diff --git "a/reddit_finance_43_250k_278.txt" "b/reddit_finance_43_250k_278.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_278.txt" @@ -0,0 +1,10000 @@ +It has been more than 3 months since SegWit was activated. The current level of support for Segwit is abysmal at only 13% of all transactions using SegWit (http://segwit.party/charts/). If everyone right now switched to a SegWit supported wallet, the mempool would likely be empty again allowing for instant transactions once again. While we're all looking at the Lightning Network to solve the congestion issues, the is a much easier and faster fix right in front of us and that is SegWit. + +**Why isn't everybody using SegWit yet?** + +That is likely due to the fact that some very large exchanges have yet to activate SegWit on their site yet. Once they do activate SegWit , we should see the number of SegWit transactions rise up. This doesn't just benefit the users as the exchanges themselves will also pay less fees. In other words, we need to pressure all big exchanges into activating Segwit. Not next year, not next month but NOW. + +**How can I check if my wallet is Segwit compatible?** + +Good news is, most hardware and software wallets use SegWit. SegWit (P2SH) addresses begin with a “3”, like multisig addresses so they are easy to spot. If your wallet address does not begin with a 3, then it's not SegWit compatible. Those are the addresses we need to get changed and updated to SegWit compatible ones. + +**So who hasn't activated SegWit yet?** + +It's time to name and shame the exchanges that haven't activated SegWit yet. You can find a list of all major exchanges and players that have activated SegWit right here: https://bitcoincore.org/en/segwit_adoption/ +If your wallet or exchange is NOT highlighted in green, it means it still hasn't activated SegWit yet and needs some serious encouragement from their paying customers. Those will either be marked in yellow as a *work in progress* or marked in white as *planned*. Neither of those two statuses are acceptable. It has been more than 3 months now and neglecting to activate Segwit is becoming a serious problem for the whole blockchain and needs to be dealt with right now. + +**You can help speed up SegWit activation!** + +This is where big numbers hold big power. You can all help by first checking if your wallet is SegWit compatible (needs to start with a 3). If it's not SegWit compatible, then please make whoever provided the wallet is aware of this issue you are facing and request them to provide a SegWit wallet as soon as possible. So for example if you have a wallet on Coinbase, you will notice it has not activated SegWit yet. You help the cause greatly by sending the exchange support a message that you want to see SegWit activated on their exchange. If you want to take it one step further, you could move your Bitcoins and other funds away from your non-SegWit wallet and exchange to one that does have SegWit activated. + +The time for action is now. If you have any questions, please ask them. + + +*tl;dr: SegWit adoption is seriously low. If we can increase it we get faster transactions at lower costs.* +Most people advise against US stock investing if capital is less, but here is my take on it. + +If someone is investing for long term in a non dividend paying company then there are very less compliance to follow. + +1. You don't have to get into the mess of DTAA and claim tax refund of dividends which were taxed in US @ 25% +2. Some people argue about tax and charges. Apart from forex markup you don't have to care about anything upfront. If you are in for long term, you don't have to pay tax upfront. If you sell stocks after a few years you have to pay 20% tax (after adjusting for inflation/indexation) and this shouldn't hold you back from investing because you don't have anything to do upfront. +These small charges would seem like peanuts when compared to the returns that you could generate with truly global companies. Personally I feel currency depreciation in long term would easily take care of this 1% forex markup that I have to pay upfront. +3. Only compliance you have to follow is to declare these stocks under foreign assets in your ITR. Everything else will kick in once you sell stocks in future and have already made profit. + + +I read a few threads here which advised against US stock investing if capital is less, but I went ahead and did my own research to find a workaround. The key here is to not invest in dividend paying companies if compliance feels overwhelming to you. Off-course the company you invest today, may decide to pay dividends in future and you will have to act accordingly. + +This was my opinion, am open to understand other's perspective. +Saw a lot of people concerned about YES Bank on here so thought I'd post something I knew a bit about. + +Last week a news article came out about YES Bank taking over the project of Radius Developers & Sumer Group on SV Road in Santa Cruz, Mumbai cuz the developer had defaulted on a loan of 450Cr. + +Let me tell you, that's just the tip of the iceberg. Radius is relatively a new developer in Mumbai. Born out of the Wadhwa Group they started operations around 2015. Instead of quietly and conservatively building up a portfolio of projects the owner (Sanjay Chhabria, who'd worked at Wadhwa for more than a decade and had a lot of industry contacts), recklessly signed up JVs on lot of projects which his balance sheet could in no way support. + +The major issue is this, in some projects, the financial model on which the project was taken up is only flawed. Basically Radius is never gonna turn a profit on some of the projects they've taken up. Yet somehow banks have compromised on their underwriting standards and lent him more than Rs. 10,000Cr simply cuz he had a relationship with many of them since his Wadhwa days. And yes, he's very close to Rana Kapoor of YES Bank. + +From what I've heard, the company operates like a VC funded tech startup (which obv can never work in real estate development) with ridiculous number of people on payroll, high salaries and other reckless spending and have nothing to show for it and MAINLY, dependency on refinancing debt which is nigh on impossible in this market where prices haven't appreciated and there's a liquidity squeeze. + +They've only delivered a single project yet which is of a relatively smaller size. Most of the projects that they launched don't have a lot of construction progress. There are rumors of Sanjay Chhabria siphoning off bank funds meant for construction into his shell companies and personal accounts a la HDIL. + +All the projects are loaded up with a tonne of debt. HDFC has lent 600Cr to them on the BKC project where there's still decent construction progress. But also on their Chembur SRA project which has had huge issues of approach roads being blocked by a masjid which led to massive delays etc etc. They started construction on a big project in Mazgaon but somehow ran out of funds just after excavation. + +So I'd keep an eye on the banks with a lot of exposure to this developer (YES Bank is gonna see a lot more pain imo) as all this dirt hasn't come out yet mainly cuz the banks aren't reporting it or the payments haven't come due. +Slight background, going from about 170k a year to about 70k. My current job is a traveling rotational job that demands me to be away from home for long periods of time. The new job is five minutes from home, get to go home every night, but with a very new and expanding company that has an unknown back around. + +Has anyone else taken this kind of pay cut to be home every night and not regretted it? I don't mind my current job, I quite enjoy it while I'm working, but I'm just sick of missing all the birthdays, weekend camping trips, quality time with my wife, etc. + +Edit: This blew up a lot more than I expected it to. I'm trying to keep up, but in the mean time, some more backaround. I would be giving up a very niche line of work, with very few cross over skills (I won't bore with the details). Our budget would work out just fine when it comes to day to day living expenses, but our recreational budget would be slashed. We do quite a bit of world wide traveling and that would have to be cut down dramatically. I have been saving over half my income towards retirement, to maybe the average of 5-7%. +https://www.reuters.com/article/us-unitedairlines-stock-offering/united-airlines-sells-1-billion-of-stock-in-fresh-move-to-weather-pandemic-idUSKCN22337A + +>(Reuters) - United Airlines Holdings Inc (UAL.O) on Tuesday announced a public offering to raise more than $1 billion, the first major airline to sell equity to help it survive a sharp travel downturn in the coronavirus pandemic. + +>The offer of 39.25 million shares, underwritten by Morgan Stanley and Barclays, was priced at $26.50 per share, United said in a statement, a discount of 4.9% on Tuesday’s close. +Worth getting if you're interested and want to expand your news sources...plus they plugged the paywall loophole haha. Hope mods allow this because it's a fairly essential source of news for finance professionals. + +Edit: Link [here](https://buy.wsj.com/aprapac/?inttrackingCode=aaqmzpax&icid=WSJ_ON_ASUB_ACQ_NA). I'm in Asia if that makes a difference! +I graduated last year and realized the reason I still have no job is due to my introverted nature and poor communication skills. Perhaps someone could even relate? I want to develop this skill in any way possible and would appreciate some advice. +I love Bitcoin and I've been deeply involved in it since 2012. It is without a doubt the best STORE OF VALUE ever devised. I fully expect it to surpass gold in that regard. So there is a lot of growth left. + +That being said, everyone here needs to psychologically prepare themselves for a 75% (or possibly even more) crash. Due to the extremely strict supply limits of this money, the bubble/bust cycle will NOT magically stop. This current bubble could take us beyond 10,000, and the crash could take us below 1,000. Get that in your head now. Let it sit in your mind for a while and absorb it at an emotional level. + +In the long run we'll all be okay and very glad we were buying so early. But in these happy times, just remember: This Too Shall Pass. +I’m fairly new to the RE Investment business and to this sub as well. I have been lurking the posts in here for about a day and I became very curious as to how you all got your starts. I really wanted to share my start, and get feedback from more experienced investors, so it works out great. + +Where did your starting capital come from? What type of property did you purchase? How old were you? Etc. + +I’ll go first. + +I started my business this year at age 20. It consists of me and a longtime friend of mine who has a real estate photography business of his own. We are looking to focus on wholesaling and minor flips from foreclosed properties. A majority of the starting capital came from my and my life savings. I have been working and saving since I was 15 for this opportunity (I watched a lot of HGTV). I won’t mention exacts, but we started with less than $45k. We purchased our first property (single family 4bed 2bath) in October, and am currently in the process of selling it for a $30k profit. I know it’s nothing too crazy, but enough capital to increase that margin for the next property! + +I look forward to hearing the other responses. I am more than excited to finally achieve my goal of being a real estate investor. +Want to get opinions on what you think is a fair deal on partnering with a friend. Friend is willing to put down 50% of deposit but I would pay mortgage payments as I'd live in the place. After selling would return $ back plus share of net gains or would buy out the equivalent. + +Do you think this is a fair deal for both parties especially my friend? Obviously he assumes some risk in a co-mortgage. + + +**Introduction**: There has been a lot of discussion as to the increase in money supply and inflation. Most seem to think that an increase in M2 inevitably leads to inflation in prices of goods and services. This couldn't be further from the truth. There was previously a strong correlation between the two up until 1990. From then on, the correlation has reversed and is negative. There is now a much stronger relationship between increases in the money supply and decreases in the velocity of money, meaning that money is not moving through the economy as it once did. This means that increases in the money supply are not getting spent. And as we all know, money must be spent to cause inflation. This is why economists are not overly concerned about the recent rapid rise in the money supply causing inflation. + +So here are the four easy charts: + +1. This [first chart](https://docs.google.com/spreadsheets/d/e/2PACX-1vQY4owBA5SP28Ng2glt_fG0jnDXTgwvsp-Q90VTA5_TTqrSZQRjkUTZeE1Zt5BOSxCnkHz-TX6HWu2z/pubchart?oid=809733064&format=image) shows the correlation between the adjusted money supply and inflation. The M2 money supply is adjusted by subtracting real GDP. This amounts to the excess money beyond what is needed to grow real GDP. This has the strongest correlation with inflation. Inflation is measured by the implicit GDP price deflator, which measures the actual items that were spent in the year vs. a previous year's base price. You can use PCE or CPI, but the relationship is very similar. (Also I'm using an 8 year moving average because this gives the strongest correlation between the two variables. The correlation is very weak in concurrent periods, and gets a little stronger using 2 and 4 year moving averages.) You can see from this chart that the correlation was very strong from 1968, the first year of the 8 year moving average, through the end of 1990. R = 0.95 and R\^2 = 0.90. This indicates that 90% of changes in inflation can be explained by the changes in the adjusted money supply. This strong relationship has lead the general public to believe that the two variables are inherently related: That is, that the expansion of the adjusted money supply inevitably leads to inflation. +2. The [second chart](https://docs.google.com/spreadsheets/d/e/2PACX-1vQY4owBA5SP28Ng2glt_fG0jnDXTgwvsp-Q90VTA5_TTqrSZQRjkUTZeE1Zt5BOSxCnkHz-TX6HWu2z/pubchart?oid=2061624488&format=image) shows the correlation from 1991-2021. You can clearly see that the relationship reversed. R= -0.50 R\^2 = 0.25. This indicates that the rate of inflation decreases as the adjusted money supply increases. It shows a moderate to weak relationship in which the increase in the adjusted money supply explains about 25% of the decrease in the rate of inflation. This can probably be explained by the fact that the money supply has seen its largest increases in periods when the economy was in recession and prices were falling. Needless to say, you can see that the former relationship between these two variables does NOT exist anymore and hasn't for 30 years! +3. This [third chart](https://docs.google.com/spreadsheets/d/e/2PACX-1vQlyD-2fO9g1W3h6VFXV_r-CJo5MdLourVfNF5HMo_uG-8s1Rpu2293GA-_3LkBGbF_WM0CkWI61zXx/pubchart?oid=997615969&format=image) shows the relationship between changes in adjusted money supply and changes in the velocity of money from 1960-1990. The velocity of money is the frequency of monetary transactions in the economy. You can clearly see that the relationship is negative, as the adjusted money supply increases, the number of transactions decreases. R = -0.63 R\^2 = 0.40. This indicates that 40% of the decrease in the velocity of money can be explained by the increase in the adjusted money supply. This is a moderately strong relationship. +4. This [last chart](https://docs.google.com/spreadsheets/d/e/2PACX-1vQlyD-2fO9g1W3h6VFXV_r-CJo5MdLourVfNF5HMo_uG-8s1Rpu2293GA-_3LkBGbF_WM0CkWI61zXx/pubchart?oid=946401508&format=image) shows the correlation of adjusted money supply and the velocity of money from 1991-2021. R= -0.98 R\^2 = 0.97. This indicates the strengthening of the relationship between increases in adjusted money supply and decreases in the velocity of money. You can clearly see that the more money that is pushed into the economy the less frequent that money gets spent. + +**So where is all this money going if it is not going into goods and services?** Economist largely believe that increases in the money supply probably inflate assets, including real estate, stocks, bonds and all other capital and financial assets. PE ratios have been on the rise for 30 years now. The average TTM PE ratio from 1928-1990 was 13.8 times. Since then it is 21x. The 10-year treasury yield from 1928-1990 averaged 5.17%. Since then 4.19%, and 3% in the last 20 years. The are further examples, but I think you can see that the decoupling of the money supply and inflation has probably benefited asset prices. + +**TLDR**: Increasing the money supply does NOT lead to inflation in products and services like it once did. It now results in a lower velocity of money, more savings and higher asset prices. +I'm almost 35 and am starting to become more interested in FIRE. Wife and I have about 600k in various retirement funds and are both maxing out 401k contributions every year. We have 2 young children though so they won't be done with college for about 20 years lol. So I guess 55 seems like my target age. We should have between 2.5 - 4 million I suppose depending on the market. + +What's everyone else's plan? +Hi everyone 🙋🏻 What is your opinion regarding investing only in Dividend Aristocrats vs investing only in S&P 500 e.g. VOO? Any articles which compare the growth rate of Dividend Aristocrats and VOO? I am thinking if Dividend Aristocrats has a higher growth rate than VOO in long run, why don’t we just invest in those at the same time enjoying the dividend payment as free cash flow +Considering taking another job with a hefty paycut to improve my quality of life. + +Currently working nightshift, 12pm - 11am with an hour unpaid lunch - across four days - at Amazon, paying £400 take home a week. This is £13.06 an hour. Overtime is available but rare and is paid at time and a half. + +Ignoring the fact Amazon are the dodgiest of employers, health and safety isn’t their concern, working nights sucks (I’m 3 years in) I’m always tired, barely getting 5 hours sleep a day while on shift and sleeping all day when I’m off. I’m pretty sure my back has aged at least a decade. + +The new job is £10 an hour, 5 days a week, 6am - 2pm. £349 a week take home. Overtime not available. + +I’m considering taking the pay cut at thisi stage. + +It’s worth noting a few things; + +- I work with an agency for adhoc hospitality on a 0 hour basis, I can pick up a shift same day if I ever need the extra cash. - Paid the week after + +- my outgoings are £1100ish pcm, currently leaving £500 pcm, currently this is going to debt payments, this would drop down to £350~ by my calculations. + +- I have unsecured debt of £567, down from £7K at the start of the year. Would likely be clear by the time my notice was up and I moved to a new position. + +What would you do? Change for Quality of life or keep the pay check? +u/atobitt u/redchessqueen99 u/rensole u/pinkcatsonacid u/criand u/mcuban u/deepfuckingvalue u/dlauer **Market markers maybe using the “riskless” principal because MM controls majority of the trades and has the ability to see Payment for Order flow including limit orders. MM just needs to group all orders on buy sides and never report transaction on** u/dlauer **“10 sec” tape. Here’s the references from FINRA rule.** + +[**https://www.finra.org/filing-reporting/market-transparency-reporting/trade-reporting-faq**](https://www.finra.org/filing-reporting/market-transparency-reporting/trade-reporting-faq) + +**Q102.2: Does the 10-second reporting requirement apply to the submission of non-tape reports to FINRA?** + +**A102.2:** No. Members are not required to submit non-tape reports to FINRA within 10 seconds of trade execution; however, regulatory reports generally are required to be submitted within specified time frames. For example, members must submit the non-tape report for the offsetting "riskless" leg of a riskless principal transaction as soon as practicable after the offsetting leg is executed, but no later than the time the FINRA Facility closes for the trading day. See [NTM 00-79](https://www.finra.org/industry/notices/00-79) (November 2000). However, to qualify for the exemption from the requirements of Rule 5320 (Prohibition Against Trading Ahead of Customer Orders) for riskless principal transactions, a member must submit, contemporaneously with the execution of the facilitated order, a non-tape report reflecting the offsetting "riskless" leg of the transaction. See Rule 5320.03. For purposes of this exception, "contemporaneously" has been interpreted to require execution as soon as possible, but absent reasonable and documented justification, within one minute. See NTMs [95-67](http://www.finra.org/ntm/95-67/) (August 1995) and [98-78](https://www.finra.org/industry/notices/98-78) (September 1998). + +Non-tape reports that are submitted for regulatory transaction fee purposes under Section 3 of Schedule A to the By-Laws must be submitted by the end of the reporting session for the FINRA Facility. See Rules 7130(c), 7230A(g), 7230B(f) and 7330(g). + +Clearing reports must be submitted to the FINRA Facilities in conformance with the trade reporting rules, as well as all applicable rules of other self-regulatory organizations, including the rules of the National Securities Clearing Corporation (NSCC) requiring that locked-in trade data be submitted in real time and prohibiting pre-netting and other practices that prevent real-time trade submission. See DTCC/NSCC Important Notice A#7663, S#7333, dated January 7, 2014. + +**Q100.7: What is a "non-tape" report (also referred to as a "non-media" report)?** + +**A100.7:** A non-tape report can be either a "regulatory" report or a "clearing" report, neither of which is publicly disseminated. A regulatory report, sometimes referred to in the trade reporting rules as a "non-tape, non-clearing" report, is submitted to FINRA solely to fulfill a regulatory requirement (e.g., to report certain transactions subject to a regulatory transaction fee or, where applicable, to report the offsetting "riskless" leg of a riskless principal transaction). A clearing report, sometimes referred to in the trade reporting rules as a "clearing-only" report, is used by members to clear and settle transactions; information reported to FINRA in a clearing report is transmitted by FINRA to the National Securities Clearing Corporation (NSCC). Clearing reports also can be used to satisfy a member's obligation to provide regulatory information to FINRA, if applicable. + +***https://www.finra.org/rules-guidance/notices/00-79*** + +**Alternative Approach To Riskless Principal Trade Reporting** + +After reviewing concerns raised by the firms, and consultation with the SEC and NASD Regulation, Nasdaq has adopted a different method for reporting riskless principal trades that can be used as an alternative to the original approach set forth in the *Notices*.3 This new approach can be utilized by both market makers, which for the first time must adhere to Riskless Principal Trade-Reporting Rules, and by non-market makers, which have been subject to the Rules for some time. + +Under the alternative approach, member firms may report a riskless principal transaction by submitting either one or two reports to ACT. The first report would be required only if the member is the party with a reporting obligation under the relevant Nasdaq trade-reporting rule. The second report, representing the offsetting, "riskless" portion of the transaction with the customer, must be submitted by all members electing to use the alternative method for riskless principal trade reporting, regardless of whether the firm has a reporting obligation, when the firm effects the offsetting trade with its customer. This report will be either a non-tape, non-clearing report (if there is no need to submit clearing information to ACT) or a clearing only report. 4 In either case, the report must be marked with a capacity indicator of "riskless principal." Because this is not a last sale report, it does not have to be submitted within 90 seconds after the transaction is executed, but should be submitted as soon as practicable after the trade is executed but no later than by the time ACT closes for the trading day (currently 6:30 p.m., Eastern Time). The effect of the new rule can be illustrated by the following examples. + +***Example 1*** + +A market maker (MM1) holds a customer limit order to sell 1,000 shares of ABCD at $10 that is displayed in its quote. MM1 sells 1,000 shares to a second market maker (MM2) at $10. (MM2's bid represents proprietary interest, not a customer order.) When there is a trade between two market makers, the Nasdaq trade-reporting rules require the member representing the sell side to report the transaction.5 MM1, the seller in this transaction, reports the sale of 1,000 shares by submitting a last sale report to ACT marked "principal." MM1 then fills its customer order for 1,000 shares. Under the new alternative approach, MM1 would submit either one of the two following reports marked "riskless principal" to ACT for the offsetting, riskless portion of the transaction: + +* a clearing-only report if necessary to clear the transaction with the customer; or +* a non-tape, non-clearing report (if a clearing entry is not necessary because, for example, the trade is internalized). + +This submission is not entered for reporting purposes and thus there will be no public trade report for this leg of the transaction. Because MM2 did not enter into a riskless principal transaction, MM2 does not have an obligation to submit the second report. + +***Example 2*** + +Both MM1 and MM2 hold customer limit orders: MM1 holds a marketable customer limit order to sell 1,000 shares of ABCD and MM2 holds a customer limit order to buy 1,000 shares of ABCD, both of which are displayed in the market makers' quotes. MM1 sells 1,000 shares to MM2 at $10. MM1 and MM2 then fill both of their customer orders. MM1 submits two reports to ACT—a last sale report and either a clearing-only report or a non-tape, non-clearing report—as described above. MM2 does not have a reporting obligation under the Nasdaq trade-reporting rules because it bought 1,000 shares from MM1. Therefore, it does not submit a last sale report for the transaction with MM1. However, for the offsetting transaction with its customer, MM2 is obligated to submit to ACT either a clearing-only report or a non-tape, non-clearing report marked "riskless principal." + +SEC.gov search **“riskless”** has many issues on subject including a study by **Laura Tuttle · Senior Financial Economist at U.S. Securities and Exchange Commission** March, 2014 https://www.sec.gov/files/marketstructure/research/otc_trading_march_2014.pdf + + +“Broker-dealers effect trades for customers acting in a principal, agency, or riskless principal capacity. **The capacity in which a broker-dealer acts can affect how the volume of OATS execution reports relates to the volume of trades on the consolidated tape.** Generally, a principal trade is one in which the BD trades for the firm’s own account. In an agency trade, the transaction is conducted on behalf of a customer; the BD does not own the position at any point in time. A trade can generally be classified as riskless principal when the BD acquires the position for the firm’s account with the intention of using it to fill (at the same price) a customer order it has already received. These three capacities can be similar economically but have different reporting requirements to OATS and the Consolidated Tape. For example, agency and principal trades generally require one execution report in OATS for each side, and one report to the consolidated tape per trade. **The second leg of a riskless principal trade, however, would generally have an OATS execution report for each side but no associated consolidated tape report. In view of the different ways in which a client order can be executed and their differential impact on consolidated tape volume, I interpret volume figures cautiously.** In addition, I provide detail regarding the percentage of volume being transacted as riskless principal to allow for interpretation by readers.” + +**Mr. Brent J. Fields Federal Advisory Committee Management Officer and Secretary Securities and Exchange Commission** Aug. 21, 2018 https://www.sec.gov/comments/265-30/26530-4268151-173129.pdf + + +“We also are concerned that delayed dissemination of **block trade reports can mislead the market about supply and demand** conditions when dealers distribute the block in smaller trades whose reports are immediately disseminated. For example, if a dealer crosses $20 million in bonds from one seller to four buyers each buying $5 million on a **riskless-principal** basis, under the recommended proposal, **FINRA would delay dissemination of the $20 million dealer buy report** but would **immediately disseminate reports each of the $5M dealer sales.** The immediately disseminated reports would give the appearance of surplus buying demand and the possibility that one or more dealers have been left short facilitating this customer demand. The response to such **reports could artificially push the price of the bonds higher,** at least until FINRA disseminates the “$10MM+” dealer buy trade two days later.” + +**SEC** June 10, 2021 https://www.sec.gov/rules/sro/cboebyx/2021/34-92149.pdf offer to sell tax payer paid for information of Short Sale data and “riskless” principle data which could be used in market manipulation. + + +“The Exchange proposes to offer Short Sale Volume data on an end-of-day and intraday basis which will be available for purchase by Members and non-Members. Specifically, the Exchange proposes to offer an end-of-day short sale volume report that includes the date, session (i.e., Pre-Opening Session,4 Regular Trading Hours,5 or After Hours Trading Session6),7 symbol, trade count, buy and sell volume, type of sale (i.e., sell, sell short, or sell short exempt), capacity (i.e., principal, agent, or **riskless principal**), and retail order indicator. The end-of-day Short Sale Volume data would include same day corrections to short sale volume.” + +**SEC v Citadel Cease and Desist** Janurary 13, 2017 https://www.sec.gov/litigation/admin/2017/33-10280.pdf + +Many wholesale market makers largely handle marketable orders on a fully automated basis, using proprietary algorithms to determine whether to execute the order, in whole or in part, as a principal (i.e., internalize, or take the other side of the trade) or whether to attempt to fill all or part of the order on a **riskless principal basis by sending orders to a variety of other trading centers, including exchanges, dark pools, and other wholesale market makers.** + + +**SEC v Credit Suisse Cease and Desist** Sept. 28, 2018. https://www.sec.gov/litigation/admin/2018/33-10565.pdf + + +“9. **The RES desk executed order flow on either a “principal” basis or a “riskless principal” basis.** In a principal execution, also referred to as “internalization,” RES took a proprietary position with risk by either buying from or selling to the customer. **In a riskless principal execution, RES also bought from or sold to a customer,** but RES did not take on any meaningful risk because RES, with a customer order in hand, first obtained the position in the marketplace **(e.g., by trading principally on lit markets or in a dark pool),** and then provided a corresponding execution to its customer at the same price (or better). RES executed held customer orders in one of three ways: **(i) RES traded as principal to fill the entire order; (ii) RES executed the entire order on a riskless principal basis; or (iii) RES executed some of the order on a principal basis and some on a riskless principal basis (referred to herein as “split fills”).** + +10. For the held orders at issue, RES did not charge customers commissions or markups, and instead sought to **profit from its principal trading.** RES considered two elements of potential profit: **(i) spread capture (i.e., capturing the difference between the bid and ask for a security at the time the order was received); and (ii) impact capture (as set forth below).** RES also considered the potential risk associated with internalizing all or part of the order. + +11. **The RES desk executed over 15 million held orders (over 8.5 billion shares) with a total market value of approximately $227 billion during the Relevant Period.2”** + +**TL;DR** 🤔💡💭 Imagine MM can see majority of volume and flow including market orders. Say bid $50.05 Ask $50.25. Market Markers can group all orders together reclassify as "limit orders" @$50.25. Then file “riskless” principal non-tape transaction. Meaning no record of transaction or delayed reporting. Send millions of volume plus limit orders to dark pools or not. Under this “riskless” principle only have to report by 6:30pm. + +**This maybe the reason why there are massive spike or decrease in volume, after hours.** + +Or just group the wholes days limit orders and with all the same price and classify as “riskless” and orders can disappear from tapes. + +To categorize “Riskless” principal transactions can have no-tape (record) or trail of transactions or at minimal delayed in reporting until 6:30pm eastern after market hours. This can help facilitate inaccurate volume and true supply and demand pricing of a stonks, bonds, and so forth. + +**Citadel** received a SEC Cease and Desist in Jan 13, 2017 using the “riskless” principal. + +🤑 Exchange offers the sale of Short Interest Data and “riskless” principal transaction. +Just look around you, left and right people and quitting crypto because "they don't believe in it anymore" but the true reason why is because they aren't money off it anymore. If we were in a bull market where we would see green candles all day everyday they wouldn't dare get out but the opposite they'd be dancing all day and screaming crypto to the mooooooooon. + +This sub has many posts of people saying goodbye recently and I think these events mark a possible bottom for the market in my opinion. + +Crypto fundamentals never changed, bitcoin is still scarce, ethereum is still the biggest smart contract platform, and the other developments are also the same. + +If you are a Dev you will probably enjoy this time to build a project and have time to polish it and gather backers and a member base. + +If you are a normal investor then you aren't having a great time looking at the color red everyday. + +Right now most of the retail beginners exited, +it's just me, you and the whales. + +Thank you for reading +Have a nice day! + All charts were taken from Kraken's OTC Daily email. + +&#x200B; + + “*All models are wrong, but some are useful.*” +\- George E. P. Box + +&#x200B; + +### Ethereum's Logarithmic Regression Rainbow + +https://preview.redd.it/x4r1zzhqtdy61.png?width=3284&format=png&auto=webp&s=3d647eaba0b53ef1e3d84a2cfe65709fe66e033f + + +**How To Read This Chart:** + +* Using ETH’s historical price action, we can plot logarithmic regression trendlines that coincide with historical levels of support and resistance. +* These lines can be useful for navigating bull and bear market cycles, as well as for identifying critical levels of support and resistance. +* Do note that with each day that passes, ETH's logarithmic regression rainbow trends higher. This means the longer ETH can continue to trend higher to the next subsequent regression trendline, potentially the higher the market cycle top. + +**What You Should Know:** + +* At a current price of $3,986, ETH currently resides between Band 5 ($5,280) and Band 6 ($2,832). +* Based on these regression lines, ETH's next big test of resistance is currently $5,280 while support resides around $2,832. +* A move up to Band 8, which coincides with ETH’s previous market cycle top, would imply a $16,020 Ether and a +301.8% return from current price. + +### Bitcoin's +1 Yr. HODL Wave + +https://preview.redd.it/wcr1dxtttdy61.png?width=3524&format=png&auto=webp&s=f4b2ed9176e636d8bce40f85af922273f03dcc8e + + +**How To Read This Chart:** + +* BTC's +1 Yr. HODL Wave shows what percentage of coins in circulation haven't been moved in at least 1 year. +* When charted against BTC's price, one can identify trends that coincide with bull and bear market cycles.  +* Historically, a local top in the +1 Yr. HODL wave is congruent with the start of a new bull market. When the number of untouched coins begins to decline amid rapid price appreciation, one can be confident that a new bull market cycle is likely underway. +* When the downward slope of the HODL wave grows increasingly steeper, one can assume that selling pressure is beginning to increase and supply is likely to outpace demand. As such, a cycle top is presumably creeping closer. +* Prior to hitting a local high, a gradual increase in the +1 Yr. HODL wave signals that market participants are in "accumulation mode." + +**What You Should Know:** + +* BTC's current +1 Yr. HODL Wave reading sits at 54.78%, i.e. 54.78% of all coins in circulation haven't been moved in more than a year. This is down -8.6 percentage points from a local top of 63.4% set on September 9, 2020. +* On January 31, 2013, BTC's +1 Yr. HODL Wave hit a local high of 48.2% and the price of BTC was at $20.40. When BTC hit a cycle high of $1,158 on November 30, 2013, the +1 Yr. HODL Wave reading was at 38.8%. That is, over the course of 303 days, the number of coins that hadn't been moved in more than a year had fallen 9.4 percentage points while price appreciated +5,580%. +* On January 19, 2016, BTC's +1 Yr. HODL Wave hit a local high of 61.5% and the price of BTC was at $380. When BTC hit a cycle high of $19,660 on December 17, 2017, the HODL Wave reading was at 43.1%. That is, over the course of 698 days, BTC's HODL Wave fell -18.4 percentage points while price appreciated +5,073%. + + +### Bitcoin's 200W Moving Avg. Multiple + +### + +https://preview.redd.it/fxecw8dwtdy61.png?width=3572&format=png&auto=webp&s=d8fb8c9cf5f698eca20320da455c1f4f54e2c191 + +### How To Read This Chart: + +* **200W Moving Average:** A critical level of support used to determine an overall long-term market trend. The trendline measures the average price of BTC over the prior 200 weeks. +* **Moving Average Multiple:** The multiple with which BTC is trading at relative to its 200-week moving average. For example, a multiple of 4.0x means BTC is trading at 4x its 200-week moving average. + +**What You Should Know:** + +* In prior bull market cycles, BTC has traded as much as 10x - 15x its 200-week moving average prior to entering a bear market. +* BTC's 200-week moving average is 4.47x. That is, BTC is trading at 4.47x its 200-week moving average ($12,467), down from last week's multiple of 4.78x. +* Given today's 200-week moving average of $12,467, a 10x - 15x multiple would imply a BTC price of $124,670 - $187,005. +* BTC's 200-week moving average multiple hit a local high of 10.3X for the week of April 4, 2013. On April 9, 2013, BTC hit a cycle high of $259. +* BTC's 200-week moving average multiple hit a local high of 13.2X for the week of November 25, 2013, which coincided with a market cycle top of $1,158. +* BTC's 200-week moving average multiple hit a local high of 15.2X for the week of December 11, 2017. That same week, price hit a cycle high of $19,660. + + +### Bitcoin's Bull Market Weekly Support  + +https://preview.redd.it/qhfxrt4ytdy61.png?width=3394&format=png&auto=webp&s=d701291c49567da14a149e0074f5f8fc128ef80c + +**How To Read This Chart:** + +* BTC's Bull Market Weekly Support tracks two critical levels of support that have acted as last lines of defense in prior bull market cycles: BTC's 20-week exponential moving average and 21-week simple moving average. +* In prior bull market cycles, BTC has mean reverted down to the 20W EMA and 21W SMA before bouncing and resuming its uptrend. +* When BTC breaks below both moving averages, the likelihood of BTC's bull market coming to an end is heightened. + +**What You Should Know:** + +* At a price of $55,750, BTC's 20-week exponential moving average is $47,994 and its 21-week simple moving average is $47,967. +* A move down to BTC's 20-week exponential moving average would imply a -13.9% correction from current price. +* A drop down to BTC's 21-week simple moving average equates to a -14.0% drop from current levels. + +### Bitcoin's Google Trends Searches + +&#x200B; + +https://preview.redd.it/6romf4s0udy61.png?width=3486&format=png&auto=webp&s=727bc40cb45f112ea3169549c5236a16f2191693 + + +**How To Read This Chart:** + +* BTC's Google Trends Searches compares BTC's price relative to monthly worldwide Google searches for "Bitcoin" when looking as far back as 2010. +* This chart can lend insight into sentiment and/or interest in BTC, particularly in bull market cycles. +* Parabolic jumps in Google searches and price may suggest that BTC is either close to reaching a local top and/or a market cycle top. +* Note: The Google trends score represents search interest relative to the highest point on the chart for the given region and time. A value of 100 is the peak popularity for the term and a value of 50 means that the term is half as popular. + +**What You Should Know:** + +* BTC's current Google trends score is 39, down from last month's reading of 50 and from a local high of 64 set in January 2021. +* BTC's Google trends score hit an all-time high of 100 in December 2017. + +### Bitcoin's Logarithmic Growth Curve + +&#x200B; + +https://preview.redd.it/n2x1l6e3udy61.png?width=3394&format=png&auto=webp&s=57e42474b420f300384fe5d1686c47a7fc0268bc + + +**How To Read This Chart:** + +* BTC's logarithmic growth curve consists of two sets of curved trendlines that have historically proven to be critical levels of support and resistance. +* While both lines point to price ranges whereby BTC is arguably "overbought" or "oversold," they also represent a notable underlying property of BTC that can be found in social networks, technological innovations, pandemics, societies, and economics: exponential growth. + +**What You Should Know:** + +* BTC is a +48% to +94% move away from entering into "overbought" territory, which is currently between $82,504 and $108,147. +* BTC is a -60% to -70% move away from falling into "oversold" territory. This week's range is $16,920 - $22,179. +* At a current price of $55,750, BTC resides in the 61 percentile of the logarithmic growth curve's $16,920 - $108,147 range. + +### Kraken Intelligence's Bitcoin Logarithmic Retracement Curve + +&#x200B; + +https://preview.redd.it/uutb4op4udy61.png?width=3416&format=png&auto=webp&s=c24efde57a6e0df78a3dd24c442e5eb5f46f6b19 + + +**How To Read This Chart:** + +* BTC's logarithmic retracement curve uses the growth curve's uptrending support line and historical price action to back into an implied market cycle top. +* Since 2011, BTC has long respected the growth curve's support line and has historically retraced down to said level upon hitting a market cycle top. +* When considering BTC's previous bull market cycles, one will find that it takes, on average, 385 days for BTC to retrace back down to the support band after hitting a top. +* Also, one will find that BTC has corrected, on average, -86% after the bull market ends.  +* By knowing where the price of the support curve is 385 days from today and making assumptions about how severe BTC will correct after hitting a cycle top, one can have a better sense as to where BTC would need to be trading to correct down to the support band over a period of 385 days. + +**What You Should Know:** + +* The price of BTC's logarithmic growth curve support 385 days from today is $34,783. +* Assuming BTC corrects -70% this market cycle, BTC would need to be trading at $115K for BTC to retrace down to support 385 days from today. +* An -86% correction implies a $252K cycle top and a -90% correction implies a $347K cycle top. +* According to this model, BTC is not currently in "market cycle top" territory. + +### Bitcoin's Monthly Upper Bollinger Band & RSI + +&#x200B; + +https://preview.redd.it/40zev966udy61.png?width=3572&format=png&auto=webp&s=3c6c3461cfea01d6b0c7d6a7be6eb79e70b00548 + + +**How To Read This Chart:** + +* **Bollinger Bands:** A technical indicator that can be used to measure volatility and identify “overbought” or “oversold” conditions. When trading above the upper band, an asset can be considered "overbought." If trading below, the asset is considered "oversold." Oftentimes, the upper and lower Bollinger band represents a +/- 2 standard deviation move from a 20-period moving average. However, we'll be keeping an eye on a +4.5 standard deviation upper Bollinger band relative to BTC's 20-month moving average. +* **Relative Strength Index (RSI):** One of most popular and widely used momentum oscillators. It measures over a 14-period duration and fluctuates between 0 and 100. A reading below 30 indicates "oversold," a reading over 70 signals "overbought." Given its historical relevance, we'll be focusing on BTC's 14-month RSI. + +**What You Should Know:** + +* BTC's current intramonth high of $59,603 came $43,538 short of crossing its monthly upper Bollinger band of $103,141. +* BTC's 14-month RSI is currently 87.9. The index may be in "overbought" territory, but history tells us that BTC can remain in "overbought" territory for an extended period of time. Note that BTC's 14-month RSI held in "overbought" territory between December 2016 and February 2018. +* In April 2013, November 2013, and December 2017, BTC hit an intramonth high above its monthly upper Bollinger band as price set a market cycle top. Only in these 3 instances have we seen BTC break through its +4.5 standard deviation monthly upper Bollinger band. BTC's 14-month RSI also topped out well into "overbought" territory at a reading of 96. + +### Bitcoin's MVRV Z-Score  + +&#x200B; + +https://preview.redd.it/z1v81xo7udy61.png?width=3558&format=png&auto=webp&s=a619ec31a90df8e641d098c933daff44d0ee8f4a + + +**How To Read This Chart:** + +* **What Is A Z-Score?** A numerical measurement that can explain a value's relationship to a group's average. It is measured in terms of standard deviations. For example, a z-score of 0 means that a value is identical to the mean and a z-score of 1.0 means that a value is one standard deviation above the average. +* **BTC's MVRV Z-Score:** Considers BTC's market value and realized value to help determine when BTC may be over/undervalued. A z-score between 7 and 11 (pink box) suggests BTC is "overbought." When between 0.9 and -0.3 (green box), BTC is believed to be "oversold." +* **MVRV Z-Score Formula:** (Market Value – Realized Value) / (Std. Deviation of Market Value). +* **Market Value:** BTC's price multiplied by coins in circulation, i.e. market cap. +* **Realized Value:** The price of each BTC when it was last moved.  + +**What You Should Know:** + +* BTC's current MVRV z-score is 4.38, down -1.6% from yesterday's reading of 4.45 and down -1.4% from last week's reading of 4.44. +* BTC's market value is down -0.9% at $1T and its realized value is up +0.2% at $374B. +* A +59.8% increase in BTC's z-score would put the indicator in "overbought" territory. A -79.5% correction would put the indictor in "oversold" territory. +* Prior z-score tops: + * April 9, 2013: 11.05 + * November 23, 2013: 10.8 + * December 8, 2017: 9.77 + * Average score: 10.54 + * Note: These z-score readings topped out 1 day, 7 days, and 11 days, respectively, ahead of a market cycle top. +* On February 21, 2021, BTC's z-score hit a 3-year high of 7.62. + +### Bitcoin's Pi Indicator + +https://preview.redd.it/rkk2d009udy61.png?width=3390&format=png&auto=webp&s=511ab9b845b232f28946636604629d8b8475c0c9 + + +**How To Read This Chart:** + +* BTC's Pi indicator leverages the 111-day moving average and the 350-day moving average multiplied by 2 to identify market cycle tops. +* Historically speaking, when the moving averages touch, a top in the current market cycle has been or will be realized. +* It should be noted that 350 / 111 equates to 3.153, which is as close to Pi (3.142) as we can get to when dividing 350 by a whole number. + +**What You Should Know:** + +* As of today, BTC's 111-day moving average is $51,124 and its 350-day moving average x 2 is $52,726. +* On April 11, 2021, the Pi indicator crossed for the fourth time in history. Approximately 3 days later, BTC hit an all-time high of $65,000. +* On April 6, 2013, both moving averages crossed when BTC was trading at $229. BTC hit a cycle top approximately 3 days later. +* On December 4, 2013, both moving averages crossed and BTC was trading at $1,130. Just 5 days later, BTC hit a cycle top. +* On December 16, 2017, both moving averages crossed. BTC hit a cycle top of $19,660 that same day. + +### Bitcoin's Stock-to-Flow Ratio + +&#x200B; + +https://preview.redd.it/y8gz7pycudy61.png?width=3568&format=png&auto=webp&s=e0c4132e991a1ba64f0a8e78b57555414c8e5e3f + + +**How To Read This Chart:** + +* Much like gold and silver, we can consider BTC's circulating supply (stock) against its expected production of new supply (flow) to get a stock-to-flow ratio.  +* A high stock-to-flow ratio implies that a commodity is growing increasingly scarce and more valuable as a result. +* By overlaying BTC's price against its stock-to-flow ratio, one will find that BTC's price has trended alongside the ratio over the years. +* One will also find that BTC's price continues to diverge less and less from its stock-to-flow ratio, which is a 365-day average; when price trends above the stock-to-flow ratio, the divergence is positive (>1) and thus BTC may be considered "overbought." +* The multi-colored line denotes the number of days until Bitcoin's next halving, which is when the mining reward for a new block is cut in half. This reduction in new coins (flow) drives BTC's stock-to-flow ratio higher, implying that BTC is scarcer and thus more valuable.  + +**What You Should Know:** + +* Bitcoin is 1084 days out from its next halving, at which point its block reward will fall from 6.25 BTC to 3.125 BTC. +* BTC's current divergence is 0.59, down from yesterday's reading of 0.6 and down from last week's reading of 0.61. +* Prior market cycle tops coincided with a divergence reading of 40.8 (June 2011), 9.8 (April 2013), 9.75 (December 2013), and 3.5 (December 2017). +My dad died a while back of brain cancer and I just learned my mother will soon die of brain cancer as well. We don't know how much time my mom has but she can still talk. I know little about money but have a 20 year old sister and 15 year old brother and I will be withdrawing from college to take care of my family now. I'm terrified I will mess everything up by forgetting to pay a bill or not knowing how to save for my brother's college. We aren't in debt, but I don't know what to do with our house or anything. I don't even know what I don't know and I'm freaking out. Also, I can't stop crying. Please help me, guys... What do I do? + + +Update: I am really humbled by your guy's kindness to me, a stranger. Thank you so much for your helpful advice. +Edit: I goofed and read the Millions of $ as Billions of $ in my haste. Credit to u/theWoodman420 for catching my mistake. The data (pictures) is accurate. My description was not, and is now corrected. Wood is noted again in the relevant spot. Thanks, Wood!! + +&#x200B; + +I spent some time trying to find some data and stumbled across something interesting. Then I thought it was nothing. Then I realized it *was* interesting. + +I started here: + +[Website, Agency & Treasury, 3 Months](https://preview.redd.it/r132ubgtkwl71.png?width=1616&format=png&auto=webp&s=8933af8e9eb481dfb0352c73c796e20b8da28008) + +There’s a link to download the data, but it’s all aggregated. Just totals in billions (USD). No breakdown by ticker. I got sad. + +But then I noticed something you can interact with the checkboxes. + +[Website, Agency & Treasury, 3 Months](https://preview.redd.it/gqlw1virlwl71.png?width=1617&format=png&auto=webp&s=e5a01843deb53e64d79ee0233a815a9cbd82aa43) + +&#x200B; + +The graph didn’t have any blue data. I tried a few settings, and then I got this: + +[Website Graph, Agency, 1 Year](https://preview.redd.it/avkqbnwwkwl71.png?width=1616&format=png&auto=webp&s=8021d6bcf0c8d9b45da7bd948070b75d4ba3a3d8) + +Only five dates have had total Agency FTDs with value of at least 500M USD in the past year. + +&#x200B; + +Do these timeframes sound familiar? + +* Mid November, 2020 +* Late January, 2021 +* Late March, 2021 +* Early May, 2021 + +I tried to interact with the graph to pull the data and couldn't, so I downloaded the CSV. + +Here is the CSV data without the $500M minimum: + +[CSV, Agency, 1 Year](https://preview.redd.it/cx5jk64zkwl71.png?width=1878&format=png&auto=webp&s=0f930bfb8ba2b16c17f98ba529e1330f96fcbe46) + +&#x200B; + +Here are the top 20 entries from CSV data, sorted by Agency Fails, Descending: + +[CSV, Top 20, Descending by Agency FTDs $ \(USD\)](https://preview.redd.it/e2uziji4lwl71.png?width=774&format=png&auto=webp&s=861dc09e036e06ebb48356761fb492fc17cc4954) + +The top entry is $804.5*M*. With a *M*. As in, "That's just shy of one ~~trillion~~ billion dollars in FTDs." The top 20th entry is $313.9*M*. + +The second highest entry is May 7th, 2021, with $769.8*M*. + +The third highest is January 26th, with $604.8*M*. -Thanks u/IsolatedAnon9! + +Credit to u/theWoodman420 for correcting my billions to millions. I have now learned how to count! + +&#x200B; + +Here is the Agency data for the last ten trading days: + +https://preview.redd.it/8e4qli00owl71.png?width=1710&format=png&auto=webp&s=7947d5353f477abe40b056b92c175b6e28b16238 + +&#x200B; + +&#x200B; + +But did you notice the end date? + +***Last Friday, September 3rd, 2021.*** + +[https://www.dtcc.com/charts/daily-total-us-treasury-trade-fails](https://www.dtcc.com/charts/daily-total-us-treasury-trade-fails) + +&#x200B; + +Edit: Quick note - the CSV data is in raw dollars (not billions of dollars). Just in case someone jumps the gun! + +&#x200B; + +Edit September 7th, 2021: + +Worked with u/bobsmith808 on the data portion, and I'm not sure if we have a correlation or not. + +Here is the DTCC's Agency Fails (**Total $, in Thousands**) compared to the SEC's FTD Notional Value for GME (**Total in raw $, NOT in Thousands**). + +DTCC is blue. GME is red. + +https://preview.redd.it/cyabqcivf4m71.png?width=2830&format=png&auto=webp&s=5ac54da86f6fba66b0ff1391f0e990dea3e50da7 + +I had hoped that the GME run ups would show a correlation in the FTDs. IE, a large chunk of the GME FTDs (measured in $ value) would be a significant % of the DTCC's FTD total value ($), but that does not appear to be the case. + +It's entirely possible we are comparing apples to oranges, and there are multiple separate sets of FTDs, and we'll need to find and watch all of the different FTD data sets. + +Maybe some of the data sets overlap line a Venn diagram. I don't know. + +Wrinkle brains activate! +Update: I was banned 3 days after this post. I assume it’s another rogue mod who doesn’t like silver. Mods please unban me + +First off, if you are long GME this is not a post to tell you to sell GME. + +GME sequence of events (yes the game was rigged we retail traders got screwed): + +GME is way over shorted > brokers allowed this > squeeze happens, hedge fund lose tons of money and face insolvency > Citadel gives $3 billion to Melvin Capital, despite the fact they are supposed to be a neutral market maker > price keeps surging > Melvin faces insolvency and will lose Citadel's investment, Citadel is no longer a neutral player > clearinghouses get leaned on by powerful suits to raise margin requirements on GME > brokers will have to make up the losses of the shorts they allowed to occur > they decide to save their own skin at the expense of their clients and rig the trade > instead of going to thousands per share as IBKR ceo admitted it would have, retail is robbed of billions in gains + +**Now on to the silver post** + +This is a very long post, so I apologize to the WSB apes who can barely read and will have to scroll a long way to get to the TLDR. Its also been impossible to post about silver lately on WSB (no posts approved, thanks to the mod who assisted this one), so I crammed about 3-4 posts worth into this one. Not sure when I'll be allowed to post again. + +I've organized this post into 4 sections so feel free to skip around to the parts you are interested in. + +1. The silver short squeeze evidence +2. Why the 'hedge funds are pushing silver' narrative is BS +3. The fundamental case for silver, and why the shorts deserve to be squeezed +4. TLDR, what to buy if you want to go long silver + +Since my [initial post](https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/) on the potential for a silver short squeeze, I have been researching the topic to prepare a more detailed and substantiated update post. This is my latest attempt to post, and hopefully this one gets to stay up (silver censorship has been a thing here lately) + +**1. The potential for a short squeeze (573% of the 'float' is currently sold short)** + +The big thing to remember here is that if enough market participants who are long silver contracts in the futures market begin to demand delivery of their silver, there will absolutely be a meltup in the price because there simply isn't enough supply available. + +**The next 3 trading days are critical, and there is war being waged. The shorts and COMEX are in a fight for their lives, and barely hanging on by a thread** + +Many big name precious metals veterans have bemoaned for years about how the size of the 'paper' silver market absolutely dwarfs the amount of silver that could be delivered, and thus the market is manipulated. The vast majority of futures and options contracts in the silver market have historically been settled via cash. Meaning no physical silver is actually delivered when these contracts are set to expire. This is where the talk of the 100-1 and 250-1 paper silver to physical silver ratios comes from, but short interest is actually more like 6-1 on the COMEX using open interest data through the next two big delivery months. + +Technically every month is eligible for deliveries, but only months with options interest tend to have any real volume, and that's why they are known as delivery months. March and May are options expiration months, while April is not. + +If you want to think about it like a stock, **the short interest is 573% of the 'float'**. This is based on the fact that over the next 3 months there are futures contracts and options which have the right to take delivery of 847 million ounces of silver. This is compared to only 147 million ounces registered on the COMEX that could fulfil these deliveries. For perspective, GME short interest peaked at around 140% of its float, and that was considered crazy high. It is widely known that if a small, but significant share of long silver contract holders took delivery, that there would not be enough silver, as the demand would cascade higher and higher as the prices rise. + +(sources: [silver stocks report](https://www.cmegroup.com/delivery_reports/Silver_stocks.xls), [futures open interest](https://www.cmegroup.com/market-data/volume-open-interest/metals-volume.html), [options open interest](https://www.cmegroup.com/tools-information/quikstrike/open-interest-heatmap.html), data as of 2-18 was used in this post) + +This would be similar to a bank run scenario. The COMEX is the silver bank, and they have printed too many paper claims on a limited amount of silver. If there is no actual silver left to be delivered to the holders of the futures contracts, that means that means that the COMEX would default and settle their contracts in cash. No one wants to get settled in cash if the COMEX had to default. This would mean that right as you want to be able to stay long silver, as the price is surging higher, that you will get forced out and paid cash instead of silver and wouldn't benefit from future increases in the price. The traders who want to stay long silver and who see the run occurring would try to take delivery because if you actually have physical silver in your vault then it doesn't matter if the COMEX goes down, you still have your actual silver you can sell on the spot market. Most importantly to them, they get to keep participating in the upside. + +Now the shorts are very much trying to keep the price down at the moment, because their problems get worse as the price rises and more options become in the money. See the chart below, with a handy arrow to illustrate where we are currently in terms of March open interest. + +https://preview.redd.it/y6j90g954mi61.png?width=860&format=png&auto=webp&s=e2ad9f33ea4008e3380ce11eb4e9333669e1524e + +As the price rises more and more, the short interest grows as more options on futures contracts become 'in the money', compounding problems for the shorts. This is the silver version of a gamma squeeze. + +The chart below shows the number of ounces that would be eligible for delivery over the next 3 months, given the current open interest data. Most of the open interest comes from futures contracts that aren't dependent on price, but I've made this chart to illustrate how the problems get worse for the shorts due to the options contracts as the price rises. The latest silver price as I'm writing this is $27.37. + +&#x200B; + +https://preview.redd.it/t91qm4t84mi61.png?width=664&format=png&auto=webp&s=0fee997ca32e24a60916e6829be375885263107c + +But why would contract holders all of a sudden start to demand delivery when cash settlement has historically been the norm? A couple of reasons. + +The first reason is arbitrage. Premiums on 1000oz bars have surged to somewhere between $1 and $2 an ounce (this is unheard of on the 1000oz commercial bars), meaning that traders can stand for delivery and then sell in the physical market for immediate profit. When supply had become constrained in previous silver bull markets these premiums were more like 30 cents an ounce. + +In addition, mints are also interested in arbitrage. They could begin to take delivery to break down 1000oz commercial bars into smaller units which currently trade at historic premiums of $5-$8 an ounce. The small unit silver market has experienced greater demand than ever before. The entire stock of small unit silver was sold out at all dealers a few weeks ago. The small amounts they do get in stock are only sold at massive premiums. + +The second reason traders may take delivery is because they see the massive opportunity presenting itself right now, and they don't want to be cash settled when the COMEX defaults. They see that the squeeze is possible and that they profit massively by simply taking delivery, sitting on their silver while the squeeze happens, and then reselling it at much higher prices. Early rumblings of massively increased delivery volume is already presenting itself in the data. See the chart below showing the past 3 months of deliveries compared with the same time period in previous years + +&#x200B; + +[\*Feb 2021 deliveries are ongoing and will continue to rise](https://preview.redd.it/5last6ye4mi61.png?width=403&format=png&auto=webp&s=98c7a2371c60c258e363183e693b1540647ea00c) + +Note that this chart corresponds with December of the previous year through February of the year that is labeled on the x-axis. So 2016 actually represents December of 2015 through February of 2016. + +It seems that the silver futures market is suddenly becoming a place where silver actually gets delivered in meaningful quantities. This trend is even more pronounced when you look at just the most recent month of February, which like April was not an options expiration month, and thus typically has very low volume. Even still, the increased interest in taking delivery of silver from the COMEX is very clear. And historic at that. + +&#x200B; + +[\*Feb 2021 deliveries are ongoing and will continue to rise](https://preview.redd.it/pk37q11tkmi61.png?width=362&format=png&auto=webp&s=cddd64a50dfc58bf0f5a118951096f7dda5f5c69) + +February 2021 has had 9.95 million ounces delivered through 2-18, and there is still 1.83 million ounces in open interest. Anyone still sitting in a contract this late in the month wants delivery, so we can safely assume Feb. deliveries will end above 11 million, and closer to 12 million. This is compared with an average of only 2.20 million ounces delivered in the previous 3 Februaries. An increase of roughly 422% (assuming 11.5 million delivered). + +March is gearing up to potentially be an earth shattering month for delivery requests that could send silver soaring. March in the previous 3 years has averaged 26.79 million ounces delivered. If this year's month of March experienced the same 422% increase in deliveries that occurred in February, that would represent \~140 million ounces delivered. Enough to completely drain the COMEX registered stocks. If typical contract roll-forward behavior persists, we are actually on track to hit around that number. The chart below shows how March is on track to finish the month with between 30-40k contracts demanding delivery (each contract represents 5,000 oz). Chart is courtesy of [u/Ditch\_the\_DeepState](https://www.reddit.com/user/Ditch_the_DeepState/) who does an awesome job with these. + +&#x200B; + +https://preview.redd.it/4013shwy4mi61.png?width=1280&format=png&auto=webp&s=69681cab0f800b559261aeeccedab93dc81cc7de + +**\*\*\*Edit 2/20:** [u/Ditch\_the\_DeepState](https://www.reddit.com/user/Ditch_the_DeepState/) added a zoomed in version in his latest [post](https://new.reddit.com/r/Wallstreetsilver/comments/lo35pt/the_silver_rush_on_comex_is_on_march_deliveries/) so I thought I'd add it here because it just looks so nice + +&#x200B; + +[note this has one more day of data relative to the chart above](https://preview.redd.it/ykkeebqflmi61.png?width=1280&format=png&auto=webp&s=e85eed5a8056ce5025c92cf9fcaf6322ab72a36c) + +**\*\*\*** + +The final day to roll contracts forward to not be eligible for March delivery is Wednesday, February 24th. Given these are not normal times in terms of deliveries, it would not surprise me to see the decline for OI in March flatten out and stun the world by finishing with 40k contracts awaiting delivery. The COMEX only has registered stocks to cover 29.4k. + +And let's say the COMEX survives March and is able to meet all the delivery requests, this is what the May open interest looks like. Can you imagine the COMEX going into May with only 20 or 30 million registered ounces staring down the barrel of 450+ million ounces of open interest (and this figure will rise once March passes and/or the price rise causes more call options to be ITM). At this point the long in May would absolutely stand for delivery and hope they are one of the lucky few who aren't force settled in Cash. + +&#x200B; + +https://preview.redd.it/m5p95miq4mi61.png?width=861&format=png&auto=webp&s=f4163fc9c08e909d42207c5f2c4727c2ee0938f7 + +So even if only half or three-fourths of the 147 million available ounces are delivered, the May contract holders will see that the available supply is shrinking fast, creating even more demand for physical delivery because the opportunity is that much more clear for a continued short squeeze. That and the fact that there are longs who really do want the silver for various reasons, and would be worried that the COMEX will default and there will be no silver available for delivery at all. + +This is where critics of the potential for a short squeeze may point out that if the COMEX starts to run out of silver, they will just find more. This is increasingly not an option however. The primary stores of 1000oz bars are the LBMA vaults in London, and the COMEX. When the COMEX starts experiencing high demand for gold or silver deliveries (typically due to the existence of premiums between paper and physical and a phenomenon known as backwardation), traders start chartering planes to deliver excess metal from the LBMA to the COMEX. This occurred in March and April for gold and silver when physical started trading at premiums and traders began to demand delivery. + +&#x200B; + +https://preview.redd.it/2gvzf4m15mi61.png?width=624&format=png&auto=webp&s=71b04f46a16a1d389f8e9946d38d2230fe215519 + +The problem with this line of thought is that nearly all of the silver in the LBMA is effectively allocated already. The most common silver ETFs such as SLV use the LBMA silver vaults to allocate silver to their ETFs, and recent historic inflows to these ETFs has created a situation where the LBMA simply does not have unallocated supply that they will be able to ship to the COMEX. Bullionstar.com recently ran an article showing that 85% of the silver in the LBMA was now held by silver ETFs that utilize the LBMA stores. This means that this Silver cannot be taken from the LBMA to reinforce the registered stocks of the COMEX. + +Also notice how last spring/summer is when LBMA inventory (shown in green) dropped, which aligns with when the silver price surged and increased COMEX deliveries were happening (2020 was a record year for deliveries). + +&#x200B; + +The LMBA is estimated to contain 1.08 billion ounces of silver. Meaning that 162 million ounces aren't already allocated to ETFs. Not known though, is how much of this 162 million ounces is owned by wealthy individuals and family offices who already have a claim to it. Indeed, the supply situation at the LBMA is dire enough that the worlds largest silver ETF, SLV, had to change it's prospectus to mention that they may not be able to find silver to allocate to their ETF in the near future. They made this change on 2/3 following historic inflows, but didn't make the document public until 2/8 for some reason. Nor did they announce the change. + +&#x200B; + +https://preview.redd.it/67afe6635mi61.png?width=624&format=png&auto=webp&s=29b4fc78fd4eee14341c3ccb571c9c89ff1cbdcb + +Another decently sized silver ETF that I can't mention also changed their prospectus and directly mentioned that there might be a short squeeze and actually seems to sympathize with the hedge funds who would potentially be 'hurt' in the process + +https://preview.redd.it/pir687z35mi61.png?width=624&format=png&auto=webp&s=930a7ce3557ea2ac00a110d4dc6902cf4fb1c652 + +So why did JPM feel the need to [downgrade silver](https://www.marketwatch.com/story/miners-tumble-as-jpmorgan-downgrades-sector-and-silver-prices-slide-from-eight-year-high-11612259966) just as it started to spike, why did the CFTC feel the need to [raise margin requirements](https://www.bloomberg.com/news/articles/2021-02-01/cme-raises-comex-silver-futures-margins-by-18-effective-feb-2) the very same day, and why did Goldman feel the [need to publish an article](https://www.cnbc.com/2021/02/02/goldman-sachs-says-it-would-be-impossible-for-retail-traders-to-short-squeeze-silver.html) saying the squeeze was impossible, also on the same day? They are terrified the squeeze of the naked shorts in the silver market might actually happen. Just as the ETFs are now warning in their prospectuses. + +The report from Goldman made the ludicrous claim that each member of WSB would need to purchase 4,200 ounces of silver to cause a squeeze. Assuming approximately 8 million members at the time, that's roughly 33.6 billion ounces of silver, and at $27.37 an ounce, would represent $920 billion worth of silver. + +There is a myth that the silver market is as large as $1.5 trillion in total, which is probably where Jeff Currie from Goldman somehow came up with this $920 billion figure. This is a vast overstatement of the available investment grade silver. These figures represent the grand total of all silver that has ever been mined in the history of the world. The overwhelming majority of this silver has been used in the production of various electronics, medical devices, and other products and simply cannot be recovered. Maybe at $500 an ounce, dumps will begin to look for phones and other electronics and try to chemically separate the miniscule amounts of silver from each device, but at $27 an ounce this is completely unrealistic. Even then, it would be a minimum 6 months to get silver recycled from these devices and into the 1000oz bar format that is required for the futures market. + +If you look at various sources (google it), most of them estimate the entire quantity of investable silver in the world is somewhere between 2.8 and 4 billion ounces if you include the small denominations of silver (which can't be used to deliver on the COMEX). Using the high end estimate at 4 billion ounces, this would mean the entire investment grade silver market is only valued at $109 billion. The futures market only deals with 1000oz bars of which there is estimated to only be 2 billion ounces worth. + +**There are only 0.36 to 0.52 investment grade ounces of silver per person in the world if you include both the small denominations and the 1000oz bars together. At $27.37 an ounce this is only $9.85 to $14.23 worth of investment grade silver per person.** Go take a stroll through some of the silver forums on reddit and you'll see people are buying 6 figures worth regularly right now. + +The allocated *and* unallocated silver in the LBMA and COMEX in total is roughly 1.5 billion ounces, which is a far cry from the 33.6 billion that Goldman is referring to. As I have mentioned, most of this 1.5 billion ounces is already allocated to owners as well. + +Think about 2 billion ounces worth of silver in 1000oz format. That is a tiny, tiny number. At current prices it represents $55 billion. There are only 2 million 1000oz bars, and each one costs roughly $27,710. + +**There is another asset that has been in the news recently that is over 55k in price (WSB bans mentioning it, I'm not trying to pump it, just use it for an example). There are only \~21 million of these items that will ever be mined, and they are valued for their scarcity and deflationary tendency. For every ten of these** ***things which shall not be named*** **there is only** ***one*** **1000oz commercial silver bar, and each bar costs roughly half of what 1 of the** ***things that shall not be named*** **costs.** + +To say that silver could not have an epic surge in the same way, despite being 10x more scarce, and half the price at that, is ludicrous. Silver is used in production of actual real things and the supply over a long enough period will actually be entirely exhausted unless we figure out how to economically mine asteroids (which would only be economical at silver prices far beyond what's ever been achieved). + +As part of my research for this post I was actually able to get in touch with silver industry veteran, David Morgan (thanks for answering a random guy's twitter DM David). He told me an anecdote from back in the previous run-up during 2010-11 where he had a conversation with Eric Sprott who mentioned that Sprott Inc's purchase of just 22 million commercial ounces to start their ETF of PSLV was enough to drive up the price by over $2 an ounce. Unlike the other silver ETFs which just allocate silver off of the LBMA, PSLV actually sources silver in the open market to add to their vaults, which is why investing in PSLV can actually cause the silver price to rise much more directly than the other ETFs. + +So who is on the other side of this trade? Banks and large hedge funds, who are massively [net short silver](https://www.cftc.gov/MarketReports/BankParticipationReports/deajan21f), to the tune of 91,468 contracts sold short compared with only 16,071 contracts long. The banks are trying to make sure the price stays low so that they can discourage run ups in the price that would create a short squeeze (and cause them to experience massive losses on their naked short positions). + +If you want more proof that these markets are historically manipulated look at the fines [JPM had to pay recently](https://www.reuters.com/article/jp-morgan-spoofing-penalty/jpmorgan-to-pay-920-million-for-manipulating-precious-metals-treasury-market-idUSKBN26K325). Which brings me to part 2. + +&#x200B; + +**2. Why the 'hedge funds are pushing silver' narrative is BS** + +Several posts have documented the timeline of Silver posts on WSB and why the narrative of hedge funds pushing silver to hurt GME doesn't really make sense. + +Here's a couple of them that I personally liked (and there are many more): [one from u/johnnycleveland](https://www.reddit.com/r/wallstreetbets/comments/lemo97/how_reports_in_the_media_claiming_that_reddit/?utm_source=share&utm_medium=web2x&context=3) and [another from u/blipblopbloop11](https://www.reddit.com/r/Wallstreetsilver/comments/lhqk6p/100_proof_the_antisilver_movement_in_wsb_is/?utm_source=share&utm_medium=web2x&context=3) + +Besides the fact that many on WSB were fans of silver long before the GME craze (including myself), banks have a massive net short position in silver (which I cover later in this post). At the time the anti-silver post went viral about Citadel having a large position in SLV, it comprised only 0.04% of their AUM, and they actually had **3 times this amount, 0.13% of AUM, in** ***PUTS*** **ON SLV.** [Proof](https://imgur.com/gallery/2Kw2Bac). So it doesn't make sense for them to try and stop one short squeeze that hurts them by causing a second short squeeze that would also hurt them. + +I'm not sure if hedge fund bots were actually driving the anti-silver propaganda, or if it just caught on because people wanted a scapegoat for the GME losses, but either way it seems like silver was in the wrong place at the wrong time. The people investing in silver, and the people investing in GME are natural allies. Its a mix of a desire for tendies and giving big banks and hedge funds the finger. + +Why weren't AMC, BB, NOK, weed stocks, and many other popular positions not considered distractions from GME? Wouldn't GME have gone much higher if everyone on WSB had stuck to only GME and not these other plays? + +**There was absolutely institutional collusion to prevent GME from getting the infinity squeeze it was set up to get.** The interactive brokers CEO even said on live TV that "the price was headed to infinity" if they hadn't stepped in to "stop the losses". + +This collusion is simply unrelated to the fact that some of us on WSB also like the silver market setup. I totally agree that media reports of WSB 'moving to silver' were somewhat poorly worded. Just as the reports of WSB moving to weed stocks were poorly worded. Some people on WSB are playing silver, some are playing weed stocks, but these headlines make it sound like it's everyone when it's never true that all of WSB is long a single trade (GME may have been close though). I understand frustration about poor reporting. Please don't take it out on your fellow WSB apes though. + +And if you are still holding GME and think it can squeeze again, I respect that and I still hope it goes to $1,000 and higher. + +&#x200B; + +**3. The fundamental case for silver, and why the shorts deserve to be squeezed** + +First of all, as previously mentioned, the short side of the equation is almost entirely made up of banks and hedge funds, so keep that in mind when you might have sympathy for the shorts here. + +Second, the demonetization of silver was used as a blunt instrument to impoverish the populace, and enrich the wealthy and bankers all the way back in 1873. We know that wealth is generational, so if you had family living in the United States prior to 1873, and they were not wealthy, it is highly likely that they were massively impoverished by banker related corruption at the time. Here's a quick rundown of what happened: + +Originally both gold and silver were considered legal tender in the United States. + +The monetary base was roughly half comprised of gold and half comprised of silver, with a fixed exchange rate of 15 ounces of silver to one ounce of gold. Because silver was more common, it was considered the common currency of exchange with gold only being used by the wealthy in large transactions. + +In 1873 a bill was signed to demonetize silver, while keeping gold as legal tender. + +All of the common people had their savings in silver which became increasingly worth less relative to gold, while all of the wealthy had their savings in gold, so the value of their savings appreciated. + +In line with the removal of 50% of the monetary base, we experienced roughly 50% deflation over the next few decades. + +&#x200B; + +https://preview.redd.it/sjruwxd65mi61.png?width=624&format=png&auto=webp&s=16da0a23620806a1d4722ff4eb9916837a67be60 + +Along with this deflation though, the value of debt also rose. So if you were poor, and also likely indebted, with one stroke of a pen your money began to become worthless while at the same time your debt became progressively worth more due to deflation. If you were a wealthy gold owner, or a bank, you likely owned that debt that became worth more alongside the gold you already held. A double win for the wealthy, and a double hit for the poor. One stroke of a pen created generational wealth for some, and generational poverty for others. + +**Yet another reason squeezing silver, with banks on the other side of the trade would be true cosmic justice.** + +Fundamentally, there are plenty of reasons why silver demand long term will rise. On the industrial demand side, silver is used in solar panels, electric vehicles, other electronics of all kinds, and expensive space related items, where getting 100% electricity conduction is worth it compared with the second best metal of copper at 97%. These industries are expected to grow quickly in the next decade and more silver will be needed for this reason. + +Monetarily, the money supply is expanding at historic rates and most of the 'smartest people in the room' are calling for higher inflation in the next few years. Pretty much every commodity except gold and silver have been on an absolute tear the last few months and they are breaking out into what most consider multi-year bull market cycles. This will drive inflation even further. + +Silver is more common than gold but spread rather thin in the earth's crust so it isn't mined directly in large quantities. It's more typically a byproduct of mining for other raw materials. The lack of dedicated silver mines means that silver today is mined at only an 8-1 ratio to gold despite naturally occurring at roughly 18.75-1 ratio. Silver is currently trading at a 66-1 ratio to gold, and gold hasn't even been rising lately. In the 2010-2011 run we got down to a 30-1 ratio, and if people begin to worry about inflation and consider silver a monetary hedge, there's nothing stopping silver from getting to its natural ratio of 18.75-1 or even lower considering the industrial demand combined with the lower 8-1 production ratio. + +These lower ratios combined with higher gold prices in the future mean that silver can realistically get above $50 in short order, possibly even above $100, and if you think the monetary system is really headed downhill, even up to the outrageous forecasts of $500+ from the likes of Patrick Karim on twitter. Note that Patrick posts various charts all the time and his most recent forecast is $182 silver by 2023. Love your charts Patrick (give this man a follow). + +In terms of timing this thing, look at the only other 3 times silver went into backwardation in the past decade (we've just entered the 4th time). Every single time it had a powerful rally afterwards, because it means that physical supply is constrained in the short run, and the shorts are trying to pay longs to get out of their contracts. And those other 3 times didn't have a true chance of COMEX default like this time does, supply/demand has never been this imbalanced and the premiums in the physical market are proof of that. + +&#x200B; + +https://preview.redd.it/xmsp3tc63mi61.png?width=580&format=png&auto=webp&s=aa320bc6ee62d7067ab42a45a381f79139303906 + +**In the end, the goal of buying silver should be to make tendies and to end the manipulation of these markets. We need to get to the point where entering into a contract to sell silver means you actually have the physical silver to sell. No more naked shorting and profiteering off the little people. An honest silver market is the ultimate goal here.** + +&#x200B; + +**4. TLDR, what to buy** + +To get the most secure, best value for your dollar in terms of silver I would personally prioritize purchases in the following order (others may prioritize differently and that's ok): + +1. Take delivery on the futures market if you are able (no premiums, but only available to large players) +2. Purchase shares of the PSLV ETF who will then purchase 1000oz bars +3. Purchase 1000oz bars at retail if you can find them for reasonable premiums +4. Purchase smaller units of silver if the premiums come down to 15% or less. There are roughly 1-2 billion ounces of small unit silver in the world that don't directly impact the 1000oz bar market, but demand for them does cause premiums to soar, which can then cause mints to purchase 1000oz bars to smelt into smaller pieces. This is also the preferred option for those who are concerned with the total collapse of the fiat monetary system and other doomsday scenarios. Personally I'm just wanting honest markets and to make tendies which is why this ranks 4th on my list. +5. Purchase other silver ETFs such as SLV. Purchasing these will at least theoretically take silver off of the LBMA, but recent disclosures from these ETFs are making them seem less trustworthy (note that there is no definitive proof of any kind of fraud from these ETFs) +6. Riskier Alternatives: Purchasing shares of silver miners, calls on silver miners, and even calls on the other silver ETFs are all riskier bets and potentially more profitable short term. This is likely what many here at WSB are going to do + +Disclosure: I am long silver miners and silver ETFs at this time + +Also disclosure: make your own choices, we are all individuals, this is my personal take on the silver market and it includes plenty of speculation and opinion. Treat this post as just that, some random guy's opinion on the internet. + +&#x200B; + +**Update:** To the people saying this 'looks fishy' because of the comment to upvote ratio or award to upvote ratio, its only that way because of the people exactly like yourself who auto-downvote anything related to silver, and really anything not GME. If this post had the same upvote ratio as my original post 3 weeks ago I'd legitimately have 5-10x the upvotes right now. And this post is far better and more deserving than my original one was. Its a self-fulfilling prophecy over here where a noob sees a non-GME post, downvotes it without reading, OG WSBers see a well thought out DD and give upvotes and awards, then more cultists come along and say it looks fishy. Try reading the post first! + +You know what is super fishy? The fact that the WSB mod coup attempt occurred right when the anti-silver propaganda blew up and silver posts were banned after that as well. Ask yourself who was in charge when silver censorship started and you'll realize what is actually fishy here. +The 4% rule-of-thumb is a great starting point for setting a SWR for someone retiring at a traditional retirement age. But as many people in the community have stated, it makes less sense if you're planning for an extended retirement. + +Here's how I've calculated my SWR: + +1. Start at 3% +2. For each 5% you’re willing to lower your spending when your portfolio falls below it's original value, increase your SWR by 0.25% +3. Take into account current valuations based on CAPE ratio +\-- CAPE >30: subtract 0.25% +\-- 25<CAPE<30: leave alone +\-- 20<CAPE<25: add 0.25% +\-- CAPE<20: add 0.5% +4. Accounting for willingness and ability to return to work for an extended period if necessary +\--Very unwilling: leave alone +\-- Reluctantly willing: add 0.25% +\-- Very willing: add 0.5% +5. If you are very risk averse, subtract 0.25% so you sleep better at night + +Reasoning: + +* Looked at a 50 year retirement timeline with a 70/20/10 stock/bond/cash split +* [Generally, for each 5% you increase your spending flexibility, you can increase your spending by 0.25% while keeping your odds of going broke <10%](https://engaging-data.com/will-money-last-retire-early/?spend=40000&initsav=1000000&age=35&yrs=50&stockpct=70&bondpct=20&cashpct=10&sex=0&infl=1&taxrate=10&fees=0.3&income=0&incstart=50&incend=70&expense=0&expstart=50&expend=70&showdeath=0&showlow=1&show2x=1&show5x=1&flexpct=20) +* [CAPE ratio has been a pretty good predictor of long term equity performance, SWR success rates](https://earlyretirementnow.com/2016/12/21/the-ultimate-guide-to-safe-withdrawal-rates-part-3-equity-valuation/) +* [If you work when your portfolio is down, you’ll usually have to work for a very long time until it recovers](https://earlyretirementnow.com/2018/02/07/the-ultimate-guide-to-safe-withdrawal-rates-part-23-flexibility/). If you’re ok with that, or if you’re expecting to make money from side hustles anyway, then you can be riskier with your spending +FDA just approved lab grown meats for human consumption for the first time ever yesterday and can't help but think this could be a huge play towards the future of meat. Cruelty free, sustainable, and molecularly the same exact thing as real meat. + +Am I too open in my thinking that others would also gladly eat this? Only currently one public company on the market strictly doing this (STKH) and it has a paltry 24M market cap, so seeing a lot of room for growth. +Early in the days of this forum, people thought 2000 would turn out to be one of the worst times to retire. So, at the end of each year I like to look at their performance. I was bored today, so I did a mid-year update. + +It looks at the results of different withdrawal rates under 2 scenarios, 100% inceated in SP500, and a 60/40 split SP500/10-YR-Treasuries. It adjusts for inflation, assumes dividends/interest are reinvested, and uses a fixed withdrawal rate (like with the 4% SWR rule). + +&#x200B; + +[Chart](https://imgur.com/a/PnWokdn): For 2000, and the years just before and after, shows how much of their portfolio would remain on Sept 1, 2022 for various withdrawal rates. + +[Graph](https://imgur.com/a/lePTkRP): For people who retired January 1, 2000, it shows how their portfolio value would change over time for various withdrawal rates. + +&#x200B; + +**Edit**: since commenters are discussing the impact of when you are most likely to retire (during a peak or a pull-back), I wanted to like Big ERN's good article on that: [https://earlyretirementnow.com/2017/12/13/the-ultimate-guide-to-safe-withdrawal-rates-part-22-endogenous-retirement-timing/](https://earlyretirementnow.com/2017/12/13/the-ultimate-guide-to-safe-withdrawal-rates-part-22-endogenous-retirement-timing/) + +&#x200B; + +**Source** + +ERN's data that I used: [https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/) . You can use this to look at different asset allocations and to adjust other assumptions. If you don't want to work with the raw data directly, he has some tools in the spreadsheet that will do the analysis for you when you adjust assumptions. + +Here is the extra sheet I added to ERN's workbook, in case you want to play around with it: [https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing) +The role of the mod initially was to tend the garden. Now, it seems to attract people who ... lack self confidence. + +I created a post asking why we are unable to debate the value of linking to another post, and my own prompt for a discussion was locked, after which the mod posted a comment (a dumb one at that). i can't reply to that comment. + +so, bye. + +Hello r/algotrading + +I am desperately searching for a solid data provider with little to no cap on data requests. I have struck out quite a bit over the past year and I am currently about to leave Polygon (one of the most recommended on this sub). As it turns out their "15+ years of historical data" is garbage. I aggregated the past 6 years worth of data for a slew of S&P equities and data discrepancies were through the roof. + +One simple quality test I utilized was downloading the daily data of an equity for the 6 year span and then downloading the minutely data and filtering out premarket and after hours trading for only RTH trading. I then compared all of the lows for a particular date within the minutely data to the reported low in the daily data and if the minutes contain a low lower than the daily low I instruct the algorithm to flag it. Vice versa for the highs. I then walked away with a staggering 30+ dates that were flagged for every stock I aggregated 6 years of minutes for. Their data is garbage and I will not be handing them a $200 check every month for trash. + +I can't seem to find a good data provider ANYWHERE and although I am not going to shell out bloomberg terminal type money for intraday data I am willing to spend up to $500 a month on it. Please comment below if you know of a very solid data provider that I can switch to. (If you say [finnhub.io](https://finnhub.io) I will throw up). + +Thanks, + +A humble algo trader +I see that Marcos has shared the first chapter of his upcoming [book](https://www.cambridge.org/core/books/machine-learning-for-asset-managers/6D9211305EA2E425D33A9F38D0AE3545): + +* [Chapter 1](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3558728) + +Upon further analysis and based on the learning from his first book, I think these are the papers that make up his new book, you could read them now to get a massive head start: + +1. Machine Learning Asset Allocation: [Paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3469961) \+ [Slides](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3469964) +2. Theory implied correlation matrix: [Paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3484152) +3. Clustered Feature Importance: [Slides](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3517595) +4. Overfitting: Causes and Solutions: [Slides](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3544431) +5. Measures of Codependence: [Slides](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3512994) \+ [implementation](https://mlfinlab.readthedocs.io/en/latest/implementations/codependence.html) +6. Clustering techniques: [Slides](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3512998) \+ [some implementation](https://mlfinlab.readthedocs.io/en/latest/implementations/clustering.html) + +Note: this is just a guess but I suspect that many of those techniques will feature in the new book. +Lately mainstream media sites are spamming me with "inspirational" stories like: + +* This one lady became a tiktok superstar selling excel spreadsheet courses. + +* These artists paid off their house by making some digital product! + +* These kids are making $1,000 a month designing roblox games. + +So are you guys doing any side gigs in additional to your day job and wheeling to make extra small fortunes on the side? +So it appears I sold a few puts near the top of the market and last week and the underlying price quickly dropped to around my strike. I have a United Airlines put at $47 and a Sunrun at $45 for reference. They both expire about a month out. Would you typically wait to roll, take advantage of high volatility and roll now, or do nothing and take assignment. Would love to hear opinions. Thanks. +(And yes I’m comfortable being assigned long term shares in those companies but who doesn’t want to lower their cost basis if possible) +Good afternoon! I’ve been holding some 110 AAPL sold puts exp dec 18. + +Glad I got some time as AAPL has been going down since I bought them. Best strategy is to just hold these for a while right? + +I’m comfortable buying at 110 for long term so it’s whatever, but man, I don’t have experience with a sold put being ITM this early. +&#x200B; + +&#x200B; + +&#x200B; + +[Most relevant comment on that post.](https://preview.redd.it/d2gk3hvbuy7a1.png?width=1474&format=png&auto=webp&s=352d31169b8d1f97b66505d31c0fb5f03aab5358) + +Just wanted to let you guys know that the Mod team is aware of this issue. One of our own mods has also caught a 3 day ban, another has received a warning. Not sure if it's related, but might be. + +We've also not received feedback yet on why it's no longer possible to tag users in our community. We're trying to get to the bottom of these issues and resolve it with the Reddit admins. + +Until then, please be on your very best behavior in terms of not displaying user names in screenshots and definitely don't go to other communities and trigger complaints of brigading (even if provoked), as to not run the potential to further escalate this issue. +26, 95k salary, no debt, supporting parents at home \~$600 a month. I want to move out and rent my own place in downtown Chicago. Rents are approximately $2000-$2200 for a luxury apartment, I will be working from home and using almost all the amenities. I kind of want to splurge on a nice apartment but coming from a middle class family, never imagined making so much money but feeling guilty about spending so much. Do I ignore the imposter syndrome and go for it? + +* What fund houses are you currently invested in? Why did you invest in the funds? +* What are your reviews on the funds offered by the fund house? +* Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? Discuss. +* Does the fund house provide the necessary financial statements for addressing income tax liabilities? Does it provide a capital gains statement? +* Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +* What PMS scheme are you currently invested in? Why did you choose it? +* What does the PMS fee structure look like? +* Does the PMS manager provide periodic communications regarding portfolio selection and performance? + + +You can ask for a general review of a particular product or service that you are researching - "What is the investing style of fund X? Is it recommended for long-term retirement needs?", but avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ke padosi ka beta, and I have 25 lakhs saved up currently for retirement purposes in 30 years. What fund or PMS should I choose?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +Please dont forget to put these + +1. Your health insurance company name +2. How friendly were the telephone operator and the claims formality ? Did they pester you for adding all minute details ? +3. Would you recommend it to your close friend? + +So in this budget we can invest upto 10 percent of the Basic salary on top of 2 lac in NPS. + +I know the exit conditions are very bad, but does it make sense investing here to save tax. +Soo, I made a text version of [the PDF file I found on WeissRatings](https://wcy.weissratings.com/media/wri/PDF/WCY/Weiss-Cryptocurrency-Ratings.pdf) (`shasum 6a5369a164593469134e4131a0e2baa4ca0bab73`), in case it goes offline. + +Here you go! + +Rating | Cryptocurrency name • Symbol | Price (USD) | 24-hr Change | 7-Day Change | 30-Day Change | Market Cap (USD) +-------|------------------------------|------------:|-------------:|-------------:|--------------:|----------------: +C | Aeon • AEON | 4.25 | -0.55% | -1.32% | 13.33% | 61.24M +C+ | Ark • ARK | 6.00 | 9.99% | 5.69% | -4.56% | 519.47M +C | Asch • XAS | 0.9594 | 4.35% | 7.60% | -28.90% | 92.60M +D+ | Auroracoin • AUR | 1.29 | 0.60% | -9.89% | -2.97% | 10.34M +C+ | Bitcoin • BTC | 10,962.72 | -1.67% | -5.75% | -22.45% | 175.91B +C- | Bitcoin Cash • BCH | 1,630.70 | -1.13% | -9.36% | -45.88% | 26.16B +D+ | Bitcoin Gold • BTG | 190.60 | -6.74% | -5.07% | -35.96% | 3.07B +C+ | Bitshares • BTS | 0.3232 | -1.91% | -8.20% | -41.96% | 805.47M +C | BlackCoin • BLK | 0.5029 | -0.99% | -9.11% | -21.05% | 38.93M +C | Blocknet • BLOCK | 34.83 | 5.63% | -6.94% | 0.29% | 163.45M +C | Burst • BURST | 0.0465 | 1.79% | 0.60% | -29.87% | 77.93M +C+ | Byteball Bytes • GBYTE | 716.70 | 1.53% | 4.12% | 7.65% | 429.33M +C | Bytecoin • BCN | 0.0062 | -0.42% | -3.62% | -4.19% | 1.10B +B- | Cardano • ADA | 0.5581 | -2.26% | -10.70% | 43.12% | 14.01B +C- | CloakCoin • CLOAK | 15.21 | -5.24% | -6.72% | -26.62% | 74.81M +C | Counterparty • XCP | 56.65 | -4.09% | 24.85% | 78.43% | 141.79M +C+ | Dash • DASH | 761.01 | -1.07% | -1.35% | -34.97% | 5.68B +C+ | Decred • DCR | 91.20 | 1.34% | 10.03% | 2.07% | 569.93M +C- | DigiByte • DGB | 0.0547 | 3.50% | -8.77% | -34.40% | 491.89M +C- | DigitalNote • XDN | 0.0276 | -3.77% | -2.48% | -25.39% | 194.31M +C | Dogecoin • DOGE | 0.0066 | -1.34% | -3.50% | -22.58% | 719.29M +D+ | Einsteinium • EMC2 | 0.6347 | 10.85% | 20.60% | -34.35% | 125.59M +C- | Electroneum • ETN | 0.1217 | 0.11% | 7.84% | 29.14% | 700.88M +B | EOS • EOS | 13.36 | -11.64% | 21.42% | 44.34% | 7.71B +B | Ethereum • ETH | 993.02 | -2.84% | -7.67% | 43.16% | 92.31B +C | Ethereum Classic • ETC | 28.88 | -5.45% | -2.62% | -3.38% | 2.73B +D | Expanse • EXP | 4.70 | -3.81% | -4.07% | -0.35% | 37.97M +C- | Feathercoin • FTC | 0.2856 | -1.25% | -8.57% | -24.28% | 51.59M +D+ | GameCredits • GAME | 3.64 | 2.35% | -16.14% | -3.29% | 226.89M +D+ | Gulden • NLG | 0.2668 | -2.71% | -10.46% | 48.75% | 100.34M +C+ | I/O Coin • IOC | 4.79 | -2.68% | 13.15% | 40.55% | 79.54M +C | Komodo • KMD | 6.20 | -0.51% | 9.90% | -41.27% | 603.19M +C | Lisk • LSK | 21.70 | 1.68% | 3.10% | 8.86% | 2.45B +C+ | Litecoin • LTC | 178.12 | -1.48% | -5.60% | -35.00% | 9.43B +D | Matchpool • GUP | 0.5909 | 4.87% | -0.01% | -1.32% | 40.71M +D+ | Megacoin • MEC | 0.0890 | -11.25% | -17.92% | 4.46% | 3.41M +D+ | Metaverse ETP • ETP | 2.46 | 0.73% | -2.33% | -3.78% | 88.50M +C | Monero • XMR | 309.60 | -4.21% | -6.13% | -12.58% | 4.68B +C- | Namecoin • NMC | 3.89 | 2.91% | -11.52% | 12.98% | 55.57M +C | NAV Coin • NAV | 2.73 | 0.45% | -13.26% | 15.56% | 162.80M +C | Neblio • NEBL | 20.97 | -4.66% | -8.87% | 219.04% | 258.41M +C+ | NEM • XEM | 0.9352 | -5.89% | -9.81% | -9.32% | 8.17B +B- | NEO • NEO | 120.75 | -2.25% | -16.74% | 103.75% | 7.43B +C | Nexus • NXS | 5.30 | -4.84% | -4.03% | 57.02% | 282.58M +D | Novacoin • NVC | 5.42 | -1.38% | -9.74% | -12.52% | 10.42M +C | Nxt • NXT | 0.3385 | -11.88% | 19.59% | -80.92% | 337.56M +C | Peercoin • PPC | 4.92 | -4.47% | -6.73% | 12.14% | 112.82M +C | PIVX • PIVX | 11.86 | 29.20% | 43.11% | -0.47% | 637.68M +D | PotCoin • POT | 0.2172 | -1.33% | -2.39% | -29.43% | 46.59M +D+ | Pura • PURA | 0.3538 | -7.36% | -8.72% | -29.60% | 58.55M +C | Qtum • QTUM | 41.66 | -6.88% | 4.01% | -22.91% | 2.79B +D | Quark • QRK | 0.0240 | 1.28% | -1.80% | 68.50% | 5.50M +C | RaiBlocks • XRB | 14.05 | -2.99% | -4.52% | 200.94% | 1.78B +C- | ReddCoin • RDD | 0.0110 | 0.27% | -0.05% | -27.59% | 305.73M +C | Ripple • XRP | 1.42 | -5.26% | 11.25% | 28.72% | 49.31B +D | Rise • RISE | 0.7834 | -3.00% | 12.88% | 7.88% | 85.11M +D | SaluS • SLS | 62.91 | -6.63% | 13.79% | -49.67% | 60.84M +C | Shift • SHIFT | 5.21 | 5.63% | -12.10% | -17.46% | 58.82M +C- | Skycoin • SKY | 28.32 | -6.50% | -10.17% | 66.66% | 208.90M +C | SmartCash • SMART | 0.9988 | 3.84% | 1.57% | 434.35% | 446.96M +B- | Steem • STEEM | 4.23 | -4.32% | 9.53% | 25.06% | 1.03B +C | Stellar • XLM | 0.4827 | -0.48% | 8.25% | 116.26% | 8.22B +C | Stratis • STRAT | 12.41 | 6.10% | -17.88% | -12.04% | 1.14B +C | Syscoin • SYS | 0.6200 | -3.85% | 4.03% | -7.38% | 321.08M +C- | Ubiq • UBQ | 4.47 | 5.83% | 13.54% | 4.99% | 161.44M +C | Verge • XVG | 0.0928 | -1.45% | 7.86% | -63.53% | 1.28B +C | Vertcoin • VTC | 4.46 | 5.69% | 10.63% | -41.18% | 179.97M +C- | Viacoin • VIA | 3.85 | 3.50% | -9.24% | 18.10% | 79.13M +C | Waves • WAVES | 8.14 | -1.45% | -2.71% | -41.02% | 802.34M +C- | WhiteCoin • XWC | 0.1787 | -1.55% | -3.17% | -18.53% | 43.61M +C | XTRABYTES • XBY | 0.2853 | -5.93% | -15.90% | 20.77% | 118.50M +C | Zcash • ZEC | 448.19 | -1.73% | -14.75% | -20.76% | 1.32B +C | ZCoin • XZC | 71.98 | 3.79% | -2.88% | -14.52% | 273.47M +C- | ZenCash • ZEN | 35.45 | -3.90% | -12.32% | -19.85% | 105.64M +Anyone else get their FIRE tendencies from their parents? My dad has had the same well-paying sales job for 30 years. My parents never had any debts and we lived below our means. + +I was driving home yesterday for the holidays and I saw him on the side of the road picking cans. During my entire childhood, he would pick cans on the side of the road, shaking out the slugs and beer along the way. When I was young enough to not be embarrassed by it, I would tag along with him. Every few months his job would take him 250 miles away to a state that gives $0.05 per can, so he would drive with these huge garbage bags filled with rancid cans so that he could get $40 "for gas." + +You can start to imagine the type of impression this left on me, and to this day I still learn more about his character as I reflect on it. He never outwardly spoke about it as some sort of lesson, but it taught me so much. Some things that come to mind: + +* Never lose the value of $1 +* Success doesn't put you above doing the dirty work +* Actions speak volumes +I want to welcome all the members who have joined over the past week. Many of you have come from wsb, and I am seeing multiple occasions where people have regretted the losses they took last week and have expressed a desire to learn investing fundamentals. + +That’s great! I plan to put together a “fundamentals” guide at some point, but I have not yet had the chance. In the meantime, though, I want to point out the flawed reasoning behind a common sentiment over at wsb, one that may apply to some of our newcomers: + +”Technically, if I don’t sell, I haven’t lost.” + +The point people are trying to make is that you only *realize* a loss on a position if you sell your stock. For example, if I’ve purchased a stock at, say, $400, and now that stock is down to, I don’t know, $50, then *technically* I haven’t lost anything yet because I still own the share. + +This is incorrect reasoning. To explain why, you have to consider the notion of **opportunity cost**, which is essentially the cost of *not* choosing an alternate option. So let’s say I have two investing options: option A and option B. Option A will pay me 12% return, option B will pay me 10% return. I went with option B. In this case, my opportunity cost is 2%, or the additional return I *would have* made by going with option A. + +If we return to our example of the $400 stock that is now trading at $50, then sure, on the one hand, we have not sold our share and so we have not realized any actual loss. But that’s not the end of the story. You also have to account for the *opportunity cost* of holding on to a $50 asset when that $50 could otherwise be reinvested. + +Say you hold your share and it stays at $50 for the remainder of the year (perhaps in the best case scenario). By holding, you not only have lost 87% thus far on the initial trade, but you’ve also cost yourself the potential gain of putting that $50 into a safe investment (like an index fund), which likely will have a modest 8% gain on the year. That 8% gain is the *opportunity cost* of holding. + +In short, no, there **is** a cost even when you do not sell. + +(This is not financial advice, I just want to explain a concept.) + +\*\*\* + +**Edit**: I’ve received lots of encouraging messages from people who really are interested in the fundamentals guide I mentioned above, and I will definitely put that together for you. I’ve also received some, uh, not so encouraging messages from people who assume I’m telling everyone to sell. + +Let me clarify: as I’ve said elsewhere in the comments, the concept of opportunity cost does not necessarily mean that every position that is currently down should be sold. Why? Because if you can reasonably expect that your current position will have a better return than those alternative options, then there is no opportunity cost. If you are down 4%, but expect a bounce back and, eventually, a 12% return overall, then the 10% return on an alternative position does not present a cost to you. + +If you expect your $50 stock to return to $1000+, then chances are that you won’t have any better opportunities available than a 150%+ return (assuming you bought at $400 and are currently at $50, then $400 is your break even point. $1000 would represent a 150% return on $400). + +It is important, however, to consider the *likelihood* of each of these outcomes. That is, how likely is it that you’ll see a 1900% increase on your current position ($50 -> $1000) versus how likely is it that you’ll see an x% return on another opportunity? I’m not telling you what to think here, but that is the question everyone has to ask with every investment. + +My purpose was merely to correct for the claim that there is no cost to holding at a loss. There is, assuming that other opportunities can reasonably be said to offer gains over and above what you can expect from your current position. + + +[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!* +The last few days seem like a turning point regarding the psychology of America. People are now finally ready to hide in their homes until the virus goes away. Almost a thousand people in line at the local Costco waiting to buy a month of groceries. Nearly everyone I talk to is planning to work from home- as long as they have a job- and not leave their house for the foreseeable future. + +Everything is closed. Retail stores and maybe entire regional shopping centers are planning on closing putting millions out of work. People are afraid to travel and be within six feet of anyone but their immediate family. This could go on for six to twelve months. + +How can our society and economy support this level of fear? Won't the stock market drop to incredibly low levels as people hunker down? Why would anyone buy stocks now? +History does not repeat. But it does rhyme. + +> The Legacy of the Smoot-Hawley Tariff Act + +> The Smoot-Hawley Tariff Act was a grave error for U.S. trade policy. As the United States slid into depression, the act represented a desperation move by Congress and President Hoover. Since then, presidents have regarded free trade as the rule rather than the exception. Economist Douglas A. irwin discusses the Smoot-Hawley Act and its legacy. + + +https://youtu.be/R3zvJe3Koyw +Amazon Prime rates are going up for US Customers on Feb 18th. **What that means for Amazon's revenue generated from Prime memberships?** + +Amazon had \~151.9M US Customers in 2021. And its projected to have \~157.4M by end of 2022. The annual price increase: $119 > $139, will generate an additional $3.8B in revenue + +(151.9M @ $119 = $18.07B | 157.4M @ $139 = $21.87B) + +But, only half (48%) of subscribers pay annually. 52% of Prime Subscribers in US who pay monthly (with relatively high loyalty - 97%), their rates are increasing from $12.99 to $14.99, resulting in the following numbers: + +(78.98M @ $12.99 = $12.31B | 81.85M @ $14.99 = $14.72B) + +An increase of $2.41B in revenue from monthly members. + +Adjusting the annual numbers a bit. For the annual subscribers (48% of total US customer), the updated numbers look like this: + +(72.91M @ $119 = $8.67B | 75.55M @ $139 = $10.50B) + +Which would result in an adjusted increase of $1.825B from annual subscribers. + +Thus, Amazon will generate an additional $4.235B ($2.41B+$1.825B) in revenue as a result of this price increase. + +The higher rates for monthly members, an increase of $24 per year, versus an increase $20 for annual members could see a migration of some monthly members to annual membership. + +And, maybe that is what Amazon is trying to accomplish here. Remains to be seen if higher monthly costs will cause monthly subscribers to churn or convert to annual subscribers + +**TLDR**: Same as title, the increase in Amazon Prime prices will result in an increase of \~$4.235B in annual revenue for Amazon from Prime memberships. + +[https://finance.yahoo.com/news/amazon-prime-fee-rise-180-175155725.html](https://finance.yahoo.com/news/amazon-prime-fee-rise-180-175155725.html) + +[https://backlinko.com/amazon-prime-users](https://backlinko.com/amazon-prime-users)[https://reuters.com/business/media-telecom/amazon-hikes-prime-membership-fees-us-2022-02-03/](https://reuters.com/business/media-telecom/amazon-hikes-prime-membership-fees-us-2022-02-03/) +I'm a custom woodworker, and I've outgrown my shop. I've been looking for the perfect piece of land so that I can build my dream shop on it....3000sf down for the shop, and 2000sf upper story for me to live. + +I found it! The perfect piece of land! On the side of a mountain, not too far from where I currently live, 7 acres of hardwood forest that I'd use to build out the shop. Yay!!!! I"M SO EXSCITED I CANT STAND IT!!!! + +I don't have the money to buy the acreage outright, so I go to my local bank and am trying to get a loan. The rules are very different for buying raw land. 80% loan to value. If you want to get a building loan, they require that you use a list of approved general contractors, and then they pay them as work progresses. + +I just want the land now, and I'll build later. I just hope I don't get caught in a bidding war, as they only loan to the offering amount. + +What are my options, any advice from the Esteemed Assembly? + +&#x200B; + +UPDATE: I checked with the county building inspectors, I could build on it. I call my realtor with the good news and he tells me that someone came in with a cash offer less than 24 hours after the property was listed. well darn it! + +I relayed this info to the bank, and they suggested getting a Line of Credit type of loan. So that's what I'm going to do. +I'll be graduating high school next year and I was wondering if majoring in data science or economics and finance would be more beneficial to algo-trading +New at algo trading i started with python and interactive brokers (ibpy) but for some reason it seems more experienced traders recommend not using Ibpy as there are issues. Does anyone have a preferred broker and API which they've had success with in the past? + +I'm strong with python but open to suggestions +What do you think of his work and his opinions on Portfolio Theory? He seems like a guy who is well knowledgeable and has had experience with Quant Finance. +Personally i enjoy his words on not blindly relying on models and the critic of the bell curve. +Whats your take on him? +Before I do I would like to run it by this sub. + +I had a plumber come out and assess a sewer gas smell I had been having. He came out and looked underneath my trailer and pointed out what he said was a broken waste pipe and a bad p-trap that wasn’t allowing the toilet to drain properly. He stated someone else would have to come out and dig up my septic line, dig underneath the house and repair the cracked pipe along with the p-trap. I was instructed to empty out my storage shed so they could move it, to gain access to the underneath of the trailer. + +I’m in a hotel room waiting and I never received a call from them with any updates or anything. I called them and she said he was done. Seemed kinda quick but we went home. + +I could tell when I got home they didn’t move my storage shed and didn’t dig underneath the house. I looked underneath the trailer and it hadn’t been touched and no new p-trap installed. I asked the plumber what he did as he didn’t dig underneath the house. He looked kinda confused and said he might have to swing by and look at it. He never did. I then called and asked the office lady what the guy did to fix it. She kinda explained it to me and said he removed a toilet paper clog and put in clean outs for easy access and repaired a crack in a pipe that was outside the house. + +That’s what my invoice said. Repaired crack and installed risers. + +I’m still confused as to how he fixed it when the broken pipe was under the house. I never got a clear answer from anyone. + +I called the office and requested someone come back out. I never got a call back and was told one of the plumbers is pissed and complaining about me calling. I then sent an email and never got a response or call. + +The smell is slowly coming back and I sent my check in on Friday. I want to tell the office I’ve stopped payment on my check and will not issue another one until it’s fixed. I just don’t know if that is too harsh. I’ll even pay them more money to fix it properly but not until it’s fixed. + +No one fully explained to me what was done and it’s obvious they didn’t fix it, and now they’re ignoring me. + +Is stopping payment until it’s fixed a good idea? + +Due to the fact that I have to have this done all over again and possibly pay another $1800 I filed a claim with my homeowners insurance but not sure if they’ll pay for something that wasn’t fixed properly. Any advice is appreciated. +I am not some kind of dude who pushes people into investing and appearing like some financial guru. But when i tell my friends and family about the long-term benefits of index investing, it seems like most of them hate listening to it. It's not just that they aren't interested. It's more like they want to actively ignore it. My brother even becomes defensive and a bit insecure to the point that he tells me to focus on my career rather than earning pennys on risky gambles (referring to my investments lol). + +I am just trying to help people out. But it's as if people don't want to know more about the smart things they can be doing with their money. +It's gotten to the point where I'd rather check out /r/Ethereum then waste time in /r/ethtrader trying to scroll through a list of memes before finding valuable information on ETH. + +It was cute a funny the first time we all thought we were going to the moon but now after every peak and dip there's a new batch of memes. Heck if you guys completely disagree with me AT LEAST lay off the Dave Chapelle one. + + +Fellow traders, as title said, what kind of social life do you guys still enjoy? + +I'm a 24 years old and have been investing most of my salary on crypto, and realised that I don't have much $ left to spend on things like shopping and movies, rather using them to buy more coins. Just wondering how you guys lives have changed since the discovery of cryptocurrencies. +Hey + + +For about 6 months now, I have been running [syncforynab.com](https://syncforynab.com) with the main focus being on the UK. However, we are now able to support around 3000 banks in Germany, and we are looking for some people to test it out before we open it up to the general public. + + +If any of you are interested, and have a German bank account, then please sign up for a free trial and send me a message within the app and I will enable the German Beta for you. + + +For those of you not in Germany, we are hoping to have France, Italy and Spain online soonish to join the UK banks we already support. +Let me preface by saying I'm very new to the whole loans thing and finance management in this context. I'm also not sure I got the English technical terms correct, so please take my post with a grain of salt. + +Currently, I'm living in a flat in Warsaw with my SO - the flat is her own. We'd like to buy a house (elsewhere) that's currently being built by a developer and should be ready for finishing works (painting, furniture etc.) by May 2023. + +My reasoning was as follows - recently (past couple of years) there seemed to be a popular notion among my peers that if You can afford it, it's better not to sell a flat but instead to get a mortgage. This seemed fine for me, since a) in the end, You have two houses and this is always good because real estate is always a good investment b) You can rent out your previous flat and put your earned money into partially paying down mortgage c) if You run into money trouble later in life, You can rather easily sell the flat and use that cash for the pressing matters OR pay down the remaining mortgage at once. + +House is 900k, so after including finishing works, furniture and stuff we'd probably need roughly 1.1 mln PLN in total (that's just guesswork for now though). If we were to sell the flat, use most of our savings and borrow from our parents, we could probably reach that in cash. + +We've yet to meet with a mortgage advisor, but I have fiddled with some online calculators and there's just something I don't understand: how can it possibly be better to pay a total of e.g. 2.4 mln PLN (i.e. twice as much) instead of selling the flat and buying with cash? This seems completely counterintuitive for me - like, I have a flat worth 600k and a house worth 1mln but I paid almost 3mln overall vs I sold the flat and have a house worth 1mln and I paid 1mln. + +Could You please help me understand why is it (or not anymore) a good deal? + +As for the aforementioned mortgage advisor, I plan to ask them a similar question, but I kind of doubt they can give an unbiased answer since their job objective is after all to make people get mortgages. Hence, I'm asking You for an unbiased advice - should we get a mortgage, or sell the flat and buy with cash? +Info about the netherlands: Currently the housing market in the netherlands is booming for starters houses. In smaller places houses that were 200k a few years ago are currently in the high 200's and some even hit the 300k. In smaller places houses that were 450k a few years ago are still around 450k. It is just the starters houses that sky rocketed. + +Currently i am a starter with a good saving, salary and the want for living on his own. No girlfriend so im shouldering all the costs. Any tips about my living situation? + +My options are: 1 renting which i can easily pay but think is a waste of money. 2 buying a small house that seems like a waste of money due to the increase of costs for small houses. 3 buy a big house which will take max mortgage. + +Advantage option 1: small and i like small places. Able to move out easily and going to another location. I am however not seeing myself move away from my city. It is however possible to buy a bigger house later together with a girlfriend i may find in the future. Disadvantage option 1: expensive and "throwing" money away to rent. + +Advantage option 2: nice to be a home owner. Similar cost to rent but now instead of payjng some landlord i am paying of my mortgage. Small and i still like small places. Disadvantage: for some more i could have a bigger house which would be nice for the future since i do want to start a family in the future. Its also at the peak of costs for the past many years. Unsure whether i can sell it for a similar price. + +Advantage option 3: home owner. I own a huge house for the future. If i sell it in the future, it will probably have a similar or higher value. Disadvantage: took high mortgage. Until i have a family i live in a huge house on my own. My city is to small to do subrenting so yhat is not a possibility. + +What do you guys think? +I give you some context, you roast me down bellow. Deal? + +I'm a 26 y/o from Spain, investing monthly on ETFs through Degiro. I have a long term goal, loosely trying to track the FTSE All-World index using accumulating ETFs from the commission free ETFs list, trying to keep the expense ratio (TER) as low as possible. + +Reading that, you might assume I'd be going 100% on **VWCE (TER: 0.22%)** every month. + +However, as it's been pointed out many times in this subreddit, you can lower your TER, replacing VWCE (0.22%) with sth like: **87% IWDA + 13% EMIM**, which would result in approx. **0.20% weighted TER**, or even 0.13% if you go for Lyxor's LCWD instead of IWDA. + +Tbh I was happy with that, but then I came across Matt Simons' song "We Can Do Better". I had to check. + +&#x200B; + +FTSE All-World index is essentially: + +56.6% USA + 17.4% Europe + 12.9% EM (incl. Korea) + +\+ 6.8% Japan + 2.6% Canada + 2.1% Australia + 1% Hong Kong + ... + +USA, Europe and EM all have low-TER ETFs in Degiro that track them pretty accurately and make up 87% of the market. So I thought, would it be that bad to **ignore Japan, Canada, Australia and Hong Kong?** + +**My plan** is to proportionally spread the remaining 13% that they were taking between USA, Europe and EM, as follows: + +65% SXR8 (iShares Core S&P 500 UCITS ETF (Acc)) -> TER 0.07% + +20% IMAE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) -> TER 0.12% + +15% EMIM (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) -> TER 0.18% + +**Resulting weighted TER -> 0.1%** (which could even go lower by including some euro hedged E500 inside that 65%) + +&#x200B; + +I am well aware that *"past performance does not predict future results"* but for some reason, long term, I am more worried about taxation and TER than I am about missing out on Japan etc. + +***What do you think about it?*** +Hello all, + +I'm looking at buying property in a non-EU country (Armenia, to be precise). Initially, the property will be rented with a medium-term plan of a family member moving in. I've gone to banks there, and I can get a mortgage, but their interest rates are quite bad (minimum of 9%). + +I have a couple questions: + +1) Are any EU-based institutions willing to provide loans for property out of the EU or am I stuck having to get an unsecured loan? +EDIT: It seems the consensus is clearly that I cannot get a secured loan. Any thoughts on Qs 2 and 3 are still appreciated. + +2) Can I look at any EU-based institution for a loan or do I realistically need to pick a German one (i.e. can a foreign bank access my credit history in Germany)? + +3) If the answer to #2 is any EU-based institution, any advice on how to search? In Germany, there is a good site called Check24, but I don't know where else to search beyond that. +I posted a broader question in r/germany ([link](https://www.reddit.com/r/germany/comments/cdhwan/software_qasdet_got_an_offer_to_move_to_germany/)) but thought it might be worth to ask around here and focus on the financial aspects. + +&#x200B; + +TL;DR: Got a job offer to move to Berlin along with my husband. He will be unemployed for the foreseeable future (he'll work hard on getting a job but better plan with the worst scenario in mind) and we're trying to see how comfortable/not can we live with the offered salary. + +&#x200B; + +As we stand right now we have: + +* Offered salary -> €60.000 a year. +* Company stocks -> €40.000 in stocks over 4 years (not counting this for the day to day but probably worth mentioning). Company is public in the German market. +* Current savings -> About US$41.000 cash + a good chunk of equity from my current (also publicly traded) company but I don't expect to need that. + +&#x200B; + +So, I can easily affront the relocation costs (which the new company will be paying/refunding anyway) and afford all the one off expenses of moving like security deposit for a flat, living there until I get my first paycheck and overall just enjoying our new city like tourists which will come with a higher than usual level of expenses. + +&#x200B; + +What I wanna know is... after the dust is settled and we moved into a more 'local' life style rather than being tourists and wanting to try out everything. Is \~€3200 a month good enough to live + go out once a week or so + buy random crap every now and then or save?. + +&#x200B; + +Some more specific info of what I'm thinking about: + +* 2 Persons. I will be working while husband will not at first. He's gonna be looking for a job but also focusing on learning the language. +* Will be renting. Don't really care for it to be downtown/2 blocks from the office. I have a 40 minute commute here now and I don't mind keeping something similar. Ideally the apartment would be 1 Bedroom+Living room +Kitchen... maybe some extra small room but we're not that picky really. No plans on kids in the near future haha. +* Utilities of course. +* Basic stuff like mobile service for both, good internet connection at home, gym for both and monthly public transit passes. +* Not so basic stuff like Netflix, some music service. +* Healthcare if I need to pay extra to cover him. +* Going out once or twice a week. We're not the 'fancy' kind of people so this could just going out to a bar or stuff like that. +* Whatever you guys think might be important that I'm missing. + +&#x200B; + +I know it's a vague guideline but not sure how to describe that level of spending haha. I was referred to [this site](https://www.numbeo.com/cost-of-living/in/Berlin) a lot fo guidelines and using their estimator with stuff like "3 bedroom apartment + gym/transit + going out 25% of the month + some other settings" it adds up to \~€2900 a month. + +&#x200B; + +Thanks! :D. +Hello Redditors, + +&#x200B; + +I am about to hit my 30s and I would like to start managing my personal finances better. I am looking to kick it off with something to read in theory, just to understand all the abbreviations you guys are also using on this sub-reddit, as I do not know them. + + +My expectations would be to learn: + +\- Managing my Personal Finance (splitting incomine / expenses / savings ... handling debts and loans, ...) + +\- Advice on investments + +\- Learn more about Crypto market + + +I have googled about the books A LOT. But whenever I go on Amazon and read the reviews, I always notice the 1-star reviews with lots of 'thumbs up' and this throws me off. I don't want to spend my time reading a book that at the end will only cost me few 10 EUR and some of my valuable time. So I decided to join here and ask directly people that have experienced with Investing and handling finances. + +&#x200B; + +I am open to any recommendations. +Hello Redditors, + +&#x200B; + +I am about to hit my 30s and I would like to start managing my personal finances better. I am looking to kick it off with something to read in theory, just to understand all the abbreviations you guys are also using on this sub-reddit, as I do not know them. + + +My expectations would be to learn: + +\- Managing my Personal Finance (splitting incomine / expenses / savings ... handling debts and loans, ...) + +\- Advice on investments + +\- Learn more about Crypto market + + +I have googled about the books A LOT. But whenever I go on Amazon and read the reviews, I always notice the 1-star reviews with lots of 'thumbs up' and this throws me off. I don't want to spend my time reading a book that at the end will only cost me few 10 EUR and some of my valuable time. So I decided to join here and ask directly people that have experienced with Investing and handling finances. + +&#x200B; + +I am open to any recommendations. +Hi r/eupersonalfinance! + +I am looking for experiences and advice from people in similar situation. + +My wife and I both are working remotely in Poland for companies registered in Poland. We have begun exploring an option of working from Canary Islands. + +While in my case, I would be employed by Spanish branch of the company, in my wife's case there is no such option - still she would like to retain her current job. + +Based on what I have read, if a person lives over 183 days in an EU country, they are considered tax resident and need to pay income tax. This is understandable and can probably be fixed by declaring with the employer that they do not pay advance payments to the Polish tax office. + +The problematic part is the social security part - healthcare, pension payments etc. If my understanding is correct, this also needs to be paid in the country of residence. This I believe would require the employer to be registered in Spain which they are not. They would not open a branch - this is a small company. + +I have been looking for ways around that and been considering self-employment (Spanish autonomo) which would shift the taxes and social security responsibilities to us. My wife would then send monthly invoices to the company in Poland. + +This however may not be legal as having only one regular invoice suggests a state of employment so I am not sure if this can be done. + +Has anyone been in similar situation? If so, how did you work it out? +I just watched a video from CMC discussing DAOs, and at first I was like, oh cool she’s making all the good points, but then she continued and even more so at the end, I was like *….wait a minute….* this is oddly similar in structure and content to my recent info post about DAOs. + +[Week old post for reference](https://np.reddit.com/r/CryptoCurrency/comments/ragxwq/i_spent_5_hours_researching_what_a_dao_is_so_you/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[CMC video from 2 days ago](https://m.youtube.com/watch?v=zzE3fpOqJbc.) + +Now mind you my post was a large aggregation of multiple sources of information, but tell me what you think, my old post and this video are just too similar in format and examples used! + +I’m both flattered and upset. + +**Edit:** CMC has allegedly responded, here is a [Reddit link to a now deleted comment from CMC](https://np.reddit.com/r/CryptoCurrency/comments/rfnmjg/coinmarketcap_stole_my_recent_reddit_post_about/hohpen9/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) on this post that can now not be found. +I want to get more fit since I am just a skinny dude, but spending money on gym freaks me out, since I am always short on cash. And also I am unable to get enough protein since protein powders and other supplements are way out of my budget, and meat is also no choice for me since it's costly too. What should I do, what do you guys suggest ? +And how do you keep up your fitness? + + +Edit- I have never expected this many answers, you guys are so helpful, thanks for your advice, I will start from tomorrow. +I will start with calisthenics and push-ups in beginning, thanks everyone 😊. +Never mind that the market quickly recovered because we are infinitely printing money. How free is our free market when some people have information that most don’t? Dafuq? + +Do you see how hard some people here are working digging for DD? And how hard bad actors are trying to hide stuff or ask for confidentiality to extend hiding stuff like when the 13-F’s came out 😂. Politicians. MM. Lobbyists. Special interest groups. Not trying to make a pointed political statement or generalize. + +But they WILL choose to blatantly misrepresent or omit reporting information. They WILL do this because they can, and when they can’t, they do it anyways because the fine is a slap on the wrist. It’s as fucky as fucky can be. Always has been. +Source: https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20201302.pdf + + +**Initial Jobless Claims:** + +Survey: 1,320,000 + +Actual: 1,480,000 + +Prior Week: 1,508,000 + +Prior Week Revised: 1,540,000 + +**Continuing Jobless Claims:** + +Survey: 20,000,000 + +Actual: 19,522,000 + +Prior Week: 20,544,000 + +Prior Week Revised: 20,289,000 + +Total Jobless claims in the last 14 weeks: 45,086,000 + +For comparison sake, the worst weekly jobless claims during the Global Financial Crisis was 665,000, for the week ending on March 27, 2009. This is the 14th consecutive week of new weekly jobless claims being over 1 million. +I received a lot of questions this week about working in finance. How do I apply given my situation? What division would I enjoy? Are the hours worth it? + +So... if you have any specific questions about working in the financial industry, feel free to ask them here. :) I know that this is Reddit and not WSO, but perhaps this'll reach a different audience. Mods, feel free to take this down if this type of thread isn't allowed. + +**If you've worked in finance, please feel free to chime in as well! I am NOT a finance god (and this is not an AMA). Your input would be much appreciated.** + +--- + +As for my background, I've worked on the sell-side and buy-side at multiple bulge-bracket firms. I started off by interning during college. Today, I'm running a quantitative trading firm. + +-Please don't insult me for trying to help others break it into the industry - if you don't like the advice given to you in this subreddit then leave. ** *No one has all the answers.* ** + +--Also, we are not allowed to give financial advice on here - only career advice. No questions about brokers, lawyers, databases, strategies, my life, etc. + +I have a ton of great friends and generally get along well with people that I work with in school. However, I consider myself to be slightly awkward in a social sense and don't have a great amount of confidence in my social skills and ability to make new friends. I have a slight speech impediment/difficulty articulating and this doesn't helps me too much while interviewing for jobs. + +I chose a finance major after my sophomore year because my university's Business School is considered to be one of the most competitive and prestigious schools within the university, and I was otherwise undecided in a major. To me, the major seemed 'cool' and when I thought finance I imagined a quant just crunching numbers in order to pick stocks. I now realize that business jobs (even finance positions that I thought would be mainly quantitative) are hugely about personality and communication skills. If I could go back, I would choose computer science or engineering. + +I'm currently a senior and the fall job hunt was unsuccessful. I applied to easily 50+ positions and had about 15 interviews (only one second-rounder). At the time of those interviews my GPA was just below a 3.7 and for the spring semester I will be interviewing with just below a 3.6. + +I didn't apply to the Business School until the end of my sophomore year and received my acceptance later shortly before starting my junior year. Due in part to this, I don't have any stand-out business experience. I worked as a temp in the accounting department of an engineering firm after my junior year. This was a pretty basic role and I utilized zero of the concepts or knowledge that I learned in my accounting and finance courses. During this school year, I am working as a paid project manager for a student org. I work with communities to organize our events and manage our event budgets. I'm very thankful to have this role because it gives me actual professional experience in managing individuals and I have a lot of freedom to run things how I see fit. However, the position necessitates lots of phone calls and such. Unfortunately for me as a finance major, that's not something that I feel totally at home doing. At the same time, I see this role as a great way to tackle some of my aforementioned weaknesses with speech difficulty and socializing. + +I'm here looking for advice on how to position myself in terms of finding a good first job and planning my longer-term career goals. Suggestions for specific roles would be appreciated. Are there any individuals out there who had a similar experience with their choice in degree? How did you navigate yourself to a position that suited you? I'm hoping that there is a place for me in the financial industry and that I didn't totally waste my time getting this degree. +I (30) was blessed this weekend to marry my best friend (35) and now wife after being together 6+ years. Currently with a House (1yr) and Pupper, and decently along in our chosen careers (Law/IT). + +Curious what advice the Reddit hive mind might have for a newly married couple, as we embark on this new journey together and begin to speculate our financial and personal goals going forward. Thanks! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +The DOW Sheds 939 Points and NASDAQ notches its worst month since 2008, per BusinessInsider. Each of the three major indexes capped off losing months, as of 4pm Friday 4/29/22 they stood at: + +S&P 500: -3.63% +Dow Jones Industrial Average: -2.77% +NASDAQ Composite: -4.17% + +With that being said, + +What are you buying come Monday morning? + +Personally, I'm loading up on VOO and JPM. Would love to hear what others are doing. +I recently took a small position in Capital One and Citigroup, due to decent dividend and low P/E ratio. I'm new to investing and especially value investing, but I figure single digit P/E is pretty good for the industry. I then looked at the price history of the stocks and feel I'm buying near the all time lows. Moreover, those companies should be stable for a long time. + +I'm just not sure how banks would fare in this rising interest environment? On one hand, they make more profit from loans, but they might also get less loans. Is this a good time to buy them? + +Thanks +Can GOOG be considered Value at current levels?: + +Stock Split happening + +Drop of 24% from highs + +$70 Billion in buybacks + +So, maybe value is not exactly the right term to explain it but with Walmart with a much higher PE, Google is looking quite interesting at these levels to me +My non-401(k) portfolio is down about 20% since February (was too heavy into genomics, clean energy, and tech), so on the 14th I made $T one of my larger holdings and one of my high-yield dividend stocks for (hopefully) a little less volatility. + +Four days later and it loses over 10% of its share price and will likely have its dividend cut handsomely. Nice. + +Anyway, enough complaining. Onward and upward! +So I've been screening for some cheap small caps for a while now and I think SGRP is a good candidate for becoming \*I THINK\* a multi-bagger. + +So what's SGRP? It's basically a merchandising and marketing business that serve other businesses (B2B) retailers, grocery, etc. They're also the ones who model the store sets for those business and help them with product assembly. + +tl;dr, Spar group (SGRP) offers merchandising and marketing for other businesses + +I haven't done much reading/checking if the company's doing some financial shenanigans, but I'll take a look or overview at the company's finances on why it's REALLY undervalued. + +**Overview:** + +Market Cap: $26M + +Enterprise Value: $36M + +Outstanding Shares: 21.1M + +Share Price: $1.23 + +Ticker: NASDAQ:SGRP + +SGRP revenues have been growing at an average of 11% YOY growth from 2006-2020 ($52M in FY2005 to $231M FY2021) with current revenues at $231M at FY2020 from $253M (Which is an understandable drop due to COVID). Taking a look at TTM Revenues, Revenues have came back to the $250M\~ level. + +Basically, the company is trading at a sales/price ratio of 8.88. What this means is that for $1 the company is worth, you get $8.88 in sales. + +Ok, so far so good, the company's generating consistent revenues but what about cash flow and book value? + +**The Balance Sheet:** + +SGRP, using altman Z score, is at 4.22 indicating that the company is no where near financial distress or risk of bankruptcy. + +This is also backed by a 72% MC of EV\* \[MC = Market Cap\] + +Not only that, but cash on hand is 62% of the company's MC which is a great sign of financial health for current assets in comparison to market cap. + +SGRP is also trading at 1.49 Book/Price and 1.26 TanBook/Price \[For $1, you get $1.49 in book value or $1.26 in tangible book\] + +So in the balance sheet, company is trading extremely under book value and tangible book. + +Doing a net-net here, by pulling out the NCAVPS (net current asset value per share), we get NCAVPS at $1/share which is approx. 81% of market cap + +I also forgot to mention Asset/price at 3.24 and net PPE per share (FY 2021) at $5.7 (Literally the "10 cents for a dollar") + +With altman z-score, book/p, tanbook/p + +S**FCF/Earnings:** + +EPS has been at $0.16 for 2020, CFO/share at $0.42, and SFCF/share at $0.34 (Which is very good in comparison to market cap) + +So with these numbers, the company is currently yielding at 34% from CFO and 28% from SFCF. + +Comparing these to equity (ROE), we get an average of approx 13%\~ ish for the last 8-9 years and return on tangible book at 15%, Return on net PPE at 94%. + +**Conclusion:** + +I don't have a specific number for the exact valuation, but I'll do it as a range. I'm expecting for SGRP stock to atleast reach $4-$8 due to tangible book per share being much more higher than the stock. + +With the $8 valuation being very overvalued\* + +If this stock were to be at fair value, I don't expect it to trade at 1:1 with sales to market cap due to operating margin only at 4% and SFCF margin on revenues at 3% + +If we want to do some discounting here, I approximate an 11%\~ WACC and by assuming the worst case scenario is where SFCFs grow at only 0% onwards from $7m a year, we get a valuation of $2.88 but if we make it 1% a year, still a worst case scenario, we get $3.4. + +So why is the company very undervalued? + +1 - Sales/Price is at 8.8 + +2 - Book value is 149% higher than current MC + +3 - Tangible Book is at 126% higher than current MC, ridiculously high + +4 - ROE's, for 9 years, averaging 13% + +5 - Cash is 62% of market cap + +6 - Return on Tangible Book is 15% + +So an SFCF generating machine trading at below tangible book with an altman z-score of 4.22! + +**Thoughts?** + + +Edit: I forgot to mention, SGRP outstanding shares have risen from **19M in FY 2005 TO 21M** in FY 2020 which signifies that the company has no plans of adding excessive/drastic amounts of outstanding shares in the market + +\* (Just in case people thought that the reason of a dropping stock price was dilution) + +**Edit2:** Forgot to mention, some big retail giants like Amazon, Walmart, Target, Lowes, Pepsi, etc. have dealings with Spar Group, thoughts on this for a potential catalyst? + +&#x200B; +Hello, + +I have been reading a ton on value investing and I feel like I am hitting a brick wall. I feel like with all the material out there to learn about/study I find myself realizing how much of an idiot I am. I try to talk to coworkers about my value investing strategies and they just stare at me like I am crazy. I fear I am in my own bubble and I cannot reflect on myself to determine if I am just wasting my time with all this. I focus on Buffett, Graham, Fischer etc and I try to adsorb everything they write/say. I have a desire to increase wealth but my main goal is winning and not only winning but using effective/repeatable quantitative/qualitative approaches to valuing a business/company. The more I learn about value investing the more I fear I need to just buy S&P 500... sad. Any tips or recommendations? Should I keep reading and just ignore the emotions or accept my mediocrity? Thanks for your time +Does anyone have an actual guide on how to find and invest into cigar butts? I’d love to know how investors like Li Lu, Mohnish Pabrai, and Warren Buffett found, managed, and sold securities using this method to initially build up capital quickly. + +All I seem to be able to find online is: buy a handful of net-nets trading below 2/3 their liquidation value and hope they go up. This can’t be the actual approach. For example, I know Buffett really focussed his capital into a few key cigar butts, which means he’d need to look at more than just the liquidation value (I’m assuming). +Hello and welcome to yet another episode of How Not to Suck at the Stocks. This show is for entertainment purposes only and extremely not safe for work. This particular episode is about Take Two Interactive. A company I own. + +The first question I always ask myself is do I understand the business. Yes, I believe I understand the video game industry, I’ve been doing due diligence for years! **This company derives about a third of their revenue from the Grand Theft Auto franchise.** And speaking of revenue, I would actually like to direct your attention to a new website, it’s called [roic.ai](https://roic.ai/company/TTWO) and from there you can find over 10 years worth of financial data on a whole host of companies. The ticker is TTWO if you want to follow along. + +If you look at 2013, you’ll see that the revenue spiked that year. And you’ll notice that the company was unprofitable the two years prior and the two years after. This is because 2013 is when Grand Theft Auto V came out. And this used to be how video game companies operated. They’d spend millions of dollars in these super long development cycles, release the game, hope it was profitable, and then go right back to losing money until the next big release. Then something funny happened. If you look, you’ll see revenue continued to grow and then the company actually started becoming profitable in years where they didn’t have a big release. This is because video game companies figured out how to smooth their earnings. + +**Now over two-thirds of the TTWO’s revenue is from recurrent consumer spending.** This is things like DLC, or downloadable content, subscription services, in game currencies, etc. Players will buy GTA dollars and spend it on digital real estate, cars, weapons, clothing, etc. And I realize this may sound funny. Why would someone spend real money on a hat or a shirt that they can only wear inside a video game? Well, it comes down to social pressure. A few years ago, I was playing Fortnite when my nephew called me a no-skin. I asked him what that meant, and he explained that by using the default character models in the game, I was projecting the image of a noob. A new player who the other players in the game would make fun. In other words, it’s like showing up to grade school with holes in your shoes. The other children will make fun of you. So **there is social pressure inside these online communities to spend money.** + +Let’s move onto the next question I always ask myself, and that is will the company be around in five or ten years? Well, I believe that video games will only be bigger in the future and I think TTWO is particularly well suited primarily due to the GTA franchise. It’s like this generation’s Super Mario Bros. There are children playing GTA V today that weren’t even born when the game first came out. (Whether or not they should be playing the game, is another story.) **GTA V sold more copies last year than any previous year.** Yes this was during the pandemic, but it’s still impressive for a game that came out in 2013. So yes, I believe that the company will still be around in 10 years. + +Finally, does the firm have any competitive advantages? The video game industry is extremely competitive. With the rise of mobile devices players can download high quality games for free. They don’t need to spend $60 on your game. There are no switching costs from going from one game to another. I don’t believe TTWO enjoys any sort of low cost advantages in game development. One could argue that there is a network effect with online games. The more players who play a game, the more valuable the experience becomes, and the longer the game stays relevant. Realizing this, TTWO has recently made GTA Online free to play (while still charging for the single player game). But **I believe video game companies derive most of their value from their brand name.** Certain brands are equated with high quality, ie Nintendo (NTDOY). And when those companies announce new titles, it generates a lot of buzz that translates into preorders and sales. But sometimes fan favorites fuck up and tarnish their brand, ie Blizzard (ATVI) and Bethesda (MSFT). + +My concern with TTWO is they’ve recently released the **Grand Theft Auto Trilogy Definitive Edition** — remasters of the old Playstation 2 games. But these remasters are **essentially broken**. On social media, players are having fun sharing videos and images of broken physics & weather effects, deformed character models, misspelled signs, and game crashing bugs. The PC version was even taken down over the weekend because it contained music with expired licenses and the infamous Hot Coffee mini-game. The Hot Coffee mini-game was a sex simulator buried within the original code for GTA San Andreas. Players could only reach it by hacking the game. But it’s inclusion caused the game to receive an Adults Only rating which meant that big chain retailers like Walmart refused to carry it. It was a huge scandal that cost the company millions of dollars. This was a mistake they made in 2004 and now again in 2021. Frankly, the whole debacle is embarrassing and makes them look like a bunch of fucking retards. Their social media accounts should be swearing to address the issues, but so far their accounts are self-congratulatory. Everyone makes mistakes, and that’s fine, but you need to acknowledge your mistakes and look to learn from them before they fester. + +Even worse in my mind, is that TTWO issued DMCA, Digital Media Copyright Act, take-downs and even lawsuits to some third party PC mod developers who had created their own remasters. Compare this to Roblox (RBLX) a company that embraces and partners with third party developers to create additional content. **Anyone can make a Roblox game, publish it, and start making money with Roblox in a 70-30 split, ala the Apple App Store.** It’s a beautiful business model. Instead of attempting to anticipate consumer demand like Netflix, they instead provide a platform and the community creates their own content like Youtube. All Roblox has to do is maintain the toll road. 50% of children in America are playing Roblox and the game first came out in 2006. I would love if TTWO moved in this direction with Grand Theft Auto VI. GTA is one of the most modded franchises in game history because you have diverse environments and architecture with game play mechanics for driving, shooting, running, flying, boating, etc. It’s a mod developers’ dream. I wish TTWO would have embraced these developers and offered them contracts to do the console remasters. **Instead, they sued the mods and put out their own inferior remaster.** + +Speaking of GTA VI, in their latest 10K, they show contractual marketing outlays. **Marketing doubles in fiscal year 2024, which would likely translate to calendar year 2023, specifically October.** But I wouldn’t be surprised if this number gets pushed back in the next 10K. I believe that TTWO won’t issue a release date until they’re done milking GTA V. They were supposed to release GTA V for the PS5 and new Xbox this holiday season, but it got delayed until March. I believe that’s why the GTA Trilogy DE was rushed into release. To put a bow on everything, I don’t think these missteps are catastrophic. 20 years of customer goodwill won’t be erased with one bad remaster. But burning bridges with the mod community does eliminate my dream bull case where GTA VI becomes the next Roblox. + +As far as the numbers, they’re in a tough comparable right now because 2020 was such a great year for gaming. But after that, I believe you’ll see revenues continue to rise. Services will continue to bolster the bottom line. I believe the company is trading at a lower multiple than it’s currently screening at. Under Costs of Goods Sold, they had a $55 million impairment charge due to a canceling a game they had in development. These kind of impairments happen all the time, but this one seemed particularly egregious, so I gave that money back to them. Under General & Administrative they had a $20 million ‘earn-out’ fee related to an acquisition. I account for this on the balance sheet, so I gave them that $20 million back too. I also negated interest and gains on investments, because I don’t believe those to be part of the core business and instead I’ll account for those things on the balance sheet. (Some people just use EBIT for this purpose.) That leaves me with a trailing twelve month, TTM, adjusted Net Income of about $600M. Note - I didn’t adjust taxes despite increasing their operating income. + +I should probably explain what I’m doing here. In order to get to a valuation, we need to come up with some sort of ‘look through’ earnings number or ‘core’ earnings number. Some sort of reasonable basis for future cashflows. It would be like if you went to the bank and they asked you for your monthly income. You should not include your stimulus check or the money you got from selling your old car on Craigslist. It’s the same idea here. + +Moving to the balance sheet, they have about $1.3B in cash, investments, and private equity. The only debt they have is $81M owed for future performance obligations related to the acquiistion. + +Last I checked, they had a market cap of about $22B, deduct $1B in net cash, for an Enterprise Value (EV) of about $21B. **Divide that by about $600M in Adjusted Net Income TTM and you’re left with a multiple of about 35**. I believe that’s probably fair for high growth companies in sexy industries. I added to my position when it was at about x28 and that was before I learned that they were suing third party mod developers. As someone with about \~20% of their portfolio in TTWO, I’m not super happy with my position. I’m ok waiting a few years for the stock to pop on GTA VI news, but I have to be confident they’re not going to fuck it up. +Going into these worsening economic conditions I am searching for companies to short. My criteria for companies are those who have high capital expenditure, worsening consumer demand and things which people will drop first in the face of economic hardship. + +To me Netflix best fits this description. I was frankly shocked when I heard about Bill Ackmans bet a few months ago. As many people have already said the product is getting worse, the company needs to spend huge on exclusive content to keep people around and to make matters worse they have a moat that is being drained day by day due to the amount of streaming services producing their own content. + +None of this is news to most people but having the confidence to short is something I see as really important as a way to generate income to put into stocks which are already undervalued and bring hit. Netflix has already fallen huge and there is still a long way to go. I honestly believe their members will be going down a lot over the next year due to people cutting costs and the lack of content and high price. + +What other companies do you see as worthy candidates to short over the next 6 months - 1 Year? +Has anyone seen that you can buy royalty in Beyoncé song? I saw an article about SongVest and I have bought crypto in the past, but never heard that you can buy music royalties. Has anyone ever tried it? Is it real? Investing in songs does sound cool, just don't know if this is real or not. +[https://docs.google.com/document/d/17fj0dywQP2P0y3k20ziPl0\_XOaX7GNoskteHQpxasZE/edit?usp=sharing](https://docs.google.com/document/d/17fj0dywQP2P0y3k20ziPl0_XOaX7GNoskteHQpxasZE/edit?usp=sharing) +**Business Model and Prospects** + +* Understandable, simple and predictable business models. Must easily find how they are making money and what their product/services are. +* The business must be currently profitable. +* The way the business makes money is sustainable in the long-term and will be fundamentally unchanged. +* The business must remain relevant in the future by providing a good product or service to answer demand from consumers. +* Main demographic and consumer base should be the average everyday individual. The business must have a form of consumer connection and build brand loyalty. +* Includes integrated and forecasted supply chains to deal with supply issues. (Not as important) + +**Competition and Risk** + +* Must strive to dominate. The business must continue growing to control market share. +* The business must build high barriers to entry to keep market share away from well established and new competitions. +* The competitive advantage/moat must be sustainable and is intrinsic to the business. A small and new business that is moated could compete with bigger brands. +* Limited exposure to extrinsic risk that will affect the business. +* Long-term economics is favorable to the business. Supply is limited while demand is growing. + +**Management** + +* Good governance and management. +* Operated by honest, hardworking, adaptable, and competent people. +* Management must have a good track record and reputation. Must have industry and business experts. Must do what it takes to improve their business. +* Stock buybacks and clustered insider buying especially with top management is favorable. Insider selling is a red flag. + +**Ratios and Measures** + +* PEG +* ROA +* ROC +* EBITDA +* EV/EBITDA +* High net profit margin +* Consistent revenue growth and earnings +* Free cash flow generative +* Strong balance sheet with valuable assets. Also account for off-balance sheet items +* Outside capital is not needed to run the business as the needed capital is provided by the business’s profit. +* Good equity to asset ratio. Low debt to equity ratio + +Some companies I looked at are SBUX, AMD, ETSY, BAC and CROX, some metrics are off but I like the fundamentals. I enjoy looking at growing companies in growing/in-demand industries that can eat away bigger names but also looking at the dominate companies that have space to expand due to demand . I really don't care of market cap. + +Basically would this work? How efficient is it? What type of investor am I? Any advice and fixing? +My boyfriend owns and runs a nation wide trucking company that does long haul interstate loads. He always gets worried in how much diesel gas prices may eat into his costs. I suggested maybe he should look into futures to hedge against it. Surprisingly he's never knew he could do something like that even though he's a pretty active stock trader who both shorts and longs stock. + +His company goes through 180,000 gallons of diesel in a year. My understanding is there is no specific diesel futures, only heating oil futures (which is essentially untaxed diesel). How well does /HO track diesel prices since they are chemically similar and made at the same time? I know there is a premium for diesel but is that premium pretty constant? + +With each contract being 42,000 gallons then a year's hedge would be 4.25 contracts so either 4 or 5. The only other problem is he's paying for gas all across the nation. How much coverage would he have in hedging rising prices when the price he pays is really location specific? He's already doing price arbitrage like having planned routes to hit the lowest priced gas points along the way/etc to save as much money as possible, so IMO any rising of prices would be reflected across the board and he would benefit from hedging. + +The only other concern is cash flows. He has about 100k operation capital. He's a bit nervous if he hedges for a year in advance and if he hedged at $1.65/gallon with it now being $1.5059/gallon his loss would have been 1.65-1.505 = $0.145 * 42,000 gallons = $6,090 a contract, and for 4 contracts $24k. I've explained to him if hes hedging over a year then instead of paying 180,000 gallons * 1.65, hes currently buying the gas $0.145 cheaper, so he's saving $26k, so position wise hes still break even in that example, I just painted a picture of it's like you're prepaying your company's gas use for a year so you'd have more predictable and even cash flows. Ultimately though it seems like there is an element of market timing. The lowest /HO has ever been was $0.84 and that could have been disastrous ($34k/contract loss) for his operating cash flow. Of course it would have been a huge boon if he longed it at the bottom, and since he is in the business he may have more awareness on what's going on with diesel than any of us. + +What's your thoughts? Thanks! + + + +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) +*Edit 1: Coincidence or not, CNBC wants us to sell our shares in 2 weeks, a few days before rebalancing day:* [*If you’re thinking of riding the next meme stock mania, be sure to sell in about 2 weeks*](https://www.cnbc.com/2021/06/09/if-youre-thinking-of-riding-the-next-meme-stock-mania-be-sure-to-sell-in-about-2-weeks.html) + +*~~Edit 2: As far as I remember, a T+21 cycle finishes on June 24th right? Can somebody help me there?~~* + +*Edit 3: Added information* + +*Edit 4:* *T+21 falls on June 24. T+35 falls on June 28. Thanks to* r/Throcked + +**EDIT 5: I just learned that you can not change the title.** **~~and T+21 and T+35~~** + +***Edit 6: This is my first time I put so much time in a post for this community. One thing I learned from this one is that I should only write about things that I can source, not things that I merely remember.*** ***I am very sorry for the confusion!*** + +*Edit 7: Added Information on stocks being added to the Russell 1000* + +*Edit 8:* [*720B reverse repo might be due at the same time*](https://www.reddit.com/r/Superstonk/comments/nxtguc/bottom_of_page_4_seems_to_say_theres_720b_worth/)*, it's all adding up to the same date. See Edit 1. What is going to happen?* + +***.*** + +. + +. + +*We have seen a lot of posts about the highly possible migration of GameStop into the Russell 1000 Index.* + +*I did my small DD and I wanted to share a bit of information with you. Please don't expect too much from this post, it's my first DD if you can call it that; maybe rather a compilation of free information I found on the internet. Please tell me if I make mistakes or if I should add something!* + +# Introduction: What is the Russell 1000? + +The term Russell 1000 Index refers to a stock market index that is used as a benchmark by investors. It is a subset of the larger Russell 3000 Index and represents the 1000 top companies **by market capitalization** in the United States. The Russell 1000 is owned and operated by FTSE Russell Group, which is based in the United Kingdom. The Russell 1000 is considered a bellwether index for large-cap investing. [\[1\]](https://www.investopedia.com/terms/r/russell_1000index.asp) + +FTSE Russell provides float-adjusted, market capitalization–weighted indexes for a precise picture of the market. Today, $9.1 trillion in assets are benchmarked to the Russell US indexes. [\[2\]](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf) + +# What does this have to do with GameStop? + +*You may have heard: your favorite company GameStop will probably be moved into the Russell 1000. As of now, GameStop is in the Russell 2000 Index* [\[3\]](https://content.ftserussell.com/sites/default/files/ru2000_membershiplist_20200629.pdf)*.* + +An existing Russell 2000 index member would have had to have a total market cap exceeding **$7.3 billion** in order to move into the Russell 1000 index, she said. + +Going by that, \[...\] **GameStop and its $11.97 billion market cap would make it.** [\[4\]](https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html) + +*As this PDF* [\[5\]](https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf) *shows, GameStop will be preliminary deleted from the Russell Microcap Index* [\[6\]](https://www.investopedia.com/terms/r/russell-microcap-index.asp). + +# 2021 Index Reconstitution + +Each year in May and June, the Russell Indexes release an updated list [\[7\]](https://www.ftserussell.com/resources/russell-reconstitution) of the constituents for their various indexes, notably the Russell 2000 and Russell 1000. Many exchange-traded funds and mutual funds are constructed to track these indexes, so official index rebalances force these funds to transact large volumes of stocks that move in or out of the index. **This drives major changes in demand for stocks, generating significant volatility**. [\[8\]](https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp) \[...\] + +*Check* [this](https://www.ftserussell.com/research-insights/russell-reconstitution/reconstitution-frequently-asked-questions) *page for frequently asked questions about the reconstruction.* + +&#x200B; + +[2021 Reconstitution calendar for the Russell US Indexes \[7\]](https://preview.redd.it/dwvv41zzhn471.jpg?width=943&format=pjpg&auto=webp&s=59d53dc221aa6deb5808f69f671b531c99d84707) + +*Today, June 11th, the mentioned preliminary lists was updated.* + +# What happens with stocks when they get added to indices? + +***Zoom Video Communications, Inc. (ZM):*** **How Zoom zoomed into the Russell 1000** [\[9\]](https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000)\[...\] After its IPO in April 2019, Zoom was evaluated for inclusion in Russell US Indexes during our June 2019 annual Russell reconstitution. The company met some Russell 1000 eligibility requirements—including a market cap in excess of $20 billion— but fell short of the minimum voting rights hurdle. \[...\] + +When Zoom eligibility was revisited in June 2020, it was a changed world in many respects—and very much a changed Zoom. The company’s market cap had more than **doubled to $46.8 billion, placing it well into Russell 1000 Index eligibility**. \[...\] + +**Zoom’s June 2020 addition to the Russell 1000 meant that it leapfrogged the Russell 2000**, bypassing the initial step of many companies that later grow to become eligible for the Russell 1000. \[...\] And since its inclusion in the Russell 1000, Zoom’s growth trajectory has continued. As shown below, as of September 30, 2020, **the company’s market cap has reached $132.5 billion** and is now larger than the broader Russell 1000 dollar-weighted median market cap. + +https://preview.redd.it/ir0jmjofzs471.png?width=619&format=png&auto=webp&s=bfaa044b083da8503cd0594292397c465617ede2 + +[ZM prices before and after Reconstruction Day 07\/29\/20](https://preview.redd.it/xtt848ej0t471.jpg?width=1920&format=pjpg&auto=webp&s=0e44c91c7546310c2b86f6e4c418f596607b1dff) + +[u\/onlyhereforthelmaos research on companies that moved from R2k to R1k \[10,11\]](https://preview.redd.it/706rlrcykp471.jpg?width=855&format=pjpg&auto=webp&s=05b120a9d84af12b1cadc38c68802ad47b23c104) + +[TSLA price when it was added to S&P 500 12\/21\/20](https://preview.redd.it/i5kkcl2v8o471.jpg?width=1920&format=pjpg&auto=webp&s=b2de67bab2cba3ecd798bce50c27e2832b42a1ec) + +. + +*(May 2020)* Tech stocks are expected to claim a greater presence in large-cap growth and value indexes, while industrials will shift to value from growth across market caps. \[...\] + +**For investors, the run-up to the rebalancing presents an opportunity to get ahead of some of the fund flows into and out of stocks that are joining or leaving the indexes.** + +[Buying and selling pressure of companies added\/ leaving the Index](https://preview.redd.it/lvyz7qob2t471.jpg?width=633&format=pjpg&auto=webp&s=a873a825572c753196ba14447a18b9c5fe03deee) + +Private-equity firm KKR (ticker: KKR), for example, has cited Russell index inclusion in 2020 as a strategic priority. **If added to the Russell 1000, KKR shares could see $644 million worth of buying pressure from exchange-traded funds and passive investors, equal to almost seven trading days of average volume for the stock**, estimates Jefferies equity strategist Steven DeSanctis. + +That is a lot of extra demand, but nowhere near what some thinly traded small-caps entering the Russell 2000 could see. DeSanctis points to ATCX, SWKH, and AUBN as among the shares that could have **hundreds of times greater buying pressure than their average daily volumes.** + +Traders and hedge funds approach the rebalancing several months before with multiple strategies. The simplest is to buy the stocks that could get a boost from buying by ETFs and other passive investors, thanks to being reclassified into a more-popular index or having their relative weight increase. **Ditto for shorting shares moving in the opposite direction**. [\[12\]](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778) + +. + +*Nobody fully knows what will happen with GME. But as* u/dlauer *states* [here](https://www.reddit.com/r/Superstonk/comments/nvnslz/have_we_downplayed_the_importance_of_gme_entering/h15susc/?context=3)*, "the announcement is usually bullish because it adds buying pressure."* + +[u\/dlauer on Russell Rebalance Day](https://preview.redd.it/l7hu03ruin471.jpg?width=712&format=pjpg&auto=webp&s=3f3957884f89ee1679388ad9bfbb05d82792e08a) + +The annual reconstitution is one of the most significant drivers of short-term shifts in supply and demand for US equities, often leading to sizable price movements and volatility in individual company names or industry sectors. **The final day of the reconstitution is typically one of the highest trading-volume days of the year in US equity markets.** + +\[...\] Similarly, it can create opportunities for investors seeking to benefit from the price moves which may be created from the reconstitution. + +**Countless ETFs, mutual funds, and managed asset programs mirror the composition of the Russell US Indexes in their investment funds, structured products, and index-based derivatives. With close to 70% of actively-managed institutional US equity assets currently benchmarked to a Russell Index, changes to index composition are apt to reverberate widely across the market.** [\[13\]](https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html) + +Index funds make up a substantial percentage of the daily trading in the stock market. The S&P 500 ETF \[...\] trade billions of dollars each day, **and every time any of the indices add or delete a stock, the funds must also buy or sell the stock. This can create some large moves for the stocks involved and can be an interesting source of volatility for traders.** + +At the close on June 25, 2021, the Russell indices will be rebalanced. \[...\] Thousands of stocks are impacted by what Russell calls its 'reconstitution.' **Typically the day on which the reconstitution is down is one of the highest volume days of the year as a slew of huge blocks are transferred to various index funds.** [\[14\]](https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149) + +. + +[Here](https://www.etfchannel.com/type/most-shorted-etfs/) *you can see the most heavily shorted ETFs. 0.44% of IWM is GME; it's #6 with 43.48% Short Interest.* [*\[15\]*](https://www.etfchannel.com/type/most-shorted-etfs/)  + +*As far as I understand, FTSE Russell shared on May 7th already that GME would move into the Russell 1000, but eversince then, we have seen posts of shorties heavily shorting some ETFs, yesterday and today.* + +. + +*Shoutout to* u/gooseears: + +I think people are confusing what can force someone to cover their shorts. No one can directly make anyone cover their shorts directly. As long as they have their margin requirements covered, they can keep those positions open. In fact, the lenders want those positions open as long as possible to make dat interest off it. + +BUT, when the ETFs rebalance and there is a load of volatility, this **COULD** cause GME to skyrocket in price due to the potential buying pressure, which **COULD** lead to margin calls which **COULD** lead to force liquidations to cover open short positions. + +Notice the word "could" each time. This is a series of possible events that could lead to the squeeze. But don't think this is a certain date. As always, no dates. Anything could happen on that day. [\[16\]](https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer_knows_twothree_things_more_listen_to_what/h1cldzw/?context=3) + +&#x200B; + +***TL;DR:*** + +***GME is very likely to move from the Russell 2000 to the Russell 1000 Index. Rebalancing is happening right now,*** ***the newly reconstituted indexes take effect after the market close on June 25, data will be published on Monday, June 28 when the Russell Reconstitution takes effect and the newly reconstituted indexes begin to operate.*** + +***One can not say what will happen with the GME price. Typically, index rebalancing day one of the highest volume days of the year.*** **W*****hat we do know is that someone big is going to have to buy shares, and they will likely have some impact on the trading.*** + +***~~Fun fact: As you have read in the title, T+21 and T+35 both land on the same day, two days before the Russell indices rebalance.~~*** + +. + +. + +. + +[\[1\] https://www.investopedia.com/terms/r/russell\_1000index.asp](https://www.investopedia.com/terms/r/russell_1000index.asp) + +[\[2\] https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf) + +[\[3\] https://content.ftserussell.com/sites/default/files/ru2000\_membershiplist\_20200629.pdf](https://content.ftserussell.com/sites/default/files/ru2000_membershiplist_20200629.pdf) + +[\[4\] https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html](https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html) + +[\[5\] https://content.ftserussell.com/sites/default/files/russell\_microcap\_deletions\_-\_2021.pdf](https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf) + +[\[6\] https://www.investopedia.com/terms/r/russell-microcap-index.asp](https://www.investopedia.com/terms/r/russell-microcap-index.asp) + +[\[7\] https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution) + +[\[8\] https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp](https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp) + +[\[9\] https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000](https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000) + +[\[10\] ‘Gen Z’ comes to Russell 1000 Index as Russell Rebalance nears (2019)](https://www.ftserussell.com/blogs/gen-z-comes-russell-1000-index-russell-rebalance-nears) + +[\[11\] Stocks in the Russell 1000 Index](https://stockmarketmba.com/stocksintherussell1000.php) + +[\[12\] ](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778)[https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778) + +[\[13\] https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html](https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html) + +[\[14\] https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149](https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149) + +[\[15\] https://www.etfchannel.com/type/most-shorted-etfs/](https://www.etfchannel.com/type/most-shorted-etfs/) + +[\[16\] https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer\_knows\_twothree\_things\_more\_listen\_to\_what/h1cldzw/?context=3](https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer_knows_twothree_things_more_listen_to_what/h1cldzw/?context=3) + +. + +. + +. + +*HERE ARE SOME GREAT FOLLOW UP LINKS:* + +[No matter what the price is, Gamestop should be upgraded to the Russell 1000 index on June 28th](https://www.reddit.com/r/Superstonk/comments/nwvyfg/no_matter_what_the_price_is_gamestop_should_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[FTSE Russell begins 33rd annual Russell US Indexes Reconstitution](https://www.ftserussell.com/press/ftse-russell-begins-33rd-annual-russell-us-indexes-reconstitution) + +[Russell 1000: Many poorly researched or purely speculative DD today about this. Here is the actual DATA and explanation of what impact the reconstitution is likely to have.](https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/) + +[S&P 500 index inclusion (follow-up to my Russell 1000 DD yesterday): A potential CATALYST that is surprisingly \*very\* close...and which SHFs are powerless to prevent!](https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Ape Andy shares about GME into Russel 1000 from Russell 2000](https://www.youtube.com/watch?v=SCxZpkfW-P8) + +\- *He explains that end of June when there is a rebalancing that all shorted Russel 200 ETFs containing GME need to be closed, meaning there will be buying pressure. Andy also mentions that the Russel 2000 ETFs are shorted 500%.* + +*.* + +. + +. + +*and... just putting this here:* [*https://www.gmefloor.com/*](https://www.gmefloor.com/) + +. + +. + +. + +*^(I am not a financial advisor. I am just compiling some information I found on the internet. But please let me give you one advice: Buckle the f\*ck up.)* + +*^(I love you.)* +Hi + +I have never felt like this before. Basically, I went to buy a car today which costs around £30K and took my family. + +As a man in my late 20s, I have always been used to driving cars that are worth £5-6K and my last car was an old polo. + +The thing is, I have never made such a big purchase before and for some reason I felt a bit off during the whole process at the dealership. My sister even noticed I was a bit off and I explained to her that whilst I liked the car - it was too expensive. + +I feel guilty, anxious and sad. Like as if I dont deserve a luxury type SUV and fear people will judge me. + +Is it normal to feel anxious during the whole car search and buying process? Is it usually stressful? + +Also, I never officially handed any money - apparently during the finance process they had to get a third party to check my payslips etc and the dealer will call me on Tuesday. I never formally signed anything and now I am thinking of paying it all off in cash. Will it go on my credit file that I took a loan, who owns the car now? Can I walk away now if I wanted to? + +Sorry I am a very anxious person and generally overthink a lot + +Thanks +# [https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) + +After seeing u/JustBeingPunny's post [HERE](https://www.reddit.com/r/Superstonk/comments/wfff5l/why_the_dtcc_processed_it_as_a_stock_split_how/) ("*Why the DTCC processed it as a 'stock split', how they helped short sellers and how they created new dividend distribution rules 2 WEEKS before the GME stock dividend*"), I wondered what else the DTCC might have just updated/released before the splividend. + +So I [Google searched the DTCC.com domain](https://www.google.com/search?q=site%3Adtcc.com%2F%7E%2Fmedia%2FFiles%2FDownloads%2Flegal%2F&biw=1728&bih=959&source=lnt&tbs=cdr%3A1%2Ccd_min%3A3%2F3%2F2022%2Ccd_max%3A8%2F3%2F2022&tbm=)\- Only 3 results came back in the last 5 months, one of them being the service guide JBP found in his post: + +The other two: + +* **This "NSCC RULES & PROCEDURES" guide:** + * [**https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf**](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) +* *The "2022 NSCC Fee Schedule":* + * [*https://www.dtcc.com/\~/media/Files/Downloads/legal/fee-guides/nsccfeeguide.pdf*](https://www.dtcc.com/~/media/Files/Downloads/legal/fee-guides/nsccfeeguide.pdf) + * *Probably not a huge document, but including in case anyone is interested as well* + +If this latest **"NSCC RULES & PROCEDURES"** guide is news to the sub, then there are 437 pages of new & updated NSCC rules & procedures released just a couple weeks before the splividend was to be distributed. + +**For the last 15-20 mins, I've been searching the entire PDF for content that's relevant to everything that GameStop just did w/ the splividend, and it looks like there's A LOT in there we want the hive mind to start crawling through.** + +You can bury a whole lotta shit inside 437 pages...amirite Mike Bodson? + +For now, this is all- if anyone finds anything massive I'm more than happy to add to the post body if you'd like. + +&#x200B; + +Happy hunting! :) + +\-E2 + +&#x200B; + +***EDIT: FYI- I searched the sub for this and didn't see it anywhere, so if it's already been posted/discussed, please carry on*** +I have often struggled while understanding compounding. Particularly how it works for mutual funds. + +Let's say I invested x amount in a growth fund and received y units for it. The thing is, the number of funds that I own isn't increasing unless I invest more. + +So, how is compounding working here? + +Even when I invest more, I still don't get any additional units apart from the amount that I invested. + +I know that I might be getting the entire logic wrong. Could someone help me with it? Thanks in advance. +I have often struggled while understanding compounding. Particularly how it works for mutual funds. + +Let's say I invested x amount in a growth fund and received y units for it. The thing is, the number of funds that I own isn't increasing unless I invest more. + +So, how is compounding working here? + +Even when I invest more, I still don't get any additional units apart from the amount that I invested. + +I know that I might be getting the entire logic wrong. Could someone help me with it? Thanks in advance. +So my friend recently told me she going into a new career path. Okay cool, what is it? Forex trading she told me. So anyway, she said this + +“If you compounded your account, starting from a balance of £200 and gaining 10% each week, by the end of the year you’d have £25,000 lol. Nah we don’t pay them directly. But the platform itself there is a joining fee obv and a monthly fee to be there. Also with anything, with education it’s really about investing in it but the skillset will more help you in the long run. Be wary of things that are free on the internet about trading, there’s a reason why they’re free. The market is designed to take peoples’ money and if the majority are using google/YouTube and finding that they’re constantly losing. Isn’t there a reason why?” + +So a few things, she pays them £150 a month, but now she pays nothing because she got 2 other people to join so it’s free for her. + +Another thing, on the last two lines she wrote, it was sketchy, it felt like they fed that to her to get her to join. I mean, if you’re selling someone something, wouldn’t you say that too? “Don’t get your information on the internet, come buy my service and I’ll teach you” etc. Right? + +So my questions are, + +- is she being scammed? +- can you earn a decent living with forex trading with 2/3 months of learning? +- is forex trading courses online actually help? Or can you just watch YouTube, read and study would be more useful? +- lastly, why would someone who knows how to make a lot of money from forex trading be helping others? Essentially creating another job by making these courses when they can just do forex by themselves and earn a shit tonne? + +I want to help my friend if she is being scammed +Posting for visibility and because I think it reflects more dramatically when all of this information is in one place. + +Googling "top US banks" this is the list I get in order. +Wells Fargo + +Bank Of America + +JPMorgan & Chase + +Citigroup + +Goldman Sachs + +U.S Bancorp + +Morgan Stanley + +Etc, etc. + +Over the past few days, 6 out of these top 7 have been busy. + + + +#Wells fargo +https://www.reddit.com/r/Superstonk/comments/mt00ka/wells_fargo_selling_off_an_investment_holding/?utm_medium=android_app&utm_source=share + + + +#Bank of america +"BOA to set record for 15 billion in bonds" +https://www.bloomberg.com/news/articles/2021-04-16/bofa-to-set-record-for-largest-bank-bond-sale-at-15-billion + + + +#JPMorgan and Chase +"JPM commits 6 billion to new European football super league" +https://www.reddit.com/r/Superstonk/comments/mteun2/jp_morgan_has_just_dumped_6_billion_dollars_into/?utm_medium=android_app&utm_source=share +"JPMorgan to sell 13 billion in bonds" +https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever + + + +#Citigroup +"Citigroup pulling out of 13 markets(Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand, and Vietnam) +https://www.reddit.com/r/Superstonk/comments/mrxp75/citibank_announces_sale_of_australia_bahrain/?utm_medium=android_app&utm_source=share + + + +#Goldman Sachs +"Goldman following competitors lead in issuing bonds, preliminary filing" +https://www.streetinsider.com/dr/news.php?id=18266922 + + + +#Morgan Stanley +"Morgan Stanley to issue 6 billion in bonds" +https://www.reddit.com/r/Superstonk/comments/mu2df3/morgan_stanley_joining_the_bond_selling_team_not/?utm_medium=android_app&utm_source=share + +"Morgan Stanley reports $911 million loss from Archegos" +https://www.google.com/amp/s/amp.ft.com/content/b589c3f5-9175-4572-bb7e-02ad17e414c1 + + + + +Excluding US Bancorp, The list from top to bottom is pretty filled out. It's evident to me that key players are making very important moves to be ready for something that's coming. + +Edit:"WallStreets Mega Banks CEOs to be hauled before Congress in May; Nobody will say why" +https://www.reddit.com/r/Superstonk/comments/mu7bma/things_that_make_you_say/?utm_medium=android_app&utm_source=share + + +Edit: "The DTCC and JPMorgan, they're getting ready for defaults" +https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/?utm_medium=android_app&utm_source=share + + +If I've missed anything, feel free to comment and I'll try to update the list with new information + +As always: ^^^Not ^^Investment ^Advice. +On June 9th you will have the largest participation in a meeting you have ever had, and most likely the largest on record. (Guinness world record?) + +I suspect millions will be attempting to tune into this call, this is a friendly reminder to have the infrastructure in place to be able to handle the load. + +Love you all, love the stock, we will hold down the fort in the meantime. + +Keep on doing what you're doing, we are excited to see the transformation! +Just got a text from friend that works for Caterpillar in Peoria. Told me there are a ton of LEO's and State police executing a search warrant. + +Anyone else know what's up? I see the stock has already taken a huge punch. +Not only did I max my two tax advantaged savings accounts, but I also bolstered my emergency fund as well. I could get fired tomorrow and be fine for about a year. + +I know its not as aggressive of savings as a lot of you, but for me it was a huge step. I'm not really sure what my goal is for this year, but I think its going to be maxing out both, and adding 10k in vanguard funds (probably VYM). + +Oh and one of the great things I did was get my company to take a hard look at our 401k, and realize we were paying too much in fees, and got them to change. We changed to something that offered Vanguard funds, something our previous plan did not. + +What were some of yall's financial resolutions last year? Did you complete them or fall short? Anything planned for this year? +Hi! I’ve recently been looking at places in the inner city (Sydney), and most decent places are at least a million. That’s definitely out of my budget, but that got me thinking. + +There’s a lot of people who talk about wanting the housing market to collapse so that younger people would have a chance to get a home of their own, so if it does collapse, what’s the kind of price range that homes in the inner city (Syd) would fall to? Like would a million dollar home drop to $800k? $500k? Or maybe even 1/10th at $100k? + +Is this something that people have estimates and theories for or is it impossible to predict? +This project is about 16-17 days old and it never stops giving. I have been a holder since $0.60, and if I'm being honest, I jumped in because at first I thought it was a nice "meme" coin. But as I started to do some more research into the project I realised that the dev team had a structured plan for the project. + +I'll give you a quick rundown of the cool features they are currently developing (some of which have already been released and are fully functional) and then I will give you my personal opinion on BOG: + +The products that are being developed by the [BogTools](https://bogtools.io) team all aim to take advantage of gaps existing in the BSC network: + +* **BogRNG**: Random Number Generation. This project was released 2 days ago by the dev team and its goal is to attract developers looking to create casinos, lotteries, games and other dApps that need verifiable randomness to function in a trustless and decentralised fashion! +* **Limit order trading**: retail investors will be able to place limit orders on DEXes like PancakeSwap for a small fee paid in the native token BOG, supporting the project and the coin's growth! +* **BogCharts**: Free-to-use charts for any coin on the BSC network. These charts will be free for retail investors and live as the price data is fed by the BOG price oracles. +* **NFT Marketplace**: The first NFT created by the dev team, Sminem, has been distributed, with 500 lucky holders having the next couple of weeks to fully customise their NFT and list it in the NFT marketplace which will be launched soon. More NFT's are to come in the near future. + +There's tons of more features and a bunch of them are announced every day by the devs. + +So, my opinion on this project and where it can go. I honestly consider myself lucky to actually put my money in BOG as if you've ever been looking for BSC moonshots to put your money on, you will have realised that a great deal of them are either scams, or do not have any sort of working product to offer. + +BOG not only has a useable product, it also has a dev team that is in touch with their community 24/7 (one co-founder being in the UK and the other in Australia), maintaining a friendly and positive spirit between themselves and the community and being fully transparent about what is being developed and why the people's money is safe in BOG (initial liquidity locked for 6 months, no presale, no airdrop, fair launch with devs putting their own money on the line). Also, the Australian co-founder is fully doxxed, his name is Luke Martinez and you can find him on various social platforms, or on BogTools' telegram, he's very active and you can chat with him and ask him questions about the project at anytime. + +At the time of writing this, this project is still under $12M market cap at a price of \~$5. You can buy the coin on PancakeSwap by trading your BNB for it, you can find a useful guide on how to buy BOG [here](https://imgur.com/a/xKRwCIN). Every transaction has a 4.5% fee which goes back to the people staking BOG, you can find out more about staking on the [ARG website](https://bogged.finance) and you can find a guide [here](https://imgur.com/a/kfo99uC). + +In my opinion, the technology it offers is comparable to what ChainLink is offer, only better, faster, much cheaper being on BSC and much easier to use. I think that this is still very early in the project's life, I would suggest you get in sooner rather than later. +Guten Tag to this global band of Apes! 👋🦍 + +Fifty Percent. + +Apes have now DRSed fifty percent of the free float of GME. +While there is still a huge number of shares yet to be locked away at ComputerShare, this is a huge moment in this movement. +It was around one year ago that the DRS movement really began in earnest, and in that year we have reached this point. +If there was any doubt about the power of the Apes, I hope that this erases it from your mind. + +As incredible as this is, even more so is the relatively low percentage of shares that I believe end up getting DRSed. +We've seen efforts along the way to allow Apes who have purchased through retirement funds to DRS, but as yet this is not possible for many. +No matter how easy the process is, there are many who have not yet called their broker to initiate the process. +There are some who have succumbed to the anti-DRS FUD, and have chosen not to send their shares to safety at ComputerShare. +And despite all of our efforts, there are surely many GME HODLers who still do not know what DRS is or have enough information to act. + +I remain hopeful as ever. +I am quite certain that Apes HODL well over the float, and our DRS momentum is going to continue well into the future. +As we await the next quarterly report and accompanying 'official tally' of shares at ComputerShare, please continue to support this movement. +We have seen the impact that removing our shares has had, particularly in the past few months. +Borrow rates are incredibly high. +The price, while clearly manipulated, continues to exert pressure on the SHFs. +As each share reaches safety, the tools at their disposal become less effective. +Diamantenhände will overcome. + +Today is Wednesday, July 27th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$32.90 / 32,50 €** *(volume: 1854)* +- ⬜ 115 minutes in: $32.65 / 32,25 € *(volume: 1844)* +- ⬜ 110 minutes in: $32.65 / 32,25 € *(volume: 1625)* +- ⬜ 105 minutes in: $32.65 / 32,25 € *(volume: 1625)* +- ⬜ 100 minutes in: $32.65 / 32,25 € *(volume: 1593)* +- ⬜ 95 minutes in: $32.65 / 32,25 € *(volume: 1588)* +- ⬜ 90 minutes in: $32.65 / 32,25 € *(volume: 1464)* +- 🟩 85 minutes in: $32.65 / 32,25 € *(volume: 1334)* +- 🟥 80 minutes in: $32.65 / 32,25 € *(volume: 1224)* +- 🟥 75 minutes in: $32.65 / 32,25 € *(volume: 1174)* +- 🟥 70 minutes in: $32.65 / 32,25 € *(volume: 1160)* +- 🟥 65 minutes in: $32.69 / 32,28 € *(volume: 1148)* +- 🟥 60 minutes in: $32.90 / 32,50 € *(volume: 1121)* +- 🟩 55 minutes in: $32.90 / 32,50 € *(volume: 1086)* +- 🟥 50 minutes in: $32.90 / 32,50 € *(volume: 1079)* +- 🟥 45 minutes in: $32.92 / 32,51 € *(volume: 1068)* +- 🟥 40 minutes in: $32.97 / 32,57 € *(volume: 768)* +- 🟥 35 minutes in: $33.06 / 32,66 € *(volume: 678)* +- 🟩 30 minutes in: $33.07 / 32,66 € *(volume: 677)* +- 🟩 25 minutes in: $33.07 / 32,66 € *(volume: 535)* +- 🟩 20 minutes in: $33.06 / 32,66 € *(volume: 535)* +- 🟩 15 minutes in: $33.05 / 32,64 € *(volume: 495)* +- ⬜ 10 minutes in: $33.02 / 32,62 € *(volume: 434)* +- 🟩 5 minutes in: $33.02 / 32,62 € *(volume: 420)* +- 🟩 0 minutes in: $33.01 / 32,61 € *(volume: 404)* +- 🟥 US close price: $32.43 / 32,03 € *($33.06 / 32,66 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0124. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I don't have much debt! Because I don't have the ability to get into massive credit card debt due to not qualifying for large credit lines. It's a very thin silver lining but hey I'll take it. +Just think of what kind of agenda is pushed towards people who haven't invested before. + +Statistics like "80% of traders lose their money". + +Or the media talking about how much money was lost and hardly ever about how much was made. + +You could even say that they were put off when they saw the massive losses made by those on certain subreddits. + +It's not that they don't get it, they're just conditioned to think that they will lose everything and when you're poor, that's a lot of risk to take when every penny matters. + +They never wanted more people to invest. Most people that do lose money are those looking for quick cash that take on huge amounts of risk and cut their losses - then most of the time if they just waited and were patient, they would have turned a profit. + +This is what happens when people don't quite see the bigger picture or don't do their DD. + +Now imagine this on a larger scale and that's why people don't invest. + +They need to see results, but by the time they see results, they missed out on the best opportunity that they had to buy some shares and hold. + +"I'm not investing, the price has been going down for a while. I'll lose everything." + +Fear is used to control and to keep us from taking great opportunities. It's really not that complicated to invest into a company, yet it's presented to be overwhelming with complicated terminology and the charts look incredibly complex. But it's really not, it's actually very simple and straightforward if you take maybe 15 mins a day to watch a video explaining a concept to you. + +Just know that those who say you're crazy when you tell them about GameStop, there's a lot more to how they came to that conclusion other than being bombarded by the media calling us a cult and dumb money. +In 2023, is Dave Ramsey still relevant? I find some of his advice outdated. It does not make mathematical sense in my mind to ignore interest rates when paying off your debts. + +Is Dave Ramsey for more “emotional” people who need to physically see the debt going down faster? In my mind the logical thing to do is pay off the debt with the highest interest rate first. Think about it… if you have a private student loan that’s 100,000+ with a 9% interest rate, you end up paying so much more in interest if you don’t pay it off fast. + +I also don’t think it’s smart to pay for cars with cash. Or wait until you’re 100% debt free to have investment accounts…. +The front page is loaded with the Jon Stewart episode. I watched it. It was good. But I just finished the first part of the two part series on HBO that was released today and HOLY.SHIT. IT IS AMAZING. This was made very similarly to how The Big Short was done. Very entertaining. Educational. And it's about the Gamestop events from last January. I haven't even watched the second episode but my tits are 100% jacked from it. It's lit a fire in me that hasn't been here since maybe June. The documentary was done in a way that people who have no idea what's been going on, can get a crash course into the Gamestop bull thesis. GO WATCH IT!!!! +I will have $8000 owed on a $16000 car and $12000 in savings. My payments will be ~$250 for 36 months. My net income is $1800 a month with a budget of <$650 not including my car payment. I’m not worried about interest but I have never carried debt and I hate the thought of having a 3 year loan hanging over my head. Should I: + +A. Pay off the car and have ~$4000 in savings + +B. Make double or triple payments and keep my savings at their current level for at least a year + +C. Make the $250 payments and keep saving about $8-900 per month + +Edit: I am 30 and do not pay rent. Credit score 801 + Here we are again. Another year, another 100k, and in the middle of a pandemic to boot -\_-. I’ve kept my previous post mainly intact but have made changes in ***bolded italics. All mentions of currency are in CAD.*** + +***Side note: I’m definitely at the point where market volatility is very noticeable on my portfolio. Stay the course peeps!*** + +**About me** + +Hi! I’m a ***28F*** 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 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 ***7*** 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 one year on one year off long term slow travel, 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: + + + +**Annual Spend (individual)** + +&#x200B; + +| **Annual Spend (individual)** | **$20,000.00** || **$25,000.00** || **$30,000.00** || +|:-|:-|:-|:-|:-|:-|:-| +| FI @ 4% | $500,000.00 |29| $625,000.00 |30| $750,000.00 |33| +| FI @ 3.5% | $571,428.57 |30| $714,285.71 |31| $857,142.86 |34| +| FI @ 3.25% | $615,384.62 |30|$769,230.77|32| $923,076.92 |35| +| FI @ 3% | $666,666.67 |31| $833,333.33 |32| $1,000,000.00 |35| + +\^the above does not account for market corrections/recessions. If one happens tomorrow obviously those ages will change. ***(BAHAHAHAHA COVID)*** + +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 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. + +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.*** 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 my current job, where I made 95k the first year and now 100k with very generous 20-30% bonuses. 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 $***33,000*** last year from this. + +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 + +&#x200B; + +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 + +&#x200B; + +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*** + +***Sep//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. More on that in the next update if it works out \^\_\^*** + +**Monthly expenses** + +***Here are the 2019 expenses and 2020 so far. Expenses have definitely increased slightly since we are now homeowners which comes with all kinds of costs.*** + +For a millennial living in a huge high COL city, I don’t spend a lot of money. This has enabled me to save a ton of money even on my previously medium salaries. + +***2019 expenses*** + + + +||Spending YTD | Monthly Average| +|:-|:-|:-| +| Rent/Mortgage | $17,173.83 | $1,431.15 | +| Hydro + gas | $1,061.36 | $88.45 | +| Internet | $499.51 | $41.63 | +| Water | $439.32 | $36.61 | +| Insurance | $946.08 | $78.84 | +| Transportation | $1,462.30 | $121.86 | +| Groceries | $1,384.79 | $115.40 | +| Eating out | $2,519.16 | $209.93 | +| Misc | $3,370.02 | $280.84 | +| Tenant | \-$8,500.00 | \-$708.33 | +|| **$20,356.36** | **$1,696.36** | +| House one time costs | $10,864.49 || +| travel | $9,061.39 || +| Clothes | $987.77 || +|| **$41,270.01** || + +&#x200B; + +***2019 was a mix of renting and owning, so the housing related costs are a bit lopsided on a monthly basis. I took the subway to work, phone was paid for by my employer, and health/dental over and above work insurance goes into Misc (Netflix is in there too).*** + +***2020 expenses to date (4 months)*** + + + +||Spending YTD | Monthly Average| +|:-|:-|:-| +| Mortgage | $5,666.40 | $1,416.60 | +| Property Taxes | $905.25 | $226.31 | +| Hydro | $229.54 | $57.38 | +| Gas | $266.16 | $66.54 | +| Internet | $196.77 | $49.19 | +| Water | $164.97 | $41.24 | +| Insurance | $0.00 | $0.00 | +| Transportation | $315.60 | $78.90 | +| Groceries | $637.64 | $159.41 | +| Eating out | $803.40 | $200.85 | +| Misc | $762.32 | $190.58 | +| Tenant | \-$3,400.00 | \-$850.00 | +|| **$6,548.03** | **$1,637.01** | +| House one time costs (renos)| $10,243.81 || +| travel | $466.78 || +|| **$17,258.61** || + +***Variable mortgages are great during times like this, April was our first reduced month. Renovations are about halfway done; hopefully we’ll finish in a few months. We pay insurance in a lump sum payment, my work pays for my phone, and any medication/dental not covered by work health insurance is in misc. I’ve worked from home for majority of March and all of April so transportation costs are not normal. Unfortunately it looks like vacation is out of the question this year so we’ll save a few thousand there in the overall figures.*** + +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 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.*** + +**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 at the moment, because 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: 0.6% (preference is 0%), everything is in the market J*** + +***Bonds: 1.9% (preference is 5%), sold it all in March to buy more ETFs.*** + +***REITs: 2.3% (preference is 2.5%), VRE mostly. Also meh about this allocation.*** **~~This will go the way of the bonds when I need to rebalance if the market makes moves. Since I own a home now this is not required.<~~** ***that’s what I said last year, thinking REITs are inversely related to general market performance. Not for this recession….*** + +***Canadian dividend stocks: 4.1% (preference is 2%, my investing strategy used to be dividend based so this is a remaining position from then), CDZ.*** + +***Canadian Market: 1.7% (preference is 2.5%),VCN*** + +***US Market – hedged to CAD: 24.6% (preference is 25.5%),VUS/VSP*** + +***US Market – unhedged: 26.9% (preference is 25.5%), VUN/VTI(n USD)*** + +***International (both developed and developing) – unhedged: 37.9% (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.*** + +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 $500k. +Basically, if you could have one lesson you've learned the hard/long way at the beginning of your real estate career, what would you want your newbie self to know? Or if you are a new investor, what do you WISH you could magically know? + + +Working in real estate and investing myself, I see and continue to learn new things all the time. While legal clients can benefit from the mistakes of others, it is my job to anticipate their problems and try to prevent them. Many of them are grateful for asset protection strategies, so that they don't have to learn about the power of lawsuits the truly hard way. As for our own people, we have new investors and seasoned pros on our team. The power of the network goes in both directions, for sure. + + +Here's an example answer from one of my non-lawyer colleagues: "One of the lessons I wished I'd known going in was to do major homework on my contractors. I had one burn off mid-project and declare bankruptcy. If I'd known more about due diligence, that wouldn't have happened." +My husband (31) has been self-employed for 10 years and has never paid himself Super. + +He’s a touring musician so one year he’ll make $150K, the next he’ll make $30K... and since COVID hit, this year isn’t looking great. It’s hard to budget on such varying income and worldwide pandemic on top of it all. + +However, we do want to retire one day and we need a plan for the future. + +So my question is: where is the best place to put retirement savings for a late super starter for the best results? + +Should he just simply start contributing to his super? Should he just save for a house deposit (we don’t own a home yet), then add to super? Any other options? +This thread is for discussion of stocks priced $0.000x. + + +1. All top level comments should include a ticker and at least some level of DD. Lets avoid just posting a ticket and rockets. + + +2. Please search the post prior to posting your top level thread as it’ll nice to have info on the same ticker consolidated. + + +3. I will be moderating this post regularly and want to make sure there is order. This is about making money and sharing info. + + +4. Full disclaimer for the newbies. Stocks at this level are more times than not a crapshoot but if you do find one that even gets a little juice it can be really fun and profitable. However they are extremely risky! +Guten Tag to this global band of Apes! 👋🦍 + +What a moment to be a GME shareholder! +The earnings release yesterday shows us all that we need to know. +GameStop is in an incredible position going into the holiday season, with plenty of inventory, cash, and fulfillment capability to thrive. +Though I expected a post-earnings dip based on what the SHFs have done in the past, it is clear that investors like what they see. +This is a company on the rise, and no amount of FUD is going to hinder it. + +Of course, that is all a sideshow to the updated DRS numbers. +Apes continue to DRS furiously, somewhat exceeding the bot's estimates. +Each share that we get out of the DTCC is another closer to the moment when the entire float is locked. +It is the surest route to shutting down the crimes that the DTCC enables. + +Finally, the new partnership with FTX has me even more excited than ever for the digital future that GameStop is building. +Though I personally am not expecting this partnership to manifest as a transition to blockchain-based share ownership for GME, I do expect this partnership to help GameStop solidify a powerful position in digital ownership. +The details of their plans are scarce, but it is clear that GameStop is continuing to focus on their digital future while revitalizing the physical retail business. + +It is truly a great time to HODL GME. + +Today is Thursday, September 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: **$26.44 / 26,75 €** *(volume: 14814)* +- 🟩 115 minutes in: $26.44 / 26,75 € *(volume: 14714)* +- ⬜ 110 minutes in: $26.34 / 26,65 € *(volume: 14038)* +- 🟥 105 minutes in: $26.34 / 26,65 € *(volume: 13958)* +- 🟥 100 minutes in: $26.54 / 26,85 € *(volume: 13260)* +- 🟥 95 minutes in: $26.54 / 26,85 € *(volume: 13171)* +- 🟩 90 minutes in: $26.84 / 27,15 € *(volume: 11978)* +- 🟥 85 minutes in: $26.78 / 27,09 € *(volume: 11459)* +- ⬜ 80 minutes in: $26.84 / 27,15 € *(volume: 10382)* +- 🟥 75 minutes in: $26.84 / 27,15 € *(volume: 10381)* +- 🟥 70 minutes in: $26.90 / 27,22 € *(volume: 9833)* +- 🟩 65 minutes in: $27.05 / 27,36 € *(volume: 8838)* +- 🟩 60 minutes in: $27.05 / 27,36 € *(volume: 7827)* +- 🟥 55 minutes in: $27.05 / 27,36 € *(volume: 7499)* +- 🟥 50 minutes in: $27.05 / 27,37 € *(volume: 7355)* +- 🟩 45 minutes in: $27.10 / 27,42 € *(volume: 7105)* +- 🟥 40 minutes in: $27.05 / 27,37 € *(volume: 6729)* +- 🟩 35 minutes in: $27.06 / 27,38 € *(volume: 6721)* +- 🟥 30 minutes in: $26.94 / 27,25 € *(volume: 6613)* +- 🟥 25 minutes in: $26.94 / 27,26 € *(volume: 6163)* +- 🟩 20 minutes in: $27.02 / 27,34 € *(volume: 5622)* +- 🟥 15 minutes in: $26.92 / 27,23 € *(volume: 4062)* +- 🟩 10 minutes in: $27.06 / 27,38 € *(volume: 3819)* +- 🟩 5 minutes in: $26.81 / 27,12 € *(volume: 2923)* +- 🟩 0 minutes in: $26.71 / 27,02 € *(volume: 1402)* +- 🟥 US close price: $24.04 / 24,32 € *($26.84 / 27,15 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9885. 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! +&#x200B; + +[whale teeth 4 moass](https://preview.redd.it/a0lb326s3lh71.png?width=1427&format=png&auto=webp&s=5694d10e1a86426f3f5fcea66d1fb1d0bbf3db4b) + +alright listen up you chodes, we got a lot of updates to cover and this bong isn't gonna smoke itself so let's get moving. \*bubble noises\* + +# Karma Requirements + +\*exhales\* we heard you 😊 and we're lowering the limits to 4800 for posts and 1200 for comments. for all of you who can now post/comment again, remember that: + +>with great power comes great responsibility +*--Uncle Ben Franklin, inventor of magnets* + +[from u\/\_Badtothebone\_](https://reddit.com/link/p51kty/video/anql0il44lh71/player) + +# AMA Announcement | Robert Shapiro & Lucy Komisar | 18th August @ 4:30pm EST + +The AMA will be hosted by Lucy and our very own [u/Jsmar18](https://www.reddit.com/u/Jsmar18/). + +[Detailed info about the event](https://www.reddit.com/r/Superstonk/comments/p2ttdo/ama_announcement_robert_shapiro_lucy_komisar_18th/) + +We will send the video link out before Wednesday. We wanted to give you guys a heads up. It'll be on a [new Superstonk YouTube channel](https://www.youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA). We created this new channel because we want our current productions to reflect the current moderating team. The most efficient way was to set up a new channel, which is still non-monetized and is built on the idea that no single Ape owns it. As for the past AMAs, we have decided to archive them on the previous channel. We hope to see you at the AMA! Prepare for wrinkles! + +# Helpful Tools from [u/Jsmar18](https://www.reddit.com/u/Jsmar18/) + +My bro has put together some banging resources for Apes everywhere and of all wrinkle levels. Check these out cause it may contain some useful info you may have missed! + +[Tools of the Trade](https://www.reddit.com/r/Superstonk/comments/p1q4kv/tools_of_the_trade_pinception/) + +"Welcome to tools of the trade, where you can find all the handy links you need to do your research, find previous DD and more. This will be a living post and updated regularly with your recommendations and feedback" + +[A Non-Exhaustive New User Intro to GME](https://www.reddit.com/r/Superstonk/comments/p4aa7o/a_nonexhaustive_new_user_intro_to_gme_pinception/) + +"The purpose of this post is to walk you through a brief timeline and provide some noteworthy research posts, which we call Due Diligence (DD). From here you can continue reading from a well-cataloged list of DD that goes far deeper once you have a top-level understanding of why 550k+ people are subscribed to [r/Superstonk](https://www.reddit.com/r/Superstonk/) and many other GME subs currently." + +# Community Awards Contest - from [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) + +https://preview.redd.it/d471weiw3lh71.png?width=1200&format=png&auto=webp&s=e632726457d11b29e977ee9da3a4386a83b577e1 + +Apes! We've made it, it's about time! + +The Superstonk Community Awards contest is finally happening! Though this time it's a bit different. We thought it would be a good idea to try out a new contest platform for this one since the last platform had a bunch of issues. With that out of the way, lets jump in! + +[SUPERSTONK COMMUNITY AWARDS CONTEST 🚀](https://woobox.com/qxkoed) + +***A few important notes:*** + +*-The contest will run from TODAY! (August 15th) and goes for a whole week, closing on July 53rd (August 22nd).* + +*-Vote for each award that you like. There's no limit!* + +\-*If there are ties to break within the top 8, we may resort to a "sudden-death" round, done in a bracket-style vote.* + +*-There are two pages of entries (but the arrow at the bottom is hard AF to see) and,* + +*-Please leave feedback on this new system in the comments below as it is likely we will use this platform again in the future.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Prizes:** + +The top eight designs will be made into the following awards: + +5th-8th: Community Award (cost: 500 Coins, 100 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) + +4th: Community Award (cost: 1000 Coins, 200 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) + +3rd: Community Award (cost: 2000 Coins, 400 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) + +2nd: Mod-Exclusive Award for 1-month Premium (mod cost: 1800 Coins) + +1st: Mod-Exclusive Award for 3-month Premium (mod cost: 5400 Coins) + +Additionally, 1st and 2nd place will receive FOUR of the new 3-month Premium mod-exclusive awards on their top posts and/or comments, 3rd and 4th place will receive ONE of the new 3-month Premium mod-exclusive award, and 5th, 6th, 7th, and 8th place will each receive ONE of the new 1-month Premium mod-exclusive award. This will effectively win you Coins and Premium membership, as well as serious clout from designing an official sub-award. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Thank you to everyone who worked on these designs, its clear that there was a lot of love and care put into these works. I hope that, despite the wait, everyone has as much fun going through these as I had while putting it together + +Cheers, + +B\_T + +# Closing Thoughts + +Every day is a new chance to moon. All we need to do is buy and hold. Hedgies R Fuk. Diamond Hands forever. If he's still in, I'm still in. Apes Together Strong 🚀🌕 + +[our job is so easy](https://reddit.com/link/p51kty/video/vw1xopkz3lh71/player) + +\--XOXO your friendly neighborhood moderators +While I am happy for those of you who are 25 with a net worth of $400k, I can't help but to feel like I am significantly behind the curve. + +My story - grew up dirt poor (i.e empty fridge poor), took longer than most to get to university, graduated with a ton of debt, and spent my 20s paying down debt and finding my way in the working world. I am now in my 30s and trying to build a little financial cushion. I won't mention my "net worth" as I don't want to associate my worth with such a low number lol. I will say though, I save 55% of my net pay now so my story will be different in 15 years. + +Again, I really am happy and proud of you young cats who are doing so well but there must be others on this thread who have dealt with some set backs in life that has put them behind. + +Update - I wanted to delete this post as soon as I posted it but I am glad that I did not. Always feel uncomfortable opening up about my past but I am glad that I did if it gives some comfort to those of you who are slightly behind the ball. Now let's keep on decreasing our expenses and saving so that we can reach financial freedom some day in the not distant future!! +For context, I’m an 18 year old First year law student wanting to understand financial markets and how they work within our country. I am a complete newbie whose only knowledge about financial markets originated from netflix shows, documentaries and a little personal research. Are the foundational courses offered by NSE any good? Are there better options out there? If so, please mention them. Thanks :) +Wanted to post this as to give hope to the folks who were not high achievers early on or had a early high paying job or founded a company. This is my story for all the "losers"..... + +I was born into a family that was middle-class. We were comfortable but not rich. I was just plain awful in school with no motivation and more focus on having friend and going out. Ended up not graduating from HS as flunk one class with a GPA of 2.4. I was such a loser that cause my mother to go to garduation cermenony for HS and cried as she watched all the other kids walk for their diploma while I could not. After HS I basically did nothing for two years...working at shitty jobs such as bartending or working at a restaurant. + +Thankfully I met my current wife at 22 and realized that at this current path I will go nowhere and be 40 and a waiter for a career. Got off my ass and applied to community college and the transfered to a state school (not even a good one BTW). Finished it and ended up finding my first job at 24 in advertising with the great salary of $28k. + +So how did I get to early 40s, NW of $4.5 and $0 debt. Came down to scrimping by and luck. My tips: + +1. Find a partner that will struggle with you. This is key as keep expense low. +2. Work in tech. I was lucky and joined a startup and it was bought by a FAANG. This did two things...gave me golden handcuffs and second wiped my resume clean with a good pedigree place. People did not care I went to a shitty college or the other jobs I worked before. Now just mentioned the company and it opens doors. + +My goal now is to hit $10m by 45. All on equity. + +Good luck to everyone and hope my story give some encouragement. + +UPDATE: Fair point from a comment which is the buy-out was pure luck so who cares. So to clarify prior to acquisition I did save about $800K. Granted the capital from the acquisition helped fuel a bunch of the NW gain. + +[Most S&P 500 stocks are deep in correction territory](https://www.reddit.com/user/Fatherthinger/comments/9ntd5o/most_sp_500_stocks_are_deep_in_correction/) + +Was It a Dead Cat Bounce on Friday? +I am saving some money monthly so that I can afford to buy a 100 shares of either qqq or spy. After which I am planning to sell a put on one of those two and when it gets assigned, sell calls 5 dte. Planning to sell otm at 0.3 delta. I am okay if calls get assigned, I will buy and repeat again. If it goes below my buy price, will wait patiently for it to come back up to sell calls again. 1. Is this a good idea? 2. Spy or qqq 3. Potential downsides? +I sold RIOT $61/$60 puts and MARA $40/$39 puts yesterday. These expire today. + + +My reasoning behind these plays was the confidence I had in BTC. + +Also did some cursory analysis on the charts and decided on the strike prices. + +Collateral of $10k for $3k credit on RIOT + +Collateral of $6.1k for $1.2k credit on MARA + +[Robinhood blog explaining Put Credit Spreads ](https://robinhood.com/support/articles/360001331403/advanced-options-strategies/) +I’ve only been using theta strategies since April 2020. IV has been high since then so I know the party will eventually end or at least get more somber once IV returns to pre-pandemic levels. + +For the longer term wheel veterans out there, what were your strategies before march 2020 and what sort of returns did you get compared to now? +The exact AUM is 5,927 million dollars + +[https://etfdb.com/etf/QYLD/#etf-ticker-profile](https://etfdb.com/etf/QYLD/#etf-ticker-profile) + +List of all the institutional holders of QYLD (sort by shares to see Morgan Stanley being the 2nd largest holder of QYLD. You will see other big bank names there as well). + +[https://fintel.io/so/us/qyld](https://fintel.io/so/us/qyld) + +So QYLD haters, keep hating ! If you somehow can convince me that you are smarter than the pros at Morgan Stanley, I might entertain reading what you have to say ! +Hello fellow dividend investors, + +I have spent a lot of time on this DD of Shell plc (ticker SHELL). Normally I keep my research to myself, but I thought why not share it! Here is a link to the DD (Google slides): [Google slides web page](https://docs.google.com/presentation/d/e/2PACX-1vSsHKLm_dUNe-gJZHN7JLVXIlnIE8UYZiMcxgNARlW9iHOGwtAqUrFXjR57QSrUzub09HwtPc2THA3b/pub?start=false&loop=false&delayms=3000). As with any DD, take it with a grain of salt and do your own research if you consider to take a position. What do you guys think? Let me know if I should post more of these on this sub. + +Greetings from a dividend loving potato :) + +Disclaimer: +I am not a financial advisor. This is just general DD that helps me make decisions. I currently have a position of around 20% (initially 15%). +Can anyone help shed some light on what I could be missing to explain why my estimated tax return is smaller than my actual tax return? Happy to be corrected if I’ve missed something that’s staring me right in the face. + +Previously I’ve plugged the figures into pay calculator to see roughly what I’m expecting in terms of tax return and it’s been pretty accurate in what I receive back from the ATO. + +Lodging my tax return this year I’ve received $1958. + +My taxable income of $69156 is the same in pay calculator and in the ATO. I paid $17589 in tax. + +I did lodge my notice of intent to claim form for my after tax super contributions. +Edit 2: Here is [an article on MarketWatch](http://www.marketwatch.com/story/trump-induced-carnage-in-treasurys-spells-trouble-for-stock-market-2016-11-14?mod=MW_story_top_stories) that says exactly what I've said here. If you take issue with my credentials because I am young, inexperienced, or whatever your problem may be, then here you go. Take it up with the 266th most visited website in the United States. + +Edit: If anyone has any feedback on this, as I said below, I implore you to share it. Please email me at christopher.g.smith@stonybrook.edu. I would love to discuss further. Please, however, do not send me emails about how I am just a kid or how I haven't taken a Series 7 exam. I don't care what your opinion of my credentials are, I care about your opinion on the subject at hand. It's pathetic that the second most upvoted comment in this thread is an ad hominem argument about my age/the fact that I didn't take a certain exam. I hate to feed into this stereotype and reference The Big Short, but among the guys that predicted the housing bubble in 2007 were a medical doctor and two kids in a garage. It doesn't take a rocket scientist if you read the articles. + +I originally wrote this as a facebook post for my friends. Please excuse the entry-level explanations, we all know how the bond market works here, but I'm at work and don't really have time to modify it right now. This was also written last Thursday, treasuries have moved even higher still since then. + +It is important to begin this breakdown with the notion that the stock market as you know it has been fraudulently inflated since 1982. The Reagan Administration, in their ever-prescient wisdom, enacted SEC Rule 10b-18, creating a safe harbor whereby corporations could buy back their own stocks. This effectively legalized price manipulation, but worry not! They set a limit on the amount of money these firms could spend… at 25% of the average daily trading volume PER DAY. This rule overrode the anti-fraud measures enacted in the Securities Exchange Act of 1934, and set the market off on the 34-year bull run that people love to cite when they say that the market is “doing just fine.” The chairwoman of the SEC has admitted that they aren’t even monitoring this rule, but that is beside the point, as it is a ridiculous rule to begin with. Long story short, the record setting DJIA quotes that we constantly see are no more than a product of price manipulation and financial engineering. + +Here are a few facts: + +1) Stock buybacks have accounted for a little over one fifth of the buildup of S&P 500 market capitalization since the 2009 crash. ([source](http://www.marketwatch.com/story/how-stock-buybacks-have-become-wall-streets-new-drug-2015-07-17)) + +2) In 2015Q1, firms’ shareholder cash distributions (buybacks + dividend payments) exceeded their net income for the first time in a non-recession year EVER. ([source](http://www.bloomberg.com/news/articles/2015-06-26/s-p-500-spending-on-buybacks-dividends-exceeds-operating-profit)) + +3) While companies are sitting on record-setting cash piles, they have been issuing bonds to borrow money to finance these distributions, since they cannot repatriate the money they have hidden in offshore tax havens. ([source](http://www.forbes.com/sites/timworstall/2013/04/30/with-all-of-apples-cash-why-is-it-issuing-bonds/)) + +It is that third point where President-Elect Donald J. Trump becomes relevant. His proposed tax plan would create a $6.2 trillion budget shortfall over the first ten years it was enacted according to the Tax Policy Center ([source](http://www.taxpolicycenter.org/publications/analysis-donald-trumps-revised-tax-plan)). To cover this shortfall, as the government does when public revenues do not meet public expenditures, there will need to be a bond issuance and increase in national debt. This is just the baseline, and does not account for increases in expenditure to repair infrastructure as he spoke about in his victory speech, nor does it include expenditures on “the wall” that Mexico said on Tuesday that they will not be paying for. That already high number is only likely to increase. + +This is where economics come into play. When the US government issues bonds, they increase the supply of bonds available for purchase in the marketplace. As with any “good” (a term loosely applied to a financial instrument here), the mechanics of supply and demand dictate that the price of US treasury bonds will fall as their supply increases under constant demand. Because of the way that bond yields are computed, this will drive up the interest rate that US treasuries pay out. For those of you that don’t know, the interest rate paid out by a US treasury bond is referred to as the “risk-free” rate of interest, and it is the rate on which other interest rates are based. This is a fundamental rule of economics and of the credit market. An increase in the risk-free rate will undoubtedly lead to an increase in the ultra-low rates that firms have been borrowing at since 2007 when the Federal Reserve Bank instituted their near-zero interest rate policy. When the cheap credit dries up, it will no longer be economically viable for firms to leverage buybacks on bond issues. + +The rising interest rates have an added effect of decreasing demand for stocks. As investors are enticed to flock into treasuries and other bonds for their new, higher yield, their demand for equity investments will fall. This means that the companies that were already accounting for almost 20% of the trading volume on the NYSE by dollar amount will have to spend even MORE money on buying back their own stocks to continue to perpetuate the massive fraud that has been going on since before most of us were born. This increased demand for debt will lead them to issue more bonds which, as we discussed earlier, will only serve to push the interest rate even higher and make the system more unsustainable. When firms cannot efficiently borrow money to finance their price manipulation operations, and a fifth of the demand for equities rapidly disappears, the stock market as we know it will fall apart. + +This is why I am scared of Donald Trump. Not because he is a racist, not because he is a misogynist, and not because he has outstanding allegations of child rape and fraud against him. It is his hubris and ignorance to the fundamental laws that govern the functioning of our financial markets (despite his claims to be a “terrific” business man) that scares me the most. You can deport anybody you want, grab whoever’s pussy you want to grab, and rail against any faith you choose, but you cannot implement such a drastic tax proposal and such grandiose public expenditures without collapsing the United States’ (and thus that of most of the world, by ripple effect) equity market. + +If you made it this far, congratulations! Now it’s time to answer a few questions that some confused people have been asking me lately. + +1) If Donald Trump is so bad for the economy, why is the Dow Jones up? Well friend, I’m sorry to burst your bubble but the DJIA is not the only indicator of a robust and healthy economy. I think this is a result of firms getting in as many buybacks as they can before rates go up, but I could be wrong on that. Take a look at the yield on a 10-year US treasury bond, which is up over 25 basis points from its pre-election level. This means that a lot of smart people who manage a lot of money are scared of what rates will look like in the future, and are selling off their bond holdings. The futures market (a more complicated system that I don’t have time to explain right now without typing an entire other diatribe just like this) for treasuries looks even more grim, down almost 2% since the election. + +2) What other impacts could this have outside of the stock market? If you have an adjustable rate mortgage or student loan, now is the time to refinance. Check your cardmember agreements for credit cards, and any auto finance agreements you may have as well. + +3) Why didn’t you say anything before the election? I knew this bubble was inflating for a long time, but foresaw it bursting in 2018 when the rest of the market believed that the FRB would hike interest rates. I (along with most other economists) did not foresee what a massive and expedient impact that electing Donald Trump would have on rates, nor was the likelihood of a Trump presidency believed to be that high. + +4) How do you feel about Donald Trump? https://www.youtube.com/watch?v=WkZ5e94QnWk +I’m getting the crap end of the 1099 stick. No unemployment if I lose the job, no workers comp if I get hurt, higher taxes…. + +I know the negatives to what my boss is doing, but what are the positives that I may not know about, aka, my rights? + +I’ve heard that if work is cancelled less than 24 hours before my next shift, or if my current shift is cut short that I should be compensated. Is that true? This happens to me semi frequently, we’ll run out of supplies halfway through a work day and have to go home early, not get paid, and miss the next day or two waiting for supplies to come in. + +I feel like there are things that would make this a bit more worthwhile and fair for me as a 1099 worker in Pennsylvania, but I’m unaware of them, and would appreciate any info. +I’m 26 and have lived at home since graduating college. I’ve had no student loans, no major expenses, besides my wants . I’ve saved alot living at home- I am from maybe 30 mins to NYC, where my office is, but now am officially fully remote. I’m having a hard time deciding if it is finally worth moving out and paying NYC/hoboken/JC rent when I have no logical reason to move out (ie closer to work, poor relationship with family etc), other than wanting to feel more adult. I now make ~75k, which is average for the area. My parents are fine with me staying home to save money. I’m also anxious and aloof about moving to these nearby areas. Advice appreciated +Don't get me wrong apes I'm all for great news but how can we spend more than a year proving that MSM (that includes 🦊 obviously) is NOT on our side and is spreading FUD like herpes at a college dorm to then just start accepting MSM because we agee or like what they are saying?? + +Either MSM is a trusted source or it's not. + + +🦍💪😎 +Married, 32, 33, JUST purchased a house. + +we don't meet the minimum required wealth of $250k + +We originally came to them with the minimum required wealth of $250k (which means our account would be "charged a much lower fee") and then we immediately bought a house (about $140k downpayment) so now we're under $250k and are getting charged a 1.4% fee on all our assets (around $2160/year or $180/month) + +we're now considering moving our money under a different company like vanguard for a much lower fee +Can't say how pissed I am. Can't adjust my longs even though the market is dying rn. Had a fairly volatile long open that I was going to sustain with additional margin, can't do any of that. App is just showing me "data can't be loaded". Pretty sure my position will just be already liquidated once their data service comes back online. + +When will exchanges in this business take responsibility for what the hell they're doing? Imagine if Interactive Brokers just went out during a major selloff. People would sue the living hell out of them. + +My heart goes to anyone who lost a position due to Kucoin fucking up AGAIN. I am sure someone from their PR team will read this and only not ignore it if becomes a thing. + + + +Edit 1: Yes the market isn't actually dying. Whatever. Exchanges are literally locking up our money and positions as they see fit. + +Edit 2: Yes trading on margin is risky. But that's completely besides the point when users can't close positions, can't add margin, can't do anything except pray that they don't get auto-liquidated while the exchange is down AKA can't manage their risk. + +Edit 3: My risk management bid ended up going through, position wasn't liquidated. This doesn't change anything, this post isn't just about my tiny little position getting rekt because Kucoin is down. It's about an exchange not allowing users to execute risk management strategies right when they need them the most and conveniently coming back online right as it's too late. +Could hardly read it as I was crying so much through laughing + +Actual quote: + Nikola described this third-party video on the Company’s social media as “In Motion.” It was never described as “under its own propulsion” or “powertrain driven.” 🤣🤣🤣 + +https://nikolamotor.com/press_releases/nikola-sets-the-record-straight-on-false-and-misleading-short-seller-report-96 + +Going all in on NKLA puts +I recently bought a used 2017 Subaru Forester. I love it so far and has all the bells and whistles. It’s my first car purchase and I held out for as long as I could (I’m 29 in a couple days). I put 7500 down on a car that was about 24k. The dealer kept making a big deal about it and asking if I was married to the “huge” down payment and why I wanted to put so much down. Then I was talking with friends and they were shocked as well and now I’m starting to question that decision. My whole reasoning was I wanted a decent car but didn’t want a huge monthly payment or to pay a ton in interest. What are the potential cons from my decision? + +Edit - the loan/interest rate was 3.29% over 48 months +Hello! I'm overwhelmed with the number of apps and options for something this simple. + +I've got no interest in interesting in individual stocks. I just want to put my savings into the S&P 500. I can't find an easy comparison of how much apps will charge me to invest this (and more each year). + +And how much it'll cost to get the money out at the other end. + +Any and all advice would be massively appreciated. Thank you! +I would insert a picture of Amazon revenue vs profits, but images are not allowed. Their profits are almost flat while revenue keeps increasing. It is a part of their business strategy. But my question is how do they have money for buying infrastructure, new trucks, expanding, making fulfilment centres if they don't make any profit, like where do they get their money from? +Limit for singles is increasing from $3,650 (2022) to $3,850 (2023) + +Limit for married couples is increasing from $7,300 (2022) to $7,750 (2023) + +[Source](https://www.accountingtoday.com/news/irs-raises-hsa-limits-for-2023-amid-soaring-inflation) + +IRA and 401(k) limits I’m sure will increase notably YoY as well when the IRS releases comms later this year in Q4. +May seem obvious to most of you, but I just dodged a bullet. + +I was recently offered a position at a new company. The initial offer looked great. The base salary was 85k, nearly $18,000 more per year with all the usual benefits. The 401K was lack luster, but it wasn't a deal killer. I had read on Glassdoor that the insurance costs were higher than most. Before accepting the offer, I requested to see the costs associated with their medical/dental/vision insurance. As it turns out, the insurance was over double what I'm currently paying. The insurance premiums worked out to $1570/mo. Between that and the difference in the 401k match, I would have been losing money. + +If I hadn't read about the insurance premiums, I would not have thought to ask to see the price. I definitely dodged a bullet. +Does anyone buy for the intent to do aidbnb? + +I am a real estate agent and have a client interested in properties for it but have never dealt with it before. + +What do you look for? What makes it a good Airbnb property? + I'm in Seattle and we are apparently leading the slow down. Dropped 13% last year in price. It's been rough since, a little bit of appreciation since last year but not much. + +Pending home sales matching downward trend of last crash (so far) + +Foreclosure starts matching downward trend of last crash (so far) + +Interest rates rising matching downward trend of last crash (higher rates do slow demand, look at the charts out there…) + +Vacancy increasing matching downward trend of last crash (due to new inventory) + +Rents decreasing matching downward trend of last crash (due to new inventory) + +New construction permits matching downward trend of last crash (so far). +*Reposting by request due to recent Ortex news. V2.0 includes updates and changes to help with readability and clarity along with an expanded section about comments, should you wish to submit one (highly recommend that you do).* + +**TA;DR More stuff on record, more transparency. DTCC wants nothing to do with it.** + +**TL;DR The SEC is increasing recordkeeping requirements by enforcing new due diligence and monitoring requirements for investment advisers who outsource covered functions. The proposal clarifies the scope of a covered function and improves due diligence/monitoring standards. However, the DTCC recommends no enforcement action. Go figure.** + +# Intro/Background + +**Terms to Know** + +* **brochure -** Part 2A of Form ADV that discloses information about the firm +* **covered function -** function or service that is necessary for the adviser to provide its investment advisory services +* [Form ADV](https://www.investor.gov/introduction-investing/investing-basics/glossary/form-adv) **-** mandatory submission by investment advisers +* [no-action letter](https://www.investor.gov/introduction-investing/investing-basics/glossary/no-action-letters) **-** polite way of saying "no" to a proposal +* **service provider** **-** person or entity that performs one or more covered function + +The SEC released a [proposal](https://www.sec.gov/rules/proposed/2022/ia-6176.pdf) that amends Rule 204-2 regarding recordkeeping requirements surrounding outsourced functions by a service provider. It focuses on the **(1) scope** of covered functions, **(2) due diligence** by investment advisers, and **(3) monitoring** of service providers with whom investment advisers have outsourced certain covered functions. Regulatory assets under management (RAUM) have increased from $47 trillion to $128 trillion over the past decade which increased the demand for outsourcing of certain functions of investment advisers. The increased popularity in outsourcing was not accompanied with an updated Rule 204-2 to go with it, leading to inconsistent and underreported records. + +# Scope + +[Rule 204-2](https://www.law.cornell.edu/cfr/text/17/275.204-2) governs books and records including requirements for maintaining and preserving them. The SEC plans to target outsourced functions that meet two elements: + +1. those **necessary for the investment adviser to provide its investment advisory services** in compliance with the Federal securities laws; and +2. those that, if not performed or performed negligently, **would be reasonably likely to cause a material negative impact on the adviser’s clients or on the adviser’s ability to provide investment advisory services** + +They are focusing on what constitutes as a necessary function as many functions have "little to no effect on an adviser's clients" (p. 13). This allows for efficient examination and oversight of investment advisors and for good reason (p. 11): + +[Add this to the list of examples of current capital markets' fragility.](https://preview.redd.it/9lg84tvbmjw91.png?width=975&format=png&auto=webp&s=9765616365aebf4276f3e4d8abc77d93e5bfb38d) + +# Due Diligence + +The proposal requires investment advisers do their due diligence **before** engaging a service provider to perform a covered function ^((lol)) by complying with six specific elements (pp. 40-41): + +1. Identify the **nature and scope of the covered function** the service provider is to perform; +2. Identify and determine **how it would mitigate and manage the potential risks** to clients or to the investment adviser’s ability to perform its advisory services, resulting from engaging a service provider to perform a covered function and engaging that service provider to perform the covered function; +3. Determine that the **service provider has the competence, capacity, and resources necessary** to perform the covered function in a timely and effective manner; +4. Determine whether the service provider has any **subcontracting arrangements that would be material to the service provider’s performance of the covered function**, and identifying and determining how the investment adviser will mitigate and manage potential risks to clients or to the adviser’s ability to perform its advisory services in light of any such subcontracting arrangement; +5. Obtain reasonable assurance from the service provider that it is able to, and will, **coordinate with the adviser for purposes of the adviser’s compliance** with the Federal securities laws; and +6. Obtain reasonable assurance from the service provider that it is able to, and will, provide a **process for orderly termination of its performance** of the covered function. + +In addition, "an adviser’s due diligence must reasonably be tailored to the function or services that would be outsourced and to the identified service provider" (p. 42). Investment advisers aren't oblivious to their reasons (or lack thereof) for choosing their service providers so they should be held to a higher standard. **Simply put, investment advisers need to be more scrutinous with outsourced covered functions**. It's not just their DD that lacks standards. Advisers are not held accountable for whether or not clients received their brochures (p. 12): + +[Investment advisers: They automatically receive client brochures, we're good.](https://preview.redd.it/4wi3xg7dmjw91.png?width=975&format=png&auto=webp&s=c75e0e69570d87aa5bd4c32b581f7486fda26e88) + +Due to these types of findings, the SEC is putting investment advisers on the hook for not just their own compliance but **the compliance of any outsourced functions by service providers as well**. They plan on enforcing it by requiring + +>...an adviser to make and keep a list or other **record of covered functions** that the adviser has outsourced to a service provider and the **name of each service provider**, along with a **record of the factors**, corresponding to each listed function, that led the adviser to list it as a covered function" (pp. 28-29). + +This would also + +>require that the records be maintained in an easily accessible place **throughout the time period that the adviser has outsourced a covered function** to a service provider, and for a period of **five years thereafter**" (p. 30). + +# Monitoring + +This section is short but the proposal requires investment advisers **keep track of the service provider’s performance and reassess their retention** "such that the adviser can reasonably determine that it is appropriate to continue to outsource the covered function and that it remains appropriate to outsource it to the service provider" (p. 66). Investment advisers should also "continue to take into account all of the **required elements for due diligence**" (p. 68). The proposal also requires advisers **keep records documenting the periodic monitoring** (p. 69). + +[At least someone said it \(p. 67\).](https://preview.redd.it/t98j5f5m5kw91.png?width=1350&format=png&auto=webp&s=7582330ef1e7a643f4499e44f775b3516f501749) + +# Other Supplemental Amendments + +**Form ADV** + +The proposal requires investment advisers to include the following information in Form ADV (p. 73): + +* **name** of their service providers +* **location** of the office principally responsible for the covered functions +* **date** they were first engaged to provide covered functions +* whether they are **related persons** of the adviser +* **information** that would clarify the services or functions they provide + +**Third-Party Recordkeeping** + +The proposal requires investment advisers that rely on a third party to comply with the **same recordkeeping standards**. The recordkeeping function would act as a "covered function" and the third party would act as a "service provider". They also propose to obtain reasonable assurances that the third party will meet four standards (pp. 85-86): + +1. adopt and implement **internal processes and/or systems** for making and/or keeping records on behalf of the investment adviser +2. **make and/or keep records** in a manner that will meet all of the requirements of the recordkeeping rule as applicable to the investment adviser +3. allow the investment adviser and Commission staff to **access the records easily** through computers or systems during the required retention period +4. ensure the **continued availability** of records in the event that the third party ceases operations or the relationship with the investment adviser is terminated + +# Objections by the DTCC + +Below are two no-action letters chosen for review regarding withdrawal (p. 95): + +https://preview.redd.it/1ognbuifmjw91.png?width=1361&format=png&auto=webp&s=3e6c9db601c0e27b824d2008d82bcf2e7237bd02 + +If the SEC adopts the amendments of the proposal, the letters would be withdrawn as they are both against the proposal: [First Call Corporation](https://www.sec.gov/divisions/investment/noaction/1995/firstcall090695.pdf) (September 6, 1995) and [Omgeo LLC](https://www.sec.gov/divisions/investment/noaction/2009/omgeo081409.htm) (August 14, 2009). **Does that second name look familiar?** + +If you recall from [*DTCC and Citadel intimately connected to a firm called Price Waterhouse Coopers which profited 322M from Lehman's collapse*](https://www.reddit.com/r/Superstonk/comments/n5yxpd/dtcc_and_citadel_intimately_connected_to_a_firm/?utm_source=share&utm_medium=web2x&context=3), it briefly mentions Omgeo and Susan Cosgrove (DTCC's current CFO). Susan Cosgrove was added to [Omgeo's Board of Managers](https://www.globalcustodian.com/hazel-taggart-and-cosgrove-join-omgeo-board-of-managers/) on March 27, 2013, just over half a year before the company was [acquired by the DTCC](https://www.businesswire.com/news/home/20131002005729/en/DTCC-Acquires-100-of-Omgeo) on October 2, 2013: + +https://preview.redd.it/u72dzjhimjw91.png?width=975&format=png&auto=webp&s=05c36e1f1e28ba893b0fbada5a2a441eac4c828a + +Clearly there was an interest in Omgeo by the DTCC and, judging by the CEO of Omgeo's statement, the interest was mutual: + +>We are excited about the transaction as it enables DTCC and Omgeo to **facilitate a unified strategy around key industry initiatives including the move to trade date affirmation of institutional trades, settlement matching** in DTCC’s subsidiary, Depository Trust Company (DTC), and the adoption of shorter settlement cycles in various markets. + +It's apparent Omgeo and the DTCC had the same strategy in mind in 2013. The same can be assumed today since Omgeo still remains a subsidiary of the DTCC. Therefore, we can consider Omgeo's no-action letter to effectively be the DTCC's. Their letter recommends no enforcement action on three specific rules: + +1. **Rule 204-2(a)(7)** requires investment advisers to make and keep originals of written communications received and copies of all written communications sent by such investment adviser. +2. **Rule 204-2(b)(3)** requires investment advisers in custody or possession of securities or funds of any client to make and keep records to include copies of confirmations of all transactions effected by or for the account of any such client. +3. **Rule 204-2(g)** states records may be maintained and preserved on electronic storage for the required time by an investment adviser. + +Essentially, the rules **require recordkeeping of communications and transaction confirmation and records may be maintained via electronic storage**. Unsurprisingly, the DTCC is against it. What communications and/or transactions do they not want public? Even laughably worse, look at Omgeo's reasoning behind why they don't approve of an electronic document delivery system: + +https://preview.redd.it/bx7af0t91kw91.png?width=1330&format=png&auto=webp&s=f12a23eae45ef62e4b133e46e5723ff8d3e2fe0c + +I'm confused. Would an electronic document delivery system not safeguard their records from loss, alteration, or destruction if they were saved to several local, encrypted server with limited access? Would an electronic document delivery system not make records even more accessible to the SEC's staff? If this doesn't indicate how backwards Omgeo/DTCC operates then I don't know what will. + +To be clear, the three rules mentioned do not have to do with the main amendments proposed by the SEC. However, should Omgeo/DTCC decide to write a no action letter referencing the actual amendments proposed, one could reasonably assume a similar stance when referencing increased recordkeeping and transparency. Regardless, though Omgeo's no-action letter was written in 2009 and only tangentially relevant, because it's still being referenced by the SEC, it still has inherent power. What I mean by that is if the SEC finds their no-action letter compelling enough, the proposal **can be denied**. One way of reducing that letter's power is by [submitting a comment](https://www.reddit.com/r/Superstonk/comments/tbpe0a/former_sec_branch_chief_lisa_braganca_is/?utm_source=share&utm_medium=web2x&context=3) in favor of the proposals as they are good for market transparency and efficiency! + +# Commenting + +Beyond agreeing with the obvious, below are some additional points for each section to help supplement your comment with concerns/suggestions: + +**Scope** + +* oversight requirements preferred over simple disclosure of oversight +* prohibit an advisor from disclaiming liability when not performing a covered function itself +* data providers such as providers of security master data, corporate action data, and index data should be explicitly included in the scope of the rule +* amend Rule 206(4)-7 to require advisers to comply with the due diligence and monitoring requirements of proposed rule 206(4)-11 and 204-2(a)(24) for all outsourced compliance functions +* do not exclude affiliates or related persons from the definition of provider + +**Due Diligence** + +* no exemptions from requirements for smaller advisers/service providers or newly registered advisers +* require advisers to prioritize identified risks, create a record of that prioritization, and include a materiality threshold +* require advisers to adopt and implement service provider risk management strategies +* require advisers to notify investment company boards of abrupt termination + +**Monitoring** + +* no exemptions from requirements for smaller advisers/service providers or newly registered advisers +* SEC should prescribe the frequency of monitoring at a pace no more than once a month +* SEC should prescribe the manner in which monitoring is conducted (e.g. third-party auditors) +* identify specific records to be maintained +* require retention of due diligence questionnaires, third party audits, memos, and service provider reports + +**Form ADV** + +* service providers should disclose everything that effects the overall markets +* allow advisers to cross reference private fund service providers that are currently required to be disclosed in Section 7.B. of Schedule D + +**Third-Party Recordkeeping** + +* no exemptions from requirements for third-party recordkeepers +* rule 204-2(l) should apply to any records that are made and/or kept by a third party on behalf of an investment adviser in accordance with fulfilling the adviser’s obligations +* same requirements for registered investment companies for consistency +* require a written agreement between an investment adviser and a third party where the investment adviser relies on the third party for recordkeeping functions +* explicitly require that third-party recordkeepers be reported on Form ADV + +Navigate to the SEC's [Proposed Rules](https://www.sec.gov/rules/proposed.shtml) page and leave your **support** for the proposed amendments: + +https://preview.redd.it/4p79rawkmjw91.png?width=863&format=png&auto=webp&s=57faa2e4345157f7d8174b39a125a99db3ac43da + +# While we're on the subject of commenting, don't forget to submit one for [Rule 13f-2 (short position disclosure)](https://www.reddit.com/r/Superstonk/comments/ydxvkl/comment_letter_opportunity_closing_hundreds_of/?utm_source=share&utm_medium=web2x&context=3) as the deadline is Tuesday! +Much of my frustration has been that I have not cracked the code of secondary income yet ... I've yet to come up with a sustainable side hustle, despite sitting for hours per day trying to brainstorm. + +I've often wandered if I should buy and read financial aide books....but I have heard so much conflicting ideas about them. Especially with Robert Kyasake ...I have heard that these books often function as pyramid schemes ...ie the authors of these books actually become rich by selling the very same book. + +I'm kinda jaded, I don't want to line-up the pockets of con-men without gettting any closer to my goal of financial independence. +Edit: just saying thanks for all the ideas! If I don't reply to you now it's either cause I'm buried in code or I've jumped off the balcony. This thread had been really helpful! + +First of all I'm not sure if this is the right place for this but it's the best place I could think of so if not just let me know where a better place to ask would be and I'm happy to move it there. + +Right, so I run a small fintech as a subscription service and I'm trying to improve my fundamentals screener which is one core piece of functionality on the site, among maybe 7-8 other core pieces. Currently it functions pretty primitively: I pay for an API which gives me access to historical fundamental data (I've got about 20-25 years of financials and metrics on ~15000 companies) but their filtering capability isn't very good. You can really only filter results based on a few items which is fine for 95% of what I need to do, but when it comes to screening (e.g. "Show me all stocks with revenue > X, PE < Y, price between 50-200" and so on) I'm currently pretty much building my own infrastructure for that because the API doesn't allow that kind of filtering. + +The way I handle it right now is I have a nightly job that goes out and pulls the latest additions to the dataset and diffs it against what's in my database (t2.medium RDS instance) to update any existing tickers w/ restatements and such as well as adding new tickers and data. I only add the most recent year of data in order to make the update quick and keep DB searches speedy, which works ok, but it doesn't allow me to do anything based on growth, changing trends or anything more advanced. The screener works fine as is and people are generally happy with it (though I'm not!), but the infrastructure seems clunky and not really scalable using this methodology, so I'm trying to determine what a better methodology would be to build something "real". + +I'm not looking for a "just do this" kind of answer here. What I'm trying to understand is how these larger companies like TradingView, which has an excellent screener for both fundamental and technical metrics, handle this. Do they just have massive databases full of stuff? Do they have a better API which allows filtering based on more fields than the one I use? What technologies are relevant to my use case in terms of databases, infrastructure, and query languages? + +I'm happy to answer any questions that would help give a better answer, I'm just not sure what to really ask at this point so I'm trying to open a discussion. If it helps, my site is a Django/Python back end, React front end, running on AWS Elastic Beanstalk with a Postgres RDS database, and the two main data vendors are Quandl (the fundamentals I'm trying to improve my screener for) and IEX Cloud (which is shit, and will be going away soon lol). Any insight or resources I could read to start researching better options would be greatly appreciated! +I keep coming back and commenting this over and over, hoping more people take heed. Decided to finally make a post in hopes a few people will read it. + +This dip is NOT about the FOMC meetings or heightening tensions with Russia. Those are short term catalysts. + +The real problem is inflation. + +# 7% CPI and 10% PPI is a financial crisis. + +Everyone with a formal education in economics and finance knows it, but they are not going to say it because panic from the top won't help anyone. AND RIGHTLY SO. + +I swear to God 90% of the investors and traders on reddit don't understand the basics of monetary policy and the risks associated with compounding inflation. + +You have to understand that our entire central banking system, and government financial structure is all based on controlling price levels with interest rates. + +If inflation runs away, interest rate hikes are the ONLY proven tool to get it under control. + +We have not seen this shit in 40 years, and last time we did interest rates had to go to 20% in a "shock and awe" style monetary tightening. + +Everyone who knows anything about public finances knows that we will all be cavemen if interest rates go to 20%. That means we cannot do that again this time. And THAT means we have no idea how to stop this inflation if it doesn't stop itself. + +*EDIT: Added some comments to prove the above point. Here is a source for the reality of the US debt situation, and what will happen if interest rates return to their historical mean of 5%. This is from a report written by the non-partisan US congressional budget office. and it was written BEFORE the stimulus packages were passed and accounted for. These are projections for the relationship between debt and GDP. This is NOT a graph of absolute deficit levels. This is a graph of the US government going bankrupt if interest rates go too high.* + +[Full report here: https:\/\/www.cbo.gov\/publication\/56977](https://preview.redd.it/dnibpudq2qd81.png?width=1428&format=png&auto=webp&s=58e84f52c1e56d9b4b6fd50005c73fcbcc80e451) + +The above graph explains to you in one image why the US government cannot and will not raise interest rates meaningfully. *(But there's even more reasons than that. A lot more.)* + +THIS IS A MONETARY PICKLE OF DILDO PROPORTIONS. + +Until inflation comes down materially, do not expect the markets to be anything but bloody. + +**Inflation started taking off in March and April of last year. Watch for the month to month changes to start flattening then, because we will be comparing to an already increased month in 2021.** + +&#x200B; + +https://preview.redd.it/z67utvy9eod81.png?width=1920&format=png&auto=webp&s=bcaaf59b5ef8dbbc2e36699829aaca1493c9d6fa + +**Conversely, if we are still getting increasing monthly YOY reads (7%+) on the March and April numbers (which are reported in April and May respectively), that is when all hell will break loose, because it will be an indication that the fed is genuinely losing control.** + +PAY ATTENTION TO INFLATION, AND LISTEN TO HOW MANY PEOPLE ARE TALKING ABOUT IT IN THE REAL WORLD. + +My biggest fear is that posts and memes about inflation are going to take over social media, and when the whole world is talking about inflation, its going to cause even more inflation by driving up people's inflationary expectations. + +Hyper inflation is caused by inflationary expectations leading to more inflation, which raises inflationary expectations... which guess what? Causes more inflation and increases inflationary expectations further. + +At some theoretical point people are going to lose their shit when they feel this in the real world - maybe its gas at $10 a gallon? Maybe it's $15 bread? I don't know the threshold for real world panic, but can you see the risk here when you dump this gasoline on facebook, twitter and tiktok? + +\-- + +*Positions since Dec 2021: Physical Gold. Physical Silver. PHYS gold ETF. Enough cash to pay my bills.* +Speculation and possible FUD post. Please share your thoughts. + +Let’s say a bad acting large institution wants to de-peg tether. How could they do it? I think we all probably correctly assume Tether doesn’t have enough dollars or cash equivalents backing it. + +Big institution could buy or borrow 10 billion USDT. Sell it. Cause panic selling that turns into a death spiral? Is this possible? + +Let’s say the big institution successfully causes the panic selling. Then BTC falls to from $30k to $10k. Big institution buys 10 billion dollars of BTC (1 million BTC). Then they pump BTC to $100k. Now big institution has a 100 billion dollar BTC portfolio. 10 billion was flushed down the toilet. Another 10 billion invested. They made 80 billion in profit. (If they could even sell 1 million BTC) + +The charts for UST (Terra Luna’s stable coin) and USDT (Tether) are looking eerily similar. + +UST (Terra Luna former stable coin) 7 day market cap (initial drop \~ 22% in 6 hours) + +https://preview.redd.it/jf63cdhu1oz81.png?width=1170&format=png&auto=webp&s=b50005d4c18b89328f2f5172e3b077878e11d737 + +USDT (Tether) 7 day market cap (9% drop in a little over 3 days). Looks like multiple large sells may be staggered here. Institutional de-risking or the start of something nefarious? + +https://preview.redd.it/4eouopxw1oz81.jpg?width=1170&format=pjpg&auto=webp&s=a8efd2e33ca0cd623fafff8d4605868616098d5d + +It doesn’t appear USDT has ever had more than \~ 3% dip in market cap. We are currently triple (9%) that drop. + +https://preview.redd.it/fq4ce92z1oz81.jpg?width=1168&format=pjpg&auto=webp&s=924ef56992e0735b0a2492ce155ebd08dbe7d7a3 + +The price of USDT is also looking shakier than it has in the last year. You can see it still hasn't quite recovered to its normal level. + +1 year Tether price + +https://preview.redd.it/m6j7a9n12oz81.jpg?width=1170&format=pjpg&auto=webp&s=24db42d680cac49b7cfe7a87e5838c6f4161a533 + +30 day Tether price + +https://preview.redd.it/pkrq41r22oz81.jpg?width=1170&format=pjpg&auto=webp&s=23032aeb2846693e0ce982c6f3685d9f63277af2 + +Is this cause for real concern or just a blip? Is the same thing that happened to UST happening slowly to USDT? + +I’m just a regular moron so please poke holes in this because I can’t get it out of my head. + +Also if you haven’t seen this yet, watch it - Coffeezilla’s video \[Exposing Tether - Bitcoin's Biggest Secret\]([https://m.youtube.com/watch?v=-whuXHSL1Pg&feature=youtu.be](https://m.youtube.com/watch?v=-whuXHSL1Pg&feature=youtu.be)) +So the old excuse "Buffett is better at investing it than you" simply doesn't make sense (anymore) + +1. Buffett is stockpiling his cash in savings and not even investing it +2. The company has reached economies of scale and has a hard time growing so realistically, even if you aren't better off investing it, it makes more sense for the cash to be distributed to shareholders + +It really makes no sense. Can someone explain it to me? +Retards + +I need some help please. I can not get anyone on the phone at Vanguard until Monday. My buying power was $-32,000 on Friday from -$76,000 (thank you SPCE and PLTR). It was like this for a week or two and I got a few messages from vanguard but this morning I woke up to a bunch of sell orders (over 25K in securities) that I did NOT want to sell by any means some of them are at major losses. Why would they automatically sell my securities to meet margin requirements I would have rather deposited the 32K. They NEVER told me they would auto liquidate. + +Should I start a funds transfer now and see if they can get me the stonks back? + +Please let me know if anyone has experienced something similar with Vanguard. + +They sold over 12K of WISH which I am livid about. + +Thanks +[https://www.marketwatch.com/story/musk-says-hertz-deal-isnt-signed-and-questions-tesla-rally-after-the-announcement-11635843116](https://www.marketwatch.com/story/musk-says-hertz-deal-isnt-signed-and-questions-tesla-rally-after-the-announcement-11635843116) + + +It looks like SEC in a deep sleep when it comes to stock price manipulation by Tesla. "You" tweet about huge "order", got $30B+ in capital from stock price growth, and with that amount of money you're almost invincible in any court and can "handle" with any "regulators". +What a joke the market has become... +https://www.cnbc.com/2022/06/02/tiger-global-drops-14percent-in-may-during-the-tech-sell-off-pushing-hedge-funds-2022-losses-to-over-50percent.html + +Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over 50%, a source familiar with the return told CNBC’s David Faber. In the first quarter, Tiger Global doubled down on a number of tech holdings, including Snowflake, Carvana and Sea, before the market decline got uglier, according to a regulatory filing. Carvana has plummeted 77% in the second quarter so far, while Snowflake is down 44% and Sea is off by more than 30% this quarter. + +The tech sector, especially unprofitable firms and richly valued software names, has taken a beating lately in the face of rising rates. Those sharp declines in tech have pushed the Nasdaq Composite down more than 23% year to date and off 26% from its all-time high. Coleman is one of the so-called Tiger Cubs, protegees of legendary hedge fund pioneer Julian Robertson. He had managed to produce double-digit annualized returns through 2020 by taking advantage of the explosive growth in technology. This year’s brutal sell-off has inflicted huge pain on some hedge funds. Melvin Capital Management, the hedge fund burned by the GameStop mania, said last month it will unwind its funds and return cash to investors as losses accelerated. +[https://www.bloomberg.com/news/articles/2021-08-19/onlyfans-to-block-sexually-explicit-videos-starting-in-october?srnd=markets-vp](https://www.bloomberg.com/news/articles/2021-08-19/onlyfans-to-block-sexually-explicit-videos-starting-in-october?srnd=markets-vp) + +So every simps favorite thot content hub is planning to remove explicit video content starting in October. This will leave the thots in shambles trying to think of ways to milk money from desperate perma-virgins. Of course the real conundrum is thinking of ways to profit from this in the market. + +So…: + +Ticker: CHD - Ticker Church and Dwight Co. Inc. operates in key segments including Consumer Domestic, Consumer International, and Specialty Products Division. The company offers a wide range of vibrators through its brand, TROJAN. + +Given the glut of stay at home (or never worked a real job in their life) young twenty somethings that are going to be flooding the market with used butt plugs, vibrators, and various other tools of their trade I’ll say 3-4 month out puts. Right now I have no positions but was interested in the discussion. +Honestly, it's an absolute dream to own an entire bitcoin now. I remember when you can grab them at $4k last year, but I had never seen this bull run coming before. Whatever, the last best time to buy was yesterday, the next best time is today. + +But ETH just has so much room to grow. It runs most of the DeFi ecosystem and NFTs, getting network upgrades like EIP 1559 making it less inflationary, ETH 2.0 making the blockchain green and drastically reduce fees, and tons of institutional adoptions alongside bitcoin. There's just so many bullish things in store for ETH long term. + +ETH would have a mcap of $6T if $51.9k. But watch; [the global stock market has total value $95T](https://spendmenot.com/blog/stock-market-statistics/). So it's realistic. Consider that fiat is heavily depreciating too. + +Also mention BTC would only have to 6x to get to $6T. + +Will it take over BTC as market cap? Very unlikely. Will it decrown BTC as king of crypto? Hell no. + +But ETH will probably be just as sought after and extremely high valued just like BTC is today. I'm very bullish on it. + +Hey I’m not sure if this is the right group to post, I was wondering if anyone could give me some advice or share their experiences. I’m 28 and live in outer London UK. I still live with my parents but want to move out as living with them is affecting my mental health. + +I earn £1500 a month and most places to rent are more then half my salary alone. Is anyone else earning roughly the same money and if so how do you live alone on your income? Thanks in advance! +We get it. Your government can potentially \*\*\*\* this up for everyone. *Like real bad.* + +But is this the place where you need to shill your favourite political party and share the same overused "this party bad, this party good" rhetorics? No. There are so many of us that don't give an absolute donkey's ass about why you think one party is better than the other. They are both awful and you're kidding yourself if you think **either** of them has you or your favourite crypto's best interest in mind. + +By all means, it is important that many of these topics within the political sphere are discussed and opposed when they threaten the future of our financial independence, freedom of information, etc. + +But really, it gets old fast when you all inject your political views into things. If you're going to constantly look for reasons to hate on a political party, but not actually address the underlying REASONS both parties are equally corrupt when discussing crypto, you're not helping the issue, you're *part* of it. + +/rant + +*Edit since this blew up way more than I expected:* + +Yes, I recognize crypto in its nature is somewhat political since it's tied to money and ultimately affected by monetary policy. I'm not saying don't talk about it. + +My point was that it gets old when people use every little thing in the crypto space as a means to support and reaffirm their political bias for one party or another when it's clear they are *both* paid for by the very same people who likely don't want crypto to happen. +I see a lot of posts telling people what not to submit and blah blah blah….who put these people in charge!? Submit what you feel is dope! That’s all! If GameStop is for it, it will get selected and that’s that! Stop telling people what they can and can’t do! +What is the current state of play for backtesting in Python. I am in the process of putting together a strategy pipeline am now looking at the backtesting. Ideally I would like something that fits in with my stack, which is the usual suspects: Python 3.6+, Pandas, Tensorflow, etc. However I am abstracting everything into classes and services, so integration shouldn't be too much of a problem, but it would be nice if the interface at least supported Pandas Dataframes. + +**First prize would be for it to emulate a broker with an API.** + +Functionally looking for dynamic spread (off a distribution or range, not fussed), commission and fees, leverage, draw down reporting, and a couple of basic metrics. + +I know there has been some churn in this space, so any advice will be appreciated. + +&#x200B; + +Edit: + +**Summary in order of perceived popularity:** + +1. Roll your own - Pandas style (3) +2. Backtrader (2) +3. Backtesting.py (2) +4. Pyalgotrader (1) +5. Pysystemtrade (1) +6. Vectorbt +7. Zipline (1) - version issues +8. Use a platform (Quant connect) (1) - cant select own broker +For retail traders, I've heard that strategies that are centered around HFT and arbitrage can be heavily reliant on connection and execution which may make a profitable strategy for hedge fund algos terrible for retail traders. Are there other areas retail traders should steer clear from? If you feel differently about these strategies could you explain why? :) Thank you!! +ok + +What is ALPHA BANK . + +Well it's the biggest bank of Greece . And the most traded stock of Greece market . + + Had a free fall at Friday. + +Ok who gives a sh!t + well .... + +I read a post from a newspaper (online) that say: + +"Alpha Bank had hired JP Morgan and Goldman Sachs Bank Europe SE to investigate the possibility of raising funds amounting to approximately 800 million euros, to finance its development project from Greece." + +https://www.newmoney.gr/roh/agores/trapeziko-krach-sto-chrimatistirio-sto-limit-down-i-alpha-bank/ +( It's on Greek good luck with Google translate) + +Hmmm ok and why the stock free fall . The article say cuz alpha making a big move to something and needs help 🥺🥺 ( yea rghit) + +Best part is that the fall happent from the start at 10:30 +And stop at 10:50 with 20% down . After that went up and then tank down and the hole Greek market pause for 2 hours . + + Hmmm 🤔 bikooneeeeect fall around that time . + + + +BUT WHAIT THERE IS MORE + +Let's leave alpha . +And focus on the Greek stock market . +Owww the whole market is down. There was some liquidations . Hmmm. Ok it's the Greek market classic buuuuut why liquidations on Greek banks ? Who need money ? And sells stocks off Greek banks 🤔 + +https://www.newmoney.gr/roh/agores/chrimatistirio-to-sell-off-stis-trapezes-vithise-ton-geniko-dikti/ +( It's on Greek good luck with Google translate) + + +! Apes I need some help here to connect the dots you are welcome to correct me and help me ! + + + + +TL:DR +So what we have here . A big sell of Greek banks stocks . The best trading stock of Greece in general fall 30% and bring the Greek market down too . Alpha Bank hire JP Morgan and Goldman Sachs Bank Europe SE to boost capital ???? And the stock fall 30%??? Ow some news talk about liquidations too . 🤔 + + + +EDIT1: FOUND SOMETHING AT YAHOO too +https://finance.yahoo.com/news/alpha-bank-hires-jpmorgan-goldman-103532937.html + +EDIT2: it's a possible DD I don't know where this connects and how , but we all know banks are fuckt . LOOKS LIKE ALL BANKS ARE . + +EDIT3: thanks u/gettingroastedagain for this comment : + +So I was recently offered to buy shit tier BBB- bonds from Alpha bank. I'm Greek and live here, so I will try and write a summary of the article for you guys. + + +Basically it says that there were a lot of liquidations taking place today (Technically yesterday 21/05) dropping the Greek stock market down by 3,9% and due to Alpha bank losing around 30% of its value today it created a bearish sentiment affecting all 4 major greek banks. Piraeus(-6%), National Bank of Greece(-13%) and Eurobank(-5%). + + +All of this happened because Alpha bank was trying to increase their capital. All major Greek banks have been facing money issues last 5 years. Attica bank though already did something similar back in September according to the article. + + +It seems like the article has some credibility since it was also reported by other major outlets, but do correct me if I am wrong here. + + +EDIT4 + +Oh alpha Bank stock is like coca cola stock . Slow and for boomers . Best day 2% up worst 2% down . ( Before the big boom at Greece 2015 was better) + +EDIT5 Thanks u/Tombstone_Shorty for this . +Hmmmmm Interesting . +https://www.dtcc.com/-/media/Files/pdf/2021/3/3/14786-21.pdf + +EDIT6 I will call a friend that works inside the bank and ask him stuff ( he is a good friend ) and the brother of my best friend works at Greek stock market . I will try to find some info for all of this , maybe make a new DD on this + + +EDIT7 + u/corradodomingo SPECULATE That : "if I had to orchestrate a financial crisis in europe and hide the real reason, I would start in Greece. " +This is correct , 2008 Greece and Portugal was the very first that took the hit . + + +I just try to connect some dots, maybe this doesn't connect to GME . Or maybe the bigging of the end has already started days ago. + +Edit 100bilion + +OMG THANK YOU FOR THE AWARD APES AND SUPPORT . BEST COMMUNITY IN THE PLANET LOVE YOU ALL ❤️❤️❤️❤️❤️❤️❤️ + + +👐💎🚀🚀🚀🚀🚀🚀🚀 +My workplace has a “secret pal” system where we give and get gifts every so often throughout the year. I received some things these past couple of months that I didn’t really need (Halloween socks, Christmas mug, reindeer-shaped hot cocoa mix bag, Eos shimmer lip balm, notepads, etc). I was about to return a dress to Target and out of curiosity, I decided to use the Target app to scan the barcodes of the little gifts to see if that’s where they had bought them. When I saw the prices, I was so surprised! Most of the things were a dollar or two, but a couple were worth more than I expected! The Eos lip balm was five dollars! The cocoa mix was four dollars (even though it only had one serving)! Well, I brought them all with me when I returned my dress. I explained they were gifts but I didn’t have a gift receipt; they said it was no problem. Overall, these little things added up to $25 dollars! They were cute and I could have used them if I really wanted to, but I didn’t actually need them. Don’t be afraid to return things you don’t need! +I currently use AmEx Platinum for personal and business, but I'm looking for cashback vs points as I read cashback is considered a rebate on spend--not income--thus not taxable. + +Monthly spend is currently ~$150K, but I can switch expenses to a card to get $1M+. I don't need that many AmEx points (almost exclusively used for flights). + +Are there more exclusive cards that have better cashback or incentives? I'm considering CapitalOne Spark Cash Plus charge card for 2% unlimited rebate+spend, but I've heard Chase Ink Business Premier is 2.5% over $5,000. Almost all of my business spend is over $5K mark. But I can't find a link to sign up for the Chase card. Any insight and experience is appreciated! + +Edit: Winner is BoA Unlimited Cash + Preferred Rewards. +Good morning everyone, + +I am currently battling a dispute with Goldman Sachs over a $2,000 charge and am looking for some advice. I will do my best to summarize this situation and any and all help is more than appreciated. + +In April I went on vacation and was using my Apple Card to cover all of the expenses. On the 7th of April I made two payments, one in the amount of $1,000 and another in the amount of $2,000. After a few hours I realized "Okay, that $2,000 was a bit excessive" and called to have the payment cancelled before it was posted. It went through successfully and it was properly reflected on my account so it was nullified. + +On April 10th I made an additional payment of $1,000. This brought my credit balance down to $3116.12 and all was well. On the 11th of April I was issued a "Credit Reversal" for $2,000 that brought my balance up to $5116.12.. this charge should never have happened as this happened on the 7th when I cancelled the payment. + +I then called them to dispute this claim.. four times. Each time I spoke an an agent, we went through the statements charge by charge and it ultimately ended with them SAYING and ANNOTATING "Oh yeah, you were charged twice. I don't understand why this happened" and then they proceed to escalate it. After a day or so I receive an email notification from the dispute department informing me that the charges were accurate and my account is good to go so no action is taken. + +I then went through and added all of my charges up (including the roll over debt from March) and saw that the grand total of my Apple card debt totaled up to $5116.12 (before payments) to date. Now, assuming that the $2000 payment that I made and later cancelled never happened, in addition to the two individual $1000 payment, my debt would be $5116.12 exactly. But, that's not what happened and I did make those two separate $1000 payments. My debt should be $3116.12 exactly. + +What can I do at this point? Goldman Sachs is refusing to fix this $2,000 charge even though the numbers do not make sense at all and I am being double charged! The only way these number make sense is if my debt was $7116.12, then those two $1,000 payment would have brought it down to $5116.12. + +What can I do? + +Thank you all in advance. + +TLDL: I cancelled a $2000 credit card payment on the 7th of April and had it reversed. Five days later I was charged an additional $2000 for that same exact transaction. Goldman Sachs refuses to fix this issue. + +Update: After speaking with my bank, it appears as though Apple tried to withdraw an additional $2,000 the next day after I cancelled the previous payment and was issued a refund. Perhaps this is where the problem is? + +Edit: Typo +[LINK](https://www.cnbc.com/2019/02/21/kraft-heinz-tanks-after-disclosing-it-was-subpoenaed-by-sec-over-accounting-policies.html) + +Terrible earnings and the dividend cut really speaks to the struggles that brand name companies are having. + +I think it's interesting that these long term safe haven names don't seem so safe anymore. You used to be able to count on these guys to be safe dividend payers in good times and bad but it's been a struggle lately. Of course, KHC is more leveraged than a lot of the others but it's still an interesting strategy. + +The other part that is worrisome is this from the earnings report "the Company recorded non-cash impairment charges of $15.4 billion to lower the carrying amount of goodwill in certain reporting units, primarily U.S. Refrigerated and Canada Retail, and certain intangible assets, primarily the Kraft and Oscar Mayer trademarks." + +That's a big impairment charge to some big brand names. + +I wonder how Buffet feels about this unless he's just taking it private eventually. +📲 Telegram: + +https://t.me/gamerdogebsc + +Stealth launching on Bsc Network + +Welcome to Gamer Doge... + +missing out on all the Doge hype? + +don't miss out on Gamer Doge + +🥞 Available on PancakeSwap soon.. + +Gamer Doge is a Token created for Doge and Game lovers + +Gamer Doge will be the next 1000x Token, and that's not where we are stopping. NO! + +We are taking the Gaming world by storm! + +Lets bring Gaming MEMEs and Cryptocurrency together + +A dedicated team, a true vision and a passionate drive. + +so you can read more about us and see what's in store for + +the rest of 2021.. + +Milestone Announcements: + +50k - Whitepaper + +100k - Audit starts + +250k - Dev is doxxing! + +500k - Giveaways announced and start + +1mil - Live stream Airdrops for Giveaway winners + +🌍 Website: + +https://www.gamerdogebsc.com/ + +🔵 Twitter: + +https://twitter.com/GamerDogeBsc + +📝 Instagram: + +https://www.instagram.com/gamerdogebsc/ + +Tokenomics: + +Total Supply 1,000,000,000,000,000 + +50% Burned + +4% redistributed + +3% auto added to Liquidity + +2% Marketing Wallet + +1% burned forever +Just venting my frustration with the current US tax law in hopes that, maybe, we can some how begin a movement big enough to change it. + +It's so frustrating that some of us have to liquidate a part of our current investment holdings, and thus, lowering our overall future ROI, just so we can pay someone who risked none of his own money his share of the pie. + +I am all for paying taxes. It's only right that we pay for the safety and conveniences that our country have given us, but taxing crypto to crypto transactions is just stealing. Crypto to crypto transactions is not capital gains! We should not treat crypto gains like fiat gains because we simply can't walk into a convenient store and make a purchase with the majority of cryptocurrencies that are currently available on the market. It should still be considered within the realm of a long term investments holdings until we cash out to fiat. It's only fair that we're taxed, only, when we cash out to fiat and into our bank accounts where we can actually spend it . Until then, it shouldn't be taxed at all! + +It's frustrating because some of us have yet have the privilege to enjoy our investments in its fiat form, and here we are selling off some of our holdings, cutting into our future overall ROI, putting our dreams on hold, just so we can pay Uncle Sam his share of our hard earned money on a risk that we, ourselves, took. It's wrong on so many level. The US government should reconsider only taxing cryptocurrency investments after it gets liquidated into it's fiat form and into our bank accounts where it'll be spent as part of our income. Until then, Uncle Sam is just being a bully, and what we're sacrificing to pay this bully is just BS. We're giving you your fair share of the pie, Uncle Sam! All we ask is to be fair to us in return, too, please! + +P.S. I think crypto to crypto transactions should still be considered as a long term investment hold since we're not able to spend it like income. +Hello /r/UKPersonalFinance, + +Long time lurker/minimum contributor to this subreddit. We're used to seeing people in their early/mid 20's posting what they're going to do with their 60k salaries and 100k savings so I thought it'd be nice to talk about somebody with very average/late salary progression who follows the standard rules of finance. I've defined these as: + +* Don't spend more than you earn. + +* Understand how pensions work, learn to invest and appreciate the benefits of compound interest. + +* Know when/where to budget and when/where to enjoy yourself - money and mental health are linked. + +* All praise the flowchart. + +Let's get into this. + +**About me** + +I'm a bloke in my early 30's who has been based in the North of England pretty much their entire life. I'm married with no kids and currently looking to buy a house. I'm in the fortunate position of renting in a family owned property. My wife does not work. + +My current financial stats: + +* £14k in Premium bonds - this was a gift from my dad for a house deposit. + +* £8k in a LISA - this was part of the gift from my dad, partly of my own savings for a house deposit. This is £10k with government contribution. + +* £7.5k in a S&S ISA - I have had this for around 2 years now. + +* ~£30k in pension. + +* £41k salary, 6% matched pension. I have recently transitioned into the tech industry. + +**How long I've worked for** + +Despite being in my early 30's, I've only worked for 5 years after university. I repeated a year in Sixth Form which added on a year, spent ~2 years getting my Masters instead of 1, and another 1.5 years working abroad/going on holiday/being unemployed/generally having a mid life crisis. + +The sectors I've worked in have primarily been in the chemical sector and now I work in the tech space, specifically for financial services. + +**Salary progression of an average bloke** + +* ~£16k @ 22 with a BSc, no experience. + +* ~£22k @ 24/25 with a Masters. Worked here for ~1 year. + +* ~£24k @ 25/26. Worked here for ~2 years + +* Mid life crisis in Asia @ 28. Worked here for ~6 months. + +* Unemployed/bumming about for 6 months. I saw more of that side of the world during the midlife crisis. + +* Back in the UK, ~£33k @ 29/30. Worked here for ~2 years. + +* Contract ended @ 31/32 during the pandemic. Taught myself how to program. Unemployed for 6 months. + +* Offered new role recently. £41k @ 32. + +**What I'd change if I went back in time** + +Learning about pensions is definitely something I wish I did sooner. I'd always max out employer contributions at a young age. + +I also wish I started investing earlier instead of making bad financial decisions with extra cash e.g. buying a literal brand new car (as in zero miles). I was lucky though as I managed to part-ex said car for more than what was left on the loan. Would not do that again purely from all the stress after discovering the very meaning of depreciation in the worst way possible. + +**What I'm working on in the future** + +The plan was to essentially survive the pandemic, financially and literally. Once that's done, I look forward to buying a house and hopefully starting a family in the near future. It's been depressing dipping into the house deposit to afford food and heating and I've genuinely felt like a failure the past half year. It's a huge relief to be able to look forward and start saving again. + +In terms of mental health, my new job allows me to work remotely and I plan on spending more time exercising, seeing my (slowly) ageing parents, and more quality time with my partner. One thing I've realised over the past 6 months of unemployment is I'm extremely insecure about my salary and I can be overly paranoid making small financial decisions. These are things I aspire to improve on over the next 12 months and hopefully feel satisfied knowing that in the North of England, £40k+ is a great salary and that higher salaries come with higher hours (generally). + +In terms of finances, carry on pushing money into the S&S ISA and maybe increase my pension contributions. + +**Conclusions** + +Being realistic, I think I do great for my current location and age although completely get that it's hard to feel like that sometimes, especially in this sub where there are some definite 1% earners in here. In terms of ambition, I think I'd stop chasing money if I had a salary of ~£60k and remained in Northern England although often wonder if I would once I hit that milestone. + +Lastly, I'd like to say thank you to the community for all of their wisdom and hope this post was a little more relatable than the posts we see and make us feel a little sad about our own progress. + +I don't think there will be many, but I'll answer any questions I can. + +EDIT: + +Can totally understand a lot of the critical comments. This will most likely feed back into what I mentioned about insecurity about my own financial situation and something I'm looking to change. The responses are a clear indicator that I really am doing much better than I think I'm doing and I'm entitled in thinking that I'm an average person when I'm clearly not. So, thank you to everybody who responded. +This sub is intended to be a safe place for the respectful discussion of stonks , DD, etc. + +Please familiarize yourself with the rules of this sub before posting. Here are some general rules: + +* Do not ❌ harass other users. We may be apes 🦍, but let's be civilized apes 🦍. We can disagree with one another, but let's do so respectfully. Remember the golden rule. +* Do not ❌ attempt to manipulate the market. Remember, none of this is financial advice. There is no ❌ "we" when it comes to the purchasing and selling of stocks; every ape 🦍 acts on their own. +* Do not ❌ post FUD (Fear, Uncertainty, Doubt). If you feel the need to make these types of posts, please do so elsewhere. We want this sub to be a place for positive discussion, support, and memes, so please leave the negativity at the door. +* Do not ❌ share positions. This is a hotly debated issue, but in the case of shills / bots collecting data and spammers, sharing positions makes apes a target. Sure, hedgies may already have this information, but why make their lives easier? If you want to share percentages, that's okay, but please refrain from posting number of shares or average cost. We can applaud each other without knowing exactly how much everyone has invested at what position. +* If another user violates the rules, help us 🤝help you and report it. Do not ❌ contact the mods directly. Do not ❌ tag us in posts / comments. **Report the post and we will address it**. If reporting does not solve the problem, contact us by modmail. + +All that being said, welcome to the sub! Look around, share some memes, read some DD, and remember, above all else, keep it classy. + +As for me personally, I like the stock. I am not ❌ a cat 🐱, nor a financial advisor. I am an ape 🦍 with diamond hands 💎🙌 who enjoys eating crayons 🖍, dip 〽️, bananas 🍌, and tendies. + +💎🙌🦍🚀🌕 +These YouTube ‘celebs’ are working hard to capitalize on the MOASS. They don’t care about you or anyone, they are no different than Ken and his goons where money in their pocket is all that matters and all at the expense of others. The more for them, the better they say. + +The fact that they are prepared to dance by hosting the festival when millions of people will end up on the streets from the MOASS because they lost their jobs is disgusting to say the least. There will be suicides. We know this from 2008. If they have not been bought out already, they definitely can and will be bought out when we are in the middle of the MOASS. That jeopardizes everything apes have worked for. + +If we can’t ban them here, then at least on an individual level, hit them where it hurts— their wallets by unsubscribing to all their propaganda shit and don’t share their content here. + +They are scum. Apes don’t fucking dance! +Guten Tag to this global band of Apes! 👋🦍 + +As we close out another week in the GME saga, it will certainly be a memorable one in the grand scheme of things. While I was watching the incredible upward momentum that GME enjoyed yesterday, I couldn't help but notice that I wasn't *feeling* the nearly 9% rise the same way I would have even a few months ago. The plain visibility of how the rich and powerful people of this world have so much capacity to make things butter but choose to do otherwise makes me want the MOASS more than ever, if only to upend their little game and put far more wealth and power into the hands of those who *will* change the world for the better. + +So as these events add stressors to the markets that the SHFs may not be able to squeeze another day from, let's remember the fundamentals of what has brought us to this point. The markets are rigged against Retail, a fact which the SHFs expected to be able to use to profit wildly by killing GameStop. They did not kill GameStop; in fact, it is stronger than ever before. Apes caught them red-handed and are HODLing enough shares with Diamantenhände to make closing their short positions impossible. Each share that is DRS'd increases the pressure on the SHFs as they will soon be unable to conceal their aggressive naked shorting. When they are forced to begin closing their short positions, they will need to buy from Apes who *will not sell*, and it will be an epic squeeze that will lead to structural reforms of the market. All we have to do to achieve this is to HODL one of the greatest technology growth companies around. + +Today is Friday, February 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: **$120.31 / 107,78 €** *(volume: 1870)* +- 🟩 115 minutes in: $120.13 / 107,61 € *(volume: 1654)* +- 🟥 110 minutes in: $119.71 / 107,24 € *(volume: 1474)* +- 🟥 105 minutes in: $119.97 / 107,47 € *(volume: 1156)* +- 🟥 100 minutes in: $120.83 / 108,24 € *(volume: 1005)* +- ⬜ 95 minutes in: $120.84 / 108,25 € *(volume: 1005)* +- 🟩 90 minutes in: $120.84 / 108,25 € *(volume: 1002)* +- ⬜ 85 minutes in: $120.83 / 108,24 € *(volume: 999)* +- 🟩 80 minutes in: $120.83 / 108,24 € *(volume: 990)* +- 🟩 75 minutes in: $120.67 / 108,10 € *(volume: 990)* +- 🟥 70 minutes in: $120.37 / 107,82 € *(volume: 964)* +- 🟥 65 minutes in: $121.03 / 108,42 € *(volume: 833)* +- 🟥 60 minutes in: $122.85 / 110,05 € *(volume: 679)* +- 🟥 55 minutes in: $122.86 / 110,06 € *(volume: 549)* +- 🟥 50 minutes in: $122.96 / 110,15 € *(volume: 444)* +- 🟥 45 minutes in: $123.10 / 110,28 € *(volume: 372)* +- 🟥 40 minutes in: $123.16 / 110,33 € *(volume: 372)* +- 🟩 35 minutes in: $123.18 / 110,35 € *(volume: 338)* +- 🟩 30 minutes in: $123.13 / 110,30 € *(volume: 329)* +- 🟩 25 minutes in: $123.10 / 110,28 € *(volume: 293)* +- 🟥 20 minutes in: $123.04 / 110,22 € *(volume: 230)* +- 🟩 15 minutes in: $123.18 / 110,35 € *(volume: 230)* +- ⬜ 10 minutes in: $123.06 / 110,24 € *(volume: 193)* +- 🟥 5 minutes in: $123.06 / 110,24 € *(volume: 173)* +- 🟥 0 minutes in: $123.10 / 110,28 € *(volume: 13)* +- 🟩 US close price: $124.58 / 111,60 € *($123.25 / 110,41 € 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 1.1163. 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! +AMC currently up 60% last 5days. +GME currently up 40% last 5days. + +I’m just curious to see what’s everyone exit strategy? I’ve seen a high open interest for 35c 40c for AMC and 350c 400c for GME in July. + +Or are you just riding the the fomo wave until we bankrupt one of these hedge funds.. +Just taking a glance at the daily chart over the last year+, I always felt that GME had *way* more noticeably large top-wicks compared to most other tickers. [For those who need a refresher on candlesticks](https://www.xtremetrading.net/wp-content/uploads/2018/09/stock-candlesticks-explained-learn-candle-charts-in-10-minutes.jpg), this would simply indicate that the stock had a high price throughout the day that is farther away from where the stock ended up closing. + +So I decided to see if this had any credence. I'm not great with automating this type of thing, so I'm sure there's a more efficient method, but I dug through the daily prices of 15 random tickers from my watchlist, and calculated the average percent difference in price between a days' high price and the eventual closing price. These averages are from every trading day between the start of 2021 through yesterday, 8/8/22. + +&#x200B; + +|**Ticker**|**Avg % difference between daily high and closing price**| +|:-|:-| +|GME|6.97| +|popcorn|6.18| +|REV|4.87| +|BBBY|4.72| +|HOOD|3.79| +|MRNA|3.14| +|SHOP|2.84| +|TSLA|2.53| +|NVDA|2.03| +|NFLX|1.66| +|META|1.57| +|AMZN|1.37| +|BAC|1.23| +|AAPL|1.10| +|MSFT|1.00| + +&#x200B; + +Hmmm, can you think of anything that those tickers at the top might have in common? Like perhaps they may be wrapped together in some sort of basket to be shorted into oblivion? Even REV recently had a small squeeze after being approved for a bankruptcy loan. And yet again, my beloved stonk is the unicorn leading the pack. + +Yes, I do realize that this may just be an indirect way of measuring volatility, and that some outliers may throw off the data a bit. But even if I only go back one calendar year (thereby eliminating the big sneezes from the sample size), GME still averages a 4.69% drop from it's high price *every single day*. + +This isn't groundbreaking DD by any means, but numbers are the only entity involved in this saga that won't lie to us, so I think it's important to poke and prod and see what they have to say. And these seem to show someone battling to keep this thing grounded for close. Love when the numbers tell me how fucked the hedgies are. + +**TL;DR** \-- Since the start of 2021, GME averages a 6.97% drop from it's daily high to closing price every single day, which is significantly larger than the 2.02% average drop of the 10 non-basket stocks I parsed. +Has the australian housing market ever fallen in the past 20 years ? + +I couldnt find any data as to what happened in 2008 to the Sydney housing market at the time of the GFC and hence wanted to know other peoples views ? + +Does a decline in credit availability cause any change in property prices ? +A Ferrari stops and a smiling young man gets off. +Everything he wears radiates "rich". +Everything cries "show off". +Yet this is exactly the point. +He is coming to the camera, Fake smile of "success" still on his lips, and starts talking: +"You know. I was poor (like you losers). But it didn't stoped me from trying. And you shouldn't too. Stop nagging and start trying. I am here for you guys! (Yes. It is pure altruism which drives these guys)." + + + + + + + + + + + + + + + + + +He even gives away the first dose of his magical "be rich in a month" telegram channel for free. Just like my old neighborhood's dealer. Only what that dealer has sold actually worked. His magical channel gives 10 or more "buy" signal per day which "magically" around 50% of which turns out to be true! But hey! "What is with all negativity?" he tells his followers on Instagram. And god there are so many of them. + + + + + + + + + + + + + + + + +The "premium" version of his telegram channel has around 100k members. Each paying around 20$ per month for subscription. Which means 2 million dollar per month just from his telegram subscribers. but that's not the only method of income crypto influencers have. +He just need to say "buy (put a random shotcoin in here)" and that shitcoin will indeed goes "to the moon", Usually for few days or week before everyone panic sells. Those who made a quick buck will worship him even more and those who didn't, well, they should grow the fuck up and "understand that it is all a part of the road to success". He is not lying tho. It is all a part of the road to success, his road. + + + + + + + + + + + + + + + + +Now think about the above scenario. +Not only he can buy that coin before the pump and sell at the top, he (like most influencers) can charge a tone of money for advocating that same coin. Two birds with one stone if I ever saw one. + + + + + + + + + + + + + + + +With that kind of cash flow, famous crypto influencers can afford an extremely luxurious and joyful life and all they need to do is to show it off on social media to attract even more cluless victims. That's why they love to show off their wealth so much. The message is clear. +"You can be a winner too! You just need to follow my model." +It is a dream comes true for them. A dream which spells nightmare for thousands. + + + + + + + + + + + + + + +I always hated influencers. They are champions of a system who triumphs on making people hate themselves and their life. A system made on top of people insecurities to sell them more and more junk they don't need. Everything about them is fake, everything fabricated. Body, face, smile and even happiness and love. +But crypto influencers are even worst. Not only they do all the things that usual social media influencers are doing, They are literally using ponzi schemes in broad daylight to rob people who trusted them. + + + + + + + + + + + + + + +Tldr: fuck crypto influencers. They are even worst then Kardashians. +A Ferrari stops and a smiling young man gets off. +Everything he wears radiates "rich". +Everything cries "show off". +Yet this is exactly the point. +He is coming to the camera, Fake smile of "success" still on his lips, and starts talking: +"You know. I was poor (like you losers). But it didn't stoped me from trying. And you shouldn't too. Stop nagging and start trying. I am here for you guys! (Yes. It is pure altruism which drives these guys)." + + + + + + + + + + + + + + + + + +He even gives away the first dose of his magical "be rich in a month" telegram channel for free. Just like my old neighborhood's dealer. Only what that dealer has sold actually worked. His magical channel gives 10 or more "buy" signal per day which "magically" around 50% of which turns out to be true! But hey! "What is with all negativity?" he tells his followers on Instagram. And god there are so many of them. + + + + + + + + + + + + + + + + +The "premium" version of his telegram channel has around 100k members. Each paying around 20$ per month for subscription. Which means 2 million dollar per month just from his telegram subscribers. but that's not the only method of income crypto influencers have. +He just need to say "buy (put a random shotcoin in here)" and that shitcoin will indeed goes "to the moon", Usually for few days or week before everyone panic sells. Those who made a quick buck will worship him even more and those who didn't, well, they should grow the fuck up and "understand that it is all a part of the road to success". He is not lying tho. It is all a part of the road to success, his road. + + + + + + + + + + + + + + + + +Now think about the above scenario. +Not only he can buy that coin before the pump and sell at the top, he (like most influencers) can charge a tone of money for advocating that same coin. Two birds with one stone if I ever saw one. + + + + + + + + + + + + + + + +With that kind of cash flow, famous crypto influencers can afford an extremely luxurious and joyful life and all they need to do is to show it off on social media to attract even more cluless victims. That's why they love to show off their wealth so much. The message is clear. +"You can be a winner too! You just need to follow my model." +It is a dream comes true for them. A dream which spells nightmare for thousands. + + + + + + + + + + + + + + +I always hated influencers. They are champions of a system who triumphs on making people hate themselves and their life. A system made on top of people insecurities to sell them more and more junk they don't need. Everything about them is fake, everything fabricated. Body, face, smile and even happiness and love. +But crypto influencers are even worst. Not only they do all the things that usual social media influencers are doing, They are literally using ponzi schemes in broad daylight to rob people who trusted them. + + + + + + + + + + + + + + +Tldr: fuck crypto influencers. They are even worst then Kardashians. +Compared to altcoins, Bitcoin’s sidechain/layer2 functionality has more community, competition, tech, people, capital, flexibility. + +And it is here today. + +* There is Lighting of course with near instant transactions and near zero fees at any scale. + +* There are fully anonymous transactions via [ZeroLink](https://medium.com/@nopara73/introducing-zerolink-the-bitcoin-fungibility-framework-dc5338086198) and [TumbleBit](http://cs-people.bu.edu/heilman/tumblebit/) + +* Smart contracts and instant payment via [RSK](https://www.rsk.co/) + +* Near instant and confidential trading between exchanges via [Liquid]( https://blockstream.com/liquid/) + +And much more underway now...and this is still just the dawn...not even sidechain gen1...just the sunrise. + +[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 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 + +# 🟣 [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! + +# 🥢 [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) + +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 user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hello everyone happy holidays. + +A lot of information on this subreddit is American based which is always handy but I just wanted to share my dividend Portfolio for the UK to maybe help others in the future. + +GSK: 1,4,7,10. yield > 5%. + +Greencoat UK Wind: 2, 5, 8, 11. Yield > 5%. + +Invesco Perpetual UK: 3,6,9,12. Yield < 4%. + + +Grid: 1,8. Yield > 5% . + +M&G: 5,9 Yield > 5%. + +L&G: 6,9. Yield > 5%. + +BAE systems: 6,12. Yield < 5%. + + +The average yield ends up being around 6% or so. +Dividend payment dates cover the whole year which is nice. I screened all of the companies and their dividend has been increasing as well as the stock for most of them (exception applies to GSK in terms of growth in this case). + +Simple portfolio but it covers quite a few industries and it's quite good for steady dividends in the UK for your ISA. + +Thanks everyone. + +Edit: I forgot to add Rio Tinto to the list which is a great company. + +Other great UK dividend stocks are: Diageo and Unilever. +First of all i'm Italian, so sorry for my english mistake in advance. + +I see liltte bit of lack of content of this beautiful subreddit, and a lot of beginner. So i want to share with you one of my portfolio so you can have different vision of an "european" idea of dividend portfolio. I'am a full trader for 10 year now and this portfolio it's 3 year old + +Tax here work different and very bad i pay 26% plus 15%, terrible 37% but better have some dividend than nothig. + +The idea of this portfolio is to have a cashflow every month + +3M COMPANY + +ABBVIE-WI + +ALTRIA GROUP + +AT&T + +CANADIAN NATL RAILWAY + +CATERPILLAR INC + +EXXON MOBIL + +FRANKLIN RES + +INTEL CORP + +KIMBERLY-CLARK + +KONINKLIJKE DSM + +OCCIDENTAL PETE + +OCCIDENTAL PETROLEUM EQY WARRANT + +PPL CORP + +REALTY INCOME + +RIO TINTO + +W.P. CAREY REIT + +AZIMUT + +ENEL + +EVONIK INDUSTRIES + +FAURECIA + +FIERA MILANO + +INTESA SANPAOLO + +STELLANTIS + +and a little bit of explanation + +\-3M COMPANY: Solid company, aristocrat dividend, had couple of bad year, and bad manager but "safe" dividend, not expecting rising of dividend double digit at all, waiting for better manager to fix their position + +ABBVIE-WI: Solid company, aristocrat dividend, to me one of the best company in market + +ALTRIA GROUP: Nothing to add of all the topic and comment written in this subreddit. I am one that think that they can afford to pay this juicy dividend. Btw i bought at 39,56 in 2020 so i'm up 20%, and i got 6,30% NET in dividend till now, for this reason i'm feeling safe, i just need other 2 year of dividend and to stay at this price. And still there is hope in JUUL + +AT&T: Bad company, got attracted for the high dividend and for the solid cash flow.Im' down 20%, scared from the split, the cut of dividend, bad managers. I will keep it just because this portafolio it's a buy'n'hold and because there is an hope for the streaming to make some money. Let's see what will happen + +CANADIAN NATL RAILWAY: Solid company, i bought it maybe a little bit to high, very good managers, good chance for double digit rising of dividend, strong position in the market + +CATERPILLAR INC: They are leader, strong aristocrat dividend, defensive title, up 50% nothing to add + +EXXON MOBIL: I don't know how is the narrative there in US, but here in EU it's all green energy, green here green there. I don't belive there will be any change soon, prepare for the rise of the dividend in november. + +FRANKLIN RES: Solid company, aristocrat dividend, high yeld, i put in portafolio for their exposition in the indian market that i like it + +INTEL CORP: Solid company, bad managers. I know that they are losing share of the market, but still they are leader, i think that the dividend is still solid, and they have time to fill the gap(same thought of IBM, they are too big to cut dividend, and btw we are here not for the growth stocks) . + +KIMBERLY-CLARK: Solid company, aristocrats dividend, not bad, not terrible. + +KONINKLIJKE DSM: Solid company, the problem with european stocks is that there is no culture of constant rising. For example this year was great, but no rise of dividend. But never the less i'm, 117% up, so i will patiently, wait for the rise. + +OCCIDENTAL PETE: Bought before covid hit, now dividend is 4 cent. Losing 40%. To avoid + +OCCIDENTAL PETROLEUM EQY WARRANT: OCCIDENTAL PETROLEUM gave to all stock holder last year if i remember rigth. + +PPL CORP: Solid company, bought it because i think it will arrive soon to be aristoctats. But they sold UK division. I wait to see if there will be cut or not. But still thinking its a good buy + +REALTY INCOME: also here nothing to add of all the topic and comment written in this subreddit. + +RIO TINTO: One of the best in my portfolio, im up 50% and RIO is giving high dividen every year (or at least they try), so the 9% that you see for me its almost 15%! 3 year of dividend for a total 22% NET till now and im waiting september for other 3%! + +W.P. CAREY REIT: Like the idea, high yield, good managers + +AZIMUT: Italian stock, one of the best in my portfolio, i bought 3 year ago when it was 12,4 euro. Now it's 23 euro. 3 year and i got 3,2 euro back of dividend for a 19% return till now. I'm expecting 1 euro minimum also next year + +ENEL: Italian stock, energy. leader in Italian market. i bought it when it was 5 euro, now it's almost 8. + +EVONIK INDUSTRIES: German stock, chemestry, REIT and energy, good dividend, strong dividend history. + +FAURECIA: Got it after a fusion between FIAT and PEUGEOT, looks very interesting, i keep it + +FIERA MILANO: I'm italian from Milano, i bought just because for me Milano is going to be one of the best european city, most for proud. Small cup, small capitalization. Got hit hard for the covid, last year no dividend. It the fair of Milano + +INTESA SANPAOLO: Italian stock, bank, first in italy and top 10 in europe, high dividend but not constant at all. + +STELLANTIS: Fusion between FIAT and PEUGEOT, they are making car. I got lucky because for this merge i got 3 special dividend. + +Waiting list are this 2: Digital Realty and Legal & General Group . + +All what i wrote is just IMHO IMHO IMHO. Hope you like it. Comment and opinion are welcome +Hello everyone happy holidays. + +A lot of information on this subreddit is American based which is always handy but I just wanted to share my dividend Portfolio for the UK to maybe help others in the future. + +GSK: 1,4,7,10. yield > 5%. + +Greencoat UK Wind: 2, 5, 8, 11. Yield > 5%. + +Invesco Perpetual UK: 3,6,9,12. Yield < 4%. + + +Grid: 1,8. Yield > 5% . + +M&G: 5,9 Yield > 5%. + +L&G: 6,9. Yield > 5%. + +BAE systems: 6,12. Yield < 5%. + + +The average yield ends up being around 6% or so. +Dividend payment dates cover the whole year which is nice. I screened all of the companies and their dividend has been increasing as well as the stock for most of them (exception applies to GSK in terms of growth in this case). + +Simple portfolio but it covers quite a few industries and it's quite good for steady dividends in the UK for your ISA. + +Thanks everyone. + +Edit: I forgot to add Rio Tinto to the list which is a great company. + +Other great UK dividend stocks are: Diageo and Unilever. +First of all i'm Italian, so sorry for my english mistake in advance. + +I see liltte bit of lack of content of this beautiful subreddit, and a lot of beginner. So i want to share with you one of my portfolio so you can have different vision of an "european" idea of dividend portfolio. I'am a full trader for 10 year now and this portfolio it's 3 year old + +Tax here work different and very bad i pay 26% plus 15%, terrible 37% but better have some dividend than nothig. + +The idea of this portfolio is to have a cashflow every month + +3M COMPANY + +ABBVIE-WI + +ALTRIA GROUP + +AT&T + +CANADIAN NATL RAILWAY + +CATERPILLAR INC + +EXXON MOBIL + +FRANKLIN RES + +INTEL CORP + +KIMBERLY-CLARK + +KONINKLIJKE DSM + +OCCIDENTAL PETE + +OCCIDENTAL PETROLEUM EQY WARRANT + +PPL CORP + +REALTY INCOME + +RIO TINTO + +W.P. CAREY REIT + +AZIMUT + +ENEL + +EVONIK INDUSTRIES + +FAURECIA + +FIERA MILANO + +INTESA SANPAOLO + +STELLANTIS + +and a little bit of explanation + +\-3M COMPANY: Solid company, aristocrat dividend, had couple of bad year, and bad manager but "safe" dividend, not expecting rising of dividend double digit at all, waiting for better manager to fix their position + +ABBVIE-WI: Solid company, aristocrat dividend, to me one of the best company in market + +ALTRIA GROUP: Nothing to add of all the topic and comment written in this subreddit. I am one that think that they can afford to pay this juicy dividend. Btw i bought at 39,56 in 2020 so i'm up 20%, and i got 6,30% NET in dividend till now, for this reason i'm feeling safe, i just need other 2 year of dividend and to stay at this price. And still there is hope in JUUL + +AT&T: Bad company, got attracted for the high dividend and for the solid cash flow.Im' down 20%, scared from the split, the cut of dividend, bad managers. I will keep it just because this portafolio it's a buy'n'hold and because there is an hope for the streaming to make some money. Let's see what will happen + +CANADIAN NATL RAILWAY: Solid company, i bought it maybe a little bit to high, very good managers, good chance for double digit rising of dividend, strong position in the market + +CATERPILLAR INC: They are leader, strong aristocrat dividend, defensive title, up 50% nothing to add + +EXXON MOBIL: I don't know how is the narrative there in US, but here in EU it's all green energy, green here green there. I don't belive there will be any change soon, prepare for the rise of the dividend in november. + +FRANKLIN RES: Solid company, aristocrat dividend, high yeld, i put in portafolio for their exposition in the indian market that i like it + +INTEL CORP: Solid company, bad managers. I know that they are losing share of the market, but still they are leader, i think that the dividend is still solid, and they have time to fill the gap(same thought of IBM, they are too big to cut dividend, and btw we are here not for the growth stocks) . + +KIMBERLY-CLARK: Solid company, aristocrats dividend, not bad, not terrible. + +KONINKLIJKE DSM: Solid company, the problem with european stocks is that there is no culture of constant rising. For example this year was great, but no rise of dividend. But never the less i'm, 117% up, so i will patiently, wait for the rise. + +OCCIDENTAL PETE: Bought before covid hit, now dividend is 4 cent. Losing 40%. To avoid + +OCCIDENTAL PETROLEUM EQY WARRANT: OCCIDENTAL PETROLEUM gave to all stock holder last year if i remember rigth. + +PPL CORP: Solid company, bought it because i think it will arrive soon to be aristoctats. But they sold UK division. I wait to see if there will be cut or not. But still thinking its a good buy + +REALTY INCOME: also here nothing to add of all the topic and comment written in this subreddit. + +RIO TINTO: One of the best in my portfolio, im up 50% and RIO is giving high dividen every year (or at least they try), so the 9% that you see for me its almost 15%! 3 year of dividend for a total 22% NET till now and im waiting september for other 3%! + +W.P. CAREY REIT: Like the idea, high yield, good managers + +AZIMUT: Italian stock, one of the best in my portfolio, i bought 3 year ago when it was 12,4 euro. Now it's 23 euro. 3 year and i got 3,2 euro back of dividend for a 19% return till now. I'm expecting 1 euro minimum also next year + +ENEL: Italian stock, energy. leader in Italian market. i bought it when it was 5 euro, now it's almost 8. + +EVONIK INDUSTRIES: German stock, chemestry, REIT and energy, good dividend, strong dividend history. + +FAURECIA: Got it after a fusion between FIAT and PEUGEOT, looks very interesting, i keep it + +FIERA MILANO: I'm italian from Milano, i bought just because for me Milano is going to be one of the best european city, most for proud. Small cup, small capitalization. Got hit hard for the covid, last year no dividend. It the fair of Milano + +INTESA SANPAOLO: Italian stock, bank, first in italy and top 10 in europe, high dividend but not constant at all. + +STELLANTIS: Fusion between FIAT and PEUGEOT, they are making car. I got lucky because for this merge i got 3 special dividend. + +Waiting list are this 2: Digital Realty and Legal & General Group . + +All what i wrote is just IMHO IMHO IMHO. Hope you like it. Comment and opinion are welcome +Interested in people's opinions on a current dilemma I'm having. + +I currently pay £155 per month into a pension, 6.5&#37; of my annual salary. My employer pays in 14&#37; of my annual salary as I work for local government. I have been paying this for around 8 years so far, I don't know how long I will stay in this job. + +My dilemma - is a pension actually worth it or should I invest that money in something else? + +I worry that by the time I get to retire (I'm 33 years old at the moment, probably 68+ retirement age) I will either be dead or way too tired to enjoy this pension. + +I also worry that by the time I get to retire then the whole pension scheme will probably be worthless and i'll end up getting screwed over. + +I have seen it first hand where people who have never paid into a pension just get paid Pension Credit. It's always made me think, what's the point? + +I considered trying to cash out my payments what I've already sent (is this even possible?) and putting this into a deposit for a house to rent out. Or even just to stop my monthly payments and use that for something else? What options do I have? + +Feel free to shoot me down, but hopefully I can get some useful opinions here as i'm trying to understand this pension minefield... so please be gentle! +I’m (new) to crypto currencies. I’ve only invested money I don’t mind losing, so please don’t slaughter me haha! + +I was just wondering what the issue would be with something like this; if I had invested money into one alt coin, let’s say Dogecoin, but I notice there is a percentage decrease from the past hour, but I also notice a much higher percentage increase from say Bitcoin, could I not trade my coins for Bitcoin and ride the upward Bitcoin wave until I notice it starts to have a decrease and then just keep switching to another currency that’s on a forward momentum, calculating which has got the higher percentage increase and just trading my coins for that? So in other words, just constantly switching to coins that are doing well? + +Just wanted to ask is this a good way to stabilise or maybe even profit a tiny bit from my investment whilst I’m waiting for the original currency I want to invest in to start increasing so I can trade my currency back? Perhaps maybe even just keep trading constantly and never have one currency to stay committed to, but more just choosing those who are gaining profit at the given time? + +This might be the dumbest idea ever. I’m sure it is, it sounds to good to be true, I’m sure there’s a catch. I did think about fees, but not sure how much these fees are and if they would make a big of an impact to really make the whole idea pointless. But just wanted to ask you professionals if this is something one could do? + +Thank you! +I got my parents to make a coinbase account and we bought 100 dollars worth of Bitcoin 2 to 3 weeks ago. We tried to buy more of ethereum, but it constantly sends us the email that out bank rejected the transaction. My parents are using their regular credit card, and I'm aware that something changed with the credit card purchases and there's an additional cash fee but I just want to know if there is a better crypto exchange that we should be using? It's really just for fun but I would rather be able to make transactions when I want... Is coinbase going to start letting credit card transactions back thru now? Really if anybody has some ideas or advice I would appreciate it. I want to get more cryptocurrency to start trading on a site like binance, but it's not really worth it with what we have now. +We should seriously cut the xxx crap. There is no need for that. xxx ape is not superior to x ape. + +Also it opens up a weakness by trying to separate us by the amount of shares that we have into different groups. + +We all apes, and we love all apes. + +Apes remember, BUY HOLD VOTE!! Infinity floor! + +69 + +💎🙌🦍🚀🚀🚀🚀🚀🌑 + +Edit 1: after reading all your comments, its amazing how diverse opinions are. There is no right or wrong answer. and i have been more educated on all your different POVs. Which brings me to … + +Freedom of speech is above everything. Ape dont tell apes what to do. Apes might recommend and comment, but never enforce. + +If you want to say you are a xxx holders, its your right and nobody should criticize you for that. Just being aware of the situation is good enough. + +All apes are created equal. Some just have more shares than others. + +Peace and enjoy your week. Exciting times! +Has anyone ever used this FIRE calculator [https://calculator.ficalc.app/](https://calculator.ficalc.app/) ? In the past I have used cFIREsim but this one seems to explain the different withdrawal strategies better. + +Just working up the courage to pull chocks. +https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2019/11/04/warren-buffett-has-128-billion-in-cash-to-burn.html?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCKAE%3D#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2Famp%2F2019%2F11%2F04%2Fwarren-buffett-has-128-billion-in-cash-to-burn.html%23referrer%3Dhttps%253A%252F%252Fwww.google.com%26amp_tf%3DFrom%2520%25251%2524s + +Thoughts or opinions on what his plan might be? Also, are you holding BRK? +Are you ready for the next bull market? + +I think we're getting close to the bottom. If we haven't seen it now, then definitely by October. Then: + +2019: We'll see a solid climb of 100% from bottom. + +2020: We'll see another parabolic run-up. + +What this means is right now, and probably for the next 6-12 months, you can buy ETH will minimal downside risk (there's always risk ... I believe there's less of it now). + +On January 17, I posted this, saying we were in a bear market (and got roundly downvoted). https://old.reddit.com/r/ethtrader/comments/7qrwl8/dont_kid_yourselves_this_is_a_bear_market_and_its/ + +In February, I posted this, saying we'd likely see a $200 billion market cap. https://old.reddit.com/r/ethtrader/comments/7v9fcq/wait_for_the_consolidation_phase_entire_crypto/ + +Our main problem at the moment is we don't have decentralized applications. Personally, the only decentralized app I've used is a DEX. + +However, if you still believe in a decentralized internet and dApps, then it makes sense to hold your position and to add to it if you can. + +This market will come back around. It just takes time. + +Posted this five months ago, saying recovery could take two years. +https://old.reddit.com/r/ethtrader/comments/857uv2/are_you_a_true_hodlr_market_recovery_could_take_2/ + +Will check back in a few months from now. +Are you ready for the next bull market? + +I think we're getting close to the bottom. If we haven't seen it now, then definitely by October. Then: + +2019: We'll see a solid climb of 100% from bottom. + +2020: We'll see another parabolic run-up. + +What this means is right now, and probably for the next 6-12 months, you can buy ETH will minimal downside risk (there's always risk ... I believe there's less of it now). + +On January 17, I posted this, saying we were in a bear market (and got roundly downvoted). https://old.reddit.com/r/ethtrader/comments/7qrwl8/dont_kid_yourselves_this_is_a_bear_market_and_its/ + +In February, I posted this, saying we'd likely see a $200 billion market cap. https://old.reddit.com/r/ethtrader/comments/7v9fcq/wait_for_the_consolidation_phase_entire_crypto/ + +Our main problem at the moment is we don't have decentralized applications. Personally, the only decentralized app I've used is a DEX. + +However, if you still believe in a decentralized internet and dApps, then it makes sense to hold your position and to add to it if you can. + +This market will come back around. It just takes time. + +Posted this five months ago, saying recovery could take two years. +https://old.reddit.com/r/ethtrader/comments/857uv2/are_you_a_true_hodlr_market_recovery_could_take_2/ + +Will check back in a few months from now. +I currently work 8am-5pm Monday to Friday. I would trade after work obviously. I’m developing my trading plan but can’t decide on a timeframe. + + +My trading hours would be 7-9(an hour before for pre market and an hour after for journaling). This would be the Tokyo/Sydney crossover. + + +I’ve been thinking about a scalping strategy on the 30-15 minute timeframe but I’m afraid I wouldn’t have enough time to do so. + + +I’ve also thought about trading the 1 hr or 4 hour chart but I don’t get how I would do this after work since I’d only go through 1-4 candles!? I’m stuck + +I’m looking for a good timeframe to trade after work hours. Please help! I feel as if this is holding me back. + + +Thanks! +So, i tend to post my trades on tradingview so i can look back on past trades, and many people have commented saying 'you need to wait for confirmation'. I like my trades to have a high risk reward, so i prefer precise entries and would rather take a small hit than enter a trade late. However, ever since i started learning about forex, confirmation is always mentioned. Can someone explain to me physically what confirmation is, like what are you waiting for to happen. Ill tag a screenshot of an example you can refer to. Thanks. + +&#x200B; + +heres the trade example: [https://www.tradingview.com/x/9zgm7LCr/](https://www.tradingview.com/x/9zgm7LCr/) +Hi, Im at the stressful point in my life where I have to choose a uni course. I'm learning a lot about FOREX through free information on the internet but I would also like to seek formal education as a backup. Would economics or commerce be a better degree that helps with working with FOREX in the future? +John Oliver’s main segment on tonight’s Last Week Tonight on HBO is about cryptocurrency. +He was favorable on Blockchain tech. +Not so favorable on coins like Doge and pump and dump schemes, rightfully so. +Also discussed Bitconnect, ICOs, and he gives Brock Pierce shit, which is hilarious. + +I thought it was a pretty good segment. Tell us your thoughts if you watch. + +Edit: Here’s the link to the segment! +[Last Week Tonight](https://youtu.be/g6iDZspbRMg) +I work as a new grad ICU nurse. Had some chest pains and elevated heart rate at work and eventually, towards the middle of my shift, passed out over the break room table. Got rushed to the ER. Heart was in SVT going in the 200’s. Adenosine given x3 and cardioversion didn’t stop it so I was admitted onto the cardiac ICU floor. Didn’t have any insurance with my employer yet because I was so new but in 3 days it will kick in...I stayed a week. So I have 3 days of bills not covered, including the surgery, and copayments for what is covered. + +I have since been let go of that position because I had to be admitted again for the same reason during work having another stay in cardiac ICU. I’m assuming they can get away with firing me over medical issues because I was within my first 90days. + +Both visits amount to $120k. I am still unemployed with no current insurance so I haven’t been able to get back to work still having heart issues. I was told by billing at the hospital that because I drove an hour to work every day and don’t reside in that county, the hospital can’t consider me for any ‘charity’. I can’t let this ruin my credit and my life! What suggestions does anyone have for me?? + + +[UPDATE]: Hustled over the phone for days in a row to the different billing departments related to my hospital stays and surgery (anesthesia, radiology, physicians, more imaging, lab and I think that’s it). I thought I was getting nowhere. Evidently some lovely soul I talked to filed for charity for me, in my county, not the one I was hospitalized in even, and got me approved within a week. All I kept getting over the phone were a lot of ‘No’, ‘that’s not possible’ and ‘I’m sorry you don’t qualify’ over and over. I wasn’t ever told I was going to have a chance with charity or that they were submitting it for me. I called the hospital today to verify the $120k going down to $85, noting that, hey, I wasn’t complaining, I just wanted to know what happened. She told me someone filed for a charity she’s never heard of in my county she’s never heard of. What a super awesome amazing surprise to come home to that new $85 bill!!! I can handle that, just not $120K. + +Thanks to everyone for posting helpful comments, resources, advice and ideas! Reddit is truly a wonderful thing :) +Hey all, + +Just thought I'd make a PSA out of my recent close call. I was about to buy a house in a wonderful neighborhood. The area has great schools, hardly any crime, very suburban and quiet. I'm getting excited about this house, it's the right price, great neighborhood - I want to close on this. Then, I do what my trusty real estate agent is always telling me to do - walk around the neighborhood and talk to the neighbors! This is why community is so important. I went ahead and walked around and found 2 older men that had been living in the area since the 70s. I introduced myself excitedly as I told them I was interested in the house on the corner lot. Then they both laughed and one of them said, "Oh, the meth lab?" My mouth was WIDE open covid mask, "wwhhhaaaattt?" I thought he was joking. He insisted he wasn't joking. Then I started doing research. A house that was a former meth lab is basically a chemical waste site. They can be highly toxic for years and wreck your health. The only way to fix them is basically to gut them out and treat the whole thing with even more chemicals. The house was not registered with the DEA as a former meth lab. I had to go to the local county police office and pay $1 to get phone records. Sure enough, a property management company has called the police due to suspected narcotics on property. The police show up and call for hazmat suits due to "active meth lab." INCREDIBLE. It was a mother cooking the meth actually, and her 2 sons aged 10 and 17 knew about it. Not only that, but the police tried to contact the property owner who swears that he never knew it was an active meth lab. The man had even rented it out after the lady and her kids got evicted to another family for 3 years. I'm not a lawyer, but I'm pretty sure he has a huge liability. + +Stay safe! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://bloom.bg/2s6KSUw + + +He gon go to jail(probably get away with house arrest). + +>Sarah Hassan, 27, who gave Shkreli $300,000 to invest, said she got an email at 8:13 p.m. on Sept. 9, 2012, saying she was up $135,000, a return of 45 percent. At 8:44 p.m., Shkreli sent out a second email notifying Hassan and other investors he was shutting the fund down. + +Oh, and a personal fav: + +>Shkreli claimed MSMB Capital had about $40 million of assets under management in early 2011 when Hassan made her investment. In reality, the fund had about $700 in December 2010, according to prosecutors.  + +So I've been trying to create a strategy that generates some sort of consistent monthly/annualized return. + +Basically, sell the 45DTE Iron Condor on SPX. Let's use a 0.2 delta for the put side and 0.1 on the call side and then 50pt wide wings. The spot price generally lands right in the middle of the wings offsetting any skew. 0.2delta on the put side - SPX has to dive 6% to breach the long strike here, seems pretty unlikely in these circumstances. 0.1 delta on the call side - this is as low as delta gets - the way I see it, SPX has to moon big time to breach it, so 0.1 seems like a safe bet. + +Setting up a condor like this requires around 5k of capital/BPR. It yields around 8.5 to 1.1 credit received depending on VIX levels. (8.5 around 17vix, 1.1 around 22vix). So thats $850 to $1100 max profit per condor. + +Offhand, according to tastytrade, the SPX:VIX price change ratio is -15:1 - for every 15pt drop in SPX VIX rises by 1. Assuming it takes a 275pt drop to breach my long strike, that is an 18pt increase in the VIX. Let's take it that the VIX trades at an average of 18pts. This is a 100% increase in VIX for a 275pt drop. + +My plan is to use UVXY to hedge the downside against any black swan event or market crash that would cause a breach of the put side. Assuming for a VIX rise of 100%, and UVXY is levered 150%, a 275pt drop in SPX should yield a 3x return on the UVXY. Hence, for downside protection of $4000, I need a hedge of value $1350. + +This works out to cost around $6350 (cost of opening IC + VIX), yielding a return of $487.5, assuming that we manage the trade consistently at 50% profit. This is a 7.6% return over a 30day period (let's just say that the condors are closed at 30 days and not held till expiry). Annualizing this gives a return of 91.2%. This return could potentially be higher since the hedge is "reusable", ie - it's an ETF that we bought and own and can be reused for the same strategy down the road. Consider the $1350 spent on purchasing the hedge as "insurance" - so future trades require only $5000 capital, but for convenience's sake let's take it at 6350. + +What are the drawbacks of this strategy other than SPX mooning and breaching the call side? Perhaps I might be miscalculating how the hedge works. But if this strategy works, it's as close to set and forget as I imagine. No more fussing around with small caps and using screeners to find high IV stocks. Perhaps some rolling of strikes occasionally but that's it, we can all sit on a beach with a beer and watch SPX try and breach a call side delta of 0.1. + +What are your thoughts? +Thanks ThetaGang for helping me to understand more the game and made me experience that slow and steady wins the race. Here my recent play selling WISH candies to WSB degenerates. Let's see what the Theta brings this week. + +The annual yield number is just a reference, since it is not possible to be that consistent for a year... right? + +From the drunk guy (options buyer) to the bartender (options seller/writer). + +Cheers! + +https://preview.redd.it/vwp3qbjq0i971.png?width=2560&format=png&auto=webp&s=181b9b387ce94e70c229f9ce952d6c788958fdca +Good evening everyone, + +u/Dan_Bren here Just wanted to provide you all with the daily update regarding the block trades of DEEP ITM calls that were previously happening. + +As can be seen below there were no large block trades of DEEP ITM calls bring the total to 6 out of the last 7 days without any large block purchases. + +[GME Biggest Trades 4-13-2021](https://preview.redd.it/sfgloyxjs1t61.png?width=1227&format=png&auto=webp&s=2c661aa49ad4ed79158738a3ba492bbd19ccf981) + +I just want to be clear that I'm not here to speculate on what I don't know. I just take the dataset I am presented daily and provide my best inferences to the good people of this sub. Nothing here should be taken as fact it is purely my opinion and mine alone. With that being said I think the lack of large block trades of DEEP ITM calls is very telling. + +Many have been quick to point out that this doesn't mean there are no DEEP ITM calls being purchased. This is of course true as the "Big Trade Detector" doesn't catch any trades smaller than 100-200 contracts. But let's delve into this more. If they could be making these trades in smaller chunks "off the radar" of things like this Biggest Options trades list from Fidelity why aren't they? + +For starters lets talk about risk. These large block trades of DEEP ITM calls were almost always traded in pairs. It has been surmised from some other DD posts that it is very likely that this the whoever buying and then shortly after reselling. Let's take a look at the time period over which these trades took place. + +[GME Biggest Options Trades 4-4-2021](https://preview.redd.it/e0tyatsny1t61.jpg?width=1222&format=pjpg&auto=webp&s=04c94f073c9d3cc4fd00f1fb6f593b50f86dc86a) + +The $20 and $12 calls were very likely purchased 13:22:50 and likely sold at 13:22:52 (aka 2 seconds later). Personally I have no idea of the intricacies of how these are used to reset FTD's and I'm not going to sit here and pretend to understand. What I do know is that if I was buying and reselling 100's of millions of dollars of call options on a very volatile stock I would be trying to unload these positions are quickly as possible to minimize my risk exposure. The most efficient way to do this of course is buying and selling these quickly in one large chunk and ended up on our favorite daily chart pictured above. Now you may notice that on the other set of $12 and $15 calls (probably) purchased at 13:58:05 but (likely) sold at 15:29:24. The reason for why they held them this long you may ask; I don't have a goddamn clue. I don't know if this had to do with the reset process, if they used it to further manipulate the stock, or if they just decided to be gamblers for an hour and a half. What I do know is they would've hidden these from us the whole time if they had the ability to. The disappearance of these large block trades is significant and if they are to proceed without them, this will negatively impact them in some way. + +u/Dan_Bren out. +“Anyone who analyses charts knows that we were due for a correction” + +“If you can’t handle dips, you shouldn’t be in this space” + +“BTC just dipped below the 200 day MA so get ready for a downward trend” + +“I’m smart and knew what was going to happen all along. Everyone should be like me and listen to what I say even though I was posting the exact opposite shit yesterday” + +It’s ridiculous. You didn’t know jack. It’s like kids in elementary school who say “that’s what I was gonna say” after the teacher gives the answer to the class. You’re full of it. + +This sub turns on a dime. Make the best decision for you and stick with it. Take profits or don’t but don’t rely on anyone else’s “advice” because nobody is culpable for the consequences of your actions except for you. Enjoy the dip and load up your chips! + + +Hello Peeps! This is my first post, so be gentle. + +My girlfriend has access to a financial advisor through her employer that gives general advice regarding her retirement (she's a teacher in Texas so help with her 403(b)). The advisor is with Equitable and suggested a synthetic Roth IRA and sent her an illustration that looks like a Whole Life insurance policy. I graduated with a personal finance degree and have heard of alternate retirement ideas associated because of QRP limits but nothing called a "Synthetic Roth'. Is this just a general term given to strategies for extra retirement savings outside of the current limits? + +Any help is appreciated. +My previously FIRE target was 600k but I decided I needed more. A few days ago I crossed 800k and I should be able to get into the 900k's within the next 3-4 months, possibly to 1 million if things turn out good. At that point I am going to completely quit my job as a lawyer and live in Asia for good, probably starting some part time businesses here and there. I'm 37 and can live a "luxury" lifestyle in SE Asia for around 20-25k a year. I've lived in Asia for over a year so I know it is more than possible. + +1. My overall portfolio is around 40% bonds, 60% stocks plus 20k in a savings account and 2k or so in checking accounts. 300k of my NW is in Vanguard Wellesley (VWIAX) in non-retirement accounts. Should I diversify by moving 100-200k into savings in SE Asia? For instance, in some countries here you can get 6-8% interest but of course you have to convert USD into local currency. Some countries though, like Vietnam, have relatively stable currencies and economies. If I put 200k into a local savings account bearing 7% interest I am making 14k a year guaranteed, almost paying for my entire life with just 20% of my NW. + +2. I could buy a nice luxury 2 bedroom condo in SE Asia for around 125k USD. Rent on the same place would be around $850 a month. Does it make sense to buy (assume no issues with foreigners buying property)? + +3. Am I missing anything? Before anyone mentions it, I don't want to get married. I don't want to have kids. And I don't particularly care about 30 years from now when I officially retire. I want to enjoy life right now and not have to work full time or live in the US. +If this is still bull market, the stock market will experience more short term volatility, but the medium term is bullish. + +&#x200B; + +But even if this is the start of a bear market, the stock market will make a medium term bounce soon. Bear markets don't drop in a straight line (eg see 2007, 2000, 1973, 1969) + +&#x200B; + +r/https://bullmarkets.co/stocks-continue-crash/ +As the title says, this one goes out to all the shills in the rafters. + +Any non-disclosure agreement is null and void if it is used to cover up illegal activity (such as active market manipulation). + +The SEC is offering quite handsome rewards for whistleblowers. + +Under the SEC Whistleblower Program, the SEC is required to pay awards to eligible whistleblowers who voluntarily provide the SEC with original information that leads to a successful enforcement action resulting in monetary sanctions in excess of $1 million. + +So why get paid pennies on the $ for browsing reddit spreading FUD, when you could just be browsing reddit, but in your very own mansion? + +[Would you like to know more?](https://www.sec.gov/whistleblower/frequently-asked-questions) + +Also, a hearty fuck you <3 + +💎🙌🦧🚀🚀🚀🚀🚀🚀🚀💋 +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) +Edit: State is RI, 10 year statute. + +My mom received a collection notice from AmSher Collection Services in Alabama. It's dated December 14, 2021. They were looking to collect on a T-Mobile Account from 08/18/2001, $88.11 plus $22.03 in fees - $110.14 total. + +She gave me the dispute letter yesterday, it had a "call or write to us by" date of January 18, 2022 so that we could either dispute all or part of the debt, ask for the name and address of the original creditor, or pay it. It says that if she didn't contact them they assume all the info is correct. + +I am familiar with all the cell phones/plans/companies my family has had (we've had cells since they were in carry bags and cars in the 80s) and between 1996 and now our rep was always Cingular Wireless, AT&T (or other affiliated companies that AT&T bought out). My mom never had a spare work or car phone, only a phone that was on a family plan with my dad or us. + +We've never had a T-Mobile account that I can remember because we've had the same cell phone #s on a combined bill/plan for around 20-25 years now. + +My mom has a very unique name which appears correctly and our home address on this letter is correct but not typed 100% properly. I know it's not a significant amount but I don't want to pay this if we don't owe it and I'm not sure how to handle this because of the missed contact deadline. Also, if it is correct and we do have to pay it, I don't want to pay it and then it never gets "removed from the books". + +My dad passed and I am the head of household now. We rarely get collection letters and those that have arrived are usually just pending stuff say from a car accident that gets transferred to our lawyer, or an internal collections notice from say the city if we never got a piece of mail. Need some guidance please since this is an "outside creditor". +&#x200B; + +https://preview.redd.it/5mr7epbmoju41.jpg?width=600&format=pjpg&auto=webp&s=38cdd3f969b39f6b2a89cdcada07256d19daf56c + +Etherscan: [0xFF2142E98E09b5344994F9bEB9C56C95506B9F17](https://etherscan.io/address/0xFF2142E98E09b5344994F9bEB9C56C95506B9F17) + +Permaweb: [CzITHnEIlkQw9SbaX5futCzFrKk1qe\_NwvWnIBmP2fY](https://niktb5grm22p.arweave.net/CzITHnEIlkQw9SbaX5futCzFrKk1qe_NwvWnIBmP2fY) +A quick recap for those of you who are unfamiliar with the legend: + +OptionsSellers.com was a fund that marketed itself as a money manager for mid-upper class folks (doctors, etc) using trading methods that consistently outperform the S&P500. Their strategy? **Selling naked options on crude oil and natural gas.** More specifically they were using a method called the [short strangle](https://i.imgur.com/cWMeEj8.png), selling both put and call options with a wide delta between strike prices. Using this strategy they could rake in the cheddar so long as the price does not move outside the payoff region. + +What could go wrong with this? Apparently nothing, at least for a couple years. To their credit, OptionsSellers had somehow managed to avoid a catastrophic loss event for years while selling naked options on highly volatile commodities. Their returns were so endearing that they attracted hundreds of millionaire clients from all over the country. + +But then November 2018 happened. Natural gas futures spiked tremendously and shatterd the whole fund in minutes (literally minutes). Turns out selling naked options you can't afford to cover is a very bad idea. + +Suddenly clients who had multi-million dollar accounts the day before were receiving emails about owing money. OptionsSellers wasn't answering their calls and the website went offline. They knew it was bad, but how bad? They wouldn't get to find out until [cofounder James Cordier posted this 10 minute video of himself having a mental breakdown](https://www.youtube.com/watch?v=VNYNMM0hXXY). Can you even imagine what it must be like to have to find out your account's status through an emotional snuff film starring a man who should clearly be on suicide watch? + +Their whole fund wiped out in one fell swoop. Multi-millionaires waking up to not only being broke, but also **owing** the brokerage millions of dollars. James Cordier made the biggest YOLO with other people's life savings then billed them for it. What a legend. +Throwaway here. + +I'm in my late twenties renting a studio with my girlfriend in a HCOL city here in Toronto. I make 70k a year and have about 200k saved up between an ETF, stocks, and crypto. No debt and no car. + +In the near future I may be receiving a large windfall in the form of a $800k house and cash we believe to be somewhere between 1-2mm. + +I'll be splitting the value down the middle with my father, netting me just shy of a million dollars should we sell the house. What should my next steps be, and how do I not screw this up? + +I know $1mm parked away at a 5% withdrawal rate is $50k a year which I could comfortably live off, but I'm not sure if that's the best use for the money. + +I'd like to meet with a financial advisor for some insight as to what my options could be, and would love some insight as to where should start looking. +For those of you that don't know me I'm fairly experienced in crypto (been in Bitcoin since 2010/2011) and I've had some posts here in the past that a lot of people liked, (here's one of them [here is one of them](https://www.reddit.com/r/CryptoMoonShots/comments/lw9a4b/my_1st_post_post_here_my_100x_token/) and I've decided to give you an Easter gift with what I think is another undervalued microcap gem.🙂 + +I like this subreddit a lot, *(even though most coins and tokens posted here are absolutely worthless crap)*, but I find that it's getting harder to find *truly undervalued projects* that are both decent projects **and** that haven't already gone at least 10x during the current bull run. + +**Well, I believe I might have found what is a *true microcap gem* that hasn't yet been discovered by the Youtubers or the masses, and I suspect that it's going to rocket up in price in the coming days/weeks like all other good projects are doing at the moment.** + +This is NOT a meme coin or shitcoin like the ones most posters shill in this subreddit, but rather **real project that I believe is massively undervalued** in this bull market. + +I'm talking about **Phoenix DAO - $PHNX** which looks like a truly great blockchain project that is solving a number of issues, and offers some great blockchain solutions. + +In fact PhoenixDAO already have some partnerships that can take their token at least 10x in the near future, but I'm expecting 15x to 30x or so in the coming months, mainly because **it seems that literally *NO ONE* has discovered $PHNX yet, and the market cap is incredibly low with only around 1250 wallet holders on Etherscan!** + +**As I'm writing this post the $PHNX price is $0.083 and the market cap is ONLY $4.7 million, and it should be much higher!** + +I'm not basing my 10x price prediction on *marketing hype* btw, like most of the meme coins posted here, but rather because PhoenixDAO are launching real products and creating real and valuable long-term solutions. + +I don't want to go inti great detail about everything Phoenix is doing, because I believe ***everyone should do their own research before investing in anything,*** but I'll briefly touch on some of the most important things. + +**1. PhoenixIdentity is an ERC-1484 Provider that provides on-/off-chain identity management.** + +I think everyone realizes how important decentralized identity management on the blockchain is going to be, (where you control your own online identity and decide who you want to share it with), and it seems that PhoenixDAO have a working solution for this. + +**2. Phoenix Authentication is a blockchain based 2-factor authentication protocol used to verify DeFi app logins and approve transactions using your digital identity.** + +This is basically *a better version of the Google 2-Factor Authenticator* and specifically designed for use in DeFi. + +One of the main advantages of the $PHNX solution is that the secure code never leaves your device, like it does with Google Authenticator. + +**3. Phoenix Payments** + +This is basically a smart contract based payment solution that allows two people that don't know each other to safely transact without the need to trust a 3rd party for the escrow. + +As far as I understand it, this is the ONLY thing World Token does, and they already have a much higher market cap, and yet it's just one of many great solutions that $PHNX are offering! + +**4. Phoenix DAO is the self sustaining governance over the entire dApp ecosystem ensuring 1 person 1 vote via Phoenix Identity and Authentication protocols.** + +Basically the Phoenix project is owned and controlled by the token holders, a project moving towards complete decentralization. + +These are the kind of projects that go to the moon. + +**5. Phoenix Events is an event dApp allows anyone to sell unforgeable tickets to any online or offline event, like a concert for example.** + +Just this part on it's own is incredibly valuable since it's already a fully working solution. + +Not only that, but they've also partnered with industry leading booking platform [Travala](https://www.travala.com/) with their events dApp. This gives them instant access to 2 million properties in 230 countries through the Travala booking platform. + +https://phnxdao.medium.com/phoenixdao-working-with-industry-leaders-travala-com-b27b46de6e80 + +**I think the PhoenixDAO is about to BLOW UP in price** (all it will take is ONE of the Youtubers picking up on how undervalued it is), but in case you're not convinced yet they've also just started working with Polygon (formerly Matic) and they're going to use Polygon's scaling solution for their events dApp. + +https://phnxdao.medium.com/phoenixdao-events-dapp-implementing-the-polygon-sidechain-scaling-solution-3ca9d7830262 + +Oh, and if you need more they're about to launch an NFT marketplace as well!🤯🙂 + +https://youtu.be/rwYceQgWI5Y + +**It's kinda crazy how undervalued PhoenixDAO - $PHNX is with a $4.7 million market cap and 1250 holders when you consider all they're doing, and that they've been working for over a year already and several of their solutions are ready for market!** + +Anyway, as always, DYOR but there really seems to be little downside to investing in $PHNX in my view, because **at $4.7 million market cap it has nowhere to go but up** until it reaches at least $30-$40 million. + +So with little to lose and at least 10x potential gains in the coming days/weeks, *(no rug pull on this one, they have a known team that's been working super hard to build some amazing solutions for more than a year already and ambassadors in several countries already)*, that's a good investment in my book! + +**NEGATIVES** + +I've tried hard to try and find any downsides with PhoenixDAO, (which is something I always do before making an investment). and there are only two that I've found, none of which I consider "serious": + +**1. Their current website is slow to load.** + +I'm not quite sure why that it. Maybe it's because it has a lot of complexity with the staking dApp and DAO and all that, or maybe they just need better hosting, I really don't know but they should fix it. + +**2. They have a silly picture as their Twitter background at the moment** + +They're holding a competetion at the moment that was voted on and agreed in the DAO, and they've changed their normally very professional social media background image to what in my view looks very childish (a poorly made lambo). + +I realize this is all done "just for fun" and not to be taken seriously, but I still think it's a mistake because it reduces the credibility in what is otherwise a very serious project I think. Anyway, as soon as the competition is over I expect that they'll revert back to their normal social media image background so no big deal. + +**LINKS** + +**Website:** https://phoenixdao.io/ + +**Blog:** https://phnxdao.medium.com/ + +**Twitter:** https://twitter.com/phnxdao + +**Telegram:** https://t.me/PHNXDAO + +**Coinmarketcap:** https://coinmarketcap.com/currencies/phoenixdao/ + +**CoinGecko:** https://www.coingecko.com/en/coins/phoenixdao + +**Etherscan Contract Address:** https://etherscan.io/token/0x38A2fDc11f526Ddd5a607C1F251C065f40fBF2f7 + +**Buy $PHNX On Uniswap:** https://app.uniswap.org/#/swap?exactField=input&exactAmount=3&outputCurrency=0x38A2fDc11f526Ddd5a607C1F251C065f40fBF2f7 + +**DISCLAIMER:** I have recently bought some $PHNX for myself that I plan to hold it for the coming 3-12 weeks or until the price has gone around 5x to 7x at which time I'll likely sell enough to get my original investment back. Then I'll ride the rest to 15x or 30x from there on. + +**My main point of posting this here is to give back to this community, because although there are a lot of crap coins posted here I truly love this community! I believe that $PHNX is a true microcap gem and if you always feel like you're too late and missing out on the big gains, then this could be your ticket, and I hope it will be for many of you here.** + +**As always, NEVER invest more than you can afford to lose in crypto, and always try to do your own research and verify the claims of the poster, even if it seems trustworthy.** +Trying to get a picture on software developer income at places outside of Silicon Valley, and whether or not it can approach high levels such as 200k-300k+. +I find the following to be true: + +* Parity are a crucial component to the Ethereum dev ecosystem +* It is within everyones best interest to see a healthy and productive relationship maintained between Parity and the wider Ethereum community +* A hard fork - to restore a functioning library contract and allow the availability of funds in affected multi-sig wallets - is at this point seen to be highly contentious with a high probability of causing a network split. This would be undesirable ([avoid evil twins](https://medium.com/@avsa/avoid-evil-twins-every-ethereum-app-pays-the-price-of-a-chain-split-e04c2a560ba8)). + +Seeing the above to all be true, I have started /r/FriendsOfParity to explore non-hard fork solutions that might be acceptable to both Parity (and other affected parties) as well as the wider Ethereum community (if any exist). + +Also, fyi there is an on-going [coin-vote over EIP 999](https://www.etherchain.org/coinvote/poll/35). + +**Meta** + +Don't think this should be a sticky? [Support decentralised moderation](/r/recdao). +# Welcome to the /r/Bitcoin Sticky FAQ + +You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. + +It all started with the release of **[Satoshi Nakamoto's whitepaper](https://bitcoin.org/bitcoin.pdf)** however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how bitcoin works and a little about its long term potential: + +* [Article: The Bullish Case for Bitcoin](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1) +* [Book: The Bitcoin Standard](https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861) +* [Video 1: The Stories We Tell About Money - Andreas Antonopoulos](https://youtu.be/ONvg9SbauMg?t=1) +* [Video 2: The Bitcoin Standard - Saifdean Ammous](https://www.youtube.com/watch?v=Zbm772vF-5M&t=272s) +* [Video 3: Bitcoin 101 - Balaji Srinivasan](https://youtu.be/JIxwTx7o_B4?t=1) +* [Video 4: Bitcoin Macro Strategy - Michael Saylor & Ross Stevens](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit/sessions/bitcoin-macro-strategy?CID=7014W0000014yhJQAQ) +* [Video 5: The Saylor Series - Michael Saylor & Robert Breedlove](https://youtu.be/4rvTppy1qLI?t=1) +* [Video 6: Bitcoin S2FX, S2F and Evolution From Collectible to Financial Asset - Stephan Livera, PlanB & Saifdean Ammous](https://youtu.be/j2cP8k_QUaw?t=1) + + +Some other great resources include Michael Saylor's [Hope.com](https://hope.com/) and ["Bitcoin for Everybody"'](https://learn.saylor.org/course/view.php?id=468) course, Jameson Lopp's [resource page](http://lopp.net/bitcoin.html), Gigi's [resource page](https://bitcoin-resources.com/#bitcoin-non-technical), and James D'Angelo's [Bitcoin 101 Blackboard series](https://www.youtube.com/watch?v=Bhe61JaNFLU&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q&index=7&t=0s). Some excellent writing on Bitcoin's value proposition and future can be found at the [Satoshi Nakamoto Institute](http://nakamotoinstitute.org/mempool/). + +If you are technically or academically inclined check out [developer resources](https://developer.bitcoin.org/) and peer-reviewed [research papers](https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg), course lectures from both [MIT](https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/video-lectures/) and [Princeton](https://www.reddit.com/r/Bitcoin/comments/7qynvj/dont_panic_just_learn_sixty_free_lectures_from/) as well as future [protocol improvements](http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/) and [scaling resources](https://www.reddit.com/r/Bitcoin/comments/56nnd8/the_scaling_bitcoin_website_is_awesome_videos/). Some Bitcoin statistics can be found [here](https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&r=week&t=a), [here](https://bitcoinvisuals.com/) and [here](https://bitcoin.clarkmoody.com/dashboard/). MicroStrategy's [Bitcoin for Corporations](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit?CID=7014W0000014yhJQAQ) is an excellent open source series on corporate legal and financial bitcoin integration. + +You can also see the number of times Bitcoin was [declared dead by the media](https://99bitcoins.com/obituary-stats) (LOL) and [what you could have earned](https://dontbuybitcointheysaid.com/) if you didn't listen to them! XD + +## Key properties of Bitcoin + +* **Limited Supply** - There will only ever be 21,000,000 bitcoin created and they are issued in a predictable fashion per the [inflation schedule](https://bashco.github.io/Bitcoin_Monetary_Inflation/). Once they are all issued Bitcoin will be truly deflationary. The [halving countdown](http://bitcoinblockhalf.com/) tells you how much time until the next drop in block rewards. +* **Open source** - Bitcoin code is fully auditable. You can read and contribute to the [source code](https://github.com/bitcoin/bitcoin) yourself. +* **Accountable** - The public ledger is transparent, all transactions are [seen by everyone](https://blockstream.info/). +* **Decentralized** - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how [Bittorrent](https://en.wikipedia.org/wiki/BitTorrent) works. You can even [run a node on a Raspberry Pi](https://getumbrel.com/). +* **Censorship resistant** - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see [Operation Chokepoint](https://en.wikipedia.org/wiki/Operation_Choke_Point). +* **Push system** - There are [no chargebacks](https://gendal.me/2013/10/21/lessons-from-bitcoin-push-versus-pull/) in bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them. +* **Low fee scaling** - Most wallets calculate on chain fees automatically but you can view [fee estimates](https://bitcoinfees.earn.com/) and [mempool activity](https://jochen-hoenicke.de/queue/#0,2w) if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the [Lightning Network](https://www.reddit.com/r/Bitcoin/comments/7pwna9/lightning_network_megathread/), a second layer scaling solution currently rolling out on the Bitcoin mainnet. +* **Borderless** - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is [globally distributed](https://bitnodes.earn.com/). +* **Trustless** - Bitcoin solved the [Byzantine's Generals Problem](https://en.wikipedia.org/wiki/Byzantine_fault_tolerance) which means nobody needs to trust anybody for it to work. +* **Pseudonymous** - No need to [expose personal information](http://bitcoinsimplified.org/learn-more/anonymity/) when purchasing with cash or transacting. +* **Secure** - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be [brute forced](http://i.imgur.com/fYFBsqp.jpg) or confiscated with proper key management such as hardware wallets. +* **Programmable** - Individual units of bitcoin can be [programmed to transfer](https://en.bitcoin.it/wiki/Script) based on certain criteria being met +* **Nearly instant** - From a few seconds on the lightning network to a [few minutes](https://www.blockchain.com/charts/median-confirmation-time) on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations. +* **Peer-to-peer** - No intermediaries taking a cut, no need for [trusted third parties](https://nakamotoinstitute.org/trusted-third-parties/). +* **Portable** - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by [memorizing it for wallet recovery](https://en.bitcoin.it/wiki/Brainwallet) (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security). +* **Scalable** - While the protocol is still being optimized for [increased transaction capacity](https://en.bitcoin.it/wiki/Scalability), blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin. +* **Divisible** - Each bitcoin can be [divided down to 8 decimals](https://en.bitcoin.it/wiki/Satoshi_(unit\)), which means you don't have to worry about buying an entire bitcoin. +* **Designed Money** - Bitcoin was created to fit all the [fundamental properties of money](http://i.imgur.com/wkTyyaV.png) better than gold or fiat + +## Where can I buy bitcoin? + +[Bitcoin.org](https://bitcoin.org/en/buy) and [BuyBitcoinWorldwide.com](https://www.buybitcoinworldwide.com/) are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the [bitcoinity exchange resources](https://data.bitcoinity.org/markets/exchanges/USD/30d) for a larger list of options for purchases. + +* [Cash app](https://cash.app/) +* [Gemini](https://gemini.com/) +* [Swan](https://www.swanbitcoin.com/) +* [River Financial](https://river.com/) +* [Bitstamp](https://www.bitstamp.net/) +* [BitFinex](https://www.bitfinex.com/) +* [Xapo](https://xapo.com/) +* [Kraken](https://www.kraken.com/) +* [Cex](https://cex.io/) +* [LocalBitcoins](https://localbitcoins.com/) +* [LibertyX](https://libertyx.com/) +* [P2P exchange list](https://github.com/cointastical/P2P-Trading-Exchanges/) (decentralized) + +You can also purchase in cash with [local ATMs](http://coinatmradar.com/). Services such as [CardCoins](https://www.cardcoins.co/) let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use [Bitwage](https://www.bitwage.com/). + +**Note:** Bitcoin are valued at whatever [market price](https://cryptowat.ch/bitstamp/btcusd) people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. + +## Securing your bitcoin + +With bitcoin you can **"Be your own bank"** and personally secure your bitcoin **OR** you can use third party companies aka **"Bitcoin banks"** which will hold the bitcoin for you. + +* If you prefer to **"Be your own bank"** and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the [Trezor](https://www.trezor.io/), [Ledger](https://www.ledgerwallet.com/) or [ColdCard](https://coldcardwallet.com/) is recommended. + +* If you cannot afford a hardware wallet there are many [software wallet](https://bitcoin.org/en/choose-your-wallet) options to choose from depending on your use case. Mobile wallets like [BlueWallet](https://bluewallet.io/) are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets. + +* If you prefer to let third party **"Bitcoin banks"** manage your coins, try [Gemini](https://gemini.com/) or [Unchained Capital](https://unchained-capital.com/) but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk. There is a saying in the community, **"Not your keys, not your coins"** meaning if you don't store your coins in a wallet that you control the keys to then you do not really own your bitcoin as you have to ask permission from the third party in order to move them. + +**Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!** + +2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes. + +**Avoid using your cell number for 2FA.** Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges. + +Google Auth | Authy | OTP Auth | andOTP +--------------|--------|------------|-------- +[Android](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2) | [Android](https://play.google.com/store/apps/details?id=com.authy.authy&hl=en) | N/A | [Android](https://play.google.com/store/apps/details?id=org.shadowice.flocke.andotp) +[iOS](https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8) | [iOS](https://itunes.apple.com/us/app/authy/id494168017) | [iOS](https://apps.apple.com/us/app/otp-auth/id659877384) | N/A + +Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See [Yubikey](https://yubikey.com/) or [Titan](https://cloud.google.com/titan-security-key) to purchase security keys. + +Both Coinbase and Gemini support physical security keys. + + +## Watch out for scams + +As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, **"Don't trust, verify"**. + +* Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use [DuckDuckGo](https://duckduckgo.com/) instead, which has no ads, and never tracks you as well. +* Ignore private messages offering services. +* **Never enter your seed words in a website of any kind.** Hardware wallets will recover by displaying possible seed words on their own interface, never on a website. +* **Always check addresses on your hardware wallet before sending or receiving.** Some malware has been known to replace addresses in your web browser or that you copy-and-paste. +* Avoid clicking on links like that look like links, such as [https://www.google.com/](https://www.youtube.com/watch?v=8ybW48rKBME), without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money. + +## Common Bitcoin Myths +Often the same concerns arise about Bitcoin from newcomers. Questions such as: + +* Is Bitcoin a Ponzi scheme? +* Will governments ban Bitcoin? +* Will quantum computers break Bitcoin? + +All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered: + +* [Common Bitcoin Myths](https://en.bitcoin.it/wiki/Myths) +* [Gradually, Then Suddenly](https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/) +* [Every Reason Bitcoin Will Not Fail](https://safehodl.github.io/failure/) + +## Where can I spend bitcoin? + +Check out [spendabit](https://spendabit.co/) or [bitcoin directory](http://bitcoin.directory/shop) for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the [CashApp card](https://cash.app/help/us/en-us/3080-cash-card-get-started) or [Fold card](https://foldapp.com/). Some other useful site are listed below. + +Store | Product +---|--- +[Bitrefill](https://bitrefill.com), [Gyft](http://www.gyft.com/) | Gift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc. +[Spendabit](https://spendabit.co/), [Overstock](http://www.overstock.com/) and [The Bitcoin Directory](http://bitcoin.directory/) | Retail shopping with millions of results +[NewEgg](http://www.newegg.com/) and [Dell](http://www.dell.com/) | For all your electronics needs +[Piixpay](https://piixpay.com), [Bitbill.eu](https://bitbill.eu), [Bylls](https://bylls.com), [Coins.ph](https://coins.ph), [LivingRoomofSatoshi](https://www.livingroomofsatoshi.com), [Coinsfer](https://coinsfer.com/), and [more](https://plusbitcoin.net/bitcoin-debit-card/) | Bill payment +[Menufy](https://www.menufy.com/) and [Takeaway](http://corporate.takeaway.com/) | Takeout delivered to your door +[Expedia](http://www.expedia.com/), [Cheapair](http://www.cheapair.com/), [Destinia](http://destinia.us/), [Abitsky](http://www.abitsky.com/), [SkyTours](http://www.sky-tours.com/), the [Travel](https://www.gyft.com/buy-gift-cards/category/travel/) category on Gyft and [9flats](http://www.9flats.com/) | For when you need to get away +[Cryptostorm](https://cryptostorm.is), [Mullvad](https://mullvad.net), and [PIA](https://www.privateinternetaccess.com/) | VPN services +[Namecheap](https://www.namecheap.com/), [Porkbun](https://porkbun.com/) | Domain name registration +[Stampnik](https://stampnik.com) | Discounted USPS Priority, Express, First-Class mail postage +[Coinmap](http://coinmap.org/) and [AirBitz](https://airbitz.co/search?term=&location=Current+Location) are helpful to find local businesses accepting bitcoin. A good resource for UK residents is at [wheretospendbitcoins.co.uk](http://www.wheretospendbitcoins.co.uk). + +There are also [lots of charities](https://www.reddit.com/r/changetip/wiki/suggestions) which accept bitcoin donations. + +## Merchant Resources + +There are several benefits to accepting bitcoin as a payment option if you are a merchant; + +* 1-3% savings over credit cards or PayPal. +* No chargebacks (final settlement in 10 minutes as opposed to 3+ months). +* Accept business from a global customer base. +* Increased privacy. +* Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it. + +If you are interested in accepting bitcoin as a payment method, there are several options available; + +* [BTCPay](https://btcpayserver.org/) +* [Square cash](https://cash.me/) +* [Stripe](https://stripe.com/bitcoin) +* [Wyre](https://www.sendwyre.com/business/) +* [Blockonomics](https://www.blockonomics.co/merchants#) (direct to your wallet) + +## Can I mine bitcoin? + +Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to [folding at home](http://folding.stanford.edu/). If you want to learn more about mining you can read the [mining FAQ](https://en.bitcoin.it/wiki/Faq#Mining). Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out. + +If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can [run a full node](https://getumbrel.com/). You can view the [global node distribution](https://getaddr.bitnodes.io/) for a visual representation of the node network. + +## Earning bitcoin + +Just like any other form of money, you can also earn bitcoin by being paid to do a job. + +Site | Description +---|--- +[WorkingForBitcoins](https://workingforbitcoins.com), [Bitwage](https://www.bitwage.com/for-individuals/), [Cryptogrind](http://www.cryptogrind.com/#!/), [Coinality](https://coinality.com/), [Bitgigs](http://bitgigs.com/), [/r/Jobs4Bitcoins](http://www.reddit.com/r/Jobs4Bitcoins), [BitforTip](http://www.bitfortip.com/), [Rein Project](http://reinproject.org/) | Freelancing +[Lolli](https://www.lolli.com/) | Earn bitcoin when you shop online! +[OpenBazaar](https://openbazaar.org/), [Purse.io](https://purse.io/shop), [Bitify](https://bitify.com/), [/r/Bitmarket](http://www.reddit.com/r/BitMarket) | Marketplaces +[/r/GirlsGoneBitcoin](http://www.reddit.com/r/GirlsGoneBitcoin) NSFW | Adult services +[A-ads](https://a-ads.com/), [Coinzilla.io](https://coinzilla.io/) | Advertising + +You can also earn bitcoin by participating as a market maker on [JoinMarket](https://github.com/chris-belcher/joinmarket) by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin). + +## Bitcoin-Related Projects + +The following is a **short** list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space. + +Project | Description +---|--- +[Lightning Network](https://lightning.engineering/index.html)| Second layer scaling +[Liquid](https://blockstream.com/liquid/), [Rootstock](https://www.rsk.co/) and [Drivechain](http://www.truthcoin.info/blog/drivechain/) | Sidechains +[Hivemind](http://bitcoinhivemind.com) | Prediction markets +[Tierion](https://tierion.com) and [Factom](http://factom.org/) | Records & Titles on the blockchain +[BitMarkets](https://voluntary.net/bitmarkets/), [DropZone](https://github.com/17Q4MX2hmktmpuUKHFuoRmS5MfB5XPbhod/dropzone), [Beaver](https://eprint.iacr.org/2016/464.pdf) and [Open Bazaar](https://openbazaar.org/) | Decentralized markets +[JoinMarket](https://github.com/chris-belcher/joinmarket) and [Wasabi Wallet](https://github.com/zkSNACKs/WalletWasabi) | CoinJoin implementation +[Decentralized exhanges](https://github.com/cointastical/P2P-Trading-Exchanges/) | Decentralized bitcoin exchanges +[Keybase](https://keybase.io/) | Identity & Reputation management +[Abra](https://www.goabra.com/) | Global P2P money transmitter network +[Bitcore](http://bitcore.io/) | Open source Bitcoin javascript library + +## Bitcoin Units + +One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below: + +Unit | Symbol | Value | Info +---|:---:|---|--- +bitcoin | BTC | 1 bitcoin | one bitcoin is equal to 100 million satoshis +millibitcoin | mBTC | 1,000 per bitcoin | used as default unit in recent Electrum wallet releases +bit | bit | 1,000,000 per bitcoin | colloquial "slang" term for microbitcoin (μBTC) +satoshi | sat | 100,000,000 per bitcoin | smallest unit in bitcoin, named after the inventor + +For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal: + +* 0.001 BTC +* 1 mBTC +* 1,000 bits +* 100k sats + +For more information check out the [Bitcoin units wiki](https://www.reddit.com/r/BitcoinWiki/wiki/bitcoin_units). + +--- + +**Still have questions?** Feel free to ask in the comments below or stick around for our weekly [Mentor Monday](https://www.reddit.com/r/Bitcoin/search/?q=title%3A%22mentor+monday%22&sort=new&restrict_sr=on&t=all) thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. + +**Note:** This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can [edit it here](https://www.reddit.com/r/BitcoinWiki/wiki/rbitcoin_sticky) and it will be included in the next revision pending approval. + +**Welcome to the Bitcoin community and the new decentralized economy!** +hi guys, i had been having amazing month of my trading so far until 24th of oct ruined everything. i started with 7000$ in the beginning of month ,took my account to 23400$ and literally lost 10000$ on Monday itself. currently at 16300$. note, i only trade SPY options everyday. out of 13 trades i did this month i lost only 2 , but big enough to blow of my 50% of account literally lol. i wanted to ask u guys how can one manage risk reward properly and consistently grow the account in long term +It’s nothing to brag about not even by a long shot but I’m still proud because I didn’t lose any money. + +I’m a beginner trader but I’ve noticed that there are certain things that when I do them it works out ok for me. + +1. I don’t buy at or before market open, I’d much rather wait 30 mins to 3 hours just to see how my favorite stocks are behaving. + +2. I also look at the previous open and close just to get a idea of how the stock might behave at the next open and close. + +3. I look at the days range just so I can see the best entry and exit points. + +4. As of right now I’m only trading micro, macro and large cap stocks that have more liquidity and the prices are more stable and predictable. + +My goal is to make consistent and ever increasing daily gains. I wanna get to make $100 a day by the end of the year but I’m well aware I will need a much larger account, a lot more knowledge, intuition, a set strategy with well defined rules and a better knowledge of technical analysis. + +I’ve made about $400 since I first started to trade in March I use Webull because they offer commission free trading and unlimited day trades with a cash account +I also have a tastyworks and a fidelity account that I plan an using when I have enough money to not be eaten up by commissions. + +If any of you has any advice for me or resources I can use to become a better trader please don’t hesitate to let me know. +Be mentally prepared to see prices dropping and stalling a LOT. We are in the grey zone. You can sense the emotional hit today's drop had but fear not degenerates. We win by default if we just 💎🖐🏻. + +Use the period to set up accounts in brokerages that won't restrict trading. BTFD if you can afford it. We can 💎🖐🏻 this. + +Mark Cuban's AMA also put light on one issue: HFs won't want to close their shorts. Their plan is to drag this and leverage their sheer size on us. But we can beat them at their game by buying more and more shares at these lower prices. But don't despair if prices fluctuate under 100, under 80 or even under freaking 30. The more shares we can gobble up, the better. + +Just remember: + +&#x200B; + +1. Only risk what you can afford to lose. +2. This can drag on longer than any of us initially believed, so BE PATIENT. If you can't buy more my advice is to just go do something else. Forget about it. Remember rule #1? You only have money you can afford to lose in this, so why the rush? +3. Help out by upvoting good ideas, topics, doing DD, motivating people, being funny and generally entertaining. It all helps. +4. Have some fun. If you cannot have fun you probably have too much money on the line. +5. (Optional) - Instead of a trader's mindset. Adopt a Shareholder's mindset. You own a tiny bit of GameStop now. Go ahead, buy on their stores. Lift their business up and when Q1 numbers come out it will be a great deal of help for them. + +EDIT: Damn... wish I could get calls on Reddit Karma. Thanks for all the awards. Hope they were freebies you retards. +I going to look at this thing and would appreciate some analysis as it doesn't seem super obvious to me. + +First, this is a very nice area and nicer and more desirable than surrounding areas. Suburban. Good Schools. Higher taxes. An area that is appreciating generally. Four units. Above average rents. + +1. Asking price: $470,000; +2. Gross rent monthly $5,700 x 12 = $68, 400 +3. Taxes: $7,500 +4. Water: $4,700 +5. Insurance: $2,000 +6. Repairs: $5,000 +7. Other: $4,500 +8. Total expenses: 24,300 +9. NOI: $43,700 +10. 20 percent down mortgage, 4.5% (maybe buy a point) $1,904 month or $22,856. +I going to look at this thing and would appreciate some analysis as it doesn't seem super obvious to me. + +First, this is a very nice area and nicer and more desirable than surrounding areas. Suburban. Good Schools. Higher taxes. An area that is appreciating generally. Four units. Above average rents. + +1. Asking price: $470,000; +2. Gross rent monthly $5,700 x 12 = $68, 400 +3. Taxes: $7,500 +4. Water: $4,700 +5. Insurance: $2,000 +6. Repairs: $5,000 +7. Other: $4,500 +8. Total expenses: 24,300 +9. NOI: $43,700 +10. 20 percent down mortgage, 4.5% (maybe buy a point) $1,904 month or $22,856. +I going to look at this thing and would appreciate some analysis as it doesn't seem super obvious to me. + +First, this is a very nice area and nicer and more desirable than surrounding areas. Suburban. Good Schools. Higher taxes. An area that is appreciating generally. Four units. Above average rents. + +1. Asking price: $470,000; +2. Gross rent monthly $5,700 x 12 = $68, 400 +3. Taxes: $7,500 +4. Water: $4,700 +5. Insurance: $2,000 +6. Repairs: $5,000 +7. Other: $4,500 +8. Total expenses: 24,300 +9. NOI: $43,700 +10. 20 percent down mortgage, 4.5% (maybe buy a point) $1,904 month or $22,856. +Other than not having a big enough wallet to carry all of that money hahaha. + +Seriously though, what are you dealing with right now? I just bought my first 7 unit building and would like to know if it's all rainbows and rental income for everyone else except me or not. +I’m trying to learn here so I need help understanding something. Now, I know people who have retired early off of just 4 properties but I’ve watched many videos of people claiming they’ve done 10+ and are multimillionaires. My question is where did they get the capital/loans from? Buy first house, invest in repairs, rent it out, get some cash flow and you’re probably looking close to 10% on your money right? Cool. Now your second home is 80% loaned (if you can get away with “intending” to live there). So maybe you get a HELOC or raise the money but either way it’s a loaned house. Fine. But how would you do 3, 4, 5 houses? What bank would be ok with using all of these already loaned houses as collateral and double/triple risking themselves? You’d be $3,000,000 in debt. The math doesn’t add up to me. Perhaps someone could enlighten me. +For background, my previous posts are here: [First Post](https://www.reddit.com/r/fatFIRE/comments/f012lk/my_sortafatfire_journey/), [Second post](https://www.reddit.com/r/fatFIRE/comments/fq6c4y/a_sortafatfire_update_cash_is_oxygen/). + +I'm not sure if anyone cares about this, but as I stumble my way through what I'm calling "plump FIRE" (I don't feel "fat" - but I'm pleasantly plump :) ), I like to share lessons learned and progress. Feel free to ignore this if it doesn't interest you. + +Starting around February of 2019, a combination of health events and job dissatisfaction caused me to assess my (me+family) financial situation and I realized, sort of to my surprise, that I had "enough". At the time, I had about $4.5M in cash, investment, and retirement accounts plus a $2M paid off home in the SF Bay Area. With as much trepidation as joy, I pulled the plug and left my job. + +About six months ago, I posted an update from the midst of the market downturn. I learned a few things - one of which was that I was no longer comfortable with my asset allocation and that having adequate cash on hand was critical to my mental state. Since then, I've repositioned a few investments and made some changes. Not that anyone is interested, but I wanted to toss a few choices out there in the hopes that the discussion is interesting. + +**Cash Reserve** + +I keep between $20k and $60k in our checking account now (up from a few thousand I used to park there)...the idea here is that I want enough cash to ride out short term (1Q or less) turmoil. Longer-term, my goal is to have a year's worth of cash on hand. To meet this criteria, I've moved $250k into a money market type account for emergency access. This cash could be used to family living expenses (in the event of a market stumble), or for kid college needs...Or it could just sit there...I'm OK with that. + +In July, I also made what I now consider to be a rash decision...I decided to move one large ($M+) 401k into cash (well, short term bond fund - close to cash). My feeling is that we haven't come remotely close to pricing in the effects of COVID and I just wasn't comfortable so I reduced my exposure. And watched the market climb significantly since then. I'm about 50% back in now - and that account is down 5% for the year. I had opened a line of credit against a brokerage account (giving me $50k if needed), but I haven't tapped it yet and currently don't plan to. + +**Expenses** + +I paid the giant tax bill. That hurt. I'm still carrying a loan on my new car, but at sub-3%, I'm not sweating the interest. I'll pay it off once I tame the cash burn from buying house stuff. + +**Stock Concentration** + +Recall, I was (and remain) stupidly over-concentrated in a couple of tech stocks (from previous employers). My retirement accounts are generally in S&P index funds, but my taxable accounts tend to hold whatever stock my previous employers tossed my way. This might have been stupid from a concentration-of-risk perspective, but it's been quite lucrative over the past few years. + +Tech stock #1 (call it "Recent IPO, Inc")...At its peak, I held close to a million in this stock. It hasn't hit its peak in a year, though, and when the time came to pull cash together (see below), I flushed almost all of this stock. Meaning, I withdrew $400k and left $100k on the table (currently worth $80k...<sigh>). + +Tech stock #2 (old guard moneymaker)...Peak value, $2.2M. I took $500k off the table here in July and another 100k this month (September). It has remained a strong performer and current account value is $1.7M. Overall YTD, the stock is up 37%. I'm still heavily concentrated here. + +Other investments continue untouched. + +**Vacation House!** + +The day that the COVID quarantine opened up, I packed the family into a couple of cars and we headed for a monthlong AirBnB rental in the mountains. It was glorious and I finally pulled the trigger on a vacation house. I spent more than I had planned to ($600k), but I'm sooooooooo happy with the decision. It's within (long) driving distance of our main house - that was a requirement in the age of COVID (a second home does me no good if I can't get there) and is larger/newer/nicer than the main house. Fixing up, furnishing, and accessorizing the new home is crazy expensive, but I'm opening the checkbook. I want it to be a delightful refuge for us and the friends we want to share it with. + +I was really glad I jumped as quickly as I did. Prices are climbing almost daily as well heeled tech workers try to escape crowded Bay Area cities (and other places, too, I'm sure). I'm reasonably confident I could flip the house next summer for a nice gain. Hell, if I wasn't spending so much having furniture made, I'd plop a "for sale" sign in front of the place with a 25% "buy me out" bump on the price. + +Side note...I absolutely LOVED buying the property with cash. So much easier than a loan with all that paperwork. We closed in 10 days and I never touched a pencil or had to visit an office. 10/10 will definitely repeat. + +**Net Worth** + +I have (finally!) stopped staring at my net worth number several times every day. I am slowly internalizing "We have enough" and I hope I continue to feel that way. + +That being said, though, I do track the number. If I include the new home (but not my primary home), I'm at +.4% for the year. Not bad considering that I wrote the IRS a 200k check, am spending over $50k on kitting out a new residence, and haven't exactly been frugal in 2020. + +Invested assets (excluding real estate) clock in at just over $5M. Second home is worth about 10% over what I paid for it (according to Zillow and local comps). Cash sits around $300k, but fluctuates up/down by 50k. Total debt is just under $300k (200k mortgage on primary house - yah, I consider it "paid off" and just list it as a $2M asset for ease of calculations...Zillow says it's worth $2.5M, I owe $230k on it). Total NW is just under $8M. + +**Random Thoughts & Lessons Learned** + +I still have stress and anxiety when it comes to planning for the future. I feel like I should be earning a paycheck to have any value to society. I'm working on this, but it's hard to overcome. My extended family at first thought I was burned out and would return to a job...but after I bought the second home, they started looking at me differently..."Are you rich or something?" my sister asked me. She's a couple of years younger than I and has a great medical industry job - but very little savings and a couple of student loans still hanging over her. Should I be doing more to help her? I wonder. + +One of my friends retired a few months back (he was offered a non-optional early retirement buyout from his company) - that's been a nice boost socially...I have someone else around during the day that I can hang out with. Not working can be pretty lonely if your friends all have day jobs (ironically, COVID helped out here - even though my friends have jobs, they're usually working from home and have some flexibility). + +**The Future** + +I'd love to buy an airplane. Would make the second home so much easier to access. Stay tuned. + +I want to sell our place in the Bay Area and am starting to ponder how I'd pull that off (assuming the family ever got on board with the idea). I have a huge capital gain - and I want to start exploring the idea of using a 1031 exchange to go buy a multi unit property somewhere (outside of CA). That's a ways off, though. +**NB: I am a member of Dogira's team. This is the most biased that a post can be. DYOR on any tokens before buying in, especially when you're hearing about them from someone who is obviously vested in them. It goes without saying, I am the furthest thing from a financial advisor on the planet.** + +The last 4 days have been pretty massive over at $Dogira - wallet holders increased by 15%+, a spike to an ATH at 100%+ was achieved before re-consolidation, and we started rolling out a few details on our long-term roadmapping with a focus on NFT's, Gaming, and Utility. + +Tonight, we're delighted to announced that we've agreed to terms with WhiteBit for listing on their CEX Platform, listing fees pending. We've set up a community fund to assist with this, and have also minted a new set of NFT's with 100% of the proceeds going back into our public Marketing/Listing fees wallet. + +We're stoked to go live for direct USDT/BTC pairs, and are ecstatic to start putting the boot on the accelerator towards building Dogira into a token that can truly stand out in what's becoming a hectic marketplace. The best part is that this is all just the beginning - there's tonnes in store over the next few weeks, starting with our official roadmap arriving within the next few days. + +If you're interested in learning more, check out the links below - and please remember, I'm a member of the Dogira Team. I am not your Due Diligence, or your Financial Advisor. I'm talking to you about something I'm literally a part of. + +---- + +**Site: https://dogira.lol** + +**Subreddit (brand new!): /r/Dogira** - Telegram, Discord, and Buying instructions can be found inside here! + +TX for DexTools/Uniswap: `0xe9bd6ddc2b13f46715382f74534950e004399d10` + +Ether: https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +Liquidity: Locked + +WoR Audit: Completed and Approved + +Current price: $0.05~ / token +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 +Hey everyone, + +I’m a Comp sci student whose recently gotten into trading and was wondering what resources you guys would recommend to a newcomer to help me learn/get started in the algotrading scene. +Thanks! +I heard of QuantPedia through Quant Connect's boot camp and it looks interesting as a source for inspiration to developing algos. It's not cheap so I'm wondering if anyone has subscribed to it and what their thoughts are? Has anyone used any other sources for inspiration? +I'm an analyst and python developer and have been interested in trying to build an algo bot for fun and learning. I love playing with pandas and graphing libraries. I really love Flask. + +Is it possible to make money with just a simple bot that watches like RSI / MACD/ Bollinger bands on something like SPY, and buys and sells when limits are reached? Or do bots need to be much more complex? I'm just trying to gauge what's possible. + +I'm not a super-mathlete, so that has me a little concerned. But I know my way around Python and have been data wrangling / making dashboards for a long time. + +I'm looking at using pandas-ta for the TA. + +Thanks for any insight and advice. +Transcribed from a video clip posted on Twitter by @shortsdetroyer: + +**EDIT 14:40CST: TO ADD MISSING SECTION** + +&#x200B; + +>**We continue to be blown away by your passion and support. We’re fortunate to have such a special group of investors holding the company’s shares. You guys inspire us to think bigger, fight harder and work longer each day. You’ve ushered in a whole new era at GameStop. On a personal note, I want you to know I'm humbled to be elected to YOUR board to be YOUR chairman. We have a lot of work in front of us and it will take time.** + + +>**We are trying to do something that nobody in the retail space has ever done, but we believe we are putting the right pieces in place and we have clear goals: delighting customers, and driving shareholder value for the long term. The management team and refreshed board will remain totally focused on these goals at all times.** + + +> **We know some people want us to lay out a whole detailed plan today, but that’s not gonna happen. You won’t find us talking a big game, making a bunch of lofty promises, or telegraphing our strategy to the competition; that’s the philosophy we adopted at Chewy. Here are a few things we’ve done so far: refreshed the board, added technology and retail experience to the leadership team, paid off all our long term debt and strengthened the balance sheet, and begun laying the foundation for long term growth.** + + +> **Moving forward, we want you to judge GameStop based on our actions, not our words. Thank you everyone, and as my dad would say: buckle up.** + +&#x200B; + +u/redchessqueen99 u/pinkcatsonacid u/atobitt u/bye_triangle u/sharkbaitlol + +Edit for rocket emojis: +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🦍🦧🦍🦧🚀🚀🚀🚀🚀🚀🌝🌝🌝🌚🌚🌚🌝🌚🌝🌚🌝🌝 +Digix could be launching possibly in 5-6 weeks and I don't think there's much discussion about it. So I wanted to spark some and post my thoughts on why I think this is a good investment. Disclaimer: I do hold a position in Digix, but that doesn't mean everything I'm about to say isn't all facts: + +* Digix will allow you to have digitized gold in an ERC20 format. +* This will provide a stablecoin and a store of value on the blockchain. +* Digix will hold real physical gold in Singapore so each gold token is fully backed. +* This physical gold is redeemable at any time. So you can actually get your gold. +* DGD holders earn money via transaction fees. +* Digix only took 15% of the tokens during the crowdsale. +* Digix announced it is refunding 465,000 ETC to DGD holders at the end of May, which at current market prices would come out to $1.40 USD per DGD. +* Augur mentioned potentially using Digix gold as a stablecoin for their platform. +* Digix has 45-50M USD in reserves, depending on the day. This is huge. +* Their final code audit is being done by SmartPool beginning on May 21st, which is said to take 4-5 weeks. If all goes well launch will be shortly after that. +* Team is incredibly talented (opinion) and active in the Ethereum community. + +Once DGD is added to a real exchange it's true value will be revealed. Currently you can buy Digix in these places: + +http://Bittrex.com (Fully regulated in USA, medium liquidity) + +http://Yunbi.com (Chinese, high liquidity, high limits) + +https://OasisDEX.com/ (Decentralized exchange from the Maker team, very low liquidity) + +http://ShapeShift.io + +See also: + +http://Digix.io + +https://bravenewcoin.com/assets/Whitepapers/digixdao-info.pdf (comprehensive Digix information) + +Feel free to open the discussion of your thoughts on DGD. +https://twitter.com/bitfinexed + +Could Bitfinex/Tether have sent Twitter some newly acquired proof that all of the stuff he/she was posting was defamatory, false and bullshit? Hmm... +A lot of users have been asking this for a long time, and thanks to u/Spart248 (our newest wiki contributor) we finally have a books wiki. + +Let us know what you think of the list of books, descriptions, and formating. Also if you have any book recommendations related to **day trading** please suggest them here with your own description & review. + +[Here's the link to the books wiki.](https://www.reddit.com/r/Daytrading/wiki/book-recommendations) Also if you're just [getting started](https://www.reddit.com/r/Daytrading/wiki/getting-started-daytrading) in day trading read this wiki. And our [DOM wiki.](https://www.reddit.com/r/Daytrading/wiki/dom-orderbook) + +If you want to be a wiki contributor, message me directly. Thanks! +I'm 26 and I've been working at my job for about 5 years now. Currently, I have about 58 bucks in my checking account, which is all the money I have to my name. I have rent, bills, car payment etc. which I always pay 100% on time and am never late, thankfully. However, I have zero money saved. I'm already a bit of a hermit but I suppose I tend to splurge on things I really don't need. (got a mint account and saw I spent $375 dollars on fast food last month alone) + +Realistically, after rent, car and bills I should have an additional $800 left over for the month for food/gas but I am always right at zero dollars whenever payday rolls around. I want to get started on a budget but I really have no idea where to start. I've actually never gone grocery shopping before either. I feel like it's partly how I was raised, parents never really had money, and didn't care about the money they did have. + +Where do I start? + + +Edit: I'll edit here so everyone can see - I will end up making right at $1400/mo. Car 150, bills 190, rent 260. That leaves me with the bulk of about $800 left. The entirety of what I have left goes to gas/food. I don't buy myself things that often - a new video game every month maybe. I also stay at home 6-7 nights out of the week usually. I know I should be WAY ahead of where I'm at but I just don't know how to start - it's basically a full lifestyle change. + +Edit #2: Thanks for all the helpful advice so far ya'lls. I can understand some of your frustration, it's not easy to deal with someone who seems like they don't want to help themselves but that is honestly the furthest thing from the truth though so again I appreciate all of your input and I will continue to read through these and take all of the advice you give to heart. +This is going to be a longer, informational post on how to effectively live in your car. I lived in a university owned apartment, which *was* paid with my tuition. During the mid-march-meltdown, they gave refunds and essentially told students to fuck off, which I know COVID is dangerous, but some people have nowhere to go. Now, this post it obviously meant for people with no home(I feel because many people here "live" in first-world-pseudopoverty). + +# 1.) The car + +The car I own is a 2007 Toyota Tacoma with a bed cap I bought from a junkyard for $50. I bought the car after I graduated HS from my uncle for $3500, so I could drive to and from college with all my stuff(my parents current living situation does not provide enough room for me, unfortunately). I also have a bedrug which greatly increases the comfort of sleeping in the bed of the truck. + +&#x200B; + +https://preview.redd.it/35dv7glnaqc51.jpg?width=600&format=pjpg&auto=webp&s=263baa9d1d88a80d386cc88bde821a77d7bb5272 + +# 2.) Acquiring A Place To Park & Stuff You Will Need + +I found a two car detached garage on craigslist for $30/month, albeit it's not in a great part of town(gunshots audible sometimes), it does get the job of basic shelter done. The most immediate thing you will need is a bed. My twin XL from my apt fits very nicely into the bed of my truck(however one of my friends who lives in a civic told me a twin can fit if you remove the rear seats), so it can be done in smaller cars. + +Once you have a bed, the next thing you will need is a source to charge your devices, if you don't already have them. 12v to 120vac converters, multiple phone chargers, laptop chargers, etc. Water, stack the bottom of the rear seats(or the passenger front seat) with 2-3 cases of water, you can never have enough water. Food can be tricky, I keep my food at the refrigerator at my work, and fortunately, enough people know my situation that they aren't that much of a douche to take anything(YMMV). Store dry foods by your sleeping area(Cliff bars, crackers, snacks). My garage landlord gave me permission to use my mini fridge in the electrical outlets in the garage(cold water and food). Speaking of the garage, it's hot outside and just as hot in a garage, how will you stay cool. To cool get a window unit, I got an 8,000 BTU 120V unit and ran it to a window, on the back of the garage. I strategically park my car, so the back of the bed with the tailgate down, is as close as possible to the window unit. My window unit produces 3,000 BTU of heat for winter, which isn't ideal, but I enjoy the cold anyway. DON'T CHEAP OUT ON A WINDOW UNIT, the garage with convection gets 115F some days, that's not fun without AC. I do pay an additional $10/month to run the AC/electric for $40 total. + +You will need a 12v oven, I got mine for $200, one of the best investments I've ever made. For grilling burgers, I have a small propane powered grill. Despite the pitfalls, you CAN eat good being homeless. Get a portable toilet, if it has bodily waste in it, keep it as far as possible from your living space until you can clean it. Thank me when you have to take a piss at 2AM. This should be the absolute necessities, so the wants will vary person-to-person. Make sure you have unlimited, and I mean unlimited data on your phone. Also make sure you buy a car battery charger, you'll be using it a lot. + +# 3.)How to Keep Fresh + +Keeping fresh is one of the hardest parts of being homeless. Showering everyday is an essential part of keeping fresh, especially now. During the meltdown, I showered at the DOT Truck Stops in my state, which remained open during the pandemic. This does the job well, I can shower, for free, everyday. However Planet Fitness opened near me, and I like to work out, and they have showers there; so I opened a membership there, workout, and shower, every day, after work. Wear sandals in the shower cause bear feet in public shower is gross. + +Laundry/Having clean clothes - easy, you have to go to a laundromat. Some only take quarters, mine takes my debit card - self explanatory. Have a 5gal jug of water in the car, place it on the roof of vehicle(while not moving) and use that to wash hands while not in public. + +# 4.)Summary + +Living in your car sucks, and anyone who tells you otherwise is wrong. However following this guide can make living in your car feel a little bit less homeless, and make it suck a bit less. + +Thank you for coming to my TED talk. +https://www.yahoo.com/video/u-tech-sector-sees-highest-180258108.html + +U.S. employers in the technology sector cut nearly nine times more jobs in May than in the first four months of the year as rising inflation and slowing demand force companies to cut corners. Though overall layoffs in the country reported by global outplacement firm Challenger, Gray & Christmas on Thursday fell 14.7% in May from April, thanks to strong demand in the labor market, the technology sector cut 4,044 jobs, up from the 459 between January and April. It is the highest monthly total since December 2020 when tech companies cut as many as 5,253 jobs. "Many technology startups that saw tremendous growth in 2020, particularly in the real estate, financial, and delivery sectors, are beginning to see a slowdown in users, and coupled with inflation and interest rate concerns, are restructuring their workforces to cut costs," said Andrew Challenger, senior vice president of challenger, Gray & Christmas. + +The impact of the Ukraine crisis, a four-decade high inflation and rising interest rates has led to forecast cuts by companies such as Snap Inc and Microsoft, while others like Meta Platforms Inc have slowed hiring to rein in costs. Fintech companies also announced 268% more job cuts in May than in the first four months of 2022, the report from Challenger, Gray & Christmas said. +\*\*\*UPDATE\*\*\* +We have sent out TONS of rewards so far, and as a huge THANK YOU, we are sending out MUCH MORE to each of you who have already submitted as of writing this! Our aim is 75% of the intended funds to be distributed in this manner, followed by 25% in a LOTTERY! + +*** Lottery Update: winners drawn and funds sent!*** + +https://www.reddit.com/r/banano/comments/tctq0a/giveaway_lottery_winners_53638_ban_to_each_winner/ + +Thanks again, folks! +\------ + + +As the title states this is a giveaway to all of you with kind regards from r/banano. The only thing you need to do is *comment your Banano address* and you will receive some. In order for you to get yourself Banano, simply download the official wallet [Kalium](https://kalium.banano.cc) or use our [web wallet](https://vault.banano.cc). Setting up a wallet only takes a minute or so and wont cost you anything. + +## What is Banano? + +Banano is an instant, fee-less and eco-friendly cryptocurrency founded in 2018 and probably inhabits the most friendly and funny community in all of crypto. In fact, this endorsement (or just call it a kind note) should tell you all you need to know: + +[https://www.reddit.com/r/banano/comments/n9oz27/creator\_of\_dogecoin\_here\_was\_told\_to\_check\_this/](https://www.reddit.com/r/banano/comments/n9oz27/creator_of_dogecoin_here_was_told_to_check_this/) + +&#x200B; + +[https:\/\/www.reddit.com\/r\/banano\/comments\/n9oz27\/creator\_of\_dogecoin\_here\_was\_told\_to\_check\_this\/](https://preview.redd.it/fgjskua97sl81.png?width=751&format=png&auto=webp&s=33b9485b4db1ca575c8382dffb44ec8bc1a867df) + +**Importantly, Banano has been distributed entirely for free since April 1, 2018.** + +Banano has ongoing development since years and has experimented with hundreds of different ways of distribution since then, while keeping the onboarding of noobs and the education of users as a **priority**. For example, we set up [Bananominer.com](https://bananominer.com/) which simply means we are rewarding users to contribute to Folding@Home with BAN - while Banano itself doesn’t require mining. This incentive to support medical research has led Banano into the top folding teams of all time! Stats can be found [here](https://stats.foldingathome.org/team).Want more free Banano? Try out these [faucets](https://www.reddit.com/r/banano/comments/nyb4ch/faucet_list/) and join our community ([Reddit](https://www.reddit.com/r/banano/) and [Discord](https://chat.banano.cc/) being the most active channels), we have loads of different ways to get free BANANO all the time. + +Also, in recent times we started to wrap Banano and bring wBAN to Binance Smart Chain, Polygon and since yesterday also to the [Fantom network](https://fantom.banano.cc). + +To better understand what Banano is, check out our [website](https://banano.cc) and **particularly our** [meme-rich Yellowpaper](https://banano.cc/yellowpaper). For help getting started and relevant links check out [banano.how](https://banano.how). + +THANK YOU to r/CC for letting us do this, and we'll see YOU in the Jungle! +I’m sure what I’m about to say is nothing new for most people here, but for people who are just joining the space I wanted to make a quick post to discuss market cap. + +Too many times I’ve spoken to people who have seen the potential investing in crypto provides. I think it’s very easy to get swept up in napkin math when investing in new coins and thinking “if I buy a hundred thousand coins at .005 and they go to one dollar I’ll have one hundred thousand dollars.” + +While the math adds up, you have to consider that in order for a coin to grow the market cap (coin amount outstanding x coin price) has to grow at the same rate. For a lot of these alt coins with hundreds of billions of coins in circulation this is a huge ask. Shiba was a great example of this: a lot of people thought shiba could reach $1 as doge did and plain and simply it could not. Total supply of shiba is 550 trillion coins so you would need a market cap of $550T to reach this price. + +Again, I’m sure none of this is new for most experienced investors here but newbies please take note. I like to look for coins with around $1-5B in market cap and a similarly sized total supply. This gives me a reasonable expectation of growth as well as a basic understanding of my price targets. This simple consideration has served me well on my crypto journey and I hope it can help you too! +https://help-eu.ftx.com/hc/en-us/articles/4415769531419-Tokenized-Stocks +5 captures +9 Nov 2022 - 13 Nov 2022 +OCT NOV DEC +Previous capture 13 Next capture +2021 2022 2023 +Logo +Sign in +FTX EU Tokenized Stocks +Search articles +Tokenized Stocks + +EU FTX +Updated 1 month ago +BROWSE +Disclaimers +None of this is investment advice. +Much of the below analysis ignores any difference between equity prices on different venues, and ignores the effects of fees. It also ignores slippage, and generally assumes that all transactions happened at theoretical prices instead. +While this does generally describe how tokenized stock trading on FTX works, it contains approximations and should not be taken as precise. +In general, FTX reserves the final right to interpretation of all actions on its platform. +This document may become out of date at some point and fail to reflect updated policies. +FTX reserves the right to restrict usage of its tokenized stock trading as it sees fit. +Users should trade tokenized stocks at their own risk. +Brokerage services with respect to tokenized stocks on FTX are provided by FTX Switzerland GmbH. +Tokenized Stocks, like the rest of FTX, are not being offered to US users or other prohibited jurisdictions, potentially including Iran, Afghanistan, North Korea, Hong Kong, Singapore, and/or other jurisdictions. Users must pass sufficient KYC checks in order to trade tokenized stocks on FTX. For more information, see here. + +FTX Switzerland GmbH (previously named Canco GmbH) is authorized to provide brokerage services for tokenized stock trading. + + +What are tokenized stocks? +Equities are stocks that trade on traditional regulated exchanges. In addition to tokenized stocks, FTX may be offering tokens on ETFs, futures, currencies, or other similar products. + + +How is this trading regulated? +FTX Switzerland GmbH is a financial intermediary permitted to offer these products. All FTX users who trade tokenized stocks may also become customers of FTX Switzerland, and pass through it's KYC and compliance. Furthermore, all trading activity may be monitored for compliance by FTX Switzerland. FTX Switzerland custodies the equities at a third party brokerage firm. FTX Switzerland, instead of FTX Trading Ltd, FTX Digital Markets Ltd or other affiliates, provides the brokerage services. + +In order to trade tokenized stocks on FTX, you must be at least KYC level 2. Once you are, you can go to your tokenized stocks KYC page to submit your information to FTX Switzerland. You must also not be a member of one of FTX's restricted jurisdictions, including the United States; FTX collects KYC documents and IP addresses from its users. FTX does not operate in its restricted jurisdictions. + +FTX and FTX Switzerland may also collect further information from prospective users, and may require passing a test in order to trade. Further compliance measures may be used as appropriate. + +Users are also encouraged to consult their personal and local situation in order to determine whether trading tokenized stocks on FTX is right for them. + + +What exactly is traded on FTX? +FTX itself lists tokens on the equities. For instance, ftx.com/trade/eu/TSLA/USD is a market to trade tokens on Tesla stock. + +These spot tokens are backed by shares of Tesla stock custodied by FTX Switzerland. They can be redeemed with FTX Switzerland for the underlying shares if desired. In the future, there may be other ways to withdraw the tokens from FTX. If you are interested in getting set up to redeem the stocks, please email support. + + +Who can trade tokenized stocks on FTX? +In order to trade tokenized stocks on FTX, you must be at least KYC level 2. + +All FTX users who trade tokenized stocks must also pass through FTX Switzerland's KYC and compliance. Once you are KYC 2, you can go to your settings page to submit your information to FTX Switzerland. + +You cannot trade tokenized stocks on FTX from any of the banned jurisdictions, including the United States. Note that the set of allowed jurisdictions is subject to change. + + +How do you trade tokenized stocks on FTX? +Mechanically, you trade tokenized stocks the same way you trade other spot markets. Fees, API calls, and GUI instructions are all the same. + +In order to register for tokenized stocks trading on FTX, go to https://ftx.com/eu/tokenized-equities-kyc to submit your KYC information to and become a customer of FTX Switzerland. + +Following that, you may be asked to answer some information on your trading experience. + + +How long does KYC take? +First, you must be KYC 2 on FTX. That can take up to a day. + +Then, you submit your KYC information to FTX Switzerland. That could be quite fast, but generally takes a couple business days. The process takes substantially longer if you submit incomplete or unclear KYC information. + +Note that if you have an institutional account on FTX, KYC with FTX Switzerland will likely take at least a day or two. Individual accounts are often faster. + + +How are corporate actions handled? +Holding tokenized stocks on FTX entitles users to dividends, etc. of the underlying stock. FTX will pursue all reasonable actions to have the tokens on FTX reflect the corporate actions of the underlying equities, including through dividends and stock splits. It is not anticipated that the shares will exercise their voting rights but FTX Switzerland may do so in its discretion. + +For US listed products, the dividends on FTX will be paid out at 2pm HKT on ex-date. At this time US equities are closed, and it's between after-hours and pre-open trading. + +We will continue to investigate but for now dividends will be paid out gross of tax, and it will be up to each user to understand the tax consequences of any dividends they receive. + +Dividends will generally be credited to your account around 2pm HKT. + +In the event of an unusual circumstance we will endeavor to have a fair and reasonable resolution. + + +What hours to tokenized stocks trade on FTX? +24/7! Note, however, that the the liquidity of the underlying assets may vary over the course of the day and week, and that might end up reflected in the liquidity of FTX's markets. + + +How do tokenized stocks interact with balances on FTX? +Tokenized stocks are spot tokens, like BTC/ETH/FTT/etc. They can also be used as collateral for futures trading on FTX, with a collateral weight of 0.85 (total) and 0.80 (initial). + + +How do futures on tokenized stocks work? +FTX also lists futures on tokenized stocks, including tokenized futures. + +Tokenized stock futures will track FTX spot markets as their index. They will work the same as futures on other FTX products, with the following conditions: + +1) In the case of an ordinary dividend, the futures will not have any adjustments + +2) In the case of many other corporate actions, including stock splits, significant spinoffs, etc., futures will adjust, either by changing denominators or by turning into a future on the whole basket in the case of spinoffs. + +3) FTX reserves the final right to determination. + +4) Futures expire to their index (generally the FTX spot markets) over the relevant TWAP period. + + +Trading futures on tokenized stocks on FTX requires the same KYC procedure as trading tokenized stocks themselves. + +Note that stocks can be highly volatile and illiquid, especially when their primary listing exchange is closed. Please exercise your judgement and caution when trading futures on tokenized stocks. Any risk that you take in your trades is your responsibility to manage. You might be liquidated if futures prices change. +11 store installs finished so far, several other corporations are also in talks with Tesla. + +http://www.bloomberg.com/news/articles/2015-04-22/tesla-powered-wal-mart-stores-attest-to-musk-s-energy-ambitions +One of my biggest and most annoying expense every year are expenses related to my twenty year old sports car which I've has for eight years. + +The car is fun but the expenses are not. + +One of MMM's old article suggests buying a reliable ten year old car as a way to minimise car consumption. + +Has anyone had any experience following this advice? + +I asked a mechanic and relatives who know more about cars than me and they say it's a terrible idea because repairs will constantly be required. + +They tell me to go for something around the three year old mark. + +Should I upgrade to a ten year old car or a three year old car? + +Appreciate all your thoughts. + + + +EDIT: I am really looking for perspectives from people who have FIREd with young kids or are close to FIRE with young children. + + +I've been planning my FIRE as a 26 F Financial Services professional. FI is within reach in a few years, and while I don't have kids and don't know that I will want them, I've been budgeting child related expenses into my FIRE number. However I'm seeing estimates for childcare in this and related subs that I don't understand. + +I'm seeing people estimate 30-40k a year per child, which seems astronomically high to me. As a child of immigrants, I went to public school, and while I had some afterschool activities, there's no way my parents' expenses ever got close to this high. Are these high figures lifestyle creep, or am I out of touch with the realities of childcare nowadays? Does a kid coming out of public school not have a chance of getting into a good college nowadays? What else gets wrapped into this cost, and how does it change with the age of your kid? + +FWIW I'm not considering savings for a kid's college fund in this number- I'm asking about pure expenses. For those who have FIREd or are close to FIRE, how much money do you budget toward your kids? + + +“*But, gentlemen of the jury, the good craftsmen seemed to me to have the same fault as the poets: each of them, because of his success at his craft, thought himself very wise in other most important pursuits, and this error of theirs overshadowed the wisdom they had, so that I asked myself, on behalf of the oracle, whether I should prefer to be as I am, with neither their wisdom nor their ignorance, or to have both. The answer I gave myself and the Oracle was that it was to my advantage to be as I am.*” + +\--- + +Before I give up the goods, I’m going to open with a relevant excerpt below from Dr. Trimbath’s book: ***Naked, Short and Greedy: Wall Street's Failure to Deliver***. + +&#x200B; + +https://preview.redd.it/8expfh069cv81.jpg?width=608&format=pjpg&auto=webp&s=bede916bcbc1ce4f8376722fecf6c969e8980d51 + +We’ve come quite a ways from the days of Duckduckgoing ‘how to buy gamestop stock’, and throughout our journey I’ve been often reminded of this explainer from the opening pages of her book. What I’d like to do now is to illustrate in this context what I personally interpret Boston Consulting Group’s role to be in this saga. This will just be the opinion I’ve reached myself after absorbing the full SuperStonk program thus far. Feel free to leave feedback if I’m off base here. + +\--- + +Without trying to link to all the separate 'Due Dilligence's that have helped combine to describe this particular fraudster elephant, (because that’s likely a Herculean effort in it of itself), I will try to summarize the thievery we’ve discovered as I understand it: + +**Before Ryan Cohen, Gamestop Corporation’s board was commandeered by bad actors that purposefully made poor decisions, or no active decisions in many cases that warranted it, in an attempt to guide the company towards the final precipice. These board members were not solo operatives, but were in fact, cohorts in deception with consultants they hired from the Boston Consulting Group (BCG), who also gave bad advice and overcharged in an attempt to be fiscally ruinous. And in turn, Wallstreet, and their many tentacles that have invaded MSM, worked in concert to trash the company’s reputation and simultaneously drive down their share price through naked shorting the stock in egregious excess. Excess beyond even the total free float of shares in existence. The naked shorting being an obligation that dissipates once the tanked company goes under and its stock is subsequently delisted.** + +I don’t believe we should stop looking into BCG at all. They are the contemptible hoodlums trying to damage **OUR** company. The ones, this very moment, expecting payment for shooting us in the chest. We should help our company by continuing to crowd-source diligence that could be useful. + +But after researching for this post, I’ve come to the conclusion that the corruption also extends to many more consulting firms than just BCG. It's wide-spread. And if predatory, disreputable consulting firms are one piece of the fraud puzzle at hand, then that makes BCG just part of that puzzle piece. Maybe one of the most corrupted parts though. + +https://preview.redd.it/1b8e1to6acv81.jpg?width=1600&format=pjpg&auto=webp&s=1aace6a962ea464bf6400c5877e09dd05e4e0585 + +But do you know what’s been bugging me as the biggest problem with this fraudulent disgrace for a free market with the given considerations considered? + +If Wallstreet can make a momentous killing by shorting an ailing company into the Earth, and then never answering for those short obligations, then what’s to stop them from helping any distressed company on out the door in this fashion? What’s to stop them from doing this constantly all over? From considering themselves corporate gods meant to decide who wins and loses? I’d surmise, based on the vigor they’ve displayed with attacking GME, that we weren’t the first case of excessive naked shorts, and that they’ve been confidently shorting and rehypothecating away like old pros for some time now. But there must be glaring evidence elsewhere then if this were the case. Right? Evidence of the entire crime orchestra rocking the house, and playing their individual parts as we’ve come to understand them? + +And so, I bring your attention to what might be the best running contender for ‘crime of the century’. The tragic story of General Motor’s spinoff: **Delphi Automotive**. + +\--- + +This research began because I noticed this was an infamous bankruptcy case, and it ended up [in the stock being delisted](https://www.sec.gov/rules/delist/34-52770.htm). Hmmmmmmmmmm. + +I'm trying to walk the line between a balance of keeping this digestible and succinct, as well as not doing the victims of Delphi an injustice by breezing through the tale too quickly. Because as tax-payers, you and I are victims in this one too. Like usual. + +Allow me to introduce you briefly to the company before we dive into the thievery and grifting analogous to our own stock. + +**Who were they?** + +(From Company-Histories-com) + + **Public Company** + **Incorporated:** 1998 + **Employees:** 211,000 + **Sales:** $29.14 billion (2000) + **Stock Exchanges:** New York + **Ticker Symbol:** DPH + + **Key Dates:** + **1888:** Delphi Auto's earliest predecessor is founded. + **1991:** GM organizes parts holdings into Automotive Components Group. + **1992:** J.T. Battenberg, III, takes the helm at ACG. + **1995:** ACG is renamed Delphi Automotive. + **1996:** Delphi institutes lean manufacturing practices. + **1997:** GM's Delco Electronics is transferred to Delphi. + **1999:** Delphi is spun off from GM. + **2001:** Delphi plans to cut 5.5 percent of workforce (11,500 jobs). + +**Company History:** + +Delphi Automotive Systems Corporation is the world's largest and most diversified manufacturer of automobile components. It was spun off in the mid-1990s from the world's largest manufacturer of automobiles, ***General Motors (GM), which still accounted for 70 percent of its business in 2000***, although it counts all of the world's manufacturers of light vehicles among its clients. The vast enterprise, occupying 190 factories in 31 countries, claims an invention a day, a new product or process every week. Sixty percent of the company's workforce is based outside North America. + +\* + +I also particularly liked this law professor's [piece](https://digitalcommons.law.scu.edu/facpubs/484/), that I found in the University of Santa Clara Law Digital Commons called: **The Delphi 'Bankruptcy': The Continuation of Class War** +**by Other Means**. He managed to distill an excellent summary. Here's an excerpt: + +https://preview.redd.it/8djghjwxmcv81.jpg?width=629&format=pjpg&auto=webp&s=e661597ce1bcc9c03cf469c16b155ce8f2993776 + +Okay, boring but significant history out of the way. If I haven't lost you yet, then here's the nitty-gritty of what a mountain-worth of digging and saving PDF's has culminated in: + +# To avoid pension obligations (as well as to score huge kick-backs for a select few) GM spun off Delphi Automotive with the purpose of going bankrupt. Bought and paid for actors in GM, the UAW (United Auto Workers), and Delphi all colluded to pillage and drain as much value as possible from the company, and sell off the assets and leftovers to Wallstreet. They used Chapter 11 Bankruptcy as the means to pass on the pension obligations onto the American public through the Pension Benefit Guaranty Corp. + + +General Motors installed one of their own, J.T. Battenberg III, to be CEO and he built his board with at least 9 outsiders. Considered a ground-breaking team at the time (they got gassed up in the media, to sell more stock that was later tanked) this in fact ended up being an intentionally awful team that lied about the company's financials to investors and was hit with an [investigation by the SEC](https://www.sec.gov/news/press/2006/2006-183.htm) that led to the resignation of many key figures including the CEO, Battenberg, and CFO, Alan S. Dawes. + + +[EZI has partnered with BCG on multiple projects over the years.. ..](https://preview.redd.it/ni33ne3hqcv81.jpg?width=557&format=pjpg&auto=webp&s=d280feca8d5714f0fe038b3bdae5cf319273bb6b) + +This board had plenty of schemes. + +[Is this the \\"Smart Money\\"?](https://preview.redd.it/j3sog1szxcv81.png?width=1122&format=png&auto=webp&s=a0ba7d50f9e19782c7e9c981af3aa2c05009135d) + +Once the old board was caught lying and steering the company into ruin, they then picked out a new board to replace themselves and then promptly resigned. Lovely right? And guess who replaced them? Bankruptcy extraordinaire, **Robert Steven "Steve" Miller**, also known as 'The Terminator' and 'The Hatchet'. + +[Also from referenced SCU piece](https://preview.redd.it/rw7u2l50vcv81.jpg?width=780&format=pjpg&auto=webp&s=6da120f5f113e76b11861821d759e80f2675152b) + +# Another compelling, corroborating take on Miller: + +https://preview.redd.it/ii5fwwvx4dv81.jpg?width=816&format=pjpg&auto=webp&s=f042233a36898c18c19f3878fde0bb1b352c256f + +https://preview.redd.it/sphukwvx4dv81.jpg?width=1700&format=pjpg&auto=webp&s=ac4980bbab44534bc3859548681987c9ed306d03 + +https://preview.redd.it/qywehawx4dv81.jpg?width=816&format=pjpg&auto=webp&s=efdf4784f9e4f436aea60b6520a4030fb81d752f + +https://preview.redd.it/111dswvx4dv81.jpg?width=816&format=pjpg&auto=webp&s=0fb7e9c38cc697ed1c076ee6ece198e53681e1d8 + +https://preview.redd.it/1t2tpyvx4dv81.jpg?width=1699&format=pjpg&auto=webp&s=bfe9d5f8cb49f49f55b143e2c470dc37816df590 + +\--- + +I almost made this post last weekend, but then I stumbled onto the revealing book: **Autoworkers Under the Gun,** by labor activist Gregg Shotwell. He worked manufacturing for GM on the groundfloor and witnessed and fought against the crimes perpetrated throughout the entire saga. I didn't get far into his book before realizing it was a vital resource, and by posting before I had finished it I risked missing an opportunity to feel up a new mysterious angle of the elephant. + +Reading Mr. Shotwell's chronicles shook me. His voice was humorous and familiar, but the tale was sad. I will gladly risk any credibility I possess by vouching that he is just as Ape as any Ape here in SuperStonk. Here's how he feels about Steve Miller: (the sample from his book is for educational purposes like all my samples): + +https://preview.redd.it/2y3xqbpfxcv81.png?width=2300&format=png&auto=webp&s=e486bf980a91e2cc338bd9645a6ed6e5e46347e4 + +He fought hard and rallied many others. He had a website and organized picketing and strike events, and so much more. With the help of the Wayback Machine I found many entries on his now dead website soldiersforsolidarity. + +&#x200B; + +https://preview.redd.it/89cv7lvjycv81.jpg?width=4327&format=pjpg&auto=webp&s=67dbc64d5b6f1a646221e7da5665da101ebf3f2e + +https://preview.redd.it/677xo0skycv81.jpg?width=1199&format=pjpg&auto=webp&s=ab4e967aacbbb51a3b769786917474c8e7409c35 + +# I'd like to review what we're looking for with this post before we get lost in the Delphi weeds so to speak here. Bad board? Check. Bad consultants? Also check. Here's the Detroit Insider on that: + +https://preview.redd.it/esj8vbx6zcv81.jpg?width=3128&format=pjpg&auto=webp&s=e969e0961ba6e0c1b5d7c39e7e0dbea4140cc425 + +https://preview.redd.it/x3131u18zcv81.jpg?width=566&format=pjpg&auto=webp&s=0029eaad8115cf2a3c22cd104efb5c541e6a1939 + +https://preview.redd.it/t303ieu8zcv81.jpg?width=559&format=pjpg&auto=webp&s=9b6b3b1844cd78a962f0909e0b64673af21bc80d + +https://preview.redd.it/dae1l5gazcv81.jpg?width=658&format=pjpg&auto=webp&s=df9a20056f80f3c17c761f867281ff5f613d45c3 + +# Negative interference from Wallstreet? Check. Mr. Shotwell has us covered on that too: + +https://preview.redd.it/fcraxouj0dv81.jpg?width=690&format=pjpg&auto=webp&s=87141bc66cfa1a58e026c136f6bfeea95665266a + +Mr. Girsky also was on the board at Nikola Corp. You know, the one that was caught frauding investors recently? + +Did GM's stock also get delisted in 2009? [Delisted, yeah.](https://money.cnn.com/2010/11/17/news/companies/gm_ipo_pricing/index.htm) + +Also look! BCG helped out! + +https://preview.redd.it/zytdudhf2dv81.jpg?width=1700&format=pjpg&auto=webp&s=b3f52ca7c53647e0e274fc2dcdb013f31bd8014e + +# I have so, so much more on this story, but this is already running long. And I've reached my max picture limit. I can't wait to hit post and have to add all the pictures back when automod rejects this in a moment for one reason or another... .... + +One last fun read for you that ties Mitt Romney and Bain Capital into this mess too. [Here's the article.](https://www.thenation.com/article/archive/mitt-romneys-bailout-bonanza/) + +Also a fun little tie into Koch Industries in that article as well (haven't forgotten about you, Charles) + +\--- + +**I had intended to make a second post that explored where the grifters went next after pillaging Delphi and her workers. But after some hesitation.. I've decided to just give a sneak-peek of what kind of red-yarn littered post that would be like here below, and if there is interest in the comments, then I'll go ahead with the write-up.** + +**Example**: I can connect this whole saga to GME with one long piece of yarn through the disgraced ex-CFO, Alan S. Dawes. + +Look up just about any of the companies he served on the board for, and you'll see they went bankrupt. Let's look at one called **Nine Point Energy LLC**. for giggles: Yup, bankrupted with Mr. Dawes onboard. Chapter 11. +Also on Nine Point's board is a **Patrick Bartels Jr.** of Invesco. You know, the guys with the Invesco QQQ Trust 1 or whatever, that Citadel Advisors is balls deep in? The same Invesco that the previous CEO Richard Wagoner of GM (yep the same pre-big federal bailout GM we just read about) is on their board as well. + + +**TLDR:** Our fight is not new. The playbook used against us has been refined and tuned for some time. But we have leverage that Mr. Shotwell of the auto industry did not. They **WERE** the means of production in their fight, they were the leverage, and that made striking so useful in the way of getting workers their fair share. But all GM and Delphi had to do was lock the workers out of decisions, pander and grandstand with lies to distract them, deploy careful legal footwork with chapter 11 abuse, and move the means of production out of country. They lost their leverage. + + +Our DRS'd shares are our leverage, and don't you let them go for anything under fair price (refer to [gmefloor.com](https://gmefloor.com)) We will not have another chance at this. Be strong for those that came before us, for yourself, and those that come after. + +I currently have a little over $300,000 in student loans. They’ve been deferred since I graduated residency due to COVID. I currently max my 401K and Backdoor Roth IRA; and have 3+ months of savings in an emergency fund. I currently am contributing to no other investments. + +Since loan repayment has been delayed again, should I be taking that money and investing it into my brokerage account even though we’re in a bear market, or should I be repaying my loans even though they are not due yet? Some (not all) of my loans are as high as 7.9% interest for context. +I've been thinking about this question for a while, and since the market's been going up, it's a good time to ask. + +**How do you decide when to take profits?** + +For example, do you just eyeball it, or did you make rules for yourself in advance? Do you set up automatic sell orders for when certain prices are reached? + +I've got rules right now, but they're bad, and I want to revise them. When I first started trading crypto in February of this year (I was trying to take advantage of the crash), I decided that I didn't intend to sell anything this year, but I wanted to make some rules just in case the market went crazy: + + Price goes up 10x: Sell 25% of original stack. Example: I buy $10 worth of a coin. Price goes from $0.10 to $1. Now I have $100. Sell $25. $75 in holdings remains + + Price goes up another 10x (i.e., 100x from the original purchase price): sell 50% of current holdings. Example: Price goes from $1 to $10. I now hold $750. Sell $375. $375 in holdings remains. + + Price goes up another 10x (i.e., 1000x from the original purchase price): Sell 75% of current holdings. Example: Price goes from $10 to $100. I now hold $3,750 of a coin. Sell $2,812.50. $937.50 remains. + + Price does anything else: Hold. + +As you can see, these rules are absurdly optimistic, possibly to the point of uselessness. So, now I'm looking to revise them--hence this survey. Thanks for your replies! + +Note: I have made a similar post on a different sub today, but it's getting downvoted into oblivion, and I wanted to hopefully get some more useful answers. + +Knowing that we'll only ever pay a maximum of £86k for social care in our lifetime (unless they change this number in the future) has this made anyone change anything about their investing/saving strategy? + +The two biggest assets for a lot of people are their home and pension. However, it's not so easy to access if, say, you have an accident/illness and need the £86k far before retirement age (so can't access your pension) and don't want to have to sell your home to access this cash. + +You could keep £86k in a S&S ISA so it's more easily available, but what if you need to access it during a dip in the market when you really don't want to be selling your investments for a possible loss. + +You could instead keep it in cash savings/premium bonds (well, up to the premium bonds £50k limit) for instant access and avoiding potentially drastic investment losses, but would likely get eaten away overtime by inflation. + +What do you think is the best place for this £86k "social care emergency fund"? +Disclosure: I don’t have a need to pump or pimp this stock as I am sitting on 3X on my investment and am a long term holder. Sharing here for general interest. + +The opportunity: The stock I am putting forward is Incannex Healthcare (ASX: IHL). I will link below a few threads which has more than info: + +https://hotcopper.com.au/threads/ihl-summary-november-2020.5786693/#post-49223375 + +Register for free and read an in-depth analysis here: https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/ + +Jan 2021 AGM presentation: https://www.asx.com.au/asxpdf/20210125/pdf/44rzr1bhj6wgzc.pdf + +My key notes: +Company is going after 4 drugs with very high $$$ markets which have unmet needs. + +Company’s trials are showing the drugs to be of very high efficacy and safety. + +BOD & Snr mgmt interests are aligned to SH and are of very high caliber. + +The regulatory environment globally is legalising/ re-classifying Cannabis (Medical Marijuana) and Psilocybin (Magic mushroom extract). However the company doesn’t use this news to pump their share price but instead focus on delivering great outcomes to the needy patients and shareholders. + +The register is relatively tight with a number of long term investors and Top 20 holding 38% of outstanding shares. + +Extremely respectful and intelligent forum on HotCopper where meaningful Q&A happens (a rarity on HotCopper). + +Company has enough funds in the coffers to see thru the trials. Also about 110 million options (about 10% of shares outstanding) due to expire later this year which will add to company funds. + +FDA approval on any of the pipeline drugs could result in the company going from under $200Mn market cap to a Billion quickly. + +There was a recent acquisition- Jazz Pharma acquired GW Pharma in a $7.2 Billion deal which is heralded as a first cannabis company acquisition by a major. Hence this drive more interest in the Medical Marijuana (MM) sector. (Note that I am not referring to the CBD or CBD oil sector). + +Good luck and welcome constructive feedback. +Ok, so I haven't posted a DD before and was thinking about it for a good while before pulling the trigger. At the end of the day, there's definitely something seedy about doing an enthusiastic writeup on a penny-stock, but at the same time we all appreciate that it's a shame that this sub can tend to only discuss the same 4 or 5 tickers and so often they end up being dogshit. + +Also, I have a fairly lengthy ban coming my way, so fuck it. In the interest of ticker diversity, and because it does seem to me to be a good one (at the very least, worth comparing with the ones you currently hold if you've been swept away by Julimar hype), here's my speccy miner DD. + +Aside: I don't really want to pump, so I'm not going to put a section about wHeRe It coUlD gO if they do find something. Hopefully it's still an interesting read without that though, and you can look at similar companies who have struck for comparison. What we can say is that at today's nickel and copper prices, the upside from here is very significant. + +So.. + +# What is this? +Low marketcap speculative metals explorer over in WA, aka hole in the ground with a liar standing next to it. + +# Quick sidestory / How I ended up here +When the PUR management put out an announcement about acquiring their Combatant tenements, I ended up on HC reading some of the commentary. Things were going well (back up the truck, DYOR, where are all the downrampers now LOL! etc.), when there arrived a poster who suggested that the interpretation of the ASTER, as done by the company and included in the ASX announcement, was extremely flawed. + +He went on to point out that those pretty purplish-red blobs scattered fairly regularly throughout the tenement were actually clouds, and even lined up the satellite images with the clouds with those ASTER images as evidence. + +One of the regulars there said they'd forwarded his interpretation to management and they passed it on to their geos, and then no more was heard of it (neither denial nor admission + retraction). This got me wondering, namely "who *are* these guys?", and more usefully maybe, "who is *this* guy?" + +So I followed him down a bit of a HC rabbit hole, and started looking into the companies that he talks positively about. One of them stood out, and that brings us to... + +# Desert Metals (DM1) +Explorer with 1600km^2 of exploration rights up in the desert on the northern edge of the Yilgarn craton in WA called the Narryer Project. **Not** a nearology play, rather some geologists with a thesis who are proving it out. + +## Stock history +IPO raised $5M at 20c per share, then they listed on the ASX on the 18/12/2020 and opened at 48c. + +## Capital structure +**SOI**: 55M + 12.3M options. +**SP**: $0.61 +**MC**: $33.6M (fully diluted 42.39M) +**Top 20 hold**: 62.55% + +### Shares in escrow +- 4.8M shares and 3.65M options are escrowed until Dec '21 + +- 15.2M shares and 7.65M options are escrowed until Dec '22 + +### Options +- Robert Stuart: 1,500,000 ($0.30 strike, exp 30/10/23) + +- Fathom Geophysics Australia Pty Ltd: 2,400,000, ($0.30 strike, exp 30/10/23) (Robert Stuart is a director) + +- Mark Stuart: 1,600,000, ($0.30 strike, exp 30/10/23) + +- Anthony Worth: 300,000, ($0.30 strike, exp 30/10/23) + +- West Coast Geoscience Pty Ltd: 1,200,000, ($0.30 strike, exp 30/10/23) (Anthony Worth is a Director) + +- Morgans (IPO lead manager): 1,650,000 (30c strike, exp 18/12/23) + +## Management + +- **Dr Rob Stuart (Managing Director)**: Geoscientist, previously Program Manager for Minerals Exploration at BHP for Coppel/Nickel/Coal in Russia and Central Asia. Prior to that he was Program Manager for near mine exploration at BHP / Nickel West in WA. Director of Fathom Geophysics, who have developed in-house algorithms for interpreting major edge structures and done a lot of the geophysical work here. + +- **Mark Stuart (Non-exec Chairman)**: Lawyer, businessman. Formerly Non-Executive Director of Indo Mines Ltd and Goldstream Mining Ltd, Managing Director of Uranex Ltd and Clancy Exploration Ltd, and Non-Executive Director and then Chairman of Havilah Resources Ltd. + +- **Anthony Worth (Technical Director)**: Geologist, previously director of Alamar Resources. Currently Exploration Group Consultant for New Business with First Quantum Minerals Ltd + +Commentary: For a mining company, this is pretty minimal. They also have a couple of secretaries, but it's pretty usual to see the board blow out by now. For me it shows a tight ship - for others it could show that there isn't enough work to manage and/or that they're overburdening themselves by not bringing/letting anyone else in. I reckon I'm right, but we'll see. + +## Top 20 + +The list is [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02323289-6A1012910?access_token=83ff96335c2d45a094df02a206a39ff4) - 62.55%. Rob 10%, Fathom Geophysics 10%, West Coast Geoscience (Anthony) 10%, etc. Top 10 own **~50%** of the company. + +The number #1 individual holder, with about 18%, is Brian Rodan. Previously Executive Director of Eltin Limited (largest full service ASX-listed contract mining company) for 15 years, plus a [bunch of other stuff, mainly gold-related](https://www.businessnews.com.au/Person/Brian-Rodan). + +## The Geology +### The Yilgarn craton +If you haven't come across this bad boy before, then you haven't been investing in speccy miners in Australia. The Yilgarn craton in WA boasts some of the oldest, most scientifically and economically interesting intact geology on the planet. There's a lot of cool astronomical and geological history here, but this is long already so we'll leave it aside. For now, suffice it to say that a large chunk of the world's nickel, copper, gold and iron sits in this region. + +You probably know it at the moment from Julimar and the associated PGEs, and it's trendy to point to the Chalice press releases which point to the borders of the craton being specifically interesting for VMS deposits, but let's keep nearology at arms' length for now and stick to Desert Metals. A good explorer should have a thesis that stands up on its own and not purely in reference to some more successful company. + +The Desert Metals thesis, heavily paraphrased by me, is made up of two parts: +**1.** The interesting parts of the craton in terms of volcanogenic nickel and copper sulphides (and their coincident PGEs) are the edges. This is academic, but in practice Chalice agrees on the western edge, and Sirius agrees at the southern edge. DEG, for their part, sit on one of Australia's best gold discoveries in recent memory at the north-western edge of the Pilbara craton. +**2.** The northern edge has been underexplored, and where it was explored it's been explored poorly. + +Which brings us to... + +### The Narryer Terrain +The Narryer Terrain is the northern edge. Below it sits some of the oldest intact earth's crust on the planet, on the surface it's a desert. + +Desert Metals spent two years acquiring exploration tenements up there that nobody wanted, largely prior to Chalice's Julimar discovery and the metals boom bringing the Yilgarn back into the investment and exploration spotlight. They listed in December last year, with a view to explore it properly over an initial period of two years. + +In total, they have 9 tenements which cover 1665km^2 in total. + +By the way, as soon as Desert Metals released their prospectus and analysis, Chalice immediately staked right next-door. + +### Previous Exploration +Previous explorers either thought that the gravity and EM anomalies were magnetite, or did believe in the VMS story but didn't execute. (Full exploration history [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02323282-6A1012902?access_token=83ff96335c2d45a094df02a206a39ff4) - page 116) + +In 2010, for example, Aurora Minerals ran a VTEM survey over one prospect (Innouendy), and identified an anomaly. They drilled it, missed it, and ran some downhole EM to see where it might be. So far so good. They gave that data to a geophysical consultant (Newexco) who excitedly used it to model two big 'category 1' conductors, and went as far as to tell Aurora exactly where to put the drill and at what angle. Aurora didh't drill there, and instead (surprise) ended up hitting dirt. A couple of months ago, Desert metals drilled that same anomaly but in the right place and hit massive sulphides (largely iron, but traces of copper and nickel. Assays pending). They reckon that they've just missed/clipped the conductor and are running downhole EM on this much better hole to find the middle of it. + +A brief aside: typically the market loses interest on mention of downhole EM. The reality is that these deposits aren't easy to hit, and a real explorer will sometimes take several tries at one before they get the angle right and strike the valuable mineralisation (in this case, thick massive copper and/or nickel sulphides) within the conductor. + +In hitting these, DM1 have gone a long way to proving both points of that thesis. They're the first company to ever hit massive sulphides in the Narryer, and suddenly their theory is starting to carry some weight. It's not magnetite, or salt water, and the previous explorers *did* drop the ball. + +Long before Aurora, Western Mining drilled another hole further south. They were sticking drills in looking for chromite, but instead found 14m of 0.59% nickel. DM1 have interpreted their hole to sit about 100m south of where the real conductor should be. + +So, great, there are sulphides and nickel. Where does that leave us? + +### Current exploration +Right now, they're drilling the anomaly which Western Mining clipped. It's modeled to be 4 conductors, and they're drilling 7 holes into them. + +Over the last month or two, though, they have completed airborne EM over their eastern tenements and are still in the process of running ground EM over their western stuff (east will be done afterwards) to follow up on 6-12 anomalies spotted in February by the helicopter. So far, in addition, they've identified around 15 strong anomalies in the eastern areas which fit the discrete blob/eye shape and EM + gravity profile of nickel/copper sulphide deposits. + +Some of these have 3 or more discrete conductors. Some prospects (it's a very big area) also have all the hallmarks of the AngloGold Ashanti 'tropicana' gold deposits which sit right on the southern border of the Yilgarn craton. + +## Quick and dirty peer comparison + +**PUR** +**MC (fully diluted)**: $80M +**SOI (fully diluted)**: 1.2B +**Top 20 hold**: 38.67% +**Directors hold**: 3% +**Prospects**: Phil's hill (1 elongated anomaly), Sovereign hill (nothing concrete so far), Ablett (2 anomalies) +**Progress**: Geochem, airborne EM, some ground-loop EM +**Thesis**: Chalice nearology, no real validation as of yet + +--- + +**MAN** +**MC (fully diluted)**: $77.6M +**SOI (fully diluted)**: 517.5M +**Top 20 hold**: 41.78% +**Directors hold**: 0.93% +**Prospects**: Newleyine (3 anomalies), Tolarmo north and south (4 anomalies) +**Progress**: Geochem, airborne EM, some ground-loop EM, some historical drilling +**Thesis**: Chalice nearology, no real validation as of yet + +--- + +**CPN** +**MC (fully diluted)**: $126.2M +**SOI (fully diluted)**: 70.5M +**Top 20 hold**: 61.09% +**Directors hold**: 10.7% +**Prospects**: Yarabrook, Avena, Ovis, Aries, and 6x XC-# anomalies. +**Progress**: [all things listed for MAN & PUR, as well as...] Three diamond drills, assays pending. One showed disseminated sulphides and two hit some narrow-moderate widths of massive copper sulphides. Some geochem work at Mt Squires on the craton's eastern border. +**Thesis**: Chalice nearology, with pioneering work at Mt Squires further east. Some good validation of model and method. + +--- + +**DM1** +**MC (fully diluted)**: $41M +**SOI (fully diluted)**: 67.3M +**Top 20 hold**: 62.56 +**Directors hold**: 29% +**Prospects**: 8-10 discrete anomalies at Innouendy and Irrida hill, >10 discrete anomalies at Breakaway and Dingo pass, 1 large + strong conductor at Belele +**Progress**: [all things listed for MAN & PUR, as well as...] Two diamond drills with assays pending, seven more in progress. +**Thesis**: Unique, some good validation of model and method. + +## Cash +The prospectus outlined their expenditures until the end of 2022. That's not to say that they won't raise until then, but there's no immediate rush. The newly identified anomalies and potentially significantly expanded program could easily justify a raise at some point. + +## Immediate risks/rewards + +- The seven drills in progress will show visuals soon. This could go either way: a good hit of chalcopyrite and pentlandite will send it flying, all dusters will see it retrace. I'm not going to guess how much, but it's fair to say that plenty of people will have bought for Irrida Hill and won't stick around for the DHEM. + +- Assays from Innouendy: these should arrive in the next couple of weeks, depending on labs. There's not an expectation that they'll be economic hits since they haven't struck the heart of the conductors with these ones, but some good nickel and copper would be promising for the further work there and would further validate the thesis. PGEs are a wildcard here, if they show up then that will be a left-field thing that likely gets bought quite hard, if they don't then some left-field investors who bought for PGEs at Innouendy (why tho?) would sell. Assays will also check for cobalt. + +## Futher reading +- [Prospectus](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02323282-6A1012902?access_token=83ff96335c2d45a094df02a206a39ff4). Since they only listed in December, this is a great read and covers the thesis in detail, plus all of the risks. The second half is an independent report into their methodology and prospects for each area. + +- Recent exploration updates [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02370879-6A1031561?access_token=83ff96335c2d45a094df02a206a39ff4), and [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02382185-6A1035796?access_token=83ff96335c2d45a094df02a206a39ff4) cover most of the developments since the prospectus was issued, but it's really not a lot of work to go and read all of the announcements in order for such a young company to get a good feel for what they're doing and what's next. + +## tl;dr + +If you're after an early-doors Ni-Cu-PGE explorer that isn't excessively pumped up off the back of CHN and is actually doing some real exploring over a huge and promising area, check out DM1's prospectus and see what you think of their model. These are exactly the sorts of companies that find something - lots of skin in the game, plenty of ground and a solid plan. It's very rarely the hype-beasts, whose management hold nothing but some cheap oppies, whose most profitable discovery will almost always have been Next Investors' email address. + +Plenty of good targets, solid capital structure, heavily invested management, no bullshit. +Alright fellow autists learn from my mistakes. Everything was going fine I cherry picked 12 stocks since late April and was up 47%. Not a bad effort for someone who's dad is also their uncle. Something changed inside of me and I effectively shat in my hands and clapped. All the meme stocks I didn't buy climbed up and up as I watched and slowly fingered myself by putting money into an etf instead of yoloing it. It's only a sample size of 3 weeks holding the etf which is down 4% which is a big enough dip to confirm etf's are the scum of the earth. Much like Jesus dying on the cross I have sacrificed gains on BRN to give you the answer you already knew. Leave etf's to the dogwankers at ausfinance and keep throwing cash at the wall on meme stocks. + +I love you all x +I apologize in advance if this is not what this subreddit is for and understand if this gets deleted. Just need to make a decision quickly and I’m desperate for advice. +I’m willing to accept this job offer if it’s a small pay cut as it provides better work/life balance, better leadership and advancement opportunities. But can’t figure out the math properly to see if it’s too much of a difference in pay from my current job. I’m being told that I’m going to at least break even but I want to be sure. +New job is $17 an hour, 40 hours a week, with commission. To keep it simple I am essentially guaranteed a minimum $900 a month in commission before taxes (I���m in Florida) so I would like to figure out the potential pay based on that at a bi-weekly rate and annually. +At my current job I make $22.11 an hour, 44 hours a week (4 hour mandatory overtime pay at 1.5) with a $2500 to $3000 annual bonus before taxes and a monthly commission which I average about $150 before taxes. Can anyone do the math for me? Thank you in advance. +I heard that you get different mortgages if the property you want to buy is an investment property instead of a primary residence and the interest rate for investment property mortgages are higher. So for example, can I just buy a 4plex with a primary residence mortgage and live in one of the units for a while. Then a while later can I buy another 4plex with another primary residence mortgage and just move and live in one of the units of the new 4plex? That way I won't have to pay the higher interest rates. Is this against the law? Thank you. +I'd encourage everyone to go. Now, let me make a few comments about what I wish I would've known or done. + + +1. Print the list and research before. The county workers move quicker than you could imagine and call properties by IDs, parcel #s, and court #s. No addresses mentioned. + + +2. Keep your composure as some funny stuff happens, but you can't laugh. Guys will bid $1 over, get lost and the auctioneer has to correct a bid. "Sir, you just bid $134,801, you can't do it again." It's funny to think people are making clerical errors with a large sum of money. + + +3. Bring a pen and paper. Internet and phone can't keep up. + + +4. Write down the companies name who bid. Research them. Some are smaller than they appear and may be good connection points to learn. + + +All in all, I realized that I'm still a few years away from feeling comfortable bidding on a house there for my area. There were 6-7 large companies and 6-7 smaller company/people. + + +I do have a few questions though if anyone can help: + +1. There was one guy bidding for all of the plaintiffs (mortgage companies). The auctioneer always asked, "can I waive reading" and he said "yes". Some of the bids, he would bid, "$100 and a max bid of $105,000" and then no one would bid and he'd get it for $100. And others he'd bid "$100" and not include his maximum and an auction would entail. Why did he throw out his maximum and was then allowed to win the auction for $100? + + +2. After the bid, the LLC name they would list a trustee and then a # and a date. What's that all about? + + +3. To anyone who goes consistently, ever seen a robbery outside? That's a lot of money orders and cash in a room. +I only scored 80 in a first year Macroeconomics test for business which isn't that good. I'm not that good at math either, but I find the whole subject extremely interesting, especially industrial organization. + +Because I'm doing a degree in business and management I really need to improve in some fields. Is it possible for me to gain a MSc in Economics? + +Total average for macro/micro is 75 +Hey! +I’m getting tired of working as an mechanic, it’s rough and I don’t like it as much as I used to do… + +The thing is do that all coffe breaks, free time and weekends I spend reading about the stock market and economics in general. I have been investing in the stock market for 4-5 years and for each day it sure does become even more interesting. + +So know to the question. I do have the skills needed (like the right courses and stuff I did back when I studied). So know I’m just thinking about getting back to school and completely change my carreer. + +Do you think I should? +I only scored 80 in a first year Macroeconomics test for business which isn't that good. I'm not that good at math either, but I find the whole subject extremely interesting, especially industrial organization. + +Because I'm doing a degree in business and management I really need to improve in some fields. Is it possible for me to gain a MSc in Economics? + +Total average for macro/micro is 75 +I would love to get answers from people who knew that they wanted to pursue Economics after high school. What made you certain that this subject was for you? (answers other than "I got interested because of my Econs classes" would be highly appreciated ) + +&#x200B; + +:) +So as far as I know negative interest rates imply that the Central Banks of the country charge other banks to deposit their cash. So how does this specific rate effect the prices of bonds? Furthermore why does this negative interest rate lead to lower interest rates every-here else across the economy? + +Thanks! +So, obviously the markets are solid right now, the economy is booming and the unemployment rates are out of this world. But, that can only be sustained for so long. + +So, how bad do you all think the next recession will be? What are some actions that the Trump administration can take to reduce the effects of the next recession? + +Lastly, what are some ways that the average citizen can prepare? +Recessions and depressions before the Great Depression resolved relatively quickly I understand. Why is it that the Great Depression and Great Recession took so long to recover from? Will future economic downturns take a long time too? How are we doing on this COVID crash and does it look like we’re in this for the long haul? +I always hear that railroads and electric companies work best when they’re nationalised. + +What industries do you guys think make most sense to nationalise? What is the reasoning behind nationalizing an industry? +Hey all, I’ve been watching Chernobyl on HBO and it got me thinking about the Soviet Planned economy. + +Did they train ‘economists’ in the typical fashion to plan the economy? Did they create their own economic theory in order to maximize their central planning? +I always have read how it's an inspiring book but after reading a few chapters it sounded terribly uninspiring to me. + +I say this as someone who in my circle is seen as super frugal and I save about 50% of my income on about $55k +I’m the breadwinner and my job is high paying and the only way my partner and I could fat fire in about 10 years. That’s a long way away and I have stress and anxiety around if I can keep this high paying job. I like the lifestyle around it and it scares me. Anyone have advice? + +Im starting to work with higher up people who all have their shit together, and are so confident. How do I learn to be ok with this power and be more confident and assured? +**TLDR:** Brokers refuse to DRS IRA shares stating it's against internal policy. They will do a distribution to ComputerShare but that is likely a taxable event. Capital Gains + 10% early withdrawal + state tax can be upward of 30%+ taxes. A lot of people message me directly to say that those taxes are peanuts. They are not. And if I don't have the money come April 2023 to pay them, I might have to sell. To me this sounds like what the SHF would want. So I present to you the steps I took to DRS **X,XXX** Traditional and Roth IRA shares with a NON-BROKER CUSTODIAN. This is not financial advise, just my experience, and I'm zen af now. + +"If your shares are registered with the broker, the fate of your shares lay with the broker (DTC). If your shares are registered with the company, the fate of your shares lay with the company (ComputerShare)" - Dr Trimbath from DRS Origin Story + +**Visual Guide followed by FAQ** + +[IRA AND DTC STOCK WITHDRAWAL](https://preview.redd.it/59dwd40pju491.png?width=771&format=png&auto=webp&s=622160a82d023ebdb8b09f5e1f0bbcc5488c1902) + +The overall steps are: + +1. Choose a non-broker custodian willing to direct register (DRS) your IRA shares, while remaining the financial custodian, and adding you as the registered owner - in the form of: Custodian Trust For Benefit Of your name IRA +2. I chose to work with Mainstar Trust ([https://mainstartrust.com/Contact](https://mainstartrust.com/Contact)) based on post and recommendations I've found. So far they have been extremely knowledgeable, responsive and helpful throughout this learning process. +3. Once you've made your selection, based on your DD, **setup a like-in-kind IRA account** with your non-broker custodian. These will be standard new IRA Account forms. like-in-kind means Traditional account for Traditional IRA and Roth account for Roth IRA. +4. Once the accounts are created, you will **fund them via a standard Transfer request**. The non-broker custodian will supply these and you can fill them out with your broker account information that you are transferring from. You don't need to contact your broker, unless you want to inform them to expect the request from your non-broker custodian. +5. Once the shares are in your non-broker custodian account, **request via email that they direct register them, for benefit of you, with the transfer agent** \- for Gamestop, that is ComputerShare. They should be familiar with this process. +6. Request they also scan and **email you the DRS Advise letter** when they have confirmation. +7. The DRS Advise letter will contain two pieces of information you need to create your ComputerShare account for your IRA shares: + 1. **Zip Code** on file (this will be your non-broker custodians zip code on the letter) + 2. **Holder Account Number** (starts with C00 on the letter) + +[Use the Zip Code and Holder Account Number from the DRS Advise Letter](https://preview.redd.it/57prvxirju491.png?width=772&format=png&auto=webp&s=ae2844035564c3dd37ac5b03f1e0d0177451fc1a) + +8. To initiate the ComputerShare account creation process, go to: [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) + +9. Click the **Register Now** link under Login + +https://preview.redd.it/i6k9iessju491.png?width=600&format=png&auto=webp&s=a9ef62740eee59603c44fd34a70bb141f1aba2d8 + +10. Under Confirm your details choose **Holder Account Number** + +11. Enter your Holder Account Number and Zip Code on file from the DRS Advise letter. + +https://preview.redd.it/ihd9l07zju491.png?width=620&format=png&auto=webp&s=c20945f2b5eff27251bbbb8852ea7a14692b0326 + +12. Fill in the rest of the details, stock name, email (**use a different email** if you already have an existing ComputerShare account for non IRA shares), password, and click Register. You will receive a confirmation and a notice that your **Account Verification Code** will me mailed to the address on file. + +13. Contact your non-broker custodian and **ask them to forward you your Account Verification Code** from ComputerShare. Mainstar did this for me in less than a week. + +[Note your Verification Code - and that Mainstar's PO BOX number is 420 - nice](https://preview.redd.it/kc018so0ku491.png?width=638&format=png&auto=webp&s=7a2658178b58cc1583c737df5638116395016ac7) + +14. When you receive the Account Verification Code go back to [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) \- this time choose **Login** + +https://preview.redd.it/ez8n9712ku491.png?width=609&format=png&auto=webp&s=955e3ca876db384e82d4ad23cafb61569a94a95c + +15. Use the Username and Password you created earlier. + +16. When prompted enter the **5 digit verification code** that was forwarded to you. + +17. Welcome to your IRA ComputerShare Account! **Congrats**, you made it! Now things to do: + +1. Update your email preference in your Profile +2. Manage your investment plan +3. **VOTE!** \- You can vote directly from ComputerShare! + +https://preview.redd.it/tmeqb873ku491.png?width=1166&format=png&auto=webp&s=bf10a975b56bda9f5569e9523ef20201c63e2582 + +**IRA DRS FAQ:** + +**Q:** How long does the overall process take? + +**A:** 10-20 business days. Things will go much faster if you contact Mainstar in advance and ask them to DRS the shares as soon as they get them, and to scan and email you the DRS Advice letter plus the ComputerShare verification code you will need to activate your account. Follow up with them, they are very helpful. + +**Q:** How much does it cost? + +**A:** Mainstar is $110/per account/per year. So if you had a Roth and Traditional loaded with GME it would be a total of $220 per year. Complete info on fees ([https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY\_EdUkg/File/20220307095230-Fee%20Disclosure.pdf](https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY_EdUkg/File/20220307095230-Fee%20Disclosure.pdf)) + +**Q:** Why do I need to use a separate email if I already have a ComputerShare Account? + +**A:** You do not want IRA shares mixing with non retirement shares. That could be a distribution, I'm also not sure ComputerShare would even let you and that could delay your whole process. + +**Q:** Can I sell directly from ComputerShare? + +**A:** No you need to use Mainstars online system or call or email. They are still the financial custodian and need process the sale. + +**Q:** How long does it take to sell? + +**A:** It takes 3-5 days to transfer back to Mainstar. You could do this tax free in advance when ready to sell. From there you can make immediate market orders or limit orders. + +**Q:** What happens to my funds after I sell, do they go back into my IRA? + +**A:** Yes, money goes back into your IRA at Mainstar, maintaining its tax free or tax differed status. + +**Q:** Can I vote directly from ComputerShare? + +**A:** Yes you can vote directly in ComputerShare, Mainstar also forwards you any documents they receive. + +**Q:** Why Mainstar Trust? + +**A:** [u/winebutch](https://www.reddit.com/u/winebutch/) posted about their successful experience months ago. I decided to pull the trigger myself. Since then I've heard nothing but good experience from other apes that have followed this guide. Mainstar reps are extremely helpful and familiar with the IRA DRS process, especially for GME! They do not use Apex and when I asked Dr Trimbath on Twitter about IRA DRS she recommended to try a NON BROKER custodian. + +Feel free to ask more questions and I'll research/update the FAQ as I go. The best way to get questions answered is to email/call Mainstar directly. + +Hope you enjoyed, SHOP, DRS, HODL, LFG! +I can see how it would be easier to start a company if you had enough to live on saved up. Is this anyone's plan? RE in your 30s or 40s and use the security and maybe some of the capital to start a company? +# The case against a 100% S&P 500 ETF portfolio + +A lot of investors have a 100% S&P 500 portfolio, especially in the United States. Over the long-term, a simple portfolio like the one mentioned above performed greatly over the past 50 years. However, I think it is possible for investors to have a diversified portfolio that has a lot less volatility with a similar (or even better) return. As the Nobel Prize winner Harry Markowitz said: “diversification is the only free lunch in investing”, and I believe it is true. + +The assets I will use in the experiment are: US stocks, REITs, Gold, Long Term Treasuries and Small Cap stocks. The reason why I chose these is because they have a negative, low or medium correlation and they have a risk profile similar to stocks, that’s why I did not include Cash or Short Term bonds). Small Cap stocks have a high correlation to US stocks, but they can be used to increase the return of a diversified portfolio (I will come back to this later). + +First of all, here is the correlation of all the assets mentioned above since 1994 : [https://imgur.com/hkCGcIV](https://imgur.com/hkCGcIV) + +As you can see, except for Small Caps, all of the assets have a low to medium correlation to US stocks. Now, let’s compare US stocks to every asset in this portfolio and see if any of those could be a good addition to an investor’s portfolio. + +# Gold + +Here’s what the risk/return profile of gold is compared to stocks since 1972 : [https://imgur.com/OtnER6L](https://imgur.com/OtnER6L) + +As you can see, gold both has a lower return and a higher volatility, so why would anyone want gold? Due to its low correlation to stocks, **holding a small allocation to gold actually increases a portfolio’s return and reduces its volatility when rebalancing annually**. In fact, a 80% stocks/20% gold portfolio had a return of 10.60% annually with a 12.97% volatility. + +[https://imgur.com/Ht8W3eE](https://imgur.com/Ht8W3eE) + +# Long Term Treasuries + +Long Term Treasuries is the asset with the lowest correlation to US stocks (-0.22), so it is one of the best diversifier an investor could have to reduce volatility. Here’s the risk/return profile for both asset since 1978 : [https://imgur.com/KHpYvlL](https://imgur.com/KHpYvlL) + +Long Term Treasuries underperformed Stocks by 2.74% annually. However, its volatility is about 4% lower. So if we add a 20% Long Term Treasuries allocation to a Stock portfolio, what happens to our portfolio’s risk and return? + +[https://imgur.com/cs9LoBW](https://imgur.com/cs9LoBW) + +A 100% Stocks portfolio would have performed better than a diversified portfolio with both Stocks & Long Term Treasuries. In fact, the 100% Stocks portfolio returned 11.43% annually while the 80/20 portfolio returned 11.25%. **However, the volatility is much lower for the 80/20 portfolio**. It had a 12.41% volatility, while the Stocks portfolio had a 15.16% volatility. + +# REITs + +Real Estate Investment Trusts (or REITs) have a medium-high correlation to US stocks (0.57 since 1994) and have a higher risk/return profile. I still included REITs in the analysis, because a small allocation to REITs still decrease a portfolio’s volatility. Here’s the risk/return profile for both assets : [https://imgur.com/to6TBcX](https://imgur.com/to6TBcX) + +As you can see, REITs both have a higher return and a higher volatility. However, once you combine both assets. **The portfolio’s return increases to 9.70% and the volatility decreases to 14.34%**. Below is a graph showing the difference in return between both assets (Stocks and REITs) and the diversified portfolio : [https://imgur.com/0PHqVqQ](https://imgur.com/0PHqVqQ) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Now, there are 3 assets that we know can help reduce a stock portfolio’s volatility and can sometimes even increase its return. But what if we invested in all of the assets mentioned above? For example, what if we had a portfolio that was 20% REITs, 20% Gold, 20% Long Term Treasuries and 40% Stocks? + +[https://imgur.com/fmlzQ73](https://imgur.com/fmlzQ73) + +As you can see, even though the return decreased by 0.38%, **the volatility decreased by more than 5.45%**. So even if you have high-risk tolerance, it can still be smart to diversify for two main reasons: + +1. The return of your portfolio won’t even be greatly affected in the long run +2. You can take additional risk elsewhere (e.g. replacing US Stocks by Small Caps, Emerging Markets or Growth Stocks) + +At the beginning of this article, I talked about Small Caps and their high correlation to US stocks. Obviously, Small Caps are a poor diversifier, but we can replace US stocks by Small Caps and increase the portfolio’s return. Adding a riskier asset with a high US Stocks correlation will obviously increase the portfolio’s volatility, but it will still be lower than if we had a 100% US stocks portfolio. Below is a table showing the risk/return profile of 4 different diversified portfolios by replacing US stocks for riskier assets : [https://imgur.com/vHJDfUt](https://imgur.com/vHJDfUt) + +As you can see, even when we replace US stocks by asset classes with a higher volatility, the portfolio’s volatility is still at least 3% lower than a 100% Stocks portfolio. **And when we replace US stocks by Micro Caps or Growth Stocks, the diversified portfolio outperformed a 100% Stocks portfolio with a much lower volatility**. + +To summarize, the different portfolio allocations mentioned above are the “free lunch” that diversification really is about and it possible to have a lot less volatility without sacrificing any return (we have seen that we can even increase a portfolio’s return with less risk). Obviously, we don’t know what asset class will outperform in the future, but this is only further reason why someone should not only have a S&P 500 ETF in its portfolio. + +TLDR: There is no cost in diversifying + +Source: [https://onemaninvesting.wordpress.com/2019/09/02/the-case-against-a-100-sp-500-portfolio/](https://onemaninvesting.wordpress.com/2019/09/02/the-case-against-a-100-sp-500-portfolio/) +I’m not sure if this is the right place, but I figured I’d start here in the hopes someone can point us in the right direction. + +My husband had a Golds Gym membership for years. Long story short, the location he was a member at closed permanently about 2 years ago. 2 years later, we’re still being charged his monthly membership fee. Yes, I realize “why didn’t you do something about this 2 years ago?” is a valid question - I wont bore you with details but basically mental health is a tricky bastard. We had read you needed to go in person to cancel the membership and the nearest location was 2 hours away, plus in the middle of COVID so one thing lead to another and here we are today. + +I was put in contact with a corporate manager who says they can’t do anything because this was a franchise. He’s forwarded our info the the prior franchise owner twice now (though he confirmed this person left Golds years ago, I assume when the location closed) but we’ve heard nothing. I’m still trying to get the direct contact of this person. + +What are our options? If we issue a stop payment, I had read that they could send us to collections. But can they if this franchise closed? This is so beyond unethical to me. Any suggestions are appreciated. + +Editing for clarification: I’m not trying to get the past payments back. It was our responsibility to follow through sooner and we didn’t, but the problem we’re running into now is this place (the franchise) no longer exists per corporate and corporate supposedly can’t help because it was a franchise. So how are we still being charged for a place that doesn’t exist? A few have commented about the membership possibly being transferred to another gym, but we have no record of a transfer so we don’t know where it would have gone. Also the physical location where this gym was is vacant. It was replaced temporarily with another chain gym for ~6 months but even that one closed. We’re going to move forward with a stop payment but my concern was being sent to collections. We will just have to see what happens and will continue escalating and doing outreach in the meantime. Thanks all for the input. + +UPDATE: the membership was in fact transferred to another local gym though we were not notified of this. We were connected with someone who submitted a request to the vendor to stop all charges. Unfortunately my husband was very young when he set this membership up after high school, and he used ACH, not a credit or debit card because he didn’t know any better at the time. Our bank can issue a stop payment but we’re told that it only lasts 6 months and if the vendor changes the amount at all, it will still go through. So we are closing this account and opening a new one to be safe. I haven’t received a response yet about whether or not the cancellation request was processed but given many other experiences on here, I’m not holding my breath. Also the new gym has horrendous reviews from others who also tried canceling their memberships and got the run around so… great. +Guten Tag to this global band of Apes! 👋🦍 + +Fifty Percent. + +Apes have now DRSed fifty percent of the free float of GME. +While there is still a huge number of shares yet to be locked away at ComputerShare, this is a huge moment in this movement. +It was around one year ago that the DRS movement really began in earnest, and in that year we have reached this point. +If there was any doubt about the power of the Apes, I hope that this erases it from your mind. + +As incredible as this is, even more so is the relatively low percentage of shares that I believe end up getting DRSed. +We've seen efforts along the way to allow Apes who have purchased through retirement funds to DRS, but as yet this is not possible for many. +No matter how easy the process is, there are many who have not yet called their broker to initiate the process. +There are some who have succumbed to the anti-DRS FUD, and have chosen not to send their shares to safety at ComputerShare. +And despite all of our efforts, there are surely many GME HODLers who still do not know what DRS is or have enough information to act. + +I remain hopeful as ever. +I am quite certain that Apes HODL well over the float, and our DRS momentum is going to continue well into the future. +As we await the next quarterly report and accompanying 'official tally' of shares at ComputerShare, please continue to support this movement. +We have seen the impact that removing our shares has had, particularly in the past few months. +Borrow rates are incredibly high. +The price, while clearly manipulated, continues to exert pressure on the SHFs. +As each share reaches safety, the tools at their disposal become less effective. +Diamantenhände will overcome. + +Today is Wednesday, July 27th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$32.90 / 32,50 €** *(volume: 1854)* +- ⬜ 115 minutes in: $32.65 / 32,25 € *(volume: 1844)* +- ⬜ 110 minutes in: $32.65 / 32,25 € *(volume: 1625)* +- ⬜ 105 minutes in: $32.65 / 32,25 € *(volume: 1625)* +- ⬜ 100 minutes in: $32.65 / 32,25 € *(volume: 1593)* +- ⬜ 95 minutes in: $32.65 / 32,25 € *(volume: 1588)* +- ⬜ 90 minutes in: $32.65 / 32,25 € *(volume: 1464)* +- 🟩 85 minutes in: $32.65 / 32,25 € *(volume: 1334)* +- 🟥 80 minutes in: $32.65 / 32,25 € *(volume: 1224)* +- 🟥 75 minutes in: $32.65 / 32,25 € *(volume: 1174)* +- 🟥 70 minutes in: $32.65 / 32,25 € *(volume: 1160)* +- 🟥 65 minutes in: $32.69 / 32,28 € *(volume: 1148)* +- 🟥 60 minutes in: $32.90 / 32,50 € *(volume: 1121)* +- 🟩 55 minutes in: $32.90 / 32,50 € *(volume: 1086)* +- 🟥 50 minutes in: $32.90 / 32,50 € *(volume: 1079)* +- 🟥 45 minutes in: $32.92 / 32,51 € *(volume: 1068)* +- 🟥 40 minutes in: $32.97 / 32,57 € *(volume: 768)* +- 🟥 35 minutes in: $33.06 / 32,66 € *(volume: 678)* +- 🟩 30 minutes in: $33.07 / 32,66 € *(volume: 677)* +- 🟩 25 minutes in: $33.07 / 32,66 € *(volume: 535)* +- 🟩 20 minutes in: $33.06 / 32,66 € *(volume: 535)* +- 🟩 15 minutes in: $33.05 / 32,64 € *(volume: 495)* +- ⬜ 10 minutes in: $33.02 / 32,62 € *(volume: 434)* +- 🟩 5 minutes in: $33.02 / 32,62 € *(volume: 420)* +- 🟩 0 minutes in: $33.01 / 32,61 € *(volume: 404)* +- 🟥 US close price: $32.43 / 32,03 € *($33.06 / 32,66 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0124. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +https://www.cnbc.com/2019/06/27/southwest-airlines-pulls-boeing-737-max-off-flight-schedule-until-october.html + +The extended cancellations will removed about 150 daily flights from Southwest’s schedule in September. + +The airline said customers impacted by the changes are being notified of other flight options. + +The FAA announced Wednesday that it had discovered a new issue with the Max that Boeing would need to resolve before the agency lifts the grounding order. +Guten Tag to this global band of Apes! 👋🦍 + +We are closing out another week in the GME saga. +Though everyone should know by now that low volume jacks my tits, the recent increase in volume appears to be driven purely by incredible levels of short selling. +There are few dumb enough to do that these days, when faced with an unflinching army of Apes HODLing with Diamantenhände and supporting a company that is incredibly well positioned for the coming recession. +These are desperate moves by hedge funds that are long past the point of no return. +They short because it gives them cash to survive another day, and their eventual demise will not be any worse because of it. +They've long since dug their own graves. +Their bags will be passed along for someone else to hold. + +Today is Friday, October 21st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$24.83 / 25,30 €** *(volume: 1346)* +- 🟥 115 minutes in: $24.61 / 25,09 € *(volume: 1346)* +- 🟥 110 minutes in: $24.63 / 25,10 € *(volume: 1343)* +- 🟥 105 minutes in: $24.66 / 25,13 € *(volume: 1343)* +- 🟩 100 minutes in: $24.75 / 25,23 € *(volume: 1343)* +- 🟥 95 minutes in: $24.71 / 25,19 € *(volume: 1259)* +- 🟥 90 minutes in: $24.72 / 25,20 € *(volume: 1257)* +- 🟩 85 minutes in: $24.73 / 25,21 € *(volume: 1257)* +- 🟩 80 minutes in: $24.72 / 25,20 € *(volume: 1257)* +- 🟥 75 minutes in: $24.72 / 25,19 € *(volume: 1257)* +- 🟥 70 minutes in: $24.72 / 25,20 € *(volume: 1257)* +- 🟩 65 minutes in: $24.73 / 25,21 € *(volume: 1091)* +- 🟩 60 minutes in: $24.60 / 25,07 € *(volume: 1091)* +- 🟥 55 minutes in: $24.59 / 25,06 € *(volume: 1071)* +- 🟩 50 minutes in: $24.60 / 25,07 € *(volume: 1071)* +- 🟩 45 minutes in: $24.58 / 25,06 € *(volume: 971)* +- 🟩 40 minutes in: $24.57 / 25,05 € *(volume: 971)* +- 🟩 35 minutes in: $24.55 / 25,03 € *(volume: 891)* +- 🟥 30 minutes in: $24.53 / 25,00 € *(volume: 891)* +- 🟩 25 minutes in: $24.53 / 25,01 € *(volume: 879)* +- 🟥 20 minutes in: $24.53 / 25,00 € *(volume: 879)* +- 🟩 15 minutes in: $24.76 / 25,24 € *(volume: 401)* +- 🟩 10 minutes in: $24.75 / 25,23 € *(volume: 401)* +- 🟩 5 minutes in: $24.43 / 24,90 € *(volume: 46)* +- 🟩 0 minutes in: $24.43 / 24,90 € *(volume: 40)* +- 🟥 US close price: $24.41 / 24,88 € *($24.39 / 24,86 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9811. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hello! I am back once again with more excel spreadsheets! + +I'll admit I was very happy to see the massive loss incurred by Melvin Capital, but it kept nagging me, how the hell did they manage to loose literally 49% their portfolio? + +So I decided to look at their most recent 13F to see what kind of shenanigans they got themselves into. + +First I am going to explain my methodology, my first step is to look at their entire balance sheet to sum all their assets for Q1, assuming nothing was sold or bought (this is not true as they have filed a handful of 13Gs). + +To simplify, I assumed all options had the same value, and ignored any "underwater" option from their assets as they are most likely near worthless. + +I then looked at their put options, assumed that they would short in accordance with the value of their put position and assigned each security a weighting accordingly. + +I also ignored any profits they may have made from shorting stocks to minimize their theoretical profit for Q1, which in turn minimizes losses from bad shorts and biases in their favor again. + +I then took the Bloomberg report of a 49% loss from Q4, to Q1 to find their current book value, and then subtracted it from the Q1 value I previously calculated to find their liabilities. + +Now that I had their liabilities, I multiplied it with the weighting for each stock that was sold short but increased in price. + +Here is the loss porn! (conservative estimate) + +* AMCX: 478,836,892 in losses! +* AG: 1,648,838,826 over 1.6 billion in losses! +* **GME: 2,529,557,876 in losses** +* SPG: 2,377,789,757 in losses + +Shares sold short based on current market prices: + +* AMCX: 9,276,189 shares sold short +* AG: 95,088,744 shares sold short +* **GME: 15,973,464 shares sold short** +* SPG: 20,514,103 shares sold short + +Now assuming all else remains equal, the price of GME needed for Melvin Capital to have net assets of 0, is 881,19$. That being said, almost all brokers require you to have some collateral to ensure you can pay back any share sold short, so factoring in a margin requirement of 50%, **Melvin Capital get a margin call at 587.46$. At a margin requirement of 100%, Melvin Capital get margin called at 440.59$.** + +What was the all time high of GME before trading got shut down? **483$** + +At what price did we have that massive short attack in March? **360$** + +**Putting everything together, I believe that Melvin Capital was almost margin called twice already. They were only saved the first time because typically you get about an hour to reach the margin requirements.** + +Google sheet link if you want to see my calculations: https://docs.google.com/spreadsheets/d/1wUcNKh3RWMAcOG980IDqnLDdsKUqEKQAb3Ab-PSRecE/edit +We know about the short ladder attacks, we know that the extreme dips aren’t people selling... + +But what’s to say that every time it dipped heavily ($112 Thursday, low $200s Friday) that the shorts are exiting their positions? The “120%” short float we keep seeing thrown around without any sources comes out to ~80 million shares short, and the volume the past week is more than enough to have exited their initial short positions and reenter at ATHs in the $400s + +Looking for serious discussion, please don’t follow herd mentality and just spam HOLDDDDDDD and maybe we can arrive at some conclusions that will mitigate risk for the new WSBers that entered this play late +I currently have a 2009 VW Golf that I love but I’ve had it for 8 years and it’s coming to an end (over 110,000 miles, engine making all sorts of noises, scratches and dents all over). + +I’ve been looking to get a new used car for around £10k for a while but the market has been crazy. + +My dad has just purchased a new car and was going to part-exchange his 2012 BMW 5 Series (535d) for £8k but has offered it to me for £7.5k. + +It’s a really nice car but I’m just wondering if a jump from a Golf to a 5 Series as my second car is too much? I’ve checked the insurance and it’s coming up as £160 extra for the year which I’m comfortable with. + +I will be getting a personal loan for this purchase @ 2.7% APR over 60 months from Admiral Money (£135/pm) I aim to over pay this loan but I like the option of only paying £135 for the months that I need extra money. + +I don’t think I’ll be able to find a car as nice as this one on the market for £7.5k, should I just take it or wait for the used car market to calm down? + +What would you do? + + +[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!* +Last month, [JEDEC published the official standards for DDR5](https://www.forbes.com/sites/marcochiappetta/2020/07/17/next-generation-ddr5-memory-specification-for-high-performance-systems-published-by-jedec/#409a63cc525f), which are the standards for which all next gen DRAM will follow for PC/Servers (note: laptop/mobile devices use a different standard and I don't think corsair has anything to do with that industry). DDR5 offers double the speed and less power consumption than the current standards, DDR4. + +It currently looks like intel will start offering support for DDR5 in the middle of 2021 and AMD will follow in 2022. At that point, we can expect to see a mass wave of upgrades among high performance PC and server users, and Corsair is a big player in that industry. + +We don't know anything about the IPO details yet, other than they're looking to raise $100M. That said, with a reasonable valuation this could be a good option to jump on if you're looking for a 3-5 year hold. +EDIT: More insight on my situation, I moved it and it was a PAYG, run to a shop pay on a key and top it up. (horrible). I wanted to switch to direct debit, tried SSE but then to Octopus due to their customer service being much better, both stated I need a smart meter first before I go on any plan. So, SSE got an appointment to install one in October but engineer never turned up, so they rebooked for JANUARY!? + + +Octopus said get your smart one installed, then come to us to switch because if you switch now you'll still be on PAYG and you'll need to wait 5-6 months for a smart meter to be installed. + +&#x200B; + +My plan IF SSE engineer turns up to install the smart meter... Switch to Octopus on DD. If the engineer does not turn up, then im stuck. No idea what to do as I will be stuck with PAYG still. + + +END OF EDIT + +\---- + + +I've recently purchased a 1 bed flat, just me and my partner live here and we're even careful about leaving switches on! **I'm getting charged £8 per day for electricity with SSE** and I'm on a pay-as-you-go standard meter, but it's scary, in one month that would be £240, after a year that's £2880 that I am spending on electricity! Is this normal? Everywhere else I see that it should be around £2-4 per day for a 1 bed not, £8?! + +I'm stuck with SSE who has to record the worst customer service they have "lost" money from my meter before, but later sent it back in a cheque, the rates I pay: + +Standing charge per day 28.2p + +Day energy per KwH 21.56p + +Night energy 14.96p + +&#x200B; + +We hardly use much appliances... + +Always on: + +Fridge + +Water boiler (for warm water) + + +**EDIT: This is what I use, many said this can be the issue:**[**https://imgur.com/a/7qB3ffs**](https://imgur.com/a/7qB3ffs) + +Usually on: + +Lights + +Sometimes on: + +Heated flooring instead of a radiator. + +I can't find help anywhere, wanted to switch to octopus but they said it will take a while, SSE puts you on hold for an hour to then send you to the national grid, the national grid would tell you that SSE needs to solve this. + +I'M STUCK! Please need some help here for winter :( +My grandmother passed away earlier this year, and she left behind a small inheritance. However, she has gifted me £10k in cash as part of it. + +When I say cash, this was stowed away under her mattress, cash. + +My mother tells me she always used to withdraw her pension, but she never knew what she spent it on - I think we've figured out what she's been doing with the pension she hadn't been spending now. + +Can I just drop this into my account? Last month, I dropped 3k into my account through a car sale (and not re-purchasing another), and this month I'm dropping in 10k - I have no idea if that will look suspicious, given that most of my activity has been mainly via salary payments and online etc. + +&#x200B; + +Thanks. +Hi all, + +I’m at the Permissionless conference in Palm Beach, Florida. + +I’m currently sat in the hotel lobby, adjacent to the exhibition centre, to do some work in between talks. There are 2 other groups chatting away around the same coffee table and I couldn’t help but listen in to one of them. + +It is a senior person at Bitwave in particular (https://www.bitwave.io) speaking to some people from EY. I looked up the company and found him on linked in so I know his name and role etc, but won’t dox him here. I also wouldn’t post it, but in the conversation he said that this was public now, so he could discuss it. + +(Happy to verify with a photo and proof I’m here to the mods) + +Basically he said that Bitwave was working with GameStop on their NFT marketplace. I didn’t catch everything, but they are phasing the implementation because ‘GameStop are under so much pressure to launch the marketplace’. + +From my research Bitwave advises and/or calculates tax for companies and crypto projects. I assume/speculate this advice/tax calculation would extend to the users of the nft platform so GameStop can de-risk and facilitate the tax considerations for platform users. + +Key takeaways: +- the GME team is working as fast as they can +- apes are everywhere! + +Peace and love! + +Cheers + +X +Hi everyone! Essentially, my degree incorporates three subjects. Questions as to whether econometrics is an important and useful course seem to have a consensus of a resounding 'yes', although these questions are with regards to majoring in economics specifically. I'm never going to be a number cruncher. I'm more interested in public policy and political philosophy than econometrics. However, I'm concerned I am underestimating just how important econometrics is as a course. I'm afraid I also know almost nothing about what it entails and the benefits it will bring to my understanding and employability. Do any of you have any insight? Thank you!! +Hi all, +Given President Trump's signing of his "one-in, two out" executive order today (calling for each new regulation to require the removal of two old regulations), I wondered about the effects of these policies on other countries. Can anyone provide discussion or research on how similar policies have fared in the UK, Canada, or Australia? +I have often heard LTV to be called an outdated concept from a different time period. + +If so, does it spell the death of Marxist thought in general? + +Also if labour is not the sole creator of value then does it at least play an important role in its creation? + +Thank you +I read in the news that Russia owns bond debts which are denominated in, say, dollars. And Russia is now is in danger of default because it wants to pay bond debts with rubles instead of dollars. + +My question is presumably Russia is paying the dollar-denominated debts with exactly how much that debt would cost in rubles (e.g., if debt is 100 dollars and exchange rate is 100 rubles/dollars, then Russia is paying 100\*100 = 10000 rubles), why can't Russia just exchange the rubles for dollar first in some currency exchange and then pay the debtee? +Over the course of the lockdown, many studies have shown the price of food to increase. However, if wages are not rising and many are out of employment, this means that the reason for the rise in prices are not related to demand-pull inflation right? +If so, what is the reason behind the increase in prices? +Wouldn't the belligerent countries nationalize the war industry so equipment and stuff become free? +&nbsp; +England had a quarter of the population of the world and 30% of the world's land at the time of World War 2. +Still, they went broke after the fighting ended. +&nbsp; +America also wasted **1.7 trillion dollars** on war in the last few decades even though if the war industry were nationalized they would just be able to *make* the equipment and what not, the only real costs being soldiers' salaries. +&nbsp; + edit: K thx this question has been answered +This may be completely off base but I thought it was an interesting question that I would like to have a discussion about. + + +The way I see it, wages are a function of supply and demand in the labor market. Obviously worker productivity, and other factors plays a role in the wage a worker earns, but the simple relation of supply and demand for labor must also play a crucial role. + + +Up until the 70's, the supply of labor wasn't changing all that much (and may have even been shifting left as the labor force participation rate for men has been decreasing since 1950). Looking at the labor force participation rate between 1948 and 2018, you can see that prior to about 1969 the lfpr remained relatively flat, around 60%. In the 20 year period after that though, the lfpr climbs up to almost 70% at around 1990. In the same period, the lfpr for women climbs from about 50% to 70%. + + +Now it seems to me that prior to 1970, the demand for labor outpaced the supply of labor. The population was growing, there were more mouths to feed, American manufacturing was still a relatively strong industry, etc. , and the supply of labor remained relatively fixed, and may have even been contracting starting in the 50s. This phenomena is, at least in part, what drove the real growth in wages upwards for the majority of US history. + + +In 1970 though, a huge glut of new workers (women) entered the workforce at a pretty stable rate, increasing the supply of labor and putting downward pressure on wages. This effect, against the growing productivity of the American workforce, resulted in real wage stagnation since the 1970's. + + +I don't want this post to come across as me saying women shouldn't work. That's just dumb. My point is that the glut of new workers may be at least part of what's caused wage stagnation since the 1970s. + + +Any thoughts? What other reasons might have contributed to this phenomena? +I’ve never invested before but I’m very interested in it and it’s something I’d like to learn more about. + +I’m currently a student so I don’t have a large amount of disposable income. + +I was wondering if investing very small amounts, like around £10 is worth it just to practice and observe what happens. + +Let me know what you think + +I’m also open to suggestions about how to get into investing using other methods +As many of you already know, as of March 2018, [ING will require you to not only deposit $1000 each month, but also make 5+ debit card purchases each month to earn the bonus interest.](https://www.ing.com.au/savings/savings-maximiser.html) Many people here (including myself) do not make transactions with a debit card, and prefer to put everything onto a credit card and pay the balance off each month. + +Some may ask why we choose credit over debit, and there are several advantages. Protection against fraud and dodgy purchases, rewards/flybuys points etc, and easier budgeting are some of them. + +ING's inclusion of this new policy means I will be switching to another online bank (for example Ubank). I never use my debit card and do not want to feel pressured into using it or face losing hundreds of dollars in lost interest per year. ING have made some baffling decisions in the last 12 months, and will likely make more in 2018, so I am getting out now and saving myself the hassle. + +Thoughts? +I’ve [made $325,000 in 3 weeks](https://imgur.com/gallery/ls15gX3). + +I called [Zillow ($Z), SeaWorld ($SEAS)](https://www.reddit.com/r/wallstreetbets/comments/fi03cg/dd_yes_you_can_buy_puts_on_zillow_z_right_now/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf), and many others over my time here. + +Up until yesterday, I thought I was done. All the IV priced in... time to watch the world burn. + +Until something pretty caught my eye on the way out the door. ULTA ($ULTA). + +Would you believe it if I told you they have a market cap of $11B? And 1,124 stores? + +How do you think retail is going to fare over the next 1-2 years? How about a place that sells shit you can find on Amazon? + +Retail dying is axiomatic at this point... how ULTA is still standing, at this valuation, after withdrawing guidance announcing the closure of all their stores, is beyond me. + +I made a $40k bet, 4/17 $125 Puts at $9. + +Proof in top link. I believe we will see sub-$100 in next couple weeks. + +Best of luck everyone. And remember, stay safe, and just don’t dance. + +EDIT: + +For those of you claiming PnD, [I’m still here. ](https://imgur.com/gallery/Kpz3hFF) 💎🖐🏻 fellas. + +EDIT 2: + +Unlike my dad, [I’m not leaving you. ](https://imgur.com/gallery/OS5NRRS) + +Edit 3: + +This might fly in the face of Edit 2, but wanted to be transparent I’m at every step here. Holy shit Reddit, y’all are savages! You took an underlying equity that was $20 out of the money, and kissed it up to the strike, within a few hours. As any responsible trader should do, and in times of every increasing importance during a recession, I [halved my position](https://imgur.com/gallery/5H12SkX), moving from 40 to 20 contracts. I spent $36k on the play, cashed out $39k, and currently have $42k remaining that I am now riding out risk free. + +Remember the saying... “Pigs get fat, Hogs get slaughtered”. If you’ve made more than 50% on your money today, there is no harm or shame in taking some off the table. If my prediction plays out and we get into double digits, I’ll have again, and ride out the rest until a $50-$75 range, should that happen. Best of luck everyone, and stay safe and smart out there! + +Edit 4: + +[We’ve made the news!](https://imgur.com/gallery/GkXyZq3) + +Edit 5: + +So it looks like circuit breakers may be triggered shortly in futures. If this holds, Thursday may be the capitulation day we’ve been dreading / waiting for. This may print some serious numbers, at the collective expense of our economy. Wild times fellas... God save the Queen. +I've seen this discussed as a sort of side conversation, but I'm curious what folks think about finding work which you are passionate about. + +One common goal among folks in this movement is to not work, so you try to maximize income and savings to reach a point where you don't have to work. I'm in a circle of peers that are very interested in a career which fulfills their passion and which does good by the world. I'm starting a funded PhD program in clinical psychology in the fall, and I know I could have chosen a career that would make more money and that would probably still interest me (I-banking was one of my alternative career paths), but my hope is to do work that is meaningful to me and that makes an impact on the world. I still want to reach financial independence so that I'm not at the mercy of an employer, and I still would probably like to reach a point where I don't have to work as much, but I can't ever imagine fully retiring when I have a skillset that can do good for the world. + +I guess my questions are: did you try to find work that you're passionate about? If you couldn't, what made you decide to relinquish that particular requirement for work? If you did, what about FIRE appeals to you? + +Edited to incorporate some helpful comments. +The most common theory why Satoshi remained anonymous was out of fear he would be arrested or killed. + +Makes sense. He knew what he was doing, he knew the consequences, he knew how the corporate establishment worked. + +He knew that the corporate establishment would do ANYTHING to smear him as a bad person. They would have looked into his life and found something wrong, and highlighted that Nationwide through corporate media, and all those non-coiners that you see today saying... + +- cryptocurrency is bad + +- cryptocurrency is used by criminals organizations to hide money + +- crypto is a fad like tulips + +- it has no value + +- it's going to destroy the Earth as we know it. + +**All of those people would buy into it like a $1,200 iPhone to use for selfies and Facebook only because it makes them feel smart**. + +But Satoshi didn't only remain anonymous for this reason, he remained anonymous to protect you, he did it for you. He knew the corporate establishment had Mass control over the internet, and your privacy would be invaded like termites in a dead tree. + +He knew your information being exposed can be used against you at any time if somebody powerful wanted to ruin your life for going against them. + +He knew that if he was smeared that way that there would have been Draconian laws well before 2017 preventing Bitcoin usage. + +###He knew the only way for it to be adopted before it can be taken down was for most people... + +- not to hear about it before there were already enough adopters + +- not to understand it so the establishment wouldn't understand enough to see it as a threat. + +He knew it had to be a very slow adoption. + +###Now you have countries nervous and trying to compete with it. + +That's why China has the... + +###e-Yuan + +So hats off to Satoshi + +Thanks for helping us establish decentralization against corporate nation. + + +EDIT: I ACCIDENTALLY HIT POST WITHOUT FINISHING. +Just interested to hear the responses and the reasoning for the stock pick. I’ll be looking over this post at the end of next year and throughout the year to kind of see how Reddit does. + +Do you have any stocks that you think will have potential massive growth in 2021 or beyond? Why? + +Hope all is well, and best of luck investing in 2021! +My lease says my rent is $1,087 per month. It says in the lease that "Rent above includes all additional fees, rentable items, and processing fees." The lease also states that the rent can only be paid through their online payment site. + + +When I go to the online payment site there is an additional $40 per month "service charge" to pay rent (making my total rent $1,127). Is this not against the terms of the lease? Is there anything I can do? I know it's $40 per month but this seems unfair. +Just curious if most swing traders are shooting for the moon with 15% gains on a single trade, or settling for more modest gains at 3-5%. + +If aiming for more modest gains of up to 5%, do you place your stop loss closer to your buy price (to maintain a 3:1 reward/risk ratio), or do you allow it to dip up to 5%? + + +I've read a few conflicting things, so I'm trying to figure out what some real people are actually doing, and if that's working for them. + + +Many thinks! + + +(PS: I'm a newb. Roast away.) +Just curious if most swing traders are shooting for the moon with 15% gains on a single trade, or settling for more modest gains at 3-5%. + +If aiming for more modest gains of up to 5%, do you place your stop loss closer to your buy price (to maintain a 3:1 reward/risk ratio), or do you allow it to dip up to 5%? + + +I've read a few conflicting things, so I'm trying to figure out what some real people are actually doing, and if that's working for them. + + +Many thinks! + + +(PS: I'm a newb. Roast away.) +Would anyone be able to recommended a place or site I could learn to trade, I have little to no knowledge on trading but a few of my friends have recommended getting into as they have ditched they’re part time jobs for it. I’m 18 and currently work at McDonalds before I got to university. Most of the information or the courses online just seem to want my money and don’t actually provide sound information. If anyone could recommend a good platform, helpful books or even anecdotes of how you started I would really appreciate it. +Just curious if most swing traders are shooting for the moon with 15% gains on a single trade, or settling for more modest gains at 3-5%. + +If aiming for more modest gains of up to 5%, do you place your stop loss closer to your buy price (to maintain a 3:1 reward/risk ratio), or do you allow it to dip up to 5%? + + +I've read a few conflicting things, so I'm trying to figure out what some real people are actually doing, and if that's working for them. + + +Many thinks! + + +(PS: I'm a newb. Roast away.) +*This is a summary of the paper titled "The Psychology of Financial Decision-Making: Applications to Trading, Dealing and Investment Analysis" by Denis J.Hilton* + +*I thought it might be useful to the members of the sub, so I created this post. Feel free to leave any comments or thoughts. Trading psychology is a HUGELY important part of trading, one which most people neglect until its too late and they have already blown accounts. This paper offers an interesting academic perspective to the psychology of trading, and the different ways to improve your psychology.* + +&#x200B; + +“Everyone complains about his memory, and no-one complains about his judgment”— La Rochefoucauld + +&#x200B; + +**The Seven Deadly Sins in Financial Decision-Making:** + +1. *Confirmation Bias in Hypothesis Testing and an Experimental Market* + +A well-known bias in human decision-making is to seek confirmation, rather than disconfirmation, for hypotheses. The danger of selectively searching for and interpreting information in financial markets is real. The truth is "There is a lot of data out there. The data will support almost anything. You have to watch out for confirmation bias in your thinking." + +Work in experimental markets, such as Forsythe et al. \[1992\], suggests that those best able to resist confirmation bias are the most likely to make money. Most profits went to a small minority of “marginal traders” who succeeded in buying low and selling high. These traders seemed to be able to resist confirmation bias by interpreting “news” dispassionately. In addition, the successful marginal traders were free of the false consensus bias, a tendency to overestimate the number of other people who share your preferences. The profits of arbitrage go to those who are free of judgmental biases. This seems to illustrate Soros’s \[1998, p. 25\] claim that a Popperian “disconfirmation bias” is 1) rational, 2) rare, and 3) profitable. + +&#x200B; + +2. *Optimism Bias and the Illusion of Control* + + Optimism bias refers to people’s tendency to believe that they are better than average, and that misfortunes are more likely to befall other people than themselves. Buyers and sellers in zero-sum markets presumably believe that they have the edge over the other party in the transaction; otherwise the market would not exist. The closely related illusion of control refers to individuals’ tendency to overestimate the control they have over outcomes. It can be induced by cues suggesting that the individual’s skill and ability can make a difference to the outcome, even when they are actually irrelevant. + + In some domains, optimism bias can lead to superior performance. Seligman reports that door-to-door salesmen who attribute refusals to external factors (bad luck, unsuitable client) rather than internal factors (poor product, inaptitude for sales) are more likely to be successful. This is presumably due to their greater motivation to continue enthusiastically after repeated failures and the need to exude confidence in order to convince clients. However, this phenomenon does not seem to generalize to the impersonal financial markets conducted through screens in dealing rooms. Fenton O’Creevy et al. \[1998\] find that overoptimistic traders (by measuring the illusion of control via a series of computer-based tasks) are less likely to show successful performance, based on both self-report and supervisor assessments of contribution to overall desk profits. + +&#x200B; + +*3. Overconfidence in Predictions* + + Expert predictions about the behavior of financial markets are generally quite inaccurate. An amusing demonstration of this was given by The Economist (“Garbage In: Garbage Out,” April 23, 1994, p. 86). In 1984, The Economist asked four groups of professionals to make ten-year predictions about economic prospects (four ex-finance ministers in OECD economies, four chairmen of multinational firms, four Oxford University economics students, and four London dustmen). Four indices were used: the average growth rate in the OECD during this period; average inflation; the price of oil in 1994; and when Singapore’s GDP would overtake Australia’s GDP. Joint winners were the businessmen and the dustmen; the finance ministers came last. + + A common way of assessing faulty calibration of predictions is to ask people to make a range prediction, so they are 90% sure that the actual value will fall within the range specified. For example, a money manager asked to make a prediction about the £/Euro exchange rate in six months could say that he is 90% sure that the exchange rate will be between 0.64 and 0.74 pounds. This procedure can of course be repeated with any number of other currency predictions, and if the manager is well calibrated, nine out of ten currency values should fall within the predicted range (“hits”). He should thus expect only one out of ten “misses” due to predictions falling outside the predicted range. + + In today’s markets, information is a double-edged sword—its presence should help us make accurate predictions and rational decisions, but it can also make us unduly overconfident in our predictions and decisions. This is especially likely today because the human decision-maker may have more information than he can effectively handle. + + The failure of financial decision-makers to learn from feedback and calibrate predictions accurately is especially intriguing given that markets are supposed to correct inaccurate expectations. One would expect people playing the market every day to get corrective (and expensive) feedback—for “experience is a dear teacher” (Benjamin Franklin). + + Hindsight bias (Fischhoff \[1982\]) means that post-hoc explanations are always easy to invent after the fact. As Fischhoff \[1982b\] puts it when discussing examples of hindsight bias: “One of my favorite contrasts is that when the market rises following good economic news, it is said to be responding to the news; if it falls, that is explained by saying that the good news had already been discounted.” + + Feedback in financial markets may be inherently difficult to recognize due to the high level of noise in markets. Failure to learn action outcome relations may be accentuated by self-serving attributions for success and failure (taking credit for successes and laying blame on external factors). + +&#x200B; + +*4. Mistaken Beliefs: Illusory and Invisible Correlations* + + Research suggests that the business world is rife with illusory correlations—beliefs that inaccurately suppose a relationship between a certain type of action and an effect, such as the belief that unstructured interviews enable accurate assessments of people’s personalities (Dawes \[1994\]). The world of finance is no exception. + + Conversely, an invisible correlation may be said to exist if a correlation that is “out there” is not spotted by a relevant community of experts. An example is the correlation between smoking and cancer, which was not spotted by doctors for three centuries. Recent research at the Max Planck Institute’s Center for Adaptive Behavior and Cognition suggests that the finance community may have also failed to spot some interesting correlations. As part of their research program on “simple but smart” heuristics, researchers at the MPI used the fame of German companies to predict share performance. They asked German laypeople whether they recognized a list of firms, and invested only in firms that were recognized by over 90% of the respondents. A similar procedure was used in the U.S. with U.S. firms and American laypeople. Over six months, the portfolios constructed this way had an overall better performance than the market, and outperformed both the Dax30 and Dow30 indices as well as the German Hypobank and Fidelity Growth funds that were used as benchmarks. + +&#x200B; + +*5. Risk Aversion, the “Disposition Effect,” and the Framing of Investment Choices* + + Imagine the following problem: Which choice would you prefer? + + a) a 25% chance of winning $30,000, with a 75% chance of winning nothing; + +or b) a 20% chance of winning $40,000 + +Most people choose (b) (Kahneman and Tversky \[1979\]). Now imagine the following problem: You are in a game with four players. Only one will move on to the next round (the others will win nothing). Imagine that you reach the second stage and you face the following choice: + +a) a sure win of $30,000; or + +b) an 80% chance of winning $40,000 + + Most people choose (a) (Kahneman and Tversky \[1979\]). This reflects a bias called risk aversion, and reflects a tendency to value certainty. However, the fact that people show preference reversals when the same problem is framed differently delivers a fatal blow to expected utility theory as a descriptive model of human decision-making. If people use expected utility theory, they should have picked (b) in both cases. + + Kahneman and Tversky’s \[1979\] research shows that people’s tendency to risk aversion can change radically when they are faced with losses. Consider the following options: + +a) a sure loss of $30,000; or + +b) a 20% chance of losing nothing, and an 80% chance of losing $40,000 + +Here, research indicates that most people would choose (b), while they would choose (a) in the previous problem concerning gains. Generally speaking, people become extremely risk seeking when confronted with losses. + + Traders also take riskier positions on the day after a loss. This tendency to risk-seeking after losses also manifested itself within the day’s trading: Traders showed a tendency to take “long shots” in the last hour or two of trading at the end of the day if they were down at 3:00pm. None of this behavior can be predicted by rational models of choice, and seems unlikely to contribute to the overall efficiency of a trading desk’s performance. + +*6. Mental Rigidity: The Psychology of Under- and Overreaction in Financial Markets* + + If most players in a market are conservative, owing to such factors as status quo bias (Samuelson and Zeckhauser \[1987\]) and confirmation bias, they will react insufficiently to information that disconfirms prevailing market opinion (e.g., information about a particular stock, sector, or market). This is the underreaction phase. Eventually, so much negative information will accumulate that the market will collectively revise its opinion and start selling. This tendency is reinforced by the self-fulfilling nature of market prophecies (Orléan \[1998\]) and will result in herding behavior and a race to sell. This is the overreaction phase. As a director of a U.K. investment fund put it to me: “Markets are a form of groupthink. Part of what the markets do is self-reinforcing.” These phases of market underreaction and overreaction can present attractive opportunities for traders. + +&#x200B; + + *7. Mental Accounting Biases: The Construction of Values and Preferences* + + Mental accounting fallacies occur due to the effect of context on people’s evaluation of the same items. People’s memories are, in an important sense, constructed on the spot rather than retrieved intact from a stable long-term memory, and are thus susceptible to influence by irrelevant contextual factors at the time of judgment. Just as memories for events are not retrieved wholesale from memory, so it seems that we do not have “intrinsic values” that we retrieve from our deepest “real” selves that determine our choices. + +&#x200B; + + **The Social Context of Decision-Making** + + Keynes compared markets to beauty contests, in which judges not only had to take into account their own preferences about the prettiest face but also the preferences of other judges. Finance professionals may see it as part of their job to talk to other players in there. But they may be less aware of the potential influence of other people’s opinions on their own mood and behavior. Research shows that individuals with low self-esteem and confidence are more susceptible to influence by others. + +&#x200B; + + *Groupthink and Risky Shift* + + One well-known phenomenon in group decision-making is groupthink—a process whereby a group of individuals mutually reinforce each other into believing that their collective point of view is right. Research on groupthink grew out of identification of the group polarization phenomenon, which began with the discovery of the risky shift in group decision-making by Stoner \[1968\]. When presented with risky choices to make, students at the School of Industrial Management at the Massachusetts Institute of Technology were often likely to prefer riskier options after group discussion. + + With certain kinds of topics, group discussion tends to lead to greater caution, an effect known as cautious shift. Cautious shift typically occurs, for example, after discussion of risky decisions involving health or human life. Social psychologists prefer to talk about group polarization—the intensification of shared attitude positions (to anything ranging from risky decisions to politicians) through group discussion. Explanations for this include information sharing (through discussion each individual may hear of new reasons to support his initial position, leading him or her to become more confident), and diffusion of responsibility (the individual’s neck is no longer on the line if the group takes a risky decision and it goes wrong). + + In general, research shows that groups make better decisions than individuals. The traditional explanations for this are that more information is likely to be shared, different points of view examined, and so on. However, research also shows that group discussion is more likely to improve decision quality if it is conducted in ways that facilitate information pooling and objective and complete analysis of options, and that there are circumstances in which group discussion actually worsens decision-making performance, as in the groupthink phenomenon. + +&#x200B; + + *Effects of Accountability on Decision-Making* + + Another perspective on social processes in decision-making is obtained through examining how the effect of having to explain or justify one’s position to others affects people’s judgment and decision processes. Giving explanations to others may force decision-makers to articulate assumptions and explore options more fully, especially when their interlocutors are not familiar with the domain. + + Making decision-makers accountable may make them less (not more) rational. In social life, we are often required to explain and justify our decisions to others. Indeed, the very aim of decision-making is often to produce a decision that one can justify to others—for example, to one’s desk manager in a trading room. This consideration has been shown to affect risky choice. Thus, when people know they +will have to justify their decision, they may be less concerned about maximizing expected utility in their decision-making than about constructing the decision that is the most easily defended in public. + + Accountability pressures of this kind may make the individual trader unduly risk averse and more likely to forego attractive (but risky) opportunities. + +&#x200B; + + **Potential Applications of Psychology for Finance** + + *The Psychology of Markets and Financial Strategy* + + The identification of successful investment strategies is one of the major applications of behavioral finance. Behavioral finance seeks to identify and explain anomalies in economic behavior, such as underreaction, overreaction, and calendar effects in security prices (Thaler \[1992\]). These in turn suggest investment strategies of various kinds (de Bondt \[1998\]; Vriesen and Tempelaar \[1998\]), such as momentum strategies (going with the trend) for short-term investments (six to twelve months) and contrarian strategies (going against the trend) for longer-term investments (three to five years). + + Other studies suggest that one reason decision-makers may have little insight into the true causes of their financial choices is that they are unduly influenced by feelings. For example, MacGregor et al. \[2000\] show that business students are strongly influenced by positive and negative associations of financial products that are not based on relevant market information. They may have a positive “image” of a market sector such as “major pharmaceuticals” because this sector is associated with “healing,” “beauty products,” “cleanness,” and so on, while another sector like “railroads” may be associated with negative features such as “dirty,” “old,” “used by poor people,” and so on. Their judgments of how well these industry groupings had done in the past year and would do in the next year, as well as their willingness to buy, were predicted by how positive their images were of these sectors. However, their judgments and willingness to buy were only weakly related to indicators of actual performance. + + As one junior trader on the London markets put it: “Overconfidence is the big problem—you get carried away with success. You then have to go back over your behavioral attitude.” + + “Most research into cognitive bias suggests that investors tend to overweight recent information.” + + Overconfidence in the accuracy of one’s predictions seems to be such a robust and widespread phenomenon that it is probably multiply determined. Contributing causes probably include information overload, confirmation bias, failure to recognize informational redundancy, poor cue-outcome weighting, belief in illusory correlations between outcomes and cues, and failure to learn from feedback (Hilton \[1998\]). + +&#x200B; + +I also particularly like how the author amplifies and assures us of the importance of psychology when dealing with the financial markets: + + The simple calculation is the following: A conservative estimate of net revenues from the London money markets is $15,000 billion per year. If better use of psychology contributed only an 0.1% increase in efficiency to revenue earnings in the City of London, this alone would amount to a revenue increase of $15 billion a year. At the level of an individual firm we might imagine a typical trading desk that trades government securities and reports a trading profit of $50 million per year. If a targeted psychological intervention led to a 1% increase in trading profits, this would increase trading profits for this company alone by $500,000 per year. Assuming that the effect of the intervention lasted ten years, this would amount to a net gain of $5 million. I hope this helps the reader to decide the value of investing in psychology for the financial markets. + +&#x200B; + + I hope you all enjoyed and view psychology with greater importance now. + + NathMcLovin! +I have only been running the wheel for a short time. I feel like a lot of people are in the same boat on this sub. + +Long time wheelers (4 plus years) what type of returns are reasonable for us to expect when volitility drops and the world 'normalizes'? + +Anyone want to share their time frame and average annual return selling theta? +This community and its moderators allow a free flow of information and ideas which benefits all of us. I tried to post something on r/stocks related to inflation and the economy, which definitely impacts members of that group and the moderator did not allow it. I then replied to the moderator with a ‘little’ sarcasm and they banned me. Give me a break. +Chewy, Inc. (NYSE: CHWY) ("Chewy"), a trusted destination for pet parents and partners everywhere, has released its financial results for the second quarter of fiscal year 2021 ended August 1, 2021, and posted a letter to its shareholders on its investor relations website at [https://investor.chewy.com](https://investor.chewy.com). + +Fiscal Q2 2021 Highlights: + +\- Net sales of $2.16 billion grew 26.8 percent year over year + +\- Gross margin of 27.5 percent expanded 200 basis points year over year + +\- Net loss of $16.7 million, including share-based compensation expense of $25.6 million + +\- Net margin of (0.8) percent improved 110 basis points year over year + +\- Adjusted EBITDA of $23.3 million, an increase of 50.5 percent year over year + +\- Adjusted EBITDA margin of 1.1 percent improved 20 basis points year over year + +"We have now crossed the halfway point of 2021, and our results once again demonstrate the strength of our business model and the incredible bond between pets and pet parents," said Sumit Singh, Chief Executive Officer of Chewy. "Our business remains healthy, with second quarter net sales up 27 percent year over year, driven by a 21 percent increase in active customers and a 13 percent increase in net sales per active customer. Customer engagement is growing, and we are confident in our ability to deliver strong results while navigating uncertain market conditions due to the ever-evolving COVID-19 pandemic." +My understanding that it is very easy to steal tax returns if you have the SSN of the victim, and credit freezes obviously do not work on tax returns. + +It also appears as though no new measures have been added for identify verification since the equifax leak, so as best as I can tell 2018 is likely to be a whole new era of tax return fraud. + +Is there anything we can do? +Had a small 13 unit complex under contract in January. Got financing and was waiting for the appraisal to come back for final closing to be approved. We had to extend the contract twice to try and wait out the appraiser since they were too busy at the time, and finally was able to get him out there in early April with a projected close of mid April. + +Have it in writing about a week before closing from the appraiser that he was able to get to the property, start the report, and would have the appraisal complete before the close date. And then nothing. No response to phone calls, texts, emails, mail. The financing couldn’t get ahold of him, nor could I or my realtor. + +All in all I lost about $20k in EMD, appraisal cost and inspection costs, plus a whole lot of time and headaches, and the investment as a whole. + +Is it worth a lawsuit or does this just happen? Because if so and there’s no repercussions then I feel like I need to be a property appraiser. +I’m new and learning a lot thanks for all the information. How do I set aside cash for CapEx? Do you use a certain percentage from the rental income or certain formula I have everything else figured out with numbers for operating expenses but not this. +I've written a few posts here about solar panels. I release all the data from ours daily at [https://gitlab.com/edent/solar-data](https://gitlab.com/edent/solar-data) + +I saw a news article saying that [solar panel payback was in the order of 4 years.](https://inews.co.uk/news/home-solar-panels-pay-themselves-four-years-energy-bills-1796274) So I thought I'd crunch my own data to see if that was likely. I think that estimate is a bit generous. + +We have 5kWp of solar panels on our roof. The panels generate about 4,200kWh per year. Mostly in summer, but a decent amount in winter. + +Over a year, we export about 2,800kWh which is sold back to the grid. + +Octopus have an Agile Export tariff which pays us based on the half-hourly price for electricity. We get paid an average of about £0.22 for every kWh we export. That's about £600 per year in *tax free* income. + +We use about 1,400 kWh directly from our panels. When the sun is shining, we don't buy electricity. Assuming electricity prices of £0.30 per kWh, that's a saving of £400. + +We earn £600 and save £400. That's a total yearly "income" of **£1,000**. + +The average installation of domestic solar panels is - very roughly - £5,000 to £8,000. You might find a group-buy scheme which does it for less, or you may have a really awkward roof and find it costs much more. + +So, *at the current prices* solar panels will pay for themselves in \~5-8 years. + +If electricity prices rise, and export prices also rise, that timescale will drop. + +If electricity prices fall, it will take longer to pay back. + +If the price of solar installation continues to drop, it becomes a no-brainer to get solar installed. + +Given another 20 years of generation, that could turn a healthy return on investment. + +There are no on-going maintenance costs with solar panels. The panels are usually guaranteed for 25 years. It is possible that the inverter needs replacing (usually guaranteed for 10 years. Cost of a few hundred). And, like any electrical installation, things can break. + +I should note that we have 2kWh of batteries. That will affect the ratio of how much electricity we use and export. It also adds to the cost of installation. + +It is worth shopping around to see if anyone offers a higher payment for export, or a lower price for import. + +Solar has high upfront capital costs. Not everyone has £6-8k laying around. But if you can afford panels, they can dramatically reduce the amount of money you pay for electricity. +5 years ago I racked up £14k worth of debt over 4 credit cards and 2 overdrafts at the age of 25. I was earning around £24k a year at the time so £14k was a lot compared to my salary as my take home was about £1500 after tax and my bills were probably about £1000. + +My interest was also high so I could only afford minimum payments so it was an uphill battle. I know people have been in more debt than me but it was severely affecting my stress and mental health. + +I decided enough was enough so managed to get a loan to cover all the debt. The interest was a little bit lower than all my debt interest combined but I got my spreadsheet out and worked out I could pay it off in 5 years at my current salary. The cost of the loan was £335 per month to me over the next 60 months. It was quite daunting as I only had £200 spare cash every month so I had to cut back a lot. + +As my salary increased I put that extra money to the side to give me some more month-to-month security. I know you should probably pay that directly to the debt but I wanted some cashflow for things like vehicle repairs if they came up. + +1st June 2021 marks the 5 year anniversary of my consolidation loan. Luckily I didn't need to use much of my savings over the years so me and my now Wife have managed to buy our first house on the HTB scheme and I've also managed to put a little here and there into stocks and shares while clearing the debt. + +I definitely learnt from my mistakes over the years and if I had a crystal ball I know that if I had paid off the loan first rather than saving alongside I would have saved a lot on interest but I just felt comfortable having that available cash in the bank. + +\--- + +This post is just a reminder that debt can be paid if you are strict and motivated. I'm now 30 and am completely debt free! (minus the house mortgage!). I would never have thought this was possible 5 years ago. +Hello yall, + +I am a 22 year old who just got my first engineering job. I am comfortable with managing spending, but I really want to start creating a good roadmap for my future. Any advice you guys have would be greatly appreciated. Here is my current situation: + +I was making 30k right before this job. Really struggling financially to the point where I was on the Ramen diet. I now have a surplus of money and I want to get ready for my future like marriage and kid's college funds. I have been with my girlfriend for 7 years so all this is not too far down the pipeline. I honestly do not know how to react coming into more money than I am used to so I want to do things right to set myself up for success. My short term goals are to get a new car, and get engaged with a really nice moissanite ring for gf. Mid term is getting a house. Long term is kids college fund and retirement. + +- 75k / yr +- 612 combined FICO score +- $9972 $55 p/mo Student loan debt from 2 years of college +- $3570 $140 p/mo cc 24% interest +- $2309 $80 p/mo cc 19.7% interest +- $1237 $50 p/mo cc 0% 1 more month then 18% interest +- $320 $50 p/mo loan +- $983 $100 p/mo medical bill + +Monthly: + +- $750 rent including utils ( $1500 per mo split with gf ) +- $111 insurance auto +- $300 food +- $100 internet +- $200 misc +Health insurance paid 100% by company + +I understand that I am in a really good situation at such a young age so I want to make the best of it. Thanks in advance! + + +Edit: company matches 6% for 401k +Hello, I'm 25 years old and finally done procrastinating when it comes to retirement accounts. I'm able to save $2k per month. Later this year I'll draw GI bill benefits and go to school full time while working part time. Since I won't have a 401k plan for several years I think I'll set money aside in a Roth IRA for now. Then when I'm gainfully employed I can contribute to both a 401K and Roth IRA. + +Is there another option you'd recommend I look into? I am just today learning the differences between different IRAs. +I apologize if this isn't the best community to post this in but I don't know where else to turn. + +I have maxed 3 credit cards and ran my checking account into the red. It feels like I am drowning and I have no idea where to even start to fix this. I have cut off all outlets that would trigger me to gamble so as long as I hold true to that what should my first plan of action be to address this? Credit card debts total up to around 15k and I have over due bills that need to be addressed as well. +Does anyone know must reads to learn how to invest in stocks or just learn the basics? + +Also anyone know what stocks I should invest in to get started? + +Thanks +Waiting for unconditoonal approval. Originally assured 21 business day wait. Vendor going to pull out if we don't get approval soon. + +Waited 32 business days to have our application looked at (80% LVR). They finally looked at it 3 days ago and they asked for "more information" from broker and it was all stuff that the broker had included with the original application. The broker sends the stuff off straight away, assessor in India promises a decision by that night. No update that night. Following day Broker calls ANZ, gets the application escalated again, promised decision by that evening. No update. Brings us to today, broker calls ANZ again, gets the same promises. Nothing at all. + +Broker says we should get an update by tomorrow night. We dont have much hope. + +Absolutely ridiculous to take this long after waiting our time in the queue. They have everything they need and then some. + +I will definitely be avoiding ANZ in the future. +In short, my gym has a contract which states I need to provide 30 days notice in order to cancel my membership. I sent in my cancellation in March, and they replied that they had "processed my cancellation with 30 days notice", and that my last payment would be in April. However now they have just notified me that I will be subject to pay a club enhancement fee in May, because my gym membership is active until then. + +I tried calling them out on their BS but they just threatened to send to collections. Do I have a leg to stand on here or should I cave in and pay? + +Edit: The gym is Club 16 in North Vancouver, for anyone curious. +I am on a mission, a mission to improve my credit score. Four months ago my credit score was 469.... today my credit score is 672. Still not great, but wow.. I now have a credit limit over $2,000 on my cards and get CC offers in the mail twice a week. + + + +About three months ago I sent out 5 "pay to delete" offers to companies holding debts (all under $500). Three responded that they would delete my debts, no bother with repayment, poof, GONE. Last night I checked my reports, the last two were removed as well, I guess they didn't want to pay for postage. + + +There I was, all ready to throw money at them, but they didn't want it. I am still a bit in shock, but I learned... It never hurts to ask. + + + +Edit - this is in reference to past due balances on old bills, cellphone, water, medical, etc... This isn't going to work on your current CC balance, sorry. + + +https://www.creditkarma.com/question/pay-for-delete-letter-template +Hello r/financialindependence, I am a long time lurker but a first time poster. + +Recently my girlfriend of 13 years left me. We had been dating since I was 14. It was all because of my attitude towards money. + +Here's some background: + +I grew up poor. My family was very blue collar. I lived in a trailer with my four siblings, Mom was a mechanic, Dad was a waiter and both we making minimum wage. Money was always tight. + +From a very young age my father instilled in me the value of money. It's what kept you alive, with a roof over your head and not starving in the streets. Spending money unnecessarily wasn't just stupid (Dad always reminded me that I couldn't afford to be stupid), it was a moral failing. It was sinful, and you should be ashamed of yourself for acting so badly. + +Growing up, I very much took this to heart. I could pinch a penny until it screamed. I started working at 17, and managed to put myself through college without any loans just by working full time. I lived in a 600sqft house with four roomates, eating rice, beans, tuna, milk and not much else. Any cost that could be cut, got cut. The way it should be. + +Drinking and going out?. Sorry, I can't. +Split a pizza? No, I have food at home. +Drive to Tahoe? Gas is expensive, and it's just cheaper to stay put. +$10 a year for Netflix? There's a library up the road and it's free. + +I never even bought textbooks when I could help it. I could usually bribe someone to let me take it home for the night and photograph every page. My goal was to live off as little as I could stand. Which I calculated to be about $15,800 for my city. So that's that I did. + +I was lucky to major in computer science, it's a booming field with lots of high paying jobs and a shortage of people to fill them. I went from minimum wage to making $75,000/yr to $90,000/yr to $115,000/yr to $145,000/yr over the corse of my career. I'm 27 now, and I make almost 7x as much as most of my childhood friends do now. + +I refused to change my budget, minus a few COL adjustments. I was going to live off <$20,000 if it killed me. Spending money doesn't make me feel good. It makes me feel stupid, weak and honestly a bit sick to my stomach. Even now, my car is a beater, my cellphone is an old Android with a $5 prepaid SIM, and my clothes are all from the thrift store, I live with 3 roommates to keep my rend under $800. I don't want to change any of this, because that would be suboptimal. + +This obviously was a point of contention between my girlfriend and I. I met my girlfriend in middle school when she was 13, and we starting dating right away. To her credit, she stuck with me despite my compulsions. She never demanded much, just my time really. So we got along very well. She only just recently graduated from Medical school, and began her residency. In other words, she only recently began 'adulting' for lack a of better word. + +Now that she has a bit of freedom, she wanted to live her life. She wants to travel, go out to shows and restaurants, have a house with furniture in it, shop somewhere besides Walmart, get out of the ghetto. You get the idea, she wants to spend more money. Justifiably so, but it's so hard for me. + +I attempted to compromise with her. I began to rationalize my spending habits, agreeing to spend a bit more on things which were for her benefit. Never on myself, but I could do it for her. And I did, but apparently I have a way of taking the fun out of things. She told me my attitude has a tendency to sour things which should be fun. Which is true, I wasn't enjoying myself when we were out, I felt dumb and guilty. She said I ruined our trip to Paris, by looking like I wanted to die the entire time. It's all true. + +Anyway, long story short, she left me the other day. For the reasons I just told you about. I guess I just wanted to post here to see if anyone has had the same troubles I do. How do you deal with it? Has it negatively affected your life? Does anyone else here get physically sick when spending money? + +Thanks to everyone who can reply. + +Edit: + +Thanks everyone for your replies. It's given me a lot to think about. I don't think things between me and my (ex) girlfriend are irreconcilable, provided I can learn to be less stringy with my money. My immediate plan of action is two-fold. (1) talk to some kind of therapist about my issues, possibly a couples therapist. My girlfriend just so happens to be a psychiatry resident, so I happen to know quite a few. (2) Create some form of a budget. A lot of you recommend putting aside some amount of money every month, which can't be saved, and has to be spent on 'fun' things. It's going to take a lot of mental effort, but I think I can learn to be okay with this. I just need to remember that what I was doing before was a bit beyond the pale, and honestly not totally rational. + +Once again, thanks everyone. Sorry if I didn't get a change to reply to you, but I did read every comment. +United States: My friend says he went to this accountant and they amended past years and went from owing the IRS to them owing HIM. He lives a normal life style, doesn't have a mortgage, doesn't go to school, basically it should be a 1040ez. The accountant has to be lying about what they are reporting right? Would he ever get in trouble if he were caught or is the liability all with the accountant? +Guten Morgen to this global band of Apes! 👋🦍 + +Last week was one of the most exciting yet, and I have a feeling that this week is going to be even more exciting. As we approach the deadline to vote, I want to emphasize how important it is that each Ape votes all of their shares. We have the opportunity to overwhelmingly approve the resolution that the Board will use as a mandate for a stock dividend, and the more votes we are able to muster, the more obvious it will be that it is the will of the shareholders to issue the dividend. + +Today's exchange rate is the lowest I've ever seen; another indication that the global markets are all in a tailspin. Where will it go today? + +Today is Monday, May 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$98.50 / 94,85 €** *(volume: 1783)* +- ⬜ 115 minutes in: $98.50 / 94,85 € *(volume: 1782)* +- 🟩 110 minutes in: $98.50 / 94,85 € *(volume: 1782)* +- ⬜ 105 minutes in: $98.50 / 94,84 € *(volume: 1771)* +- ⬜ 100 minutes in: $98.50 / 94,84 € *(volume: 1761)* +- ⬜ 95 minutes in: $98.50 / 94,84 € *(volume: 1748)* +- ⬜ 90 minutes in: $98.50 / 94,84 € *(volume: 1748)* +- ⬜ 85 minutes in: $98.50 / 94,84 € *(volume: 1733)* +- 🟩 80 minutes in: $98.50 / 94,84 € *(volume: 1728)* +- ⬜ 75 minutes in: $98.19 / 94,55 € *(volume: 1593)* +- 🟥 70 minutes in: $98.19 / 94,55 € *(volume: 1520)* +- 🟥 65 minutes in: $98.55 / 94,90 € *(volume: 1493)* +- ⬜ 60 minutes in: $98.56 / 94,90 € *(volume: 1493)* +- ⬜ 55 minutes in: $98.56 / 94,90 € *(volume: 1477)* +- ⬜ 50 minutes in: $98.56 / 94,90 € *(volume: 1456)* +- 🟩 45 minutes in: $98.56 / 94,90 € *(volume: 1440)* +- 🟩 40 minutes in: $98.55 / 94,90 € *(volume: 1440)* +- 🟥 35 minutes in: $98.35 / 94,70 € *(volume: 895)* +- 🟩 30 minutes in: $98.35 / 94,70 € *(volume: 685)* +- 🟥 25 minutes in: $98.35 / 94,70 € *(volume: 682)* +- ⬜ 20 minutes in: $98.35 / 94,70 € *(volume: 681)* +- 🟥 15 minutes in: $98.35 / 94,70 € *(volume: 564)* +- 🟥 10 minutes in: $98.40 / 94,75 € *(volume: 564)* +- 🟥 5 minutes in: $99.18 / 95,50 € *(volume: 351)* +- 🟩 0 minutes in: $99.23 / 95,56 € *(volume: 153)* +- 🟩 US close price: $98.39 / 94,74 € *($98.00 / 94,37 € 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 1.0385. 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'm pretty sure everybody have missed opportunities in the past thinking an asset was going down when the price was just going through a correction. My question is how can i know for sure that it's a pullback and not a trend reversal, especially if there are no near support levels to take into account? +Guten Morgen to this global band of Apes! 👋🦍 + +I hope you all had a wonderful weekend, and also that you were able to take advantage of the nice dip yesterday. I continue to be amazed that the Institutional Shorts find this to be an ideal time to drive the price down. The date to own shares to cast proxy ballots is already past, April 20th is tomorrow, and the annual meeting is fast approaching. GameStop has the upper hand against the short sellers, and risks nothing by leveraging it. Meanwhile, they have all of the working capital and talent they need to fundamentally change the retail landscape. Apes see it clearly, but the SHFs seem to think there is a way out of the mess they are in. + +Maybe they've been listening to the advice of the useless consultants from BCG. Maybe their hubris has them convinced that they are crafty enough to engineer a way out. They are low on ideas, so they do what they always have - exploit their position as market makers to create phantom shares and drive the price down. Eventually the stock dividend will end their party. In the meantime, our Diamantenhände shall HODL and await the MOASS. + +Today is Tuesday, April 19th, 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: **$144.54 / 132,88 €** *(volume: 4755)* +- 🟥 115 minutes in: $144.39 / 132,74 € *(volume: 4654)* +- 🟥 110 minutes in: $144.43 / 132,78 € *(volume: 4529)* +- 🟩 105 minutes in: $144.75 / 133,06 € *(volume: 4236)* +- 🟥 100 minutes in: $144.55 / 132,88 € *(volume: 3807)* +- 🟩 95 minutes in: $144.58 / 132,92 € *(volume: 3778)* +- 🟥 90 minutes in: $144.51 / 132,85 € *(volume: 3678)* +- 🟩 85 minutes in: $144.57 / 132,91 € *(volume: 3601)* +- 🟥 80 minutes in: $144.45 / 132,79 € *(volume: 3582)* +- 🟥 75 minutes in: $144.57 / 132,91 € *(volume: 3541)* +- ⬜ 70 minutes in: $144.85 / 133,16 € *(volume: 3344)* +- ⬜ 65 minutes in: $144.85 / 133,16 € *(volume: 3292)* +- ⬜ 60 minutes in: $144.85 / 133,16 € *(volume: 3060)* +- ⬜ 55 minutes in: $144.85 / 133,16 € *(volume: 3020)* +- ⬜ 50 minutes in: $144.85 / 133,16 € *(volume: 3019)* +- 🟥 45 minutes in: $144.85 / 133,16 € *(volume: 2962)* +- ⬜ 40 minutes in: $145.22 / 133,50 € *(volume: 2862)* +- 🟩 35 minutes in: $145.22 / 133,50 € *(volume: 2853)* +- 🟩 30 minutes in: $144.68 / 133,00 € *(volume: 2651)* +- 🟥 25 minutes in: $144.37 / 132,71 € *(volume: 2638)* +- ⬜ 20 minutes in: $144.68 / 133,00 € *(volume: 2563)* +- 🟩 15 minutes in: $144.68 / 133,00 € *(volume: 1949)* +- 🟩 10 minutes in: $144.68 / 133,00 € *(volume: 1948)* +- 🟥 5 minutes in: $143.82 / 132,21 € *(volume: 1877)* +- 🟩 0 minutes in: $144.34 / 132,69 € *(volume: 816)* +- 🟥 US close price: $141.46 / 130,04 € *($141.80 / 130,35 € 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 1.0878. 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! +* **Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead and could start in December.** +* **But he cautioned that monetary policy is likely to stay restrictive for some time until real signs of progress emerge on inflation.** +* **“We will stay the course until the job is done,” he said during a speech in Washington, D.C. at the Brookings Institution.** + +WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate. + +Echoing recent statements from other central bank officials and comments at the November Fed meeting, Powell said he sees the central bank in position to reduce the size of rate hikes as soon as next month. + +But he cautioned that monetary policy is likely to stay restrictive for some time until real signs of progress emerge on inflation. + +“Despite some promising developments, we have a long way to go in restoring price stability,” Powell said in remarks delivered at the Brookings Institution. + +The chairman noted that policy moves such as interest rate increases and the reduction of the Fed’s bond holdings generally take time to make their way through the system. + +“Thus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down,” he added. “The time for moderating the pace of rate increases may come as soon as the December meeting.” + +Markets already had been pricing in about a 65% chance that the Fed would step down its interest rate increases to half of a percentage point in December, following four successive 0.75-point moves, according to CME Group data. That pace of rate hikes is the most aggressive since the early 1980s. + +What remains to be seen is where the Fed goes from there. With markets pricing in the likelihood of rate cuts later in 2023, Powell instead warned that restrictive policy will stay in place until inflation shows more consistent signs of receding. + +“Given our progress in tightening policy, the timing of that moderation is far less significant than the questions of how much further we will need to raise rates to control inflation, and the length of time it will be necessary to hold policy at a restrictive level,” Powell said. + +“It is likely that restoring price stability will require holding policy at a restrictive level for some time. History cautions strongly against prematurely loosening policy,” he added. “We will stay the course until the job is done.” + +Powell’s remarks come with some halting signs that inflation is ebbing and the ultra-tight labor market is loosening. + +Earlier this month, the consumer price index indicating inflation rising but by less than what economists had estimated. Separate reports Wednesday showed private payroll growth far lower than expected in November while job openings also declined. + +However, Powell said short-term data can be deceptive and he needs to see more consistent evidence. + +For instance, he said Fed economists expect that the central bank’s preferred core personal consumption expenditures price index in October, to be released Thursday, will show inflation running at a 5% annual pace. That would be down from 5.1% in September but still well ahead of the Fed’s 2% long-run target. + +“It will take substantially more evidence to give comfort that inflation is actually declining,” Powell said. “By any standard, inflation remains much too high.” + +“I will simply say that we have more ground to cover,” he added. + +Powell added that he expects the ultimate peak for rates – the “terminal rate” – will be “somewhat higher than thought” when the rate-setting Federal Open Market Committee members made their last projections in September. Committee members at the time said they expected the terminal rate to hit 4.6%; markets now see it in the 5%-5.25% range, according to CME Group data. + +Supply chain issues at the core of the inflation burst have eased, Powell said, while growth broadly as slowed to below trend, even with a 2.9% annualized gain in third-quarter GDP. He expects housing inflation to rise into next year but then likely fall. + +However, he said the labor market has shown “only tentative signs of rebalancing” after job openings had outnumbered available workers by a 2 to 1 margin. That gap has closed to 1.7 to 1 but remains well above historical norms. + +The tight labor market has resulted in a big boost in worker wages that nonetheless have failed to keep up with inflation. + +“To be clear, strong wage growth is a good thing. But for wage growth to be sustainable, it needs to be consistent with 2% inflation,” he said. + +&#x200B; + +Source: [https://www.cnbc.com/2022/11/30/fed-chair-jerome-powell-says-smaller-rate-hikes-could-come-in-december.html](https://www.cnbc.com/2022/11/30/fed-chair-jerome-powell-says-smaller-rate-hikes-could-come-in-december.html) +Would love to see some thoughts on whether you think this pump is a temporary relief rally, or whether the tide has turned. + +Personally I think this is a relief rally, with perhaps some market manipulation going on, don’t think we’ve seen the bottom yet. +Say you had invested ETH & BTC same time during the ATHs, and now you're down 50%-60% on both equally, and have about the same MKT value on both. + +If you're looking into holding for long long term, with a goal of getting the highest ROI. + +**If you want to continue DCA right now, which one would you invest in more? ETH or BTC?** + +(other than 50/50, which one more?) + + +Only those 2, and not in Altcoins. +Hello algotraders, + +In the context of developing in-house algo trading bots, I see many examples of people rushing to order execution and backtesting in their 100 lines of code, often using dummy strategies copy/pasted from a blog. + +**Is there a fundamental reason making necessary to fuse the end to end trading process as early as possible in the development process? (kinda agile process)** + +I am taking another path which is dividing my end to end solution in 3 distinct parts that could nearly be 3 different softwares that I'm developing in sequential order (waterfall). + +**1/ forecasting engine** which outputs probabilistic forecasts**2/ order engine** that formulates orders based on forecasts + money management strategy**3/ trading backtesting engine** or **real world broker's API** depending if I'm testing or live + +**Am I heading in a viable direction?Or am I missing a fundamental point making necessary to fuse the end to end trading process as early as possible in the development process? Without disclosing any competitive advantage you may have, how is architectured your solution?** + +Thanks for sharing. + +**Edit:** *the* ***forecasting engine*** *can 100% be tested against historical data: you test le validity of the direction and intensity of the forecast VS what happened.* + +*It's quite different than the* ***trading backtesting engine*** *which tests your* ***trading strategy and*** *involves many other things including a simulation of an action (short/long/put/call) with target, stop loss, fee, slippage, etc.* + + +*I think another way to ask my question is "are forecasting the market and having a good trading strategy two completely different things, software-engineering-wise."* + +&#x200B; +I've reviewed our past spending for the past 6 months or so and noticed that we've been consistently spending around $1,500 a month on food and groceries. It's around $1000/month on groceries and $500/month on restaurants for just myself and my wife. + +We typically go grocery shopping once a week and buy everything we need for that week, and then eat out twice a week (usually Friday and Saturday nights). We don't really buy anything out of the ordinary. The more routine items we buy are eggs, chicken thighs, pork, vegetables and staples like rice and pasta (we buy these two in bulk and it lasts for several weeks). We also buy those big bags of frozen salmon fillets and those last for 1 month at least. This also includes household products like toilet paper, paper towels, cleaning supplies, etc, but excludes pet food as that is it's own category. + +I was speaking with some of my friends and they mentioned that this is an insanely high amount to spend on food. Are they correct that this is an absurdly high amount to spend each month for food/groceries? +Would you guys consider a 100year old 4plex for 100k +In a C-D class nieborhood. Needs some work. Probably 5k to 10k per unit. All one bedroom apts that would rent for $650 +There is alot of very old houses in the area so it dosent stick out. Just worried about it being so old. What would go wrong. +What do you guys think. +I bought my house in 2013. In 2016 I relocated out of state for work, and have been renting my house out ever since. Even with a property manager sometimes I still get stressed being a landlord, so I've been considering selling the property. + +Market value is around $550k, with a remaining loan of $60k. Monthly rent is $1800. + +The appreciation has been great. I have positive cash flow, but I'm not leveraging my money much at all (disappointing with interest rates still relatively low), and that doesn't take into account vacancies or repairs (spent $15k on AC units a couple years ago!). I didn't increase rent last year in order to retain the current tenants. Also seems like the rental rates are lagging housing prices, so hopefully rent could be increased more in the future. + +The majority of my investments are in the stock market, so it's nice having this rental property to diversify. I thought about doing a 1031 exchange, but I'm not sure that would resolve any stress issues still being a landlord, so I'd probably end up just paying the capital gains tax and putting the money in the stock market. + +From other posts that I've read about properties in Austin, the market is expected to remain hot, and there is a resounding "do not sell". I'm just trying to convince myself whether or not that this is a good investment and it's worth the added stress. +Conway, a town in the white mountains of New Hampshire with a long history as a vacation destination, recently passed legislation to make short-term rentals illegal. Many large municipalities have long since banned AirBnb's (rentals of less than 30 days). They argue that it eliminates long-term rental housing, thus raising prices and giving renters fewer options. But for a vacation town to do it, it seems like cutting off your nose to spite your face, as presumably many people's jobs are tied directly or indirectly to tourism. At the very least it could disastrous to property prices as Airbnb hosts would not get the rent needed to pay the bills and perhaps be forced to dump them on the market. Has anyone seen this in other vacation destinations? Here are a few links to the situation in Conway. + +[https://www.nhpr.org/post/conway-goes-court-limit-airbnbs-other-short-term-rentals#stream/0](https://www.nhpr.org/post/conway-goes-court-limit-airbnbs-other-short-term-rentals#stream/0) + +[https://www.conwaydailysun.com/news/local/conway-selectmen-to-move-against-short-term-rentals/article\_a32bc88a-a2a8-11eb-b184-9ff45590849e.html](https://www.conwaydailysun.com/news/local/conway-selectmen-to-move-against-short-term-rentals/article_a32bc88a-a2a8-11eb-b184-9ff45590849e.html) +OMG people it can be sooooo easy. We know GME is shorted 100+%. So... just buy and hold and eventually **🚀** **🚀** because shorting parties will break under the fees. + +But no, we need to have these expectations when it is going to pop. Shareholder meeting, T+21, T+31, regulation passing, technical analysis, and of course f-ing HYPE WEEK. + +Also, **apparently** we need to have price targets: exponential floor, Elliot wave theory, etc. + +# Don't you see that all of this is just setting expectations!?!? And expectations only leave people disappointed + +Just buy and hold and **💎** **✋** +I am a bit salty that my call spreads got punched in the throat, but imo the market is at a dizzying price based on the circumstances. We're looking at at least a 2 Quarter decline in revenue for most businesses yet the market has climbed to 2018 levels of share value. I'd like to remind everyone that most investors would have claimed that companies were overpriced at the end of 2019 too so the 30% fall due to corona was only a small dip for some companies and could have been much worse. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I've been browsing a few ideas for hobbies today, where the money you spend is not entirely lost. Most examples I found are about collecting, either art, comics, gemstones, coins, etc. + +&#x200B; + +Do you have any other examples of hobbies where the value is retained? + +&#x200B; + +Of course there's also value creating hobbies, things like craftsmanship. I'm happy to hear examples in this area too. +I spent the last ~18 months working at a fintech startup that hasn't gone public yet. In response to the VC money slowing down due to the recent economic dip, they just axed nearly 20% of their workforce, myself included. For reasons that aren't worth getting into here, I don't think that the company has a particularly bright future, and I'd like to dump my stock in the company before it inevitably caves. + +As of right now I've got 600 RSU's (~$10,000 based on stated FMV), but only about 100 of them are vested (~$1500). That said, I'm not really interested in waiting around for more of it to vest, only to have the company evaporate before then and the value drop to *zero.* + +What are my options here? Is there a way to dump my vested stock even though the company isn't publicly traded? If so, how do I go about doing this? + +EDIT/UPDATE: Thanks for the feedback, everyone! To clarify: 1) yes, they're indeed RSUs and not options, and 2) I just asked the company and confirmed that the unvested portions are indeed forfeit due to me being laid off. + +Sounds like the latter part is "normal" as far as these things go, but IMHO it's pretty bullshit that companies can effectively retroactively pull back their employees compensation without the employee voluntarily leaving or being fired for cause; it seems like a massive perverse incentive for employers to be able to hand out equity as compensation and then revoke it by laying off the employee before it vests just because they couldn't get their own fucking act together as a business. But I guess that's just classic late-stage capitalism for you. Ugh. + +If I take one lesson from this, it's that equity in anything that isn't a publicly traded company is basically monopoly money. + + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\--------------------------------------------------------------------------------------------------------------------------------- + +Sorry for the delay with this one Apes. IRL gets in the way sometimes. + +This one has been a bit of a journey too. I don't have all the answers here, so again... I leave it to you to make your own interpretations... THIS IS MERELY A DISCOVERY JOURNEY OF PUBLICALLY AVAILABLE INFORMATION. + +SMILE FOR THE CAMERA KENNY + +&#x200B; + +https://preview.redd.it/9x7qiqgip6871.png?width=480&format=png&auto=webp&s=adab353e26fea00253b5b2156a4237f6f30b581c + +So today's episode of BBC is going to start out at the public-facing image they want you to look at. For Kenny and his Wife at the time, that comes in form of the Kenneth and Anne Griffin Foundation. + +***(They like this format: Bill and Linda Gates Foundation)*** + +The headline for the Kenneth and Anne Griffin Foundation is: + +**The Kenneth and Anne Griffin Foundation believes that powerful ideas change the world. We identify and support pioneering leaders whose visionary ideas introduce new thinking and drive results. We focus on education, healthcare and the arts because these pursuits form the core of a vibrant, creative, and productive society.** + +And the Fact they have **PLEDGED** $100 million to charitable and philanthropic causes since 2009 + +This is their tagline in the media. Source: [https://philanthropynewsdigest.org/news/kenneth-and-anne-griffin-foundation-likely-to-close-due-to-divorce](https://philanthropynewsdigest.org/news/kenneth-and-anne-griffin-foundation-likely-to-close-due-to-divorce) + +**SO I DECIDED TO FACT CHECK THIS** + +\----------------------------------------------------------------------------------------------------------------------------------- + +FIRST OFF - Let's address the fact that these numbers are all pledged! + +When you hear about X Billionaire donating to X cause, from what I can tell... this is usually in the form of a pledge, not a donation. So they get the headlines for setting up a Direct Debit to these causes so to speak... **10 million, might be 1 million a year for 10 years.** + +SECOND OFF - Take note of the year... $100 million since 2009 + +I decided to WAYBACK MACHINE this shit, and found the website: + + + +https://preview.redd.it/uz9vhqhks6871.png?width=1171&format=png&auto=webp&s=b9a3b362c07b3ac6f89e1e46a1f9436af2516835 + +Ok... so they do claim $100 million in pledges on their website, but... they claim since 1999. + +(10 years earlier than what the media reports) + +SO.... + +The foundation officially announced it would shut down in 2014. + +So if you were to go with what the website claims, the foundation ran from 1999 - 2014. + +(Let's do some math) + +**That's 15 years!** + +OR... if you were to go by what the media claims or [Wikipedia](https://en.wikipedia.org/wiki/Anne_Dias-Griffin) states, the foundation ran from 2009 - 2014.... + +(Math pause...) + +**That's 5 years!** + +BUT... when we look at the IRS Form 990s... ([Which you can freely search here](https://apps.irs.gov/app/eos/)) it will only show the company final letters (Which you would think are a confirmation of them disbanding, but is actually their confirmation of tax-exempt status) + +\-- There were actually 2 of these listings for Kenneth and Anne Griffin Foundation with the same Final letters. + +\-- BUT... I found out this was the normal process for the IRS. They no longer make public the records for charitable organizations that have shut down... + +CONVENIENT... + +Luckily... after a bit of Google Detectiving, I found a website that archives at least SOME of these old tax-exempt organizations. + +\----------------------------------------------------------------------------------------------------------------------------------- + +But before we jump into the nitty-gritty... let's take a quick pause to appreciate some puppy pics... + +Aww.... who's a good little boy??? Yes! You're a good little boy!! + +&#x200B; + +https://preview.redd.it/q5hwdnnvu6871.png?width=710&format=png&auto=webp&s=e54ff3804daada52a5099ab89a8a7c1f82305ef2 + +\----------------------------------------------------------------------------------------------------------------------------------- + +THE KENNETH AND ANNE GRIFFIN FOUNDATION - FORM 990S. + + + +**2014:** [https://projects.propublica.org/nonprofits/display\_990/364747915/2014\_12\_PF%2F36-4747915\_990PF\_201410](https://projects.propublica.org/nonprofits/display_990/364747915/2014_12_PF%2F36-4747915_990PF_201410) + +Listed as $1.7 million donated + +Listed as $0 approved for future payment + +&#x200B; + +Sideways Reading - (These pages are always sideways on the IRS website for some reason...) + +* $1.6 million paid to +* Breast Cancer Research Foundation: $10k +* Chicago Council on Global Affairs: $25k +* Children’s Hospital of Chicago Foundation: $550k +* Robin Hood Foundation: $1 million +* Rush Mother’s Milk Club: $5k +* Usher III Initiative: $50k + + + +In this Filing… as of Oct 1, 2014 both **Ken and Anne signed a statement saying** that they have $650k of funds remaining in the foundation and a remaining commitment of $2 million to Lurie Children’s Hospital of Chicago + +Remaining funds and outside funds will pay this off. + +Foundation will be liquidated and dissolved + +&#x200B; + +https://preview.redd.it/15sdphznv6871.png?width=780&format=png&auto=webp&s=c31912d4644ea783d5be211774e70b43e7795165 + + (Also in here… is that final letter confirming Dissolution that should prob be on the IRS website? But maybe I’m wrong.) + + + +**2013:** + +$6.9 million in contributions (All Kens Contributions) + +Contributions out $5.1 million + +Excess of Revenue $1.7 million which carried forward + +Donated to: + +* Children’s Hospital of Chicago: $4 million +* Rush Mothers Milk Club: $55k +* Weill Cornell Medical College: $833k + +Source: [https://projects.propublica.org/nonprofits/display\_990/364747915/2014\_11\_PF%2F36-4747915\_990PF\_201312](https://projects.propublica.org/nonprofits/display_990/364747915/2014_11_PF%2F36-4747915_990PF_201312) + +&#x200B; + + + +**2012:** + +Only $1 of revenue went through the foundation + +Source: [HERE](https://projects.propublica.org/nonprofits/display_990/364747915/2013_09_PF%2F36-4747915_990PF_201212?__cf_chl_jschl_tk__=ab1a4f067f303d721fa42a6c09788125885a4ad9-1623958393-0-AR9LYX-L1mLf5n6wNVbmlG9qmV-tXRSFcShvdh3A3A-79xZVxUEavG5cvVLIaw4zDvfY3oinafTKYsVHvPsJqkF8ViQcWoGZOwm2W0IhJs3orbxvBWVsuKFsBX5j2WFSMFb2SfWki1Jq_yC8-KYyDjFYtU57H_h6A3E6AhdlNtTy5Bs0k4jSUO3VQVoDJUvv4sHzaJxJA3cJvVgsaZMYQIKIBKoykXzszvA31BQ82YosQvGvmQEav3D_YSDbiR3SbcAZg_NdCEUpAwDVzQGskuPwu-9OQgB2GuWyLXwUYsXm9ec9g0sK5f6u16nZ5cXkcyAVxlgfCuE0AdaxVpA1t2bVWcFCwZ032pGnn4VfZ5cipZSlDuDjbMgSjimkT2JyxnQA_fcNLqBFc2Ju0xnY35YF8P9ton1pcg4VCkD0xNX4titrKwbuUYFCxcSJ_vBP81SZi_eVkdQVgtSCmBTB2ikQqoxsaAwxNSSOSwXSJiHYg6cNoD5r3oiY-itD64MghWRI14x0GiSSXF6MIOzqkoqPxA9oZ2_mh28v_hs5I-GI) + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------- + +Wait what??? + +&#x200B; + +https://i.redd.it/9u1nzrib67871.gif + +Didn't our earlier math tell us that they had somewhere 15 and 5 years depending on what source you referenced? + +**SO WHY THE FUCK IS THERE ONLY 2 YEARS OF FORM 990s? - 1 OF WHICH IS THE COMPANY WINDING DOWN?** + +And let's do a **LITTLE BIT MORE MATH.**.. + + + +According to the foundation's Form 990 the total ACTUALLY paid out was: + +**2014: $1,642,788** + +**2013: $4,888,334** + +So that’s a total of… (Hang on let me fetch my calculator)... + +**$6,531,122** + +And let’s not forget… the outstanding balance of $2 million to the Chicago Children’s hospital + +So… + +**$8,531,122** + +BUT… the donation to the Children’s hospital ALONE was supposed to be $16 million announced in 2010 --- BY THE FOUNDATION… which hadn’t even been setup yet. + +So let me see… + +**$100 million - $8,531,122 = $91,468,878** + +Hey Kenny? I think we may have a problem here… + +And further down the rabbit hole we go... + +\----------------------------------------------------------------------------------------------------------------------------------- + +BUT... before we do... let's take a moment. A puppy Moment! + +SMILE FOR THE CAMERA! No look over here... over here good boy... fuck it, just take it! + +&#x200B; + +https://preview.redd.it/j8t64cuv77871.png?width=640&format=png&auto=webp&s=fd0953546dd8e82c5d2fd1adf171ef50e5e55c9d + +\----------------------------------------------------------------------------------------------------------------------------------- + +So after a little digging on this curiosity string, I remembered an Article stating that the foundations commitments would be taken on by the **Citadel Foundation.** + +Source: [https://www.chicagotribune.com/business/ct-griffin-foundation-0906-biz-20140906-story.html](https://www.chicagotribune.com/business/ct-griffin-foundation-0906-biz-20140906-story.html) + +So let's take a look at that... + +(Yup, Citadel have their own Foundation) + +But there ain't a whole load going on here... + + \----------------------------------------------------------------------------------------------------------------------------------- + +**The first Form 990 for the Citadel Foundation appears in 2016 (Bit of a gap in the records there)** + +This shows a mere 90k of donations in… + +And a Total of $461,484 in donations out to: + +* Latin School Chicago +* Council For Economic Education +* Muscular Dystrophy Association +* Marine Corps Scholarship Foundation +* Hartford Hospital +* Leadership Greater Chicago +* University of Chicago Lab Schools +* Francis W Parker School +* Merit School of Music +* Jewish United Fund +* Hedge Funds Care +* Jewish Enrichment Center +* WITS +* All Stars Helping Kids +* Thresholds Phychiatric Rehabilition Center +* St Jude Childrens Research Hospital +* Autisism Science Foundation + +No mention of the Chicago Childrens Hospital + +\------------------------------------------------------------------------------------------------------------------------------------ + +**THE KENNETH C. GRIFFIN CHARITABLE FUND** + +The story continues... + +&#x200B; + +https://i.redd.it/j5l3aw2kj7871.gif + +I found MANY references to Kenny boy making donations to various causes, under ever increasing amounts, referencing The Kenneth C. Griffing Charitable Fund. + +(Here's a couple) + +On Citadels OWN WEBSITE: + +&#x200B; + +https://preview.redd.it/qyqf44quj7871.png?width=647&format=png&auto=webp&s=2461963eab71b087600ac06f512b9870995bfc47 + +Source: [https://www.facebook.com/citadelcareers/photos/were-proud-to-share-that-the-kenneth-c-griffin-charitable-fund-intends-to-make-a/1333523493442956/](https://www.facebook.com/citadelcareers/photos/were-proud-to-share-that-the-kenneth-c-griffin-charitable-fund-intends-to-make-a/1333523493442956/) + +&#x200B; + +On Citadels Twitter account: + +&#x200B; + +https://preview.redd.it/7g7lp3xzj7871.png?width=784&format=png&auto=webp&s=a39eac3625f9abf72fe57e0b54164cac78cdd1db + +But GUESS WHAT... + +Search for Kenneth C. Griffin Charitable Fund on the IRS website. [<<HERE>>](https://apps.irs.gov/app/eos/) + +**GO ON... I DARE YOU!!!** + +**I DOUBLE DARE YOU!!!** + +You WILL NOT FIND IT! + +I tried every variation of the name of this fund but I can't find anything! + +This sent me on a LONG SEARCH APES... + +This search almost had me at breaking point. + +I had almost given up... and was about to post this post as is... + +When it hit me! + +Can you guess what it was>?>? + +I have mentioned it in this DD... and trust me when I say this... it was hidden as 1 sentence in the mass of notes I've taken while researching this. + +I almost missed it. + +WHILE I WAIT TO SEE IF YOU APES CAN FIGURE OUT THE KEY PIECE OF INFORMATION... + +\---------------------------------------------------------------------------------------------------------------------------------- + +PUPPY BREAK! + +Who's got my finger... is it a WOLF... no! It's only this cute little monster! + +https://preview.redd.it/fjpfchu3l7871.png?width=1000&format=png&auto=webp&s=980747701d772251c34b6100f7863f7451b2a95e + +\------------------------------------------------------------------------------------------------------------------------------- + +Ok did you get it? + +\-- There were actually 2 of these listings for Kenneth and Anne Griffin Foundation with the same Final letters. + +There were 2 SEPERATE ENTITIES - listed under the name Kenneth and Anne Griffin Foundation in the Form 990s... + +How is it possible to have 2 separate companies, using the same name... collecting tax-exempt status? + +WELL... APES... LET ME TELL YOU... + +I decided to do a fancy google search for the EIN number (Unique identifier) for each of these companies... and I stumbled across another archive database. + +This archive has a lot less information it would seem... + +But it does have this... + +[2011 - Form 990 - COMPANY: The Blue Knight Foundation](https://www.causeiq.com/organizations/view_990/271106860/18144bf08cbbe623768d225aa4442644) + +[2012 - Form 990 - COMPANY: The Blue Knight Foundation](https://www.causeiq.com/organizations/view_990/271106860/db80347caef04de02c9c02c9d4512718) + +And if you check these out... you'll notice in the company name field, you'll see: + +**THE BLUE KNIGHT FOUNDATION AKA THE KENNETH AND ANNE GRIFFIN FOUNDATION** + +So Kenny tends to name his charities one thing and tell the media that's it's through an Alias name? + +Why the fuck would you want to do that? + +So if he's willing to do that once... could he be doing it again with the Kenneth C. Griffin Charitable Fund? + +Is there a fund out there that Kenny is managing, that like we previously showed... has the potential to be a whale in the stock market? + +Why did the Kenneth and Anne Griffin Foundation, claim to PLEDGE $100 million since 1999, tell the media it was actually founded in 2009... and yet actually only have records under that name from 2013 and 2014...??? + +Why does this article talk about: + +***In October 2006, the Griffins together with the Bill and Melinda Gates Foundation founded a new charter school in Chicago named the Woodlawn High School. Griffin’s charitable foundation*** + +???????????????????????????? + +So many more questions Apes... so little time... + +Stay tuned for the NEXT EPISODE of the BBC! + +\------------------------------------------------------------------------------------------------------------------------------- + +***PS... I've noticed that I have started to be referred as the BBC guy... is there any way I can get the community to reconsider this... (Pfftt ha haa ha)*** + +\------------------------------------------------------------------------------------------------------------------------------ + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) +Tether's official website released an article named "How Tether USD₮ Is Able to Maintain Its Peg When Other Stablecoins Fall". So, there should be a professional explanation about their reserves? Nope. + +The entire article is pretty much useless: + +>Given the recent losses UST investors suffered, many users may be questioning if they can trust Tether USD₮ given the spectacular collapse of UST. +> +>Thankfully, all one needs to do is look at the history and track record of Tether USD₮.  +> +>Tether USD₮ has been relied on as the primary form of dollar-based liquidity in the crypto market for many years and the crypto market has not been without its share of dramatic crashes!  + +Like, what is this? They are saying they should be trusted entirely based on their track record, with no other explanation whatsoever?? + +&#x200B; + +The first half of the page is useless, so what about the second half? + +The second half of the article is titled "How Does an Algorithmic Stablecoin Work?" and it's ALL they are talking about. + +>While UST is referred to as a stablecoin, it has nothing in common with collateralized stablecoins like Tether USD₮. UST is an algorithmic stablecoin. + +Again, they are using UST as a scapegoat instead of addressing their reserves or any explanation of how they maintain their peg. + +[Source](https://tether.to/en/how-tether-usdt-is-able-to-maintain-its-peg-when-other-stablecoins-fall/?fbclid=IwAR38zybf2sEcEoRfH2avk8IxmZUe6R77AGpceIykVihyMK7GIHnx4ON9VP8) + +The entire article is a joke and you should go read it for yourself. + **This is it.** (imagine) the squeeze is over. + +In a matter of some days your wealth rocket from some thousands into the Millions. Congratulations, you are the first Millionaire in your family. Yes YOU, a retarded ape, who never saw 5 or 6 digits in your bank before. And now? How do you keep your new wealth, keep it away from (greedy parts of) family, friends, the government and from financial crisis? Hire a financial advisor, who take 2% a year from your hard fought tendies? HELL NO! (Besides the advisors, that you need for your legal stuff and taxed) Some wealthy guy once said: “it\`s easy to make money, but it´s hard to keep it.” + +In this post I´ll talk about some different assets, you can invest into, that will keep and grow your wealth (No financial advice bli bla blub). + +Since I´m an europoor, I´ll mostly write in € and kilogram (for weight), since the numbers are just for getting a feeling…it shouldn´t be a problem (in case just convert them). Also I excuse for any mistake in spelling or writing. + +Now to the assets, these assets are: + +\- Stocks - Land + +\- Real estate - Foreign currency + +\- Diamonds - Exotic assets + +\- Precious metals - Crypto + +\- Cash + +First of all, it´s a bad idea, to just let your winnings laying around at your bank, inflation eats on it, if your bank goes bankrupt, you are fcked. So first have a look, until which sum your money at your bank is backed up by government. In Germany (German ape here), it´s mandatory 100k € + volunteer higher back up from bank. Don´t let large amounts of money lay over this backed up number or it could be, that you wasted this once ***ever*** event. + +**Stocks:** Why you should immediately invest some of your gains back into the stock market: Since we all know, how big this thing and shitadels fuckery is, it´s pretty sure, that $GME will drive the rest of the market down, a boomer stock blood bath, or how we call it: A FIRE SALE! Reinvesting into stock only has advantages, we´ll get back into the market at a much cheaper price, which will also stabilize the whole market, when Trillions of $ get back into the market, reddit just saved the global economy! + +\-But what stocks should I pick, I only invested in $GME so far? + +There will be a lot of cheap tech stocks on a sale, feel free to pick your favorite and watch them grow. Also you can pick some dividend aristocrats, to get a safe quarterly side income and a very safe and stable stock. Also you can save the wealth of your family and future generations with setting up some cheap Index funds (with xx,xxx-xxx,xxx$), which will grow over the time and also make your grandchildren millionaires. + +**Real estate:** Only buy it, if you know how to do and if you can easily afford it, don´t spend all your money on one property. And don´t make the Kenny G., you don´t need x expensive houses, that require monthly maintenance and slowly eats on your wealth. Only buy a property to live in, if you can easily afford it. Otherwise just buy real estate, if you plan to rent it out or to flip and sell to a higher price. Why? Ever heard of somebody, getting rich with real estate? Obviously. Ever heard of somebody getting rich with his/her property? There you go…draw a clear line between *your* house and a income generating real estate asset of yours. + +Can´t tell you more about how to find and buy a good property, never bought or owned a property (small, young ape here). + +**Diamonds:** (read Edits before Diamond segment) + +Edit: Good comment from u/dutchretardtrader about diamonds, that I didn't knew so far: "The natural ones may be getting harder to dig out of the ground, but the DeBeers company which has a practical monopoly on the supply side has an enormous stash of it, which they're sitting on to keep the price high and stable. +The industrially produced diamonds are just as good as the natural ones, but DeBeers is doing everything they can with propaganda, serial numbers etc. to convince people that somehow the natural ones are 'better' than the industrial ones. It's a losing battle (and then there's the ethical aspect of natural diamonds, ie blood diamonds, poor working conditions of the miners), and at some point DeBeers will probably start dumping their stash en masse on the market to drown out the demand for industrial diamonds, which will also tank the price." + +Edit 2: some apes pointed out, that the diamond market is pretty fraud, do your own research before buying them heavily, there are a lot of other great gemstones available! :) + +If you keep your hands of the sell button on the way up during the squeeze, you are allowed to call yourself diamond baller and are allowed to buy ***real*** diamonds. Some facts about the advantage to buy diamonds and why to diversify into them. Diamonds are small, light, easy to store, have an constant rising price and were never forbidden in the history of money and humankind. Lets say you take a million € of your $GME money and put it into Gold, now you have 20 kilogram worth of gold, have fun storing it! The same amount in diamonds in comparison would be *only* 4,4 Karat=0,88 gram! Easy to store in any safe or bank. The price for diamonds had a constant rising within the last 50 years and had returns of 4,3% a year since 1960. It´s not as much as the average yearly return of the S&P 500, but we might see some higher returns in the next years, since less and less diamonds can be dig out of mines. And the last advantage of diamonds: they never have been forbidden, try to think about any asset, that wasn´t forbidden (or had some shady things going on) at any time and human history (money, gold, real estate, alcohol…). Some things to pay attention to, when buying diamonds: respect the 4 (or 6) C´s, which are: + +*Carat, Color, Clarity, Cut, (Certificate), (Confidence).* + +*Carat= weight should be .3-.33; .5-.53; 1.01-1.3 and so on* + +*Color= D-G (D is the best)* + +*Clarity= IF or F* + +*Cut= excellent* + +*Certificate= from the GIA (Gemmological Institute of America) makes sure your Diamond is real and you can sell it anytime, anywhere. Also every diamond has it´s own number, lasered into the diamond.* + +*Confidence= only buy from legit, serious stores. When you buy, ask them, if they would by it back from you at any time. Only buy there, if the answer is* ***yes****.* + + +**Precious metals** + +Gold, Silver, Platinum and some more: Gold is one of the oldest currency on earth, since more than 5000 years, humankind used it to buy/ sell things and store wealth. Gold and Silver both have a constant value increase over years and decades. Gold and silver both stay strong values in times of deflation and financial crisis. What happens, if gold gets forbidden by the government? In the 20th century we´ve seen 9 big gold-gets-forbidden-events. 1x UDSSR, 2x Germany, 1x USA, 1x France, 1x China, 1x Poland, 1x India and 1x UK. It *could* happen again, but forbidding gold never worked and will never work out in the future. Also we live in different times, in a democratic country it shouldn´t be possible to forbid precious metals for the normal person, while the state and institutions are allowed to keep it. Why institutions? Oh well since 2008 try to guess, who bought gold *en más* to be prepared for the next financial crisis? Institutions and central banks! Since 2008 central banks bought more gold, than in the 50 years prior (2018 around 651,5 tons). Since we know about the unstable market and what could happen, if shitadel and co. starts to burn…it might be a good thought to put some of your money into gold. + +Silver: I know, I know, Apes no like silver, but similar to diamonds and gold, it can secure your wealth and it might be an good idea, to diversify into. When buying silver, you should look at the Gold-Silver ratio, which is historically at around 60 (1 oz. Gold= 60 oz. Silver) . In early 2020 (everyone panicked and bought gold) it was at over 110, which meant Silver was compared to Gold undervalued. Atm we are sitting at a comfortable 69, nice (LOL), so Silver would be still a buy. Before buying research for the tax situation in your country and which coins or bars are the best for you! + +Another bullish factor for the future of Gold, Silver and Platinum is the Basel-III-Rule coming into action in 2022. Banks and central banks are then allowed to put up to 20% of equity into these 3 precious metals to stabilize against crisis and to strength their balance sheet. + +So best for ape would be: Get GME gains, put some of it into precious metals, market takes a big hit, lot of people FUD into metals, prices raise. In 2022 Basel-III comes to action, Banks buy more metals and prices raise again. Apes happy with returns and to have some of their money in a safe investment. + +**Cash:** “Cash is king”, holding some of your assets in physically money has some big advantages! First: you own it, you have it in your hands and are always good to go on using it. If you have money on your bank, you don´t really own it, your bank just tells you, what you *should* own. Think about Greece last financial crisis some years ago, people weren´t able to get their money out of the banks for a longer time…do you now understand, why owning some physical money could be useful? Also your physical money is (still so far) protected against negative interest rates and in times of deflation. Also since you always have access on your money, you´ll be able to (at any time) buy cheap into other assets, if there is a good business opportunity coming up. Buy a safe for your new mansion or take a locker/ safe at your bank, that you can easily access and thank me later. In times of hyperinflation hold 0% in physical cash. + +**Land:** You can take some of your money (x-xx%) and buy land, forests, grassland and fields. It won´t give you annual returns (except you rent it to farmers), but it´ll save your assets long term. With some strategically buys and in times of a constant growing world population, you might be able to sell it to a higher price later, if you are in need for money. Also how cool would it be to have your own forest to have relaxing walks inside? + +**Foreign currencies:** Don´t buy them heavily, maybe some small one-digit-percent number for speculations, but in times of uncovered paper currencies and unlimited money printing (central banks goes BRRRRRRRR) it´s not a good and neither a safe investment. I know, we have apes from all over the world and some counties local currencies are very unstable, if this counts for you, you might consider putting an a bit higher number in safer currencies ($/€) to be protected from your currency and government. + +**Crypto:** It would take a lot of time and words to write everything, since I know many of you apes know way more than me about it (never owned any), I´ll try to keep it short and simple. Even, if you never bought any, you should consider taking some percentage of your assets and put it into crypto, because it´s the future, it´s decentral (government can´t regulate it), it can´t get inflated, since there is usually a limited amount of crypto coins available. I personally would only buy Bitcoin and Ethereum, since they already have “real world use”, like buying your tesla with bitcoin or nft art with Ethereum. Just buy and hold it for the future, maybe in 10 years, you´ll be able to buy a new house in Bitcoin, which is at 200k/Coin. Who knows. As much fun Dodgecoin is…now since you are wealthy, you want to *keep* your wealth. Don´t buy coins, that you don´t understand or that don´t have a deep (fucking) value. + +Edit: good recommendation by u/trpHolder for another coin currency: "Monero is what bitcoin dreamed to be in the beginning days. It's way more practical than bitcoin and ethereum, because the transaction fees are low as fuck and the confirmation time is also a lot faster. Bonus points also go to privacy, with bitcoin and ethereum anybody can find out how much you own if they gain access to your public key ( which is really easy, since it will be exposed when you make a transaction), Monero on the other hand is as private as it gets. People can know your public key but they will never be able to see how much you hold and how much your transactions are. (...)Monero was designed to be as private as possible and it's using a technology which makes it impossible to track transactions." +Obviously no buy recommendation, do your own research, before taking heavy positions. + +**Exotic assets:** Now to the last and probable most fun one! Exotic assets, what should that be? A coconut palm farm? Buying islands in the Caribbean or a property on the Cayman islands, so you can visit our friends from the “[everything short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) and [the everything connection](https://www.reddit.com/r/Superstonk/comments/mokvhk/chaos_theory_the_everything_connection/)” lol? Nope, exotic assets usually have side effect of being hell of fun, an exotic asset could be a exotic car, a watch, whiskey, antiquities, or art pieces. Everything of these is a different market with different experts, before buying some antique furniture for an exorbitant price, you should inform and consult with an expert. After you purchased one exotic asset, **treat** it like an asset!!! Buying a rolex with the speculation of selling it way higher in 30 years *won´t* work, if you wear the watch every day. Driving with your old-timer/ exotic car to a $GME ape meeting-yes, going on the racing track and driving like crazy-no. Buying whisky for 50.000 and then just drinking it? NO, store it in your mansion, so you can sell it higher in 20 years. Only excuse I´ll allow for opening a bottle of the bought whisky is, if another ape comes for a visit, so you can look back at the financial war of 2021. You can have a lot fun buying and researching exotic assets, just let me tell it again: treat them as assets, otherwise, you´ll lose money! + +Edit: a comment about exotic cars by u/ineptVirus: + +"I think cars are a fantastic asset to the multi-millionaire investor and they are largely overlooked. + +They are overlooked as an easy investment for a few reasons: they are large, they do require some maintainance even in long term storage, and you need to know your stuff (or know someone who does) to make a fantastic long term investment. + +However, if you can pick a nice model, in a good condition, you can have a great appreciating asset that can sometimes even match some stocks and funds for growth of value. I think this is especially true with the upcoming electric car revolution. Remember, noone makes new classic cars! Supply is on a downward trend, demand is pretty constant. And there are lots of cars for every price point, from a few thousand to a few million." + +**(Yolo with DOMO):** Only relevant, if you are in the U.S, so sadly not for me. Domo capital is a Institutional investor firm, that supported us apes with information and called out false news/ media, they´ll do an AMA the the 20/04 with us. For U.S apes with 100k left, you might think about investing with them, they have good returns and are pretty smart. + +Now on the end a short table, how certain investments tend to perform in different events/circumstances. (Took from a German financial investment book and translated it). + +[Performance of different assets during different events.](https://preview.redd.it/91d8gde58js61.jpg?width=1654&format=pjpg&auto=webp&s=7cf2172387456217b88af2fc6035bf11a05a97ee) + +As you saw, most of these assets are real/ physical assets, I can´t tell you, how many % of digital assets you should buy (Stocks, cash at bank, crypto) vs real (real estate, diamonds, precious metals, cash, land, exotic assets), it depends on your personal risk. But generally, the higher your wealth, the more you should diversify into real assets, so you´ll “really” own your assets. The earlier you´ll make a plan in where and how much to invest (after you sold and have amount x to play with), the better. It´ll take some time and new knowledge to have your wealth spread in different assets, just try to have fun doing it and then you can just sit back, enjoy life and watch your wealth grow over time, while it´s also secure from different circumstances. + +&#x200B; + +**TL;DR:** If you made a large amount of money in GME (after the squeeze!) and want to keep your wealth... just read it, seriously. I´m discussing different assets, advantages of these assets and why certain assets are important to keep you and your future generations wealthy. + +&#x200B; + +Ape strong together <3. + +Edit: rockets requested, so here you go! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +When you’re considering buying something frivolous, and you are not sure that you should buy it, ask yourself what it will cost in hours worked. + +For example let’s say that you want to buy a new pair of shoes, on a whim. They cost $150. If you make $20 an hour, after tax and other deductions, those shoes will cost you (approximately) 7.5 hours of work ...or about 1 day. + +If you love your job and you want to work more and you really want those shoes, then you should go ahead and buy them. But if you already put in enough time at your job and you’re trying to save for the future, then asking this question can provide a different perspective. + +We’re taught to think about things as being “affordable” if we have enough money coming or on a card. + +We’re also told that if we need more money we can borrow it and then just work a little harder to pay it back. + +But your time is important as are the dollars you earn, so next time you’re looking at something that you might not necessarily need just ask the question: “how many hours will I have to work to pay for this?” + +If you don’t buy something after considering that question, you can put the money you didn’t spend into savings...and treat yourself when it’s really worth it. :-) +Congratulations to all the bitcoin hodlers. We held through the bear market. We held through the corona dump. Now first time closing weekly candle above 12k since all time high!! GREAT JOB!! BITCOIN FOREVER!!💥💥✌ +Using alt account for anonymity. fatFIREd some time ago thanks to a windfall and moved to a rural, incredibly LCOL area to avoid any potential lifestyle creep. I purchased a small apartment complex and hired a property manager to handle everything while I live in one of the apartments. No one here knows my net worth which is exactly how I like it, but I'm finding that without much spending, my assets continue to grow through the reinvestment of the returns. This hoarding of wealth is something I personally have a problem with, and want the money going to people who need it like my neighbor's daughter. + +&#x200B; + +Her family is struggling financially thanks to very poor life choices by the parents, though this girl is clearly a very gifted individual. She has no plans for college thanks to limited resources, but I would like to ensure that she is not hindered by finances and accomplishes everything I know she's capable of. + +&#x200B; + +How do I allow someone to be financially independent while maintaining anonymity? What would be the best way to prevent misappropriation of funds especially by her as the beneficiary? +Like I know I'm gonna get down voted into oblivion for this and called a shill... but seriously can someone please explain to me why the fuck anyone would still be holding this stock? I just cannot comprehend how anyone can have a justification for holding a stock with a real value of less than $2 as it tumbles from +$50 all the way back to $10. Like what the fuck are you waiting for? Sure I get GME you can argue the turnaround or the NFT marketplace or that somehow a csuite team justifies an absurd valuation of the stock. But like none of that can be argued for AMC it's literally a sinking ship and the CEO selling shares monthly just proves that. I love all you retards and I made money on options on GME, AMC, CLOV & all the retarded shit like that. But I'm out almost immediately after I secure that 1000% + gain... why are you guys holding it still, genuinely curious? +Looking for advice on my roth portfolio. I am 21 and was planning on setting it up as follows: + +VTI - %30 + +SPYG- %30 + +SCHD - %20 + +DGRO - %10 + +SCHY - %10 + +Should I add or change any of the holdings and should I change the percentages? +So here's the embarrassing truth: I'm a married man in my 40's with a three year-old kid (and another one on the way). I have a job that doesn't pay so great (but offers some nice benefits) which, for reasons I won't go into here, I'll be let go of in about three years. My current living situation and income allow me to save about $1000 a month. + +The problem is, we only have about $10,000 saved now and do not own a home and I'll be 60 in about twenty years and have no idea how I'm going to get a decent income in three years. + +I honestly don't care about income, I'm more interested in wealth. My goal is to a) own a home, b) be able to pay for my kids' college tuition and c) be able to live comfortably by the time I'm 65. + +My wife and I are not big spenders (well, not any more), so we have no problem being frugal and saving money, so long as we have the income for it and no emergencies come up. What, if anything, can we do to try and reach our financial goals in the next 20-25 years? + +Edit: Sorry guys meant $1K a month. Fixed the typo. +Right now I have $3,800 in my savings. I'm 25 years old, and I'm in the military. I make 800 every 2 weeks. My tax returns are typically around 1.5-2k in February. + +I have a phone bill (260), car note (240), 3 credit cards (130), and insurance (160). + +Monthly income 1.6k, monthly bills 790. I don't pay rent, or utilities as I live on post. I owe 2,300 on 1 credit card, 400 on another, and 800 on the last. I also owe 7,000 on the car. My credit score is at a staggering 690 (which I actually find insane due to my credit usage). I live within my means. + +However, I want to start snowballing my debt free plan before the end of my contract in 2 years time. What should i do? + +Note: My car is in desperate need of new tires, oil change, and a tune up. +My fiance and I are childfree. Hence, we aren't sure how things will work when it's time for us to move in to a retirement home, particularly if one of us is very sick or has dementia. We're just so used to how things have worked in our families: the kids handled it. So what can we set up so that we're taken care of when we can't care for ourselves anymore? +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. +Hey UKPF! + +We have a slightly awkward financial situation in the household which has arisen with my wife's new job. + +She's been taken on at a small business at £17,000 for 40 hours p/w, she's 28, she is not an apprecntice, so at minimum wage, she should be on £8.91. This would increase to £9.51 next April, however, at the salary and hours she's on, i've calculated the hourly wage to be £8.18, a difference of £231 p/m or £2777 per year. + + +I think this situation has arisen out of ignorance, rather than any malice, but obviously it should be corrected (if i'm right in my calculations that is!) + +The awkward thing is, she started this week, there is no structured HR, only a "big boss", so my wife is understandably feeling awkward about having this conversation. If it were me, i'd talk to them directly (and have said as much to my wife) and mention that in order to be being paid the national minimum wage, my salary should be £19,777 . + +I have heard HMRC often check for employees being paid below nmw, but I expect this may take some time. What would you guys do in this situation, ideally avoiding any solutions that are "find a new job"? +So I was having a look at the premium you would get if I was to sell a put contract with a strike price of $1,150 that expires 1/19/2024. The premium would be worth $42,600 + +I think my break even price would be $724 per share before I would make a loss. + +If left to expire and not be called I would gain around 37% ROI + +Interested in hearing pros and cons to this. +I inherited 4 properties from my parents. I’m in my twenties and have zero family or friends familiar with rental properties and land-lording. One is a triplex so it’s technically 6 units total. + +I took major loses over the last 2 years because of tenants who didn’t pay and used the memorandum to their advantage. I’m young and a female so I know the tenants I inherited weren’t taking me seriously and didn’t think I’d do anything about it. I’ve been working on evictions which have been successful this far. + +They are all paid off so I only worry about property taxes and insurance. I already have an LLC open for them. I have a bunch of repairs I need done to have the units up to my standards. My parents didn’t do many upgrades when they are necessary. I want to get this done ASAP because everyday my units are empty I am losing money. I have always been interested in property. I’m from south Florida so you can just imagine the market here and I know this is something I can handle, I just don’t know where to start and want to have an idea of what it takes before hiring a property manager if necessary because I want this to be my passive income on the side of my career which I’m still deciding on. I don’t want to be fucked over by someone managing my properties so I’d rather do as much as I can to learn and see if I can take care of them myself. I’d love to be a real estate agent but Miami’s market is oversaturated with agents so I’d probably move away if I wanted to pursue it. I refuse to sell, my mom left me this for my future I don’t care how much of a sellers market it is atm so I need to fix this mess soon. + +Any books or resources to help me learn? Instagrams? YouTube? +Also curious if Airbnb is something I should consider or does the amount of work because of the quick turnover outweigh the profits? +Should I get a property management or real estate license just so I have the education necessary to run this as best as I can? + +Edit: I am at work so if I don’t get to the comments that’s why. I appreciate all the feedback in advance and will be responding soon. +I am heavily considering this being my last year of teaching but I'm guessing I'll be taking a cut in pay what ever I do. + +Just wondering if anyone else has made a career change later in life and what you did? + +I'd like to try and maintain around $100K - would even consider going back to study project management or *something*. + +Thanks +[https://www.cnbc.com/2020/11/23/trump-appointee-informs-biden-that-gsa-will-begin-transition-process-reports-say.html](https://www.cnbc.com/2020/11/23/trump-appointee-informs-biden-that-gsa-will-begin-transition-process-reports-say.html) + +I think this is a great sign along with Biden's appointment of Yellen as the Treasury Secretary. The news brings a sense of stability in that there will be a smooth transition of power and Yellen apparently has a track record of focusing on economic growth as a true economist as opposed to giving into political leanings. + +While I am not one to boldly predict how the markets will react the rest of this week and there is still uncertainty given the rise in cases and the lack of stimulus... at least there are fewer variables to worry about. + +Any other input or points of discussion about how this news may/may not affect the markets moving forward? +Hey Everyone. Title says it all. Just trying to get a feel for how attainable this dream really is. I’m getting super burned out from my day job (litigation attorney) and I’ve been keeping my eyes open for other opportunities. I’ve been kind of interested in trading the past couple years but everything I always heard from people I know was that it’s a waste of time and everyone loses their money eventually. + +Well the last couple weeks I’ve decided to really start getting into it. I have a strong math/statistics background so it’s really clicking for me in a way I didn’t expect. More than that, I’m really enjoying it. Like a lot. I lost a couple grand in crypto during the hype in 2018-19 and I learned my lesson, so I’ve decided to really put in the time and effort to learn how to do this right—trading stocks this time—and I definitely see that it actually is something people really can make a living off of and I feel really excited and confident that I could do it too, though admittedly I just opened a TD account a couple days ago and am still learning to use thinkorswim (with paper trading of course). So I guess I’m just curious about whether most of you actually make a full-time living off of day trading or if you do it more as a side hustle. + +Any thoughts, advice, or resources are appreciated as well! +Assuming you will never sell for 5 years (even if it falls 50%) and will buy more at each dip. What do you think? + +I know. I know. No free lunch and nobody knows what a stock will do and everyone wants free money. +I feel like this applies to any independent (not at home) living situation, but the Dollar Store is an excellent place to stock up on essentials like ceramic plates and bowls, glasses of all shapes and sizes, hand towels, oven mitts, kitchen utensils, household goods...the list goes on and on. + +I graduated from college in 2017 and I’m still using the dishes and things I bought my sophomore year! Why spend upwards of $3 per plate/towel/etc. from places like Target for essentially the same product? +Hi, + +I joined fatFIRE today and scrolling the past few hours has been a delight. I’ve noticed a lot of the content here is US based and I’m wondering if there are any fellow Canadians that are currently financially independent that can share their experiences. + +I’m currently 28, I have been invested in the crypto markets for the past several years. In the new year (2022), I will realize the profits and will put me in the ball park of 7/8 figure bracket (very roughly speaking). I come from a relatively middle class/ upper middle class background and for the most part, this journey has been completely solo. There hasn’t been too many people around me that I can talk to about in terms of money (at least to the extent that I would want to), nor would I necessarily like to announce new found wealth to my peers. I plan to stay rather quiet about it and continue my path to accrue wealth. + +When I do realize the profits, I will realize it as an individual and will be taxed as a non registered account I assume. I have nothing in my tfsa/rrsp nor my actual non reg, this has been strictly all in the crypto ecosystems and am expecting a world of headaches when I do cash out. Once I do cash out, I plan to sit on majorly cash and wait to re-accumulate more crypto, allocate a small percentage to affordable equities, real estate, and have money aside for my parents and older sibling. + +With this in mind, I’m wondering if there are any others who were in similar situations where they had a high 7/ low to mid 8 fig payout from an initial investment (whether it be crypto or not) and what your next steps were and what you did to minimize taxes moving forward. My tax bill will be pretty hefty but due to my limited tax knowledge, I plan to just take the hit and figure it out from there. If you have any experience with crypto, that would be an added bonus. + +First thing that came to mind was a trust as I know ppl in the US may use them but I don’t have a point of reference to Canadians using them here for a net worth of, lets say low 8 figures. + +I’m just trying to feel out what my options are as a Canadian before I seek out any professionals. + +If anyone can share their experiences with their initial new found wealth (in Canada), I would greatly appreciate it. +Hi Reddit, + +Currently I have a little over $500 in my checking account, $0 savings. I am completely homeless with no shelter. I'm 20 years old and never expected myself to be in this type of position. Any advice or guidance on what I can do or where I could go? + +Edit 1 - forgive me for taking so long to get back on here I had my phone charging. I'm currently in Mount Laurel, NJ. And my homelessness has nothing to do with drugs or anything of that nature, it's basically life's curve ball that hit me. Also, everyone in this thread that reached out to me and are providing me with so much love and support, I probably will never meet you, but from the bottom of my heart, I appreciate and thank every single one of you. + +Edit 2 - it's been exactly a week so I figured I'd provide a quick update. The love and support from the reddit community is absolutely amazing, thank you to everyone who reached out and provided me with help. I got a job as a server at a restaurant near the hotel I've been staying at. Unfortunately, my car got towed with all my things in it. My first day is today and I had no clothes until a fellow redditor reached out and took me to get clothes so I'll have something to wear for work. /u/LombardoJoe thank you so much for your help and hospitality, you're a great person and provide some great conversations. I'm very thankful for all the help and advice I've received and there's definitely light at the end of the tunnel so stay focused and never give up. +Huge alerts often move market, and this short squeeze appears different than the last. + +Big money is behind it, and the whales are consolidating. + +Take today: there are still huge [7.8 million dollar $AMC calls just alerted](https://unusualwhales.com/alerts/db49b465-8857-4d16-b962-a2ae93e6af97). + +The bulls are bulling, moving the market with the whales! +Bouncing off the post asking about the best online bank to get, I didn't notice anyone saying anything about Revolut. + +Was wondering if no one uses it? I've been using Revolut for around three years now and not had any issues. +38/m. Did well in corporate America (recruiting/staffing) for 10 years and saved about $1m excluding real estate before starting my own firm in 2018. About to hit 4 years and seen some great growth. We are currently at a $20m annualized run rate at 15% EBITDA in which I am 75% owner. The dynamics of my business model and the way I have been running it is I’ve paid myself $0-little this whole time, investing everything back in the entity. Haven’t had a taste of what’s been built but am aware I can sell, play long game and run for profits, but personally am trying to do some soul searching now that I have some options after the multi-year sacrifices made. Married, 2 kids 7&5. + +For the advice: I am struggling with what to do from here. I feel like I’m more of a startup guy than a mid-market company to big company operator. I’m semi-burnt already from the startup phase, fighting through the pandemic, to last 20 months of explosive growth and growing pains. We are already getting quite a few pings from PE, acquirers, and I’m also looking into an ESOP conversion also. Although I’m extroverted for my job/role, true introvert at heart and would love to have some time back for golf, travel, guitar, video games, health/triathlons, friends. All the stuff that’s fun that I don’t get to do now. + +For those that have been here or can provide perspective. I can sell now and retire but would be disappointing my #’s 2-10 on my team who also have equity and the sale wouldn’t mean much to them. Couldn’t sleep at night with this option feeling like I screwed them over. I could continue running it for profits/later sale and eventually step back but worry about who would step in to take over and take my responsibilities, PE scares me as I’ll need to stay on for a more stressful ride than I have now… + +We are on a path for $100m one day relatively soon (5-7 years?). Part of me says fuck it just keep my head down but part of me would rather be a $8-$15m RE guy vs a $50-$100m guy and all the BS, stress, family dynamics. Part of me just wants to get out now and not deal with the stress. + +I’m the type of person that needs the future plan clear for me to be motivated to gun after it and for the first time what I want and my plan is really unclear albeit a great problem to have. Tough to relate to others with this and hoping to find perspective on this sub. +First a disclaimer - I recognize I'm in a very lucky position and I hope none of this comes across as complaining. + +We (married no kids, early/mid 40's) reached our fatfire number a couple of years ago. That said, I feel like I can't pull the trigger on retiring for a couple of reasons: + +1. Right now my income is about 10% of our net worth which is difficult to walk away from. I am a risk-averse person in general and there are some "one more year syndrome" feelings. Curious about what ratios of income/net worth folks fatfired on. +2. I love most of my job. There are parts that are really annoying (mostly political/people stuff) that aren't about time and more about mental drain. I am working with a coach to let that stuff roll off my back more. There are also aspects of the job that are starting to get boring to me. +3. I have gotten my hours down to 25-30 hours a week. If things ever go back to "normal" I will be in the office \~2 days a week. I can also have 1-2 month stints where I can be fully remote which means that we can try out digital nomading which has been a dream for a while +4. I'm incredibly fortunate to have my job. It's not one that folks with my background typically get and it feels silly/ungrateful to throw it away when I literally get an email a week from folks trying to break into the space asking me "how I did it" + +The main reasons I'm thinking of quitting are: + +* I can afford to and my spouse had a scary health issue a few years ago that thankfully is better but it made us realize how short life is +* The political stuff really does get me down. Maybe once every 2-3 weeks I just throw my hands up and think "this simply isn't worth it". But then I look at the above and think I would be crazy to walk away + +Any advice would be helpful! +So assuming I declare myself bankrupt. I have a company under my name but there are unsecured loans owed to a family member by the company as a directors loan. The creditor takes this company and decides to liquidate the assets. Do they have to pay the directors loan first before getting what's left over? Or do they rank the same, or can the creditor get the money before the loan is paid? + +EDIT: I'm declaring myself bankrupt as I owe a large loan to let's call it Lender 1. I don't have enough to pay back Lender 1's loan and I'm self employed, so I'm considering declaring myself bankrupt. Now I have my own Ltd company which has some value in fixed assets and solvent. If I declare myself bankrupt then my understanding is a receiver can take my Ltd company and sell its assets to pay back Lender 1's loan. Thing is my Ltd company borrowed money from my family as an unsecured loan on the balance sheet. So when the receiver sells the assets, is Lender 1 seen as: +1. An unrelated unsecured creditor so gets paid BEFORE my family loan is paid, or +2. As shareholder to reflect my right in the company so gets paid AFTER my family loan is paid? +i’m 14 and got my first job a couple weeks ago, i find it really hard to save my money and not just throw it on stuff i don’t need, (shoes, clothes food ect) any tips on how i can save? i make 19/hr 10hrs a week, if that means anything. +Hi all, + +I've searched up and down and didn't see anything close to my situation with my specifics. Similarly, because this situation is, I think, unique, I figured I would post here to see if anyone can help me out. + +Currently, I have about $20k in debt on a single credit card- thats the only debt I have. I have been paying roughly $400 month on the card to try an pay it off, but somehow it seems like the balance stays right at $20k regardless of what I do- the interest seems to be the culprit in this (the APR on the card says "12.15% [Prime + 7.65%]"). It feels like a two steps forward one step back kinda deal. + +I do have about $20K in mutual funds (Trad. IRA) at the moment and as I am sure most of you would agree with, there is absolutely no way I should cash that out to pay the debt...or should I? The idea being that once the debt is paid, I can replenish my mutual fund so I won't keep gaining interest and actually pay the card off? I also thought about trying to transfer the balance to another credit card with an 0% APR to start and try to aggressively pay it off. The problem with this is that with other bills, etc. I have enough to put some away in savings and then some for me. + +My credit score sucks right now at just over 600 due to some medical bills I am fighting at the moment. + +I REALLY just want to get this debt paid off and move on from it, I feel like its been years like this and I am throwing my money away. + +If anyone has advice, or more questions to clarify, please ask- I am begging you and want this to be done with! I am 35 and planning to move across the country at the end of the year with my partner to start a family and would like to knock off as much debt as possible. + +Thank you in advance! + +Edit 1: Mutual Fund is Traditional IRA + +Edit 2: I appreciate all the comments and suggestions...THANK YOU ALL! - it has been eye-opening for me. I have to step away from my computer for the rest of the day, but will try to reply to everyone when I get back and update with what I decide on as my plan of attack! Thank you! +Old timer here. Just wanted to do a quick post about these days. I got involved in Ethereum at the ICO level and just want to share my thoughts with you guys. +Blockchain technology is here to stay. +Only the strong will survive. I went through the DAO Wars and made it. + +In a few years will be laughing about all this. ETH will become more valuable than oil since it will form the backbone of the IoT revolution, and the AI systems that will become increasingly aware of Blockchain as a source of truth. + +Network effects are already in place. Ethereum was the first true Smart Contract platform, and it is evolving rapidly. Other projects don't even have 10% of the developer base of Ethereum. + +Ethereum Enterprise Alliance. Blockchain City in Nevada. Dubai, Singapur and Zurich will become the first blockchain-based City States with full sovereignty. Its own Constitution & Cryptographic enforced Laws. Autonomous driving. 3D printing. All enforced by Ethereum Blockchain technology. + +So, just to finish up, future has never been BRIGHTER. Remember, dawn is always preceded by the darkest hour of the night. +I just wanted to offer a candle in the middle of this darkness. That's all. +So I have been reading about FIRE from few months and have seen quite a few posts on Indian as well as other subs too. The thing is that most of the people have some kind of leverage such as inheritance,land,multiple properties etc,how can a guy from a middle class family earning 50k-70k(assuming a mid 20's guy who has a decent job) while supporting his family,living in a diff state in tier 1/2 city can achieve such goal?There are tons of problems plus expenditures for such a guy assuming what they have is just a home and have a family of 2/3 to support. One thing more most of the middle class families have never invested . Plus consider this that none of them are government employee so no way of getting pension . Any suggestions/answers would be highly appreciated . +Hi + +I am a salaried guy. I received a tax notice saying that "There is inconsistency between salary income in return and Form 26AS". The amount in 26AS is the total salary and the amount entered in tax return is the value in " Income chargeable under the head 'salaries' \(3\-5\)" from Form16B after removing HRA and Transport Allowance which has been accepted by my organization. + +I had uploaded my form16 to cleartax which automatically picked up this value. + +Is this wrong? How do I go about responding to this issue. The amount in question is approx 80000 rupees. + +Should I hire a CA? + +Edit: reached out to cleartax and they refused to help. Need to hire a CA for initial 999 for them to respond. Would it be better to go for neighborhood CA or take professional CA from cleartax +Finance noob here. I was reading about the recent merger of the three banks. Can anyone explain to me the economic short/long term impact of the merger and why was the merger required in the first place? +So I have been reading about FIRE from few months and have seen quite a few posts on Indian as well as other subs too. The thing is that most of the people have some kind of leverage such as inheritance,land,multiple properties etc,how can a guy from a middle class family earning 50k-70k(assuming a mid 20's guy who has a decent job) while supporting his family,living in a diff state in tier 1/2 city can achieve such goal?There are tons of problems plus expenditures for such a guy assuming what they have is just a home and have a family of 2/3 to support. One thing more most of the middle class families have never invested . Plus consider this that none of them are government employee so no way of getting pension . Any suggestions/answers would be highly appreciated . +Recently began investing in ETFs in Ireland. I’m using Accumulated ETFs so taxes on dividends wont be applicable.... yet I’m aware of capital gain taxes and the fact they force you to pay them after 8 years. What would happen if I leave Ireland before that period? Do I have to pay any exit taxes since I bought them while living here or would the tax law apply where I sell them in the new country? +As title states I have 500K euros to invest long term. I am a a uk expat and Spanish resident for last 20 years and have done some research into ETF's and using the KISS mantra feel that 100% equities with Vanguard VWRL and VHYL using Degiro as the broker would be best. + +When it comes to taxes I cannot decide if it would be better distributing and paying the relevant taxes or investing less for x amount of years and accumulating. + +I do not have any salary income at present, no mortgage or any debt to pay and have around 10k in an emergency fund. I have around 3 years left before eligible for state pension and I would need around 3k pm for living, bills, travel. Being a noob at this I would love to hear alternatives. + +EDIT: Doing the math does show that 3k a month on 500k would be 7.2% return which is fanciful. With around about 1000 euros per month in outgoings/bills income of 2k per month would be a more conservative figure. +So, I’m 35 year old, I have no much time to spend to my retirement investment. So, I tried to find a low-fees performing lazy strategy (obviously with pros and cons). I don’t know if it’s the better one strategy, but I think it's not the worst one either. + +I funded my ETFmatic portfolio (EUR) (90% Stocks and 10 % Bonds) at the beginning of January 2018 with 2400 euros. + +After one-year (1/1/18-31/12/18), with ETFmatic 0.48% AUM fees (per year, 0,48% <25k and 0.29% >25K), **I have paid 9€ fees for 2018**. + +There were 20 transactions (new contributions and auto-rebalancing) over the year (15 Buy and 5 Sell). + +The proportional TER of ETFs held in the portfolio is 0.10 %. + +Here is the portfolio : + +||Instrument|ISIN|Acc./Dist.|TER%|Current %|T.E.R of ETFs held Portfolio| +|:-|:-|:-|:-|:-|:-|:-| +|1|VANGUARD FTSE DEVELOPED EUROE EX UK|IE00BKX55S42|Distributed|0,12|11,64|0,01| +|2|VANGUARD S&P 500|IE00B3XXRP09|Distributed|0,07|62,54|0,04| +|3|VANGUARD FTSE DEVELOPED ASIA PACIFIC EX JAPAN|IE00B9F5YL18|Distributed|0,22|2,21|0,00| +|4|VANGUARD FTSE EMERGING MARKETS|IE00B3VVMM84|Distributed|0,25|7,05|0,02| +|5|ISHARES FTSE100|IE0005042456|Distributed|0,07|2,77|0,00| +|6|HSBC MSCI JAPAN|IE00B5VX7566|Distributed|0,19|3,85|0,01| +|7|ETFS LO IM GLOBAL GOVERNMENT BONDS|IE00BSVYHQ11|Distributed|0,26|0|0,00| +|8|VANGUARD EUROZONE GOVERNMENT BOND|IE00BZ163H91|Distributed|0,12|9,76|0,01| +|9|ISHARES € INFLATION LINKED GOVT BOND|IE00B0M62X26|Accumulating|0,25|0|0,00| +|10|CASH||||0,17|| +|||||||Total TER 0,10%| + +I don’t know if we could say that the fees are high or not in comparison of the number of ETF, transactions (new contributions and rebalancing) and auto gliding path until your retirement date included in their service. Maybe the costs could start to be considered too high only from a higher AUM. + +Disregard ETFmatic's management fees, I think their asset allocation is consistent. + +There is also the lazy option to acquire 3 ETFs (see below Option A) or 3 passive no-load index mutual funds (Option B) via a broker or directly via a Vanguard account (I don't know if I can get one from Belgium ?), but you’ll pay others fees type, do rebalance and gliding the path to your retirement date yourself, it’s not a big deal for me. + +But, not to mention the tax that is specific to each country, I don’t know if you’ll pay significantly less fees with this strategy (option A and option B) than robo-advisor such as ETFmatic. + +Additional paperwork required when filing taxes on investments done through a foreign broker or robo-advisor like ETFmatic isn’t a big deal for me but if I can do without it, it's better. + +&#x200B; + +**I'd like to do my homework, so from Belgium or elsewhere in Europe where can I get, with low fees, these ETF and passive no-load index mutual funds to compare strategies (ETFmatic vs option A vs option B) about asset allocation, fees, tax, time consuming, point of view please ? Another solution than** [DEGIRO](https://www.reddit.com/r/EuropeFIRE/comments/6j50yz/brokers_you_get_what_you_pay_for/) **please.** + +&#x200B; + +**Option A - ETF (by example Vanguard, Amundi, Lyxor, …) :** + +* 83% Vanguard FTSE Developed World *IE00BKX55T58* Distributed (TER 0,18 %) +* 7% Vanguard ftse emerging markets *IE00B3VVMM84* Distributed (TER 0,25 %) +* 10 % Vanguard eurozone government bond *IE00BZ163H91* Distributed (TER 0,12 %) + +**Option B - Passive no-load index mutual funds (by example Vanguard, Amundi, Lyxor, …) :** + +For stocks, inspired from /u/quietinvestor (basically, replicating the MSCI ACWI Index with this asset allocation) + +* 83 % Vanguard Global Stock Index *IE00B03HCZ61* (TER 0.30%)replicates MSCI World Index, which is made of large and medium cap stocks from developed countries. +* 7 % Vanguard Emerging Markets Stock Index *IE0031786142* (TER 0.40%): replicates MSCI Emerging Markets Index, which is made of large and medium cap stocks from emerging markets. +* 10 % Vanguard Euro Government Bond Index Fund - Investor Accumulation (EUR) *IE0007472115* (TER 0.25%) + +EDIT1 + +~~We have tax exempt amount (640 €/year 800/year in 2019) on dividend. If I have choice I prefer to go to accumulating (less paperwork with dividend) but it's not a big deal until a certain AUM.~~ + +I'm trying to confirm this information, but bad news, it only concerns stocks, not ETF or funds. If someone could confirm my information please. + +So obviously, in this case it's better to avoid a maximum distributed ETF or funds. +Hi, + +I think it is safe to say that the most recommended pick for ETF on this sub is VWCE, which is trying to follow an FTSE All-World index, as far as I understand this index competitor is MSCI ACWI (correct me if I am wrong), that as well includes developed and emerging markets. + +The same kind of balance between EM and DM can be archived through balancing etfs that follow those indexes (there are some differences between those): + +\- **iShares MSCI EM UCITS ETF and iShares Core MSCI World UCITS ETF** + +\- **Vanguard FTSE Developed World UCITS and Vanguard FTSE Emerging Markets** + +&#x200B; + +**Part that I have trouble understanding:** + +In order to be included into developed markets countries have to pass some GDP per capita threshold and some other criteria (not entirely sure what are those), in that case if a new country would pass that threshold it would be "upgraded" into developed markets index. If so, how is that possible that emerging markets index would at any point outperform developed markets index? It seems that at the point where for example China would start performing better, it would be excluded from emerging markets and automatically upgraded to the developed one. +In case anyone has lived in two or all of the countries (recently), how big a difference did you notice in governance / administration, such as when filing taxes, dealing with social security contributions, etc.? Which country was best and which was worst? + +We're currently stretched across a couple or countries and it's a headache to manage multiple tax returns etc. + + If relevant, income is from: + +- online retail trade in goods, currently as sole proprietor, but would prefer to shift to an LLC-equivalent +- freelance consulting +- stocks +- crypto +Hi all, I'm 20Y old just in college and have about €4K saved through all of my scholarships, gifts, part-time jobs, etc. I'm thinking of keeping €1200 of it in a savings account or a liquid fund with low interest but it'll be my emergency fund in case I need anything for college. + +I need investment opportunities or tips for how should I invest my remaining €2800. I'm okay with moderate risk and can invest for 3-5yr timeline. Besides this, I can also put up about €50/m towards savings. + +I'm in Lithuania and tried using Degiro with a Monese bank account but it doesn't work anymore, so what are my other options? Thanks +You return home from a hard day in the helium mines to greet your robot waifu, your real one couldn’t afford to have her consciousness uploaded to the blockchain. You notice BTC is up 13%, bullish. Alts can only follow, you think to yourself. + +ADA Hodlers are hanging on the fact that Charles Hoskinson the seventh is promising the rollout of smart contracts any day now, just like their ancestors before them. + +ETH is up 50000000000% for the year and the community have collectively bought a planet, they have since started their own society. Their leader Vitalik, too humble to rule, has stepped down in favour of a decentralised democracy. + +DOGE hodlers have been rugged by Elon, who has turned Mars into a giant soft play area, which only he and Jeff Bezos are allowed to play in - as earth just wasn’t enough. +As we all know, the entire crypto market uses USDT as it has the most trading pairs of any stablecoin. As we all know, Tether is a very shady company refusing to be transparent about what is actually backing USDT. + +USDC, which is "*fully backed by cash and equivalents and short-duration U.S. Treasuries*" and publishes monthly " *attestation reports by Grant Thornton regarding the reserve balances backing USDC"*, is a much more reliable alternative. + +For months now USDC is growing larger and larger. It had a $4B market cap on 1/1/2021 and currently stands at a $41b market cap. A 10x increase. + +Tether currently stands at $76b market cap, coming from a $21b market cap. A 3.6x increase. + +If this trend continues, USDC will flip USDT within the year, which means the inevitable exposure of USDT as a scam will have a much smaller impact than before. +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. +Hey there folks! Today I want to talk to you about what’s really going on in the stock market and what we should expected next… + +**\[Don't: Read Very Long Post | Dislike Before Reading\]** + +So, in the last couple of weeks, we have seen a very fast correction in the tech heavy Nasdaq [Index](https://imgur.com/aK26hjA) after the bond yields rapidly spiked over 1.5% for the 10y, as a lot of investors kept getting spooked by the employment numbers coming in slightly better than expected, though many important things are still hidden in those numbers. + +For example, last week we saw the US gaining almost 400K jobs, but this barely moved the unemployment [rate](https://imgur.com/7PJTWUA) which still stands at 6.2% (and this doesn’t even include people who just quit searching for jobs). Almost all of the job [gains](https://imgur.com/B3av5gb) were seen in the leisure and hospitality sector, which has started to regain some momentum after it was the most affected by the events of last year, as this sector is still down more than 3.5M jobs since a year ago. + +These past weeks we also [saw](https://imgur.com/yeudkin) jobless claims continuing to go down, with the latest initial jobless claims coming in at the lowest level since last early last year at just over 700K, as the continuing jobless claims also coming in at just over 4.1M. + +But guys, regardless of the jobs & unemployment numbers, the main thing that will keep investors on edge will continue to be treasury [yields](https://imgur.com/rDjy9fO), the interest rates and how this are affected by the inflation [numbers](https://imgur.com/awXUGgw) which are expected to see a huge bump in the next months as we will have very low comps compared to last year when we saw the rona starting to pick up steam. + +We can see [here](https://imgur.com/QbuiSot) the core inflation came lower this month with an increase of just .1% which jolted the stock market and started a recovery after the sell-off in the past weeks. + +Given that tech names & EVs were some of the biggest hit stocks we should also take a quick look at NIO, as the company lost almost half of its value in the past month, dropping from over $66 to just $35 after the big sell off in the past weeks. + +NIO’s drop was also amplified probably by the fact that they posted mixed [results](https://imgur.com/t0jRJEW) for the 4th quarter of last year, as they just missed the top line but did manage to post a solid beat on the company’s bottom line, losing just $0.14/share. + +Investors might not have been happy to see a guidance of just 15% above their 4th quarter given the huge valuation and expectations of the company and the huge global chip shortage that will limit NIO’s production capacity to just 7.5K/month in the 2nd quarter of 2021. + +I still have a mixed opinion about NIO’s stock, but after this huge sell-off, it has become more attractive given the continued [growth](https://imgur.com/cI1TNWJ) of sales the company has seen in the last years, while I also believe NIO will remain one of the winners of the EV disruption. + +The other stock that I wanted to mention after what has happened in the past weeks is Zoom. + +I really like Zoom’s products and I understand the hype of the stock, but I also really believe they will struggle to keep the huge growth rate going, as the company might have seen its peak growth after the massive work-from-home movement in 2020. + +[Zoom](https://imgur.com/UygZxJZ) also reported a beat on the top & bottom line and I expect them to continue to have another great first half to start 2021, but after that, the company will have very though comps to go against, which might really put some downward pressure on the stock, especially as more people go back to their workplaces. + +You can see, even the company doesn’t expect the huge growth to continue, with the revenue growth expected to only slightly continue to grow during 2021. + +Zoom is valued at almost $100B which is really hard to justify unless the company continues to innovate and bring more & more products to the market, as the industry they operate in will only become more competitive over time with other big players like Google, Microsoft, Salesforce & many others looking to take market share. + +Guys, if you are still in doubt about what to do next in the stock market, you should just take a look at the chart below and start thinking long term, because investing, if you are really looking to make money is all about the long-term. + +You can see [HERE](https://imgur.com/ZlO593t) in the past 100 years we've had 8 bear markets previous to the one we saw in 2020, with the average bear market lasting just 1.4years compared to over 9 years for every bull market with a staggering difference in gains vs losses as well. + +We can also see in this [chart](https://imgur.com/wM39iSQ) that it only took 15 days for the Nasdaq to enter a 10% correction this time, but you can see the average 12 month return after a 10% correction is almost 30% which is huge, with the likelihood of the index posting a positive return in the next 12 months standing at over 90% + +So, given that we had a bear market last year, I believe it’s highly unlikely that we will see a huge drop in stocks even if yields continue to rise, as the real return of the treasury yields will continue to be close to 0, as I don’t expect them to jump more than 2% for the 10y anytime soon. + +Moving on, I recently saw some [comments](https://imgur.com/I3ijkKT) made by David Tepper which I wasn’t really aware of but which made a lot of sense to me, he highlighted that the other downward pressure put on treasury yields, which will keep them in check, will come from investors in other countries like Japan, Germany & many others, as the US treasuries have become way more attractive than others. + +One other thing that I think should be mentioned is that the [Dow Jones](https://imgur.com/undefined) has continued to make new high after new high in the past week, being led by companies like Disney which has just surpassed 100M [subscribers](https://imgur.com/fCTDNGX) on their Disney+ platform while also getting a boost from their other revenue streams starting to come back online, and of course the stock that has led the DOW in the past week, Boeing, as the [company](https://imgur.com/K6SPGY1) had more sales than cancellations for the first time since November 2019 as the 737 MAX crisis is finally starting to fade away for the company, with even more possible [deals](https://imgur.com/4XYgfs9) likely to close in the next period, as airlines start to have a better view of what the future will bring for them. + +Friends, you shouldn’t be scared of stock market corrections or dips as we have [seen](https://imgur.com/74dAwZO) a 10% pullback once every 11 months as you can see, with the frequency of bigger crashes decreasing significantly, but as always, because we are highly emotional beings, it’s very hard for us to handle our emotions after a series of red days. + +You should remember though, most often than not, the best way to go is just to ride out the dip and even starting deploying more cash into the stock market the more it drops. I think you should develop a strategy of not selling on big red days and deploying an increasingly higher % of your cash into great stocks the more the stock market drops. + +I also fully expect some part of the next stimulus check, which was just signed by Biden, to end up in the stock market, which might help push the stock market on the right path despite increasing pressures from rising yields and possible short-term inflation fears. + +**So just to end this post guys, is the stock market going to crash? My short answer is NO!** + +I don’t expect that to happen any time soon. Even if we continue to see volatility in the stock market you should use that to your advantage and smartly deploy cash into great companies, which leads me to my other question, should you buy stocks today? Well, at the moment of writing this post, futures are currently trending down pre-market (SP & Nasdaq in the Red, Dow +0.2%) and If they continue to do so it might be a good chance to deploy some cash, but don’t rush into the first red day you see, slowly build your positions or add to them. As a rule of thumb, I like to buy more once a 5% dip occurs in the stock market and slowly deploy cash the more it drops. + +**Thank you everyone for reading🙏 Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time❗** +I 35/f have a question regarding maxing out my 401k. Ive already maxed out my Roth for the year, established a 6 month emergency fund and still contributing, plus contributing HSA. + +My company offers 6% match and currently I contribute 15%, should I just do the max 6% and allocate those funds to somewhere else ? Also they offer a traditional /Roth 401k and I have those split for my contributions, should I just focus one or both ? Any help would be appreciated! +Property used to be under a PM who did the vetting. Tenant is about 2 months behind currently. They have been consistently behind for almost a year and will get caught up sometimes but its mainly due to their medical issues. + +Now I see this as a bit of a moral issue. Kicking someone out because they can't pay rent because they have to choose between getting surgery and being able to live. Thoughts? +Every once in a while this subreddit gets just overrun with XRP apologists. They tell us about how dumb we are for not seeing the genius of XRP and smugly tell us that we must just hate to make money. And once again I find myself explaining why I think XRP's evaluation is completely insane. Obviously it is a free country, and no one is going to prevent you from buying XRP, just please find your own space to talk about how wonderful it is. + + +First of all, I think Ripple labs is a fairly impressive company, and I would be completely open to buying stock in it, but I don't think that value proposition carries over to XRP. I even think it is completely plausible that Ripple supplants SWIFT's antiquated technology. + + +But let's assume that Ripple took over for Swift.... what would that mean. According to Wikipedia, SWIFT as of 2015 linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 15 million messages per day. [https://en.wikipedia.org/wiki/Society\_for\_Worldwide\_Interbank\_Financial\_Telecommunication](https://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication) + + +That means that SWIFT is doing approximately 5,475,000,000.00 transactions per year (15 million times 365 = 5,475,000,000.00) + + +XRP has a transaction fee of .00001 XRP (see [https://developers.ripple.com/transaction-cost.html](https://developers.ripple.com/transaction-cost.html)) Which means that over the course of a year, $27,375 XRP would be burned IF Ripple Labs took over SWIFT (.00001 \* $.5 \* 5,475,000,000.00) In addition, each Ripple account is required to have a small reserve of 20 XRP in order to trade. Assuming that all the 11,000 financial institutions in SWIFT had this reserve, that would take 220,000 XRP off the market. So based on these numbers, I am supposed to accept XRPs 20 billion dollar marketcap (which is actually more like 50 billion when total supply is factored in as it should be.) And then there's the risk that SWIFT or a bank consortium would fork the open source protocol and introduce their own fiat tokens + + +XRP's market cap seems completely ridiculous even if it had already succeeded. + + +Here are the ICOs that you should all be looking out for this month in my opinion, feel free to add whichever you think is missing in the comments. + +Ambrosus: https://ambrosus.com/ ICO is ongoing. "Combining high-tech sensors, blockchain protocol and smart contracts, we are building a universally verifiable, community-driven ecosystem to assure the quality, safety & origins of products." (Some serious credentials on the people behind this one) + +Wanchain: https://wanchain.org/ Whitelist closed, ICO starts October 3. "Wanchain seeks to create a new distributed financial infrastructure, connecting different blockchain networks together to exchange value." ( A lot of people from Factom advising this project) + +AION; https://aion.network/ The ICO is on October 3. "A multi-tier blockchain system designed to address unsolved questions of scalability, privacy, and interoperability in blockchain networks." + +AirToken: https://www.airtoken.com/ ICO Starts October 5. "We want to enable the billions of offline and pre-paid mobile subscribers in emerging markets to have access to capital for both data, the fuel of the smartphone, and eventually digital and physical goods within the mobile ecosystem. Our vision is a world where anyone with a smartphone can enjoy unrestricted access to the internet." (Harvardlaunchlab Ventures) + +RNDR: https://rendertoken.com/index.html ICO Starts October 5, Registration is open "The first network to transform the power of GPU compute into a decentralized economy of connected 3D assets. We aim to make it possible for any 3D object or environment to be authored, shared, and monetized through the Ethereum blockchain protocol." (Serious credentials on the people behind this project aswell, cap is on the high side at 136m but still worth checking it out.) + +RedPulse: https://coin.red-pulse.com/ ICO starts October 8, Whitelist is already closed (I think?). "China’s economy is already the 2nd largest in the world in terms of nominal GDP, and 1st in terms of purchasing power parity (PPP). However, as a market for investment and industry participation, it remains incredibly difficult to understand. This disconnect presents a huge opportunity to platforms and services that can bridge this informational gap. The problem is made all the more challenging to solve by several critical circumstances." + +Airswap: https://www.airswap.io/ ICO starts October 10, Registration/KYC Opens on the 4th I think. "AirSwap is based on the Swap protocol, a peer-to-peer protocol for trading Ethereum tokens. Many existing exchange designs suffer front-running and race conditions. AirSwap was built with fairness in mind and sidesteps these issues." + +Request.Network: https://request.network/ ICO Starts October 13, Registration closed (over 21k people on their slack) "A decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment." Found this blog very interesting, gives a detailed explanation of what they are aiming for: https://blog.request.network/omisego-vs-request-network-a-detailed-analysis-779d1f66675b + +Grid+: https://gridplus.io/ ICO starts October 30. "Grid+ leverages the Ethereum blockchain to give consumers direct access to wholesale energy markets. This decreases costs, shifts production closer to demand, and moves us all toward a cleaner energy future." (Backed by Consensys) + + +Hey folks, + +I just graduated a little early and am trying to gain a bit more experience with excel modeling for a career in corporate finance prior to my start date which is in 5 months. My past internship (also a F50 comp) didn't really require me to do any crazy excel modeling. Going into my new job, I want to walk in with a good set of skills that will help me out and provide me a slight edge with modeling. + +With that said, for those in the industry already, what kind of excel modeling skills did you find most commonly used and relevant? What do you see as a future tool that will be crucial? Are there any good online excel modeling courses that you could recommend? + +Thanks! +Hi, r/finance + +This is my first post here. I posted here because I recently took up interest in the art of investing and there is no sub-reedit more qualified to answer my questions about investing. + +The second topic i have to research on is Company/Stock valuation. + +What books do you recommend to start off with? There's a lot of books out there about this topic. My guess is i would choose the wrong book, get the wrong ideas and ultimately carry the wrong knowledge for years without even knowing it. + + +So, What books do you recommend I read in regards to Stock Valuation? + + +Thanks. Expecting your insightful comments. +What started as a ragtag of mutant internet people rolling the dice on SPY has evolved into the single greatest and most powerful financial think tank to ever exist. The hedgefunds have their fancy degrees, but we are legion. WSB is essentially evolving into the Wikipedia of Investing. Somebody cooks up a play. Someone else finds more info. Another guy points out where we're wrong. After a bit of this what forms is sometimes a lazer sharp thesis that is open-source and free for all to view and participate in. You heard Chamath he said our DD is as good or better than the hedgefunds. He even said he learned about gamma and delta hedging FROM US while poking around the sub. We are getting smarter every day and soon wallstreet and the media will be sucking our HUGE collective Dong + +TLDR; We are strong. No one can tell us were wrong. Stonks are a battlefield. +If your emergency fund was enough to cover three months of your outgoings a year ago it likely isn’t enough to do so right now - as your monthly energy bills, food costs, transport costs etc are likely to have increased. + +Have you added to your emergency fund to offset this (difficult when your day to day costs are going up) or are you going to just live with a smaller buffer at a time when you may potentially need it more? + +Hasn’t really been something that has come up for the past decade or so due to the very low inflation, but if inflation runs at 10% a year, the real value for an emergency fund is going to be eroded quite quickly. + +Interesting to know if others have thought about rebalancing or are just hoping inflation starts falling again soon and are OK with a smaller emergency fund. +Forgive me if this has been discussed and understood by all already. I did not see this explanation on the posts I read this morning. + +This was a SETTLEMENT between the parties. Likely a Stipulation of Discontinuance in which the State waived any right to prosecute for the questioned transactions in exchange for a payment. Included is a statement that MassMutual is NOT admitting any wrongdoing. + +In other words - this was a reasoned decision by MassMutual to pay a settlement because the costs of years of litigation would likely be much more expense when all resources and man-hours are considered. + +The ONLY reason that it's being called a fine is (well, fud for one) but also because that's just the form in which the State recognizes the funds. It's really just a settlement... + +MassMutual did not admit wrongdoing - DFV has NOT BEEN DETERMINED TO HAVE DONE ANYTHING WRONG. This is meant to scare those who feel they are walking in his footprints on GME. F...U....D. + +There is a technique used by opinion and fud writers where they hide the material facts of the story in certain parts of the article least likely to be read by the reader... Look this up and compare to the articles we have seen. The true facts have been buried on purpose. + +Forgive any typos - I wrote this fast before work. I felt this should be made a post and I hope this helps people understand the situation better. + +Buy.Hodl.Register. +I read claims recently that there are "psychological barriers" below which Tesla could not fall. At one point, the "barrier" was claimed to be $1,000. Then $900. Most recently I saw claims it was $700. + +There clearly are no barriers. Some folks try to make them sound more real by giving them names like "support level". + +I am really bullish about Tesla as a company, but really bearish about the price. If it hits $160, I will start buying, and then DCA from there down. +Title explains it well. I have been working with Conserve to rehabilitate my defaulted student loan. I was going to email the paperwork tonight. My HR-ish/office manager just informed me that the person I have been working with just called our office and: +*Offered to give my office manager my social security number to identify who she was asking about +*Told her she was calling with Conserve (identifying it as a dept collection agency) + +Thankfully my HR person isn't a dummy, so she notified me immediately. Can they do any of this legally? They didn't know who our office manager was, if she would even have access to my SSN, nothing. It just happens that in our small company the phone rings to her extension if you don't enter one yourself. If she doesn't pick up, it gets routed to a random employee that would not have any access to sensitive information. I'm just blown away by this. Is this even legal?? + +Can I get them to stop calling my work? I will NEVER discuss anything with them at work because we have an open office environment. How they hell can they offer up my social to whoever answers without even knowing who the hell they were talking to?? What can I do?? + +Edit: we are small enough that we do not have a proper HR department. The person Conserve spoke with does handle office work and payroll, but there is no guarantee it would be her who answered the phone. +I coded a trading bot that currently uses Interactive Brokers API for both data and trades. It is written in python on Linux. It is profitable but occasionally misses fills. It buys at the ask and shorts at the bid with limit orders. If it were able to get these fills, it would be more profitable. + +So, I assume that if the whole process is made faster, it can get better fills. I plan to rewrite the system in C++, but that is a small part of the delay. I am also willing to go with collocation, to reduce transmission times. My trades are all Nasdaq stocks. + +I suspect the big delays are with IB’s data and order execution. IB’s conglomerated data is notoriously slow. I’m not certain how to time their order execution. + +So, what are good choices for my needs? What brokers and data sources? I don’t need the absolute fastest. I just want data and execution that are substantially better than IB. I’m under no delusion that I can compete with the fastest firms. + UPDATE!! + +the team just announced a preview of the NFT marketplace on their twitter page. + +[https://twitter.com/RowketMarket/status/1374676511349829636](https://twitter.com/RowketMarket/status/1374676511349829636) + +all of this happening while the value of $KET is skyrocketing + +&#x200B; + +since my last post about $Rowket two days ago, the price have jumped to 5x at some point scoring a new ATH every now and then. \[earlier post\]([https://www.reddit.com/r/CryptoMoonShots/comments/m9tsto/rowket\_a\_new\_nfts\_marketplace\_on\_bsc/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/CryptoMoonShots/comments/m9tsto/rowket_a_new_nfts_marketplace_on_bsc/?utm_medium=android_app&utm_source=share)) + +MARKETCAP: $1.6m TOTAL SUPPLY: 48,039,357 Time Since Launch: 7 days ago + +Tokenomics: + +\- 50,000,000 Total Supply at launch + +\- 3% Tax on each tx (2% burn, 1% holders) + +&#x200B; + +I've got a lot of questions from users the past 48 hours asking about this project and here's what i got. + +\- first thing, no its not a useless pump and dump, the team is working on the project and it's has only been 7 days since launch. + +\- a marketplace is being worked on, it should be ready within 1-2 weeks, and $KET is the primarily token to trade with it. + +\- it's a community driven project with a real use case solving an existing issue for high gas fees and providing a platform with low fees to a huge fan base. + +\- First project on BSC of it's kind that provides a platform to the new markets of NFTs, and it will be using it's own currency "$KET". + +\- dev worked on both $MAGI and $LIGHT projects, a successful projects growing till this day, he's not an anonymous person. + +\- NFT farming is in the plans after marketplace launch. + +\- And the team is already signing up independent artists to create unique/original art to sell, there are already 2 independent artists in their Community channels answering any questions you might have. + +\- as of right now there's a max buy/sell of 500k tokens at once. + +\- as of right now the marketcap is 1.6M only 7 days since launch and a direct competitor has a marketcap of 100M+ which is even considered a low MC for such a project. + +\- cg and cmc listing coming very soon, litepaper coming out in less than 48hrs, roadmap being worked on. + +\- the team is doing airdrops everyday for various NFTs until the marketplace is launched. + +\- liquidity burnt. + +imo this will go big at least 30X midterm :) + +Lastly, am not paid to say this and do your own research. + +&#x200B; + +Website: [https://rowket.org/](https://rowket.org/) + +Contract address: 0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9 + +Where to buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9) + +chart : [https://www.livecoinwatch.com/price/Rowket-KET](https://www.livecoinwatch.com/price/Rowket-KET) + +Chart 2: [https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9](https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9) + +&#x200B; + +more links in comments. +Can anyone recommend the cheapest private health insurance to avoid the Medicare levy surcharge? Last financial year I received a bonus which put me just over the 90k threshold so I was stung with the surcharge. This year I’ll get ~98k and next year is looking like ~110k. +Hey I was just wondering about some of the ways people are making passive income, I have invested in stocks but was wondering what other opportunities might be out there +Guten Morgen to this global band of Apes! 👋🦍 + +I apologize for the late start, but thank you all for understanding. + +It is clear that the Institutional Shorts are desperately driving the price downward. With borrow rates still incredibly high, I am wondering if they might have been saving up some ammo in recent weeks to try to sustain this kind of downward pressure. One thing is clear to me: Apes are *not* fatigued, and with the stream of DRS posts I am certain that we continue to lock the float away in ComputerShare. + +Regardless of what they do to the price, the only impact I see is to those who are still throwing money at options plays. GME had quickly gone well above 'max pain', and the SHFs gain the most when the weekly price ends at that level. I have a hunch that much of what we are seeing is intended to help them stay afloat a bit longer by getting back toward maximum profitability on options. + +Will their gambit succeed? Let's see if we can glean any insight! + +Today is Friday, June 10th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$129.69 / 120,72 €** *(volume: 406)* +- 🟩 115 minutes in: $129.66 / 120,69 € *(volume: 381)* +- 🟩 110 minutes in: $129.64 / 120,67 € *(volume: 381)* +- 🟥 105 minutes in: $129.42 / 120,47 € *(volume: 381)* +- 🟩 100 minutes in: $129.54 / 120,58 € *(volume: 379)* +- 🟥 95 minutes in: $129.37 / 120,42 € *(volume: 379)* +- 🟥 90 minutes in: $129.61 / 120,65 € *(volume: 379)* +- 🟥 85 minutes in: $129.67 / 120,70 € *(volume: 379)* +- ⬜ 80 minutes in: $129.73 / 120,75 € *(volume: 350)* +- 🟥 75 minutes in: $129.73 / 120,75 € *(volume: 346)* +- 🟥 70 minutes in: $129.75 / 120,77 € *(volume: 333)* +- 🟩 65 minutes in: $130.09 / 121,09 € *(volume: 300)* +- 🟩 60 minutes in: $129.85 / 120,87 € *(volume: 300)* +- 🟩 55 minutes in: $129.81 / 120,84 € *(volume: 300)* +- 🟥 50 minutes in: $129.79 / 120,81 € *(volume: 288)* +- 🟥 45 minutes in: $130.08 / 121,08 € *(volume: 288)* +- 🟩 40 minutes in: $130.38 / 121,37 € *(volume: 287)* +- 🟩 35 minutes in: $130.13 / 121,13 € *(volume: 265)* +- 🟩 30 minutes in: $129.46 / 120,51 € *(volume: 126)* +- 🟥 25 minutes in: $129.46 / 120,50 € *(volume: 126)* +- ⬜ 20 minutes in: $129.62 / 120,66 € *(volume: 57)* +- 🟩 15 minutes in: $129.62 / 120,66 € *(volume: 57)* +- 🟥 US close price: $128.98 / 120,06 € *($128.00 / 119,15 € 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 1.0743. 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 am 28 years old and bring in about 60K after taxes. I have been saving and saving for a down payment and it seems like I might have missed the "sweet spot" in the market. I am purchasing alone, by the way. + +My goal was to put 20% down on a house (ideally about 300k). I started working with a realtor about 6 months ago and every offer I made was rejected because I was getting beat out by all-cash offers or people offering $15-$30K over asking price. The realtor said I needed to consider dropping my down payment to 10% and throwing that extra money as a higher asking price and I just couldn't stomach that. I might need to get over this mental block if that's just how to market is going to be. + +I'm a first-time buyer and the other buyers around me are waiving inspections like no one's business, willing to adsorb the appraisal (not sure if I'm phrasing that right) and overall I just am not sure how I can compete. + +After this experience, I decided to pump the breaks and save more but the longer I wait, the more housing prices increase. It feels like I'm in a hamster wheel. + +Also, I'm very lucky because I live in a studio on my parent's property and they only charge me $350 a month so there's not a huge pressure to move ASAP--just that I would really like to have my own space. I have been living with them for 3 years as I work on saving. + +Anyone else in a similar position? Thoughts or advice? + +Edit: sorry, I also meant to say that this money is currently in a HYSA which is not bringing in a ton of interest. I'm nervous to put it into stocks in case I need it soon but maybe it's time if this housing market is going to be like this for a while? + +Edit #2: Thank you all for the feedback so far! To answer a few questions I've seen come up: I am in Central California and would like to stay here if possible due to family and a hospital in the Bay Area that specializes in a connective tissue disorder that I have and will continue to need open heart surgeries for. +I do not have any debt. I have $30K in an IRA and an additional $15k set aside for emergencies. + + + +I'm a software engineer at a one of the FANGs. I make 400K/year. I have a steep career trajectory and I can see that number doubling over the next \~six years if I continue to get lucky and do well. + +&#x200B; + +But how do I break 1M/year? Move to quant finance? Do I have to start my own company and get acquihired back into FANG? Do I have to join the next FANG company early on? Start politicking like crazy and try to steepen my trajectory further? Do a bunch of interviews and get all the FANG companies in a bidding war over me? + +&#x200B; + +Or is the only solution to bail on bigco and start my own company? +TL;DR The why as to why you trade is as important as the strategy you use to trade. + +I am new to Forex. However prior to COVID I was a professional card player but when the casinos closed shop I needed to find another source of income. Over the past few months I have been doing a lot of research into different strategies to use however, the one area of information that is rarely ever discussed is the why of why you are doing this. In any setting risk management is a major component to determine success but, what determines your level of risk tolerance is independent of each person's goals. Before I ever sent a dime to a brokerage or opened a demo account I asked myself these questions. + +1.) What is my reason to do this? Determining whether this was something I wanted to do full time, part time, as passive income or as a challenge to beat. + +2.) What is my short term and long term goal with this? Was I looking to make money right away? Was I looking to reinvest? Have a plan as to what you are going to do with your money beforehand and stick to it. + +3.) How much time am I willing to invest into this? Practice makes perfect in any endeavor and to become good at something requires time. + +4.) How much am I willing to lose before I call it quits? Just because you have 20k doesn't mean you have 20k to lose. Knowing when to walk away from a losing session is even more important than basic strategy as it will allow you to come back to the table to try again so to speak. + +Each of these questions lead to more questions until I had a defined plan of action as to how I wanted to move forward. These questions also gave insight as to the style and type of trading strategies I would be looking for as they fit my goals. The strategy I have been using is successful for me because of my style of risk tolerance and risk management but may not work for others. Ken Jennings and James Holzhauer are two of the most successful competitors on Jeopardy. However the strategy each used were different but worked for them. Same applies to professional poker players, athletes and almost any task imaginable. So I see many people asking for strategy advice. The advice I would give is for them to ask themselves not "How should I be trading?" but "Why am I trading?". This is just my two cents. Good luck to you all. +Note: I would preferably like answers from more experienced traders, if you are less-experienced pls state that in your comment. Appreciate it. :) + +I’ve recently learned that the best way to go about placing stop losses is to ‘ Pick your stop loss levels first using S+R, recent highs and lows, MA’s etc. AND then only calculate your position sizing relative to (%) of account balance you wish to risk on that trade AFTER. + +Is this accurate and effective? + +And if so, can you guys pls do a quick elaboration on how you would go about achieving this... by setting stops first and then only calculating position size relative to risk after? + +Thanks! :) +I trade the US session, since the market closes at 4pm EST, I’ve found there’s a lot of volatility the last hour of the US session before it closes, which is 12-1pm for me since I’m on the west coast. + +I have started to notice that I have been doing really well that last hour and not as consistent trading other times. Do you guys trade one hour exclusively if that’s what works for you? I’m not sure if I should just disregard all the other times and just focus on that hour. Let me know what you think +From the age of 18 I started gambling. Worst decision I ever made. I got addicted, spending all my wages in the first few days. As many of you on here have experienced, It’s something that you must stop and go cold turkey completely to get out of. I am now happily 1 year bet free (gamstop is amazing) and trying to recover from the financial hits I took from the silly decisions made. With no real sense of money value, I got myself into a substantial amount of debt for someone of a young age. Now being 21 I am ready to have this paid off forever and I want to learn the basics of personal finance through some solid advice. I was fortunate to be partially bailed out by a close family member, with the promise to pay every single penny back, on the terms I get myself back on track. +I will be completely honest with questions and follow the most solid plan according to you lovely bunch. Let’s get into it shall we? + +_____ + +I am currently in an apprenticeship and get paid on the 22nd of each month with a basic rate of £1176.16 after taxes and pension. I work a second job on top of this taking home at least £120 a week. So this adds up to - £1650 Minimum monthly take home. I also get a bonus of around £500 in March. + +My monthly bills come out on the days after I get paid before the end of the month. + +_____ + +Monthly outgoings: + +£250 to family member / £3500 balance + +£170 Car finance / £9000 balance +Stupid decision buying this car. But I’m stuck with it now and it’s cheap to run. (Zero tax, good on fuel) + +£167 insurance - 8 months remaining +Insurance is high due to an accident with some debris in the road. + +Loan 1 Ikano - £54 / £600 balance (2% interest) + +Loan 2 Halifax - £95 / £2841 / 41 months remaining / £3895 if paid over full term +1 month arrears that I am currently appealing with them due to a payment holiday blip on their side last year. + +CC #1 Barclays - Balance £198 / Limit £200 +“Simple standard rate p.a: 25.78% (29.1% compound equivalent)” + +Phone Bill - £44 monthly +I am aware this can be cheaper and I will look into this promptly. + +Gym - £30 monthly +I’d like to keep this as it is my small escape. + +Fuel - £160-200 monthly +Dependant on different factors. + +Netflix/Prime - £15 monthly + +Rent - £100 monthly + +Klarna - £79 owed for car parts end of November +Car service due end of November - £100 + +_____ + +Experian credit score: 419/999 + +_____ + +I should also mention I have £1600 coming in one go from some overtime in my main job this month. With the £120 weekly from my second job. I really can’t work anymore as my spare time is for studying and coursework! + +I believe that is everything! I am willing to try anything and follow any good plan. + +Please help me, this is in my mind every minute of the day. + +Thank you. + +TL;DR - Gambling debt ruined my teens, want to enjoy my early 20’s debt free. + +Persistent Gamblers if you are seeing this - [Gamstop](gamstop.co.uk) +I noticed my home on Zillow shows sold two years ago for nearly 2x my actual purchase price, I purchased my home 12 years ago. Yes, I checked the assessor's office, my name is still on the deed. Anyone else find a similar circumstance for their home on Zillow solds? Particularly, those of you in NH and AZ, possibly other states as well, would be an interesting sanity check. + +I did some research over my winter break. Found between my county and neighboring county over 50 Zillow sold listings that did not match the county assessor's records: transfer date/sales history. All these particular instances are shown by Zillow to have a more recent sale date and higher sale price than the parcel deed. In my opinion seems to be a deliberate scheme to present to the public an illusion of market activity/demand and set a base price for local market. I contacted my state's consumer protection office. + + Zillow is no longer a disinterested party aggregating data. Zillow joined the National Association of REALTORS in 2021, Zillow has employees on NAR’s Broker Engagement Committee, Leading Edge Committee, Business Issues Committee, Land Use Property Rights and Environment Committee, Fair Housing Policy Committee. Approximately 70% of real estate agents are REALTORS- members of the NAR, Zillow is a stakeholder in nearly every single residential real estate transaction in the USA. + +To clarify concerning my home, I have never refinanced, my mortgage never changed hands. My research focused entirely on ZILLOW SOLD data not Zestimate data. The Zillow Price History section states where the data is sourced, for my home ‘Public Record’ was the source. There is only one public record authority, the deed to the parcel shows the property transfer date and the Declaration of Consideration or Value section of the deed shows the price paid. It is that simple. An online search of your county assessors tax maps can quite often show the recent sales history, if not, a trip to the assessor’s office to look at the parcel deed will confirm the sales date and price. I went to the court house/assessor’s office to confirm the suspected parcel(s) sale price and date during my research. It took considerable time and effort to gather my data. +https://www.wsj.com/articles/bed-bath-beyond-clinches-loan-deal-11661301078?mod=latest_headlines + +375 mil + RC sale proceeds > 500 mil + +I project SP to go close to 20. + +FINRA short interest report coming tomorrow as well:https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest + +Edit: be conservative guys. Watch the SP and volume before you YOLO. Advise of caution, not financial. + +Edit 2: No evidence of certainty that RC's profits are directly going to help with balance sheet. But given the 6 month involvement in BBBY and the fact that BBBY says they'll come out together with an announcement, he is likely investing all if not most of it back into BBBY in some form. + +Edit 3: u/_IMF_ mentioned this, I'll leave it here. (LOTR ref) +Look to my coming on the first light of the fifth day, at dawn look to the east. The battle of Helm's Deep is over; the battle for Middle-earth is about to begin. +I've been working at a Cafe (opened March 2019) for roughly the past year and a bit. The hours have HUGELY fluctuated and they've tossed me around a lot, there were empty promises after empty promises. It was beginning to effect my mental health so I decided to resign effective 5th of July. + +Very recently I got word from an ex-employee that they had not been paid a cent into their super, which then prompted me to check mine. NOTHING had gone in since before I began the job in March/April 2019. I made a rough calculation and figured that they owed me roughly $1500-$2000. I sent my boss a message asking what account the superannuation had been paid into, and he replied the next day with a vague "whatever account you nominated when signing up with us" + +2 days after sending that message to my boss, I checked my account again to see if I'd missed anything, and lo and behold! A large sum of $1400ish was deposited into the account. + +Should I report them to the ATO for late payments? If I didn't bring it up, would they ever have paid me? +Been bitcoin lurking since 2011 and done the good old 'naah, it'll probably crash, no point buying' at every single ATH since. Finally unfudged myself and got in a couple months ago. And what a fun, sexy time it has been! + +Anyway, I also found out that it is a great and reeeally motiving way of quitting smoking. I used to smoke for around 10 euros a day (a pack is quite expensive here). + +So i put it in the magic internet money instead. It really adds up fast: 10 x 7 x 52 = almost 4000 euros a year. + +If the bitcoin rally continues, then great. I could use a couple of years on a yacht sipping pina coladas down the line. If bitcoin crashes and burns horribly, no problem. I'd still be just as poor and a slave to the man, but hopefully cancer free and with way better breath. + +This turned in to a bit of a rant, but keep up the good work and HODL. Love the forum! +Noob here guys, what do you think will happen Monday when the SEC senate hearing about crypto will do to the market? Do you guys think getting into ETH after it would be a wiser choice than getting into it now? + +Much appreciated people! + +I am about 40 years old and managed to save about 100k. My salary is about 80k a year. I pay 2k in rent. + +Anyway it took me almost my entire life but now I think I should buy a house but most reasonable homes are very expensive obviously. That will likely not change anytime soon. + +Anyway should I just keep renting and saving money? Put all my extra income into sp500 index fund? And wait for the cost of housing to drop before buying? + +Thanks + +Edit: Read all the comments guys thank you for helping me +So I’m turning 23 this month and have been fortunate enough to accumulate roughly $100,000 in the stock market. I’m a full time student getting his bachelors so I’m not working and still living at home. I want to pívot those $100,000 from stocks to real estate. I live in Miami and everything is extremely expensive! How would I go about this? It scares me to death to let go of what I have learned built and establish in the markets to make mistakes in RE. But I have always wanted to make a ton of money and I think RE is the way. Rental income to be exact. What are some advice anyone can give me? Thanks. + +Edit: There are some apartments in my area going for $150,000. If I give a down payment of 10% I’d be putting down $15,500 plus closing plus some remodeling. For the sake of this example let’s say I’ll pay $15,000 overall. If I get free cashflow of $300 that’s $3,600 a year free cashflow and on my invested capital it would be 23.22% return a year on free cashflow on the money I put down ($15,000). Not including the principal pay down which based on the math is $490X12=$5,880 of unrealized gains. So overall by me investing $15,500 I get $3,600 in free cashflow and $5,880 principal pay down on the property. A combined $9,480 every year added to my net worth. That would be on $15,500 a return on investment of 61.61% yoy on those $15k. Without counting on the property appreciation. + +I know i know, vacancies and other miscellaneous expenses… it’s alright since I have capital on my side! I still have more money on the sidelines to find another good deal. If everything goes right, would that math be accurate? It seems so good to be true tbh. + +Sorry if I sound ignorant, I’m trying to learn as much as I can. +*It is interesting to listen to non commercial landlords, (they have one or a few rentals) They tell you this "horror" story of their tenant from Hell as if the world is coming to an end. How the tenant cheated them out of hundred of dollars, as if that was a big deal. Multiple unit landlords can't even relate to the passion of these guys. This is as common as paying the power or water bills. People lie, cheat, deceive, threaten to sue, destroy your assets. Don't landlord if that gets to you! We have 98% great tenants' so will you! But the bad ones are pathetic!* + +Feel free and vent! +I'm trying to educate myself a bit before I invest in rental properties. I'm wondering how I would calculate how much to charge for rent? I would assume you want to just look at rent for similar properties in the area but if that information isn't available I'm not sure what I would do. I feel like having a good idea about this would be important for figuring out if I should invest in a property or if I'm better off just sticking my money in an index fund. +TLDR: Why do some believe using leverage to buy investment properties is better than buying all cash? + +Hypothetical: let's say a person has millions and wants to invest in multi family properties. + +I'm my view, paying all cash means more cash flow, less risk when something like COVID happens and you have missed/deferred payments as well as eviction moratoriums. Because you have more cash flow, if there is a significant repair you may not be wiped completely out for the year. You may also be able to get a better deal because of all cash. + +The cons I see is that your money is all tied up into that one property. You'd have to save up for your next purchase for an all cash deal unless you have more millions to buy another property straight out. You also get a lower ROI. + +The other side of that coin is you take out a loan that only requires 20-25% down. You now have more money to go buy more properties. + +Cons are the COVID scenario. You have less cash flow because you have a mortgage. How many properties would you need to buy to get to the cash flow of buying one cash? + +So why is leverage usually considered better? +My employer is letting me go. I was on the cusp of retiring anyway, so while the timing isn’t ideal, it isn’t the end of the world for me, and may actually be a blessing in disguise. I have a 2-year cushion of cash already, so I feel I’m in a fairly good spot to weather this. As part of my severance package, I will be receiving the equivalent of about 8 months pay, plus 1 year of COBRA. I am thinking of increasing my HSA contribution so that I can reach the annual max ($7300 for a family). Does this make sense? Is there anything else I should consider doing? +This might be a little controversial but I feel there are definitely some things you should once you stop living paycheck to paycheck, but before you start paying down debt and before you prioritize your emergency fund. Your exact configuration of how much to save and pay when with how much is super personal, but there are some things you should definitely keep in mind when figuring it out. There are also poverty habits you should break, for your financial as well as overall well being. + +I can only think of a few things, but to get started: + +* If you have a car, and have to have it, start filling the thank. Don't run it until your gas light comes on and then add $5 to get you to work. You're slowing destroying your car that way. Also, get it serviced and change the tires if necessary. A major repair or blow out could completely ruin all the work you've put in, plus it's potentially dangerous. + +* Go to the dentist. An exam, cleaning, and possibly prescription mouthwash/toothpaste is a couple hundred dollars. You'll also find out what you need to get fixed in the future so you can save accordingly. Emergency dental care cost you thousands of dollars. A dentist can do a lot in one visit to help prevent that. + +* Winterize/summerize your house or apartment. Affordable housing and cheap housing is infamous for being in bad shape, and it's going to cost you money. It's fairly cheap to shore up your doors and windows, if a bit time consuming, and the savings can be substantial. How extensive you go is up to you and your budget. Having a cool home in the sweltering heat and a warm one when its below zero is practically priceless, and very beneficial your health, but financially you're likely to get far more out than you put in. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +So, you know how when creating a new seed phrase in a wallet some apps make you reenter the entire seed? + +Yeah, predictive typing remembers your used words and will suggest the second word as soon as you type the first one, especially if it's a word you not commonly use. + +In my case my phone is in a different language than english as well, so it automatically adds typed words to the dictionary, which means my custom dictionary contains words in my language, and 24 english words... + +This makes it easy to attack, get your hands on a phone, start any chat app, and start typing any words off the BIP39 list, and see what the phone suggests. + +Do yourself a solid and prevent that from happening by clearing your predictive type cache. + +**Here's how to do it on Android:** + +https://intoput.com/clear-samsung-keyboard-history/ + +**Here's how to do it on iPhone:** + +https://www.macworld.co.uk/how-to/how-remove-words-from-iphone-predictive-text-3642859/#:~:text=To%20reset%20your%20keyboard%20dictionary,%20head%20into%20your%20iPhone's%20settings,predictive%20words%20from%20showing%20up. + + +//EDIT: People are asking what app made me enter the entire thing. The wallet in question now presents a confirmation in the style of "confirm the 4th and 18th word by choosing from a list". Assuming they didn't update in the meantime, it is likely, I generated a wallet, wrote the seed down, deleted the wallet, and restored it from the written down seed to make sure I wrote it down correctly before transfering funds into it. + +Also, I have played around with this for a bit. I have a Samsung phone with Android 12. This does not work (read: you schould not be vulnerable to it predicting every word in the correct order) if you use Gboard. On Samsung keyboard, it works if you have manually enabled "Auto replace" and "suggest text corrections". On Microsoft Swiftkey keyboard, it works(read: you are vulnerable) out of the box. + +As I explained in a comment below, you can try it yourself. I did it with the phrase "I love eating bicycles at midnight". Open your browser on your phone. Into the search field, enter "I love eating". Note how your phone doesn't suggest "bicycles". Now finish the phrase and hit enter to search for it. Now close your browser, go into say, whatsapp, and start typing "I love" into a chat. Note the next word it suggests. Keep following the phrase to the end. It's fun! +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. +Got $80k sitting on the sidelines just itching to go in, I put $3k into MSFT when it hit 180 and that shit already returned 10%. + +Fuck it, might just start DCAing from today, looks like a good time to start, DCA over 2 months during Q2 earnings period. + +Edit: Btw, this is not a Fomo/bullish post, I still think this shit is due for a correction. This is just wanting to throw money in out of pure fucking boredom, this quarantine is driving people nuts :) +It's that time of year again, MOT time. + +Car is due for it's MOT at the start of April and I'm looking for any tips and advice on how to save as much money as possible. Feels like every year I'm left overpaying for the test and repairs since I'm just not clued up enough on the process and cars in general, time to change that. + +I don't mind taking the time and risk to learn things myself if it can save some money, changing a bulb for example. What other checks and servicing can I be learning and doing myself? + +How can I avoid being ripped off or failing the test for silly things, I read that the car being too dirty can be a fail for example. Googling around suggests using a council based MOT center as they have no incentive to find faults, does anyone have any experience with this? + +It's a 2009 Vauxhall Corsa, around 38,000 miles. There are no apparent problems but with a car of that age I guess you can't be sure. I'd value it around £2000. + +I probably could have posted this at r/CarTalkUK but my goal is really to save as much money as I can and I value the quality of advice given here. + +Thanks again, any input is appreciated! +https://www.bbc.co.uk/news/business-54986071 + +> House prices in the South West of England have risen fastest in the UK in the last year amid a Covid-related rethink by many homeowners. + +>House prices rose by 6.4% in the year to the end of September, compared with a UK average rise of 4.7%, the Office for National Statistics (ONS) said. + +>Land Registry data also shows that detached homes saw the biggest annual price rises in the UK. + +>The pandemic has led some people to move to more rural locations. + +>There was also some pent-up demand during the first national lockdown among those looking to relocate, which was released in the late summer and reflected in these newly-published ONS and Land Registry figures. + +>However, this has tended to focus on the upper-end of the property market, as some people working from home have looked to buy properties with more space, both inside and outside. + +>Detached homes rose in price by 6.7% in a year. +It's a rough week in the market right? + +It doesn't have to be. If it is for you, this recent market trend is a necessary lesson in how to improve your investment strategy. + +I'm far from a perfect investor, but my wins have consistently exceed my losses and I have grown my portfolio from $25k to over $325k over the last 5 years. I invest almost exclusively in penny stocks and generally hold between 5 and 10 positions at a time. As of today my portfolio is down 30% from last week Monday, and I'm typing this at my favorite coffee shop, sipping a caramel latte smiling as I reflect on how my mindset has changed over the years, and the wonderful freedom I have from day to day price action. + +**I hope my convictions will help you navigate this turbulence in the market as they have for me.** + +&#x200B; + +* **That company you thought was a good buy last week, that's down 35% right now, is the exact same company as it was last week.** When you have strong convictions about purchasing stock in a company, the short term price action should not change your outlook on the company. By making an investment you are making the determination that the market is **WRONG** in their assessment of fair value of a stock, why should a drop like this week surprise you when you already know the market is wrong? If there is additional news or information that has an impact on the price, this additional information may change your outlook on the company, but you **must** make sure to differentiate between day to day price action and additional information. +* **Plan to be wrong.** What will you do when the market is up, but your 'retire on a beach' stock pick is bleeding 5% day after day? I don't have an answer for you, but you need to assume that every position you take is a bad investment and have a plan to exit. The bane of most investors is holding the losers too long and selling the winners to early. Have a plan, and stick to it. Assuming normal market condition, I will bail out at -20% and continue to evaluate for a reentry point. Weeks like this I don't even think about selling. +* **Always have some cash on hand.** I like to keep 5-10% of my portfolio in cash at all times to take advantage of weeks like this, or opportunistic entry points in existing positions that allow me to average down. After investing my cash, I will rebalance my portfolio to rebuild my cash position by selling a small portion of most other positions. +* **Never look back.** There is a big difference between learning from your mistakes, and letting them affect your current decisions in a negative way. I recently missed out on a big runner, and although it was a rough day thinking about the money I left on the table. The cost of future earnings is todays losses. Learn from your mistakes, adjust your strategy, and consider your losing trades as the cost of tuition that you gladly pay to better profit from the future winner. +* **Write down your strategy.** When you're looking at a day, week, month of red, your mind will start playing tricks on you. Have your entry, exit and convictions WRITTEN DOWN so you don't have to think about them during the stressful times. Do not make hasty decisions, hasty decisions are nearly always the wrong decision. +* **Smile.** This is the toughest one of all, but gets much easier when you accept the fact that it could all go away tomorrow. Managing your own emotions is impossible when you are losing rent, tuition, your car payment or your home equity line of credit. If you're investing money you can't afford to lose, you need to stop investing and seek help. You're gambling, not investing. Be honest with yourself and get help. [https://www.sumhlc.org/resources/problem-gambling-hotline/national-gambling-addiction-hotlines-and-additional-resources/](https://www.sumhlc.org/resources/problem-gambling-hotline/national-gambling-addiction-hotlines-and-additional-resources/) + +&#x200B; + +I wish you all the best in this journey, please share your convictions in the comments so I can learn from you too! + +BT +I've seen a lot of people using some really rude language against the creators of MyEtherWallet due to some failures to send ETH during a recent crowdsale and it's really not on. + +MyEtherWallet is a web wallet that opens up Ethereum to people without having to download any software, 99% of the time it works very well and a lot of work has gone into it. + +I don't think anyone ever said that it's going to work 100% when hundreds of people are hammering it at the same time. The key here isn't really the amount of people, it's the spike. Obviously this web wallet isn't able to handle a spike of perhaps several orders of magnitude in usage. + +I really do not think it was ever designed or advertised that it could. + +I've participated in a few ICO's now and one thing that I have learnt is that having a full node is vital for this type of transaction. The same thing applies everywhere, on Christmas day VISA can crash, chill out. + +Please don't use web wallets for crowdsales that require a high performance connection. MyEtherWallet provides a fantastic service for the Ethereum community. +Hello everyone, new to the sub, my friend suggested I post this here. + +At the beginning of the pandemic my hours were severely reduced, so I got on under-employment. They sent me a small check every week. About a year ago, they said I owe them upwards of ten grand. I've filed multiple appeals to this claim. I sent them all my W-2s and paystubs to prove I was working. + + The first appeal was denied. I filed a second. I didn't hear back for months, so I called them. I asked if they needed anymore documents, or any more information. The woman on the phone told me they had all the documents and information they needed to push my appeal through. She told me not to worry and that she would have this solved. + +Fast forward a few months later, I get a letter in the mail on 7/28/2022 that says I will have to pay the ten grand unless I appeal by August first. Which is only 3 days after getting the mail. And they are also closed on weekends so I effectively have ONE day to solve this. Today. + +In the mail they sent me they specifically said I didn't provide enough documentation to prove I was working. But when I spoke on the phone to them, they said they have all the documents they need, and I don't need to send any more. I even asked if she was sure I didn't need to send anything else. She again told me she had everything they need, and not to worry. + +I should also mention 3 of my co-workers that work the same hours filed for under-employment as well. They were all told they had to pay at first as well, but all their appeals went through so they don't have to pay. + +I will be filing my third appeal to this, and calling them again when I get home from this interview. Does anyone have any advice or how I can get this appeal through? I've sent them all my w-2s and paystubs, and I've fought to appeal this multiple times. I just don't know what I'm doing wrong. + +I've been dealing with the madness of Michigan UIA for two years now and I feel like my head is going to explode. I would've NEVER accepted this under-employment money if I knew I'd be paying it all back with interest.. + +I really can't lose this ten grand. It's **everything** I have. + +Any help would be appreciated more than words can express. If I lose this ten grand I'm royally screwed. + + +TLDR: Received Underemployment at start of pandemic. Now they want it all back plus interest. They say they lack documents showing my proof of work, even though I've sent them all the documents they need. My co-workers appeals all went through easily, but mine gets denied repeatedly even though we work the same hours at the same job. What am I doing wrong here? +https://www.reuters.com/article/us-unitedairlines-stock-offering/united-airlines-sells-1-billion-of-stock-in-fresh-move-to-weather-pandemic-idUSKCN22337A + +>(Reuters) - United Airlines Holdings Inc (UAL.O) on Tuesday announced a public offering to raise more than $1 billion, the first major airline to sell equity to help it survive a sharp travel downturn in the coronavirus pandemic. + +>The offer of 39.25 million shares, underwritten by Morgan Stanley and Barclays, was priced at $26.50 per share, United said in a statement, a discount of 4.9% on Tuesday’s close. +I've been renting for the past five years. I'm finally in a position where I feel like I want to stay at my current job for the next 2-3 years. Based on this I decided I wanted to stop renting and buy a house.. + +I live in a mid size midwestern city who's housing market has exploded in the past two years. Prices for a 75 year old house, 2-3 bed, 1-2 bath are ~300k. It's a city that's been growing and will continue to grow. Like a lot of places it's supply constricted. Almost all new construction is apartments. I don't expect housing prices to crash but I don't expect them to grow at 30% a year anymore. + +I have no debt. I've got 70k in my savings account and another 40k still on the market. I make ~100k. My current rent is 14k a year. + +Is it a better idea to put my cash back into the market now or continue on the path to purchase a house? +Hi again! + +Original post [here](https://www.reddit.com/r/FinancialPlanning/comments/ciqf3o/first_job_should_i_max_out_my_401k/?utm_source=share&utm_medium=ios_app) + +So I found out that my employers have a vestment period of five years to reach 100% match and I have to work a minimum of two years at least for them to match 20% (Before that they match nothing). + +What should I do? Should I still invest in my 401(k), or seek other forms of savings? +I graduated last year and realized the reason I still have no job is due to my introverted nature and poor communication skills. Perhaps someone could even relate? I want to develop this skill in any way possible and would appreciate some advice. +**TLDR:** Trying to find out if there's a point to me going in debt to get a degree in Computer Science if companies likely won't hire me due to my criminal record and lack of experience at 25, and the fact that my criminal record shows mental health issues as described in the 2nd paragraph below this one. + +I've been in and out of the psychiatric system in BC since 17 when I tried to hang myself. Recently I had to escape BC and went to Ontario because I was being forced to be injected with antipsychotics there after being misdiagnosed as bipolar and it was negatively affecting my quality of life, athleticism, mental cognition, and etc. I've been seeing an endocrinologist here in Ontario for treatment for hyperprolactinemia, hypothyroidism, and hypogonadism, and am now almost ready to work. [This](https://www.cbc.ca/radio/the180/facts-vs-values-in-canadian-health-care-forced-psychiatric-care-and-urban-indigenous-people-need-a-voice-1.3764173/a-psychiatric-refugee-why-one-woman-fled-b-c-s-mental-health-laws-1.3764440) CBC article talks about a woman who fled from BC to escape its mental health laws like I did, and that article and [this](https://clasbc.net/charter-challenge-of-forced-psychiatric-treatment-filed-in-bc-supreme-court/) one talk about how "BC is the only jurisdiction in Canada that still uses a ‘deemed consent’ model" and "people who are involuntarily detained under BC’s Mental Health Act – or released from hospital on leave – currently have no right to give or refuse consent to any psychiatric treatment. They are legally ‘deemed’ to consent to all psychiatric treatment and can be forcibly administered medications and electroconvulsive therapy, even when they are mentally capable of making their own treatment decisions". + +Because I ran away from BC, I now have a provincial warrant for my arrest there and am living in an Ontario shelter. The Ontario police told me they evaluated my case and are not gonna extradite me to BC luckily. But the problem is that this warrant for my arrest will probably stay on my criminal record, and most office jobs typically background check. Furthermore, I've been to jail 3 times for assault, stupid bar fights and one incident where I punched a bus driver for yelling at my then-girlfriend. I also have no significant work history (only 6 months at a fast food chain and 2 months in another) because of being in and out of the psychiatric system. + +You guys can judge me as being crazy or being a piece of shit for my past actions, but surely everyone here can agree that a 25 year old should not be doomed for the rest of life because of mistakes he made in his youth. I got good grades in high school and want to get a degree in Computer Science and turn my life around, but because of my past criminal record along with the new BC Mental Health Act warrant for my arrest, as well as the fact that my work history on my resume is essentially empty even though I should have 7-9 years of experience by now at 25, I feel like I'm doomed to failure before I even start as no one would hire me after I got my CS degree. Can anyone please give me a gameplan or an outline of what to do? I really don't wanna resort to a life of crime but I also don't wanna spend tens of thousands of dollars on a degree if no one is gonna hire me after I graduate due to background checks. I just want a normal life and to work a normal office job in tech. +Guten Tag to this global band of Apes! 👋🦍 + +Today marks one year since they disabled the Buy button - a move that highlighted the corruption of the US financial system for all to see, and lit the fires that forged our Diamantenhände and have fueled this movement since. Many of us were already deep into the GME movement, and were ready to reap a hefty profit when prices reached $1000 / share. They were already over-exposed on GME at that point in time, but didn't want to accept the loss when they could leverage their special privileges as Wall Street insiders to screw over retail investors. They couldn't admit defeat and move on. + +Since that day one year ago, Apes have created this movement that will leave a mark on the financial world forevermore. Many of us have learned huge amounts about how the markets operate, and collectively have developed some incredible DD on the methods these Institutional Shorts use against the markets in the name of profit. Many of us have increased our GME positions by factors of 100x or more, with a huge number of those shares being whisked out of the DTCC vaults to safety at ComputerShare. The simple 'loss' that these institutions were unwilling to take a year ago are now such high stakes that they will not survive when the house of cards comes down. They fight for their life each day, because that is what is at stake now. + +When I joined this movement, I was in it for personal profit. I liked the energy of it all, but I still liked the idea of some quick money and a story to tell. I grabbed a few dozen shares on the way up and watched in disbelief as they turned off the Buy button and squashed the momentum. Nevertheless, I held. Something felt incomplete. I continued to buy all the way down to $40. + +That is when I *committed myself* to this movement. Started consuming every bit of DD, trying to piece together a clearer picture of what was real and what was 'hopium'. I began to truly believe that this was a once-in-a-lifetime opportunity, and pivoted a large portion of my investments into GME. I met other Diamantenhänded Apes through this daily thread, and realized that this unique community had what it would take to see this through. The energy through the end of February and into March washed away any doubt. GameStop *perfectly* leveraged the opportunity to sell shares and bankroll their transformation. u/DeepFuckingValue inspired us all with his double-down, and we've weathered countless FUD attacks and plenty of mod drama. + +But here we are, one year later, still HODLing, but with Diamantenhände that are stronger than ever before. The institutional shorts are barely scraping by, selling their longest investments and even portions of their own companies just to stay afloat. They know that they cannot shake us, and they will not survive, but they haven't yet fallen. Each purple circle is another cut among thousands, and eventually they will falter. They will wish they never turned off the Buy button. + +Today is Friday, January 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: **$95.12 / 85,23 €** *(volume: 2510)* +- 🟩 115 minutes in: $94.95 / 85,08 € *(volume: 2452)* +- 🟥 110 minutes in: $94.94 / 85,07 € *(volume: 2415)* +- 🟩 105 minutes in: $94.95 / 85,09 € *(volume: 2338)* +- 🟩 100 minutes in: $94.78 / 84,93 € *(volume: 2308)* +- 🟥 95 minutes in: $94.67 / 84,83 € *(volume: 2226)* +- 🟩 90 minutes in: $94.71 / 84,87 € *(volume: 2115)* +- 🟥 85 minutes in: $94.66 / 84,83 € *(volume: 1903)* +- 🟥 80 minutes in: $94.81 / 84,95 € *(volume: 1892)* +- 🟥 75 minutes in: $95.04 / 85,16 € *(volume: 1832)* +- 🟥 70 minutes in: $95.18 / 85,28 € *(volume: 1803)* +- 🟩 65 minutes in: $95.26 / 85,36 € *(volume: 1754)* +- 🟥 60 minutes in: $95.13 / 85,24 € *(volume: 1699)* +- 🟩 55 minutes in: $95.34 / 85,43 € *(volume: 1602)* +- 🟩 50 minutes in: $95.20 / 85,31 € *(volume: 1494)* +- 🟥 45 minutes in: $95.16 / 85,27 € *(volume: 1459)* +- 🟩 40 minutes in: $95.17 / 85,28 € *(volume: 1390)* +- 🟥 35 minutes in: $95.13 / 85,24 € *(volume: 1382)* +- 🟩 30 minutes in: $95.20 / 85,31 € *(volume: 1336)* +- 🟥 25 minutes in: $95.12 / 85,24 € *(volume: 1286)* +- 🟩 20 minutes in: $95.61 / 85,67 € *(volume: 999)* +- 🟥 15 minutes in: $95.59 / 85,66 € *(volume: 846)* +- 🟩 10 minutes in: $96.04 / 86,06 € *(volume: 588)* +- 🟩 5 minutes in: $95.96 / 85,98 € *(volume: 448)* +- 🟩 0 minutes in: $95.51 / 85,58 € *(volume: 215)* +- 🟥 US close price: $93.52 / 83,80 € *($95.35 / 85,44 € 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 1.116. 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! +Elimination of Long-Term Debt Further Strengthens Company’s Balance Sheet and Supports Transformation + +GRAPEVINE, Texas, May 03, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that on April 30, 2021 it completed its voluntary early redemption of $216.4 million in principal amount of its 10.0% Senior Notes due 2023. This voluntary early redemption covered the entire amount of the outstanding 10% Senior Notes, which represented all of the Company’s long-term debt. + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-completes-voluntary-early-redemption-senior-notes +I've purchased mostly weed stocks and ETFs about 3 months ago. They went up and now down but I only see things getting cheaper and a great entry point for a complete newbie to make serious educated and most importantly long term financial decisions.. I've also been contributing to a retirement account through mutual funds for 5 years or so. + +Would it be a good time to transfer that as well as a larger and continual amount to build during these red days ahead? + +It is it just a normal drop in the market with corrections coming soon? + +I know Time in beats timing etc but I want to go heavy and reap some rewards in 10 years time maybe retire earlier if I get lucky. + +Any recommendations or opinions of those value priced long term stocks to keep an eye out for and do more DD? +I got the money by getting lucky with a business I started 3 years ago. I'm thinking about playing the dividend game, so I will have a steady income? + +Sorry guys i'm a complete noob to this. + +**Edit:** Just woke up, and taking it all in :) any books worth reading? +With our precious stonk being banned from discussion in the gambling subreddit, the media has been forced into something they did not see coming. It’s something very obvious to us, but now it’s somewhat proven. + +Since GME is no longer able to be discussed there, whenever the MSM discusses “The Reddit Crowd” they’ll be admitting to getting that information directly from Superstonk (even if they dont mention us). This also means that when new people head to that sub, they’ll realize they cant discuss GME there and may end up being funneled here. New apes shall continue coming over time. + +TL;DR: Buy, DRS, Shop at Gamestop + +Edit: Thanks for the awards yall! +Edit: /u/JMZn5Y9tEqjXARxW and /u/IbarraReddit have looked int Bloomberg terminal but could not find this info. /u/JMZn5Y9tEqjXARxW then wrote to NYSE and found that this data is $500/m (academic pricing). + +&#x200B; + +**\*\*Note: The file referenced is from Dec 1, 2020 (13 months ago). It may have changed, and a subscription to this data can verify who is the current Designated Market Maker.** + +When /u/dlauer made [this post that stated Shitadel is GameStop's Designated Market Maker](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/) (DMM) on the New York Stock Exchange (NYSE), I wanted to find out where the data comes from. Recently inspired by /u/portersdad post [asking about DMM data](https://www.reddit.com/r/Superstonk/comments/sgaacz/how_would_we_know_if_citadel_was_no_longer_the/huuxzlg/) I set out to find the data source. + +After some digging, I finally found that the info is in one of NYSE's proprietary data feed called the [NYSE Group Security Master](https://www.nyse.com/market-data/reference/nyse-group-security-master). It is a collection of files delivered daily that contain various attributes of NYSE listed securities. + +# Layout + +The [data specification](https://www.nyse.com/publicdocs/nyse/data/NYSE_Group_Security_Master_Specification_Document_v4.0.4.pdf) for the NYSE Group Security Master shows there are 8 files in the dataset, but the one type of file that has DMM data is the **NYSE Group Equity Security Master**: + +[Cropped to the interesting fields](https://preview.redd.it/ajir2i1ijwe81.png?width=1226&format=png&auto=webp&s=8ef59908c66612a38034ff3cca2b7fa85fb4d228) + +# And GameStop? + +I was about to place an order to start receiving this file, but I discovered that the [details page for the data](https://www.nyse.com/market-data/reference/nyse-group-security-master) showed sample files + +[Screenshot of the FTP Source](https://preview.redd.it/hujtqi18ywe81.png?width=1684&format=png&auto=webp&s=0a0b86b359b34d5391a2a6f44a00b7cdddb2b794) + +They were taken in Dec of 2020 (13 months ago) so they are a little stale, but it saves me money and verified what I was looking for. + +The sample [Equity Text File](https://ftp.nyse.com/Reference%20Data%20Samples/NYSE%20GROUP%20SECURITY%20MASTER/NYSEGROUP_US_REF_SECURITYMASTER_EQUITY_4.0_20201201.txt) \- a whopping 8.5MB text file - is smaller than the [Equity XML File](https://ftp.nyse.com/Reference%20Data%20Samples/NYSE%20GROUP%20SECURITY%20MASTER/NYSEGROUP_US_REF_SECURITYMASTER_EQUITY_4.0_20201201.xml) at 52.5MB. The XML file shows the data in an easier to read format: + +[Remember, this is from Dec 2020](https://preview.redd.it/dla4hg3dqwe81.png?width=964&format=png&auto=webp&s=80802a82b833479a4104df2f0f1634b15a487e35) + +# Current Data + +It's possible to subscribe to this data feed to get up-to-date info, but the sample files answered what I set out to find - a proven way to find out GME's DMM. + +I found that the data is available to professional traders via Quote Media's Quotestream (see [this](https://support.quotemedia.com/support/solutions/articles/13000070326-nyse-post-panel-dmm-data) Knowledge Base Article), but I have yet to find information on Bloomberg Terminal. Hopefully someone with access can poke around. + +&#x200B; + +What is a Designated Market Maker? Here's a shot of [Investopedia's definition](https://www.investopedia.com/terms/d/designated-market-maker-dmm.asp): + +https://preview.redd.it/srf6716cswe81.png?width=1344&format=png&auto=webp&s=c6d20261ca4c0a413451e8a6f310c9ae0c46d704 +Have you ever been out there doing some other activity or just observing life and seen some vivid correlation of how they connect to the world of trading. How has this realisation helped you psychologically when you're behind your trading desk. + +I would say Trading is like being an Elite Sniper in the military (from observing movies and documentaries). Normally, a very well trained sniper should have an unwavering patience, heightened awareness of the target field (in this case your watchlist), and most importantly the ability to sustain long periods of high real time environmental and psychological stress (poor market conditions, drawdowns...) while still remaining composed. + +I also believe a sniper would not shoot at anything that moves even if it was the enemy (Not an important enemy), as he or she would have been given strict objectives( a well formulated trading plan with an edge) to follow. + +So what do you think guys? What are your correlations and how has this improved your trading and life in general? Please share. +For brevity: + +* Expenses are very low, \~50k a year projected +* Work in finance and make \~1m-2m a year. Pay has steadily gone up over the years as my desk has done better and better each year. I expect similar comp next year. +* My plan was to FIRE last year but I convinced myself to do "one more year". I have a big bucket list (100+) of goals and experiences I want to take on in FIRE life - some of these would be better pursued while I'm still young and fit. I've told myself that I may be romanticizing a lot of these goals and experiences, but the allure is very difficult to resist as I am really feeling checked out at work. +* I expect that if I were to re-enter the industry after a few years, I would probably start again at 200k-400k. No real data for this, just a hunch. +* I do plan to have a family some day, but I don't plan to send my kids to private school or save for their college tuition (and we don't have to get into a debate about this particular point since it will likely reduce to a clash of values and child-rearing ideology) +* I expect that I will work in the future, likely in an entrepreneurial capacity, and part of my NW (a few hundred grand) is set aside for this purpose. I do plan to scale in very carefully, but I wonder if I've allocated enough of a bankroll to have a shot at success (statistically speaking). + +I think my main questions are: + +1. I know I'm in a classic golden handcuffs situation, but I feel that the ratio of comp to NW that I am dealing with is particularly high. Simply looking at those numbers, it seems like any sane person would say "Just work another year so that you can increase your NW by another 25%-33%", and it seems completely reasonable to agree. Am I crazy to say that I'm burned out and to turn my back on this? Am I simply being emotional and impulsive in wanting to pursue my bucket list of things now? +2. Any nice blogs/articles/posts that I should be reading that might shed some light on the aftermath of similar decisions? +3. Any other random advice? Things I should be considering? Other ways to look at the situation? + +Thanks in advance. + +&#x200B; +What are some dividend stocks you are holding ? And how much are you making from them ? I’m not new but still learning . I got a free Sirius xm radio stock from robinhood and didn’t even realize it was a dividend . Now I’m trying to get some more of them . +[Why Mortgage REITs are plunging Friday](https://www.google.com/amp/s/www.fool.com/amp/investing/2020/04/03/heres-why-mortgage-reits-are-plunging-on-friday.aspx) + +Despite three day market rally last week REIT stocks are at their lowest ever. For some companies margin calls aren’t being met and for most dividends are being cut or stopped altogether. + +With this in mind this could either be one of the best long opportunities in the post coronavirus market or one of the first industries to collapse. + +Sentiment among investors on the potential of these stocks is most likely shifting even now but why do REIT stocks maintain such a positive forecast? +I want to clarify a few things to some newer members. You have taken a few jokes we make seriously and it will cause you to lose money. + +First, FOMO is an extremely bad reason to buy a stock or options. If you have to every ask “is it too late?” It is too late. Don’t ever buy a stock after it has rocketed up to ATH. + +This was a very very standard but of advice until GME made it’s crazy run. Now it seems like the norm. It’s not. It never was, and it never will be. GME is a once in a lifetime run. You will very likely never see another one. + +Second, diamond hands. Pretty much the same story. Diamond hands was seen as a very very stupid thing to do. Anytime you nailed even a 2 bagger we would always always tell you to sell it all, or at the very least sell half to secure some profit and hold the other half as a gamble. + +Another note on diamond hands. If you are not familiar with organized pump and dump groups please read up on them. They create runs on a stock, then convince other people to buy it while they sell off securing profits. + +The 3 biggest ways to spot a pump and dump is 1 fomo, and 2 they tell you have diamond hands. (Prior to diamond hands they would say “it might dip, but that’s expected! Don’t sell it will go up!” Lastly they will always sell it as a sure thing. No stock is ever a sure thing. + +New people that witnessed GME are making these pump and dumps extremely easy to pull off. + + +My last bit of advice, bag holding isn’t a sound strategy. Holding a stock because you are down on it and only because you are down on it is stupid. Plain and simple. + +Only ever hold on to a stock if you really think it’s going to go up. (With good reason.) you can sell, take what money is left and buy something else that will return a better profit. When you lose, ask yourself, if I didn’t own this stock right now, would I buy it at its current price having seen it drop? If the answer is yes, then hold it, if the answer is I would cum in my pants for a chance to buy in at this price having no losses! Then double the fuck down and buy more. + +I have been on wsb for almost 10 years. I learned to trade here. I don’t have a job and trade full time for my income. There are some very very smart people here, it is up to you to find those people and learn from them while ignoring or laughing at the retards losing money for the memes. + +Lastly, inverse wsb is a very legit strategy, think about that. Doing the exact opposite of the front page of wsb has good returns. (fscomeau, I’ll miss you, you glorious bastard.) + + +Edit: someone rightfully pointed out that the inverse wsb strategy has gotten its ass royally handed to it in the last 8 months. So maybe I’m that old guy that is struggling to keep up with change. +I saw a post from yesterday where an 8 figure NW person was saying their NW was down some 30% from where they were last year, though they had a pretty diversified holdings. Are others experiencing that? + +We are still nearly up 10% in total assets excluding the $250k we contributed which is sitting in cash. + +SP500 was $8m now $8m. + +BX was $1.5m now $2m + +Vacation properties held clear $4.8m now $6m + +PV of SERP was $3.9m now $4m + +Cash was $0, now $250k + +Total Last year: $18.2m, today $20.2m. + +&#x200B; + +It seems like unless you were concentrated in tech, the chances of being below last year are pretty slim. +Hello RE community, + +I'd like to share with you a long, but motivational journey of me getting into real estate. Let me know if you have any questions below and I'll do my best to answer them. + +I started off investing into a quadplex around July 2017 and got an FHA loan to purchase it. The terms were roughly 3.5% interest rate on a 30 year fixed loan. Now here's the kicker, I did the number crunching in my head and on a computer to confirm and I found that without the mortgage this home was producing as much money as my day job. This was an eye opening moment that made me both upset and happy. Upset that I had essentially replaced myself with a home that consumes very little yet produced so much that it left me with a profit. I was happy because I realized the more I invested in RE, then I could essentially retire super early if I found more deals like my home. + +Before I go further I need to let people know that there are downsides to investing in RE and that includes but is not limited to: dealing with tenants, stuff breaking down,etc. However the upsides far outweigh the downsides and this is obviously money, building equity, etc. You will have to learn to fix things on your own to reduce cost and this is super important if you actually want to come out ahead in real estate. + +Once I got my quadplex I got serious and began studying real estate with books and the internet (biggerpockets). It all provided great information but it's easier when you have someone to communicate and bounce your thoughts and so I stumbled to reddit. (Prior to this I hadn't used reddit so much.) + +So here's where my main problem came and I'm sure a lot of people have struggled with this part. I had maxed out my loans since I only had one job and I wasn't making much (~30k) so when I found another investment opportunity I wasn't able to get another loan. I explained to my loan officer that I had rental money income but was rejected since it takes 2 years for that rental money to count. This was repeated in several big banks and credit unions so the barrier had been set up there. + +Solution? +1) I could find investors to help me invest in more properties. +-Problem is I wasn't too experienced and I honestly don't know a lot of people who are willing to depart with $xK amount of money to a stranger they haven't heard before. +-Even if I could find investors I don't like sharing the profit. More investors = less profit since everyone is grabbing a slice. + +2) Wait the 2 years to get another loan. +-Impatient and opportunities are being lost. + +3) Negotiation. + +NEGOTIATION + +This is where GringoGrande comes in. While exploring and checking out other post I would find post that were informative and provided a solution to my dilemma and I noticed that it was commonly written by GringoGrande. I figured why not DM the person? Worst they can say is no or ignore me. So I get in touch with GG and I share my dilemma with him, I tell him I lack capital and no one is willing to finance me. GG tells me have you tried seller financing? I had heard about it but I had strong doubts since I couldn't imagine the scenario where I could discuss this with the seller. But I had no other recourse and so I began sharpening my communication skills such as: Why are you selling, listening to their problem, and providing a solution where we could both benefit. + +In my area I immediately found opportunities where the seller was willing to finance (Not every deal is a good deal, I simply asked around to develop the courage to get around the subject). At the time I was still building capital but my parents had the money and wanted my help in obtaining an investment opportunity. Using all the knowledge and experience I developed I agreed and we began researching the finest quality of RE for investing. After creating a list I began to individually ask for seller financing to these properties and I was finding no luck. The problem was that most of these were owned by companies and the agents would constantly get in my way telling me that the seller wasn't interested in talking etc. We had given up but I decided to push once more, this time however I was aiming for the best RE and I would find a way to contact the seller directly (It was owned by a company). It took a few days but I eventually got in touch with the owner and we shared some information about the property and my situation. We found we could solve each other's problems and moved forward with the deal. + +It was a rough patch but I had help from GG throughout the way both directly and indirectly. Here's how: + +1) Talk to the seller since it's the sellers that will be the ones to make/break a deal. +2) Develop your communication skills because it helps you see where you're standing in a negotiation and lets you know what the problem is and what you can do to solve it. +3) Be brave/bold: ask the seller if they are willing to help you in your dilemma (financing), you won't know unless you ask. +3) My personal advice: Have capital with you (Based on your area, for me this is 10k) , although it's possible to get a deal with little to no money down this is impossible based on my small exposure. I have heard differently from GringoGrande and I'd like to find those kind of deals eventually but until I can I will always have some money just to be sure. +4) Second personal advice: Besides the down payment capital, have some extra capital for repairs or when problems arise that are out of your control. + +Today I am more confident and my drive to find more deals is stronger than ever. I'm in this for the long term and life could not be any better. I have the people like GG and Joshua to thank for listening to my questions and providing information to help me move forward in my RE ventures. I hope this helps you find the motivation or the information you need to take the next step in your goal with RE! +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) +I'm reading his book Principles and thought he articulated well a concept that is often discussed in this sub. In our case, it translates to the importance of setting goals after FI. + +"In my early years, I looked up to extraordinarily successful people, thinking that they were successful because they were extraordinary. + +After I got to know such people personally, I realized that all of them - like me, like everyone - make mistakes, struggle with their weaknesses, and don't feel that they are particularly special or great. + +They are no happier than the rest of us, and they struggle just as much or more than average folks. Even after they surpass their wildest dreams, they still experience more struggle than glory. This has certainly been true for me. While I surpassed my wildest dreams decades ago, I am still struggling today. In time, I realized that the satisfaction of success doesn't come from achieving your goals, but from struggling well. + +To understand what I mean, imagine your greatest goal, whatever it is making a ton of money, winning an Academy Award, running a great organization, being great at a sport. Now imagine instantaneously achieving it. You'd be happy at first, but not for long. You would soon find yourself needing something else to struggle for. Just look at people who attain their dreams early - the child star, the lottery winner, the professional athlete who peaks early. They typically don't end up happy unless they get excited about something else bigger and better to struggle for. + +Since life brings both ups and downs, struggling well doesn't just make your ups better; it makes your downs less bad. I'm still struggling and I will until I die, because even if I try to avoid the struggles, they will find me." + +[Line breaks added for readability] +I’m currently working as a Software Development intern for a startup. My boss (CTO) said that if I dropped out of school next semester, they could offer me a full time job making 80k salary + equity (I make $20/hr currently with about 20 hours a week). I would still keep my current job if I didn’t drop out and go full time. + +I’m currently a junior in school, and have scholarships to bring tuition down to a little bit under what in-state tuition would be (I pay out of state). I could potentially differ my scholarships, though I’m not sure how worth it that would be (or if I could even do it). + +Does anyone have any experience doing this? Did you have issues getting a job or getting more compensation because you didn’t have a full degree? Any help or thoughts would be greatly appreciated! + +Edit 1: A lot of people have suggested going to school for 1 or 2 classes, and just take the job. I would do it, except my scholarships (20k a year) require me to be full-time, so I would end up paying a lot more for just the 1 or 2 classes than I would be paying as a full-time student. My tuition is 25k a year before my scholarships, just for reference. + +Edit 2: I think I’m going to stay in school (like a lot of people have suggested). I want to have more options than this, I’m not sure I could get myself to go back to school, and I’m not sure I want to take the risk that I’m out of a job and my scholarships in 3 months if the company goes under. + All charts were taken from Kraken's OTC Daily email. + +&#x200B; + + “*All models are wrong, but some are useful.*” +\- George E. P. Box + +&#x200B; + +### Ethereum's Logarithmic Regression Rainbow + +https://preview.redd.it/x4r1zzhqtdy61.png?width=3284&format=png&auto=webp&s=3d647eaba0b53ef1e3d84a2cfe65709fe66e033f + + +**How To Read This Chart:** + +* Using ETH’s historical price action, we can plot logarithmic regression trendlines that coincide with historical levels of support and resistance. +* These lines can be useful for navigating bull and bear market cycles, as well as for identifying critical levels of support and resistance. +* Do note that with each day that passes, ETH's logarithmic regression rainbow trends higher. This means the longer ETH can continue to trend higher to the next subsequent regression trendline, potentially the higher the market cycle top. + +**What You Should Know:** + +* At a current price of $3,986, ETH currently resides between Band 5 ($5,280) and Band 6 ($2,832). +* Based on these regression lines, ETH's next big test of resistance is currently $5,280 while support resides around $2,832. +* A move up to Band 8, which coincides with ETH’s previous market cycle top, would imply a $16,020 Ether and a +301.8% return from current price. + +### Bitcoin's +1 Yr. HODL Wave + +https://preview.redd.it/wcr1dxtttdy61.png?width=3524&format=png&auto=webp&s=f4b2ed9176e636d8bce40f85af922273f03dcc8e + + +**How To Read This Chart:** + +* BTC's +1 Yr. HODL Wave shows what percentage of coins in circulation haven't been moved in at least 1 year. +* When charted against BTC's price, one can identify trends that coincide with bull and bear market cycles.  +* Historically, a local top in the +1 Yr. HODL wave is congruent with the start of a new bull market. When the number of untouched coins begins to decline amid rapid price appreciation, one can be confident that a new bull market cycle is likely underway. +* When the downward slope of the HODL wave grows increasingly steeper, one can assume that selling pressure is beginning to increase and supply is likely to outpace demand. As such, a cycle top is presumably creeping closer. +* Prior to hitting a local high, a gradual increase in the +1 Yr. HODL wave signals that market participants are in "accumulation mode." + +**What You Should Know:** + +* BTC's current +1 Yr. HODL Wave reading sits at 54.78%, i.e. 54.78% of all coins in circulation haven't been moved in more than a year. This is down -8.6 percentage points from a local top of 63.4% set on September 9, 2020. +* On January 31, 2013, BTC's +1 Yr. HODL Wave hit a local high of 48.2% and the price of BTC was at $20.40. When BTC hit a cycle high of $1,158 on November 30, 2013, the +1 Yr. HODL Wave reading was at 38.8%. That is, over the course of 303 days, the number of coins that hadn't been moved in more than a year had fallen 9.4 percentage points while price appreciated +5,580%. +* On January 19, 2016, BTC's +1 Yr. HODL Wave hit a local high of 61.5% and the price of BTC was at $380. When BTC hit a cycle high of $19,660 on December 17, 2017, the HODL Wave reading was at 43.1%. That is, over the course of 698 days, BTC's HODL Wave fell -18.4 percentage points while price appreciated +5,073%. + + +### Bitcoin's 200W Moving Avg. Multiple + +### + +https://preview.redd.it/fxecw8dwtdy61.png?width=3572&format=png&auto=webp&s=d8fb8c9cf5f698eca20320da455c1f4f54e2c191 + +### How To Read This Chart: + +* **200W Moving Average:** A critical level of support used to determine an overall long-term market trend. The trendline measures the average price of BTC over the prior 200 weeks. +* **Moving Average Multiple:** The multiple with which BTC is trading at relative to its 200-week moving average. For example, a multiple of 4.0x means BTC is trading at 4x its 200-week moving average. + +**What You Should Know:** + +* In prior bull market cycles, BTC has traded as much as 10x - 15x its 200-week moving average prior to entering a bear market. +* BTC's 200-week moving average is 4.47x. That is, BTC is trading at 4.47x its 200-week moving average ($12,467), down from last week's multiple of 4.78x. +* Given today's 200-week moving average of $12,467, a 10x - 15x multiple would imply a BTC price of $124,670 - $187,005. +* BTC's 200-week moving average multiple hit a local high of 10.3X for the week of April 4, 2013. On April 9, 2013, BTC hit a cycle high of $259. +* BTC's 200-week moving average multiple hit a local high of 13.2X for the week of November 25, 2013, which coincided with a market cycle top of $1,158. +* BTC's 200-week moving average multiple hit a local high of 15.2X for the week of December 11, 2017. That same week, price hit a cycle high of $19,660. + + +### Bitcoin's Bull Market Weekly Support  + +https://preview.redd.it/qhfxrt4ytdy61.png?width=3394&format=png&auto=webp&s=d701291c49567da14a149e0074f5f8fc128ef80c + +**How To Read This Chart:** + +* BTC's Bull Market Weekly Support tracks two critical levels of support that have acted as last lines of defense in prior bull market cycles: BTC's 20-week exponential moving average and 21-week simple moving average. +* In prior bull market cycles, BTC has mean reverted down to the 20W EMA and 21W SMA before bouncing and resuming its uptrend. +* When BTC breaks below both moving averages, the likelihood of BTC's bull market coming to an end is heightened. + +**What You Should Know:** + +* At a price of $55,750, BTC's 20-week exponential moving average is $47,994 and its 21-week simple moving average is $47,967. +* A move down to BTC's 20-week exponential moving average would imply a -13.9% correction from current price. +* A drop down to BTC's 21-week simple moving average equates to a -14.0% drop from current levels. + +### Bitcoin's Google Trends Searches + +&#x200B; + +https://preview.redd.it/6romf4s0udy61.png?width=3486&format=png&auto=webp&s=727bc40cb45f112ea3169549c5236a16f2191693 + + +**How To Read This Chart:** + +* BTC's Google Trends Searches compares BTC's price relative to monthly worldwide Google searches for "Bitcoin" when looking as far back as 2010. +* This chart can lend insight into sentiment and/or interest in BTC, particularly in bull market cycles. +* Parabolic jumps in Google searches and price may suggest that BTC is either close to reaching a local top and/or a market cycle top. +* Note: The Google trends score represents search interest relative to the highest point on the chart for the given region and time. A value of 100 is the peak popularity for the term and a value of 50 means that the term is half as popular. + +**What You Should Know:** + +* BTC's current Google trends score is 39, down from last month's reading of 50 and from a local high of 64 set in January 2021. +* BTC's Google trends score hit an all-time high of 100 in December 2017. + +### Bitcoin's Logarithmic Growth Curve + +&#x200B; + +https://preview.redd.it/n2x1l6e3udy61.png?width=3394&format=png&auto=webp&s=57e42474b420f300384fe5d1686c47a7fc0268bc + + +**How To Read This Chart:** + +* BTC's logarithmic growth curve consists of two sets of curved trendlines that have historically proven to be critical levels of support and resistance. +* While both lines point to price ranges whereby BTC is arguably "overbought" or "oversold," they also represent a notable underlying property of BTC that can be found in social networks, technological innovations, pandemics, societies, and economics: exponential growth. + +**What You Should Know:** + +* BTC is a +48% to +94% move away from entering into "overbought" territory, which is currently between $82,504 and $108,147. +* BTC is a -60% to -70% move away from falling into "oversold" territory. This week's range is $16,920 - $22,179. +* At a current price of $55,750, BTC resides in the 61 percentile of the logarithmic growth curve's $16,920 - $108,147 range. + +### Kraken Intelligence's Bitcoin Logarithmic Retracement Curve + +&#x200B; + +https://preview.redd.it/uutb4op4udy61.png?width=3416&format=png&auto=webp&s=c24efde57a6e0df78a3dd24c442e5eb5f46f6b19 + + +**How To Read This Chart:** + +* BTC's logarithmic retracement curve uses the growth curve's uptrending support line and historical price action to back into an implied market cycle top. +* Since 2011, BTC has long respected the growth curve's support line and has historically retraced down to said level upon hitting a market cycle top. +* When considering BTC's previous bull market cycles, one will find that it takes, on average, 385 days for BTC to retrace back down to the support band after hitting a top. +* Also, one will find that BTC has corrected, on average, -86% after the bull market ends.  +* By knowing where the price of the support curve is 385 days from today and making assumptions about how severe BTC will correct after hitting a cycle top, one can have a better sense as to where BTC would need to be trading to correct down to the support band over a period of 385 days. + +**What You Should Know:** + +* The price of BTC's logarithmic growth curve support 385 days from today is $34,783. +* Assuming BTC corrects -70% this market cycle, BTC would need to be trading at $115K for BTC to retrace down to support 385 days from today. +* An -86% correction implies a $252K cycle top and a -90% correction implies a $347K cycle top. +* According to this model, BTC is not currently in "market cycle top" territory. + +### Bitcoin's Monthly Upper Bollinger Band & RSI + +&#x200B; + +https://preview.redd.it/40zev966udy61.png?width=3572&format=png&auto=webp&s=3c6c3461cfea01d6b0c7d6a7be6eb79e70b00548 + + +**How To Read This Chart:** + +* **Bollinger Bands:** A technical indicator that can be used to measure volatility and identify “overbought” or “oversold” conditions. When trading above the upper band, an asset can be considered "overbought." If trading below, the asset is considered "oversold." Oftentimes, the upper and lower Bollinger band represents a +/- 2 standard deviation move from a 20-period moving average. However, we'll be keeping an eye on a +4.5 standard deviation upper Bollinger band relative to BTC's 20-month moving average. +* **Relative Strength Index (RSI):** One of most popular and widely used momentum oscillators. It measures over a 14-period duration and fluctuates between 0 and 100. A reading below 30 indicates "oversold," a reading over 70 signals "overbought." Given its historical relevance, we'll be focusing on BTC's 14-month RSI. + +**What You Should Know:** + +* BTC's current intramonth high of $59,603 came $43,538 short of crossing its monthly upper Bollinger band of $103,141. +* BTC's 14-month RSI is currently 87.9. The index may be in "overbought" territory, but history tells us that BTC can remain in "overbought" territory for an extended period of time. Note that BTC's 14-month RSI held in "overbought" territory between December 2016 and February 2018. +* In April 2013, November 2013, and December 2017, BTC hit an intramonth high above its monthly upper Bollinger band as price set a market cycle top. Only in these 3 instances have we seen BTC break through its +4.5 standard deviation monthly upper Bollinger band. BTC's 14-month RSI also topped out well into "overbought" territory at a reading of 96. + +### Bitcoin's MVRV Z-Score  + +&#x200B; + +https://preview.redd.it/z1v81xo7udy61.png?width=3558&format=png&auto=webp&s=a619ec31a90df8e641d098c933daff44d0ee8f4a + + +**How To Read This Chart:** + +* **What Is A Z-Score?** A numerical measurement that can explain a value's relationship to a group's average. It is measured in terms of standard deviations. For example, a z-score of 0 means that a value is identical to the mean and a z-score of 1.0 means that a value is one standard deviation above the average. +* **BTC's MVRV Z-Score:** Considers BTC's market value and realized value to help determine when BTC may be over/undervalued. A z-score between 7 and 11 (pink box) suggests BTC is "overbought." When between 0.9 and -0.3 (green box), BTC is believed to be "oversold." +* **MVRV Z-Score Formula:** (Market Value – Realized Value) / (Std. Deviation of Market Value). +* **Market Value:** BTC's price multiplied by coins in circulation, i.e. market cap. +* **Realized Value:** The price of each BTC when it was last moved.  + +**What You Should Know:** + +* BTC's current MVRV z-score is 4.38, down -1.6% from yesterday's reading of 4.45 and down -1.4% from last week's reading of 4.44. +* BTC's market value is down -0.9% at $1T and its realized value is up +0.2% at $374B. +* A +59.8% increase in BTC's z-score would put the indicator in "overbought" territory. A -79.5% correction would put the indictor in "oversold" territory. +* Prior z-score tops: + * April 9, 2013: 11.05 + * November 23, 2013: 10.8 + * December 8, 2017: 9.77 + * Average score: 10.54 + * Note: These z-score readings topped out 1 day, 7 days, and 11 days, respectively, ahead of a market cycle top. +* On February 21, 2021, BTC's z-score hit a 3-year high of 7.62. + +### Bitcoin's Pi Indicator + +https://preview.redd.it/rkk2d009udy61.png?width=3390&format=png&auto=webp&s=511ab9b845b232f28946636604629d8b8475c0c9 + + +**How To Read This Chart:** + +* BTC's Pi indicator leverages the 111-day moving average and the 350-day moving average multiplied by 2 to identify market cycle tops. +* Historically speaking, when the moving averages touch, a top in the current market cycle has been or will be realized. +* It should be noted that 350 / 111 equates to 3.153, which is as close to Pi (3.142) as we can get to when dividing 350 by a whole number. + +**What You Should Know:** + +* As of today, BTC's 111-day moving average is $51,124 and its 350-day moving average x 2 is $52,726. +* On April 11, 2021, the Pi indicator crossed for the fourth time in history. Approximately 3 days later, BTC hit an all-time high of $65,000. +* On April 6, 2013, both moving averages crossed when BTC was trading at $229. BTC hit a cycle top approximately 3 days later. +* On December 4, 2013, both moving averages crossed and BTC was trading at $1,130. Just 5 days later, BTC hit a cycle top. +* On December 16, 2017, both moving averages crossed. BTC hit a cycle top of $19,660 that same day. + +### Bitcoin's Stock-to-Flow Ratio + +&#x200B; + +https://preview.redd.it/y8gz7pycudy61.png?width=3568&format=png&auto=webp&s=e0c4132e991a1ba64f0a8e78b57555414c8e5e3f + + +**How To Read This Chart:** + +* Much like gold and silver, we can consider BTC's circulating supply (stock) against its expected production of new supply (flow) to get a stock-to-flow ratio.  +* A high stock-to-flow ratio implies that a commodity is growing increasingly scarce and more valuable as a result. +* By overlaying BTC's price against its stock-to-flow ratio, one will find that BTC's price has trended alongside the ratio over the years. +* One will also find that BTC's price continues to diverge less and less from its stock-to-flow ratio, which is a 365-day average; when price trends above the stock-to-flow ratio, the divergence is positive (>1) and thus BTC may be considered "overbought." +* The multi-colored line denotes the number of days until Bitcoin's next halving, which is when the mining reward for a new block is cut in half. This reduction in new coins (flow) drives BTC's stock-to-flow ratio higher, implying that BTC is scarcer and thus more valuable.  + +**What You Should Know:** + +* Bitcoin is 1084 days out from its next halving, at which point its block reward will fall from 6.25 BTC to 3.125 BTC. +* BTC's current divergence is 0.59, down from yesterday's reading of 0.6 and down from last week's reading of 0.61. +* Prior market cycle tops coincided with a divergence reading of 40.8 (June 2011), 9.8 (April 2013), 9.75 (December 2013), and 3.5 (December 2017). +I apologize beforehand if what I type seems really depressing or wrong or something, I'm honestly really tired of wasting my energy on this "project" since most of my friends won't listen or don't want to. +TL;DR will be at the bottom. + +I've heard so much about Safemoon these last few days, from friends telling me that I should get in on it to seeing it being shilled on this subreddit. +Some people saying just to ride the way, it'd be stupid not to!! I'm honestly tired and appalled of this behaviour. So after already spending way too much time trying to save my friends' bank accounts, one last time I felt like putting out my reasoning behind why "riding the wave" of Safemoon is appalling and why Safemoon isn't safe. Maybe I will help at least one more person to not lose all their savings into this scam. + +Okay first off let's start with the basics. +[Safemoon.net](https://safemoon.net/), great the site looks pretty clean! Let's even ignore the countless clones like for example [safemarscrypto.com](https://safemarscrypto.com/) that were supposedly registered on the same day. Okay. The team, they have 5 people in their team and one website developer. They have their names and everything!? Or? The only thing with their personal details are linkedin profiles where anyone can fill in whatever information they want. + +Their details are not consistent either, for example: On "Henry Wyatt"'s profile he said the work he is most proud of is that he created an MMORPG with 300k users that blew up practically overnight. On "HLWGroup" which is the company several of the people in the team have on their profiles as experience it says "Started one of the largest legal RuneScape Private Servers in history with 500,000 accounts and $300,000+ annual revenue.". +Okay that doesn't confirm anything, I just thought it was an interesting thing to note. Creating an MMORPG that blows up overnight or creating a private server for Runescape is pretty different. But fair enough, let's say Mr. Wyatt here just wanted to sound a bit more accomplished than just creating a big private server. +Should we also ignore the fact that HLWGroup links to a website with the link "[imagine.ps](https://imagine.ps/)" when, if you do some tiny digging on google, you find out the fact that every mention in the past of the actual private runescape server that existed had the link "[imagine-ps.com](https://imagine-ps.com/)"? + +Anyway, to note is that the "developers" don't seem to have any connection with anything that contains real personal information as in they're not connected to their facebook page with their real accounts nor do their twitter accounts have much activity before all these shenanigans started. + +Okay, let's move on to some more incriminating stuff than just some feelings of stuff being shady. + +[Tokensniffer.com](https://tokensniffer.com/) is a website that compares the similarities behind different tokens to find out if a token is just a simply copy paste of something that has existed in the past or if it's original. If you go to [https://tokensniffer.com/token/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3](https://tokensniffer.com/token/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3) which is the Safemoon contract you can see it has already extreme similarities with projects that were deployed weeks before. 94% of the code from a project has been reused in Safemoon. These projects are also flagged due to being run by a known serial scammer. Funny thing to re-use 94% of a code that belonged to someone known for scamming. If you want to you can compare the projects and see how little difference there is, more or less the only things changed being amount of tokens and the name. +Literally anyone with just a basic understanding of programming can do these changes. So they need 5 "developers" for copy-pasting a code being run by a serial scammer and changing a few lines of code? + +This is a 4B market cap project by the way. Changing a few lines of codes, hype and claiming to develop things further down the line with no proof whatsoever that they have any type of skill needed to create actually unique things. Let that sink in if you think this will go to the moon forever as well, a 10x from here and it's already a top 10 crypto. + +Now what does this 4B market cap project do? What is its reason for existing? What problem does it solve? +It exists to make money. 5% of every transaction gets burned, 5% gets redistributed to previous holders. It has no fundamental reason to exist past this, if you think this is some type of genius mechanism to make everyone money you are misled. A scheme like this feeds on itself with the money that gets invested from newer investors to older investors. The market cap gets bigger and bigger and the amount of money needed to make everyone profit also increases exponentially until there is no longer enough new people willing to invest in it, what happens then with a project like this that has no reason to exist past making money? +Earlier investors will start taking out their money and put them in another project that has better returns, the price will drop, more investors will take out their money while they can and the price will drop further and a panic drop will most likely ensue and the project will be worthless since there is no use case for it. + +Who gets burned? The large amount of new investors who got in just before the growth no longer was sustainable. + +Now why should you not just join in and ride the wave while you can on a project like this? What's the difference between something like and Bitcoin? +Well. Bitcoin has an underlying reason to exist. It's valued where people think or expect the blockchain technology of bitcoin to be valued. It also has the computing power behind it that secures Bitcoin's blockchain. This token solves nothing, provides nothing, and does nothing except lure people in with promises of great returns. You're simply profiting of people that got in later than you and every scheme like this grows quickly then falls quickly because 10% growth for every person really is not sustainable after some point. + +It's a smart ponzi scheme. And you're making the most predatory people the most money, and burning the most trusting people by participating in schemes like these. +There are endless copies of Safemoon, or similar schemes, Safemoon just got the most traction from social media. There will be more in the future, and there has already been a lot of very similar schemes. Don't participate in them if you understand what is happening, even if you manage to make money from it (which is not a guarantee even if you actively search them out), it's counterproductive and dangerous for the cryptocurrency market and you only steal money from people who are less informed. Things like these are criminal in most places for a reason. + +I'm pretty new to economics in general so I might not have given the perfect explanation, if anything I said was wrong or if something could be explained better I would love to hear it. But this is what I've understood from wasting a lot of hours trying to help people. + +Don't lose all your savings, don't make other people lose all their savings. + +TL;DR: +Safemoon is a "smart" ponzi scheme. +It has nothing original in it and only grows because of a predatory unsustainable mechanism built into its code (stealing 10% of the transaction and benefitting earlier investors). +It has no reason to exist except make money quick, and when it stops because of unsustainable growth the price will collapse. + +Stop telling people to ride the wave, you're hurting innocent people and the crypto market as a whole. +An illustration from my own life: + +I once joined a board about 20 seconds after its president was removed. The board had an amendment already drawn up and ready to be approved, waiting to formally conduct the meeting. I was at a bank with a letter signed by the Chairman, waiting for the go-ahead to take over. + +Lesson being, boards can make things happen as quickly as they like. At the same time, they have to follow a very strict process. The guy speaking was just talking like a lawyer. Don't be disheartened. + +The GameStop board is not going to say anything before it's doable. And the first step is amending the charter to increase the number of shares. Then, the split will be announced. + +I think this makes it pretty clear, by the way, that GameStop would not have done a dividend without shares being 1,000,000,000. + +The odds are INCREDIBLY slim that the board suddenly got cold feet when everything they asked for happened. LOL + +TLDR: Split incoming +*Thanks for the feedback everyone! Updated to be an easier read as well as supply additional info from some awesome commenters!* + +\*\*US ONLY\*\* : not sure what’s available in other country’s. If the infos supplied by a commenter who may know, I’ll be happy to add it. :) + +**Added Canada thank you** u/xxHEYxx + +So I run across this a lot. Young or old, it doesn’t matter. YOU ARE ENTITLED BY LAW TO GET A FREE CREDIT REPORT ONCE A YEAR. This does \*\*NOT\*\* effect your credit. **As of right now these reports are free weekly due to Covid-19, until April/2021** + +I know a lot of people wonder what their credit is or get sad when they get declined for things and don’t know what to do. + +A great first step is to get a detailed credit report. You can get 1 a year from each of the credit reporting agencies. Great if you're trying to build your credit and may not know what is on your history. Of course it's good for everyone to check their credit report once a year just to be safe, or if you suspect something fishy happening with your credit. Remember credit goes down a lot easier than it goes up. + +Here's the link I use to get it, this is the same one that's been used for years. If you feel more comfortable, their is a dot.gov link provided below courtesy of, u/Immediate-Nobody. + +[https://www.annualcreditreport.com/index.action](https://www.annualcreditreport.com/index.action) + +This is a credit report, it does not show your credit score. It will however show a detailed report of every account effecting your credit including ones in collections. From my recollection it even provided phone numbers for the agencies I owed to. + +Hope this helps any people. I know credit can be confusing and frustrating. If anyone has any credit questions I’ll try to answer them. Have a good one everyone! + +*edit* thanks u/Immediate-Nobody : added to the info. + +Due to COVID, they're offering free credit reports weekly, until April/2021. I'm not sure if it's the full report, but I can't imagine why it wouldn't be. + +Edit: If you don't like OPs link you can use [https://www.consumer.ftc.gov/](https://www.consumer.ftc.gov/) , and just click "Get your free credit report." + +**Canada:** + +[Gov. of Canada website](https://www.canada.ca/en/financial-consumer-agency/services/credit-reports-score/order-credit-report.html) + +[CBC Article](https://www.cbc.ca/news/canada/how-to-check-your-credit-report-1.1185975#:~:text=You%20can%20ask%20for%20a,should%20check%20with%20both%20bureaus.&text=If%20you%20can't%20wait,an%20instant%20credit%20report%20online) + +&#x200B; + +Some additional notes, info and tips : + +Get Credit Karma or something equivalent. It doesn't provide FICO but it has plenty of info worth using. I find it to be pretty on the money for me personally. Pretty much a must have. + +If you are trying to rebuild credit a good start is to pull these reports. Pay down anything you can afford to and remember, it's always worth trying to negotiate a lower payoff. + +Second, get a secured credit card. This is a credit card given in collateral for an up front deposit. My first one was $300. Sometimes they are refundable after responsible payments for a year, sometimes they aren't. ALWAYS check card terms. It sucks but if you have bad credit even if it's due to medical or something out of your control, it's a little harder to get started. You have to start somewhere though. + +Just because you have a decent score does not mean you all of a sudden will get approved for everything. You still need an established history. Don’t think you need a second credit line? Think again. + +All debt effects your credit, if your grandma said, medical doesn’t do anything blah blah. Yah maybe 80 years ago. Medical, school, any debt will destroy your credit. Figure it out before that happens. + +&#x200B; + +I don't have time to right now but a few commenters stated if you check the Experian, Equifax or TransUnions website's you may be able to get a credit score for free. I don't know the terms or even if all 3 do it. Got a baby crying, I'll try to add more later. Thanks everyone for all the feedback and I'm glad and hope this helps people. +Anglo American recently announced a loss of $5bn this week, along with revenue declining by 26%. + +So, what do we know about the parent of De Beers? + +1. It market value is at an all-time low. + +[Imgur](http://i.imgur.com/swpB6j8.jpg) + +Anglo American’s current market value is 60% lower than the pre-commodities boom in the early 2000s. So, why has this company fallen from grace? +Despite owning 85% of De Beers, it also owns a platinum division, copper division, coal division, and iron ore division. All this is due to falling commodities prices and a slowdown in demand from China. + +On the surface, Anglo American’s balance sheet isn’t so bad, as illustrated by the chart below: + +[Imgur](http://i.imgur.com/E2u4weI.jpg) + +Its equity is slightly lower than it was back in 2008 at $21bn, but this is much higher than the $13bn recorded in 2001. + +But deep down, Anglo American is deep in debt. + +[Imgur](http://i.imgur.com/fuKovM9.jpg) + +So deep it surpassed the “$10bn” for the first time at the end of 2015. +Anglo’s market capitalization has declined likewise. Even more disturbing is the company’s shrinking investment portfolio to an all-time low. + +[Imgur](http://i.imgur.com/G691XTA.jpg) + +A liquidity of its long-term investments has not stopped the company declining cash balance and since 2011, it saws its liquidity fell from $19.8bn to $9.5bn. + +And Anglo American’s financial position won’t improve because the company has dire earnings. + +[Imgur](http://i.imgur.com/mBaeqew.jpg) + +It doesn’t look like the company is making a profit anytime soon, as it’s CEO stressed that asset-sale will be accelerated in 2016 to reduce net debt. +The question on everyone lips are: “Who will be buying?” + +Please let me know your thoughts on this company. + + + +Fox Finance was released almost 48 hours ago and in that time it's gained: + +1,650 holders + +A roughly $1.5m marketcap + +Submitted coingecko application (CMC coming VERY soon) + +A FULLY developed website + +And developed media platforms. + +This is a very low market cap, a solid dev team that responds to every question with speed and accuracy. Definitely my favorite community I've seen in the crypto atmosphere EVER. It's very cheap rn and it's already gotten rid of most whales. I'd personally say at least join the telegram to find out for yourself before taking on any risk. A market cap this low with a strong community has a bright future ahead of itself. + +1,000,000,000,000,000 Supply with 1Trillion tokens burned every plus a 6% redistribution rate and 6% goes to liquidity in every transaction. + +Contract Address: 0xfad8e46123d7b4e77496491769c167ff894d2acb + +Website: [https://foxfinance.io](https://foxfinance.io) + +Twitter: [https://twitter.com/foxfinancebsc](https://twitter.com/foxfinancebsc) + +Telegram: [https://t.me/foxxtoken](https://t.me/foxxtoken) + +Chart: [https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) +Its the ANTI rugpull community driven protocol! + +Massive Tokenomics. + +They LOCK their liquidity from the devs. so its PURE SAFETY. + +Massive Burn of tokens. how can we not jump on this ship? + +# + +# Why Do They call Me Generous? + +📷 + +[SafeMoon Protocol](https://safemoon.medium.com/?source=post_page-----c7531943eae5--------------------------------) + +[Mar 2·2 min read](https://safemoon.medium.com/why-do-they-call-me-generous-c7531943eae5?source=post_page-----c7531943eae5--------------------------------) + +What the hell is DxSale and why you should always keep an eye out for tokens listing using this fair-launch protocol. + +Well, with so many rugs appearing on BSC lately, someone had to do something. This is where DxSale comes in. DxSale Protocol allows initial coin offerings to be held in a guarded venue with rules. + +Rule 1) Any and all presale profits generated during the presale will automatically be transferred from the presale address into the LP on PancakeSwap without the sketchy devs having anything to do with it… This is guaranteed with the function of the DxSale contract. + +Rule 2) Tokens sold during presale have a verifiable list price. Therefore it is easy to see and know that your presale price of the token will be lower than the list price of that same token on PancakeSwap, all of this guarantees the amount of money you get from investing early in a project. Most projects list at a 1:4 ratio which means that investors in the presale walk away with an easy 4x gain once their token becomes listed on PancakeSwap. + +Rule 3) Liquidity can be automatically locked for any period of time as selected by the token developer, this guarantees that the token cannot be rugged by the dev simply by removing the LP. + +Being that this protocol is fairly new, and not many know about it’s true potential and power we have decided to use this new fair-launch to create the ultimate presale experience. + +SafeMoon is an entirely community driven project. Completely Rug Free. + +* Safe launch using DxSale +* LP locked for 4 years +* Dev tokens entirely burned +* Auto-liquidity generated with every trade and loaded into PancakeSwap. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +TOKENOMICS: + +RFI + LIQ + +♻️5% of all trades are redistributed to holders + +🔓5% of all trades are auto-locked inside liquidity provider on PancakeSwap + +Total Tokens: 1,000,000,000,000,000 $SAFEMOON + +100% Dev Tokens Burned: 223,000,000,000,000 $SAFEMOON + +Total remaining supply: 777,000,000,000,000 $SAFEMOON + +ALL Remaining supply has been transfered to DxSale Protocol for presale (dev must buy these tokens with the community to be a part of this project!) + +See the confirmed entry of tokens into DxSale Presale here: [https://bscscan.com/tx/0x73f063eb2aab82b6114deca23439c2d20c75c2684a1e3da44d0bcbf56e1caee7](https://bscscan.com/tx/0x73f063eb2aab82b6114deca23439c2d20c75c2684a1e3da44d0bcbf56e1caee7) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Tokens will be listed on PancakeSwap at 4X the price of the presale. + +⚠️ Soft cap 30 BNB / hard cap 70 BNB ⚠️ + +⚠️Limit of 10 BNB per wallet⚠️ + +Presale price = 1BNB / 11 Trillion $SAFEMOONList Price = 1 BNB / 40 trillion $SAFEMOON + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Links + +Telegram: [https://t.me/safemoonV2](https://t.me/safemoonV2) + +Website: [https://safemoon.xyz](https://safemoon.xyz/) + +Twitter: [https://twitter.com/safemoon](https://twitter.com/safemoon) + +Medium: [https://safemoon.medium.com/](https://safemoon.medium.com/) + +Verified Contract on BSC: [https://bscscan.com/address/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3#code](https://bscscan.com/address/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3#code) + +Burned Dev Tokens: [https://bscscan.com/tx/0xc44aa170d66ed1a2ffc06b63f5ce1aabf1fd2ced669a47cfe88cf6b6c063d774](https://bscscan.com/tx/0xc44aa170d66ed1a2ffc06b63f5ce1aabf1fd2ced669a47cfe88cf6b6c063d774) +Why twitter is a great source if you know who to follow, note the [timestamp](https://twitter.com/jasoninthehouse/status/792047597040971776) + +http://imgur.com/uZ2oHs4 + + +EDIT: + +1. FBI not reopening the investigation. +2. Comey legally had 2 inform Congress, because he testified they had finished reviewing evidence, +Some information that will help you plan your trades! + + +Current MMM: +/- $6.50 (NIO needs to move more than this dollar amount in the direction you're playing it to make money on your options) +&nbsp; +&nbsp; + +IV of options expiring this week: 222.11% +IV of options expiring next week: 178% + \^\^\^ there's about 44% of volatility priced in to this week's options) +&nbsp; +&nbsp; + +Current one standard deviation range: $53.13 to 40.95 (68.27% chance it stays here) +Current two standard deviation range: $60.36 to 35.84 (95.45% chance it stays here) +&nbsp; +&nbsp; + +The above ranges are where I'll be looking to plan some spreads, but will need to see how price action plays out throughout and towards the end of the day first. +&nbsp; +&nbsp; + +Just wanted to throw out this info for those thinking of playing NIO earnings or those that didn't know you could almost 100% guarantee profits with spreads/more advanced options strats. Also with that, less risk = less reward. The higher the probability of success, the lower max profit you will have. +&nbsp; +&nbsp; + +Good luck everyone! + +Edit: TY for the hugs award! Also, I have ZERO problem helping you all out with replying to messages and comments. It's the whole reason I started my YT channel (in my profile)and created this account. So by all means, keep the questions and stock talk coming! + +Edit 2: Thank you for the silver! I truly appreciate it! +80% of the time Apple keynotes causes a dip. And yet with today's shitty totally lackluster keynote, stock pops in the afternoon. + +WTF am I missing here? + +- iPhone 7 leaks got basically EVERYTHING right ahead of time and nothing I saw was more than iterative. +- Apple watch should never have been NOT waterproof +- Pokemon Go and a mario port of a runner? + +Seriously this stuff has to be seen as underwhelming by people in the industry. The only interesting thing to me was the airbuds and they are freaking proprietary!! + +Maybe I underestimated the power of Sia? IDK someone help me understand. lol. + +note: i have no position. im just curious and mad that i got it wrong. + + +EDIT: And there you go. Down 2.34% @ 1130EST +[https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x](https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x) + +GameStop Corp. GME said Thursday it has entered a partnership with Immutable X Pty Ltd., under which it will create a fund of up to $100 million in Immutable X's IMX tokens, which will be used for grants to creators of non-fungible token content and technology. + +&#x200B; + +&#x200B; +I have a 2006 Pontiac G6. I want to buy a 2018 Honda Civic but I’m not sure if I should just drive my car til it breaks down or go ahead and get the new one. Thoughts? +Hey, I am looking to help my brother move to be near us. We really want him to live close by, but he cannot afford the houses nearby in this crazy hot city housing market right now. I want to buy a house for his family, and sell it back to him with an affordable monthly payment. I am looking for any and all creative (& legal) ideas on how I could do this. Here are a few pertinent details before you give feedback. + +1. Assume the house is $500k and typical monthly payment is \`\`\`\`\~$2,300. We want to get that monthly payment down to around $1,400. +2. We want to keep his local tax rate at 4% (instead of what equates to around 12%) which means he needs to own 51% of the house. It's possible that owner financing does not count as "ownership" but we will have real-estate and/or estate attorneys make sure this is the case. +3. We would buy the house with a PAL line and try to balance out our long term interest with what they pay in interest (not trying to make a lot of money here). +4. We are not worried about him paying the mortgage. He is very responsible. However, we would try to structure the paperwork so that we can take the home back if ever was needed. Obviously last ditch possibility. + +Current thinking is that we could buy him a $500k home, we retain 20% ownership long term as investment. So $400k is left. Then gift him $60k, then he puts in $70k from sale of current house. So $270k left. Then we finance that back to him with similar terms to a 30yr mortgage at 4%. That takes monthly payment to around $1,400. The only problem I see is it might work out that if we own 20% and we are financing the $270k back to him, then maybe we technically own more than 50%. Waiting for an answer on this. + +Please only constructive feedback on this... but any ideas welcome. +Factory life. Slow season=20-30 hours a week. Busy season =50-60 hours a week. The benefits are decent but the hours and pay are so unreliable. Years ago I worked for a non-profit that assisted adults with disabilities and I really enjoyed the work there. They have a new program where you "adopt" someone with special needs and they pretty much live with you in your home. The pay is excellent and I would be able to stay home with my kids (6 and 4) who are both in school. We would save a TON of money on daycare and after school programs just by me taking this new role. My wife is on board and I'm just waiting on my licensure and paper work then a few tweeks to the home. (New windows and a fireproof door). We have plenty of space in our home and an extra bedroom in the basement. My biggest hangups is there is no insurance, retirement etc. I can sign up through my wife's work but it's an outrageous cost. Can I get benefits from the state seeing how this new position is a tax-free position?? (As in the state offers a stipend for this work and is not taxed). Theres just a lot going through my head along with all these other things and any advice is sure welcome! +Hello all, I’m 29, no debt and am currently maxing my works retirement fund. I’ve saved 100k which I had planned to purchase property with. However, I do not believe that’s the right move for me at this point. I also have 20k as an emergency fund. + +Any suggestions on where to start in order to figure out what to do with this lump sum? + +Thanks all for the feedback! +Hello bros- + +I am asking this just to validate my understanding regarding PUBLIC universities only + +Background- +My kids are 4 years away from college and I saved decent, if not exorbitant, for the college. In-state tuition would be a breeze but may need additional funding for out of state. Also, I am not against the idea of community college but I want to clear my head with correct understanding of the concept + +I heard/gathered the following from others regarding out of state tuition +1. Out of state tuition will become in state tuition following one year of residency. Somehow I assumed this to be in state tuition from year 2 onwards. + +2. Out of state tuition will remain so for all four years because it is the parents residency that matters + +Which of the above is correct? I mean these two are polar opposite in terms of money. Appreciate your time and response! Thanks +Sup Apes + +It's your Diamondhanded Dutchie here, back with an updated version of my self-DRS guide published last week. + +**DISCLAIMER: I am not telling you to DRS your shares. That's a decision only you get to make. None of the content below may be interpreted as financial or legal advice. Proceed at your own peril.** + +With that out of the way: BE SURE TO CHECK THE FAQ FURTHER DOWN THIS POST! It should answer a lot of your questions. If you still need help figuring things out, drop your question in the comments. + +**Before we start: Make sure you have $5 in your IBKR account to cover the costs for the transfer!** + +&#x200B; + +[This one speaks for itself. IBKR = InteractiveBrokers. Clearly, you first need to create an account. As for how to transfer from another broker: Check other posts in this sub!](https://preview.redd.it/bn4b92chtyw71.png?width=1920&format=png&auto=webp&s=17ff31e2b9c4ef0df71a7d654fd29376968588db) + +&#x200B; + +https://preview.redd.it/1ya2k1sptyw71.png?width=1920&format=png&auto=webp&s=21d7f56e972cc42bde8241284ea77df55b4319df + +Alright, this is where things got a bit muddy for many here. Your request may get REJECTED at first if your shares haven't settled. It may also get requested if the money you used to buy your shares haven't settled yet. + +This is particularly valid to those who funded their account with non-US currency, like Euros, Pounds or Australian Dollars. Your moneys, you converted moneys, *and* your purchased shares *all* need to settle! + +**If you get rejected today, try again tomorrow. And the day after. Until it goes through!** + +&#x200B; + +[Easy](https://preview.redd.it/qiw9qz5rtyw71.png?width=1920&format=png&auto=webp&s=ea946263a0d2177ed65ee6e45ffc3e1a5f7d5ba6) + +&#x200B; + +[Incoming is selected by default, but you need to CLICK ON OUTGOING1](https://preview.redd.it/7c9x69ystyw71.png?width=1920&format=png&auto=webp&s=d7835c0bc28346cac2ce45d05195f1b32180e08b) + +**CLICK. ON. OUTGOING!** + +# I repeat: Click on OUTGOING!! + +&#x200B; + +[If you see Basic FOP first, followed by DRS, it means you have the Outgoing view in front of you. If you don't see these two, be sure you clicked Outgoing.](https://preview.redd.it/pxf39r1wtyw71.png?width=1920&format=png&auto=webp&s=df36e142e1db4b2da3efbd52154d1018adf6908b) + +&#x200B; + +https://preview.redd.it/qck1xp0ytyw71.png?width=1920&format=png&auto=webp&s=590d63657c13bfb612f27ffc53e3a3f870349193 + +Here's where people feel intimidated. But worry not, dear Ape: If you don't have an account number with Computershare, you don't have to fill out anything. + +When you already have an account with Computershare, and you know your account number, you may fill it out here. + +If you DRS'ed before but have yet to receive the paperwork from Computershare: Leave blank. The good folks at Computershare will do their best to make all your shares land in one account. + +&#x200B; + +[IMPORTANT: You can only transfer WHOLE shares. So one, two, 10, 25, and so on. Fractional \(e.g. 0,7\) shares can NOT be transferred to Computershare.](https://preview.redd.it/ajjwwvu5uyw71.png?width=1920&format=png&auto=webp&s=c22b9d346468f75c943b292df7e5b700e81e365e) + +Also good to know: You cannot prioritise shares over others (first in, first out or last in, first out, etc.) + +&#x200B; + +[zzzzz....](https://preview.redd.it/me28d267uyw71.png?width=1920&format=png&auto=webp&s=3875c3bf24bd5ba33e6d9bdde00bc251965cfb9e) + +&#x200B; + +[Yeah!!!](https://preview.redd.it/80vz7cu8uyw71.png?width=1920&format=png&auto=webp&s=bd63a386ead9e0772b82b1b5b45436039125db52) + +&#x200B; + +https://preview.redd.it/dvrd7kw9uyw71.png?width=1920&format=png&auto=webp&s=e5362e8354318d927e272f2737468ae519a97b37 + +# 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# FAQ: + +&#x200B; + +* **Why would anyone DRS (Direct Registration System) their shares?** + +DRS (Direct Registration System) is a service offering by The Depository Trust Company (DTC) that provides registered shareholders of the issuer with the option of holding their assets (shares) on the books and records of the transfer agent in book-entry form instead of a physical stock certificate. + +Simply put: The shares will truly be YOURS, they get WITHDRAWN from the DTC and CANNOT be lend out to anyone else. Given all that is going on with the price (you know that 180-something isn't correct, right?!) — why wouldn't you want to DRS your shares? You paid for them! + +Shares DRS'ed = Shares withdrawn from DTC = Less shares to naked short = Hedgies r fuk = MOASS + +*But hey.. I am not telling you to do anything. It's up to you, Ape. I'm just telling you HOW to DRS with IBKR.* + +&#x200B; + +* **Can I DRS my shares even though I live in The Netherlands / Sweden / Singapore / Australia / Brazil / Canada/ Spain / UK/ ANY other country or, God forbid, Germany?** + +YES. + +&#x200B; + +* **Do my shares now get transferred instantly?** + +This is really nothing more, nothing less but a tool to submit your request for transfer to IBKR, without their people having to read and reply to thousands of messages. So no, some lovely person at IBKR will still need to approve your request, make sure you have $5 (settled) in your account to pay for the transfer. + +&#x200B; + +* **How long will it take for them to arrive at CS?** + +Anywhere between 2 and 8 workdays, as of late. This may be sped up in the near future, or it may slow down a bit because of the HUGE number of DRS requests. Just check back every now and then. + +&#x200B; + +* **How will I know my DRS request got accepted?** + +Go to Transfer & Pay > Transaction Status & History. Your DRS request will be marked as *PENDING* and once it went through (meaning someone at IBKR approved your request) it will be marked as *ACKNOWLEDGED*. Just check back in a couple of days! + +&#x200B; + +* **My request got rejected with some strange error message! Wut doin!?** + +If your request gets rejected, this is either because your cash hasn't settled OR/AND because the shares you purchased haven't settled yet. Don't worry: Try again tomorrow, or the day after, until it goes through! Still no luck? Contact IBKR directly — they will be able to assist you better than any Ape! + +&#x200B; + +* **I don't have an account with Computershare: Can I still DRS my shares?** + +Yes. See step 6 + +&#x200B; + +* **Alright, I DRS'ed, it says my request is Acknowledged. Now what?!** + +Computershare will automatically send you the necessary paperwork to set up your account: 1x account statement, with which you can create an account — followed by 1x verification code, with which you can confirm your identity. These documents get sent to you by regular mail. For people outside of the US, it can take up to 4 weeks for your letter to arrive. + +&#x200B; + +* **FOUR WEEKS?! But I don't want to wait that long..** + +There's a solution for you, Ape. **Wait a day or three after your request is marked as AVAILABLE in IBKR, and then...** + +1. GIVE COMPUTERSHARE A CALL! +2. Use Skype to avoid high costs, and simply give them a ring at +1 877-373-6374. You will be asked to confirm your identity. +3. Be patient, be polite. +4. *YOU WILL NEED A CREDIT CARD TO PAY $45 for the UPS EXPRESS COURIER COSTS.* + +After that, you should receive your account statement within two to three days. Yes, that fast! + +&#x200B; + +* **Do I also need to wait that long for the verification code?** + +Normally, yes. But if you don't wish to wait that long: Repeat the steps described in the previous question. Bear in mind that a team at Computershare will need to approve the speedy delivery of your verification code. They need a reason from you first: Simply tell them that you can't wait to get access to your account, given the current volatility in the market. That's enough reason for them to tick the box. + +&#x200B; + +* **I don't have a credit card, is there another way to pay for the express delivery?** + +Believe it or not: NO. As of now, Computershare only accepts credit card. If you don't have one, you are out of luck. BUT: You *can* buy a pre-paid credit card (Visa and Mastercard offer those, check with your local bank) — simply charge it with $45 or more, and you are good to go! + +&#x200B; + +* **How do I know if my shares will end up at Computershare? I didn't enter their name anywhere!** + +Fear not — there is only ONE transfer agent for GameStop, and that is Computershare. Whatever broker you use, if you request for your shares to be DRS'ed, they can ONLY end up with Computershare. Don't take my word for it: See GameStop's contact page [https://news.gamestop.com/contact-us](https://news.gamestop.com/contact-us) + +# 🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +&#x200B; + +Should you discover anything that could be explained better or is simply not true / no longer applicable: let me know in the comments below and be sure to tag me. + +Please understand I cannot answer questions about other brokers. Double-check the FAQ before you ask your question. If the answer to your question can be found in the post, I'm not going to respond. Don't be lazy — it's YOUR money that's at risk here. + +&#x200B; + +**MY NAME IS DUTCHIE DIAMOND HANDS AND I WISH YOU ALL A WONDERFUL TIME DRS'ing YOUR GME SHARES! AGAIN: NOT FINANCIAL NOR LEGAL ADVICE — YOUR CALL TO MAKE!** + +# 💎💎💎💎💎💎💎💎💎💎💎 +I see a lot of talk on here about the big tech and disruptors, but not much about Aristocrats like ABBV. + +With such a good earnings report, the Allergan acquisition and new drugs coming down the line to diversify their income stand, I'm honestly surprised to see nothing come up about them. + +With a 10% increase to their dividend (1.30$ a quarter) does anyone have reason to believe ABBV wouldn't be a great play/awesome value, outside of the Humira wannabes? +And Reddit rejoiced! That's right, the little vet tech penny that could has finally delivered its product into the hands of a real life vet: + +**Zomedica ($ZOM)**, *"a veterinary health company creating point-of-care diagnostics products for dogs and cats, yesterday recorded the first veterinarian sale of TRUFORMA® and officially entered commercialization..."* + +*"...The first official purchaser of a TRUFORMA® system was Jason Berg, DVM, DACVIM, founder and president of Guardian Veterinary Specialists, a 29,000-square-foot advanced emergency critical care and specialty hospital in Brewster, New York. A highly respected board-certified veterinary internist and neurologist, Dr. Berg’s dedication to advancing the field of veterinary medicine has garnered national and international recognition. "* + +It's satisfying to see a penny stock fulfill a promise and get its product across the finish line. While I remain skeptical of the long-term value of the stock, short-term this is an exciting milestone and good catalyst. $3, anyone? + +link here: [https://finance.yahoo.com/news/zomedica-announces-first-commercial-sale-100000980.html](https://finance.yahoo.com/news/zomedica-announces-first-commercial-sale-100000980.html) + +&#x200B; + +**Edit:** Lot's of people in the comments confused about what's happening to the stock and where it will head. Honestly, who knows. Biggest likely reasons for yesterday's bloodbath are 1) we're in a general period of volatility and there were LOTS of red stocks yesterday, and 2) many ZOM shareholders were planning to "sell the news" and take their profits when Truforma was officially released. Oddly, Zomedica decided to release early, with this one-unit announcement catching everyone off guard. Coupled with the rough stock day in general, this resulted in a profits-taking sell-off. + +**So, our questions moving forward are:** + +1. Is this the dip and its time to buy back in? (pre-market as I type is $1.99-2.01) +2. Was this "early release" part of a broader strategy or just sloppy? CEO Robert Cohen is generally well regarded, so I'm hoping its the former. +3. What's the insider and institutional ownership after the latest sell-off? Is the smart money invested in the potential of ZOM, or did it cash out on a fad? +4. What's the next catalyst? There are at least 2 other products in the pipeline: + +* **ZM-020**, a point-of-care platform for urine and fecal testing, and +* **ZM-017**, a canine cancer liquid biopsy platform. + +**In summary,** there are lots of questions after yesterday, but also reasons to be optimistic. If there's one thing I've learned in the post-MEME stock, instant-gratification world, the long view of shareholding is now a foreign concept to many. For me? I'm buying the dip and will continue to hold as I think there's more profit to be had. I'm no financial adviser, so you need to do your own DD and understand your risk tolerance. Happy trading! +> Earlier today I have received a phone call from a fake number (it appeared as the phone number of my local police station). + +> A male, Anglo-accent caller asked if I was <my full name> and claimed to be a drug addict, and gave me my full address, and said he knows I have a lot of bitcoins. When asked how, he said my information has been leaked on the dark web. I played dumb and he eventually says I purchased a ledger hardware wallet and “only loaded c*nts” buy them. + +> He told me a sob story about how he is addicted to meth, is about to run out, and needs monero to buy more. He demanded 10 XMR and said if it’s not sent by midnight, he will show up at my house, kidnap me, and “stab to death” any relatives living at my address. I was able to record this phone call as I put him on speaker phone. + +> I have went to the police and filed a police report. They are going to try and trace the caller and has sent a police car to wait outside which I am very grateful for. All of my doors etc are locked and I have the officer’s phone on speed dial. + +> I just want to warn everyone about the dangers of Ledger’s recklessness. If there is a class action lawsuit I will gladly join and submit this as evidence. + +Thread here: https://www.reddit.com/r/ledgerwalletleak/comments/ki1nsz/received_phone_call_threatening_kidnapping_and/ + +It looks like the warnings about data and privacy around having hardware wallets sent to your home have come true. Bitcoin is unlike most other assets and is open to theft and threats like this. [This isn't the first nor the last time](https://github.com/jlopp/physical-bitcoin-attacks). Privacy isn't "just for criminals". Saying "if you have nothing to hide you have nothing to fear" is bullshit. + +To check if you're affected check: https://haveibeenpwned.com/ + +If you've been affected by the leak head over to r/ledgerwalletleak, it seems people are organizing a group lawsuit. + +edit: added link to check if you're affected +Rather than dwell over different situations and limitations, let's try to discuss these options as generally as possible. There are clearly many "what if's" here, and decisions that depend on specific situations, but I think we can still get some constructive discussion going. + +The general theme is designing a business for accelerating FIRE, or FI + low maintenance profitable business that provides your health insurance and other $$ benefits for you. This idea stemmed from an earlier thread where someone mentioned owning part of a hotel as an investment, and to also provide health insurance for their family through the business. + +Let's assume that you have the ability to create a small business, and for the purposes of this discussion it meets the needs of your current expenses, \[EDIT: ~~let's say 100k,~~\] PLUS an infinite amount extra for tax advantageous funding decisions. Any savings/retirement/investment account that has a yearly limit, you would theoretically be able to maximize. Remember, this is just a fun thought experiment. + +For organization's sake, I'm going to group some thoughts into the themes of *Retirement Savings*, *Health Care*, *Other Tax Benefits/Write-offs*, *Other Investment Benefits*. + +How would you maximize your household savings rate and transfer as much personal spending onto the business as legally possible? + +Some of these ideas may depend on if you are the sole owner of your business, if your spouse is co-owner or an employee, if you have other non-family members as employees or co-owners, the state or country that you live in, LLC vs S-Corp, etc. If that's the case, feel free to mention these assumptions in your response, but don't let them limit your creativity! + +**Retirement Savings** + +* The business maximizes the employer match ($37k per year) +* Employee maximizes their contribution ($19k per year) +* If your spouse is an employee they do this also. +* If your kids are of legal working age you could have them as employees and maximize their 401k too. Their salary could be used for things like food, clothing, and savings, but their taxable income could be $0 if fully offset by their 401k. +* Do you know of any other ways for cramming pre-tax money into your 401k plans? + +**Health Care** + +* Company provides employees with a high deductible health plan (HDHP) with a health reimbursement account (HRA) large enough to cover the whole deductible, or maybe even the maximum amount possible? +* The HDHP opens up ability to contribute to a health savings account (HSA). I believe the contribution limit here includes employee + employer contributions. (Self-only: $3.5k Family: $7k) +* Are there any other hacks or optimizations that are worth mentioning? + +**Other Tax Benefits / Write-offs** + +* I'm sure this largely depends on your type of business. For instance, I've heard that YouTubers can write off haircuts, beauty products, clothes, etc. if they're appearing in their videos. +* Have you heard of any other creative write offs? Would a company outing or "team building" vacation for a business be considered a tax write-off? + +**Other Investment Benefits** + +* Since you're in charge, you could design your plan to accommodate for post-tax 401k contributions to facilitate back door Roth IRA contributions. +* Can you think of any other investment related benefits you could get if you structure your business properly? + +Sorry this got kind of long! I'm hoping to learn all of your creative tricks and wish list ideas on how you could structure your own business for optimal savings and FI. + + +[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!* +I've been reading this sub for a while, and I thought I'd share some things I've recently found. + +Link2Labs is a website that lets you order your own blood tests without a doctor. The results come back with the standard range so you can see where you are at. If you don't have insurance and have a family history of something or don't feel well, this is less expensive than an out-of-pocket doctor's visit. If the results are scary or confusing, you can then make the appointment to consult a doctor. + +Also, Groupon has eye exam and glasses coupons. Comprehensive eye exam and $150-200 towards glasses for $50-60 depending on the vendor. + +I saw dental and chiropractic coupons on Groupon as well. + +That's all I have for now. If I find more I'll post again! +Hi , I am fairly new at investing and I am a student. I put 1k on the side , just to start off and test the waters. So far, Ive made 10$ (no big deal I know) but it left me wanting more. I was looking at Cineplex stocks recently and noticing the 70% drop since, you know what ,and so, I was wondering if anyone had invested in them or believes in them? +All I can say is wow - paid $30b USD for a company doing $100m EBITDA and pretty saturated in terms of user base in Australia. 20% dilution, but mkt does not care and up 10%? So it's effectively a $175b mkt cap ($275 share price x 635 diluted shares) - yea that's right - go and check how sneaky the anti dilutive shares are .... + +Dorsey just bailed out 2 smart Aussies and paid them $2b USD each. + +With the stimulus cliff now real, be prepared for weak Q3 21 results - no stimulus, no money in bank account of low income CashApp users! Toughest yoy comps - only Arkk and unsuspecting retail investors will keep buying shares at these levels, but it ain't going to end well. + +Fwiw, stock is on 35x Q2 21 sales i.e. with peak stimulus - one just needs to look at the balance sheet to see how flawed the thesis of Square disrupting the banks is - even with 35m actives, they have only gather $4b in deposits? Pathetic ... but makes senses - their cohort is low income and hardly saves. I can't see anyone from a well respected bank like Chase of Bank of America Prefered Rewards switching their primary banking relationship to Cashapp. + +Stimulus-driven tailwinds are done, and the music will stop - no wonder he had to buy Afterpay to plug the massive revenue hole that's about to come. +I just realized that crypto prices are different on different exchanges. As I write this, a certain altcoin is 6 cents lower on one exchange compared to another. What's stopping me from buying it on one, sending it to the other account, and quickly selling it? Do people make money this way? I would think that even with fees, money could be made if one wrote an algo to look for this. I can't be the first person to have thought of this. What am I missing? +I have developed a trading algorithm and back tested it with multiple tickers on TOS. From the exported strategy reports, the returns are 70-75% which does not include trading fees. How do I know this is indicative of a successful algorithm and would the next steps be to run it live? +Just curious on the progression some of you have had on your FI mindset over time. I started off finding this sub on a lunch break after a bad week at my first job out of college trying to find a way out. I noticed over time I’ve been going through different FI phases that may be relatable to many of you. + +For example I went from save every penny until I can hit leanfire -> let me chill out a bit and enjoy my life while I still try and be frugal -> don’t really think about money much, but am aware of where my money is going (still trying to be a strong saver) and focus more on doing things that I’d be doing anyways if I retired. Shifted from a retirement focus to a safety net focus. + +Probably the most common one I’ve seen: live frugally -> finally hit FI -> quit job and travel for 6months -> thought that all they wanted to do was travel and go through their bucket list -> tired of being on road and just want to stay home -> get depressed and realized they could have done bucket list stuff in free time while working, and realize a big part of their purpose previously was based on their job which they now quit-> self realization and realize FI wasn’t the complete answer to all their problems but can’t ever see themselves working again +I was 50% in on DRS when I transferred out two weeks ago. I did my part, and know all apes will follow through with DRS. + +But then it hit me on how important that other 50% is. While I know whales are among us, the x and xx hodlers are imperative to this process. 50% of our shares might be enough... But i'm not taking those chances. + +I'm going to proceed to call Fidelity and transfer the rest of my xx shares to ComputerShare. Following that, I will procede to purchase x share through IEX on Fidelity. + +Now, if you're not at least 90% with DRS, I personally believe your brain is telling you there's a chance MOASS isn't happening. + +WRONG. + +DRS your shares, leave x in Fidelity come MOASS if needed, and drown these FUCKING Short Hedge Funds. + +I personally believe that we can either wait on the sideline and we will (eventually) drown the shorts. + +But, i'd rather put the pressure on these sly fucks EVERY SINGLE DAY with DRS. + +My. Fucking. Shares. + +TLDR: Going 95% DRS minus x share on Fidelity, and fuck your shorts. (Edited for technicality) +link to scam comment - [CoinMarketCap](https://coinmarketcap.com/community/post/316296180) + +**as stated on etherscan, funds have been moved from the wallet, likely by scammer + +I know I'm an idiot, a dumb teen falling for something so stupid, but it's lesson learned, at at least losing $20 in ether wasnt the end of the world. main goal is to share this story for people unfamiliar with scams like this. + +I'm taking a peek at the CoinMarketCap comment section, right under ADA. Just doing some general browsing, until I come across a comment that basically says "woohoo! I invested in a coin that mooned, celebrating by giving away my metamask account with $590 on it", and the guy follows that with the seed phrase. + +Intrigued, I entered the seed phrase into metamask to find an account with $130 in tether, and $118 in USDC. This seemed too good to be true, I tried to withdraw but of course you need ethereum on the account to pay the gas fees. And conveniently, there was zero ethereum. I sat there thinking about how this could possibly be a scam, I thought "hey maybe no one did a withdraw because there's no ethereum and they don't wanna deal with the troubles", so I look at my KuCoin account and send over $20 in eth to pay the gas fees for tether. + +The eth shows up, I quickly go to withdraw the tether, but as soon as I get to the confirm page, it says I don't have enough eth to pay for gas fees. And to my semi surprise, the balance of eth went from my sent $20 back to zero. + +Though it might be a bug, no way someone at that exact moment did withdraw. But a quick peek at[ etherscan.io](https://etherscan.io/address/0x103a05a16a8105b6c102bf6a7310fee763641a75) shows that as soon as my funds arrived, they were immediately taken out, likely by a bot. In fact, I'm far from the first one. This account alone was used to scam $200 worth of eth from 6 different people. + +Needless to say I'm sad, but at least the loss wasn't too dramatic. i’m more sad about just giving the scammer free money. Wisdom is priceless I guess, I feel dumb for falling for that guys scam so easily, but I feel like this is a super next level scam from what I've seen. You literally gain access to that guys account, seeing all the funds there, thinking you're a gas fee away from adding $250 in stable coins to your main trading platform + +Is this scam new? If anyone wants the seedphrase to check out the account I can post it in the comments + +edits (addressing comments)__ + +- this could be seen as similar to a Nigerian prince scam, however the difference is that i had full control of the wallet, and no one asked me for money. sending crypto for gas fees was my own “intuition” + +- i wasn’t trying to steal, the guy posted his seed phrase as a giveaway in celebration for one of his investments mooning, as stated and linked in the post above. + +- APOLOGIES if this isn’t sophisticated to you, it was brand new and seemed well thought out to me. intention wasn’t to disappoint + +seed phrase of wallet: diesel zoo garlic amazing history original clever crazy glide ahead exhibit cycle (keep in mind that the wallet HAS been emptied, likely by scammer) +I was paying $71 a month for a 60Mbps Internet connection. My ISP was charging $39.99 for 100Mbps for new subscribers on a 2 year agreement. I called and asked if I could get the deal. The first rep said that the best he can give me is $81/month for the 100Mbps deal, since it was only only for new customers. I asked him to forward me to retention where I told the next rep that I've been a longtime loyal customer and the competitors were charging less than what I was getting offered. She right away set me up with the 2 year plan at $39.99/mo. That's great service right there! Make that call PF. :-) +Hi all, student loans are at the forefront of everyone’s minds right now with what is happening in the USA which has lead to this thought. + +Currently the indexing on our loans is and will be quite high, creating somewhat of an incentive to pay it off as the indexing will likely be above normal interest rates again next year. Previously there would be a 10% discount given for paying off HECS voluntarily in $500 or more batches. Why not bring this back in for a few years? The other benefit I see from this is that it will help to reduce inflation (probably not noticeably) but it’s less money circulating in the economy due to people being incentivised to pay the government back. I’m honestly not sure why it was ever removed, but now seems a good time to bring it back to me. +In a situation that would be humorously ironic if it weren't my money at stake, a title/escrow company completed the sale of my house last Friday and began a wire transfer of the funds. + +The signed contract had our correct account and routing information. However, the company reached out to my wife told us our ABA was incorrect and updated the routing number to something else. I bank with Schwab and they have a different ABA for brokerage accounts, so I believe they decided my fully-correct information was wrong because they saw the word "Schwab" and incorrectly assumed I wanted money deposited directly into a brokerage account (even though the account # has different length of digits). + +So that money went to "I don't know where." It's been 3 days since we realized the money wasn't going to show up, and the title company isn't being very communicative on their progress. + +What exactly are their options for getting my money back? Are they (and me) screwed? + +What should I be doing? I'm considering filing a police report and hiring a lawyer if this isn't resolved next week. + +**EDIT**: Quick update: They have "found" my money. It's funny how fast things are resolved when you tell them "I am now seeking legal advice on this matter, please only contact me via email so I can keep record." + + +Update 2: The money appears in my account! It might still be pending, but I can visibly see the number! +I’m Russian, currently living there as well. The Russian national bank recently announced that next month they will cut access to buying stocks from “unfriendly” countries for “unqualified investors". To get a "qualified investor" status you need econ higher education or more than 6 mln rubles portfolio, that's $100k. I'm not close to that yet. Selling will be allowed. + +Their stated reasons are infrastructural risks with western financial institutions like Euroclear that could freeze our assets at any moment. And this is true, they already froze some parts of Russian portfolios, including mine (I got away only with having a tiny bit of TAL locked lol). I still disagree with the bank’s decision because I’m willing to take a risk, but whatever, they don’t think I’m qualified, and I can understand that. They don't want to deal with a bunch of retail investors crying to them demanding to return money. + +So, my portfolio is basically 40%/30% RU+CN/Western papers, 15% gold and silver, and bit of RU bonds. My plan is to sell gold (and maybe eat a -7% on silver too) and around half or more of my Russian and Chinese stocks, most of which are in the green, throw this money at “unfriendly” stocks I like, and then maybe slowly restore my sold Russian positions while beginning to invest in ETFs on Western markets — yes, those will be available. But I haven’t researched the commissions Russian funds take and their terms yet. + +I have a high risk tolerance and am in a decent financial position to forget about that money for a long time. Would you do something different? What stocks would you pick now if you had this choice in a situation where DCA isn't possible? I have my ideas to research, but interested in what others think. +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! +I took my 14 yo son to an onsite (+ online) auction around the corner this morning. The auctioneer was aghast at the lack of bids. This place has an ARV around 600k (edit, 550k safer) assuming full gut, and sold for 345k. Unheard of here. What’s more, this is 6 acres of very prime location land, and subdivision plans are already approved. At 345k there is 200k+ in not too difficult upside here. A fantastic buy. But nobody wanted it. Buyers are spooked. + +A month ago at a courthouse steps auction in Towson, MD, no homes sold and the bank bought them all back (9 properties). The numbers don’t make sense, even for those desperate investors. Again the auctioneer was flummoxed. + +If this indicative of the deals around the corner in 1-3 years, it’s going to get interesting. + +[Link to auctioned property](https://www.ajbillig.com/auctions/upcoming-auctions/residential/Jacksonville-3519-Stansbury-Mill-Road-2022-06-17) + +Onsite auctions will get encroached on by online more and more. But for those I’ve been at, the online crowd is not too engaged in the bidding. Being there in person changes everything. +The EV market, and the entire car market in general, is riding an unsustainable bubble right now. People are buying cars they can’t afford, repo rates are through the roof, and the shortage of supply is leading to dealerships charging absurd markups for average cars. + +I really really hope a 2008 style correction happens soon, otherwise cars are going to follow the footsteps of housing in terms of unattainability. There are already 96 month auto finance options so only a few steps until we’re talking mortgage numbers + +It’s not that the financing *rates* for cars are terrible, its that cars are so expensive that the financing *terms* have had to skew *far* longer than a normal auto loan. + +It used to be that the average car loan was 36 months. Now, with cars so expensive, they've had to kick financing options out to *96 months*. Even at a low interest rate, carrying an auto loan for *8 years* is pretty ridiculous. + +Auto loan *rates* be damned, the cost of cars has gotten so inflated. + +How would one profit off a automotive market ”correction”? +I am finally in the position where I only have £6800 left to pay on my plan 1 student loan, and I currently pay off about £230pm from salary. I am in a position to save each month, but given interest rates are rising to 4% for plan 1 loans and I am almost certainly going to pay it off in full, is there any reason *not* to overpay now? + +Edit: thanks so much to everyone who's responded so far. The summary of comments is that there is a split between those saying to pay it off as the psychological benefits are worth it, and those saying not to as the financial security of having accessible savings is worth the negligible difference in interest (esp. as if you do lose your job, you don't need to pay contributions anyway). + +With that in mind I'm going to prioritise my emergency fund for now to get a good 6 months of expenses saved and then start overpaying. This sub is great! +Hi fatFIRE. I'm hoping to get some perspectives from the business owner / entrepreneur crew here on when to exit and when to carry on. I know there's not any hard and fast rules around this - which is what makes it so hard. + +I'm a business owner. I'm not very liquid, but have pretty good income. Company is growing, current EBIT is around $1.2m and increasing each year. I've been doing it for a while (11 years) to get to this point. EBIT was mid-six figures the previous few years. We're bootstrapped, so most cash is reinvested. + +General net worth snapshot of the major items: + +* PPOR: $800k (no mortgage) +* Investment Property Equity: $100k ($300k val/$200k mortgage) +* Equities: $120k +* Retirement accounts: $600k + +My business is in an in-demand industry, which is why it's growing so fast. Most recent M&A transactions for similar businesses are around ~6x EBIT, which would put a value on the business of around $7m. A corporate finance assessment we had done valued it between $6-$10m. So a huge chunk of my net worth is tied up in the business. It's generated more profit each year, yes, but I also have a fear that something could go wrong majorly. + +I daydream with my wife about cashing out, moving close to the beach and living off the returns from investing the proceeds of sale. It sounds like a fantasy life, and it's within reach for us. Surfing, walking the dogs, spending more time with the kids. No stress. + +However, I do enjoy what I do. It's exciting running a business, but also extremely hard work at times. It takes me away from family - not too much mind you, but it still does. And I'm worried I'd be a fool for giving up an asset that, while lots of work, is growing in value and generating good cash. I may not be able to replicate this success if I get bored at the beach and try to do it again. Social status is also a real thing. I think I'd lose a lot of that if I didn't run the business. + +I'm curious to hear - what choice did you make? Are you still running your company? At what stage did you exit, or are you hanging on until? +I'm 42 years old, NW of approx $2.5M, recently promoted to regional president for a Fortune 50 company. Making approx $350k for the past 3-4 years and \~$500k going forward (with bonus, equity, etc). In addition to my public equity holdings, I have 5 rentals (not AirBNBs) in a major, high demand metro area. My current plan is to be in acquisition mode for the next 5 years to reach 20-25 doors and then start to pay them down to generate cash flow. A short while after that starts, I hope to retire as they continue to pay themselves off and snowball more cash flow. + +What are the flaws in this approach? Am I thinking too small? + +Is it better to save up $400-500k in the next few years and just make the leap asap to a 8-12 unit complex? + +Thanks! +About a year ago I [posted](https://www.reddit.com/r/personalfinance/comments/5x40uw/23_first_real_job_out_of_college_need_help/) asking about how to finalize my financial plan. I received a lot of interesting feedback, but the [one](https://www.reddit.com/r/personalfinance/comments/5x40uw/23_first_real_job_out_of_college_need_help/def1xqv/) that stuck in my mind was from /u/mormengil + +> Right now, your energy and creativity would pay off a lot more if it was focused on building your career and your income, rather than optimising your investments. + +I took this to heart and spent the last year pouring myself into work. I found myself in one situation after another that gave me opportunities to perform and show my worth. In January I got put on a huge project that gave me responsibilities way above my pay grade. + +I've been constantly the youngest and least experienced person in the room for meetings on this project. With this advice rattling in my head, I leaned on my peers and used the opportunity to grow and learn as a scientist - both personally and for my company. A year ago I was relatively new, constantly asking questions. Now I'm seen as a resource around the office - a co-worker forwarded me a question about something I wasn't working on because "you know everything." + +The other day this all paid off: I got a promotion and a 16% raise. + +Thinking about this as an investment, this is about in line with what $SPY has done in this time period. But that's not the true benefit. I'm one rung higher on the ladder and, more importantly, I've gained invaluable knowledge, respect, and connections that will continue to serve me positively as I move forward in my career. + +IRAs and 401ks are obviously important, but don't forget your most important asset: yourself. Invest there, and it'll pay off. +I just don't know what to do. I keep my place as clean as you possibly can with a toddler running around. I've called my complex and reported multiple times how bad it is here. They send out pest control every few months and spray something but it doesn't seem to do anything except cause them to go into a frenzy for a few days, then they're still here. I feel so disgusted living here. I understand that living in low cost apartments, you're going to find some roaches but this is just out of control. My coffee maker and microwave both are ruined. Everytime I wake up im scrambling around the kitchen trying to kill 6 huge roaches at a time. I can't afford to fucking move anywhere else and I'm pretty sure they're raising rent on us when we renew our lease. Fuck me lmao +The company's average revenue growth for the past 5 years is 10% + +TTM revenue jumped 30% from 1.73B to 2.26B USD. + +They have been constantly buying back shares. They have a low price to free cash flow and price to earnings multiple. Net income is increasing year over year and they have great margins over 60% which makes me inclined to think that they are a good business. + +But the only problem is I cannot seem to understand on how they manage their negative equity to shareholders? Total assets are 883M and Total Liabilites are 1.32B for the past quarter. + +I am hesitant to invest under these circumstances. The only other company that I know of which has a negative equity is "HPQ" + +So how do you go and value a company with negative equity? +I’ve been a member of this subreddit for a while, and love all of the interviews and articles that are published here on a daily basis. I’m primarily a real estate investor, but I have holdings in the stock market as well. I consider my investment knowledge to be above average, but there has always been one thing I never understood in Peter Lynch’s interviews. + +I’ve watched numerous interviews with Peter Lynch and I’ve heard him say multiple times “If anyone can predict interest rates three times in a row, they’d be a billionaire”. + +This has never clicked with me. What is it about predicting interest rates that could lead to such a great fortune? + +Any feedback would be much appreciated. Thank you! +I forgot who it was…I was listening to it as I was falling asleep. He said something along the lines of: imagine that this was your job and that you were managing other peoples money, and that you had to explain your rationale thoroughly for the investment. If you wouldn’t do it then, you shouldn’t do it with your own money. + +Although I agree with the notion that one can afford to be a bit more risky with their personal portfolio, this framework is quite powerful. + +Thought I’d share. Cheers +As we know integrity is extremely important, probably the most important indicator for management who will perform in the best interests of shareholders. Buffett quote: "We look for three things when we hire people. We look for intelligence, we look for initiative or energy, and we look for integrity. And if they don't have the latter, the first two will kill you, because if you're going to get someone without integrity, you want them lazy and dumb". + +**I'm sorry for the long read** but I couldn't explain the point any shorter. + +Buffett and Munger has pointed out that EBITDA is a manipulative way for management to highlight a company performance to investors because obviously interest, taxes, depreciation, etc are all a real expense. When management says that EBITDA or Adjusted EBITDA represents operating performance and classifies the other expenses as 'non operating' is crazy. However, I can't quickly conclude that this is a sign that management isn't honest because it seems to be the norm with how management highlights earnings with majority companies. And if anyone has read or listened to Charlie Munger's 'The Psychology of Human Misjudgment', the CEO highlighting EBITDA or Adjusted EBITDA earnings may just be falling for the Social Proof Tendency trap. 'Most CEOs are reporting this so why shouldn't I'. + +However, one way to find out if management is just following the norm or if they are consciously trying to manipulate you is if management consistently uses the same 'Adjusted' definition or not. You can look at past annual reports (most preferably dating back to when the CEO got hired) and see if management how defined it the same and has changed definitions. If management has changed definitions, then assume they are really hiding something. For example, say last year management decided to use adjusted EBITDA last year and have ***not*** added back stock based compensation expense in their EBITDA calculation. Also let's say that management uses a straight line depreciation method of 20 years for property & equipment. Then this year, the management has added stock based compensation expense in their EBITDA calculation and used a 30 year straight line depreciation method. If management has at any point changed their definition of 'Adjusted EBITDA', you can probably assume that management has energy and intelligence (intelligence depends on how deep investors navigate the annual reports) however lacks integrity. **Especially,** if they are receiving stock based compensation for growing EBITDA earnings. The CEO is obviously manipulating the numbers to try and increase the stock price, especially if they are receiving compensation in stock options. (They can buy stock at a discount and sell immediately). + +However, if the CEO or management has used the same definition over their tenure at the company, they are likely honest but probably just suffers from 'group-think'. However, if they are getting stock compensation for increased EBITDA earnings than I would still believe they are manipulating. In the worst case scenario, I would want management who isn't very intelligent, but has energy and especially, integrity. If the business doesn't do well overtime then it is because management is dumb. However, a smart, energetic, and a dishonest management team who hopes investors don't pick up on little subtleties so they can rip off investors (especially by receiving stock based compensation), will do nothing but dilute your ownership and rip off investors. These managers will also be incentivised to take on unnecessary debt (since it won't affect EBITDA growth anyways) and try and engage in bad mergers and grow the business inefficiently just to grow EBITDA. The power of incentives is another trait that causes human misjudgment according to Munger. Munger also talks about applying a multidisciplinary approach when making a decision and this method includes both accounting and psychology. + +I'm not sure if this will read right but I hope it made sense. +[https://gabegnuch.substack.com/p/research-swbi-smith-and-wesson-brand?s=w](https://gabegnuch.substack.com/p/research-swbi-smith-and-wesson-brand?s=w) + +I would appreciate a read of my first ever analysis on SWBI. This is more a growth then value, considering I am not doing a DCF on this company as its to sporadic. +This week's casual valuation is Duolingo, a company that's very close to my heart offering a great language learning experience that is universally available. I am a huge proponent of free knowledge and I try to contribute to that as much as I can. All of these posts that I share weekly are free (and will continue to be that way). I strongly believe knowledge should be easily accessible to everyone. + + + +The post will be divided into a few segments: + +1. Understanding the business +2. Understanding the historical financial performance +3. Laying down some assumptions to value the company +4. Valuing the company based on assumptions significantly different than mine + +**What is Duolingo?** + +It's a technology company that wants to develop the best education in the world. At the moment, a more accurate description would be that it is a gamified language-learning platform offering over 40 different languages. What will come next, is to be seen. We could see mathematics, physics, and a lot more diversified content in the future. + +As for the language-learning part, they are not alone in this field. There are plenty of ways to learn a new language, starting from YouTube, attending formal classes with tutors, to reading books and other similar apps. So, how is Duolingo different? + +It's more personalized and provides a different and more fun user experience that guides the user through this journey. The user is not only engaged but also gets instant feedback. As a user, whether you've got it right or wrong, you are aware of it and can take action. + +As a company, it has a significant amount of data that it can use to test and figure out what works and why. Similarly, the data can be used to understand what mistakes are most often made and help the users overcome these mistakes. + +So, how does it make money? There are 4 different revenue sources: + +\- Subscription (74%) - Those users that would like an ad-free experience can subscribe to their platform and get other features as well. This is by far their largest revenue source + +\- Advertising (15%) - Users that cannot afford or aren't willing to pay for the content watch advertisements. They do not pay money, but they do pay with their time. Duolingo is monetizing these users as well which is great. Dropbox has a ton of free users as well, however, they don't earn anything from them as there are no ads. In addition, they need to pay for the storage, so the free users that Dropbox has, are destroying value over time. + +\- DET (9%) - It stands for Duolingo English Tests - an English proficiency assessment and it is their fastest growing segment at this moment. This is being more and more accepted by universities, but also can be used as part of a resume/CV for those who would like to show their proficiency. In addition, it costs roughly 1/4 of what their competitors charge. + +\- In-app purchases (2%) - related to additional features such as streak freeze/repairs, etc. + +&#x200B; + +In each of these segments, Duolingo has growth plans. In the end, it all comes down to: + +\- Getting more users + +\- Converting more users from free to paid + +\- Increasing the lifetime value of the subscribers (by keeping them subscribed for a longer period of time) + +\- Expand adoption of DET + +\- Extend the platform beyond language learning + +&#x200B; + +**Historical financial performance** + +So, how well did they do until now? + +The # of monthly active users grew from **27.3m** back in 2019 to **49.5m** as of June 30th, 2022. + +The # of daily active users grew from **5.2m** to **13.2m** for the same period. + +The # of paid users grew from **0.9m** to **3.3m**. + +Their penetration rate (Paid users / monthly active users) increased from **3.3%** to **6.7%**! + +&#x200B; + +This growth reflects in their financials, as the revenue grew from $71m in 2019 to $306m for the last twelve months ("LTM") ending June 30th, 2022. The LTM revenue is still roughly 10% of their market cap. + +Their gross margin grew from 71% to 73% during this period, but isn't sufficient yet to cover all the other operating expenses: + +\- Research & Development (was **45%** of revenue back in 2019 --> **40%** LTM) + +\- Sales & Marketing (was **21%** of revenue back in 2019 --> **20%** LTM) + +\- General & Administrative (was **23%** back in 2019 --> **37%** LTM) + +It is clear that the company isn't profitable, but the general & administrative seems too high. That's mainly due to IPO-related expenses. It will decrease as % of revenue in the coming period. + +As they are working on diversifying content away from languages, they are pouring a lot of money into R&D. All of the expenses are expected to decrease significantly over time. + +&#x200B; + +**The balance sheet** + +As it is a technology company, there isn't really much on the balance sheet. Almost 85% of their entire balance sheet ($591m / $701m) represents the cash that they own. + +On the other side of the balance sheet, there isn't much to discuss, except the unearned revenue of $128m. This represents the cash that Duolingo has received from users that have paid in advance for using the platform in the future. For example, if someone purchases an annual plan today, Duolingo will get the cash today, but the service will be provided over the next 12 months. Hence, the company does not recognize the revenue today, but over time. + +&#x200B; + +**Assumptions about the future & valuation** + + My assumptions: + +**- Revenue growth** of 25% for the next 5 years, then declining to 10% by year 10 and then to 4% afterward (same as the risk-free rate). + +**- Operating margin** of -20% for the next year, improving to -5% in year 5 and ultimately to 25%. + +**- A discount rate of 12.92%** (WACC-based), decreasing to 11.31% over time (assuming the company becomes more mature and hence, less risky) + +&#x200B; + +There are two classes of share, each one with a different number of voting rights. Since this has an impact on the control of the company coming from owning these shares, I've applied a 15% discount for lack of control. + +Based on these assumptions, the fair value is $1,5b **($37.45/share)** + +The current market cap is $3,1b ($78.31/share) + +&#x200B; + +However, out of the $1,5b, only $72m is due to the present value of the cash flows in the next 10 years! The majority is based on the value that the company generates afterward as a stable, mature, profitable company with more users and diversified content. + +Hence, the fact that it is trading below what I consider intrinsic value is justified to some extent. Duolingo has a long way to profitability and it has to prove that it can succeed in other areas, not-related to language learning. + +&#x200B; + + **What if my assumptions are significantly wrong?** + +&#x200B; + +Based on the assumptions above, the revenue will grow by 539% to $2b in 10 years and the operating margin will be 25%. + +I am aware that my assumptions could be significantly wrong. So, let's take a look at how the value of the company (per share) will change based on different assumptions regarding the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|350% ($1,4b)|$20.5|$26.0|$31.1| +|539% ($2,0b)|$29.7|$37.5|$44.7| +|650% ($2,3b)|$35.1|$44.1|$52.6| +|1000% ($3,4b)|$51.9|$65.2|$77.0| + +&#x200B;