/6RtB1). Got engaged to someone who understands FIRE and is maxing out their 401k and Roth IRA (I’m so proud). Expect compensation to be the same as 2016. Hoping to end 2017 with a net worth of just over $300k. + +Constantly I feel like this is taking for ever, but then I remind myself to enjoy the NOW. Therefore I try to have fun times with the fiancee, friends, and family. I read, ride my bike, lift weights, go on walks, travel, etc. No point in sitting at the computer stressing out about how long this takes. + +I hope you enjoyed my brief story. Feel free to ask questions or give advice. Thanks for your help along the journey so far! +Hey everyone, 22M here. + +I was too young to experience the 2008 GFC. I know today's economy is much different to that of 2008, but is another recession actually going to affect the average middle class Aussie? +Merry Christmas everyone. I'm coming on 30 and as titled am going to be volunteering out bush for a year. There will be no internet access and I think no phone coverage. + +I've about 4k in a CBA savings account and car which I fully own. No medical insurance for myself and plan to be continuing comprehensive insurance for the car (although I won't be using it much as I'll be living on site). + +Other than cancelling spotify and such things, what ought I to be doing? Anyone have tips for basically not being in contact with civilization for half the time? + +Edit: +I also have signed up to Ambulance Victoria's 3 year coverage thingo. +https://www.cnbc.com/2020/03/20/analyst-anticipates-worst-crisis-since-1929-amid-recession-fears.html + +'Isaacs said the 1929 Great Depression was the closest bear market comparison. After the stock market crash of Oct. 29, 1929, the S&P 500 fell 86% in less than three years and did not regain its previous peak until 1954. + +“That might coincide in mid-to-late April with some abating of the extreme lockdown in Europe, and we should from there get something like a short-covering rally,” he said. + +“This is an unprecedented situation, this is worse than 2008, this is worse than 1987, this is the worst crisis to hit financial markets since the Great Depression.”' +Guten Morgen to this global band of Apes! 👋🦍 + +If there is one thing that is clear to me throughout this movement, it is that Apes are willing to *WORK* for their investment in GME. Apes know what will work against the SHFs. Buying shares *works*, whether there's a dip or not. HODLing with Diamantenhände *works*. DRS *works*, putting your shares in your own name and preventing any sort of borrowing, internalizing, or other manipulation with the stock you own. Apes developing DD, analyzing theories, and encouraging other Apes *works* by sustaining this community. + +I believe that we are being reminded that BUY, HODL, and DRS *WORKS*, and as long as we keep putting in the work we'll continue to thrive in this movement. + +Today is the final day of the month, which often has a spike in Reverse Repo utilization. Will we see a new record? Will the highly-speculated Margin Call Monday materialize today? Let's see if the German markets give us any clues! + +Today is Tuesday, November 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: **$199.90 / 177,27 €** *(volume: 1272)* +- 🟩 115 minutes in: $199.91 / 177,29 € *(volume: 1256)* +- 🟥 110 minutes in: $199.90 / 177,27 € *(volume: 1253)* +- 🟥 105 minutes in: $200.06 / 177,43 € *(volume: 1193)* +- 🟥 100 minutes in: $200.25 / 177,59 € *(volume: 1173)* +- 🟥 95 minutes in: $200.52 / 177,83 € *(volume: 1133)* +- 🟩 90 minutes in: $200.83 / 178,10 € *(volume: 1119)* +- 🟥 85 minutes in: $200.73 / 178,01 € *(volume: 1102)* +- 🟩 80 minutes in: $200.76 / 178,04 € *(volume: 1080)* +- 🟥 75 minutes in: $200.76 / 178,04 € *(volume: 1058)* +- ⬜ 70 minutes in: $200.92 / 178,19 € *(volume: 1057)* +- 🟥 65 minutes in: $200.92 / 178,19 € *(volume: 1042)* +- 🟥 60 minutes in: $201.04 / 178,29 € *(volume: 979)* +- 🟩 55 minutes in: $201.08 / 178,32 € *(volume: 974)* +- 🟩 50 minutes in: $201.07 / 178,31 € *(volume: 938)* +- 🟥 45 minutes in: $200.91 / 178,18 € *(volume: 934)* +- 🟩 40 minutes in: $201.18 / 178,41 € *(volume: 929)* +- 🟥 35 minutes in: $201.08 / 178,32 € *(volume: 924)* +- 🟥 30 minutes in: $201.38 / 178,59 € *(volume: 922)* +- 🟩 25 minutes in: $201.92 / 179,07 € *(volume: 829)* +- 🟩 20 minutes in: $201.40 / 178,61 € *(volume: 669)* +- 🟥 15 minutes in: $201.30 / 178,52 € *(volume: 648)* +- 🟩 10 minutes in: $201.33 / 178,55 € *(volume: 619)* +- 🟩 5 minutes in: $201.01 / 178,26 € *(volume: 333)* +- 🟥 0 minutes in: $200.94 / 178,20 € *(volume: 133)* +- 🟩 US close price: $202.01 / 179,15 € *($204.50 / 181,36 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1276. 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! +“Everybody seems to know when long-term interest rates rise you don’t buy long-duration bonds. But what people forget is you also don’t want to buy long-duration equities,” Bernstein, CEO and CIO of Richard Bernstein Advisors, told CNBC’s “[Trading Nation](https://www.cnbc.com/trading-nation/)” on Wednesday. “What’s a long-duration equity? Simply put, it’s one with a high P/E \[price-to-earnings ratio\].” + +“There were tons of promises made about what the future was going to look like. Those promises came true between 2000 and 2010. Largely, they came true,” he said. “But the tech sector gave you negative absolute returns for a decade.” + +“I don’t think too many tech investors today are prepared for negative absolute returns for three, five or 10 years,” he said. + +“If the nominal economy is getting stronger, you want stocks that are going to be very sensitive to that improvement in nominal economy,” Bernstein said. “That outlook for the next several years is probably going to favor cyclicals over more secular growers.” + +[https://www.cnbc.com/2021/03/17/big-tech-faces-way-more-than-10percent-downside-investor-rich-bernstein.html](https://www.cnbc.com/2021/03/17/big-tech-faces-way-more-than-10percent-downside-investor-rich-bernstein.html) +Hi PF, + + +Long time lurker, first time poster. Here's a question - whats the best way to argue with a crappy insurance company about something they chose not to cover? + + +My wife just gave birth to a healthy baby 6 weeks ago. During that time we were covered under an ACA Silver plan (I got laid off and had to scramble, I got a new job and now we're under that insurance). This is our 3rd child, and the first 2 were C-sections (both C-sections were unplanned, but the circumstances forced the doctor and my wife to make those decisions ). My wife was able to successfully have a normal delivery this time (VBAC). Now we got the bill from the doctors office and on it is $3,947 for the delivery and insurance is not covering any of that. The note says "PR50: These are non-covered services because this is not deemed a 'medical necessity' by the payer." + + +What did the insurance want my wife to do, hold the baby in?! + + +Any help would be much appreciated. + + +Edit: Here's the codes on the bill - 654.21, 650, V27.0, V22.22 + + +Edit 2: Thank you very much for all of your advice, PF! My wife spoke to the billing person at the doctors office and even they agreed that it's not correct, and the billing person will look into it and get back to us soon. Thank you so much to all the helpful people. +TLDR: [Author](https://www.goodreads.com/author/show/17286980.Steve_Oliverez)/Investor, bought ~$100,000 of SPX calls late November through December betting the whole market would go up fast in Q1. It did, and I was able to sell a bunch before February came and wiped out the value of the remaining options (*As I've said before, options trading is extremely risky and buying out-of-the-money options even more so). [Total profit, ~$2,500,000](https://ibb.co/gk0bax). + +Many of you know I was posting about $100k in SPX calls back in December and then January when the value started taking off. Figured I owed you an update. + +Why I bought a crazy amount of SPX calls: +Congress passed a bill slashing corporate tax rates in December. The last time corporate taxes were reduced so much was back in 1986. So I looked at how the market reacted at the beginning of 1987 and saw a huge spike in the S&P 500 in the first quarter. + +I wanted to bet the market would react in a similar fashion. I looked through various strike prices in Jan-Mar and modeled which ones would have the highest payouts if Jan 2018 was a repeat of Jan 1987. I also ran a few more conservative scenarios and bought options at those inflection points as well. Many of these options were so far out of the money at the time they were selling for under a dollar. With volatility so low a melt up wasn’t being priced in at all so I put in every dollar I was comfortable losing. + +January turned out to be the best first month of the year for the market in more than two decades. The value of the options skyrocketed, some by as much as 5000%. + +I was excited and terrified for the same reasons I bought options and not futures or heavily margined shares in the first place. Going back to 1987, there was eventually a large crash (Black Monday) that wiped out most of the gains for that year. I also knew we were currently going through one of the largest stretches of market history without a substantial pullback. I was pretty sure the market was going to go up and fast, but it was like a game of hot potato to lock in gains before a major correction happened. + +With that in mind I actively sold off chunks of the investment as it went up in January. Since I didn’t know if or when a correction would happen, I wanted to make sure I locked in as much profit as possible. + +I was still holding the bag on a bunch of these options when Feb came and wiped them out, taking a large amount of paper gains with them. Another green week and I definitely would have been into yacht-money territory with this trade. + +Still, I’d managed to sell enough in January to lock in two and a half million dollars from a $100k investment. + +Aside from NVDA leaps I picked up last year and stocks I plan on holding indefinitely, I'm currently mostly in cash waiting to figure out the next move. +Martin Shkreli is posting pretty awesome finance lessons on his Youtube channel. If you are looking to gain great insight into the world of investing check it out. Just watching him in a spreadsheet is impressive. + +**Shkreli knows what he's talking about** + +Here are links to each: + +1. [Lesson 1- Introduction to Investing and Finance](https://www.youtube.com/watch?v=ARrNYyJEnFI) +1. [Lesson 2 - Income Statements, Balance Sheets](https://www.youtube.com/watch?v=6rgGgCkEokU) +1. [Lesson 3 - Apple Model, Discounting Cash Flows](https://www.youtube.com/watch?v=F9D2704NolU) +1. [Lesson 4 - IBM Model Valuation](https://www.youtube.com/watch?v=TRXqVOrdsz0) +1. [Lesson 5 - Tech Industry Universe, More Modeling](https://www.youtube.com/watch?v=unI4MbTY1lY) +1. [Lesson 6 - No Title ](https://www.youtube.com/watch?v=_8iWlaA_uVg) +1. [Lesson 7 - No Title ](https://www.youtube.com/watch?v=KGZHZ_l8Kpc) +1. [Lesson 8 - No Title ](https://www.youtube.com/watch?v=XG1yVS3Ot_E) +1. [Lesson 9 - Valeant Pharmaceuticals ](https://www.youtube.com/watch?v=3JlX2FRBqic) +1. [Lesson 10 - No Title ](https://www.youtube.com/watch?v=Ff9trv0ze4M) + +Martin does a skilled job of helping investors understand the language of accounting, business, and investing. He has around 10 finance videos at the moment (and growing). Each one has been enjoyable and packed with valuable information. I will throw some more links up tomorrow. + +**Two thumbs up!** + +------ + +Update: + + I see plenty of personal attacks on Martin in the comments. + +He's a super smart guy. Also I had a question about a vid, he replied. + +He's lecturing about finance & chemistry. That's dope af. + +The whole media coverage is just one flat side of the story. + +**I suggest you learn both sides before casting judgement** + +Added the more of the video links. + +After showing you how the [Federal Reserve & FDIC are crying to Wall St for help](https://www.reddit.com/r/Superstonk/comments/yc0jcv/jacked_the_fed_fdic_are_crying_for_help/) on whether or not they should handle big banks failures by [selling crappy destined-to-fail bonds to bagholders](https://www.reddit.com/r/Superstonk/comments/yed0dv/fed_to_wall_st_should_we_find_suckers_and/), this post is about **what the Fed & FDIC are prioritizing** and **how the scam works**. + +# Preserving "Franchise Value" + +The Federal Reserve & FDIC proposal on how to [enhance regulators’ ability to resolve large banks in an orderly way should they fail](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221014a.htm) \[[PDF](https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20221014a1.pdf)\] highlights an interesting goal to **preserve franchise value:** + +https://preview.redd.it/j5z4baaur0x91.png?width=3120&format=png&auto=webp&s=c5cd1fbb843b1f1a8aeda5e95e0e0740650d8f6f + +There's a 1996 paper titled "[Banks with Something to Lose: The Disciplinary Role of Franchise Value](https://www.newyorkfed.org/research/epr/96v02n2/9610dems.html)" \[[PDF](https://www.newyorkfed.org/medialibrary/media/research/epr/96v02n2/9610dems.pdf)\] with the Federal Reserve Bank of NY which explains that **Franchise Value** is the stream of profits a bank is expected to earn. + +[Banks with Something to Lose pg 1](https://preview.redd.it/4f4wtvx1x0x91.png?width=438&format=png&auto=webp&s=554b57ffa930bd70473d96ce620a717bdcc4b9bb) + +Basically, the Federal Reserve & FDIC wants to **keep banks profitable**. This is not very surprising considering that the Fed is basically run by people from banks and banks are insured by the FDIC which, as an insurance company, isn't too keen on covering people for losses from a bank failure. + +Notably, franchise value comes from (1) "access to markets protected from competition" and (2) "valuable lending relationships" which are just fancy words for saying (1) regulations to keep others out of their game and (2) making money on loans. + +The interesting thing about Franchise Value is economists and the Fed ***stupidly*** see **profitable banks** as a way of reducing risk ("Franchise value can help reduce excessive risk taking because banks with high franchise value have much to lose if a risky business strategy leads to insolvency."). + +The basic idea behind focusing on Franchise Value is: + +* Someone with nothing to lose (low/zero Franchise Value) is more likely willing to take on a lot of risk to try and make it big. +* Someone with a lot of money & assets (high Franchise Value), has a lot to lose so they will likely take fewer risks. + +Seems pretty reasonable, right? + +***Except*** there are federal safety nets for banks screwing up (e.g., [Federal Reserve discount window](https://www.newyorkfed.org/banking/discountwindow) and [Federal Reserve Overnight Reverse Repurchase Agreements](https://fred.stlouisfed.org/series/RRPONTSYD)) which help banks buffer and avoid insolvency when they make bad investment choices. These safety nets allow banks to take on more risk knowing that the US Government (and, thus, all of the taxpayers) have got their backs which creates a "moral hazard problem". + +[Banks with Something to Lose pg 3](https://preview.redd.it/95gw6ahc01x91.png?width=850&format=png&auto=webp&s=e0f5744fae99a49d0070f8ac2ebffe7057c864aa) + +The powers that be made this "moral hazard problem" much worse after 2008 when *big banks* were [Too Big To Fail](https://en.wikipedia.org/wiki/Too_big_to_fail) *leading to taxpayer bail outs* \[[Too Big to Fail Banks: Where Are They Now? (Investopedia)](https://www.investopedia.com/insights/too-big-fail-banks-where-are-they-now/)\]. + +So instead of the simple Franchise Value consideration above, the safety nets created a moral hazard problem so that: + +* Someone with nothing to lose (low/zero Franchise Value) is more likely willing to take on a lot of risk to try and make it big. +* Anyone big but not big enough (moderate Franchise Value) is going to make a run for TBTF to get the safety nets. +* Those who made it to TBTF with a lot of money & assets (high Franchise Value) are backed by the Federal Reserve, FDIC, US Government, and taxpayers so these financial institutions can take *more risks trying to make even more money because* ***nobody will let them fail***. + +Here's a dumb ape chart of what this looks like: + +https://preview.redd.it/5su8ypalc1x91.png?width=2572&format=png&auto=webp&s=ffb2017798751054837b07c0cfedc837cb1d6317 + +This is why we saw in [JACKED: The Fed & FDIC are crying for help](https://www.reddit.com/r/Superstonk/comments/yc0jcv/jacked_the_fed_fdic_are_crying_for_help/) the Fed proposal said large banks took more risks with more uninsured deposits and international operations. **TBTF banks took on more risks and set themselves up so that letting them fail screws everyone.** + +https://preview.redd.it/an00whg4d1x91.png?width=700&format=png&auto=webp&s=f172eb813153c4d64eae50ff525b97c29ed2599f + +# Who Will Be The Bag Holders? + +As covered in more detail in [Fed to Wall St: Should we find suckers and bagholders for our failing banks?](https://www.reddit.com/r/Superstonk/comments/yed0dv/fed_to_wall_st_should_we_find_suckers_and/), **the Federal Reserve & FDIC are not asking financial institutions how to shoulder their losses**. + +Instead, the Federal Reserve & FDIC are asking Wall St financial institutions if they should require **"maintain\[ing\] long-term debt capable of absorbing losses in resolution" (aka bankruptcy).** + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 13](https://preview.redd.it/r1k1cmafg1x91.png?width=2296&format=png&auto=webp&s=1862185d098f153ba7e2836bb2f2738405215772) + +Where the fine print says, if the financial institutions fail, the long-term debt (bond) holders eat it. + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 19](https://preview.redd.it/tfnz1vnsg1x91.png?width=2304&format=png&auto=webp&s=0bd40f5a62fc6baec6ae762c1d5ebb6bcb2970bc) + +If you look at who buys bonds, Wall St pitches bonds to **risk-averse investors:** + +[https:\/\/www.investopedia.com\/ask\/answers\/041015\/what-kind-securities-should-riskaverse-investor-buy.asp](https://preview.redd.it/48qx7wksh1x91.png?width=1074&format=png&auto=webp&s=1f41bf9448e585f82b059d1ea518c9108d383afe) + +That's right! **Risk Averse Investors,** who want safe investments, should buy **Bank Products** and **Corporate Bonds.** + +Guess where the risk averse investors are? [Investors Risk-Averse When It Comes to **Retirement Savings**](https://news.gallup.com/poll/168197/investors-risk-averse-comes-retirement-savings.aspx). ***Retirements.*** + +So the Federal Reserve & FDIC proposal is asking Wall St if they should sell crappy destined-to-fail bonds to people investing their retirement savings where, if/when a bank fails, the bonds become worthless and retirements get wrecked. Remember when [Ken Griffin said teacher **pensions** are going to get wrecked](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/)? + +# Quick TADR Recap + +1. Big TBTF Wall St financial institutions have no fear of failure so they take on *extra risk* to try and make more money. Because greed. +2. Degenerate gamblers at TBTF financial institutions inevitably lose money in risky investments (in this case, to apes though it doesn't really matter). As these degenerate gamblers lose money, they have less to lose so they're *more willing to take on more risk*. +3. Federal Reserve & FDIC propose these near insolvent TBTF financial institutions sell bonds ("long term debt") which are mainly targeted to **risk averse investors** who want a safe place for their **retirement savings**. +4. If a TBTF financial institution goes under, the bonds become worthless and **retirements get wrecked**. +5. In order to prevent retirements from getting wrecked, Wall St (including the Fed & FDIC) is selling the idea of "**preserving franchise value**" meaning keep the TBTF financial institution(s) profitable. + +This is how Wall St ensures heads they win and tails you lose. + +# The Scam Revealed + +The entire problem is **TBTF financial institutions are never at risk** of failing. This leads to every financial institution being *incentivized* to achieve TBTF status so they can take advantage of all the safety nets and backing by taxpayers. + +Even now, the [Fed & FDIC proposal](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221014a.htm) \[[PDF](https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20221014a1.pdf)\] for handling big bank failures is simply using bonds to shift losses away from the banks who made bad bets to investors looking for a safe investment for retirement. This forces taxpayers into a standoff where the banks either get bailed out again or retirements get wrecked. + +TBTF institutions need to be held accountable for their losses just like everyone else. + +# Next Up - Commenting to the Federal Reserve + +Stay tuned for how to comment to the Federal Reserve. + +Please feel free to suggest any thoughts you might have on how the Federal Reserve should manage and prevent TBTF bank failures without screwing over taxpayers. A few of us (including u/Conscious_Student_37, u/Klone211, and u/dmurrieta72) are looking at this and would appreciate ideas and help. + +&#x200B; + +EDIT: Minor readability edits soon after posting. Sorry! + +EDIT #2: It's actually more insidious. The proposal is to use forecasts and predictions ("ex ante") to decide if the long-term debt bonds need to be sold. If a large bank is **predicted** to eat it, then the bank would need to sell these bonds. + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 11](https://preview.redd.it/i2k0ddiag2x91.png?width=2296&format=png&auto=webp&s=ce35604c84468443336a1962c94e6db5d72cad9d) + +These bonds are only required if a bank is predicted to run into trouble specifically for the purpose of taking on losses first; solely to throw investors under the bus to save the bank. +I've been reading a lot online and according to my age (26) its widely thought that I should be heavily weighted towards growth stocks instead of dividend stocks (some sites even saying 100% growth). I appreciate the fact that I have time to recover losses etc however surely starting a heavily weighted dividend portfolio makes more sense while being younger? More time for the snowball to grow etc. I know this is a dividend sub so will be biased towards dividends but in your own personal opinion/experience what would you suggest the split between growth and dividend be? + +I've said dividends too much in this post. Dividends. +Let me start by saying Happy Thanksgiving! I was looking at TM, and it seems a good buy, yet I never hear about it as a dividend stock. It has an annual dividend of $4.90, 2.13 yield with a stock price currently at 184.81. It's up 31% over the year and 61% over last 5. TM has payed out a dividend the past 18 years, so it's not like they are new to dividends. + +What's your thoughts? In comparison, our beloved JnJ stock, $160 price currently, is up only 11% year, and 38% 5 years. It's annual dividend is $4.24. (I know different area of stock, just trying to show a comparison) +I think swing trading is a fools errand. I just want to admit I have a gambling problem, and warn those who are new that the risk is very real that you can lose almost everything you put in with nothing to show for it but a handful of bad days. This is not a way to get rich quick, and it doesn’t matter how good you are at models/math/fundamentals/etc you won’t have a secret formula or edge against the market. Just buy passive instruments and make consistent contributions. I’m personally going into bonds. Idc if the returns are lower, at least they aren’t negative. + +Edit: Thanks for all the constructive feedback. I really didn’t expect this post to get so much attention. I unintentionally learned a lot and plan to start backtesting as well as trimming the amount of methods I use. Still plan to find a safe place to put my money while I do this, but will likely pour over some bond charts before committing to entry points. +**[Article](http://www.sun-sentinel.com/business/tourism/fl-royal-caribbean-avid-cruiser-20160429-story.html)** + + +**[NYT Video](https://www.nytimes.com/video/opinion/100000005798480/the-happiest-guy-in-the-world.html)** + + +**Highlights:** + ++ Mario Salcedo spends 350 days/yr over past 20 years on cruise ships equalling over 950 total cruises. + ++ Salcedo spends about $65,000/yr sailing on a mix of Caribbean cruises and transatlantic crossings, always booking lower-priced interior cabins to keep budget in check. + ++ 700 nights qualify for Royal Caribbean’s highest level. Salcedo has about 6,000. The rewards also include free unlimited internet access, which Salcedo said enables him to do business at sea. + ++ “I spend five to six hours per day running the business in my pool deck office," Salcedo said. "Without internet access, free or otherwise, I would not be able to live on a cruise ship." + ++ On a typical day, Salcedo works from 7 a.m. to 2 p.m. and then closes shop to take a dip in the pool or spend time with friends — ship-based friends, because he's lost touch with most friends on land. + ++ Salcedo, 66, was director of international finance at a multinational corporation in Miami when he quit his job in his mid-40s to fulfill two longtime goals: start his own small business and travel the world. + + +**Discussion:** + + +This is an example of a really unique goal for FIRE and also a rare concrete example of someone who is actually living out their FIRE dream and providing the financial numbers. Using the 4% withdrawal rule, one could achieve the same results as Mario retiring with $1,625,000 in investment assets. This would allow one to withdrawal $65k/yr for an all inclusive cruise covering food, housing, and utilities for one year. One could also supplement with an internet business, similar concept to what Mario is doing. + + +Anyone else have any thoughts on this? + + +First of all, this is my first time writing out a full DD and there are gonna be gamma errors so please forgive me haha. I woke up in the morning and started my usual morning routine on superstonk and I came across this post. [619.15 DD](https://www.reddit.com/r/Superstonk/comments/oe2sar/61915_that_is_the_conservative_long_term_fair/h44vosk/?context=3) In short, this user did a comparison between gamestop and amazon and he compared the sales and then came to a conclusion of 619.15 as a long term price. I disagree with his post because it is much higher and OP did not account for a lot of factors and i will touch on them. Please feel free to add or critic because I can be wrong too. Also I am not a financial advisor nor this is financial advice. + +To start off, there are many ways to value a company from a fundamental standpoint and I will use the easiest way which is to price in the future cashflow and profit margins and then slap a multiple on it. I been a technical trader for years and I have been studying more fundamentals in the past 12 months so please feel free to comment your thoughts. The great thing about fundamental analysis is the fact it can be slighty off and it will never be to the dot which is why some stocks are undervalued and overvalued because of the different models investors are using. Anyways in the dd, OP just found amazon revenue and determine what portion was in the same market as gme and then did a little estimate on the amount of market gme can steal from amazon. OP did not take in account the entire market but rather just sales from amazon.... He also did not take in that gme has part of the market share and they have sales already. Personally, I know there are a lot of tech and video games places like best buy, Walmart and others and I am not even a gamer. So if OP wants to compare the sales this way, he needs to dig deeper and find all the tech being sold or in other words, the totally addressable market. I can't remember the number on top of my head but gaming is like a 150 billion just for gaming and if Gme starts selling tech like computers, phones, tablets etc then the market for that is wayyy bigger at 1.6 trillion. Some will add the NFT and since it is not here yet, imma leave it out but if NFT is added.... that is a new space and Gme can take the lion share of that market. + +Another point OP missed out is the profit margins, Amazon has a profit margin about 7.5% and Amazon spent billion on before turning in a profit because they wanted to scale. Similar to any growth company, the smart move is the invest the profit back in to scale up and that is exactly what Chewy did and they were not profitable when they ipo because all the cash was put back into the business. So if Gme can have a higher profit margin than amazon, the valuation will change dramatically and I can't say for sure because gme is still in an early stage as a tech company and I need to see more financial statements to come to a conclusion. For now, let's just assume gme profit margins on selling tech and video games are the same because I don't have the data. + +Next factor OP forgot was PE ratios! If you don't know what PE ratios are, it is essentially investors pricing in future cashflow and profits and PE are low for stable companies such as banks and essential companies like walmart. On the other hand, PE ratio is insanely high for growth companies and especially tech, take a guess at Tesla PE or Apple PE ratio. They are trading really high and there are many DDs on the sub that touch on the PE ratios and how overvalued the stock market is. I am not going to go into detail since this is on the gme valuation. Currently, the market is still pricing gme as a brick and mortar company but once the sentiment changes to a growth company and the market gives gme a growth company PE ratio, that would be a 5 to 10x on the price minimum. Brick and mortar typically trade at a 5x multiple..... So if gme trades at a similar PE to amazon or apple (they are trading at 40x right now), that would be a easy 8x on the price. This will happen in the long run as gamestop improves their fundamentals more and more and comes across a tech company and have growth priced in. This may take 3 to 5 years and it will allow gamestop to be a 100 billion plus company in a few years if they manage to grow their sales and profits. REMEMBER, N K L A, it is still worth 6 billion as of now on no sales and multiple frauds....... Its a GrOwTh CoMpAnY as wall street would say. It was trading at like 93 bucks at the peaks and nearly 50 billion in valuation on no damn sales. Talk about PE ratios..... The market was pricing in huge growth and pumping it up and it is still worth like half of gme on no sales.... The market tends to be really stupid in the short term so it may take time to come into fruition. + +Lastly, another big factor to a fundamental valuation is the management team. We got Ryan fucking Cohen and Matt from amazon and Cheung from chewy and Countless other amazing execs from notable companies. We saw how Cohen turned Chewy into a huge successful but this time is different. Gamestop has more cash than chewy (2 BILLON!) and more established since Gamestop being around for decades. Not to mention that Gamestop has a way bigger market than Chewy and Gamestop has millions of loyal customers that are supporting the company. Gamestop is a well known name due to the Jan mini squeeze and the branding is there! That is worth billions on its own..... Coca cola brand is worth like hundreds of billions because it is so well known. Gamestop is well positioned and I fully trust the team to change the world and My tits are jacked! + +In conclusion, Gme is worth a lot more than 619.15 in the long run (3 to 5 years). If I had to take a guess, GME would easily be worth over 100 billion in market cap in 3 to 5 years and that is purely on the pe ratio shift and I am not accounting the NFT opportunity and the other rumors such as partnerships and turning into a gaming center and esports. So imho, Gme is at least worth 1000 plus per share just on the PE ratio shift and I am being conservative asf. If NFT happens...... that is at least another 50 billion in the long run! I kinda dream of Gme of being a trillion dollar company one day base on Fundamentals if everything goes right.... but that is like 20 years down the road and I will def hold my shares forever. + +TLDR: Gme is worth at least 1000 a share and that is being conserative. Buy and hold! Tits jacked.🚀🚀🚀🚀🚀💎✋🚀🚀🚀🚀🚀 + +Edit one: Some people are saying I have no source to back up my DD. Remember when dfv was asked what is the price target? He said no precise pt but just up? The thing about fundamental analysis is the fact it is not perfect and when you are doing the analysis, you want to be as close as possible. If you really want to get down to the details, then try to predict the macro and micro favors like interest rates, taxes etc. It is impossible and it is discounted. So I gave out a conservative number to factor in the bumps and all the future unknown factors + +Edit two: can somone predict the macro and micro factors in the next few years? Something likes taxes, interest rates, is there gonna be a economic crash, is the fed gonna keep printing all have big effects on the GameStop business. My DD is fairly conservative as I only took the PE ratio into account and I did not add the Nft, esport and many other opportunities. When doing a fundamental analysis, you gotta be conservative as possible because things can go wrong that you can't foresee so you get a price then you slash it by a bit to be conservative + +Edit three: some of y'all want numbers. I don't want throw numbers but here is some basic math for those. Let's just assume the gaming market is 150 billion and gme takes 10% at a 10% profit margin on a 30x multiple. That brings the valuation to 45 billion. Which is roughly 600 bucks a share not adding anything else. Let's bring the esport in too, so gme captures 10b of the market at 10% profit margin. That is another 30 billion on the valuation. So 75 already. Obviously these numbers are a few years out and assuming they can have those margins. You can play with the numbers aggressively or conservatively. This is base on the current markets and not assuming growing markets and no nft. Just purely sales and profit margins. +Hey guys so a couple months ago I saw a college card was opened under my name in Wells Fargo. I never opened a credit card before because I’m only 19 years old and and I confronted my parents and they said it’s just to help build me some credit. I didn’t like that they didn’t tell me but I dropped it for a little. Until I saw the balance on that card went up to $350. I decided to use Credit Karma and found that I have 5 credit cards under my name, one of them is 101% using the limit and another one 91%. My total outstanding balance is $9808. I’m only 19 and don’t have a job to pay this off. I know this is fraud for my parents to open credit cards under my name but I’m scared to file a report. If they go to jail who will take care of my 14 year old brother and my two dogs? I’m also attending college how will I sustain myself? Please help me on what to do +My family is not wealthy, but three years ago I started a college fund for my oldest son. It's a 529 account. The market has beem violently crapping the bed the last couple of years, and the account has only lost money. On top of that, my kid is now in 12th grade and is not interested in college. + +Even if he does end up deciding to go, at this point I don't think there's enough time for the market to turn around and start posting profits on this account. It seems wiser to withdraw and just put the money in a basic savings account. + +I'm guessing I don't have to pay taxes on the money if I withdraw it, since it hasn't posted an actual GAIN. But do I still have to pay a 10% penalty on the money? Is there any way to get this money out without losing even more? +*Today marks the beginning of the five-day festival of Diwali, when Hindus worship* [*Lakshmi*](https://www.libertypuzzles.com/userfiles/media/images/10708/lakshmi-image-watermark.jpg)*, the goddess of wealth. It's considered good fortune to buy gold* + +# UNITED STATES + +* The jobs report released Friday beat expectations nicely (Actual 250 | Expected 200) + * Women are entering the workforce at a record rate, outpacing men + * Hourly **wage growth** exceeded 3% for the first time in 9 years  +* Stocks prices are starting to look attractive again with many pricing in close to zero earnings growth ahead + +### OTHER + +* Full-time **employment** in **Canada** came in higher than expected (Actual 33.9| Expected 20) + * The **unemployment** rate remains at multiyear lows + * However, **wage** **growth** is slowing  +* US sanctions were lifted on **Turkey**, giving a boost to the **lira** +* As of today, Venezuelans will be able to purchase the government’s mysterious **cryptocurrency**, the petro +* **Iranians** protested, chanting the classic “death to America” when **sanctions** against its oil and banking industries were reimposed on Sunday + +### CHINA + +* Outlook uncertain  +I recently re-tested my finance/numbers with online bank calculators and noticed that my borrowing power has dropped \~$200-300K compared to a year ago when I ran the numbers with the same income. Is this correct? If so is this due to rising interest rates? +Their trading volume has been consistently way higher than ETH (polo) and I don't understand why so many people appear to be supporting these two cryptos which appear to be massively centralized (e.g. creators hold like 80% supply) and have a MUCH weaker value proposition than ETH. + +All these huge gains by so many altcoins makes me a little insecure about the gains that ETH has achieved. I thought the rise was on the merit of ETH, but there appears to be so much stupid money flying around, maybe it's not. + +When will the money get smarter? Or have I just drank too much kool-aid :) +Ethereum's had a ton of news lately. I mean, a sleuth of great news. Last year we were BOOMING because of much smaller tid-bits and rumors. Lets take a look: + +&#x200B; + +Goldman Sach's says ETH will beat BTC: [story here](https://lapostexaminer.com/safetitan-ico-delayed-while-jack-dorsey-prefers-hams-over-goldman-sachs-pick-eth/2021/07/14) + +Got the ETF listing in Brazil, a first in Latin America : [story here](https://cryptopotato.com/brazils-sec-approves-first-ethereum-etf-in-latin-america/) + +Visa said there was $1-billioon in crypto spending: [story here](https://www.bitrates.com/news/p/visa-sees-1-billion-of-crypto-card-spend-this-year-eth-doge-axs-jul-13) + +&#x200B; + +How is it possible, ETH is still going under $2k? + + +I do know financial markets drop in June and September. However, we're in July going towards August. Does this mean another crash is likely coming? +Hey Guys/Gals, for those of you who lived through 2008, us young’ns would love to hear your story of how you acted during the financial downturn. + +Did you follow your plan or did you get swept up in the emotion of the times? + +This line of questioning comes from some recent convos my wife and I have had around building a real estate portfolio. Just this weekend she mentioned that she was excited for a “real estate pull back“ so we could buy more investment properties. + +This lead to a conversation around what it must have been like during the last correction and whether our emotions would impact our thoughts around buying. + +For me personally I had just started investing in 2007 and I vividly remember the 2008 drop and I most certainly didn’t follow my own advice pulling out my “hard earned $50k“ when it hit $29k. + +Today the stakes are much much higher but it is hard to put myself in the shoes of 2008 and imagine how I/we would act. + +I also can’t help but notice that our plan to “buy the dip“ sounds an awful lot like the crypto subs during the winter bull run. lol. + +All this said, today we’re cash heavy with houses and cars paid off... and with a possible liquidity event in the near future we’ll be insanely cash heavy so we’re beginning to think about our ideal asset allocations. + +Both of us are concerned about a trade war and the state of the short/long term credit cycles so we’ll probably end up slanted much more towards bonds/CDs/treasuries then most people would suggest. + +All this said, we’d love to hear other /r/fatfire -ers stories about 2008 and how you felt living through that time. + +**Related:** Just today I stumbled across an old episode 2008 episode of This American Life (https://www.thisamericanlife.org/365/another-frightening-show-about-the-economy) which we’re listening to as we speak. Even the tone of the show is foreign and somewhat refreshing to hear. + +Look forward to the awesome conversation as usual. +Ya’ll !!!!!! Jobs are income that allow you to HODL!!!!! What if you quit and then get in a car wreck or need money ASAP all of a sudden!!! Don’t put yourself in that situation, for your future and other GME HODLERS!!! Seen too many posts about resignations to ignore! PAY YOUR DUES NOW SO YOU CAN HODL AND NEVER HAVE TO PAY THEM AGAIN! End of rant. +We live by Austin TX and our house is way up in value but our interest rate is 3.5% so better to take a heloc to buy more rentals? + +What is the interest rate on a heloc? I need to learn more about this stuff. + + We have a rental that's paid for in Minnesota bringing in $2300 and one in North Dakota that's bringing in $650 but need more rental properties. + +There are a lot of small properties in small towns listed for $100k that bring in $800-$1000 a month. + +I'm a remodel contractor my wife has a corporate job she hates We want to replace her income with rentals in the next couple of years. She's trying to find a 100% remote job. So figured get a heloc before she quits. + +Anyway need some guidance. Thanks +So I’m looking at my first investment property with a mortgage . I’m trying to run numbers and decide whether its better to put more down to make more cash flow each month or if its better to put less down. For my example, purchase price is 245k. If I put down 40k my cash flow is +358/mo. If I put down 20k my cash flow is +250/mo. If I go FHA (primary residence loan) for 3% and put down $7350 my cash flow is +187/mo. Then I put my numbers together to come up with Cash on Cash return which resulted in 7.95%, 8.8%, 10.5% respectively. The more I put down, the worse my COC;the less I put down the more my COC. So the question is, which is better to have, higher cash flow or higher COC. What are some of the benefits of putting less down? +I signed a 3 year lease in starting May 1, 2017, which technically ended April 30, 2020, smack in the middle of our shutdown for covid (Iowa). The landlord said I had to continue paying rent while we were shutdown, I did ask two times for assistance, each time I was told to get the PPP. I got pissed and tried to find another building but the space we have, almost 14k square feet at 4500/month, there was nothing even remotely close. We are also located in a commercial area next to Walmart, restaurants, grocery store, shopping, etc. Until this point, he’s been amazing. Has loved what we do for the kids and community. So at least I know he’s not a complete tool. + +Long story short, things are pretty much back to normal, we are filled at over 90% of enrollment and trying to keep up with the demand. + +This is the interesting part...I contacted the landlord to ask about purchasing the property. I did this about a year and a half ago as well. He told me he had the property appraised and the asking price was 1.2 million. Over the last couple weeks I brought in several contractors to get a bid on replacing the HVAC system, replacing sliding doors that don’t work consistently and a small remodel that I would like to be done along with a few other smaller issues. About $75k total on the high end. + +My appraisal guy came back with $1.075 million. So $125k less. I talked to the bank about financing if I could get it at the $1.075m. I received an option of: +*10% down +*Bank finance 50% at 3.5% 5/1 ARM, 20 year amortization +*SBA finance 40% at 2.5%, locked in at 20 year +Payments would be less than 4500. + +Cut to Wednesday night when I’m talking with the landlord...he’s willing to work off of the $1.075m. So I figure 50-75k off to do the few fixes, so essentially a million dollar loan. He says, “let’s just do 200 payments at $5k a month until it’s paid off, no early penalty prepay.” + +So my understanding of this is, I’m getting an interest free loan of a million dollars for this building. Every payment I make is pure equity. Am I right about this? I told the bank this and she was stunned. + +Anything I should be looking out for?! Anything I need to ask a business attorney about or have in a contract? + +He is a doctor in his late 50s and owns a good amount of property. Some of the corporations that rent his land or space are Sam’s Club, Perkins, Abbadent Dental, a car dealership...so he’s not going broke anytime soon. + +I’ll answer any questions if you need more information. +There are a lot of people on the sub hypothesising what they will do, or sharing stories of how they have just hit fatFIRE, but I'd love to hear or see a link to at least one story of someone who has been living entirely off their assets for say the past 15 years ie including a major correction. Is there anyone here who fits their description and can share their story of actually living that lifestyle through all the ups and downs over that kind of period? +Parents are kicking me (20f) out for being depressed I’m in £4,000 of debt what do I do? HELP + +I’m not 100% sure how to start with this one. + +I’ve been depressed for a long while but I was diagnosed 2 years ago. Initially, I didn’t tell either of my parents but I ended up opening up to my mother which was a terrible mistake. + +Since then she’s been angry at me because I “have no reason to be depressed” and I need to “rejoin reality” and “if I just got out of bed and exercised I would be fine.” She picks on my failures every time she feels like it safe to say I can’t particularly heal. + +I’ve tried my very hardest, I’ve discovered some of my weak points and made an effort to rectify them. I used to work as a lab technician 44hrs+ a week when I collapsed at work leading to my diagnoses. + +At the start of quarantine I realised- when I didn’t work as much- that work was a huge part of my stresses and anxiety so I made the decision to change my career. I have good grades and have always dreamed of doing a degree it is by far one of the most important things to me. My parents however believe people with degrees to be stuck up and that they “don’t know anything.” Initially however, I seemed to have the full support of my parents to work part time and study. More recently this has shifted into “how I really ought to be working full time because there is nothing wrong with me.” Despite quarantine etc. I did manage to get 21hrs in a supermarket last month and I have done full time hours in overtime- I really pushed myself. + +Regardless for the last three weeks, due to the spacing of COVID tests we have been isolating. My sleep schedule eventually reversed mainly because I slept in the day to avoid my parents- this really angered them. I’ve had to cancel my counselling on zoom because my mum has insisted on listening in because she wants to know what my counsellor is putting in my head. I’ve asked for privacy but she says that I won’t tell her what to do in her house. + +Now they have told me I need to get out of their house because I am a lazy layabout who needs to get over myself and I am not welcome to live off of them- as a side note I pay my own bills, food, and own my own furniture. I have never paid rent for them but I have never been asked to, I have instead bought supplies for the house when asked. I don’t think I can get better in this house regardless. + +As for how I have accrued the debt, I went through stages in my depression of buying things in an attempt to fill the void. Unfortunately, should I sell it, nothing I have bought will even nearly dig me out of the hole I’m in. It’s shared across credit cards, PayPal and tech repayment. + +Lastly, my boyfriend and I are long distance. His mother has invited he and I to Spain to live with her. This would mean however that I would lose my job- I don’t know how at that point I would keep up my repayments. I desperately want to complete my degree and I don’t know how that can be possible. Lastly, should I got to Spain my Spanish is weak. My boyfriends mother is a language teacher but obviously this becomes and immediate barrier in getting a job. + +My only other option as far as I can see is selling my car, (although it may not raise the full amount) going to Spain and attempting to earn money to come back. I love my car, it’s my first- it’s also my only way of getting around and it might become a barrier in getting a job when I return- if I can. + +I’m scared, I’ve never faced homelessness and I’m worried about ruining my credit score and never being able to move forward. What do I do? + +Also I’m sorry if this made little sense, if you need clarification please ask me. Thank you for reading. +I’m a new invester, so I’m not old enough to remember anything about 2008 or the years after. What was the reason the Fed didn’t start raising interest rates once the economy was doing better after the financial crisis? Like starting in 2013 or 2015? I can’t really find a clear answer online. +&#x200B; + +This is purely my own speculation, however I am making it a point from this moment forward to follow the trail of ETF's to bring to light the number of FTD's that are hidden....this all trickles down to the options chain....then to the married puts, then shorting...If you read that much then you already know where to look + +Let me get one thing straight, I'm the little guy who has limited knowledge of where to look, my research is on the piggybacks of those before me.....in hope to provide additional information. + +**Part 1** + +**The Fails To Deliver** are being hidden the **ETF's** which is where the rabbit hole goes...IMO and TBH the research needs to look elsewhere at the **ETF's as that's where the manipulations is.** From what I have read from the **Castle Of glass / Game On Anon** there is a reposted to be **5.6 trillion worth of common stock traded through** **ETF's** + +The focus needs to move past Shitidel and other shorts, the trash talking, the memes, and pictures with lights on are all fun, but that ammo is having a less and less effect. + +Finding the trail of ETF's is not easy as stated in the this God Tier DD, but the door is not sealed off completely + +Now in recent news from the so called twitter leaks and now a different platform that is highly underrated LinkedIn....I think the momentum is once again on the move and the curiosity will organically bring more people into question + +For anyone who didn't get around to the Castel of Glass here is the link again...I suggest you read it in its whole entirety. + +[**Castle OF Glass Game On Anon**](https://www.reddit.com/r/Superstonk/comments/ok2e0b/a_castle_of_glass_game_on_anon/) + +I have mentioned these persons below in hopes that they can either approve or discredit the links below...that are again piggy backed from from u/leavemeanon was trying to tell us in his God Tire DD Castle Of Glass + +u/3for100Specials + +[u/LordoftheEyez](https://www.reddit.com/u/LordoftheEyez/) + +u/presidentme + +u/theta-voidance + +&#x200B; + +**I think** u/leavemeanon / MjB **was searching here** + +Here is a PDF from Harverd Law that has more information than one can read in a whole day...I believe it is here that the true amount of ETF's are hidden and from that a closer look at how many FTD's are being hidden + +[http://www.law.harvard.edu/programs/olin\_center/papers/pdf/Bebchuk\_1004.pdf](http://www.law.harvard.edu/programs/olin_center/papers/pdf/Bebchuk_1004.pdf) + +&#x200B; + +**Here is another of where it clearly shows that the percent of ETF's represent 36% of all Stock Market Trading back in 2016** + +[https://www.nber.org/system/files/working\_papers/w22829/w22829.pdf](https://www.nber.org/system/files/working_papers/w22829/w22829.pdf) + +&#x200B; + +&#x200B; + +&#x200B; +(* In my opinion...) + +(** WARNING: Long Post!!!) + +--- + +**TL;DR:** Set up three accounts: Expenses, Savings, and Flex. Expenses are bills (on auto-pay), Savings is whatever you want to save, and Flex is your paycheck-to-paycheck spending money. :) + +# Background + +I personally feel like budgeting has a bad reputation. It's a scary word that conjures images of Ramen noodles, coin counting, and file cabinets swelling with paper receipts of every KitKat™ and pair of socks you bought over the past 15 months. + +It doesn't have to be this way. It shouldn't be scary. It isn't! In fact, budgeting can be fun and *incredibly* relieving once you start seeing the numbers laid out before you in an organized fashion. + +First off, I have seen this method written about, blogged about, podcasted about, and Youtubed about many times before, so I do not claim to be the author or inventor of this method of budgeting. + +However, I did accidentally start budgeting this way and only after-the-fact discovered that what I was doing was a common way of budgeting! + +# The Philosophy + +In the simplest of terms, your money can be looked at in three ways: + +**1. Money for Expenses** + +**2. Money for Saving** + +**3. Money for Everything Else** + +That's it. Three lenses through which you should always look at your hard-earned money. + +### **1. Money for Expenses** + +Henceforth referred to as *Expenses*, this is all money that is spent on a recurring basis. + +It is important to note that for your financial protection, you should consider two types of expenses: *Monthly Expenses* and *Irregular Expenses*. + +#### - Monthly Expenses + +Monthly Expenses are billed every month. This is the most common type of expense. Two oft forgotten expenses are **debts** and **loans**. You should not treat these any differently than you do paying rent or paying for Netflix. The more you treat paying off that credit card balance as a monthly expense, the fast you'll have it paid off! + +Examples of monthly expenses are: + +* Rent or Mortgage +* Utilities +* Car Payment +* Insurance +* Internet and TV +* Cell Phone +* Debts and Loans +* Netflix/Hulu/HBO/Cinemax +* Spotify/Apple Music + +#### - Irregular Expenses + +Irregular Expenses are billed at different recurring intervals such as every three months, once a year, or once every two years. I've been burned too many times forgetting to budget for car registration only to be hit with an unexpected $150 registration fee that has to come out of my vacation fund or my emergency savings fund. Not good. It's best to budget for these types of expenses so that you're never surprised. Depending on the amount and interval, it will likely only be a couple dollars from each paycheck, so you'll barely notice a difference. + +Examples of irregular expenses are: + +* Car Registration (once a year) +* New Tires (about every two years) +* Oil Changes (for me, roughly every three to four months) +* Certain Print Subscriptions (quarterly or once a year) + +Calculate your monthly and irregular expenses into a single, per-paycheck value, and this represents the amount you have to save every single time you get paid in order to cover all of your bills. You already put them on auto-pay, right???? + +### **2. Money for Saving** + +Henceforth referred to as *Savings*, this is all money that you lock away in a savings account, only to be spent in an emergency, or toward the intended goal. + +Everyone already knows that you should have at least $1,000.00 put away into an emergency fund. If you didn't, then it's never too late to start saving! + +This, however, doesn't have to be (and probably shouldn't be!) your only savings goal. I have several personal savings goals that are divided out in a spreadsheet. For simplicity, I use percentages, but you could use dollar amounts, as long as you calculate the per-paycheck amount. + +Example savings goals are: + +* Emergency Fund +* Personal Fund (vacations, new computer, etc.) +* Investing +* Charity/Giving + +As with your expenses, sum together all of your savings goals into a single, per-paycheck value, and this represents the amount you have to save every single time you get paid in order to meet your goals. + +### **3. Money for Everything Else** + +It's been four months since you've even looked in your Expenses checking account since everything is on auto-pay and you know exactly how much money you need to save per paycheck to cover your bills. It's pretty freeing to never worry about forgetting a bill and being charged a late fee. (Note: You really should keep an eye on this a couple times a month just to make sure auto-pay did it's job correctly. If you change addresses or close/open bill accounts, then you'll want to monitor to make sure things don't go awry.) + +Your savings account is getting larger and larger, and you're becoming more and more protective of what money is in there. *"I have $5,822.46 in there now...I can get to $10,000.00 by the end of the year if I keep this up!"* + +So what about the leftover money from your paycheck? Money that isn't for bills or savings? This money shall henceforth be referred to as your *Flex* money. + +Flex money is similar to the envelope system in that it has no restrictions whatsoever. Use it for groceries. Go get a haircut. Buy those new shoes you want. Get another pint of your favorite IPA with that guy you just met on Tinder. + +Spend it on whatever you want. + +### **BUT...** + +Once it's gone...well...it's gone. You see, I've attempted micro-budgeting in the past wherein I set precise allowances for groceries, movies, barhopping, restaurants, new clothes, etc. The problem is it's never so cut-and-dry. Sometimes I would go two weeks cooking every single night...other times I wouldn't dirty a plate and go to restaurants every night with friends. + +The key, I found, was not setting restrictions categorically, but rather as a whole. Budgeting can (and should be) much more agile because as much as we might think we are, we are not creatures of habit. Things change. It's easier to adapt when you see your Flex account dropping: *$100*...*$56*...*$12*...**PAYCHECK!** + +After the first month or two budgeting this way, you'll develop a rhythm and cadence for your spending, and be good at watching your Flex account to make subtle changes in your spending. + +For example, I get paid this coming Friday. As of now, I have $18.00 left in my Flex account. I know that in order to avoid dipping into my savings accounts that I have to be careful how I spend my money between now and Friday. Technically I *could* dip into my vacation budget, but then I'll have to make up for it later. + +--- + +So that's it! A long post to describe a simple way of budgeting. I have seen it work for people like me (26 year-old, single Male) **AND** married families with multiple kids. It's just a matter of scale. + +### If you made it this far, you deserve to download my budgeting spreadsheet that should help you figure out your three budgetary divisions (Expenses, Savings, Flex). + +### [XLSX - Download this one if you have the newer version of Excel](https://www.dropbox.com/s/sscqk4zl91eklja/Budgeting%20101.xlsx?dl=0) + +### [XLS - Download this one if you have an older version of Excel](https://www.dropbox.com/s/qnx1zp6fmdi8apl/Budgeting%20101%20-%20Older%20Version%20of%20Excel.xls?dl=0) + +Definitely open it in Excel instead of viewing/editing it in a browser. Looks much cleaner in Excel. + +**NOTE:** Tables in the spreadsheet assume semi-monthly paychecks (24 total per year) because I'm paid on the 15th and 30th. If you are paid bi-weekly (26 paychecks per year) or at any other interval, you'll have to adjust the formulas in the semi-monthly column to reflect per-paycheck amounts. +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! + +> “At the very the least, they can read the riot act to Musk’s lawyer,” said Stephen Crimmins, a former SEC enforcement lawyer who’s now a partner at Murphy & McGovern. “Beyond that, if they feel he hasn’t lived up to his deal, they can theoretically seek to pull the settlement.” + +https://www.bloomberg.com/news/articles/2018-10-04/unrepentant-musk-calls-sec-shortseller-enrichment-commission?srnd=premium +In 2009 a family member persuaded me to get a joint mortgage with them for a buy-to-let properly. I was a teenager and stupidity agreed without much thought. The family member paid the deposit, rented the property and made mortgage payments for several years, and they profited off the rent (it exceeded the mortgage). I had nothing to do with the property other than it being jointly in my name. I saw no income from it and paid nothing towards it - frankly (and this is a bit embarrassing to admit) I forgot it even existed. + +In 2017 the family member got into financial difficulty with our joint property and several others he owned independently. By the time I realised what was going on, the mortgage defaulted. The default was registered in May 2017. + +The property was sold by the lender and I agreed a settlement with the mortgage company to pay back a small lump sum and they agreed not to pursue any further recovery actions against me. Following my payment of the settlement amount, plus the sale of the property, there is still £37k outstanding and the lender continues to chase my family member. + +I am single, renting and I have no other debt and no CCJs. I earn £50k p/a with savings of £40k. Will I be able to get a mortgage? I’m sick of renting - spending thousands of pounds each year for someone else’s benefit.  + +I suspect a lot of the advice would be to see a mortgage broker, but I guess I’m wondering if I should bother at all if the answer is likely to be no. +Hello...again... + +Original Post: [Held financially hostage (18f) by my brother...](https://www.reddit.com/r/povertyfinance/comments/u4w40u/held_financially_hostage_for_life_18f_by_my/) + +Sadly my brother has found my post history. This account will go quieter. I'm not only being surveillanced, but he also knows about me having changed all banking information about me and planning to move away. And all else from the above post... + +&#x200B; + +I need your help since he's urging me about some things... I mean, he's done quite a lot for me, he's taken over 2500 dollars of debt of mine and paid them off. He's picked me up when I was far away from home (100 miles)... and I can pay him out in case he wants that back. But he's pressuring me about him who would always let me live with him in case something happens to me and that I'm ungrateful for not offering him the same. + +&#x200B; + +He's currently threatening me about reddit knowing about our circumstances not fully or correctly, he's claiming this is all bogus and I should not listen to you all for advice, as you did not go through the life and obstacles he went through (him starting with 12k of debt into his work life) + +&#x200B; + +Now he's threatening to commence nefarious stuff in his words, or at the very least, as soon as our mother is dead, sit on my doorstep and break in, to have a place to stay at... The issue is, our mom is sick and I kno she won't have too long on this earth, if all continues to boil up even more .... + +&#x200B; + +So I might just end up in college, or later on in life with a dude set out to track me down for whatever nefarious purpose. + +He's claiming that him ending up in prison or alike is my responsibility then... + +&#x200B; + +Oh man... I'm kinda scared. I have about some savings in my bank account right now to keep me afloat, and no active income. I dunno if I should move away immediately and just rent a room with airbnb or something... + +&#x200B; + +Anyone got any advice? Am I in a dangerous situation? I'm torn. I know this is all emotional manipulation by him but I have no responses. I am permanently manipulated, permanently insecure and I can't defend myself. +New to the community in my mid 30's and starting to make a plan for FIRE, probably on the lean side with some continued small income streams so not 100% retirement from work. My wife and I would like to travel or live abroad extensively and possibly pick up work as well there legally. We are both USA citizens but I have potentially access to three citizenships: Israeli, Ukrainian, and Russian. I am a Russian Jewish immigrant both of whose parents were born in Ukraine under the USSR so I qualify for both of those based on those rules, and I qualify for right of return under Israeli law. The question: + +Has anyone obtained multiple citizenships to countries with universal healthcare to hedge against USA healthcare costs? My dad, despite being a US citizen, still travels to Russia for all of his dental care, which he pays out of pocket at about 20X less price for the most expensive cutting edge dental care (his teeth are ultra fucked). Like many, I think the scariest thing about this country is the healthcare and potential to go broke should something go south. +I saw an article once about how buying a property is more stressful than bankruptcy, divorce and even the death of a loved-one. I believe it. + +I've just had an offer rejected. I was willing to offer mid of their range (which was a $50,000 span) but the owner is not willing to accept written offers unless it's above the top of their range. The real estate agent told me they had already rejected an offer that was $35,000 above the bottom of their range (i.e. $15,000 from the top). + +I thought I was going in with a relatively strong offer given that the lockdown will last another two months and I was firmly in the range that the REA is quoting but I guess not. + +So instead I am awake at 3 am and my stress levels are sky high. I have no idea if I am doing the right thing or I should try and worth out how to scrape together the $25,000 difference. + +Edit: Thank-you everybody. After the minor meltdown I have calmed down - things seem worse at 3 in the morning!. I am still going to consider whether I have any leeway, but I don't have any intention of increasing my offer right now. +"The consistency you seek is in your mind, not in the market. Its attitudes and beliefs about being wrong, losing money, and the tendency to become reckless, when you are feeling good, that cause most losses- not technique or market knowledge. +[...] +Attitude produces better overall results than analysis or technique. Of course the ideal situation is to have both, but you dont really need both, because if you have the right attitude- the right mindset- then everything about trading will be relatively easy, even simple, and certainly a lot more fun. " + +A quote from his book Trading in the zone I am reading now. +I was randomly looking at the DJI index for fun and measuring some random stuff. + +Then I noticed that there was a gap between candles (and wicks), then I noticed another one, and another one and so forth. + +When I trade stonks (not GME) and those digital things and I see a gap, I usually get happy cause it shows that there's money to be made as gaps are more often than not filled. + +&#x200B; + +[https:\/\/www.investopedia.com\/articles\/trading\/05\/playinggaps.asp](https://preview.redd.it/nmrygoj5y8171.png?width=956&format=png&auto=webp&s=6346189c237f334dd718613a683cebf03d52f033) + +[https:\/\/www.investopedia.com\/articles\/trading\/05\/playinggaps.asp](https://preview.redd.it/74fggpmey8171.png?width=842&format=png&auto=webp&s=b9cfcdd081c39d5a04559c2e747c53fe3f24a7f9) + +So let's look at the gaps I found in the DJI index. + +We got one in November 2020. 1,37% (will be relevant later) + +Interestingly enough, it still hasn't been filled. 7 months later. + +[https:\/\/www.tradingview.com\/chart\/njdZk9Oh\/](https://preview.redd.it/23slu0hty8171.png?width=661&format=png&auto=webp&s=92b93e2fd58e995117477d4a56b3275debac7eb4) + +May 2020, 0,61% gap, not filled. + +https://preview.redd.it/jkjeauc3z8171.png?width=916&format=png&auto=webp&s=db47d4a376893b83b3eec554725b768b4e0ea3b5 + +February 2020, 1,68% gap. Filled August 2020. + +Approximately 200 days until fill. + +https://preview.redd.it/oqdjgazjz8171.png?width=1118&format=png&auto=webp&s=b2d98d37a64364181632c0772c3a302c1a795929 + +March 2019, 0,91% gap. Filled May 2019. + +Approximately 45 days until fill. + +https://preview.redd.it/jhiupzqwz8171.png?width=1355&format=png&auto=webp&s=c8c597d852172b16e8be9399bd0b72938c1f0546 + +Ok, so that's 4 gaps in 2 years. + +The 2 oldest gaps (March 2019 and February 2020) have been successfully filled. + +The other 2, the new ones (May and November 2020) haven't been filled, yet. + +&#x200B; + +Looking at the data here, one would say that gaps in the DJI aren't all that rare and that they happen once or twice a year. Eh, not really. The next gap I could find was in: + +October 2015, 0,18%. Filled February 2016. + +Approximately 150 days until it got filled. + +https://preview.redd.it/239lpgk219171.png?width=1802&format=png&auto=webp&s=c6abfcabd7641c8e8980884e642b5dcabf6b4390 + +Let's zoom in to see how miniscule of a gap that was. + +https://preview.redd.it/i3n6o4ja19171.png?width=1431&format=png&auto=webp&s=c05773c4ac5543d504d67f804a6afe3f70898664 + +So yea, it get weirder. + +I was almost about to give up searching the gaps as I had to roll back decades to find the next one. I genuinely thought that these were just 5 random anomalies in the chart. And just before I gave up I arrived at the next one. + +&#x200B; + +I shit you not, October 1987 AKA Black Monday. + +I had to go back 28 years back to find the next gap prior to the one in 2016. + +[There's actually two gaps here. January and October, both got filled.](https://preview.redd.it/g8azlcww19171.png?width=1817&format=png&auto=webp&s=667d1e4ab948e904468c0f8ddd5a22c2047e347e) + +January 1987, 0,18%. Filled October 1987. + +Approximately 300 days. + +https://preview.redd.it/xyuhwhcf29171.png?width=1242&format=png&auto=webp&s=42f38c976baddfa4d87fbedb6b250a5c938277da + +Black Monday gap, October 1987. Filled January 1989. + +Approximately 450 days. + +https://preview.redd.it/o4ar4e3p29171.png?width=1482&format=png&auto=webp&s=ab104091418ac83d8f27d31b78b8cc687ad743ea + +What does this mean? I have no fucking clue. The only things I know are: + +* Gaps get filled, eventually +* Gaps are NOT normal in the DJI +* Gaps in the DJI have only happened when there was a massive shitstorm brewing + +TA:DR: basically that paragraph above \^ + +&#x200B; + +Not sure if this is DD, Edu/Data so flagged it as Discussion. + +If someone smarter can shed some more light onto the topic, feel free to do so. + +EDIT: proof read it and forgot to mention the %s. Well, it ties back onto Black Monday crash, cause that's the only other time when the gap was bigger than 1%. And I thought that it was significant cause we just had two gaps in 2020 which have been bigger than 1% (1,30% and 0,60%) and haven't been filled yet. + + +EDIT2: smart ape found some more data to back this up. 91% of gaps get filled. + +[https://www.reddit.com/r/Superstonk/comments/nknath/wanna\_see\_something\_scary\_on\_the\_dji\_index/gzdtwkb?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nknath/wanna_see_something_scary_on_the_dji_index/gzdtwkb?utm_source=share&utm_medium=web2x&context=3) +[Good afternoon r\/Superstonk, Jellyfish here hoping everyone is having an awesome Friday afternoon! If you are curious how to set up an E t h e r u m wallet, this post is for you! \(p.s., I used these same steps to connect my wallet and purchase the jellyfish to the moon NFT you see above\)](https://preview.redd.it/jzj48tyk9ki71.png?width=600&format=png&auto=webp&s=fa001c29ed3a79830184ddfa971dfdc6742a09b1) + +# Setting up a Wallet + +Personally, I use MetaMask in combination with a cold storage wallet. However, if you are first starting out, the expense for a cold storage wallet might not make sense. That's okay! + +You can set up a MetaMask account that will give you an E t h e r u m address, you just wouldn't have the extra security factor (having to physically sign off on transactions with the cold wallet). + +However, as long as you protect your MetaMask password and recovery key (seed) you should be just fine! Personally, I try to avoid typing my seed on any computer, as anyone who gains access to those words would be able to gain access to your wallet. Protect these like you would any other important documents (birth certificate, social security card, etc). + +**With that disclaimer out of the way, let's walk through setting up a wallet!** + +What is MetaMask? + +**MetaMask** is an Ethereum Browser and Ether wallet that interacts with **E t h e r e u m Dapps** and **Smart Contracts** without the user having to run a full Ethereum node. MetaMask add-on can be installed on [Chrome](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en), [Firefox](https://addons.mozilla.org/en-US/firefox/addon/ether-metamask/), [Edge](https://microsoftedge.microsoft.com/addons/detail/metamask/ejbalbakoplchlghecdalmeeeajnimhm?hl=en-US), and [Brave](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en). + +For this example, I am going to walk setting up MetaMask via Chrome. The steps for other browsers should be similar, but happy to help try and assist if you run into any issues! + +First, open Chome and navigate to the [Chrome](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en) extension page and select 'Add to Chrome': + +[https:\/\/chrome.google.com\/webstore\/detail\/metamask\/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en ](https://preview.redd.it/ri7qy52caki71.png?width=1632&format=png&auto=webp&s=b9ff42d709ee044a74353b4dcff39d05e380b2a6) + +After clicking 'Add to Chrome' you will be presented with: + +[Select 'Add extension'](https://preview.redd.it/2vbbaiffaki71.png?width=565&format=png&auto=webp&s=23ad31b25e54ec20d131eee4758f2575b11d39cd) + +Once installed, you should see: + +[Select 'Get Started'](https://preview.redd.it/rbl0de9jaki71.png?width=723&format=png&auto=webp&s=fe5a5b2fc328c1060e04a8944e0a8488da3fa90d) + +[Since we are setting up a wallet for the first time, we want to 'Create a Wallet' ](https://preview.redd.it/5jvc271laki71.png?width=1272&format=png&auto=webp&s=be61c4c74ebf98cb5d63870bb39c88e259f6fed5) + +[Select 'I Agree'](https://preview.redd.it/of3jpg7naki71.png?width=1253&format=png&auto=webp&s=d8f88f94592208f8241c79b3340b53f3869f8ff9) + +Next, you will be prompted to create a password for your MetaMask account. Personally, I use a password manager and had it generate a nice long and complicated password. Whatever you do, please avoid Password123 of something easily guessed!: + +[ Make it a strong password! ](https://preview.redd.it/ffjpqrvqaki71.png?width=685&format=png&auto=webp&s=be30a427c4922bd71c0c2acdda8371c15b2d7cd2) + +This next step is absolutely critical, please watch the video and be absolutely sure to protect your recovery phrase like it is stacks of money (because it is!). I would also avoid typing and saving it on a computer. + +[This video is well worth the watch! ](https://preview.redd.it/zko3y3h3bki71.png?width=1501&format=png&auto=webp&s=754fdd5e428ad04757bc668166529b9446c0ad09) + +[Listen to Gandalf!](https://i.redd.it/tazzjp51bki71.gif) + +[ Back them up! Then click 'Next' to confirm you have it all correct. ](https://preview.redd.it/u1wht0f5bki71.png?width=1114&format=png&auto=webp&s=f90b9ac47fe8a81a2a3afd8e2d6c99648c42a3f6) + +[ Congratulations, you have now set up your wallet! ](https://preview.redd.it/bzs05qo6bki71.png?width=1145&format=png&auto=webp&s=9226b2520472026dce22536dab2cefd11df41876) + +[ Now you can fund your wallet! If you mine, you could set your rewards to hit the address. If you are going to buy from an exchange \(C o i n b a s e, B i n a n c e, K r a k e n, etc\), you could send the purchased E T H to your newly set up wallet address! ](https://preview.redd.it/s2rbihr7bki71.png?width=1580&format=png&auto=webp&s=091b84690dc89e36d43591df942f80d1a6c77f12) + +[Thanks for taking the dive with me on setting up a wallet! Please let me know if you have any questions or concerns as happy to try and assist. Thanks and I hope you have a great rest of your Friday and an even better weekend!!!!](https://i.redd.it/jaibig6ebki71.gif) + +EDIT: u/MrMadMinecraft u/starlordee u/MrPinkFloyd: + +How would you suggest I can avoid this post (and any other post in the future) from seeming like an Ad moving forward? Is it all the screenshots? I find if I type too many words without some sort of visual breakdown, I lose folks. + +I can assure you, this post was not sponsored in any way. The 'idea' for the post arose from folks dropping me messages and comments asking if I could put something together on this topic. I guess since I have posted as honestly and completely as I can about crypto, inflation, the SEC, etc. in the past, some folks thought I might be able to put something together on this topic that could be helpful, so I tried. + +To be honest, I was petrified of coming off as shilling before posting. I didn't imagine it would be about MetaMask though. I thought I would get called out for the brand of cold storage I use, hence going back and removing any specific references before posting and only speaking to it generally as a cold wallet/storage. + +I only posted on MetaMask because that is all I ever have used (after researching some time ago for my own personal needs) and have never felt the need to move on. + +I would be happy to try and put something together on other wallets (which I assume is similar in steps) but would not be able to speak to or vouch for it like I can with the wallet I actually use. + +To those questioning if I am a paid shill or what my motivations could be? I did this for the same reason I take the time and effort to put any other post together: I am an ex-educator who left the field because I couldn't make it work economically but still has the itch to help others learn and grow in their understanding--these Reddit posts (selfishly) have scratched that itch for me. + +This post has only come from a place of wanting to help others understand, no more no less. + +To those in the comments saying they want to wait until they hear something official from GameStop, I applaud that! Information straight from the source is best! However, as I mentioned, there are others who would like to dip their toes into the NFT/crypto waters beforehand and this was only an attempt to try and help them in their journeys. + +I appreciate everyone interacting with, challenging, and questioning the information they read here (and anywhere)--as it truly leads to the best discourse and sharing of ideas! If I am inadvertently running afoul of the rules, please let me know as I am happy to correct or remove any offending posts, but as of yet, I haven't heard anything from the mod team about this post (or any previous posts) being an issue. + +Please let me know if you have any follow-up questions or concerns as I am happy to try and address them. Thanks and I hope everyone has a wonderful rest of their weekend! +**Top Undervalued Stocks April** + + **JP Morgan** \- JP Morgan is one of the world’s largest banks and financial services firms, with operations in over 60 countries and a workforce of more than 240,000 people. + +&#x200B; + +[JP Morgan Stock Price](https://preview.redd.it/bvz46uhbahs81.jpg?width=671&format=pjpg&auto=webp&s=dc8fca85d966ebd371d058271fc11f4baf976853) + +&#x200B; + +|PE Ratio|Free Cash Flow Per Share|PB Ratio|Div Yield| +|:-|:-|:-|:-| +|**8.88**|**26.23**|**1.38**|**3.05%**| + +&#x200B; + +[JP Morgan Div History](https://preview.redd.it/bdx5wg8fahs81.png?width=1000&format=png&auto=webp&s=908e507877f81b46a8ae7faabeffdb960925f440) + +**Dividends** + +When it comes to dividends, JP Morgan posses an excellent history of sustaining a dividend and growing it where it can. At time of writing, JP Morgan has a **Dividend Yield of 3.05%** compared to an average of **3.86%** when looking at other diversified banks. + +JP Morgan has a payout ratio of **0.25** & a 10 Year Average Dividend Growth per share of **3.34** compared to an industry average of 4.61. While lower this looks a lot more sustainable than some of the other options in this sector. + +Data from - [https://heydividends.com](https://heydividends.com) + +What are your thoughts on JPM? Personally I have added a couple to my portfolio, is anyone else doing the same? +I bought 7 shares of FFIC @ $14.58 ($102.06). +I bought 7 shares of FFIC @ $14.50 ($101.50). +The total cost basis was $203.56 for 14 shares. + +The stock price has risen to $16.08. This brings my market value to $225.12. +I am deciding to sell, for a net profit of $21.56 (+10.59%), while collecting a $2.94 dividend, which technically makes this a +12% return. $24.59 total profit. + +I plan on taking $20 to Worthy Bonds, which is where I'm saving money for tuition, which will guarantee me a 5% return. +With the remaining $204.50, I will most likely hold it until the next market dip and buy into T, KO, STAG, or STOR. Some long-term holding. Or, possibly, try to capture another dividend. + +The reason I share this is to ask... Should I try to do this again? I feel like in the current recovering market, playing this strategy on financials or energy stocks could be worth it. Potentially any other sector as well, these are just the two sectors I'm looking at currently. +I’m using M1 to build what I’m calling a “Growth + income” pie. 34, married, trying to “retire” in 10 years - that is, at least have 1.2M in assets generating passive income. + +I think I made the classic mistake of yield chasing. I’d love to get some feedback on some of the exotic dividend funds I chose as well as the overall makeup. + +I see SCHD recommended often here, so I plan to add that at 5 or 10% when I rebalance at the end of quarter. I want to hold this portfolio until end of quarter to see what the yields are. + +I just started this portfolio last week and it’s already dropped 1% in value, but I realize I bought in at a bad time, I also want to see end of quarter performance. + +Anyway, again, M1 pie of: +10% Domestic Growth +10% Global Growth +10% Domestic Value +10% Global Value +5% Domestic dividend +5% Global Dividend +5% OPP +5% JQC +5% RYLD +5% GGT +5% ECF +5% REML +(hedge fund emulators below) +5% Coatue mgmt +5% Tiger global mgmt +5% Green Light Capital +5% Icahn Capital + +As you can see, I’m trying to create balanced but aggressive strategy. + +I assume some of these buckets overlap, but I can’t quite tell how much. + +How would you rebalance this Oct 1? +I will skip my usual intro about my investigation of Ken Griffin and his Citadel Empire and get straight to the point: **I have found evidence showing Ken Griffin effectively gave GBP 1M to a Lord of the UK Parliament.** + +Let me introduce you to a company called **Dalbini Limited**. + +**Dalbini Limited** was incorporated in the UK on March 6, 2020. At the time of incorporation **Dalbini Limited** had a single director and shareholder, **Lord Howard of Rising**, who put in GBP 1,000 to start the company. + +Who is **Lord Howard of Rising**? His full name is **Greville Patrick Charles Howard**, and he is a member of the **UK Parliament’s House of Lords**. His family has been around a long time. + +https://preview.redd.it/qwmr7kb803d81.jpg?width=192&format=pjpg&auto=webp&s=c45c112f33763d9a4a10d7481418fa8c8b78464a + +Here is a pic of Castle Rising so you don’t have to Google it: + +https://preview.redd.it/rf6egm3403d81.jpg?width=1440&format=pjpg&auto=webp&s=9ed87d51815e36c70e733f6f79a9fc291e476f85 + +**Dalbini Limited’**s filings can be found on the UK Companies House website [here](https://find-and-update.company-information.service.gov.uk/company/12502822/filing-history). I will walk you through the key events. + +After incorporation the next key event occurred on September 29, 2020 when [a resolution was passed](https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/y33LcNM9mOEGSxHCQJHe3irq2Z9gF3idwsD3IFcpYug/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3LRG2DAHA%2F20220121%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220121T062500Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEP7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJGMEQCICouY3254yDGMdaQYmLhVkYRLKLivvtEmMLtWrdSQhklAiBvhUzs1hcV62v5MIgtyqNml3eU4yAQ95Vd7%2F0UGHgUpSr6AwgnEAQaDDQ0OTIyOTAzMjgyMiIM8m1VneIsyzHNnHtEKtcDpKxUOLVw1zlh1UWo44PaZXitvUQlShaK1gwz%2FEO%2FTjea5Rz5tCdschfzmnw8duACPjRx3EFWMMMhVRCWqF%2BZau9rvTrIpoOdqMcUxpScsYUPtb7URijrT3TjYoim%2BHJd25BqCWD6V3FUgUb4HfTAeUSSccWSP0ur7ctP%2Fpf75QJuq3qAgdVKKIMmODs497q0s77zqgnSEtCgPW9%2FDeAfxkZ31WrRi4P86zds5RYSFDufoZdrPVc1EhFJz6N7v5EXMy6AtIrf2pfsXNSIONO%2BTU7XsG5suxUtUZizNz6hhYeSFU03DTd1Ef8FE1vFIRkVYbQO%2B24ng5Uu6THkOVihQYsZCvOS1IpwCGNls%2BXd8YpPbi61q9V%2BgUBbPi%2Bf62a7i2oUBH0Rdrth0hEAkfsV1fXbMa124sGNfJ%2FFlcVmJUmKLgNdUcVBKnBXdGSRL%2BTQ0WVCWhaAvpK1WIq01byZW0vFFvd1JjjU7vz8x4WHevax5SbRMZ8Mqyt4hAR34qd51%2FVY0yzZkTCfN0%2BqaMRa%2FEbwU3opizaik0HpUNJLMiPdXerCaAzO%2FM%2BC1Wn4kN49tkjbZPdcKisPyPq3Q7xm%2BQbHTw2hmUThhlc%2B1ZotxALxWVfyU5M8MOOWqY8GOqYBHIVDcnD6AIXI%2B48PpEG5NfxQjMvnzOztrCqDSGg%2F3%2BbJ6cN1TAzkt93clo81rbyEtFtgtvqXJ9E0ZgmYRqOWnzwV0iQJy2jPqU2gAo7%2FZfTCl4RXMYEN1EQgcK6onJj9qwDg1638eC2hHQXFjIvKk%2FIjN%2BJsUggJksEHECtU2xhpAiHPdkwRfu6nJ8EM9%2B2bSfXUzoxjhxEsLjwIIaFF9Cd1GCfH8Q%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=3168a4ae956bd258f37c926f64fc01485231de40af945e086e83d7b857c8b537) modifying **Dalbini Limited**’s articles of association. Two important changes were made: + +https://preview.redd.it/sef71orwz2d81.png?width=749&format=png&auto=webp&s=49e86d212b8e54916ee901cc0c4b39d3928de0c9 + +https://preview.redd.it/zd5yva0wz2d81.png?width=822&format=png&auto=webp&s=930b8198446a02e404169f92d7019c7794b29f6c + +Let’s tackle the second change first. Apparently **Dalbini Limited** is planning to issue 1,000,000 shares to a company named **Media Holdings LLC** in exchange for GBP 1 per share. + +This makes the first change I highlighted very interesting. Recall that **Lord Howard of Rising** started the company with GBP 1,000 (i.e. 1,000 shares). The first change deals with voting and basically says this: as long as **Media Holdings LLC** holds > 49.9% of the shares they can ONLY cast 49.9% of the vote. + +Said another way, while **Media Holdings LLC** is a majority shareholder they will NOT have majority voting rights. **Lord Howard of Rising** would maintain 50.1% voting control. + +What happened? The following day, September 30, 2020, [an additional 1,110,111 shares were allotted](https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/fWv1_JlLZyPCzvQixL4ky3YARN81ueRIi8B3PrGb67Q/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3LRG2DAHA%2F20220121%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220121T064957Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEP7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJGMEQCICouY3254yDGMdaQYmLhVkYRLKLivvtEmMLtWrdSQhklAiBvhUzs1hcV62v5MIgtyqNml3eU4yAQ95Vd7%2F0UGHgUpSr6AwgnEAQaDDQ0OTIyOTAzMjgyMiIM8m1VneIsyzHNnHtEKtcDpKxUOLVw1zlh1UWo44PaZXitvUQlShaK1gwz%2FEO%2FTjea5Rz5tCdschfzmnw8duACPjRx3EFWMMMhVRCWqF%2BZau9rvTrIpoOdqMcUxpScsYUPtb7URijrT3TjYoim%2BHJd25BqCWD6V3FUgUb4HfTAeUSSccWSP0ur7ctP%2Fpf75QJuq3qAgdVKKIMmODs497q0s77zqgnSEtCgPW9%2FDeAfxkZ31WrRi4P86zds5RYSFDufoZdrPVc1EhFJz6N7v5EXMy6AtIrf2pfsXNSIONO%2BTU7XsG5suxUtUZizNz6hhYeSFU03DTd1Ef8FE1vFIRkVYbQO%2B24ng5Uu6THkOVihQYsZCvOS1IpwCGNls%2BXd8YpPbi61q9V%2BgUBbPi%2Bf62a7i2oUBH0Rdrth0hEAkfsV1fXbMa124sGNfJ%2FFlcVmJUmKLgNdUcVBKnBXdGSRL%2BTQ0WVCWhaAvpK1WIq01byZW0vFFvd1JjjU7vz8x4WHevax5SbRMZ8Mqyt4hAR34qd51%2FVY0yzZkTCfN0%2BqaMRa%2FEbwU3opizaik0HpUNJLMiPdXerCaAzO%2FM%2BC1Wn4kN49tkjbZPdcKisPyPq3Q7xm%2BQbHTw2hmUThhlc%2B1ZotxALxWVfyU5M8MOOWqY8GOqYBHIVDcnD6AIXI%2B48PpEG5NfxQjMvnzOztrCqDSGg%2F3%2BbJ6cN1TAzkt93clo81rbyEtFtgtvqXJ9E0ZgmYRqOWnzwV0iQJy2jPqU2gAo7%2FZfTCl4RXMYEN1EQgcK6onJj9qwDg1638eC2hHQXFjIvKk%2FIjN%2BJsUggJksEHECtU2xhpAiHPdkwRfu6nJ8EM9%2B2bSfXUzoxjhxEsLjwIIaFF9Cd1GCfH8Q%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=89d2273801634855fb0248b62361fef480426bbcbe39ff79d04cc1ca8ac5e5ac) (now 1,111,111 total). + +The same day **Kenneth Cordele Griffin** was named a “Person of Significant Control” of **Dalbini Limited**. + +https://preview.redd.it/4xuj5oetz2d81.png?width=746&format=png&auto=webp&s=8726d6e53da20a3ff475913e759b1078bf23b092 + +**Ken Griffin**’s “nature of control” was listed as follows: + +https://preview.redd.it/zfge0rmrz2d81.png?width=736&format=png&auto=webp&s=811ed35705a0c7ced797e8ff2637fee00428cd89 + +So Griffin holds > 75% of the shares of the company but only has > 25% and < 50% voting rights. + +Also on September 30, 2020, **Lord Howard of Rising’s** “nature of control” was modified: + +https://preview.redd.it/nkn3lmnqz2d81.png?width=746&format=png&auto=webp&s=ba387e668ab8994dd8b606332377032323b86ad1 + +So Lord Howard could make changes to directors and held > 50% but less than 75% of the voting rights. + +Basically, the "nature of control" of **Lord Howard of Rising** and **Ken Griffin** follows what was laid out when the voting rights were modified. + +👀 + +Moving on… **Sir Lynton Keith Crosby, AO** was [appointed a director of Dalbini Limited](https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/ICUD5O_OUv29SpPdMddu0c5f10o27BC_Cj6cdD3gqm8/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3FBHSYY4X%2F20220121%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220121T065927Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEPr%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJHMEUCIQCTP6P57tR5RChOQyYZN3ZNqRQbshqzxXcVRUQco6%2Fb4gIgcmnNGp8CGaVWa49YtVpbLtcXLE55%2BFo5SZ0Tj7WSByoq%2BgMIIxAEGgw0NDkyMjkwMzI4MjIiDAv5Nej%2Fp7U1KD2b0yrXA0rR9v5458VbTnh8Rp1qq%2FQktUGTOwciATqWVgic0zoK9MZRbnTVKRETbS4V6jIG2Ms0IPMvptknHjS6G863dQk4U%2FNw2kyG1Nykyd7QXYzKvGnDcElJHRPmEgH7oR%2B7R9uoUTrFYUAeHwsR5YPUuv8M3NO0BARHgGKOkMWD%2B6qTZfmlTiHKfJLruf9Lba%2BleYCb4xSJ2qFnInzvM4GBcsQ1pIQw4ELFXYhWtUUTSO2BImKVKZruFsbjvuCdtxxA5i9anrhoCb3mmPNCCp%2B20NlS1G1N5NgiUvB6qhhnroeVP9NynuBzFhgEkk%2BJJlqOhBd7HLufNUfJeNDDiQIqvU6DsmbigburUxBU6z1Cjz1xm4UeHmovzUUU2qYSPDHAz1kZhOJSgLCxqQ43KCLA2%2FM4TE5m1jDskurxQzeXFi8j7N6ywbTt8ubPdEzsTIyy4L4ZU116YmmBFiiQaLKQJo221i5%2FXH%2BNERy%2F7AQRcnOwkDyhA1KdzW24R6PI24M8O4aLB9z3DAosDc%2FOao0Cm50oVj979vgXGWwK%2BcOqVh3gJnNQR5wQibl%2FYVSyQCghkqdQKFLv0JUcLwozGIA64uDBVAu2jzV8kF3JrH82S%2FtiP%2BeIsb3GRDDUoKiPBjqlASHl7kl5ZbYelmXE2bU%2F5GDrXacT3EuPXCTa6T5oox%2BrWjrNBKqCrOP33z7iobZEfGqJvqxfk8mL1iG3kVc3V%2FLD%2FkHg44hfL2Sk8dwNCNmNFVhDf%2BIYVApReW53bNEukukbuqOvyv97my4%2Bh6uoNnMprol90KZMRZ%2B5UmNh0ouasqrW2iocR3j1q%2BiWHhFx2t7nJgWInRNu5cEcyvK68athkS%2FrCQ%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=2d96f810004b43529bed50948763545bff734af9f316fbab41c7d7a77cfd10ac) on December 1, 2020. I will get to him later. + +A [confirmation statement as of March 6, 2021](https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/xpk7xHGDhCjKGix6RARfehy59lZEZ7ZXDZMUtKRZiOU/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3LRG2DAHA%2F20220121%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220121T070142Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEP7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJGMEQCICouY3254yDGMdaQYmLhVkYRLKLivvtEmMLtWrdSQhklAiBvhUzs1hcV62v5MIgtyqNml3eU4yAQ95Vd7%2F0UGHgUpSr6AwgnEAQaDDQ0OTIyOTAzMjgyMiIM8m1VneIsyzHNnHtEKtcDpKxUOLVw1zlh1UWo44PaZXitvUQlShaK1gwz%2FEO%2FTjea5Rz5tCdschfzmnw8duACPjRx3EFWMMMhVRCWqF%2BZau9rvTrIpoOdqMcUxpScsYUPtb7URijrT3TjYoim%2BHJd25BqCWD6V3FUgUb4HfTAeUSSccWSP0ur7ctP%2Fpf75QJuq3qAgdVKKIMmODs497q0s77zqgnSEtCgPW9%2FDeAfxkZ31WrRi4P86zds5RYSFDufoZdrPVc1EhFJz6N7v5EXMy6AtIrf2pfsXNSIONO%2BTU7XsG5suxUtUZizNz6hhYeSFU03DTd1Ef8FE1vFIRkVYbQO%2B24ng5Uu6THkOVihQYsZCvOS1IpwCGNls%2BXd8YpPbi61q9V%2BgUBbPi%2Bf62a7i2oUBH0Rdrth0hEAkfsV1fXbMa124sGNfJ%2FFlcVmJUmKLgNdUcVBKnBXdGSRL%2BTQ0WVCWhaAvpK1WIq01byZW0vFFvd1JjjU7vz8x4WHevax5SbRMZ8Mqyt4hAR34qd51%2FVY0yzZkTCfN0%2BqaMRa%2FEbwU3opizaik0HpUNJLMiPdXerCaAzO%2FM%2BC1Wn4kN49tkjbZPdcKisPyPq3Q7xm%2BQbHTw2hmUThhlc%2B1ZotxALxWVfyU5M8MOOWqY8GOqYBHIVDcnD6AIXI%2B48PpEG5NfxQjMvnzOztrCqDSGg%2F3%2BbJ6cN1TAzkt93clo81rbyEtFtgtvqXJ9E0ZgmYRqOWnzwV0iQJy2jPqU2gAo7%2FZfTCl4RXMYEN1EQgcK6onJj9qwDg1638eC2hHQXFjIvKk%2FIjN%2BJsUggJksEHECtU2xhpAiHPdkwRfu6nJ8EM9%2B2bSfXUzoxjhxEsLjwIIaFF9Cd1GCfH8Q%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=750319b0533cf34c1b0848fa35e7101ebbf0427d500ce59bbfa3daa80124eb03) shows **Lord Howard of Rising** now owns 111,111 shares and **Media Holdings LLC** owns 1,000,000 shares: + +https://preview.redd.it/7zfvivdnz2d81.png?width=739&format=png&auto=webp&s=23d027190f56ec2cb8d3361104c18fefa49c940a + +What happened to **Ken Griffin**? Ken’s “nature of control” is still > 75% ownership of **Dalbini Limited**, and **Media Holdings LLC** owns 90% of Dalbini, therefore **Ken Griffin** MUST be the ultimate owner (through whatever web of entities) of **Media Holdings LLC**. + +And finally **Dalbini Limited**’s unaudited financial statements as of March 31, 2021 show approx. GBP 845k of current assets (likely cash): + +https://preview.redd.it/dcodo41lz2d81.png?width=892&format=png&auto=webp&s=28a26480cd7c5c552c5fc1193ca2053ac85f4cd0 + +This means they’ve spent some of the GBP 1,000,000 Griffin put in via Media Holdings LLC. + +I should also point out that Lord Howard of Rising has listed Dalbini Ltd on his “Registered Interests” on [his UK Parliament page](https://members.parliament.uk/member/3674/registeredinterests). + +# Let’s recap + +**Lord Howard of Rising**, a Lord in the UK Parliament’s House of Lords, started a company. + +**Ken Griffin** invested GBP 1M in that company. + +**Ken Griffin** is the majority **owner** of that company but does NOT have a majority of **voting rights**. + +**Ken Griffin effectively gave control of GBP 1M to Lord Howard.** + +Let that sink in. Is Ken the kind of guy to just give up money like that? Wouldn’t he expect something in return? + +Hmmm... + +# Let’s Not Forget Sir Lynton Keith Crosby, AO + +Who is this guy? He doesn’t appear until after the Media Holdings LLC investment. + +He is an Australian national now living in the UK. He is also a major political operative. + +https://preview.redd.it/q6t6ve1gz2d81.jpg?width=238&format=pjpg&auto=webp&s=9fbb91f93274a3e0ba15b5b881610275ff14b6c2 + +A quote from the University of Bolton’s website [https://www.bolton.ac.uk/our-staff/sir-lynton-crosby-ao/](https://www.bolton.ac.uk/our-staff/sir-lynton-crosby-ao/) + +>In 1998 and 2001, Sir Lynton successfully led the campaign for Australian Prime Minister John Howard. In the 2008 London Mayoral elections, Sir Lynton masterminded the campaign that saw Boris Johnson beat the Labour incumbent Ken Livingstone against the odds. In 2012 he repeated this success for Boris Johnson, bucking the Conservative Party’s national trend and securing him a further term. +> +>In the 2015 UK General Election, Sir Lynton steered the Conservative Party to a historic victory. He took the party from a 12 point deficit, to a near 7 point lead – returning, for the first time since 1955, a Conservative Government with an increased share of the vote. + +The Canberra Times put it much more bluntly [https://www.canberratimes.com.au/story/6192627/sir-lynton-crosby-and-the-dark-art-of-kingmaking/](https://www.canberratimes.com.au/story/6192627/sir-lynton-crosby-and-the-dark-art-of-kingmaking/) + +>Perhaps it is part sorcery - Fleet Street routinely refers to him as the Wizard of Oz - and Sir Lynton is handy with a "dead cat" distraction, but there is a broader Crosby method, a modus operandi we can see running through most of his campaigns over the past forty-odd years. +> +>It is a technique Crosby largely imported into Australian and then British politics from the United States. He was once introduced to president George W. Bush as "Australia's Karl Rove," Rove being Bush Jnr's campaign mastermind (also known as "Bush's Brain"). + +You get the idea. + +Oh, and back to Lord Howard of Rising: a few years ago he was [involved in a ‘conflict of interest’ scandal by donating use of a London home to a Brexit minister](https://www.mirror.co.uk/news/politics/tory-brexit-minister-faces-conflict-11130077). + +**What are Ken Griffin, a Lord of UK Parliament and “Australia’s Karl Rove” doing in business together?** + +**Your guess is as good as mine.** + +# The Foreign Corrupt Practices Act (FCPA) + +The Foreign Corrupt Practices Act was enacted in the US in 1977. The FCPA is enforced by the [SEC](https://www.sec.gov/spotlight/foreign-corrupt-practices-act.shtml) and [DOJ](https://www.justice.gov/criminal-fraud/foreign-corrupt-practices-act) (links are to their respective pages on the FCPA). It boils down to this: you can’t pay bribes or make improper payments to foreign officials to get business. It actually casts a pretty wide net, and companies get in trouble for violating the FCPA all the time. + +Do I know what **Ken Griffin** and **Lord Howard of Rising**, a member of the UK Parliament’s House of Lords, are doing in business together? No. + +Do I know why **Ken Griffin** would put GBP 1,000,000 into a company knowing he would immediately lose control (voting rights) over that money? No. + +Can I show that this **Dalbini Limited** entity is just a way for **Ken Griffin** to get money into **Lord Howard of Rising**’s pocket in exchange for something? No. + +Do I know why they’ve involved **Sir Lynton Crosby**, a known political operative, “Australia’s Karl Rove”, in their company? No. + +Do I believe when there’s smoke, there’s fire? Yes. + +I can’t prove an FCPA violation has occurred. But it really smells like shit from where I’m sitting. + +I’ve already sent this information on to the SEC and DOJ. UK apes, if you have concerns about this please pass the information to your relevant regulators (Serious Fraud Office I think it is?). + +That’s all I have. + +🚀🦍💪💎🙌 +Let me start off by giving a quick rundown of my concerns: + +I (F22) am an only child to my parents (Mom is 62 and Dad is 60) who got started late in life. We lived in a trailer until I was about 7 years old, and then we started renting our very first home. Fast forward to now, they bought a home 4 years ago after downsizing drastically but they still won't ever be able to afford it. (We live in the Seattle area if that helps paint a picture). They both work very laborious jobs (tades) and their health is getting quite bad. + + My mom was in the hospital and had 2 emergency operations last month. Since then, they've been admitting to me how truly depressed and scared they are. Not just for themselves, but for me. I am dealing with my own health issues and lost my career due to being unable to work. I don't have any money now either and rely heavily on my parents as they are my only family and support system. My dad told me that he's deeply sorry he wasn't able to send me to college and that I will have to find someone who is willing and financially able to care for me soon, because my parents won't be around much longer. + +I am so scared of the future, and I feel like I'm the only 22 year old feeling the pressures of taking care of her aging parents while having no money and poor health myself. I don't know what to do. I wish my parents could stay home and take it easy as they deserve... Any advice helps. + +Edit: I'm very emotional reading these responses. Thank you so much to everyone below, I am trying to read every single comment and reply to as many as I can. I have so much new information now and a place to start! +I’m 25, business owner for almost 3 years now. I’m always stressed and don’t know how to relax. I always prioritize work over anything else. Although lately I haven’t been productive. I don’t know how to not work. I don’t know how to enjoy life. I’m feeling so lost. I feel like life is passing me by. I want to fatFIRE and enjoy the journey. I’ve isolated myself so much. + +Any tips welcomed. +Because of some unfortunate circumstances, I'm in big financial trouble. I struggled with long Covid and was unable to work for one month which left me with a sick pay wage of £350. I have various credit card debts due to an ex partner who took and maxed them out in my name so my credit is terrible. Due to this, I had to take out some loans in order to make rent, bills and be able to afford to eat. Now, because I'm some kind of a jinx, I got a new job in a pub (0 hours contract) on minimum wage for £8.91 p/h, and had a very bad fall down the stairs resulting in surgery on my hand. Lawyer says I have no claim and I had to be off sick again. I'm now looking at a £375 wage due to hours worked and can't get further loans due to my credit. I missed a payment on one today because I have £1.59 in my bank to last me until the 28th so that's more damage. I'm going to go back to work before my doctor recommends to try and scrape as much money into this coming wage as possible but other than that, I don't know what to do. Altogether, my debt is around £8,000 and rising with interest. Any advice on how to get out of this hole? Please be kind, I know a lot of this is my fault. If you have anything to share, thank you so much! +This poll is based upon a great idea (and post) by /u/Crossback2017 which we unabashedly stole with his permission (and gilded for his contribution). We anticipate making this poll monthly for at least sixty days to see what, if any, trends may develop among sub members. + +**Please Note:** This poll is to determine what percentage of your tenants DID Pay. + +Example: You have ten tenants. All ten paid = 10/10 = 100% Paid. + +Example: You have ten tenants. Six out of ten paid = 6/10 = 60% Paid and you should select the 60% to 79% Option. + +There are a limited number of Options that may be created with the poll. As such please choose the cohort which is most applicable to your experience. + +Unfortunately the poll isn't advanced enough to provide information regarding what States sub members are located in and if their operations are based in large, metropolitan areas such as cities or less populated towns. + +It would be interesting to know exactly how many properties (anonymously) each submitter has as well. There is a tremendous difference between an investor with one property reporting 100% paid versus an investor with twenty properties (or units) reporting 100% paid. We work with what we have but please keep in mind that the poll data should be taken with a grain of salt due to the inherent limitations of the poll. Perhaps next month we can create a Google Spreadsheet with additional information to be anonymously submitted for the consideration of the sub members. + +Thank you for your participation. + +&#x200B; + +&#x200B; + +[View Poll](https://www.reddit.com/poll/fu2mb2) +It often doesn't rise to national news coverage, but stay on the right side of the law folks, this stuff can get very expensive: + + +[https://fox17.com/news/local/pair-bought-hud-housing-to-renovate-resell-for-profit-government-housing-mtjuliet-nashville-tennessee](https://fox17.com/news/local/pair-bought-hud-housing-to-renovate-resell-for-profit-government-housing-mtjuliet-nashville-tennessee) +It's something of a dream to own my own Starbucks, or just the building it's in, and there are a lot more than I thought out there to buy through an NNN lease but none of them seem to turn a profit when I run some numbers. + +For example: [This one here](https://www.crexi.com/properties/957322/louisiana-starbucks) + +Asking price is $1.78m, NOI is $97.5k, and taking a look at it shows I'd be paying roughly $10k a month, with half the total payment being interest. That far exceeds the NOI/year. + +I must be missing something. How would one go about actually acquiring this properly and using the rent to pay off the loan with at least some cash flow left over? +Link to article: [https://www.nytimes.com/2006/08/27/weekinreview/27leonhardt.html](https://www.nytimes.com/2006/08/27/weekinreview/27leonhardt.html) + +&#x200B; + +***My commentary follows:*** + +&#x200B; + +>Financial bubbles rarely meet with such a definitive end, which has always been the biggest problem with the metaphor. They let out their air in unpredictable bursts, and it’s usually impossible to figure out whether they have finished deflating or are just starting to. + +Perhaps this tells us a lot about being overly confident in both the bull and bear hypothesis. + +>A real estate crash might not be the most likely outcome, but it certainly seems legitimate to think about what one would look like. + +I wonder if the author got scolded by readers after posting this because house prices only go up? + +>The collapse of most bubbles does not have a single obvious starting point, like a bad corporate earnings report or an interest-rate rise. Instead, the psychology of buyers and sellers shifts, slowly at first and then sometimes in a cascade. + +This is a really interesting argument. The bulls have had a wonderful decade and have found themselves in arrogant charge over the narrative. A lot of users on here legitimately believe that house prices can never fall. I wonder if their psychology will ever change. + +>The doomsayers’ strongest argument may be that too few families can afford prices in some metropolitan areas. In Las Vegas, Los Angeles and Miami, prices have almost doubled since 2003, and they have risen about 50 percent in New York and San Francisco, the National Association of Realtors says. + +The same arguments were being proposed in 2006 - housing becomes unaffordable leads to unsustainble bubbles. We've seen +50% gains in some areas of Sydney in a year alone. + +>Jumps of this magnitude have little precedent. To afford homes, some buyers, especially in California, have resorted to aggressive mortgages, like those that allow artificially low payments in the early years. In effect, families seem to be buying houses they cannot afford, in the hope that their incomes or property values will rise significantly. + +Replace 'California' with 'Sydney'. + +>Even homeowners not in danger of losing their home — an overwhelming majority, certainly — might respond to falling prices by cutting spending, particularly if they had been counting on their home’s value to serve as a retirement account. That could force job cuts in a wide range of industries. + +Another relevant point. + +>Perhaps the biggest reason to be skeptical about a real estate crash is that the country has not really suffered through one before. Not since the Depression has the combined value of residential real estate fallen over the course of a full year. Homes seem to be much less vulnerable to crashes than other assets, because people rarely sell them in a panic. + +Then the whole "*past performance doesn't dictate future performance*" reality comes around the corner in an angry rage and slaps you across the face so hard you collapse. + +>But earlier booms have been followed by modest price declines in some cities that turned into long periods in which increases trailed inflation. After peaking in much of California and the Northeast in the late 1980’s, house values fell during the recession of 1990-91 and then drifted for years, often rising more slowly than the price of milk. +> +>In inflation-adjusted terms, prices in the New York and Washington areas did not return to their late-80’s peak until 2002. In Boston, it didn’t happen until 2000, and in San Francisco, 1999. + +Completely and utterly pointless. Past performance doesn't dictate future performance. When will people learn? + +>Interest rates could play a role in a long slump, too. They have been falling for much of the last decade, helping push house prices higher by allowing buyers to afford bigger mortgages. Most economists expect rates to remain lower than they were a generation ago but not to return to the extremely low levels of a few years ago, making big swings in house prices, in either direction, unlikely. + +Low interest rates and bubbles. Hmmmm how very interesting. + +>Christopher J. Mayer, director of the Paul Milstein Center for Real Estate at Columbia University, argues that the recent drop in sales does not suggest that a larger bust is coming. “So far we have only seen people asking pie-in-the-sky asking prices and not getting them,” said Mr. Mayer, who expects housing to continue slowing but not enough to create a recession. +> +>He believes that the boom in house prices was largely a result of the appeal of “superstar cities” like New York and San Francisco that are unlikely to lose their allure. In much of the rest of the country, prices are not unusually high, considering the relatively low interest rates. + +Replace the words "New York and San Fransisco" with "Sydney and Melbourne". A lot of people think because Sydney is oh so desirable, the world will drop everything they have to buy all the overpriced sh\*thouse apartments with collapsing balconies. + +>Moreover, few borrowers are falling behind on their mortgage payments, and the economy looks fairly healthy outside of housing. So if prices start falling, new buyers may jump into the market and prevent any extended slump. “The fundamentals of real estate are solid, still,” said James Gillespie, chief executive of Coldwell Banker, the real estate company. + +This is such a common talking point in r/AusFinance. It's really funny to see how people on r/AusFinance sound exactly like American real estate agents 15 years ago. It's almost like they're reading from the same script of excuses. +I've seen a lot of posts concerning this topic lately including myself. + +I thought I'd share my story. + +I performed very well at work this past year so I was expecting a fairly substantial raise when it came time for performance review. + +Review came around and I only got a 3% raise which is about what every employee got. My immediate supervisor said in my review that he didn't agree with my raise. + +I set up a meeting with my supervisor and his manager. I explained how I didn't think I was being fairly compensated for my performance. (I knew there were coworkers making a significant amount more than me that didn't nearly match my performance) I didn't use that fact as leverage as most people here advised not too. I did, however, touch on this subject and my manager took off and ran with it. He agreed with me and told me how well I was performing. He said he would make it right for me. I took this as basically a no but still had hopes for something to happen. + +A week later, I mention it to my supervisor in passing. He says come in and shut the door. Told me the director of our department hasn't signed off yet but he verbally agreed and hr gave their approval. I received a promotion and a raise in the 8-10% range. (On top of my 3% raise) I don't have the exact number yet because I haven't seen the paperwork yet. + +tl:dr I asked my employer for a raise and they actually came through. +I know for some people this is not that big of a deal but I also know there are some of us out there that really believe in the space and tech and thus have invested perhaps more than we should have. I myself had certain hopes for this bull market, or what I thought it was going to be, hopes that included changing my life probably forever. Hopes that have now been dashed onto the rocks in front of me, at least for now. I'm not new to the space but I was really not expecting what happened, no one was. All I wanted to say was that if you are thinking the worst that I can relate and simply just not to do it, its not worth it, we'll be okay in the end. Go out smell the roses and hug your friends and family, those are the only things that really matter. God Bless. +Where we need a reminder that, if you are wondering if it would be okay for you to go to the food bank: it is okay. Go to the food bank. It’s not shameful. You’re not selfish. You’re allowed to want more than just the ramen and ketchup packets in the back of your top cabinet. And if you have more than that, that’s okay too. Go get food. + +If anybody would ever judge you or mock you or think less of you for going to a food bank…do you really think they’re the kind of person you want to worry about the opinion of? + +Stay fed out there, friends. It’s a tough time. +I've just realised I've broken the rules by paying into 2 separate stocks and shares ISAs this tax year (below £20k in total). + +Shall I expect a dawn raid from The Man and will my children grow up not remembering me? Will I have to bribe my way out of trouble? I don't know what the consequences are, or if it's even worth worrying about. +Thanks guys for commenting , all of you were correct , I was greedy and not discipline enough to follow my trading plan and risk management system and in the end all hell breaks loose +Thanks guys for commenting , all of you were correct , I was greedy and not discipline enough to follow my trading plan and risk management system and in the end all hell breaks loose +I've been getting DM's from new traders and experienced traders alike. Some have no idea where to begin, and others are just on the knife's edge of finally figuring it out but still need that last bit of "Aha!" information. This post is to address the issues that many S&D traders run into. If you're not a Supply & Demand trader, or if you're one of those guys that say "S&D doesn't exist in the FX market" then quickly exit this post, the information I am about to share is of zero help to you. + +I hope that filters my audience. Now, let's begin. + +How to identify Supply & Demand Zones? Peaks and valleys. + +&#x200B; + +[Supply](https://preview.redd.it/7si20egrkkp31.jpg?width=1125&format=pjpg&auto=webp&s=5511d20537677c2852b3112dd651d30bf3e28b70) + +&#x200B; + +[Demand](https://preview.redd.it/k2q8hitskkp31.jpg?width=1125&format=pjpg&auto=webp&s=0a2a6ffd76b98cbb60c5c3722b37594c5c0e3109) + +The zones I look for are no different than the illustrations copied directly from Alfonso Moreno's free content. Big candles are what you want to see and look for. Big candles moving past a previous high or low and making a new higher high or lower low. This creates a "Fresh Zone", you mark where those big candles originated from and highlight the last bearish candle before the move high or the last bullish candle before the move low. + +Some of you guys probably remember the previous EU short entry I took and even got some comments asking "Why would you short EU? and "How the hell are you taking these entries with such low draw down?!" Well, it's not by taking wild guesses, I assure you that. + +[Here's the entry](https://preview.redd.it/z6rsuzgdmkp31.jpg?width=1125&format=pjpg&auto=webp&s=b2377d398873bf99ab1699257eb63f5594b7aef7) + +Let's pay attention to these green arrows numbered 1, 2 and 3. #1 was where the entry from above was taken. 2 and 3 were other possible entries that matched into my personal trading plan with strict rules of engagement. As a self-proclaimed sniper, all that I do day after day, week after week is for wait price to line up with my crosshairs. I mean, obviously there are a lot of possible S&D zones. The main issue people have is confirming the right ones. What I can say, is that the "Right ones" are the mostly the most Obvious ones. As long you're following the illustrations from Alfonso's example, that's all we can really do. Mark them up on the macro time frame and wait for price to enter the zone and watch price paint the same RBR RBD on the lower time frame. That is the most basic way. But for me, I've simplified this process. + +https://preview.redd.it/bsww488imkp31.png?width=1184&format=png&auto=webp&s=023d8b4672561aa59df39aed481cf89f20b80bba + +It was my first year of trading when I received this indicator. It took months of paid subscription until my former mentor sent me the files. He wasn't a pure S&D trader though. His markings gave me a headache. Too many trendlines, too many moving averages, with all the indicators I could barely even see the candlesticks anymore. But he was making the most consistent profits that I've seen at the time. It's just that, I couldn't see it myself. That's when I discovered my own trading style and promptly left, thanking him for the experience. + +But nonetheless moving on. #1, #2, and #3. + +&#x200B; + +[Indicator Gray zones matching up with S&D zones](https://preview.redd.it/5mquiy07qkp31.png?width=1364&format=png&auto=webp&s=35881b9ff458437138de3604469a0f2a2a4dea36) + +Pure S&D trading coupled with the indicator my previous mentor sent me, I've simplified the S&D process. Not through his advice, but through my own self-discovery with the tools I had. I'm no longer waiting all day staring at charts waiting for price to enter the zone just to discover that it's the wrong zone and losing money. The most important asset I want is Time. Time to free up so I can work on other things. I'll simply wait for price to reach the gray zones on the indicator. Some days it never reaches, and that's why I have a strict set of rules to follow. Price isn't entering the gray zone, fine, stay away, take a break. + +Price enters the crosshairs of my gray indicator coupled with obvious S&D zones: Boom, headshot. + +GBPJPY Bonus shot following the same exact rules from above. Closed at 1:13 RR + +&#x200B; + +https://preview.redd.it/ssbuwcojskp31.jpg?width=1125&format=pjpg&auto=webp&s=faf48fd037ca7f496bfea06b828ee97ff446bb9e +My company (Intuit) has a stock purchasing plan that allows me to put 15% of our salary towards buying shares at a 15% discount. + +Also, my RSUs are also vesting on a schedule. + +I've been doing this about a year and a half now and sitting on a sizeable amount of company stock. + +I know some people sell the stock plan stocks right away, also the vested RSUs and treat it as cash or diversity with index funds, but what do you suggest? +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/mtwpit5bt9771.png?width=1426&format=png&auto=webp&s=1244d2e0fa4fa4d342fda4775162b3c12dcae185 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $212.31 + +&#x200B; + +Open Price: $221.16 + +Daily High: $227.45 + +Daily Low: $211.60 + +Volume: 3.84 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉 HYPE WEEK 🎉 + +&#x200B; + +**Monday**\- NSCC-2021-002 approved + +**Tuesday**\- Gamestop completes 5 MM share ATM offering and makes A BILLION BUCKS AND SOME CHANGE NBD + +**Wednesday**\- HYPED AND HODLING + +**Thursday**\- T+21, NSCC-2021-002 Implemented + +**Friday**\- $GME officially joins the Russell 1000 Index + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +# [Today's Jungle Beat is hanging out on our Superstonk Live YouTube Channel for another episode of Monkey Business!](https://www.youtube.com/watch?v=52JbzEuYb8A) Going live at 5PM Eastern ([Link](https://www.youtube.com/watch?v=52JbzEuYb8A)) + +Join u/sharkbaitlol and u/pinkcatsonacid as we welcome u/buttfarm69, u/broccaaa, and other apes from the community as we discuss topics such as; $GME News, 002, RRPs, Ryan Cohen's T+21 tweets, and more! We will see you at 5PM NYSE time! + +&#x200B; + +There will not be a live chat discussion for today's livestream, but feel free to use the comments here! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Relevant Posts Discussed in Today's Episode of Monkey Business + +&#x200B; + +[GME ATM Offering Complete (Link to Press Release)](https://www.reddit.com/r/Superstonk/comments/o5k6oy/gme_finished_share_offering_of_5000000_shares_of/) + +&#x200B; + +[Cohen has reached the same conclusion as u/Criand's T+21 Net Capital thesis: An analysis of tweet activity and corporate announcements](https://www.reddit.com/r/Superstonk/comments/nycuk4/cohen_has_reached_the_same_conclusion_as_ucriands/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[A revisit to Net Capital. What is truly driving these T+21 loops, the March and June gamma runs, and how skyrocketing ETF FTDs might cause big price movements in the coming weeks.](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) + +&#x200B; + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +&#x200B; + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store)** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop)** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +https://preview.redd.it/ps5nx0bwz8771.png?width=1600&format=png&auto=webp&s=6b432b9832eb115436f72b5af4eb5c3524fa77c9 +I am very close to buying a house with my wife and my downpayment is far larger than hers - about 10 times more. I was wondering if someone here has been in that situation and if you did a fair split in ownership of the house on purchase and how that worked. I just want to own a bigger percentage based on my downpayment on paper, after that we are splitting everything equally.The mortgage broker was talking to us about an insurance that if one of us dies the insurance pays for the mortgage and the other person keeps the house, and I am also wondering if doing a "fair split" would also affect this insurance, if anything were to happen to me, I want to ensure she keeps the house. I was asking the solicitor but I didn't get much of a clear answer, it seems that this is an odd request? (I don't know why) + +In reality I am pretty sure everything would be fine and we would never need to exercise that split or that it would be a moot point if we were to have kids later. However you never know in life, if things were to go south in six months, I wouldn't want to part with half of my savings overnight, as that would make a breakup twice as sour. +Good Morning Apes! + +GME having another low volume climb in the pre-market again today already up $2.50 from close. + +Usually at this point in the week we could expect exposure to be covered and the price to begin drifting down but instead our volatility seems to be picking up. Slowly inching up each day since that bounce on the EMA 30 a couple days ago. Maintaining a consistent uptrend since the 10/25. + +[GME trend on the 4h](https://preview.redd.it/94z60g7q4d081.png?width=1612&format=png&auto=webp&s=608589b5dd966d9c7d1117c865b5dd8d9074a0ba) + +Now if the are done covering gamma exposure we have previously seen them drop the price hard over these next 3 days in the cycle, however if the illiquidity is significant enough and call interest continues to remain high we may get something more akin to May where the price climbed slowly into the first ETF exposure date. + +[MOASS the Trilogy: Book One](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +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 + +Well an entire 7 hours for a .12 cent gain...worth it. GME holding 210 like a champ. + +[GME consolidating nicely within this wedge](https://preview.redd.it/gkdf9csb5f081.png?width=1612&format=png&auto=webp&s=921f601c7c8ca1b287bd7000b3ff128a0a911635) + +As we move forward into the exposure date T+2 from tomorrow this makes the highest price we have ever entered this period of the cycle on this same day in August we traded as low as 155. This presents significant potential for the expected price action. + +https://preview.redd.it/uk39vqr05f081.png?width=684&format=png&auto=webp&s=1fccda2c491e7fc92ef6dd2484b112374b9c4bd3 + +Thank you all back to the DD for me... + +\- gherkinit + +Edit 4 3:47 + +https://preview.redd.it/y4kxre572f081.png?width=498&format=png&auto=webp&s=29889e777b48f1bcb29390d3f45e4d28335d2759 + +Edit 3 2:23 + +Forgot again sorry watching the price slowly fall today and answering questions has me distracted but it looks like we are heading for that lower support as expected. + +https://preview.redd.it/np28z1aane081.png?width=1621&format=png&auto=webp&s=dfc89e73c349a9268467cc00565316aca8e63d7d + +Edit 2 12:10 + +So sorry I got caught up with chat and questions on YT. We are still trading along VWAP after testing the upper trend on this short term wedge. we could continue to fall towards the bottom trend but are currently holding VWAP. + +https://preview.redd.it/h9h51vxqzd081.png?width=1618&format=png&auto=webp&s=094e6aae4341e8a4f99c59d2300a2ee2396cc4cc + +Edit 1 9:48 + +Small dip at open and no volume and price continuing up this reminds me of the same days in the may cycle from 5/20 - 5/24. This weeks consistent growth could be an indicator that they intend to roll. + +https://preview.redd.it/h1r5ezmgad081.png?width=1612&format=png&auto=webp&s=4e87c4bb88cbc5807f8e2e8be5ea1db8e794ed14 + +# Pre-Market analysis + +Small dip at open and steady climb since, no local gaps too fill. + +Volume - 16.14k + +Shares to Borrow: + +IBKR: 100,000 @ 0.7% (200,000k borrowed this morning) + +Fidelity: 1,334,592 @ 0.75% + +Shares borrowed indicate some shorting at open. It would be ideal for them to drive the price down today and tomorrow to reduce exposure on the GME monthly and ETF quarterly options. Who's gamma we expect to move the price next week. + +[GME pre-market 1m](https://preview.redd.it/vz3s1uzk6d081.png?width=1617&format=png&auto=webp&s=ef8aaffdc1001a1424883ece8034d7eca3252942) + +**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/) +Hello + + +I've known about the FIRE movement for some time now, but recently I watched the "Playing with FIRE" documentary (which is great), and that really got me thinking about it and what I want to achieve in life. As far as I understand, people who want to FIRE do it because they want to have the freedom to do what they want to and not get confined by money worries and/or their day job. Cool, I completely understand that, but what if the goals you want to achieve involve having a job? + + +Well... that's kind of me. I am 26 and work in research. My #1 goal is to contribute to my field and advance humanity through it, and then secondary goals of having a family, spending time with them and friends, financial independence, living a healthy life, and exploring the world. Now here is the weird bit, to achieve my #1 goal, I have to work in a team which constitutes either being part of an R&D company or academia, both of which pay very decently here in Europe and allow for a great lifestyle. I am fairly confident that I will always be able to find such jobs throughout my lifetime, which gets me thinking, by pursuing my #1 goal, am I by default FI? Now obviously, there is no such thing as true FI - I can't decide to buy a private jet or something but 90% of the time I can decide what I want to do, and never for the past 3 years or so have I had any sane money issues where I couldn't get something I need. + + +From a FIRE perspective, does my reasoning make sense, or am I missing something? +Hello Everyone! + + +B\_T here with a quick mod team update. + + +https://preview.redd.it/9gjlw9z5vq681.png?width=2053&format=png&auto=webp&s=7efd2572c3a0e27eba6bce7d28871fa037f48581 + +As of today, we have two new mods joining our team! These two have shown significant dedication to the sub and the apes, and they fit super well with our team. I speak for the whole mod team when I say that it will be a huge pleasure working with them. So without further adieu... + + +# 🚀Give a warm, ape-ish welcome to u/Cheelout19 and u/Hipz 🚀 +Title. + +It's not beyond unreasonable that analysts at whatever financial news outlet have already bought bitcoin. Kramer previously had 10% of his portfolio in gold, then after talking to anthony pompliano he changed that to 5% bitcoin and 5% gold. Why bring up Mad Money host, Kramer? Cuz he shilled companies that were going bankrupt during the 2008 financial crisis. + +How are youtubers similar to "journalists" in this space? Both make money from you clicking on their content... + +**Right now I really believe the most important information any of us could have access to is the list of people and companies they represent that signed up to Microstrategy's "bitcoin for business" webinar.** + +EDIT: With regards to "bitcoin supercycle" theory... I think the chances of that happening are slim, but I put it at about a 10% chance. I am not a financial analyst, but the one thing that I think would definitely speed it up is IF we see lightning adopted faster - and that takes taproot mass adoption which *might* become a possibility in November? I'd also like to highlight [this thread](https://old.reddit.com/r/Bitcoin/comments/mminc1/i_work_in_private_wealth_management_in_2017_1_of/) in /r/bitcoin seems useful, if the O.P. is telling the truth. His account is only 3 months old, so you have to take it with a grain of salt... +Don’t have a lot of money to invest, but bought 635 shares of ALPP at $0.48 and two weeks ago, I bought the love of my life an engagement ring. I proposed this morning and she said yes! ALPP has made me enough that I can cash out now to pay for the ring, but it will be hard to sell my shares. Thanks to this sub and all the people who put in the time and effort for DD. Your efforts do not go unappreciated and made my dream come true today! +Guten Tag to this global band of Apes! 👋🦍 + +As we close out another week, I just want to share how impressed I am at the resilience of this community. This has not been an easy road, and Apes continue to press forward with the same energy that brought us together in the first place. Just a few days ago, Kenneth Griffin showed us the toll that this battle has taken on him, and it isn't pretty. The exuberance of DRSing shares is infectious, and there is nothing that Kenneth, Steven A. Cohen, or anyone else can do to take that from us. + +Nevertheless, they will try. + +We've all been eagerly anticipating the GameStop report, and while nobody can predict what it will contain, there is no shortage of possibilities. Whatever it does contain, when it drops there will be an immediate attempt to manipulate the price of the stock to spin a narrative that it is devastating news for this movement. This is exactly the same kind of fuckery that they engage in when GameStop releases excellent news, but in this case it'll be fuckery to distract from the fuckery that came before. Knowing this, I encourage you to steel yourself against this FUD. Take the opportunity to buy the dip - this may be one of the last dips before the MOASS. + +Today is Friday, October 8th, 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: **$172.56 / 149,25 €** *(volume: 586)* +- 🟥 115 minutes in: $172.52 / 149,21 € *(volume: 586)* +- ⬜ 110 minutes in: $172.55 / 149,24 € *(volume: 584)* +- ⬜ 105 minutes in: $172.55 / 149,24 € *(volume: 581)* +- 🟥 100 minutes in: $172.55 / 149,24 € *(volume: 581)* +- 🟥 95 minutes in: $172.58 / 149,26 € *(volume: 581)* +- 🟩 90 minutes in: $173.73 / 150,26 € *(volume: 577)* +- 🟩 85 minutes in: $173.65 / 150,19 € *(volume: 577)* +- 🟩 80 minutes in: $173.40 / 149,97 € *(volume: 577)* +- 🟥 75 minutes in: $172.35 / 149,06 € *(volume: 531)* +- 🟩 70 minutes in: $172.62 / 149,30 € *(volume: 425)* +- 🟥 65 minutes in: $171.84 / 148,62 € *(volume: 152)* +- 🟩 60 minutes in: $172.24 / 148,98 € *(volume: 122)* +- 🟥 55 minutes in: $172.22 / 148,95 € *(volume: 122)* +- ⬜ 50 minutes in: $172.26 / 148,99 € *(volume: 114)* +- 🟩 45 minutes in: $172.26 / 148,99 € *(volume: 106)* +- 🟥 40 minutes in: $172.20 / 148,94 € *(volume: 105)* +- 🟩 35 minutes in: $172.29 / 149,01 € *(volume: 85)* +- ⬜ 30 minutes in: $172.19 / 148,93 € *(volume: 83)* +- 🟩 25 minutes in: $172.19 / 148,93 € *(volume: 80)* +- 🟥 20 minutes in: $172.17 / 148,91 € *(volume: 41)* +- 🟩 15 minutes in: $172.20 / 148,94 € *(volume: 24)* +- 🟥 10 minutes in: $172.16 / 148,90 € *(volume: 24)* +- 🟩 5 minutes in: $172.22 / 148,95 € *(volume: 24)* +- 🟩 0 minutes in: $172.16 / 148,90 € *(volume: 19)* +- 🟩 US close price: $172.12 / 148,87 € *($171.51 / 148,34 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1562. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Bought a shop lotto a few months ago and it expired a few cents in the money while I was in a work meeting. Basis 348. Of course that next Monday it tanked on open and I decided that I liked the volatility and the general cost, so I (nervously) held. + +Ultimately I wrote three rounds of ATM covered calls, some ~45 days out, others 14, always entering a buy to cover at 50%. The cycles over the last six weeks had me deep in the red at some point (kicking myself) but I hung in there and the options always lost value where I was able to reduce cost basis by about $25 total. + +Today the underlying dipped deep red in the AM where I bought back my latest calls at 50% and then it breached my original cost basis and I sold with a stop limit for a small gain. + +Whew! Doesn’t always work like this but this worked out for me. +Hi, we are Mt. Gox. Ask us anything. + +Dear Bitcoiners, Mt Gox customers, and Redditors. +The past few days and weeks have been a rollercoaster ride to say the least, and while we are still under constant DDos attack (more so than usual) we wanted to take the time to do an AMA on Reddit and communicate directly with everyone. Mark Karpeles, President and CEO of Mt.Gox will reply to any questions you may have regarding the recent events. + +Of course this ranges from the recent DDoS attacks, the overwhelming amount of new accounts created in the past few months (and days for that matter), and of course everything you ever wanted to know about Mt.Gox. + +Some technical details we cannot divulge since they will assist those trying to undermine the exchange, but we will do our best to answer your questions over the next couple of hours. + +Verification: https://www.facebook.com/MtGox/posts/443093862439476 + +UPDATE: Thanks so much to everyone for your questions, criticisms, and comments. We hope we were able to clarify enough, at least for now. This was an interesting few hours! If you think this was helpful, and you want us to do more in the future, we are open to it. The beauty of bitcoin is openness and transparency and we aspire to that as much as possible. Speaking of which, we haven't forgotten about publishing our transparency report either, but that was postponed for obvious reasons. Please give us a couple of weeks. + +Thanks again. Back to work for us. + +Everything is so much more expensive. If you have a partner who is also working, it makes life so much easier even if both partners don’t make that much two incomes are better than one. Even if one partner stays at home it’s still better because you at least get someone to help with cleaning, cooking, shopping. I’m scared about my future. I don’t think I’ll ever be able to afford to buy a house or retire at this point. +Waking up to a story about the airlines shutting down thousands of flights and the futures are up - + +The FED will start to “taper” or stop spending billions/trillions to pump up this market - this stock market is so disconnected from the real economy… + +Once they stop spending this market is gonna crash like 1929… right now they are Painting a picture for the American people so they hold on their shitty SPY etf… + +Once the fed stops their pumping with fake money from thin air this market is gonna crash 70 pct…. + +If J POW stops buying securities this is Probably the catalyst and it could be this weeek…. + +This is just my opinion man… +TLDR: The price is wrong bitch, and nobody is selling! + +Hello my fellow apes! + +For many months now, I have lurked and commented on this sub (after having made the two great ape migrations to find my way here) and I have enjoyed the fruits (bananas of course) of many a good ape's DD. + +Finally, I think I may have something of value to add, so here we go. + +I don't know about you, but every time I have needed an extra dose of that sweet sweet confirmation bias - there is one metric I always turn too - and that is OBV. + +So what is OBV - put simply - its straight forward maf. On days when the closing price increases over the prior day, the total volume for the day is added to the running OBV total. On days when the closing price decreases from the prior day the total volume for the day is subtracted from the running OBV total. + +That is it - its quite simply addition and subtraction! + +That is probably why my smooth brain gravitates to it, for even I just a simple minded ape, can understand addition and subtraction - and there is one great constant about maf - it doesn't lie! + +So what does OBV mean? Well its used as an indicator of stock price momentum - here is a more in depth definition for you more wrinkly brained apes; + +[On-Balance Volume (OBV) Definition (investopedia.com)](https://www.investopedia.com/terms/o/onbalancevolume.asp) + +Specific to my favorite stock, for me at least, I have been using it to gauge how much buying and selling volumes underlie the price movements we see each day. In other words, are these price movements the result of real trading (at least real lit exchange trading) or are there other, perhaps more sinister forces involved in what we see. + +In evaluating OBV, as with any technical indicator, you need to consider the timeframe you are looking at - as the mantra goes - when in doubt, zoom out. So I have used the six month OBV as my primary timeframe when looking at what is going on with it. + +With the first full six months of the year now behind us, I decided to take a deeper look at OBV and what it may tell me about what has happened this year. + +Soooo, I downloaded daily closing price data and daily six month OBV data from January 4th (the first trading day of the year) to June 30th. Next, I calculated the percentage of day over day closing price change - and the percentage of day over day OBV change. + +My thought was to see how these percentages correlated - and the results were interesting....... + +&#x200B; + +https://preview.redd.it/a0f2zqrcmn971.png?width=1066&format=png&auto=webp&s=7e8438a2693d970a8d147ab671b973a70da8f1dd + +Wow, look at that - squiggly lines! + +So what you see here along the X axis are dates - what you see along the Y axis are %'s of movement. So the blue line is the % of day over day closing price change, and the orange line is day over day % of OBV change. + +So here comes a dose of that sweet confirmation bias! Take a look at how price and OBV correlate in the first part of January - the lines are literally on top of each other (yeah, cause they like it like that). BUT what happens during that last week of January, our favorite sweethearts definitely decide to part ways! + +Its clear that starting with the January run-up (starting on Jan 22nd, with the week of Jan 25th being the mini squeeze), the price action movement and OBV movement completely disconnect from one another. Hmmmmm, wonder why that could be, maybe someone started kicking the GME naked short can down the road HARD?!?!?! + +So what has been happening ever since late January, as you can see, with each major price movement (up or down) OBV does not remotely track the price action. The price line looks like my heart rate watching the daily ticker - and the OBV line looks like the EKG of Kenny's soul - flat lined. + +BUT, what is even more interesting to me is the disconnection we see when the price is making major *downward* moves - say from February 1st to the 4th - or March 24th - or June 10th - OBV just sits there like a stubborn Ape who refuses to get off their banana pile! + +So what does this mean? It means there is NOT significant selling volume correlated to these price dumps. The price action is manipulated, its fake, its artificial - THE PRICE IS WRONG BITCH! + +And what else do we know - NO ONE IS SELLING THIS THING! + +Here are a couple more tasty OBV nuggets - lets assume we started 2021 with a running OBV balance of zero. So taking the Jan 4th trading data to calculate an opening 2021 OBV value, and since the closing price decreased from the last trading day of 2020, and the January 4th trading volume was 10,022,400 - you would get an opening 2021 OBV of; + +January 4th 2021 OBV = (10,022,400) + +So what has the subsequent 2021 price movements and volume done to that opening OBV you ask? Are you ready...... + +June 30th 2021 OBV = 1,190,056,208! + +Thats right, 2021's daily closing price increases have generated 1,200,078,608 more trading VOLUME (not shares, but share volume) than daily closing price decreases! + +Uhhhh, I am no wrinkled brain but that seems like the buying is *real* \- and the selling is as *fake as Nickleback*. + +In fact, from January 4th to January 29th - 2021 OBV increased by 948,844,008 on a 1,784% increase in price during the period. + +And from February 1st to February 26th - 2021 OBV *increased* *again* by 28,375,204 on a 68% *decrease* in price during the period! Whaaaaaa.......yep, that's right......2021 OBV went UP while the price went DOWN in February. + +Maf ain't supposed to work like that............but there it is! + +One last shot of OBV confirmation bias - since March 10th (the day that will live in HF fuckery infamy) the 2021 OBV has stayed between 1,240,057,308 and 1,082,830,208 - or within 12.7% of the 2021 OBV on March 10th. + +Just think of all the price movements since March 10th - and again 2021 OBV has just sat there like a stubborn ape! + +They can throw all the smoke and mirrors at the price they want, and they can spend all their money manipulating the price - but at the end of the day - they must obey their OBV master....... + +All shorts must cover! + +This is not financial advice - I am but a smooth brained crayon consuming cross eyed ape who doesn't know anything about maf or stocks. + +EDIT 1: Thanks everyone for the comments and awards - I *definitely appreciate* the comments. In looking them over, there seems to be a couple themes to several of them that I wanted to share some thoughts on. + +The first theme - is "January throws everything off so maybe do not use that data". Yep, I get it, the trading volume during the January sneeze was INSANE. To me though, I do not see value in excluding it from this analysis. That seems akin to someone trying to sell a car that was rear ended by a dump truck by only posting pictures of the front end in the sales ad - then telling a potential buyer - see the front end is fine. Yeah, but the back end is a train wreck and that is an important data point to have - so again - to me I do not see the value in excluding the data from what has been one of the most central components of the stonk's 2021 story. + +I also did include February 2021 OBV data that I found interesting that excludes any impact of the January run up volumes. The same for the March 10th to June 30th timeframe 2021 OBV data. + +The second theme - is "analysis is bad because the stock is manipulated". Again, yep, totally agree and get it that it is heavily manipulated. I do HIGHLY encourage all apes to have their eyes as wide open as possible when looking any DD over and this post is no exception. However, I don't fall into the "all GME TA is bad because its manipulated" camp - I have found A LOT of value and LEARNED a lot from various TA DD posts this year. But yes, the stock is heavily manipulated and the common TA indicators do not contemplate manipulation in their design. + +So is the manipulation skewing this analysis as compared to if it were not manipulated - yep - but shedding a little more light on that manipulation was kinda the point of the analysis. Also, there have been a number of great DD discussions about how SHF's that participate in PFOF have routed buy orders through dark pools but kept the sell orders flowing through the lit exchanges - so in one way - the ongoing manipulation has skewed this analysis by undercutting the buy volumes which results in greater weighting to the sell order volume in the analysis. Absent that dynamic perhaps the OBV would reflect lop-sided buying volume even more than it already does. + +Again, really appreciate everyone's time in looking this over - and your comments. I have gained a lot by reading all the great DD this sub has generated and my sole purpose with this post was to share some data that I had not seen presented that I found pretty interesting - hope you have as well. +Up until the video about meme stocks, GG hadn’t done anything overtly malignant to the GME crowd. He withheld vital information on the GME report, but he at least is giving lip service to retail. That video was sanctioned by the US Government. As wildly inappropriate as it is. GG does BlackRock’s bidding because the US Gov is beholden to them after the 2008 disaster, and they are the only ones who would be able to get something like that from the US government. + + +Wonder what GG’s big deal with climate issues and crypto regulation is while Wall Street burns? Guess who else is interested in these topics. + +[Blackrock on Crypto](https://www.coindesk.com/business/2022/03/24/blackrocks-fink-says-ukraine-war-could-accelerate-crypto-adoption-report/?outputType=amp) + +[Blackrock on Climate](https://jacobin.com/2022/04/blackrock-climate-crisis-finance-fossil-green-esg-investments) + +Blackrock is the Big Bad. With its ALLADIN software it’s sold to millions to cheat retail out of money using complex derivatives and massive over-leveraging, they own the government and the markets. + +The fact that the government is being so blatant about its abuses leads me to believe we are a much bigger problem for them than they want to lead on. + +Hold. Buy shares when you can. DRS. CAREER 50 YEARS OF EMPLOYEES ARE LEAVING. It’s working. We are watching the collapse of the US economy before it even happens, and everything they’re doing just confirms it. +Total Return = Price appreciation + dividends. + +I'm already aware US dividend growth indexes generally underperform total US market indexes but come with slightly less volatility which is nice when you're close to retirement. + +Do the dividend focused investors here on this subreddit want lower overall volatility in the accumulation phase of life? + +Is everyone here aware that dividends are NOT free like interest earned in a no-risk high yield savings account? + +Passive income can come from a security even if it doesn't pay a dividend. Additionally, selling shares when you need cash is more tax efficient than the consistent tax drag dividends cause in taxable accounts. + +It seems obvious to me that if you only focus on dividend payers but ignore other factors that non-dividend payers have, it's a recipe to underperform the overall Market, especially in the accumulation phase of life. + +SCHD has underperformed VTI since inception. See Backtest (with dividends reinvested) in the comment section. + +Just trying to understand the dividend focused investor mindset. + +Any response is appreciated. Thanks. +If you had $15,000 and wanted to make the best / aggressive ETF dividend portfolio what would you do? +-I’m just graduating college (debt free) +-My risk tolerance is high +-This is for my Roth-IRA +-Holding for long term, won’t be touching + +-Any feedback would be greatly appreciated! Thank you! + + +[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!* +Im 19 currently work 9mins away from work for 5 days(40hrs) a week at $19/hr along with every other weekend ($28.5/hr-Sat, $38/hr-Sunday). But soon to be switching to 6 days and 55hrs. I have plans to attend Community College this fall. + +Starting off my goal and mindset was to buy a vehicle later this year. A truck not new but used and something that I like for 20k or to begin making payments and receive a car loan. A treat to myself. I currently drive a 2009 Pontiac G6 w 193k miles. But looking forward I feel like this isn’t the right choice. If I did buy another vehicle Id be able to give my mom my car. But as much as I do want a truck Id like to be financially responsible and not be dumb with my money. I don’t know If Id be housing near my school or just commute and stay living at home. I don’t pay any utility bills just Insurance, Gas ,and soon to be CC. I hope to still be working when school starts at least 40hrs but am afraid it will have to be less. + +Anyways my gut is telling me to just save up my money. To buy and be ready for any necessities that I will need later on. As well as paying off school when Im done. But is that all there really is to offer? Am I missing something? I am just lost at times. + +Thank you to anyone that answers, your advice is appreciated! +I’m refinancing my properties and loaning a decent amount of cash to buy a business and I was told I’d be signing on PEXA at the start of December. It’s now mid December and I have spoken to the new account manager and he’s saying it’s unlikely that anything will be happening before March now. +I have now got to deal with a vendor who is pissed with all the delays. I started the process of signing paperwork at the start of September, now I’m looking at handover in March. +How do I respectfully escalate this to get it done quicker? +There's a new video from Ben Felix again advocating for significantly less than the 4% rule. Interesting perspective, especially considering on this and similar subs 3-3.5% is considered extremely safe. He's definitely a credible guy with thoughtful videos and citing research so not one to immediately dismiss. + +[https://youtu.be/1FwgCRIS0Wg](https://youtu.be/1FwgCRIS0Wg) +Over the course of 2021 I invested in FB, NFLX, TMUS, DIS, JPM, GS, ADBE, LEN, SAM, PYPL, SQ, SHW, BABA, BKNG, SE, SHOP, MRNA, NET, DKNG, PLTR, HD, and NVDA and have unrealized losses ranging from 13% to 75% on all these stocks. I bought AMZN in March 2021 and SPY/VOO/VTI in July 2021 and those have been flat over that period. + +The only bright spots in my portfolio have been AZO, AA, ANTM, PG, and COP but I only put 1% capital into each of those stocks and I am down 55% on my entire capital. I just dont feel like I will ever recover from the losses any time soon. It is going to take more than a 100% gain on what I have now to recover and I am thinking about giving up on stocks. What should one do if they are in this spot? +It's kinda funny how we all keep bashing said meme coins, and they just don't care, I think it's time to accept that logics don't apply anymore, 2 of the top 10 crypto are dog coins, there are actual people getting rich from memes, how crazy is that? + +Some of you might feel let down abut this, I know I did, mostly because there are other projects I believe in that aren't doing nearly as good (SHIB over DOT, the f is wrong with you people 🙁 ) but take your time to think it first before FOMOing, this may be a hype run and there will be a lot fear involved! + +How do you guys feel about this, it's time to stop DYOR and just look for the next big dog coin? +Guten Morgen (¡y hola!) to this global band of Apes! 👋🦍 + +Apes, I cannot help but feel like (once again!) like we are getting closer to the inflection point of this movement, where suddenly the cards will begin to fall and the reality of the situation will be laid bare to the world. The core thesis of the GameStop MOASS movement is that hedge funds have created phantom shares by selling shares that they never borrowed, and have abused their market maker privileges (and deep connections on Wall Street) to hide the true scale of their short positions. We have seen indications of this countless times, but yet the SEC continues to fail to stop the practice and they continue to naked short GME. + +However, they cannot continue much longer. Shareholders have begun voting FOR a motion to approve allowing GameStop to issue additional shares for the express purpose of a share dividend, which the board intends to proceed with if the measure passes. This is not a controversial vote - anyone who owns shares and understands what a share dividend will do to the short sellers is going to benefit greatly from approving the measure. Additionally, between the shares that Apes HODL at ComputerShare and what RC and other GameStop insiders own - there is little chance of the measure failing. Even so, the 300m currently approved shares are plenty to issue a stock dividend, though on a much smaller scale. + +Meanwhile, GameStop is quietly moving forward with its own plan to revolutionize retail. The weekend's hints that May 5th could be a big announcement have me hopeful that we're going to see back-to-back blows against the Institutional Shorts that sends them reeling. They are desperate to get out of their positions before being forced to provide 7 shares for every share they are short. When GME runs in the next few weeks based on announcements in the NFT space, will any SHFs panic and rush to close first? Will the broader turmoil in the housing and stock market cause them to get a margin call? Let's see if we can glean anything in the pre-pre-market! + +Today is Monday, April 25th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$137.51 / 127,12 €** *(volume: 1174)* +- 🟥 115 minutes in: $137.52 / 127,13 € *(volume: 1170)* +- 🟩 110 minutes in: $137.74 / 127,34 € *(volume: 1161)* +- 🟥 105 minutes in: $137.51 / 127,12 € *(volume: 1158)* +- 🟥 100 minutes in: $137.81 / 127,41 € *(volume: 958)* +- ⬜ 95 minutes in: $137.85 / 127,44 € *(volume: 932)* +- 🟩 90 minutes in: $137.85 / 127,44 € *(volume: 931)* +- 🟩 85 minutes in: $137.82 / 127,41 € *(volume: 831)* +- 🟩 80 minutes in: $137.75 / 127,35 € *(volume: 830)* +- 🟩 75 minutes in: $137.57 / 127,17 € *(volume: 823)* +- 🟩 70 minutes in: $137.53 / 127,15 € *(volume: 700)* +- 🟥 65 minutes in: $137.19 / 126,82 € *(volume: 690)* +- 🟩 60 minutes in: $137.70 / 127,30 € *(volume: 298)* +- 🟥 55 minutes in: $137.69 / 127,29 € *(volume: 262)* +- 🟥 50 minutes in: $137.78 / 127,37 € *(volume: 227)* +- 🟩 45 minutes in: $137.88 / 127,47 € *(volume: 190)* +- 🟥 40 minutes in: $137.84 / 127,43 € *(volume: 185)* +- 🟩 35 minutes in: $137.94 / 127,52 € *(volume: 185)* +- 🟩 30 minutes in: $137.73 / 127,33 € *(volume: 184)* +- 🟩 25 minutes in: $137.64 / 127,24 € *(volume: 118)* +- 🟩 20 minutes in: $137.59 / 127,19 € *(volume: 107)* +- 🟩 15 minutes in: $137.42 / 127,04 € *(volume: 105)* +- 🟩 10 minutes in: $137.18 / 126,82 € *(volume: 102)* +- 🟥 5 minutes in: $137.10 / 126,75 € *(volume: 45)* +- 🟥 0 minutes in: $137.18 / 126,82 € *(volume: 45)* +- 🟥 US close price: $138.22 / 127,78 € *($137.46 / 127,08 € 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 1.0817. 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! +Be rational, take a breath. I promise you, you will know when it finally squeezes. The key now (and this is mostly for the new apes) is to hold tight, be patient and be fucking emotionless. It is just money, you can make it back and the potential gains from this squeeze outweigh the initial investment by margins you won’t even be able to comprehend. The DD is diamond solid, now your hands have to be diamond solid. We all believe in you. + +This isn’t financial advice, I’m not a financial advisor, I just can’t wait to get a new handicap sticker for my Lamborghini 🐎 + +FUCKING HOLD AND BUY + +&#x200B; + +edit: How do we get this info to WSB? I have the feeling a lot of people are not anticipating it +Interesting article I came across in the Wall Street Journal this morning regarding the 4% rule; which is commonly prescribed in this sub as guidance for income in retirement. Many financial advisers are revisiting the age-old advice in the face of financial markets with inflated asset values, which may mean lower returns in the coming years. + +[Here's the article (paywall warning).](https://www.wsj.com/articles/forget-the-4-rule-rethinking-common-retirement-beliefs-1518172201) + +Instead, the article posits a couple of solutions. First is a 3% safe withdrawal rate. This is obviously much safer than the 4% threshold most of us are currently expecting. While safer, this would also mean that you'd need to save 33% more for retirement to achieve the same standard of living that you would need under a 4% withdrawal rate regime. + +The second is a "guardrail approach" which provides more discretion in when/how much you withdraw from your retirement balances. From the article: + +> Say you retire with $1 million in a portfolio with 60% in U.S. and foreign stocks and 40% in bonds and withdraw 5%, or $50,000, in year one. At year-end, you must recalculate your withdrawal amount as a percentage of your new balance. Assuming your portfolio declines 20% to $800,000, your $50,000 withdrawal—plus an annual adjustment for inflation—now represents more than 6% of your new $800,000 balance. + +> Any time your withdrawal rate rises above 6%, the rule imposes a 10% pay cut for the next year, says Jonathan Guyton, a financial adviser and co-creator of this strategy. As a result, after adjusting the $50,000 initial withdrawal—to $51,000, assuming 2% inflation—the method imposes a 10% pay cut, of $5,100, to produce a $45,900 withdrawal in year two. +https://www.cnbc.com/2020/01/28/apple-wearables-home-and-accessories-segment-now-bigger-than-mac.html + +“Wearables, Home and Accessories” revenue is larger than Mac revenue for the first time, Apple revealed in a blowout earnings report on Tuesday. + +Apple’s catch-all category, which includes AirPods and Apple Watch, surged to $10 billion in revenue in the quarter that ended in December, more than the $7.1 billion in Mac computers that Apple sold. + +The milestone signals where Apple’s business has room to grow, and underscores how Apple’s future is based around wearable computers all over the body, instead of computers that live on a desk. +I literally couldn’t of made this up. My wife, a dental hygienist, is going to work for the last time today at an office she’s worked at for just over a year. + +She got a job at another office in town with better pay and hours. A great situation. She was taking the rest of the week to go visit family up north but when we woke up this morning we see on the news that her new office has burned down. Like it’s GONE, sticks on the ground. + +She hasn’t signed the paperwork yet, didn’t receive a letter of hire. Nothing. So in just one night, she has zero jobs after today. What can we do? We’re both just in awe of this situation. + +**UPDATE** My wife has talked to the dentist and he is just waiting on the approval but they have found an empty office that he plans on renting and working out of. It will take possibly an extra week to get set up but we've avoided the worst-case scenario it seems. Thank you all for your suggestions and advice on this. Life's a strange beast, you guys! +I'm gonna hand out some harsh truth to people who think it's brave to not pay taxes. Listen you're not fighting the government by refusing to pay your taxes, you're fighting your fellow countrymen who aren't as fortunate and privileged as you are. + +You think you have earned your wealth all by yourself and the rest of the people in society can go fuck themselves. well that's not how society works, your taxes helps government services that you directly benefit from (but choose to willfully ignore) continue to function, you ignore this crucial part because it doesn't serve your interest. + +Once again I'm asking you to pay your share and stop being a selfish prick, end of rant. +I was calculating my net worth and realized that I could withdraw $14.38 per day - enough to eat for the rest of my life. + +It was very freeing to think that I could comfortable eat for the rest of my life all thanks to financial independence. + +Just something that I thought was worth sharing. +PRE-NOTE: Tried as best as I could to unfuck formatting... plz give me a *break*. Took me a while to write this, I’m still too FUCKING upset while trying to calmly piece everything to figure out the best strategy. Sorry if it’s confusing. These criminals do this fuckery in their working hours, while the rest of us have to waste our free time dealing with these crimes. I really could use some help & guidance as to what legal steps to take now. + +——————————— + +**SUMMARY:** + +Since this exploded and got a lot of feedback (some was really great!) I am rearranging the post to make it more organized/structured. There are 2 subjects on this post: + +1) Interactive Brokers shows in my *account activity statement* that they have been lending my shares for months, **even though the option to lend was off** - I double checked it in March and April before the date of record - and now I cannot vote. This is because **they can ALWAYS pull your shares in Margin Accounts** even if you opt out (it is in their user agreement, fuck these con artists). **SOLUTION**: Account Settings > Account type > Cash (too late to vote tho, sorry fellow apes) + +2) Revolut does not let you vote directly in the official GME proxy site. They sent out an email to everyone to vote in https://vote.saytechnologies.com - which is a third party platform that collects your vote and then **supposedly** they cast the vote themselves. So if you are trying to vote 100 shares, who’s to say they actually vote the full amount? They can only vote 5... or 0. Why all the suspicion? **Because they refuse to give me my control number to vote directly on GameStop** - seriously try your luck, we need more people pressing them. + +——————————— + +**1) Interactive Brokers** + +I waited a couple weeks for their automated email that I always get when there is something to vote on. I even received multiple emails in March to vote for NOK and NPA, which should prove that I had the option to loan shares off (as NPA was particularly demanded for shorts too). So I finally contacted them this Monday, May 3rd, asking about it, only to get this response today: + +>Summary: Haven’t yet received email to vote on proxy/shareholder meeting + +>XXXXX 2021/05/03 14:22:03 + +>Hello, I usually receive an email from IBKR to vote for my holdings, normally a couple of trading days after the release of the SEC filing by the company. It has been over a week now and still haven’t received an email to vote for the GameStop (GME) shareholder meeting, of which I held XXX shares on the record date. Can you please look into this matter? Thank you in advance, Kind regards + +The response: + +>IBCS 2021/05/04 12:50:12 + +>Dear Mr xxx, + +>Thank you for contacting Interactive Brokers. + +>The record date for the GME annual meeting was the 15th of April 2021. + +>Checking your statement of this day shows that your shares were lent out on this day because you are part of the Stock Yield enhancement program: +IBKR Managed Securities Lent Interest Details (Stock Yield Enhancement Program) + +>Value Date Symbol Start Date Quantity Collateral Amount Interest Rate >Earned by IB (%) Interest + +>Paid to IB Interest Rate on + +>Customer Collateral (%) Interest + +>Paid to Customer Code + +>USD + +>2021-04-12 GME 2021-04-12 -XXX xx,xxx.xx 0.xx 1.xx 0.xx 0.xx Po + +>2021-04-13 GME 2021-04-13 -XXX xx,xxx.xx 0.xx 1.xx 0.xx 0.xx Po + +>2021-04-14 GME 2021-04-14 -XXX xx,xxx.xx 0.xx 1.xx 0.xx 0.xx Po + +>2021-04-15 GME 2021-04-15 -XXX xx,xxx.xx 0.xx 1.xx 0.xx 0.xx Po + +>2021-04-16 GME 2021-04-16 -XXX xx,xxx.xx 0.xx 1.xx 0.xx 0.xx Po + +>2021-04-17 GME 2021-04-17 -XXX xx,xxx.xx 0.xx 1.xx 0.xx 0.xx Po + +>As described in the risk disclosure of the program this lending can have the effect that you lose the right to vote on the shares if they are loaned out on the record date for the meeting. + +>This was the case on the 15th of April so no voting material is going to be sent to you. + +>Should you require any further information, please do not hesitate to contact us again. + +>Yours Sincerely + +>Mark M + +>IBKR Client Services + +^(Note I edited those numbers bc idk if they can expose me or my account. They’re supposed to be rates and interest. Essentially they are a record of my shares being lent daily on those days) + +(I thought) I had been extra careful to avoid this sort of shit - **I even have my shares split in 3 different brokers: Degiro, Revolut and Interactive Brokers** - and I myself have been posting so many posts to bring awareness to possible fuckery, now this? + +I’ve already sent an email to GameStop investor relations, if their shareholders aren’t able to vote due to financial firms fuckery, it is in their interest to know and eventually do something about it. I also started composing an email to both the central bank of Ireland and UK - that’s where Interactive Brokers is for EU customers - and FCA (got this suggestion multiple times in the comments, thanks everyone!). + +Here’s the email, **feedback is appreciated**, I have yet to send it as I am waiting a reply from Interactive Brokers today before I consider sending it: + +>To whom it may concern, + +>I am a EU citizen. On May 4th 2021, I received very upsetting news from my broker - Interactive Brokers - who is originally from UK but has opened in Ireland since Brexit, hence my contact to you all. + +>I had contacted them on May 3rd because I’ve been waiting for their automated email to vote on a proxy/shareholder meeting for over a week. Note that I always received these emails for other companies I own shares in, because the option to lend shares has been off for many months. **I had the option to lend shares set to OFF** (they call it Stock Yield Enhancement Program) **I am 100% certain of this because I checked before the date of record**, which was April 15th 2021, for the company in question. + +>They respond that I cannot vote because **my shares were lent out on the date of record**, and that my Stock Yield Enhancement Program was ON - **which is a lie** - **and they set it themselves to “ON/Enabled” without my knowledge**. They proceed to show a record of lending my shares everyday around the date of record. I can confirm they set it to enabled themselves, I cannot confirm when but **I can only presume they did this after my contact**, because last time I checked in April it was OFF, as it had been since the account was created. + +>Furthermore, upon checking my account activity statement, they have been lending these shares several times since January without my knowledge or permission - note that I checked twice, in March and in April, that the option to lend was off, and I only did it to be overzealous, because I never changed that setting and had no reason to believe it would change on its own. + +>I want to exercise my right to vote, I made sure to not lend my shares by checking that the option to lend shares was OFF before the date of record, now they “changed the past” by setting the option to lend shares to “ON/Enabled”, and **either fabricated a history of lending my shares OR they flat out have been lending them without my permission and against my will**. How can I proceed with a formal complaint, and in your opinion what consequences can I yield from this, **namely: how will I be able to vote my shares?** + +>Also, before you ask if I keep proof/backup of all the settings in my brokerage accounts, the answer is “No, because I don’t even have the option to export those settings into a backup file, or at least I wouldn’t know how to do it”. But I am willing to go on record and testify under oath, if necessary, that I checked to confirm that my option to lend shares was set to off prior to the date of record, which was April 15th - and I did it to confirm because I already knew it was off, as it had been since the creation of the account! I even received other automated emails to vote for other proxy votes in mid march, because the lending option WAS OFF the whole time. + +>Thank you for your attention, I look forward to your response. Kind regards, + +——————————— + +**2) Revolut** + +They sent us a link to vote on this “SAY Technologies” platform - **even though it looks legit af**, THIS IS NOT THE OFFICIAL PROXY VOTING SITE. + +Why am I suspicious? This is a company that is backed by Point72 (Steve Cohen) who played a major role in the January collusion when they bailed Melvin. + +Now SAY is refusing to give me a control number, they keep saying I don’t need it because the meeting will be in-person and not virtual, so I cannot get a control number and I should vote in their platform. I find it hard to believe the meeting can be really in-person only, can anyone help confirm this? After a lot of back and forth they keep using this rational: + +>Re: GameStop Corp. Meeting Information + +> Hi XXX, + +>Control numbers are required if you'd like to attend a virtual meeting. Because this is an in-person meeting only and you have already voted your shares online, you will not have a control number. + +>Let us know if that makes sense, + +>The Say Team + +——————————— + +NOTE: I used X’s to replace # of shares and my account number and other personal info +When I look around all of my friends kids, including my own, the kids are so sheltered. They are all fairly young. No one is a teenager yet. + +Everything comes so easy to them. Life also seems comfy. Everyone is nice and polite. Everyone share their toys. + +Contrast this to my upbringing in a 3rd world ghetto. Life was harsh. Everyone was out for themselves. A lot of scammers, thieves, muggers, etc. + +What can I teach my kid so that he doesn’t grow up to be oblivious to the struggles of this capitalistic world? +Wondering what irrational decisions people here make because of habit or whatever other reason + +- went to an NBA playoffs game on a whim last week (decided about 4 hours before) + +- tickets online were $200-$11k (courtside). Narrowed it between $1300 or $2k tickets and went with $2k because..it gave access to free stadium food and drinks ($55/value) and it was slightly closer + +- upon driving there I had the option to park for $60 in the arena, or circle around looking for street parking. + Decided to park for free a mile away and walk 20 minutes even if parking was a negligible difference in the ticket price. In my younger years I developed this habit of never using a lot and would circle for a while looking for street parking and it's stood, even though the area is known for window break-ins +I just went into the supermarket this morning. One of the things I wanted to pick up was two boxes of Rice Chex. I was super surprised to see both flavors cost $7.29. Like this is at a basic supermarket too named Key Food. I was looking up prices yesterday because I was probably going to order some groceries and it was cheaper at Whole Foods and some other services. + + +I haven't bought a box of cereal in a while. I mainly buy oats because it's cheaper and last more than a week. But since I had to change my diet because of an gluten intolerance I was buying gluten free oats. But that is way too expensive for $11 a bag. Because the regular oats tend to still give me a problem. But after seeing the price of the Rife Chex I just ended up buying the damn oats and got me some raisins too. I know that will last me two weeks compared to only less than a week with the cold cereal. + + +But is there something I don't know about Rice Chex? Like I usually think of that as the standard brand of cereal like Cheerios, Rice Krispies, Coco Puffs and etc. Definitely not about to almost $15 for two boxes lol. +Hello + +So I know there's alot of posts about how to split bills fairly as couple but this is a slightly unusual situation. + +My partner owns his home and pays a mortgage on it. He's asked me to move in, and we're going to discuss the money specifics in a couple of weeks, before I move in as we're looking at October/November for that. + +However the unusual bit is he works away during the week so is only usually in the house Fri afternoon to Sunday night sometimes a day mid week depending on the schedule. So bills will go up a fair amount with me being there 7 days a week an working from home 2/3 days a week etc. + +We want to discuss this and make sure it's fair and we're both happy with the amount. So I guess I'm looking for suggestions on what could be fair ways to split the bills etc. As the usual suggestion of percentage of income suggestions feel (to me) unfair to him in this situation. + +Anyone been in a similar situation or have any pearls of wisdom? + +EDIT: thanks for some insights especially those who have been in a similar situation it gives food for thought. + +Those saying you can't believe that this is a question, I'm so sorry that me and my partner have had different life experiences to you, that make this a viable question to us. I came asking for ideas not judgement on the question. + +I don't think I need more input I came here for some ideas /suggestions ideally from those who have been in a similar situation. So when we talk we have a variety of options, more than what we may think of by ourselves. Which I now have. And most of your are just repeating what's already been put anyway. + +EDIT 2 +I won't be looking at any responses anymore this got alot more attention than I expected. I thought a handful of people who'd been in similar situations would come forward with how they handled it. Overall some comments were useful, others were more judgy than anything. +I’m 22 and recently moved out of my parents place. I make about 60k gross with bonuses but net around $3,300 a month. My rent is $1,100 and I’ve always been a saver and I’m on a budget so I’m always in the green every month. The problem I’m facing is that I’m stressed that I’m not saving enough, I’ve been so used to being able to put every check towards saving by not having a rent payment. I’ve saved about 18k to this point and don’t have debt but I’m constantly stressed out that I’m not making enough. I’m in my first job out of college and everyone tells me I’m making good money but I’ve been looking at getting a job on the weekends just to have a bigger cushion. Is this normal stress that comes along with moving out? Also does it sounds like a second job would be a good move? Any thoughts are appreciated! +I don't even know if this is the right subreddit. But here it is- + +I have about $200 or 15k inr saved up. I'm thinking to invest it but not sure where to invest. This is not a large sum to buy stuff stocks or bonds. And crypto is risky. Too unpredictable... Lots instability. I'm confused. Another thing is gold , whose value is predicted to go down and if it increases it is not gonna be significant. + +I don't know what to invest in. Please help me with your advice. We all know knowledge is power! + +Also I want something that I shouldn't need to worry about. Something whose value will increase overtime like 5-10 years. + + +[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? 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +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. + +https://cnevpost.com/2021/12/05/chinese-securities-regulator-says-it-recently-had-constructive-communication-with-us-sec-pcaob/ + +Some excerpts + +"Recently, individual media reports that Chinese regulators will prohibit companies with variable interest entity (VIE) structures from listing abroad and promote the delisting of Chinese companies listed in the US are completely misunderstood and misinterpreted," the statement said. + +"We leaned that some domestic companies are actively communicating with domestic and foreign regulatory agencies to promote listing in the United States," according to the statement. + +"We believe that as long as regulators on both sides continue to uphold this principle of mutual respect, rationality, pragmatism and professional mutual trust in conducting dialogue and consultation, we will be able to find a mutually acceptable path of cooperation," according to the statement. + +In fact, China and the US have been cooperating in the field of audit and supervision of China concept stocks, and had also explored effective ways of cooperation through pilot inspections, laying a better foundation for cooperation between the two sides. + +However, some US political forces have politicized capital market regulation in recent years, suppressing Chinese companies listed in the US for no apparent reason and coercing Chinese companies to delist, which is not only contrary to the basic principles of market economy and the concept of the rule of law, but also damages the interests of global investors and the international status of the US capital market, the statement said. + +"This is a 'multi-loss' approach that will benefit no one," the statement said. +(Bad) sign of things to come for Vegas? Surprised that Adelson would want to sell basically at the lows; things must be looking pretty bleak on the Strip to consider dumping Las Vegas. + +* * * + +REAL ESTATE + +News Wire + +Company News + +Investing +17m ago + +Adelson’s Las Vegas Sands Exploring $6 Billion Sale of Vegas Casinos +Gillian Tan and Christopher Palmeri, Bloomberg News + + + + +Pedestrians pass in front of the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Las Vegas Sands Corp. is scheduled to release earnings figures on October 21. +Pedestrians pass in front of the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Las Vegas Sands Corp. is scheduled to release earnings figures on October 21. , Bloomberg + +(Bloomberg) -- Sheldon Adelson’s Las Vegas Sands Corp. is exploring the sale of its flagship casinos in Las Vegas, according to people familiar with the matter, a move that would mark the mogul’s departure from the gambling mecca. + +The casino operator is working with an adviser to solicit interest from potential suitors, and may fetch $6 billion or more for its Vegas properties, said the people, who asked to not be identified because the talks are private. + +The portfolio includes the Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo. + +A representative for the company confirmed it was in very early discussions about a sale and that nothing has been finalized. + +A sale would result in Adelson, one of the world’s richest men, exiting the U.S., with his remaining casino assets concentrated in Macau and Singapore. + +Adelson is chairman, chief executive officer and a majority shareholder of Las Vegas Sands, which has a market value of $37.5 billion. + +The stock rose as high as 12% in after-hours trading Monday, after Bloomberg reported on the news of the deal. The stock had closed down 3.1% to $49.13. + +https://www.bnnbloomberg.ca/adelson-s-las-vegas-sands-exploring-6-billion-sale-of-vegas-casinos-1.1513344 + Today we’re going to explore sixteen of the most popular technical charting patterns and price action candles that we observe on all timeframes and in all different trading markets. Many technical-based traders make a living exclusively by trading from charts by observing patterns and price action. I have developed the following resource for you to brush up on your technical chart pattern and price action knowledge! + +***If you'd rather watch a video (as opposed to reading this post), here’s a link to my video on this topic:*** [*https://youtu.be/Z9Yw-aRfzTw*](https://youtu.be/Z9Yw-aRfzTw) + +Throughout this post, I am going to cover what each chart pattern looks like (with a provided example), whether each pattern is usually bullish, bearish, or neutral (and how this might affect your trading bias when you see them forming). I’m going to explain the importance of trading volume within each pattern, and where we should anticipate it increasing and decreasing. + +Finally, I will offer logical places to enter positions and set your stop-losses when trading based on each of these patterns. + +It is important to note that no chart pattern has a 100% rate of success. As is the case with all of the following charting patterns, or any trading strategy for that matter, there is no guarantee that we are ever going to experience a winning trade. + +What these chart patterns offer us are scenarios in which we have the odds in our favor, and we have a higher probability of one outcome occurring over another. + +When we have the probabilities in our favor, and we act with consistency, we can expect to **profit over a series of many trades.** + +Even though these patterns generally offer us an idea of whether to expect price to move higher, or lower, **we need to be flexible and ready to make trading decisions, based on the resulting price action** as opposed to what we *think* should happen. + +Check out my Chart Patterns Cheat Sheet which includes a diagram and brief description on how to best trade based on each of the following patterns. It’s been designed for you to print out and keep on your desk to refer to whilst trading! + +**Chart Patterns Cheat Sheet:** [https://imgur.com/a/6GRQn3a](https://imgur.com/a/6GRQn3a) + +**Ascending Triangle** + +As the name suggests, the ascending triangle looks like a triangle, with a horizontal resistance level, and an ascending line of support. Ascending triangles are generally a bullish continuation chart pattern, which means we anticipate long entry trading opportunities, with a higher probability, than we do short. When anticipating going long based on an ascending triangle chart pattern, we want to see an increase of trading volume immediately before and during the anticipated breakout through the horizontal resistance level. Without this volume behavior, we will have a far lower rate of success from trading this pattern. We shall anticipate a breakout event to occur, as the support and resistance lines converge. It is important to understand that the breakout can occur before price reaches the apex of the triangle, as has happened in the provided example. + +The way that we trade an ascending triangle pattern is to enter a long position as price breaks out above the resistance level with a stop-loss set below the level of resistance (or more conservatively, below the line of support). + +[Ascending Triangle Chart Pattern](https://preview.redd.it/uks1bk9snko61.png?width=2030&format=png&auto=webp&s=6f151b160eded43d951fefdd4c4b04c84253b875) + +**Descending Triangle** + +A descending triangle is the inverse of the ascending triangle pattern. Descending triangles have a horizontal level of support with a descending line of resistance. The descending line of resistance squeezes price against the support level, generally resulting in a bearish continuation break-down move. This bearish break-down of price is confirmed by a sharp increase in trading volume as price breaks through the level of support. We enter a short position trade once this break-down is confirmed with a stop-loss back above the level of support (or more conservatively, above the line of resistance). + +[Descending Triangle Chart Pattern](https://preview.redd.it/her8qmzqnko61.png?width=2032&format=png&auto=webp&s=09ffff64a6ecaa7c76bab05c44fe50b5eed134f4) + +**Symmetrical Triangle** + +Symmetrical triangle patterns are a combination of both the ascending and descending triangles. They have a descending line of resistance and an ascending line of support. Symmetrical triangles are a neutral charting pattern with a fair chance of a breakout in either direction. As a general rule, the more common direction for the breakout to occur will be in the same direction as the general trend of the market. A quick tip for determining the current trend of the market is to examine the direction that the 200 period moving average (200SMA) is currently pointing. As is the case with all triangle patterns, we expect to see volume increase as price is squeezed into the apex of the triangle by the converging support and resistance lines, in anticipation of a breakout event. We trade a symmetrical triangle by going long or short, based on the direction of the resulting breakout. We place our stop-loss either below the resistance line (if we go long), or above the line of support (if we go short). + +[Symmetrical Triangle Chart Pattern](https://preview.redd.it/o60sxldpnko61.png?width=2026&format=png&auto=webp&s=ba6006e24fb160793dc13a45477db62cdb768239) + +**Bull Flag** + +Bull flags are found on charts that have had a very sharp upward move in price, followed by a lower volume consolidation (with a slight pullback). The shape of this pattern represents a flag on a pole. The “flagpole'' is formed by the sharp move higher in price and the “flag” is formed by the consolidation pattern (typically angled lower on the chart). Bull flags are a very bullish pattern (as the name suggests) and can offer excellent trading opportunities to go long. The volume traded plays a very significant role in this pattern. For it to be confirmed as a bull flag, we must see sharply increased volume for the “flagpole” part of the move, followed by significantly reduced volume during the consolidation. The way we trade a bull flag is by entering a long position as volume begins to pick up again and price breaks out of the consolidation range, anticipating a continuation move higher. Our stop-loss is generally placed below the lowest point of the consolidation pattern. Bull flags often will form in sequence, one after another, sometimes up to 4 (or more) times in a row, in markets that are trading on exceptionally high relative volume. It is important to note that each consecutive bull flag will have a lower probability of a successful resolution, and a higher chance of triggering your stop-loss. For this reason, I personally will only trade the first two bull flags to form in a sequence. + +[Bull Flag Chart Pattern](https://preview.redd.it/b9u75l2onko61.png?width=2038&format=png&auto=webp&s=590f6bdc8908a337376b20476548cd077a17a782) + +**Bear Flag** + +Bear flags are the inverse of bull flags - a sharp move lower is followed by a lighter volume consolidation rally. As the name suggests this is a bearish pattern, and when we see it we shall usually anticipate a continuation move lower. Just like a bull flag, we need to see significantly lower volume traded during the consolidation period of the pattern. We trade bear flags by entering a short position trade, when volume increases, and price breaks downward, past the bottom of the consolidation range. Our stop loss, when trading bear flags, shall be set above the highest point of the consolidation range, to ensure we do not get shaken out of our position unnecessarily. + +[Bear Flag Chart Pattern](https://preview.redd.it/rypnm9tmnko61.png?width=2032&format=png&auto=webp&s=d74376c0c45fff118472fa77d9f33d95c8a4642d) + +**Ascending/Descending Wedge** + +Just like triangle patterns, wedges come in both ascending and descending configurations. Unlike triangle patterns, however, wedge patterns have no horizontal support or resistance lines. The support and resistance lines of a wedge pattern tend to run almost parallel (slightly converging), aiming either higher or lower on the chart. Wedge patterns will more often result in reversals of price. This means that once the pattern finishes consolidating, an ascending wedge will tend to break-down lower, and a descending wedge will tend to breakout higher. Similar to all of the patterns previously discussed, we look to see a sharp increase of volume as price breaks out either higher or lower from the wedge. The high-volume breakout move will confirm the directional bias of our trade entry. Our stop loss is set to be triggered if price re-enters the wedge consolidation, or more conservatively, set on the opposite side of the wedge consolidation pattern altogether. + +[Ascending Wedge Chart Pattern](https://preview.redd.it/wliv40clnko61.png?width=2035&format=png&auto=webp&s=0bcdb51a78e57ab71eab930f7f3190d886bcbece) + +**Double Tops / Bottoms** + +Double tops and double bottoms are a sign that price was unable to break through a specific support or resistance level on two separate occasions and the result is usually a price move in the opposite direction. For this reason, double bottoms are a bullish chart pattern, and double tops are bearish. Double tops look like an "**M**" shape on the chart, whereas double bottoms look like a "**W**". When identifying double tops and double bottoms, we want to see an increase of trading volume as price comes into, and is rejected by the support or resistance level. It may be easier to identify this volume behavior, on a lower time-frame chart. Double tops and double bottoms are reversal patterns, and we trade them accordingly. We look to either go long, after a double bottom pattern has formed, or, to go short, after the resolution of a double top. Our stop loss will be set on the other side of the nearest support or resistance level, depending on the directional bias of our trade. + +[Double Bottom Chart Pattern](https://preview.redd.it/b0oubxyjnko61.png?width=2035&format=png&auto=webp&s=2bb03b504f7fe2d8aa570b133329ae24e9885179) + +**Head and Shoulders / Inverted Head and Shoulders** + +Head and shoulders patterns often signal the end of a bullish price trend. To identify a head and shoulders pattern formation, we look for a high (the first shoulder), followed by a higher high (the head), followed by a lower high (the second shoulder) - as seen in the example provided. A head and shoulders pattern is a bearish chart pattern and is more likely to result in price moving lower with bearish momentum. The opposite of this is called an inverted head and shoulders pattern, which is a bullish pattern. It is identified in the same way as a regular head and shoulders pattern but in reverse. We enter either short, or long, based on whether we are trading off a head and shoulders or an inverted head and shoulders pattern, after the resolution of the pattern has been confirmed. This confirmation is given when the second shoulder has been formed and price is beginning to move away from this level. We look to enter a position as price passes through the neckline with a stop loss on the other side of the shoulder. + +[Head & Shoulders Chart Pattern](https://preview.redd.it/qjg7r7oinko61.png?width=2038&format=png&auto=webp&s=a2af549f9e0a230efe0b20d51cef70d093de73c4) + +**Not all technical chart patterns take a whole series of candles to resolve. There are price action patterns that can play out in as little as a single candle.** + +As is the case with any charting pattern, price action candles should not be relied upon solely as signals to enter or exit a position. They should instead be combined with additional technical indicators and with support and resistance price levels, as part of a trading strategy. Here are a few examples of some of the most powerful price action candles to look out for: + +**Hammer Candle** + +A hammer candle can be identified by its short body and long lower wick. Whether red or green, a hammer candle is often a sign of bullish strength. A hammer candle tells us that although price did move lower during the course of the time period for which the candle represents, the lower prices were rejected and buyers pushed the price back up towards the higher prices that the candle opened at. Hammer candles are generally not a great trade entry signal on their own but can be very useful when combined with other technical indicators and variables for additional confirmation, such as areas of support and resistance, or a fast stochastic indicator. + +[Hammer Candle](https://preview.redd.it/xmj6wkqgnko61.png?width=2044&format=png&auto=webp&s=814dbe999108cf84a493530a1a836ef52ef48ae2) + +**Shooting Star Candle** + +Shooting star candles are the opposite of hammer candles. Whether green or red a shooting star is usually a bearish signal. Shooting star candles often signal the top of an uptrend, or the beginning of a pullback, in patterns such as the bull flag. Just like hammer candles, shooting stars can make for great short trade entries when they form immediately in front of a resistance level and when confirmed by other technical indicators. + +[Shooting Star Candle](https://preview.redd.it/xuxgup9fnko61.png?width=2035&format=png&auto=webp&s=9dfc594b67db88ef0d08ae2ebfabc69f22649afb) + +**Doji Candles** + +Doji candles are unique because the price that they open and close at is the same (or just about the same). There are many different types of doji candles that you will encounter whilst trading. The wicks of the doji candle signal to us what we might expect to happen next. If there is a long wick on the bottom of the doji and the open and close are toward the highs, we treat it like we do a hammer candle. If there is a long wick on top of the doji and the open and close are towards the bottom, we treat it like a shooting star. If the doji has roughly equal length wicks on the top and bottom, this is a sign of indecision and we must wait for further confirmation before making any trading decision. + +[Doji Candles](https://preview.redd.it/c7f8uxvdnko61.png?width=2029&format=png&auto=webp&s=eb867a0949d2507c70069e31ada0d2246f7b123f) + +**Bullish / Bearish Engulfing Pattern** + +A bullish engulfing pattern is identified as a green candle that completely engulfs the previous red candle. Bullish engulfing patterns are a strong bullish signal, they will look like hammer candles when viewed on a higher time-frame chart and are treated accordingly. Conversely, a bearish engulfing pattern is defined as a red candle that completely engulfs the previous green candle. As you can see in the provided example, the red candle has opened at the high of the green candle before it and closes significantly lower than the green candle opened. This is a strong bearish signal and is to be treated similarly to a shooting star candle. + +[Bearish Engulfing Candle](https://preview.redd.it/zaq9m04cnko61.png?width=2032&format=png&auto=webp&s=a372080c0208703fc2156e8ca1ad9d5ef7cfbb55) + +I want to reiterate the importance of not making any trading decision based on specific price action or candlestick patterns alone. We must consider other factors such as support, resistance, and other technical indicators, before deciding whether we are going to enter or exit a trade. When implemented correctly, all of these patterns can be extremely useful pieces of a trading strategy. We must not forget the importance that volume plays in all of these technical patterns and must understand that without volume increasing and decreasing in the right places, the pattern is not complete. When trading, we must only enter on the highest quality of setups, where all of the variables suggest that we have a greater chance of experiencing a winning trade. These setups are identified by confluence between technical indicators, charting patterns, and price action. + +***If you have any further questions regarding technical charting patterns, price action, or trading in general, feel free to leave a comment or direct message me, and I will respond in due course.*** +There are many people here who describe losing friends, becoming shut-ins, and not having any fun as they work towards FIRE because everyone else just wants to go out to expensive dinners or clubs all the time. I find this pretty strange. Maybe I have just had quite different life experiences than others. + +Grew up lower-middle class. Paid for my own schooling. I've been 'living cheap' for years before finding out about FIRE. During this time I've had a few different living situations. Maybe we can have a discussion about how to find good people and situations. + +In school: I joined an engineering fraternity. Living in the frat house was not terribly expensive, and I was surrounded by people who were always messing around building electronics projects or lighting things on fire. It was great. Lots to do all the time, not necessary to spend tons of money. + +First place out of school: Shared an apartment with a bunch of people just out of school. Low standards, but we were all friendly and did stuff together. + +Second place: Cheap condo (Bought for $32,000, $0 down. Lol. Gotta love Rockford, IL). Made friends with some of the other condo residents, and people from work. Place was cheap because it was close to downtown and in a more dangerous neighborhood, but I never had any issues and I could go downtown to markets and the river bike path and whatnot. During this time I was being sent overseas for work all the time so I was having my fun traveling. + +Third place: Bought a house. Got a roommate - an engineer about my age from the place I worked. We ended up setting up a little maker lab in the basement. Our computers down there, a 3D printer, electronics kits. It was great! People came over and we did stuff together! + +Moved to Seattle: Holy shit what a cost of living adjustment. Rented a room in a house for a while to figure out how I would manage to live here. Eventually set up my current situation. I live on a small boat now in a trendy Seattle neighborhood, and have two shipping containers in an adjacent industrial yard. (Boat cost $4000, slip rental $430/mo, containers cost $2500 each, yard space rental $150/mo). In the yard, there are all sorts of weirdos with their own containers set up as shops and hangout spaces. Hippies, artists, craftsmen, drunks. There is a working art foundry, wood shops, a glass studio, and a communal compound made of stacked shipping containers where we have shows and parties. + +For me, these were the kind of people I've been waiting to find. Always interesting, super community minded, friendly. Between the marina and the yard, we have cookouts together all the time. Some people bring meat, some bring veggies, some bring alcohol. Its good cheap fun! When we do go to a restaurant, we eat 'family style' at places that aren't family style. We'll buy two appetizers and two dinners for six people and share around. I dunno man, we're shameless I guess. Maybe other people would cringe at this, but whatever. We go to the same places often and know the servers and they like us. + +How did I get into this? I just decided "I want to live on a boat. What do I need to do to make this happen?" That led to me visiting different marinas, meeting people, finding out about Seattle industrial yard culture (lol), buying a boat, getting to know the marina manager well, getting liveaboard permission from the marina, getting space in the yard, buying a container, etc. + +What I would say to take from my experience so far is that there are so many different types of people out there who do not want to spend money at the bars, and you have to look for them. In my opinion, by chasing interests and OFFERING TO HELP. + +Seattle examples: I could have started with an area maker lab, then found Equinox Studios in Georgetown, talked to people there, helped someone out with art/industrial projects and shows like Dead Baby and Georgetown Art Attack/Equinox Open House.. Or starting with Fremont Arts Council and volunteering on a Solstice parade float, then getting involved with Moisture Festival, then making an exhibit for Science Night at Hale's.. Or volunteering at the Center for Wooden Boats, getting to know the full time volunteers, getting to know the volunteers on the other historic boats, hanging out with them watching the sunset over Lake Union from the deck of a 130 year old tugboat. I do all this stuff. None of this costs real money! When I was hanging out with the boat volunteers (who ranged in age from 20's-50's in case you are curious), we walked to a grocery store, bought some cheap food and alcohol, and made dinner together on the boat! That was our night out and it was plenty more fun than a loud expensive bar. + +I'm not a 'cool' guy or an awesome artist or anything. I (very) often feel that I'm not interesting enough to be part of the groups that I'm a part of. But I show up and contribute and am positive. And I have tons of cheap fun! Is this helpful? +I'm not trying to start a huge debate, I want to genuinely understand and I won't argue with the answers you give. + +Every other business is having their income affected in some way. But landlord are chugging along like nothings changed and still demand full rent from business and residential tenants. + +These businesses have just as much expenses as you, it's their investment and most of the time, main source of income. They are making it work with very little revenue to zero revenue coming in. Residents lose their jobs and have no other income either. Obviously, people's incomes are being affected but when it comes to landlords having to give up revenue, you guys come out talking about all your expenses and financing costs as if no other business is dealing with that. + +**What makes you deserving of special treatment? Do you feel superior to your tenants and small businesses?** +I'm studying Principles of Taxation. In the 'Neutrality' principle of taxation, it is mentioned that, in theory, companies will always be able to forward their taxes onto the consumers.However, in practice, price elasticity and market positioning matter. + +Does anyone have some actual numbers or a case that I can look at so I can attach real-life values to this concept? I find it interesting but I can't really imagine how one would go about calculating something like this. +It seems like accepted wisdom that inflation in the US is too low. But from my non-economist perspective I feel like I would be better off with deflation because my money would go further. Why is my thinking on this wrong? +I'm wondering mostly about what would happen to capital, if that fourteen percent were suddenly taken over by the government, and insurance companies no longer existed, and standard prices were imposed limiting for-profit hospitals income, or completely abolishing for profit hospitals? + +FWIW I'm not a Sander's socialist I'm just trying to understand this from a economic standpoint +American Universities online grad program for an M.A. in Economics seems way to easy to get into. Does anyone know how hard it is? On the website it says no GRE scores are required and only Calc 1 is required. It seems to good to be true. I am an accounting undergrad and really want to get my masters in econ. I got an A in principles of econ 1 and 2, I also took the Bloomberg market concepts courses and have a bmc certificate (for what its worth) and havent taken calc 1 yet but I am going to. I plan on graduating with a GPA above 3.5. Anyone have any info on this? Thanks. +Here in Australia, our agricultural sector is reliant on [Pacific Islander labour](https://www.abc.net.au/news/rural/2020-11-20/tongan-seasonal-workers-emerald-complete-on-farm-quarantine/12897008?utm_medium=content_shared&utm_source=abc_news_amp&utm_campaign=abc_news_amp&utm_content=twitter). However, it seems like Pacific Islands are either dependent on foreign aid to fund their state budgets or remittances from overseas workers, or a mixture of both. + +Is there a way for them to improve their economies to not be so reliant on exporting cheap labour or foreign generosity? Or is it impossible for them, with their meagre resources and populations, to create more sustainable and robust economies? +I am not an economist. FYI. + +I come to these subreddits to gain a little insight into how the world works. I am a passive redditor on the Economy subs, most of the time, and I take what I can get from them. + +That being said, I constantly find demeaning and pompous responses to basic questions all over the larger Econ subs. Personally I have learned the most from r/badeconomics, but the tone of that site is so demeaning and pompous it makes it hard for me to read as often as I would like. + +I don’t understand how a question of, “how do I get a better understanding of Economics?” results in “read the textbook”. + +I worked in a lab focusing on the treatment and efficacy of oncological treatments and never once answered a single question with, “go read the textbook you Plebe”. + +I apologize for rambling but basically my question is: how is the field of Economics working on getting its information out of the academic realm and into the real world instead of simply being drug out now and again by pundits and politicians? + +What has the field done to combat the misinformation it complains about so much and what has it done to take matters into its own hands? + +Scientific literacy is a major preoccupation for a lot of scientists. Is it the same for economists? + +* I hope this is the right sub to post this in and I am not accusing anyone directly of doing this. It happens though and it happens often enough that everyone should have an idea of what I am talking about. Thanks for the answers! + +* Also, I am on mobile and don’t feel like making all the necessary grammatical corrections. Sorry in advance. +Before South Korea became an industrial powerhouse, most economists advised them to focus on their comparative advantage of agriculture and textile manufacturing. However, the government ignored these recommendations and devised an industrial policy focused on heavy industry and technology. We see the results today. + +On the other hand, Egypt under Sadat stopped producing wheat and focused on the country's comparative advantage: strawberries. They used the income from the export of strawberries to import wheat. However, this made the country vulnerable to geopolitical shocks since they are not food sovereign. They import the majority of their wheat from Ukraine and Russia, both of whom are...busy at the moment. + +Therefore, can a country change its comparative advantage and still achieve rapid economic growth? +It seems many economists favor a land value tax over a property tax, and even in some cases as a replacement for all taxes. The advantages of such a tax are obvious, however I have noticed a glaring issue. Yes, housing prices would drop substantially under a significant LTV, which is good for many young couples, or really anyone else looking for a home. However, what is to be done about people who own their livelihood to the price of their house? Many families are reliant of savings on the value of their house, the value of a relatives house, etc. as a piggy bank in case they run into a financial problem. But for these people the savings they once held would, for the most part, vanish under an LTV. + +How do supporters of the Land Value Tax get around the conundrum? +I'm an Econ major in Canada, and I love it, but I don't actually know what economists (who aren't professors) do in the workforce. At a high level, I understand much of it surrounds forecasting, but at a medium and low level I don't know what is done. Would you be collecting data? Playing on excel all day? Any help would be appreciated +I have 126 shares of Jepi getting me ~60$ a month. + +I could: +1. Get another share of Jepi every month, snowballing this. (The idea of getting a share a month sounds tempting.) +2. Take the div and put it into something else. I’m thinking a Vanguard etf (Voo/vti) or some utility stocks/etfs. +3. Just take the divs out of the market for some spending cash.(This is my least favorable of the options.) + +More context, I’m in my 20’s and don’t plan on retiring for another 30-40 years. +I’ve been on this sub for a decent amount of time and appreciate the conversations and advice I’ve seen on here. So, any discussions or advice is appreciated. + +Thank you all! +I'm planning to just stop trading and reduce my stress by just investing in stable stocks providing dividend. I'm fine with quarterly pays but I think monthlies would be nice since I can use those to immediately re-invest/more opportunity. + +I've looked around and picked up: +O, STAG, MAIN, AGNC, PFLT, VXUS, VTI, AND VOO + +I'm looking to diversify and was wondering if there are any other that are worth adding to my portfolio +Hey, throwaway, but I hit my fat fire today. $2.5M. Pretty excited about this. It includes all retirement accounts, investment accounts along with receivables for my business minus all my debts. I did not include personal possessions. + +As to what we are going to change....well nothing. My best case scenario model had us hitting this number next fall. Plus I just started a business and it is going well, and my wife's just got a huge raise. We are heading to New Orleans for mardi gras and Vietnam for a month. Life is going great, we see no reason to stop working right this minute. We also are in process of remodeling our house to create an income generating property. + +So I think our plan will be to stop in July 2019, which has been our plan for the last 8 years. + +eta: 44M, married no children. Started on this journey in 2009, got really serious in 2011. + +2nd eta: I am really impressed that my projections from 2011 held up, and were so close to what actually transpired. +I hit a major FI milestone today - $1 million net worth ($1,010,261) - and wanted to share as encouragement for those like myself who constantly look at their projections, often daunted, wondering when they’ll hit certain points along the way. + +I used to graph out projected FI milestones on a near daily basis at work. I would feel overwhelmed by how far out those dates seemed. Rest assured, that time passes faster than you expect! + +Some background: I grew up in a family that struggled financially, living paycheck to paycheck. I began teaching and performing music for income at a young age (14) and would contribute to household expenses. My father was unemployed the vast majority of the time and I decided early on I didn’t want to have those same struggles over buying groceries later in life. + +I went to a fairly prestigious university - 95% covered through scholarship and work study. Thankfully didn’t graduate with much debt. I graduated college in 2009, at the bottom of the recession, which helped further instill a frugal lifestyle. + +After reading books like Walden I realized I need very little to feel fulfilled and happy. I would view it as a game, taking backpacking trips through foreign countries, not spending a dime of my own $ and playing street music to pay for hostels and meals. In 2012, despite having a decent job with $63k salary, and ~$90k saved up, I decided to sublet my apartment for 4 months and squatted in an abandoned building next to where I worked (extreme, I know). Notably I had a great time doing this and it wasn’t quite as destitute as it sounds. + +While on a high bike ride in a forest preserve one day (took a half day from work) I decided I wanted to have the option to bike, read, or travel whenever I wanted without the burden of day jobs. This is when I began aggressively formulating investment strategy and churning through the classic FI books and forums to reach that end-goal. MMM, MadFIentist, and Jlcollinsnh have been invaluable tools. It was so reassuring to hear about entire communities built around the FI concept. + +In 2013 I purchased a multi-unit apartment building that cash-flowed enough to cover all of my living expenses - with me living in the cheapest, basement unit. From that point on, 100% of every dollar I made could be invested. The Intelligent Investor and Four Pillars of Investing have been integral in shaping my portfolio over the years. + +From there it’s just been a slow build to today. I’m mostly an index investor and my paychecks go straight to my Vanguard account. It feels great having F-you money, as Jim Collins says. I quit a soul-sucking job this past year and took 8 months to myself as a trial FIRE. It was amazing. I expect to pull the trigger and officially FIRE sometime within the next two years. + +If it were just me I’d have FIREd years ago. Now my primary concern is covering my mother’s retirement in its entirety. If anyone has much experience in this area I’d love to hear it! + +TL;DR Surpassed $1 million net worth through extreme frugal living, a multi-family RE purchase to cover my living costs, and subsequent index investing. + +[https://www.news.com.au/finance/real-estate/buying/the-huge-salary-you-need-to-earn-to-buy-a-home-in-australia/news-story/3a32ea0977dc5eebd561bc0ca7edf057](https://www.news.com.au/finance/real-estate/buying/the-huge-salary-you-need-to-earn-to-buy-a-home-in-australia/news-story/3a32ea0977dc5eebd561bc0ca7edf057) +We all know that finally getting a foot on the property ladder is an important milestone, and struggling to reach that point can sometimes be a source of huge frustration for those of us who haven't got there yet. Buying your first home is almost always cause for celebration, but how many of you had regrets after your first purchase? + + +Edit: Also keen to hear where you bought. I get the sense that someone who dropped more than half a million on a studio apartment in Sydney would have a few more regrets than someone who spent the same amount somewhere more regional. +Hi everyone! My girlfriend and I were traveling in Costa Rica and had stopped at a fruit stand to get some mangoes or something. The currency is the Costa Rican Colón, and 1 Colón is equivalent to 0.0016 United States Dollar (or 1 dollar is equal to 624.42 Colones). We were told we were paying 2000 Colones for the fruit (3-4 dollars), but instead, the store charged our mastercard 2000 USD. + +After filing a claim with Mastercard, they said that they contacted the Costa Rican police, but since we didn't keep a receipt of the incident, they can't pursue the store and we lost the claim. We also contacted the store on Facebook and Whatsapp - they read the messages but didn't reply. I'm wondering if anyone has some ideas on how to fight this? +My German boomer dad really does not know shit about stonks. + +Last year after I told him a bit of GS and all the fuckery, he decided to invest 1 grand into GME. + +Since then we didnt talk a lot about it but I told him I sent my shares to CS, the agent of the company to have them registered in my name. I also told him that this will prevent anyone from lending my shares and do fuckery with them. + +Yesterday he visited and out of nothing he told me that he thought about it and concluded that the only way to moon is direct registering. + +He then asked me to send his shares to CS. + +I was shocked. Without even telling him a lot, he concluded what many apes did before. + +My dad is a true ape. +Hey y’all, throw-away account here. + +Would love to get some thoughts/considerations about whether we should leave California for Washington (Seattle-area, but open to other parts or even states). + +The primary motivation for us is to lower our cost of living for housing and state income tax. Moving to WA would save us \~$100k/year in just state income tax (details below). + +What are some questions we should be asking to determine if the move is right for us? Any pros/cons we haven’t thought about? + +* BACKGROUND: Almost mid-30s, married, expecting first child this year. One of us is a CA native, but has lived in upstate NY (aka can handle seasons). The other went to college in Seattle, but didn’t love the constant gray/rain. We have family in LA and Spokane, so we’d be moving closer to one side of the family, but losing family <1 hr drive away. +* COMBINED INCOME: \~$500k + \~$3.5m total stock options vesting over the next 2yrs. Current plan is to sell as it vests. +* LIVING: Renting in LA, been looking to buy this past year. Fairly discouraged by the process so far but we have our eye on a $1.7m house in a suburb that would be a 2 hr round trip commute when offices are open again. +* WORK: Since COVID, we’ve been working remotely full time. Both companies have allowed other employees to move out of state. However, one’s job prospects is more limited due to state license requirement if the job was lost. +* DEBT: None, but anticipating mortgage and need to get a second car (interest rates for a loan are so low). +* ASSETS: \~$2.5m in stock / retirement + the aforementioned stock options. +* WHY MOVE: We’re aiming for FIRE in five years or less and we’ll be on track if stock market does right by us. A move to WA would save us around $100k/year in income tax. A house would be 2/3 the CA cost. Seattle isn’t “cheap” but it’s “cheaper.” CA is the golden state, but problems we won’t miss are wildfires, air pollution, traffic, high housing costs, taxes, bad public schools. + +We’re thinking of flying up and renting a place to stay in Seattle for a few weeks before we make any decisions and get too pregnant - this does mean we give up the option to bid on the house. We figure we can always move for a few years, save on the taxes, and move back to CA if need be. But we’d be mostly friend-less, family-less, and need to re-build a professional and personal networks with a newborn in tow. We are also aware of potential lost career-prospects due to lack of facetime once offices are back open – however, because we may retire (or pause for a few years before embarking on fatFIRE) when hitting FIRE, we’re okay with that. + +Thanks in advance. +I’m wondering if anyone has bought a Hastens mattress and can give they’re review on it. I’m looking to buy a new mattress and I am tired of doing this every 5 years or so. I know Hastens can exceed $100k but I want to know if it’s that special and how long it might last. I’m also open to any other brands that are higher end that I can see in person and not some fly-by-night internet mattress brand. Online mattress review sites are notoriously fake and paid for by mattress companies so very hard to judge what’s real. I’m looking for anything $5k+, in the US +**Seems like every other day there is some regulatory news. China stocks are currently value traps with no end in sight. There are reports peppered in between of Chinese authorities assuring investors to not worry, but the regulatory pressure on China equities is alive and scary** + +Tencent Holdings Down 8.2% +NetEase Skids 11% +Alibaba Down 6% +Others like BILI, BIDU, JD, etc down big + +Sources said the decision to freeze new video game approvals was revealed at a meeting between Chinese authorities and industry giants Tencent and NetEase +It is unclear how long this suspension of new game approvals will last, the sources said + +The Chinese government has temporarily suspended approval for all new online games in the country, dealing a fresh blow to the video gaming businesses of industry giants Tencent Holdings and NetEase, as Beijing steps up measures to tackle gaming addiction among young people, according to people with knowledge of the matter. +That decision was revealed during a meeting on Wednesday called by Chinese authorities, led by the publicity department of the Chinese Communist Party and gaming watchdog the National Press and Publication Administration (NPPA), to discuss with representatives from Tencent and NetEase how they will implement Beijing’s new restrictions on video gaming for minors, according to a person briefed on the matter, but declined to be named because the information is private. +The authorities’ move means “everything is on hold”, the person said. + +https://www.scmp.com/tech/big-tech/article/3148128/china-said-suspend-approval-new-online-games-heating-beijings +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. +One thing I often hear people say about the stock market is that "all available information about a company has already been priced in". By this I suppose people mean that, on average, the market behaves "ideally", in the sense that all pieces of available information about how a company is doing have already been taken into account, so that the current price reflects the "real" (expected) value of the company at the given time. + +However, it also seems very common to believe that, in the long term, the market is expected to grow, so that investing in things that e.g. reflect indices such as the S&P500 will usually turn a profit in the long term. + +I don't quite understand how these two things are compatible with each other. If the share price of company X has been ideally valued by the market, doesn't that mean that, on average, one should expect such price to remain steady? + +Of course, new information might become available in the future and affect said "ideal stock price", but shouldn't such surprises again average out to zero? Meaning that there shouldn't be a reason to expect more negative surprises that positive ones, or vice versa. If there was, such information should have already been taken into account into the share price. + +As an example, say the market behaves ideally and thinks that company X will have "net value" 100 tomorrow. That means that the current valuation should also be 100 today, correct? If not, that would mean that the stock is currently undervalued, and thus not "ideally valued" by the market. Similarly, if a company is expected to have value 1000 next month, that should also be reflected into the current price. I suppose such price should then be something that starts at 1000 and is decreased in a manner that takes into account that "money now is worth more than money tomorrow", or something to that effect. + +This would lead me to believe that the only way for the "*ideal market*" and "*indices grow on average*" hypotheses to both hold true, is via the different valuation that different people might assign to an expected return at different points in the future. In other words, I should expect an average return from an ideal market only under the assumption that the market values a return after a time t less than I do. Is this the case? Or am I (as I probably am) completely off-point? +Last weeks, GameStop suddenly seems to offer so much more stuff, and they seem to add another category each week. Some examples: + +* Board games +* Candy +* Action figures +* Sport collectables +* Vinyl records +* "Lifestyle" stuff (mugs, lamps etc.) +* Extended accessory offering +* Extended offering PC hardware +* Extended T-shirt offering +* Etc. + +I think this is a very very smart way to leverage their global brand recognition and loyal following they got in the last couple of months. Imagine all apes buying their shit at GameStop instead of other companies, what a potential that could be for the company! + +# To all apes, really take a look at their website [it is amazing: https://www.gamestop.com/](https://www.gamestop.com/) + +# I am certain GameStop will shatter next earnings 🚀 🚀 + +&#x200B; + +Edit: added vinyl records +A few days ago I helped Bingus relaunch after a wonderfully disastrous 1.0. Read [part 2](https://www.reddit.com/r/CryptoMoonShots/comments/miuyfc/bingus_2_community_redemption_boogaloo/) (a new hope) of the saga here, and the prequel [here](https://www.reddit.com/r/CryptoMoonShots/comments/mhak3i/bingus_token_a_new_kitty_has_arrived_i_thought/). + +TDLR: Bingus is another cat meme token, however with a charity wallet that is already being put to good use. The strong community has only gotten stronger. We cracked 100k Market Cap and are holding a new price floor well above that. If you missed Grumpy or wished for another shot after its crash (like me) then Bingus is for you. + +Last night Bingus Dev and I had the first AMA with the community. During the AMA we made our first Bingus donation, $350 in ETH to the [Wright-Way Rescue.](https://wright-wayrescue.org/) (PROOF: [https://imgur.com/GjMOBt5](https://imgur.com/GjMOBt5)) We also discussed ideas for a new logo, new website, and further plans for the project including NFT art pieces of adoptable animals. The AMA is also available here to listen with only light editing for time. + +One of the devs/admins (me) has doxxed himself to the core community, relying on the trust of this community. With locked liquidity and a committed team and community, Bingus is here to stay. More formal roles and organizational structures are being created, all of which will be in the full view of the community. Today we have announced a new community member in the role of Project Manager. They have doxxed themselves to the team and with their extensive background in project management at a high level in mainstream media organizations, we are really setup for success. We would like to avoid the past mistakes of other similar coins. + +If you missed the initial rise of Bingus, I can say without a doubt that you have not missed out on much. We currently have around a $170,000 MCAP and in the coming days I can see us passing 1 Million without a doubt. The community is truly that strong. A WhiteBIT representative has already reached out to the Admins in the Chat. + +Coingecko and Coin Market Cap have already been applied for. + +&#x200B; + +Additional Details + +1% Burn, 1% Reflect, 1% to a Charity wallet. + +Total coins: 1 trillion + +Liquidity: locked + +Max transaction: 10 billion + +&#x200B; + +⭐️ 230 holders within the first 24 hours⭐️ + +⭐️ First $350 donation completed after just 3 days! ⭐️ + +🥞PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Website : [https://bingus.finance](https://bingus.finance) + +Twitter : [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +Telegram: [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +Discord: [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +Chart: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +BSC Scan: [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +&#x200B; + +The Dev also INSISTS we put this following into any posts about Bingus. They are all about keeping a clean conscience, luckily I agree with them. That's why I am holding this for the foreseeable future: + +“I would not promote anything I would not put my own money into! But, please always DYOR! I am a stranger on the internet, however, I wish to build credibility with the community. I am willing to doxx myself soon if that’s something the community is interested in. I would love to build a community to help donate to animal shelters because that is what is truly important to me. REMEMBER - Don’t buy crypto with the money you need for something else. Pay your medical bills, your rent, maybe buy a friend a coffee, whatever, before you buy crypto.” +I recently moved and changed jobs, I made less money this year than I have since I was like 16, in high school. I'm 29 now. I signed up and got approved for medicaid last year when my job ended and I had no income and was experiencing health problems. I finally got approved. + +In my last job, I had health insurance that I paid ~150 a month for. I was paying that money, every single month, but I still couldn't even afford to go to the doctor. I went for my "women's well visit" once, which was free once every three years. I've been having issues with my knee, after having torn my other acl years ago, and I went to get that looked at. They did and xray and told me nothing was wrong, despite me saying that I've been experiencing pain for upwards of 5 years. That was a $600 bill. For an xray and to be shunned. + +Anyway now I'm finally poor enough that I can't barely pay my bills *and* eat. But I fell a few weeks back and my knee POPPED super loud and felt like a bag of jelly. I went to the walk in, got ordered for an xray, and just went for an MRI, which will hopefully lead to surgery (if I get reapproved this year), all for basically free. + +Why the fuck did I have to get to a point where Im making 16k a year in order to have this? Why couldn't the nearly 2000 I was paying for insurance cover any of this sort of thing? Why can't someone making 35k, which literally barely covers rent, bills, and food in my HCOL state, have this???!?! + +I just don't get it. I am so grateful that I am poor enough now to hopefully have my surgery, but I fucking hurt for myself in the past just being rejected and unable to pay, and for other who just don't even have the option of even THINKING about going to the doctor for any reason. It is so fucked up. +My portfolio is a split between stocks, bonds, gold, and some crypto. + +Over the last week, everything is down a fair amount since the Fed announcement about raising rates to fight inflation. + +Stocks, gold, and crypto have all been touted as inflation-hedges, while cash has no possible upside versus inflation, yet cash is out-performing all of them lately. + +The only thing I can figure is the market thinks the Fed will be able to tame inflation soon, so cash will benefit at the expense of everything else. Or is it just when there's enough fear in the market, people just sell everything and ask questions later? + +I think it shows that predicting what the markets will do is a fool's game. Inflation is the financial boogeyman right now, but cash is the best-performing asset at the same time ¯\\\_(ツ)\_/¯ +Guten Morgen to this global band of Apes! 👋🦍 + +We have begun another Summer, and I smell MOASS in the air. +It has been *far* too long since the wild price action, but for some reason it feels like the next is just around the corner. +With the imminent launch of the NFT marketplace, the continued high borrow rates, nearing 100 days at 100% utilization, and RC tweeting several times a day... this feels like the time. +Of course, I tend to maintain an optimistic outlook. Call me inspired by my love for HODLing GME. + +Despite incredibly bearish sentiment about the world economy, the markets were generally up yesterday. +Something makes me suspicious that we're likely to see another series of down days and up days. +Whatever the market action, DRSing shares continues to be the key action that Apes can take to ratchet up the pressure on the SHFs. +They cannot withstand the power of our Diamantenhände. + +Today is Wednesday, June 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$137.86 / 130,68 €** *(volume: 1635)* +- 🟩 115 minutes in: $137.60 / 130,43 € *(volume: 1633)* +- 🟩 110 minutes in: $137.55 / 130,38 € *(volume: 1632)* +- 🟥 105 minutes in: $136.89 / 129,75 € *(volume: 1589)* +- 🟩 100 minutes in: $137.42 / 130,25 € *(volume: 1467)* +- 🟩 95 minutes in: $137.41 / 130,25 € *(volume: 1467)* +- 🟩 90 minutes in: $136.96 / 129,82 € *(volume: 1464)* +- 🟥 85 minutes in: $136.89 / 129,75 € *(volume: 1434)* +- 🟥 80 minutes in: $138.02 / 130,82 € *(volume: 1434)* +- 🟩 75 minutes in: $138.09 / 130,89 € *(volume: 1434)* +- 🟩 70 minutes in: $137.36 / 130,19 € *(volume: 816)* +- 🟥 65 minutes in: $137.22 / 130,07 € *(volume: 806)* +- 🟥 60 minutes in: $137.32 / 130,16 € *(volume: 798)* +- 🟥 55 minutes in: $137.44 / 130,27 € *(volume: 798)* +- 🟩 50 minutes in: $137.46 / 130,30 € *(volume: 676)* +- 🟩 45 minutes in: $137.27 / 130,12 € *(volume: 667)* +- 🟩 40 minutes in: $137.18 / 130,03 € *(volume: 667)* +- 🟩 35 minutes in: $137.08 / 129,93 € *(volume: 666)* +- 🟥 30 minutes in: $137.05 / 129,91 € *(volume: 656)* +- 🟥 25 minutes in: $137.78 / 130,60 € *(volume: 633)* +- 🟥 20 minutes in: $137.80 / 130,62 € *(volume: 633)* +- 🟥 15 minutes in: $137.89 / 130,71 € *(volume: 633)* +- 🟥 10 minutes in: $137.94 / 130,75 € *(volume: 633)* +- 🟥 5 minutes in: $138.07 / 130,87 € *(volume: 604)* +- 🟥 0 minutes in: $139.50 / 132,23 € *(volume: 323)* +- 🟩 US close price: $140.28 / 132,97 € *($139.50 / 132,23 € 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 1.055. 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 using Seeking Alpha for close to five years. While it's not something that I ultimately rely upon to make my investing decisions I enjoy the user generated content that can come from outsiders with a unique perspective to investing. Through my work I have access to a large amount of equity research reports so it was nice to spice up my research with this content. + +Over the last couple of months I've noticed that more and more articles are paywalled and all older articles are paywalled as well. The cost to get around this paywall is $300 a month. I am sorry but in my opinion the quality of articles on this site are not worth this much. I am fine with them charging for this service but a subscription in the $5 range would be much more reasonable. + +I guess I am just curious with any older readers of this site on here that have abandoned it. Now that I type out my frustrations maybe it's just time to move on in general. +My main questions are about what to do with an undergrad Sallie Mae loan that's up to $52,000 with almost %10 interest. Ive got close to $420,000 in direct loans I plan on going the PSLF route (will be working/doing residency in rural primary care starting this summer). There's no way to turn sallie mae student loans into direct loans right? Should I refinance them with another company to get a lower interest rate? I think ill have to defer at least while I'm in residency because my salary will be like $55k.. +I have a few tenants not paying and refusing to leave. I was wondering if anyone has applied for the Temporary Forbearance to their mortgage? I can barely make payments on my mortgage without the tenants paying and I can't evict them at the moment so they really screwed us investors on this. Was anyone able to manage pushing off their mortgage payments with the mortgage company? if so how did you do it? + +Edit: I finally got ahold of my mortgage companies. On my primary residence i was able to get a 6 month forbearance and on my rentals i was able to get a 3 month forbearance. I asked how will this amount i miss be paid back and they said it is expected at the end of the forbearance (as in a lump sum!). Really makes no sense. They said if your unable to pay it they go to loan modification which can either add that amount into your loan and re-do the loan (like a re-fi im guessing) or it can be added to the back end of the cycle (which is what most of us want). But what happens in the end is they'll do an analysis to determine which option. I think they don't really know what's going on because the govt is taking this one day at a time and issuing new regulations everyday. I decided to take the forbearance options just to be safe about it. ill collect what rents i can and put it to the side to plan back paying the lump sum if i can't get the backend modification option. hopefully the govt will say lenders have to freeze or backend payments but who knows right now +I grew up in the ghetto area of my city. My mom was a drug addict, dealer, on Section 8, and food stamps. I had like eight different outfits and only ate breakfast when I made it to school early enough. + +In the years since then I have become what most would consider upper middle class. I have a house that's more than I need, considerable retirement funds, I never go hungry, and I don't stress on the majority of my day to day finances. + +None of this was acquired by my persistence, intelligence, or work ethic. It was all dumb luck. + +Not to say I didn't work hard. Oh boy did I. When I was a young adult I worked several jobs, did day labor on the weekends, and did side work in the rest of my free time. All of that and I was still constantly broke. I took out ridiculous loans to get two associates, a bachelor's, and a Masters. A degree i still don't use. I took free classes amd learned new skills. I "pulled myself up by my bootstraps" and I still had to stretch a $5 pizza out for 3 days. + +But my change in social status was literally all luck. None of the "hard work" I did really mattered. + I got a decent "foot in the door" job because their first choice backed out. I got promoted because key people retired or quit and I was the only one there qualified. I met my partner that had a middle class lifestyle. I bought my first house dirt cheap and sold at the right time. Etc. Etc. + +So don't let other people ever beat you down for not doing as well as they are. Most people want to take credit for their lot in life when a lot of times it has nothing to do with them. Your zip code, parents, and dumb luck matter a whole hell of a lot more than hard work and persistence. + +Yes, all the other stuff can help you here and there, but none of it will matter without a bit of timing and luck on your side. + +I wish you all good luck. +I'm sure you've noticed that SNAP shares got absolutely massacred today, losing a whopping 25% in just one day. It is my opinion that SNAP is and has been vastly overvalued for a long time. Before today, Snapchat was valued at $120B. That's right, the useless little time waster app used by underaged teens to send each other nude photos was valued at 120 BILLION dollars. + +Here's my bear case for SNAP: First off, as mentioned, it's just an app. Snapchat is not a corporation or institution, it's a free mobile app that you download on your phone which hasn't been in mainstream popularity since 2015. Apps like these usually have a lifespan of a few years and then fade out into obscurity. YikYak, Line, Vine, and soon TikTok all fall into this category. + +The thing about Snapchat is that they don't provide a valuable service to anyone. There is no moat outside of their filters and most of Snapchats competitors can do this fairly well. At the end of the day, Snapchat is parading as a "social media" but they offer little to no interaction between users outside of a couple of stale conversations. My main point being that Snapchat is pretending to be something it's not, and therefore is highly overvalued. + +Lastly, I think the pandemic is the only thing keeping Snapchat alive. People stayed home, kids were bored, and everyone was just on their phones more in general. This is coming to an end, and before the pandemic Snapchat was already losing popularity. In a few years I think it will go the way of other dead apps. The fact that a singular app went public like this is mind boggling to me. + +At it's current market cap of about $80B, I think SNAP has room to lose another 75%. That's no exaggeration, $20B seems like a fair value to me, and I wouldn't be surprised if 5-10 years from now Snapchat joins the ranks MySpace as a forgotten relic of earlier internet years. + +Well, now that you've heard my case, I need your help to determine the best way to play this with options. The stock is sitting well below its 200MA, so I think there is room to bounce back. The two main things I would like to know are: a. what to look for as an entry point and b. choosing a strike and date. + +I'm looking for long term here, because I know these things take time. I believe SNAP will have several more bad quarters as users lose interest and ad revenue drops. I would like to see the stock go below $20 in the next couple of years. However I know that OTM LEAPS don't always make sense. Any advice on this would be welcome and I'd also like to hear your opinion and see if anyone else thinks SNAP is dead +#Introduction: + +Outperforming the market is relatively easy: + +Just buy a random cheap shitcoin, see it grow +500 % and you have outperformed the market within two weeks. Congrats! + +This may work for traders but for the long-term investors among us (including myself), this isn't an option. + +We want a selection of multiple coins with strong fundamentals that we can **safely tuck away for months, sometimes years even.** + +In this regard, + +I wrote my yearly "[Investment advice from /u/Nooku (end of 2017 edition)](https://www.reddit.com/r/ethtrader/comments/7gig38/investment_advice_from_unooku_end_of_2017_edition/)" of which I'll now do a first mid-term review on how we've been doing. + +Let's get right into it. + +#Mid-term Results + +The picks were selected on the 30th of November 2017. + +Global coin market cap was at $304 billion. Right now, it's $702 billion. That is **+131 %**. + +Ideally, we want our portfolio to perform better than +131 % making us outperforming the market with solid long term investments. + +#How did we do? + +**BAT ($0.15)** ==> $0.76 : **+407 %** + +**GNT ($0.26)** ==> $0.89 : **+242 %** + +**DATA ($0.11)** ==> $0.27 : **+145 %** + +**ETH ($445.85)** ==> $1235.86 : **+177 %** + +**RLC ($0.50)** ==> $4.93 : **+886 %** + + +**OMG ($8.16)** ==> $22.14 : **+171 %** + +**ANT ($1.80)** ==> $6.18 : **+243 %** + +#Total + +Our portfolio of coins went up by an average of **+325 %** + +#Conclusion + + + +I can happily conclude that **every single pick** has outperformed the market, + +and our **total average performance currently clocks** at **+325 %** which means we've **outperformed** the current bull market with a factor of **2.50** + +To everyone who upvoted my initial topic and took the advice seriously, thank you for your trust and congrats on your performance. + +#Future + +As I indicated in the introduction, + +we aren't trading and this is a long-term investment portfolio, so there is no need to take any profits off the table after only 1.5 months in. Of course, profit taking never hurts if you would feel inclined to. + +If you are interested in rebelancing your portfolio, I would suggest to top up some more on DATA (StreamR) since it's the youngest project of them all (hence the "worst" performer), while I consider it to be an important fundamental corner stone of the Ethereum network, bringing realtime data streaming to the Ethereum protocol. Something we will definetely need! + + +I picked up several calls: + +SMSI 7 - March + +ARKK 125 - Jan 2022 + +LLNW 3.5 - June + +SNDL 2 - April (Actually picked this up yesterday) + +AAPL 150 - Jan 2022 + +ICLN 25 - Jan 2022 + +NOK 4 - June + +&#x200B; + +Felt like a kid in a candy store. Left some cash in the bank incase the downward trend continues. + +&#x200B; + +What kind of moves did you make today? +I scraped together my last remaining disposable income for a buy on Friday. It's going to be the last buy I can do for weeks, if not months. I'm only high XX, but I will HODL for the X and .X. + +I wanted to get in before the weekend. RICO is calling. Marge is calling. Marge is calling RICO. RICO is calling Sneks. Sneks are calling Pirates. TA Apes are calling for a run-up. Cycles Apes are cycling. Mayo Force One is looking for midair refills for a non-stop flight to a non-extradition country. + +I am pumped for Tuesday Morning, 7:41. +I know that getting into the property development game would probably be pretty expensive. Major developments almost always have multiple investors or big banks financing the building. On the other hand, single family houses limit how much you can actually make if you stick to only one or two, any more than that and it can really become an ordeal. + +After watching [this video on real estate](https://redd.it/7dbb6q) I started thinking about it and figured - wouldn't a small apartment building be perfect as a REI? + +Something like 8-12 units. It probably could be financed by even a local bank and if you lived nearby/in a unit, you could take care of most maintenance issues if you're good with your hands. + +Has anyone else went this route? +Just curious on what stocks people are buying right now in the Market? With the S&P 500 hitting new highs everyday and crossing the 46 PE mark when its usually on average 15-20 it seems like the market is getting really pricey right now. Right now I am currently buying INTC and LMT because they seem to be the only stocks I have that are trading at low valuations. Was curious on the stocks you are buying and why? +I've considering just going all vym instead of a little vym with other holdings. About half of my individual holdings are also in vym. All of this is in Roth IRAs + +Here's what I have in approximate %, the rest is in small cap value and internationals which I don't want to change. +VYM =10 +SPHD = 10 +MAIN = 10 +O = 10 +NEWT= 5 +MA = 1 +V = 1 +AVGO = 1 + +I like ma, v, avgo and also considering jnj and mmm to be more diversified, but is VYM enough? +Stock is down over 6%, can someone explain? Everyone likes to talk about market acting irrational with TSLA all the time, but I have seen quite a bit of irrational reaction this earnings season, what gives? +Ok so, I’m planning to stake stablecoins on [Kraken](https://www.kraken.com/features/staking-coins), [Aqru](https://aqru.io/) and [Zunami ](https://www.zunami.io/)but I’ve been seeing a lot of FUD about USDC failing sooner or later. But, Circle CEO Jeremy Allaire responded to the USDC's concerns by providing links to multiple reports that explain how the company addresses the issues raised. According to one blog post about USDC's stability, transparency, and trust, the stablecoin is still backed by the USD and its equivalent value assets. They include cash and government obligations with short maturities (U.S. treasuries). +According to Circle's report, its total reserves are $55.7 billion, divided into two parts: $42.122 billion in Treasury bonds and $13.5 billion in cash invested in US-regulated financial institutions because ever since Terra’s downfall people have requested other stables to be more transparent and of course put stables on the edge. So, Isn’t this enough proof that USDC is proving itself that what happened to Terra won’t happen to them? +I have a lot more to say about USDC, but that will have to wait for another post. Tether, on the other hand, has received a lot of attention as a result of its de-peg following the Terra crash. The demise of the TerraUSD (UST) stablecoin has heightened interest in other tokens. Tether maintains a 43 percent market share as the leading stablecoin. Its supply has fallen by 19% since its all-time high of 83 billion USDT in early May. According to the firm's transparency report, there are currently 67 billion USDT in circulation. Tether has been embroiled in legal and financial wrangling for much of its brief existence. +There have been lawsuits over alleged market manipulation, charges by the New York State attorney general that Tether lied about its reserves, costing the firm $18.5 million in fines in 2021, and this year, questions raised by US Treasury Secretary Janet Yellen about USDT's ability to maintain its peg to the US dollar. So that’s why many people are saying that USDC is better than USDT despite USDT being more popular or well known. I also have a feeling that these recent events are why stablecoin staking is frowned upon. +if Circle or Coinbase fails, it is impossible to be certain that USDC will keep its value. +A lot of people claim Coinbase is in trouble amid rumors of a crisis. Coinbase’s Developer even cleared that they don’t have a liquidity crisis and the Co-founder said that it was just adjusting. Well because a lot of people are scared. Recent FUD is understandable. Who would want their money to go all down the drain? A lot of people even though that USDC was de-listed and won’t be available on Coinbase anymore. + +Lastly, Do you agree that if USDT fails, every other stablecoin will fail as well? Do you think Stablecoins will fail? + + +I don't think they'll go down anytime soon, but we'll see in 5 to 6 years. I just want to know your opinion and thoughts about this. +Anyway, we have all heard stories about zeroes becoming heroes in this cryptoworld. Average Joes suddenly find themselves sitting on a pile of Franklins. I am interested to hear what's your plans to capitalize on your gains. Most US ctizens folks here say it'd be wise to pay taxes, and that's all right. But are there any other methods? Like opening up a bank account in, say the Bahamas, Cyprus, for example? + +Isn't it much better to realize your gains in a country that has a better liberal attitude towards cryptocurrencies? As an EU resident, I plan to cash out in Cyprus, since they levy 0% tax rate on capital gains. + +Anyway, future rich folks, what do you plan to do once you've 1 mil or more sitting on exchanges? +I really don't know where to begin. I have so far picked one company but that is just because I already knew about it. I don't come across these ones on a daily basis otherwise. + +They say you should diversify your portfolio so wondering what else I can look to, what areas etc. + +I (generally) want to invest only in things that I feel align with my values. Feels better than just 'wacking it' into some general fund. + +Maybe electrical car technology, what else? I am also vegan so stuff based around that emerging industry would be good too. +I enjoy betting on sports for entertainment, I make a decent amount of money doing it. In December I was traveling out of state and decided to sign up for some new sportsbooks to take advantage of new user promotions. One of those sent me an email after sign up saying my next bet, my first bet was on them. As it turns out they ended that promotion a week prior and accidentally sent me the old email template, conveniently for them I wasn't told about this until after. Their customer service refused to make it right, and the state regulations board investigated the sportsbook and still is, but did nothing to get my money back. So I went to my bank and presented them with everything I had and they agreed that the sportsbook failed to deliver promised services on their end. I thought everything was good until 9:30 last night when the sportsbook sent me an email demanding their money back or they will keep harassing me with emails and send me to collections. Should I take this threat seriously or tell them to pound sand? +I have come across a lot of amazing books, articles, posts and videos over the years and this post is a compilation of the ideas and concepts I have integrated in my due diligence process. + +# What is the goal of Due Diligence? + +Before we begin, we need to understand what we’re trying to do by performing Due Diligence. + +**In my opinion, the main goals are:** + +1. To study and understand how a business works inside and out. +2. To form our own ideas, thesis and opinions based of our findings. + +I know this sounds basic and obvious, but it’s the framework behind any good due diligence. While we all have our own methods and preferences, we should all keep these goals in mind. It’s very easy to follow the crowds these days, but investments shouldn’t be done solely based on other people’s recommendations. + +If you don’t take the time to study a business and understand how it works then you’re not investing, you’re gambling. + +**So, lets dig in.** + +# Is this company real? + +I know I know, it sounds like a waste of time, and it is in most cases thankfully, but you're better off looking into the basics before digging in any further. Scams are real and they do happen. + +* Check out the headquarters address on Google Maps +* Visit the company website +* Look the company up on government websites +* Find for news articles mentioning the company +* Scan for social media mentions +* Check Glassdoor / LinkedIn for employee stats and reviews +* Read about who the Key Executives are + +# Financial Analysis + +Look through the latest **income, balance sheet and cash flow statements.** Go through each line items and calculate YoY and QoQ growth. Do this going back as far as possible and try to spot patterns and ask yourself questions along the way. For example, if you see debt increased along with R&D of X years, look for an explanation, did the business release a new product or service? Did they expand their team? Invested in PP&E? These are just examples. Try to think past the numbers themselves. Try to find out why they are there and what they mean. + +Calculate your go-to financial ratios and metrics and compare the business you’re looking at with its peers/competitors. This is referred to as comparative analysis and can be extremely useful in identifying value or lack thereof compared to the industry as a whole. + +Look through analyst estimates, investment bank ratings and equity research reports if you can get your hands on them. + +Perform a DCF valuation. This can be a little intimidating for new investors as DCF requires you to make a lot of assumptions about the company’s future performance. When doing so, try to maintain a margin of safety, it’s better for your assumptions to be a little wrong than completely wrong. + +# How does the company make money? + +­­It’s crucial to understand how the company you’re analyzing generates revenue. If you don’t know or understand how a company makes money you either haven’t conducted proper research or simply don’t understand the business, and as Warren Buffet says, only invest in businesses you actually understand. There’s no shame in being selective and sticking to sectors and industries that you understand. + +# Let’s look at Apple, they generate revenues in different ways: + +* iPhone +* Mac +* iPad +* Wearables, home and accessories Services + +As an investor, I need to understand each of these product categories. I need to find out their margins, returns, competitors, moats, strengths, weaknesses and any other competitive advantages. + +**I ask myself:** + +* Which category generates the most revenue and has the best margins? +* What will the company fund with the free cash flow generated by this category? +* What competitive advantages are there with this product? +* What are competitors working on? + +It’s key to understand the primary source of revenue inside and out, as its performance will drive the development of other product categories thanks to the free cash flow readily available to be invested. You need to find out if this primary source of revenue is healthy, competitive and if it faces any potential issues or pitfalls as its performance can heavily impact the future of this company. + +Something I give a lot of importance to is the market sentiment and competitive advantages of a company’s primary revenue streams. + +**In the case of Apple, the iPhone is its primary source of revenue.** + +**I ask myself:** + +* What does the market think of the iPhone? +* How do customers feel about the iPhone? +* How do competitors feel about the iPhone? +* Are there any incoming innovations that threaten the iPhone? +* Is the image and public perception of the iPhone positive? + +# What is the Management team like? + +It’s very important to get to know the decision makers behind a company. As investors we need to get creative and read everything we can to get an idea and feel for the management team. + +**First of all, I look at who the key executives are:** + +* What is their background? +* What successes or failures have they experiences professionally? +* What is their compensation package? +* What do they bring to the table? +* What decisions have they made? +* What direction are they taking the company in? + +Read as much as you can, earnings call transcripts, SEC filings, press releases, interviews, articles, social media, industry reports, shareholder letters. There are some hidden gems across these materials that can help you get a feel for the management team and understand what they value most, what would benefit them personally and how honest/consistent they have been in the past. + +# Insider and Institutional Ownership: + +Insider ownership can be very telling. Find out which key executives own equity and look for any recent purchases or sales. No one knows a company better than its executive team, so any equity purchases or sales made by them could signal incoming news. + +The same is valid for Hedge Funds and Mutual Funds. They have teams of analysts that hunt for potential investments. Keep an eye out for their purchases and sales. + +# Historical Price + +This is a pretty straightforward part of my process. I look at a historical price chart of the company I’m analyzing and I write down the dates of major price dips or increases. + +I then do some digging, looking for the catalyst of those price movements. I scan through those dates looking for news, company announcements, micro and macro developments, industry/sector breakthroughs, commodity prices, material supply/demand etc. I do this to try and identify what causes the biggest price movements in order to hopefully be able to see them coming in the future. + +# Custom Financial Modeling + +Maybe custom financial modeling isn't the right title for this part, but I couldn't come up with a better one. I create a "Frankenstein" table by combining historical data from the three financial statements as well as different financial ratios and metrics. I do this for as far back as I can go depending on the age of the business. + +I really value this part of my process as seeing everything together really helps me get a better understanding of the individual line items as well as make connections and spot patterns. + +The less I have to jump around between websites, statements, spreadsheets etc. the better for me. + +# Watchlists + +I add the stocks I have performed proper due diligence on to watchlists in order to keep an eye on them through my personal go-to ratios and metrics. + +This helps me spot any changes or movements which may lead to another round of due diligence depending on what I see. It also simply helps me remember each stock. It's easy to get lost or forget about a potential investment with all the new stocks that we discover. + +# Repetition + +This is the most important part. Repetition. It’s the only way you’ll get better. + +The more you do something, the easier it becomes. Your understanding of finance, economics, psychology and all things investing related will be refined through repetition. The more you study companies, analyze their financials, track their developments the more you’ll begin to spot patterns and make connections. + +Due diligence and financial analysis are much like story telling but in reverse. You’re putting together a story based on various bits and pieces, studying documents, financials and more to understand the beginning and middle in hopes of being able to see how the end will play out. +Hello gents, + +I have been selling a CSP against SPY since the start of the year. + +I initially wanted to wheel, but found that I much prefer just to have my CSP, and each week, roll it out for credit to maintain it in the 30-45 DTE day range. + +My approach has worked so far and I've collected a good amount of premium which I want to use to start another Theta play. + +My initial though was to set up a put credit spread which to an extent would simulate a CSP with a lower collateral requirement, however from the reading I have done, rolling out a position that has gone against me isn't very easy without adding additional risk. + +Any suggestions on how best to deploy my profit - circa $1k and hopefully growing. + +Thanks +My thoughts are that this year will be a tough one for QQQ. Inflation is a real threat, and there is real concern with the feds, which has an inverse reaction to the ETF. We are looking at four times this year where interest rates will go up, which will negatively impact QQQ holders. + +As a long time QQQ holder and CC writer, I am looking to shelf it this year, and focus on other ETFs like XLF. I may still buy Leaps on Apple and MSFT, but my positions will be not more than 15% of my portfolio. Financials and Insurance are not sexy, but it may be the safe bet in 2022. + +Thoughts? + +Edit: Topic is more focused on CC writer, so PMCC strategy. Apologies for the confusion. +I will continue to buy QQQ and SPY shares into my long term investment account. +Perhaps it may just be personal preference, but I think I prefer a strategy of investing in a broad portfolio of single stock names I believe in while selling calls 10-15% OTM per month. If I get assigned then that’s fine because I just made 10-15% in a month which would be exceptional. Then I would just move on to another company with the new capital and do the same thing. If it expires worthless, then just roll it over to the next month. +Buffet sold long term naked puts on the S&P during the financial crisis in 2008. Before that, he would not touch derivatives. + +That is all you need to know. + +The implications in his trade are: + +1. The US economy will prevail even if there are headwinds at the moment +2. The bet should be diversified in high quality stocks +3. Selling puts is the easiest option trade to manage +4. Puts are more expensive than calls +5. Longer term is safer than shorter term +6. There are always put buyers who will need puts as a hedge +7. Puts get way more expensive during a crisis/downturn when gamma is high + +Prove me wrong that any other trade can beat single puts in any of these aspects. +I’m looking for a strategy to follow as a beginner option trader. Weekly options are better for my nerves. I feel that I get nervous and over manage when trading long term options. + +How do you scan to find opportunities? +What types of spreads do you use? +and how do all this tie to a strategy I can use to keep using every week? + +I look forward to learning. +**Law of large number and how it impacts your trading** + + +Before anything else, you must understand the law of large number. + + +Wait, what’s that? + + +The law of large numbers is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed. – Probability Theory + + +For a trader, this means you need a large number of trades for your edge to play out. + + +You will not be consistently profitable every week, taking 5 trades a month. + + +Why? + + +Because according to the law of large number, results are random in the short run, but will be closer to the expected value in the long run. + + +Since the law of large number requires a certain number of trades for your edge to play out, how does it impact your trading? + + +&nbsp; + + +**What is consistency?** + + +Since the law of large number requires a certain number of trades for your edge to play out, how does it impact your trading? + + +High-frequency trading – Trading at very high frequency, like 10,000 trades a month. You can expect to be profitable for most of the months, or even every day like Virtu Financial (But I wouldn't recommend this route if you're a retail trader as you need the right technology and deep pockets). + + +Day trader – Trading an average of 3 – 5 times a day, you can expect to be profitable in most of the quarters. + + +Swing/position trader – Trading an average of 5 – 15 times a month, you can expect to be profitable for most of the years. + + +The more trades you put on during a shorter period of time, the faster your edge will play out. + + +But without an edge in the markets, the more trades you put on leads to blowing up your account even faster. + + +Understand this and you’re ahead of 90% of traders out there. + + +Next: + + +&nbsp; + + +**Find a trading style that suits you** + + +Not only that, it has to also fit your schedule. If you have a full-time job, it does not make sense to be a day trader. + + +Go read Market Wizards. It contains an interview with successful traders of various trading styles. + + +This way you’ll learn what works in the market, and pick one trading style that suits you. + + +Once you’ve decided on one, find out everything you can about it. Let’s assume you want to be a trend follower. + + +You can look at: + + +Academic research papers – You can google academic research papers. E.g. Search for ‘trend following academic research papers’. These are useful research papers you can explore. + + +Books – Search for books relevant to your trading style. E.g. Search for ‘trend following’ on Amazon. Here’s a list of books that I would highly recommend. + + +YouTube – Watch videos and learn the thought process of other traders. E.g. Search for ‘trend following’ on YouTube. + + +Google – You can always find a hidden gem here. Like interviews, podcasts, and blogs related to trend following. + + +Social Media – You can connect with traders who are successful. Follow them on Twitter and Facebook etc. + + +Now: + + +Use all these information you have and build a trading plan. + + +Here’s how… + +&nbsp; + + +**Develop your trading plan** + + +A trading plan is a structure or a set of guidelines, that defines your trading. + + +It removes subjectivity in your trading, minimizes the roller coaster emotions, and keeps you prepared at all times. + + + So, how do you develop a trading plan? + + +Below are 7 essential questions that every trading plan must answer: + + +Time frame traded + + +You must know the time frame you are executing your trades. + + +For day traders, you would be trading lower time frames like 5 minutes. For swing/position trader, you would be trading higher time frames like 4 hours or daily. + + +Markets traded + + +You must know which markets you will be trading. Would you trade all markets, or just trade a certain sector? + + +Risk management + + +You must know how much risk you are putting on each trade, and how it will change as your trading capital increase/decrease over time. What % of your account will you risk on each trade? + + +What are the conditions of your trading setup? + + +You need to define what is the exact market condition required before you put on a trade. + + +When to enter + + +You need to define how exactly will you enter a trade. + + +When to exit if you are wrong + + +Whenever you enter a trade, you must know the point at which you are wrong, and get out. Which is the point on the chart that will prove your wrong? + + +When to exit if you are right + + +When the price goes in your favor, you must know how you will exit your trade. Would you trail your stops or set a profit target ahead of time? Would you look to take partial or full profit? + + +*Disclaimer: Below is a sample trading plan that I came up with randomly, please do your own due diligence.* + + +Sample trading plan + + +I like to use the IF THEN syntax in my trading plan. It helps keep me more objective with lesser room for discretion. + + +If I am trading, then I will only trade Eurusd and Audusd. (The markets you are trading) + + +If I place a trade, then I will not lose more than 1% of my account. (Your risk management) + + +If 100 EMA is above 200 EMA on daily, then the trend is bullish. (Conditions before entering a trade and time frame you are trading) + + +If the trend is bullish, then identify an area of support where the price can retrace to. (Conditions before entering a trade) + + +If price retrace to your area of support, then wait for a higher close. (Conditions before entering a trade) + + +If price closes higher, then enter long at next candle open. (Entry) + + +If you are long, then place your stop loss below the low of the candle, and take profit at swing high. (Exit when you’re wrong, and when you’re right) + +&nbsp; + + +**Execute your trading plan** + + +Once you’ve completed your trading plan, forward test it in the live markets. + + +You can do it on demo or small live account. + + +I would suggest trading micro lots on a live account, to take into account how psychology affects your trading. + + +You have to execute your trades consistently according to your trading plan. This is where your discipline comes into play, only taking trading setups that meet your trading plan. + + +Warning 1: If you entering trades based on how you feel instead of following your trading plan, then it would be impossible to tell whether your trading plan has an edge in the markets. + + +Warning 2: Do not change your trading plan, or jump onto another trading system when you are having a series of losses. I know you are tempted to do so. + + +Recall the law of large number? + + +Results are random in the short run, but will be closer to the expected value in the long run. + + +This means if you change your trading plan after a few losing trades, you’d never know if you have an edge in the markets. And you will be running around in circles forever! + + +I would recommend having a sample size of at least 100 trades, before deciding whether your trading plan has an edge in the markets. + + +&nbsp; + + +**Record your trades to remain objective** + + +Executing your trades consistently isn’t enough. You must record down your trades to collect relevant statistical data. + + +Why? + + +So you can make an objective conclusion and know whether your trading plan has an edge in the markets. + + +You can easily do this on an excel spreadsheet with the relevant metrics below: + + +Date – Date when your trade is entered + + +Time Frame – The time frame you are entering on + + +Setup – The trading setup that triggers your entry + + +Product – Financial product that you trade E.g. Apple, Gold, Eur/Usd + + +Lots – Position size you entered + + +Long/short – Direction of your trade + + +Tick value – Value per pip. E.g. 1 standard lot of Eurusd is $10/pip + + +Price In – Price you enter your trade + + +Price Out – Price you exit, at profit or loss + + +Stop loss – Price where you will exit if your trade is wrong + + +Profit & loss – Profit or loss from this trade + + +Initial Risk in $ – Nominal risk value of this trade + + +R – Your initial risk of this trade. E.g If you made 2 times your initial risk, you made 2R. + + +Review your trades and find your edge + + +After you have a sample size of 100 trades, you can look to review your statistics to see whether you have an edge in the markets. + + +The most important trading equation you must know: + + +Expectancy = (Winning % * Average win) – (Losing % * Average loss) – (Commission + slippage) + + +If you have a positive expectancy, congratulations! You have an edge in the markets. + + +But what if you don’t have? + + +You can consider: + + +Increase your winning % – Be more selective with your entries. Look for other confluence factors that can be added to your trading plan. + + +Increase your average win – Ride your winners longer. You can do this by trailing your profits as price moves in your favor. + + +Decrease your average loss – Cut your losses. You can do this by cutting your losers quickly. + + +Note: + + +If you do not have an edge in the markets, increasing your frequency of trades will not make you profitable. It will only make you lose faster than before. + + +Likewise, reducing your risk per trade will still cause you to lose, but at a slower pace. + + +Once you’ve identified the issues and come up with a solution, repeat the entire process over again. Develop >> Execute >> Record >> Review + +&nbsp; + + +I hope this will shed some light on what it takes to become a consistently profitable trader. + +Don't hesitate to let me know if there's anything, I'll be glad to help. + +** **You can view the original post [here.](http://www.tradingwithrayner.com/how-to-be-a-consistently-profitable-trader-without-paying-for-trading-courses/)** +I have done the Babypips course. I have a good understanding on many topic except leverage and the dangers of it. Can someone recommend a YouTube type video that is dummy proof for someone like me? I am trying to understand it in a real life scenario along with stop loss but I am not making a connection to it yet. I am hoping someone can point me in the right direction that can be break it down for me. Thank you. + +Edit: thank you for all the response. It’s starting to make sense but I need to spend more time researching. +Guten Morgen to this global band of Apes! 👋🦍 + +🩳 🏴‍☠️ 💀 + +I'm normally much more verbose, but there is beauty in the simplicity here. Shorts Arrrrr Fucked. + +Today is Wednesday, February 23rd, 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: **$120.44 / 106,19 €** *(volume: 1105)* +- 🟩 115 minutes in: $120.14 / 105,93 € *(volume: 805)* +- 🟥 110 minutes in: $120.01 / 105,81 € *(volume: 777)* +- 🟥 105 minutes in: $120.25 / 106,03 € *(volume: 773)* +- 🟥 100 minutes in: $120.28 / 106,05 € *(volume: 705)* +- 🟩 95 minutes in: $120.40 / 106,15 € *(volume: 705)* +- 🟥 90 minutes in: $120.11 / 105,90 € *(volume: 697)* +- ⬜ 85 minutes in: $120.37 / 106,12 € *(volume: 642)* +- 🟥 80 minutes in: $120.37 / 106,12 € *(volume: 642)* +- 🟩 75 minutes in: $120.71 / 106,42 € *(volume: 576)* +- 🟩 70 minutes in: $120.61 / 106,34 € *(volume: 458)* +- 🟩 65 minutes in: $119.87 / 105,69 € *(volume: 246)* +- ⬜ 60 minutes in: $119.40 / 105,28 € *(volume: 241)* +- ⬜ 55 minutes in: $119.40 / 105,28 € *(volume: 235)* +- 🟥 50 minutes in: $119.40 / 105,28 € *(volume: 235)* +- 🟩 45 minutes in: $119.43 / 105,30 € *(volume: 220)* +- 🟥 40 minutes in: $119.42 / 105,29 € *(volume: 220)* +- 🟩 35 minutes in: $119.46 / 105,32 € *(volume: 210)* +- 🟩 30 minutes in: $119.43 / 105,30 € *(volume: 205)* +- ⬜ 25 minutes in: $119.40 / 105,28 € *(volume: 195)* +- 🟥 20 minutes in: $119.40 / 105,28 € *(volume: 164)* +- 🟩 15 minutes in: $119.46 / 105,33 € *(volume: 159)* +- 🟩 10 minutes in: $119.40 / 105,28 € *(volume: 123)* +- 🟩 5 minutes in: $119.37 / 105,25 € *(volume: 121)* +- 🟩 0 minutes in: $119.36 / 105,24 € *(volume: 101)* +- 🟥 US close price: $118.06 / 104,09 € *($118.55 / 104,52 € 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 1.1342. 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 there, please be sure to read through this post before being judgmental or responding. I will try my best to give all the information I can. + +Basically, Right when Covid hit I was Pregnant with my second child. From December of 2019-May of 2020 I could not work due to pregnancy complications. I then had horrible complications that landed me in and out of the hospital afterwards. + +I also have back problems (scoliosis) and well as diagnosed OCD and Bipolar 2. I've never recieve any type of disability or unemployment. I went back to work briefly this past holiday season but hours were low and I could barely afford to save anything with childcare. + +Two of my bank accounts have been closed for being past due and I have multiple financial accounts in collections, mostly medical. + +I'd really like to start improving my financial situation. I job hunt every day and am hoping to find something soon. + +In the mean time, does anyone know of any relief programs I can sign up for or basically anything that might aid me in my journey to healing my financial situation? Do I call my banks? Do I call the debt collectors back even though I can't pay anything right now? Am I just screwed until I get a job? + +For those wondering how I have been surviving, I stay at home with my two kids while my boyfriend (their dad) has been working and recieving unemployment. Obviously one income is not enough for me to work on paying off my debts. We live at my mom's and she gives us a great deal on rent in exchange for claiming me on taxes. She's claimed me in 2020 so I'm not sure what kind of relief I can qualify for. + +Thank you in advance for all responses. +I have a very significant chunk of $$ just sitting in a savings account. I’ve been looking for ways to hedge inflation in the meantime without losing “instant access” to the money. What options do I have? Anything creative? I opened a business checking with American Express but the advertised APY (1.1%) only goes up to $500k. Interested to see what others are doing. Again, this is for short-term. I reside in the US. Thanks! +For those who don't care for reading the techincal details, you can jump down to **TL;DR Starting Point** at the bottom. + +DISCLAIMER: I only started looking into this stuff a few hours ago, so a lot of this is just speculations from reading specification documents with a background in software development. If anyone here knows more about any of this please let me know and I'll make updates as needed. Also, I am not a financial advisor so be sure to do your own research before making any decisions and none of this is financial advise. + +\-------------------------------------------------------- + +UPDATE: It looks like we should be able to use Yahoo Finance as well for "delayed price" since it is now working again for BRK-A. Interestingly, it is showing that information as coming from NYSE which further strengthens my confidence that we shouldn't have the same types of issues with GME during the MOASS. + +🚀🚀🚀🚀🚀 + +\-------------------------------------------------------- + +Happy Cinco de Mayo my fellow apes! + +This morning like many of you I was reading the [morning post](https://www.reddit.com/r/Superstonk/comments/n5cryg/ama_day_wednesday_superstonk_daily_dd_05052021/) from r/Superstonk's mod team, but I got a bit concerned when I came across the news about BRK-A breaking NASDAQ due to its price going over their upper bound of $429,496.7295. As a software developer that number stood out to me because it looked exactly like the upper bound of unsigned 32-bit integers, **4294967295**, but offsetting the decimal place 4 digits over. + +After some further reading others mentioned that this is may not be a concern for us since this issue affects NASDAQ but GME is instead traded over the NYSE. However, after reading that I didn't like "hoping" that NYSE was in a better place than NASDAQ for us since last I checked the floor has been far above $420K for quite a few months now. So, let's do some digging! + +First off, I wanted to figure out what NASDAQ and NYSE were using for their trading protocols since that is where all the live ticker action for stocks will be coming from. A brief look at [wikipedia](https://en.wikipedia.org/wiki/List_of_electronic_trading_protocols) tells us that NASDAQ are using protocols called [OUCH](http://www.nasdaqtrader.com/content/technicalsupport/specifications/TradingProducts/OUCH4.2.pdf) and [ITCH](http://www.nasdaqtrader.com/content/technicalsupport/specifications/dataproducts/NQTVITCHspecification.pdf), and NYSE are using one called [Pillar](https://www.nyse.com/pillar). + +My initial findings from Pillar we are bit discouraging, looking at a [document](https://www.nyse.com/publicdocs/nyse/markets/nyse/Pillar_Differences.pdf) that compares it to Arca (what looks to be the predecessor of Pillar?) on the first page it tells us: Current: Max Price supported for order entry is $99,999.99. + +Pillar: Max Price supported for order entry is based on the binary u32 limitation in XDP for price: Price scale for individual securities is published in the XDP Symbol Index Mapping Message. + +* Max price for securities with a price scale of 6 is $4,294.67296. +* Max price for securities with a price scale of 4 is $429,467.296. +* Any price above these maximums will be rejected. + +Which is just a long and roundabout way of saying it has the same limitations as NASDAQ where it the largest price it can handle is $429K, but it says this limitation is only for "XDP". I found that "XDP" stands for "Exchange Data Publisher" and gets explained further in [another document](https://www.nyse.com/publicdocs/nyse/data/NYSE_Global_Index_Feed_Client_Specification_v1.10.pdf) for Pillar's "XDP Client specification". On page 14 it states that they only use 32 bits of data (i.e. 4 bytes) to send over price data and on page 22 explains that it uses the following formula to read the price: + +Price = Numerator / (10\^PriceScaleCode) + +For those who are not mathematically inclined, this is just a fancy way of saying "instead of storing 27.56 we store 2756 and tell you to move the decimal point over 2 digits to the left" where the price scale / scale code is that number that tells you where to put the decimal point. + +While this seems to be painting nothing but bad news so far, I was still optimistic and kept plowing further ahead to see if the specification for Pillar as a whole (not just the XDP client specification) looked any better. Looking at the homepage for their website that I linked above, it looks like Pillar has two underlying versions of its protocols: Binary and FIX. + +Starting with the Binary version, the [latest specification](https://www.nyse.com/publicdocs/NYSE_Pillar_Gateway_Binary_Protocol_Specification.pdf) on page 8 outlines that the price data type they use is an "Unsigned Little Endian 64 Bit with Price Scale of 8", which is fancy talk for saying the theoretical max price is: **$184,467,440,737.09551615**. + +This is certainly an improvement from $429K and tells us that at least in some part of the NYSE they have the capacity to handle prices greater than $429K. Before I dig any deeper into that line of thinking I also wanted to check the FIX version of the protocol. + +A brief search tell us that "FIX" does not mean it is "fixing" anything but is rather an acronym for [Financial Information eXchange](https://en.wikipedia.org/wiki/Financial_Information_eXchange), which is not something specific to NYSE but rather is a specification used by the greater market as a whole. Pulling some snippets from the that wikipedia article, "According to the FIX Trading Community, FIX has become the de facto messaging standard for pre-trade and trade communication in the global equity markets," and, "FIX is widely used by both the buy side (institutions) as well as the sell side (brokers/dealers) of the financial markets". So it is very possible this is the version of the protocol that you would see with your broker when you try to make buy/sell stocks. + +With that out of the way, looking at the [specifications document](https://www.nyse.com/publicdocs/NYSE_Pillar_Gateway_FIX_Protocol_Specification.pdf) on page 21 it tells us that the price field they send has a range of values between $0.000001 and **$999,999,999.999999** and is utilized by: + +* NYSE +* NYSE American EQ +* NYSE National +* NYSE Arca EQ +* NYSE Chicago + +Which is definitely greater than $429K but may crush the hopes of any dreams some of you may have for the price reaching over $1 billion per share (well, the price can get to that point but Pillar cannot handle orders for those price points). + +# TL;DR Starting Point + +Bringing this all together, it looks like NYSE's Pillar specification (both the binary and FIX versions) can handle prices over $429K currently. The caveats is that the XDP data from Pillar that is used for real-time data can only support up to $429K, but the specification used by the brokerages for buying and selling (which look to be the FIX version) can handle right up to $1 billion per share. So even if real-time data for GME is lost for watching stock tickers you can still go to your broker's site and look at what the bid/ask price is for the stock on their trading page (e.g. right now you can do this for BRK/A on Fidelity to see their price even though real-time data is disabled). + +**ELIA**: If GME goes over $429K and stock ticker sites disable real-time data for the stock, you should still see the price from your brokerage on their trading pages and can still sell your shares over $429K. + +EDIT - Slight formatting & grammar fix +I was forced to post this DD because I feel like there has not been enough posts on this sub about the coming housing crash and how we should all be afraid. + +You may be asking, how I know this? + +Well, for one thing, this house in my neighborhood had to be put on sale recently because clearly no one would buy it at regular price: + +&#x200B; + +https://preview.redd.it/spf426jtykb71.png?width=1500&format=png&auto=webp&s=bdd4a8d84ee535ba09e474d94331a52ea7632dac + +Also there is no lumber shortage, as evidenced by all this lumber I recently saw (on bing images): + +&#x200B; + +https://preview.redd.it/wihtde82zkb71.png?width=1438&format=png&auto=webp&s=cdf335cdf3e0493416cd6515a670338a0056ff74 + +Plus, as we saw in during the great depression, things that are expensive always get cheaper. For example: lambos (my next DD will be about the lambo crash). Here’s a picture of mine: + +&#x200B; + +&#x200B; + +https://preview.redd.it/kav733brykb71.png?width=1920&format=png&auto=webp&s=f74d10a322448da30ee965ca1f02f8a2342f5af8 + +Now, some of you might be saying this DD lacks any technical analysis or numbers for that matter. To those I say: fuck you nerd but also I say, I got you covered: + +&#x200B; + +&#x200B; + +https://preview.redd.it/w90jm4kwykb71.png?width=562&format=png&auto=webp&s=daff2840a2ab4b50135ce8f831ebf65ac15f4923 + +As you see, this curve that represents all things, clearly shows you that all that goes up, must come down. Final question, when will it all crash and burn? Tomorrow or next year, 2040 at the latest. Any other questions? Ask your mom. + +Disclosures: + +1. I’m not a financial advisor, but I did watch Big Short for the 12th time last night and jizzed my pants while air drumming to Metallica and pretending that I was Michael Burry. +2. That house is not in my neighborhood but the sign is real so fuck you +3. The lambo is not mine, but it will be after the lambo crash of 2025. +4. Positions: I have a opened a short position on my neighbor Larry’s 3/2 1800 SF because Larry is a douchebag and who needs 2 bathrooms? + +edit: I woke up and saw all the upvotes and awards and I just wanted to say ur welcome and fuck you! +The amount of people I see advocating buying shares and holding them for six months plus is fucking absurd. + +/r/investing <-- is that way you risk averse ~~adverse~~ fucks. + +Don't get me wrong, there's a time and a place for shares, or even, *gasp* shares in a major index ETF. + +It's called your retirement account, and it's the last thing you should be trading with at fucking /r/wallstreetbets. + +Shares aren't the way here. What happened to the 10 delta yolos on contracts expiring end of week, or even end of day lmao. + +Our lossporn is gonna be weak as fuck if we don't cut this shit out. + +This is a casino inside a Wendys, not your local branch office of Berkshire Hathaway. + +Edit: for all you degens asking for positions. + +SPY 408/424c leaps +/CL 60/63c on the March contract. +Oil is coming back for me today. I opened down 2k. Maybe not as retarded a play as I thought. +Im a 19yr old and after many years of being a stoner I’ve always thought back on how much money I’ve wasted on something ill never get back. Some might say you can’t put a price on memories but the truth is for me that I don’t remember 80% of the shit I’ve done while high. + +At the beginning of this pandemic I was a little happy I now had an excuse to just stay at home and smoke my weed but I quickly started to see things differently. I was now wasting away my days and gaining absolutely nothing. + +So around New Years I decided I wanted to take a break and just breath and see if I could do more or even be just as happy without weed. After just a few weeks I understood that all it did was make my mind foggy and take away my time. Recently I became very intrigued by crypto currencies and it boggled my mind how bulletproof Bitcoin seemed to me. I do believe it can be a major asset in the future and if not Bitcoin it self it’ll at least pave the way for the others. + +So I’ve decided I will now take all the money I save from not smoking anymore and put it into Bitcoin mostly and other cryptos and stocks. I will do so by DCA and I’m so excited to see where this goes. I hope this post can maybe point other young adults in the same direction and to be smarter with your money. + +EDIT: Thank you guys for all the meaningful words and support, y’all got me feeling all warm and fuzzy inside lol + +EDIT 2: +I see a lot of you guys saying why don’t I just grow my own MJ and then take the profits to buy Bitcoin or stocks afterwards. I could do this as I do live in a country where it’s legal. But I guess I didn’t make it very clear that PERSONALLY I’ve always had my doubts of being a daily user and I’ve taken breaks or tried quitting before but I always came back to it. Even trying to smoke in moderation always brought me back to using daily. To my luck I was able to throw dabs away and just stick to flower as I found that to be much better more my health and mentality. However the main goal of this post was to show people how the real reason I’ve been able to go full on cold turkey is by simply replacing a bad habit with a good one. Investing. This wasn’t to persuade everyone but simply help push those who were on the edge like I was. + +I’ve already gotten tons and tons of comments about how I’ve inspired many to change and I’m so glad to have helped. KEEP IT UP! Your future self’s will thank you +The merger between Opendoor (OPEN) and “Social Capital Hedosophia Holdings Corp. II” (IPOB) has been approved on 12/17. So tomorrow 12/21, OPEN will be officially listed on NASDAQ. And soon, "IPOB" will be renamed to "OPEN" on NYSE. + +Here is a [video summarizing the S4 filing of Opendoor.](https://youtu.be/F75jJALMpu0) Hopefully, it will be useful to everyone. + +Opendoor upside: + +1. Operate in 21 US markets with plans for future expansion. +2. Offer title insurance, escrow services, and financing services. +3. US housing market is worth $1.6T annually with 5.3M homes sold each year. +4. Online penetration is still low compared to retail and transportation +5. Disruptive technology: +6. Simplify selling/buying house process: closing in as little as 14 days vs 87 days in tradition sale. +7. Reduce cost through centralization and automation. + +Opendoor risk factor: + +1. Incurred net loss every year since inception +2. Net loss: $240M (2018), $339M (2019), $190M (Sep 2020) +3. Sep 2020: 47% of revenue was generated from 4 markets: Phoenix, Dallas, Atlanta, and Raleigh. +4. Well-known and well-established competitors: Zillow, Redfin, … + +(Detailed look into the balance sheet is in the video). +Hi, I moved to Hawaii for a job. Rent is $2600 a month for a tiny old unit in a roach infested building, I take home about $4400 split across 2 paychecks a month. Parking, gas, insurance, food, etc leaves me with very little each month. It also doesn't help that my mom died, and I had to pay her mortgage to keep her house in the estate. + +I really don't think I can afford to live here as a single person. I also don't want to leave, but I feel this is a place retire once you have struck it big and the costs are nothing to you. + +Just wanted some input from someone outside of this situation. +Figured I'd retaliate in the way that might actually help my investment. Had some shares sitting in a brokerage account and didn't have any money to buy the dip so I DRS'ed 300 shares, which is most of what I've accumulated over the past few months. + +I can be pretty spiteful, and stubborn, and I've been playing video games for 20 years and I don't like to lose. +Hi my name is Andrew and I have been having issues for a long time. I have been struggling with homelessness for 3 years and finally have found a place that I can live for a year. When I went to college the first time my parents stopped supporting me when they found out I had a relationship with another guy and things have just gone downhill from there. 2 months ago I was tired of living and tried to kill myself but failed and was taken to a hospital and I'm fine now I guess. They connected me with a social worker who put me in an apartment and the deal is I have to pay $300 a month for it which isn't bad since I'm in San Francisco. But my life is kind of a mess. + +I only have $23.43 and my only valuable things are my laptop and my phone, one was a prize in a raffle and one was a gift from a friend. I have about 6 thousand in debt (2k in student loans, 3k in medical bills, and 1k from a credit card I got when I first was homeless that I used to buy food but couldn't pay off) I checked myself at Credit Karma and I have a credit score of 311. I signed up for fall classes at San Francisco City college because it's free and I want to learn things and I will me studying math (my favorite subject!) + +My greatest barriers are finding a job (I haven't got an ID or Birth certificate or Social Security card) and keeping a budget. There is a lot of information and I went through the links on the side but it's all just so overwhelming. I don't know where to start. + +I don't know how long I will have internet for but I really need help working out what I need to do. + + + +Hi, I am adding this later on. Thank you so much for all of your words and kindness. I will post updates on my life. + + +EDIT: (proper format I guess) if you guys want to keep up with how I'm doing I made a Twitter a while ago @DoinEveryfin but I will keep updating on my status +Global crude prices fell sharply Friday amid a stronger U.S. dollar and investor concern that President Donald Trump's decision to leave the Paris Accord on climate change could spark increased drilling and production rates from American oil companies. +Today we are jump-starting Alaska energy and putting US on track for American Energy Dominance. This order makes #Alaska open for business!," said U.S. Interior Secretary Ryan Zinke on his verified Twitter account after signing an order that could potentially increase oil drilling on the coastal region of the Alaskan National Wildlife Refuge, known as "1002 area", and the National Petroleum Reserve-Alaska, the largest federally-controlled block of land in the United States. +Last year, several gaming studios announced plans to roll-out NFTs on their platforms, and the backlash was swift. Gamers threatened to cancel their Discord membership, Square Enix got criticized for introducing NFTs in *Kingdom Hearts*, Ubisoft got panned for a similar NFT program last month... + +At first, I was aghast. Why would gamers reject so violently a new technology? I am not a gamer myself, so it was troubling. + +But I read about it, and I came to this conclusion : gamers are not against to NFTs, they are against microtransactions cash-grabs. And to them, non-fungible tokens are nothing more than another way for studios to make more money. But this will change. + +From what I read, the gaming industry has been plagued by microtransactions for quite some time now. You pay $60 for a game, and yet, you need to fork out more money to buy clothes, armor, weapons, etc., for your character. That pisses off players, and rightly so. So when big studios such as Square Enix or Ubisoft announced plans to offer NFTs, those same gamers are pissed off : they only see this technology as another form of microtransactions. + +(There are also energy consumption concerns, but as most NFTs are build on Ethereum, those concerns will evaporate in six months when it switch to proof-of-stake.) + +**That's why I think that, in the long-term, NFTs will find a way into the gaming industry.** When/if big studios find ways to make it enticing for players, the revolution will begin. The tech will mature, the fears will fade away, and our ecosystem will benefit from this. +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! + +J.L. Collins (author of *The Simple Path to Wealth,* which advocates the Boglehead philosophy to investing) [says home ownership is a terrible investment](https://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/). What do you all think of this take? +I came home with a letter in the mail indicating my wife had life insurance from Mutual of Omaha. She died 9 years ago, so this is coming as a complete shock. I was the one who had a job and had life insurance, so I didn't know she had coverage. What kind of value could I expect? Please feel free to speculate, I can't call them until tomorrow. Right now I'm completely stunned and of course this brings back memories and thoughts of the past. + +Update: I called the company first thing in the morning and found out the life insurance is valid, but the agent wouldn't discuss the details. I have to wait for a specialist to call me back, and they didn't call yesterday. I was at work all day so they wouldn't have reached me anyway. I'll call again today, and I also have a few days off. Hopefully I can get all of this cleared up in the near future. + +Update2: I was able to find out the "face value" of the life insurance. Its $12,000. I would assume that means there will be interest on top of that? If so, can you speculate as to how much it might amount to? Or, does the "face value" already take into account gained interest? +It seems like wallstreetbets has been invaded thoroughly by shills. 20 new mods in 2 days. Great GME posts are actively being deleted, while shitty obviously fake pump and dump yolo’s are being held. + +But it won’t stop here. Here is what I think happens during the MOASS. Wallstreetbets will be flooded with GME posts, the mods know they should not delete the GME posts right then, because they would betray themselves for being (paid by) shills. I would expect a lot of posts who will say hold, don’t sell, the whole rightful GME morale. +But you know what will happen when GME has reached between $1000-$5000? The subreddit is going to be actively posting their “great” GME gains, and on their screenshots there will be seen that they have sold. GME newbies would obviously think, “well they are selling, it’s better if I sell too right now.” This is a great problem, because selling GME at $5000 dollars is not even close to what it’s potential price could be, which in my opinion is easily hundreds of thousands of dollars, and with brave apes, even millions. +The selling at $5000 is the tactic of the shills, if they notice that GME is squeezing, their only option is to make people sell early. Hence they have infiltrated WSB to post fake portfolios way too early during the MOASS. + +Be careful guys, those shills have dirty tactics, probably some we don’t even know about. Our best option is to stay at r/superstonk. And during the MOASS, listen to the trustworthy people like Hank, Rensole and many more great people on this subreddit. +If a mod reads this, please discuss with each other to set the karma requirements even higher for posting and commenting. And demand accounts to be even older, why? Because shills have actively been creating reddit accounts a few months ago, just to post on reddit during the MOASS. + +TLDR: Wallstreetbets has (likely) been infiltrated by shills. They will probably post fake portfolios, where they will show that they have sold at a price around $1000-$5000, which is way too cheap. This will motivate other people to sell too, while a price between $1000-$5000 is way too low to sell. Just another shill tactic we should be aware of. +Basically what the title says. Just wanted to do a quick post on this topic, since so many people are worried about the cost of property in the cities that they've forgotten how big this country is. That's right, there is far more to Australia than the 3 major cities, and moving away from one is not the equivalent of living in the middle of nowhere. + +I live in Mackay. It's a small city of 80k people, half way between Brisbane and Cairnes. My backyard is the Great Barrier Reef, I have everything I need in the city with shopping centres (that's right, plural), beaches everywhere (literally everywhere! Mackay has DOZENS of beaches) that aren't crowded with people, we have 5G, we have the same internet speeds, we have plenty of work in Mackay and around the region, loads of parkland, and did I mention the beaches?? + +Yes it gets hot up here, but its Australia - everywhere is hot. We have air-conditioning, big enough back yards that almost anyone can put a pool in, and again... BEACHES! + +You can [buy](https://www.realestate.com.au/property-house-qld-north+mackay-138147446) a 4 bed, 2 bath house on 800m² blocks for under $600k people! 15 minutes from the CBD! + +No, it's probably not going to go up $200k in a year like some houses in the capitols are doing currently - and to that, I ask: Is it about making money? Or is it about owning a home? I know I'd rather have my foot in the door with a tangible asset than keep getting my deposit outpaced like a pipe dream by rising house prices. + +And finally, I'd just like to add: This isn't for everyone. I'm sure there's going to be some people out there where this just isn't an option, so to those people, R.I.P., but to everyone else, come see what it's like to live out of the city. You won't be disappointed! + +ETA: I'm not very financially literate, if the post didn't make it obvious lol, but hear me out here. + +For the housing bubble to burst down there, there has to be a catalyst of some sort, right? + +That catalyst has to cause the people to decide that the houses down there aren't worth the money that's being asked of them. + +Why can't that catalyst be people deciding to buy homes further away from, and out of the cities? + +Edit2: just added the link to the 4 bed, 2 bath house on 800m² for under $600k. +Finishing up medical school. Have 10-12k extra from loans that I don’t need cause I saved a bunch from living at home during covid, a couple exams got cancelled, stimulus, and no need to travel for interviews anymore. + +Given that interest rates are zero till the end of the year, should I use that money to pay back the gov loan I received during my first semester? The interest rate for that one is about 8.5%. Interest rate that I received this month for this semester is about 5%. + + +Basically, my question is use that money to pay back old loan or return money to gov. + +Thank you! + +I owe $300k in medical school loans rn :( +If you were working full-time in a higher-paying corporate job, and FIRE'd to a life of mostly leisure but with a low-paying part-time job, here's my question. What was it like transitioning from working with 'corporate' co-workers to working with low-wage workers? Did you experience a big difference? + +For example, let's just say I like to make donuts, enough that I would be willing, upon leaving my corporate job, to do it at Casey's for eight hours a week - two hours each morning for four mornings per week. It pays a pittance, but it covers a few bills, nothing special, and I get to do something I already enjoy for eight hours per week. But the people I worked with would be totally different. + +For those who have experienced something like that, what did you think about it? +https://youtu.be/-nAco9ZGiAE + +Just thought I'd share it. It's definitely a growing movement and gaining more attention. + +The comment section is a cesspool though... +I have a small holding of DIS, 10 shares to be exact. Bought them at $113/share. I’ve enjoyed the growth but I really prefer dividend investing. + +I’m in my young 30s. No kids. Small business owner. No debt. My current goal is to hit $1000/year in dividends, currently at $700/year. + +I want to sell the DIS and invest the money in VZ, O, SCHD, or JEPI. Only thing stopping me are the tax implications. + +Am I over thinking this???!!?? Thanks for the advice or comments! +What resources do you use or how did you learn strong knowledge about dividend investing? I have asked questions about portfolio diversity or what stocks to pick over others and was wondering how you guys learned this type of information. Any information will help. Thanks! +At one time, finance.google.com was a pretty solid finance aggregator, with a lot of the top stories at a glance, good data on companies you were following, nice tools for comparison, etc. But recently it feels completely abandoned. + +Two of the "Top 5 gainers" on the front page, Burger King and Walgreens, have been there for months despite not trading since December. The "top story" is frequently something like "Dow gains on news..." from 10 hours ago, even though the market just closed down 100 points. The mobile experience, especially on iOS, is atrocious and unusable. The news that is aggregated on each company page is just bot-spam, with crap like "insider unloads 139 shares" (actually saw this today), with huge news from just days ago getting buried under it. + +I mean, what the hell? How does this happen to a site that gets 30M+ visitors a month? +[https://www.cnbc.com/2019/10/01/charles-schwab-is-eliminating-online-commissions-for-trading-in-us-stocks-and-etfs.html](https://www.cnbc.com/2019/10/01/charles-schwab-is-eliminating-online-commissions-for-trading-in-us-stocks-and-etfs.html) + +&#x200B; + +With Schwab going commission free, will you be moving assets over? Is there any benefit to Vanguard over Schwab if Vanguard ETFs can be bought/sold for free at Schwab? +Lately ive been following Iconomi's platform as well as the the ICN token and I find it very interesting that there is very little talk about the accomplishments of the platform and the undervalue of the token compared to the X number of shitcoins out there. I feel that the ICN token is one of the few out there that is actually backed by something thats delivering. +Any thoughts? +TLDR: The Atlantic says the top 10% in wealth is the new "aristocracy." Financial Independence is neccessary to retire early, but FI's relative importance is increasing. Future adults with no resources will start life in a deeper, almost insurmountable, financial hole. The current socio-economic trends support working longer to build up greater wealth for future generations of your family. Agree or disagree? If true, would it affect your FIRE plans? + +********** + +I read an Atlantic article yesterday titled "The 9.9% is the New American Aristocracy." Based on this and many other books and articles I've read about inequality, I believe generational wealth is becoming increasingly necessary to maintain a family's standard of living in the US. + +There are three major costs that are increasing faster than both wages and inflation - healthcare, college education, and real estate. (Real estate is location dependent, but the real estate located near lucrative jobs is what's rising faster than inflation, thus creating a wage/location dilemma.) + +Financial independence is neccessary to achieve before retiring early, but its relative importance is increasing. The current trends support working longer to build up greater wealth to preserve for future generations of your family. Let me put it this way: without family money, your child may start off in a financial hole they can't climb out of. + +Do you agree with this argument or not? If true, would it affect your FIRE plans? + +Notes: + +Here's the Atlantic article: https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/ + +There are tons of articles about inequality on the web. Two that I like are Slate's "The Great Divergence" from 2010 and Pew's "The American Middle Class is Losing Ground" from 2015. + +Some books I've read about the consequences of inequality (from the political left and right!) include "The Social Animal," "Average is Over," "Coming Apart", "Our Kids," "Dream Hoarders," and "Uneasy Street." Interestingly, the word "meritocracy" was popularized by the 1950s British novel "The Rise of the Meritocracy" which was actually critical of meritocracy as a social order. +Brain so smooth you could use the surface as a mirror in the James Webb telescope. + +&#x200B; + +Nobody knows what will happen when we register the float, but to me the most obvious initial outcome is going to be what we just observed with Ally and Apex. **They deny our requests.** + +&#x200B; + +It may be we are actually really close to locking up the float so this is a pre-emptive move to stop us or slow us down before someone has to step in (e.g. share recall by Gamestop?), but why did we think they were just going to let us bring to light their corrupt system without any interference? + +&#x200B; + +DRS IS WORKING. +My wife and I have always wanted to live in the country and now that we're empty nesters we found and purchased the perfect land that's about 45 minutes outside of our major (midwest US) city. It's well over 100 acres with a private lake and we're planning to build a home that's around $2m. I know this doesn't seem overly excessive, but in the entire county that we're moving to I can't find a single home that's valued over $500k, so we will definitely be "those people" when we build and move out there. We're paying cash for everything and it's going to be our forever home so we have no concerns about the resale or appreciation issues. + +I've been struggling to find people to talk to about this, but I'm genuinely concerned about issues related to being "those people" in a community like this. We're not trying to impress anyone or be anything special, but we've always dreamed of doing this and worked really hard to make it happen. I'm curious if any of you are further down the road in a similar situation. Have you run into any issues? Has the community accepted you, or are you outcasts? +How much does this corona-virus correction (potentially bear market by the end of the week at the rate we are moving down) make you second guess your decision? Would you have went into retirement with different allocations? Making any changes now or riding the roller coaster? +This question is for those of you who are already Fat but continue to work. Why do you do it? How old are you? What is your NW? When do you plan to stop working? + +I am currently semi-fat ($5.5M, 30 year old male, SE USA) and still working. I’m asking because I’m not really sure why I still do other than family health insurance and to keep busy/learning. +Anyone having issues with USD withdrawals from bitfinex? + +I Tried withdrawing low 6 figure $ from the verified account (didn't have issues before). Bitfinex tried to process it on 2 different occasions and failed to do so. It's been over 2.5 months and I still haven't received my funds nor a refund. My support tickets and emails are being ignored for 3 weeks. Was anyone able to withdraw $ from bitfinex recently? + +https://i.redd.it/h5scbg2z49921.jpg +Pretty much what the title says. I totally hate the experience of having to transact, from the Metamask interface to not knowing that gas price to use (no matter what gas price I entered, 3 to 7 it doesn't go through), transactions not going through, etc. Absolute shit experience. +It's hilarious to me how people here, living in the crypto bubble, expect that vast majority to adopt the tech and use payments, when just acquiring and making a transaction in Ether is an absolute nightmare. + +FINAL UPDATE: I've learned thanks to u/There_are_no_gods slapping my brain with the wrinkle brick that the registry only shows Cede & Co along with direct registrants; NOT Street name like my assumption. Ergo, only shares oustanding, not total number of shares in existence. I do not want to drop $510 on court fees to find out the current percent of DRS'ed shares. (Though will chip in if someone else wants to.) For now, I'll shut up and wait for RC's next move. If anyone wants to pick up the legal torch, we also have the right to request any documents listing the total number of votes received for the board election - however that is not cut and dried and will require a lawyer for even a chance of getting it. Good work apes, we found a dead end for proving the thesis. Back to the drawing board. + +UPDATE EDIT #2: 10/1/21 According to USPS, the letter will be delivered by 9PM. Once that happens, the clock starts for another 5 business days. Assuming I won't hear from them, I'm setting up an interview with a Delaware attorney to discuss having them file for me - there is a method for combining claims like this which would reduce costs of each of us filing separately. I'll put up a post with an all call for those want (and have been ignored 6+ days) to join in a couple of weeks. + +UPDATE EDIT #1: No response. Sending a notarized, certified letter today 09/24/21. + +[https://www.reddit.com/r/Superstonk/comments/nptiio/gamestop\_shareholder\_list\_the\_final\_catalyst/](https://www.reddit.com/r/Superstonk/comments/nptiio/gamestop_shareholder_list_the_final_catalyst/) + +Months ago at the annual meeting a lot of chatter went on about the shareholder list. See the linked DD above - it's not my work but worth reposting especially now. + +Now, don't get me wrong, I really don't want to see each and every ape sending the IR team an email asking for documents. I *do* want to see that registry, though and haven't seen anyone post about it here or on the verdant sub. + +So, I sent IR an email explaining who I was (a shareholder) with proof (a pdf of my Computershare account) and purpose (the shorting alluded to in the SEC filings could have a material impact on my investment.) I also mentioned that in the case of health concerns because of the pandemic, I would reimburse them for a reproduction of the list. + +Now pursuant to Delaware code 8§220, this request needs to be done in a "written demand under oath". So I fully expect to be ignored as this was an email and not a notarized affidavit. Regardless, it's worth trying once. Go ahead and Remindme bot for 7 days as they have 5 business days to respond and I sent it after hours on a Thursday. + +When (If) it fails, the next step is to 1) find a Delaware ape 2) Write this letter on a dead tree 3) Get it notarized 4) File it. + +I could probably do it, but I'm not from Delaware, and if we're going to go to all the trouble of increasing our carbon footprint we might as well do it with an ape that has standing *for real.* There is an entire legal process that would be pretty easy to win if GME didn't respond to the dead tree version. (For the record, I am not a lawyer, but have done this kind of thing on my own.) + +It is my dearest hope that someone from the IR team sees this: **apes now have the legal tools to get that registry.** If I figured this out, I'm sure hundreds of other apes have already tried this week. I'd be shocked if there isn't registered mail landing in the office tomorrow. The documents that would prove apes own the float cannot be denied to apes for much longer now that Computershare is in play. Let's see those numbers! + +EDIT: Well that blew up! Thank you to all the Dela-wApes for volunteering. I think we have a phase 2 ready to go! + +EDIT 2: Wow, thank you for all the awards! Quick shout out to u/ajquick, u/delawarestonks, and u/shaded_in_dover for their work, volunteering, and creepily prescient usernames. Also, to clarify: I'm not even sure I could publish the information though I am allowed to make a copy for personal use. I swear on my grandma's okra pie I would not dox anyone if I can publish. I only want that total number of shares tally. (Even if it's as of the 4/15 date for the last proxy vote.) I've put a comment below that's WAY too long explaining my reasoning and expected timeline for those that are interested. + + +Hello, + +Some time ago I wrote the article “Pair trading died - hello massive trading” [https://www.reddit.com/r/algotrading/comments/lgpjw0/pair\_trading\_died\_hello\_massive\_trading/](https://www.reddit.com/r/algotrading/comments/lgpjw0/pair_trading_died_hello_massive_trading/) + +From then, I changed the trading model, collected good quality data, that can be used as a proof of concept for the algorithm (Nasdaq Basic Feed ticks). Data collector used C API and developed on C++. It is required that we host a server next to where we are trading, and a rack cross connected to the market data provider as well as the exchange to give us an optimal edge in entries / exits (NYSE). This is a continuing project and a little more work from another Quant / Support and Development Funding is required to release this algorithm to the live environment, but the base of algo made already. + +The algorithm calculates best possible basket from all USA stocks and the base idea is to be a market maker holding a major basket. We use 100 top USA stocks from SP500 index by capitalization. We than create a market neutral composite and then trade it with a lower risk intraday without holding the positions after the market close. + +I enclosed pictures with PnL. In this example we use $250,000 USD as trading capital and 0.003 per share fee. I know that it’s possible to get a better fee if we work with exchanges directly as market maker, and this will be our target once we start live trading. As you can see, in the first hour we calculate the model’s variable and then apply it for trading. This is not “in sample holy grail”. Pure mathematics are put to operation without the use of ML/AI etc. My opinion and experience show that ML/AI can’t pass cross validation. + +About running this algorithm live: I’m not sure that it’s possible to execute this live via IB or another retail trading platform that supports API. The algorithm will need extensive work with limit orders and exchange report info. We have tested a 101-stock basket and it generated 65-70 million in volume daily for $250,000 trading capital. It’s even possible to use 250-300 stocks and 10-25M trading capital volume of market data, report info and limit order management will crash any retails platform. + +Now we are looking possibility continue research and development work with a private or small hedge fund team. Head office place is in Australia and another team Europe. Our team has over 10 years algorithmic trading experience specializing in high frequency trading and quantitative ideas. + +As this is one of the highest forms of intelligent black box algorithms expenses must be considered. Expenses to consider: Development Expenses, Management Expenses, Support Expenses, Server Expenses, Market data Expenses. A rough estimate of expenses may vary from $25,000 on-ward. + + +Regards, +Eugene. + +&#x200B; + +[Basket from 101 stocks. Traded capital $250,000 usd. Fee 0.003 usd per share.](https://preview.redd.it/1fzgwpnzzrr91.png?width=974&format=png&auto=webp&s=08d59c6b7b2326e3e2b9133d9f2aa03a0fcd1249) + +&#x200B; + +&#x200B; + +[Basket from 101 stocks. Traded capital $250,000 usd. Fee 0.003 usd per share.](https://preview.redd.it/lhsebs450sr91.png?width=974&format=png&auto=webp&s=2a4c9c24815108edfa63778e2f23fcde0ba3a87b) + +&#x200B; + +&#x200B; + +[ Basket from 101 stocks. Traded capital $250,000 usd. Fee 0.003 usd per share.](https://preview.redd.it/2tu5gyq60sr91.png?width=974&format=png&auto=webp&s=83884897d7f8706fbea5b1ccd7b869fb8e3b89c2) + +&#x200B; + +[Basket from 5 stocks. Traded capital $250,000 usd. Fee 0.003 usd per share. As you can see algo unstable for 5 stocks model. Pair trading of course will not be tradeable. ](https://preview.redd.it/0gkodhs90sr91.png?width=974&format=png&auto=webp&s=6c6e903d8b0c3cfdce3fc949218bc43a1452e29b) +Consumer brands are competing with each other on store shelves and online, with (as the WSJ article below notes) the most notorious example being Gillette competing with Dollar Shave and Harry's. That's just one example. Of course other sectors have been always cutthroat (grocery), while others not so much (pharma)... so far. In the blog intro to this, one exec stated the big brands are now all bound and no pricing. With even more online comparison tools coming up , what effect will this have and will it eventually overtake other sectors (like pharma I mentioned before)? + +https://www.wsj.com/articles/big-brands-struggle-to-raise-prices-1524127782 + +Note I was going to post on r/economics but looking at what this will do for stocks (US and international) .... though general economic impacts are ok too. +Hi, + +I'm fairly new to the world of investing. I'm 28yo spanish with but residing in Germany. i've been reading a lot about ETFs, index funds and passive investment in general. I've been putting my portfolio into place and I would like if you could comment on both the porfolio and the strategy: + +I will be investing 1.000 euros each month in DEGIRO with the following ETFs: + +Distribution | ISIN | Name | TER +--------------|------|--------|------ +85%|[IE00B4L5Y983](https://www.justetf.com/de-en/etf-profile.html?query=IE00B4L5Y983&groupField=index&from=search&isin=IE00B4L5Y983) | iShares Core MSCI World UCITS ETF USD (Acc)|0,20% +15%|[IE00B4L5YC18](https://www.justetf.com/de-en/etf-profile.html?query=IE00B4L5YC18&groupField=index&from=search&isin=IE00B4L5YC18) | iShares MSCI EM UCITS ETF (Acc)|0,18% + +DEGIRO gives 1 transaction per month free, so my strategy to minimize fees would be to invest in Emerging Markets once every 3 months and use this as a rebalance of my portfolio. So for example: + +- Month 1: 1.000 euros into MSCI World. +- Month 2: 1.000 euros into MSCI World. +- Month 3: 550 euros into MSCI World + 450 euros into Emerging Markets (with a comission). If I see a unbalance of my portfolio I can use this month to keep the 85-15 ratio. + +What do you think about this? + +And one last thing. It's recommended to invest in fixed income as they're not affected by what Stocks are doing. But from what I've seen. Most of the securities, when putting in the comissions, I end up losing money, so isn't it better to leave it at my bank account? (At least the amount that the European Union safeguards: 100k) + +Thanks so much for the help. +Hi, +I wanted to invest in a renewable ETF and wanted to know your opinion on the two fastest growing ones. + +iShares Global Clean Energy is the biggest one, has been around for more then a decade and seems to be a solid bet. However, I stumbled upon L&G Clean Energy. The ETF was created less then half a year ago and seems to be more balanced (more companies from different sectors) than the iShares one. Also the fund is accumulating which I prefer. So all signs point towards L&G, am I missing out on anything I should be aware of? + + +Greatful for every reply, have a nice day everyone. +Hello! + +I'm not originally from Europe and many aspects of financial planning and investment are different from my home country. + +I'd like to ask for suggestions on podcasts, YouTube channels or even blogs that I could read on my free time. + +I know a few YouTube channels but they are not even close in quality to USA related content. + +I prefer YouTube or podcasts so I can do other stuff while listening. + +I appreciate your suggestions. + +Edit: typo +Hi, I am in my early 20's and started investing approximately 2 years ago. My horizon is at least 20+ years. Recently I have been thinking about whether it is even worth trying to learn stock valuation and stock-picking or I shouldn't bother with that and just go full-on index investing and have a clear head and more time for other stuff. + +I know all the stuff like Buffet's bet against hedge funds and that 95% of investors (not to mention retail investors) don't beat the market. But I bet a lot of investors have that feeling that they can be the 5% beating (same feeling that I can be the one who beats casino). Do you fight with this feeling? How? + +The last thing is that I somehow feel that index investing is mundane and boring and that investing my money should be somehow more interesting. Do you also have that? How do you fight this? + +Thanks! + +&#x200B; + +edit: Thank you, everyone! You confirmed my opinion that it's easier to just index-invest and try stock-picking with a small amount of money and only when I want to and have time for that. I think you can go all-in index-investing and have time for normal life! +Last week I had an interview with a company based in Switzerland. The HR rep. asked me to start think about what salary I would be asking for. I have no idea. I do not know anyone working in Switzerland, so I was hoping someone here might have some general insights that could help a bit. +I have 5 years of experience in industrial research and applied deep learning including my PhD. + +Edit: I did google in advance of asking and got some numbers to go from, but I was hoping someone here might have more concise information in relation to the specific job role and experience. +Hey everyone, + +I hope you are well during these difficult times. I am part of an Irish organisation called the Irish Savers Action Group (ISAG). We are campaigning on behalf of Irish savers on a number of issues. Our first major objective is to try and get political parties in Ireland to support the creation of a savings and investment scheme. We're hoping for something similar to the UK ISA or the Swedish ISK. + +As it stands, saving and investing in Ireland is less than ideal. Regular savers are not able to take full advantage of compound interest in order to slowly and surely build up wealth. I have linked the original pitch for ISAG below: + + [https://www.reddit.com/r/ireland/comments/gv3j0m/call\_to\_action\_for\_the\_rireland\_community/](https://www.reddit.com/r/ireland/comments/gv3j0m/call_to_action_for_the_rireland_community/) + +I was hoping for your help as part of my investigation into what options are available in other European countries for regular savers. I am interested in saving schemes outside of pension schemes. + +For instance, as someone who has worked in the UK, I could give a brief summary of the UK ISA: Savers are allowed to save and invest up to £20k per year. The interest and earnings on these do not accrue tax. They can hold savings and investments in a number of accounts (up to £20k in total) with suitable providers. + +I've done some research on my own, but it would be great to get the perspective of those who live and invest in other European countries. What are the positives and negatives of the savings scheme in your country? What is the savings/investment environment like? + +&#x200B; + +Please feel free to follow us on Twitter and support our journey. + + [https://twitter.com/IrishSaversAG](https://twitter.com/IrishSaversAG) +Hi there, + +For the last few weeks I've been researching EU based alternatives to US based ETFs, and this is what i came up with (and fees). + +What do you guys think? Do you have better recommendations? + +I'm still looking for alternatives to **VNQ** (real estate), **VYM** (high dividend yields) and **VTI /VTSAX** (total US market). + +**VUSA** \- european S&P500 - 0.07% - alternative to **VOO** + +**VWRL** \- Vanguard FTSE All-World UCITS - 0.22% (or **IWDA**, which has 0.20%) + +**ZPDD** \- SPDR S&P U.S. Consumer Discretionary Select Sector UCITS ETF - 0.15% - maybe alternative to **VDC** + +**ZPDT** \- SPDR S&P U.S. Technology Select Sector UCITS ETF - 0.15% - alternative to **VGT** + +\- and a leveraged one for good measure: + +**DBPG** \- Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C - 0.6% +Hi everyone, I am planning on investing long term 20+ years for my child. Starting with 1000€ and adding 100€/month. +What's the best option out there ? taking into account the increasing instability of the world we live in (climate change, wars, pandemic, etc...) +Long-time lurker, first time poster. Glad to be a part of this community. + +A domestic help has been working in our house for a few years now. She’s a great fit for the household and we’re now ready to contribute towards increased financial security for their family. + +- We have given her a raise this month. +- We frequently donate old clothes to her and she/ her family use those a lot. +- We donated old furniture to her family. +- We give her a small bonus 3-4 times a year for various festive occasions. +- We also paid for vaccinations for her family. + +I’m looking for suggestions to help her avoid financial catastrophes without saddling her with something she can’t pay if she decides to stop working with us. Private health insurance costs about 10-20k per year for 10 lakhs sum assured. I doubt if she’d be able to afford that if we don’t finance it. + +Her husband is an auto-rickshaw driver and we’re in a tier 1 city. She has two teenaged kids. + +I’m thinking about term insurance, health insurance, some kind of emergency funds/PPF etc. What do you guys suggest? +For all the people holding on to cash hoping the market will crash since the economy is struggling....here's an interesting read. Here's why predicting short term performance only basis Nifty PE is extremely difficult. + + +https://www.livemint.com/money/personal-finance/why-are-markets-happy-in-these-troubled-times-11578990276315.html +Stock is down almost 20% today.. Its India's best NBFC yet is taking a complete crashing.. is there any additional news I missed, apart from the corona crisis? +**TLDR** + +* MPC vote was 5 to 1 for rate cut quantum; unanimous for concept of rate cut +* **Reverse repo is 3.35%** +* Repo rate is 4% +* Inflation outlook is uncertain +* FY21 GDP growth expected to be negative + +Edit: The statement is at: [https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR239109AC3CAC0F874527895214BDF9E76BF0.PDF](https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR239109AC3CAC0F874527895214BDF9E76BF0.PDF) + +**Some stats** + +* 60% of industrial input is from states affected largely +* 36% reduction in capital goods +* 91% fall in finished steel consumption +* Durables fell 30+% in Mar +* Industrial production shrank 17% in Mar +* Manufacturing PMI was 27.4 in Apr; services PMI was 5.4 in Apr +* **Agriculture went up 3+%** +* Summer sowing is up by more than 30% from last year +* Expect improvement in farm income +* Partial data released by NSSO on inflation has mixed signals in inflation +* Merchands exports reduced by 60+% in Apr; +* Forex reserves up by 9% - USD 487 billion + +**Outlook** + +* Inflation outlook is uncertain +* Measures suggested to hold down food prices +* Fuel bills expected to be soft +* Headline inflation may remain in 1HFY21; and fall in 2H below 4% +* Growth outlook risk judged to be the gravest +* Fiscal, monetary and admin measures expected to help gradual revival in 2HFY21 +* **GDP growth in FY21 expected to be negative**; more specific projections would come later +* "We may stumble and fall, but would rise once again" - Mahatma Gandhi +* Essential now to instill confidence + +&#x200B; + +**Regulatory and Policy Announcements** + +* RBI continues to be careful; level of vigilance is quite high +* RBI has announced policy measures at many levels +* Bank transmission of rates has improved; details would be available soon in RBI website +* Measures - Market functioning, Support export and import, Debt Servicing, Help for state governments + +1. SIDBI credit extended for another 90 days +2. FPI - Additional 3 months to fulfill commitment requirements +3. Export credit - Pre-shipment and post-shipment credit extended to 15 months from 12 +4. EXIM Bank - New line of credit of 15,000 crore for 90 days, roll over to 1 year +5. Importer support - Outward remittances for normal imports can be done for 12 months +6. **Moratorium (in 6 areas) - Term loan, default classification, etc. - Another 3 months till end Aug** +7. Lending institutions are permitted to restore margins for working capital to original levels by Mar '21 +8. Convert accumulated interest in WCF into a funded interest term loan - Basically deferred interest can be paid back over time and by Mar '21 +9. Group exposure limit of banks increased from 25% to 30% +10. Withdrawal from Consolidated Sinking Fund (CSF) - norms relaxed to deal with redemptions in market borrowings + +Conclusion + +* Central banks are seen as conservative +* But they take necessary measures when needed +* Would take whatever measures are necessary +* "Would be in battle readiness" - use existing instruments and fashion new ones + +&#x200B; +https://www.cbsnews.com/news/health-care-administrative-costs-largest-area-of-waste-in-healthcare-spending/ + + +Waste in the U.S. health care system ranges from $760 billion to $935 billion per year, or more than total annual federal defense spending, according to a new study. + +Administrative activities account for the largest source of needless spending, followed by inflated and opaque pricing. + +"The prices of health care don't reflect what would happen in a competitive market," one expert says. +Last September my girlfriend bought a 2008 Nissan Sentra from a shady used car lot in Latonia, KY (Time Auto Sales, avoid this place like the plague). They absolutely took advantage of her lack of information about cars/financing at the time and hosed her on a car loan. I wish I would have known her at the time and I would have strongly advised her against doing business with these shady used car lots, let alone purchasing this car. The car was in decent condition but had 100,000 miles on it, they sold the car her for $10,148 (which is more than TWICE what the car is worth) and financed it at an APR of 19.5%, bringing the total to $12,821 with interest. She is to make 128 payments of $100 until February of 2020, this equates to nearly $400 a month which is nearly a 1/3 of her income. To state the obvious, she cannot afford this. I make decent money and I would struggle to afford this. I don't know anyone whose monthly payment is this outrageous for a car, and if it is they are driving a high-end luxury car. She has been paying on the car for nearly a year now and still owes around $7.5k. + +We have looked into refinancing the car with Navy Federal (she is active Army Reserves), but they will not give her a loan because her payoff amount is more than what the car is worth (they valued the car at about $4k in its current condition). The car has about 136k miles on it and is starting to rack up some maintenance costs. The muffler is rusting out (this was something that was not disclosed to her at the time of purchase) and she is going to need her front breaks done soon. I am afraid she is going to be stuck in an awful situation where her car isn't going to last much longer and she is going to be on the hook for the payoff amount of her loan with no car to show for. + +Besides refinancing, does she have any other options? I know there are some crafty and savvy redditors our there, I would love for your advice/take on this situation. Thanks in advance! + +EDIT: I appreciate all the constructive feedback! I realize my girlfriend made an awful decision and I am not denying her ownership of what she did. After coaching her up, she now understands the significance of her mistake and the financial burden that it is weighing on her. + +I am going to have her start with reaching out to her chain of command at her reserve unit and see if she can get pointed in the right direction. In the meantime, all she can do is try to get this thing paid down and keep up with the maintenance on her car, this will require her to work more hours / pick up a 2nd part time job but she has to do what it takes. + +As a side note her ETS date is this September. She is considering re-upping her reserve contract for 3 more years and that comes with a 10k signing bonus, so this could potentially help. + +Again, I appreciate all the feedback, awesome community! +Wow! Vanguard is growing at an impressive rate (8.5x as much money invested in Vanguard funds as in all other mutual funds combined in the last 3 years): https://mobile.nytimes.com/2017/04/14/business/mutfund/vanguard-mutual-index-funds-growth.html +https://www.zillow.com/homedetails/0-Wohoa-Bay-Island-Addison-ME-04606/2069912627_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare +This house is my first rental and Im working with an agent to get it under contract now. I need a loan of $22,500 and have spent the last 5 hours trying to get it, but I haven't found anywhere that will bite for such a small amount. HELOC is not an option for me, not a big enough loan for Pledged Asset line of Credit, personal loan rates are too high to make the numbers work. Do you guys have any suggestions on getting funding for such a small amount? +I am not currently a host but I'm in a FB group tailored to host and apparently Airbnb did some update a few weeks back and people all over are freaking out about how their booking dropped.. a lot of people who were allegedly booked at 80-90 percent aren't seeing any activities for days... As a software engineer I can see this being a dev phuck-up... + +Nevertheless, I had intentions to go into short term this fall but now I'm second guessing... If super hosts are struggling imagine investing $$$ in furniture and time to only get bad results... + +I was thinking maybe arbitrage... Connecting with an already super host and do a split. Anyone want to share their experience this route... The good, bad? +In other words, what gives you the best ROI when it comes to rehabbing/renovating. + +I'm assuming there are certain improvements that won't really increase your potential rent or selling price. Any of those you would avoid? + +And of course, different demographics are looking for different things, so I guess it could depend on who your target market is, and where you're located. Also buyers and renters tend to want different things, so depends if you're flipping or renting out. +Just curious does anyone give there tenants gifts for the holidays? I typically give a $25 gift card to Amazon or Dunkin’ to my tenants that pay on time and never give me any problems. +Guten Morgen to this global band of Apes! 👋🦍 + +This week is anticipated my many to possibly be a turning point in how people view the way the markets are structured, and how the large institutions rig it against retail traders and vulnerable companies to increase their own profits. Many of us are eagerly anticipating the advocacy campaign that u/dlauer has mentioned, as well as the Jon Stewart piece and upcoming documentary. I may have originally started HODLing GME for the MOASS reason, but over time I've come to greatly appreciate the strength of GameStop as a company and also hope that HODLing helps lead to structural change and real repercussions against the criminals who have abused the system so severely. Our Diamantenhände are stronger than ever, and prepared to see this through. + +Meanwhile, the Russian economy continues to crater, possibly leading a tidal wave of impacts across the world economy as large holders of Russian bonds are suddenly forced to recognize the value of those bonds as zero. Several weeks ago we watched as Kenneth Griffin's plane flew to Finland, very near the Russian border, with some speculation that there was a physical handoff of digital assets for safe storage... in Russia. What a mess this could turn out to be if Kenneth Griffin's emergency plan is now locked away in a country under heavy sanctions, where accessing such stored assets would violate the sanctions. + +Today is Monday, February 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: **$117.02 / 104,34 €** *(volume: 1314)* +- 🟥 115 minutes in: $117.01 / 104,32 € *(volume: 1304)* +- 🟩 110 minutes in: $117.08 / 104,39 € *(volume: 1303)* +- 🟥 105 minutes in: $117.07 / 104,38 € *(volume: 1262)* +- 🟥 100 minutes in: $117.11 / 104,41 € *(volume: 1261)* +- 🟥 95 minutes in: $117.14 / 104,44 € *(volume: 1261)* +- 🟥 90 minutes in: $117.31 / 104,59 € *(volume: 1245)* +- 🟥 85 minutes in: $117.42 / 104,69 € *(volume: 1076)* +- 🟩 80 minutes in: $117.50 / 104,76 € *(volume: 1057)* +- 🟥 75 minutes in: $117.19 / 104,49 € *(volume: 1051)* +- 🟩 70 minutes in: $117.46 / 104,72 € *(volume: 1030)* +- 🟩 65 minutes in: $117.43 / 104,70 € *(volume: 1004)* +- 🟩 60 minutes in: $117.42 / 104,69 € *(volume: 1004)* +- 🟥 55 minutes in: $117.32 / 104,60 € *(volume: 981)* +- 🟩 50 minutes in: $117.49 / 104,75 € *(volume: 978)* +- 🟩 45 minutes in: $117.43 / 104,70 € *(volume: 972)* +- 🟩 40 minutes in: $117.36 / 104,64 € *(volume: 888)* +- 🟩 35 minutes in: $117.19 / 104,49 € *(volume: 878)* +- 🟥 30 minutes in: $117.11 / 104,41 € *(volume: 876)* +- 🟩 25 minutes in: $117.24 / 104,53 € *(volume: 820)* +- 🟩 20 minutes in: $117.07 / 104,38 € *(volume: 700)* +- 🟥 15 minutes in: $117.02 / 104,34 € *(volume: 578)* +- 🟥 10 minutes in: $117.15 / 104,45 € *(volume: 574)* +- 🟩 5 minutes in: $117.25 / 104,54 € *(volume: 366)* +- 🟥 0 minutes in: $116.95 / 104,28 € *(volume: 295)* +- 🟥 US close price: $118.58 / 105,72 € *($118.20 / 105,39 € 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 1.1216. 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, I've been looking for a house to buy for three months, and had an offer accepted recently. Last Friday, my solicitor informs me that the property's solar panels are not owned by the seller. They're leased, owned by a third party that gets a cut from the profit from the electricity generated by those panels. Because the paperwork on the lease looks dodgy, my solicitor is advising me not to buy that property and there will be additional legal costs. +I'm thinking of renegotiating the price down with the sellers, first because there was no mention that the panels didn't come as part of the property, second because I might have to pay for additional legal costs. Additionally, I don't want to inherit any leasing contract, so I would like for the seller to deal with that issue. Since this is the real world, I know I won't get all of what I'll ask for, so I'm asking this sub what you think of my thought process and if you've faced a similar situation when you bought a house. This is also allowing me to vent and I already feel better for just writing this. + +Tl;dr: found out the solar panels on a house I'm buying are leased. What should I do? + +EDIT: Thanks for all your comments. This was really helpful. I think I'm ready to give up on this one. This is too big a purchase to have buyers remorse later. +Forgetting about state pension. + +Assume I’ve built up a £400k pot in my pension over a lifetime. Then, I turn 65. I retire. I want to take payment each month rather than any lump sum. + +Then, 6 months later, I die. + +Where does my pension go? Do I lose it? Does the pot belong to me and that’s final? Or, does the pension company get it because I died so soon after retirement? + +Let’s assume I have a girlfriend and 2 kids and request that all my assets get all given to my girlfriend (who can then will them to the kids). +I'm a 17 year old girl. I have a job, and checking account, and a savings account. My only problem is that all my money can be accessed by my mother. She's horrible with money, along with things, and is always messing with my money whether it being needing to borrow money all the time or just taking my money. If i don't want to give her any she either guilts me into doing in or take my money via the capital one teen money account set-up. I'm trying to save up for college application fees, a car, and stay on top of paying for my cats health insurance while having some type of disposable income. How can I keep my money safe from her and stay on top of paying my bills on time? +I wasn't sure whether or not to flair this as housing or planning. However, next year I'll be 19 and due to some personal matters I'll be moving out with 3 of my close mates. We're all relatively responsible and by then we'd most likely be cumulatively earning \~150k per annum. We were planning on renting an $800 p/w house. Since I'm naïve, I feel like there'd be no issue in the matter. It'd be easily affordable, and there'd be zero downsides involved. It's just, I feel like it's too good to be true. Having "zero downsides involved", therefore I'd hope someone can pitch in 2 cents and enlighten me on matters to be careful about. So I guess my question is, what are legal/financial things I should take into account? I currently live with my mum and have no knowledge on housing. Would it not be as simple as paying $200 a week, buying groceries and the occasional electricity/water bill? + +### +A lot of us who do not own a house dream of having their own house some day. But that dream is so hard to acheive these days without inheriting a lot from your parents. + +Imagine being able to earn more than the average wage of your country. Imagine you would save 20% of your salary every week. Imagine you could afford a house with those savings in 5 years in your country. + +Sounds ridiculous, isn't it? Well, it shouldn't have been! + +The property price is growing at a ridiculous rate. However, the salary and wage is growing at such a slow pace. For a GenZ like me the dream of owning a house is a long long way out. + +It feels the system is designed in a way where people can be controlled better by keeping us in debt. + +Our only way out seems high gains from assets like Cryptocurrency. Because no way can we afford our dream of a nice little house with our everyday wage. + +People say Crypto is risky. However, I believe Crypto gives a lot of us a shot to the future we deserve. Crypto, for many, is all we have. + +It does not matter what coins you are into. We all are here to make our lives better one way or the another. We might not have made it. But we are atleast trying in our own ways. And, for that, we all need to be proud of ourselves. +I just finished my car payments. On a line cook’s salary these last 4 years has been really difficult to stay above water. I’ve been working hard on frugality from extending soaps with Borax, to learning to make everything I’d want to eat at at home with my skill set. Now I have some breathability to start knocking out some credit card debt and fixing some minor car issues. + +But today I celebrate getting the biggest leech of my back. +[Link to article.](https://www.reuters.com/technology/buy-now-pay-later-surges-third-us-users-fall-behind-payments-2021-09-09/) The latest survey found younger consumers were more likely to miss payments. More than half of Gen Z or millennial respondents-- those born between the early 1980s and mid-to-late 1990s-- said they had missed at least one payment. That compares with 22% of Gen X, who were born in the early 1960s to early 1980s, and 10% of Baby Boomers, those born between the mid-1940s and 1980. +First off, I want to say thanks to the people in this group sharing knowledge to new members so that we ALL can all have KNOWLEDGE AND WEALTH. + +I joined this group a few weeks ago to learn about more monthly Dividend producing stocks. Today I picked up $226 collectively on Dividends with PAA (500 shares), SHLX (500 shares), and WES (100) shares. These oil company’s pay out quarterly so this would bring in about $900 to $1000 a year or more with more added stocks purchased. + +Someone recently shared that they wanted to make $1200 a year in discretionary income and so I also added Monthly paYers ...YYY, T, SHPD And GOOD to my portfolio this week. AAPL ( paid out on the 11th) , DVN, LEIDOS and VLO have also been good to me last year as I use DRIP ( a program to reinvest your Dividends for purchase of new stock ) with TDAMERITRADE to ensure I grab more shares of these valuable stocks at varying prices throughout the year. + +If you’re looking for some good dividends please check out the ones mentioned as they just bought me more stock for my growing portfolio 💼 💸 + +My personal goal will be $2000 a year in Dividend producing stock : please Drop your favorites. +What are signs that lead you to selling a dividend company ? Reduction in dividend? Sorry new to this and just want to know what to look for so I am not naive and just buy high yield companies people talk about. I want to be held accountable :D + +Thanks! +Is anyone changing their positions or buying anything different with the looming recession? I wouldn't know where to look for information about recession survival for companies. Any suggestions about where to research or who to look into would be great appreciated. +\[WARNING\] If you've purchased a hardware wallet from a third-party seller, i.e Amazon or Ebay, and it included a recovery seed card with silver foil that you scratch off, MOVE YOUR FUNDS NOW. The device itself generates that seed when you initialize it. If it already exists, then someone has a copy of it. + +This is a 3-4 year old scam that is just coming back around BIG TIME with the influx in new crypto investors. Stay safe out there! +Howdy! Another update in my series of post-FIRE updates, which you can browse if you care to: + +[6 Weeks](https://www.reddit.com/r/financialindependence/comments/6b56jp/wherever_you_go_there_you_are_a_small_observation/) [6 Months](https://www.reddit.com/r/financialindependence/comments/72sek5/six_months_into_my_sabbatical_and_im_the_happiest/) [9 Months](https://www.reddit.com/r/financialindependence/comments/7qm7rn/9_month_sabbatical_update_what_to_call_it_when/) [12 Months](https://www.reddit.com/r/financialindependence/comments/8bi14m/embracing_the_coast_fire_life_officially_ended_my/) + +&#x200B; + +Things have been nothing but interesting in the last six months and continue to unfold in a beautiful, intricate way. I know I can't speak for everyone, but let me start by confirming one thing: + +**Acquiring freedom is the most valuable investment one can possibly make.** It is unparalleled in value. FIRE - and the striving towards it - brings freedom to you in both reduction of stress, influence of others, and the blessing of time (once you get there or in mini-retirements). I know we all know this, but I can speak it truly from the bottom of my heart. I can't believe how much happier, healthier, more fulfilled, satisfied, excited, passionate, and thirsty for life I am after 18 months of freedom. It has taken me this long to get here - one year would not have been enough. I am amazed as I constantly reach new heights of happiness and contentment. + +&#x200B; + +Now that the gushing is out of the way, some details. + +* Currently I'm overspending my SWR by about $500/mo. This is a lot, and a lot more than I thought I was overspending. This is partially balanced out by living cheaply other parts of the year via vanlife and geographic arbitrage, but it's still a pretty big gap. +* Because of the above my portfolio is more or less stable, not really growing despite market gains. This makes me uneasy but definitely buys me some time still to figure things out. +* I'm overspending despite cooking 95% of meals in and shopping frugally, not drinking much alcohol, and riding my bike everywhere. HOW?! Well, I've taken up new hobbies with their myriad startup and ongoing expenses, had to buy furniture and pay rent/utils since I decided to move into an apt near family, and prioritized spending on my health (2 gym memberships, supplements, organic produce, medical care). Could I spend less? YES, definitely. But I'm overall still not spending that much, I'm very happy with my life right now, and I would rather find the income than cut the spending too hard - though I could probably benefit from a more rigorous budgeting approach. +* I'm enjoying running my own business but I am having trouble maintaining constant engagement enough to make it truly successful. This means income is not enough to cover the overspend. Starting to think I'm not cut for entrepreneurship even with my very loose definition thereof but maybe too early to say. The small amount of positive cash flow is a nice perk but the ROI on my time isn't really where I want it to be. Mostly it is a fun creative outlet. +* I'm putting business on hiatus (requires access to specialized equipment) for 5-6 months and traveling abroad. I have a [ridiculous amount](https://i.imgur.com/7qp79Zc.png) of unspent airline and hotel points that are decaying and some were reaching their "use em or lose em" point. So it'll be a cheap trip where I should spend significantly less than what I'm spending now, with 3 months of that time spent living cheaply in LCOL countries sharing expenses with some digital nomad friends of mine. Hoping to bring down my yearly average spend significantly and see how I like living abroad. I am not planning on looking for remote work while there. +* I'm thinking about getting a Real Job in my previous career in 2019. I feel like two years is about the longest gap I can get away with in my field and it would be nice to have 1-2 years of good income to supplement my savings and put me in a more secure position. I feel re-energized enough to enjoy the work if I found the right role and company. +* If I don't do that, I will move back to my current location for the summer next year and pick up my current business again. I think it has potential and could get my income to where it needs to be to keep my portfolio. + +I plan on figuring out what exactly my next steps will be as things unfold in the next few months. So far my strategy of feeling things out as I go and making decisions as the inflection point draws closer has worked so magically well that it's starting to make me feel some woo woo vibes about the universe having a plan for me. + +Now some more bullet points - this time a highlight reel of the amazing things I've been able to do with my FIRE time so far, to ~~make you jealous~~ motivate you to save harder! + +&#x200B; + +* Started focus on physical fitness in 2018. Was skinny fat desk jockey with no strength, coordination, endurance, or self-confidence in physical skills. Down 7% body fat (with visible muscle definition). Sub-60 RHR. Stronger, faster, more flexible, and have done multiple multi-pitch outdoor rock climbs (500+ ft high) - something I would have previously said I would never be able to do. +* Was able to live near family and support sibling during pregnancy and newborn baby phase. Closer to family than ever before. +* Hardcore multi-pronged assault on my lifelong generalized anxiety. Thanks to mantra meditation (1GiantMind app), self-guided work through books and articles, talk therapy (incredibly effective) and improved physical health I am the least anxious I've ever been in my adult life. I've learned so much that has revolutionized how I think about myself, my relationships, and my approach to the world. This is a true gift. +* Went from novice cook to pretty competent - can improv using ingredients, buy things that look good at the farmer's market and cook around them. Regularly receive compliments on being a "great cook" - definitely a first for me. +* Made friends, took amazing road trips, saw great music, enjoyed summertime in nature, read lotsa books, spent less time on my computer and the internet... and did whatever my heart desired every day. + +Thanks for reading. Life is good. See you in six months :) +Approaching FatFIRE (likely within the next few years), and I’m starting to plan ahead for RE based on the excellent advice on this forum. + +I’m interested in buying or building a lifestyle/hobby business for the next phase of life. I’m loosely defining “hobby/lifestyle” business as a platform to keep me sharp/engaged, to employ a few members of the community (possibly a family member or two), and to not lose money. + +I’d love to hear any success (or failure) stories from anyone who has been down this path. Pitfalls to avoid? Lessons learned? + +I’m also curious to hear ideas from the forum for specific businesses that would be worth considering for this purpose. I’m not expecting a passive investment, but I’m also not looking to create a new stressful work grind to replace the old one. + +Looking forward to the wisdom of the crowd. +Listen up, apes. Right now you are winning. You are winning because you hold GME and because others like you hold GME, and NO ONE IS SELLING. + +The shorts aren’t stupid. They have watched us here and on other platforms, they’ve hired the best consultants to analyze us, they’ve probably even run an informal focus group or two. And they have discovered that there is basically nothing they can do to get us to willingly sell our shares for anything under $69,420,000. + +So they have very likely hatched a new plan, a trap for all those red blooded, justice seeking apes among us. They have devised a bear trap to entice us into shorting RH so that they can set up a temporary stock pump that will result in margin calls for anyone short RH. + +And remember 002? You will be margin called and fast. + +And if you are margin called and cannot post the liquidity needed, your broker WILL sell your GME shares. + +Just look at the news. MSM coverage of Vlad’s fuck ups is as refreshing as it is suspicious. Why is this happening? + +To lure you into shorting RH and to force the sale of your priceless GME shares. + +This is not financial advice. It’s only speculation. But my intuition is buzzing on this one: shorting RH is a trap designed to forcibly acquire our GME shares. + +Think twice before you do it. + +Buy GME. Hodl GME. And avoid exposing yourself to any risks that will curtail your GME investment before the MOASS. + +Not advice, just speculation. +Just wanted to give a shout-out to my professor today (teaching a 500 level CS course) who took the first few minutes out of lecture to talk about FIRE. Someone had asked her a tuition related question right before class was supposed to start and she kind of rolled it into a 5-7 minute lesson about the basics of FIRE. + +I thought it was super cool of them to share that since A) they certainly had no obligation to give up class time to talk about it and B) a lot of young folks in there are about to graduate and could really benefit in the long run if they start to apply FIRE related principles straight out of college. + +Edit: thought this sub would find this experience to be an interesting read, my apologies if I wasted your time + +Edit 2: Some of the key points touched on in the lesson for those interested: + + +* What is passive income and what are some methodologies you can use to attain passive income (side projects and the like) +* Invest in yourself, especially at this age and you will thank yourself down the road. A couple of specifics she mentioned were books and online courses. Along the same line she also said that applicable knowledge is super important to being able to get hired out of college, as in pay attention and get something for your money rather than just showing up for the sole purpose of working towards a diploma. +* Consider the marginal happiness acquired when buying "stuff"; as in, there is decreased return in happiness the more things you buy (generally speaking). Buy only the things that truly make you happy and save where you can. +* Take your future self into consideration when molding your financial style but don't to it to the extent that it ruins your present happiness. + + +I recently retired from the military with 100% Veterans permanent disability. My retirement and disability pension alone nets me roughly $84k a year (with $50k being tax exempt). My disability rating also exempts me from paying property tax which in my current place saves me around 7k a year. My retirement benefits provide my family and me with healthcare for a negligible amount. We have two elementary-aged children who have access to my veteran education benefits so their college is taken care of. My wife and I are 38. + +I got a job immediately upon leaving the service as a consultant and I am making $140k a year on that. They match 4% in my 401k so I max the matching. We also top off our Roths annually, we just got back into that a couple of years ago unfortunately after some unexpected setbacks. My wife is a medical professional who has the potential if needed to add another $40-50k annually to our earnings but she has a WFH job making 35K which is much better for her mental health. We pulled our kids into virtual school because of the horrible school district and the lack of private school options in the area. They do a lot of extracurriculars and in our opinion are not being harmed socially. My wife has a master's and is completely capable of educating my kids, and they are thriving currently. We want to send them to school somewhere we have confidence in the district, but that is not a reality in our current geographic situation. We also sold a couple of properties we acquired during my military time. Our current mortgage is about $1200 a month at 2%, however, we want to get out of the area we live in. We should be able to leverage another 75-90k off the sale of the current home (possibly much less if the market tanks but our house will never be a liability unless termites detonate the HVAC and we start making meth downstairs). My current job is not remote, however, my employer is amazing and understands that I will fly in on my own dime to Northern VA when I need to be in. I do a lot of traveling for the business that other workers do not want to do and they are currently happy with the arrangement. I will eventually move out there once I feel like I am not going to be the bag holder for a horribly overpriced home at 7%. + +Total family income of around $250k. + +We have a good bit of savings and investment, mostly from liquidating properties during the last year. We have $100k in cash and another $150k or so in various investments. We have two car payments that total around $1000 monthly. They are very low interest so paying them off is not a priority. Minivan and a small hybrid SUV for context. + +I went from making about $80k to, what a kid who grew up on commodity peanut butter, considers a nearly unfathomable amount of money. I am in an extraordinarily privileged position and my wife and I are still in shock 5 months into my new job. We have always tried to live well beneath our means and I want to continue that trend. My default has always been property investments as they made sense to my lizard brain, but I have very low confidence in the real estate market right now. I have been watching "benchmark" homes in Northern VA and several of them have seen 100K+ price drops over the last couple of months. A couple have sold but most are lingering or popped up as rentals. + +I have always been a sports car enthusiast but the closest I ever got to owning one was a 20-year-old Miata. I caught myself looking at 718 Caymans and almost slapped myself for considering it before I sort out my housing situation. That spurred me to write this first-world cry for help. + +My main goals are to move my family out of the crappy area we currently live in. I want a really nice house, we have always lived in pretty modest dwellings. Moving closer to the job will cut down my travel obligations and allow me to be with my kids more. I only have maybe 4-5 years where they think I am cool so I do not want to squander that time. We considered punting the home purchase and renting but I have two dogs and the homes we applied for have gone with people sans pets. Additionally, we did not want to uproot them and move to another school pyramid in NOVA because we could not find a house to buy in the neighborhood we rented in. Also renting sucks, I have done it and I just feel silly paying $4500-5000 a month while having to ask permission to fix something in someone else's place. + +Literally, any suggestions would be greatly appreciated. +Heavy Minerals Ltd (HVY) + +[TA is horoscopes for men, just enjoy the graph](https://preview.redd.it/2y96izc692091.png?width=940&format=png&auto=webp&s=af8e691e9c6bb32441734a17a412afa87eab42f2) + +**Ticker:** HVY.ASX + +**Industry:** Mining + +**Headquarters:** Perth, WA + +**Current share price:** $0.19 + +**Shares on issue:** 51.3m + +**Market cap:** $11m + +7 Day Return: -19% + +**1-year Performance:** N/A + +Website: [https://www.heavyminerals.com/](https://www.heavyminerals.com/) + +**What they say they do:** Heavy Minerals Limited (HVY) is an Australian based Industrial Minerals Company. The company commenced trading on the Australian Securities Exchange (ASX) in September 2021. Heavy Minerals owns 100% of the Port Gregory Garnet Project in Western Australia. This project includes tenure that borders the GMA Garnet Group (GMA) mine and Resource Development Group Ltd’s (RDG.ASX) Lucky Bay Mine (under construction). These are two of the highest quality garnet projects anywhere in the world. + +Heavy Minerals owns 70% of the Inhambane Mineral Sands Project in Mozambique which has a JORC compliant Inferred Mineral Resource of 90MT @ 3.0% THM. This project borders the Rio Tinto and Savannah Resources Heavy Mineral Sands Projects. + +**What they are doing, basically:** Looking to mine and export industrial mineral sands, specifically garnet. + +**WTF are Mineral Sands?** + +As it suggests mineral sands are old dunes containing concentrated valuable material. This my friends, is the easiest stuff to mine (read: low opex cost). It often occurs close to or at the surface, so you basically dig the sand, put it into a cyclone / separator to remove the valuable heavier minerals, then return the waste sand to the environment. + +[Combing the desert](https://www.youtube.com/watch?v=UQ7TnQBSV00), basically. + +https://preview.redd.it/rdx8jg3d92091.png?width=940&format=png&auto=webp&s=771658bce311840eb63466b43ad34adf14b39415 + +No blasting of ancient rock formations or deforestation. Sand isn’t exactly hard to drill either. Strip ratios? Those are for iron ore, copper and gold peasants to care about, sand is at the top! + +Nothing for greenies to chain themselves to (it’s sand!). Not that the greenies will care - environmental approvals are a formality. With virtually no chemical processes, deep excavation, or large tailings this is about as green and sustainable form of mining as it gets. + +You may read about various minerals in mineral sands projects. Things like Ilmenite (about $375+ USD/tonne, used in titanium consumption and pigment production), zircon (about $2,000+ USD/tonne, used in tile, steel production) and rutile. When a company quotes a % THM, they are referring to the percentage of the sand that contains valuable minerals. These valuable minerals (Valuable Heavy Mineral) are then quoted as a % of the THM. These all have value but for simplicity lets focus on garnet. + +**WTF is Garnet?** + +Garnet is basically a hard mineral that naturally occurs. It is boring. Garnets have been used since the Bronze Age as gemstones for jewellery and ornaments and as abrasives. This is because garnet is a very hard material, with a hardness approaching that of diamonds. Because garnet is so hard and resistant to weathering, it can be used as skid-resistant road aggregate, skid resistant paints, and for filler in concrete being used in harsh environments. It is used in many industries in developing and modern economies which diversifies risk – mostly sandblasting and waterjet cutting, but also abrasives, sandpaper and polishing (including manufacture of precious gems). Garnet is also starting to replace silica in abrasives, because silica is dangerous to workers health in dust form. + +If you want to learn more about it, the government has a good summary [here](https://www.ga.gov.au/education/classroom-resources/minerals-energy/australian-mineral-facts/garnet). But the short answer, and thesis to investing in garnet is this: Industrial garnet is a material that is becoming more in demand, and supply is dwindling. To bet against garnet is to bet the world needs less construction and manufacturing. + +[Note reduction in global production over last 5 years](https://preview.redd.it/fdgqwnll92091.png?width=940&format=png&auto=webp&s=b669cb552730a777df97e504cea94525510c85b9) + +This is where HVY comes in. + +As HVY states they have two irons in the fire: the Port Gregory Garnet Project in WA, and the Inhambane Mineral Sands Project in Mozambique. + +From their Feb presentation on their website: + +https://preview.redd.it/1mgjohys92091.png?width=940&format=png&auto=webp&s=d542aa2a545ad2028bd168e2d2ceba49b9b27189 + +As mineral sands projects, the plan is to mine sand, filter the valuable stuff, put on boat to Asia, get cash. + +Let’s start by just forgetting about the Inhambane project. Ignore those faint waka-waka sounds for now. Let’s say it is worth as much as your most hated Clifford. + +Let’s just focus on the Port Gregory claims. + +https://preview.redd.it/uy4m8phv92091.png?width=940&format=png&auto=webp&s=0a88bacf741e3e8cd5e8a97a403d4604e2cc6622 + +The ‘GMA Mine’ within the green coloured claim belongs to Garnet International Resources (GMA), a massive industrial garnet producer and this mine is one of their largest and most valuable. + +The bit in orange belongs to RDG, note their Lucky Bay mine under construction. Commissioning around July. RDG has cashflow from other activities, but this resource compared to HVY is deeper, more spread out and at lower grades to HVY. This project is not producing yet **RDG’s market cap is currently 14 times that of HVY**. At one point, RDG’s MC was $300m or almost 30 times HVY’s MC. + +Now look at the size and position of HVY’s claim in the image above compared to nearby peers. + +Just focus on the blue coloured exploration area relative to the already established GMA mining operations. This area is what HVY [reported](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02516855-6A1089842?access_token=83ff96335c2d45a094df02a206a39ff4) on in 2 May 2022, perhaps one of the most impressive maiden JORC resources this year: + +https://preview.redd.it/42bqhqr2a2091.png?width=940&format=png&auto=webp&s=ee5d63a22cdd001e3cf061a794e07308b10d434e + +Those sections in purple and pink are what got everyone excited, and by everyone I mean the 20 people who actually follow HVY and read it. Shallow depths, very high grades (90% VHM garnet is extremely high), and nicely concentrated. + +By end of Q3, HVY will release its metallurgy results and scoping study for this project. I expect a major rerate once the financials take shape. + +I think HVY know it will be appealing, given inside buying (remember this is only a $10m company): + +[And not by random idiots either, with Shaw, UBS and Ords Minnett \/ EL&C Baillieu all adding in the last few weeks at a premium to the current price. ](https://preview.redd.it/trp5li54a2091.png?width=940&format=png&auto=webp&s=3b9c418cb2660111739a90c3d03a75be88005d5d) + +**Key positives:** + +· HVY has a massive land claim in a globally significant area, in the right jurisdiction, next to an existing low opex mine, for a product that is becoming more valuable as the Chinese and Indian economies modernise. + +· 60% of the company is all top 20, 16% is owned by directors. Only 40% is paper handed retail. + +· No debt, about $3.5m in cash. + +· Tight register with only 50 million shares on issue. + +· High grade, shallow mineralisation, lends itself to a low-cost mining operation. + +· Garnet is one of those boring minerals that will always be needed. + +· Reasonable chance of acquisition given the financials. However in interviews the CEO has been quite clear the aim of the company is to be a producer, and Port Gregory alone can do that for generations. + +**Key risks:** + +· The market tends to have a low interest in mineral sands. Not as sexy as gold or iron ore, but this can also mean stability in pricing. + +· Resourcing the people to execute. WA is already looking at substantial wage growth and equipment shortages from the big guys expanding their operations. + +· The realised price of garnet may be less than that claimed, particularly if production meets or exceeds future demand. In the slides above they point to garnet as increasing around 9% CAGR over the last four years, and that in 2030 there will be a deficit of 540kt of garnet if there are no new supplies. + +https://preview.redd.it/tt8jgop6a2091.png?width=940&format=png&auto=webp&s=cf121e926877e15d54a1c4482b331ef91e2ea6cd + +· This is a tiny board of only 4, and the CEO is relatively inexperienced being about 15 years out of uni. Fortunately the other three have between 20 and 30 years of experience in mining, financing and geology. + +https://preview.redd.it/z1a5tgj7a2091.png?width=940&format=png&auto=webp&s=e82bb763ae7ad1eb323a5781ec72f453c2f0f6c0 + +**Overall** + +On face value it looks like a little company looking to comb sand for one of the most boring resources out there. But this company is planning to do so in a well established area, has just as good if not better resource than a peers with 14+ times MC, and two internationally significant projects for the net price (MC less cash on hand) of just $7m. + +Plus for free on top of this you get that project we forgot about. Inhambane is adjacent to two global Tier 1 Mineral Sands projects (Rio Tinto and Savannah): HVY has 70% ownership of the JORC inferred 2.7 million tonnes VHM (you know, the stuff currently selling between $375 and $2,000 USD a tonne). + +Worth a punt in my opinion. 🚀🚀🚀 + +Otherwise we can all look forward to all the shitpost memes about HVY bags being heavy. + +**Position** + +50,000 and adding. As usual DYOR GLTAH and GFHC. + +**Would you buy this stock? Why or why not?** Feel free to add your own opinions on HVY in the comments below. + +My first DD on here, feedback welcome. + +&#x200B; + +\* Update 28 May: + +Commentary from FEC: [http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm28May2022.pdf](http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm28May2022.pdf) + +*"Potential economics are attractive* + +*The PEA will provide transparency of the potential earnings stream, so technically one might wait until then before saying too much, but there is no harm in speculating now. We can estimate that a 600 tph operation would involved capex of around $60m. The Resource Development Group (RDG) operation in the same area has operating costs of about A$185 pt fob, comprising $68 pt on-site costs and logistics of $117 pt. If HVY was to experience similar costs of say, $200 pt, and sell for A$500 pt, it could be looking at an operating margin of around $32m p.a. That would mean a capex payback of around two years, which is as good as you can get for this type of project. Compare that with the market capitalisation of $11m today and that looks attractive, even considering that there will be dilution involved in financing the project. "* + +*\[..\]* + +*Rumour has it that GMA is close to exhausting its high grade resource, meaning it falls back to resources grading about 4%. As it accounts for about 34% of global supply at present, the market will be looking for new sources \[Note: in the provided maps look at the HVY claims vs the GMA ones\]. Heavy Minerals may be able to step up to the plate to help fill the gap in supply.* + +*\[..\]* + +*The Bottom Line* + +*There is no premium in the current share price for what could be a simple, long life project selling into a relatively stable market environment. While garnets don’t have the sex appeal of alternative energy stocks, there is much greater certainty in the market of the project economics than with exotic materials. It is the sort of company that you can buy now and sleep at night, knowing that there isn’t the risk of a bubble bursting. That has sound merit, in my opinion. "* +3% drop in GDP this year due to massive power black outs. + +Huge amounts of factory districts are being forced to operate 2 days a week. Impact on global production is ramping up. + +Huge cuts to steel, aluminum and cement production. + +Add on the rolling lock downs and port closures, credit crunch, constant stream of companies leaving China, Evergrande/property developer collapse and inability to access lines of credit, massive unemployment rate 160-360 million unemployed/under employed. + +Also the birth rate has tanked, marriage rate has tanked... + +Shit's getting spicy... maybe this is another soviet union collapse style situation. At least we'll save 90+bn on not having to build submarines lol. + +Either way the implications are fucking massive and rancid. Stock market might be about to get kicked in the fucking teeth. Maybe this will finally pop the everything bubble? Anyone got any spare ramen? + +What do you lot think? + + +Nomura securities in Japan are expecting huge ripple effects. LETS GO CONTAGION LETS GO!! + +[https://www.bloomberg.com/news/articles/2021-09-27/china-s-power-crisis-moves-from-the-factory-floor-to-the-bedroom](https://www.bloomberg.com/news/articles/2021-09-27/china-s-power-crisis-moves-from-the-factory-floor-to-the-bedroom) + +[https://www.abc.net.au/news/2021-09-28/china-power-outages-energy-targets-emissions/100497110](https://www.abc.net.au/news/2021-09-28/china-power-outages-energy-targets-emissions/100497110) +What is the biggest financial regret or setback you’ve had? + +Background: I’m 34, close to fatFIRE, and I may lose $100k from a business deal/scammer business partner. Currently working with an attorney, everyone send good vibes it works out in my favor. Have you ever lost a large amount of money from a deal/investment/property? If so, how did you recover? +Pros + +1. Market leader in India, only airline which has been continuously profitable +2. It had quite large cash reserves before the crisis to allow it to ride this out +3. Indian airline will most definitely continue to grow in long term +4. Current crisis could shutter competitors like Spicejet which were already on the edge and force Tata to exit one of its two airline stakes (Vistara and Air Asia) +5. Increasing international routes +6. No exposure to Boeing Max +7. Known to be diligent and out of the box at cutting costs + +Cons + +1. Main promoters have 37% share each who are at war with each other +2. Allegations of corporate misgovernance. Ironically the fact that both promoters are at odds with each other should keep both of them on their toes and reduce risk of fraud +3. Airline industry is quite difficult in general +4. Very large pending order with Airbus. Needed to refresh anyway but also a risk of overcapacity if the market doesn't grow as expected. Cancellations are quite expensive. +5. P&W Engine trouble history. Although I heard they are changing vendor for newer planes, there a continuous grounding risk from DGCA. i do hope they use the grounded time now to replace all engines ASAP. +2008 - 1 USD = 40 INR + +2018 - 1 USD = 70 INR + +​ + +Average [India Interest rate](https://tradingeconomics.com/india/interest-rate) over the last 10 years is \~6.70% + +Average [US Interest rate](https://tradingeconomics.com/united-states/interest-rate) over the last 10 years is \~0.9% + +&#x200B; + +If you owned 40 INR in 2008 you'd have (1.067)\^10 \* 40 = 76.5 INR + +If you owned 1 USD in 2008 you'd have (1.009)\^10 \* 1 = 1.09 USD + +&#x200B; + +In 2018 terms 1.09 USD = 1.09 \* 70 INR = 76.3 INR. + +&#x200B; + +Did the Indian Rupee really lose its value against the dollar over the past 10 years? What am I missing? + +&#x200B; + +Is reducing the interest rate (repo rate) a good solution to prevent the rupee from falling? Reducing the interest rate may also keep inflation in check. + +​ + The Securities and Exchange Board of India (Sebi) is planning to limit investors’ exposure to shares and equity derivatives in line with their net worth, said three people with knowledge of the development. The move is aimed at preventing individuals from going overboard on equity investments, considered riskier than bonds. + + +Globally, regulators are implementing parameters such as education as filters for investor suitability in relation to risky instruments. However, such criteria are difficult to implement in India, Sebi feels. + + +[source](https://economictimes.indiatimes.com/markets/stocks/news/sebi-plans-to-cap-investors-equity-exposure-in-line-with-net-worth/articleshow/65381833.cms) +DIIs bought more nett equity in the month of march ( 30,303.72 crores) than the previous 6 months combined (26,544.76 crores). I wonder why the DIIs are pumping so much money in a falling market. Any thoughts?? + + [source](https://www.moneycontrol.com/stocks/marketstats/fii_dii_activity/index.php) +Felt good to sniff that green crayon once more today. Something felt different. It was a lovely, bias confirming feeling that washed over me. A lot of things aren't going too great for me, but no matter what happens, I'm gad to be part of it. + +The GameStop Saga is in one of the most unique events in the history of finance. It is the blackest of swans. The strangest of anomalies. + +In the dawn of this New Gilded Age, the clash of advanced high frequency trading algorithms built by psychopaths to exploit emotion VS the brainpower of millions of people focused through the prism of the internet into one girthy beam of light so fuckin' hot and bright it vaporizes corruption like big fucking Eye Of Sauron built by the good guys, like if a hobbit was tasked to build an Eye of Sauron, instead of like, slime-covered Citadel worker-orcs or whoever the fuck built that shit. + +I guess what I'm tryna say is - this shit's going to the moon and Kenny G is an unsophistocated criminal. +Hello, im a college student and recently applied for a credit card at my bank. However, today I received a letter in the mail stating a was not approved for a credit card because I had delinquent activities towards my bank. + +I've never taken out a credit card before so that only leaves my parents who would know all of my information to take out loans. + +After confronting them they admitted to having taken loans out in my name and never paying them back but said they would be willing to help me in recovering my credit. + +How do I fix my credit and is there a way of doing that without pointing fingers at my parents and causing them trouble? + +Thank you + +EDIT: Thank you all for you words of advice + +Please note that I love my parents very much, they have helped me in every possible aspect of my being, and I still depend on them on a daily basis. While I understand what they did is illegal and has screwed me over I do not plan on throwing them under the bus like they did to me. + +After speaking to them they seemed very remorseful and admitted to not being in an economically stable position and were pulling at straws. The situation makes me mad that the only reason I found out was because of I wanted a credit card and not by their own words. Fortunately, they agreed to pay whatever they owe back and to build up my credit. While this may sound stupid I subtly hinted I do want to resort to getting the authorities involved. We will be looking into fixing my credit, it was at a 670 according to the letter my bank sent me so hopefully it isn't so bad. + +Again, thank you all for your advice. + +Hello r/personalfinance, + +I would like to share with you a scam that my roommate almost got himself into, until I talked him out of it and read the email exchange. My roommate is planning on subletting his apartment for the summer, and posted an ad on Craigslist. He got a response the same day from a "girl" from Switzerland. The girl asked him to immediately remove the listing so that he was committed to the deal. She told him she was willing to pay any price, and move in/out on any day. The only caveat, however, was that she would have her boss send him a check for more than the amount for rent and utilities for the entire summer, and then he would send back the remainder. On top of this, she needed the remaining money so she could book her flight over here. This meant he would need to send the money back soon, before he could really check to see if the check clears. She also told him to take as much as he needed, with no real set price, and this was before seeing any pictures of the apartment. + +He thought this sounded totally reasonable, and was about to do it, before I warned him not to and to look into it some more. I knew from reading on this subreddit, that many scams involve sending a check to a person, then having the person send money back before the check completely clears, so thank you r/personalfinance! I am almost positive this is a scam, and wanted to thank you guys, and watch out for this kind of scam for yourselves! + +Over the last 5 months people have been saying a crash or major correction would happen due to all the stimulus money being printed and that there would be high levels of inflation. The cost of everything was going to sky rocket. They were going full Weimer. When once should never go full Weimer. + +If instead the market tanks because states start requiring masks again or restrictions on travel would people like Burry and the other inflation crew admit they were wrong or just continue saying inflation is coming? +I've looked several times for a good program that will make this easy and simple and I end up spending way too much time on it. + +So right now, I have my budget on a Google sheet. + +I strongly dislike this kind of admin, so looking for an elegant solution to keep myself on track, without wasting valuable time and energy. + +Edit: I'm Canadian, so many of the American-only apps aren't an option. +https://twitter.com/timkhiggins/status/984304972442492928 + + +I think NTSB may take regulatory action against their "Autopilot" which will tank their stock price. Tesla may be trying to get ahead of that story by trying to create an narrative around "Autopilot". +Long story short, dude was driving someone else's car without a valid license and rear ended me at a red light because he was distracted. I took pictures of my car and his in the road, then we moved over to a parking lot to call police. He was cited, the owner of the car has insurance and gave him permission to drive so that insurance will pay for my damages. Here's the thing, it's the same insurance company I have so I'm a little concerned about a conflict of interest when I'm talking to them. My car is a 2014 and took relatively little damage. Scratches, scrapes, a puncture to the bumper, and the plastic (?) under part on the bumper is completely caved in. IF it's completely cosmetic and doesn't undermine my warranty or anything (like questionable structural stability and my safety going forward) then I wouldn't be adverse to a cash payout. I plan on having this car another 10 years and I fully expect (living in my ghetto ass city) to get dinged and kissed a few times in parking lots (happened to both my last vehicles). I have an appointment with my insurance guy at a local car place that they chose in like 3 weeks (earliest I could get in) and it's just for the appraisal. He told me that at that time I would get a quote and we would talk about the options, either getting it completely repaired, or taking a cash payout. I have no injuries, my car is completely driveable, and aside from being a huge inconvenience I haven't lost work or any wages or anything. So i'm not looking to boost the payout or get some kind of settlement. The only iffy thing is I had a drink in the cup holder and I didn't realize but it splashed up and hit the roof of my car and stained it a bit (seriously I cleaned it off the seats immediately but how the fuck did it splash 3 ft up lol?) so is that even worth mentioning? My car was relatively spotless before this. What do you guys think I should do? What questions should I ask? Should I take it in to a local place and get an opinion before going to my insurance peoples place? It goes against my personal beliefs to waste money getting cosmetic issues repaired, and even knowing this impacts the overall value of my newish car I don't care because I plan on driving it for years to come. But what if I get hit again (a distinct possibility in my area) and then wont fix it because I have existing damage? Guys I'm just really split 50/50 on this I don't know wtf Im doing. + + + +edit: Well I did not expect this to get more than a comment or two. I learned a lot! Thank you all for your comments, insights, experiences, and professional advice! I've tried to keep up with the comments but there just got to be too many, but I did read them ALL. I will be getting more than one opinion locally, I will most likely get the repair and try to get reimbursement for the interior that got stained as well as potentially payment for "diminished value" (which I didn't know about before today). I'm really really glad I posted this. I couldn't find anything like it on reddit and google seemed to be full of people saying how to boost a settlement, not whether or not to take one. I came to this sub specifically because other subs like r/caraccidents and stuff seemed kind of dead and the most similar posts came from here and I'm glad I did! In a few weeks I'll try to remember to post an update letting everyone know what the outcome was, both for y'alls benefit and anyone who might find this post helpful for reference. +#Loopring starts with Ethereum’s massive size (and flaws) + +We first need to understand that ethereum is the most used blockchain today by far. It boasts the most developers, most decentralised apps and most exchanges by far. + +Eth’s smart contracts enable the existence of DEXs (decentralised exchanges) which fill the role of banks so you and I can buy crypto using other crypto. + +SushiSwap and Uniswap (DEXs built on ethereum) alone have a 24-hour trading volume of $3.5 billion. That’s a lot of activity! + +Apps and DEXs on ethereum have basically recreated the traditional financial system we have now. + +#But like a highway in constant rush hour, ethereum isn’t made to handle transactions by millions of people around the world simultaneously. + +Ethereum has a low TPS (transactions per second) of around 15 which makes it easy to get congested and traffic to build up. + +Eventually each transaction will go through, but there are downsides. + +And these are transaction fees, or gas. + +Transactions need A LOT of gas on ethereum, whether you’re doing something small like transferring from Wallet A to Wallet B, or something big like exchanging your family’s savings for tokens in Uniswap. + +Look how huge ethereum’s fees are right now compared to other blockchains (smaller is better): + +* Eth: $4 (on the “low” side) +* Cardano: $0.27 (93% cheaper) +* Tezos: $0.10 (97.5% cheaper) +* Algorand: $0.002 (99.99% cheaper) + +And here's the speed difference in transactions per second (higher is better): + +* Eth - 15 TPS +* Tezos - 40 TPS (166% faster) +* Cardano - 250 TPS (1,567% faster) +* Algorand - 1,100 TPS (7,233% faster) + +#Loopring builds a highspeed skyway above ethereum’s congested highways + +And the name of this skyway is ‘zkRollup’. + +One of the things zkRollups do is group hundreds of transactions and process them together instead of individually - and on a separate layer of the blockchain called Layer 2. + +This new layer is capable of handling up to 2,000 transactions per second. + +This means gas fees are slashed because: + +* Carpools (transaction bundles) are now available so there are less cars (transactions) causing traffic on the main highway (the Ethereum blockchain) +* There’s also a carpool lane open for further decongestion (Layer 2) +* Transaction speed on both layers is increased + +Less gas fees means developers can experiment and build apps and users can exchange tokens without spending a ton to further grow adoption. + +#TLDR: + +Would you rather take the express skyway or commute through traffic congested highway every single day? +Something I've been using for backsplashes recently in a few of my units is vinyl beadboard. Easy to cut and just glue it over whatever is there. Washes easy and looks modern and great. Cheaper and easier then subway tiles. + +Edit: vinyl probably not the right thing. It's PVC. + +Here is the stuff I have used +https://www.homedepot.com/p/Veranda-8-ft-x-7-1-4-in-x-1-4-in-Vinyl-Pre-finished-Reversible-Panel-Planking-Moulding-3-Piece-0102/202033620?source=shoppingads&locale=en-US&mtc=Shopping-B-F_D30-G-D30-30_27_PANELING-Generic-NA-Feed-LIA-NA-NA-&cm_mmc=Shopping-B-F_D30-G-D30-30_27_PANELING-Generic-NA-Feed-LIA-NA-NA--71700000052659303-58700005045840622-92700044042640867&gclid=Cj0KCQjwwLKFBhDPARIsAPzPi-KRdipSmY2eztgKkBy3a9PEJ1-JIkCctGrd27dJ1A_PiflRM89OfSUaAlZbEALw_wcB&gclsrc=aw.ds +It’s just sitting there with the 2nd floor windows open. Hasn’t been touched since the 80’s or 90’s when they merged and moved everything out and you can see the paint peeling off the walls inside. Very desolate but decent shape at least on the outside. + +I think they have (or had) server storage in the basement last I heard, but no one works there or uses it for anything. A guy probably stops in like once every 3 months to check they’re still running or something. + +It’s not listed for sale, just wasting away. + +TLDR: How would I go about getting in touch with them? For example it would be if Verizon owned it. Obviously someone at corporate is paying the taxes. Who or what dept handles that sort of thing? + +I looked on the GIS map but it just lists a corporate address & a PO box which is just their giant 50 story corporate tower. + +Have any of you had experience with pulling something like this off? +We are OOS owners and we've recently signed on with a new PM after transitioning from STR to long-term tenants due to local STR rules changing. During our initial meetings, I pointed out a few things that would need to be addressed/repaired before the property would be rent ready. Some at the request of the PM. + +A couple days later I receive an email from their onboarding specialist asking when I could meet them to take marketing photos. I explain that before photos could take place there was a list of items that need to be addressed before we are ready to list. I attach a SOW so that we are all on the same page. + +In reply, I get an email from their CEO, with what I feel to be a contentious tone, stating essentially 'we don't do that, we aren't project managers.' Fair enough, but I didnt ask them to make the repairs. It seems to me there was a miscommunication. + +On top of that, he informed me that they wouldn't participate in getting the property ready to rent even by verifying that the work was completed. Being OOS, we were hoping that our PM would be a teammate and our eyes and ears. + +Am I crazy to think that a PM would want to help facilitate getting the property to market sooner rather than a we don't do that response? Should I see this as a red flag for future problems that may arise? + +Really torn on what to do here. Please tell me if I'm being unreasonable. +I went to Consensus this week, and it sucked. By far the worst crypto conference I’ve been to. The networking was fine. Here’s why the actual conference sucked: + +1. Talks were superficial, and they didn’t seem to know who their audience was. Sorry folks, normies are gone. Speak to your core enthusiasts. + +2. The whole presentation vibe was, let’s bend over backward for bankers and discuss how we’re going to do it. I get that it’s in nyc, but come on. If the suits are here, let’s discuss using their money to lobby congress in favor of crypto instead of shorting the market. + +3. Presenters rehashed cliche after cliche, “muh 90% of icos will fail.” Instead of delving into the fundamental problems facing crypto (real world usage by the average joe, scalability, centralization). + +Not to mention how disorganized everything was. + +It was embarrassing for crypto. The market spoke. + +My wife and I are both graduating dental school and starting associate jobs. Our plan is to work as associates for 2-3 years before I open a private practice and she stays on as an associate until she can open a second practice. We will be graduating with roughly $600K in student loans and will start out making roughly a combined $290K. + +My dilemma- In the area we will be working, a 3br 2ba 2500sqft house will cost around $550K (up around $100k over the past year) and a 2br 2ba apartment goes for around $2500/mo or $3000+ for a 3br 3ba (1500sqft) apartment. + +My thought would be that renting would he smarter if I could put more towards investing for my future practice/retirement and paying off loans, but the way rent is also inflated has me at a loss for what is best. + +Edit 1: If we do buy, we are considering a Physician Mortgage loan which would not hold our student debt against us, no down payment dor homes up to around $750K, no PMI and usually lower rates. + +Edit 2: Many are asking why we are looking at 2br or 3br for just the two of us. We have plans for children in the next two years. Our initial thought process was that in an apartment, a 1 bedroom would be too small for having children, so a two bedroom was the minimum. We wouldn't want to buy a house unless we were staying in for 5+ years (it was my understanding that ownership wasn't worth it for under 5 years). So we were looking for a 3br to accommodate the kids. The sqft was just the average for a 3br in the area. I listed the 3br apartment as a comparison for prices in the area between renting and owning. + +With that said, you all make good points. We are speaking with a fiduciary tonight and will look into taking on a longer commute for hopefully cheaper rent or mortgage. +My husband and I divorced 33 years ago and the divorce decree ordered + $18,000 from his retirement account to be put in my name. The decree also stated that I couldn’t touch the fund until my husband turned 50 years old in 2002. + +In January of 1989 I received a letter from his employer that stated the account was opened per the court order and I would receive a statement once a year. The letter didn’t have an account number or any other information on it. I moved shortly there after and never received a statement, so it wasn’t possible to submit a change of address. + +Since then, his employer transferred accounts they held several times and no one (employer or employee named companies that they made transfers to) can find it and all stated that this fund was to old to locate. + +I checked with the original plan administrator with his employer and they don’t save records that date back that far. + +Am I to assume that this $18,000 legally disappeared without a trace? + +I’d appreciate any advice that could point me in the right direction. I’ve checked unclaimed is sources to no avail. Thanks. +Long time no see r/FI, don’t worry you didn't miss a post. Thank you to the handful of people who checked up on me, it was very lovely of you. A year and a bit has passed but my net worth has doubled. Here’s what happened: + +&#x200B; + +* reached the 500k milestone in Nov 2020 ahead of schedule, but I knew the following developments were happening so I wasn’t going to bother posting multiple times in one year. + +* Got amicably downsized with 1 year severance in early 2021 (won’t give further info to reduce doxxing potential) + +* Sold our first house for a 300k profit in early 2021 (Toronto real estate was going bananas). As usual you will only see my half of this in my net worth. + +* Made a mistake in real estate by buying a house we ended up hating. Ended up selling after less than half a year, after all the fees probably break even cash wise but there will be a gain on our tax return which we will attempt to fight but we’ll see. + +* Bought our hopefully forever home very recently. + + +I’ve kept my previous post mainly intact but have made changes in ***bolded italics. All mentions of currency are in CAD.*** + +**About me** + +Hi! I’m a ***29F*** CPA living in Toronto, Canada. I wanted to post this to show the non IT people in this sub that there are other careers where it’s possible to increase net worth quickly despite not making 100k right out of school. I’ve always been a saver but I discovered MMM in December 2015 (when I was 24). The realization I could retire at 35 really lit a fire under my ass to save even more and actually invest it. I was working through my CPA at a big 4 accounting firm at the time and hated every second of it. To be honest, accounting is boring and a ‘meh’ career at best, but the money is good so I will most likely stay on this path until I feel FI enough, if not actual FIRE. + +I live in the most if not second most expensive city in Canada, sharing a ~~small~~ home with my SO that we purchased ~~last~~ ***this*** year. I have no expensive hobbies other than travel and lead a pretty ‘boring’ life. I’m slowly getting healthier and into exercising but those things are harder for me than saving money. + +The privilege – My parents paid for 3 out of my 4 years of university. That’s about 36k that I got for free which will never have to be repaid (I asked). That one year I paid for and for the 2 years I lived on campus I paid for myself through part time jobs before and during university. I also went back to live with my parents for one year rent free during my ***8*** years of working, which was a nice boost to my net worth during that time. + +Here are the numbers! + +**The goals** + +My spending goal in retirement for one person is $20,000-$30,000 per year (as part of a $40,000-$60,000 spend household). I expect my SO to pay their own way on this FIRE journey. The dream at the moment looks like contract work (3-6 month contract) and traveling the rest of the time*,* most likely for 5ish years of travel. On the off years, we could work, volunteer, whatever. These FIRE plans are not that defined because who knows what I’ll feel like in 5-10 years. + +All else being equal (is it ever?) I expect to achieve the following net worth milestones at the following ages: + + + +&#x200B; + +|**Annual Spend (individual)**|**$20,000.00**||**$25,000.00**||**$30,000.00**|| +|:-|:-|:-|:-|:-|:-|:-| +|FI @ 4%|$500,000|29|$625,000|30|$750,000|32| +|FI @ 3.5%|$571,429|30|***$714,285***|***31***|$857,142|33| +|FI @ 3.25%|$615,384|30|$769,230|32|$923,076|34| +|FI @ 3%|$666,666|31|$833,333|32|$1,000,000|34| + +\^the above does not account for market corrections/recessions. If one happens tomorrow obviously those ages will change. ***The house sale and severance have really helped speed up my timelines here, but to be honest I’m not sure I’m ready to FIRE at this time, especially with a new mortgage. Currently about 2 years ahead of schedule though, which feels amazing (including only liquid assets).*** + +My flair is based on the first goal - $500k for 20k of spending at 4%. Is that going to be the number I FIRE at? ~~Probably~~ ***definitely*** not, given the expectation of a low growth environment in the near future and my young age at the expected time. But it’s a number that I would feel comfortable about enough to shift into something more chill. ~~It’s possible and even likely that I’ll experience the golden handcuffs phenom and stay for a while past that though to feather the nest and add security~~. ***Yes,*** ***I’ll probably work an additional 3-5 years (probably closer to 3) to establish a home and add some security to my nest egg. Probably looking at 1m in liquid assets? It’s overkill but might as well while I wait for my SO.*** + +Future plan/goals – I have no interest in having children, which enables my fast FIRE journey and long term travel plans. ~~Currently we live in a small bungalow in Scarbs with a basement unit that pays rent. Looking forward to selling in the next few years and buying a teardown to re-build, no enjoying living in an old house.~~ ***Currently living in a slightly newer 2 storey 4 bedroom detached house still in Scarborough but a bit further out.*** While Canada is great, it’s also possible that I will be OK with living somewhere else with single payer health care long term (I hate winter). + +**Income history and Net Worth** + +I started my career at a big 4 accounting firm making 45k, then 50k the next year, then 60k the next. These are standard salaries for this job in my city – Toronto. During this time I was renting a place downtown with a roommate or SO. + +After leaving the firm my first job out was at 75k , and I moved to live with my parents for that year. Getting rid of rent was amazing for my net worth. Then I moved to a more interesting job that I thought I would love for 80k and started paying rent again. Then I got bored and moved to another job, where I made 95k the first year and now 100k with very generous 20-30% bonuses. ***There was a lay off at this company so now I work for a new company at 110k, with hopefully a reasonable bonus.*** First year we (my SO and i) lived downtown paying rent, now paying down a mortgage. + +I do have access to a side hustle that I started participating in around 2016. It’s very CPA specific and involves helping incoming CPAs get feedback for their practice exams in preparation for the qualification exams we have to write in this profession (PEP and CAP for those in the know). I think I made <$2000 the first year I did it, but it grew steadily and I made $***36,000*** last year from this. ***2021 will be less rich since COVID has hurt enrollment numbers (probably 20-25k).*** + +My net worth started at -$10,000 on the day I graduated university in the summer of 2013. That debt was owed to my parents for a lavish long trip I took that summer which I repaid in my first year of working. No regrets. After I started working and saving, it began steadily going up. My records are spotty in the beginning, since I was just saving to save. + + + +|**Jul/2014**|**$10,000.00**| +|:-|:-| +|Sep/2014|$16,108.48| +|Nov/2014|$21,146.27| +|Jan/2015|$26,275.45| +|Mar/2015|$30,587.78| +|Jun/2015|$41,766.89| +|Sep/2015|$48,129.09| +|Dec/2015|$54,127.60| +|Mar/2016|$66,790.00| +|Jun/2016|$82,387.42| +|Sep/2016|$93,851.37| + +I reached the 100k milestone sometime in November 2016 at 24 years old, 3 years and 2 months after my first day of work. + +|**Dec/2016**|**$108,566.61**| +|:-|:-| +|Mar/2017|$124,818.16| +|Jun/2017|$137,332.79| +|Sep/2017|$159,339.43| +|Dec/2017|$184,239.82| +|Mar/2018|$196,280.12| +|**Apr/2018**|**$204,157.49**| + +I reached the 200k milestone sometime in April 2018 at 26 years old, 1 year and 5 months after 100k (4 years, 7 months after my first day of work). It definitely gets faster (especially if you have year of not paying rent!). + +All else equal and barring a downturn, I hope to achieve the 300k milestone around winter 2019. Depending on the side hustle this year and with my increased income, here’s hoping for Dec 2018 instead of March 2019. Well that didn’t work out, but that was mainly because of saving up for the house during the low market in the 2018 winter and the closing costs. + + + +|Jun/2018|$211,046.07| +|:-|:-| +|Sep/2018|$228,258.78| +|Dec/2018|$235,142.81| +|Mar/2019|$278,189.27| +|**Apr/2019**|**$300,030.50**| + +Why the big jumps toward the end there? Bonuses and side hustle money coming through (it comes in large chunks) and the tenant providing first and last helped as well. + +The 300k milestone was reached at the very end of April 2019, one year after 200k. It’s definitely getting easier and easier to amass more money as my income grows and the growth compounds due to the nest egg size. + +I’m hoping 400k comes around the same time next year. Side hustle should be around the same this year but we’re planning a lavish vacation and some minor renovations. + + + +|Jun/2019|$307,811.29| +|:-|:-| +|Jun/2019|$341,536.98| +|Dec/2019|$376,130.50| +|Jan/2020|$397,007.64| +|Feb/2020|$381,471.98| +|Mar/2020|$361,550.87| +|Apr/2020|$408,911.06| + +More lines than usual because I wanted to show the COVID drops. It took my bonus and a side hustle payment to get me to crossing the 400k line, along with a minor market recovery. + +The 400k milestone was reached at the very end of April 2020, one year after 300k. 500k is less than a year away should my plans for 2020 work out. + + + +||Total NW|Liquid NW| +|:-|:-|:-| +|Jun/2020|$424,421.56|| +|Dec/2020|$528,808.77|| +|Apr/2021|$777,222.53|| +|Jun/2021|$806,666.65|| +|Aug/2021|$826,666.90|$726,566.90| + +***I’m intentionally trying to obscure exactly when the major events outlined above have occurred for privacy, but by April the dust has cleared on the cash coming in. This includes the severance, bonus, and the house sales. Since I’ll be more focused on the liquid net worth going forward, I’ll probably wait to post till $900k liquid.*** + +**Monthly expenses** + +***Here are the 2020 expenses and 2021 so far. Expenses have definitely increased a lot due to home ownership and a lot of eating out due to general laziness/having to be out of the house for showings.*** + +***2020 expenses*** + +&#x200B; + +||Spending YTD|Monthly Average| +|:-|:-|:-| +|Mortgage|$15,527.52|$1,293.96| +|Property taxes|$1,940.05|$161.67| +|Hydro + gas|$1,186.39|$98.87| +|Internet|$665.85|$55.49| +|Water|$468.28|$39.02| +|Insurance|$848.88|$70.74| +|Transportation|$441.80|$36.82| +|Car|$530.83|$44.24| +|Groceries|$1,888.13|$157.34| +|Eating out|$2,601.95|$216.83| +|Misc|$4,308.03|$359.00| +|Tenant|\-$5,310.50|\-$442.54| +||$25,097.21|$2,091.43| +|House one time costs|$23,923.55|| +|Travel|$466.78|| +|Clothes|$0|| +||$49,487.54|| + +***2020 was all about renovating the house for a flip. With COVID, I continued to work from home and my phone continued to be covered by my employer. We purchased a car towards the end of the year as well. As before, any health/dental over and above work insurance goes into Misc (Netflix is in there too). Misc is really large due to a new personal laptop, new computer chair, and some laser hair removal.*** + +***2021 expenses to date (8 months)*** + + + +||Spending YTD|Monthly Average| +|:-|:-|:-| +|Mortgage|$11,784|$1,473| +|Property taxes|$1,414|$177| +|Hydro |$332|$41| +|Gas|$517|$65| +|Internet|$439|$55| +|Water|$124|$16| +|Insurance|$653|$82| +|Transportation|$67|$8| +|Car|$1,114|$8| +|Groceries|$1,662|$208| +|Eating out|$1,971|$246| +|Misc|$2,848|$356| +||$22,926|| +|House one time costs|$7,522|<Renovations for the intermediary house| +|Travel|$982|| +|Clothes|$148|| +||$31,578|| + +***The mortgage for the intermediary house was quite big since we chose to borrow more instead of putting the profits from the old house into the new house. While this was the mathematically correct thing to do, emotionally I felt quite house poor which reduced my enjoyment of the house. This is something I will consider in future real estate decisions that I wanted to highlight if anyone else is making a similar decision. On the new house we put 20% down and this has made the mortgage payments much lighter. Misc is again high but for different reasons – I no longer have my phone paid for so I had to purchase one and get a phone plan. Moving costs are also included in here.*** + +***Our goal for the remainder of 2021 is to reduce food spending, we’ve been spending with reckless abandon on this category and need to rein it in.*** + +Please keep in mind that these expenses are for *myself only*. My SO and I split household expenses and spend our own money on items like clothes or video games. I don’t foresee our essentials spending increasing above what it currently is ~~and the tenant is very helpful in reducing those costs to a level where it is cheaper to live in the house than our previous condo rental without taking into account future selling prices, etc~~. We did consult a rent vs buy calculator before purchasing and the first house was still in the buy zone which is rare for Toronto. ~~I foresee us staying here for around 2-5 years before flipping into a newer home.~~ ***We ended up staying 2 years in the old house, mostly because it was a good time to sell. The second house was a less well thought out decision and as noted above, a mistake. The third house we definitely considered more carefully, hopefully we’ll stay here a long time to minimize transaction costs and money spent on real estate.*** + +**Investments** + +My tax advantaged accounts are maxed out and self-managed through a DIY brokerage. My taxable contributions are split evenly between the same self-managed DIY brokerage and a robo advisor for shits and giggles. The robo advisor is ~~winning~~ ***losing*** ***at the moment, because wealthsimple did something weird with their bonds and I lost 10k overnight .*** ~~I view my DIY brokerage holdings as a whole unit so my taxable account gets the brunt of the bonds (low rate environment).~~ + +The DIY Portfolio is as follows: + +***Cash: 0.1% (preference is 0%), everything is in the market *** + +***Bonds: 1.6% (preference is 5%), sold it all in March to buy more ETFs.*** + +***REITs: 1.4% (preference is 2.5%), VRE mostly. Also meh about this allocation.*** + +***Canadian dividend stocks: 2.8% (preference is 2.5%, my investing strategy used to be dividend based so this is a remaining position from then), CDZ.*** + +***Canadian Market: 2.6% (preference is 2.5%),VCN*** + +***US Market – hedged to CAD: 23.8% (preference is 25.5%),VUS/VSP*** + +***US Market – unhedged: 28.5% (preference is 25.5%), VUN/VTI(n USD)*** + +***International (both developed and developing) – unhedged: 38.5% (preference is 36.5%) XEF+XEC/VXUS(in USD)*** + +My robo advisor has split my investments as follows: + +Cash: 6% + +Bonds: $9% + +Low carbon global stocks: 30% + +Canadian stocks: 24% + +Global stocks: 16% + +Cleantech stocks: 15% + +***I finally called them to change my risk level from 8 to 9.*** + +***Since it was requested last post, here is m******y net worth is split as follows (rounded):*** + + + +|Cash|$18,000| +|:-|:-| +|TFSA (CAD equiv of Roth IRA)|$116,000| +|RRSP (CAD equiv of 401k)|$174,000| +|Taxable account – self directed|$206,000| +|Taxable account – robo advisor|$195,000| +|Other investments (community bonds)|$12,000| +|House Equity|$100,000| +|Car Equity (Should probably discount this?)|$5,000| +|Total|$827,000| +|Liquid Total|$727,000| + +***The cash amount is only this high since I was holding cash for the downpayment. Once everything settles down and we buy furniture and stuff, cash will go down to near zero. All of my tax advantaged accounts are maxed out.*** + +&#x200B; + +I’d love any advice on my allocations. I rebalance when I invest so it’s a bit slow. + +Is there anything else you want to know? + +If this post is well received and the community feels it’s useful, I’ll make another one when I get to $900k liquid investments. +Long time no see r/FI, don’t worry you didn't miss a post. Thank you to the handful of people who checked up on me, it was very lovely of you. A year and a bit has passed but my net worth has doubled. Here’s what happened: + +&#x200B; + +* reached the 500k milestone in Nov 2020 ahead of schedule, but I knew the following developments were happening so I wasn’t going to bother posting multiple times in one year. + +* Got amicably downsized with 1 year severance in early 2021 (won’t give further info to reduce doxxing potential) + +* Sold our first house for a 300k profit in early 2021 (Toronto real estate was going bananas). As usual you will only see my half of this in my net worth. + +* Made a mistake in real estate by buying a house we ended up hating. Ended up selling after less than half a year, after all the fees probably break even cash wise but there will be a gain on our tax return which we will attempt to fight but we’ll see. + +* Bought our hopefully forever home very recently. + + +I’ve kept my previous post mainly intact but have made changes in ***bolded italics. All mentions of currency are in CAD.*** + +**About me** + +Hi! I’m a ***29F*** CPA living in Toronto, Canada. I wanted to post this to show the non IT people in this sub that there are other careers where it’s possible to increase net worth quickly despite not making 100k right out of school. I’ve always been a saver but I discovered MMM in December 2015 (when I was 24). The realization I could retire at 35 really lit a fire under my ass to save even more and actually invest it. I was working through my CPA at a big 4 accounting firm at the time and hated every second of it. To be honest, accounting is boring and a ‘meh’ career at best, but the money is good so I will most likely stay on this path until I feel FI enough, if not actual FIRE. + +I live in the most if not second most expensive city in Canada, sharing a ~~small~~ home with my SO that we purchased ~~last~~ ***this*** year. I have no expensive hobbies other than travel and lead a pretty ‘boring’ life. I’m slowly getting healthier and into exercising but those things are harder for me than saving money. + +The privilege – My parents paid for 3 out of my 4 years of university. That’s about 36k that I got for free which will never have to be repaid (I asked). That one year I paid for and for the 2 years I lived on campus I paid for myself through part time jobs before and during university. I also went back to live with my parents for one year rent free during my ***8*** years of working, which was a nice boost to my net worth during that time. + +Here are the numbers! + +**The goals** + +My spending goal in retirement for one person is $20,000-$30,000 per year (as part of a $40,000-$60,000 spend household). I expect my SO to pay their own way on this FIRE journey. The dream at the moment looks like contract work (3-6 month contract) and traveling the rest of the time*,* most likely for 5ish years of travel. On the off years, we could work, volunteer, whatever. These FIRE plans are not that defined because who knows what I’ll feel like in 5-10 years. + +All else being equal (is it ever?) I expect to achieve the following net worth milestones at the following ages: + + + +&#x200B; + +|**Annual Spend (individual)**|**$20,000.00**||**$25,000.00**||**$30,000.00**|| +|:-|:-|:-|:-|:-|:-|:-| +|FI @ 4%|$500,000|29|$625,000|30|$750,000|32| +|FI @ 3.5%|$571,429|30|***$714,285***|***31***|$857,142|33| +|FI @ 3.25%|$615,384|30|$769,230|32|$923,076|34| +|FI @ 3%|$666,666|31|$833,333|32|$1,000,000|34| + +\^the above does not account for market corrections/recessions. If one happens tomorrow obviously those ages will change. ***The house sale and severance have really helped speed up my timelines here, but to be honest I’m not sure I’m ready to FIRE at this time, especially with a new mortgage. Currently about 2 years ahead of schedule though, which feels amazing (including only liquid assets).*** + +My flair is based on the first goal - $500k for 20k of spending at 4%. Is that going to be the number I FIRE at? ~~Probably~~ ***definitely*** not, given the expectation of a low growth environment in the near future and my young age at the expected time. But it’s a number that I would feel comfortable about enough to shift into something more chill. ~~It’s possible and even likely that I’ll experience the golden handcuffs phenom and stay for a while past that though to feather the nest and add security~~. ***Yes,*** ***I’ll probably work an additional 3-5 years (probably closer to 3) to establish a home and add some security to my nest egg. Probably looking at 1m in liquid assets? It’s overkill but might as well while I wait for my SO.*** + +Future plan/goals – I have no interest in having children, which enables my fast FIRE journey and long term travel plans. ~~Currently we live in a small bungalow in Scarbs with a basement unit that pays rent. Looking forward to selling in the next few years and buying a teardown to re-build, no enjoying living in an old house.~~ ***Currently living in a slightly newer 2 storey 4 bedroom detached house still in Scarborough but a bit further out.*** While Canada is great, it’s also possible that I will be OK with living somewhere else with single payer health care long term (I hate winter). + +**Income history and Net Worth** + +I started my career at a big 4 accounting firm making 45k, then 50k the next year, then 60k the next. These are standard salaries for this job in my city – Toronto. During this time I was renting a place downtown with a roommate or SO. + +After leaving the firm my first job out was at 75k , and I moved to live with my parents for that year. Getting rid of rent was amazing for my net worth. Then I moved to a more interesting job that I thought I would love for 80k and started paying rent again. Then I got bored and moved to another job, where I made 95k the first year and now 100k with very generous 20-30% bonuses. ***There was a lay off at this company so now I work for a new company at 110k, with hopefully a reasonable bonus.*** First year we (my SO and i) lived downtown paying rent, now paying down a mortgage. + +I do have access to a side hustle that I started participating in around 2016. It’s very CPA specific and involves helping incoming CPAs get feedback for their practice exams in preparation for the qualification exams we have to write in this profession (PEP and CAP for those in the know). I think I made <$2000 the first year I did it, but it grew steadily and I made $***36,000*** last year from this. ***2021 will be less rich since COVID has hurt enrollment numbers (probably 20-25k).*** + +My net worth started at -$10,000 on the day I graduated university in the summer of 2013. That debt was owed to my parents for a lavish long trip I took that summer which I repaid in my first year of working. No regrets. After I started working and saving, it began steadily going up. My records are spotty in the beginning, since I was just saving to save. + + + +|**Jul/2014**|**$10,000.00**| +|:-|:-| +|Sep/2014|$16,108.48| +|Nov/2014|$21,146.27| +|Jan/2015|$26,275.45| +|Mar/2015|$30,587.78| +|Jun/2015|$41,766.89| +|Sep/2015|$48,129.09| +|Dec/2015|$54,127.60| +|Mar/2016|$66,790.00| +|Jun/2016|$82,387.42| +|Sep/2016|$93,851.37| + +I reached the 100k milestone sometime in November 2016 at 24 years old, 3 years and 2 months after my first day of work. + +|**Dec/2016**|**$108,566.61**| +|:-|:-| +|Mar/2017|$124,818.16| +|Jun/2017|$137,332.79| +|Sep/2017|$159,339.43| +|Dec/2017|$184,239.82| +|Mar/2018|$196,280.12| +|**Apr/2018**|**$204,157.49**| + +I reached the 200k milestone sometime in April 2018 at 26 years old, 1 year and 5 months after 100k (4 years, 7 months after my first day of work). It definitely gets faster (especially if you have year of not paying rent!). + +All else equal and barring a downturn, I hope to achieve the 300k milestone around winter 2019. Depending on the side hustle this year and with my increased income, here’s hoping for Dec 2018 instead of March 2019. Well that didn’t work out, but that was mainly because of saving up for the house during the low market in the 2018 winter and the closing costs. + + + +|Jun/2018|$211,046.07| +|:-|:-| +|Sep/2018|$228,258.78| +|Dec/2018|$235,142.81| +|Mar/2019|$278,189.27| +|**Apr/2019**|**$300,030.50**| + +Why the big jumps toward the end there? Bonuses and side hustle money coming through (it comes in large chunks) and the tenant providing first and last helped as well. + +The 300k milestone was reached at the very end of April 2019, one year after 200k. It’s definitely getting easier and easier to amass more money as my income grows and the growth compounds due to the nest egg size. + +I’m hoping 400k comes around the same time next year. Side hustle should be around the same this year but we’re planning a lavish vacation and some minor renovations. + + + +|Jun/2019|$307,811.29| +|:-|:-| +|Jun/2019|$341,536.98| +|Dec/2019|$376,130.50| +|Jan/2020|$397,007.64| +|Feb/2020|$381,471.98| +|Mar/2020|$361,550.87| +|Apr/2020|$408,911.06| + +More lines than usual because I wanted to show the COVID drops. It took my bonus and a side hustle payment to get me to crossing the 400k line, along with a minor market recovery. + +The 400k milestone was reached at the very end of April 2020, one year after 300k. 500k is less than a year away should my plans for 2020 work out. + + + +||Total NW|Liquid NW| +|:-|:-|:-| +|Jun/2020|$424,421.56|| +|Dec/2020|$528,808.77|| +|Apr/2021|$777,222.53|| +|Jun/2021|$806,666.65|| +|Aug/2021|$826,666.90|$726,566.90| + +***I’m intentionally trying to obscure exactly when the major events outlined above have occurred for privacy, but by April the dust has cleared on the cash coming in. This includes the severance, bonus, and the house sales. Since I’ll be more focused on the liquid net worth going forward, I’ll probably wait to post till $900k liquid.*** + +**Monthly expenses** + +***Here are the 2020 expenses and 2021 so far. Expenses have definitely increased a lot due to home ownership and a lot of eating out due to general laziness/having to be out of the house for showings.*** + +***2020 expenses*** + +&#x200B; + +||Spending YTD|Monthly Average| +|:-|:-|:-| +|Mortgage|$15,527.52|$1,293.96| +|Property taxes|$1,940.05|$161.67| +|Hydro + gas|$1,186.39|$98.87| +|Internet|$665.85|$55.49| +|Water|$468.28|$39.02| +|Insurance|$848.88|$70.74| +|Transportation|$441.80|$36.82| +|Car|$530.83|$44.24| +|Groceries|$1,888.13|$157.34| +|Eating out|$2,601.95|$216.83| +|Misc|$4,308.03|$359.00| +|Tenant|\-$5,310.50|\-$442.54| +||$25,097.21|$2,091.43| +|House one time costs|$23,923.55|| +|Travel|$466.78|| +|Clothes|$0|| +||$49,487.54|| + +***2020 was all about renovating the house for a flip. With COVID, I continued to work from home and my phone continued to be covered by my employer. We purchased a car towards the end of the year as well. As before, any health/dental over and above work insurance goes into Misc (Netflix is in there too). Misc is really large due to a new personal laptop, new computer chair, and some laser hair removal.*** + +***2021 expenses to date (8 months)*** + + + +||Spending YTD|Monthly Average| +|:-|:-|:-| +|Mortgage|$11,784|$1,473| +|Property taxes|$1,414|$177| +|Hydro |$332|$41| +|Gas|$517|$65| +|Internet|$439|$55| +|Water|$124|$16| +|Insurance|$653|$82| +|Transportation|$67|$8| +|Car|$1,114|$8| +|Groceries|$1,662|$208| +|Eating out|$1,971|$246| +|Misc|$2,848|$356| +||$22,926|| +|House one time costs|$7,522|<Renovations for the intermediary house| +|Travel|$982|| +|Clothes|$148|| +||$31,578|| + +***The mortgage for the intermediary house was quite big since we chose to borrow more instead of putting the profits from the old house into the new house. While this was the mathematically correct thing to do, emotionally I felt quite house poor which reduced my enjoyment of the house. This is something I will consider in future real estate decisions that I wanted to highlight if anyone else is making a similar decision. On the new house we put 20% down and this has made the mortgage payments much lighter. Misc is again high but for different reasons – I no longer have my phone paid for so I had to purchase one and get a phone plan. Moving costs are also included in here.*** + +***Our goal for the remainder of 2021 is to reduce food spending, we’ve been spending with reckless abandon on this category and need to rein it in.*** + +Please keep in mind that these expenses are for *myself only*. My SO and I split household expenses and spend our own money on items like clothes or video games. I don’t foresee our essentials spending increasing above what it currently is ~~and the tenant is very helpful in reducing those costs to a level where it is cheaper to live in the house than our previous condo rental without taking into account future selling prices, etc~~. We did consult a rent vs buy calculator before purchasing and the first house was still in the buy zone which is rare for Toronto. ~~I foresee us staying here for around 2-5 years before flipping into a newer home.~~ ***We ended up staying 2 years in the old house, mostly because it was a good time to sell. The second house was a less well thought out decision and as noted above, a mistake. The third house we definitely considered more carefully, hopefully we’ll stay here a long time to minimize transaction costs and money spent on real estate.*** + +**Investments** + +My tax advantaged accounts are maxed out and self-managed through a DIY brokerage. My taxable contributions are split evenly between the same self-managed DIY brokerage and a robo advisor for shits and giggles. The robo advisor is ~~winning~~ ***losing*** ***at the moment, because wealthsimple did something weird with their bonds and I lost 10k overnight .*** ~~I view my DIY brokerage holdings as a whole unit so my taxable account gets the brunt of the bonds (low rate environment).~~ + +The DIY Portfolio is as follows: + +***Cash: 0.1% (preference is 0%), everything is in the market *** + +***Bonds: 1.6% (preference is 5%), sold it all in March to buy more ETFs.*** + +***REITs: 1.4% (preference is 2.5%), VRE mostly. Also meh about this allocation.*** + +***Canadian dividend stocks: 2.8% (preference is 2.5%, my investing strategy used to be dividend based so this is a remaining position from then), CDZ.*** + +***Canadian Market: 2.6% (preference is 2.5%),VCN*** + +***US Market – hedged to CAD: 23.8% (preference is 25.5%),VUS/VSP*** + +***US Market – unhedged: 28.5% (preference is 25.5%), VUN/VTI(n USD)*** + +***International (both developed and developing) – unhedged: 38.5% (preference is 36.5%) XEF+XEC/VXUS(in USD)*** + +My robo advisor has split my investments as follows: + +Cash: 6% + +Bonds: $9% + +Low carbon global stocks: 30% + +Canadian stocks: 24% + +Global stocks: 16% + +Cleantech stocks: 15% + +***I finally called them to change my risk level from 8 to 9.*** + +***Since it was requested last post, here is m******y net worth is split as follows (rounded):*** + + + +|Cash|$18,000| +|:-|:-| +|TFSA (CAD equiv of Roth IRA)|$116,000| +|RRSP (CAD equiv of 401k)|$174,000| +|Taxable account – self directed|$206,000| +|Taxable account – robo advisor|$195,000| +|Other investments (community bonds)|$12,000| +|House Equity|$100,000| +|Car Equity (Should probably discount this?)|$5,000| +|Total|$827,000| +|Liquid Total|$727,000| + +***The cash amount is only this high since I was holding cash for the downpayment. Once everything settles down and we buy furniture and stuff, cash will go down to near zero. All of my tax advantaged accounts are maxed out.*** + +&#x200B; + +I’d love any advice on my allocations. I rebalance when I invest so it’s a bit slow. + +Is there anything else you want to know? + +If this post is well received and the community feels it’s useful, I’ll make another one when I get to $900k liquid investments. +Guys, I need your help... + +I'm a strong beliver of the reccuring cycles which bitcoin and the alts have been going trough the past few years. Different "sources" are tellng that this is the year in which CC will blow off and we'll enter a bear market again. And this could happen as early as June. + +I'm a bit traumatized by the last bull market, which I entered too late in December 2017. + +The big question is: Wouldn't it be smarter to wait 1-2 years until the price drops again approx. 85% like the last 2 cycles and then start DCA-ing back in in CC? The goal is to accumulate some money over several years, so no thanks to daytrading for me. + +Or could we be entering something completely new with all the big companies suddenly investing in CC so there won't be any significant crash at all anymore? + +I know, noone can tell the future. I'm just looking for your opinions and wisdom. + +Thanks +Can someone explain to me the following.. + +If you have 1eth.. does it make more sense holding and then selling it at a higher profit, or say example buy it all in NEO and wait till it goes up high. I hope I'm explaining myself properly here. Is it better buying a lot of a cheaper coin and then selling or buy just one expensive coin and sell? +Hi, I’m currently a college student and have about 100$-200$ I could potentially invest into trading cryptocurrency. Although I would like to see how it all works first, so start with maybe 5$-10$ if that’s possible. + +Wondering if anyone could tell me some basic things about doing so, or link me to a video or tutorial of some kind. + +A maths teacher at school mentioned how he invested into bitcoin and stayed up all night once and when bitcoin was at peak he made 2000$, since then I’ve been interested in it and any info you can give me to soak I’ll be forever grateful. + +How do I buy cryptocurrencies, where do I sell them, is it profitable (if so, which currency should I focus on?). + +Sorry if I’m ultra cringe, legit know nothing about cryptocurrency. + +EDIT - So i was looking at cryptocompare for 30 minutes right now, for example coin ETC was at -10% and then it went to -12% value. If I were to buy the coins when it’s -12% and wait for it to be -10% again, and sell them. Is the 2% pure profit or do I lose money on tax or something? +Every single day, we can only estimate that thousands, if not tens of thousands of shares are bought by retail(maybe more). Each of those shares are worth hundreds of thousands and even millions of dollars -- every day that they drag this on adds trillions of dollars that they are going to need to buy back due to the blatant corruption by Mayo Boy and his friends. Ending this as soon as possible is trillions+ of SAVINGS by the groups inevitably left holding the bag for their lack of oversight and due diligence. We're all diamond handed share holders who just like the stock so we can be patient.....but force it soon or you're going to WISH a quadrillion dollars of losses was all you were going to lose. +https://techcrunch.com/2019/05/16/fiverr-files-to-go-public/ + +https://www.sec.gov/Archives/edgar/data/1762301/000104746919003139/a2238508zf-1.htm + +Other reporting notes: + +- Repeat customers make up 57% of rev in 2018 , up 2% from 2017 + +- 2.1M active buyers in 2018 vs 1.9M in 2017; active buyers defined as anyone who makes 1 purchase in 12 months, irrespective of cancellations + +- Take rate, or revenue as a percentage of Gross Merchandise Volume (total value of transactions processed through platform), was 25.7% and 24.5% for the years ended December 31, 2018 and 2017, respectively + +- Fiverr estimates total market opportunity within the United States alone to be approximately $100 billion +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 had Friday expiration QQQ put spreads $375/374 that I took a big loss on. + +Basically, QQQ was slightly above my strikes at the opening bell Friday and so when the market opened I closed them right away because I didn’t want to incur an even bigger loss. Of course, The Qs got bought up and rallied to $380. Sucks seeing that I didn’t need to take the loss but my question is, did I do the right thing by closing? It clearly could have gone the other way (things were looking very bearish at the moment). + +Did I miss anything that could have kept me holding the spreads or was it just best to take off the risk? +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. +Mark was early, too early. Meta should have remained an internal project + + +Instead, he took a risk and took the company in the new direction with the greatest deal of publicity. Changing their ticker, name, mission. All on display for the world to see, as if to say, look at me, look at us, place your eyes on our newfound identity. + + +It's very fitting, for the de facto social media industry leader to take this approach. Very fitting, for a once young and innovative Mark Zuckerberg to want to matter again, after years of declining market share and increased competition. + + +The issue is one that is shared among the modern investing world. One driven by jargon and VC capital endlessly pouring into the "next big thing". One where appearance matters much more than actual substance. You might even say this is reflective of society at large, perhaps even one where Zuckerberg helped mold. The issue lies in the fact that we live in a world where simply changing your name to include a buzzy new catchword such as crypto, NFT, or Metaverse can increase your company's valuation multiple times without changing much else. + + +But for how long? Eventually when the music stops and the madness of discretionless investing is over, when the cost of capital has tripled, quadrupled, will your firm truly stand the test of valuation? Time to get back down to brass tacks. +Guten Morgen to this global band of Apes! 👋🦍 + +The US has switched to Daylight Savings Time, but Germany is a few weeks behind. As such, the German Markets only open one hour before the US Premarket opens, so Diamantenhände will only cover the first 60 minutes on the German exchanges. + +What a dip! I genuinely thought that the SHFs were done giving us such deep discounts, but for some reason they were forced to suppress the price deeper and deeper last Friday, giving us what may be the final dip before the MOASS. We all know that the Shorts are in a hopeless position, with far more shares short than even exist, so every dollar upward has a multiplier effect against their balance sheets. They can (and do!) spend heavily to drive the price down, if only to make their balance sheets look a little better for a little while. We have seen this time and time again, and to date it hasn't driven Apes off - maybe this time they think something will be different? + +It is hopeless, though. On Thursday, GameStop will release its quarterly results, likely including a new tally of the DRSed share count, and a glimpse at the progress that we've made in putting our names on the entire float. GameStop has completely reversed outlook from the time that the SHFs took out their original short position against it - it is now a growth company, spending well to invest in its own future, establishing great partnerships, and capitalizing on its wonderful investors and enthusiastic customers. There is no chance that their original play to kill the company and never have to close their short position can ever work. However, they didn't see it soon enough - they only saw the price per share climb higher and higher, tempting them to short it even harder and cash in on the inflated price. They are so far gone that no amount of financial crime is unpalatable. + +So here we are, buying the dip, DRSing our shares, and HODLing with Diamantenhände until the day their crimes catch up with them. Is today the day? + +Today is Monday, March 14th, 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: **$94.41 / 85,91 €** *(volume: 1674)* +- 🟥 55 minutes in: $94.39 / 85,89 € *(volume: 1674)* +- 🟥 50 minutes in: $94.83 / 86,29 € *(volume: 1425)* +- 🟥 45 minutes in: $95.19 / 86,62 € *(volume: 1306)* +- 🟥 40 minutes in: $95.20 / 86,62 € *(volume: 1294)* +- 🟥 35 minutes in: $95.21 / 86,63 € *(volume: 1293)* +- 🟥 30 minutes in: $95.25 / 86,67 € *(volume: 1127)* +- 🟩 25 minutes in: $95.34 / 86,75 € *(volume: 1110)* +- 🟥 20 minutes in: $95.32 / 86,73 € *(volume: 1108)* +- 🟥 15 minutes in: $95.54 / 86,94 € *(volume: 944)* +- 🟩 10 minutes in: $95.55 / 86,94 € *(volume: 782)* +- 🟩 5 minutes in: $95.30 / 86,72 € *(volume: 531)* +- 🟩 0 minutes in: $94.90 / 86,35 € *(volume: 272)* +- 🟥 US close price: $92.69 / 84,34 € *($93.40 / 84,99 € 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 1.099. 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! +Thiel made the remark at the Bitcoin 2022 conference, where he discussed the differences between fiat currency like the US Dollar, Pounds and cryptocurrencies like Bitcoin, ETH, $Cray and many more. + +Unlike "woke firms," Bitcoin, according to PayPal and Palantir Technologies co-founder Peter Thiel, will "never" be controlled by the government. + +Thiel made the remark during the Bitcoin 2022 conference, where he discussed the differences between fiat — or government-backed — and digital money. To emphasize his point, he tossed a wad of $100 dollars to someone in the first row of the audience. + +"Even if you invest in a stock, you're effectively investing in a government-linked entity. Firms – awakened companies — are quasi-governmentally regulated in a way that Bitcoin will never be "he stated + +The software entrepreneur began his remarks by showing a video from 1999 in which he predicts that "everyone in the middle class" and the "developing world" will ultimately have "internet-enabled telephones" — a notion that many at the time thought unrealistic. He went on to say that cell phone access to bank accounts will pose a challenge to authoritarian administrations. + +Thiel and other cryptocurrency investors claim that Bitcoin is the answer to such power because it is not controlled by anybody other than people who own it. + +"Ethereum is not Bitcoin's true competition. That is a method of payment. It isn't even made of gold. It's similar to the S&amp;P 500. It's the entire stock market. Every day, Bitcoin trades in this manner "Thiel built his fame as the first outside investor in Facebook, among other things. + +While it's "always difficult" to predict Bitcoin's future, Thiel believes it's the "most honest" and "most efficient" market in the world, referring to it as "the canary in the coal mine" that foreshadowed record-high inflation. + +CEOs Jamie Dimon, Warren Buffett, and Larry Fink are also "enemies" of Bitcoin, according to the venture capitalist, who claims they have a "institutional bias" against the world's most popular cryptocurrency. Wall Street was compared to geriatrics, while cryptocurrency was compared to youth. + +An estimated 25,000 people flooded to the Bitcoin 2022 conference in South Beach, Miami, to learn more about cyrptocurrency and fintech companies, network with like-minded individuals, and discuss the future of Bitcoin as a mainstream form of currency. +Miami has been dubbed the "crypto capital" of the United States and even the world as it attracts a growing number of tech entrepreneurs, investors and startups. + TL/DR: Forbes can suck it. This is my rant. NOT FINANCIAL ADVICE + + + + +I've reconsidered the Forbes article that came out Friday. The more I think about it, the more pissed I've become about the subtle, manipulative, and just plain evil condescension. + + + + +The writer sounded like they were writing a piece complimenting retail investors on our astute comprehension of the numbers. Basically said the little GME investors were NOT just the ignorant peasants that many experts are trying to portray. + + +SOUNDS GOOD, RIGHT? + + + +Well, it was just another headfake, y'all. The writer was framing US (retail investors) as the Goliath, not as the underdog, as the David fighting AGAINST the Goliath. + + + + +Its disgusting. These media shills, including FORBES, are just spewing their own GME panic propaganda. And all the so called 'experts' that say retail investors are 'colluding together' have lost their souls. + + + + +When corrupt leaders at Big Hedgies break the law, and swindle the whole world out of their hard earned dollars...when THEY actually collude to destroy companies, and drive down their stock into bankruptcy for their own profit.....guess what. Crickets. + + + + +NOBODY says or does anything about it. Not the media, not the SEC, not the FBI, not the DTCC, an definitely not Congress. The ONLY reason anyone is 'looking' at it, is because us regular people are now AWAKE to the manipulations and the corruption in every segment of our government and financial sectors. They have to 'look like' they are interested in holding somebody accountable. But they aren't really going after the hedgies. They are going after YOU. ME. DFV. Anyone who dares pull back the curtain. + + + + +But when regular people see a good opportunity, and want to invest, LEGALLY, they lose their shit. + + + + +I don't know ANY of you. I don't take advice from anyone here. I read and research and then make my own decisions. + + + + +But dammit, I see a good opportunity, so I've jumped in the deep end of the pool. I've jumped on the proverbial train. And I will ride it to the end of the line. + + + + +I'm gonna be honest, I'm just tired. I'm tired of living on the edge of broke for years. + +I just want to be able to finally get my kid braces. To buy myself my good vehicle, or at least fix the one we have. It has 148K miles and is definitely dont feel safe to travel on roadtrips. I dont even like to drive across Houston, just in case the engine light goes on again. + + + + +My credit is not great, so I cant finance a car. (Don't say it. I've already tried. Twice in 18 months. Every time I try again, it tanks my credit further) And since I'm self employed, I don't have a JOB that pays me a regular paycheck. Therefore the "Your job is your credit" financing isnt an option either. So YA, Momma wants a car. + + + + +I want to take a family vacation. Hell I want to take a weekend with my husband every once in a while. + + + + +I want to do fun things, and important things like help my kids go to college, IF they want to. + + + + +I want to be able to give a $100 tip to the struggling server, or even provide a fabulous Christmas for some family in need. + + + + +If this makes me a greedy Bitch, I guess I'm a greedy bitch. + + + + +But it DOESNT make me a criminal. It DOESNT mean I am 'scheming' to manipulate the stock market. OR that I am part of a "premeditated, predatory take-down of a cornered and defenseless counterparty." as FORBES claims. ell, WE are the cornered, defenseless counterparty, NOT the multi BILLION DOLLAR Hedge funds! + + + + +Are you friggin' KIDDING ME??? My shares, and even ALL the shares we hold as retail investors do NOT have the power to MOVE the market. The BIG institutions are the ones with the power to actually tank the stock or lift the price. + + + + +WE, the reddit investors, are just little ants on a log; riding the roaring waters of the market, hanging on for dear life! And if we HANG ON, then we can make it to the end of this crazy ride, safe and DRY. + + + + +We SEE the end of the journey and are willing to take that journey. Who are these people to say that we are greedy for just jumping on board and risking our money, even maybe our lives, to arrive at the end of that beautiful run? + + + + +Who are they to say we are greedy for just tagging along, for playing THEIR game, the RIGHT way? + +Truth is, these hedge funds hold the investments of millions of innocent investors in their hands. And THEY are the ones who have risked these people's fortunes, their very LIVES, playing a rigged game. THEIR greed and corruption has been revealed. + + + + +And I'm sorry if they are freaking out. But its just what happens when you GET CAUGHT. + + + + +TO BE CLEAR: My goal is not to crash the market or to destroy hedge funds, even tho I think some people should go to jail for their illegal activities. + + + + +I just want to ride the rapids. To take the risk and get the payout I know is coming. Not because I know I'm so deserving, but because I know the numbers don't lie. That's not criminal. Its not even shady. Its SMART. + + + + +I will end up in a calm, peaceful lake, surrounded by big beautiful mountains. I will finally be able to enjoy the view. I will send my kids to college, buy those braces, buy safe car, and even go on a beautiful vacation. + + + + +And hey Forbes, hey Cramer. Hey all you crooks investigating DFV.....listen up. + + + + +THATS not greedy. Its INEVITABLE. + + + + +(NOT FINANCIAL ADVICE. DO WHATEVER THE HELL YOU WANNA DO. I LIKE THE STOCK) + + + + + + + + + + +EDIT: + +Seriously tho. We are bonded together by a common goal and common struggles. No matter our color, gender, race, religion or political ideology, the real war is against evil and corruption. For the right to pursue our own destinies and our own version of happiness. + + +"We wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places." - Ephesians 6:12 KJV + +EDIT EDIT: +Here is the link to the Forbes article +https://www.forbes.com/sites/georgecalhoun/2021/03/05/gamestopgamestonk-has-nothing-to-do-with-the-madness-of-crowds/ + +Thank you ALL for making a momma feel seen and heard and for all the support. + +I can't believe how this has blown up.🤪 I woke up to over 200 more notifications and am trying to catch up on all the comments. Holy Moly! + +Even tho it stings, sort of funny some think I'm a shill.😆 + +Nope. Just a regular momma, who obviously doesn't know all the ins and outs to reddit. My 16 yr old can't decide if he's proud or embarrassed his mom is using reddit now🙃 +One of the most controversial things in all my previous posts have been when I mentioned I am self insured as someone who FIREd in my 40s (now in my mid 50s). While I often get the predictable name calling and general questioning of my sanity, I also get a lot of questions about how it works in practice, so anytime something comes up, I try to post about the process to show exactly how it works. + +Last week I developed some alarming symptoms. Top of my feet were numb, middle of my back was also tight, lower back was feeling mild pain, blood pressure was up, was getting dizzy when I stood up, etc...just a bunch of stuff that had me worried. So I walked in to my local Advanced Practice Clinic. No waiting, they could see me right away. Went over everything with the staff, they took blood to be sampled for full diagnostic. Cost for walk in visit and blood tests was a total of $180. They also sent me to an independent x-ray lab to see if something was out of place in my spine causing a nerve to be pinched. X-ray tech took a total of 16 slides from upper to lower spine. Total X-ray cost $70. They also gave me prescription for the back pain, $20 for a 90 day supply of muscle relaxers. + +Blood test results came back next day. Turned out it was caused by mainly a lack of salt in my system, along with some other electrolytes being depleted. I don't add salt to my food, and it has been extremely hot here recently. I exercise outdoors, and try to get most of it done in early morning, but I still have been sweating buckets while getting in my 5 miles a day. Losing all this sweat, along with drinking lots of water and urinating a lot meant what little salt I get in my diet was all being flushed out of my system before it was being absorbed as it should be...so what seemed like scary issues turned out to be just an adjustment of me getting more salt and electrolytes in my diet during this heat wave. I made the adjustment, got almost immediate results. They said it might take a week or so for me to get back to where I should be 100%, but anyway...medical crisis adverted for a total of $270. + +I usually get my blood work done once a year, but since this caused it to be done mid year, it was nice to see the overall results showed everything was great except that electrolyte issue. Said I had the lowest cholesterol level they had ever seen, even beating my previous low results. (I explained my diet to them) + +I hope this doesn't start yet another debate about how stupid I am for self insuring, but I did want to show real numbers and real issues as they arise. This brings my total medical expenditures for the year to just over $300. +My family is probably not safe after posting this but it's certainly a perspective worth considering. + +**" House prices will only fall 5pc or move sideways. "** + +[Article in the comments or here.](https://www.afr.com/wealth/personal-finance/house-prices-will-not-fall-sharply-20200423-p54mj9) + +&#x200B; +I have about 14k in various stocks. I have 2k in my savings account. I really tried to push the stock market hard this year as a means to make some money. Hence no savings. My cat is now really sick and needs a surgery and I’m looking at about 10k all said and done. I’m going to go through with it. I have no credit card debt right now. Would it make sense to put the surgery on the credit cards and keep the money in the stocks? Then work on aggressively pay them off in the next several months. Maybe get it done in the next 6 months. Or pull out all that stock money and pay for the surgery outright? + +Edit: after and x-ray and an MRI. The prognosis wasn’t good. So we decided to put him down today. If we would’ve kept going for treatment the estimated cost would’ve totaled 17k all said and done. And a questionable quality of life. Getting a second opinion, traveling to Mexico, going to a veterinarian school and getting a no interest credit card were all options suggested to me. None of those options seemed to work out for us. Still ended up costing around $5,500. For the overnights and all the test. Thank you to everyone who reached out and spent some time with my story. +Hi all, some background info. My wife and I are mid-20s, combined to make around $25 an hour total together (around 50k), No kids. We have recently gotten our debt under control (back to min payments and most of the time throwing a couple hundred dollars at a time at high interest accounts.) We live in Boise, ID and pay to rent a room for $900, no utilities, safe nice house. After all of our debts, 401k, insurance, taxes, and monthly bills we have about $1700 for savings, food, gas, and other monthly expenses. + +Now, I have been looking back at YNAB and I'm astounded at how much we are spending on food. We aren't wasting food and we cook at home typically about 5 nights a week, and groceries make up close to $400 of that number. The other 2 nights are usually eating fast food before we grocery shop on friday, or going out for a dinner Saturday night. The other stuff that adds up is vending machine, gas station, etc. My question is how do yall curb this? I know the logic behind stopping it, but as far as willpower goes, when I get unexpectedly hungry at 4 pm at work it's really simple to spend $2 on a frozen burrito for a quick pick me up. I have heard of the envelope method, but it makes me nervous having that much cash outside of the bank. + +I just have to stop this bleeding. We could be miles ahead of our expected debt payoff date (APR 2019) if we could cut this in half, which from reading a lot of the budgets on this sub, is doable. + +ANy tips or anecdotes? + +Thanks. +Guten Morgen (¡y hola!) to this global band of Apes! 👋🦍 + +Apes, I cannot help but feel like (once again!) like we are getting closer to the inflection point of this movement, where suddenly the cards will begin to fall and the reality of the situation will be laid bare to the world. The core thesis of the GameStop MOASS movement is that hedge funds have created phantom shares by selling shares that they never borrowed, and have abused their market maker privileges (and deep connections on Wall Street) to hide the true scale of their short positions. We have seen indications of this countless times, but yet the SEC continues to fail to stop the practice and they continue to naked short GME. + +However, they cannot continue much longer. Shareholders have begun voting FOR a motion to approve allowing GameStop to issue additional shares for the express purpose of a share dividend, which the board intends to proceed with if the measure passes. This is not a controversial vote - anyone who owns shares and understands what a share dividend will do to the short sellers is going to benefit greatly from approving the measure. Additionally, between the shares that Apes HODL at ComputerShare and what RC and other GameStop insiders own - there is little chance of the measure failing. Even so, the 300m currently approved shares are plenty to issue a stock dividend, though on a much smaller scale. + +Meanwhile, GameStop is quietly moving forward with its own plan to revolutionize retail. The weekend's hints that May 5th could be a big announcement have me hopeful that we're going to see back-to-back blows against the Institutional Shorts that sends them reeling. They are desperate to get out of their positions before being forced to provide 7 shares for every share they are short. When GME runs in the next few weeks based on announcements in the NFT space, will any SHFs panic and rush to close first? Will the broader turmoil in the housing and stock market cause them to get a margin call? Let's see if we can glean anything in the pre-pre-market! + +Today is Monday, April 25th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$137.51 / 127,12 €** *(volume: 1174)* +- 🟥 115 minutes in: $137.52 / 127,13 € *(volume: 1170)* +- 🟩 110 minutes in: $137.74 / 127,34 € *(volume: 1161)* +- 🟥 105 minutes in: $137.51 / 127,12 € *(volume: 1158)* +- 🟥 100 minutes in: $137.81 / 127,41 € *(volume: 958)* +- ⬜ 95 minutes in: $137.85 / 127,44 € *(volume: 932)* +- 🟩 90 minutes in: $137.85 / 127,44 € *(volume: 931)* +- 🟩 85 minutes in: $137.82 / 127,41 € *(volume: 831)* +- 🟩 80 minutes in: $137.75 / 127,35 € *(volume: 830)* +- 🟩 75 minutes in: $137.57 / 127,17 € *(volume: 823)* +- 🟩 70 minutes in: $137.53 / 127,15 € *(volume: 700)* +- 🟥 65 minutes in: $137.19 / 126,82 € *(volume: 690)* +- 🟩 60 minutes in: $137.70 / 127,30 € *(volume: 298)* +- 🟥 55 minutes in: $137.69 / 127,29 € *(volume: 262)* +- 🟥 50 minutes in: $137.78 / 127,37 € *(volume: 227)* +- 🟩 45 minutes in: $137.88 / 127,47 € *(volume: 190)* +- 🟥 40 minutes in: $137.84 / 127,43 € *(volume: 185)* +- 🟩 35 minutes in: $137.94 / 127,52 € *(volume: 185)* +- 🟩 30 minutes in: $137.73 / 127,33 € *(volume: 184)* +- 🟩 25 minutes in: $137.64 / 127,24 € *(volume: 118)* +- 🟩 20 minutes in: $137.59 / 127,19 € *(volume: 107)* +- 🟩 15 minutes in: $137.42 / 127,04 € *(volume: 105)* +- 🟩 10 minutes in: $137.18 / 126,82 € *(volume: 102)* +- 🟥 5 minutes in: $137.10 / 126,75 € *(volume: 45)* +- 🟥 0 minutes in: $137.18 / 126,82 € *(volume: 45)* +- 🟥 US close price: $138.22 / 127,78 € *($137.46 / 127,08 € 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 1.0817. 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! +Because of the numerous advantages of "photons" (light) in comparison with "electrons", photonic circuits (to "use" this photons) will be implemented in almost every electronic device (**datacom, 5G, LiDAR , medical devices, sensors, quantum computing, neurotrophic computing,...**) and thereby replacing the old, expensive and limiting electronic structures, in the near future (couple years from today). + +**Video about optical computing (photonic circuits):** [https://www.youtube.com/watch?v=UWMEKex6nYA&ab\_channel=Futurology%E2%80%94AnOptimisticFuture](https://www.youtube.com/watch?v=UWMEKex6nYA&ab_channel=Futurology%E2%80%94AnOptimisticFuture) + +**Just like the internet, hydrogen, electric vehicles, green stocks,...the photonic circuit market is forecasted to take off.** + +**Market sales forecast of optical transceivers:** + +https://preview.redd.it/8kkau3wvqfu71.png?width=1062&format=png&auto=webp&s=d631f55e8d0a85bae3311bbc7395b1a4ddbc01b4