diff --git "a/reddit_finance_43_250k_279.txt" "b/reddit_finance_43_250k_279.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_279.txt" @@ -0,0 +1,10000 @@ + +The table illustrates how much the company needs to grow and how high should the operating margin be so that it is fairly valued today. + +Personally, I love everything about the company, except the price. It has a great mission, the management team is doing a good job, it is the best platform out there that I know of, and the users are engaged. + +I am definitely excited about its future and I would love to have it in my portfolio one day. + +&#x200B; + +What are your thoughts about Duolingo and its valuation? +Airbnb went public on December 10th, 2020, which is not that long time ago. The IPO price was $68/share and on the first day, it opened at $146. This already points to the fear of missing out to invest in a company that disrupts an industry as the demand was incredibly high. + +In this relatively short period, the stock price was very volatile moving from $130 to $220 a couple of times. For a company that is highly dependent on traveling, to go public in the middle of a pandemic is definitely brave. Currently, the market cap of the company is at around $106b, but let's round it down to $100b and we can refer back to it. + +In this post, as in all of the previous ones, I'll do my best to provide an in-depth analysis of the company's fundamentals and at the end provide calculate its intrinsic value based on certain assumptions. + +For those that prefer to watch the video, the link is below: + + [https://youtu.be/lWlWqx\_Cozg](https://youtu.be/lWlWqx_Cozg) + +**How does Airbnb make money?** + +We can divide the company into two operating segments: + +**Segment #1** \- Marketplace that connects hosts and guests (both groups are customers of the company) - This is what the company is known for. + +It gets 3% flat-free from the hosts and anywhere between 6% and 12% from the guests. The average take-rate has been around 13% of the gross booking value. The total addressable market is estimated at around $2 trillion: + +\-$1.8t is related to short-term stays. + +\-$210m related to long-term stays + +There's no doubt that this is a disruptive business as it provided value to both the hosts and the guests. On one side, the hosts have an easy way to set up their business and make money from their property that is not being used. + +On the other side, the users have more affordable alternatives to choose from. + +**Segment #2** \- Marketplace that connects experience hosts and experience users. + +There has been an attempt to sell this as an important part of their business and their take-rate, in this case, would be around 20%. I did some research to figure out what kind of experiences are available around my area and in some major cities and I was not very happy with the results. The most common ones were restaurants and photoshoots. It is clear that the first segment is disruptive, but I am fairly pessimistic about this one. There are plenty of alternatives to find what to do in a given place and when it comes to restaurants, I would say Google Maps is one of the go-to place as it has lots of reviews as well. + +Although the total addressable market is $1.4t, I am not confident that Airbnb can capture a significant portion of it. Of course, I could be wrong. + +**How did they perform in the past?** + +Let's start with the gross bookings, which is the value of the services provided through their platform. In 2017, there were roughly $20b gross bookings and this amount more than doubled to $41.5b for the last 12 months (ending September 2021). + +Their cut is around 13%, so the revenue that the company brings increased from $2.5b in 2017 to $5.3b for the last twelve months. That means the company's currently trading at over 20x Price/sales. Of course, it is too early to draw any conclusions, there are plenty of pieces of the puzzle to put together. + +**What about the margins?** + +The first costs that they need to cover are the direct costs, in this case, payment processing fees, costs related to 3rd party data centers that are used to host the platform, and community (customer) support. Historically, they've been around 40% of the revenue, which brings the gross margin to 60%. The economy of scale can definitely kick in here and I would not be surprised if the gross margin increase to 70% over time. + +After that, there are 3 operating expenses that need to be covered: + +\- Product development (16% of revenue in 2017 to 59% LTM) + +\- Sales & Marketing (34% of revenue in 2017 to 28% LTM) + +\- General & Administrative (13% of revenue in 2017 to $25% LTM) + +\- Restructuring (0% of revenue in 2017 vs 2% LTM) - During 2020, Airbnb reduced the # of employees by 25% + +If we deduct these percentages from the gross margin, we can see that in 2017, they had a negative operating margin of 3.2%, while for the LTM, it is negative over 50%. This is not surprising as the pandemic had a huge impact. + +So, looking into the future, there are three main questions to answer: + +**Question #1 How quickly can the company grow the top line?** + +The analysts are forecasting growth between 12% and 32% for 2022. My assumption for the next twelve months is 30%. It might seem that I'm on the high end, however, as my base year, I have the last twelve months up to September 2021, so I'm forecasting 1 quarter of 2021 and 3 quarters of 2022. + +After that, I'm forecasting 20% growth in the next 5 years and then slowly decline to the risk-free rate (1.93%). By then, the company's revenue will grow 315% to $22.1b. If we assume a take-rate of 14%, that brings the total gross bookings to almost $158b, which I think is a fair portion of the total addressable market. Let's not forget that the current market cap is $100b, that's 5x my forecasted revenue in 10 years. + +**Question #2 What is the operating margin that can be expected?** + +Airbnb operates as an intermediary and if we take a look at Booking, they have an operating margin of 35%. In my model, I am assuming that Airbnb will be improving the operating margin over time and will get to 30%. + +**Question #3 How much will they reinvest?** + +I've forecasted a relatively high sales/capital ratio of 4. The reason behind it is, Airbnb doesn't need to invest in heavy machinery in order to grow nor to provide the service to more users. A lot of the reinvestment is already done through their expenses (product development and sales & marketing) + +**DCF valuation** + +The assumptions related to the revenue, operating margin, and reinvestment are already provided above. The discount rate used is based on WACC and it amounts to 8.15%. + +Based on these assumptions, I got a fair value of $79.9/share.If compared with the current market price, it seems overvalued from the very beginning. Let's not forget, the IPO price was $68/share and it is hard to believe that it was significantly mispriced. + +**What if the assumptions are significantly incorrect?** + +Let's take a look at different scenarios in regards to the revenue in 10 years & operating margin: + +&#x200B; + +|Revenue / Op. margin|25%|30%|35%| +|:-|:-|:-|:-| +|250% ($18.6b)|$57.2|$68.3|$79.3| +|315% ($22.1b)|$66.8|$79.9|$92.9| +|450% ($29.3b)|$85.5|$102.5|$119.6| +|550% (34.6b)|$99.3|$119.3|$139.4| + +There are plenty of pieces in this puzzle, so feel free to contribute in the comments below and let me know if I'm missing something or if you agree/disagree. +http://www.arabianbusiness.com/saudi-groundwater-will-run-out-in-13-years--621171.html + +> Saudi Arabia’s groundwater will run out in the next 13 years, according to a water expert at King Faisal University, reported the Saudi Gazette. +A faculty member at the university, Mohammed Al-Ghamdi, made the announcement following an issued report by the World Bank on global natural water scarcity. +“Official estimates have been disclosed showing an acute drop in water levels in agricultural areas, and that indicates the seriousness of the situation,” said Al-Ghamdi. +**The drop is largely due to agricultural consumption, which makes up 95 percent of total usage.** Industrial and human consumption make up the remaining 5 percent. + +> **Saudi Arabia relies mainly on its groundwater, which accounts for 98 percent of its total water sources**, and water from desalination plants. +According to Al-Ghamdi, the depletion causes a threat to main crops like wheat, barley, forage, and fruits, which use large amounts of water. +He said the only way to solve the problem is to renew groundwater. +Prince Faisal bin Bandar, governor of Riyadh, also called for the conservation of water as well as energy, another excessively used resource in the Kingdom. +“Water and electricity are very important to each and every one of us. Let’s conserve them and use them properly and wisely,” he said at the Saudi Forum on Water and Electricity on Sunday. +However, Saudi’s Water and Electricity minister said the country will need an investment of $133 billion (SR500 billion) for power projects over the next 10 years to cope with rising demand. + +Guess they'd better hope oil prices head north of $100 soon... +Remember Bernie Madoff, he had pension money (From memory a big Fairfield pension fund among others). Most pensions can’t invest in long/short hedge funds. Shorting is deemed too risky for most pensions. + +Now are there some stupid pension funds at citadel? Probably? But when the media says this can hurt pensions, that’s FUD to make you feel bad and question your decisions. + +Heres my take, any pension fund who has money with a long short fund is not Fulfilling their duty as plan administrator and it’s on them. Not fair to them, but why invest the pension in a long/short fund buddy? + +I don’t have a super high level of education and even I know that. + +So the next time the media points this out - understand it’s Probably FUD and 99pct of the clients at citadel are Probably ultra wealthy ass hats who bought in to a pitch of “we can fuck the peasants legally” and can totally afford the risk and losses they took. + +So don’t feel bad. Remember you helped save a company that was the victim of illegal manipulation and financial engineering. + +Holding and buying GME, educating others and spending money at GME is the way. But most importantly - ignore the FUD! + +HEDGIES ARE FUKT! + +Edit - fixed up some grammar, minimal changes - thanks for the awards apes! +Coca-Cola announced Monday it has bought full control of sports drink maker Bodyarmor for $5.6 billion, making it the company’s largest brand acquisition to date. + + + +-Owning Bodyarmor helps Coke gain market share in the sports drink category, although PepsiCo’s Gatorade is far and away the market leader with roughly 70% market share. + +-Coke bought a 15% stake in Bodyarmor in 2018, becoming its second-largest shareholder. + +https://www.cnbc.com/2021/11/01/coca-cola-buys-full-control-of-bodyarmor-for-5point6-billion-.html +http://hosted.ap.org/dynamic/stories/U/US_WAL_MART_STORE_CLOSURES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-01-15-09-18-12 + +Seems like another sign of global economic slowdown. Dow down huge this morning +Guten Tag to this global band of Apes! 👋🦍 + +Apes, this moment in time within the GME Saga feels so *charged*. The next few weeks were already going to be watched closely, but the incredible numbers of FTDs that have been unveiled amplify the stakes to a new level. Paired with a massive and prolonged price attack, I am wondering what they are trying to achieve here. Do they think they can get us to sell? Are they trying to reduce their margin requirements? + +The Apes aren't selling. I do suspect that there may be some who overextended on margin and have been hit by the dip, but that is something that many knew to watch for and most have avoided using margin. I keep seeing these 10% dips and hitting the buy button, to the point that somehow I've added 512 shares to my collection over the past week. As Apes continue to DRS our dip-shares, the SHFs are going to be desperately trying to cover their FTDs... it's going to be quite an interesting few weeks. + +Today is Wednesday, January 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: **$107.58 / 94,65 €** *(volume: 4806)* +- ⬜ 115 minutes in: $107.56 / 94,62 € *(volume: 4796)* +- ⬜ 110 minutes in: $107.56 / 94,62 € *(volume: 4784)* +- 🟩 105 minutes in: $107.56 / 94,62 € *(volume: 4777)* +- ⬜ 100 minutes in: $107.17 / 94,28 € *(volume: 4659)* +- 🟩 95 minutes in: $107.17 / 94,28 € *(volume: 4535)* +- 🟩 90 minutes in: $106.90 / 94,05 € *(volume: 4449)* +- 🟥 85 minutes in: $106.74 / 93,90 € *(volume: 4204)* +- ⬜ 80 minutes in: $107.19 / 94,30 € *(volume: 3881)* +- 🟩 75 minutes in: $107.19 / 94,30 € *(volume: 3543)* +- 🟥 70 minutes in: $107.13 / 94,25 € *(volume: 3487)* +- 🟩 65 minutes in: $107.19 / 94,30 € *(volume: 3471)* +- 🟥 60 minutes in: $107.13 / 94,25 € *(volume: 3317)* +- ⬜ 55 minutes in: $107.25 / 94,35 € *(volume: 3018)* +- ⬜ 50 minutes in: $107.25 / 94,35 € *(volume: 2974)* +- 🟩 45 minutes in: $107.25 / 94,35 € *(volume: 2908)* +- 🟥 40 minutes in: $107.19 / 94,30 € *(volume: 2862)* +- 🟥 35 minutes in: $107.60 / 94,66 € *(volume: 2780)* +- 🟥 30 minutes in: $108.77 / 95,69 € *(volume: 1718)* +- 🟥 25 minutes in: $109.33 / 96,19 € *(volume: 1262)* +- 🟥 20 minutes in: $109.37 / 96,22 € *(volume: 1224)* +- 🟥 15 minutes in: $109.37 / 96,22 € *(volume: 460)* +- 🟥 10 minutes in: $109.39 / 96,23 € *(volume: 446)* +- ⬜ 5 minutes in: $109.41 / 96,25 € *(volume: 379)* +- 🟩 0 minutes in: $109.41 / 96,25 € *(volume: 349)* +- 🟥 US close price: $108.91 / 95,81 € *($108.99 / 95,88 € 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 1.1367. 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! +Started trading in July. Started with high of day momentum plays. Then tried options trading the SPY. Tried futures after that. In total I’m down 15k. Saying I’m frustrated is an understatement. Is it time to quit and save what money I have left? +Good Morning Apes! + +Welcome to fail date number 2 of my Futures Failed Cycle theory. Today marks the end of the second T+35 cycle starting on 9/17 which was the September Futures Expiration Date and Quad-Witching. I am expecting a larger number of FTDs on this part of the cycle than we saw previously on the 13th. They should have until market open tomorrow to cover these. + +Here is the expected price action for today... + +[High 196.92 \/ Low 190.17 \/ Volatility Peak 212.69 \/ Support 184.19](https://preview.redd.it/xh1lgqrvtsu71.png?width=2462&format=png&auto=webp&s=d751c66cddfa2511226dc7b0d3876ac5b4452b8b) + +*\*This is just to give a rough estimate of where we will likely see the majority of our volume trade today and an idea of how high we could spike if they cover FTDs, I'll note with the bid/ask as wide as it is, it's possible we could go higher however with FTDs 87% lower than last year's corresponding cycle I do not expect this.* + +Here is where we are in the cycle currently + +[GME 1D ](https://preview.redd.it/2nwwuiikxsu71.png?width=1608&format=png&auto=webp&s=a272d949f80660be891699cd99125efc20298ebd) + +For more information on this and my futures theory please check out my weekly DD. + +Check out this weeks analysis here: [Weekly Analysis](https://www.reddit.com/r/Superstonk/comments/qa8xem/jerkin_it_with_gherkinit_week_1_futures_wrapup/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Well we had a solid run right out of the gate and I may have gotten a bit carried away with myself. But It does appear that covering occurred but definitely not at the levels I expected. I do think they covered more in that midday volume spike when we went from 800k to 1.6m volume in 30 minutes but with only $4 of price improvement. So I know FTDs are far lower this cycle but I still would have like to see a test at $200 at the minimum for confirmation. If there are any more FTDs from today that need covered they have until market open. As for tomorrow, ETF APs have an additional day T+3 vs. T+2 so we may seem some covering from the massive amount of ETF FTDs but I have a hard time believing they would let it run on a Friday. Thank you all for following along, I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/2wh45ahh2vu71.png?width=701&format=png&auto=webp&s=7beda789107703396cd809179e1056ea2254bc0a + +Edit 6 1:54 + +Failed to hold the resistance at 183 pushing down below max pain now. next resistance at 180. + +https://preview.redd.it/wzwo90xvduu71.png?width=1592&format=png&auto=webp&s=fe824c5d229565737051bc6c282cafded78d2497 + +Edit 5 12:57 + +t-12 minutes to 12:69 and we have an ascending dolphin into a jacked tittie on the 1m...bullish. Or it's a head and shoulders. + +https://preview.redd.it/rxxguflp3uu71.png?width=1594&format=png&auto=webp&s=32bfa3c6072599d243ae833066e92967b75a0a9f + +Edit 4 12:26 + +Massive volume coming coming in consolidating right before the 30/60 cross to the upside + +https://preview.redd.it/1m61p0rcytu71.png?width=1597&format=png&auto=webp&s=183e8acfbdcdae1a05814d504d4e98c56856af1c + +Edit 3 11:39 + +Shorting coming in on the market downtrend, I see this as either they covered whatever FTDs needed to be covered on the run to 190 this morning or they are driving the price as low as possible before covering. + +https://preview.redd.it/vt1n0buxptu71.png?width=1608&format=png&auto=webp&s=16dced1bc2b8ec4d5f3fddafaf27d5c2e30ddc64 + +Edit 2 10:17 + +Double bottom on the EMA 60 after that rejection at 190 + +https://preview.redd.it/m8elbt72btu71.png?width=1603&format=png&auto=webp&s=a6358f1bee92ebb87a48acd0a5da510047cb10cc + +Edit 1 9:52 + +My ego actually couldn't be bigger right now, for those that doubted 👀 + +https://preview.redd.it/66glhn2q6tu71.png?width=1606&format=png&auto=webp&s=ae15e595b2c8f17af4529cf72a07c405aa0ccf7b + +# Pre-Market Analysis + +I feel like this may be our lowest pre-market volume to date feel free to correct me in the comments but right now at 8:48 we have 2.32k. IBKR with 35k Available to borrow and Fidelity sitting on over 1M. I'm not sure why we are seeing such a significant increase in Fidelity shares to borrow currently but are now up 400k over yesterday's low. I expect a morning short with 125k shares borrowed at market open. + +[GME flat in the pre-market on the 1m](https://preview.redd.it/lno41gb7xsu71.png?width=1613&format=png&auto=webp&s=50579df010e4cd9877c894abe336385694eadcd3) + +TTM squeeze throwing it's 4th consecutive fire signal on the 1D + +[TTM and BBKC stacking fire signals](https://preview.redd.it/itab7y2ywsu71.png?width=2452&format=png&auto=webp&s=82a464ff0fcea25cd74347cd6c1dbbf53467d19e) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I am now making more from passive income from my stocks than from my salary, and am considering quitting and moving country. (currently live in the UK). Which places are nice to live and have very low capital gains taxes? I am considering Monaco for one place. What else should I consider? +For me, it was in mid 2017 when I was working at a startup as their marketing head. I loved what I did, which was digital marketing, a field evolving at a fast pace at that point and thus involved a lot of creativity, and so work satisfaction. + +But then at the same time, as I was exploring affiliate marketing, I started getting exposed to blogs on how to make money/passive income online. Also, Fiverr which I used as a client initially showed me how some top freelancers on Fiverr are earning good money, while having flexibility of time to work. + +I missed that in my startup job, that flexibility to work and the possibility of earning even when you're sleeping. Also, I read Tim Ferriss's 4 hour workweek and got to know how new rich are living their lives. They had optimized money not for superficial materialistic goals, but for having complete freedom over their time and lives. Having total freedom to work on whatever they like, whenever they like, from wherever they like and with whoever they like. + +At this point, I started thinking seriously about achieving financial freedom, and as I started exploring it on the web, I came across this subreddit and FIRE. + +What's your story? +Hey everyone! + +So, my girlfriend was waiting for her company to get dental and they still haven’t. This stressed her out so she decided to just pay for a cleaning out of pocket. She went, got the cleaning, setup next appointments and came home. + +They told her she needs minor work, nothing too concerning or pressing, and it will cost her $1000 per appointment, 3 appointments before the end of the year. They shotgunned them for her and talked her into the private plan with their office (each appointments is still $800 with a $300 entry fee, better, but not by much). + +I told her to cancel them, get private insurance or something, then go to a new dentist but she’s convinced this is “what you’re supposed to do.” + +Is there another option I can provide her that is better? Let me know, thanks! + +EDIT: wow, thank you all so much for everything! She came home and read through the comments and now understands that this isn’t right. You have saved us a ton of stress and monetary loss ans I cannot thank you enough! +Statera is a deflationary index fund catalyst. It works by being inserted in multiple different liquidity pools with an AMM (autobalancing pools). Because of the deflation there will be constant imbalance meaning the volume is much higher than in other regular liquidity pools. The wrapped version of Statera (which doesn't burn itself directly) is in a pool with regular Statera on Uniswap. Whenever an event of autobalancing occurs that includes either Statera or Wrapped Statera, there will be a ripple effect throughout the entire Statera ecosystem and all the pools creating more volume everywhere. This also creates arbing opportunities out of thin air, which in turn leads to even higher volume. Prior to Statera the deflationary tokens have failed because they haven't had a purpose, this is not the case with Statera as the deflation is both genius and crucial to how and why the ecosystem performs so well. The deflation also works on a macro level as the supply decreases (will never reach absolute zero) increasing positive price pressure of the token itself. + +Seems too good to be true? What about the contract and the devs? The contract is fully audited and IMMUTABLE. The dev team own less supply than some of the top holding wallets, after a flash-loan attack that happened on Balancer where they refunded 2M USD worth of tokens. They didn't have to do this, they were fully anonymous and Statera was a small cap project, yet, they did it. + +Are you wondering why the price dropped so much before it just now started taking off again? There was a whale with 6M tokens who dumped all of it over the course of months. As soon as he was done price did a 4x up to 0.12 from 0.03, but another unfortunate event happened as a Statera whale with 900k tokens downloaded metamask as a .exe file and got scammed for all his tokens. The scammer sold all tokens in a matter of days which caused price to drop back down to 0.05-0.07 cents for a while. It's one of the most if not THE most battletested and most decentralized token out there. It has survived everything and the community (consisting mostly of 4chan's /biz/ users for now) has started calling it "unkillable" and "inevitable". + +Quoting the Balancer devs "Statera works so well it's almost like it's gaming the system". +Like the title says, I have about $300,000 and I would like to invest it in such a way that I earn some passive income. I have a TFSA and a margin account with Questrade. I'm in Ontario. No job right now and low living expenses. + +My TFSA is almost maxed and I want to use it to buy some higher risk stocks. The rest I would like to invest into blue chip stocks/bonds/funds that pay dividends. I am hoping to make $10,000+ a year in passive income from this. I would also like the principle to grow, obviously. Is this realistic? + +I am not in a rush to do this as I want to do it right. I would like to research this properly and manage my own investments. I have no debt at all nor do I have a career plan. I do have an education and a good resume, though. + +I like having freedom to travel and move around, which is why I am looking for passive income. Not quite sure where I belong in the world and want to be able to try different jobs to see what I like while having the financial freedom to quit if it doesn't work out. + +Any suggestions or links to get me started in my research? Thanks for any help. + +Go easy on me, guys. I'm a beginner. +I'm new to investing and having trouble keeping my portfolio simple. I feel like a kid in a candy store who just has have some of all of the exciting treats. Can anyone help convince me to stay in one or two ETFs (like VEQT), rather than picking favourites? + +My original plan was "just buy VGRO". That became "just buy VEQT" on account of my time-frame, risk-tolerance and bonds supposedly being bad right now. But then I look at VEQTs holdings and I see so many promising companies make up such a tiny percentage of the fund. For example, let's say I'm excited about Cloudflare's potential. I look at the VEQT holdings and see that it represents 0.02873% percent of the fund. On a $100,000 investment, that'd be $28.73 to Cloudflare. That means we can basically ignore Cloudflare's performance, because even if they 10X, I'd have missed out on the opportunity to make any meaningful gains. + +At the same time, I understand the benefits of full market exposure and the simplicity of a single ETF. So this line of reasoning has lead me to buy a big chunk of VEQT as a "base", but also some NET. But then I do some more research and learn that banks and energy companies are probably a good bet right now. So I buy the ZEB etf to add weight to banks and XEG, plus ENB for energy. You know what else seems pretty important right now? Real estate. So I buy some VRE. + +Now I'm thinking that I really should increase my US and World exposure. I also believe tech stocks will do fine. So I'm thinking about VFV and/or VXC. + +On top of that, I'm worrying about buying dips and trying to time the market with a lump sum I have available (which I know is just going to lead to stress and probably failure). + +Anyone have any suggestions for how I can change my thinking about this and come up with a proper strategy? Does anyone do V/XEQT as a base and then combine with other ETFs to change their weighting? +This question has bothered me for days. If, on average, returns are greater than the rate of inflation, why do investors so commonly end up with significant losses or net-zero returns? + +Is it a matter of perception? Is it that the average investor actually *does* have a positive RoI, but I'm more likely to hear about those who lose? +Good Morning ! + +Ready for another day of charts with your favorite crayon artist? Me too! + +So to day we will hopefully find out the answer to the ultimate question, What happens when GameStop breaks away from the 180 resistance well find this out and more here on reddit over on our + +YouTube stream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +and + +Discord [https://discord.gg/HbqnUVsSrH](https://discord.gg/HbqnUVsSrH) + +&#x200B; + +Historical Resistance/Support: + +# 180 + +&#x200B; + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# End of Day Wrap + +Here are the stats + +https://preview.redd.it/sj2qrb6r56w61.png?width=760&format=png&auto=webp&s=676e6bf35996ded47414f47195046b4ac27fe108 + +The Battle for 180 continues into tomorrow we had $10 dollars of range on our historically lowest volume day this year. 3.69 million hmm?...The sheer amount of open interest at the $200c strike means the battle for 180 is very important. + +It's a possibility we could see a gap up in post/pre-market to attempt to cross 180 + +Otherwise I'll see you all tomorrow morning and have a good night. + +Edit 20 3:46 + +1 More test? + +https://preview.redd.it/tb3dyk5b26w61.png?width=1041&format=png&auto=webp&s=9dd4aad1014f13e25debc18da160e03077ebee2d + +Edit 19 3:23 + +Still trying to get through maybe 1 more test before close + +https://preview.redd.it/q74lv44ay5w61.png?width=1176&format=png&auto=webp&s=38eb6c75518b9174022eb9661050202e26864e61 + +Edit 18 2:39 + +New Motto "Buy the resistance and hodl" + +Looking for another test after we consolidate + +https://preview.redd.it/ngnrt2tgq5w61.png?width=1145&format=png&auto=webp&s=6d588045542a1a8e1156c862eddb66535e819c3e + +&#x200B; + +Edit 17 2:35 + +battle for 180 has commenced + +https://preview.redd.it/shuoxyqlp5w61.png?width=1073&format=png&auto=webp&s=2cc4778d621a2d469bbd64e6e938baf551da1829 + +Edit 16 2:21 + +Bullish ? No seriously we are on track to set a low volume record + +https://preview.redd.it/d5msvey5n5w61.png?width=1059&format=png&auto=webp&s=352f8845d2a7175ebc511e7ad979f6c397e8382a + +Edit 15 1:42 + +Possible Catalyst List + +1. Animated poop + +Edit 14 1:37 + +Looks like somebody is tired of waiting + +https://preview.redd.it/pgjc1v9af5w61.png?width=886&format=png&auto=webp&s=2d511e3d8b113eb86d0686cd7a429f470f5a0099 + +Edit 13 1:25 + +Bull flag looking nice we still have no volume but this could lift us comfortably over VWAP + +https://preview.redd.it/a5wa4uo6d5w61.png?width=1127&format=png&auto=webp&s=9b7f45b3d89559013e02b4c467f25887806181db + +Edit 12 1:11 + +Chopping on support/resistance nothing to report having some issues with uploads to reddit currently + +Edit 11 12:45 + +Volume is super dry but looks like we are going to stay above VWAP + +https://preview.redd.it/8crp7am465w61.png?width=999&format=png&auto=webp&s=24e3f13b329bfdd98349bce083e94d3905e49ef6 + +Edit 10 12:11 + +Looks like a head and shoulders we could see another test of 170-172 very low volume day. + +https://preview.redd.it/u6qko5lwz4w61.png?width=1144&format=png&auto=webp&s=d5e898e036777333e39253555125cd2e744dbc88 + +Edit 9 11:52 + +Chop but we are least above VWAP looking similar to yesterday maybe one concerted effort to break 180 coming. + +https://preview.redd.it/usupd6dgw4w61.png?width=938&format=png&auto=webp&s=29cefe79aa75c07d77aa2081856f3604e1fc86b1 + +**Edit 8 11:33** + +Retest VWAP we were a little overbought on the 1 min so probably just consolidating + +https://preview.redd.it/gkjjo8u1t4w61.png?width=1009&format=png&auto=webp&s=68082d4c942465636debcf2868152ac986e53d71 + +Edit 7 11:22 + +Exactly as said below. This isn't a real stock sometimes. + +https://preview.redd.it/3i9qavt5r4w61.png?width=1222&format=png&auto=webp&s=defe647653f51300ea8a7bd56810752c9f8f1f85 + +Edit 6 10:54 + +Bounced at 170 still no volume to cross VWAP. Probably another slow day incoming. + +https://preview.redd.it/m2lgsgl7m4w61.png?width=1274&format=png&auto=webp&s=88c9791d29b78815b93320eb792a5d14e0d81921 + +Edit 5 10:32 + +Small dip still looking weak sub 1mm daily volume + +https://preview.redd.it/3l2yqphdi4w61.png?width=1309&format=png&auto=webp&s=bef2ce536b7d32becc412bfc0a608673635bb851 + +Edit 4 10:10 + +VWAP Shuffle + +https://preview.redd.it/kzo9oif9e4w61.png?width=1177&format=png&auto=webp&s=f2740f2bc7d1bf1d7632ca73aad2b5788f2eaf36 + +&#x200B; + +**Edit 3 10:00** + +Looks like it bounced slightly lower at the 172 resistance . Testing VWAP now. + +https://preview.redd.it/cd5lrjboc4w61.png?width=1335&format=png&auto=webp&s=c96d25f07f0390bff3345c7ef18ebe4bc3e3441b + +&#x200B; + +Edit 2 9:48 + +Low volume looking pretty weak as we drift away from VWAP. Possible bounce on 175. + +https://preview.redd.it/3rt9y18ia4w61.png?width=1121&format=png&auto=webp&s=1f1e702b0a3c54813e6d5f5ab04299c397663a8f + +**Edit 1 9:34** + +Small dip at open I think the 175 support will stay pretty strong today. Looks like we are getting ready for the 180 test. + +https://preview.redd.it/7vrftzd184w61.png?width=1089&format=png&auto=webp&s=2470dd5292bd5887c0ce07f98afade8dd7151389 + +# Pre-market Analysis + +Pre-Edit 3 9:25 + +Pre-Market Volume low (25k) but we are sitting right back at 180 so we could push through on opening bell + +Pre-Edit 2 9:00 + +Looks like we filled that gap in the pre-market + +https://preview.redd.it/a04w4mdg14w61.png?width=1343&format=png&auto=webp&s=e23030a175af1cba81bec55e99b215bd5315c97a + +Pre-Edit 1 8:30 + +Small gap down in the premarket nothing to worry about hopefully filling it on the way up will give us some momentum to get through yesterday's key resistance at 180. + +This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only. +Fuck this trap. + +College: $150,000 + + +Wedding: $35,000 + + +House: $500,000 + + +Used car: $15,000 + + + +$700k in debt after your first few years after graduating from college but society will call you a loser if you don't follow this trap. Don't get into the impossible escape scheme, be innovant, support DeFi and survive. +The good new folks is we have never left a bull market; long-term trend at least! The last couple days became very interesting when watching the 1-Day Chart because we had been smoothly coasting in an ascending channel since the bull run initiated ~$6.00, but teetered close to dropping out as we testing the support line. + +Two critical conditions met at the **exact same time** in which the market rebounded to confirm continuation of a long-term bull market. + +* The price bounced off the Ascending Channel Support Line + +* The price bounced off the 50% Fibonacci Retracement Line + +Also, to help confirm a reversal of our retracement are a pair of Tweezer Bottom Dojis that may help determine the end of a downtrend. + +We are now healthily back within our long-term ascending channel and running a Fibonacci Extension using ATH and the bottom of the retracement sets a current price target of $539.83. + +As always, hold on to your butts; lambos; moon; etc. + +https://www.tradingview.com/x/v9mf6KLV/ + +Greetings all! I have been a long time subscriber to this sub, but I am first time poster. + +I wanted to share my story so far and discuss the idea of slowing down on savings a bit and taking a lower stress job. + +First, here's my background. + +Currently 31 years old, married (wife also 31), no kids (yet) and we're renters. Probably easy to guess, but we are living in the US. + +I was lucky enough to meet my wife in college, and, thankfully, as soon as I pitched the concept of FIRE to her, she was fully onboard with saving more of our income than we spent (though she didn't quite believe it was really possible at first). + +My wife and I were very fortunate to come out of college with minimal student debt (\~$3K). We both had scholarships that paid for 100% of our tuition and most of our room and board. Both of our families did help with living expenses, providing maybe $3000 or so per year in college. This allowed us to avoid serious debt, which we are very grateful for and recognize gave us a leg up in our FIRE journey. + +I graduated with a mechanical engineering degree in 2013 and started work immediately in the energy sector (equipment supply to be specific). The wife also graduated that same year, but took a bit longer to find a job in her field. She worked a retail gig in the meantime to help supplement our income. Neither of us started with salaries that were out of the ordinary, so we focused on reducing our expenses as much as possible (or at least as much as we were willing) to get the most out of our paychecks. + +I continued working for the same company I started with for nearly six years, receiving mostly modest raises throughout that time. The wife eventually found a job she loves and has been with her company for five years or so. She does well for her field and has received decent raises throughout her time there. + +In early 2019, I moved to a new engineering company (still energy and equipment, but in a different part of the industry) and received a substantial pay increase (\~50%). The position is in project management. This new job came with a lot more stress to go along with the larger paycheck. I have managed to work at this new company for two and a half years now and have been able to set expectations so that I have work/life boundaries I've been able to live with. The main thing I dislike about my current job is that because I work with an international team (Asia, Europe, US), I almost always have 7am or earlier calls in the morning and at least once a week have a call at 9:30pm. Usually in the middle of the day things are very relaxed, so I really shouldn't complain too much, but I am quite tired of the early morning schedule with occasional late night obligations mixed in. The global scale of the business isn't all bad. It actually was almost all positive at first, because I enjoy working with other cultures and it allowed me to travel the world in a short time (pre-pandemic and, unfortunately, without the wife). + +Below are our financial stats overtime. + +**Current Household Income: $194K** + +* 2013: **$90K** (Me: $65K; Wife: $25K) My first engineering job out of college and wife was in retail. +* 2014: **$93K** (Me: $68K; Wife: $25K) +* 2015: **$89K** (Me: $74K; Wife $15K) We moved to a new city and my wife was only able to do part time work for the first few months. +* 2016: **$117K** (Me: $75K; Wife $42K) Wife finally got her dream job working for a large firm with interesting projects). +* 2017: **$128K** (Me: $82K; Wife $46K) I was able to get a 10% raise at my first company, because they were afraid I would leave. The wife's company is pretty good about giving her consistent near 10% raises annually. +* 2018: **$132K** (Me: $82K; Wife $50K) There was a raise freeze at my old company due to market conditions. +* 2019: **$176K** (Me: 121K; Wife $55K) This is when I moved companies and received a significant salary increase. +* 2020: **$185K** (Me: 125K; Wife $60K) +* 2021: **$194K** (Me: 129K; Wife $65K) + +**Net worth Over Time** + +Note that the totals were taken at end of each year (except 2021 is YTD). + +* 2013: **$18K** (was not maxing out 401k at this point, as I was not educated in FIRE yet) +* 2014: **$35K** (this is the year we became fully committed to FIRE) +* 2015: **$80K** +* 2016: **$132K** +* 2017: **$255K** +* 2018: **$315K** +* 2019: **$456K** +* 2020: **$740K** +* 2021: **$914K** + +**Net Worth Breakdown by Account** + +* 401k: **$300K** +* IRA: **$350K** (includes 401k rollover from my first job) +* Roth IRA: **$77K** +* HSA: **$38K** +* Brokerage: **$123K** +* Checking/Savings: **$45K** (Is this too much cash? We were thinking of buying a house so we've kept cash than normal lately.) +* Car Loan: **($19K)** We recently purchased a new car and traded in our two older vehicles, consolidating down to one. Was a bit of a splurge for us, but so far we do not regret it. + +**Annual Spending** + +Our spending habits aren't as restrained as many folks on this sub, but we try our best to limit spending while not stressing over it too much. Other than housing, we spend most of our money on travel (usually two overseas trips a year and at least one ski trip per year) and food (takeout and groceries). We try to eat as healthy (as little processed food as possible), so a our grocery bills tend to be a bit higher than average. We also give a few thousand dollars to charity each year (shoutout to [Givedirectly.org](https://Givedirectly.org), which is my go to lately). + +* 2013: **$40K** +* 2014: **$47K** +* 2015: **$40K** +* 2016: **$51K** +* 2017: **$59K** +* 2018: **$73K** (we got married this year and spent about $20K on the wedding plus $6k on the honeymoon) +* 2019: **$63K** +* 2020: **$56K** +* 2021: So far we are tracking to spend $70K, but plan to dial it back so will hopefully land closer to $60K + +As I mentioned, I'm currently in a job that I am not in love with, but pays probably the highest end of the salary range for my experience level and industry. My current job does not allow me to really "turn off" and if I were to take a vacation, it would not be possible to completely disconnect. My previous job did allow this, and it made travel and work life balance so much more enjoyable. + +The wife and I are at a stage in life where we want to travel as much as possible before potentially settling down to have kids in next couple years. The pandemic year was supposed to be our year to get our international travel out the way, but you all know how that went. We are looking to move back closer to family so that when we do have kids, we would be surrounded by our loved ones. + +I was recently offered a position within the US government as an engineer. The job would come with a substantial pay decrease, but is located near my family and the agency would pay for my move. It also includes four weeks of vacation time and two weeks of sick time (plus an additional ten or so days in federal holidays compared to my current job). From what I've gathered from talking to a friend who works for the federal government, the work life balance is topnotch, which is very enticing. + +However, as I mentioned, the pay decrease is significant. I'd be going from my current $129K salary down to $92K. I am a bit conflicted about taking the lower salary for a, hopefully, more enjoyable work life balance. With that said, after saving heavily for the past eight years it feels like the right time to start focusing on transitioning into a less stressful lifestyle. + +Does anyone else have plans to put the breaks on savings to either use your income to enjoy life more, or take a less stressful job with lower pay? Curious to hear other's thoughts on this concept and perhaps firsthand experience from anyone has already followed a similar path. + +Any who, thank you to everyone who read through this rambling wall of text. If anyone has any thoughts, comments, questions, or pointers on our FIRE journey/progress we'd love to hear them. + +Be well and thanks again for your time! + +**TLDR: 31 y/o DINK couple with $900K net worth taking lower salary (30% decrease) for being closer to home and more time for travel/better work life balance.** +This is a rant. + + +I am new to crypto and to be fair I’ve only had Binance tell me to go fuck myself because of American sanctions, but this is just messed up. We’ve been blocked out of Binance for 2 years and no one’s said shit, I doubt any of you even knew that we had to pack our shit up and leave, the Russians haven’t even been blocked yet and I’ve seen you people become united as if it were your own accounts. + +“Binance owner says blocking innocent Russians accounts is unethical” + +“We must stand up for all users” + +Are we not innocent? What is it? Why are y’all more worried about the *idea* of it happening to Russians but we’ve been kicked out for years and no one batted an eye? + +Fair enough, I can use other exchanges like KuCoin. + +This isn’t even a geographical issue, I’m in Dubai and binance is supported here, but everytime I try to verify my account I get blocked because my Dubai residency card shows where I’m from. + +To the Russians, I’m not mad at you guys, you really shouldn’t be thrown off of exchanges because of your government. I guess I’m just pissy because people fight for you and leave us out in the sun. 🤷🏻‍♂️ + + +Fuck the Government. Sanctions don’t affect the government, it affects ordinary, innocent people. The poor American government must think if they use sanctions, the Iranian government will stop being bad because they feel bad for their people suffering. What a joke. + + + +Update: Thankyou for the support, I didn’t mean this to be hateful or mean. + +To the people rightly saying that sanctions are built to hurt ordinary citizens so that they step up and fight their government. You are right. That’s the whole point of it and Iranians are fighting back, they are protesting but unfortunately, the world is very different than the western democracy you’re used to. Some governments really don’t care how many people they kill. Some governments block all internet access so they can play Duck Hunt with people. + +I tried posting a link but it isn’t working for some reason. Google Iranian protests and enjoy. + +I agree with you all, but this is getting too political and that is not safe. + +All I’m saying is, the crypto exchange bosses shouldn’t sanction users. Allow people to trade freely. + + + +Update: From the crazy amount of support I’ve seen, I understand race is not an issue in this and I apologize for bringing it up. I have taken it out. Please raise awareness. + +What you are afraid of happening has already happened, help stop that. +2 months ago I received a letter in the mail telling me to come in for an audit to my local Irs field office. + +It was a very serious situation for me because I am an independent contractor and over the last few years I’ve grown into the habit of being very very generous with myself in terms of deductions and I never bothered keeping any receipts. My tax return was more art then science. + +My first concern was criminal liability for tax evasion. And then if that didn’t happen I was concerned with being audited on 3 to 6 years of my returns with additional 75% penalties and massive amounts of interest. + +The first thing I did was hire a tax lawyer and submit to an IRS interview. I was 100% honest and extremely diligent when dealing with the examiner. Because I had literally no receipts I had to go through every credit card and bank statement. I was asked about $50 payments I made 3 years ago and stuff like that. I had to dig up $25 dollar gas purchases. + +My IRS examiner was actually extremely nice as was my lawyer. And I was nice and open back even though I was looking at hundreds of thousands of dollars in back taxes and penalties in my mind. + +Yesterday I got the letter closing the audit. They want $17k and aren’t assessing any penalties. It felt pretty incredible. + +Having said that I never had things like foreign bank accounts or hid income. My deductions were just somewhat ridiculous. In any case I could never find any personal stories of people being audited. Usually just horror stories being peddled by law firms trying to get business. It’s definitely not something to be taken lightly but the reality was very different to what I thought was going to happen. + +Edit- to clarify I was audited because my boss sent me a 1099 saying I made $500k when I actually made $250k. It was an administrative error. But when I sent in my return saying I made $250k it triggered the IRS computer and started the audit. I didn’t get audited for my deductions but because of someone else’s mistakes. +I recently moved to Silicon Valley where I work as a DevOps engineer. Right now I make a bit over $100k/y, but I know there are people 5-10 years older than me making $200-500k and that kind of growth won't happen with regular raises. I have the general idea that I should be working on additional proficiences outside of work and looking at switching companies every year or two to keep my salary competitive. + +Are there any other things to keep in mind to facilitate high/steady salary growth? +We track our net worth in Personal Capital and noticed the values of our single family residential real estate investments really spiked to close out 2021, so once a few purchases from 2021 hit the LTCG 1 year mark we put them up for sale and sold before the financing market crumbled. + +I would say those were the best moves even after agent commissions and expected personal income taxes. + +Our worst move was me getting cute with our brokerage account and day trading TQQQ on leverage… probably took $100-150k losses on that activity alone before my wife talked me out of it. + +My call for 2023: I don’t think the equity market has much to fall from here. On a money supply adjusted basis S&P valuations are fair, and several industries will continue to perform well despite everyone calling for high probability of deep recession. I think the Fed will stop hiking rates which should give everyone a breather. +My girlfriend has accepted a job in Rome, starting early next year. I work as an employee in IT for a UK based company. I would really like to keep my job. If I became a contractor rather than on PAYE, could I file for taxes in Italy whilst still working for the UK company? What do I need to be aware of? +After every Ethereum price dip non-believers and crypto haters say it is a “correction of price”because the asset is “overvalued”. This is simply not true. In general, after any technology innovation there is a counter force to maintain the status quo. The same thing happened with the internet... and look where we are now. This pessimism is the byproduct of a fear of decentralization and a fear of change. + +Ethereum is the internet of the future. It tends to follow Bitcoin price but it is a completely different animal. Imagine if you could own a part of the internet in 2001 after the dot-com crash... In retrospect it is obvious that, if possible, it would have been one of the best investments of all time. We are in a very similar moment today. But this time around you can actually own it — ETH. + +ETH is extremely undervalued. We are just scratching the service on adoption. The transition to Ethereum 2.0 just started, it is a major technological improvement on the blockchain, but such value hasn’t yet been reflected on its price... this means it is a great time to buy ETH, which is predicted to hit a 5-digit USD value this year alone. + +Don’t buy the dip for the dip’s sake. Buy ETH because it is the future and you want to be part of it. Ethereum believers are not traders, we are value investors, when we buy we hold, because we know what’s coming... 🚀 Do not go gentle. +Now that we have these cool **poll features** exclusively for our subreddit, we can gauge community interest in many things. + +&#x200B; + +In this Poll, we are going to see what Ethtrader thinks of the maximum supply for Ethereum + +&#x200B; + +At this stage, **total Ether supply is at** [102.6 Million](https://etherscan.io/stat/supply) + +This is your chance to share your opinion on the nature of Ethereum. Should it be widespread, or scarce? + +Poll goes on for 7 days to capture the maximum amount of people. + +**Question:** What should the maximum supply of Ether be? + +# + +# If you picked a range, tell us the specific one in the comments below (and why of course) + +[View Poll](https://www.reddit.com/poll/9oms2v) +Can anyone explain the reasoning behind why the options price shot up so significantly? Is it because of the recent volume increase? I am slightly aware of the theta and delta but I honestly don’t know where they come into play. +I will skip my usual intro about my investigation of Ken Griffin and his Citadel Empire and get straight to the point: **I have found evidence showing Ken Griffin effectively gave GBP 1M to a Lord of the UK Parliament.** + +Let me introduce you to a company called **Dalbini Limited**. + +**Dalbini Limited** was incorporated in the UK on March 6, 2020. At the time of incorporation **Dalbini Limited** had a single director and shareholder, **Lord Howard of Rising**, who put in GBP 1,000 to start the company. + +Who is **Lord Howard of Rising**? His full name is **Greville Patrick Charles Howard**, and he is a member of the **UK Parliament’s House of Lords**. His family has been around a long time. + +https://preview.redd.it/qwmr7kb803d81.jpg?width=192&format=pjpg&auto=webp&s=c45c112f33763d9a4a10d7481418fa8c8b78464a + +Here is a pic of Castle Rising so you don’t have to Google it: + +https://preview.redd.it/rf6egm3403d81.jpg?width=1440&format=pjpg&auto=webp&s=9ed87d51815e36c70e733f6f79a9fc291e476f85 + +**Dalbini Limited’**s filings can be found on the UK Companies House website [here](https://find-and-update.company-information.service.gov.uk/company/12502822/filing-history). I will walk you through the key events. + +After incorporation the next key event occurred on September 29, 2020 when [a resolution was passed](https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/y33LcNM9mOEGSxHCQJHe3irq2Z9gF3idwsD3IFcpYug/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3LRG2DAHA%2F20220121%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220121T062500Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEP7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJGMEQCICouY3254yDGMdaQYmLhVkYRLKLivvtEmMLtWrdSQhklAiBvhUzs1hcV62v5MIgtyqNml3eU4yAQ95Vd7%2F0UGHgUpSr6AwgnEAQaDDQ0OTIyOTAzMjgyMiIM8m1VneIsyzHNnHtEKtcDpKxUOLVw1zlh1UWo44PaZXitvUQlShaK1gwz%2FEO%2FTjea5Rz5tCdschfzmnw8duACPjRx3EFWMMMhVRCWqF%2BZau9rvTrIpoOdqMcUxpScsYUPtb7URijrT3TjYoim%2BHJd25BqCWD6V3FUgUb4HfTAeUSSccWSP0ur7ctP%2Fpf75QJuq3qAgdVKKIMmODs497q0s77zqgnSEtCgPW9%2FDeAfxkZ31WrRi4P86zds5RYSFDufoZdrPVc1EhFJz6N7v5EXMy6AtIrf2pfsXNSIONO%2BTU7XsG5suxUtUZizNz6hhYeSFU03DTd1Ef8FE1vFIRkVYbQO%2B24ng5Uu6THkOVihQYsZCvOS1IpwCGNls%2BXd8YpPbi61q9V%2BgUBbPi%2Bf62a7i2oUBH0Rdrth0hEAkfsV1fXbMa124sGNfJ%2FFlcVmJUmKLgNdUcVBKnBXdGSRL%2BTQ0WVCWhaAvpK1WIq01byZW0vFFvd1JjjU7vz8x4WHevax5SbRMZ8Mqyt4hAR34qd51%2FVY0yzZkTCfN0%2BqaMRa%2FEbwU3opizaik0HpUNJLMiPdXerCaAzO%2FM%2BC1Wn4kN49tkjbZPdcKisPyPq3Q7xm%2BQbHTw2hmUThhlc%2B1ZotxALxWVfyU5M8MOOWqY8GOqYBHIVDcnD6AIXI%2B48PpEG5NfxQjMvnzOztrCqDSGg%2F3%2BbJ6cN1TAzkt93clo81rbyEtFtgtvqXJ9E0ZgmYRqOWnzwV0iQJy2jPqU2gAo7%2FZfTCl4RXMYEN1EQgcK6onJj9qwDg1638eC2hHQXFjIvKk%2FIjN%2BJsUggJksEHECtU2xhpAiHPdkwRfu6nJ8EM9%2B2bSfXUzoxjhxEsLjwIIaFF9Cd1GCfH8Q%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=3168a4ae956bd258f37c926f64fc01485231de40af945e086e83d7b857c8b537) modifying **Dalbini Limited**’s articles of association. Two important changes were made: + +https://preview.redd.it/sef71orwz2d81.png?width=749&format=png&auto=webp&s=49e86d212b8e54916ee901cc0c4b39d3928de0c9 + +https://preview.redd.it/zd5yva0wz2d81.png?width=822&format=png&auto=webp&s=930b8198446a02e404169f92d7019c7794b29f6c + +Let’s tackle the second change first. Apparently **Dalbini Limited** is planning to issue 1,000,000 shares to a company named **Media Holdings LLC** in exchange for GBP 1 per share. + +This makes the first change I highlighted very interesting. Recall that **Lord Howard of Rising** started the company with GBP 1,000 (i.e. 1,000 shares). The first change deals with voting and basically says this: as long as **Media Holdings LLC** holds > 49.9% of the shares they can ONLY cast 49.9% of the vote. + +Said another way, while **Media Holdings LLC** is a majority shareholder they will NOT have majority voting rights. **Lord Howard of Rising** would maintain 50.1% voting control. + +What happened? The following day, September 30, 2020, [an additional 1,110,111 shares were allotted](https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/fWv1_JlLZyPCzvQixL4ky3YARN81ueRIi8B3PrGb67Q/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3LRG2DAHA%2F20220121%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220121T064957Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEP7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJGMEQCICouY3254yDGMdaQYmLhVkYRLKLivvtEmMLtWrdSQhklAiBvhUzs1hcV62v5MIgtyqNml3eU4yAQ95Vd7%2F0UGHgUpSr6AwgnEAQaDDQ0OTIyOTAzMjgyMiIM8m1VneIsyzHNnHtEKtcDpKxUOLVw1zlh1UWo44PaZXitvUQlShaK1gwz%2FEO%2FTjea5Rz5tCdschfzmnw8duACPjRx3EFWMMMhVRCWqF%2BZau9rvTrIpoOdqMcUxpScsYUPtb7URijrT3TjYoim%2BHJd25BqCWD6V3FUgUb4HfTAeUSSccWSP0ur7ctP%2Fpf75QJuq3qAgdVKKIMmODs497q0s77zqgnSEtCgPW9%2FDeAfxkZ31WrRi4P86zds5RYSFDufoZdrPVc1EhFJz6N7v5EXMy6AtIrf2pfsXNSIONO%2BTU7XsG5suxUtUZizNz6hhYeSFU03DTd1Ef8FE1vFIRkVYbQO%2B24ng5Uu6THkOVihQYsZCvOS1IpwCGNls%2BXd8YpPbi61q9V%2BgUBbPi%2Bf62a7i2oUBH0Rdrth0hEAkfsV1fXbMa124sGNfJ%2FFlcVmJUmKLgNdUcVBKnBXdGSRL%2BTQ0WVCWhaAvpK1WIq01byZW0vFFvd1JjjU7vz8x4WHevax5SbRMZ8Mqyt4hAR34qd51%2FVY0yzZkTCfN0%2BqaMRa%2FEbwU3opizaik0HpUNJLMiPdXerCaAzO%2FM%2BC1Wn4kN49tkjbZPdcKisPyPq3Q7xm%2BQbHTw2hmUThhlc%2B1ZotxALxWVfyU5M8MOOWqY8GOqYBHIVDcnD6AIXI%2B48PpEG5NfxQjMvnzOztrCqDSGg%2F3%2BbJ6cN1TAzkt93clo81rbyEtFtgtvqXJ9E0ZgmYRqOWnzwV0iQJy2jPqU2gAo7%2FZfTCl4RXMYEN1EQgcK6onJj9qwDg1638eC2hHQXFjIvKk%2FIjN%2BJsUggJksEHECtU2xhpAiHPdkwRfu6nJ8EM9%2B2bSfXUzoxjhxEsLjwIIaFF9Cd1GCfH8Q%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=89d2273801634855fb0248b62361fef480426bbcbe39ff79d04cc1ca8ac5e5ac) (now 1,111,111 total). + +The same day **Kenneth Cordele Griffin** was named a “Person of Significant Control” of **Dalbini Limited**. + +https://preview.redd.it/4xuj5oetz2d81.png?width=746&format=png&auto=webp&s=8726d6e53da20a3ff475913e759b1078bf23b092 + +**Ken Griffin**’s “nature of control” was listed as follows: + +https://preview.redd.it/zfge0rmrz2d81.png?width=736&format=png&auto=webp&s=811ed35705a0c7ced797e8ff2637fee00428cd89 + +So Griffin holds > 75% of the shares of the company but only has > 25% and < 50% voting rights. + +Also on September 30, 2020, **Lord Howard of Rising’s** “nature of control” was modified: + +https://preview.redd.it/nkn3lmnqz2d81.png?width=746&format=png&auto=webp&s=ba387e668ab8994dd8b606332377032323b86ad1 + +So Lord Howard could make changes to directors and held > 50% but less than 75% of the voting rights. + +Basically, the "nature of control" of **Lord Howard of Rising** and **Ken Griffin** follows what was laid out when the voting rights were modified. + +👀 + +Moving on… **Sir Lynton Keith Crosby, AO** was [appointed a director of Dalbini Limited](https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/ICUD5O_OUv29SpPdMddu0c5f10o27BC_Cj6cdD3gqm8/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3FBHSYY4X%2F20220121%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220121T065927Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEPr%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJHMEUCIQCTP6P57tR5RChOQyYZN3ZNqRQbshqzxXcVRUQco6%2Fb4gIgcmnNGp8CGaVWa49YtVpbLtcXLE55%2BFo5SZ0Tj7WSByoq%2BgMIIxAEGgw0NDkyMjkwMzI4MjIiDAv5Nej%2Fp7U1KD2b0yrXA0rR9v5458VbTnh8Rp1qq%2FQktUGTOwciATqWVgic0zoK9MZRbnTVKRETbS4V6jIG2Ms0IPMvptknHjS6G863dQk4U%2FNw2kyG1Nykyd7QXYzKvGnDcElJHRPmEgH7oR%2B7R9uoUTrFYUAeHwsR5YPUuv8M3NO0BARHgGKOkMWD%2B6qTZfmlTiHKfJLruf9Lba%2BleYCb4xSJ2qFnInzvM4GBcsQ1pIQw4ELFXYhWtUUTSO2BImKVKZruFsbjvuCdtxxA5i9anrhoCb3mmPNCCp%2B20NlS1G1N5NgiUvB6qhhnroeVP9NynuBzFhgEkk%2BJJlqOhBd7HLufNUfJeNDDiQIqvU6DsmbigburUxBU6z1Cjz1xm4UeHmovzUUU2qYSPDHAz1kZhOJSgLCxqQ43KCLA2%2FM4TE5m1jDskurxQzeXFi8j7N6ywbTt8ubPdEzsTIyy4L4ZU116YmmBFiiQaLKQJo221i5%2FXH%2BNERy%2F7AQRcnOwkDyhA1KdzW24R6PI24M8O4aLB9z3DAosDc%2FOao0Cm50oVj979vgXGWwK%2BcOqVh3gJnNQR5wQibl%2FYVSyQCghkqdQKFLv0JUcLwozGIA64uDBVAu2jzV8kF3JrH82S%2FtiP%2BeIsb3GRDDUoKiPBjqlASHl7kl5ZbYelmXE2bU%2F5GDrXacT3EuPXCTa6T5oox%2BrWjrNBKqCrOP33z7iobZEfGqJvqxfk8mL1iG3kVc3V%2FLD%2FkHg44hfL2Sk8dwNCNmNFVhDf%2BIYVApReW53bNEukukbuqOvyv97my4%2Bh6uoNnMprol90KZMRZ%2B5UmNh0ouasqrW2iocR3j1q%2BiWHhFx2t7nJgWInRNu5cEcyvK68athkS%2FrCQ%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=2d96f810004b43529bed50948763545bff734af9f316fbab41c7d7a77cfd10ac) on December 1, 2020. I will get to him later. + +A [confirmation statement as of March 6, 2021](https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/xpk7xHGDhCjKGix6RARfehy59lZEZ7ZXDZMUtKRZiOU/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3LRG2DAHA%2F20220121%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220121T070142Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEP7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJGMEQCICouY3254yDGMdaQYmLhVkYRLKLivvtEmMLtWrdSQhklAiBvhUzs1hcV62v5MIgtyqNml3eU4yAQ95Vd7%2F0UGHgUpSr6AwgnEAQaDDQ0OTIyOTAzMjgyMiIM8m1VneIsyzHNnHtEKtcDpKxUOLVw1zlh1UWo44PaZXitvUQlShaK1gwz%2FEO%2FTjea5Rz5tCdschfzmnw8duACPjRx3EFWMMMhVRCWqF%2BZau9rvTrIpoOdqMcUxpScsYUPtb7URijrT3TjYoim%2BHJd25BqCWD6V3FUgUb4HfTAeUSSccWSP0ur7ctP%2Fpf75QJuq3qAgdVKKIMmODs497q0s77zqgnSEtCgPW9%2FDeAfxkZ31WrRi4P86zds5RYSFDufoZdrPVc1EhFJz6N7v5EXMy6AtIrf2pfsXNSIONO%2BTU7XsG5suxUtUZizNz6hhYeSFU03DTd1Ef8FE1vFIRkVYbQO%2B24ng5Uu6THkOVihQYsZCvOS1IpwCGNls%2BXd8YpPbi61q9V%2BgUBbPi%2Bf62a7i2oUBH0Rdrth0hEAkfsV1fXbMa124sGNfJ%2FFlcVmJUmKLgNdUcVBKnBXdGSRL%2BTQ0WVCWhaAvpK1WIq01byZW0vFFvd1JjjU7vz8x4WHevax5SbRMZ8Mqyt4hAR34qd51%2FVY0yzZkTCfN0%2BqaMRa%2FEbwU3opizaik0HpUNJLMiPdXerCaAzO%2FM%2BC1Wn4kN49tkjbZPdcKisPyPq3Q7xm%2BQbHTw2hmUThhlc%2B1ZotxALxWVfyU5M8MOOWqY8GOqYBHIVDcnD6AIXI%2B48PpEG5NfxQjMvnzOztrCqDSGg%2F3%2BbJ6cN1TAzkt93clo81rbyEtFtgtvqXJ9E0ZgmYRqOWnzwV0iQJy2jPqU2gAo7%2FZfTCl4RXMYEN1EQgcK6onJj9qwDg1638eC2hHQXFjIvKk%2FIjN%2BJsUggJksEHECtU2xhpAiHPdkwRfu6nJ8EM9%2B2bSfXUzoxjhxEsLjwIIaFF9Cd1GCfH8Q%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=750319b0533cf34c1b0848fa35e7101ebbf0427d500ce59bbfa3daa80124eb03) shows **Lord Howard of Rising** now owns 111,111 shares and **Media Holdings LLC** owns 1,000,000 shares: + +https://preview.redd.it/7zfvivdnz2d81.png?width=739&format=png&auto=webp&s=23d027190f56ec2cb8d3361104c18fefa49c940a + +What happened to **Ken Griffin**? Ken’s “nature of control” is still > 75% ownership of **Dalbini Limited**, and **Media Holdings LLC** owns 90% of Dalbini, therefore **Ken Griffin** MUST be the ultimate owner (through whatever web of entities) of **Media Holdings LLC**. + +And finally **Dalbini Limited**’s unaudited financial statements as of March 31, 2021 show approx. GBP 845k of current assets (likely cash): + +https://preview.redd.it/dcodo41lz2d81.png?width=892&format=png&auto=webp&s=28a26480cd7c5c552c5fc1193ca2053ac85f4cd0 + +This means they’ve spent some of the GBP 1,000,000 Griffin put in via Media Holdings LLC. + +I should also point out that Lord Howard of Rising has listed Dalbini Ltd on his “Registered Interests” on [his UK Parliament page](https://members.parliament.uk/member/3674/registeredinterests). + +# Let’s recap + +**Lord Howard of Rising**, a Lord in the UK Parliament’s House of Lords, started a company. + +**Ken Griffin** invested GBP 1M in that company. + +**Ken Griffin** is the majority **owner** of that company but does NOT have a majority of **voting rights**. + +**Ken Griffin effectively gave control of GBP 1M to Lord Howard.** + +Let that sink in. Is Ken the kind of guy to just give up money like that? Wouldn’t he expect something in return? + +Hmmm... + +# Let’s Not Forget Sir Lynton Keith Crosby, AO + +Who is this guy? He doesn’t appear until after the Media Holdings LLC investment. + +He is an Australian national now living in the UK. He is also a major political operative. + +https://preview.redd.it/q6t6ve1gz2d81.jpg?width=238&format=pjpg&auto=webp&s=9fbb91f93274a3e0ba15b5b881610275ff14b6c2 + +A quote from the University of Bolton’s website [https://www.bolton.ac.uk/our-staff/sir-lynton-crosby-ao/](https://www.bolton.ac.uk/our-staff/sir-lynton-crosby-ao/) + +>In 1998 and 2001, Sir Lynton successfully led the campaign for Australian Prime Minister John Howard. In the 2008 London Mayoral elections, Sir Lynton masterminded the campaign that saw Boris Johnson beat the Labour incumbent Ken Livingstone against the odds. In 2012 he repeated this success for Boris Johnson, bucking the Conservative Party’s national trend and securing him a further term. +> +>In the 2015 UK General Election, Sir Lynton steered the Conservative Party to a historic victory. He took the party from a 12 point deficit, to a near 7 point lead – returning, for the first time since 1955, a Conservative Government with an increased share of the vote. + +The Canberra Times put it much more bluntly [https://www.canberratimes.com.au/story/6192627/sir-lynton-crosby-and-the-dark-art-of-kingmaking/](https://www.canberratimes.com.au/story/6192627/sir-lynton-crosby-and-the-dark-art-of-kingmaking/) + +>Perhaps it is part sorcery - Fleet Street routinely refers to him as the Wizard of Oz - and Sir Lynton is handy with a "dead cat" distraction, but there is a broader Crosby method, a modus operandi we can see running through most of his campaigns over the past forty-odd years. +> +>It is a technique Crosby largely imported into Australian and then British politics from the United States. He was once introduced to president George W. Bush as "Australia's Karl Rove," Rove being Bush Jnr's campaign mastermind (also known as "Bush's Brain"). + +You get the idea. + +Oh, and back to Lord Howard of Rising: a few years ago he was [involved in a ‘conflict of interest’ scandal by donating use of a London home to a Brexit minister](https://www.mirror.co.uk/news/politics/tory-brexit-minister-faces-conflict-11130077). + +**What are Ken Griffin, a Lord of UK Parliament and “Australia’s Karl Rove” doing in business together?** + +**Your guess is as good as mine.** + +# The Foreign Corrupt Practices Act (FCPA) + +The Foreign Corrupt Practices Act was enacted in the US in 1977. The FCPA is enforced by the [SEC](https://www.sec.gov/spotlight/foreign-corrupt-practices-act.shtml) and [DOJ](https://www.justice.gov/criminal-fraud/foreign-corrupt-practices-act) (links are to their respective pages on the FCPA). It boils down to this: you can’t pay bribes or make improper payments to foreign officials to get business. It actually casts a pretty wide net, and companies get in trouble for violating the FCPA all the time. + +Do I know what **Ken Griffin** and **Lord Howard of Rising**, a member of the UK Parliament’s House of Lords, are doing in business together? No. + +Do I know why **Ken Griffin** would put GBP 1,000,000 into a company knowing he would immediately lose control (voting rights) over that money? No. + +Can I show that this **Dalbini Limited** entity is just a way for **Ken Griffin** to get money into **Lord Howard of Rising**’s pocket in exchange for something? No. + +Do I know why they’ve involved **Sir Lynton Crosby**, a known political operative, “Australia’s Karl Rove”, in their company? No. + +Do I believe when there’s smoke, there’s fire? Yes. + +I can’t prove an FCPA violation has occurred. But it really smells like shit from where I’m sitting. + +I’ve already sent this information on to the SEC and DOJ. UK apes, if you have concerns about this please pass the information to your relevant regulators (Serious Fraud Office I think it is?). + +That’s all I have. + +🚀🦍💪💎🙌 +(brace yourselves, serious first world problems incoming) + +Long story short, I won the career lottery and am making somewhere around $500k / year at the ripe old age of 26 (tech in Silicon Valley before anyone asks). I've been doing this for a few years, so I have around $2M saved up by now. + +I'm starting to get kinda burned out by all the work though, and am considering taking a bunch of time off after another year or so, somewhere in the range of 1 year - forever. + +I have no idea what I'm gonna do after that. If I wanted to, I could pretty safely return to tech and make like $350k/year until a proper retirement age. Or I might decide that's all a waste of time and just go pursue my passions full time (... none of which are going to make any money anytime soon). + +The (highly first world) problem is, I have no idea how I should be budgeting my lifestyle in the meantime. If I do end up going back to work in tech, I can easily afford things like a baller apartment in manhattan, crazy vacations, etc. starting immediately. If I end up screwing it and FIREing super early, there's no way that would be sustainable with "only" $2M and I should continue a more regular (though still comfortable) lifestyle. + +Seeing as these numbers are well out of the normal boundaries of /r/financialindependence, does anyone have any words of wisdom as to what extent you would continue saving and living at a 3-4% or whatever withdrawal rate now, or forgetting the delayed gratification and just eating your marshmallow now? +Guten Tag to this global band of Apes! 👋🦍 + +My friends, I couldn't be more excited going into today. Yesterday's earnings report was everything I wanted it to be - GameStop is making great headway through some very challenging supply issues, has plenty of inventory and cash on hand, has great revenue numbers, and is investing in growth into the digital future. The cash alone is worth $23 / share, but this is clearly a company that is primed for great things, and actively investing to make it happen. + +Even *more* exciting is the DRS numbers! 12.7 million shares are held directly at ComputerShare, as of April 30th! That is a nearly 4 million share increase in just 3 months. This pace is incredible, and it is clearly having an effect on the shorts. With utilization approaching 100 days at 100% and borrow rates in triple digits, the pressure that DRS is exerting on the shorts is nearly crushing them. While I honestly expected there to be an attempt to crater the after-hours price following the earnings report, I can't blame them for not wanting to do so on the eve of shareholders approving a massive increase in share count so the GameStop Board can issue a split via stock dividend. + +Which, of course, brings me to today. Apes around the world will unite to listen to the Annual Meeting of Shareholders. As exciting as last year's in-person meeting was, I am glad that this one will not have a dramatic sub-narrative like last year. This is the first annual meeting under Matt Furlong, and I am eager to hear his words on the future of the company. + +Today is Thursday, June 2nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$123.36 / 115,16 €** *(volume: 1539)* +- ⬜ 115 minutes in: $123.36 / 115,16 € *(volume: 1527)* +- ⬜ 110 minutes in: $123.36 / 115,16 € *(volume: 1506)* +- ⬜ 105 minutes in: $123.36 / 115,16 € *(volume: 1492)* +- ⬜ 100 minutes in: $123.36 / 115,16 € *(volume: 1473)* +- ⬜ 95 minutes in: $123.36 / 115,16 € *(volume: 1198)* +- 🟥 90 minutes in: $123.36 / 115,16 € *(volume: 1177)* +- 🟥 85 minutes in: $123.53 / 115,32 € *(volume: 1087)* +- ⬜ 80 minutes in: $123.68 / 115,46 € *(volume: 1065)* +- 🟥 75 minutes in: $123.68 / 115,46 € *(volume: 1061)* +- 🟥 70 minutes in: $123.70 / 115,47 € *(volume: 1057)* +- 🟩 65 minutes in: $124.11 / 115,86 € *(volume: 1054)* +- 🟩 60 minutes in: $123.96 / 115,72 € *(volume: 1030)* +- 🟩 55 minutes in: $123.94 / 115,70 € *(volume: 1023)* +- 🟩 50 minutes in: $123.00 / 114,82 € *(volume: 733)* +- 🟥 45 minutes in: $122.79 / 114,62 € *(volume: 713)* +- 🟥 40 minutes in: $122.94 / 114,77 € *(volume: 681)* +- 🟥 35 minutes in: $122.96 / 114,78 € *(volume: 646)* +- 🟥 30 minutes in: $123.01 / 114,84 € *(volume: 644)* +- 🟩 25 minutes in: $123.02 / 114,84 € *(volume: 641)* +- 🟩 20 minutes in: $123.01 / 114,84 € *(volume: 543)* +- 🟥 15 minutes in: $122.79 / 114,62 € *(volume: 519)* +- 🟥 10 minutes in: $122.80 / 114,64 € *(volume: 468)* +- 🟥 5 minutes in: $123.72 / 115,50 € *(volume: 172)* +- 🟩 0 minutes in: $123.73 / 115,50 € *(volume: 171)* +- 🟥 US close price: $121.40 / 113,33 € *($123.00 / 114,82 € 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 1.0712. 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! +EDIT: MY ARGUMENT IS NOT THAT SWING TRADING IS NOT AS PROFITABLE/'GOOD', I'M SAYING THAT SWING TRADING HAS MORE VARIABLES YOU CANNOT CONTROL, AND MORE ROOM FOR ERROR, AND HENCE IT MAKES DAY TRADING EASIER IN COMPARISON. + +I choose to day trade because I have a job and I go to school, so I don't have the time to look at charts during the day. On the mornings where I have time, I'll probably be in and out in under 10-15 minutes after the market opens. My strategy is basically to trade high volume, high % change stocks in the morning, and ride the 'hype' purely using technical indicators. I don't even know what the tickers stand for- it doesn't matter. All that matters are the technicals. This strategy has profited me around 50k in 2021, and I've profited about 3k since the beginning of September (I took a long break bc of school and my internship) So obviously to me I feel like my daytrading strategy works. + +Here's why I don't think swing trading works in my favor: + +1. If you don't know what you're trading. Riding trends based on technical indicators only leaves too much room for factors changing the price overnight/over the weekend. + +2. Without stop losses, you are much more prone to losing more, because you can't get out when you want to unless you're constantly checking your chart. + +3. If you do know what you're trading, and you've done your research- Then you are more likely to get 'stuck' into holding and hoping. You might as well be a long term investor. The top investment companies with their analysts and computer algorithms will know more than you probably do, if everyone thought a stock would go up, then it would've gone up already. + +Obviously there are exceptions, but swing trading requires extensive research and time availability to monitor your positions. If you don't do the above, there are too many factors that could manipulate the price that you had no way of accounting for- bad things can happen overnight. Even if you do your research right, the market doesnt always listen. Isn't it easier to play purely off of the market's own decisions by daytrading? + +What are your thoughts? If swing trading really was easier I'd love to do that instead as I'd have more time to trade. Maybe I just don't understand the concept. Why is swing trading easier for other people? + +Edit: The common argument is that you actually don't need to be monitoring the market as much since you are not as concerned about small movements, but you're trying to capture larger movements throughout multiple days when you're swing trading. The only way you protect yourself with this strategy is with a stop loss, which may not even trigger all the time. Then to find stocks that will 1. not only go up, but 2. keep it's momentum strong for multiple days, you can't just rely on technicals like you can with day trading- if you do, how? Because things happen in the premarket, the aftermarket, overnight, etc. and you can't anticipate those things. There is a much much higher chance of things going wrong and a stock falling past ur stop loss when ur swing trading vs day trading. And also, your stop loss doesn't change depending on how a ticker is moving unless you manually check and do it yourself. +To no one's surprise. + +[NY Times](http://www.nytimes.com/2016/02/20/business/dealbook/yahoo-takes-a-step-toward-a-possible-sale.html) + +[mashable](http://mashable.com/2016/02/19/yahoo-admits-what-everybody-already-know-it-s-looking-to-sell/#5SJFPGEUtSqW) + +"I think business & corporate taxes should be cut to zero and income taxes be raised. Businessed don't pay taxes anyway, they only pass them along to consumers in the form of higher prices on goods & services. This would allow businesses to reinvest, expand & hire more workers." +http://en.wikipedia.org/wiki/Socialist_state + +It seems a lot of people in this subreddit did not really study the history of the Soviet Union and the countries modeled after it - and it's leading to a lot of arguments whether some state is "Communist" or "Socialist" (case in point: http://www.reddit.com/r/Economics/comments/dhf6f/communism_thing_not_working_out_so_well_in_north/ ). + +A central tenet of Marxism-Leninism is that of _the withering away of the state_. Since people in the old Tsarist Russia were not considered ready for this dramatic development, Lenin - and other Communist leaders copying him since then - instituted a dictatorship of the proletariat creating a constitutionally Socialist state where the state controlled the means of the production. The Soviet Union - and other states lead by Communist parties - call themselves Socialist states because that's what they are in the old-fashioned definition of that word. The state never withered away in any of these countries and thus they never became communist. + +It's true that they're often led by an entity called the Communist party or that the end-goal is often Communism, and no one will disagree with that, but it's stupid to have an argument over whether a country is Communist or Socialist when people use different definitions of those words. Historically, none of these countries ever attained Communism, which is the utopia they were all officially striving for. + +It seems to me that a lot of people here object to using the word "Socialism" for describing these countries because this word is typically used tauntingly in American political discourse to refer to various left-wing ideologies popular in Western Europe such as Social Liberalism or Social Democracy. As a European (in fact, from the country with the highest tax-burden in the world) I can safely say that we don't consider ourselves to be Socialists. You may call our societies Social Democratic or welfare states, but please don't call us Socialists - that just sounds like something Bill 'O' Reilly would say. +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! +Right now with the influx of bots and scammers. The risk is out weighing the reward right now It’s hard to tell if posts are real. I suggest taking some time for yourself and let the bot spam die down. It’s okay to take a break. +Ladies and Gentlemen, + +Lately there seems to be a really strong hate towards those who dare to suggest that the price might go down, or that it's a good idea to sell or short Ether. I feel confident in saying that we ALL hope and believe that Ethereum will rule this space in a near future. In my mind there is no doubt, but that doesn't mean the price will not take any dives or even be dumped from time to time. It's a natural cycle that all crypto currencies go through continuously to establish 'the correct' price. For some people this is a great opportunity to turn a profit and there should be room for this too, here in our *trading* sub. + +Could we please allow for people to have opposing opinions without showering them in downvotes or publicly mocking or ridiculing them? It's not helpful at all and it doesn't further the course of Ethereum or the price of Ether. It's absolutely crucial that we allow objective price discussion. + +While many people here are die-hard hodlers and like to preach the mantra of hodling and moon, some people are actively trading and it's not your business to tell them they are 'gambling' or going to get rekt and that you will laugh when they do. Wtf guys? + +Personally I'm extremely bullish on Ethereum and have been since I first read about it. But that doesn't mean I believe the price will continue to go up forever without any corrections, [and neither should you](http://i.imgur.com/MBiDmTv.png). If you're a long term hodler, this shouldn't really concern you too much, but could we please allow for active traders to discuss selling and shorting? + +It's possible that what we see is a very vocal minority and this sentiment doesn't represent the entire sub, but it's very telling when old-time subscribers and solid contributors announce they will be leaving the sub due to the nauseating attitude of the comments in the Daily Discussion thread. + +I like moon memes and dreaming about my lambo as much as the next person, but could we please try to keep it real? + +Thanks. +North America segment sales increased 20% year-over-year to $78.8 billion. + +International segment sales decreased 5% year-over-year to $27.7 billion, but increased 12% excluding changes in foreign exchange rates. + +AWS segment sales increased 27% year-over-year to $20.5 billion, or increased 28% excluding changes in foreign exchange rates. + +**Fourth Quarter 2022 Guidance** + +Net sales are expected to be between $140.0 billion and $148.0 billion, or to grow between 2% and 8% compared with fourth quarter 2021. + +This guidance anticipates an unfavorable impact of approximately 460 basis points from foreign exchange rates. + +Operating income is expected to be between $0 and $4.0 billion, compared with $3.5 billion in fourth quarter 2021. +Scraping by* + +For what it's worth I'm in Seattle where the average home price is ~600+. + +EDIT: Wow, thank you for all the helpful suggestions. I really, genuinely appreciate it. <3 +Hi! As a newbie, with some capital, the wheel strategy seems kind of “too good to be true”. + +I realize it’s probably not as easy as some posts here make it seem, but still, A conservative 1-3% a month of gains is huge. + +So the question that I’ve been asking myself recently is the following: what is the catch? Why doesn’t « everyone » do the wheel - in your opinion? +Today I was offered a job making over 29k what I make now. It's a 10hr shift, but five minutes from my apartment and daycare (literally right between the two). I wasn't looking for a new job, but the shop owner reached out to me and I figured I'd interview and see how it went. + +I interviewed on Tuesday and got the offer today. I accepted it almost immediately. The environment is much healthier than where I'm at now and more understanding of me having a kid. My current boss said he felt "taken advantage of" when my daughter had COVID and I had to miss two weeks of work, and his reaction to me giving my notice was childish at best ("how could you do this to me, I've done so much for you" ie he paid me when my daughter had COVID but not when I had it and missed 5 days. He also didn't speak to me the rest of the day) + +Last month I was experiencing suicidal thoughts, and I know that if I didn't have my daughter, I would have given in. + +Since I got home from work I've been trying to figure out what this feeling is, and I think it's relief. In two weeks I won't have to worry about how I'm going to pay rent or afford daycare. I won't have to hope that the local food bank has diapers in my daughters size. I can eat dinner with my daughter instead of opting for cereal so she can have a full meal. + +I am in disbelief. + +My goal for this year was to start paying off my debt, and I was ready to use my tax refund for that. I still can and still will, but it won't feel so impossible and one day I'll be able to give my daughter her own bedroom and get out of this ant infested one bedroom apartment. Eventually the endless collection calls will stop. Eventually I won't feel like I'm constantly drowning. + +Any tips on how to budget would be greatly appreciated. I've always had hourly jobs, so salary is new to me. I've also never had even close to enough to pay my bills and have more than $20 left over (on a good week). +Hi guys! + +I've been tracking my "net worth" since 2013, starting with a simple Excel spreadsheet to keep an eye on my liabilities and assets. After 7 years my spreadsheet looks like a Boeing cockpit with assets ranging from bank accounts and ISAs (IRA analog for the UK) to cars, property, gold coins and even collectibles. + +I have always been very thorough about keeping the spreadsheet up to date, and to my surprise very few of my peers actually track anything but stocks and shares accounts and saving accounts in banks. Some of my wealthy friends have a family office managers to do all the work for them, but I'm not there yet financially :) + +Do you track your assets somehow? And if yes - where do you keep your notes? +https://www.marketwatch.com/story/the-5g-iphone-is-reigniting-the-subsidy-wars-which-is-good-for-apple-and-consumers-but-not-mobile-carriers-11602760302 + +The most generous offer so far comes from AT&T Inc. T , which will give both new and existing customers an $800 credit on a new iPhone if they trade in an iPhone 8 or more recent device, in what the company says is a “limited-time” offer for those activating devices on one of its unlimited plans. The credit will be paid over 30 months and AT&T will give smaller credits to those trading in slightly older models than the iPhone 8. + +Verizon Communications Inc.’s VZ best deal amounts to an $800 subsidy, Piecyk said, but it’s restricted to new subscribers on unlimited plans. T-Mobile US Inc. TMUS is offering half off the iPhone 12 Pro through bill credits, or $500 off any iPhone 12 device, to those who trade in their phones. The company has an offer of $850 off for those who add a line and trade in a phone. + +These are really good news for apple stock, as carriers doing heavy promotions to attracts people to upgrade their iphones, it will be a big upgrade cycle due to many people are still using iphone 6 plus or 7 plus, so iphone revenue could increase and even could bring more people to switch from android system. +I recently read [this](https://poseidon01.ssrn.com/delivery.php?ID=362104126089102064122102098021077124050050034063008064066127013031026105112117073089098124053005104010109116067098113084122077104015058046044079006012125078021005064090081060009031100117025090119088094023113068086024094019098123126100015125007094118083&EXT=pdf) paper that compares various strategies and concludes that trend-following is only one of the two strategies (along with Fama-French's HML) that can deliver pure alpha in the market. 'Pure alpha' is defined as high Sharpe Ratios without high tail risk or high negative skewness. + +Looking to find the latest research regarding trend-following. Anyone know how I can find it or care to share the research here? + +Thanks. +So I have a strategy for trading options, but I have no experience with algorithmic trading. + +Should I learn algorithmic trading from scratch or learn/find/copy-n-paste pieces of code needed for my strategy? + +Also, any tips from where I can get code for a strategy requiring moving averages and technical indicators in general? +So I have a strategy for trading options, but I have no experience with algorithmic trading. + +Should I learn algorithmic trading from scratch or learn/find/copy-n-paste pieces of code needed for my strategy? + +Also, any tips from where I can get code for a strategy requiring moving averages and technical indicators in general? +&#x200B; + +This post is not going to have any speccy mining/medical companies so hop skip and jump back to the daily if you’re looking for some. Also, I am not promoting any of these companies as a buy/sell or anything, this is just 10 companies which look interesting to me. I historically have posted and done earnings plays on the sub but most likely won’t this year as I don’t have as much time for the research, and I think there will be more misses than beats. NONE of these companies are buy/sells and I don’t hold any of these nor will be buying any of these, so don’t be dumb and take any of this as advice. Just buy DLC and move on. Also, last but not least, no TLDR as usual + +1. APX + +The subs favourite tech stock for a while which crash and burned from its highs of $40 a share all the way down to around $10 a share. I love the business model and the idea of the company but hate management. I have never really been interested in them either due to the high premium or due to when management decided it would be best to act ignorant over what was going on in their own company. However, I do think they are one to keep an eye on come earnings to see how they are rebounding and if management have somehow pulled their fists out their asses and started to do their job properly again. APX are in the same sort of boat as A2M in the sense if there is a turnaround coming, I would expect it to start this year, but I have more hope in A2M as their management at least realized when going all in on one idea failed and they had to change. + + + +https://preview.redd.it/vgnbpkqoa8f81.png?width=940&format=png&auto=webp&s=a29973bdc1c5ca0d25652cfe9e37162530af9635 + +2. MP1 + +Megaport is also in the tech space and has some major contracts with Amazon and Microsoft and is in the cloud space. I don’t understand the company that great, but if you understand companies involved with the cloud and technology then MP1 is worth a peek. They have run all the way up to $20 and since come back down to $13/$14 which is either a big drop and not justified or it shows the run up isn’t worth it. If you want to take less risk you could certainly take a look at them after results if you want a tech company, but once again not one I understand that great nor one I have looked at much. I compared them with NXT last year and chose NXT, which is another one you can look at if you like who do data centers and have talked about their competition with MP1 briefly. + + + +https://preview.redd.it/wiu5wvyna8f81.png?width=979&format=png&auto=webp&s=0dff000971b71ce8271deb66e43591e328498b42 + +3. MND + +Monadelphous is one which I was very bullish on when the mining boom started and I couldn’t see how they would do bad, I sold out at $11.60 which appears to be correct in hindsight. I say that because I haven’t looked at them since but have kept them on a watchlist incase something happens and there’s another chance. I wouldn’t risk them for earnings, but I do think there’s more upside than downside and its likely to sneak under the radar more than say FMG, RIO or BHP. They have contracts with RIO and BHP but had a legal issue with RIO last year which for someone who relies on these contracts is bad news even though it got resolved fairly well. If mining companies have done well and MND have managed not to fuck anything up and just rode the wave then I expect them to do decent, not one I will be jumping in on, but one ill keeps an eye on for after earnings season! + + + +https://preview.redd.it/mvfs1g2na8f81.png?width=1021&format=png&auto=webp&s=a854ace2abf87e621046629d94bbc7a0e4993ca8 + +4. REA + +REA is expected to smash results and do amazing, which really is no surprise. Good old Realestate.com.au is the dominant website/app and their numbers from their last results back that up, now whether that justifies the premium they’re trading at or its sustainable is one I have serious doubts over, but whether there’s enough steam left for one more puff is also a good question. In my eyes they’ve very much like SEK (Seek) in the sense they have done great because of conditions outside of their control and I don’t think they can keep it up long term or even for the next 2-3 years no matter how much they try. But also, like SEK, knowing when the stock has run its course is the key and if you think housing has more steam or REA will have continued their momentum over the past 6 months then I think they’re worth having a look at just to chuck on a watchlist. + + + +https://preview.redd.it/3ecr46gla8f81.png?width=966&format=png&auto=webp&s=7f27ef1e49e04bdf584162b57780992c30d21efa + +5. PME + +My favourite stock on the market and the one I made my first ever stock video about. I talked about how great they were at $40 and then they ran up to $60 and now they’re back to $46. Not that any of that means much with no context, but the graph speaks for itself really. They’re a healthcare tech company which essentially have a monopoly on the tech and its miles ahead of any competitor, the earnings are great, management are great and so on…so what’s the catch? They trade at a disgusting premium, one that I can’t justify especially at anything above $40 pre results. The issue is with COVID in 2020 they had less patients use radiology clinics/hospitals and so on which meant less revenue for them which means less earnings, I think they will have had the same issue in 2021, just to a smaller extent. The market is clearly expecting a strong rebound though, if you want a DD or analysis, I have a post and a vid so check it out. But once again I won’t be buying before earnings as the premium and risk is just not worth it for me. + + + +https://preview.redd.it/nyhr03nka8f81.png?width=940&format=png&auto=webp&s=ba86dbc308a046359b914f5f7f484449522ffdd9 + +6. SSG + +Shaver Shop is one you probably didn’t expect to see on this list or maybe even know about. They’re only worth \~$150mill which for me is as small as it gets. The reason I have been watching them and think their results will be interesting is they have exploded in popularity over the last couple years, for what reason I don’t know, but clearly more and more people are becoming repeat customers. This is the sort of company which to me is the easiest to value, it’s a simple business, with a simple model and you can easily understand their competitors and try to predict what will happen to them over the next 5-10 years. Once again not one I am bullish or bearish on really, just one I think will be interesting to see how their results go and to see how they keep putting along. If you want a simple business which isn’t a major company to look at then they’re a good starting point for anyone who wants to practice analyzing or fundamental analysis. + + + +https://preview.redd.it/u9uwvzoja8f81.png?width=940&format=png&auto=webp&s=af13e381991dc8ea722c96015d107179c2839cba + +7. PXA + +I talked about PXA a bit last year and they didn’t really do much. They have a monopoly on the digital property settlements and transfers within Australia and they are trying to get going in the UK. They have said the UK could take up to 2023/24 and so to me there is no rush to jump in, but they are one I think will do well due to the property boom over the past year. They also put out a monthly newsletter on their site which talks about the property market, how settlements have gone for them and give a rough guide on numbers which I have found incredibly useful when looking at them. To me the small amount of growth expected over the next year means the price is not justified and the UK is still a big risk which they need to hit to grow, but only time will tell. But once again a bit of an oddball company which is under the radar and worth a look. + + + +https://preview.redd.it/z54zgptia8f81.png?width=940&format=png&auto=webp&s=57bda6f90e2cb64f9b27b2ebf543778f0eee4c3d + +8. IPH + +This is by far the most boring company I will have on the list. IPH deal with patents in the secondary markets around the world, so Australia, Singapore and basically the smaller countries. They don’t try to compete with the big fish in the US, they just scoop up the crumbs and move on. I did a DD on them at $6 and even bought/sold them in the mock for a 20% gain so I am very happy with them. The reason I don’t hold them currently or lately, is because they’re expecting a few headwinds with how patents have changed in Aus. and some struggle with earnings due to COVID. I will be very interested to see if earnings do better or worse than expected, because I think they will be one which a lot of people look at and go meh boring and move on. + + + +https://preview.redd.it/4tb7ofvha8f81.png?width=940&format=png&auto=webp&s=4524bf190cdf7b28216f49a33175018f840e1104 + +9. IEL + +The Original Original earnings play!! For anyone who has been following me since the start essentially IEL was the first earnings play I did and posted my proof of purchase. They then went up like 25% on earnings or something stupid and I felt like a genius…although I’ve never managed to replicate those gains haha! But they essentially do online English and language tests for international students coming here and the results are approved and used by universities for admission. Now as international students plummeted the expectation was their results would be poor, I disagreed and is why the big swing. But this earnings season I think its going to be very interesting because they’re currently sitting at \~$30 and I have doubts on if its worth that much and if they can continue the success. If you want a company which is bound to move a decent amount, come earnings then have a peek at em, because if you go back to a 5-year chart more often than not come earnings they move at least 10% within the day. + + + +https://preview.redd.it/65sldstga8f81.png?width=940&format=png&auto=webp&s=1c3cdbae91c2fb8056ec9cf5efcf76586fc26549 + +10. Z1P + +Hahaha Just kidding, Fook BNPL. The last one which I’m really interested in is BBN (Baby Bunting Group), I have been watching them since they were $2.20, and they are currently $5.15. How the Fook they have got such a good and high valuation is beyond me, their annual reports state their numbers and plans very clearly, and I can’t see how its justified to be that high. They do deliver on earnings though and I don’t know how, its an easy company to understand and analyse and it just shows the impact quality management can have on a company! If you want a company which has had great momentum and management and you aren’t concerned about valuations, then have a look at Z1P…I mean BBN. Sorry Z1P bag holders Z1P is ded just like fish guts no matter how much you try reviving it and label its kingfish or a new company, its still Z1Pping down to $0! + + + +https://preview.redd.it/pvvd4twfa8f81.png?width=940&format=png&auto=webp&s=d7d1a70196a036c53fd3d8f6b7b626b33ae1a43e + +“Earnings make weariness pass” -Italian proverb +Has your philosophy about finances changed? + +I used to be frugal. I used to cringe every time I spent money, whether it be a $10 lunch or a $100 video game. Saving money was a priority that drove a lot of my thought processes and decision-making. I often asked for discounts, negotiated down prices for different things and avoided going out. Many of these habits remain, but I think the intensity of these emotions is much less now that I have become more mature. + +I think that nowadays I take a longer-term view to finances. Of course, I would still consider myself relatively conservative in how I spend. But I recognise that I need to use my mental resources in a more efficient, proportionate manner. + +For example, why be fussed about saving a few dollars at a supermarket when you can generate much more income by working hard in your job and earning a promotion that will give you thousands? + +Why be upset over the wrong change being given to you when a tenant moving out can cost you hundreds of dollars to readvertise for another tenant or when negotiating the right price with a plumber or electrician can save you hundreds or thousands in the long-term? + +Why avoid that day out with your friends (which could cost $50 - $150) when that day out could give rise to new ideas, relationships or emotions that in the long-term lead to financial success? Perhaps that day out is all you need to gain a fresh perspective on a problem you are working on. + +Or, if one is particularly frugal, why not be extremely frugal when it comes to those big decisions that matter? For example, in buying your first home you can potentially save tens of thousands of dollars by negotiating better. + +The decision to buy slightly more expensive toilet paper is relatively minor when you compare it to more critical decisions in your life, such as the decision to buy your first home, or to study a degree at university, or to apply for certain jobs. + +So I think nowadays I am still conservative with my spending, but I am also more lenient (within reason) and more able to recognise the importance of living a comfortable life and the long-term financial benefits it can bring. +Hi guys + +Recently got a job paying 55k a year at age 18. I would like to ask, if you were in my position, how would you utilise this money at my age to set myself up for the future? + +For context: I already have investments in ETFS and couple of ASX blue chips using money from previous job. I live with my parents whom are in no rush to kick me out, however, like any young adult I am itching to move out and would consider it to be my largest financial goal right now. + +My expenses are quite low other than general car expenses and food/booze. + +Any advice will help + +Thanks guys! +TLDR; Citadel's latest hire, Heath Tarbert is too interconnected to other parties for it to be NOT considered one conflict of interest after another. + +&#x200B; + +I'm /u/sharkbaitlol back for a quick update on recent developments. This continues in collaboration with my previous DD, "[CHAOS THEORY - The EVERYTHING Connection](https://www.reddit.com/r/Superstonk/comments/mokvhk/chaos_theory_the_everything_connection/)" where we discussed off-shore tax havens in the Cayman Islands and Bermuda. More specifically how we're able to link companies like **Apollo, Citadel, Tiger Global Management** to places like the **Ugland House** in the Cayman Islands (just a reminder this connection in the Cayman Islands doesn't necessarily mean they're working with each other). + +We also went over how there may be a larger agenda at play with **BlackRock** looking to [make a move on Credit Suisse now](https://finance.yahoo.com/news/blackrock-blk-mulling-buy-credit-174205125.html), and how they've collaborated with the Fed over the last year getting to help manage the economic impact of the pandemic as seen in the quote below: + +>The contract, posted on the website for the New York Federal Reserve, was made public [just days after the Fed](https://www.nytimes.com/2020/03/25/business/blackrock-federal-reserve.html) announced it hired BlackRock’s advisory business to run three programs aimed at stabilizing a corporate bond market that has been roiled by the economic fallout of the coronavirus pandemic. Contracts for the other two programs have not been released. + +*Source:* [*https://www.nytimes.com/2020/03/27/business/coronavirus-blackrock-federal-reserve.html*](https://www.nytimes.com/2020/03/27/business/coronavirus-blackrock-federal-reserve.html) + +In a related note, as it turns out **Vanguard** is one of the largest institutional holders of **BlackRock (** thanks for pointing this out /u/meatcrobe ) + +https://preview.redd.it/bg7y3pd0cts61.png?width=691&format=png&auto=webp&s=82b34575af5e05d4fe72f84794c2484a610fc100 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# 🔎WITH THAT BEING SAID THIS STORY GETS DEEPER YET AGAIN 🔍 + +&#x200B; + +Former **SEC Chairman** **Jay Clayton** (brought in during the Trump administration) just took a job at **Apollo Global Management** (which \[**Tiger Global Management**\] holds a 14.8% stake in, making them the largest shareholder of Apollo other than a private holdings company from Apollo themselves (BRH) ([https://fintel.io/so/us/apo](https://fintel.io/so/us/apo)); don't forget that Bill Hwang is an alumni of the Tiger Group and the[mess he's been involved in](https://www.bloomberg.com/news/features/2021-04-08/how-bill-hwang-of-archegos-capital-lost-20-billion-in-two-days) with Archegos and how they've screwed **Credit Suisse**). + +Just as a reminder the former CEO of **Apollo** stepped down last month because of his ties with **Jeffery Epstein**. Here's the story from a couple weeks ago ago: [https://www.theguardian.com/us-news/2021/mar/22/leon-black-quits-apollo-jeffrey-epstein-ties-inquiry](https://www.theguardian.com/us-news/2021/mar/22/leon-black-quits-apollo-jeffrey-epstein-ties-inquiry) . **This isn't conspiracy, it's fact. How is it not a conflict of interest when a former SEC chairman joins a hedge fund that has relations with a criminal?** + +# Now lastly lets not forget about Mr. Heath Tarbert, who was the former chairmen of the CFTC (Commodity Futures Trading Commission) who just got hired by Ken Griffin as one of his Chief Legal Officers at Citadel not even 2 weeks ago. Heath had this to say about his friend Jay Clayton. 🤔 + +>“It has been an honor to serve alongside Jay Clayton. He is one of the smartest and most capable transactional attorneys in the country and an even better colleague and friend. As leaders of the SEC and CFTC, we have worked together closely to harmonize our rules where appropriate and hold wrongdoers accountable. + +How much further does this go? + +Directly from the CFTC site: [https://cftc.gov/PressRoom/PressReleases/8310-20](https://cftc.gov/PressRoom/PressReleases/8310-20) . Still not a conflict of interest? + +&#x200B; + +THERE'S NOTHING STOPPING THEM FROM CONTINUALLY WORKING WITH EACH OTHER TO CREATE FAVOURABLE MARKET CONDITIONS FOR THEIR PARTIES. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +It's in my personal opinion that we're starting to see the bridges built, and it's team Citadel versus team BlackRock (I believe the Fed is on that team). + +I think the light at the end of the tunnel is that **Gary Gensler** will take the seat in the SEC JUST a day prior to the share recall [https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/](https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/) he was the one that brought what happened in 2008 to light through his extensive knowledge of darkpools. He also has a deep background in cryptocurrencies from what I understand. + +NOW get this; he's only stepping in until June when his terms will be renegotiated. It's quite concerning that he's making an appearance at this stage for such a short period of time. + +&#x200B; + +&#x200B; + +TLDR; HODL FOR YOUR DEAR LIFE, THERE IS A FULL ON FINANCIAL WAR GOING ON ABOVE OUR HEADS AND GME IS THE GODDAMN ATOMIC BOMB 💎✋ +Currently self-employed so I cannot get approved for a conventional loan until I have two years of tax returns. My friend said he would cosign for me when we were originally looking at duplexes so that I could live in one and rent out the other and split the profits with him. However, plans have changed and now I could look into a single-family home with 5% down but I still need him to cosign. I was thinking I could offer him $3000 as payment for him putting his credit on the line and then I would refinance out in a year because at that point I will have my two years of tax returns. He’s also going to be away for the next 6-8 months on a deployment so it’s not like he cares about his credit score and liability at that time. Has anybody done this before where they cosign with a friend and offer them compensation in return for doing so? I understand that it varies case by case but just curious on what other people have done out there. +Which algo is better the one that spend much time in market lets say weeks or months with open positions or the one with short time in market hours or days? Disregard the profit suppose both give a decent profit. +Me and my man are young adults with a toddler. We are currently renting a half-house duplex for an awesome price, however we want to expand our family but we don't have the space, so we began talking about homeowning. + +I have some property which is on a First Nation reservation that we were going to build on, but for the mortgage offered to us by the bank I don't think it'd work for the price of lumber, other materials, and labor costs. So we decided that we should start looking elsewhere to buy a home. + +I seriously cannot find anything local to me, for less than $500,000 unless its an empty property. + +Well, there goes my dreams of ever owning a home even if I do everything right. The maximum cost of a home that I could get is about $305,000 but its hard to find anything for that. I hear things about the market going down, so with that is it worth waiting? How can anyone like myself find a place to call home unless I have millions? These times are crazy, $800k for a decent house.. +Guten Morgen to this global band of Apes! 👋🦍 + +Yesterday, a new batch of FTD numbers were released, highlighting the staggering degree to which short sellers are committing their crimes. +FTDs only exist because of loose regulation that allows selling of shares before locating shares to borrow. +The sheer number of FTDs around the splividend date makes me believe that the shares that ComputerShare delivered to the DTCC for dividend distribution were used to cover FTDs. +The fact that they are able to freely violate the requirements to deliver shares is one reason that I have very little faith in how the markets are regulated. +It is clearly stacked against retail investors in favor of institutions, who are able to extract massive profits without following the same set of rules. +This is one among many reasons why I HODL. + +Fortunately, none of this changes how I feel about my investment in GameStop. +The leadership at GameStop continues to grow the business despite all of the efforts to make them fail. +The decision to sell stock during last Summer's run-up has positioned GameStop very well to expand into the digital realm while avoiding the challenges of borrowing for growth. +The launch of the GameStop Wallet followed by the NFT marketplace and partner integrations continues to set the path for the digital future of the company. +Meanwhile, GameStop continues to invest in growing the core business, riding the wave of this new console generation. +This is a great company to own, and no amount of short selling or FTDs is going to change that. + +While I am increasingly concerned about the narratives of selling GME to invest in other basket stocks that are popping, I am very satisfied to see the SHFs losing control of their exposure on that front. +I believe far more strongly in GameStop's future potential, there can be little doubt that the SHFs have failed in their attempts to kill Bed Bath and Beyond, and are being squeezed accordingly. +As the SHFs bleed deeply in that area, I am eager to see whether they lose their ability to reign in GME. + +I am traveling this week and do not know if I'll be able to reliably post. +While many days I should be able, I will try to arrange coverage for days when I will not. +Thank you for understanding! + +Today is Tuesday, August 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: **$39.51 / 38,76 €** *(volume: 8846)* +- 🟥 115 minutes in: $39.45 / 38,70 € *(volume: 8837)* +- 🟩 110 minutes in: $39.51 / 38,75 € *(volume: 8509)* +- 🟥 105 minutes in: $39.44 / 38,69 € *(volume: 8239)* +- 🟩 100 minutes in: $39.47 / 38,71 € *(volume: 7588)* +- 🟥 95 minutes in: $39.31 / 38,56 € *(volume: 6873)* +- 🟩 90 minutes in: $39.38 / 38,62 € *(volume: 6167)* +- 🟥 85 minutes in: $39.22 / 38,47 € *(volume: 5001)* +- 🟥 80 minutes in: $39.38 / 38,63 € *(volume: 4885)* +- 🟥 75 minutes in: $39.56 / 38,80 € *(volume: 3494)* +- 🟩 70 minutes in: $39.73 / 38,97 € *(volume: 1910)* +- 🟥 65 minutes in: $39.73 / 38,97 € *(volume: 1843)* +- 🟥 60 minutes in: $39.79 / 39,03 € *(volume: 1834)* +- 🟥 55 minutes in: $39.80 / 39,03 € *(volume: 1824)* +- 🟩 50 minutes in: $39.80 / 39,04 € *(volume: 1816)* +- 🟩 45 minutes in: $39.78 / 39,02 € *(volume: 1399)* +- ⬜ 40 minutes in: $39.78 / 39,02 € *(volume: 1249)* +- 🟥 35 minutes in: $39.78 / 39,02 € *(volume: 932)* +- 🟥 30 minutes in: $39.78 / 39,02 € *(volume: 886)* +- 🟩 25 minutes in: $39.80 / 39,04 € *(volume: 875)* +- ⬜ 20 minutes in: $39.79 / 39,02 € *(volume: 862)* +- 🟥 15 minutes in: $39.79 / 39,02 € *(volume: 862)* +- 🟩 10 minutes in: $39.79 / 39,03 € *(volume: 619)* +- 🟥 5 minutes in: $39.76 / 39,00 € *(volume: 617)* +- 🟩 0 minutes in: $39.80 / 39,03 € *(volume: 445)* +- 🟥 US close price: $39.68 / 38,92 € *($39.70 / 38,94 € 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 1.0195. 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 founded a company with one business partner over a decade ago, and our company has grown fairly large and successful. If we chose to exit the company today, we both could retire completely and happily — probably mid 8 figures apiece. The company has an established C-suite, external investors, and a functional board, so while we’re both very involved operationally (we sit on both the executive team and the board), the company could continue to run without either or both of us. + +Though there are a lot of factors keeping me working at the company, including the fact that I’m still enjoying much of the work day-to-day, I’m not getting any younger, and I’d eventually like to FATFire in the next few years. My business partner seems to have no plans to retire anytime soon. We both intend to sell the company eventually (would probably put us into low 9 figure territory each), but it’s increasingly likely that that date is more on the order of ten years rather than two. When I stop being an operator I’d like to remain closely involved as a board member, etc, and would feel like I missed something major in my life if I wasn’t part of the eventual end story of the company (ie being involved in the final sale). + +One major factor holding me back from even considering the early retirement path, however, is the reaction I anticipate my business partner would have. Even though we can easily afford to hire my replacement, me choosing to reduce my operational involvement would be perceived as little more than betrayal as he’d be left in the trenches while I would continue to benefit from the appreciation of the company. I’d like to avoid that reaction both because I value him as a friend and we’ve been through a lot together, and because I would worry he’d then exclude me from being truly involved as a board member and in the eventual exit. + +Any suggestions as to how to pitch this situation to my cofounder so we can figure out a pathway for me to retire over the next few years without burning a bridge? Or should I just bite the bullet and accept I that I would damage the relationship by stepping down as operator? +I am recently (semi) retired after 40 years (of hard work) as a serial entrepreneur. + +Curious about yachting. I will start off chartering, with the idea of purchasing a yacht, to spend 12 weeks per year exploring the US east coast & Caribbean. + +Looking to spend +-$2m. + +Any input, thoughts/suggestions appreciated +# [Lucy Komisar and Wes Christian Live AMA](https://www.youtube.com/watch?v=q8-JO3g5bm4)4:30pm EDT _________________________________________________________________ + +# Closing this thread 15 minutes after the AMA +Hacker's Add: https://etherscan.io/address/0x7d3224139f7ea8760828d7171eb2da56366021e8 + +My friend only had his ETH on Jaxx (IOS) and Jaxx (Mac, Chrome). **Is there any way at all we can help out our friend?** + +We only thought of: + +* Tracing the hackers, if they were to send it to an exchange we might be able to persuade the exchange to freeze/repatriate the amount. + +We need help, anyone who might have technical knowledge, your help is appreciated. + + +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Kazakhstan supplies nearly half the worlds uranium. Will local turmoil have any meaningful influence on ASX uranium prices? Or are the government issues largely separate from the business side of things? +My mums a diehard qanon nutter, i love her to death but shes just crazy. + +Anyway my brother tells me shes making money using "the goldsilver ratio" and apparently has made like %33 gains from like 4 months of doing this after sinking 10k in so i got him to send me a link. + +Every single one of my scam senses is tingling with this shit, theres a seedy get-rich-quick feel to it. YT has been up for a year and has not 2k subs but like 200 videos. Very badly edited vids. Ect + +Im not sure how these guys get your money or even if they do but i can feel somethings not right.i think it might be the app but idk and im worried my mums getting scammed. Was hoping yall could have a look and put your collective hivemind to good use + +TLDR; i think this site is a scam, please tell me why + +https://youtu.be/7vACoy0tzB4 <-- YT +https://www.goldbusters.co.uk/ <- website + +Edit:Update +So i have another driblet of info from my brother (my brother and mother live in a different state to me so im quizzing my brother for info) apparently she is using a trading platform called Auvesta, it honestly seems more legit then the goldbusters, what do you guys think? https://www.auvesta.com/gold.php + +[RTRS] - ASIC - THERE ARE REGULATORY CHANGES COMING THAT WILL IMPACT BNPL INDUSTRY, WITH DESIGN & DISTRIBUTION OBLIGATIONS COMING INTO EFFECT IN OCT 2021 #ausbiz + +Source: +https://twitter.com/Scutty/status/1328095439241940992?s=19 +Just seen this on the MoneySavingExpert email: + +>LISAs are designed for first-time buyers buying a qualifying property or those saving until age 60+. Normally to take the money out for any other purpose you pay an effective penalty of 6.25%. Yet, due to Covid, this is waived until 5 Apr, though in practice many need to start the withdrawal by TOMORROW (Thu) \[today!!!!!\] to beat the deadline. So if that's you, go quick. Full help in [beat LISA withdrawal penalties](https://www.moneysavingexpert.com/savings/lifetime-isas/?utm_source=MSE_Newsletter&utm_medium=email&utm_term=23-Mar-21-50670880-29013&source=CRM-MSETIP-50670880&utm_campaign=nt-hiya&utm_content=23#tip4). + +Posting it here in case it is useful to anyone as the "TOMORROW" is actually today! +I've done one of these a few years running now, and this time I wrote a walkthrough as I did it. + +> I'm writing this guide for a few reasons. For one, it might be useful to someone, possibly me in future. For two, if I make a mistake, someone might call me out on it and then I can correct it. And for three, it gives me a venue to complain about things I think aren't very good about the online submission form and also our tax system. + +If you're interested, [feel free to check it out](http://reasonableapproximation.net/2021/12/28/uk-self-assessment.html). I haven't shared it anywhere else yet, I figure this community has a good chance of catching any mistakes I made. +Recently I got a job working full time at a grocery store and have been saving half of my pay checks in a bank account my parents made for me when I was a kid. The last time I made a withdrawal was when I was 16 and everything went smoothly. + +Today I went in and put probably 2000 dollars into this account only to be told after the fact that I could not withdraw from my account because I had been made only an “Owner” instead of a “Signer.” I was very visibly dumbfounded. The teller told me to talk to my parents and that the account should transfer to me when I was 18. The fact of the matter is that I am already 18 and have been putting money in this account for months. + +My family doesn’t doesn’t approve of me or anything that I do and if I were to confront them I would most likely get kicked out of the house without anything but my car and the clothes on my back, dead broke. + +What are the next steps I should take? I am thinking about making my own bank account but do not know where to start at all or what is required of me. + +Edit: Fixed tenses + +Update: + +I filled out an application for a paperless checking account online at a bank my friends dad works for. His bank is not affiliated in any way shape or form with the bank my parents use. I also am going to get my own PO box (it’s going to be like 30 dollars for 6 months which surprised me) to prevent my parents from getting my credentials or debt card. + +Thank you all for the help and encouragement! + +Second Update: + +Got that checking account all set up and a P.O. Box. We’re good to go guys. I’m headed to my old bank to sign some stuff than I am going to transfer those funds to my new account. +I’ve been reading a lot about this stock and feels it’s undervalued, however I know they are a lot of debt too. I’m debating getting in: it’s had a real rundown and thinking it may have more to fall before it goes back up. Any holders? Thoughts? + + +**Ok, I’m just gonna get right into the meat and potatoes. I am not an expert. I’m not a financial advisor. I’m quite a smooth brain and I’m putting my thoughts out there to learn more than anything. Please correct me on any mistakes I am making. But given my knowledge, this is what I see.** \**Also note I wrote this to share my thoughts with family members and friends who arent involved in this (yet!) so forgive some of the oversimplifications of some parts and over-explaining of others* + +Between the top to index funds containing GameStop and the top ten institutions holding shares, the % of total shares held is already at **214.93%** (**PLEASE see edit 1 for a correction of this claim**), or **OVER A HUNDERED AND FIFTY MILLION SHARES**. With the total number of shares held by the company and not put out for sale equaling about 20 million of the 70 million total of the company, only 50 million shares should be held by outside investors and able to be actively traded. Ownership by institutions and mutual funds is already triple this (FIRA data taken from [https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0)). + +&#x200B; + +https://preview.redd.it/yuwobuhdjfs61.png?width=482&format=png&auto=webp&s=bc499b64117c67fc702831fcf8d34023ea0468d2 + +https://preview.redd.it/4cks6y2gjfs61.png?width=459&format=png&auto=webp&s=0ad2f67a16c0fd3b087270df1cce7e1b1d0323eb + +**Not only does the price reveal the falsified nature of the reported short interest** (the fines for lying about this are pennies in comparison to what they have to lose), but also has some **incredible implications for the magnitude of the squeeze.** + +**Where do these shares come from?** Hedge funds writing NAKED SHORT CONTRACTS in which they sell a shorted share despite it not actually existing or being held by the fund. This allows them to drive stock prices down by diluting the market and has long been a scummy tactic for making a quick buck by shorting a stock, driving the price down, and profiting off the dip. They have been using these same tactics to try and shake investors off of GameStop. It has fortunately not worked and now they are in deep shit. This number of shares held by institutions alone (which doesn’t even account for the mass of retail investors who have been religiously picking up shares over the past few months) implies at least a 200% short interest. That is a historic level and, given that it only accounts for the top to mutual funds and institutions, is likely much lower than the actual number. THAT’S INSANE and if this thing ever gets off the ground the price could go up tens, even hundreds of thousands of dollars within a matter of days or even hours. This is a powder keg waiting to explode and hedge funds long on the stock (who believe the price will go up and are on the side of the squeeze) are doing everything they can to make it happen. It honestly just seems like a matter of time. + +**Price Dips:** + +As of the last trading day, April 9th 2021, the price of GME dropped approximately $12 a share. Normally, price drops of this magnitude indicate selling from investors exiting their position on the stock. These drops also have a psychological effect in which people panic sell to exit a falling position. + +**So, what was the buy/sell ratio of Gamestop by retail investors?** OBVIOUSLY, a day this far in red would both be caused by, and cause, people to sell off their shares? Right?? + +Well, if we take a look at Fidelity, an investment platform for retail traders, Gamestop had a 5 to 1 buy/sell ratio. For every sell transaction input to the broker, approximately 5 buy orders were placed. **That’s incredibly impressive even on a green day, but downright insane on a day this far in the red**. + + + +https://preview.redd.it/tl4kb0f1kfs61.png?width=624&format=png&auto=webp&s=3d54be3eb7e94ab25957b848ad0f24f930dcb1e7 + +**This shows two things:** + +**1.** **The price drops are not caused by people selling their shares.** + +**2.** **The price drops are not having the desired effect of shaking off investors.** + +Hedge funds short on the stock have multiple ways to drop the stock, either by selling further naked shorts or other, more complicated methods. It’s highly unlikely that these dips are the result of anything other than this manipulation. Fortunately, they aren’t working, and if anything, are just digging the hedge funds into an even deeper hole once they are forced to cover. + +**Media Misinformation and Corruption:** + +Checking the news evidently gives a very bleak outlook on the Gamestop situation, with articles for months reading **“Forget about Gamestop”**, **“Gamestop is over, check these stocks out instead”,** **“Retail investors Burned by GME pump and dump”** etc. They have been saying this is over since the first squeeze. They said it was over right before GameStop soared again all the way up to 350/share last month. They do not cover any positive news on Gamestop, and even spin the positive progress towards transforming the company in a negative light (when certain executives resigned and were replaced by hard hitting ecommerce leaders handpicked by Ryan Cohen, most media outlets painted the departure as them jumping from a sinking ship rather than the incredibly positive change for the company it actually is). They have proven, time and time again, that they are not on the side of truth but on the side of the wealthy investors trying to cover their own asses by filtering what sort of content is published by the media outlets they have so much sway over. The research speaks for itself. I believe that a hell of a lot more than the unsupported, uncited, hit pieces that try to divert attention from the mess Melvin Capital and Citadel (and friends) have gotten themselves into. As indicated by the buy/sell ratios on retail investment platforms, so do most investors. People are not falling for this. Most retail investors are simply buying our time and waiting for the inevitable catalyst that sends us into space. By bombarding investors with constant waves of Fear, Doubt, and Uncertainty, they have only hardened our resolve and proved the lack of weight behind their words. + +**TLDR:** I like the stock. If you like the stock just HODL. Cracks are forming on the short side and this thing is primed for liftoff. + +**EDIT1 please read**: +It has come to my attention that there are repeated institutions and funds on the FINRA data. While I believed in the legitimacy of the data and assumed these were slightly different from each other (that happened to share similar names), it is now clear that the data itself is flawed in that it reports multiple entries for firms like Fidelity and Blackrock. HOWEVER, if we recalculate these values while eliminating duplicates, **we still end up with ownership of 59,815,466 shares, which is equivalent to about 85% of the total shares and 132% of the float**. While not the home run value I reported previously, **this is still incredible news**. Keep in mind that this is just the top 10 (or really top 6 after removing duplicates) institutions and we already have **ownership of more than 100% of the float**. Including smaller institutions and what I suspect to be a further 100%+ ownership by retail, this stock is still primed for the ride of a lifetime. +Hi everyone. First off my apologies if this isn’t the best subreddit to ask. I’m very lost. + +For years now I’ve had a serious spending problem and I have always just put it down to bad money management. But recent events have gone to show me that it’s more than just poor skills. I think I have a serious problem here. + +I cannot help but spend money that I have to hand, no matter the circumstances. If there’s money in my account I will somehow spend it even if I never intended to in the first place. + +What’s worse is that I never actually understand where my money has gone. I’ve never got anything to show for it. + +It’s not like I haven’t got a clue either. I fully understand the risks of being careless with money, and I really don’t want to be taking these risks. I don’t want to fall short, I hate it and I don’t know why I do it. + +As an example I could have £50 in my account with a £200 bill due tomorrow and I’d still spend that £50 knowing full well I’m going to hate myself for it. In fact, I done this recently with my council tax and have ended up with bailiffs at my door and hundreds in fees. + +What made me realise this is more than poor money management was when I made a healthy sum of around ��50,000 in 6 months last year from a pretty cool business venture. It came to an end as the guy I was working with moved overseas to care for someone. Anyway, 2 months later.... I had no money, and I didn’t have anything interesting to show for it. Nothing I could really sell to get my money back, no assets. + +Please could someone give me some advice here — or let me know where I should be looking to get serious help with this? + +Sorry again if this isn’t the right place to be asking. Thanks. +Now is an incredible buying opportunity. Yes, it can still go lower. You should probably prepare yourselves for double digits. And it could stay lower for years. As far as I'm concerned, the lower it goes from here, the better the opportunity. + +5 year money is almost guaranteed to profit from this price level. Put in 5 year money and you got no worries. + +To all you November/December folks: +This is normal. Including your freakout. This happens to all of us who buy into the bull. Then we lose our shit. Then we panic sell. Then we think it's all over and that we're idiots and we should never gamble XX% of our net worth. And then, after a while, shit starts picking up steam. And all the folks who are selling now freak out the other way and FOMO in. And everyone on the periphery of this bubble who were unsure and now think they're smart will FOMO in because, "Holy crap I was wrong it isn't going to zero and there is something there!" This is roughly how every cycle has gone up to and including this one. There's no reason to think this time will be different. + +Consider how mainstream coverage went on this last bubble. Bloomberg and CNBC every damn day with an update. Articles galore. Fed Chair being asked about it by Congress. Goldman fucking Sachs jumping into the space. Awareness is at maximum. And everyone who sat out this last run will want in on the next. On a global scale. Prediction: the next bubble will be THE bubble. The holy shit, what the hell was everyone smoking, bubble. No one will reference tulips any longer. All future bubbles will forever be compared to THE crypto bubble. This isn't even factoring the non-zero risk of an implosion of the world order as we know it. Dollar collapse. Dark ages. Cats and dogs getting along. And crypto existing as the only conceivable money supply substitute until governments get back on their feet (if they can). + +So many good things are still coming. Hype just got smacked by reality. See projects that have achieved real world progress tank hard because, "Oh, you mean you aren't going to be Google on day 2 after your launch? Boooooo. Sell sell sell!" Before long, reality will make the hype seem quaint. + +I do agree with Vitalik's sentiment that 1,000x days are over. I'd wager it's more like 1,000,000x days are over. 1,000x is probably max theoretical increase from here (real value). With speculation it could be more. But the days of buying 10,000 BTC for $40 are obviously gone. That doesn't mean there isn't some serious upside still to be had. + +Volatility is insane because volumes are insanely low compared to almost any other asset class. Think about that. That means, one day, when this market is mature, volumes will be orders of magnitude higher than they are now. That will almost certainly necessitate a much higher price and market caps. We will reach that day in the very near future. + +This shit is programmable money, independent of any central authority. This technology has not existed before in human history. Wrap your head around that and you'll have no worries about the future. It ain't going anywhere. Good luck gang. +I'm thinking of getting a dog. However I wonder how much would it cost me. Not paying for the dog. But how much would it cost me to feed it, take care of it and all that. You know where i'm going. + +Edit:The reason i asked this question was because i've been thinking about getting a dog for quite some time now. I went to the hospital for some tests today which ended up costing me a fortune which reminded me to ask this question. After reading all this I don't think I can afford a dog right now because i can hardly afford my own expenses. Sad but true. (Btw i'm from India incase anyone was wondering).The expenses would be less here but this gives me a general idea. Thanks. + +Edit2 : I'll just get a fish. -_- + + Dogeeeeeeeeeeee +There's a post (not mine) on lifestyle creep on /r/personalfinance that I think is pretty good and quite relevant to FI! I think he describes a good balance between keeping lifestyle creep in check while also saving. + +Here it is: https://www.reddit.com/r/personalfinance/comments/55o2d4/nip_lifestyle_creep_in_the_bud_before_its_too_late/ + +I particularly like this approach (edit: although the ratio that you use should be no higher than your SR and preferably lower - IMO!): + +> If you get a $10,000/year raise - half is for improving quality of life and half goes straight into savings. Maybe a different ratio works better for you...just be sure you don't spend it all. + +Right after I graduated I found this subreddit and I just realized that after all this researching on FIRE, 4% rule, etc, that I never learned how average people retire. I have only ever learned the FIRE methods of retiring. Does the average American eventually end up with a million saved up by 65 and use the 4% rule without even realizing? +Guten Tag to this worldwide community of Apes! 👋🦍 + +As all eyes turned toward Jeff Bezos as the shadowy puppenspieler pulling the strings, let's all appreciate just how much all of this is starting to make so much sense. *Of course* Bezos would love nothing more than to crush Ryan Cohen's latest venture to break Amazon's crushing grip on e-commerce. This man thinks he gets to be the only one riding rocketships... well I've got news for Mr. Bezos. The Apes are here, we are HODLing, and our Diamantenhände grip on our shares is going to take us well above his pitiful 100k. We're going into *ACTUAL* space, Jeff, and the rocketship we ride will be that of a competitor who beat you once already, and is going to do it again. We buckled the fuck up long ago, and liftoff is imminent. + +Today is Friday, September 3rd, 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: **$210.84 / 178,43 €** *(volume: 703)* +- 🟥 115 minutes in: $211.11 / 178,65 € *(volume: 689)* +- 🟥 110 minutes in: $211.15 / 178,69 € *(volume: 621)* +- 🟩 105 minutes in: $211.63 / 179,09 € *(volume: 551)* +- ⬜ 100 minutes in: $211.60 / 179,06 € *(volume: 545)* +- 🟩 95 minutes in: $211.60 / 179,06 € *(volume: 545)* +- 🟥 90 minutes in: $211.58 / 179,05 € *(volume: 541)* +- 🟥 85 minutes in: $211.86 / 179,29 € *(volume: 339)* +- 🟥 80 minutes in: $212.01 / 179,41 € *(volume: 289)* +- 🟥 75 minutes in: $212.04 / 179,44 € *(volume: 289)* +- 🟩 70 minutes in: $212.35 / 179,70 € *(volume: 275)* +- 🟩 65 minutes in: $212.29 / 179,65 € *(volume: 258)* +- ⬜ 60 minutes in: $212.10 / 179,49 € *(volume: 171)* +- 🟩 55 minutes in: $212.10 / 179,49 € *(volume: 153)* +- 🟥 50 minutes in: $212.04 / 179,44 € *(volume: 150)* +- 🟥 45 minutes in: $212.05 / 179,45 € *(volume: 132)* +- 🟩 40 minutes in: $212.10 / 179,49 € *(volume: 121)* +- 🟩 35 minutes in: $212.08 / 179,47 € *(volume: 117)* +- ⬜ 30 minutes in: $211.97 / 179,38 € *(volume: 114)* +- 🟩 25 minutes in: $211.97 / 179,38 € *(volume: 108)* +- 🟥 20 minutes in: $211.95 / 179,36 € *(volume: 108)* +- 🟩 15 minutes in: $212.01 / 179,41 € *(volume: 88)* +- 🟥 10 minutes in: $211.97 / 179,38 € *(volume: 61)* +- ⬜ 5 minutes in: $212.08 / 179,48 € *(volume: 48)* +- 🟥 0 minutes in: $212.08 / 179,48 € *(volume: 26)* +- 🟥 US close price: $213.52 / 180,69 € *($213.10 / 180,33 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.18169088. I wrote and maintain a C# application 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 just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +My wardrobe may not have many "so hot right now" items, but it's fantastic and I get lots of compliments on it. Here are my many, many secrets: + +* **Find high-quality secondhand staples.** What brands or items are quality will differ depending on your area. Have a look at your closet and see what brands the best-looking items are. Ask friends what they recommend. When thrift shopping, look for items that are still brightly-coloured (compare the inside to the outside if you're unsure), thick rather than flimsy, no loose threads hanging off or fallen hems. I have two sweaters I bought ten years ago that still look like new. Every time I see that label in the thrift store, I take a second look at that garment. + +* **Take good care of your staples.** A little extra care when laundering goes a long way. Your favourite red t-shirt will stay bright red a lot longer if you turn it inside-out and wash on cold. Front-loading washers treat your clothes much gentler than top-loaders (and arguably clean them better), if you have a choice. Stretchy objects will last much longer if you wash them on cold and hang to dry, because heat damages the stretchiness. You can pre-treat just about any stain with white vinegar or baking soda, and soaking a stained or discoloured garment in water with powdered laundry soap for anywhere from a few hours to a few days can work WONDERS (I took 10 years off my ski jacket by soaking for 3 days). **Gentlemen, this is probably the best advice for you.** My boyfriend only buys very high-quality button-downs, and he buys 2 a year or less. He's had most of his shirts for over 10 years. + +* **Learn to sew.** Sewing your own clothes *can* be more expensive than buying them, but it can also be way cheaper if you're into it. I am a super fabric bargain hunter who has a few favourite staple patterns (some purchased, some downloaded free from the internet) so I've sewn myself some truly fabulous pieces. However, being a dedicated seamstress and owning a sewing machine isn't for everyone. Nevertheless, **being able to do a quick repair with a needle and thread is still a very useful skill.** Not only can you repair your own torn clothes or replace a button, you can often find liquidation or sidewalk sales where slightly damaged clothing is sold off at a huge discount. I once got two designer shirts for $5 because one was missing a button and the other had a small tear in the armpit. + +* **Get fresh hand-me-downs free.** Anytime I hear a friend, roommate, or friend's roommate's girlfriend is giving stuff away to the second hand store, I ask if I can have a look first (actually I've never had to ask because they always offer). Probably the bulk of my wardrobe, and certainly some of the best pieces in my wardrobe, have been obtained this way. Most of us have a friend who shops way too much and gives away last season's fashionable pieces after wearing them twice — find this friend and keep them close! (The same goes for household goods. If your uncle always needs the latest greatest thing, periodically ask him if he wants to give you or cheaply sell you his old blender/TV/slow cooker). + +* **Gifts.** Okay, so you can't exactly go around asking people to buy you stuff. But you know some people are going to buy you stuff on certain occasions. My sister worked in a clothing store and bought me a few super cute high-quality party dresses for a few birthdays and Christmases using her staff discount. All of my winter coats have been Christmas presents. + +* **Invest carefully in high-use pieces.** A few years ago, I spent all $200 of my birthday money on a $500 purse from a highly-recommended company during their annual sample sale. My friends and family thought I'd gone completely insane when I told them how much I'd spent. I chose that company because I had a coworker who had a bag from them and swore by it, saying, "I've dragged it everywhere for the past 5 years and it looks like it did the day I bought it." I decided that this was going to be the last purse I'd buy for the next 10 years, meaning my purse budget was $20/year. 3 years in and I'd do it again in a heartbeat; I can put that purse on the floor of the bus, something I'd NEVER do with a cheap purse for fear of damage, and it still looks like, well, a $500 purse. + +* **Forget minimalism.** You know that advice to go through your closet and get rid of anything you haven't worn in a year? Worst advice ever. Styles come and go by the year, and your tastes and circumstances change too. A few years ago, fluttery white skirts were all the rage and I wished I had one. Then I remembered that I might ... I dug through a plastic bin full of older clothes and found a skirt I'd sewn myself out of a tablecloth from Goodwill 12 years earlier and it was EXACTLY WHAT I WANTED. I absolutely could not see myself wearing the same skirt one or two years prior. Another example is business wear: I worked for a nonprofit where the dress code was very casual. Then I worked entirely from home for a while. Now I'm looking for a big-girl corporate job and I'm glad I saved my few fancy blouses and dress slacks. + +* **Buy at the end of the season.** I used to buy $40 boots at the beginning of every winter, and they would last JUST one winter before they leaked badly or the zipper broke. One year, they didn't even last an entire season, and I paid $40 for $80 boots in February. They ain't pretty, but 3 years later, they sure are a lot more durable! Bathing suits and outerwear are the best candidates for this (and thrift stores liquidate their seasonal wear just like regular stores), but lots of clothes can be bought on liquidation at the end of the season. My local high-end department store's flagship location has 8 floors. On the 7th floor, where most people never bother to go, is a vast sale/liquidation area. I got one of my favourite dresses there for $9 marked down from $75 because it was from their spring collection and I bought it in June. + +* **Match new items to what you currently have in your wardrobe.** If you've got a few burgundy or mustard yellow or royal blue items and you like 'em, go ahead and get more! But if you never wear neon colours, skip that hot pink item that won't match anything you own. But also, remember that you're probably not going to dress head-to-toe in a single colour (unless it's black), so don't think that army green sweater will match your army green pants … if you want another army green item, go for a jacket, scarf, or hat to match your pants. If you are unsure of an item you're considering, think of 3-5 things currently in your wardrobe that you'd wear it with. +I’ve been thinking a lot about this lately. How absurd would it sound to a starving person in a poor country if I said I have 1 million dollars saved up strictly so I don’t have to work again. How could I possibly justify that money is being used better than if I donated it to truly worthy causes? + +FIRE is extremely selfish in that view, but I still can’t help myself from deeply wanting to FIRE. Makes me kind of a selfish asshole, but also that’s just humanity. + +Does anybody else struggle with wanting to have so much wealth mostly for selfish reasons? +Yahoo CEO Marissa Mayer is reportedly on a trip to meet investors and sell her future plan that would keep her on board — all the while cutting jobs as part of a downsizing effort. +Mayer has apparently taken a more "defensive stance" to the idea of selling Yahoo's core product, while pitching her grand plan to turn around Yahoo with her earlier mobile-focused initiatives. Convincing large shareholders of her original turnaround plan would let Mayer keep her job without having to deal with a proxy fight. + +At the same time, some sources told the Post that she's planning to lead the buyout process on her own, with the help of private-equity firms, reflecting a clear rift between Mayer and the rest of the board, which recently formed an independent committee to start the sales process. +It's all part of the big layoffs Yahoo announced earlier this month, which it said would represent 15% of its workforce, or roughly 1,600 jobs. The company said it would shut down some of its content verticals last week, while pulling the plug on its research center, Yahoo Labs. +http://nypost.com/2016/02/24/marissa-mayer-tries-pushing-yahoo-in-new-york/ +Apparently back in the day during HS/College my dad flipped a couple small houses with some friends, saved up money from side hustles like that and YOLO’d about 10k on tech stock calls, said the company was DEC, digital equipment corporation, shit mooned on him and he actually sold out at around 100k and used the money to pay for his grad school + +tl;dr the autism runs deep in my family +Hi all, so I find myself with a definite good problem to have. I have a property in the Gatlingburg/Pigeon Forge area that has gone up significantly in value since I purchased it. + +1. Purchase $670k +2. $250k improvements +3. Gross revenue around $300k-$400k +4. 20% to property manager and then $4k a month in cost (mortgage, utilities, insurance etc) + +Getting offers in the $2.7m range - unsolicited offers mind you. + +I don’t know what to do - take the huge payday or keep the very nice revenue generation stream… +My wife and I will be inheriting $90k in the coming months. Additionally, we already have about $100,000 saved in cash/brokerage account and then $54k in student loans that are in forbearance. We are currently renting in a HCOL area ($1700/month), hoping to buy a home in the near future ($500k-ish) to potentially house hack by renting out a basement. + +Off that bat, I was thinking we'd finish maxing out both our Roth IRA's for 2021 and then for 2022 come next year. And then set aside $15k for an emergency fund. **That would leave us with $157,000 left.** + +What would you do after that? We've thought about either paying off the loans completely or at least paying down a good chunk and then refinancing them at a 3% rate. We're also split on either putting 20% down on a house in the summer of 2022 or possibly a smaller payment with rates and PMI being so low. + +&#x200B; + +*Other:* + +Currently saving about $3k/month + +No 401k's, but I have a SEP IRA + +Late 20's + +No other debts. +Never even heard of this coin before, and it's practically the only one making ANY gains the last couple of days. Anybody looked into this one? Does it have decent fundamentals, or is it just an reason-less pump? +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! +My goal is high monthly dividend income coming from my TFSA. Since most of these funds have the same holdings, I was thinking of going for the high yield dividend ETFs instead. For example, switching VCN for ZDV (Canada), switching VUN for ZDY (US), switching XEF for ZDI (Int), switching XEC for HAJ (Emerg.). Besides the higher MERs, has anyone adopted this strategy instead? My RRSP is 100% XEQT. Looking to retire in 35 years. Thank you. +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 +https://finance.yahoo.com/news/42-of-people-say-this-is-why-they-dont-invest-more-203026342.html + +The survey found that 42% of those who weren’t investing yet were staying out of the stock market because they believed they didn’t have enough money to invest. + +Kelli Keough, digital wealth management head at JPMorgan Chase, tells Yahoo Finance’s “The First Trade” non-investors, those who are not in the stock market, say it's a struggle to save enough money to invest. +EDIT: Got a lot of good responses but most are in the category of "Don't get married" or "Marriage isn't for your because you're asking this question". Unfortunately the laws by default in my province enforce common law marriage. Even if I don't get married we are still bound by law. For the second point, I'm not asking for relationship advice. Not what this sub is for. So I don't really care what you think about my relationship or that you think I have to grow up because I'm doing research on a legally binding contract. + + + + + + + + + + + + +Not looking for legal advice, I'd just like to know what other precautions people are taking. + + + + +My(M24) girlfriend (F21)wants to eventually get married. I don't see it as that important but I am open to the idea as long as it is 100% safe for my future plans. She is also FIRE'ing but makes much less money that I do right now. + + + + +We live together and we plan on getting a cohabitation agreement written up to protect our assets. I don't want to marry until my personal nest egg is near complete ($1-1.5 million) so that it will be considered a premarital asset and cannot be touched. I will get a prenup but I know those aren't always accepted in court... If things continue at it's current pace, I should be close to my goal by the time I'm 30, which is when she wants to get married anyways. + + + + +I'm sure it's not a foolproof plan, so I'll definitely talk to a lawyer before getting married. +**TLDR: Leaving bitcoin on exchanges helps their clients (mainly institutional) to take short positions on bitcoin (depressing its price) as your bitcoins act as collateral for their trades. If they eventually go bust hard, you will/may pay for their loss.** + +Many people are wondering why the bitcoin price is not going up despite massive institutional buying and increased adoption. An important reason for that is that bitcoin seems to be suffering from a similar phenomenon (although in a much lower scale at this point) that gold suffers: The reason why gold is stagnated for years is because there are massive short positions kept by a few key players, which are “subsidized” by a vast amount of “paper gold” in the markets. With bitcoin, this happens through the exchanges. + +**People that care about the bitcoin price should stop using exchanges as wallets immediately.** It does not matter that they are safe. They can be 100% safe, insured if you would like, just like your bank deposits. Bitcoins in exchanges aren’t “bitcoin”, they are “paper bitcoin”. They are a liability for the exchange and an asset for you, but a different asset than if you had the bitcoin in a personal wallet. What you have is a promise from the exchange to have that bitcoins deposited in an address you give should you request a withdraw. Under normal circumstances, this works well. Under distress situations, it does not. What the exchange has is a promise to pay you back, but only if they can. In many instances, they will not be able to. And that’s fine, they are limited liability companies. I am confident that the open short interest in bitcoin is substantially large, potentially much bigger than the number of existing bitcoins, or the bitcoin "free float". These short positions are collateralized by bitcoins left in exchanges, regardless if the exchange mentions it explicit or not. Some exchanges are honest and mention it clearly in their terms that in the situation where their insurance fund is depleted, losses will be socialized among winning traders. Others don’t. The bitcoins that you leave in exchanges are used as collateral, explicitly or implicitly, by them to finance short positions of their clients. Even if an exchange does not allow margin trading for retail clients, they very likely do for institutional clients, which is even worse. Notice also that it does not matter if the balance of clients matches what these exchanges have in their wallets. It is practically invisible to outsiders how much institutional clients are leveraged through these exchanges, and a way of estimating or getting a sense of it must be urgently developed for a better understanding of the market. If all those keeping bitcoins at exchanges withdraw them to a private wallet, the exchanges will have to increase their margin requirements for leveraged clients (or reduce the leverage limits), which will force these clients to close their positions or buy more bitcoin. There is no other way, and this of course is good for bitcoin. If people however keep using exchanges as wallets, then we run the risk of bitcoin being constantly manipulated by players who are able to leverage short positions at levels that we cannot even assess. + +My recommendation is that those interested in higher bitcoin prices to move their bitcoin to addresses that they, and only they, have control of. This includes those likely making use of custodial services, particularly when custody is made by an exchange. It is quite ironic that many of these investors that buy bitcoin instead of gold because “gold price is manipulated by the banks” do exactly the same gold investors do. If you buy bitcoin to leave it deposited somewhere else under a custodian, particularly if this custodian has clients that can short bitcoin, you are very likely doing a disservice for bitcoin. Move your bitcoins immediately somewhere else, buy insurance if necessary, or leave them with a custodian that performs only custody and nothing else. The reason by the way why custodian services are usually cheaper than insurance is precisely because the custodian can profit on you (by having your precious bitcoins in custody) in other ways. + +As long as we have bitcoins being left in exchanges or in the hands of custodians that fill very much the role of the same banks that bitcoin holders aim to be disconnected from, we will have bitcoin moving sideways and fighting hard for higher price levels. + +In the end, inevitably, bitcoin prices will grow. But this process can be much faster if each bitcoin holder takes care of its own bitcoins or leave them with true custodians, not exchanges. +Does anyone know why there is such a discrepancy in ETH prices in Coinbase vs other exchanges? At 9 PM ET Coinbase price is $310/ETH while $285 at Bittrex and Bitfinex +[It's Baaack: Japan's Slump and the Return of the Liquidity Trap](http://www.brookings.edu/~/media/projects/bpea/1998%202/1998b_bpea_krugman_dominquez_rogoff.pdf) + +This week's article comes from /u/paulkuhn, who writes: + +> [The current article of the week on liquidity traps](http://www.reddit.com/r/Economics/comments/26g0n6/article_of_the_week_escaping_from_a_liquidity/) reminded me of Krugman's 1998 paper, It's Baaack: Japan's Slump and the Return of the Liquidity Trap[1] . From my (incomplete) understanding it revived the discussion of liquidity traps from a very long hiatus, and as an added plus, it has some current relevance. + +*** + +Schedule for June: + +6/15: Inheritance of Inequality (Bowles and Gintis, 2002) + +6/22: Economics and Emigration: Trillion Dollar Bills on the Sidewalk? (Clemens, 2011) +I'm a AP econ teacher and would love some lesson ideas. I'm especially interested in lessons that you remember your teacher doing that worked out really well and/or were really interesting. Any thoughts or ideas will be much appreciated by my students. +https://www.reuters.com/article/us-usa-fed/fed-likely-to-resist-pressure-to-cut-u-s-rates-this-week-idUSKCN1TI0DV + +> SAN FRANCISCO/WASHINGTON (Reuters) - The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year. +This subreddit has over 1.2m members and while I am lucky enough to be set financially I was curious when I came across it. + +It is unbelievable that this is where we are in this day and age. So many stories from people who can’t afford the basics like food and shelter… + +It seems like I live a sheltered life in my bubble consisting of people who are all well off and don’t intersect with stories like these on a daily basis. + +What needs to happen for things to get better at scale? This is not ok +Lost all steady gains I made selling CSP's since July 20 on a GME YOLO play \~15k. Luckily it isn't something I cannot recover from but it's going to take a while. Don't be me. Stick to the basics! One wrong move can wipe away months of steady gains. + +https://preview.redd.it/b1r5aun0x3f61.png?width=487&format=png&auto=webp&s=c73fd2da1b7032b19ad0804bbb949f71a3ddf08f +New member of theta gang here that made a really stupid bet. + +End of today, I was feeling bearish with the whipsawing and decided to do an iron condor that expired tomorrow, with both sides way OTM. SPY 4/17 290/295c and 4/17 266/261p. 50 contracts on both sides. Max gain if both expire worthless is $1K with a max loss of $25K. + +Literally the definition of picking up pennies in front of a steamroller. Lesson learned; I won't do it again. + +However, I'm trying to figure out what to do now at open tomorrow. Worst case scenario is that SPY opens at 295. More likely, it'll open below 290 but probably end somewhere between my strikes. + +I can: + +1 - Close my 290/295 position immediately for a loss immediately of around $10,000. + +2 - Only buy back the 290 and let the 295 ride to make back some money (if) the market keeps going up tomorrow. + +3 - Buy a set of SPY calls tomorrow that "neutralize" my loss. Example: SPY 290C, $10,000 worth, for a date like 4/20 or 5/15. + +4 - Roll up my puts and get a slight gain that way. (Or roll them all the way up and turn it into an iron fly?) + +Just started to sell options and feeling a bit stuck at the moment -- hoping the futures market goes back down tonight but trying to prepare for the worst case. +I used to read r/financialindependence in high school and it's really been hammered into me that I should save a few months emergency fund, max my 401k and IRA and HSA yearly. Now thats the only way I know how to think about things. But, that's 30k of investments/year - At that rate, I'll never save enough for the juicy 20% yearly wheel gains without eating the 10% penalty for liquidating the 401k and the IRA before I turn 60. + +I know that means I need to make sacrifices and put money into a broker account instead of maxing 401k, ira, and hsa. What kind of savings/money allocation strategy makes the most sense to generate tax-benefit retirement money while stacking up to be able to Wheel effectively? +I used to read r/financialindependence in high school and it's really been hammered into me that I should save a few months emergency fund, max my 401k and IRA and HSA yearly. Now thats the only way I know how to think about things. But, that's 30k of investments/year - At that rate, I'll never save enough for the juicy 20% yearly wheel gains without eating the 10% penalty for liquidating the 401k and the IRA before I turn 60. + +I know that means I need to make sacrifices and put money into a broker account instead of maxing 401k, ira, and hsa. What kind of savings/money allocation strategy makes the most sense to generate tax-benefit retirement money while stacking up to be able to Wheel effectively? +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. +EDIT 2: I've decided not to call him and just register on the day, see how I go... + +EDIT: To give some more insight, this property is VERY popular. REA told me he doesn't want to register non competitive buyers as there are many competitive buyers therefore I need to give him a range? + +&#x200B; + +ORIGINAL POST: + +Interested in a property, just received this email from the REA stating I need to give him a call to discuss my budget and price I am thinking of bidding. IF I don’t't provide him with my budget / range he is saying I can't register to bid? Wtf??? Why do I need to call him and disclose my budget lol... need to call him soon to register. Any advice on how I can navigate my way through his invasive questions if he does? + +&#x200B; + +&#x200B; +First open a IBKR account then buy one share and DRS it. + +Now buy the same amount of shares in your IBKR as you have in your Etoro account, borrow from friends family or bank if you don't have the cash, you will only need to borrow the money for 1 week so shouldn't be a problem. (If you only can borrow half the money no worries, you can do this in two turns but you will need to borrow the money for a few extra days.) + +Now what you do is as soon as the money is in your IBKR account you buy your x, xx or xxx shares on there and in the same second sell them on Etoro. (If you do it during a mini run-up you can even make a few extra shares by hover-handing the sell button for 10 secounds.) Now weight 2+ days and take the money out of Etoro and pay back the money you loaned. Now wait for your CS letters and DRS everything from IBKR to CS. + +Even if there is no way for you to do this in any form, in my opinion it is worth just selling it all in Etoro and buy back in IBKR. Even \*\*IF (\*\*and it's not a given) it would mean losing a share or two it is most definitely worth it. **Because fuck em thats why!** + +**Easy peasy hedgy squeasy!!!** + +&#x200B; + +**EDIT:** Just to clarify, selling GME shares in this fashion will NEVER help the HFS, or make GME dip in any way or form. Absolute worst case scenario, it would be a zero sum game where you sell AND buy for example 100 share at the same time. More likely though is that your "shares" in Etoro have never seen a lit market. So by selling them there and getting them to CS will ad 100 to the lit market and never put any sort of down pressure on GME, only UP! +Guten Morgen to this global band of Apes! 👋🦍 + +Thank you to everyone who joined us for the extended session yesterday! We are back to the normal 2 hours before pre-market. + +I usually write a few paragraphs in my intro, but for some reason am having trouble writing something that I don't immediately want to rewrite. +At this point, I think I'm going to just leave it simple for today, and ask that you share your excitement to HODL GME. +You'd be surprised at how infectious your excitement can be. + +Today is Tuesday, July 5th, 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: **$122.76 / 117,42 €** *(volume: 27)* +- 🟩 115 minutes in: $123.07 / 117,71 € *(volume: 27)* +- 🟩 110 minutes in: $123.05 / 117,69 € *(volume: 23)* +- 🟩 105 minutes in: $123.04 / 117,69 € *(volume: 21)* +- 🟩 100 minutes in: $122.98 / 117,62 € *(volume: 18)* +- 🟩 95 minutes in: $122.91 / 117,56 € *(volume: 18)* +- 🟥 90 minutes in: $122.77 / 117,43 € *(volume: 16)* +- 🟥 85 minutes in: $122.77 / 117,43 € *(volume: 16)* +- 🟩 80 minutes in: $122.82 / 117,47 € *(volume: 13)* +- ⬜ 75 minutes in: $122.75 / 117,41 € *(volume: 13)* +- ⬜ 70 minutes in: $122.75 / 117,41 € *(volume: 13)* +- ⬜ 65 minutes in: $122.75 / 117,41 € *(volume: 12)* +- 🟩 60 minutes in: $122.75 / 117,41 € *(volume: 12)* +- ⬜ 55 minutes in: $122.64 / 117,31 € *(volume: 12)* +- ⬜ 50 minutes in: $122.64 / 117,31 € *(volume: 7)* +- ⬜ 45 minutes in: $122.64 / 117,31 € *(volume: 7)* +- ⬜ 40 minutes in: $122.64 / 117,31 € *(volume: 7)* +- ⬜ 35 minutes in: $122.64 / 117,31 € *(volume: 7)* +- 🟥 30 minutes in: $122.64 / 117,31 € *(volume: 7)* +- 🟥 25 minutes in: $122.65 / 117,31 € *(volume: 7)* +- 🟩 20 minutes in: $122.68 / 117,34 € *(volume: 7)* +- 🟩 15 minutes in: $122.65 / 117,31 € *(volume: 7)* +- ⬜ 10 minutes in: $122.64 / 117,30 € *(volume: 7)* +- ⬜ 5 minutes in: $122.64 / 117,30 € *(volume: 3)* +- 🟥 0 minutes in: $122.64 / 117,30 € *(volume: 3)* +- 🟩 US close price: $123.42 / 118,05 € *($123.80 / 118,41 € 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 1.0455. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +[https://www.irishtimes.com/business/technology/google-used-double-irish-to-shift-75-4bn-in-profits-out-of-ireland-1.4540519](https://www.irishtimes.com/business/technology/google-used-double-irish-to-shift-75-4bn-in-profits-out-of-ireland-1.4540519) + +&#x200B; + + + +[Google](https://www.irishtimes.com/topics/topics-7.1213540?article=true&tag_company=Google) shifted more than $75.4 billion (€63 billion) in profits out of the Republic using the controversial “double-Irish” tax arrangement in 2019, the last year in which it used the loophole. + +The technology giant availed of the tax arrangement to move the money out of Google [Ireland](https://www.irishtimes.com/news) Holdings Unlimited Company via interim dividends and other payments. This company was incorporated in Ireland but tax domiciled in [Bermuda](https://www.irishtimes.com/topics/topics-7.1213540?article=true&tag_location=Bermuda) at the time of the transfer. + +The move allowed Google Ireland Holdings to escape corporation tax both in the Republic and in the [United States](https://www.irishtimes.com/topics/topics-7.1213540?article=true&tag_location=United+States) where its ultimate parent, Alphabet, is headquartered. The holding company reported a $13 billion pretax profit for 2019, which was effectively tax-free, the accounts show. + +A year earlier, Google Ireland Holdings paid out dividends of €23 billion, having recorded turnover of $25.7 billion. + +Google has used the double Irish loophole to funnel billions in global profits through Ireland and on to Bermuda, effectively put them beyond the reach of US tax authorities. + +Companies exploiting the double Irish put their intellectual property into an Irish-registered company that is controlled from a tax haven such as Bermuda. Ireland considers the company to be tax-resident in Bermuda, while the US considers it to be tax-resident here. The result is that when royalty payments are sent to the company, they go untaxed – unless or until the money is eventually sent home to the US parent. + +The “double Irish” was abolished in 2015 for new companies establishing operations in the Republic. However, controversially, it allowed those already using it until the end of 2020 to phase it out. + +Google overhauled its global tax structure and consolidated its intellectual property holdings back to the United States in early 2020, meaning 2019 was the final year in which it availed of the arrangement. + +Up to late 2019, Google Ireland Holdings Unlimited Company was an intellectual property licensing company with turnover derived from the licensing of IP to subsidiaries. The accounts state it had no employees and that it was tax resident at the time in Bermuda, where the “standard rate tax is 0 per cent”. + +Commenting on the movement of the profits out of its Irish unit, a spokeswoman for Google said: “In December 2019, in line with the OECD’s base erosion and profit shifting (BEPS) conclusions and changes to US and Irish tax laws, we simplified our corporate structure and started licensing our IP from the US, not Bermuda. The accounts filed today cover the 2019 financial year, before we made those changes. + +“Including all annual and one-time income taxes over the past ten years, our global effective tax rate has been over 20 per cent, with more than 80 per cent of that tax due in the US,” she added. + +The accounts state that Google Ireland Holdings Unlimited Company became tax resident in Ireland from January 1st, 2021, and that it now just operates as a holding company. + +Turnover for the holding company rose from $25.7 billion in 2018 to $26.5 billion in 2019. The increase was primarily due to a rise in turnover recorded by the company’s subsidiaries, which results in higher royalty payments. + +Dividend income from shares in group undertakings jumped from just $2.9 million in 2018 to $597.5 million a year later. The accounts also show a $3 billion increase in research and development costs in 2019, with the company incurring R&D expenses of $10.4 billion under a cost-sharing agreement with other Google entities globally. + +Google Ireland, the tech company’s main operating Irish subsidiary with over 4,000 employees, recorded €45.7 billion in revenues in 2019 with pretax profits amounting to €1.94 billion. It paid €263 million in tax that year, down nearly €9 million versus 2018. + +It is estimated that US multinationals were holding more than a $1 trillion in profits offshore via mechanisms such as the double Irish and the so-called Dutch sandwich by the end of 2017. Tax cuts introduced by former US president [Donald Trump](https://www.irishtimes.com/topics/topics-7.1213540?article=true&tag_person=Donald+Trump) in 2019 have led to some of those profits being repatriated to the United States. +I dropped out of highschool a few months past 18. + +My mom lost her job (didn’t want to work anyways), I was doing horrible in school, so I figured it would be best for me to start working. + +I hit the ground running. + +I worked a few odd jobs before I went into grocery retail. I worked at Kroger for 7 years, and Albertsons (Safeway) for over 3. + +When I met my wife, I was fed up with the pay ceiling and the dead end job, she pushed me to do better, and so I did. + +I went to a few GED classes, took the tests, and passed. + +My first big move was into a call center making $12 an hour, the same I made at Albertsons. But with more hours. I was working a straight 40 instead of the random 20-30 a week. So I was making about $25k a year. + +I quickly left a started work as a Facebook content moderator making over $32k ($35k after bonuses). I put in for a promotion, and my pay was bumped up by another $5k. +We ended up getting raises, so I before I left I was making $45k. + +I feel in love with internet trust and safety, and out the time in networking and studying different aspects of it. + +In July I applied to my dream company and was accepted. My pay jumped up to $68k with a raise coming next month taking me to $72k + +I spent $150 for those GED tests and applied myself. It paid off. +Every single job, after grocery retail, required that I have proof of it. +I’m still taking care of debt, but we’re getting there. + +I highly encourage you , that if you don’t have your GED, go out and get it. +Some cities/states have special programs where you don’t even have to pay for it. + +It helped me and is getting us to a place of financial security +I've got my hecs down to the last 1500 and am about to start a new job. I've got no other debt, and I'm tempted to just pay it off in a voluntary contribution to avoid the indexation and the hassle of trying to get my new job to stop deducting the repayments 4 months into the year. Is this a bad idea? +I seriously do not see the point in buying mutual funds. The institution through which one invests in them takes a cut and the vast majority of the time they underperform the market, statistically. Is it just because it takes a few minutes every month to buy index funds? Or do people perceive it as risky? What’s the argument in favour of mutual funds as opposed to broad based index etfs? +Good evening everybody, hope you've had a nice weekend! + +**The Background** I've had the good fortune of starting my first real, full-time job out of college. I'm making just under $49K per year, and over the next 4 years that'll progressively rise to around $115K. + +I'm trying my best to start off running: I'm living at home for the next 3 years or so, maxing out a Roth IRA, putting money into my 401K (5% + 5% matched), and I've set up an Ally account to automatically take about 50% of my remaining paycheck for my emergency & investing funds. + +**The problem** I live in a pretty wealthy area; when half the cars on the road and in my office parking lot are Audis and Teslas and BMWs, it's not long before I start to dream beyond my Toyota Camry. Or I start to think about fun weekend trips to do with my girlfriend, when the trips start turning into thoughts of big vacations. Et cetera, et cetera... + +**The question** How have you gotten into the FIRE mentality? What habits or activities have you implemented, and how effective would you say they've been? And how do you manage expectations that come with a growing salary? + +Thanks! +This is why we keep saying, don't get hung up on certain dates. + +Imagine we had access to the meeting room at Shitadel Securities, what we could do with all that intelligence? + +Well... we don't have access to that. + +Guess what, though? They have access to *this* "meeting room"- in fact everyone does. + +In a battle, the one with the most information has leverage. + +They know exactly where we place our highest expectations, and what dates, and the sentiments behind them. + +And if I were them, and my strategy was to slowly erode the faith in the reality of what's happening, this is the approach I would take to maximise the effectiveness of my limited (albeit vast) resources. + +There has been DD about long whales trying to cause Max Pain for Shitadel & Co. While this may be true, the counter-attack would be to create Max Disappointment for retail, don't you think? + +It's always been simple + +BUY & HOLD, right? +Happy thanksgiving everyone. With thanksgiving, some of us will have spent time with our family or friends. I did so this evening, and we got on the subject of trading out of nowhere (details aren’t really important). + +I refuse to tell anyone who doesn’t also trade about my trading. + +Do you tell people what you do? + +I figured at first - if I ever am able to do it and started making consistent money I would tell people. + +Then as we got on this subject I got to hear everyone’s opinion. It was obviously not positive. This past year I’ve only told other people I know that trade, this reddit, and one other friend in the beginning - who told me I was an idiot (so that is when I resolved to stop telling people about this if we got on the subject of interests). + +So it got me thinking; I will probably NEVER tell people - either way - profitable or not profitable - my family and friends will not know. I don’t need the shit. I hear it in my head already no matter how much I’ve made/how long I’ve been profitable. How much I saved/invested elsewhere. It wouldn’t matter. It will still be about how I would fail at some point and lose all my money. I’m an idiot. +I know it involves risk, yes I accepted the possible consequences when I started. The only point is I don’t need shit. + +Do you all keep it a secret too? +Hi all, I thought I'd make a thread for strategies, mindset and processes that low and middle income earners can utilise. + +Majority of threads around here seem to be of people earning over 80k a year. + +I'm talking about advice in relation to people on minimum to middle income wages. + +Post your ideas, advice and let's get information out for the majority of Aussies! +I hit a major FI milestone today - $1 million net worth ($1,010,261) - and wanted to share as encouragement for those like myself who constantly look at their projections, often daunted, wondering when they’ll hit certain points along the way. + +I used to graph out projected FI milestones on a near daily basis at work. I would feel overwhelmed by how far out those dates seemed. Rest assured, that time passes faster than you expect! + +Some background: I grew up in a family that struggled financially, living paycheck to paycheck. I began teaching and performing music for income at a young age (14) and would contribute to household expenses. My father was unemployed the vast majority of the time and I decided early on I didn’t want to have those same struggles over buying groceries later in life. + +I went to a fairly prestigious university - 95% covered through scholarship and work study. Thankfully didn’t graduate with much debt. I graduated college in 2009, at the bottom of the recession, which helped further instill a frugal lifestyle. + +After reading books like Walden I realized I need very little to feel fulfilled and happy. I would view it as a game, taking backpacking trips through foreign countries, not spending a dime of my own $ and playing street music to pay for hostels and meals. In 2012, despite having a decent job with $63k salary, and ~$90k saved up, I decided to sublet my apartment for 4 months and squatted in an abandoned building next to where I worked (extreme, I know). Notably I had a great time doing this and it wasn’t quite as destitute as it sounds. + +While on a high bike ride in a forest preserve one day (took a half day from work) I decided I wanted to have the option to bike, read, or travel whenever I wanted without the burden of day jobs. This is when I began aggressively formulating investment strategy and churning through the classic FI books and forums to reach that end-goal. MMM, MadFIentist, and Jlcollinsnh have been invaluable tools. It was so reassuring to hear about entire communities built around the FI concept. + +In 2013 I purchased a multi-unit apartment building that cash-flowed enough to cover all of my living expenses - with me living in the cheapest, basement unit. From that point on, 100% of every dollar I made could be invested. The Intelligent Investor and Four Pillars of Investing have been integral in shaping my portfolio over the years. + +From there it’s just been a slow build to today. I’m mostly an index investor and my paychecks go straight to my Vanguard account. It feels great having F-you money, as Jim Collins says. I quit a soul-sucking job this past year and took 8 months to myself as a trial FIRE. It was amazing. I expect to pull the trigger and officially FIRE sometime within the next two years. + +If it were just me I’d have FIREd years ago. Now my primary concern is covering my mother’s retirement in its entirety. If anyone has much experience in this area I’d love to hear it! + +TL;DR Surpassed $1 million net worth through extreme frugal living, a multi-family RE purchase to cover my living costs, and subsequent index investing. + +I have developed a code for Reinforcement learning to trade ES-mini futures options. The code simply has 2 parts: + +First part downloads 5 secs ohclv for ES futures stocks prices with the next delta 60 options (calls and puts) for the next expiring date in the week. Then I use TA-Lib library to calculate RSI, MACD, ATR, EMA, SMA and BB. + +Second part is an openAI Gym for reinforcement learning using Tensorflow with 2 LSTMs layers and 2 Dense layers to train on using the data to optimize rewards according to TA.\*\*added Note: some parts of this part of the code were taken from the lazy programmer class for tensorflow lecture q-learning. for more information about which part were taken and from which code please check the [readme.md](https://readme.md) in the main repository for this project.\*\* + +code: + +[https://github.com/spawnaga/RL\_trade\_ES\_futures/blob/master/ES\_fut\_RL.py](https://github.com/spawnaga/RL_trade_ES_futures/blob/master/ES_fut_RL.py) + +((I am attaching a sample csv file for the data to use in the original github repository in case no IBKR account is available to download the data)) + +Now, this code works fine with no errors but the results are not very promising like random actions can lead to similar results. This project is for a personal use and I am ok to share it with someone interested in developing the idea and improving the results. (note: I know RL and ML can produce a black box policy (unknown policy) and is not going to dramatically improve returns but this project is only for fun and exploration, trying to disapprove the common theory that "ML is not useful for profitable trading") +I’m about to be jobless. My 401k is $120k. Another post got me thinking, about a Roth. Current Roth is about $100k. IRA is about $800k. Since I’m 56 with health issues, I want to limit income to get a rebate on ACA insurance. Do Roth vs IRA withdraws affect “income” amounts for ACA? Wife is 1099, $10k to $40k per year. I generate $110k of cash flow into my accounts via options and dividends. +My wife and I are both 60, both employed, both have ok retirement plans and we expect to retire securely with an average, low risk, comfortable lifestyle probably in the next 5 years. We are currently debt free with no mortgage and no car payments. We maintain enough post tax liquid assets for probably 2 or 3 years of simple expenses. I've been very happy with that state, and honestly kind of proud of it as well. + +But I have at least 5 close friends, basically the same age as me, all now or soon to be "empty nesters", all going into 30 year $400K+ mortgage debt because "money is cheap", "debt is good!", "put your equity to work for you". In fact, I cannot name a single friend or acquaintance my age that is debt free. + +Am I wrong? What am I missing out on? +I had 8,000 shares of thescore in my TFSA that I sold at 2.15 to prepare for a house I was about to buy in a few months. Felt it was too much risk because of the recent volatility so I sold. + +Three days later, it’s at 3.4. I held the stock for over two years and bought in at 0.48. Three. Days. + +Would make me feel a lot better to hear of some nightmare stories that are far worse than mine. + +Edit: thank you everyone for sharing both your misery and wise words of advice. I feel a lot better. On to the next one! +For whatever stupid reason after I left the Royal Navy after 8 years (16-24) I decided to hold out (opt out)paying a pension contribution at my new employer. I somehow thought the extra 100 odd quid on my bank was more valuable to me at that moment. + +When I was 29 I decided to sign up to their pension scheme, and now I’m 32 and continue to pay and will always pay into this scheme. I don’t intend to ever leave this organisation (never say never) it’s interesting, secure, close by and has an exceptionally flexible work life balance. + +Have I left it too late to be flexible or should I have taken advantage of those extra 6 years in the pension scheme, I suspect I will have to work til 66/67 now to compensate for the loss. Do I need to set up a private pension? I’m hoping my 8 years of military service will help top my pension up. + +I earn 40k a year, my pension contribution is 5.5% and my employer adds 27.5% (yes it’s a very good pension Civil Service). + +Thanks for you opinions +What are the best places to purchase land or plan to live? + +I’ve regularly heard the Great Lakes region come up as a good candidate for climate resiliency. + +What about outside the US? +OK can we please have a technical discussion regarding the scalability of Cardano? Instead of the regular super highly upvoted moontalk (I know this thread will probably be downvoted to oblivion). + +Cardano currently only handles 7 transactions per second on-chain. Ethereum currently handles 12-15 transactions per second on-chain. By tweaking some parameters in the future Cardano could potentially scale to 50 transactions per second on-chain which obviously still isn't enough for real world adoption. Cardano will scale off-chain with layer 2 solutions (Hydra). But they are awfully behind their competition in developing layer 2 support. + +Don't take my word for it, even Cardano devs on their own subreddit admit all this. + +See here: [https://np.reddit.com/r/CryptoCurrency/comments/mxjf0w/psa\_cardano\_ada\_runs\_at\_seven\_7\_transactions\_per/](https://np.reddit.com/r/CryptoCurrency/comments/mxjf0w/psa_cardano_ada_runs_at_seven_7_transactions_per/) + +And here: [https://np.reddit.com/r/Cardano\_ELI5/comments/la7ptu/how\_many\_transactions\_per\_second\_tps\_can\_cardano/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://np.reddit.com/r/Cardano_ELI5/comments/la7ptu/how_many_transactions_per_second_tps_can_cardano/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +So why do so many people think that Cardano is faster than Ethereum? + +Also, I made this same post intended to discuss the scalability of Cardano two days ago. It quickly rose into the top 50 posts until a bot deleted it from the frontpage stating "there are already 2 posts about this coin in the top 50". But guess what, there are always 2 non-critical moonboy posts about Cardano in the top 50. So it's very unfortunate that technical discussions about this coin have no place on [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/). I will therefore keep posting this daily, until the day a bot doesn't delete it. + +Edit: Since this time, this post didn't get deleted, I will add this. I have nothing against Cardano. But I have noted that there currently exists a widespread lack of knowledge regarding the scalability of blockchains in general and Cardano in particular. This is an extremely hard technical problem that haven't been solved for over 10 years. Cardano is not offering a unique quick fix to this anytime in the near future. But I am happy that we now have more projects than ever (including Cardano) that are working on it. +It seems to be a common assumption around here that Musk’s latest political tweets could alienate Tesla’s main customer base: democrats. But instead of debating about whether or not that’s true, let’s first look at if it’s even accurate to assume that most Tesla buyers are democrats. + +Luckily, theres data for that and the results were disclosed in Feb ‘22. [Leta take a look at the key findings of that survey.](https://www.cnn.com/2022/02/03/cars/tesla-buyer-politics/index.html) Keep in mind, these results came out long before his latest claim to be voting Republican. + +First finding: “Surveys by research firm Morning Consult show that in January about 22% of Democrats were considering buying a Tesla, while 17% of Republicans were looking to purchase one” + +Second: “And Republicans are slightly more likely to trust the Tesla brand, 27% compared to 25% among Democrats.” + +Okay so far it’s looking pretty equal today. But how about in the past? + +Third: “Data from Strategic Vision, which has surveyed hundreds of thousands of car buyers, shows that since 2019, 38% of Tesla buyers have identified themselves as Democrats, and 30% have said they're Republicans. That's slightly less "liberal" than EV buyers overall, who skew 41% Democratic to 27% Republican.” + +So definitely a higher percentage being democrat. But far from the majority. + +And I saved the best for last: “Figures from the Internal Revenue Service show that only 22% of those claiming the credit had adjusted gross income of $75,000 or less, while 32% earned between $100,000 and $200,000, and another 43% earned between $200,000 and $500,000. The remaining 4% earned more than $1 million.” + +So Tesla buyers are rich. Though this data is only from people who were able to claim the $7,500 credit which as been long gone. + +And lastly: “The primary motivator to buy a Tesla is not because customers want to reduce greenhouse gases, Edwards said. His data show performance and styling are the biggest draws for most buyers.” + +My conclusion: It seems to me like whether someone is a democrat or not isn’t as much of a factor as Reddit assumes. Having enough money to buy one is. As is Tesla maintaining its “cool factor”. + +Edit: since the income numbers are a little wonky and outdated, I’ve found one that is more current [here](https://hedgescompany.com/blog/2019/03/tesla-model-3-demographics-income/). It looks like the average household income of a model 3 is $134,000 as of 2022. So still a lot but not as crazy as the other numbers made it seem. +I've been holding for a while now at $367, I don't remember the last time I saw green. I use to shout for help, but I have lost my voice. Have you all forgotten me? I'm holding and holding, but it's getting colder every day. The news is saying its a losing battle, its been nothing but dips. Why do the lil guys always lose in the end? Please don't let them win this time. I said I would hold until the end, and I will, I'm just afraid I might die here alone :( + +Edit: I'm 21, and work part time in a shop. I'm on a minus in my bank account, I've sold all my other positions and have put everything I managed to scrape together the last 2 years, into GME. I wish I could buy more, but I don't have anything else. +Myself and a friend have been algo coding for a around 1.5 years and we've got a tonne of strategies waiting to be coded. However since we both working 9-5 and have too much time going on. We're looking at hiring a developer to code the these strategies for us. We're going to optimize ourselves... + +Has anyone in this sub done something similar and if so, where did you go to find resource? I've looked around online and the prices vary massively. We not constricted to a tight budget... + +Essentially looking to see if anyone knows where to find good independent resource. We realistically need only 20-30 hours of someone's time a month. + +Thanks + +✅ HOGL is #2 trending on CoinMarketCap! This week has been huge for HOGL. + +Announcements from the dev include: + +🌟 announcement the dev will be creating an LTD company to push HOGL where it needs to go + +🎤 AMA with KentheCrypto yesterday + +🚀 breaking out with almost 17k holders.... that’s a growth of 4K holders in just a few days! + +💰 a MarketCap of 6 million + +🌟 Airdrops and staking also coming soon. + +🚀 HOGL on Coinsbit LIVE NOW + Bitmart soon + Tesla Giveaway! + +🚀 HOGL has been a complete rebrand with new logo and website launching within 2 weeks + +🚀 HOGL also has a deal with Coinsbit's marketing department to help push HOGL through all their channels. + +⭐️ WhiteBit front page banner live now + +🚀 Bitmart listing next Wednesday + +Other news: + +⭐️ WhiteBIT smart staking for HOGL added. Banner ads & E-mail marketing currently running! ✉️ + +⭐️ PooCoin promoted slot is now LIVE + +⭐️ Aiming to confirm 2 more exchanges ~ end of April 💰 + +🚗 In case you're living under a rock, you should also know that HOGL has announced a Tesla Model S giveaway! 🚗 + +🚘 TESLA GIVEAWAY: +Https://hogl.finance/Tesla.html 🚘 + +🌙 CHART: https://poocoin.app/tokens/0x182c763a4b2Fbd18C9B5f2D18102a0dDd9D5DF26 📈 + +🦎 CoinGecko: https://www.coingecko.com/en/coins/hogl-finance + +☎️ Telegram: https://t.me/HOGLfinance + +🐦 Twitter: @hoglfinance + +💫 Website: https://hogl.finance + +📈 CMC: https://coinmarketcap.com/currencies/hogl-finance/ + +As always, DYOR. +This is not financial advice. +Is this due to some genuine taxonomical difference between the two systems and real capitalism having never been tried or is it just a way of not having to actually defend the economic system you support? +Would it be possible to create an employee owned business that is effectively the same as a standard business in every way other than the distribution of profit? For example employees (or somebody representing employees) searching for and hiring somebody to do the same work typically done by a business owner and all fulfill all other roles in the company. Then economic profit could be split among employees rather than received by owners. + +Would this be possible? And if so, what downsides might there be? +I have a communist friend who generally blames capitalism for everything bad in the world. The other day she said that China is the most capitalist country in the world to which I countered that China has massive restrictions on foreign investments and ownership. She then told me that this is state-capitalism, whicj to me sounds like an oxymoron. + +Tl;dr: Is state-capitalism a valid term acknowlegded by economists? +Why is the central bank mechanism of interest rates so rigid? + +Lower the rates to artificially low levels and it creates an asset bubble; raise it too high to cool off the market and you have a recession leading to job loss etc.. why such a rigid binary. + +Instead, why not have drastically varied rates of interest based on what you’re using the loan for? + +Starting a new business? Super cheap loan. + +Using it to speculate and buy your 10th home helping inflate housing prices making it more unaffordable for everyone else? Here’s a loan but it’ll be really really expensive. + +I guess this strategy would require more regulation which some people are opposed to but I mean compare that to now where interest rates are a one way street, it affect landlords and new business owners equally; wouldn’t the alternative make more sense? + +Thanks in advance. +Ok, I'm not sure I'm expressing myself clearly in the title, but let me try one more time now. + +I'm a junior economics major and lately I've been in a sort of crisis because I feel like I'm not sure what economic ideas I believe in anymore. Don't get me wrong, I love reading anything that has to do with the subject. Thing is, I just feel like, for somebody as skeptical as me, it's tough to remain convinced of anything I learn. I used to blindly agree to mainstream econ when I first started studying this, but then I was introduced to different schools like Marxism, the Austrian School, New Keynesianism etc. and it made me realize things are not as simple as I supposed they were. Now, however, I feel like I don't have the tools to discern what is good and bad economics. Sure, I know marxist theory or austrian theory are not exempt of criticisms, but neither is orthodox economics. And what's worse is that I feel I'm not capable of criticising them on my own: I always depend on somebody else's analysis of the state of modern economics, his/her interpretation of Marx and Von Mises, etc etc.; so I don't know how much to trust their opinions either. + +And I look around me and it seems as if everybody I study with just CHOOSES what to believe in (Austrian/Keynesian/New Classical/etc) instead of deeply analyzing all theories and accepting what seems to be the most rational school of thought for them. + +So in summary, what is there to do for me? It's like there's a counterpoint for every argument and I'm not capable of sorting out on my own which is more reasonable. Is there anything I could read to find out what different methodologies each school of thought uses, where exactly do they differ and how scientifically valid are their theories? + +I'm not sure if I'm asking for too much, but I'd honestly appreciate any kind of response. +Obviously it wouldn't be good because it destroys the economy etc. But on an individual level, if you owed like say 100million, and you only had 10000 in your name and the currency gets inflated so much that you now have 100million and can pay off your debt. + +So hyper-inflation is good for some? Or am I missing something? Yes, this is an extreme example +I’m from a nation where we have a nationalised healthcare system and the data seems to show that it’s more cost effective and practical than the current American system is. I was wondering if there was any potential implementation of a universal healthcare system that was economically viable in the us? Is there any data that might indicate one way or the other? + +Thank you. +I've seen sources say it causes rents to increase in the long term which makes no sense to me. If rents increase, then what is actually being controlled with "rent control"? + +Or do these long-term rent increases happen because rent control gets removed after a period of time? +Hi guys, feel free to delete if not appropriate. +Im interested to see where everyone gained their knowledge of finance/economics, just to compare to what i was exposed to growing up. + +Was pretty much sold the aussie property story by my parents and everyone else i knew, i.e. shares bad, houses good. I did business studies at high school for a year but nothing beyond that, as such only started getting interested in finance about 2 years ago after reading barefoot and various investing books. + +Curious to see how many of you were educated/sat down by those who raised you vs those who gained an intrest via uni or work. Only as I've grown older have I realised how poor our education system in terms of teaching people how to managing personal finance, especially when we have things like super that so few people seem to care about despite its importance. + +Keen to hear your back your experience/opinion on the matter. + +Edit. Just to clarify im not anti property- its done well for my parents and many other aussies, however it just seemed like the only thing alot of everyday people seem comfortable dabbling with which is a shame. For me this sub reddit has been a goldmine in expanding my knowlege. Cheers! +Hi to all, + +A while ago, I posted about having saved money and being new to investing. I got so much support and helpful advice. I read, lurked, and did my best and I have to say, I am LOVING feeling in control of my money and making regular contributions. I added up the total amount I wanted to invest from my savings, plus a set amount each pay I will continue each pay, and am putting it into investments. I have not cared one single bit about the dips and red/green/black whatever, I am just sticking to the plan. + +I have split my portfolio like this- and am totally open to feedback. I don't need the money for about 25 years: + +XEQT- 49% + +VGRO- 27% + +CNQ- 16% + +RY- 7% + +ENB- 3% + +Again, grateful for the wisdom of much more experienced investors. I have a lot more money to contribute, so please do let me know if I am on the right track here :) +Things I have personally found are as good as / better than more expensive brands: + +* Sainsbury's laundry detergent +* The Ordinary skincare products + +Any/all daily products welcome (groceries, household cleaning products, skincare, etc). +On Thursday I was in the shower and I received a text from my bank asking if I spent $100 at "Level up Smoothie King" in Boston, MA. Seeing as how I live in Tennessee and I'm trying to stay away from spending money, I knew it wasn't me. So I freak out and check my bank account and see that someone also spent $300 at Chick-Fil-A in Georgia for some reason. I immediately call my bank and get my debit card stopped and start filing a claim for the lost funds. Also I'll probably be switching banks because everyone I talked to acted like I wasn't gonna get my money back and that I was the scum of the Earth for bothering them. But all that aside, I was just curious if anyone else has had their card charged for that "Level up Smoothie King" in Boston. Because I Googled it and looked at the reviews and there are a ton of reviews saying that they stole money from them. Just seeing if it's happened to anyone else. Also wondering if I need to take any further steps. Poggers +Unlike China....... +================================================================================== +Ignore news designed to get your attention and to promote fear. +America never suppresses Innovation. +Innovations start and flourish in America. +========== +When they (the banks and recent crackdown on customers) fear you, they try to suppress you. But wait, innovation always wins. +========== + +Highlights from tomorrow's testimony from Securities and Exchange Commission Chairman- + +1. "These warnings are not an effort to undermine the fostering of innovation through our capital markets –**America was built on the ingenuity, vision and spirit of entrepreneurs who tackled old and new problems in new, innovative ways**. Rather, they are meant to educate Main Street investors that many promoters of ICOs and cryptocurrencies are not complying with our +securities laws and, as a result, the risks are significant." + +2. "Through the years, technological innovations have improved our markets, including through increased competition, lower barriers to entry and decreased costs for market participants. **Distributed ledger and other emerging technologies have the potential to further influence and improve the capital markets and the financial services industry**. Businesses, especially smaller businesses without efficient access to traditional capital markets, can be aided by financial technology in raising capital to establish and finance their operations, thereby allowing them to be more competitive both domestically and globally. And these technological innovations can provide investors with new opportunities to offer support and capital to novel concepts and ideas." + +3. "Said simply,**we should embrace the pursuit of technological advancement, as well as new and innovative techniques for capital raising**, but not at the expense of the principles undermining our well-founded and proven approach to protecting investors and +markets." + +================================================================================== +Highlights from Commodity Futures Trading Commission Chairman + +1. "Traditionally, there has been a need for a trusted intermediary – for example a bank or other financial institution – to serve as a gatekeeper for transactions and many economic activities. **Virtual currencies seek to replace the need for a central authority or intermediary with a decentralized, rules-based and open consensus mechanism. An array of thoughtful business, technology, academic, and policy leaders have extrapolated some of the possible impacts that derive from such an innovation, including how market participants conduct transactions, transfer ownership, and power peer-to-peer applications and economic systems.**" + +2. "...In fact, virtual currencies may be all things to all people: **for some, potential riches, the next big thing, a technological revolution, and an exorable value proposition; for others, a fraud, a new form of temptation and allure, and a way to separate the unsuspecting from their money.**" + +3. "The CFTC and SEC, along with other federal and state regulators and criminal authorities, will continue to work together to bring transparency and integrity to these markets and, importantly, **to deter and prosecute fraud and abuse**. These markets are new, evolving and international. As such **they require us to be nimble and forward-looking**; coordinated with our state, federal and +international colleagues; and engaged with important stakeholders, including Congress." + +4. "**We are entering a new digital era in world financial markets. As we saw with the development of the Internet, we cannot put the technology genie back in the bottle. Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes, and engaging in economic activity. Ignoring these developments will not make them go away, nor is it a responsible regulatory response. The evolution of these assets, their volatility, and the interest they attract from a rising global millennial population demand serious examination.**" + +5. "**With the proper balance of sound policy, regulatory oversight and private sector innovation, new technologies will allow American markets to evolve in responsible ways and continue to grow our economy and increase prosperity. This hearing is an important part of finding that balance.**" + + +Edit: I am adding the link to the documents posted on US Senate Commission on Banking, Housing and Urban Affairs Website +(https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission) +I live in Australia but still have investments in the UK so I follow both r/AusFinance and r/UKPersonalFinance, both of which are Personal Finance Subreddits. + +If you look in the AusFinance Subreddit it is full of wild speculation on the future of global markets. The top posts of the last week are almost exclusively commentary on the recent market volatility. Should I buy? Should I sell? People who had been preaching "time in the market is better than timing the market" selling their positions etc. The comments are full of arguments between bears and bulls. It's an absolute free-for-all, and very entertaining to watch. + +I come into UKPersonalFinance and the top post of the last week is discussing when it makes financial sense to start flying Business Class. There are a couple of posts asking what (if anything) investors should do differently but in general it's all been very sensible and business-as-usual. + +Just wanted to point this out and say that I really appreciate the calm and objective nature of this Subreddit. +Edit: for those saying FUD 😂 I don’t plan on selling for any less than GMEfloor.com. I just want a plan to buffer the attention until I can emerge from my cave of tendies since I’m a young ape in my twenties. + +Edit 2: yo dis be my most popular post I think; hi mum, I wanna thank god, me mum, and DFV. but srsly thanks for the awards. I actually read every single comment and commented where I wanted. Y’all some funny mofos. + +know for one that I may or may not have told personal acquaintances along this 8 month journey that I was in GME; dad, step-mom, brother, a few friends, etc. + +As time has gone on, and the seriousness of the MOASS has become more and more real, I’ve become less and less confident in the imaginary, idealistic reality, that my family members/friends would not view me different, grow to resent me, expect things, maybe even do some shady shit. Certainly, NOTHING will be the same. + +So, I encourage everyone who is in the same boat as me - where close associates are aware of your poison in GME and intention to sell at $55M+ — to lie when the MOASS happens. + +When they blow up your phone during MOASS telling you to sell and “make back your investment” at $10,000 a share like a 📄 🙌🏼 just tell them you did. + +It’ll be better that your close associations think you made $100k then for them to know you have $100M+. + +It’s okay to lie. +It’s okay to think of yourself. +Power to the Players. + +💎 🙌🏼 +I am going into my senior year of college. I want to get into real estate when I am finished. I currently have about 11k saved up. My credit score is ~740 although not very long. (Oldest 2Y 7mths). I know some articles are predicting for the housing market to come down anytime soon now. If I were to need I down payment I’m sure I could get my 11k to at least 20k. If you were in my shoes would you try to jump into real estate investing? Do you think I would be able to get a good loan? I do not want to just hold the money and it does not grow. I named the title duplex because that is most likely what i would be trying to secure. + +Hope I used the correct flair, if not sorry. +Why would a good sized investment company, which owns over a thousand units between dozens of apartment buildings and town houses in two states, hold on to empty lots for so long? + +In about 2009, the company prepped multiple single family home lots with all utilities, roads, sidewalks, and curbs, and then essentially abandoned them. They’re in a premiere neighborhood with views. They have never been listed for sale. + +I’ll be calling them myself next week, but I wanted to find out if anyone can think of any reasons? Thank you. +Due to the positive feedback to [my previous study](https://www.reddit.com/r/financialindependence/comments/6p12ni/a_study_of_100_stocks_and_fire_sweden_18702016_17/) on the stock market of Sweden, I decided to take a stab at the US markets. + +Using Robert Shillers data, I have plotted all possible retirement periods from 1871 in the following graphs. Comments are located within the images. Black color inside a square means "portfolio failure" (value is less than zero). All returns are real, meaning including inflation and with reinvested dividends. + +Diagonal lines show 30-year, 45-year and 60-year periods. + +100% stocks|80% stocks, 20% bonds|60% stocks, 40% bonds|50% stocks, 50% bonds|40% stocks, 60% bonds|20% stocks, 80% bonds| +------------|------------|------------|------------|------------|------------| +[Introduction and guideline](http://i.imgur.com/yh7Bgps.png)| +[1% WR](http://i.imgur.com/LjR2FZQ.png)| +[2% WR](http://i.imgur.com/JScOX4l.png)| +[3% WR](http://i.imgur.com/i9SOyRY.png)|[3% WR 80/20](http://i.imgur.com/HYrS1q0.png)||[3% WR 50/50](http://i.imgur.com/FLdmyO5.png)||[3% WR 20/80](http://i.imgur.com/66cRdCH.png)| +[4% WR](http://i.imgur.com/e0YSGam.png)|[4% WR 80/20](http://i.imgur.com/0z6kYmq.png)|[4% WR 60/40](http://i.imgur.com/XsaYmPK.png)|[4% WR 50/50](http://i.imgur.com/q9e60yO.png)|[4% WR 40/60](http://i.imgur.com/M0i6atl.png)|[4% WR 20/80](http://i.imgur.com/xcO1rg5.png)| +[5% WR](http://i.imgur.com/fpihAYw.png)|[5% WR 80/20](http://i.imgur.com/KQWbDKw.png)||[5% WR 50/50](http://i.imgur.com/6GaQbR5.png)||[5% WR 20/80](http://i.imgur.com/RqJpUq5.png)| +[7% WR](http://i.imgur.com/3Ny2YWO.png)|[7% WR 80/20](http://i.imgur.com/jO9xgSo.png)||[7% WR 50/50](http://i.imgur.com/KZ0M0EW.png)||[7% WR 20/80](http://i.imgur.com/K5nJaEH.png)| + +Compared to the swedish stock market, the US markets appear much more stable, especially around the world wars. + +On the other hand, the 70s seem to have been harder for the US than for Sweden. + +I was surprised to see the number of perpetually successful portfolios in the 4% WR case, I hope that it matches the existing studies. + +Please comment, it is now fairly easy to modify these graphs in case some special analysis is requested! + +Note, I might be "off one year" on the X-axis for the bond mix pictures, but this does not affect overall conclusions. Basically the triangle should be shifted one step to the left. + +Data source for stock returns: Shiller: http://www.econ.yale.edu/~shiller/data.htm +Data source for bond returns: http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html (I have used the 10-year treasury bonds values) + +It appears that a similar spreadsheet called ["Simba's spreadsheet"](https://drive.google.com/file/d/0B0svRQGBG_eaSER0d3hFSjExYlE/view) exists where you can play around with different asset classes over longer periods of time. It is probably useful if you want to generate similar visualizations on your own. + +EDIT: Big thanks for the Reddit gold! I enjoy this type of long-term historical analysis, so there might be more to come some time in the future... +Everything I’ve read talks about how stock splits increase a stock’s attractiveness to a “wider” audience (aka poorer investors). But how does that matter in an age where you can just buy pieces of stock? Is it just a psychological play to change the perception of a stock’s affordability? Even though now all stocks are (at least partially) affordable? + +EDIT: +Taking the popularity of this post as at least a sign that I'm not the only one who was confused. Lots of good points here that I hadn't considered - mainly the effect price per share has on the options market. + +That said, I feel like the options market is a big reason why folks feel like the market is disconnected from reality (and gamified). I wonder if this plays into why BRK-A never got a split. Maybe Buffett knew that derivatives are cancerous, so having an obscene price effectively insulates it from anything outside of buy-and-hold plays. + +Also, never knew the Dow was weighted by stock price instead of market cap. What a crock of shit. +This is a video that shows exactly how NOT to trade. A few days ago I got caught in a squeeze on NVTA, and for some reason that day I broke every single one of my rules: + +- Don’t trade earnings stocks +- don’t walk away during a trade (went to go take a poop) +- Don’t add to losers +- Cut small losses + +This was an expensive lesson, and it really taught me that you can never let your guard down in the markets. + +https://youtu.be/qBBQE8-QPy4 +Hi. 19 year old driver here with 2 years of experience + around 40,000 miles with no tickets or accidents. Rear ended someone today who stopped at a yield with no oncoming cars. Was busy looking to see if there was oncoming cars and didn’t notice the lady in front of me. Slowed down significantly from 30 mph and hit her at around 5-10 mph (no dents on either of our bumpers and only minor scratches). + +As soon as we crashed, she stopped in the middle of the road and I pulled into a business right where the accident happens. She doesn’t get out of her car until 5 min later and just walks over to my license plate and takes a picture. I offer her $300 cash for the damage on her car and to not have to deal with the hassle from the cops and insurance, and she doesn’t say a word. I have insurance, I just did not want to deal with the headache. She was an old Indian lady, so maybe she didn’t speak English?? + +Cops come and ask for license, registration, and insurance. Was fumbling to find my registration and never gave it to him (it’s my grandmas car and was very flustered). He said it’s fine if you don’t have registration, license and insurance is enough. He comes back to my car and hands me back all of my papers, without giving me any ticket?? Do cops just not give tickets for minor fender benders? + +The cop also informed me that the lady had reported back pains. However, he kept assuring me to relax and reassured that this was only property damage. I asked how it is only property damage if she said her back hurts. Wouldn’t this be bodily damage? He was also talking to her for a VERY long time compared to me. + +Sorry for the rant. I’m 19 years old and have no idea how this works. Didn’t get her name or insurance. I think the cop not giving a ticket is a good thing? But please correct me if I’m wrong. Any insight would be greatly appreciated :) +Guten Morgen to this global band of Apes! 👋🦍 + +If there is one thing that is clear to me throughout this movement, it is that Apes are willing to *WORK* for their investment in GME. Apes know what will work against the SHFs. Buying shares *works*, whether there's a dip or not. HODLing with Diamantenhände *works*. DRS *works*, putting your shares in your own name and preventing any sort of borrowing, internalizing, or other manipulation with the stock you own. Apes developing DD, analyzing theories, and encouraging other Apes *works* by sustaining this community. + +I believe that we are being reminded that BUY, HODL, and DRS *WORKS*, and as long as we keep putting in the work we'll continue to thrive in this movement. + +Today is the final day of the month, which often has a spike in Reverse Repo utilization. Will we see a new record? Will the highly-speculated Margin Call Monday materialize today? Let's see if the German markets give us any clues! + +Today is Tuesday, November 30th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$199.90 / 177,27 €** *(volume: 1272)* +- 🟩 115 minutes in: $199.91 / 177,29 € *(volume: 1256)* +- 🟥 110 minutes in: $199.90 / 177,27 € *(volume: 1253)* +- 🟥 105 minutes in: $200.06 / 177,43 € *(volume: 1193)* +- 🟥 100 minutes in: $200.25 / 177,59 € *(volume: 1173)* +- 🟥 95 minutes in: $200.52 / 177,83 € *(volume: 1133)* +- 🟩 90 minutes in: $200.83 / 178,10 € *(volume: 1119)* +- 🟥 85 minutes in: $200.73 / 178,01 € *(volume: 1102)* +- 🟩 80 minutes in: $200.76 / 178,04 € *(volume: 1080)* +- 🟥 75 minutes in: $200.76 / 178,04 € *(volume: 1058)* +- ⬜ 70 minutes in: $200.92 / 178,19 € *(volume: 1057)* +- 🟥 65 minutes in: $200.92 / 178,19 € *(volume: 1042)* +- 🟥 60 minutes in: $201.04 / 178,29 € *(volume: 979)* +- 🟩 55 minutes in: $201.08 / 178,32 € *(volume: 974)* +- 🟩 50 minutes in: $201.07 / 178,31 € *(volume: 938)* +- 🟥 45 minutes in: $200.91 / 178,18 € *(volume: 934)* +- 🟩 40 minutes in: $201.18 / 178,41 € *(volume: 929)* +- 🟥 35 minutes in: $201.08 / 178,32 € *(volume: 924)* +- 🟥 30 minutes in: $201.38 / 178,59 € *(volume: 922)* +- 🟩 25 minutes in: $201.92 / 179,07 € *(volume: 829)* +- 🟩 20 minutes in: $201.40 / 178,61 € *(volume: 669)* +- 🟥 15 minutes in: $201.30 / 178,52 € *(volume: 648)* +- 🟩 10 minutes in: $201.33 / 178,55 € *(volume: 619)* +- 🟩 5 minutes in: $201.01 / 178,26 € *(volume: 333)* +- 🟥 0 minutes in: $200.94 / 178,20 € *(volume: 133)* +- 🟩 US close price: $202.01 / 179,15 € *($204.50 / 181,36 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1276. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I'm a social science moron so please forgive me. + +Many are saying we could be heading for Inflation. Where I live, basically everything across all industries has substantially increased in price. + +Why would you buy real estate in an Inflationary envorionment? Can someone explain please? + +Bob can afford 1mm at 1.5% + +Bob buys at 1mm for 3k a month + +Interest rate rises to 4% and Bob now pays $4500 a month + +Simultaneously, all the other jims can now only afford 800k @4%. + +Bob pays $4500 a month for an asset that's worth 200k less than he paid. + +Bob sells his house to Jim for 800k. Jim now pays $3000/month for an 800k house. + +What is missing? +Hello r/CanadianInvestor and r/PersonalFinanceCanada, + +Has there ever been a time where you felt that, if you started investing at your current age, it would **seriously** affect your ability to become financially independent? Well, I'm having that dilemma right now. + +My mother (55) recently opened a TFSA with Questrade because I encouraged her to invest (she had one with Tangerine and I found out they weren't an actual brokerage.) I chose XGRO because she doesn't seem to care too much about the stock market and the bonds will act as a hedge during the uncertainty ahead. + +She has a pension and used to have a RRSP but didn't know how to use it and closed it after. I'm coming up with a plan to help her with that. + +However, I'm wondering if even a consistent discipline of investing in the stock market will help with her goals. Should I try to encourage her to save in a HISA instead, take on more risk, or do something else? +Intense demand for Canadian apartment buildings has come roaring back, despite the pandemic, reigniting bidding wars between institutional investors for rental towers across the country. + +With private buyers lining up in spades again, older properties have become prized assets – especially those with recent vacancies. These buildings tend to charge rents far below market rates, which gives prospective investors a better chance to quickly increase vacant unit rents once the economy recovers. + +New rental developments, meanwhile, have lost some of their lustre. Rents in these properties were often priced at the high end of the market pre-COVID, in line with condo units, and the pandemic has hit this sector the hardest because international students have not flooded major cities as usual and many Airbnb units are being converted to long-term rentals, which boosts supply. + +The renewed hunger for rental properties, seen in a surge of bidding wars this fall that would routinely draw 10 or more interested buyers, technically extends a trend that erupted one year ago when Starlight Investments bought a portfolio of 44 dated suburban rental buildings for $1.7-billion. It was among the steepest valuations in Canadian commercial real-estate history, relative to the properties’ rental income. + +But as the pandemic engulfed the globe this spring, fuelling a national lockdown, Canadian apartment-building sales ground to a halt. In an instant, investors grew terrified by the prospects of plunging rent collections and mass unemployment, largely freezing the transaction market for multi-family properties, as rental buildings are referred to in commercial real estate. + +Such fears are now quickly disappearing, at least among institutional buyers such as real estate, private equity and pension funds. Rent collections remained remarkably stable throughout the pandemic, never falling below 97 per cent at Canada’s largest publicly traded multi-family REITs, and now that vaccines seem to be around the corner, sophisticated money managers are scrambling to buy Canadian rental buildings all over again. + +“The irony is,” said Brian Kriter, an executive managing director at Cushman & Wakefield, the market for Canadian rental buildings is “the most competitive it’s ever been.” + +Minto Apartment REIT recently bid aggressively on a large rental property known as Le Cartier in downtown Montreal next to McGill University, according to senior vice-president Dan Dixon, but didn’t even make it to the second round of bidding despite knowing the market well after some acquisitions there last year. + +Such heavy demand has pushed property prices into the stratosphere. “Investors are buying apartment buildings at valuations never seen before,” said Mark Kenney, chief executive officer of Canadian Apartment Properties REIT, the country’s largest publicly-traded rental building owner. While many property deals are private transactions, Mr. Kenney cited some recent sales in mid-town Toronto that were completed at capitalization rates around 2 per cent, an astonishingly low level. + +Cap rates, as they are commonly known, are the rate of return owners expect to earn on a property, measured by comparing anticipated rental income to a building’s value. The more expensive a property, the lower the cap rate. Five years ago, the average national cap rate was 5 per cent, according to CBRE Research. + +Many of the market fundamentals fuelling investor demand were in place pre-pandemic. Chief among them, Canada had seen hardly any new rental development for decades, which meant roughly 80 per cent of the country’s entire supply of apartment buildings was constructed at least 35 years ago, according to Starlight Investments. + +For a while, the condo boom added enough new rental units to satiate rental demand, because many owners would lease their units, but over time the demand overwhelmed supply, especially for more affordable rental units in major cities. The mismatch was only exacerbated by higher immigration targets set by the current federal government. + +In 2019, Toronto’s population grew by 127,575 people, but new completions of all housing types rose by 27,410 units. In Ottawa, the population grew by 24,796 people but only 5,936 dwellings were added. + +Because there hasn’t been enough supply of new units, the national vacancy rate fell to close to 2 per cent last year, according to Canada Mortgage and Housing Corp., and average national rents grew between 4 per cent and 5 per cent per annum in 2018 and 2019. These increases were even more dramatic for select properties, and just before the pandemic hit some large, multi-family building owners reported rents jumping 25 to 30 per cent when a tenant turned over. + +“Any time you can combine defensive attributes [such as low vacancy] with growth, that’s the holy grail for investors,” CBRE vice-chair Paul Morassutti said in an interview. + +What’s changed one year later is that investors can fund any purchases at even lower rates than before. In commercial real estate, mortgages are often priced off of 10-year Government of Canada debt. The yield on these bonds has fallen by almost half to 0.8 per cent over the past year. + +However, a sharp reduction in the number of newcomers to Canada, fuelled by the pandemic, has been a headwind this year. In major cities such as Toronto, dwindling numbers of international students have hit condo unit prices, and rents have been falling, especially for newly constructed apartment buildings. + +Remedying this, the federal government has already pledged to significantly boost immigration levels, with the goal of bringing in 1.2-million newcomers over the next three years – a move that satisfies many institutional real-estate buyers who have ample capital to think in years, not months. “Investors in apartment properties are looking through 2020 and 2021,” Minto’s Mr. Dixon said. + +The demand isn’t spread evenly coast to coast. Most notably, cities with heavy exposure to the energy sector, such as Calgary, have seen occupancy rates fall more than others. Still, the average drop in these markets of 3 to 5 per cent this year, according to a CBRE survey of landlords, is only slightly more than the national average drop of 1 to 2 per cent because wage support from the federal government, both through the Canada Emergency Response Benefit program and the employer wage supplement, has cushioned the blow. Calgary-based Boardwalk REIT still collected 98 per cent of its rents this spring, and this figure has ticked higher since. + +The bigger disconnect is the discrepancy between prices of buildings sold in private markets and the valuations of publicly-traded apartment REITs that own these same types of properties. “In the transaction market, valuations are going through the roof,” CAP REIT’s Mr. Kenney said. “In the public markets, apartment REITs are trading way below net asset values.” + +CAP REIT’s market value remains 18 per cent below its record high set in early March, even though it has collected 99 per cent of its rents this year. The company is also trading below its net asset value, which means that, theoretically, it could sell every property one by one and earn more than its market value. Minto is in the same boat. + +There are many theories as to why this difference exists. For one, REITs tend to be owned by retail investors, and they may be skittish about commercial real estate in general, given all the fear in the retail and office sectors. On Thursday, retail real-estate giant RioCan REIT slashed its monthly payout by one-third. + +But Minto’s Mr. Dixon is frank when asked to explain it. “I wish I knew,” he said, “because then we could do something to address it.” + +https://www.theglobeandmail.com/business/article-sophisticated-investors-are-desperate-to-buy-canadas-apartment/ +Hi, I just wanted to see if there are any Irish investors using DEGIRO out there. I would like to get your feed back on your account type choice, and taxation implications in Ireland, with regard to ETF’s and share purchasing over the long term....any info would be helpful. +Asking on behalf of a friend based in Sweden: + +The employer by default puts about 5% of gross salary in a pension account which is on top of the standard national pension contribution. The employee has full control over how the money is invested (funds, equities, bonds etc). So basically the said pension account is opened with a known broker in Sweden (Avanza) and the employee can choose what to do with the money except withdraw it. + +&#x200B; + +Since its a pension account, the entire gross amount is added to the account and it is taxed only upon withdrawal at the retirement age. The earliest they can start withdrawing is at the age of 55. The employee also has a choice to convert it into salary instead and get it as a net amount now. + +What would you do and why? Keep the higher gross amount in a pension account or settle for a lower net amount as part of the salary. + +Some additional information: + +\-Either way, pension account or not, they plan to invest the money in an index fund. The question is which of the two options make more financial sense. + I want to open an online securities account ( for example on flatex.de as i live in germany ). Do i have to trust that this company will always be around? Are they regulated as a bank? + +Do i "own" the etfs that i bought thought them or they are controlled by them? + +how do i chose an entity that i trust, I want to know what happens if in the future one of this entities gets bankrupt. +Hi, I just wanted to see if there are any Irish investors using DEGIRO out there. I would like to get your feed back on your account type choice, and taxation implications in Ireland, with regard to ETF’s and share purchasing over the long term....any info would be helpful. +Hi, I am a junior+ React-Native dev, hoping to get a job in Germany in 2-3 years. The problem is my stutter. I can have giant speech blocks during conversations (2-3s). I have managed handling them in my native language by replacing words and with other technics. But when I speak English it gets much worse due to anxiety. Do you think I still can have a chance of relocation? Or maybe you know some examples. Will my stutter be a big problem? Will be glad to hear your opinions. +So, I got this report about my latest dividend payout and I'm kind of baffled about it. I'm not sure what I'm looking at here. Is it taxation of my payed out dividends? If so, is there a way to avoid this and only pay taxes after realization? As far as I know, on US payouts, I already get the taxed amount paid out right? So, here I pay taxes when they arrive and on cashing out too? + +I'm quite lost right now and I don't see why this is happening. The goal would be to get the full dividend payout, invest it back into my portfolio to start the snowball rolling, isn't it? + +With -42.5% on my payouts, this is quite impossible and my "Yield on Cost" indicators are false too in this case, since I don't get the amount that's projected in trackers. + +I'm sorry if this is a dumb question and I'm missing something obvious. + +&#x200B; + +|BLACK. SC. +TECH. TR. SBI|(US09258G1040/A2PGN3)|| +|:-|:-|:-| +|ST.:|23,00|| +|Extag:|14.03.2022|| +|Valuta:|31.03.2022|| +|Devisenkurs:|1,110100|| +|Quellenst.-satz:|15,00%|| +|Bruttoausschüttung pro Stück:|0,2500000 USD|| +|Bruttoausschüttung:|5,75 USD|| +|Bemessungsgrundlage:|5,16 EUR|| +|\*Einbeh. Steuer:|1,42 EUR|| +|Gez. Quellensteuer:|0,87 USD|| +|Endbetrag:|2,98 EUR|| + +&#x200B; + +&#x200B; + +|Fondsinformationen:||| +|:-|:-|:-| +|steuerpflichiger Ertrag:|5,75 USD|| +|davon ausländische Erträge mit anrchenb. QSt:|0,00 USD|| +|anrechenbare ausländische Quellensteuer\*\*:|0,00 USD|| +|rückforderbare ausländische Quellensteuer:|0,86 USD|| + +\*\* ggf. mit einbeh. Steuer verrechnet + +Die Gutschrift erfolgt unter Vorbehalt des Eingangs. +I have stocks and crypto. I want to diversify + +I have no idea about bonds. Some people recommend then, while others don't. I am still young 30 years old. + +What should I do? What bonds do you recommend? +Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you. +I’d like to hear your thoughts on the pros and cons of paying off a home early. First, I understand that my mortgage interest is a lower rate than what the market returns on average. Thus I follow the fundamental truth that you are probably mathematically better off if you invested your money instead of dumping it on your mortgage. I feel that there might be more to the story philosophically and from a risk perspective, or at least emotionally. + +My wife and I live in a LCOL area and make about $180k. We max out our 401ks and have about $150k in there. We don’t really have much else for savings or investments beyond an emergency fund as we bought a $300k home last year. We are both 28 years old. We bought the house with a 15 year mortgage so our payments are around $2k. + +I started a side business two years ago that I have been fortunate to make some reasonable income with (~$20k-$30k ish). My wife and I excitedly realized that we could use this extra income to dump on the mortgage. We realized we could basically pay off the house in 4 years without sacrificing anything lifestyle-wise. So we have been making $4k and $5k payments and everything is going swimmingly. + +I am completely dedicated to paying off the house, quitting my day job at about age 32, and using the decreased monthly expenses as flexibility that allows me to start up my own bootstrapped business. I have entrepreneurial experience and know I can be successful. I suspect I can even make a reasonable income working for myself less than full time. At that time I think our portfolio would be about $300k home, $300k in 401k, and perhaps $50k in individual investment accounts. We would strive to make at least $50k as a family moving forward. + +I guess I just want to hear what you guys think of my plan. Is owning a home outright even that great of a place to have your money? It seems like I’d have to borrow against it or sell it if I ever needed cash. The emotional benefit of having no mortgage would make it so much easier to start my own business, and the market seems much riskier over a 5 year timeframe than a 30 year timeframe. + +I can always go back to work if my business fails I guess, I am a civil engineer with a masters degree and it’s pretty easy to find work for $80k or so. + +I am thinking of this lifestyle where my side hustle pays expenses and helps me start a small one man consulting firm, and I work a sporadic schedule with lots of time to go camping and hiking. It makes my heart swoon. Will I regret not having big money in that 401k? Will owning the house outright just leave me cash poor? + +Thanks for reading. + +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! +Just wanted to get a feel for what you guys think of this topic. We know government subsidies exist and it's usually revolved around income, not net worth. So in my State of Nevada you can retire on less than 40k a year and you would also qualify for subsidized insurance in the ACA marketplace if your income is around that number. What are your opinions for taking advantage of a system when your income is low but your net worth is 1 million+ dollars? +28 y.o British male. Lived in Japan for 3 years; saved this lump sum and want to transfer it back to the UK. Know of websites like 'TransferWise', research says 'GoRemit' is better. Wondering if I should wait for a ¥ spike against the £ exchange rate too? + +In my UK accounts: I have 10k in an ISA and maxed my LISA this year and have 2k in an easy-access ISA (emergency fund). I will be able to max the LISA this approaching April too without touching the £14k. + +Want to use the money to invest...curve-ball thought: perhaps the ¥ is better to make investments with? So no transfer needed? + +Thanks in advance for your insights! This is my first ever Reddit post, woo! +10k in LISA 10k in Chase in a dead end job that I hate earning 30k with a side income of 10k. The 4.8-5 multipier means the most I can borrow is 200k (assuming they even take into account the side income) which in London is laughable. Just really fed up with it all + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +The intelligent investor never stops reading. This is a thread to share articles, books, research papers, newspaper reports, television clips, podcasts, interviews or anything of interest that you are catching on over the weekend. + +Are you a starter in investing? Then, here is a list of recommended books: + +* Stocks for the Long Run, Jeremy Siegel +* Learn to Earn: A Beginner's Guide to the Basics of Investing and Business, Peter Lynch +* One Up On Wall Street: How to Use What You Already Know to Make Money in the Market, Peter Lynch +* The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments, Pat Dorsey +* A Random Walk Down Wall Street – The Time–Tested Strategy for Successful Investing, Burton G. Malkiel +Not a finance guy, nor very good at maths, so please do point out where I might have gone wrong. + +During recent years the conventional popular wisdom seems to be that it is a bad idea to invest in residential real estate - that is, better to rent rather than buy. + +I ran some numbers and find that this is not necessarily the case in the context of self use properties (with some assumptions). + +**Consider the following illustration:** + +House bought (in Tier 1 City) for INR 1,70,00,000 in January 2020 + +Loan Taken: INR 1,20,00,000 (that is, self funded INR 50,00,000) to be paid over 30 years + +EMI (assuming avg loan rate of 7.5 (its lower now, but averaging out the probable rate): INR 83,906 pm + +Rent in the equivalent house: INR 50,000 + +&#x200B; + +**Amount being paid over and above rent (that is, EMI minus Rent) = INR 33,906** + +**Potential Loss of Return**: that is, if I had invested the INR 50,00,000 in mutual funds and expect a 10% return over 30 years: **INR 8,72,47,011** + +Now on first glance, this seems to support the theory that renting is better than buying, but there are a couple of factors to add here. + +1. YOY Rent increase +2. Tax benefit on EMI payment (capped at INR 4,00,000 at 30% slab) +3. YOY Property value increase + +&#x200B; + +For the next part I'm going to consider that the YOY Rent increase is 5% annual and that the YOY Property value increase is also 5% annual. + +While initially I would get the INR 4,00,000 tax benefit in full, towards the later part of the years this reduces (since interest component also reduces) and therefore considering the benefit to be 30% of 3,00,000 per year. + +&#x200B; + +Factoring these points: + +Effective EMI = 83,906 \* 12 months minus 90,000 (that is, 30% of 3,00,000), that is INR 76406 + +By end of year 9, the rent increased at 5% YOY is greater than Effective EMI. + +To avoid a long table, let me just give a summary of a couple of years. + +&#x200B; + +|Year|Effective EMI|Rent|Difference p.m.|Value after 30 years (assuming invested in 10% return MF)| +|:-|:-|:-|:-|:-| +|1|76,406|50,000|26,406|\-55,29,227 (negative value since this could not be invested)| +|10|76,406|77,566|\-1160 (that is, cheaper to pay emi)|1,03,048 (positive value since the difference was invested for remaining 20 years)| +|30|76,406|2,05,806|\-129400 (that is, cheaper to pay emi)|17,08,090 (positive value since the difference was invested for a year)| + +&#x200B; + +Effectively, duly considering the negative lost value of the amount not invested for the time when Effective EMI was greater than Rent and the positive value of the excess amounts invested when rent was more than Effective EMI, we end up with a sum of **INR 73,80,510** gain on the 31st year. + +Furthermore, calculating the YOY increase in property prices, then the value of the property on the 31st year would be **INR 7,34,73,020**. + +&#x200B; + +Assume you sell the house in the 31st year, then Total Earning = **INR 7,34,73,020 + INR 73,80,510** + +Less money notionally lost on the 50L not invested: **INR 8,72,47,011 - INR 80,853,531 = - 63,93,480** + +**So effectively, you lose 63 Lakhs after a period of 30 years. Which honestly isn't that bad and can almost be considered to be a break even investment decision (even when compared against just investing in MF).** + +&#x200B; + +If however, the YOY increase in either the rent or the property value is more than 5%, then this number becomes positive and **could even be a 22% CAGR if both YOY is 10%**, which is actually a brilliant return. + +&#x200B; + +**Housekeeping notes:** + +*Things not considered:* + +Property taxes (which is not that much) + +Maintenance (which could be quite a bit, but honestly anyone who has long term rented knows that Indian landlords don't really do any maintenance. its almost always the renter who ends up getting things done and hoping (because its not always the case) they can reduce it from the rent). + +&#x200B; + +*Things considered but pros/cons can flip either side:* + +Liquidity - I've assumed that the house purchase is happening when there is adequate liquidity otherwise available (that is, the EMI is less than 30% of your monthly income) + +Mobility - true, but can be countered by advantages of being your own landlord + +Stamp Duty - usually paid by buyer + +Mutual Fund return at 10% - it is likely to be higher, but a balanced conservative splits return is being considered. + +&#x200B; + +*Premise*: + +I was talking about a house in this case and not a flat. Therefore when I'm talking about YOY increase in property value, I'm considering the value of the underlying land. + +&#x200B; + +If my calculations are right, buying your own house is not necessarily a bad investment decision. Like all investment decisions, you do need a few factors going your way, but it is not a slam dunk NO WAY kind of investment. + +&#x200B; + +Would love to hear everyone's thoughts. +Hi , I have started learning to invest in stocks and looking to practice my investing strategy, what are the best way to do so?. Are their games designed to help me for example the platform gives me an annual report to analyse and based on that I either choose to buy, cell, hold etc. +I was planning to invest in Motilal Oswal Nasdaq 100 FoF. Expense ratio is 0.64. However, i came to notice that it's underlying fund Motilal Oswal Nasdaq 100 ETF is not able to correctly follow its benchmark Nasdaq index. Also, there have been instances of NAV/price mismatch of ETF. +Recently, Kotak MF also came up with Nasdaq 100 FOF with underlying ETFs iShares NASDAQ 100 ETF. Considering Blackrock's ishares ETF reputation and trading volume, i believe there will be very less mismatch between NAV/price. But expense ratio of Kotak's FOF comes out to be on higher side(0.65+expenses of underlying ETFs). +Moreover, Nippon mutual fund is also coming up with Nasdaq 100 FoF. + + +Should i : +1. Go with less expensive but frequently inaccurate Motial Nasdaq 100 FoF or +2. Go with more expensive but more accurate(as per my assumption) Kotak Nasdaq 100 FoF. +3. Wait for details(expenses and underlying ETF) about Nippon Nasdaq 100 FoF. +My relationship with my husband seems to be falling apart and I just want to consider my options. + +Background: we live with his parents in London, with two children, 4 and 1. We've been lucky with this set up as we all get along and it helps us out a lot financially. However, if I leave, I'd have to fend for myself but I just don't think I can afford it. + +* Salary per month: £1800pm +* Child benefits: £145pm +* 2 bed rentals around the area: £1500pm (won't be able to move out of the area for 4yo's school) +* Travel to work: £150pm +* Savings: £5000 +* Not sure how much bills would be if moving out.. but would ~£300 be enough to live as a single parent? + +I'd think that if I move out, he'd take on the costs of childcare and stuff for the kids so I'd need to only account for things for myself. Not really spoken about it to that point though. Just weighing up practicalities. + +It just feels with the cost of living these days and all the bills that comes from being on my own, I'll have to put up with this rubbish relationship (it's not abusive, nothing too terrible, but just rubbish) because I literally won't be able to afford to move out and have the kids half the time. + +How do other single parents handle it? Is there anything else to consider? + +Edited to add bullet points +You are probably wondering why the stock market has had any rallies at all, let alone ones this big, considering how bad things are looking. And obviously no one can tell exactly where the market should/shouldn't be. Nothing really makes sense now. But here are just some things to consider. + +&nbsp; + +**First, the stock market didn't drop JUST directly because of Coronavirus infection count / death count expectations, and expectations of bad earnings.** + +There were several combined factors that stacked on top of each other, kind of like a chain reaction. (This isn't an exhaustive list) + +Easily Predicted / Expected Results: + +* People greatly reducing spending and staying in +* Much Less Revenue for Companies +* Drop in oil prices / Energy usage +* Some kind of stimulus +* Poorly situated companies going bust + +Not So Expected / Surprises: + +* Saudi / Russia oil fight +* Extreme stress in credit market / corporate bonds +* Liquidity crisis +* Western world being effectively *forced* to stay home +* The fact that all this happened so swiftly at once + + +I'm NOT saying we have / haven't already reached the bottom. BUT, I will say, I think the initial drop was so big and so fast, not because of the virus, but because of all the "surprise" factors. And a lot of these issues are being, or have been solved. + +* Saudi Arabia and Russia reached an oil deal +* The Fed pumped massive liquidity into the market, and bought not just investment grade, but junk corporate bonds (notice how the 'bottom' was the day the Fed announced the massive liquidity injection) +* We are at least *talking about* returning to work, even if behavior will be different for a long time + + +**So my point is,** yes, the market could go down further over the next year. However, I believe this recent rally is because we have at least solved the *current* major unexpected surprises. All of these things were causing increased uncertainty, which couldn't be priced in, so everyone just sold everything. The market is always forward looking, and people know this isn't going to last forever. It can price in bad or even terrible earnings, but it can't price in what it doesn't know, and *I think this recent situation was a rare instance where everyone knows just how much they don't know*, and that caused a huge spook in the market. With so much uncertainty being relieved, we're basically just having to deal with how bad earnings will be going forward, but not all the other stuff (of course, there could still be surprises). + + +&nbsp; + + +Going Forward: + +**Bear Case:** The market isn't saying that's the bottom, just that it was too premature before the shit *really* hits the fan. We'll see more negative surprises and this will last longer than people think. Everything was already overpriced, so we have further to go. + +**Bull Case:** We're still far down from the top despite the rally, and with so much liquidity, when we eventually get out of this, companies they will have even more firepower and cheap money to borrow to grow, possibly being in an *even better* position for the ones that survive. + +&nbsp; + +**TL;DR: I think the rally from the bottom is not because the market believes everything is fine now, but rather because it is adjusting to reduced levels of current uncertainty.** +I went to a car dealer today to look for a new Honda Civic. I chose Honda Civic because they come to mind as economical/ reliable vehicles. I was hoping to put $5k down and have a $450/mo payment worst case scenario . + +The dealer had 1 in the body style I was looking for (hatchback) but with the highest level trim. I’ve seen them online and the MSRP is about $31k. + +I was absolutely dumbfounded when they came to me with a $46k offer at over $700 a month. Is this normal? I get that new cars have a markup but this seems absolutely insane. Its a god-dang Honda Civic!!! + +I didn’t buy the car and feel extremely discouraged about car buying now in general. Even used cars are the same price as I look online. Looks like I’ll be holding on to my 20 year old Subaru for the foreseeable future… + +Anyone have advice on car buying in this economy? +I'm sure I speak for other members of this community when I say that we are thankful/awestruck at how helpful this person is. It would be really interesting to learn a bit more about them, and their PF journey. +Assuming $5m is fatFIRE number for Canada, the amount of people who reach that amount is very small. From [this article](https://www.thekickassentrepreneur.com/top-one-percent-of-wealth-for-canadians/), only 91,823 individual in Canada are worth $5m-$30m. **That's less than 0.3% of the population.** Not sure how this compares to the US. Kind of discouraging to think about. Compound interest and index funds exist in Canada, so what's the deal? +As the last of our kids leave the house, we're thinking about downsizing to a lock-and-go place, 2-3 BR. We've seen Ritz Carlton Residences in some of our frequent haunts. I'm curious what experience the folks here have had in terms of value/amenities with these properties as owners, versus a more run-of-the-mill high-end condo building. There are few RC Residences close to completion in the US (Scottsdale, Portland, Newport Beach to name a few). + +I've never owned a condo, let alone one within a 'hotel/resort'. If we wanted to spend a year overseas, can they be rented/leased to other parties, or do the covenants restrict that? If desired, can they be put in a rental pool? How does valuation float on condos in new builds versus a few years down the road? There must be some strain on the new builds these days with present interest rates/macroeconomics, so perhaps some deals to be had or coming in the next 6 months. + +Appreciate any experiences in this segment in general as well (*e.g.* Fairmont Residences). +Hey guys! Hope your new year is going well. Happy to share that I finally secured long term income, which makes planning for what debts to tackle next much less stressful. + +Currently my plan was the old fashioned debt snowball, going to start with the smallest debt (roughly $800) to my largest debt (>$6000). + +The card that has a $6000 balance was by Discover and was charged off due to non-payment. Discover calls me multiple times daily and now I want to actually be responsible and take care of this debt. on the app, Discover is offering a 25% forgiveness if I pay the agreed amount ($5500) in 3 months, which I won't be able to afford. Is there any way to get better terms than this? + +My biggest shortcoming last year was the amount of money i spent eating out, literally spending an average of $1000 every month on food. This year I'm trying to limit eating out to $100 a month, and cook everything at home. + +Do you guys have any other pointers or advice that could help me with this? Should I pause contributing to my 401k (6%, thats the most the company matches) and company stock (5%) until everything is paid off? + +&#x200B; + +Thanks for reading! + +I found out a year and a half ago when I tried to apply for my first credit card that there were fraudulent accounts taken out in my name. Long story short, figured out it was my mum (my middle name was used to open each of the accounts and i've always hated it and never used it, she regularly used one of the catalogue sites and has a spending habit). When I first asked her, she said "don't you dare accuse me of something like that" with a bright red face, so I already knew. When I said I would report it, she confessed. She tried to blame it on financial problems due to supporting myself and my brother through uni, all the while buying expensive designer things and going on several holidays a year. I wanted to report it because she trashed my credit score, but I just couldn't bring myself to do it. I also wanted to cut her off, but my dad left when I was 8 and I never saw him again, I couldn't really bare the thought of having no relationship with either of my parents. She set up a payment plan to pay it off and we didn't talk for months. When we started talking again, she had paid a chunk of it off (it was around 2k total). I was very naive and wanted to be able to trust her, so when she told me it was paid off I believed her (very naive I know). She had come into inheritance money and was buying bags upwards of £900, so she certainly wasn't struggling for money, so why wouldn't she pay it off? Fast forward a couple of months, and I recieved a collections letter for the other half she hasn't paid off, although she has been on 3 holidays so far this year. When I asked about it, she said it was being paid off monthly. This was another lie. I told her to pay it or I would report it, and she paid it upfront. I have cut contact with her, and haven't told my brother or any other family members, even though I want to. (My brother is older and would have noticed a long time ago if she had done the same to him). I feel so betrayed and just really foolish, I should have been checking my credit reports. I don't really know how to move forward from here, at the moment I want absolutely nothing to do with her. Can anyone who has gone through a similar situation give me some advice? I'm just so disappointed and feel very alone in this. +Hello World. As should be obvious by now i will be your guest host today. + +Over the last three days we had some extreme Volumespikes in germany as pointed out to me by u/Forthegoodpeople Let's see if Shitadel will keep using germany for their shit. + +[https://imgur.com/gallery/NwKT5JR](https://imgur.com/gallery/NwKT5JR) Volume over the past few days + +Current Price:"115 minutes in 174,01" + +Current + +FAQ: + +# Where do you get our numbers from? + +I too trade through my bank account and just refresh the page to see the current price in dollar. + +# Why are your numbers different from the ones I'm seeing online? + +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). That's why my movement may differ from your sources online. + +# I don't trust those germans, look at what they did in the 20th century...can I get another source? + +Sure, you can take a look here...just remember to convert from € to $! [https://www.ls-tc.de/de/aktie/gamestop-aktie](https://www.ls-tc.de/de/aktie/gamestop-aktie) + +# Can you post the volume too? + +I will post the volume later in the day the asfor mentioned u/Forthegoodpeople has access to an Bloomberg terminal and agreed to send me a picture of the Volume. + +0 minutes in 171,30 + +05 minutes in 171,39 + +10 minutes in 171,41 + +15 minutes in 171,41 + +20 minutes in 171,38 + +25 minutes in 171,39 + +30 minutes in 171,39 + +35 minutes in 171,42 + +40 minutes in 171,30 + +45 minutes in 171,28 + +50 minutes in 171,35 + +55 minutes in 171,35 + +60 minutes in 171,35 + +65 minutes in 171,29 + +70 minutes in 171,31 + +75 minutes in 171,77 + +80 minutes in 171,48 + +85 minutes in 171,46 + +90 minutes in 171,46 + +95 minutes in 171,96 + +100 minutes in 171,85 + +105 minutes in 173,34 + +110 minutes in 173,47 + +Well premarkets about to open so once again it has been an honor to guest host Diamantenhände. + +I assume u/derGurkenraspler will get better over the weekend if not i will be happy to pitch in again for him. + +# As always dont forget to BUY HODL and VOTE + +# 💎👐 +I'm not savvy when it comes to finances. My current company has a 401k program through Guideline. + +I accepted an offer at a different place that has an ESOP program but I won't qualify for that for the first year. + +How can I ensure my savings keep growing? What do I do with the 401k and how can I seamless blend those savings with the ESOP program (once I qualify for it)? +I am terrified of the thought that all my money could be gone and there's nothing I can do about it. Wouldn't it be safer to put the same amount of money into a savings account, so at least I know it's always there? + +Please don't be rude or condescending, I'm genuinely worried and curious. I'm already putting money into a Roth IRA, it just scares me that if I get around retirement age, the stocks plummet, and I'm left without. +I went to college from 09 to 14. Most of the debt is federal loans that have a low interest rate so that is not much of a concern. I paid off a private loan last year that was around 10k for the principal so that is an accomplishment. However my parents took out a loan in their own name so I could go to college. They did not want to put a heavy burden on me. I have over 20k in my account and the private loan they have is around 8k. I live with them and don't pay rent but I do buy my own food and make decent money for a single guy without many bills to pay. So should I pay off the loan myself? My parents are doing fine financially but they did get the loan for me so I feel like I am responsible for it. They never asked me to pay it off but they cover the mortgage and everything else. I don't want to pay the loan but my folks do so much for me. I kinda feel like it is the right thing to do. Not trying to humble brag or anything but I would like your perspective on this. +I’ve been investing majority of my savings into the very conservative TFSA fund with RBC but MER is high and my portfolio is down 9%! I don’t want to withdraw with a near 10% loss. Just looking for advice on whether I should sit tight until I regain lost equity. And also advice on which funds might be better to invest in with a lower MER or ideally 0 MER +>Alberta Premier Jason Kenney and United States Senator Joe Manchin hold a joint news conference in Calgary. The senator, a Democrat from West Virginia, chairs the United States Senate Commitee on Energy and Natural Resources and is visiting Alberta to learn about the province's energy sector. + +Worth a watch, regardless of your stance on the oil industry. The U.S. is practically the only customer for our largest export so it behooves us to pay attention to U.S. sentiment on Canadian oil. + +Length: 28m8s + +https://youtu.be/f01keXEq0J0 + +I welcome your thoughts, but kindly ask that you keep the vitriol towards JK to a minimum and remember that this is not a political subreddit. +I just wanted to wish you and your families a very merry Xmas. The last 2 years have been a wild ride to say the least and although there have been plenty of highs and lows along the way, as an investor in GME I feel humbled by the work that's gone into it's historic turnaround. + +It genuinely feels like we are a part of history in the making and I have complete confidence in the direction GameStop's leadership team are guiding the company. + +Keep doing what you're doing. As an investor I am in this for the long haul and will continue to directly register shares in my own name. + +You are both absolute legends in my book and I buy knowing that these price drops simply represent even more Deep Fucking Value. +https://news.sky.com/story/two-more-household-suppliers-fail-as-wholesale-energy-prices-hit-new-record-levels-12407915 + +I work in energy so if anyone has any questions shoot away. You will go through OFGEMs SOLR (supplier of Last Resort) process and will be switched to a new company, you can then choose to switch again to whoever you choose. + +Any credit you have is protected so don't worry about this. + +Good luck to anyone who lost their jobs today. Its a good job market right now, you can get back on your feet! +My mother has died less than 6 months after my own wedding. + +Stuff like this is why my savings can never quite build up ....emergencies happen faster than I can save. + +It gets so frustrating. I repaired my vehicle earlier this year, painted it...and got some bodywork done ....just for me to get clipped 2 months ago....and plus the paint has started pealing .....bringing me back to square one. + +So with a faded paint job and an obvious dent....I can't even get a good resales price on my car... despite pouring 100s of dollars into repairs . + +I got married earlier this year. Then my mother got sicker which required more expensive cares. Then my mother died which required a funeral. +Funerals are almost as expensive as weddings !!! + +Did I mention that I had to pay for my mother's funeral less than 6 months after my own wedding. + +How am I supposed to save ?!?! + +*UPDATE* +I almost forgot to add. Since my wedding was less than 6 months ago....my employer also informed me that my bereavement leave would be unpaid leave. +So not only is it costing me in savings....its gonna cost me some of my salary too. +I'm 29 and want to be a landlord and want to know all I can. I know this is going to be a heavy first step, but I wanted to combine my house hunt with getting my foot into the door into renting property. + +My partner and I make a combined 50k and We have up to 100k in savings for downpayments, expenses, ect. + +I know a 200-250k house would be out of my price range, normally, but rent around here (Bradenton Fl) fetches $1000-1200 for half a house and people are desperate enough to grab it up. + +My plan was to grab a duplex around 230k to live in and rent out the other half, giving me an experience in homeownership with less mortgage AND an experience in being a land lord while being close to my tenets. + +That way everything can be more lenient on our bills and I can save money to move to a bigger property in the future while renting out the other half of this duplex years down the road. I know it's a tough journey, but it is something I'm willing to do and put time, money, and effort into. + +I'm, by no means, an expert or even experienced in this topic but it's something I do want to do in the future. If anyone has any advice about making this venture successful or even if you believe it's a bad idea and shouldnt go through with it anything would be appreciated and ill respond to and consider any piece of advice. Thank you for all your time and help! + +&#x200B; + +Edit: And I am looking into better job opportunities to increase my income and buying power. I'm just currently living with my father and It's about time I move on. It's a little late for me to make any career choices within the next year or so as I want financial stability when I move out, but once I do I'm going to look into trade apprenticships around the area. +How do you handle yard/landscaping on SFH. I’ve heard people hire a monthly/biweekly service, pay the tenant to handle or not pay the tenant and write in the lease that it is their responsibility. + +How about application fees? Do you refund those to the families that don’t get accepted? How many applications do you run credit and background on before choosing one? + +Thanks for the feedback. +How would you invest $100,000? My gut says most of you will recommend buying a multi-family, but inventory is limited in my area. There are plenty of duplexes and single family homes for sale though. Thoughts? I could probably put 25% down for either 1-2 duplexes and 2-3 single family homes. I do not need the money at the moment. +https://www.cnbc.com/2021/09/13/house-democrats-propose-new-retirement-plan-rules-for-the-wealthy.html + +Killing MBDR for those that could utilize it definitely is going to change some peoples FIRE plans. +**Edit:** for the people destroying my comments, I’m not saying all 144 million people bought BTC or that this is some hardened model. Just a thought experiment for fun with lots of assumptions that may very well be completely untrue. + +Russia has about 144 million people within it's territory (contested and non contested). After sanctions and severe economic restrictions placed on the nation and it's inhabitants by the rest of the world due to the invasion of Ukraine, crypto is pumping, and BTC alone is up 13% or so. On top of that, it's likely that a smaller percentage of that population are the ones buying given current worldwide so really the movement happened with a small percentage of that population amount. + +If this event can cause this amount price of an increase, what happens when a global population of a little under 8 BILLION decides to adopt BTC as a hedge against uncertainty and war or simply as a means to transact with minimal fees in a transparent and decentralized way? + +Here is a hopium induced thought, what if the change in BTC price today was true and held a similar linear relationship with each approximate 2% increase in adoption (measured by the corresponding increase in % of world population)? + +Alright, so I gave this simple model a try. I increased world population at 2%. I then found a multiplication factor by dividing the increase in BTC price by the percentage of the population that adopted today presumably and just assumed that would hold true for each 2% adoption. I then carried that out through 2% intervals until we got close to full world adoption and found a value for BTC assuming a spot price of $43,000. + +&amp;amp;amp;#x200B; + +https://preview.redd.it/0zoq5m72yok81.png?width=1500&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=a7075db314300dc435d6679ed7a64f6bf4373ef3 + +I'd say there is a pretty bright future as seen above and this is with an extremely limited/rudimentary model with lot's of assumptions. I think that answer is conservative because of halving, significant future inflation, and other factors of demand and BTC's scarce supply. + +What do you all think? +Am I alone in thinking this is not worth the DCA? I know, great dividend. But at some point watching your investment continue to errode with a dividend stock you gotta get out, especially when you are just reinvesting and not using it for income. +Andreas Antonopoulos brought this up in a recent podcast. Bitcoin's narrative has shifted a lot from banking the un-banked, and replacing old corrupt institutions. + +Now, the community is simping for these same corrupt institutions, as soon as they started pumping the price. I can guarantee, these institutions do not care about Bitcoin's censorship resistance, decentralization, or about banking the un-banked. They've just bought Bitcoin, then created hype so that their own investments can go up. + +These institutions will not support changes that improve privacy, as that makes it harder for regulators. They will try to "normalize" Bitcoin into traditional systems. For example, Michael Saylor has said that Bitcoin isn't meant to be used as a currency, he said its just a store of value and a gold replacement. + +He's trying to make it fit into traditional systems. So called "normalization of Bitcoin" is bad. People are trying to make it fit into the same institutions it was meant to replace. + +This institutional investment into Bitcoin is only good, if the only you care about is the price of Bitcoin. + +This community overall has also degraded to where all anyone talks about is these institutions, and the price. + +This hype cycle will eventually die out, and the people who care about price will leave. The people who care about price will sell, and then the big institutions will also panic and sell, and 2017 will be repeated. + +To anyone who is newly into to Bitcoin and bought hoping the price will go up, I don't want to attack you. Instead, I highly encourage you to learn more about what Bitcoin, and cryptocurrency in general is. Learn about how it works, and what problems it actually solves. +Are there any popular indicators used to determine if a stock is consolidating? Preferably one where I can set a threshold value for when I am considering a stock to be under consolidation. +Look guys, I know how a lot of us are tired of hearing about these, but even so the fact can’t be denied that they make us money, as long as you get in at the right entry point. + +There has been a lot of spin-offs of SAFEMOON and all have been great opportunities to make some money, as long as you choose one that is high enough quality. I believe SAFEGALAXY fits this for a few reasons + +- The chart looks a lot like the other top safe coins except it is their early days, on a dip, and looking ready to breakout. - https://t.me/safegalaxychat/39029 - a little comparaison +- We got 7K holders in just 2 days and we aren't even listed yet on CMC and Coingecko, should come this weekend +- Devs are actually doxed and put some effort into the project/logo/website, at least what we need to be a legit safe project +- any semi-legit safe project is a 10x right now from where GALAXY is now lmao (i consider these to be safe-star-moon-mars) +- more active members on discord and TG +- DEVS are transparent, you can ask them anything anytime. + +be careful for those effortless project with a logo pasted off google images, this is not like that. + +Worth a gamble to me so i’m putting money in. Not more than i can lose of course. If you are tired of missing out on safe shitcoins then here is your chance. + +Charts: [https://goswappcharts.web.app/?isbsc=true&tokenId=0x6b51231c43B1604815313801dB5E9E614914d6e4](https://goswappcharts.web.app/?isbsc=true&tokenId=0x6b51231c43B1604815313801dB5E9E614914d6e4) + +[https://poocoin.app/tokens/0x6b51231c43B1604815313801dB5E9E614914d6e4](https://poocoin.app/tokens/0x6b51231c43B1604815313801dB5E9E614914d6e4) + +BscScan: [https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4](https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4#balances) + +Proof of Liquidity Lock: [https://dxsale.app/app/pages/dxlockview?id=75&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=75&add=0&type=lpdefi&chain=BSC) + +Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6b51231c43B1604815313801dB5E9E614914d6e4](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6b51231c43B1604815313801dB5E9E614914d6e4) + +[https://www.safegalaxy.me/](https://www.safegalaxy.me/) + +[https://twitter.com/SafeGalaxyToken](https://twitter.com/SafeGalaxyToken) + +[discord.com/invite/eVs3kzEN](https://discord.com/invite/eVs3kzEN) + +[https://www.reddit.com/r/SafeGalaxy/](https://www.reddit.com/r/SafeGalaxy/) + +https://www.safegalaxy.me/ + I recently bought some shares of Vontier, which owns Gilbarco Veeder-Root, a company that makes gas pumps and gas nozzles. + +When I was at the gas station last night, I looked to see if the pump and nozzle were made by Gilbarco. The pump said it was made by a company called Wayne (“a GE Energy Business”), and the nozzle said it was made by OPW (“a Dover Company”). + +Dover now owns both Wayne and OPW, I found out. And it also owns Tokheim, another gas pump manufacturer. + +In the US, Vontier and Dover seem to have something close to a duopoly in this subsector—although there’s another company called Bennett Pump, which is privately held. + +So if I bought some Dover stock, I would own pretty much everything there is to own when it comes to gas pumps and gas nozzles. (I had the impulse to do that, but I stopped myself.) + +What are some boring subsectors that you like? +I've seen this like 20 times in the last year. Everything goes well the entire day in the Asia/Europe markets, but the moment US markets open, everything tanks. + +I've had alts doing +15% today, total portfolio was up like 6-7%, all wiped in a matter of 2hrs. Sure, it is related to alts being correlated to BTC. But still. + +What is up with that, US? Why don't you like profits? + +Could it be the blatant market manipulation with options and future? Is it the stock/bonds markets influencing BTC? Is it the interest hike somehow? What gives? +I have been trading credit spreads for about a month and would like thoughts on my strategy. I have been normally trading call credit spreads that are 2$ wide with the strikes above my resistance line. I stop out when the underlying breaks through my resistance even if it hasn’t gone in the money of my strikes. I either roll out or switch sides so I never take a max loss. the most I have taken as a loss was 30 percent. I started with $1000 and I am now at $3000 I use around half to all of my buying power per a trade and tend to average down in to positions if my thesis for the trade still stands. Normally the spreads are around 0-2dte. Delta all depends on where the market is and where support or resistance is. If it is farther out then I collect less money but that is what the market is giving me. Generally between .3 and .1 +Big 5 Bank Brokerages: TD DI, RBC DI, Scotia iTrade, BMO IL, CIBC IE. + + +Platforms such as Questrade, Wealthsimple, QTrade, and Interactive Brokers are often recommended on this subreddit and PFC. Big 5 bank brokerages are usually criticized due to their relatively higher commissions/fees. + + +However, Big 5 bank brokerages have pros that may be important to some people. Here are a few: + + +Platform wise: 1) They provide the convenience of instant transfers, 2) some have great advanced features (e.g. TD Think or Swim), 3) their platforms can be relatively more robust. + + +Fees wise: 1) You can get promos of free or commission-free trades, 2) some have student discounts, 3) some have commission-free ETFs, 4) account maintenance fees can be waived (requirement varies). + + +If you are in the market for an investment platform, IMO, big 5 bank brokerages should be considered as well. + + +Thoughts? +"HAWTHORNE, Calif. — Tesla has aimed to reinvent the automobile and the way electricity is generated for homes. With those efforts still in progress, it is setting out on another quest: to remake the multibillion-dollar trucking industry. + +In an elaborately produced nighttime presentation by its chief executive, Elon Musk, Tesla unveiled a prototype for a battery-powered, nearly self-driving semi truck that the company said would prove more efficient and less costly to operate than the diesel trucks that now haul goods across the country. And of course, it will emit no exhaust. + +In Tesla fashion, the truck is a sharp departure from the industry’s norm. The cabin is spacious enough for a driver and passenger to stand. The driver’s seat is in the center of the cab, not on the left side. It is flanked by two laptop-size video screens providing navigation and scheduling data as well as images from blind spots and other areas around the truck. + +It will be equipped with radar sensors, cameras and processors to enable drivers to use a version of Autopilot, the advanced driver-assistance system featured in Tesla cars such as the Model S and the new Model 3." + +Link for the full read: https://www.nytimes.com/2017/11/16/business/tesla-electric-truck.html +https://www.marketwatch.com/story/intel-stock-savaged-as-next-gen-chip-delay-prompts-loss-of-confidence-from-wall-street-2020-07-24 + + +Intel Corp.’s stock logged one of its worst days in 20 years Friday after the chip giant divulged that its next generation of chips would be delayed and that it may seek a third-party manufacturer to make them, handing a huge win to smaller rival Advanced Micro Devices Inc. + +Intel INTC, -16.24% shares closed down 16.2% at $50.59 Friday, after dropping below $50 for the first time in five months. The one-day drop was the stock’s worst since March, when it finished down 18%, but that was amid a broader market rout when the S&P 500 index SPX, -0.61% tanked 12% and the tech-heavy Nasdaq Composite Index COMP, -0.93% had its worst day ever with a 12.3% dive. In comparison, the S&P 500 was only off 0.6% Friday, and the Nasdaq finished down 0.9%. + +Other than the March 16 rout, Intel shares have only seen worse days three other times over the past 20 years, two 18% drops in 2002 and a 22% drop in 2000. + +Late Thursday, Intel said it was delaying its 7-nanometer line of chips by at least six months because of a “defect mode” and that it may have to resort to a contingency plan of using “somebody else’s foundry” to make them. In chip parlance, nanometers, or nm, refers to the size of the transistors that go on a computer chip, with the general rule being that smaller transistors are faster and more efficient in using power. + +As a result, shares of AMD AMD, +16.50%, which already sells 7-nm chips, soared 16.5% to close at a record $69.40, only the second time AMD has ever closed at a higher stock price than Intel. Meanwhile, American depositary receipts of Taiwan Semiconductor Manufacturing Co. TSM, +9.69%, which makes AMD’s chips, rallied 9.7%. to close at $73.90. + +Intel, on Friday, shed $41.54 billion in market capitalization, putting it far behind Nvidia Corp. NVDA, +0.63% in the previously close race for most valuable U.S. chip maker. Nvidia shares finished Friday up 0.6% at $407.78 for a market cap of $250.78 billion, versus Intel’s $214.2 billion. +With coronavirus hammering the global economy and the West seeming completely incapable of suppressing it's devastation many corporation's finances are stretched thin. Many companies might find themselves unable to service the debt they have issued. What companies in India (I am particularly worried about telecom and energy sector) will be particularly vulnerable? Also till what extent can this spiral out into a deep depression? +As someone interested in long-term investment opportunities and dividend paying stocks (made a [post earlier](https://www.reddit.com/r/IndiaInvestments/comments/zetv0a/what_are_the_prospects_of_rec_rural/) on this), I have a list of these good performing stocks on my watch list. Today, that list alerted me to a drastic fall in RSWM, it is approaching its yearly low price of around 185 and is currently trading around 193 from its recent highs of 250-300 levels. + +Can someone from textile/fabric industry explain why such a good stock is trading at such a low price? Is it just usual demand/supply that goes in stock market or is there some industry news that we don't know about? + +At current price, the stock is showing a dividend yield of about 7.5% which isn't too bad. I'm looking forward to make gradual investment in this stock going forward, should I do that? +Hello, + +So my mother quit her job last year and we are trying to withdraw her PF money. + +Her employer only seeded the Aadhar when creating the PF account and I had to seed the PAN and Bank Account a few months ago, to withdraw the money. + +Now, the name she has in Aadhar, UAN Account and Bank Account is in the same format. "FIRSTNAME (space) LASTNAME". +But the PAN Card is in a different format. "INITIAL (space) FIRSTNAME". + +The Aadhar and PAN was approved but the Bank Account was rejected stating "name mismatch". So what should I change here? I am assuming I'd have to change the name in the PAN Card, but I'm a bit confused since they still approved the PAN and rejected the bank account. + +Also, if I have to change the PAN Card name, what site do I use? +While Walmart continues to post impressive reports, U.S retail giant, Macy’s has lost nearly 60% of its stock market value this year! +https://mazech.com/2019/08/u-s-retail-giant-macys-has-lost-nearly-60-of-its-stock-market-value-here-is-what-they-said/ +Flew to a wedding in NY for today and just had a little chat with a family friend who is an investment banker here (and a trader for 14 years). After a few drinks asked him what his take was on GME an if I should invest (mind you I'm an xxx hodler in since January). + +His "advice" - + +"GME squeezed and is overvalued. If it even gets to 400 sell." + +Jokingly I said "sounds like your short on it and fked lol" + +He then admitted he had a "small" short position on GME. + +I then asked if he knew who RC was and what he has been doing with GameStop's transformation into e-commerce.... "Yeah, I don't know. Just trust me you'll wanna get out of you're lucky to be up." he said. + +My only reply was "This is not finacial advice. I'm just a retarded ape who has some pretty amazingly brilliant autistic ape friends who figured out things your bank & wall street buddies won't share with you. I bought more dip on Friday. I'm pretty sure your short position is fked. Probably, remember not financial advice, grab some shares to hedge your bet." + +'You sound like one of those reddit twitter people' he said. + +"I appreciate the compliment." I said 😁 + +Apes. In this group we are in our own world. Those on the outside... even the ones "in the game" who haven't read all the DD, experienced this community, followed DFV, or gotten to know RC & what GameStop is doing are in the dark. It's crazy to me. + +They think we're crazy. They will say we got lucky. + +So proud to be a part of this community. I've never felt stronger about a "bet" in my life (there's literally no downside here in my opinion). If you're new here and made it this far... catch up on what's been happening and how these brilliant crayon eating retards have basically called every play that's happened to this point. We're winning. The end game is near. This is not financial advice. + +Buy. Hodl. Vote. Don't invest what you can't afford to lose. No stop losses. Remove meme limits (especially those of you who had 420 & 69,420 set up). Floor is 20m and counting. Drink more water. Get good sleep. Eat better. Move your body. Get around positive people. Mental & physical health matters. The money will only solve your money probelms. Love ya'll to the moon (literally) and beyond. + +Obligatory 💎🙌🏼🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🍌🖍🦍 + +edit: holy **** my first awards I freaking love you apes but save the money for more shares and/or good deeds! 🙏🏼 + +Also, great great point made by u/Balenkiaa - "This is the main function of the FUD, not to keep us out of it. But to stop the flood gates of DD entering the general public." + +We have a responsibility apes, let's continue to get the word out. + +edit 2: u/PaulVla another great point - "It's why MSM is mentioning WSB and not SuperStonk, point them to the madhouse instead of the analysts next door." + +I saw a post (if anyone knows where the credit goes I'll update) that all the FUD is misinformation being reported and shills... but not a single news story debunking any of the DD. + +The endgame is near. No dates. We know the drill. +My partner and I are both in our early thirties, live in Montreal, have full time jobs in the entertainment industry, no kids, bought our first condo last year. We were sitting down talking about our goals for the new decade and it hurt to realize we want the same thing, but through two opposite ways. + +He thinks we should spend less and save aggressively; while I am already feeling unhappy with our low spending (we never go out, barely travel, don't have a car, don't have a pet, all things I wish we could do/get). I understand that if I want to spend more, I need to make more to compensate but I already maxed out my salary in my current position (music industry, $59K a year before tax), and my partner has no interest in seeking a higher position (VFX industry, $65K a year before tax). + +The only solution would be for me to change career for a more lucrative one, but I don't know how to even transition. Looks like lucrative jobs are all in IT /tech which would require me to go to school and make even less for a while. But which education would be the most lucrative? Should I look into data analysis? Software development? I can barely understand how to make the wifi works some day so for me to change for an IT job would be a huge risk. Is there any other career that would mean higher income and that I can transition to? I have skills in contract negotiation, project management and a degree in communications, I am mad organized and willing to work hard. If any of you had made successful career transition in your 30s, I would love to hear from you! + +Happy holidays everyone. +Some random days I browse other subreddits and see people making fun of us. We are said to be crazy bag holders for a failing brick and mortar company. Other days I try to tell colleagues and friends about GameStop and get doubted. There are some days when I question where I have put my money thinking I’m now part of a conspiracy theory group. But then I think of all the due diligence that has been done, articles that have come out over the past 2 years where the media is worried about my investment, the fact that we are seeing an economic downturn, predictions coming true, not a single piece of DD being refuted, and most importantly NOT A SINGLE MENTION THAT RETAIL HAS LOCKED UP >25% OF A 7 BILLION DOLLAR COMPANY. I have days where doubt still comes back but I think of these few things and buy more every week. We are on the cusp of being proven right and I can’t wait for it to happen. I am an individual investor, I like the stock and I love that the stock is in my name. 💎🙌🚀. Love you all. +*NOTE: We'd like to thank the amazing mod team in their efforts to eradicate promotion.* +- + +^Our ^post ^was ^in ^accordance ^with ^all ^the ^rules + +A quick update on a followup from ["I predict r/pennystocks collapses 50% in value in 2021"](https://old.reddit.com/r/pennystocks/comments/k81az6/i_predict_rpennystocks_collapses_50_in_value_in/). We have decided to change our rating. + +There has been a public perception shift against the power structure of this subreddit. Mods have been put under fire like never before. Having seen this subreddit grow and change for the last 7 years, seeing promoters come and go, mods leave and join, we've seen things evolve. + +This has been an ongoing problem as users simply falsify / create fake hype around themselves in order to push their website numbers higher. There's a long list of names you can imagine, but no one cares about them. They're all dirty, and it takes time to reveal. + +They aren't "providing" free information, rather they're simply directing traffic flow to their website or endeavoring to pump a price. We feel it's necessary to bring this to attention, as the mods probably can't say that a user is simply pushing his website relentlessly and doesn't give a fuck about you. + +These promoters are relentless and unscrupulous about how they go about bumping their numbers up. While we will not link to the post mentioned, and as time fades no one will care about that promoter anyway, we do want to mention how we feel it's been handled. + +First, the problem is orchestrated through his aliases. The promoter, we will coin him promoter1982, is simply creating fake hype at the expense of the mods. As you would imagine, the mods have a rough time because they're being framed as the enemy, even though they're saving your asses. We have speculated this falsity was engendered deliberately to drive interest to the promoters website. Promoter1982 provides "free" information, and bumps his website numbers higher. + +**Fact:** +- + +* Promoter1982 linked his website in over **300 posts this year - 32.32% of all posts link to the promoters website.** + +... +- + +Someone may deliberately write inflammatory paragraphs / sentences because theres proof that the viewer count, retention, and comments are all bumped. This is a deliberate move, and is also repeated by individuals who don't write for fun, but rather have a monetary incentive. + +They write in order to bump actual numbers higher, like their website numbers, or to push stocks higher. + + + +Mods are shunned. Put into the back burner, and framed poorly. This is not fair, as we see promoter1982 as a wanna-be trader (account under PDT rule, one broker, only goes long, etc) who's main source of income emanates from affiliate links and who's information will never lead to profitability / will cause you to lose. + +With the r/pennystocks public perception declined, artificially of course, we have retracted our 50% value drop, and have flipped completely. We believe this subreddit sees all-time highs, as the mods have shown growth. Reflexivity among the mods and the users will regain balance as users and the mods want the same thing, no promotion. + +5 years ago, the mods would be the promoters. Now, for the first time in r/pennystocks history, the mods are disconnected from promotion and actively try to eradicate it. Beautiful. + + +**We target a 50% bump in r/pennystocks value in 2021.** +- + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I finally sucked out to AfterPay yesterday to take advantage of AfterPay Day sale combined with eBay sale and I am legit scared how easy it was to open an account. No Id required, no KYC. I can't choose a spend limit either, it is auto determined. + +No wonder it went gangbusters. I will close it as I am going to apply for home loan soon unless there is a way to reduce the limit. +Good morning everyone. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Main Watchlist** + +* Gapping UP: MARA, RIOT, AMD, PYPL, TSLA, NIO, MVIS, VERY, DLPN, GME, CHPT +* Gapping DOWN: BOX, AMRS, ASO, ACY, UTME, STZ + +**Momentum Watchlist** + +1. RICE (+17%): Up on natural gas firm deal. Seeing good volume and price action at the moment, I'll be watching to see if it continues. Possible premarket support around the 10.73-10.75 level. +2. HOFV (+11%): Up after announcing first NFT offering. Seeing strong volume and price action in premarket. Daily chart intrigues me as well, so I'll be keeping an eye on it. +3. AVCT (+33%): Up after announcing they received an unsolicited acquisition proposal at $9/share, but they plan to explore "strategic alternatives". Possible premarket support around the 7.50 level. Low float, so this could see some volatility this morning. +4. ATNF (+13%): Up on news of insider buying, couldn't find another catalyst. Seeing decent volume and price action in premarket, with possible premarket support at around the 9.00 level. +5. APRE (+15%): Couldn't find a relevant catalyst. Seeing good volume and price action at the moment, I'll be watching to see if the momentum continues. Premarket high of 6.18. +6. IMMP (+14%): Up after announcing FDA fast-track designation for it's lead product candidate. Seeing decent volume, but currently showing some weakness in price action. I'll want to see it turn around. + +Lots of small cap stocks to look at this morning, so I'll be running my scanner after opening bell a few times to see what's moving. Nothing wrong with sitting on your hands and being patient. + +**Market Outlook** + +Stocks are looking to open a bit higher this morning, slightly mixed though. SPY is trading a bit below 408, at new ATH levels. Bitcoin is currently trading at around 57,400, and still hovering around a support level. Bitcoin-related stocks are a bit mixed in premarket, and I'll be following them closely today. Tech stocks are showing some strength this morning, as are some EV-related stocks. I'll be keeping an eye on marijuana stocks as usual, and any potential catalysts. Gold and silver are up at the moment, while crude oil is slightly in the red. The recent strength in the market has some people feeling a bit unsure. We could see some indecision in the coming days, so I'll continue to be cautious in my trading. Make sure to stay disciplined and take trades based on technical setups, not your emotions. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter (both for taking profits and cutting losses). Happy trading everyone :) +We’ve been together since we were practically kids. I’m only 31. It was very sudden. It’s been very hard. I want to make sure I do what’s best. He took care of our finances and would’ve helped me with this sort of thing. Any advice would be greatly appreciated. (I don’t have any debt.) +Hey everyone, I need help not blowing a once in a lifetime opportunity. + +Through an unexpected event I will be receiving approximately 250-350k sometime this year. I recognize I'm incredibly fortunate to have this opportunity. I also recognize that If I play my cards right, I could set myself up for a prosperous life (monetarily speaking). + +DEMOGRAPHIC: +- 22y/o M +- Current salary of 60-70k/yr +- Currently living with my family, no debt, no rent, no dependants +- currently working on my TFSA investment portfolio (contributing an additional 1k/month and DCA down) +- Moderate risk tolerance +- Can commit to indefinite investing time frame + Living in BC + +MY GOAL: +As I dont need this money now and have a good income, I plan to use this $ to: invest all (or most) of the money wisely, attain assets, set myself up for a prosperous future. + +MY PLAN: +I've known these funds would be coming my way for a while. Over the last few months I've dedicated several hours a week to learning about finances in the quest to become more financially literate. + +I believe I have a good foundational knowledge of money now, and am excited to continue learning. + +My QUESTIONS: + +There are several investment strategies I've researched and am curious about, and would like to hear YOUR thoughts about how you would invest this money if you were in my position. + +- Buying vs renting a home +(I've heard interesting points from people on both sides(("house is a liability not an asset)) + + +- diversified and annualy re balanced ETF portfolio vs having a financial advisor handle stock portfolio + + +What would you do in my position? I'd love to hear your thoughts. + +*sub title was just to get more interaction* +Look at this picture, gang. These are children’s books written by RC about the lessons he learned from his father. + +https://i.imgur.com/Ywpkv85.jpg + +The titles are all references to tweets he’s made over the last year and a half. + +The bear is too short as it reaches for the piggy bank the kid is playing with like a rocket to the clouds above. The bear’s shirt is close to Citadel’s logo color, too. And the kid has a (pirate?) skull shirt on. + +The other piggy has a purple circle on its belly at the center of the legs which are in the shape of an X. + +X marks the spot? 🏴‍☠️ + +That kid is pointing directly to the circle and staring at the reader. + +DRS is the answer. + +Edit: link to the website, [Teddy.com](Www.tedddy.com). + +That’s a fantastic url. Seems like a waste for it to only be used on a series of children’s books. I wonder if he has plans for more children’s products? + +Hasn’t there been a pirate’s ship full of speculation that he wanted to acquire ByeByeBaby? + +Edit 2: I want to be clear some of the details above are from comments in another post. I’m just trying to pull it all together. + +Edit 3: There’s more in the comments below. + +Edit 4: Great post with a picture compilation: + +https://old.reddit.com/r/Superstonk/comments/yzew26/some_really_fun_cohencidenceswith_the_help_of + +I see rockets, chopsticks, legos, ice cream cones and literally GameStop +With the exception of a stint as an analyst at an investment management company out of college I went the high risk high reward route and have worked at private startups in San Francisco my entire career. + +With the news on the most recent company I’ve worked for going public via SPAC earlier this week I have officially worked for 4 private companies that went public after I joined, with 3 going public all this year (and 1 a few years ago). + +I doubted my choices many times as I watched friends working at FAANGs see their liquid comp grow year over year while I basically have lived on a base salary. But within a year I am experiencing 3 liquidity events (slow at first then all at once). + +I wouldn’t necessarily recommend my path to most people as a high degree of luck was involved, but now that going public has never been easier for private cos I would advise anyone looking at offers to 1) try to get offers at FAANGs for leverage (you’ll rarely get the best offer without it) and 2) put on a VC hat and look at mid stage companies in the low billion valuation range and ask yourself where a comparable offer to FAANG could grow to in an IPO in 5 years or less. +The fact that the market absorbed the dump at 6k USD shows there's enough bulls out there to withstand almost anything. This news could be the start of a huge, huge bull run with potential implications of mass adoption +Pretty much what the title says, not paying BCG was just another chess move, setting out a pawn to be able to take out the opponent's queen and BCG has swallowed the hook. + +Yes, chess and fishing analogies, that's how you know hedgies r fuk. + +By going through this with lawsuit it will open up discovery into a myriad of records which will likely prove malicious intent of BCG in several instances along with connections to other players. + +-BCG backa down GameStop doesn't pay - Win +-BCG sues and loses, GME gets discovery and doesn't pay Win/Win +-BCG uses crooked courts to get paid but GameStop still gets discovery - small loss with a large Win + +No matter what happens GameStop gets to drag BCG and SHF's through the mud publicly. +Put on your tin foil hats apes and come with me for a swim in the figure-8 pool. + +You remember this tweet from 10/10 just 10 days ago, yes? + +https://preview.redd.it/snwwq8fm5ou71.png?width=592&format=png&auto=webp&s=9b9c9e98ddfe897c896cebbd5d47d9b44c59d571 + +Well, a few apes have noticed Florida might also mean Flo Rida, a rapper. From Florida. ([Wikipedia](https://en.wikipedia.org/wiki/Flo_Rida)) + +Just yesterday, we saw some interesting tweets from this guy who's a bit into GameStop's NFT: + +[GameStop. NFT. Nice.](https://preview.redd.it/ge6tcw8b6ou71.png?width=587&format=png&auto=webp&s=8b550f4b83f79ddb76b64f9c4993cc524c65b659) + +Ryan Kagy tweeted twice yesterday (Oct. 19). The first tweet this GAMESTOP one (yay!) with purple people emojis in positions 7, 4 and 1. + +https://preview.redd.it/g4bjvqfo6ou71.png?width=587&format=png&auto=webp&s=53269f3c01d07cd4acdb10eb61c8ffb6ed3998a3 + +Ryan Kagy's second tweet yesterday is a Flo Rida song "Game Time" ([YouTube](https://www.youtube.com/watch?v=TgW2uRpwipU)). + +https://preview.redd.it/hk4lgalt6ou71.png?width=583&format=png&auto=webp&s=0056589fd8343e5f68b81c9ecab50d1cd843d508 + +Check out these GameTime lyrics ([genius.com](https://genius.com/Flo-rida-game-time-lyrics) or just google "Game Time lyrics"): + +* First line: It's about to go down in a minute +* Last line: It's game time + +Back to RC's Florida post, you also got the ☀️👍. Florida. Sunshine. Good. Summer? Flo Rida has got a new song released this year titled "Summer's Not Ready" ([YouTube](https://www.youtube.com/watch?v=Zq4qjO5SENU)) released June 29, 2021. (Didn't some new rules go into effect around this time?) + +Guess what we missed this summer? The NFT announcement. It's cool, I get it. Building something brick by brick takes time. Delays happen when you're building things. So, we missed the NFT this summer on Bastille Day and Moon Jam. The NFT was ***not ready***. Get it? + +Check out these lyrics from Summer's Not Ready ([genius.com](https://genius.com/Flo-rida-summers-not-ready-lyrics) or just google "Summer's Not Ready Flo Rida lyrics"). + +* Are you ready for the summer? +'Cause **summer's not ready for me** +* Uh, **game stopped**, it was ready for me *(VERSE 1!)* +**Stock going up** heavy on me +**No stress** on me +* I think you're **ready for the main event** (Yeah) *(VERSE 2!)* +Come and get it, baby, **play to win** (Play to win) +Spread it for me, don't get spread too thin (Yeah) + +I might be nuts or this might be a simulation. I'm **ready for the main event**. Let's **play to win**. + +🚀🌝 +In early February, I stayed at a hotel using American Airlines miles, and Marriot hotel points for two nights. The only charge that I knew I would be paying was the resort fee at $35/night. + + +Upon checking out, the receipt confirmed the $35/night charges with no other charges shown. A few days later a charge for $160 showed up on my credit card. I called the hotel, but they said they do not see that charge on my account, and advised me to contact their billing department directly through email. I emailed the billing department, but got no response back. + + +So I filled a dispute with Chase. In early April, they found the charges to be valid. They showed a different receipt to what I got as proof that the charges were valid. The charge is for a room charge plus tax, which comes up to $160. + + +I reopened the dispute and showed my receipt and screenshots that it was a points/miles booking. Chase has found that it was a valid charge again, and said it was due to a billing error. + +&#x200B; + +I still don't know what the $160 charge is for. Am I just out of my $160? Any other steps to take? +My wife and I have about $38,000 in student loans, so I would love to make a dent in that if possible. I know very little about crypto currency’s, besides just looking at their value on google every once in a while. Please help! +A very short DD. + +So congratulations to Gary Gensler, voted in today with in a very close vote 53 v 45 with 2 abstaining. + +https://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=117&session=1&vote=00147 + +Edit: Quote from Better Markets’ Dennis Kelleher: + +“Gary is a proven fearless fighter for financial reform. He is exactly the type of person needed". + +The list of no votes interested me. I picked one name at random to see if I could link them to Wall Street. + +First name, BOOM, headshot. + +Marco Rupio, Senate for Florida. + + +His Vote: Rubio (R-FL), Nay  + +Link to Ken Griffin: https://www.google.com/amp/s/www.cnbc.com/amp/2015/12/09/hedge-fund-manager-ken-griffin-backing-marco-rubio-for-president.html + +Be under no illusion that what is happening here goes to the very top of the US Government. + +P.S. I just like the stock + + + + +Edit: I just want to clarify, I'm not interested in making this one party v another politics. I'm from Bulgaria (well, the UK actually). I do believe however that it doesn't matter which party is in power (indeed here or in the USA), they are all puppets for the rich and powerful. And I'll always do my best to show corruption as per my previous DDs. +First Off, I admit I don't know what I'm doing, I thought this would be like TDAmeritrade, except with automation. + +To me, Ninja Trader is just one big commercial. I'm trying to convince myself it's not a scam, but it's hard to get past the surface of it. Every time you login to their site, even the help forums, you are blasted with more opportunities to spend money on their 'Award Winning' software. + +They said I could hook up to TDAmeritrade and automate my trading there, but then I find I need to buy a license ($1000 - $1500) to do so. + +I thought I would be able to backtest my strategies for free, but in order to backtest, you need to buy a subscription to get the data, that's $40 a month. + +They advertise 'free' webinars to show you how to get setup. But so far every webinar I've watched turns into an infomercial for one of their ecosystem partners ($500 for a package of custom indicators, that you don't know if it's going to work for you or not) + +I have gotten to the point where I have a live account (Dorman Trading) for futures, but don't know what to do with it, and without any data feeds it's pretty useless, even for manual trading. + +I have not yet paid for the lifetime license, so I can still back out and withdraw all my money. + +Sorry for the rant. I've seen a few posts here on Reddit where people said it's working for them and good for them, but maybe this post will save someone else some heartache. Nothing ever comes easy. +My dad has been drinking heavily the past 6 months. His way of coping with my mothers mental illness. Yesterday he had a heart attack and now he has passed. I have no clue what to do. I've barely spoken to either of them the past 5 years. Does it matter hes my step dad and we dont share the same last name? My mother can not take care of the house or herself, she also cant drive. I just dont know what to do or where to begin. I would appreciate any help. Im still at the hospital as im typing this. I dont believe there is a will either. + + + + + +Edit: +1. We live in California, i live close enough to her to help. But i will not be moving in or have her move in with me. +2. A social worker did not talk to us at hospital before we left, i suppose i will call back Monday morning and get assistance. +3. Since its the holiday weekend everything is closed. But ive talked to a funeral home and they will be picking up my father Tuesday morning and cremating him for around $800. +4. My mother has kaiser and has not seen a doctor in over a year. I plan on taking her asap next week. I also believe she gets state disability already. She is also not objecting of me taking over the bills and finances. +5. I also will be seeing a probate lawyer next week as soon as i can. Their bills seem to be in order, everything is payed for the this month like mortgage, insurances, water and pge. All the vehicles and motorcycles are payed off also. + +I want to thank everything for the help and kind wishes. It has helped out tremendously. If you feel im missing anything still, im all ears. I hope everyone has a great Holiday. +Remember when shills entered for ONE DAY talking about selling at $5k? Yeah we realized real quick what they were up to, and they abandoned that tactic just as fast. Remember, price will do stupid and crazy things before the real MOASS. What we’ve seen the past couple days has been fun, but we’re not done yet. We may still have a long road ahead of us. HODL strong, apes, we should be safe for a moon flight soon. Just don’t give up. Not financial advice. 💎🙌🦍🚀🚀🚀🚀🚀🚀🚀 +Ratios look cheap right now but be careful with pouring a ton of money into the markets right now. The fed hasn't began reducing its balance sheet and we might be on the verge of a recession. Also, inventories for retailers have been built up and now they're going to have to lower prices to unload their excess goods which can cause deflation in retail. High interest rates and weak consumers will mean poor earnings and low ratios so beware. +I love the simple idea of value investing… buy something from a good business when it goes on sale well below its intrinsic value. However, how long do you hold on to something before selling and trying to get better velocity with your money? + +I’ve been sitting on BA stock since the software issues thinking it was on sale. Then COVID happened. Eventually I think it will recover to its previous highs unless COVID has significantly reduced the market for travel permanently. + +What rules of thumb do you use for waiting it out for the payoff? +So, ive always been a growth investor, I am a getting a little older now and want something a bit safer for the next 15 - 20 years. I am aware of "inflation" and "recession" certain value stocks do well, but from research growth stocks and mostly sp500 is what is in a bubble and possible crash will happen ( a big one) + +I have switched to value investing now for the next 15 20 years as a slow down. You typical value and consumer stocks as follow, PG, JNJ, TGT, HD, COST, FedEx, UL, Krafts. + +what are your guys thoughts? +I wonder what warren buffet thinks of all the antics going on with the stock market right? I would imagine he doesn’t care too much but is looking at what opportunity this may bring. This is a unprecedented time in the stock market but I think if we look for the opportunity to capitalize on the situation it will benefit greatly. + +What are everyone’s thoughts? +I can't really focus for more than like 15 minutes per reading session. I sit down, start reading, and I get lost in the words. I start feeling uncomfortable in my chair and eventually I just get up and say I'm done for today. + +Anyone feels the same way or am I the oddball here? + +I do understand that reading lots of annual reports is VERY important, but I just never felt that reading is "my thing". + +I much prefer listening (opposed to reading). I enjoy listening to lectures or audiobooks. I felt kinda dumb throughout my life that I can't read a book start to finish. Now that I'm older though, I think I can't be the only one feeling like this. + +If you feel the same, did you find a solution for this? +Seems like most tech businesses are factoring in continuing high growth in their earnings in their valuations, what happens if that doesn't pan out and they simply get moderate or normal growth? Can they keep growing at their current pace forever? +I’m still in my early 20s, just starting out in the world. One thing that I’m very fond of is my family farm(inactive with just barns and a field). My Father owns it but I have siblings who don’t care for it at all. I’m afraid there’s going to come a day where I lose it all because I can’t afford to buy them out. I’m almost certain it’s going to play out that way. Of course, I can forgo other inheritance like cash and other things but I don’t know how that’s gonna play out. + +What can I do to save over the next 10 years to be prepared to buy it from my Dad, hopefully avoiding sibling inheritance issues? Value is about $250k. Thank you! + + +As you would know by now (if you're not as green in the gills as a garfish straight out of the egg) there's a lot of talk in the daily thread and otherwise about the mythical and magical LKE afternoon jog. So I'm doing a deep dive DD on free data with the following hypothetical: + +"If you blindly bought Lake every day at noon and sold at 3.55pm, would you be better off than just holding?" + +There's been a long-held belief in the ASX bets community that you can ignore the LKE share price all morning and just tune in at noon when the action is. We've had all kinds of memes about it, so time to see if it's really a thing, or if we're just hoping our shitstocks will recover every time they open red! +In terms of scope I haven't included any CGT or brokerage implications - this is more for fun than for science! + +Here's a graph since the 8th of February of an original 10k stake on Lake, and what the price does if you buy at noon each day and only hold the afternoon until 3:55pm vs buy once and never sell - https://imgur.com/a/XKu7Bbg + +As you can see, there's a pretty big difference, and anyone putting their tendies on the jog train would be handsomely rewarded. In the last two weeks, the HODL strategy is up a respectable 20.31%, but the jog portfolio is up an r/Ausfinance trolling 41.67%!!!! + +So, ladies and gentlemen, in this small sample size - the lake afternoon jog is a real thing, and it's twice as good as just holding the stock! +Any questions? +  +I lost about $3.5k a year ago in an ill timed investment into APX. + +I watched the price go down down and I bought back in at $11.50, as my honest belief is that this company is going to turn a profit and that their services will be needed for years to come - as data is still data and AI is only as good as the data you feed it. That’s where Appen has a great product with clean, homogenised data sets. + +I was up $3.5k this week and I should have sold. I knew it and I was greedy. So now I’m another $1.5k ish in the red. + +I still think Appen is a good business so I’m not going to sell, but leadership just needs to do a better job of communicating to the market. Solid acquisition this week though so although I’m down right now, i think it’s shinier days ahead. + +My lesson this week has been, learn when to sell. Don’t be greedy. +That’s almost over 53K ETH with only fee of $1.93. + +Source: https://twitter.com/watcherguru/status/1537861363233656832?s=21&t=nrBxpSBKe-VfaVjfz2sUVQ + +I got a message from my bank a month ago saying something like, “investing in crypto is not safe and it’s dangerous”, I have stopped using that bank now. + +This is actually hilarious, because as I like to bet some money on sports (just a little bit for fun) and I’ve never received a message about the dangers of gambling. + +There has been so many cases of lives being ruined by gambling and if the bank want to advise us about something, they should advise us about not gambling instead of investing crypto.. + +In the end, I do understand their point. They are probably scared shaking about crypto’s threat to their banking system. +I have a private pension set up by my employer with Fidelity. + +The ETFs/Funds available are unusual. I have tried to google the ISINs of those and there is no match on Google or in any other investment platforms. In each document that I have about the funds, there is this wording: "The majority of our funds will not be available for review on external fund websites by searching for the ISIN or SEDOL numbers." + +Here is an example: [https://mega.nz/file/VBEwHIBR#4VvZUa9AlvF8olLHsneDS8mb5kMQOvyyYujwTvac9gk](https://mega.nz/file/VBEwHIBR#4VvZUa9AlvF8olLHsneDS8mb5kMQOvyyYujwTvac9gk) + +# Questions + +1. Is it normal that those funds are only visible with Fidelity and no info is present on Google? +2. What are the legal documents required for a fund in the UK? (For every fund, I only have short document like the one above but I would like to have more details about the content of the product) +I bought a lot of Just Eat shares last year expecting the company to do quite well during the covid lockdowns. However when reading the latest annual report (17.03.21). Although the company revenue has increased by 344% from last years, the company is still operating at a loss... To add to that, the share price is steadily falling since Oct 2020. + +Not sure what I make of this whole situation. Not looking for any definite answers, just want the opinion of my fellow investor colleagues on the matter. + +1. Should I hold to the shares? Just Eat merged with [takeaway.com](https://takeaway.com) last year and is also trying to get into US with Grubhub, are the losses just because of the aggressive expansion strategy of the firm or just a bad business model? +2. Should I just sell now and try to cut losses and reinvest in bitcoin/companies/index funds? Already at around -20%. +It looks like there's going to be another crash in the market because of Covid and Brexit. I have a few stocks I am looking at from a long term perspective, but I am looking at swinging a few positions. +Tell me, what's on your radar to swing in the coming months? +Okay maybe the title is slightly because I’m sure there are cases where you might be better off without one (?) but 9 out of 10 times, you’re winning. + +I didn’t want all my savings to sit in my bank account so I recently started investing in stocks using freetrade and I loved it. Until I realised I wanted to do this long term. And I realised the more I invest into my regular account, the more costly it’ll be to transfer over to an ISA because there’s no way to just switch - you have to buy and sell your portfolio on the market manually. + +I was initially put off getting an ISA because freetrade charged £3 a month (still cheap) but currently I’m using the trading212 one which is FREE! What pains me though is I had a strategy to buy and sell my stocks. I had spare £500 in my savings and I was going to use that to limit buy and then only sell at that price or higher from my freetrade account and then repeat with the withdrawn money. This won’t be possible (or will take extremely long) as freetrade takes 3-5 working days to deposit withdrawn money in your bank. So I’m crying right now. + +Anyways. Always make an ISA if you’re starting to invest :( and if any of you have suggestions for a workaround for my mess, please share lol! + +Edit: just to clarify, when I said buy and sell my stocks I meant from my regular account to my ISA account. I have only invested in about 15 companies and index funds and I’m fairly confident that they’ll go up in the long-term! This is literally a bed and ISA strategy which is the only way to transfer lol. My issue is that it takes me 3-5 days for the money to come back to my account once I have sold. Which is why I’m doing this in batches. Zero clue why people are downvoting my comment? +I was browsing around and found that despite revenue of over £10 billion it’s market cap is only £3 billion. Meanwhile car companies who haven’t ever produce a vehicle are valued at $8 billion and UPS (similar service) have a market cap twice as high as their revenue. I don’t understand why Royal Mail is valued so low sorry if it’s a dumb statement. +As predicted several of my FTSE 100-250 Shares are starting to tank in the run up to Brexit. Particularly those heavily invested in EUROPE. Meanwhile a few smaller cap British based shares are doing quite well. I’ve been reading a lot about how the financial, consumer and utilities sectors are going to struggle so does anyone have any good ideas about shares or sectors that might weather BREXIT best? +Hello, + +I'm a young guy with NO ASSETS and I need to start getting serious about my finances. I have a teaching gig that allows me to save about £800-900 a month in China, but until I'm allowed back into the country I'm working in a bar for minimum wage (live at home so expenses minimal). + +I've got £500 spare - what would you guys with that in my position? Is that even enough to be worth bothering with? +[https://www.theguardian.com/business/2020/jul/07/next-and-asos-drop-boohoo-amid-leicester-garment-factory-claims](https://www.theguardian.com/business/2020/jul/07/next-and-asos-drop-boohoo-amid-leicester-garment-factory-claims) + +Not looking good is it. +Just would like you thoughts on this : [https://kimblechartingsolutions.com/2020/04/sp-repeating-2000-2007-patterns-almost-exactly/](https://kimblechartingsolutions.com/2020/04/sp-repeating-2000-2007-patterns-almost-exactly/) + +I sold 70% of my portfolio on 20th of Feb and re-entered on 23rd of March. My performance is more than decent since then.... There is a bit of DD, lots of common sense and obviously a huge amount of luck with a perfect and lucky timing of the market. + +Since I saw the graph enclosed I can't stop thinking that I should test Kimble's assumption. + +Everyone is entitled to his belief and opinions and on my side I am 100% convinced that a) we are on for a massive economic recession and b) what we are seeing now is just a temporary bounce of the market before it goes down more significantly (ie:-50% or more vs 20th of Feb). + +The question from Kimble's graph is really : are we going to see the current rally continue for a further 8 weeks before things go significantly lower? + +I am well aware that no one has the answer and that timing the market is not a good idea (even though that's debatable). But selling everything around mid May to re-enter later at lower lows is the idea I 'd like to test with you. I am not really looking for advises/comments on "timing the market" or "are we at the bottom" or "don't try to catch a falling knife". What I am after are your thoughts on what could influence the market up or down in the next 8 weeks ? + +Surprisingly I have not seen many posts on Banks and Finance corps performance (despite them taking a proper beating) but a wave of really bad results from the systemic ones in the next 2 weeks could bring most of the market south earlier than I would like to. + +China ended confinement this week but new cases emerging regularly and becoming difficult to contain could influence the market before my 8 weeks target. + +US, UK or France not able to flatten the curve in the next 2 weeks could send really bad signals. + +Etc... etc... etc... + +Conclusion, I just need the market to go up for the next 8 weeks, according to you what are the macro/micro factors that you think are going to have an impact in the coming 8 weeks ? +Hi, I’m contemplating on starting to do a bit of trading like £100 a month, I’ve seen some of the free platforms like trading 212 or free trade etc I was just wondering if there are any decent traders to follow or where to look for a bit of copy trading? I do have a few companies I like to have shares in like Tesla etc but wanted to broaden my range seeing what other successful investors have just to learn more on it. I see a lot of stuff on reddit is based on the US markets but wanted to see some of the UK stock tips etc too just to see if I can even trade those shares considering they’re from US and the complexities around it! Sorry if the post sounds a bit stupid but trying to get my head around what options are out there and learn as much as I can. +Assuming you’ve been given $1000 how much would you save, spend, and invest? + +I’m still struggling with finding a balance between all three. Sometimes I find myself investing 90% of my earnings and having little to nothing to spend and save. If I was given $1000 I would typically invest around $800 or more. +Although we are standing in the middle of "The Church of Dividends", I think its important that we stop, think and question our current beliefs from time to time. + +Lets try to educate ourselves on both sides. + +Even as a exercise, research and argue for the opposing side. + +Please do not downvote a comment, just because the view is opposing to your own. + +please be civil. + +&#x200B; + +Ben Felix - Irrelevance of Dividends + +[https://www.youtube.com/watch?v=f5j9v9dfinQ](https://www.youtube.com/watch?v=f5j9v9dfinQ) + +Joseph Carlson + +[https://www.youtube.com/watch?v=hkMYKHbLi2Q](https://www.youtube.com/watch?v=hkMYKHbLi2Q) + +[https://www.youtube.com/watch?v=wGsJJ7\_gRRM](https://www.youtube.com/watch?v=wGsJJ7_gRRM) + +[https://www.youtube.com/watch?v=OTi6VBoy-dY](https://www.youtube.com/watch?v=OTi6VBoy-dY) + +Here is the pdf of the original paper from *Franco Modiglian*i and *Merton H Miller*. + +[https://www2.bc.edu/thomas-chemmanur/phdfincorp/MF891%20papers/MM%20dividend.pdf](https://www2.bc.edu/thomas-chemmanur/phdfincorp/MF891%20papers/MM%20dividend.pdf) + +Journal of Business : 1961: Dividend Policy, Growth and Valuation of Shares + +edit: i posted the wrong article/pdf + +Dividend Irrelevance Theory + +[https://www.researchgate.net/publication/287362277\_Dividend\_Irrelevance\_Theory](https://www.researchgate.net/publication/287362277_Dividend_Irrelevance_Theory) + +&#x200B; + +&#x200B; +We all talk about buying a Lambo as if it is the finale abstract step in the process of owning Crypto. + +But how many of you would actually buy a Lamborghini? So cough it up guys/gals what will you buy? + +EDIT: Please stop, Lamborghini has already called and is cancelling the plant expansion for 2025. Looks like only 2 orders came in from this post. +[Link](http://www.parisschoolofeconomics.eu/docs/darcillon-thibault/lucasmechanicseconomicgrowth.pdf) + +This week's article comes from /u/usuallyskeptical + +Abstract: + +> This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing. + +*** + +Schedule for November + +11/16 - David Card and Alan Krueger ""Minimum Wages and Employment: A Case Study of the Fast Food Industry in New Jersey and Pennsylvania" + +11/23 - Bernanke and Gertler "Monetary Policy and Asset Price Volatility" + +[Economics and Emigration: Trillion Dollar Bills on the Sidewalk?])(http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.25.3.83) + +This week's article was nominated by /u/sheer, who writes: + +> He discusses the deadweight losses associated with migration restrictions. It's nothing revolutionary necessarily (except maybe the magnitude of the possible gains), but he elegantly explains/summarizes a topic that seems to have received little attention from professional economists. This is also readable for those who haven't taken graduate level economics. + +Abstract: + +> What is the greatest single class of distortions in the global economy? One contender for this title is the tightly binding constraints on emigration from poor countries. Vast numbers of people in low-income countries want to emigrate from those countries but cannot. How large are the economic losses caused by barriers to emigration? Research on this question has been distinguished by its rarity and obscurity, but the few estimates we have should make economists' jaws hit their desks. The gains to eliminating migration barriers amount to large fractions of world GDP—one or two orders of magnitude larger than the gains from dropping all remaining restrictions on international flows of goods and capital. When it comes to policies that restrict emigration, there appear to be trillion-dollar bills on the sidewalk. + +That's the last of the June articles, please nominate new posts in the [July nominations thread](http://www.reddit.com/r/Economics/comments/28vaxt/article_of_the_week_nominations_thread_for_july/). + +I was reading this article by finshots and there are a couple of things I did not understand. +https://finshots.in/markets/ruchi-soya-the-hottest-stock-in-town/ + +1. What did the promoters get for selling it to Patanjali? It only says Patanjali started owning the debt. Did they just transfer the company for free ? +2. How did they get ownership of 99% of a public traded stock? +Hey all, I’m from the Czech Republic and almost everyone I know uses just Debit Cards, a lot of times, I see (mainly ppl from USA) use Credit Cards. + +I wanted to ask why do you, US folks, use Credit Cards instead of Debit Cards. (A lot of times I read about CC Debt..) Is there a reason it’s better then DC or just why, it is more comfortable for you or? In my country it just works like you cam spend money you dont have and pay it later, which leads a lot of ppl into debt circle. + +Thanks everyone! Just curious. + +“Excuse my English” +If it’s possible to gain 1-2% per trading day as a manual day trader. Why do people consider it impossible to employ a similar kind of strategy and see similar levels of returns with a trading algorithm? +I know we all love HSAs in this community, and thanks to COVID-19, they're about to get just a little bit better. + +Back in 2010 when the ACA was passed, a few restrictions were placed on HSAs to help balance the revenue projections of that law. One of them included a prohibition on over-the-counter medications without a prescription, which makes it a little harder to withdraw money from an HSA without penalty. + +Well, thanks to a very minor technical change that's easy to miss on page 364 of the [COVID-19 stimulus bill,](https://files.taxfoundation.org/20200325223111/FINAL-FINAL-CARES-ACT.pdf) that's about to change. See below: + +* " SEC. 3702. INCLUSION OF CERTAIN OVER-THE-COUNTER MEDICAL PRODUCTS AS QUALIFIED MEDICAL EXPENSES. (a) HSAS.—Section 223(d)(2) of the Internal Revenue Code of 1986 is amended— (1) by striking the last sentence of subparagraph (A) and inserting the following: ‘‘For purposes of this subparagraph, amounts paid for menstrual care products shall be treated as paid for medical care.’’; and..."" + +Now, you probably think that's just about menstrual care products, which is nice but a minor detail. But it's not. Check out that part about striking the last sentence of [subparagraph (A) of Section 223(d)(2)](https://www.law.cornell.edu/uscode/text/26/223): + +* " The term “[qualified medical expenses](https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-1337390798-1544200607&term_occur=999&term_src=title:26:subtitle:A:chapter:1:subchapter:B:part:VII:section:223)” means, with respect to an[ account beneficiary,](https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-127757966-1544200606&term_occur=999&term_src=title:26:subtitle:A:chapter:1:subchapter:B:part:VII:section:223) amounts paid by such beneficiary for medical care (as defined in [section 213(d)](https://www.law.cornell.edu/uscode/text/26/213#d)) for such individual, the spouse of such individual, and any dependent (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof) of such individual, but only to the extent such amounts are not compensated for by insurance or otherwise. ~~Such term shall include an amount paid for medicine or a drug only if such medicine or drug is a prescribed drug (determined without regard to whether such drug is available without a prescription) or is insulin.~~ *For purposes of this subparagraph, amounts paid for menstrual care products shall be treated as paid for medical care.*" + +Ta-da. HSAs can suddenly be used for medical care without a prescription. +Hi everyone! + +Not sure everyones views on the banks behavior for this. Maybe just too smart by half, maybe sneaky. + +&#x200B; + +Interest rate cut is almost certainly expected next RBA meeting. This week banks have quietly bumped up their intro rates. Just some Ive seen: + +IMB: last week 3.69, now 3.79 + +HSBC: 3.59, now 3.69 + +NAB: Offered 3.79, now 3.89. + +&#x200B; + +Once RBA reduces, then banks promote how they will cut as well (when in fact its just back to their old rate) + +These are just some Ive been looking at. Maybe most banks arent, but seemed interesting. +... Im not talking AusFinance demographics, I mean the average person my age and maybe even location. Google presents varied information around mortgage sizes, net wealth, etc but I couldn't seem to find any information that consolidates this and provides a point of comparison by age and/or location? + +Thanks in advance + +Edit: some philosophical responses coming in which I appreciate - perhaps my context isn’t to make me feel good or validated or measure my ‘success’ - rather I really want to know if I am being too prudent or ‘sensible’ for my level of income or not. +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! +I just hate that Google took a great tool for researching stocks and turned it into junk. Is there a website that had the layout and tools that the told Google Finance used to have? +With 2 year rates hitting 4% I'm pretty tempted to just chuck some cash in one of these + +I've never invested when rates were higher than 3%. Could they go higher? +Since this has been discussed in the sub before, I figured I'd share: [IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K | Internal Revenue Service](https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k?fbclid=IwAR3vqmtD7B0xRY96zb--JK-rMhggBOzONoKrToucZRMGM1fEkfXUT3ScX9g) +GameStop launched its beta NFT marketplace yesterday and blew past approx. $1.7M in transactions, and that's only considering the top 25 collections on the platform. NFT's up for trading currently range from images, gifs, 3D models, music, and TV shows. This is just the beta state so what's up on the marketplace is quite limited. It's still surprising how much volume was achieved already, most likely due to the hype surrounding its first day release. + +I don't see any games on there yet, but I suspect these are forthcoming once GameStop patches up the bugs and the marketplace is out of its beta state. It's part of GameStop's roadmap with its partners it is a thing, just a matter of when. What I'm super curious about though is what kind of content is possible outside of the gaming and art scene. + +Hoping for a legitimate discussion about the long-term success of GameStop's marketplace and what that means for the stock. I mean, the website looks pretty sleek and there's some really cool and really stupid content on there, but seems like there is potential if popular brands start jumping in and releasing exclusive NFTs. + +https://nft.gamestop.com/ +**Final Update: July 20, 2021** +Mom fought the hardest battle for 12 days in ICU. She no longer is suffering, and has gone on to be in Paradise. She’s the closest soul I’ll ever be connected to, and as her only child, it’s been an honor to have fought alongside for her. + +Just wanted to thank all the kind Apes for the positive words, the information, and support throughout this most difficult time in life. + +[** I’ve created a FB Donation Drive, for anyone wishing to help **](https://www.facebook.com/donate/820168035370366/?fundraiser_source=external_url) + +ALSO - A HUGE thanks to /u/Chetterthecat for personally reaching out and keeping me updated daily, as new information became available. Wouldn’t have felt as confident without your help, my Ape Brother. + +Apes are Loving. Apes are Kind. And the hearts among us within this community is something that (to me) will always be bigger than any currency or squeeze. + +Let’s bring her home boys, TO THE MOON, WE GO!! + +💙🙏 + +🦍 🚀 🌙 + +** UPDATE (Thursday 4PM EST) - the amount of love and support I’ve received from you beautiful Ape souls is incredible. Another trying day, I’m writing this from the Intensive Care Unit, and we’re really stuck in a holding pattern - Mama Ape opens her eyes for us, but has difficulty following much direction beyond that. We’re staying positive that this improves. + +Many of you were asking what type of freelance I do - and have offered ways for me to generate income to hold over. I received my Associate in Graphic Design, and have since moved into User Experience & Mobile/Web. I am an expert in Brand Identity & love working in consulting for businesses and teams, large and small. I’ve designed concert flyers and campaigns that have ran nationally across the United States, and have been fortunate to work with some incredible talent. + +The hard part for me has been finding the right gig(s) that allow me to be completely remote - as I’ve been a caretaker for the past 3 years. It has drained my Savings, and really made life difficult to say the least. I also created 2 dif startup companies, both which are not generating any revenue, as we haven’t been able to push through past the overhead / cost of business intake. + +All things considered, my eggs are planted (as well as everything I was able to contribute into GME), and most of what I’ve prepared is for the Long Term. High risk/high reward. + +I’m doing everything I can, including writing letters to debtors (Student Loans, Mortgage, etc., in hopes of some debt relief), have applied for all the State benefits - and have been denied repeatedly. The System fails, and I’ll own that statement, as I’ve exhausted each and every option to find means of stability. + +Lastly - to those upset that this thread exists, I can understand. There is nothing of value to the stock, and this could simply be considered a distraction. That said, it’s of my belief that Apes have transcended past dollars and cents. We are family, and when I posted this, I had NO IDEA it would resonate with so many of you. + +I’m still finding time to reply to all the kind comments & I have many DM requests, which I’m hesitant to open. For everyone who read this and took the time to reply - I thank you from the bottom of my heart, as I sit here beside my only Mother, holding her hand & praying for more signs of life. + +HODL. LOVE. BE KIND. +Ape’s are family. Let us NEVER forget this. +💙🦍💙 + + +**[EDIT: Wow, I’m overwhelmed with warmth. Apes are family. I have a raging migraine, have been through 2 days of pure hell, and have tried to reply back to as many of your wonderful replies as I could. + +Tomorrow is another day, and I’m compelled to provide an update within this thread. Also: I’ll be reading these replies for days and possibly weeks. I love you all and I couldn’t have asked for more support.]** + +— + +Apes, I’ve been with you all since Feb. Woke up yesterday morning and found my poor mama unresponsive, and had to call 911. + +Turns out she had a pretty bad stroke and has been in Intensive Care for 36 hours. Praying to God she makes a recovery. + +I have no idea how I’ll maneuver my way through this, having just lost my job, and really being on my own to take care of Mom. + +But I’m still holding. And I’ll find ways to land freelance gigs in the meantime, while spending my days at the hospital and preparing to do whatever is needed. + +Just wanted to share with you all, as I’m on this sub every day, and continue to fight (HODL) with you all until the very end. + +Love, Prayers, &amp;amp; Warrior Ape Spirit be with you all. 🔥💙🦍 +Hello Guys/Gals, Looking for some sounding board - so bear with me. + +I am European, in my early 40s, married 3 kids (10,10,2), working as an expatriate for nearly 15 years now, and for the past 10 in tax-free countries. + +I have been saving since my mid-20s, first as part of a company stock program, then it unintentionally evolved into the below set up and I really would like your views on: + +Current Set Up: + +- 35%-40% savings of my monthly pay is a regular occurrence. I pay myself first - always. +- $5k is what I tend to keep on my checking account for monthly unplanned expenses +- $60K is my emergency fund on a Citi savings account with 1.5%-2% interest. I don’t touch it! +- $310K is current balance of what now is a $3K monthly premium paid towards a 20-years Zurich retirement plan (i.e. vista) in the 9th year now. +- $27K is the balance of a $550 monthly premium paid to a Generali retirement plan (wife), in the 4th year now. I plan to use it as college fund for the kids. I pay for the boys, and they pay for their sister’s. +- $90K all on 4 ETFs – VTI, VGT, VOO and BND - up 27% YTD, but being in the US, I know 30% flat is Uncle Sam’s share in tax. I try to move about $500 monthly to grow the nest. +- $11K on a frozen IRA account. No active contributions, since I left the US in 2010 - I just watch it. +- $7K in 5-Year Autocall Notes with Devere paying 2.43% quarterly – has been good so far, despite March/April blip. +- 2 properties – no mortgages, and next planned property investment is for a long-term home only. Not big on real-estate. + + +Mid/Long-Term Future Plans + +The ultimate goal is to quit corporate in ~10 years. Then settle somewhere reasonably cheap in Europe, do consulting for living, seeking to have some flexibility in my days, since boys will be in college. + +- Savings: Increase rate of savings by least 5%. +- Zurich: Move retirement money out of Zurich. They charge me a lot (and try to make it impossible to really understand how much exactly), and don’t do anything for me. I provide 100% of capital, I take 100% of the risk and they take away +/- 10% yearly. I not sure where to yet. +- Generali: Fully convert Generali retirement plan into a college fund plan - keep contributions steady. Hope for some benefits in transitioning it. They have a hefty penalty you if you halt contributions or surrender. I signed up for this to make the wife happy – not my smartest move. Alternatively, take the hit and move it all to very low risks ETFs. +- ETFs: Potentially move it all to IB with Ireland-based UCITS. It currently sits with Ameritrade (US), meaning 30% flat tax. I would like to move it all to Europe – and convert ETFs to UCITSs to minimize tax liabilities, but keep “average” gains. +- IRA: Move it to ETFs/UCITS as well. Not sure how tax will play out yet, since this is in the US. +- Notes: I don’t mind gambling small amounts to get a boost in the cash once in a while. So status Quo. +- Real Estate: Sell one of the properties, to buy a long-term home to settle. Keep the other as it’s a beach house, and it is self-sustainable. + +I would love to have your views. Anything goes as I am not settled in my plans as yet. Thanks! +I decided to use Transferwise and I ordered my wise card from them. It never made it. Then I asked them about the tracking id for my wise card which they refused to provide. This makes them look incredibly fishy. What reason could they have for holding out on the tracking id for my card? + +Furthermore, it seems to me that if my card doesn't arrive, the only thing I can do is order a new one. So, their idea to deal with the non-delivery of a Wise debit card is to just force the customer to order a new one until they get lucky? My experience with them has been bad so far and I plan on moving my funds out soon. + +Can anyone here tell me if they had a similar experience because I only heard good stuff about them before I decided to use them. +Hello, + +After reading through this and /r/personalfinance's wiki I have come to the conclusion that I am getting ready to start investing some money, and I am looking for some advice regarding this. + +I am a 23y/o living in Spain. It has been a year since I gained total financial independence, and I have been saving as much of my salary as I have been able to since then, and I am looking into investing some of it, looking to make more money on the long term. + +Let me describe my current situation: + +1. This is my last year in university, graduating in mathematics. Uni is all payed for, but I am considering pursuing a master's degree next year. It could cost anywhere from 2.500E to 4.500E (most likely in the higher end). +2. I have been at my job for a little over a year and a half. Working 5h/week, making 916E/month after takes (it has increased over time). My job is related to my field. +3. My budget plans for me to save about 350E/month (this has also increased over time), and my current savings are up to just over 4.500E. This last 12 months have also shown me that I am able stick to my budget reliably. On average, every moth I end up saving a bit more than I budgeted for. +4. Next year I plan to move to an apartment with my girlfriend, who is also financially independent and has a similar situation as mine (she earns more and has more money saved up). We both hope to be able to save more by then, since our separate rents are our main expenses. She is not expecting any big expenses (already finished her master's and owns a car). +5. I do not have any debt. +6. My (very) long term goal is to buy a house and have a strong financial security. I do not expect or want to retire early. + +I would like to start investing some of my savings with a long term focus. Given that my monthly expenses are of at most of 560E (240E of these are rent, without appliances), according to the wiki I should look to have a 6\*560E = 3360E emergency fund, as my income is certain but I like to be safe. With this criteria met I can move on to saving for other goals. + +As I mentioned, I consider the idea of taking on a master's degree, which could cost me upwards of 4.500E (I'll use that number). I am still missing 3360E from this amount, which should take me some time to gather. + +My main question is whether I should keep on saving up until I meet my savings goal, or start investing now. If I did this it would be with a small amount, until I have actually met my savings goal. + +If I redirected a small amount of money (I was thinking about 300E, but I would wait to get your advice) to start investing, how should I go about it? + +Furthermore, if I were to wait to meet my savings goal, how should I go about investing then? This would also apply to the first scenario, after having met my said goals. + +I do not mind waiting a lot, I understand the benefits of compound interest; but I am also not afraid to take higher risks on a small portion the money I purpose to investing, at least for now. I do prioritize long term benefits though, as I am very comfortable with my current financial situation. + +Thanks for your time! +I have the option to invest with a local stockbroker that charges high commissions or choose the online stockbroker route for low commissions. What are the pros and cons of using either of them? + +How can the former survive when there are so many options for online brokers? I feel like I'm missing some advantages for the local broker and I need the help of this community to understand what this is. Thanks. +So I will be the happy subscriber of a relatively cheap (25€/month) fiber connection (1000/300MB) plan with unlimited data. + +I will never be using it fully and I will have lots of hours where it will be practically unused. + +My question is: is there a way to make it passively productive? + +I'm quite good at coding and I have a RaspPi that I could use as 24/7 worker, so I'm not afraid of complex stuff. + +I would avoid mining crypto because I'm against consuming energy to do nothing, hoping to win a lottery ticket (and I'm not going to pay hundreds € for a mining rig) . +1) how much money do professional day traders usually trade with? $10,000 trades? $20,000? What number do these individuals work with at the minimum to make effective profits? + +2) how much are these individuals making from day trading professionally per week, on average or even just a educated estimate. + +I’m trying to save up and learn more about the market so I can invest effectively in the day trade game +Hello, + Trying to figure out when to stop playing the game as much. + +Currently have: + +1.9M In VSTAX, ER:.04 - Vanguard Total Stock Market Index Fund Admiral Shares) +500k PRVAX, ER: .05 - Virginia Tax-Free Bond Fund +2.9M VWIUX, ER: .09 - Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares + +Generate about 100k in mostly tax free income + +Income: 290k + 230 bonus +Save: 19k before tax for 401k plus match of 19k plus after tax 1.7k to automatic Roth conversion +Completely save 230 bonus (minus taxes) + + + +Trying to decide if I should go 80/20 Bonds/Stocks and then if/when correction/recession occurs switch to 60/40 bonds/stocks + + + + + + +Generate about 9k monthly in mostly tax free income from bonds. + +Edit: + +Age: 45 +Nw: 6.3M +AA: 61/39 Bonds/stocks + + +Goals: retire with the ability to not worry, travel, etc. I struggle with moving goalposts on how much I need. I have also made it and want to preserve capital. + +I am FI now but it’s about just ratcheting back vs trying to keep growing. Has anyone just said “enough is enough” and moved more to bonds? +Your resident DD ape to rain on yet another parade! This post is a rebuttal to a post that was applying Benford’s Law against GME stock prices to raise some fraudulent flags. + +The DD can be found [here](https://www.reddit.com/r/Superstonk/comments/nnvmtj/benfords_law_test_shows_high_likelihood_of/?utm_source=share&utm_medium=web2x&context=3) by u/animasoul. It does a great job of explaining Benford’s Law, and how it has been applied from an accounting fraud perspective. I want to strongly emphasize that Benford’s is used as a red flag, as mentioned in their DD, which then indicates there might be some worth investigating the potential fraud further. + +The law does not exactly have definitive proof of why it works (much like Zipf’s Law as well), please read their DD for an introduction to the topic, below I'll give an explanation of **why** Benford’s Law makes sense though. + +^(Noting, there are other more complex ways to explain why, namely chopping up the distribution of a logarithm (combining is by chopping it up it evens out and represents a uniform distribution, which is what Benford’s law generally applies to best).) + +# Why it Works + +Apes like money, so let’s roll with that, shall we. + +Ape has **$5k**, ape want **$6k**. That’s a 20% increase in value. + +Ape now has **$6k**, ape now want **$7k**. That’s a 16.6% increase in value. + +We can extrapolate further, but these are all we need. The “effort”, if you will, to increase from $5k to $6k is more than is needed from $6k to $7k. As such, you’ll spend “more time” at the lower digits as a result. You can flip this around too and fix the time it takes to double your money. This will result in exponential growth (doubling every, say, week) - time spent at the leading digit will then be roughly logarithmic (Read small text for reference on what that matters). + +^(Bit of a math side note after you read the small text, specifically relating to how Benford's Law works - it works best across many orders of magnitude for a uniform distribution. Meaning equal datapoints of magnitude 10\^0, 10\^1, 10\^2, etc... which is what we can loosely say is an exponential process (this goes back to the second point in the paragraph above)) + +# Orders of Magnitude are just not There + +The use of stock prices and Benford’s Law can be *debunked* pretty easily, and it comes down to [orders of magnitude](https://en.wikipedia.org/wiki/Order_of_magnitude). Benford’s Law can be applied to stock prices, but not a single stock price alone (at least, within such a short time span of 6 months to detect fraud). It’s not hard to imagine that 500 stocks can span several orders of magnitude, and as such, when aggregated and compared to Benford’s Law, it holds true. + +&#x200B; + +[I wrote a script that pulled daily data from Yahoo Finance \(Jan-2021 to May-2021\) and dumped it into Google Sheet, lemme know if you want the code.](https://preview.redd.it/atlb9wlz17271.png?width=693&format=png&auto=webp&s=2d8162dc52cf00977dc36805c3a43b80c84d5068) + +&#x200B; + +[Volume instead of stock prices](https://preview.redd.it/uglzywu127271.png?width=677&format=png&auto=webp&s=364ab8813e0b98e9f0f6d76c9ad4c40679ca3ce0) + +The same can also be said for volume. So why does this not work on an individual stock level? + +Let’s check out the standard deviation of the S&P 500 first digit distribution for both volume and stock prices. + +&#x200B; + +https://preview.redd.it/v8c1pud427271.png?width=602&format=png&auto=webp&s=1a6032e9f1cbbb9e0dda164bd3b92c15ce945d80 + +As we can note for stock prices, there’s a huge deviation. And it’s obvious once you look at the screenshot below for stock prices in particular. + +&#x200B; + +[Stock Specific First Digit Distributions for Stock Price](https://preview.redd.it/n0c7wpd627271.png?width=1387&format=png&auto=webp&s=d39b00db86c30ad4a58706ae47c9d80f6104e90a) + +They are very much bound to a specific stock price range which is derived through various psychological means from investors valuing that stock. This shows that individual stock prices do not span many orders of magnitudes, and in the eyes of Benford’s Law, is not accurate due to this . + +Volume has a lower standard deviation, as we can expect because it’s not hard to imagine that it’s easier for it to span orders of magnitude. But still suffers the same fate as stock prices due to being anchored by the float, among other reasons. + +# Conclusion + +So yes, you can use it when aggregating many stocks, but not for individual stocks in a short time span of 5 months, as it does not meet the order of magnitude logic\*. + +GME is being manipulated, it’s been shown many a time before - so just because Benford’s Law doesn’t work - no big deal. + +^(\*Noting, that if you use a wider historical length, you may satisfy this behavior of Benford’s Law as you have a better chance of witnessing "more orders of magnitude". But applying a small timespan e.g. when GME has been actively manipulated against it does not work for “fraud” detection due to the above.) + +^(\*\*Another note, I would have bothered with some stats tests, but I'm lazy. The last screenshot says it all from an observational perspective and from an S&P 500 perspective, sample size is more than sufficient (500 stocks \* 100+days).) + +I welcome your thoughts on the matter, interested to see if there are any counterarguments to this. + +Edit: Just wanted to emphasize that u/animasoul did a great write-up regardless! Thanks for testing the law in the first place 😊 + +Edit: Updated some wording to clarify Benford's Law and orders of magnitude. + +Edit: Had a decent amount asking for the code, here it is. It's got not exceptions, so it'll break if you include a ticker symbol in *ticker\_ls* that yahoo finance API cannot find. It's also pretty slow. Wrote it in a few minutes, feel free to jazz it up. + + import pandas as pd + import pandas_datareader as pdr + + df = pdr.get_data_yahoo('GME', start="2021-01-01", end="2021-05-30") + df.reset_index(inplace=True) + df = df[['Date','Close']] + df = df.rename(columns={"Date": "Date", "Close": 'GME'}) + + for ticker in ticker_ls: + ticker_df = pdr.get_data_yahoo(ticker, start="2021-01-01", end="2021-05-30") + ticker_df.reset_index(inplace=True) + ticker_df = pd.DataFrame(ticker_df['Close']) + ticker_df = ticker_df.rename(columns={"Close": ticker}) + df = pd.concat([df, ticker_df], axis=1) + print("Finished "+str(ticker)) +**EDIT:** A great OG IRA-DRS ape, u/winebutch found a non-broker custodian, **Mainstar Trust**, who offers SDIRAs, has already DRS'd multiple IRAs with them, and has outlined the process beautifully here: + +[https://www.reddit.com/r/Superstonk/comments/scpxs9/another\_path\_to\_drsira\_with\_no\_taxable/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&utm_medium=web2x&context=3) + +For any who may not know, no surprise that Ally/ Apex has dropped the ball and a lot of potential clients, myself included, by requesting any previously DRS'd IRA shares be pulled back or they will be coded as a taxable distribution. Had a hunch, so I attempted to transfer within CS to a different custodian, without pulling them out of book entry-- this worked temporarily, **but Computershare did catch on** and moved my shares back, so **I do NOT recommend Ally or the process I used in this post.** + +\---------- + +(original post:) + +btw this is a copy of my second post ever, so apologies in advance for my rambling, incoherent babbling… + +Everything I did so far was done online. **No LLC. No EIN**. (although I have both, but did not use them here) No separate custodian, other than what appears to be the custodian for my self directed IRA at Ally Invest. (Apex, which one of their reps said is their clearing corp or something) + +Here’s how I did it (with some random numbers in almost a list format): + +1. Opened new IRA accounts with Ally Invest. One to match each type of IRA I had with TDA. I opened 1 Roth and 1 traditional IRA. + +PLEASE NOTE: This in no way is a plug for Ally, they just start with an A and were on some list when I searched for 'self directed IRA' -- a side note, within a note: For some reason I opened an account with AltoIRA first (I know, NOT in alphabetical order, WTF was I thinking??), and tried to DRS my IRA with them. They evidently only help people throw their life savings into metals, farm land, baseball cards or anything BUT stocks, so that was a dead end. Nice people. And when I have some extra money and want to truly diversify… + +so back to Ally. Here is the page: [https://www.ally.com/iras/#choice](https://www.ally.com/iras/#choice) + +I picked 'self directed trading’ + +&#x200B; + +[anyone can open an account instantly, just plug in your info and voila, you have an account.](https://preview.redd.it/o4yxbm2lw7v71.png?width=2740&format=png&auto=webp&s=1e8ebb7c97eb1feeabecd6b2dbe0f260be7a26cf) + +&#x200B; + +* 2. Ally has an easy peasy built-in ACAT transfer form that basically took me through a series of fill-in form questions in order to "Fund My Account" in the beginning, or I see this now under the **Transfers menu > From Another Firm**. + +My Roth I transferred all and closed at TDA, my traditional I only transferred shares and kept some change in TDA just to keep the account active. + +A NOTE ON CHARGES FOR TRANSFER: Ally does reimburse up to $150 for transfer fees, but you need to have that money in your account or transfer it in after the fact, then apply for the reimbursement. + +So for example, my Roth I only had a few bucks so once the full transfer completed, I got a "margin call" email from Ally saying they were going to liquidate something or somecraplikethat to cover my -$52 cash balance. This scared the sh@t out of me and I immediately thought "Oh no, they work for Shitadel." Then I remembered about the transfer fee, so I just transferred $52 in from my bank and all was well. + +This took less than a week from TDA. **I opened my Ally account and started transfer on the 8th, and my GME shares showed up on the 13th.** Success! I immediately started transfer on one of my other IRAs. This time I made sure I had at least $75 cash balance, so no more margin drama. + +&#x200B; + +[\* I found out if you just choose partial, your old account still remains active. this might save you \~$25 just by not closing that account. You can still select all shares to transfer.](https://preview.redd.it/875cl7mnw7v71.png?width=2734&format=png&auto=webp&s=e9669070e14b193bad038af54f3934647b87fe43) + +&#x200B; + +* 3. After some chatting and digging and emails with Ally Client Services (which has been awesome so far btw), I found the following simple process to DRS my shares in my IRA. Both Outgoing (to CS) -- and Incoming -- (from CS to Ally): + +(copy/ pasted from Ally email) + +————— + +Please see below: + +Outgoing DRS Procedure: + +* Submit a Letter of Instruction including: +* The purpose (outgoing transfer of a security) +* The name of the transfer agent where the shares are going +* Security symbol(s) +* Share quantity +* Social Security Number +* **Acceptance of $115 processing fee per security, or $125 fee in case of rejections** +* State your acceptance **in the body text of the LOI** +* Please remember you must have the balance available in your Invest account at the time of processing +* You must sign LOI **in wet ink** or **electronically via stylus** (electronic stamps are **NOT** considered wet ink signatures) +* LOI can be returned via fax, mail, or Document Upload online. +* Fax: 866-699-0563 +* Mail: Ally Invest, PO Box 30248, Charlotte, NC, 28230 + +Incoming DRS procedure: + +Complete an ACAT transfer form and include a copy of the current statement. + +* This form will now be available on the Transfers page in the Ally Invest Live Platform. +* Return to Ally Invest by email, fax, document upload, or mail + +————— + +(end of email) + +* 4. Here's the thing, I was stoked to do this but am super busy with work, got this info on the 13th. 2 days fly past and I'm driving along and a voice pops in my head: "Come on, these IRAs aren't going to DRS themselves! I know the process now, DO IT." + +\-- so I pull over in a parking lot at 5pm on the 14th, and **hand wrote this letter of instruction** (below) in my truck, signed it, **took a picture of it** with my phone and **emailed it to** [**support@invest.ally.com**](mailto:support@invest.ally.com)**for each of my IRA accounts**. + +(I left blanks intentionally so if it worked, I can just fill in my own info for each account I will be DRSing in the future. Also for sharing the process ;) + +&#x200B; + +[fill-in form in true ape style](https://preview.redd.it/m1p6mmjuw7v71.jpg?width=3024&format=pjpg&auto=webp&s=46aed1d2fe7c1e0efecb52644c7be03a4b780ec7) + +Maybe it's bad to send stuff via email with your SS# on it, and if I didn’t want to, I'm pretty sure Ally has a secure document upload thingy. I was just sitting in my truck and they said I could email it, so I did. I have voluntarily frozen my credit and enabled 2FA on all accounts since we had some identity theft scares in the past. Maybe from emailing all that sensitive information... 🤔🤔 + +I sent this email at about 5pm on the 14th with the (filled in) letter above as an attachment. + +Approximately **20 minutes later I got a response** that they “forwarded my documents for processing and it generally takes 5-10 business days, and have a great day!” + +Here is the wording of both of my emails: + +email #1: + +———- + +>Hello, attached please find a letter of instruction for and Outgoing DRS transfer for my Roth account.Please reply to confirm receipt of this email and letter as well as to let me know if this is accepted or if you need any more information. Thanks!!Cheers,\[youniversawme\] + +———— + +email #2: + +———— + +>Hello, attached please find a letter of instruction for and Outgoing DRS transfer for my Traditional IRA account.Please note: this is my second LOI today, for a different IRA account (first was for my Roth). I’m not sure if this is necessary to indicate which account, so please advise for future reference. If this works out as intended, I will be transferring more accounts over to Ally to do the same and most likely open business and personal banks accounts with you as well.Please reply to confirm receipt of this email and letter as well as to let me know if this is accepted or if you need any more information. Thanks!!Cheers,\[youniversawme\] + +——— + +and yes, I realize I misspelled "an" on both emails-- see? you can literally be retarded and still somehow do this. + +* 5. Since I now had the process possibly rolling, I thought I'd better cover that $115/125 fee so I deposited $150 into each of my IRA accounts with Ally. I know this is considered a contribution, which for my Roth will put me over the max, but I'll deal with that on my taxes or take a $150 distribution to balance it out. (NFA, I have no idea what I'm doing, just make it up as I go) + +At one point, one of the email support people thought it may not work as they were not familiar with the custodian thing, or lack thereof, at Computershare. However, I had already submitted my letters of instruction for both my IRAs by then and trusted they did not call it a "self directed IRA" for nothing, so I figured I'd just let it ride and see what happens… + +…drumroll.... + +* 6. days later, on 22 Oct, I received this GameStop DRS advice from Computershare in the mail, with Apex Cust FBO \[youniversawme\] Roth IRA as the recipient. I'm no rocket scientist, but the signs certainly are pointing me toward the conclusion that.. + +It worked!? It actually worked!! + +&#x200B; + +[notice the shiny new account number 641xxx.](https://preview.redd.it/2wiwettww7v71.jpg?width=2108&format=pjpg&auto=webp&s=8e2d253f63066a7a78a53f6a913cdbd12a02735b) + +Full address line reads "APEX CUST FBO \[youniversawme\] ROTH IRA" + +\[expanded = **Apex** Clearing Corp is **cust**odian **F**or **B**enefit **O**f my **Roth IRA**\] + +Again, regarding Apex being custodian, I will follow up but I remember one of the Ally chats or emails saying they use Apex for clearing or holding or evidently custodian stuff, so I'm not too concerned about this. The main thing is that they are **willing to act as custodian FBO (for benefit of) me**, and these shares are **still in my IRA AND DRS'd in Computershare** with my name on them. + +\[Here is Ally's web page on this: [https://www.ally.com/invest/disclosures/funds-availability.html](https://www.ally.com/invest/disclosures/funds-availability.html) \] + +Well, that was just yesterday, and I have already emailed CS to see if I can access this account through my regular cash portfolio account/ user, or if it requires setting up a new user since it's an IRA. Not a big deal there, just be easier to have one less username and password in the world.. + +TL;DR + +It appears I have stumbled onto a way to DRS my IRA without too much trouble. + +I explain how I did it above. + +If you want to know how, scroll back up and follow the trail of little black dots. + +or this: + +**IRAs at TDA > IRAs at Ally Invest > DRS shares at Computershare, still in IRA** with Apex as custodian FBO (for benefit of) me + +**Out of pocket cost: $115 for each DRS position\* (ingoing or outgoing). \[\*not per share, this is for the lot\]** + +That's it, my beautiful ape friends. That's my story, what appears to have worked for me and how I will be moving 100% of my IRAs to DRS and hopefully rolling over a 401K soon to do the same. + +Of course, this may not need saying but I am the opposite of a financial adviser. I may somehow get hit with a huge tax bill next year, and though it doesn't seem likely, that's a risk I'm willing to take. The above steps are simply something I chose to do with my own hard earned money and felt compelled to share with the world and a few thousand new online friends I've made since I randomly bought a share of some failing brick & mortar store when they turned off the buy button, laughed at some memes and read something called "DD" on some website... + +Do your research, make your choice, and make it well. + +See y'all on the moon. + +**Edit:** Some apes had some great questions in the comments so I clarified and added a link above, and I will be testing out that "incoming DRS procedure" asap to document this. The following is what I know so far regarding how IRAs are handled in Computershare... + +# Can CS hold my IRA? + +I'll let Nica from Computershare answer that: + +[My understanding is that he's screaming to just transfer back to Ally before selling any. ](https://preview.redd.it/t8vqxam1xbv71.png?width=1128&format=png&auto=webp&s=01eef02b35454d2f3ad332e64a90e6acdbb82416) + +I don't even pretend to understand NFTs, let alone how one would be handled or taxed, but again this is a risk I'm willing to take here. + +# Is it a direct transfer, a rollover or distribution? + +again, Nica can do the honors here... + +[Aaah, the dreaded Medallion stamp! ](https://preview.redd.it/xfj5qldixbv71.png?width=1130&format=png&auto=webp&s=884676349f3d8073878c7b4bd6c8296235415355) + +And Lo, the Corporate Resolution with raised seal!! Sounds very scary!! Just in time for Halloween! + +I may have to return the ape mask and go trick or treating as a Medallion Stamp this year. + +Wait. I got it. I will be the ape wielding a flaming Medallion stamp, with a monstrous Corporate Resolution around my waist, and a raised seal belt buckle. Watch for me out there. + +**Ok, back to business.** Seems like this ACAT transfer or whatever instructions I scratch out in a parking lot this time might need to look a bit more official, so I'll get a new set of crayons and get to work on that. + +To be clear, I wasn't all that thrilled about Apex being my custodian either, but I figured hey at least I know these shares are DRS and not fakes anymore. Seems like this Medallion is the silver bullet. + +[Sorry to beat a dead horse here, Just trying to clear up the whole custodian thing.](https://preview.redd.it/ys5o9ei30cv71.png?width=1186&format=png&auto=webp&s=e23689674ba81cd89160a04e360f1c494fcaa998) + +Depending on how smoothly this goes, I may experiment and try to use my own LLC/ EIN for another IRA. My next post may just contain one of these rare, exotic Medallions I've been hearing about... + +&#x200B; + +https://preview.redd.it/z3c8fr602cv71.jpg?width=450&format=pjpg&auto=webp&s=4e10a59d16c4c3349b35f7a495f554a2949f14ce + +Edit 2: To be perfectly clear, I already transferred 90% of my cash accounts to CS, and will be transferring the rest along with 100% of my IRAs, and rolling over the entirety of a 401K to do the same as soon as I can. + +I am in no hurry to sell, and I view any delays in that process due to DRS as me gifting myself more patience and control when this stock takes off. + +I also view this as a fantastic long term investment, one that I currently can find no better place to put my money. I guess you could say I like the stock. +Guten Tag to all of you Great Apes around the world! 👋🦍 + +What a surprising day! Joining the S&P MidCap 400 is fantastic news, as is the long-overdue rebranding of EB Games to GameStop in Canada, so of course that can mean only one thing: DIP! I myself am the proud new owner of 10 (freshly counterfeited?) shares, courtesy of the dip machine. RRP continues to creep closer and closer to a new all-time high, and Apes continued to HODL with Diamantenhände - this showdown is far from over. I, for one, am excited to see what today's market action brings! + +Today is Thursday, July 29th, and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$170.83 / 144,80 €** *(volume: 1371)* +- ⬜ 115 minutes in: $169.86 / 143,97 € *(volume: 898)* +- ⬜ 110 minutes in: $169.86 / 143,97 € *(volume: 891)* +- ⬜ 105 minutes in: $169.86 / 143,97 € *(volume: 879)* +- 🟥 100 minutes in: $169.86 / 143,97 € *(volume: 867)* +- 🟥 95 minutes in: $169.90 / 144,01 € *(volume: 827)* +- 🟩 90 minutes in: $169.99 / 144,09 € *(volume: 773)* +- 🟩 85 minutes in: $169.81 / 143,94 € *(volume: 674)* +- 🟩 80 minutes in: $169.64 / 143,79 € *(volume: 583)* +- 🟩 75 minutes in: $169.59 / 143,75 € *(volume: 520)* +- 🟩 70 minutes in: $169.49 / 143,66 € *(volume: 490)* +- 🟩 65 minutes in: $169.27 / 143,47 € *(volume: 487)* +- ⬜ 60 minutes in: $168.72 / 143,01 € *(volume: 475)* +- 🟩 55 minutes in: $168.72 / 143,01 € *(volume: 426)* +- 🟥 50 minutes in: $168.66 / 142,96 € *(volume: 362)* +- ⬜ 45 minutes in: $168.71 / 143,00 € *(volume: 346)* +- ⬜ 40 minutes in: $168.71 / 143,00 € *(volume: 312)* +- 🟩 35 minutes in: $168.71 / 143,00 € *(volume: 275)* +- 🟩 30 minutes in: $168.66 / 142,96 € *(volume: 253)* +- ⬜ 25 minutes in: $168.53 / 142,85 € *(volume: 247)* +- 🟥 20 minutes in: $168.53 / 142,85 € *(volume: 245)* +- 🟩 15 minutes in: $168.66 / 142,96 € *(volume: 233)* +- 🟩 10 minutes in: $168.59 / 142,90 € *(volume: 93)* +- ⬜ 5 minutes in: $168.56 / 142,88 € *(volume: 93)* +- 🟥 0 minutes in: $168.56 / 142,88 € *(volume: 28)* +- 🟥 US close price: $169.12 / 143,35 € *($169.69 / 143,83 € 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 1.179767. I wrote and maintain a C# application 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) + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler, following their sudden disappearance after Memorial Day. I also am worried, as I had tried to make contact many times and never received a direct response. Over four weeks ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the curator of the series. I've been serving as host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +JFKs father famously sold off his positions when his shoes shine boy started talking to him about the stock market and giving him advice on what companies to own. [Full article.](https://www.businessinsider.com/how-to-spot-stock-market-bubbles-2017-10) + +&#x200B; + +The fact that r/wallstreetbets has been the number 1 "fastest growing subreddit" recently should probably set off some warning bells. May be wise to at least hedge or reconsider the "stonks only go up" mantra. + +&#x200B; + +impossible to call a top but can always protect your account from getting blown up. Right now we are 17% above 200 DMA, in 1999 it went to 50%. This market has room to get even more retarded so going negative is probably ill advised. That said, when it drops it'll be epic and I look forward to seeing the fallout. + +&#x200B; + +Good luck fellow autists! +I see lots of people suggesting this one will rocket. But I’m not sure I understand the DD on it. Score has been around for a long time. What makes them more appealing now all of a sudden? Is it all tied to the speculation around the bill in the legislature this month? Is this a meme stock? +Email: +Hello + +We’re sorry to hear that you haven’t received your item(s) from order #205-3006941-9514768. + +We have fully investigated this matter with the carrier. It appears that  the package weighed the correct weight, ,0.370(kg, upon delivery. The  package was delivered in good condition, with no visible packaging  damage. + +Based on the results of our investigation, we won’t be able to provide a replacement or refund for this order at this time. + +If you think that someone has intercepted your item, this is a crime,  and we advise you to contact your local police authorities, if  necessary, in order to pursue this matter further. + +If the issue isn't resolved after contacting local police, please contact us again and include a copy of the police report, crime reference number and  details of the station where the incident was reported. Please note we are only able to provide a replacement order or refund on reports that we can validate with the local police force in question. For that reason, we are unable to accept reports filed with Action Fraud, as this is a reporting centre, rather than a local police force. + +Please forward a PDF, JPG or PNG copy of the report to the following address: uk-deliveryinvestigation@amazon.co.uk. + +Please be sure to include key information including: + +- Name/Rank +- Station/Organisation +- Phone Number +- Crime Reference Number + +Without the police report, we're unable to take further action. + +Thank you for your understanding. + + +Warmest regards, + + +Amazon.co.uk +Your feedback is helping us build Earth's Most Customer-Centric Company. + +========================= +I DID NOT say that the package arrived in good condition. Can I file a chargeback with my credit card and win? Will I win but get banned? If I get banned, will I be banned by Amazon co UK and not Amazon com? I got this item in London using Amazon Co UK but I'm an American and will be not using COUK again +Man, this really sucks but just got told I won't have a job in 2 weeks time. + +Have in the bank around 150k originally saved up for a mortgage - now there's no need for that. I also have an emergency fund of around 10k. + +Anything else I need to do? I already live and eat cheap (around 30k/year). Don't have a car. + +Man, I'm depressed. +for example, + +spy right now is $437.98 + +spy jan 24 $462 put option (deep itm) is trading at $23\~23.77 + +but spy jan 24 $438 put option (atm) is trading at $3.65 + +intrinsic value of $462 option is like $24 + +mean while $438 option has intrinsic value of $0 + +that means $462 put option contract premium (extrinsic) is worth almost close to $0 mean while + +$438 option is like $3.65??????? + +why is $462 put deep itm option premium is worth basically almost nothing beside intrinsic value? why would any one sell option so cheap? + +right now iv is really high but deep itm option extrinsic premium is worth almost nothing mean while atm/otm is really expensive? + +why is that? and why would option sellers sell deep itm option contract for almost nothing? (other than intrinsic value) + +aren't you getting absolute bargain by buying deep itm option? + +shouldn't extrinsic value of deep itm option be worth much more because iv really high? + +how come high iv (and increasing) seem to only affect the price of atm/otm option premium price and not deep itm option? +We know that RH closes spreads on expiration if you are unable to take assignment of the short leg. + +What I've learned today is that they will close the spread even if it's not too close to being ITM and you have sufficient funds to cover assignment. + +The lesson cost me $22, and I'm sharing it here so you know how "free trades" work (in addtitoon to PFOF, etc.) + +According to their answer to my WTF email, they said that: + +"Only one leg is (at risk of being) in or at the money… We may attempt to close the spread" + +And + +"You cannot opt out of the risk check, and the risk check may occur more than 90 minutes before the market’s close on your spread’s expiration date due to numerous factors (including volume)." + +I understand the risk if only one leg is ITM at expiration, but if I have enough funds, why closing it? The did not say. + +More important, what does it mean" at risk of being ITM"? + +Rethorical questions, I assure you. + +What I'm sure is that these were not closed to HR market, but rather "internally" and that this "risk check" (particularly when an account has the funds to support assignment" is just a way to generate additional revenue. + +Just though it could add to the list of reasons why RH is a crappy platform, and why "free" is not free +I've begun searching for a property and I'm a bit put off by the idea of forking over $500 before every auction for building inspection. What is the point of this? Why can't they just provide a report so that every single interested party doesn't have to waste their time and money? +TLDR + +BCG = 💩💩💩 + +Overpriced consultants and executives were, without a doubt, trying to destroy Bed Bath and Beyond. If not for GME chairman, ~~Warren Icahn~~ Ryan Cohen, coming to the rescue, this would likely have happened... and they would have gone the way of Sears, Toys R' Us, Circuit City, Blockbuster. + +-------------------------------------------------- + +I thought this post by u/halfconceals might have a place here. They did not have enough Karma to post it. + + +-------------------------------------------------- + +"Hi GME friends, this is a post mainly about BBBY but relevant here because of Ryan Cohen. (Not financial advice.) + +During FY2021 (ended Feb 26, 2022), Bed Bath burned through almost a billion dollars in cash. This included approx. $589M spent on share repurchases of BBBY and approx. $354M spent on capital expenditures. This leaves the company with only $470M cash on hand, less than 1/3rd of what it had at the start of last year. Meanwhile, it has about $5 billion in liabilities. + +Source: 10-K, page 46. + +The evidence that Bed Bath is trying to kill itself and steal from its shareholders is this sentence from the recent 10-K: + +Capital expenditures . . . for Fiscal 2022 are projected to be approximately $390.0 million to $410.0 million. Our capital expenditures in Fiscal 2021 were related to digital and omni-channel capabilities, store remodels and investments in technology across a number of areas including supply chain, merchandising and finance. -- 10-K, Page 35. + +That means the company is planning to spend about 90% of its remaining cash within the next year. Bed Bath netted only $17M from operations last year. So this plan to spend the remaining cash is utter bullshit. Its like using your emergency fund to repaint the house. I fully support Ryan Cohen in holding these a-holes accountable. + +Bed Bath can be transformed by finding a buyer for buybuyBaby. Price discovery from an offer on Baby should allow the share price to return to a fair level after massive shorting during an historic share buyback. This will permit Bed Bath either sell Baby to raise cash, or else sell stock just like Gamestop did last year. It would completely transform their balance sheet. + +If the a-holes at Bed Bath resist Ryan's plan, they should face personal liability by shareholders for corporate sabotage. + +(Oh, and did I mention that the float on BBBY after the share buyback is about 24M, of which RC owns about 9M and the remaining 15M are reported short? 🌶🌶🚀 NFA.) " +I just wanted to restate an already well established opinion. + +Seeing as so many "Unpopular opinions" are floating around and many new people joined the sub. + +**NFT** Marketplace is great hype, personally I can't wait and see what is going to happen, there is so much potential and we are so many potential users on this sub alone to kick it off with. + +But we can't expect that the news or announcement of this **NFT**marketplace will trigger **MOASS**. + +**NFT** is still a fairly new concept for many and many have a hard time wrapping their heads around it or don't want anything to do with it because it is still too new for them. + +But with **DRS** we can with certainty trigger **MOASS** ourselves without needing to rely on anything else. + +By registering all our shares at **Computeshare** we can prove there are more shares in circulation than there should be. + +Besides **DRS** several brokers are starting to offer the ability to purchase stocks via **IEX** so you can be sure that your orders doesn't go through the Darkpool and will have an effect on the marketprice. Most popular broker to offer this is **Fidelity**. + + +So to summarize; + +**NFT** = Awesome. + +**IEX** = No Darkpool/Real effect on marketprice. (Through Fidelity amongst others) + +**DRS** = Certain MOASS. (Through Computershare) +So how do all we feel about LRC compared to MATIC? + +I have 1 small bag in MATIC and 1 large back of LRC. + +Currently I'm betting hard on LRC due to the zkRollups, their scalability & security on the eth network. + +So what are you betting on? +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! + +When you watch the charts, there are some really big gaps in cryptocurrency prices. Take BTC rising to $1000 for a few days in 2014, then pumping and dumping a bit before staying as low as $400, then rising again almost to $3000 the past weeks, then below $2000... +What are the reasons for such huge volatility? +I get that a few people own a large part of BTC and are able to develop pump strategies, but it seems more and more difficult. There must be other reasons, but I have trouble understanding them. +It's "easy" to explain volatility about traditional markets, when you consider bank rates, government decisions, economic success and failure, etc. + +So, in your expert opinion, what are the biggest reasons to the cryptocurrencies current almost unpredictable volatility? +Thanks for your insight!! +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. +Looking at $EURN right now. + +It reported that I got paid $0.20\~ per share but other online sources peg it at $0.29 for now. + +Anyone ran through this issue before? + +&#x200B; + +EDIT: It's 30% taxed. +Should I DRIP so the divs go back to the originating stock OR let the cash sit for a few days and the buy a share of the highest yielding stock at that time? Not sure it would make a difference but it may. Any advice is appreciated. BTW divvies are anywhere from $5 to $10 per month. Just starting and not much extra cash. +I know that at a young age, you should/can make riskier investments because you can get back up later on in life. Would it be better to just start snowballing with dividends or go a different route with high risk-high reward? +So I've just sustained a paper loss of 5k over the last 3 weeks, the DJ has plunged 30% (29300 to 20180) in a month, S&P about the same, everyone seems to think there's way more to come. + +But I'm feeling really okay? It's not just me, a lot of my mates who've lost similar amounts in the stock market are just brushing it off or memeing about it, if anything it seems everyone is excited for a discount buy. No one seems to be concerned about losing their jobs, and I'm talking about a diverse pool of industries: doctors, tech, investment banking, law, MBB consulting. I suppose the tech guys are moaning about contracting jobs drying up but they were pulling 800 a day so have a good amount saved up. + +It's not just me though, FIREUK, FIRE, FatFIRE, and the normal personalfinance subs seem to have people comfortably riding it out and waiting for a discount. + +Is this just because everyone's learned their lesson in 2008? That we just believe 100% that the stock market will rebound to far greater heights? + +I was only 16 when 2008 happened but I remembered people losing their jobs, banks going bankrupt, a LOT less horsing around. + +I'm actually a FTB looking to buy in London as well and I'm not even sure prices will drop anymore. + +Any thoughts from those who've experienced the 2008 crash? +The newest podcast from the Meaningful Money features a woman in her early 40s in Newcastle, a single mother of twins school-aged and after her divorce was left with £35k of bad debt. Her work is in research and her income has never been above low to middle in Northeast standard, i am guessing the salary is 30k. About 60% of her take home pay was to pay the minimum payment of all the debt. She also has a mortgage. + +Here is the link for anyone who wants to listen to it: +https://meaningfulmoney.tv/2022/06/15/35k-debt-to-financial-freedom-with-lisa-atkinson/ + +This is what she said she did to clear £35k of bad debt in 1 year + +- get a second job + +- sold everything she owned and didn't need + +I find it hard to believe she managed to get £35k after-tax money in just 1 year, especially when 60% of her income was to pay the minimum, unless the "sold everything" part managed to bag her about 20k-30k. And I don't know what the child support amount her ex husband pays her is, but I am guessing it also has to be a large amount in order for her to achieve this. + +The second job probably didn't make much money as it is a job done from 6pm-1am. + +I have never had debt so i don't know what the minimum payment usually is as a percentage of total debt. Can anyone give me the number? Then we can figure out her actual take home pay roughly. + +She could have done this with things that are extraordinary like massive child support payment every month, parents help her with some money etc. + +But I am willing to assume she didn't have any of that. If that was the case, if she was really just an ordinary single mum with ordinary income and she managed to do this, my question is, how? + +All in all, i find her story very inspiring if it was all true. But I just can't wrap my head around the maths, please some personal finance wizards can you analyse this to see if it is plausible, assuming no exyraordinary help? +She has said this repeatedly in her investor calls. I feel like I'm misunderstanding something because how can the price of an asset class rise if *net* capital is flowing out of it? Here is the latest [call](https://ark-invest.com/webinars/january-21-market-update-webinar/?utm_content=151711903&utm_medium=social&utm_source=twitter&hss_channel=tw-2398137084) where she says it at 1:11:00 and she said the same in her December [call](https://youtu.be/WCBUhQ6jJoM?t=817) (I thought she misspoke the first time I heard). +\*\*\*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! +\*\*\*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! +Every decade over the last 100 years there’s been a recession once every 8-10 years, with 2020 breaking historical records. How can businesses even plan for the future if there’s a recession every few years and are on persistent life support from the government? No wonder the focus has always been on short term gains every quarter. +I just learned about ETH 2 days ago and I'm obsessed with it and this sub haha + +I was wondering a little more about the community. Is it mostly coders and software developers etc? Just wondering what you guys do for work and how you discovered ETH? I am in the financial services industry and this is barely on anyone's radar. Cheers! +I just learned about ETH 2 days ago and I'm obsessed with it and this sub haha + +I was wondering a little more about the community. Is it mostly coders and software developers etc? Just wondering what you guys do for work and how you discovered ETH? I am in the financial services industry and this is barely on anyone's radar. Cheers! +Buckle Up! + +This level of volatility never seen before on Chicago Board Options Exchange equity put/call ratio🔥 + +Here’s the sauce: https://twitter.com/FinanceLancelot/status/1608294838352449538?t=sji0gXsfcpijd97syFT-aA&s=19 + +• NIO delivered 5,291 vehicles in November 2020, increasing by 109.3% year-over-year + +• NIO delivered 36,721 vehicles in 2020 in total, increasing by 111.1% year-over-year + +• Cumulative deliveries of ES8, ES6 and EC6 as of November 30, 2020 reached 68,634 + +SHANGHAI, China, Dec. 01, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today provided its November 2020 delivery results. + +NIO delivered 5,291 vehicles in November 2020, a new monthly record representing a solid 109.3% year-over-year growth. The deliveries consisted of 1,387 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, 2,386 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 1,518 EC6s, the Company’s 5-seater premium electric coupe SUV. NIO delivered 36,721 vehicles in 2020 in total, representing an increase of 111.1% year-over-year. As of November 30, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 68,634 vehicles. + +NIO is in the process of accelerating the production capacity expansion in December 2020 to accommodate the increasing order growth. + +[source](https://www.globenewswire.com/news-release/2020/12/01/2137180/0/en/NIO-Inc-Provides-November-2020-Delivery-Update.html) +Is it worth buying a share Every time I save up $500 or should I buy in bulk and save on fees when I have saved $5000. These are arbitrary numbers but what I've decided on. +This is the second "rate my portfolio" thread, as requested by u/eitherorlife. + +Top level comments must be highly detailed (at least 2-3 paragraphs). + +If you feel comfortable, consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +This is the second "rate my portfolio" thread, as requested by u/eitherorlife. + +Top level comments must be highly detailed (at least 2-3 paragraphs). + +If you feel comfortable, consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +The announcement just came in that inflation in the US has reached 8.5%. This is still at a 40 year high for inflation. In March inflation surged another 0.3% causing higher prices on goods all around the US +x-post from r/personalfinance + +I'm 36 and wanting to give up full time work in about 6 years. Probably keep working part-time, but unlikely to earn much income. + +By that time, my wife and I will outright own 2 apartments currently worth a total of about $2M, plus about 200k in liquid assets. + +How can I leverage the equity in the properties to get a steady income stream, other than just renting them out? I'm thinking some sort of fixed dividend shares... but I have no real idea what my options might be. + +The flats are in Hong Kong, but I'm planning to move (probably to Australia) at about that time... + +Any advice would be greatly appreciated! Thanks!! +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! +The entire Moscow exchange is offline. + +They halted all trades within. Even their main portal is completely offline. Probably also targeted by Anonymous in their effort to DDOS all state websites. +[https://www.moex.com/en/](https://www.moex.com/en/) + +We are witnessing the greatest downfall in the history of the Russian economy. + +People in Moscow are running for the bank. They placed a maximum withdrawal of $20 to not lose solvency. The Russian population is starting to see what's happening. + +Putin played stupid games and won stupid prizes. +**EPS**: $3.20 vs $2.94 per share, according to Refinitiv. + +**Revenue**: $7.97 billion, vs. $8.035 billion, according to Refinitiv survey. + +**Global paid net subscriber additions**: A loss of 970,00 subscribers vs. expectations of a loss of 2 million, according to StreetAccount estimates. + +**Q3 forecast**: We forecast paid net adds for Q3 of +1.0m vs. 4.4m in the year ago quarter. + +[Source](https://www.cnbc.com/2022/07/19/netflix-nflx-earnings-q2-2022.html) +A dormant address containing 900 #BTC (33,780,931 USD) has just been activated after 8.8 years (valued at 4,625 USD in 2012)! + + +[source ](https://whale-alert.io/transaction/bitcoin/3629dcc7cdf65cf71c8eab67628ac933516fbffb8e30cab31df7534257f9043c) + +That guy must be the happiest MF alive right now. + +I believe this can happen to all of us. + +Have some faith, we gonna make it. + What up Apes, + +[u/Dan\_Bren](https://www.reddit.com/u/Dan_Bren/) you know the deal. + +[GME Biggest Trades 4-14-2021](https://preview.redd.it/ijmqmhz0s8t61.png?width=1224&format=png&auto=webp&s=78c68ecdecde5e0152121b291eb3ff9fd80f111d) + +Large block purchases out of PHLX at 3:18pm (yeah I can do the conversion). 1160 $1.5 calls for 158.70($15,870 each) = $18,409,200. 500 $12 calls for 148.20 ($14820) = $7,410,000. 500 $25 calls for 135.20 ($13520) = 6,760,000 totaling $32,579,000 all of these calls expiring in two days 4/16/21. + +Could this be the start of the (potential) last wave of DEEP ITM calls as we had previously discussed [here](https://www.reddit.com/r/GME/comments/mmjy19/some_deep_itm_calls_were_bought_today_the_final/). Another interesting thing to note is that these were very frequently traded in pairs previously and so it had been theorized that these were being bought and sold. The ones bought today were not in pairs and so we can narrow it down to three potential options(HA). If they were bought and sold in the same second the size of the trades could be halved and it could essential be its own "pair." This also only captures the data for large trades and so if they were sold in smaller bunches I wouldn't be able to see it. Lastly they could still be holding them. + +We shall see if there is more of this tomorrow. As always I will keep you posted. + +A far-fetched theory (right?) : I always kind of assumed these calls were being bought but the data set I have doesn't really indicate buy or sell. This is why I have to make some assumptions when it comes to thinking they are often traded in pairs. What if the whole time they were selling them and collecting the premiums. this would go against some of the FTD resetting theories so this is of course just an idea I had but it just caught me off guard as I had never considered it. + +Péter Szilágyi (karalabe.eth) +@peter_szilagyi +Mar 18 + +Complexity is an often overlooked aspect of a system because usually someone else is paying the price for it, not the person creating it. + +But don't be mistaken, someone *is* paying the price - whether money, time or mental capacity. They might not be willing/able to do forever. + +As with scalability, complexity also keeps trickling unseen up to the breaking point. At that time, it's already past the point of no return. + +Complexity also has the nasty effect of causing cascading failures. Overload people too much, lose capacity, leading to even larger load. + +In #Ethereum's history, complexity never decreased. Every EIP is piling on top. Every major change (1559, merge, sharding, verkle, stateless, L2, etc) is one more nail. + +I'm extremely frustrated when a research proposal says "everything's figured out, it's just engineering now". + +As good as it feels that we're approaching The Merge, I must emphasize that #Ethereum is not going in a clean direction. Tangentially it's achieving results, but it's also piling complexity like there's no tomorrow. + +If the protocol doesn't get slimmer, it's not going to make it. + +I feel the root cause is the disconnect between the research and the dev teams. The former has to "only" dream up elegant - standalone - ideas. + +The latter needs to juggle every single idea that was ever introduced, whilst surgically expanding the dimensionality of the space. + +There have been engineering attempts to reduce the complexity (module split in Erigon, responsibility split in The Merge). Yet there was never an attempt to reduce the protocol complexity. + +We are already past the point of anyone having a full picture of the system. This is bad. + +I can't say what the solution is, but my 2c is to stop adding features and start culling, even at the expense of breaking things. + +There are less and less people knowing and willing to piece together a broken network. And each change pushes more away. /FIN + + +LINK to the thread itself: https://nitter.net/peter_szilagyi/status/1504887154761244673#m +Looking at various indexes, it looks like their has been a ~20% gain in the US stock market in the last 12 months. To be clear I'm not advocating to sell or time the market. I'm just wondering if anyone else is looking at that growth and is thinking to themselves, maybe 6-7% of this sustainable and a more accurate number to base future projections on. Thoughts? +After 10 years I'm finally closing out my Bank of America account-- shit customer service and fees. + +They were my first bank (I was 15) so I don't have much experience with other banks or credit unions. +I'm 25 and have a secured credit card as well as a debit card with Bank of America. + +I really don't know much about finance and banking. I've had some friends recommend some local banks that I'm planning on setting up meetings with. Are there any key questions I should be asking? The only thing I'm really worried about is that when I switch banks, I won't be able to get another secured credit card, which seems to be the only way I can build credit at the moment. I'm too nervous to apply for a real credit card because I don't know what my credit score is (I've never had loans or car payments, I've always saved paid in cash for everything) and I don't want to apply, only to have my application denied and end up negatively affecting my score. I'm also nervous I would get denied because I'm currently in college right now so I'm only working 25 hours a week, but with my wages I make about as much as most people who work minimum wage full time. + + +EDIT: I found out I have a credit score of 690. I also found out I have a bunch of medical bills (almost $1500 worth) that went to collection without my knowledge dating back to 2011 because the bills went to my dads house and he was supposedly paying them. I was in the dark and I don't know what to do. I'm paying them all off today but will this effect my chances of getting another credit card? I'm straight up crying and don't know what to do. + +EDIT PT.2: waiting until Monday to handle the debt. Going to try to pay through the medical provider before contacting the collectors. + +EDIT 6/4/17: I appreciate most of this advice! I feel like I need to make it clear that I DONT want a credit union. The concept is nice but it's not conducive to my life style. I want to be able to contact the people in charge of my money and bank accounts whenever I need to and credit unions (and most small banks) close at 6pm. + +UPDATE: Called the medical providers about the bills that went to collections and they said I had to pay through the agency. Should I dispute the bills that went to collections? Or should I just pay them? If I pay them will they take them off my credit history? I don't know what to do. +**Reddit is not your friend.** + +=> Remember these downtimes? + +You see, there is actually more to this story when you look at the people that have a stake in it. + +From background characters anyone has barely heard about, such as Naomi M. Bergman, who is the Senior Executive for Advanced Publications, while **Advanced Publications is the majority shareholder of Reddit**, which is the same Reddit majority shareholder exec, **who is on the board of directors for comcast, who owns CNBC.** + +To CNN, we will find out that Richard W. Fisher is a senior advisor at Barclay (dark pool trader of GME) and **board of directors of AT&T (owns CNN) and also a senior contributing editor of CNBC**. + +The same pattern can be seen with Scott T. Ford AT&T (owns CNN) **board of director and who previously worked at Merrill Lynch (another black pool)**. As you can imagine there are many more, but I will cut it short here. + +\*Special thanks to uStonkyFarts & uPuravTheGreat + +&#x200B; + +Going hand in hand, what is even more telling, is that **Dow Jones provides news content to CNBC**, which sold a 90% stake to the Chicago-based CME group (Chicago Mercantile Exchange), potentially explaining the negative bias we are facing from main stream media to experts since years. + +https://preview.redd.it/q8n5uyj6268a1.png?width=1595&format=png&auto=webp&s=eb6e9d8d58eb70c8e1def32a845ed8321ce6f704 + +All while sparring our friend Kenny from any negative press, until we find out that Citadel Advisors Llc actually owns + +https://preview.redd.it/baev7pi8268a1.png?width=1852&format=png&auto=webp&s=092879099642c39d7b1b65d0118886f9be67eb0b + +**1,057,139 shares in CME group according to their latest filings:** [https://fintel.io/so/us/cme/citadel-advisors-llc](https://fintel.io/so/us/cme/citadel-advisors-llc) + +to which also Marketwatch belongs to, as it is a subsidiary of Dow Jones. **Just the usual conflict of Interests - are you even suprised at this point?** + +https://preview.redd.it/p1cqn8ka268a1.png?width=1643&format=png&auto=webp&s=1c2436425d6bd63f6280ad574ebafc927b785d39 + +It doesn't help either that Kenny has the backing of Rupert Murdoch, **who owns the company** [**News Corp**](https://en.wikipedia.org/wiki/News_Corp) **and** hundreds of [local, national, and international publishing outlets](https://en.wikipedia.org/wiki/List_of_assets_owned_by_News_Corp) around the world, including in the UK ([*The Sun*](https://en.wikipedia.org/wiki/The_Sun_(United_Kingdom)) and [*The Times*](https://en.wikipedia.org/wiki/The_Times)*)*, in Australia ([*The Daily Telegraph*](https://en.wikipedia.org/wiki/The_Daily_Telegraph_(Sydney))*,* [*Herald Sun*](https://en.wikipedia.org/wiki/Herald_Sun), and [*The Australian*](https://en.wikipedia.org/wiki/The_Australian)*)*, in the US ([*The Wall Street Journal*](https://en.wikipedia.org/wiki/The_Wall_Street_Journal) and the [*New York Post*](https://en.wikipedia.org/wiki/New_York_Post)), book publisher [HarperCollins](https://en.wikipedia.org/wiki/HarperCollins), and the television broadcasting channels [Sky News Australia](https://en.wikipedia.org/wiki/Sky_News_Australia) and [Fox News](https://en.wikipedia.org/wiki/Fox_News) (through the [Fox Corporation](https://en.wikipedia.org/wiki/Fox_Corporation)), through his **Ex-Wife Anne Dias Griffin, who works at the board of directors at Fox Corporation.** + +https://preview.redd.it/qkus2oae268a1.png?width=997&format=png&auto=webp&s=2186ffed3e13b82180e2198f94b3159a606c67ac + +Source: [https://www.linkedin.com/in/anne-dias-0b345189?original\_referer=](https://www.linkedin.com/in/anne-dias-0b345189?original_referer=) + +&#x200B; + +While Kenneth Griffin purchased an estate from Rupert Murdoch just one year prior before his wife started at Murdoch's company, at least suggesting that they were close. + +https://preview.redd.it/8aqlbebh268a1.png?width=1839&format=png&auto=webp&s=a80fd8328e6aca938babf21af4b54570e5e89506 + +Source: [https://www.palmbeachdailynews.com/news/20190530/palm-beach-real-estate-billionaire-ken-griffin-okd-to-raze-house-at-huge-estate](https://www.palmbeachdailynews.com/news/20190530/palm-beach-real-estate-billionaire-ken-griffin-okd-to-raze-house-at-huge-estate) (had trouble to open the link - used google´s translation feature to display it and suddenly it worked) + +"**Griffin used an ownership company to acquire the house from dePeyster. She was the second wife of Rupert Murdoch**, CEO and founder of **News Corp**. and creator of FOX Broadcasting." + +&#x200B; + +Thus closing the cycle of **Advanced Publications,** Reddit, CNBC, The Wall Street Journal, Marketwatch, CNN, Citadel & Kenneth Griffin. + +\*Information derived from an old Post by me: + +"**Guess who is also with Citadel - MarketWatch (Do I even need words at this point?)"** + +\*Can't link it currently, Reddit flags it, just check my profile + +&#x200B; + +So anyways, Reddit also intends to go public and get their own IPO btw, better think about what your money may be used for. + +&#x200B; + +An addition from uATG77 in the comments - Please show him your as I cannot link him. + +https://preview.redd.it/or0l0spnm98a1.jpg?width=881&format=pjpg&auto=webp&s=03164cd02ff4170c8fdafb39df912e88ded6cfcb +[Check out this DD](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/gnnmckh/)!!! It keeps getting auto-m0dd3d. S3 and the big HFs playing dirty with our GameStonk. + +Links for most of the info are [HERE](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/gnoi66d/). Can't get them to stick anywhere else. + +Edit: I am not a financial or legal advisor, and I can't even read. Don't listen to me. +I’m 17 years old and I don’t own a car. My gf and all my friends always have to drive me around and I feel bad. My gf is kind of sick of it, because obviously it’s annoying to have to pick up your bf all the time and I can’t really take her out on a real date she basically does 💀. I’m still in high school too so my friend has to pick me up everyday and then drive me home. I have a job but i’ve been saving about 70-90% of my paycheck and putting it into stocks. I have about $1300 right now but with the current used market you can’t really find anything half decent for less than $2500-3000. Would it be smart to sell my stocks for a car? Or should I just suck it up and keep mooching rides off people? +Background: I've worked in Purchasing/Supply Chain my whole career and I've gotten very good at negotiating. I started my own business three years ago buying cars for people on the side. It was great because dealerships are open late and on the weekends so I could keep my regular job. + +EDIT FOR CLARIFICATION: My business works thusly: My clients tell me what they would like to buy (make, model, year, mileage range, or a description of capabilities), I find cars for them, and get them the best offer. They also tell me HOW they would like to buy the car (buy/rent/lease/tradein/whatever). I do not claim expertise on any of these things. This post will focus on NEGOTIATION TIPS. Do not think that this is a guide to get you through the car buying process from soup to nuts. Not even close to that. I don't claim to know the arguments of lease/buy. You'll have to see other posts for that. Sorry for ANY confusion on that topic. + +This post does NOT address used vs new or lease vs buy because I am NOT experienced enough on those things to talk about them! My strength lies strictly in finding cars and negotiating the best offer for my client. These are NEGOTIATION tips. + +Here's my advice: + +1: Get multiple quotes on comparable vehicles/the same vehicle (if new) from multiple dealerships. Always try to get as close to apples to apples as you can. This does two things: Gives you leverage and also gives you a better sense of where the market is at. + +2: THIS is probably most important. DO NOT GO IN to the dealership until you have a price and a warranty under which you are willing to buy the car if it's in good condition. They use all sorts of manipulation tactics that ONLY work in person. I won't even go into them because they only work in person. So just DON'T go in until you are ready to buy the car at the price and warranty you've been given. They'll ALWAYS try to bring you in for a test drive and pressure you. A seasoned buyer won't be affected, but the best way for you (or anyone) to avoid this nonsense is to simply not give them the opportunity. + +Make it very clear that you will only walk in the door after negotiations have ended. You can even lure them by assuring them that if the price is right, you'll go in, test drive the car, and leave with it that day if it's to your satisfaction. + +3: Don't pretend to find things wrong with the car to negotiate. *If there's something wrong, tell them to fix it and you'll come back.* If there's not anything wrong, *don't make it up.* Particularly if you're buying under warranty. Because then you'll just look like a fucking sucker. Think of it this way: If you're getting a warranty it is in their best interest to ensure your car is in tip top shape. Because any problems with it when it leaves the lot are really THEIR problem; not yours. Depending on the comprehensiveness of the warranty, obviously. + +Basically, making up shit about the car is a very predictable strategy that people try. It's only effective at making you look like a damn fool. You shouldn't have to "trick" them into your price. There's nothing wrong with saying "This is what I'm willing to spend." Nothing shameful about that. So don't waste their time and your time with bullshit. + +4: Quote ladder. This is an age old tactic in Procurement that is sort of like the crossbow of buying. In that even a peasant can be trained to use it pretty effectively with very little effort. Remember those quotes you got before? You're going to show the person with the highest quote, your lowest quote and tell them to beat it. If they do, you're going to take THAT quote to your NEW highest quoter and tell them to beat that. And just keep doing that until you don't get anything else. Try to get the mileage and year to be as close to identical as you can so they can't weasel around and make it very clear that if they do not beat the quote, you won't be considering them any further. It lacks nuance, but for someone who's buying their first car, it can save them a lot of money. + +5: Don't trust the finance office. If their interest rate seems high, challenge them. Do not buy ANY of the extra shit they offer you. I'm serious. Anything. The sale is not over until it is OVER. If they keep trying to sell you horseshit, threaten to leave. The finance manager is in a predicament because if he blows a sale, he's going to have a very angry salesman hollering at him. They typically back down pretty quick in my experience. + +6: If you're making a downpayment try to make it on your credit card. Gets you points and cash back in many cases. Certainly did in mine. If you've got to write a check it may as well be to your credit card company. Obviously only make the down payment if you're not going to have to pay interest on it. + +7: Negotiate trade-ins at the end. Don't let them know you have one til after you arrive at a price. And better yet, look into selling your car on your own. You'll usually be able to get a better price. But there's something to be said for the convenience of "I'll give you my car if you knock off three grand." Just know the value of your car and subtract an estimation of the value you place on the time you'd have to invest to sell it. If you can get another five hundred bucks but it'll take you eighty hours of effort over the course of months to sell it, maybe you just take the dealer's offer? + +To end, I hope these tips are helpful. They've helped me in my work. I don't claim to be an expert and I had to learn each of these the hard way at some point or another. +Where are your properties located? How many? + +Is the high turnover cause of high stress in terms of not knowing that your place will be rented? + +What did you not see coming when you started using Airbnb? + +Thanks +I have a bathroom reno to do, as well as minor fixes in the rest of this 5 1/2. It's small like 7 by 4 ft wide bathroom how much work could it be. I got quotes at 4 to 6k +tax, decided why not do it my self... Save some money + +Friday demolition 40 bags a of garbage tile and wood + +Everyday driving back and forth to stores + +Saturday, drywall and first plaster + +Sunday 2nd plaster and starting vanity and toilet install and bathwall + +Tonight hopefully primer +Tomorrow paint +Wednesday start the rest + +... + +Hopefully start visits Saturday + + +So what I've learned: you need a fuck ton of tools and every material needs specific tools. + +I'm starting to fall for my own rental where all this work is making me not want to rent it out and have someone mess it all up. + +In at 2.2k in just materials, mainly this instant shower wall I baught for 900$ vs doing my own tile. I kept the bath and toilet everything else is new. + +Back in the day I heard people asking friends to help for a case a beer, there's no case of beer in the world I would take to do this kind of work again. +The megamerger between Budweiser maker AB InBev and SABMiller, the maker of Stella Artois and Fosters among many others, is finally official. + +AB InBev and SAB confirmed in regulatory filings on Wednesday that AB InBev is coughing up £71 billion ($108 billion), or £44 a share ($67), after AB InBev played a long game of hardball. The original bid was £38 a share. + +The deal brings production of Budweiser, Stella Artois, Leffe, Fosters, Pilsner Urquell, and many more under one roof. It also puts a huge chunk of the world's beer market in the hands of one company. +Y'all are all LAMBOS MOON X10 HEUHEUHEU for months like its never gonna end, and now you want to act as if the whole ship is going down for good? Are you seriously that naive? Market consolidations are normal you fucking idiots. NOTHING does 2000% + and then just magically finds a fucking base there. + +Everyone crying about the manipulation is just a fuckin hypocrite. You loved making the money that the unregulated market allowed you to make, but you were too dumb and greedy to know when to exit. Cry more fuckin bag holders. The market will come back. Who cares how long that takes because it guaranteed will. The entire crypto cap is still grossly undervalued, but you need MODEST growth in order to be sustainable. + +chill. the. fuck. out. + +edit: for the people nay-saying that this is definitely a crash - a market needs to be considered stable at its net present value before it can be considered to have crashed. this market has been overbought/overstretched way past the point of being stable in the long term. When your alt coins hit an ATH and then drop 40% but still end up 10x gains on what they were before the run up, you don't call that a crash, you call it a "healthy correction." This logic applies to the market as a whole and on much broader frames of reference. if you think that corrections only apply to day trading windows, you are part of the problem. +Do you have any debatable opinions about this community in general, certain coins or projects you think are over-valued or under-valued, or just want to get something off of your chest??? Post it here! + +The more controversial your opinion, the better! + +&#x200B; + +Thank you all for the comments, and especially for the awards! What nice people you crypto-addicts are! +I was thinking about this the other day when picking what stocks to wheel. If I don’t beat the S&P, is it really worth the time? I’m curious if anyone has actually beat the market with theta strategies, or if there’s any raw data I can look at. I tried looking through google but it’s hard to see an actual case study of investors that sell options against their positions and their yearly returns. I enjoy the monthly income regardless, so if options sellers are on par with the S&P, I’d take selling options over just investing +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. +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. +As many things in life, everything is temporary. Eventually the WLB guys will want to get out and collect a nice payout. In some ways I wonder if they’re pumping the stock further to eventually sell out at some price target. + +Seeing students throw their entire education funds in, every day joes throwing their savings at GME even at this point is astonishing. + +Eventually the movement won’t matter, what will matter is how much you made and when you got out, it’s only a matter of time. + +I’m bearish on GME, once the guys who initiated this (and their wealthy acquaintances) will say “enough is enough” they will sell out and I doubt they will be socializing the sell out as much as they are socializing the buy in “for the movement”. + +When this happens the media will take this as a stab to blow their rep. + +Comment on your bearish moves if any... +So I went to the r/Superstonk subreddit this morning, and I don't think I ever saw a post with this many upvotes. Post linked below. So I was wondering what the r/wallstreetbets subreddit had to say about the whole thing, because you know, it currently has 56 times more members than superstonk. +So what did they say about the Better Markets legal actions? + + +Nothing. + + +Tumbleweed. 🌾 + + +What's wrong with them? Do the mods delete it all? Have the shills won overthere? I don't know. +The last time I tried I wasn't even allowed to comment on wallstreetbets, let alone posting. Is there anyone with enough karma who wants to post about it there? I feel every bit of exposure can help the case to eventually bring justice. + + +Not financial/legal advice. Obligatory judge hammer 🔨 + + +In case you missed the news here is the post: +[https://www.reddit.com/r/Superstonk/comments/mpq0e7/posting\_for\_visibility\_please\_retweet/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mpq0e7/posting_for_visibility_please_retweet/?utm_source=share&utm_medium=web2x&context=3) + + +And the tweet by Better Markets: +[https://i.redd.it/entfqyp8tts61.jpg](https://i.redd.it/entfqyp8tts61.jpg) +I’m starting my career and I put 6% (company matches up to 6) of my paycheck into a 401K. Would I be better off putting that into something else? Just really confused about all this and want to set myself up for the future. + +Edit: Thank you all, this seems to be widely agreed upon so that’s great to hear. Older coworker nearing retirement was talking to me about things like IRA and 401K and social security and I was just so confused about it all. + +Edit two: thank you all SO much for helping me understand all this. I am putting 6% into roth 401k, company is matching that. After reading all your comments and researching more myself, I’ve also decided to put money into Roth IRA, especially while I’m at a lower tax bracket. You all have been so helpful, thank you +Just a friendly reminder. This is a great time to understand companies and determine what your buy list is. Watch the market, but don’t overreact in either direction. Patience and savvy pays off in the end. Take this time to get smarter and learn. Assemble your buy lists. I still think it gets worse before it gets better. This is a fantastic opportunity, although a very tragic event. Save as much capital as you can and place limit orders if you believe in your picks. Hope you all are safe and healthy. Good luck out there. +Hi all, + +Long time lurker, first time poster from throwaway account. Was hoping to seek some advice from members of this group… + +Bit about me: + +32M, approx. $25m net worth, current split 25% Equities/50% Cash/15% Property/10% Art (mods let me know if you need proof). Of this $25m, approx. $7.5m is on paper in the form of deferred bonus. + +I’m facing a crossroads presently and wonder about moving into Fat FIRE. + +Currently a trader at a Hedge Fund, based in a low tax country having left UK at the end of 2021. + +Cutting to the point, I am struggling with my mental health in the role but there are several parameters restricting me leaving tomorrow: + +\- I would be subject to UK tax should I return home before the financial year (April 6th) is out. Compromising a significant portion of my net worth. + +\- In joining my new firm abroad, there were several contingencies requiring me to serve X many years so not to repay a lot of the contractual incentives + +\- Naively over the last couple of years I have cultivated a lot of dependents. This means a baseload outgoing of at least 120k GBP p.a. + +\- The trading seat itself is as close to as good as it gets for my career and things had gone well to the mid-point of this year. That was before my mental state started deteriorating significantly. Since then, I have consistently lost money, thus eating into my paper net worth. + +\- My partner and I recently fell in love with our dream property in the UK that would lower available spare capital for passive investments in retirement. We have submitted an offer that I expect will go through. + +\- Bonus period is in Q1 23, whereby 1/3 of the deferred is paid out. + +My best idea presently is trying to hang on in the role until Q1 ’23 without taking too much risk and realising some of the deferred bonus on paper. + +From there, dependent on state of mind (diagnosed as clinically depressed, on antidepressants), reveal to my employer what’s going on and hope they waive contractual terms on basis of incapacity. Return to the UK after April 6th. + +Back of the envelope calcs using S.W.R shows income around 400k GBP per year after capital gains tax without counting the property’s asset value. Netting off the costs for dependents and assuming I raise a family at some point in the future, it starts to feel that maybe what’s left over will be insufficient to live a life we had been accustomed to. Therefore, I am somewhat torn on the idea and wondering whether this is sub-optimal for now given that if my health improves there is an opportunity there to kick on further in the current role. Also, should I leave the industry in this manner, there won’t be a chance to get hired again. Conversely, things feel so difficult right now- I’d love to just chuck it all in tomorrow. + +To caveat the above; I am aware of how fortunate I am to be at this point of my life. There is a huge amount to be grateful for. Unfortunately, the mind is trumping my day-to-day objectivity presently and thus, I would really appreciate some help/feedback. + +Thank you +Had our offer (included a s66W) accepted yesterday 5:30pm. Got the wheels in motion for everything -- called the mortgage broker, had the deposit ready to go, finances approved, paid an additional urgent processing fee to the conveyancer to complete all paper work asap. + +At 1pm today, contacted the agent to update that we were ready to sign at 3pm and send 66W. Agent said ok. At 1:30, agent contacts me saying the vendors already accepted a higher offer AND the contracts have been exchanged with the other buyer. Gazumped in 20hrs. Agent didn't tell us anything about other purchaser, failed to inform us or provide us any opportunity to submit another offer. See [this](https://www.fairtrading.nsw.gov.au/housing-and-property/buying-and-selling-property/buying-a-property/gazumping) explanation of gazumping if you don't know it. + +Could we have done anything different? Disappointed in the process, disappointed in the agent, wasted time and money on conveyancer, etc. This conduct should be unlawful imho. + +**Edit**: + +1. this was in **NSW**. +2. Property was meant to go to auction. Agent advised us the vendor is accepting offers prior to auction, and received 9 offers total (ours was highest, until the gazumpting...). +3. The purchaser who had 'gazumpted' us had already submitted an offer that was lower than ours (hence why our offer was accepted). +I'm not trying to speculate as to what rates will do. Just curious who has thought about and/or budgeted for this? I've fixed my interest rate until the end of next year but am in the process of setting a future budget to account for at least 5% (even if it doesn't happen). +Over the last 3 or 4 years since taking control of my finances I’ve climbed my way out of £4700 worth of debt, curbed by impulsive spending and I’m coming to the end of a deeply regrettable car finance loan, I have a few months left and the car will be mine. I’ve done this all whilst renting my own place so it’s felt a lot harder than had I be able to live at home. + +I only have myself to blame for these actions though. Towards the end of 2021 I was making real progress and had £0 on my CC and £1700 saved up. This was going to be the foundations to springboard me up, to start saving for my own property (FWIW I’m about to turn 27 - and do feel a massive failure about the fact I have <£1000 saved to my name). + +I had a lot of ‘life’ happen at the back of last year, with personal stuff, I had to move rental and other stuff. This has plummeted me down to about £300 and £600 on my credit card (The reason I used my credit card was to ensure I had some Liquid cash available). + +So basically I’m feeling a bit fed up and down about this, with the added burden of a cost of living crisis it’s eaten up at what I can save and pay off, albeit a small amount of debt. I’m fed up with paying for my car finance - it’s just all wearing my down. Then on top of this having to cancel plans with friends as it isn’t financially viable isn’t great. This is compounded by the fact everyone around me seems to be getting a house and I haven’t got £1 saved yet. + +I have a good job and I am on track for a promotion and payrise this year, my salary is good and I live in the south east and have a partner, I KNOW in 2-3 years I’ll be okay but I’m just feeling down about a run of bad luck, how do I focus past this? + +TLDR; After making great progress I have had a series of life events happen to plummet me back to level 1. How do I get over this mentally? +For my own benefit I was bettering my understanding of ATO Superannuation contribution benefits and figured I would expand it to a guide. + +* Table 1 shows the list of Superannuation contribution benefits prioritised based on a ROI against the current tax rulings. For lack of a better word I used ROI, but happy to be given a more appropriate term. +* Table 2 shows a suggested priority to get the best ROI when contributing to Superannuation. There are a few scenarios to account for members with spouses. + +Some important things to note: + +* I have no financial background. This is my interpretation of the ATO website. Consider your own finances before contributing noting most will not be able to access funds until retirement age. +* Government co-contribution ([link](https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-co-contribution/?anchor=Eligibilityforthesupercocontribution#Eligibilityforthesupercocontribution)) has an income test for eligibility and amount received +* Spouse contribution ([link](https://www.ato.gov.au/Individuals/Tax-return/2019/Supplementary-tax-return/Tax-offset-questions-T3-T11/T3-Superannuation-contributions-on-behalf-of-your-spouse-2019/)) +* Members could potentially salary sacrifice more than $25k using the new carry forward rules from previous FYs. +* If you are earning right on a tax bracket such as $90k you need to account for the ROI value for any component under $90k e.g. Earning $95k, the first $5k salary sacrificed has a ROI of 22%, anything more is 17.5% ROI +* There are proposed tax bracket changes that come into effect in 2022 and 2024 that will effect these figures. For example the Spouse Contribution will become a higher priority for any member earning less than $180k ([link](https://www.pwc.com.au/publications/federal-budget-2019/personal-tax.html)) in FY 24/25 + +[Contributions prioritised by ROI](https://preview.redd.it/l104ayl0ojo31.png?width=619&format=png&auto=webp&s=0354c31e51ff8e3b2284f16e4ba3d13f0d390da5) + +[Suggested Priority](https://preview.redd.it/f00cy244ojo31.png?width=422&format=png&auto=webp&s=4152d6c95b26f0d8b0a26c0912eadc81c0fdf9db) + +[Contributions priotised by ROI](https://i.redd.it/xs9t7hq6pho31.png) + +[Suggested Priority](https://i.redd.it/6ksfvfoeqho31.png) + +Edit: Fixed Spouse Contribution link +https://www.reuters.com/article/us-health-coronavirus-japan/boj-reassurance-on-coronavirus-bolsters-speculation-of-global-policy-action-idUSKBN20P018 + +Expect coordinated easing policies from central banks over the next few weeks. +Stop complaining about the newcomers. Just stop. Idgaf if you remember skarelli jerkin off mods or seeing the GUh guy’s original post about unlimited margin. You were a normie acting all giddy and curious just everyone else is right now. + +It’s also crazy how people are complaining there’s no other good dd anymore because of the gme hype. Like really dude? Wtf was FAANG all about then? Sector rotation? This sub didn’t talk about anything else except maybe mattresses. + +Here’s another interesting fact. Wsb’s performance astronomically improved when the sub grew bigger. That means dd probably was actually scrutinized by actual people that were learning and not shilled by bots because we actually have a big enough audience to scrutinize properly. Like seriously why are you complaining when we’re winning. + +Yeah I get some of you psychopaths can’t wait to see loss porn and sweet justice on these cocky cringe normies when the storm hits but let’s not forget even deepfuckingvalue started somewhere and asked questions to fuckheads like you. So yes, deal with it. We could actually get some autistic level dd due to the scrutiny. + +Btw, mods you’re doing great. + +EDIT: I turned my $600 stimulus into 19k only on GME. I blew up my account 3 times for the past 3 years. I’m still holding gme calls. Weekly. No shares. So gtfo with that bot shilling. + +Also read the fucking side bar for you newbies. Just because I like calling out hypocrites doesn’t mean I like lazy people. +So my dumbass just realized this. Not going to lie, I have no ideas who Gary Gensler is and what exactly does the head of SEC do. But during the lockdown, I was preparing for MBA program and so I tumbled into MIT open courses (those are golds by the way, can’t believe they are available for free) and one of the course was taught by the man himself Gary Gensler. My dumbass haven’t looked at this guy history or knowing where he came from. I remember thinking I wish all my professors were this good at lecturers when I was learning from Gary G. Oh man. Long story short and to end this shitpost, Gary Gensler is a great professor and you can find his videos for MIT open courses on youtube. I won’t link them because I don’t want to get perma banned or anything. + + +[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!* +So... + +TL;DR at the top for the apes who can’t count to 10: + +**Finnhub.io API reported a daily volume of 3.2 BILLION for Gamestop today. Most other sources show a mere 6.2 Million. What the hell is happening?** + +Edit #9 (see other edits at bottom, bumped this to top because it is important) - /u/barsa00 pointed out that the Finnhub data has been updated to show today’s volume as 6,196,100. I am seeing the same outcome in my code. Looks like the data has been ‘fixed’. This is as of 8:57 PM 04-06-2021. I plan to check for this abnormality in after hours tomorrow. + +We’ve all likely heard of the [x billion volume ‘bug’ on Think or Swim.](https://www.reddit.com/r/GME/comments/mdcy3x/185_billion_buy_volume_18375_still_showing_in/) + +Glitch this, easy to explain that. Yada yada yada. + +Anyways today, out of curiosity, I was playing with the [Finnhub Stock API.](https://finnhub.io) This API allows you to use python to analyze and survey financial data from stuff as simple as current stock price to stuff like mutual fund holdings and stock split history. + +My main goal in my wanderings was to compare today’s LOW volume which was ~5 million at 3:00 PM EST, to historical volume data for the past three months. + +All was going well - my findings were lining up to my original inklings that today was set to be the lowest volume day in the past three months. + +I set things aside for a bit, only to come back (after market close) and find that the data had changed. Like, SUBSTANTIALLY CHANGED. + +Today ended as not the lowest volume day in the past three months, but instead the HIGHEST VOLUME DAY IN THE PAST THREE MONTHS. + +Here are my findings: + +**Volume (in ascending rank) over last 90 calendar days (there were 61 trading days):** + +Rank | Volume | Date (MM-DD-YYYY) +:--|:--|:-- +1|6,129,276|01-07-2021 +2|6,481,960|01-08-2021 +3|7,060,665|01-12-2021 +4|7,565,215|02-23-2021 +5|8,175,030|02-16-2021 +6|8,393,834|03-31-2021 +7|9,260,795|02-17-2021 +8|9,334,345|04-01-2021 +9|10,042,175|03-29-2021 +10|10,061,505|03-22-2021 +11|11,799,914|03-18-2021 +12|13,056,725|02-11-2021 +13|14,034,300|04-05-2021 +14|14,429,145|03-23-2021 +15|14,573,264|02-12-2021 +16|14,828,238|02-19-2021 +17|14,927,612|01-11-2021 +18|16,481,589|03-17-2021 +19|17,094,924|03-30-2021 +20|19,273,882|03-03-2021 +21|19,476,021|02-22-2021 +22|23,990,555|02-18-2021 +23|24,177,877|03-24-2021 +24|24,226,187|03-15-2021 +25|24,677,297|03-19-2021 +26|25,687,282|02-08-2021 +27|25,845,899|03-12-2021 +28|26,843,082|02-09-2021 +29|28,312,493|03-11-2021 +30|30,733,673|03-05-2021 +31|32,606,893|03-04-2021 +32|33,471,789|01-20-2021 +33|33,783,044|03-02-2021 +34|35,422,867|03-16-2021 +35|36,455,036|02-10-2021 +36|37,382,152|02-01-2021 +37|37,430,672|03-26-2021 +38|39,099,331|03-09-2021 +39|42,698,511|02-03-2021 +40|46,866,358|01-15-2021 +41|49,793,965|03-01-2021 +42|50,566,055|01-29-2021 +43|50,962,337|03-25-2021 +44|57,079,754|01-21-2021 +45|58,815,805|01-28-2021 +46|62,427,275|02-04-2021 +47|63,565,620|03-08-2021 +48|71,570,566|03-10-2021 +49|74,721,924|01-19-2021 +50|78,183,071|02-02-2021 +51|81,345,013|02-05-2021 +52|83,111,740|02-24-2021 +53|92,194,154|02-26-2021 +54|93,396,666|01-27-2021 +55|93,717,410|01-14-2021 +56|144,501,736|01-13-2021 +57|150,308,766|02-25-2021 +58|177,874,000|01-25-2021 +59|178,587,974|01-26-2021 +60|197,157,946|01-22-2021 +61|3,223,112,896|04-06-2021 + +Now... we all know this isn’t true. I cross-referenced other sources which all show ~6.2M as of market close today, 04-06-2021. + +So you’re probably wondering: where does Finnhub obtain their data? + +> Market data & corporate actions are sourced directly from the exchanges (ASX e.g), ActivFinancial, EDI and QuoteMedia. +Fundamental data is sourced directly from companies' filings which we make available in SEC Filings endpoint and International Filings endpoint +ETFs data is sourced from Issuers' filings and public websites. + +Apes - this is absolutely madness. + +To ensure I wasn’t going insane, I checked several other stocks (AMC, TSLA, AAPL). Of the others I checked, only AMC was showing this ridiculously inflated volume reported for today. + +I encourage you all to participate in solving this volume mystery however you might see best fit. + +For the wrinkle brained, code happy apes - play with [Finnhub](https://finnhub.io) data to see what you can find yourself. + +For the smooth brained, mom’s basement apes - ask me questions. Any other data you would like to see? + +Obligatory 🚀 + +Edit #11 - /u/HolyPhoenician did some amazing work and actually [charted the data from my post.](https://reddit.com/r/Superstonk/comments/mlnvor/_/gtn2xmc/?context=1) + +Edit #10 - /u/bosorioo found this same data anomaly. [Here is their comment with the raw data and a pastebin linked to the parsed data for anyone looking for that.](https://reddit.com/r/Superstonk/comments/mlnvor/_/gtmxz2h/?context=1) + +Edit #9 - /u/barsa00 pointed out that the data has been updated to show today’s volume as 6,196,100. I am seeing the same outcome in my code. Looks like the data has been ‘fixed’. + +Edit #8 - somebody asked for the [data for AMC.](https://reddit.com/r/Superstonk/comments/mlnvor/_/gtmqcpo/?context=1) + +Edit #7 - there were actually 61 trading days in the past 90 calendar days. My original table was missing a data point. Fixed now. + +Edit #6 - in response to edit #5, the data for today shows up on some API requests but not others. Don’t want to start any conspiracies here as my sole purpose of posting was for us to analyze objective data points however the data is behaving strangely. Could be my bad code, could be craziness on the back end. This is as of 7:44 PM EST 04-06-2021. + +Edit #5 - was continuing to work with the data at all - like the day just doesn’t even exist anymore - and it is no longer showing today’s data as of 7:35 PM EST 04-06-2021. + +Edit #4 - improved formatting again by removing ‘(Ascending)’ note after Rank header. This makes it all look better and I note that the data is in ascending data in the text line before the table. + +Edit #3 - improved formatting of the data. I know several people were wanting to play with the data themselves so hopefully this helps with that. + +EDIT #2 - added commas to the volume, changed ‘v’ and ‘t’ to ‘volume’ and ‘date’; added short explainer prior to the data to ease consumption for dumb apes. + +EDIT #1 - explained the ‘v’ and ‘t’ in the data. Made note to update format of the data later tonight. +So I have posted a few times here about some bumps in the road on my career trajectory and how my saving early on has worked in my favor. I have a new chapter in my story. + +NW: $1.6M +Age: 43 +Married with one child + +Back story: six months ago I received a glowing letter from my immediate supervisor on how well I was performing. All the metrics the admin types look at, I was doing extremely well. Had a good working relationship with my coworkers too. Was extremely happy at the time. + +Fast forward five weeks: we have a facility closure in my region. I am not being laid off but asked to relocate. It felt like a gut punch and was without question a step down. They told me they would keep me in my current role for another three months, despite being overstaffed, “as a courtesy”. + +In time I was given some schedules and assignments on my way out that seemed punitive and were unacceptable to me. + +How I would have handled this if I didn’t have decent savings: Tuck my tail between my legs and keep working + +How I handled it given my current situation: I got confrontational. I told them this was unacceptable. I provided ample evidence my peers were not given such assignments/schedule in short time. I demanded them to make some changes. They refused. I resigned abruptly and told them to find someone else to do their grunt work. + +Three months later, I have started my own business and found flexible side work I can do from home as I grow the business. New business has been a bit slow to take off admittedly but we are progressing and increasing our marketing strategies. I wish I could be more specific but it would potentially reveal my identity. + +My income is right now a fraction of what it was before, but growing week to week. I did have a moment or two after I was in the early stages of my new career path where I briefly felt panic. But mostly that has not been an issue. + +What has gotten me through those occasional moments: reminding myself that my entire career thus far, saving aggressively for a number of years, was in order to help me in a moment like this. Coming to that realization, I was able to accept the short term drop in income. I recognized that if I let stress eat me up during this time then my entire career saving for the future has accomplished nothing. + +So today ironically I spend zero time stressing about money. Month to month when my income was an order of magnitude higher I was far more meticulous about it all. I have given myself permission to relax and focus on the next chapter. And it feels great. + +Today I work on my own terms. My side gig is enough to support my family month to month and my new business if it takes off will be more lucrative. I still have a lot to accomplish but today I believe in myself and I believe I will look back on my last job and the way things went south as a blessing. +I am actually considering to start a YouTube channel educating people regarding personal finance, I know there isn't many UK channels and I think some people might like a younger perspective (age 24) or will people think I'm simply inexperienced? + +I would use the information I've learned over the last 2 years which has consisted of reading this and other forums everyday and other articles/blogs. + +I was wondering if many people would be interested in something like this and if anyone has any thoughts or advice feel free to let me know, thanks. +I just turned 20 years old and I started investing on Robinhood. I bought some Coca Cola stock but other than that I don’t really know what’s some other good stable stocks to hold before I try going for the riskier stuff. + +I tried reading up on companies and their stock information but I short circuited after seeing numbers with percentages beside them. + +Anyways I’d appreciate some help. +[https://www.cnbc.com/2021/11/19/ford-and-rivian-cancel-plans-to-jointly-develop-an-electric-vehicle.html](https://www.cnbc.com/2021/11/19/ford-and-rivian-cancel-plans-to-jointly-develop-an-electric-vehicle.html) + +Based on this latest news, Couple of points which came to my mind + +1 ) Was this intentionally done by Ford, They invested $500M in Rivian, then Rivian IPOed, Stock p\[rice was pumped up and now Ford exits out, Did they they make billions by investing $500M in Rivian ? + +2) Ford also is now openly entering as official competitor for Rivian. They have already released their F150 Lightning and for sure looks good (at least to me) + +What's gonna happen on Monday ! + +Edit : Ford drops Rivian Partnership +Hello Reddit, + +I am being offered a position at a tech company as an independent contractor under 1099 for $90,000/year with no benefits. I am also being offered a position at an architecture firm under W2 for $65,000/year with benefits (PTO, insurance plans, 401K matching, etc). + +I am 24 and single. I am leaning towards the tech position due to how big of a difference the yearly salary is. However, am I overlooking how important benefits are? What makes the most sense financially? + +edit: The 401k match is 100% match up to 3% then 50% match up to 5%. + +As for health insurance, I don’t know how much it would cost yet for the $65,000 position, but for the $90,000 position I will probably pay about $400/mo for health insurance. +One of the first posts I saw this morning was from r/relationships by a 2hr old account with a post from 2 hours ago. + +To summarize, it’s a story about how her excited bf blew joint savings £9000 to buy 50 shares and she’s upset because xyz. They brought it into a legal sub as well but mod was good there + +https://www.reddit.com/r/LegalAdviceUK/comments/nd04nh/my_partner_used_our_mortgage_savings_to_buy_about/gy7y8hq/ + +At first I thought it was just to get others to hate Apes but now I believe it’s meant to create divisions within the sub. I’m expecting it to be used in forum slide and that shills will try to create in fighting by stoking both sides of “the argument” + +Secondary objective is probably to drag apes into the wild of Reddit where we are easily painted as assholes or crazies (possibly as a gambit to help get us shut down). If you do decide to engage anything like this, tread very carefully and keep a civil tone. + +Stay vigilant. Every day we’re getting closer to the moon. + +🦍💎🙌💎🦍🚀🚀🚀🚀🚀🚀🚀🚀🚀🌔🚀🚀🚀🚀🪐🚀🚀🚀🚀 + +Edit: I guess the post was removed from uk legal. May have been done by mod as they said it belonged in a different sub + +https://www.removeddit.com/r/LegalAdviceUK/comments/nd04nh/my_partner_used_our_mortgage_savings_to_buy_about/ + +Edit 2: Was reminded 🌈🐻 media sources love jumping on this kind of generated conflict as divisive clickbait. + +Edit 3: Thank you for all the awards! I’m just glad I could make a positive contribution. +So I’ve been trading for a couple months now, working on support and resistance as it seems to be the simplest yet most likely to work long term. + +I’ve been struggling with emotions and all that so I’ve gone back to paper trading. However I recently realized that I don’t know how to trade support and resistance. + +Whenever I trade, I always make sure that the support will actually act as support so I don’t make a losing trade. But what ends up happening is that I either wait too long and I have a bad R:R and if it goes badly on me I lose more than I should. Or I wait too long and my profits are minimal. + +Then on the flip side, I don’t wait long enough and the price goes through the perceived “support” or “resistance.” + +I was just wondering if anyone knew what the possible solution could be? + +I have recently tried to wait for confirmation candles that are doji’s, but sometimes they don’t work and if they do work the price moves too quickly and I can’t get a good entry. +There have been an increase of posts about a fake squeeze coming and hedgies setting up a trap to short the fuck out of the share price again to shake off the paperhands. I think this is more to encourage apes to sell on the cheap by letting them think that there is going to be a peak price to sell at, and there will be another opportunity to buy on the cheap again. + +There may not be another opportunity to buy the dip and all the current fud coming up is just to get apes to sell below life changing money. This is not financial advice but if citadel and co are out, dtcc and cede &co maybe conditioning our minds that there will be another peak and big dip afterwards to get more apes to sell. This will significantly reduce our rocket fuel to the moon! +Hi, + +I recently came into about $300K through work and would like to invest it into real estate. The problem is that I have never bought real estate and have no idea where to start! + +My initial thought was to use the money as a down payment on a loan to purchase a local apartment complex. However, I don't even know how to start the process; nor do I know what good terms, properties, or deals look like; nor do I know what my options are in terms of terms and deals; nor do I know what to watch out for; nor do I know how to ideally structure my affairs so that I can keep going in real estate investing if my first purchase turns out to be profitable. + +I'd love to take college-style courses that would teach me the basics of real estate investing and help me with the particular issues I identified above. I've always been good in school, and a more structured education program (like a series of courses that ultimately grant a certificate of some sort) seems good to me at first glance, albeit slow. However, I wouldn't have a problem with reading a series of books, or doing a number of seminars, or something else, in lieu of courses. + +Can anyone here please steer me in the right direction? I just want to learn enough to get started without the feeling that I could be easily ripped off or make the obviously wrong decision due to knowing nothing. Do you know of any courses that are well-recommended and would teach me about real estate investing starting from scratch? Do you think banks might like to see a certain type of course or real estate certificate when making a lending decision (I noticed that Harvard has a real estate investing certificate program, but it's expensive, and I'm not sure it would impress anyone who matters to me)? Or are courses a waste of time and you recommend I do something else (like read particular books)? + +Thanks in advance!!! +I recently started as a mortgage banker and i’m interested in working with real estate investors. Hypothetically, What could I do to get your business? I’m not here for business, just ideas of what I should focus on the most. +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!** + +# 💎💎💎💎💎💎💎💎💎💎💎 +My only dives into the finance world have been consulting for data visualization projects for web tools, but surprisingly I haven't really seen too many other programmers in the field. Where are you guys and what do you primarily do? +https://www.wsj.com/articles/u-s-economy-grew-at-2-1-rate-in-second-quarter-11564144334?emailToken=6f7bf42b8864fea4bd87710677c7ea57i/IQ8VJAOxWsn4gxXg2bS08X9FrW9UE3z9rWOtWAawjOWkDXv0rghgCZYYbhMkr+gskHyevfYwI/m2w/aGdcKSk6RHuqjFKbhFYRC1SulYQ%3D&reflink=article_copyURL_share + +I feel pretty good about 2.1% +I am studying in a country that is much more expensive than my native one. Fortunately, my parents have enough savings, so moeny is never an issue for them. Because I've always been careful with money, they also didn't set a budget for me and trust my judgement. + +However, I have been struggling to decide how much I can/should spend. On one hand, I can just restrict my expense to match that of my peers. On the other hand, like everyone else, I also like a comfortable life. Should I buy this hiking pack? Should I move to a cheaper but less comfortable apartment? Can I do some traveling on holidays? I am constantly stuck between "I should live like an average student" and "They gave me a free pass. Why not enjoy life a bit?". I discussed this with my parents and they basically said "Just do what you think is best". + +I will start working full-time as an intern for the next six months. The salary is just enough to cover an average student's expense. Should I continue taking money from my parents? Where do I draw the line between "living life to the fullest" and "being a spoiled kid"? + +Edit: Hey guys, thank you so much for the advice! I seem to have given off the impression that I live a life of high-end wine or 5-star hotel. In reality I'm spending at most 50% more than the average student and can probably support the same or even better lifestyle once I get my first job. I cook my own meals and always stay at hostels when I travel. The lack of a budget just makes it difficult to justify any spendings, but I also don't know what kind of budget I should give myself. +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 ? +Hi all, + +I'm wondering whether its still generally expected that the big 5 banks will follow Disnat and National Bank on offering commission free trading. I've been holding out on switching to National Bank in hopes that the big 5 will follow, but the pressure doesn't seem to have had much of an effect to date (aside from big 5 offering sign up free-trade offers). + +Any thoughts? +Edit: + +HT u/PristineTangerine for previous post now approved. I saw referral link in there and removed preemptively. Apologies and thanks! Please refer to that post instead. + + +Please note there have been at least two posts for wealthsimple's upcoming zero commission platform. + +The links have been removed as they are referral links. Not allowed :) + +Here is the clean link: + +https://www.wealthsimple.com/en-ca/trade +I just got a job offer that wants me to start in about two weeks. Today is my boss last day in the office. He will be out Friday, Monday, and Tuesday. + +Would it be a bad move to tell my boss that I'm leaving today? Instead, should I try to get the new company to move my start date back a week? + +Edit: I want to clarify that I'm asking if I should tell him today that I will leave in 2 weeks. I don't intend to leave today + +Edit2: I work for a really good company as a data scientist. It's not a job that needs to be scheduled around or filled the day I leave. The company does not ask people to leave the day that they put their notice in + +Update: I told him today. I prefaced it with "I'm sorry for the timing of this with your upcoming vacation and all but...". Thanks for the input +Example: [Stocks fall following new home sales declines](https://finance.yahoo.com/news/sp-trades-lower-boeing-lifts-dow-140722413.html) + +This news reports on what appears to be a direct causation to today's drop. Is it worth looking at the news cycle, or is it too late by the time it's reported? ...in which case does it always boil down to (timely) raw data sources? +I keep hearing people say they are only eating ramen now due to lack of fund from buying GME. Stop! Please get help! + +Please pick rice over ramen. In my opinion, it is more healthy and contains 50% less calories but you feel 2x as full!! (Unless you need the calories then ignore me) + +Rice is also cheaper than ramen so….. you can save up more money for more shares….. just saying! + +Buy rice! HODL!!!!! 🚀🚀🚀🚀 +Stay healthy out there! +I truly don’t think it’s a meme stock anymore. + +1. RC is the Chair Daddy +2. Brilliant new hires from Amazon and chewy +3. 160 billion dollar gaming industry +4. NFT capability to return digital games and soooo much more +5. Expanding the product and merchandise they offer +6. ESPORTS + +Tell me what’s so meme-able about gme and I’ll change my mind. +I’m 15 years old currently and want to be a day trader in the future but I don’t know if it’s a viable career path. Considering my age, I have a lot of time to study, paper trade, etc. but no capital to actually start. But couldn’t I just study, paper trade, hone my skills, then apply for a funded account when I’m 18 to start off? +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 € *($141.80 / 130,35 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0878. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +# The world's 122nd largest company is on the verge of bankruptcy - and it could be a disaster + +[ Evergrande's headquarters in Shenzhen, southeastern China. Here, protesters have for several days shown their dissatisfaction with the behavior of the big company. Photo: Noel Celis \/ Ritzau Scanpix ](https://preview.redd.it/0gxxeamg49o71.png?width=667&format=png&auto=webp&s=7fd896b725a1cbf84bb1162d682461db6de62ca7) + +**Some compare Evergrande to the American financial giant Lehman Brothers, which went bankrupt in 2008 and kicked off the financial crisis.** + +An old saying goes that if you owe the bank two million, it's your problem, but if you owe the bank 200 million, it's their problem. + +Chinese real estate developer Evergrande owes 200 billion$ , and that may soon become a worldwide problem. + +The company, the 122nd largest in the world in terms of turnover, is on the verge of bankruptcy. The fear is that it could hit the entire global economy. Experts talk about a company that is "too big to go down", but also about the risk of a crash that could take its toll on the world economy. + +*- The problem with Evergrande is that if it goes bankrupt, it could have some repercussions throughout the housing market in China, and it could potentially create a really big crisis. This is something to keep an eye on,* says Danske Bank's chief analyst and expert in Chinese economics, Allan von Mehren, to TV 2 *(Danish news orginitazion)*. + +# The house of cards and the economy + +**The unrest over Evergrande is not new, but the storm has intensified in recent weeks and days.** + +**Facts about Evergrade** + +* *The Chinese company Evergrande was founded in 1996 by Hui Ka Yan, who is today one of China's richest men.* +* *Evergrande rode in the late 90s and up through the 00s on the back of the construction boom that occurred when millions of Chinese moved into the cities.* +* *According to its own website, Evergrande currently owns more than 1,300 construction projects in over 280 cities.* +* *The company was listed on the stock exchange in 2009, and according to several media, is built around an aggressive growth strategy for borrowed money.* +* *In addition to being a property developer, Evergrande also owns shares in an electric car company, a football club, a tourist and entertainment leg and several other subsidiaries.* + +In late August, billionaire investor George Soros warned in a column in the Financial Times that Evergrande could topple the entire economic card house in China. At the same time, credit rating agencies such as Moody's and Fitch have downgraded their confidence in the company. + +And on Thursday, all trading in the company's bonds - small loans granted to the company in exchange for interest - was suspended because there was so much uncertainty about Evergrande's ability to repay. + +Before that, the value of the same bonds had plummeted, just as the share price has been cut by about 80 percent over the past year. + +# Evergrande's market value over the last five years + +*The market value is the share price times the number of shares. Calculated in Danish kroner.* + +https://preview.redd.it/2klmhb9h49o71.png?width=652&format=png&auto=webp&s=6aa8062866651e39845e043f23663b015bf62b8b + +Meanwhile, larger and smaller demonstrations or protests have erupted in China over Evergrande because subcontractors are failing to get paid for their work, worried shareholders fear bankruptcy, and customers fear the company will never build the housing they have already paid for. + +The risk of it all falling apart According to Nordea's chief economist Andreas Østerheden, Evergrande's money problems - liquidity, as it is called - are so great that the company will probably go bankrupt if the Chinese state does not intervene. + +Conversely, however, he expects that the assessment in Beijing will be that Evergrande is "*too big to go bankrup*t". + +# " Negative stories in the media have lowered the confidence of potential buyers " - Evergrande in a stock exchange announcement + +On the one hand, there are up to 200,000 employees in the company, and on the other hand, the debt is so large that it will hurt the entire Chinese economy if Evergrande just rolls over on its stomach and declares bankruptcy. + +*- A bankruptcy will not only harm investors and lenders, but also home buyers and multiple suppliers, which will have inappropriate consequences for many people. A form of rescue package will probably soon come from the Chinese government*, Andreas Østerheden writes in a comment. + +The same assessment comes from Danske Bank's chief analyst Allan von Mehren, who, however, also points out that a rescue package puts the Chinese government in a bit of a dilemma. - They (managed, ed.) Also have an interest in pressuring these companies. It should not pay to incur excessive debt and just drive out there. So it is a balance for the authorities who want to pressure the companies, but without it getting so far that it all falls apart, von Mehren says to TV 2. + +A Lehman moment While the Danish bankers do not fear a complete Evergrande bankruptcy, there are others who believe that the world is facing a Chinese "Lehman moment". + +Lehman Brothers was the financial giant that went bankrupt on 15 September 2008 in what is considered by many to be the start of the financial crisis, which also left serious scars on the Danish economy. + +In short, the fear is that an Evergrande bankruptcy will create so much unrest and so many upheavals throughout the financial market that it could have unforeseeable consequences. + +First, shareholders and lenders would be forced to sell other assets - for example shares in other companies - to cover its losses. This will cause global stock prices to fall, which could start a major downturn. + +In addition, it will probably have an impact on house prices in China, as Evergrande is the country's second largest property developer. + +At the same time, a large part of the Chinese's fortune is tied up in bricks, which can make people hold extra on the money because they are unsure of the value of their home. + +[ Security personnel form a human chain outside the Evergrande headquarters in Shenzhen on September 13 because people are protesting against the company. Photo: David Kirton \/ Ritzau Scanpix ](https://preview.redd.it/0hh1s96359o71.png?width=622&format=png&auto=webp&s=943b83483ba0eadb8ec9d02620948f0a32fb5fd9) + +Furthermore, there are up to 200,000 employees in Evergrande, who could potentially lose their jobs from one day to the next. And for subcontractors, that would mean bills not being paid and construction projects stopping halfway. + +The overall consequences were put into words by the National Bank of China as early as 2018, when it concluded that Evergrande's debt mountain posed a risk to the entire financial system in China. + +In the end, the misery could end in protests and social unrest, the warning read. + +# Under pressure + +At the time of writing, no one knows what Evergrande's debt mountain will hit if or when it collapses. But over the next year, according to Bloomberg, the company will have to pay a double-digit billion back to its lenders. + +In an attempt to close the hole in the box, the company has tried to sell parts of its business, but the situation has made some potential buyers wait for a "fire sale", writes the New York Times. + +On Tuesday, Evergrande issued a stock exchange announcement in which they commented on the situation and the unrest surrounding them. In the announcement, the company stated, among other things, that it has tried to sell the part of the business that develops electric cars, but that it was currently without success. + +The announcement also read that September typically offers a record number of real estate transactions in China, but that "negative stories in the media have lowered the confidence of potential buyers": + +*- The company expects a continued and significant decline in the number of contract trades in September, leading to a continued deterioration in the company's fundraising, which could put the company's cash flows and liquidity under enormous pressure.* + +Finally, Evergrande states in the letter to the stock exchange that it has contacted two financial advisers to help assess the company's situation and "investigate viable solutions to alleviate the current liquidity problem". + +From the letter, it can be seen that one of the two advisers is the company Houlihan Lokey, which according to Bloomberg is among the world's leading experts in so-called reconstruction, which is the step before a bankruptcy. + +Bloomberg further writes that Houlihan Lokey's biggest case ever was… Lehman Brothers in 2008. + +&#x200B; + +&#x200B; + +Let me know if there were any spelling errors. + +[News link](https://nyheder.tv2.dk/business/2021-09-16-verdens-122-stoerste-virksomhed-er-paa-kanten-af-konkurs-og-det-kan-blive-en) +The Dow is quoted everywhere: nightly news, this forum, cnn.com, NPR, wsj.com (not surprising since Dow Jones owns them). Please do yourself a favor and disregard anything you hear about it. The only value in the Dow is that it's widely quoted and is correlated to the larger stock market. But in that case, why not pay attention to the larger stock market indices like S&P 500 or Wilshire 5000? + +In short, the Dow Jones Industrial Average represents a small number of very large "industrial" companies in the US. It is price-weighted. That means regardless of actual size (market cap) of the companies, they are weighted based on stock price, an arbitrary result of the number of shares that company has issued (fewer shares = higher price stock). Side note: if Apple hadn't split it's shares 7:1 before joining the DJIA, it would have represented roughly 20% of the index (not a coincidence they split 11 months before replacing AT&T in the DJIA). + +Additionally, no one invests in DJIA index funds (this should be a pretty good indicator of its uselessness) but most people do invest in funds that focus on tracking the S&P 500's performance. So please, pay attention to the S&P 500 or another market-cap weighted large cap stock index to track the performance of that particular asset class in your portfolio. + + +Additional Info: +NPR Planet Money Podcast on the DJIA's futility: http://www.npr.org/sections/money/2013/03/12/174139347/episode-443-dont-believe-the-hype + + +Additional bullet points from Investopedia: + +DJIA: + + 1. 30 North American stocks picked by the Wall Street Journal + 2. Calculated through a method of simple mathematical averages + 3. Higher-priced stocks affect the average more than lower-priced ones. + +S&P 500: + + 1. 500 North American stocks picked by an S&P board + 2. A wider range of sector representation + 3. Calculated by giving weights to each stock according to their market value + 4. Regardless of stock price, a percentage change will be reflected the same on the index. + +Edit: My initial point was that the Dow is flawed and doesn't communicate what most people think. It represents the performance of a few stocks that sometimes correlate to the large cap stock market; it does not accurately represent the stock market as a whole, large caps stocks, or equity portfolio performance. There are indices that do actually communicate greater stock market performance, e.g., S&P 500 or Wilshire 5000. + +Given the market's recent volatility, the comments here are mostly ignoring my point and focusing on short-term decreases of retirement balances. To that point I will reiterate a comment I made below: "only look at your portfolio for scheduled [annual or semi-annual] rebalancing and reallocating. Trading already deposited (that is, excluding new funds) within a retirement account should only happen a couple times per year." That is, ignore the recent market fluctuations; retirement investment strategies are inherently created for the long term, so the short-term changes are irrelevant and you shouldn't pay any attention to it. Five letters: R-E-L-A-X +Good news everyone! Mint and other financial institutions are finally starting to adopt OAuth and APIs. +The benefit is instead of giving Mint your username and password, which it uses to login and screen scrape to gather data, Mint is given a token, which is read only. This is a *much* safer way of connecting accounts. +In addition, using APIs instead of screen scraping will keep accuracy better, speed up account refreshes, and keep things working when your bank changes their UI. + +https://help.mint.com/Accounts-and-Transactions/939542541/What-s-new-about-my-bank-connections.htm +40F, married, living in the US (WI). I have stage IV metastatic cancer and have been told I have a few months left. The last 2 years (cancer diagnosed 2020, pandemic, etc) have financially drained my husband and I and now there’s no way I can pay off my credit cards before I die. I was hoping to go back to work soon, but my cancer spread out of nowhere and here I am. + +I don’t want to leave him with my debt if I don’t have to (I have 3 cards, under my name only and have had them all for 10+ years). I haven’t been able to work and ran them all up over the last few years. I owe $5200, $7400 and $7100 on them, respectively. + +Is there a way to call the credit card companies and settle those debts for less? I have about $4000 to my name (cash) and a car that’s worth maybe $12,000 that I can sell in a month or 2 when I won’t be able to drive it anyway. Other than that, we rent and I don’t have any other assets other than a small Roth IRA. + +What if I don’t pay them before I die? Is my husband liable for them? Is there another option I’m not seeing? + +Thanks in advance. Just trying to do the right thing and not leave my husband any worse off than he needs to be. +For the first time in my adult life I have a positive net worth. I found this community back in 2015 and it's helped me tremendously in my journey to get here. I now religiously check in everyday to see the latest posts. + +Here's a quick rundown: 33M, living in HCOL city, and making 81k. I first moved here and was making $12/hr with infrequent temp work. I was hemorrhaging money from left over student loans and also had help from my parents. After that 1st year I was able to get a job in my field making 57k. This was actually a solid baseline salary. I was able to have my own studio, pay student loans, and still have fun. After about 1.5 years I switched jobs and am now making 81k. I did my best to avoid lifestyle inflation and have been doubling up my student loan payments since then. You can slightly notice the change in the graph from where I started my new job. + +Things I done well so far in my journey: I've never had credit card debt. My only debt is student loans. And I think I've done well at avoiding lifestyle inflation and increasing my savings rate. + +Things I need to work on: EATING OUT. I do it far to often and really need to get it back. But that's a work in progress. + +Here's my chart over the last 2.5 years. Thanks for all your help. https://imgur.com/a/oSRoT +Basically, I'm confused why market volatility is a thing. If one assumes that the majority of professionals are rational actors, why the large discrepancy in prices on a day-to-day basis if the fundamentals aren't changing? +Tomorrow is the anniversary day of the buy button getting shut off on retail (January 28 2021). I remember the moment very vividly watching the price move wildly up and down. + +The price was about to break all time highs, when it got stuck there for a few moments. I checked Reddit and Twitter to see all the hype posts and comments only to find people saying their broker won’t let them buy anymore. + +Then the price started dropping. And dropping hard. I couldn’t believe it. + +I’ve been here since last January, and as a gift, I as an individual investor am going to buy more shares tomorrow to remember the day the rules got changed and retail got screwed. + +TLDR: buy button shut off January 28 2021. I as an individual investor am buying shares tomorrow as anniversary gift +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 **💎** **✋** +Hi all. + +I am 19 years old, and recently got a job as a warehouse operative paying £8.56/hr for 12 weeks, when it goes up to £10.56/hr. I work 37.5hrs a week, consistently, with a rota that’s planned out into March 2022. + +I’m trying to get hold of some night shifts and overtime which offer a nice bump to pay, too. + +Right now, my main concern is financial independence. So I plan to pay down, as fast as possible, all my liabilities of a high interest rate. + +Currently, I owe approximately £1,136 in liabilities — that’s almost entirely luxuries. Nice things on finance, basically. I want to wipe this debt out early so I don’t get punished by interest rates by paying only a little bit a month. + +I have very few expenses at home. I could actually save up almost all of my income if I were determined and did not spend much. My monthly income is just over £1,200pcm. But I’d like to have some room to enjoy some of my money too. + +Most importantly, I want to get into investing and expand my portfolio of assets & investments. + +Essentially, my goal is, that within five years I will have made, saved and invested enough money to be looking at going back into education, where I can get a degree & achieve what it is I want to do in the longer term. (I’d love to move to Italy one day). + +Given the above, what are my options? What do I do? I was never taught financial literacy as a kid so my wages vanish as fast as I get them, and I hate that. I’d really appreciate any advice. + +Thanks +Im looking for advice for Orchid Capital (ORC) which is a REIT that yields up to +14% and it is also a monthly payer. I'm heavily invested into this company as I think real estate will eventually recover. I'm up 12% just this year and I keep reinvesting the dividends. Although the dividend hasn't increased since the pandemic, the growth and yield of this company is very rewarding. +Btw I am not a financial advisor I'm just seeking advice. +So I’m new at this and I need help, I don’t understand what I need to focus on to pick a dividend stock or an etf, can you guys explain to me what do you focus on to pick them? +Hi I’ve been trying to learn sound investment strategy for about 4 years now. Started off as any 20 something guy with disposable income does and wildly threw 50-100% of my cash into single stocks recommended to me by a discord day trader. Made okay money at this but the stress this caused really took me away mentally from my day job (biomedical scientist). + +I later decided to try a long-term strategy of picking affordable stocks with high dividends (keep in mind I know very little about trading, so every decision was based on what pages like motley fool would say are good decisions). The one stock I picked that I feel is a gem is $ABR, but I never see it mentioned on this sub. It has a history of dividend yield greater than 7% for almost 8 years now and periodically peaks up over 9%. + +Can someone who actually knows what they’re doing comment on $ABR and/or give me a rundown of what to look for other than dividend yield when picking dividend stocks? + +Thank you! + +Edit: Turns out this sub has a super informative welcome tab that I’ve somehow missed until now. Still would like a comment on $ABR if someone has the time. TIA +I just would like to point out that dlauer and Dr. T. had been very quiet and almost unsure about the potential of MOASS until late. Tweets from both over the last two days are pointing to some sort of squeeze. dlauer doesn't say MOASS but was very direct in saying GME shorts are drowning. And Dr. T. isn't saying GME but is quiet literally talking about an unprecedented squeeze event. It's clear by the language she is using. BUCKLE THE FUCK UP!! 🚀🚀🚀🚀🚀🚀 +Hi all, +I run a very small twitch channel and I (very suprisingly!) have quite a loyal followbase that are happy to chuck a few dollars my way often. I've been affiliate since the 2nd of September and thus far have earned more that the requirement for a twitch payout ($100usd). IF the numbers continue as they are, I expect to have earned just shy of 2000usd over 12 months. + +As I'm earning a very good wage, I don't need the extra money. I decided some time ago that I would donate it all to charities, in particular focusing on Blackdog Institute as I've lost a couple of friends to mental health. + +Twitch has my tax file number, so my assumption is that I will see these payments during my next tax appointment. + +My preference here is to donate the payments to Tiltify (so my viewers can see proof of the donations) though I'm happy to drop PDFs of receipts into my Discord as proof of Tiltify payments aren't considered a charity here. + +How do I go about handling this at tax time? +If 100% of the money is shown via receipts to have gone to Blackdog, is this good enough proof to not be taxed on? + +I'm located in Victoria, if that matters. +Edit - thanks everyone for your input. Think I’ve got a clear view of what the pros and cons of this strategy is. + + +Ok. So I’m not an options trader...but provided my research is correct I will be. I’m here so someone can point out the flaw if any. + +Say I buy apple and sell calls for 1 yr later. Right now apple is just under 130.00. Sell a 145 call for Jan 15, 2022 at 13.50. These are all current prices. + +Is my math correct? I’m taking the stock price, adding the call premium, adding potentially stock price sell at 145.00 for 1 lot. + +1. 13000+1350+1500. This is what I make if strike price is at or above. + +2. 13000+1350+/-wherever the price is at that year under the strike price. + +What I am missing. Because this seems to good to be true. I get that I would forfeit any upside beyond that 20% per yr gain...but who cares!? Set me straight here! +I was just participating in a discussion thread on a financial forum that is not FIRE-oriented, and was really struck by the different perspective of financial advice that you get in the "real world" as opposed to what we espouse in FIRE communities. + +This guy wrote in that he has [$5M net worth at age 50](http://www.dcurbanmom.com/jforum/posts/list/579314.page), and he was asking about what his options were -- when would other folks plan on retiring in his shoes. + +Instead of sensible advice or pertinent questions (e.g., what are your annual expenses?), he got a bunch of counterfactual heuristics like: + +> I have a friend that retired around 50. At 55, they are at the 'we need to sell the house and go someplace cheaper' phase. I'm afraid of what happens as time goes on. Not working and earning between 50 and 65 doesn't strike me as a great plan, especially if you don't have f u money in the bank - and that's not $5M. + +and + +> It's not, at all., just look at inflation. OP thinks they will live into their mid 80s. That's 35 years. I'm 40 and still have both grandmother's and one grandfather, all in mid/late 90s. + +> OPs 5M will no longer grow. OP will be living on interest. In 35/40 years that 5M will buy you a THIRD of what it does today, so that 200K in annual interest payments (God help them if the market tanks) will be70k in today's income, of course assuming the principal stays intact and that she kicks the can NLT 90. + +> 5M is not FU money. It must be managed much differently and much more prudently than the OP is accustomed to now, living high on the hog. I also agree that for the OPs income, assuming they've had it for a long time, their savings are less than impressive. + +> I'd keep working and double down on relationships estate investments, assuming the OP is not heavily diversified. + +I almost feel bad for folks like this. But, it's just so hard for me to understand how someone can be smart enough and driven enough to accumulate that much wealth, but at the same time utterly incapable of making a solid financial plan to preserve it. +https://www.washingtonpost.com/business/economy/corporate-debt-nears-a-record-10-trillion-and-borrowing-binge-poses-new-risks/2019/11/29/1f86ba3e-114b-11ea-bf62-eadd5d11f559_story.html#click=https://t.co/6rw2JmZtm5 + +No wonder corporate debt has gone up, with low interest rates it’s a no brainer. +I am 100% certain inflation and rising prices will happen on supply chain strained commodities. Any suggestions for beaten down stocks. Uranium? Potash? Oil yes of course. Gold miners! Best hedge for 1-2 years inflation rise. Thanks. +A neat little 'S&P 500 Simulator': + +> In this simulation, you are given a 3-year market period from sometime in history (between 1950 and 2018) or you can run in Monte Carlo mode (which picks randomly from daily returns in this period) and you start fully invested in the market and can trade out of (and into) the market if you feel like the market will fall (or rise). + +* https://engaging-data.com/market-timing-game/ + +Instructions: + +> You will start fully invested in the market, with $100,000 (when you push the "Start/Pause" button). You can sell all of your investments by pushing the "Sell" button and buy back in by pushing the "Buy" button. At the beginning, you can only sell. Once you've sold, you can then only buy. See if you can outperform the market by selling high and buying low. The game will last for about 3 years (750 market days), after which you can extend the game or restart with another random, historical period (or Monte Carlo simulation). +First of all. I have no idea of anything. I eat crayons and add some crayons for special flavor. + +I am not in any kind a financial advisor. As well I am not liable for the information provided in the following. I'll just post some links and you decide what you want to do, as always. + +&#x200B; + +&#x200B; + +[Burry's bookshelf](https://preview.redd.it/d8zl31dquqr61.png?width=1500&format=png&auto=webp&s=57376f489832d8dcfe8b34686c1b31088ff47b98) + +We all know that Michael Burry was visited by the SEC to stop tweeting about bubbles, hyperinflation, yadda yadda. In the meantime, his twitter is deleted (was deleted?). Dead end. + +Before this happend, **his profile picture changed into a book shelf -** [**wayback machine, i love you. deleted over there in r/GME**](https://web.archive.org/web/20210331213750if_/https://www.reddit.com/r/GME/comments/mh3sar/michael_burrys_new_twitter_profile_and_background/) **- and everybody was like, "wTf iS tHiS biG sHoRt iN jAPanEsE???"** + +I don't know, but the books on the right hand side were kicked off. + +&#x200B; + +Besides that, I was digging in CLOs: basically CDOs (wrinkles from 2008 The Big Short, gotcha) but instead of MBS (mortgage backed securities from subprime debtors), they are filled with leveraged loans/subprime debtor companies. [Investopedia Introduction](https://www.investopedia.com/terms/c/clo.asp) \- so, same shit as 2008? Pretty, yes. + +**Go and read this Guggenheim Paper about CSOs** (Collateralized Synthetic Obligations, basically derivatives on CLOs): [Guggenheim Paper: The Rise of Collateralized Synthetic Obligations: Beware the Rhyme of History](https://www.guggenheiminvestments.com/perspectives/portfolio-strategy/the-rise-of-collateralized-synthetic-obligations) and [here is some background on CSOs vs CLOs](https://www.quantifisolutions.com/why-invest-in-csos-vs-clos) + +&#x200B; + +[Anatomy of a CSO](https://preview.redd.it/11jmg96eupr61.png?width=1021&format=png&auto=webp&s=597bd738e753a9efd9982599f2302f34b00d2ecc) + +**"Well, this sounds pretty like pre-2008, dont y'all think so?"** + +Then have a look at this beauty: [Source](https://www.bis.org/publ/qtrpdf/r_qt1909w.htm) + +&#x200B; + +[Comparison of CDOs vs CLOs. ](https://preview.redd.it/9d5ls4mqtpr61.png?width=400&format=png&auto=webp&s=3ce1f3f2428a89bae89e167efc4b2b97a1626c77) + +Market for leveraged loans is rising. The stuff is set-up in tranches. Covenants and debt coverage weaken (20% is up to a debt-EBITDA-ratio of more than 6x!). Equity tranches are held by HFs and Structured credit funds. + +**"Well, this sounds pretty like pre-2008, dont y'all think so?"** + +The SEC released a paper on the "[u.s. credit markets interconnectedness and the effects of the covid-19 economic shock](https://www.sec.gov/files/US-Credit-Markets_COVID-19_Report.pdf)": Especially Chapter 4 is worth a read and re-read. The Summary: + +&#x200B; + +[Summary of Chapter 4](https://preview.redd.it/fwdj9k79vpr61.png?width=880&format=png&auto=webp&s=44318c20f4ebaad7963a441e5492356b2f7518d4) + +**Well, cool! As long as no one defaults everything is fine and business as usual.** + +&#x200B; + +I wanted to look into the source of the above graph which is " Fitch Ratings, "Leveraged loans & CLOs in financial institutions", August 2019", footnote no. 3. But then I stumbled upon this [Forbes Article by a Consultant for Bank-Regulation, you could probably say an expert.](https://www.forbes.com/sites/mayrarodriguezvalladares/2019/08/10/leveraged-loans-and-collateralized-loan-obligations-have-significant-capital-implications-for-banks/?sh=752260bb6f74) + +"According to Fitch analysts, “A few Japanese banks, particularly Norinchukin (unrated), have been very active in buying CLOs. While banks are often selective with CLO managers, we believe the correlation of CLO investments means the asset class will largely move together irrespective of manager selection. Mid-sized banks are more likely to have riskier positions relative to their expertise and overall financial strength.”  Of concern is that Norinchukin’s CLO holdings are “equivalent to 103% of its CET1 capital and it has accelerated its buying in the past year.”  Japan Post Bank also increased its CLO purchases significantly in 2018, although its overall exposure is lower than Nornichukin's.  Japanese mostly hold their CLOs as available for sale. Hence, those banks with large CLO exposures would be adversely affected by mark-to-market losses if CLO tranches are downgraded." + +&#x200B; + +**"Who is Norinchukin? Never heard of?"** \- [Nevermind, it's only a bank focused on agriculture, forests and fishery with total assets amounting up to 970,752 Million USD.](https://www.nochubank.or.jp/en/ir/annual_report/pdf/ar_2020.pdf) as of 31 March 2020. That should be 970 billion USD which is almost 1 trillion USD, if I am right. Nothing, right? + +&#x200B; + +**"How active is Norinchukin with CLOs?"** + +[As of 1st July 2020, S&P:](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/japanese-banks-warned-of-covid-19-impact-on-overseas-clo-investments-59253681) "Japanese banks, among the world's largest buyers of collateralized loan obligations, should be cautious about their holdings of such securitized products as default risk of underlying loans could be rising, albeit still low, amid prolonged pandemic disruptions globally, experts say. + +Although rising risk aversion have pushed prices of CLO notes down in the secondary market, which has led to unrealized losses for CLO investors worldwide, the Japanese banks are in a relatively better position, at least in the near term, as most of the notes they hold are rated AAA, experts add." + +&#x200B; + +**"Cool, they are rated as AAA. So they are secure."** + +[Same Source:](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/japanese-banks-warned-of-covid-19-impact-on-overseas-clo-investments-59253681): "Japan's top CLO investor, Norinchukin Bank, told a press conference in May that it would refrain from investing in more CLOs. + +The bank, which manages assets for farms and fishing cooperatives, held ¥7.7 trillion of CLOs as of March 2020. It was down from ¥8.0 trillion as of end-2019 but up from ¥7.4 trillion in March 2019. + +**Although default risk of CLOs appears low for now, rising risk aversion among investors had led to an unrealized loss of about ¥400 billion of its CLO portfolio in the March-end quarter.** + +"Of course, there is the big risk of their \[the Japanese banks'\] CLO investments," said Makoto Kikuchi, CEO at Myojo Asset Management Co. *"Chances are high that even highly rated bonds will be downgraded," hit by recessions due to the prolonged Covid-19 interruptions.* + +*S&P Global Ratings recently forecast that the U.S. trailing-12-month speculative-grade corporate default rate will likely increase to 12.5% by March 2021. But if COVID-19 cases resume their rise later this year or early next year, the default rate could go up to 15.5%.* + +*JPMorgan, meanwhile, predicts a default rate for leveraged loans to just below 10% by the end of this year."* + +&#x200B; + +**"Hm. Corona still here. So the predictions might come true? Are there other predictions?"** + +Research from LCD Research: [https://www.spglobal.com/marketintelligence/en/news-insights/blog/banking-essentials-newsletter-march-edition-part-2](https://www.spglobal.com/marketintelligence/en/news-insights/blog/banking-essentials-newsletter-march-edition-part-2) + +&#x200B; + +[Date of forecast: 10 July 2020](https://preview.redd.it/n0jch80pypr61.png?width=901&format=png&auto=webp&s=7315b2beb140d3b3f1f2635b8add67fa33d5b5f0) + +Data is from July 2020, unfortunately. Haven't found anything better yet besides this [Fitch Report](https://www.fitchratings.com/research/structured-finance/fitch-ratings-expects-to-revise-significant-share-of-clo-outlooks-to-stable-22-01-2021) from January 2021. According to them, the short term outlook for CLOs stabilizes. + +&#x200B; + +**What do you think about that?** IMO, I havent checked and prospectus from CLOs, but what would be interesting to know: How does a downgrading of junior tranches affect senior (e.g. AAA Tranches at Norinchukin?) Maybe we can get some wrinkels on here? + +&#x200B; + +**Edit1:** included the pic of Burry's books + +**Edit2:** [Risk of CLO losses keeps Japans banking regulator on alert](https://www.bloomberg.com/news/articles/2020-05-28/risk-of-clo-losses-keeps-japan-s-banking-regulator-on-alert) \- 126 billion USD = 13 trillion YEN, which was around 15% of all CLOs in 2019. + +&#x200B; + +https://preview.redd.it/0ddn7g1wvqr61.png?width=821&format=png&auto=webp&s=b0a29b61abc1adf84b0f20390e19147df3d379e8 + +"Whether the highest-rated securities eventually get cut “depends on how bad the real economy becomes,” said Tomohiro Miyasaka, chief securitization analyst at SMBC Nikko Securities Inc. in Tokyo. “It could become more likely if the economy gets worse.” + +Authorities in Japan have been growing increasingly concerned about financial institutions’ exposure to CLOs. Prices could fall as much as 30% should top-rated bonds be downgraded to AA or A at a time of market stress, the Bank of Japan said in a [report ](https://www.boj.or.jp/en/research/brp/fsr/data/fsr191024a.pdf)last October. Rating cuts may also lead to higher capital charges for banks because lower-rated securities would carry a higher risk weighting. + +\[...\] + +Lenders have so far been insulated from CLO price drops because they focus on holding top-rated debt until it matures and don’t need to realize losses until the value of the securities falls by 50%. AAA rated CLOs touched 92 cents on the dollar in March and have since recovered to trade at almost 98 cents, according to a Palmer Square index. " + +Can we talk about why AAA-rated tranches have been excluded? Of course, they are senior etc. yada yada. But we know that Rating agencies do not operate all by themselves. They are paid by the originators, right? A downgrade would lead, for sure, to some dumping of these garbage CLOs on the market which would probably lead to a full-blown sell-off and the start of the "Japanese Big Short". Proof me wrong + +**Edit3:** + +just as I was typign Edit2, u/guywholikesjapan came by and dropped this masterpiece: + +[Competition among CLO Raters may challenge dominance of Moodys](https://www.bloomberg.com/news/articles/2019-06-25/competition-among-clo-raters-may-challenge-dominance-of-moody-s): " + +**Kroll does not rate the underlying loan assets.** Instead it can use what is available in the form of outstanding public ratings from other agencies, as well as its own work to provide ratings analysis. “We live and die by investor acceptance,” said Noé. “**We approach investors before the issuers and are actively working with some of the largest investors in the market to ensure we are providing them with a valuable service.** You have to get your way on to deals to start with and build from there. We have now achieved this on all the major asset classes in Europe.” " + +Ok, tell me how you can rate a basket of loan assets without rating them or looking at them properly? Did he just say "valuable service" which could be interpreted as "we give you the stuff you need, we'll build a special relationship here..."? + +This is a huge kindergarten: "Mama Moodys and auntie S&P gave me a bad rating, so I think I'll have to go to Daddy Kroll, he gives me the rating I want and the rating I need." + +&#x200B; + +**TLDR:** + +**CLOs and CSOs on the rise, quality declines, Japanese Banks own huge amounts of CLOs of good quality. Nevertheless, defaults are predicted to rise. There is still a huge conflict of interest regarding the ratings of CLOs (and probably all kind of structured derivatives).** + +**Not financial advise.** + +*Tagging as Discussion because it's not a full-fletched DD at all but maybe the starting point for such.* +Is there something that you think will make the subreddit better? Is there something you want to see more of? Is there something that us mods can do that will help the community? + +Leave it in the comments of this post! + +Any and all suggestions are welcome and one of the mods will do our best to try to reply. +In February 2016 I did the ticket to work program had a semi part time job. Fast forward to this past summer, I recieved a letter for social security stating that I earned 72.00 too much and that my benefits should have stopped right away but because the Government is back logged no one caught the error until now. +I made an appeal but lost and now have to repay the 28k. I'm unable to work as my illness has gotten progressively worse and even if my next appeal is approved, they will just keep my monthly check and put it towards the overpayment. +Has anyone here had this issue and if so what did you do? + + +I'm actually a big fan of market timing for short term trades, but for long term investing I always figured timing wouldn't amount to much. Now there's a study out there that looked at the past and showed that the end result is merely a difference of 20-30% between the supernaturally awesome at picking bottoms and absolutely improbably worst (or best?) at picking tops. I figured this sub might like this. + +https://www.albertbridgecapital.com/drew-views/2019/1/29/the-futility-of-market-timing +I'm actually a big fan of market timing for short term trades, but for long term investing I always figured timing wouldn't amount to much. Now there's a study out there that looked at the past and showed that the end result is merely a difference of 20-30% between the supernaturally awesome at picking bottoms and absolutely improbably worst (or best?) at picking tops. I figured this sub might like this. + +https://www.albertbridgecapital.com/drew-views/2019/1/29/the-futility-of-market-timing +We’re both 22 and I really just don’t want to rent. Feel like starting young instead of renting will get me where I want to be quicker. Plan would be to live in the house for a couple years then get another multi family and live in that while renting out the other house and side. Keep multiplying off that, eventually go to apartments and potentially commercial properties. I know it’s a lot more complicated than that and there will be ups and downs. + +Is there anyway to mitigate the risk if we breakup? I wouldn’t be able to do this by myself right now. She’s got the money for a down payment, I make more for the monthly payments. +Been hearing some buzz about VIDT lately. Apparently they are going to be doing an ama in the fantom telegram tomorrow, so that might bring some more attention. Get in before then +Has anyone else had luck buying heaps of way otm 2 cent contracts that 2-3x in value? I purchased 10 NKLA 5$ puts for 2 cents and just sold for 5 cents a piece when IV is a little higher. This seems to happen a lot. Just wondering if anyone else has had luck doing this? My only regret is not buying a bunch more. I suppose the danger of buying a lot of cheap contracts is not getting them filled. + +In short, the strategy is anticipating that a stock sentiment will become bearish, so buying super cheap options as they seemingly double in value faster. + +Any input? + + +Edit: for those who want to know what i learned in comments. + +1.) Commisions can ruin you. + +2.) Not extremely reliable and know what your target is on the tail end. + +3.) Gamma and vega is better to watch on these trades. + +4.) Im at 86 Brattle Street Cambridge, MA 02138 +How often do you recommend planning a vacation, and what do you budget for vacations? Do you plan smaller vacations every x months and larger vacations every year or every other year? How long are your vacations, and do you go in state, out of state, our of country how often? + +We are a young couple getting married next May and are just wondering what the norm is. +The other driver was at fault and we got a witness to state they ran a red light in the police report. Thankfully both drivers are in overall good physical condition with only minor injuries. + +We are still unsure if the other driver had insurance, this all happened last night. My girlfriend had been saving up money and looking for her first car for quite some time, and made a down payment of $1000, owing another $3000 through monthly payment. She is really bummed and I want to do what I can to help her with the legal side of this (hospital bills, car payments, etc) + +She did not have insurance, having bought the vehicle the day before, so we are not sure what to do in this situation. Any advice would be greatly appreciated, thanks r/personal finance ! + +Edit: not 100% positive but it also appears the dealership sold her the car and allowed her to drive off the lot without insurance. It was her first vehicle so she didn't know that she or the dealer was doing anything wrong. If this is in fact true, will it change the outcome in any way? + +Edit2: thanks for the responses, the car was purchased from a 'buy here, pay here' dealership so I think that might shed more light on the lack of insurance at time of purchase issue. This was her first car and I don't know if she fully understood or was explained the process at the time of purchase. + +You all have been so helpful, thank you. + +Edit3: really was not making this post for a pity party, I have received some pretty unkind words from some redditors but overall you guys have been unbelievably helpful. I just want to do what I can to try and help her, this was a big step in life for her! I'll come back with an update in the next few days, again, thank you r/personalfinance for everything! +Three main reasons: 1) no capital gains tax on primary residency 2) people more likely to feel comfortable leveraging debt to amplify returns 3) Lower liquidity without constant price meaning people less likely to sell due to fear during market downturn +i'm curious about people's feelings on cash vs. bonds in the current environment... I had been slowly getting out of the market over the last couple of years, and probably went from 90% stocks to 50% stocks, with the rest in cash. This probably represents at least 10 years living expenses in cash... From a risk and liqiudity perspective, cash seems better. I haven't been able to convince myself to purchase a bond ETF... To me it seems like getting a 2% return would be "in the noise" and comparable to what I may lose in my remaining stock portfolio any given day. Personally, I wouldn't be terribly upset if I waited the effects of the coronavirus out and reinvest the cash in 2022 or so after things may have recovered (even if the market is at record highs). +Everywhere I read says that the last recession that “was felt” in Australia - was in the early 90s. + +What do you remember from the time? I read that a few banks collapsed etc What was the most adverse effect that was felt? And what was the most adverse thing that affected most people? +The 6 month rate has been hovering around 4.5%. Let's say I have 100K. Will that buy me $104,712 of T bills and I'll get that amount back in 6 months, pocketing the difference of 4712? Or will it get me half of that (because it's 6 month maturity and 4.5% is actually an annual rate, so in 6 months I get 2.25% return). + +So confused. I thought it was the former but perhaps it's the latter? TIA, I'm new to treasuries. +After these past two red days, I’d like to take a moment to acknowledge some ways to support others. The stock market can be incredibly mentally debilitating, and I just wanted to personally use this thread as an opportunity for anyone to comment or talk about their experiences this past week, in the case they needed to. You are heard, and this community is full of good people that are hear to support you. +Regardless of your performance, I hope you had a good past week, and have high hopes for the coming one due to the holiday. +I have about $650k after taxes on hand after a recent business transaction that I need to keep liquid for various legal and business reasons. Since I can't invest this money directly in stocks (I may need to recall the entire amount with 3-5 days notice), I need to find the best place to keep it that will at least match inflation and at best get me a decent return. So far, the best I've found are Marcus or Wealthfront's 2% or 2.35% cash accounts, but I'm wondering if there are any other short-term bond funds or some other structure that could allow me to earn a bit more over the next year. Has anyone here had to park a large amount of cash for a year or more? +The thing I appreciate about red days is that it reminds me that the stockmarket is not a money printer. Some days you make a plus and some days you make a minus. + +If you invest you cannot count on the money to be there for another day. Never invest money that you need in a foreseeable future. + + +Under the terms of the transaction, each outstanding share of Aetna common stock is being exchanged for $145.00 in cash and ***0.8378 shares of CVS*** Health common stock.  CVS Health is not issuing any fractional shares in the transaction. Instead, the total number of shares of CVS Health common stock that each Aetna shareholder is entitled to receive is being rounded down to the nearest whole number, and each Aetna shareholder is entitled to receive cash for any fractional share of CVS Health common stock that the Aetna shareholder is otherwise entitled to receive. + +The transaction values Aetna at $212 per share or approximately $70 billion. Including the assumption of Aetna’s debt, the total value of the transaction is $78 billion. The combined company's shares are listed on the New York Stock Exchange under the ticker symbol “CVS.” The Aetna brand name will continue to be used in reference to the health insurance products. Going forward, Aetna will operate as a standalone business within the CVS Health enterprise and will be led by members of its current management team. + +It says it did not issue any fractional shares, but how was shareholders of Aetna given 0.8378 share of CVS? where did the share come from? +TLDR: IMO Citadel Europe lost $1bn on paper in under 2 years. And that's before we get their 2021 results. + +I've continued trawling through the operations and thought the following might provide some info that others could work from. I also feel that it has probably not has as much visibility as the US, so maybe something hiding out there... + +1. CITADEL SECURITIES (EUROPE) LIMITED - **05462867** \- is due to file their annual accounts that cover 2021 within the next ten working days (probably within the next 5 based on previous filings). So keep 👀 peeled. +2. On their 2020 reporting (released September 2021) - they had this lovely update + +https://preview.redd.it/fyxx9syh01o91.png?width=1384&format=png&auto=webp&s=4a088665309c712b5bb3e1ea3d0df07101fe9f3a + +This is on the 34th page. + +Going into 2021 Citadel Europe was carrying a $431m (all figures in '000) loss on equity contracts. This is a paper **loss of $1bn** over 2 years (Jan '19 to Dec '21). Although they have a positive position on securities, this has only increased by $70m in the same period. + +Take into account that these figures are using 'fair market valuation' at the time - so let's hope things didn't get worse for them... + +There isn't really too much before this that seems to explain this position. Everything looks quite balanced and rosy. + +3) + +But then this appears on page 40 + +https://preview.redd.it/hq0rrh9k11o91.png?width=672&format=png&auto=webp&s=0f1957c012334998325f5395d536f56258e0ada9 + +The explanation for this table is: + +&#x200B; + +https://preview.redd.it/dhsa93he21o91.png?width=668&format=png&auto=webp&s=497e62ce1ae7ed221fe3e6ce7f4ff362123fab26 + +Compare it to Jan '19 - 2 years earlier + +https://preview.redd.it/kfvfj0ig21o91.png?width=670&format=png&auto=webp&s=a4934616e8e889e28c7d6648837ebf0ef840fa50 + +And Dec '19 - 1 year earlier + +&#x200B; + +https://preview.redd.it/3b1u6ozk21o91.png?width=670&format=png&auto=webp&s=08110c1ff9e099735a432604eb77c906fd8b91eb + +My bad maths shows that they have $1.6 BILLION of derivative positions operating at a loss. They started to bet big and losing. Now these more or less are 'offset' out: + +https://preview.redd.it/farofpih71o91.png?width=1308&format=png&auto=webp&s=6f103aad7e74e81b0da34d4e67327483c9206365 + +But this really doesn't tell the whole story IMO. + +4) Offsetting derivatives is not a straight a-b = c. They are impacted by volatility, risk and liquidity. Basically with every drop in Citadel's credit rating, or volatility increase on the derivatives they hold in the portfolio being netted against, or reduction in cash which means they fail to meet a single payment needed under a master netting agreement the tight rope they are on is pulled tighter and tighter until - + +\*boom\*, suddenly the tight-rope snaps and positions are forced to be liquidated below fair value and suddenly the 'amounts offset' mean jack-all but the losses that they are tracking crystallise. + +&#x200B; + +5) Just adding this one in for fun as I think everyone knows how ridiculous this is: + +https://preview.redd.it/46lf7im6c1o91.png?width=1288&format=png&auto=webp&s=2f431d2d0d3121b607d3ee8965596c0fe503a7e9 + +$826m at Dec '20 value... let's hope there was no rebound in stocks they were shorting.... + +(All data lifted from latest annual report available at: [https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history](https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history) +This is the third post of a series of articles dedicated to investigate $1B worth of bitcoins (111,114 BTC/BCH/... BXX) that were dormant since 2014 and started moving actively. The BTC coins were originally located at this address ([1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a](https://www.blocktrail.com/BTC/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a)). + +The origin of the bitcoins is discussed [here](https://www.reddit.com/r/Bitcoin/comments/9bfnff/near_1b_are_currently_on_the_move_from_a_silkroad/). + +A deep-dive into the wallet activity was discussed [here](https://www.reddit.com/r/Bitcoin/comments/9bwsaf/investigating_the_1b_bitcoins_on_the_move_from_a/). + +Today, I will focus on the transfer to major exchanges wallets that could indicate that the owner is selling his coins or exchanging it with alts or mixing it to cover his back. + +I built a graph in order to deep dive into the transactions originated from the 111,114-BTC wallet and to follow it. This is the resulting graph were red indicates transactions <1 day, yellow <1 month, blue <1 year, green else. + +https://i.redd.it/nk3iov045vj11.png + +&#x200B; + +I found that at least 15,593 BTC originated from the 111,114-BTC wallet have been moved to Bitfinex and Binance wallets. This represents 14% of the original funds and more than $110M. + +&#x200B; + +**Bitfinex wallet** + +&#x200B; + +https://i.redd.it/m8fryy8s5vj11.png + +&#x200B; + +11,114 BTC have been transferred to Bitfinex wallet [1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g](https://www.blocktrail.com/BTC/address/1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g) and the majority of these coins have been transferred in the last 7 days (August 24th - September 2nd). + +Here is the list of the transactions: + +https://i.redd.it/8e9l0lqf0vj11.png + +&#x200B; + +**Binance wallet** + +&#x200B; + +https://i.redd.it/i1v5lv3j9vj11.png + +&#x200B; + +4,421 BTC have been transferred to Binance wallet [1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s](https://www.blocktrail.com/BTC/address/1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s) and the majority of these coins have been transferred in the last 10 days (August 21st - September 2nd). + +Here is the list of the transactions: + +https://i.redd.it/2cs6ufabavj11.png + +**Bitmex wallet(s)** + +&#x200B; + +I tracked Bitmex as well but "only" found 210 BTC transferred in with the following 6 major transactions: + +https://i.redd.it/2oondki1ovj11.png + +&#x200B; + +Also, I have found 350 BTC transferred from Bitmex wallets though, maybe after being "washed out": + +https://i.redd.it/sx2g36jnovj11.png + +&#x200B; + +***Update 1*** + +If anyone finds if the owner of this address is an exchange : [3PtJRj5xKUKJ21TshP5u2G6dQMPNz2yUSc](https://www.blocktrail.com/BTC/address/3PtJRj5xKUKJ21TshP5u2G6dQMPNz2yUSc), I would be interested, thanks. + +&#x200B; + +***Update 2*** + +Here is a full resolution version of the graph requested by u/rush717: + +https://i.redd.it/xwvn0l9yxxj11.png + +&#x200B; + +&#x200B; + +**Update 3** + +MtGox vs SilkRoad origin and September 6th BTC price impact is now discussed here: [https://www.reddit.com/r/btc/comments/9dvajr/1b\_bitcoins\_on\_the\_move\_mtgox\_vs\_silkroad\_origin/](https://www.reddit.com/r/btc/comments/9dvajr/1b_bitcoins_on_the_move_mtgox_vs_silkroad_origin/?sort=new) + +&#x200B; + +\-- + +Surprisingly BTC price was pumping since those funds were starting to be transferred to Bitfinex and Binance wallets (see Binance transactions' list, August 11th) + +How do you think this will impact the market? + +Do you want me to continue this investigation? If yes let me know what you would want me to focus on. +This is the third post of a series of articles dedicated to investigate $1B worth of bitcoins (111,114 BTC/BCH/... BXX) that were dormant since 2014 and started moving actively. The BTC coins were originally located at this address ([1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a](https://www.blocktrail.com/BTC/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a)). + +The origin of the bitcoins is discussed [here](https://www.reddit.com/r/Bitcoin/comments/9bfnff/near_1b_are_currently_on_the_move_from_a_silkroad/). + +A deep-dive into the wallet activity was discussed [here](https://www.reddit.com/r/Bitcoin/comments/9bwsaf/investigating_the_1b_bitcoins_on_the_move_from_a/). + +Today, I will focus on the transfer to major exchanges wallets that could indicate that the owner is selling his coins or exchanging it with alts or mixing it to cover his back. + +I built a graph in order to deep dive into the transactions originated from the 111,114-BTC wallet and to follow it. This is the resulting graph were red indicates transactions <1 day, yellow <1 month, blue <1 year, green else. + +https://i.redd.it/nk3iov045vj11.png + +&#x200B; + +I found that at least 15,593 BTC originated from the 111,114-BTC wallet have been moved to Bitfinex and Binance wallets. This represents 14% of the original funds and more than $110M. + +&#x200B; + +**Bitfinex wallet** + +&#x200B; + +https://i.redd.it/m8fryy8s5vj11.png + +&#x200B; + +11,114 BTC have been transferred to Bitfinex wallet [1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g](https://www.blocktrail.com/BTC/address/1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g) and the majority of these coins have been transferred in the last 7 days (August 24th - September 2nd). + +Here is the list of the transactions: + +https://i.redd.it/8e9l0lqf0vj11.png + +&#x200B; + +**Binance wallet** + +&#x200B; + +https://i.redd.it/i1v5lv3j9vj11.png + +&#x200B; + +4,421 BTC have been transferred to Binance wallet [1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s](https://www.blocktrail.com/BTC/address/1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s) and the majority of these coins have been transferred in the last 10 days (August 21st - September 2nd). + +Here is the list of the transactions: + +https://i.redd.it/2cs6ufabavj11.png + +**Bitmex wallet(s)** + +&#x200B; + +I tracked Bitmex as well but "only" found 210 BTC transferred in with the following 6 major transactions: + +https://i.redd.it/2oondki1ovj11.png + +&#x200B; + +Also, I have found 350 BTC transferred from Bitmex wallets though, maybe after being "washed out": + +https://i.redd.it/sx2g36jnovj11.png + +&#x200B; + +***Update 1*** + +If anyone finds if the owner of this address is an exchange : [3PtJRj5xKUKJ21TshP5u2G6dQMPNz2yUSc](https://www.blocktrail.com/BTC/address/3PtJRj5xKUKJ21TshP5u2G6dQMPNz2yUSc), I would be interested, thanks. + +&#x200B; + +***Update 2*** + +Here is a full resolution version of the graph requested by u/rush717: + +https://i.redd.it/xwvn0l9yxxj11.png + +&#x200B; + +&#x200B; + +**Update 3** + +MtGox vs SilkRoad origin and September 6th BTC price impact is now discussed here: [https://www.reddit.com/r/btc/comments/9dvajr/1b\_bitcoins\_on\_the\_move\_mtgox\_vs\_silkroad\_origin/](https://www.reddit.com/r/btc/comments/9dvajr/1b_bitcoins_on_the_move_mtgox_vs_silkroad_origin/?sort=new) + +&#x200B; + +\-- + +Surprisingly BTC price was pumping since those funds were starting to be transferred to Bitfinex and Binance wallets (see Binance transactions' list, August 11th) + +How do you think this will impact the market? + +Do you want me to continue this investigation? If yes let me know what you would want me to focus on. +Hello PF, + +My wife and I were married on April 16th this year. Obviously, this was a very busy time for both us and our accountant. + +My wife pays estimated quarterly taxes, as a self-employed attorney. She hired an accountant to handle her year-end work, as her K1 from her law firm wasn't in yet and she knew she'd need to navigate through extensions and whatnot. + +The accountant offered to pay her taxes while we were on our honeymoon and said that we could pay them back when we got back in town. She's just been transitioning back into private practice and hasn't made much yet, so we were only anticipating a tax bill of around $4k. + +When we got home we found out that the accountant had paid $17k. He forgot to take the quarterly payments into account. At no point during this process did he or anybody from his office ever mention to my wife that they were paying a $17k bill -- my wife would have known something was wrong and put the brakes on that immediately. + +The accountant is now saying that we are responsible for cutting him a check for the full $17k right away. That doesn't seem fair as it was his mistake in the first place that made the payment so high, and that their failure to confirm the amount with my wife would have stopped the problem as well. + +We are meeting with the accountant tomorrow morning. What are my options here? Why can't he just get the overage back from the government? My wife and I weren't exactly prepared to be paying a year of taxes in advance. +Konzum, Croatia's largest supermarket chain, has just introduced an option to buy groceris with crypto in their on line stores. You can pay with Bitcoin, Ethereum, Bitcoin cash, EOS, DAI, XRP, Stellar Lumen, USDT, and USDC. + +Their future plan is to implement that in physical stores. + +This is being implemented in cooperation with croatian fintech company Electrocoin anfmd their system PayCek + + +I would post a link, but I couldn't find any news in english yet. + +I hope that Wallmart and all other huge supermarket chains will follow soon. +THIS WAS NOT A SQUEEZE OR GAMMA SQUEEZE OR ANYTHING LIKE THAT + +This was the simple T+21 FTD cycle repeating itself, again. Only higher. Seriously, look up the last +21 cycle day, April 26th. We also had a green dildo that day. + +Next T+21, June 23rd, is going to be even more insane. + +Now, imagine when they actually have to COVER all the shares they counterfeited and shorted, again and again... today's gains will be nothing in comparison. + +It's just a matter of who holds longer. Apes or billionaire hedge funds. + + +EDIT: next T+ 21 might be June 24th because there is a holiday in between. +I’m considering selling puts on arkg $109 strike feb19 + +I really don’t mind owning 100 shares at that price, and I really see the gnome sector taking off. But it would be great to just take the $500 premium as well. + +Just thought I’d ask some more experienced guys before I do it. +Thinking about buying a foreclosed property in SC. I’ve never done this! +Any tips? +Did you use a broker? +Have 30% to put down, + $ for renovations, need mortgage for the rest. + +Who do you recommend for mortgage? Big company, local bank, mortgage broker, credit union? +Contact inspector before offer? Research those building records? + +TIA +I'm not looking to rent these out, they're technically "vacation homes." But I wouldn't live in them. My parents would live in them. Does getting them all on one mortgage make it more affordable or something? + +Condos would be good too, provided there was enough space between them. +What info do appraisers know before they show up on site for their appraisal appointment? Are they aware of the purchase price on the contract? + +I'm just curious how objective their appraised value is. Not knowing the purchase price would certainly be helpful to make their opinion more objective, but I could see how that might cause some issues from the lenders perspective... +I'm interested in purchasing a rental property and early in my research discovered the 1% rule. For those unfamiliar, the premise is that to ensure profitability you should rent your place for no less than 1% of your all in purchase price. + +But how the hell is anyone doing this?? + +I've looked at condos/apartments/townhomes in metro areas in Utah and New England but purchase prices aren't aligned with the rental market. + +Should I set this idea aside until the next crash or am I missing something big? +We have a very nice two family building, 3 bedrooms/ 2 full baths, in unit laundry and so on. Down the line, we're wondering if it would make sense to convert the building into two condos, splitting the property into two PINs. + +Has anyone here done that before? + +We're located in Chicago. +A good form of money doesn’t need corporate branding. It doesn’t need a social contract of what it should be used for baked in. It’s just good money. + +I’m happy they’ll begin accepting Bitcoin soon, but the last thing we should be celebrating is Bezos trying to create his own monetary supply. You’d just be swapping one corrupt master of money for another. + +Crypto is a tool to free the common human from the would-be-oppressor oligarchs. Don’t forget that please. +Let me preface this by saying I've got 2 years worth of screentime and experience and have studied and gone through some reputable price action trading courses and no matter what I do, I still end up losing money. Risk management for me has always been 2 to 1 reward to risk known commonly amongst the trading community as "R". I always look to go with the trend looking at the 1hr and daily charts first for a setup and then drilling down to a lower 1-15min timeframe for an entry and also using premarket charts to help depending on if there's a pattern. It does not matter what I do or how well I prepare I still end up losing overall. I feel like 2 years of my life+money have been wasted trying to figure this sh\*t out and be consistent but have had zero success. I am convinced that MM's can see your orders and stoplosses and trigger you out of your trade because like in casinos, the house always wins the retail trader will never win. I'm pretty much ready to give up on what feels like pipe dream. +I broke up with my ex-partner a couple of years ago. She was having a lot of financial difficulties at the time and was in £6k worth of debt. + + We had a joint account at Lloyds which we used for paying bills. When we broke up we stopped using this account where it has laid dormant since. I did try to close the account but this was such a faff that I gave up. The last activity in this account before today was May 2019. + +Unfortunately tonight I have made a complete pigs ear of a transaction. In attempting to move £550 from my current account to another savings account I accidentally transferred it into this dormant joint account. + +When I tried to move it back again it said I couldn’t do this online and to ring a number. + +After nearly an hour on the phone with Lloyds it transpired that the account has a bankruptcy notice on it, and they couldn’t move the money back over the phone. I was advised to call the dedicated bankruptcy team in the morning. + +I haven’t been in contact with my ex in about a year and am not keen on ever speaking to her again. I looked at what public information was available online and can see that she filed for bankruptcy in February 2020 and was discharged in February 2021. To my knowledge she had no debts with Lloyds. + +So what are the chances of me getting this money back? Will they refund it as a simple mistake or will they claim that the money is now hers too by rights and seize it to settle her debts? + +Appreciate it was a daft mistake and in hindsight I should have disassociated myself from the account years ago but that is by the by now. +\*Directly from the Network + +Take for example + +iPhone 12 128gb - [from Affordable Mobiles](https://www.affordablemobiles.co.uk/apple/iphone-12-128gb-blue): £43/pm for unlimited everything on Three + +Direct from [Three: £58p/m w/ £49.99 upfront fee](http://www.three.co.uk/iphone/iphone-12/plans?bundle=handset&colour=blue&memory=128) + +How does Affordable mobiles make money while undercutting? +As the title says. The entire Helium network was down for close to 32 hours because a "superblock" overwhelmed validators which caused a network bottleneck. + +I figured I'd head to /r/CryptoCurrency to gain some more information on what happened. + +Do you know what information I got? + +Nothing. Zilch. Zero. + +The largest IoT solution in the crypto space 41st largest crypto, and one of the few in any space that actually has paying customers goes down for 32 hours and there isn't a single word on /r/CryptoCurrency. + +What is the point of this subreddit? What are we doing here besides mining moons which is a dumb crypto anyway. Who would pay for karma? +I've been in Bitcoin since Dec 2010 and I've made and lost a lot along the way, on both Bitcoin and various shitcoins. + +For me crypto has always been mostly about the Libertarian philosophy and a way to try to cling on to some autonomy and freedom in an increasingly unfree world, but seeing fiat values increase is always fun as well. 🙂 + +Anyway, I like this subreddit and have mostly been a lurker here until today, although I do comment occasionally. + +**I want to share a token with you that I've invested in and believe has the potential for at least a 25x but maybe 100x or more.** + +**Bifrost - $BFC** + +It's a small cap token that I believe is massively undervalued because the use case will be **huge** in the coming years. + +*Bifrost are building what could best be described as an SDK (Software Development Kit) for developers that functions as a bridge between different blockchains.* + +We all love Ethereum because it was first with smart contracts, and most of us have done very well from investing in ETH. + +However, apart from the scaling issues and ridiculous transaction fees that we're all so acutely aware of, Ethereum also has some other issues. + +One such issue is that it's very easy to build smart contracts on Ethereum that are insecure. Not because you're meaning to, or even because you're a bad programmer, but just because of how Solidity works as a programming language.🤷‍♂️ + +Anyway, this isn't going to be a massive post comparing the new blockchain networks, so sorry about the rant!🙄 + +**Let me get to the point:** + +It's quite hard to know which chain is going to win. I like Avalanche and Elrond and Solana and even Cardano (although I feel they're too slow with development), but I also like Ethereum! + +I'm not a developer but I've hired many over the years and even though some developers have their favourite chain, many are still conflicted. + +This uncertainty in combination with Ethereums scaling problems makes it hard for new DeFi (and other projects) to decide which chain to build on. + +**Bifrost solves this problem in an elegant way.** + +When you're using Bifrost you can build Dapps across more than one chain, so you can put some functionality on one chain and some other functionality on another, and Bifrost will make everything work seamlessly in the background.🙂 + +**There are others doing similar things such as **$REN** but REN has a market cap over $1 Billion, whilst Bifrost has a market cap below $20 million...** + +So why has Bifrost been forgotten? Don't they have enough competent developers? Are they behind the curve or building something worse than $REN for example? + +**I don't think so...** + +Bifrost has an entirely South Korean team, and they don't do any shilling to speak of, at least not in the West. In fact I can't see that they've done much of any marketing at all so far.🤷‍♂️They've just been building their product. + +*They have at least 12 full time developers that I know of, maybe more, plus designers and many other staff. It's a reasonably big project, and I think what they've been quietly building in the background could revolutionize the DeFi space in the coming years.* + +This is not only because they have a good product that solves a massive problem for anyone wanting to build a project in DeFi and don't like the compromisises that come with each chain. It's also that they are almost finished with their SDK. Even though they are using their own programming language for Bifrost, **the SDK means that it will be very easy for developers to connect a Dapp across two chains.** + +In my opinion the market cap of Bifrost should be **at least $200 million** today, *without* the upcoming news that's coming in less than 4 days. That would put the fair value of this project at 10x the current price. + +The thing is that something *BIG* is also going to be announced in less than 4 days. They haven't yet said what it is, only that they are making a big announcement on March 6th... + +**I'm going to take a punt and say that they are going to announce on March 6th that they've now incorporated Bitcoin into Bifrost as a working product!** + +**I could be wrong**, but I know they've been working on this for some time now. + +Whoever becomes the first one to create a bridge between Bitcoin and Ethereum, (so developers can build Dapps across both chains), is going to have a **massive advantage,** and I believe this will be huge news if this is indeed the announcement. + +So today on March 2nd **Bifrost $BFC** (be careful there are shitcoins using the same tag, always copy the contract code from Etherscan when adding it to your wallet/Uniswap!), cost less than $0.05 (5 cents), and the market cap is less than $20 million. + +**My prediction is that if you see this post for the first time in 3 months (say beginning of June 2021) the price for Bifrost will be AT LEAST $0.50 and the market cap $200 million, and if you check back in 12-18 months, (March 2022) I bet the market cap will be more than $2 Billion and Bifrost will cost you around $5 to buy.** + +Please come back to say thank you when you've become rich in fiat thanks to this post, and may all your coins moon! 🙂🚀🚀🚀 + +PS. Although I've invested in Bifrost I'm not trying to *"shill this token"*, simply because I don't need to, Bifrost will eventually rocket anyway at some point.🤷‍♂️ I've also not posted this anywhere else, so you guys are the first to see it. I just enjoy this subreddit and wanted to give something back. Enjoy.🙂 + +**Edit: Sorry I wrote this post last night when the price was below $0.05 but didn't post it. The price has now started to move a bit.** +bogged finance an actual decent coin/project. So I heard about this project on this sub. And decided fuck it why not. So I put a bit of money in it. + +I've risked a couple dollars into it and its been good. Bought some more this morning. + +While being on this sub I've seen so many trash coins and lost money trading it. I've seen all the safe coins (safemoon, safestar, safemars, safepluto and I reckon their more coming). I also seen the rug pull (TDI). + +I know we all want 10x in a day but in a space of a day coins like that can do 10x and then dump below where they originally started. + +I've held bog for about a week now and I've seen my money double it's and exponential growth coin and I see it has space to grow further. It's already listed on coingecko. + +Its currently at about $4.5 so much more realistic compared to all these coins with 10 zero and $10 is worth like a billion of the coin ( like really you think it is going to get to 0.0001 ?) + +Bog is an actual safe coin. Not something that's going to give you anxiety on whether the coin you bought has gone from 0 to 0 or 0 to 0 +This will be short and sweet. I have been a government employee. I served in the US Air Force. You want to know what happens if you fuck up or brake the law as a member of the armed forces? You get discharged, or worse. A single DUI can serve as plenty depending on the circumstances. Yet, we have publicly elected officials breaking the law (trading laws) on the regular and what happens? Literally nothing. Actually the opposite, they get payed. + +We have men and women sacrificing their literal lives at times, for a hell of a lot less money, and then we have officials that are supposed to represent the best of us lying, cheating and stealing on the regular. One is held to a high standard, the other gets a free pass? I am not saying one party or another, this isn’t a political issue, it’s a systemic one. High level officials, fuck, the vise president herself. What is going on here? + +We know how to enforce this, it’s not hard. “Hey looks like you broke the law, and our elected officials are not allowed to do that, not even once. You are terminated effective immediately.” +Guess what happens next, others stop doing it because they will lose their jobs. Presto. I’m not even smart and I can solve this problem. ENFORCE OUR LAWS, they aren’t “soft” guidelines, they are the laws that protect our systems and our politicians need to obey these law at all times or they need terminated. + +(There are obviously good politicians, but what’s happened to those who traded illegally during Covid? Some profited off the downfall of the people they represent. It’s sickening) + +How is this tied to GME? Because it’s this bullshit that prevents action. It’s these revolving door relationships that have created this mess, that have prolonged it’s repair. Why fix something that that pays you more, simple answer; you don’t. + +Am I crazy? Am I missing something? Sorry for ranting, just having one of those days when I am saddened by the state of things, but I love all of you for taking a stand. Sometimes it seems like small work holding a stock, but it’s more than that. It is to me anyways. We can all have our reasons. These are some of mine. +Circle in cahoots with the US govt is freezing any USDC that have been associated with Tornado cash mixing in targeted Ethereum addresses. + + +This is 100% centralized since they can freeze any USDC in any address they choose. + + +Tether is no different as they have a freeze function as well. + + +If you want a stablecoin with no freeze function, DAI would be the answer or any stablecoin with a good collateral backing, stay away from algo stables. +We are happy to announce that **🍩 Donut Quests 🍩** is open for **beta testing!!** + +We're calling all Ethtrader's to give it your best shot at [https://www.donutquests.xyz/](https://www.donutquests.xyz/) and then report back. Anyone who interacts with the contract before it closes (March 31, 11:59 UTC) may find themselves earning something extra...probably nothing XD. + +&#x200B; + +https://i.redd.it/snp8celqs4p81.gif + +**🍩 What is/are Donut Quests?** + +​ For background, the [Donut Quests](https://www.reddit.com/r/ethtrader/comments/ombg8a/donut_initiative_xdai_defi_quests/) initiative was was the very first r/Ethtrader Donut Initiative, proposed about 8 months ago. The goal was to encourage our users (especially new users) to experience the ethereum ecosystem and learn about DeFi, staking, lending, NFTs and lots more by completing quests and earning rewards on side-chains and L2s with near zero transaction fees. + +After a bit of a hiatus, the project was picked back up and is now ready for some testing and fine-tuning! At this point, we have ~~4~~ 2 quests available, but more can and will be added in the future. The site design is still in the works, but the contracts and web3 integration should work as expected. + +Please check out the dApp ( [https://www.donutquests.xyz/](https://www.donutquests.xyz/)), claim some rewards, and then stop back here to share your thoughts! + +&#x200B; + +🚨 **Need some help?** + +u/Jake123194 posted a great guide for all the current quests [here](https://www.reddit.com/r/ethtrader/comments/tfulq9/donut_quests_guide/?utm_source=share&utm_medium=web2x&context=3). We can also answer questions below. + +\*\**Please note, the two Quests related to Agave are paused right now as the Agave reviews the implications of the recent exploit.* + +&#x200B; + +Lots of thanks to everyone who helped and continued to help, especially u/UrMumGaEe, who did the majority of dev work on this! +Guten Tag to this global band of Apes! 👋🦍 + +Apes, it is truly an honor to be able to write here each day. +You consistently make the comments energizing to read. +Seeing the many flags of the world, each representing Apes who are inspired to gather daily and encourage others makes this a highlight of my day. +Thank you for being here each day. + +As we close out another week, let's appreciate the community that we have and prepare for a FUD-heavy weekend. +With the marketplace expected before the end of the quarter, the launch is rapidly approaching. +As the markets continue to figure out whether to crash now or later, we can rest assured that GameStop is well-prepared to navigate the uncertain days ahead. +And finally, if you haven't yet DRS'd your shares, there is no better time than now to get them to safety. +Don't wait for your broker to fail to decide that DRS would have been a good idea. + +Today is Friday, June 24th, 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: **$140.56 / 133,95 €** *(volume: 952)* +- 🟩 115 minutes in: $140.56 / 133,95 € *(volume: 906)* +- 🟥 110 minutes in: $140.07 / 133,49 € *(volume: 873)* +- ⬜ 105 minutes in: $140.56 / 133,95 € *(volume: 817)* +- ⬜ 100 minutes in: $140.56 / 133,95 € *(volume: 817)* +- ⬜ 95 minutes in: $140.56 / 133,95 € *(volume: 813)* +- ⬜ 90 minutes in: $140.56 / 133,95 € *(volume: 810)* +- 🟩 85 minutes in: $140.56 / 133,95 € *(volume: 768)* +- ⬜ 80 minutes in: $140.55 / 133,95 € *(volume: 758)* +- 🟩 75 minutes in: $140.55 / 133,95 € *(volume: 758)* +- 🟥 70 minutes in: $140.55 / 133,94 € *(volume: 758)* +- 🟥 65 minutes in: $140.74 / 134,12 € *(volume: 660)* +- 🟥 60 minutes in: $141.07 / 134,44 € *(volume: 612)* +- 🟥 55 minutes in: $141.15 / 134,51 € *(volume: 612)* +- 🟩 50 minutes in: $141.18 / 134,55 € *(volume: 612)* +- 🟥 45 minutes in: $141.18 / 134,55 € *(volume: 606)* +- 🟩 40 minutes in: $141.47 / 134,82 € *(volume: 299)* +- 🟥 35 minutes in: $141.44 / 134,80 € *(volume: 274)* +- 🟥 30 minutes in: $141.48 / 134,84 € *(volume: 274)* +- 🟩 25 minutes in: $141.50 / 134,86 € *(volume: 174)* +- 🟩 20 minutes in: $141.49 / 134,84 € *(volume: 174)* +- 🟩 15 minutes in: $141.40 / 134,75 € *(volume: 174)* +- 🟥 10 minutes in: $141.35 / 134,71 € *(volume: 174)* +- 🟩 5 minutes in: $141.46 / 134,81 € *(volume: 150)* +- 🟥 0 minutes in: $141.45 / 134,81 € *(volume: 65)* +- 🟩 US close price: $142.02 / 135,35 € *($141.00 / 134,38 € 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 1.0493. 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! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I keep seeing technical analysis posts. I think we’re in agreement that we can’t see much of the trading as it doesn’t occur on the public market and that counterfeit shares are being created on the regular. So how can any technical analysis be valid? + +(Hodl!) +As we face the imminent end of the pandemic restrictions in the US, I find myself anticipating the return to the “normal” corporate grind with significant apprehension. For many outside of tech, including me, this will entail the resumption of daily commuting, weekly air travel, generally sitting in a lot of traffic daily, uncomfortable business attire, and other such bullshit. + +Despite working perhaps more total hours over the past year (combination of good year in my industry and the work/home blurring that has been much written about), I was able to have breakfast with my family and put my kids to bed almost every day which has been a blessing. With some discipline (exercise, etc.), I also found myself with generally more energy, likely from the that which I didn’t have to expend on above bullshit. I sure miss social contact, meeting clients in person, and natural breaks in the day but overall I can’t shake the expectation that the “return to normal” will be a net negative. + +How are you anticipating the return to the normal corporate grind? If you are FatFI or close to it, or have been constantly moving goal posts, how is that changing your views on RE? + +Edit: clarified relation to FatFIRE in last sentence +Hi all, + +Just wanted to thank everyone on the forum over the year providing me support. + +Just a bit of a background on me, 27m I had a bad gambling addiction for most of my life, never saved, went through massive depression with a breakup and turned to alcohol, Decided I wanted to change things in 2020 and saved through the flowchart and your help, saw a therapist and stopped gambling and limited my drinking to sociable levels. I’ve now managed to save up to 17.5k in a year with 10k in my LISA and 7.5k in my emergency fund which I don’t feel is a lot but better then nearly being in debt last year at this time. This would of never happened without your help and support. I’ve also managed to buy some nice Xmas presents for the family for once which has made me feel positive after the year we’ve had. + +Thanks everyone and hope 2021 is better for all of us! +I’m looking for some advice on my current situation: + +$500k cash - usually not this high, but just received a bonus. + +$280k annual income - I will probably leave my job, I founded the company and sold it, I’m still working for the acquirer. I enjoy it, but makes me too comfortable. I work about 20 hours a week, but feel guiltily for not being 100% there. + +$3M in property ($100k cash flow & projects in progress, cash flow will probably double in 3 years). This is after debt. It isn’t immediately liquid, but I could borrow against it. + +$2.4M stocks - I’m managing this. I started with $450k in 2018. I took out $1M to diversify into real estate. I have been very aggressive and risky, which paid off, but I don’t enjoy it. + +$1M investments in private businesses. $200k in safer funds and the rest in startups that will either 10x or be 0. After I sold my company, this strategy made sense to me because it was all I knew. I mostly regret these investments after discovering how simple investing in a safe ETF is. + +A couple of ideas I’m thinking about: + +1. Doubling down on the company I sold. There is potential to spin out and sell again. Over 4 years, for me personally, I think I the max potential is $20M, minimum would be $2M. This would be a lot of work and probably my only focus at 50-60 hours a week. + +2. Joining up at one of my start up investments. They are doing well and I could capture 1-2% equity. I’m not super passionate about this, but could be a big financial windfall in 5 years. + +3. Getting a job at a FAANG company. My experience and current position could land me a job at a VP level. I’m assuming $500k+ potential annual income. + +4. Focusing on stocks and spending less. I like to travel and I would probably spend too much money with all the free time. + +5. Starting a lifestyle biz full time. I’ve always wanted to buy luxury real estate and Airbnb them out. I would use a third party management company, but do the rehab myself (I enjoy this). I will probably do this on the side because of the tax advantage of having a business that meshes with my lifestyle. This won’t exponentially grow my NW, but it’s the passionate option. + +Should I reallocate my wealth? Which option would you chose? Should I consider another option? Risk doesn’t bother me. I started with nothing and I could do it again, but obviously would not prefer to. I’d like to have $20M net worth in 10 years. +I know a lot of you guys want to retire in your thirties or forties, but I’m pursuing FIRE to maximize my standard of living. I want to go on opulent vacations to exotic places, have expensive hobbies, have a nice house built on some major acreage, and have kids. + + +It doesn’t matter to me if I retire in my mid fifties, I’m totally fine with working for 30 years to maintain a very high standard of living. + + +I’ve done estimates on how long it’ll take me to retire, and according to my spreadsheets, I should be able to retire with $125,000 per year by the time I’m 55. I figure that’s enough for me to basically do what I want when I’m older, and even help my family if I need to. + + +Do you guys feel the same way, about keeping a high standard of living? Or do you just want to retire early? +Hi all + +I'm currently renting an apartment in the bay area (my share is around $1600 a month) and lease is about to end. I checked my latest paycheck ending 10/31 and realized YTD I've been taxed around $7k for California taxes so probably 8.2K by end of this year. + +If I move to a no income tax state, is this the same as saying I'm essentially giving myself an 8.2K raise? + +Has anyone had a good or bad experience moving out of the bay area and what city did you move to? For me, it seems like a no-brainer to get out of here since I can't seem to job switch to get a bay area salary, plus probably lower rent in any other city, and moving costs are probably negligible. My only concern seems convincing my significant other. + +FYI - I work remote, so my current job isn't affected. +[Source](https://www.prnewswire.com/news-releases/vanguard-announces-plans-to-launch-total-world-bond-etf-300651727.html) + +[SEC Filing here](https://www.sec.gov/Archives/edgar/data/1021882/000093247118006048/mergedscottsdale485a052018.htm) + +> VALLEY FORGE, Pa., May 21, 2018 /PRNewswire/ -- Vanguard today filed a preliminary registration statement with the Securities and Exchange Commission for Vanguard Total World Bond ETF. The ETF will be the industry's first U.S.-domiciled index product offering investors access to the entire global investment-grade bond universe in a single portfolio. It is expected to launch in the third quarter of this year. + +> The fund will be structured as an ETF of ETFs, investing directly in two existing low-cost ETFs: Vanguard Total Bond Market ETF (BND) and Vanguard Total International Bond ETF (BNDX). This structure enables the Vanguard Total World Bond ETF to achieve immediate scale by using existing exposure from the underlying ETFs and is expected to result in tighter bid/ask spreads and lower operating expenses than investing directly in the benchmark's constituents. The approach is similar to Vanguard Total Corporate Bond ETF (VTC), which launched in November, 2017, and invests in Vanguard's existing short-, intermediate-, and long-term corporate bond ETFs. + +> "With the Total World Bond ETF, Vanguard will be the first firm to offer U.S. investors a single index product with exposure to the entire global investment-grade bond universe," said Vanguard Chief Investment Officer Greg Davis. "It will be simple, convenient, and highly diversified, with an expense ratio in line with our current low-cost fixed income ETFs." + +> The new ETF seeks to track the Bloomberg Barclays Global Aggregate Float Adjusted Composite Index and will have an estimated expense ratio of 0.09%. + +This plus total word (VT/ VTWSX) will truly be a set it and forget it fund. Now if only they would offer Admiral shares of VTWSX... +So I've worked minimum wage jobs pretty much my whole life. I've spent the past 8 years working at Coles. I'm 31 and realising I cannot do this forever. I don't want to, I'm earning 40k a year living in Sydney with hopes to someday buy a home and my body is breaking down. I've stayed working these jobs because they've always been extremely flexible, I've made friends at these places, I pretty much became "too comfortable" but I have fears of transiting into something else. Lack of confidence I guess especially with no skills. I know everyone will just say to take a course and learn and it's an obvious answer yes, but I guess I need a good kick up the A to get me started. I'm always thinking of failure but time is ticking by. Maybe I need a firm talking to. + +Do I chase money or passion? Passion (working with animals) can bring me in 40-80k but there aren't daily listings for this type of work. Money obviously would bring in more but I'm not sure if I could handle a corporate environment. I'm defiantly not one of 'those' people. + +Can anyone please tell me your stories and experiences with changing careers at an older age. I need some motivation. Has being a job hopper into different careers helped you? Did you try something you didn't like but then ended up liking the new career? Have you got any advice for someone like myself? +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Jul 07 2022): **174.05** + +---- + +→ Change from 2020 peak to now: **+27.0%** + +→ Change from all-time high to now: **-1.5%** + +→ Change from now for prediction to be correct: +**-60.6%** + +---- + +⇒ Average monthly change since 2020 peak: **+1.3%** + +⇒ Average monthly change since all-time high: +**-0.7%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +I’m developing a mixed use mid-rise building for 2022. It will have 75 apartments and ground floor commercial and is an infill location. + +As a result of Covid, we’ve already changed our typical project. All units will be “work from home” ready with the addition of a desk nook in each unit. We are also providing upgraded HVAC which is covered by a grant. + +But my question is this - how else has the world changed? What have you seen or what can you envision for the next generation of multifamily living? All ideas are welcome and please suggest vendors if known. + +Here are some categories that I’m investigating but I may be missing things: + +-Phone apps to control locks, HVAC, lighting, rental payment + +-landlord provided broadband wifi and bundled streaming cable/content + +-Providing common area “maker space” for art, music, multimedia + +-drop off area and shelving for food/grocery deliveries + +-food truck parking area + +What other ideas have you seen or would you like to see? + +Edit: the apartments are for rent. The location is commuter friendly - convenient to good tech jobs and shopping. While we will rent to anyone, the likely tenants are younger working professionals without kids. +There are probably 3-5 posts per day from users who do not know how to use the search feature asking "What stocks are going to rocket in 2021" -or- "What stocks should I invest in?" + +Holy shit people, use the damn search feature on Reddit. + +These posts are mostly useless. For one it's a huge circle jerk of individuals pumping their own stock holdings. Two, you shouldn't willingly take advices from random individuals on the internet. Lastly, use the god damn search feature. Multiple posts like this degrade the subreddit to some degree. + +Edit: Wow, this blew up. So I just want to clarify something. I don't mind those type of posts if it were less frequent. It's the people that constantly post and ask the same shit every single day that gets to me. Yes, I can just ignore them but... my OCD man. + +/End Rant +As title says, my new job pays every 4 weeks instead of once every month - so there are 13 (slightly smaller) salary payments per year instead of 12. + +I’ve never had this before, it feels unusual. I’m not sure how to plan for my mortgage payments now (I was previously paid on the last working day of the month, mortgage payment comes out on the 1st of each month so there way always money in my bank to pay it). + +Has anyone else experienced this before and if so, how did you change your budgeting for making monthly payments? + +Thanks. +When should you sell a dividend stock to take advantage of a share price increase? + +Say, you buy a stock for its 4% yield, and a couple of months later, the stock is up 10%. Why not sell and purchase a stock or ETF with a 3% yield? + +What are the key points to consider? +/u/dlauer will be in a [Twitter Space call with Gary Gensler](https://www.reddit.com/r/Superstonk/comments/zlupr4/massive_market_structure_changes_and_direct/) where he can discuss ideas and ask him questions. +If Gary is being genuine and truly wants to fix some of the issues plaguing the US stock market system, very few individuals can point him in the right direction as Dr. Susanne Trimbath. +One of the most knowledgeable individual we have. Helped create the direct registration system, worked at the Federal Reserve Bank of San Francisco, served as a manager in operations at DTC in New York. She has been pushing for change on issues like FTD, dark pools, PFOF. Naked short selling – for years. + +Please reach out to them and let’s see if we can make this happen, Getting her in the call with dlauer and Gary is one of the most important thing we can make happen in my humble view. + + +https://twitter.com/dlauer +https://twitter.com/SusanneTrimbath +In January 2018 Ether hit its all time high of ~$1400 USD. + +Back then Single Collateral DAI (SAI) was only a month old (1). There was hardly any backed stable coins on the net. Today there is 7.3 billion USD of stable USD tokens on Ethereum, including 114 million of multi collateral DIA. (2) + +The most famous DAPP was Cryptokitties. + +The biggest DEX was EtherDelta with a fully onchain order book. Today, Uniswap has 7 million dollars of transactions each day (3). Loopring is scaling up to handle as many transactions as a centralized exchange by using onchain proof of off chain computation up to ~2000 trades/sec. (4) It currently is operational but only has 8 million USD on the DEX. + +Back then the only known DAO was TheDAO. Today, Aragon actually works. I encourage you to take it for a spin on the Testnet. + +Today, marriage licences are being certified and emailed. (6) + +The biggest change in usability is that mobile wallets like Argent and Gnosis Safe can abstract away the need to carry ether in externally owned accounts to pay for gas. This can significantly simplify the user experience for onboarding. + +If you liked Ethereum at $1400, it has much more utility today, despite being $240. + +(1) https://blog.makerdao.com/making-maker%e2%80%8a-%e2%80%8adecember-2018/ + +(2) https://usdonethereum.com/ + +(3) https://uniswap.info/home (counting V1 and V2) + +(4) https://loopring.org/#/about + +(5) https://defipulse.com/ + +(6) https://ssl.utahcounty.gov/dept/clerkaud/DigitalCertCopy.html +Nothing. It means literally nothing at all. Expect a dip, expect them to drop it with family gatherings upcoming. Buy the dip, DRS that shit, and HODL. + + +250 character minimum fulfillment. + +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +[A Theory of Optimum Currency Areas](http://www.aeaweb.org/aer/top20/51.4.657-665.pdf) + +Summary: + +> This paper explains that selecting the optimal geographic area for a single currency involves balancing two considerations. Macroeconomic stability is enhanced +if the currency area has a high degree of internal factor mobility relative to the +cross-border factor mobility. Taken by itself, this could lead to an excessively large number of currency areas, in the sense that there would be substantial transaction +costs and valuation costs involved in making cross-area purchases. The optimal size +of a currency area involves balancing these two considerations. Mundell discussed +the potential application of this to the European countries some 30 years before the +euro was introduced. +I’ve gotten to a place where I am comfortable and relatively confident with every trade I make. Feel like I’ve conquered most of the psychological hurtles that have been setting me back, which is great! + +But! I am still struggling with a couple hurtles, and I was hoping some seasoned career traders could offer some advice. + +1- Still struggling with cutting trades too early for no reason other than fear of not locking in profits. My confidence wavers. +Good example is this morning. Entered long on ES at 4560.75 with a two point mental stop. Expected price to fill yesterdays value area (it did, and then some) so I set that as my profit target. Yet I cut the trade when price started consolidating around yesterdays POC and walked away with 7 points. Yeah, it was still a good profitable trade, but the trade was still valid when I cut it. Had I stayed in, I would have grabbed another 10 points. +I trade single lots, so I can’t really shed my position. + +2- I have a bad habit of not taking valid trades due to fear of giving back profits. I know defensive trading isn’t necessarily a bad thing, but I’m definitely leaving money on the table. + +3- I want to increase my position size, but holy fucking shit, every single time I do, I cut the trade at the first sign of trouble. Big fear hurtle here, and it’s really hurting my development. + +In summation, I’m a scared little bitch and can’t get over it. + +Any advice is greatly appreciated! +I've begun a portfolio with ajbell you invest where I'm invested in a ftse100 tracker and a 259 small cap tracker in equities. +Both have gone up by about 11% over the last three years but I'm loathe to dunk a sum I am likely to use as a property deposit in the next two years in anything that might show volatility over brexit. + +What would you do? Enlightened people of UK investing? +Does anyone think the share price decline in Moss Bros is overdone? + +They have issued two profit warnings in a row, the 2nd due to supply chain issues and the weather in the first part of this year, which both seem temporary. However, they remain profitable, and have a great balance sheet (lots of cash and no debt). They've cut the dividend but it's still about 8.5% at the current share price. + +The question is, are their issues just temporary, or have they been caught on the wrong side of consumer trends? Does anyone shop there? +> Despite the coronavirus scare, private payrolls rose by 183,000 in February, well ahead of Wall Street estimates for 155,000. + +> Growth was concentrated in big businesses, which added 133,000. + +> January’s number was revised down sharply, from an initially reported 291,000 to 209,000. + +https://www.cnbc.com/2020/03/04/adp-moodys-private-payrolls-february-2020.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +# [Lucy Komisar and Wes Christian Live AMA](https://www.youtube.com/watch?v=q8-JO3g5bm4)4:30pm EDT _________________________________________________________________ + +# Closing this thread 15 minutes after the AMA +Yesterday the Reddit devs made a [suggestion](https://www.reddit.com/r/ethtrader/comments/aj9hz5/daily_general_discussion_january_24_2019/eets6dx/) for how we could address the issue of potential donut buying to influence polls. The solution works well with the existing design of donuts and will be a fast and efficient to implement. Basically when we are allocated donuts, 51% have always been locked away and are not transferable (this was the initial protection from potential vote buying). Until now poll voting has been weighted by your full donut balance. The change would be to only weight by your locked, un-transferable 51% balance. You, likewise would not be able to increase your locked (voting) donut balance by "obtaining" them in another way. Importantly, vote weighting ratios between users would stay the same as if trading never occurred. + +[View Poll](https://www.reddit.com/poll/ajdnxf) +Today was one hell of a drop for the opening of the share market. I mean no one can predict the bottom but some shares right now are at a absolute bargain? + +What’s everyone doing? Sitting on the sidelines, or just putting some money here and there? +**Use this** [**r/place template link**](https://halfdane.github.io/rplace/) **so we can work as efficiently as possible**: [https://halfdane.github.io/rplace/](https://halfdane.github.io/rplace/) + +&#x200B; + +[PLEASE NOTE THE CIRCLE AT THE TOP LEFT](https://preview.redd.it/1obxq0wpzcr81.png?width=569&format=png&auto=webp&s=d3d677641ce22147b55bab460a9bb5f2addea799) + + How to use the Github program + +T[he site](https://halfdane.github.io/rplace/) will show you coordinates, and you can place the tile based on the coordinates here. + +When you hover over a pixel, it gives you the x and y axis - IF YOU CLICK THE TILE, IT WILL BRING YOU TO THE CORRECT TILE!!!! + +Then pick the correct color and place it :) + +[ when you click on the tile in Github it will bring you to the same tile on r\/place ](https://preview.redd.it/8tblhgbuzcr81.png?width=277&format=png&auto=webp&s=0d86023b2ab781daef1b48f1df15958336df9aad) + +&#x200B; + +[ Click on \\"place a tile\\", choose the correct color and confirm. Rinse an repeat every 5 minutes ](https://preview.redd.it/2zsef50xzcr81.png?width=213&format=png&auto=webp&s=a545f9ff55cc37b77f9e0bffa556280b698e85cc) + +# + +# If you're on desktop, shoutout to u/[DeadDevotion](https://www.reddit.com/user/DeadDevotion/) for [this awesome walkthrough on how to install and use our Place overlay!](https://www.reddit.com/r/Superstonk/comments/tuiahg/easy_visual_guide_on_how_to_install_and_use_our/?utm_medium=android_app&utm_source=share) + +To anyone helping to place pixels, a HUGE THANK YOU!!! You've been doing an amazing job! 💜 Let's keep this thing going! It ends on April 4Let's talk about alliances! + +This works better when you make alliances with other teams. + +Why? + +Other groups will attack and it’s good to have people on our side to defend our design, and we can do the same for our allies. + +Allies will not attack. Allies make other allies and suddenly even more people have our backs. If you see one of our allies getting rekt, help them out!!! + +We made design changes to incorporate allies and remove things we are wasting time and pixels on. + +For example, OSU - what is OSU? A super popular rhythm game.. they are gamers coordinating on discord and twitch. They are the perfect allies, they are strong in numbers, dedicated, and they are not expansionists. All they want is their circle. + +We are fighting an unnecessary battle, wasting time and pixels, by trying to take over the top left corner (coordinated gamers UNITE!), so we incorporated their outer circle into our new design. + +We made an alliance with Germany, they will not creep into our area, and we added a small heart to our left border to represent our united front. They are working on a portal OUTSIDE our border, so LEAVE it alone! That will protect us on the left side even more. + +The sweet birb from [r/PictureGame](https://new.reddit.com/r/PictureGame/) keeps getting its one pixel beak chopped off, so we’re going to add that to the right border. They messaged us that they will defend our right border. + +On day 1 we tried to make an alliance with [r/placetrees](https://new.reddit.com/r/placetrees/), they are a group placing trees to spread awareness about our climate crisis, and yesterday we redesigned our piece to free up that bottom space. Since we were already building too far to the right anyways, we were just going to add the logos to the right. + +Well, nobody followed the post and the trees got wiped out (by our NFT logos, yikes), so we kept the space to the right and redesigned our piece again, this time including a couple of trees. + +A lot of people think NFTs are bad for the environment, VERY FEW people know about Layer 2 technology and how that is gas-free and carbon neutral. + +We have the same goal, we’re fighting the same battle, may as well do it together! + +We have also agreed to leave Star Wars alone (obviously), Scotland, Portugal, and blue corner. + +The other thing updated to stop wasting our time and pixels, was remove [NFT.Gamestop.com](https://nft.gamestop.com/) and instead make our **Gamestop** logo bigger. We fought the good Gamestop.cum fight😅 but pixels were just being wasted on that all day long. + +We made more space in between BUY HOLD DRS. + +We added a pirate flag🏴‍☠️We added RC. + +ETH team added rainbow and design connecting Loopring and IMX logos. + +&#x200B; + +**UPDATE on alliances** \- We have more allies, if you see them getting rekt please help them, and they'll do the same - welcome EPITA! Shoutout to Loopring and IMX, our allies from the start. + +update to Friendly: Spain, Hungary, placeNL, Star Wars, Chelsea, Omori Lattice, LoveLive, Turtles, FuckCars, PlaceDE (shoutout to u/aaaasgard u/ChrisDaDerp u/Siegli for helping us make alliances and friends, I'm sure there's way more and thank you too!) + +we have a rogue green dildo team out there and we have worked with various groups to integrate the dildo once it's there. Check it out, it's really amazing (Spain has a very nice bulge now)... on that note DO NOT EXTEND THE GREEN DILDO BEYOND THE MOON! We have an agreement with the Dutch for the line to end at the moon, because 🚀🚀🚀 + +[GO HERE](https://discord.com/invite/hgJmtEeJ) \-- JOIN THE DISCORD TO COORDINATE BETTER!! +Which would make sense if I’m currently a fresh out of college grad and having an IT job ( Making $ 55k a year, and aiming to have a salary of $70k + in the next 5 years.) Currently, I’m putting 6% in both traditional and Roth ( Company will also match 6% in either traditional or Roth). Any suggestions or help would be much appreciated. Thanks! +https://www.wsj.com/articles/meta-platforms-facebook-fb-q1-earnings-report-2022-11651022191 + +Facebook parent Meta Platforms Inc. is expected to post its slowest revenue growth on record as the company navigates growing competition for users and privacy headwinds in its advertising business. + +Meta’s stock price was battered in February when it posted quarterly results that showed a sharper-than-expected decline in profit, a gloomy revenue outlook and a drop in its daily active users. +**TA;CR: The digital banana stand will bring tendies back to Gamestop** + +Part I of Gamestop’s $400 Billion NFTransformation covered Gamestop’s past and the unexpected turnaround. This part will cover its trajectory to profitability using the marketplace and the strategic partnerships with Immutable and Loopring. + +[Link to Part I](https://www.reddit.com/r/Superstonk/comments/x0ptbv/gamestops_400_billion_nftransformation/) + +**Part IV: The Transformation in Action** + +Bear Thesis: Gamestop is hated by customers, developers, and employees alike. Everyone wants to see this ship burn and sink. + +Bull Thesis: Gamestop is buoyed by the January 2021 sneeze and seen as a revived, customer centric brand. + +The Gamestop NFT marketplace seeks to build value between developers and customers. Instead of the old predatory arbitrage model that favored Gamestop, the new marketplace fees provide liquidity to customers, a more fluid audience to game developers, and a share of recurring income from the resale of in-game digital assets. To see the benefits of the marketplace and wallet, consider the value proposition to the following parties covered in the bear thesis: + +Customers: Currently purchase a digital game with no resale value, or a free-to-play game with microtransactions anchored to the game and no liquidity. With digital ingame assets tied to NFTs, web3 games are now play-to-earn and provide multi-platform liquidity for players via Gamestop’s marketplace. Gamers can now sell or rent their digital assets in one game via the marketplace to invest in a new game. The trade-in value for their digital goods is actually fair and far exceeds Gamestop’s old trade in values for physical games in the past. The e-commerce experience on the website now includes same-day delivery and price matching, with an ever-expanding inventory of collectibles. New customer experience centers are also being tested and deployed in high traffic locations. For the gaming enthusiast, the value and customer experience is better at Gamestop than anywhere else. + +Developers: The partnership with IMX includes a grant fund and one of the deliverables is quality web3 content. I believe that smaller developers have the most to benefit from player churn and residual income from an active marketplace. Understanding the developer incentive is crucial since no one will switch to a platform where they lose money. So, why should developers even think about approaching Immutable / Gamestop NFT? + +With the illiquid app store environment, mobile game developers need to focus on player retention and avoid player churn (inactive accounts, uninstalls, etc.). Constant engagement is needed to keep the paying crowd retained, using sunk cost fallacy, high level bonuses, subscription models, and other game mechanics to keep players playing. Under this current model, **when a player churns, revenue to the developer immediately becomes zero.** Furthermore, the value of any ingame assets, whether the player is active or not, is effectively zero. The player carries zero assets going to the next game, and needs to provide additional liquidity, paying for ingame purchases via app store wallet. Remember, most of the gaming demographic has limited liquidity. Let’s look at this in action: + +Player A spends $50 on Developer A’s game. + +Player A churns, Developer A gets $0. + +Player A picks up a game from Developer B, spends $30 of remaining liquidity on Developer B’s game. + +Little Johnny, our recurring liquidity problem, has limited options with the current mobile cash shop model. Under the web3 model, something interesting happens: + +Player A spends $50 on Developer A’s game. + +Player A churns, gets $30 trade in value for his ingame loot, Developer A gets $3. + +Player A picks up a game from Developer B, spends $60 of remaining liquidity ($30 Player A has left over plus $30 from trade ins) on Developer B’s game. + +With web3, the developer makes money from player churn. The player who bought Player A’s loot is a new customer, which was **acquired at a cost of negative three dollars**. With the first scenario, two developers fighting over the same customer will either receive $50 or $30. In the second scenario, they get either $53 or $60. + +The developer also makes money when a whale (a player that spends a ton of money on the game) sells their duplicate items on the secondary market. Not only is there an inherent benefit to the biggest spenders, the developer profits when the game items are sold for a perpetual royalty. In the event that the game becomes massively popular, the laws of supply and demand increase the value of existing ingame items like special collaboration gear. This could effectively reverse player churn, as long time players who have gone inactive log in once more to find out their rare loot has appreciated in value – think Magic: The Gathering players who stopped playing in Beta and picked up the game again. A subclass of players may also speculatively invest in the game for this reason. All three of these player actions are monetization only possible with web3. If you have been paying attention to the AMAs with Immutable and the posts they have been making about recruiting developers and going to GDC, you can deduce the formation of a Play to Earn multiverse of games and collectibles. Take a look at Immutable's feed for yourself. It will take time for these developers to launch on Gamestop, depending on how far along their existing projects are before they decided to implement web3. + +Employees: No sugar coating here, the working conditions in many stores are poor. There is little upward mobility, and a huge disconnect between executive management and the actual workers. It’s not a happy place, and one of the reasons why we see RC tweeting photos on location at stores. When Gamestop fired hundreds of employees at head office, this likely included old guard district managers that were resistant to change and enabled the corporate culture to fester at the expense of front line retail workers. Cutting administrative head count is typically a positive indicator for most companies with negative earnings – Peloton’s stock took off like a rocket when they announced a huge reduction in head count, but believe it or not, in Gamestop’s case, **dip**. I see this and the approval of 8,000,000 shares towards the employee stock compensation plan as positive. It allows upward mobility for exceptionally performing store managers and stock compensation rewards for employees – accountability comes with ownership. Like any decent human being, I want to see conditions for the front line employees improve, but it must be done in a way that is sustainable and beneficial for the long term operation of the company. While I am bullish about the new talent on board, I am only cautiously optimistic about those at the bottom of the ladder. There’s likely going to be more short term pain before long term gains as leases terminate on unprofitable stores. Gamestop needs to on board millions of players to the wallet and marketplace enabled games and grow them enough to get in some positive cash flow on the balance sheet before they can hand out cash raises to thousands of employees. The only benefit Gamestop employees really got was some relief the paycheck would not bounce and a few nice customers. Oh, and some toxic district managers who got fired. Bullish on the store manager who fills the empty shoes. + +**Part V: The Bull Thesis Looking Forward** + +This part is speculation and yet to materialize. The NFT market and mobile gaming both have double digit CAGRs for the next 5 years. This is where Gamestop is positioning the platform. It has great tailwinds from the market trends behind it, and only needs to leverage an existing customer base to make things spicy. To succeed as Gamestop Digital, I expect the following catalysts to improve the company’s forward facing revenue: + +**Increased developer uptake in web3 gaming:** Gamestop’s partnership with Immutable is key to jumpstarting this innovation, but it needs good games and in volume to really stir up marketplace activity and fees. In its heyday, Gamestop made billions of dollars per year in arbitrage. The current marketplace and number of web3 play to earn (P2E) games is still in its infancy and a long way from raking in billions in marketplace fees a year. The good news is, mobile games can rack up millions of dollars of revenue in a matter of months due to the sheer number of people who have smartphones – Diablo Immortal hit $180 million in two months, and Genshin Impact took 5.2 months to hit $1 billion. Developers should see Gamestop NFT as a place where they can make games that bring in continuous revenue, compared to a digital storefront platform that brings in diminishing returns each time the game goes on sale with no chance of residual income. Gamestop leveraging its platform to form strategic partnerships and promotions with developers, like it did during its prime years, would be incredibly bullish for the company. There’s a good setup right now for developers, with IMX providing the software tools to implement web3, Gamestop offering the marketplace, and Loopring offering the financial plumbing that goes on behind the user wallet to facilitate low transaction fees on layer 2. All the developer needs to enable web3 is integrating the Immutable SDK. Nothing else needs to be built from scratch. + +A common objection to Gamestop’s marketplace is there are no AAA developers have signed on board, but with mobile, AAA studio branding is not a requirement for success. Since when was Elex, Mihoyo, Plarium, Rovio, and Mixi considered AAA? Yet, they have well over $10 billion in revenue between all of them. Gamestop can’t be like Microsoft, Sony, or Nintendo and swallow up big development studios, it simply does not have the capitalization. Which brings us to the next catalyst to watch for: + +**Partnerships with dormant gaming intellectual properties (IPs):** Gamestop cannot afford to buy Mario and Friends, but it can bring back the classics in one form or another like with the recent Betty Boop digital collectible. When Disney could no longer milk the Power Rangers cash cow, they sold it back to Saban, who then went in for a second harvest by selling high quality collectibles to the kids in the fandom who are now adults with disposable income. The legacy Megazord was priced at a premium and sold like hot cakes (hey Gamestop, sell these again at MSRP and I will buy at least two). Robosen has a self transforming G1 Optimus Prime that sells for $999 USD. The lesson here? There’s tons of money to be made in dormant IPs with nostalgia value. Zlongame revived the Langrisser franchise on mobile and made billions from a huge fandom that played pirated copies of Langrisser II as kids and then grew up to have disposable income. The same company is reviving the Front Mission series for mobile. Gamestop is now a brand known for coming back from the dead. Bringing back IPs like Heavy Gear or Syndicate would cash in on the adults with nostalgia and disposable income demographic very well. Both founders had Kickstarter projects that were under $600,000 and met their funding goals. + +The ace that Gamestop holds here is what the entertainment industry calls the nostalgia pendulum, or the nostalgia sandwich, a period of time which is 15 to 40 years, from when content consumers become content makers and adults with income. Even big companies like Netflix, which also face the problem of more and more IPs being stonewalled by producers under their own streaming services, respond by reviving dormant franchises that already have a built in fan base. This is why Stranger Things, Ghostbusters, Robocop, and most recently, Top Gun: Maverick, have such broad appeal to the tune of billions of dollars. If we look at the gaming time horizon, this would incorporate the period from 1982 to 2007, a golden era of gaming. There are hundreds of dormant IPs that fall within this nostalgia sandwich and not affiliated with the big three console companies or AAA studios. If Gamestop follows the Hollywood formula, once again, the conservative, sandwich-heavy portfolio will pay off for the hungry investor. + +Companies like Konami and SNK licensing out franchises for web3 games would also be a positive development. Gacha based mobile games are already like fancy slot machines, which both companies also license. Providing the license to an experienced smaller studio to create a mobile web3 game and doing so in volume is actually within reach of Gamestop’s capitalization. + +The next logical step once Gamestop / IMX produces a hit franchise revival is merchandising, and this is where it can tap existing suppliers on the shoulder that they already have a good business relationship with and push out merchandise with juicy, double digit margins (T-shirt sales are the sweetest peach). Digital releases that do well could follow with Collector’s Edition preorders that have a physical game and other swag. The dormant IP route leveraging their existing distribution network and customer base would be an appropriate response given the segmentation and profits that we see in the streaming market. + +**Changing customer attitudes towards blockchain:** Hedgie-owned gaming blogs continue to bash blockchain tech and foment negative sentiment. A few great games that demonstrate the value of being able to transfer or rent your time investment between games are needed to change the overall view of the technology. What’s the difference between your farm in Farmville and POGs? People on eBay still get money for their POGs because they hold value as a collectible. The future will include games where you can rent out your exotic weapons on the marketplace and have someone else hire your character as a mercenary and get tokens in return. I disagree with the view that play to earn turns gaming into a second job. Instead, it lets people with limited funds get more out of their hobby by promoting a circular economy. The current cash shops in mobile games restrict player funds. Making them web3 assets gives players back their liquidity, like when they traded in cartridges back in the 1990s. Web3 is Power to the Players. The move to non-custodial wallets instead of a centralized database would prevent a catastrophic breach of assets. Equifax shit the bed and the CEO went to jail for only four months for insider trading and spent zero months in jail for giving Al-Qaeda your FICO score – gamers would destroy a brand if all their loot went missing under their supervision. + +**Increased Gamestop Wallet Integration:** It’s only a matter of time until we see NFTs accompanying physical purchases of collectibles. We already have NFTs of lambos that come with the car. The future may bring animated Funko Pop NFTs that accompany the physical product. We may see Gamestop and developer sponsored tournament winner NFT badges turning up in the marketplace. That being said, given all the negative connotation with the word NFT, I can see the future referring to the technology as digital assets and digital collectibles instead. You know, like how that show Pocket Monster in Japan had an episode that gave kids epilepsy, so they changed it to Pokémon overseas to fool parents. Seeing collectors adapt Gamestop Wallet as the place to store and display their non-meatspace collectibles would bring great long term value to both customers and vendors. In addition to reviving dormant IPs, Gamestop could also issue collectibles both in store and in wallet to tie in with the launch. Remember all those promo items from midnight launches? Digital collectibles are another way developers can gift swag to their supporters. + +To increase adoption of the Gamestop Wallet, a promotional option to use the $5 Powerup rewards credit to initially fund the wallet would go a long way towards speeding up user count. As mentioned by RC in the activist letter, the PowerUp Rewards program has millions of members. Using the monthly credit to create a new wallet will give millions of junior gamers with no access to a credit card a way to earn and access cash shop items in mobile games – and nothing spreads faster than rumors on a playground. If Gamestop was the pioneer who broke down the paywall for kids without mom’s credit card, they would instantly have another generation of loyal customers. + +With that said, the final part of the bull thesis are readers like you. Gamestop’s profitability is dependent on retail consumers like you, and if that means price matching items so you can buy them at Gamestop or helping others to onboard the Gamestop Wallet, it will go a long way to ensuring a future where your stock investment pays regular dividends. The market is already planning an ETF that is only short Gamestop. DRS will murder these bagholders, but only your continuous support will ensure Gamestop lives on to see some or all of these catalysts come to fruition. This post is flaired Possible DD because you are the ones who will make it possible. Power to the Players belongs to everyone here. +Hi. Thought I would pass this on. Relevant to those hacked by Optus or otherwise. Received via barefoot investor email this morning…… + +“Today I’m going to show you the exact steps that will stop scammers from running up credit in your name. + +Best of all, it’s fast, easy, and free. + +Yet before I do, I want to take a moment to reveal the name of a company that made MILLIONS from the Optus Hack. + +That company’s name is Equifax and they’re a credit bureau. + +This week, in a blind panic, Optus agreed to purchase 12-month subscriptions to Equifax’s ‘Credit Protect’ service for their most affected customers. This service sends an alert if your credit file is accessed (by a scammer applying for credit in your name using stolen docs), and it costs $14.95 a month per person. + +That’s not just a huge amount of dough for Equifax, it’s insanely great advertising to boot! + +So let me square the ledger … + +Equifax is the financial equivalent of Mark Zuckerberg. They hoover up your personal private credit information and sell it off to any financial institution they damn well please. Yet unlike Zuck, if you want to monitor who they’re pimping your private data out to, well, you have to pay them $14.95 a month*! + +*Except you don’t. + +I’m afraid Optus has been scammed again. + +They didn’t need to pay Equifax all that money. There’s a much better workaround, and it’s free. + +I want you to pay close attention to this, even if you aren’t an Optus customer. After all, just this week Standard and Poor’s came out saying that Aussie banks are among the most vulnerable to a cyber attack in the region because of their work from home policies and all the stuff they’ve got in the cloud. + +Bottomline? + +This isn’t the first mass hack, and it won’t be the last. + +Now, I don’t think simply having an alert on your credit file provides you enough protection. + +Here’s the way I think about it: + +An alert is like having a security camera on your front door. + +You’ll get an alert that you’re getting robbed … but your TV still gets flogged! + +If you are scammed – and one in four Aussies have been – it can take upwards of 30 hours to sort everything out, (most of which involves sitting in long telephone bank cues, listening to Daryl Braithwaite’s Horses.) + +Instead, what you want is a big arse lock on your door that makes it impossible for the robber to get in your house. + +Thankfully there is one app that will let you put a lock on your credit file. + +That company’s name is CreditSavvy, and it’s a division of the Commonwealth Bank. (The fact that they’re owned by big yellow gives me a certain level of comfort … though I still wouldn’t trust them educating my kids). + +Creditsavvy bills themselves like a fitness coach for debt, which in itself is kind of weird. Their schtick is that they calculate a personal ‘credit score’, which for me is about as useful as the score I give my four year old daughter’s nightly dance concerts: + +“10 out of 10 Honey, BRAVO!” + +In both cases we’re just needy adults desperately trying to keep your attention. (Credit Savvy makes its money by selling leads to finance companies to get you into debt). + +However, part of their app that I’m interested in allows you to lock your credit file with a swipe or click of a button. + +So here’s what I want you to do, step-by-step to lock down your credit file so that scammers can’t rip you off. + +Step 1: Download the Credit Savvy app (either in the Apple or Google app stores). + +Step 2: Verify your details (I used my driver’s licence and Medicare card). + +Step 3: Press “protect” from the bottom navigation. + +Step 4: Press “Request a ban”. Credit Savvy will then let the other credit agencies know you’ve got a ban on your file within 2 business days. + +Step 5: On the 16th day the Credit Savvy app will remind you that your pause is ending. When you get that alert – and this is important – click “ban my credit report for 12-months”. + +And that’s it! + +From then on if anyone tries to access your credit file, the Credit Savvy app will alert you. + +Though it will also be locked so the bank or financial institution won’t be able to access your file. However, this will not count against you. To be clear, it will not harm your ability to take out credit. + +Now if you are applying for credit (or say moving home and applying for utilities and the like), all you need to do is temporarily lift the ban on your credit file for a week or so. And then put that lock straight back on using the Credit Savvy app. “ +I’m trying to get a better rate on my investment property (io) loan. Called bank a few months back and asked for better rate. Am on 4.09%. They said no can do. So I approached a broker who got a good rate well under 3%. + +Docs got approved and then today retention team calls and offers .01% more than other bank + $500 cash with no change of product. + +Im tempted, but (unusually for me, maybe Im getting old) I feel like the fact they didn’t give me a “best foot forward” up front means they don’t really deserve my business. + +Thoughts? +Good Morning Apes! + +The S&P is on some shaky ground this morning, with a few gaps to the downside inflation fears and tapering from the FED, along with liquidation of Chinese funds. If it continues to fall and fill it's gaps to the downside then expect GME to get dragged down along with it. + +Yesterday, I made a comment about regarding the similarities between GME currently and the VW squeeze. The research team and I are working on cobbling together an indicator of some sort that can compare OI (ownership) to divergence in arbitrage (liquidity). This will hopefully give us an indication of not only shares available to the market but some idea of potential for a squeeze. This is sort of what CV\_VWAP is designed to do, but hopefully with fewer errors. + +GME should have solid support at the EMA 160 ($178) and the EMA 180 ($173) there is also a small gap to fill down to $171. + +Again currently GME is on sale, any entries below the EMA 120 (long-term options and stock) , historically, have been excellent opportunities. + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Bounce off the EMA 180 today and then closing the day just above the EMA 120 and positive looks like a good signal moving forward into earnings week. Another Friday close above Max Pain (195) would be indicative of some movement for earnings week. However as far as roll v. fail it still currently looks like volume is insufficient for a rollover. If this continues and a fail occurs that will leave them exposed to the FTDs, just like last January. Thank you guys for hanging out, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/d8po7z4b27381.png?width=693&format=png&auto=webp&s=32a37bdf3e83e8f3627833c69b38120cc23f9e97 + +Edit 5 2:24 + +Inverse head and shoulders on the 1m looks like we might push away from that low support again. + +https://preview.redd.it/opud5q3ak6381.png?width=1613&format=png&auto=webp&s=46877751e544a109639d69784ce7432b96098694 + +Edit 4 1:36 + +IBKR just had 250k shares returned bullish reversal failed and bled into another low test it looks like they are trying to cover their recently borrowed shorts at a lower price. + +https://preview.redd.it/yin0u9amb6381.png?width=1629&format=png&auto=webp&s=f19e026f94e528b99a995f9e9169b173a8c77aba + +Edit 3 12:44 + +Very close to a confirmed bullish reversal off the EMA 180 today if we hit 190 I would consider this verified + +https://preview.redd.it/lq3u56ub26381.png?width=1629&format=png&auto=webp&s=181d6cf45532a5141d0c815e8e5ad44ddda62932 + +Edit 2 10:43 + +Falling into that EMA 180 support and we have a gap slightly below it to fill at 171 + +https://preview.redd.it/u53u7w1sg5381.png?width=1628&format=png&auto=webp&s=fc2ed97e5391a67802e1e52959f629e435ced7b5 + +Edit 1 10:03 + +Bit of a run at market open, moving into some consolidation, SPY is coming back albeit slowly. We may stabilize here in this range around 184-187. Max-pain at 195 today. + +https://preview.redd.it/4ubibcks95381.png?width=1611&format=png&auto=webp&s=5757dd5706d4b7d9534fb52a6414ac8f13cd9eb6 + +# Pre-Market Analysis + +Quite a bit of volatility in the pre-market this morning with a test of 187 and 186 and a low of 176. + +Volume is a bit higher than yesterday, currently at 21k + +Shares to Borrow: + +IBKR- 400,000 @ 0.6% + +Fidelity - 1,193,034 @ 0.75% + +[GME 1m pre-market](https://preview.redd.it/m1l2d2x1y4381.png?width=1612&format=png&auto=webp&s=bb22bdf1397a3de6d585bb5c9a1da64581f6e468) + +Arbitrage normalizing a bit this morning + +https://preview.redd.it/sks1qvqey4381.png?width=2448&format=png&auto=webp&s=d4553f94d22ee8f01d8dfa5dbce2b50718e3eb24 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +There was already post like this in a past but i want to ask this myself. +Im 20years old. +No job,I have mental disability wich is mild aspargers. +As in the title my mom is a debt.i already gave her around 742.25dollars (3800 złoty in country i em,Poland)from my health rent.she never payed me back.Thing is she was never good with money and getting a credit card with just get her.well especialy me in more debt than she we are. + +She alreadu sued for bankruptcy and got what she wanted. +She hase 2 jobs.One at the Nursing Home,she also takes care of an old lady wich is her other job.She hase psyhology degree.Thing is she never shares with me about what going on with her final life and how the fuck she keeps getting in more dept,she now guilt trips me that i rejected her offer. + +Many banks are starting to raise the rate of their savings accounts. SoFi and Ally to name a few. But these brick-and-mortar banks seem to be adamant and stuck at their 0.01% rate. I am noticing this too on several smaller credit unions around me. + +Why do you think this is? They know they are losing customers because people are going to move their money out of their accounts. Why the lag? Done on purpose for reasons we don't know about? +Hi all, + +Just wanted to get a general census of what everyone's strategy is as we are 1 week away from elections. + +For me, since I'm holding long-term, I will continue selling CCs as it's the easiest way to lower my cost basis and ride out any potential wave. + +However, I wonder if you all have a strategy and plan in place if Biden wins or another strategy in place if Trump wins. Curious to see what everyone's ideas are. Thanks! +I've been wheeling for a while with pretty volatile stuff like WKHS, PLTR, BB, and OPK and learned a lot through all of it. I'd like to graduate from CCs and CSPs to try some slightly more advanced Theta Gang strategies but can't find consensus on what the logical next step would be. Any recommendations? +TL:DR What do you do when you hit profit target early and next expiration is far out? + +I follow the rule of thumb to close a CC position at 50% max profit. Generally by the time that happens the next expiration is \~45day-ish and I can rinse and repeat. + +What do people do when you hit 50% very early on - likely due to a quick drop in underlying - and there is still \~30+ DTE? + +1. Do you close the position and then re-open at the same strike if the underlying bounces back? (Double dip?) +2. Do you roll the strike down in the same expiration to reset your delta? (I'd rather avoid this as it may be below my cost basis) +3. Do you hold on for some time to squeeze a few more bucks? +4. Do you roll to next expiration even if it is \~60 days out? + +&#x200B; + +Couldn't find another thread on this but if it exists please point +I've been wheeling for a while with pretty volatile stuff like WKHS, PLTR, BB, and OPK and learned a lot through all of it. I'd like to graduate from CCs and CSPs to try some slightly more advanced Theta Gang strategies but can't find consensus on what the logical next step would be. Any recommendations? +I put a large sticky note on the inside door representing each shelf. Then I list everything on the shelf, including expiry dates. Helps me so much with grocery shopping! + +I make my grocery list, then check the lists. Cross out anything I have and off I go. + +The reverse is true, strapped for cash. Look at the lists, what can I make with what I have or with minimal additions? + +I hope this small tip helps someone. + + +>“$100 billion per year is spent on in game items… and gamers own none of it.” + +-Robbie from Immutable + +The entire fucking point of everything they’re doing with this turnaround is centered around the fact that gamers DONT OWN SHIT. + +It’s centered around OWNERSHIP. + +When you think about it, it’s not hard to realize… + +OF COURSE THEY WANT YOU TO DRS! + +Take ownership of your shares, people! + +I know this gherk drama is designed to make us angry, but it’s so frustratingly obvious what gamestop wants us to do and yet we still have people trying to convince others why it’s not the way… it’s infuriating. + +I commented this exact thing in the gherk daily thread and got stuck in downvote purgatory. + +I just feel like people are not making this connection enough… + +*Ownership* is what gives us power! + +- Power to the players +- Power to the creators +- Power to the collectors +- Power to the OWNERS + +DRS is the way. +Hi everyone! + +I have been reading a lot in this subreddit over the last few days and have already found a lot of helpful advice! I'm looking for some more specific advice on investing my own future income. + +I'm in a presumably unusual but very lucky position. I have finished a PhD earlier this year and am about to start a job (CS/Finance) with an income that would put me in the additional rate tax bracket right away, going from a yearly tax-free stipend of \~£16k to \~£200k+ before tax. + +My income will be around £110k base pay plus potentially another \~£100k -£110k through stocks/bonuses. + +Other info that might be relevant: +\- EU citizen +\- London +\- Have worked previously, but only for three of those months in the UK +\- I'm in my early 30s +\- I will be living alone for now, unmarried, no kids +\- I don't know right now for how long I will stay in London/the UK and whether I will retire here + +Financially: +\- No debt +\- Basically no pension (in the UK, some rather insignificant pension in another EU country) +\- No ISA +\- No property +\- Savings of about £20k in other currencies + +Now I'm trying to figure out how to best manage my future income. I'm mostly interested in whether my understanding of the different investment opportunities is correct and whether I would be making sensible choices. + + +1. Emergency Fund +As stated above I have some money (\~£20k) in foreign accounts with low interest. I can access that money within a few days but I might just leave that untouched for now and set up an additional emergency fund (\~£10k) in the UK to be on the safe side. Due to being in the additional rate band, I won't be able to gain much from interest with a regular savings account with no Personal Savings Allowance anyway, so I am considering to buy Premium Bonds instead. Does that make sense? + + +2. Pension +My employer will match up to 7% and I can pay into the pension on a salary sacrifice basis. I'm going to make use of that up to the point where I'd hit the £10k limit for incomes above £210k. One question I have here regards the ability to carry forward allowances from previous years. I have worked in the UK in 2017 for a few months and have been registered with a pension scheme since then. My understanding is that even if I haven't paid NI contributions in the 2018-2019 tax year I can carry forward the allowance due to having been registered with a pension scheme at the time. Is that correct? + +In that case my plan would be to try and max out the allowance for both the current year and the previous years, i.e. in 2020-2021 I would try to pay \~£50k to cover both 2020-2021 and whatever was left as an allowance in 2017-2018. I would do that for the following years as well until I caught up and maxed out with the forwarded allowances. Is that reasonable? Is there any argument for not maxing out the pension allowance first? + + +3. ISAs +Following the advice here in the subreddit, I am planning to pay £20k into an S&S ISA and invest into a 100% equity world index tracker such as FTSE Global All Cap or LS100. I haven't really looked into what broker to use but Vanguard seems to be a popular choice for the start. + +LISAs seem valuable too. However, I simply don't know right now whether I will buy property in the UK any time soon and even if I do, it would very likely be in London and there is a chance it would be a property with a cost over £450k in which case the LISA wouldn't help/I would pay a 25% fee. On the other hand, it would always be possible to wait until I'm 60 to withdraw the money but who knows how the rules will change over the years. You obviously lose flexibility over a standard S&S ISA. + +So would you advise me to put everything into an S&S ISA? + + +4. How to invest the rest? +It seems like the most obvious choice would be to put the money in a taxable account and invest in the same funds as with the S&S ISA. + +There are also the venture capital schemes like VCTs and EIS that would provide additional tax relief. However, from what I understand tax relief would only be given after a number of years of investing (5 for VCTs, 3 for EIS) and of course there is a higher risk attached to them. I don't think I would feel comfortable with anything like that right now, so simply investing more in world equity index trackers looks like a reasonable choice? + + +5. General advice +Is there any other advice you would give to someone who +a) has a big increase in income, in particular someone who currently has basically no pension/ISAs/property +b) might move away in a few years (this is not a given, I simply don't know right now), most likely to another country within Europe? + + +Thank you very much! +At least 3 different posts on President Trumps annoucement of a tax plan were removed by the automoderator because people reported it so much. + +Let's try and have a megathread to keep all of these comments in one place. **Keep it civil** and talk about the specific points of the plan. If you start laying out personal attacks on other redditors OR government officials, your comment will be removed. Enough of these comments, and we'll lock the thread. + +~~[Here is a review of the plan from NPR](http://www.npr.org/2017/04/26/525683530/4-questions-about-trumps-tax-plan)~~ + +[Better link of the actual 1-page summary](https://www.documentcloud.org/documents/3678871-Donald-Trump-s-tax-proposal.html#document/p1) Thanks /u/MechE314 +I counted at least a half dozen articles pumping SE while SE was dropping like a brick… + +“Stocks that will make you rich in December” + +I learned a hard lesson in this one…the “independent” research like Motley Fool, Zacks and Seeking Alpha may not always be so independent. + +Addendum…I read lots on SE not just Motley Fool before investing for you jackasses who suggest otherwise. +I'm in the process of selling my modified V8 VE commodore and replacing it with something more reasonable as a daily driver, and have hit a bit of a catch22. + + +I've been looking at small cars for low running costs in the under $7500 range (trying to pocket some cash from the sale of the commodore in the process), things like Kia Rio's, ford focus, Peugeot 407/307, Mazda 3, that kind of size car, everything has to be an auto as the Mrs doesnt drive manual, and still needs to fit two adults and two kids, even if its not exactly comfortable doing so (we have a 7 seat ford territory for family stuff). + + +And what i've come up with, is that almost always unless looking at something in the i20/ mazda2/ ford Fiesta size, and in manuals a dedicated gas ford falcon is almost always cheaper to run, even taking into account the higher insurance costs and tires, and that is assuming $1 per liter for LPG, $1.65 for petrol and $1.75 for diesel, and this is looking at cars in the 08-2013 range and all of them at around 150-250k km so it makes no sense to buy a small run about when a large car is so cheap to run. + + +Year's ago found the same, I owned a VE holden V6 ute with an aftermarket LPI gas system installed on it, and an Hyundai Excel, and the ute was cheaper to run. + + +So considering how much LPG infrastructure we have here in Australia, why hasn't more manufactures jumped on it? +Hey Everyone, + +Pretty much the title. We are in 250-300k combined income, with just regular jobs. We have been to 2 different accountants in the last 2 years, and while it wasn't unsatisfactory, it wasn't overly impressive either. Each time, we came out of the room thinking we could have done this ourselves on MyGov. There was nothing that the accountant suggested that we didn't already know. + +I am I overthinking this? Or is a way I can find a good accountant that can guide us with things like Super contributions, stock purchases, children investments etc. +One of my tenants recently informed me that she wants to break her lease to move out to a place 5 minutes away and is about to sign a lease at this other place. No huge personal reason or emergency. She knows the rent will go up about 40% to market value in 7 months when her lease ends (lazy property manager with an out of state owner previously). Legally, I don't have to pro-rate her. + +Would you pro-rate her for the remainder of November to be nice? + +Edit #1: Sorry I've been AWOL I was doing work all day on another unit so I didn't check reddit after I posted this. Honestly a bunch of great advice and I'm so appreciative of you guys! Down the road it'll now be "Read the lease" when something like this happens or work out some concessions. A lot of good view points! +I think it is a good practice to keep a "wishlist" of great companies that are currently overvalued. + +I am not asking "what companies are overpriced", because then there are at least 1000 possible answers, but I am asking "what are the strongest quality companies (moat+margins+solid financials+solid outlook) that you would jump on first **if** prices came down." + +*Who knows, all of a sudden you might find some of these companies on sale in 2022.* + +Creating this wishlist is also a great way to control your temper and emotions when markets crash, you then have a plan of what to look to buy, that you have built slowly over time and thought through. So you can "think slowly" about building your wishlist, and then can "think fast" in crashes to look to buy some of these companies if prices come down. + +I'll start: + +**~~Google~~**~~: 15% over-valued~~ (at fair value) + +**S&P Global:** ~~25%~~ 7% over-valued + +**Taiwan Semi** : 25% over-valued + +**Adobe**: 50% over-valued + +**Nike**: ~~30%~~ (25%)over-valued + +**Microsoft**: 50% over-valued + +**Applied Materials** : ~~40%~~ (23%) over-valued + +**KLA corp** : ~~30%~~(9%) over-valued + +edit: found a small error in the calculation, updated the numbers + +&#x200B; + +of course, what the fair price/value of these companies should be is highly subjective. The percentages are based on my stock valuation [model](https://www.reddit.com/r/ValueInvesting/comments/s4lk08/i_want_to_share_my_personal_stockvaluation_model/), which is solve for earnings growth, and then compared to the earnings growth I get from looking at \[long-term growth in total assets\] x \[ long-term ROA\]. That means that if you believe any of these companies are going to start growing quicker in the future than they have in the past, my valuations will be off. + +*(I realize that the stocks of these companies may in fact never come down to what I would consider "fair" prices.)* +A few that I like: + +&#x200B; + +1. **DJCO (Daily Journal Corporation):** [https://i.redd.it/x9a1yhnr57b81.jpg](https://i.redd.it/x9a1yhnr57b81.jpg) + +Succinct, some good insights, a little dry humor. "We're not a tiny version of Berkshire Hathaway, and this isn't a tiny version of the Berkshire Hathaway letter." + +&#x200B; + +2. **SCPJ (Scope Industries):** [https://pbs.twimg.com/media/FeMT7HbUcAAuCI6?format=jpg&name=large](https://pbs.twimg.com/media/FeMT7HbUcAAuCI6?format=jpg&name=large) + +Similarly brief, more of a practical approach; no dry humor. The CEO is in his late nineties, almost the same age as Charlie Munger. + +&#x200B; + +3. **BOC (Boston Omaha):** [https://s29.q4cdn.com/675306481/files/doc\_financials/2021/ar/2021-Annual-Letter.pdf](https://s29.q4cdn.com/675306481/files/doc_financials/2021/ar/2021-Annual-Letter.pdf) + +Feels kind of like an MBA student's pastiche of the Berkshire letter, but I like that they put some effort into it. + +&#x200B; + +Honorable mention - **BSHI (Boss Industries):** [https://web.archive.org/web/20220517002019/http://www.bossholdingsinc.com/Reports/CEO-Shareholder-Ltr%205-16-22.pdf](https://web.archive.org/web/20220517002019/http://www.bossholdingsinc.com/Reports/CEO-Shareholder-Ltr%205-16-22.pdf) + +I don't think that BSHI has an annual shareholder letter, but the CEO wrote this one in May, a few months before his death. + Hello, what do you think of the latest statements via $TWTR by Dr. Michael Burry on the US financial system or the possible crisis that will come shortly, as well as some tweets of the twitter verification policy in which Elon Musk answers. + +Greetings +Being happy to see the relative popularity of value investing and fundamental analysis topics on Reddit, I couldn’t help but notice one huge problem. People keep on making one and the same mistake, repeatedly. Now, not trying to be a sage of a sort, I still think it is worth sharing my thoughts. + +I believe, that one of the most important reasons to analyze stocks is because it helps you formulate your own opinion. This might sound like an obvious truth, yet seems like many still fail to act in accordance with it. + +Presumably, many of you have read some of the most famous books on value investing, like “The Intelligent Investor” or “One Up On Wall Street” etc. These are great books, extremely well written, with amazing insights. However, I would argue that one of the two things should be done about them. + +Either each of them should be divided into two books, or people should read each of them twice. + +Here’s why. + +It is in our nature to cherry-pick, especially when it comes to ideas. + +*“You can achieve everything if you work hard enough.”* + +Huh, “you can achieve everything” sounds nice and motivational, fck the “work hard” part. + +Same thing with these books. + +I’ll dare to assume that Mr. Graham or Mr. Lynch, when wrote their books, tried to put an emphasis on the words of caution. However, if we reduce these publications to “You can, but you have to…”, many people still drop the “but” part. + +One can argue, that I’ve lost my mind and people do look at corporate fundamentals, research companies and don’t blindly follow the market. + +Here’s a thing, that simply is not true. + +The big problem I’ve mentioned in the very beginning is that most people still follow the market, but fail to recognize it. + +When you ask someone for their opinion, or read some articles on the internet about a company, it makes you feel like you are doing research, while in fact you consume someone’s mind. + +Just like by following the market through the prices, but with extra steps. Thess steps do not bring any value, just the false feeling of “done research”. + +If I would need to pick two most important messages from these books, those would be: + +1. You can find value only if your perception of the market is different from the most other participants. (otherwise you’ve just found out something everyone already knew). + +2. It can take a while before the market realizes the value you’ve identified earlier. + +So if you’ve really done your research, you probably will not need to ask “the market” in a form of like-minded community to validated your judgement. Why? Well, because it is either already exploited or will be exploited immediately (if “the market” agrees) or will be disapproved (if “the market” thinks you are wrong). + +Non-obvious reason for doing your own analysis before putting a penny into a stock, roots in the second statement. Market can be wrong, and it can be wrong for a while. It will shout you in the face every day that you have made a mistake, and the only way to resist is to be sure that you are right. + +Needless to say that it is much easier to resist someone’s opinion if yours has a solid basis. However, this basis can hardly be seen as solid when 90% of it consist of approval you seek from a community. + +Keep calm and carry out your own analysis. +Examples of asset light business models: + +* Google - Automated high ROI two-way ad auctions on Search are a money printing machine. YouTube doesn't have to pay for its own content. Android makes money even if Google doesn't build the hardware. Play takes a cut of all app purchases. +* Dominoes - Franchise business that doesn't have to put up any of its own capital. +* Etsy - Two-way online marketplace that doesn't need to pay for fulfillment. +* Moody's - Essentially zero capex claim on a percentage of all large business profits that is close to impossible to disrupt. +* Visa - Royalty on a good chunk of all non-cash consumer spending. +* Adobe - Subscription SaaS service that is the industry standard. +[https://www.morganstanley.com/im/publication/insights/articles/article\_goodlossesbadlosses.pdf?1658332526159](https://www.morganstanley.com/im/publication/insights/articles/article_goodlossesbadlosses.pdf?1658332526159) + +Summary: "In many cases, the bottom-line figures that are consistent with generally accepted accounting principles (GAAP) fail to communicate the essence of a company’s economics. For example, there has been a steady rise in the use and utility of non-GAAP figures, calculations that deviate from the accounting rules and regulations. More than 95 percent of companies in the S&P 500 report non-GAAP numbers, and there is evidence that investors find them useful. Overall, understanding whether a company’s business is fundamentally sound requires going deeper than superficial sums or ratios." +Examples of asset light business models: + +* Google - Automated high ROI two-way ad auctions on Search are a money printing machine. YouTube doesn't have to pay for its own content. Android makes money even if Google doesn't build the hardware. Play takes a cut of all app purchases. +* Dominoes - Franchise business that doesn't have to put up any of its own capital. +* Etsy - Two-way online marketplace that doesn't need to pay for fulfillment. +* Moody's - Essentially zero capex claim on a percentage of all large business profits that is close to impossible to disrupt. +* Visa - Royalty on a good chunk of all non-cash consumer spending. +* Adobe - Subscription SaaS service that is the industry standard. +Examples of asset light business models: + +* Google - Automated high ROI two-way ad auctions on Search are a money printing machine. YouTube doesn't have to pay for its own content. Android makes money even if Google doesn't build the hardware. Play takes a cut of all app purchases. +* Dominoes - Franchise business that doesn't have to put up any of its own capital. +* Etsy - Two-way online marketplace that doesn't need to pay for fulfillment. +* Moody's - Essentially zero capex claim on a percentage of all large business profits that is close to impossible to disrupt. +* Visa - Royalty on a good chunk of all non-cash consumer spending. +* Adobe - Subscription SaaS service that is the industry standard. +Being happy to see the relative popularity of value investing and fundamental analysis topics on Reddit, I couldn’t help but notice one huge problem. People keep on making one and the same mistake, repeatedly. Now, not trying to be a sage of a sort, I still think it is worth sharing my thoughts. + +I believe, that one of the most important reasons to analyze stocks is because it helps you formulate your own opinion. This might sound like an obvious truth, yet seems like many still fail to act in accordance with it. + +Presumably, many of you have read some of the most famous books on value investing, like “The Intelligent Investor” or “One Up On Wall Street” etc. These are great books, extremely well written, with amazing insights. However, I would argue that one of the two things should be done about them. + +Either each of them should be divided into two books, or people should read each of them twice. + +Here’s why. + +It is in our nature to cherry-pick, especially when it comes to ideas. + +*“You can achieve everything if you work hard enough.”* + +Huh, “you can achieve everything” sounds nice and motivational, fck the “work hard” part. + +Same thing with these books. + +I’ll dare to assume that Mr. Graham or Mr. Lynch, when wrote their books, tried to put an emphasis on the words of caution. However, if we reduce these publications to “You can, but you have to…”, many people still drop the “but” part. + +One can argue, that I’ve lost my mind and people do look at corporate fundamentals, research companies and don’t blindly follow the market. + +Here’s a thing, that simply is not true. + +The big problem I’ve mentioned in the very beginning is that most people still follow the market, but fail to recognize it. + +When you ask someone for their opinion, or read some articles on the internet about a company, it makes you feel like you are doing research, while in fact you consume someone’s mind. + +Just like by following the market through the prices, but with extra steps. Thess steps do not bring any value, just the false feeling of “done research”. + +If I would need to pick two most important messages from these books, those would be: + +1. You can find value only if your perception of the market is different from the most other participants. (otherwise you’ve just found out something everyone already knew). + +2. It can take a while before the market realizes the value you’ve identified earlier. + +So if you’ve really done your research, you probably will not need to ask “the market” in a form of like-minded community to validated your judgement. Why? Well, because it is either already exploited or will be exploited immediately (if “the market” agrees) or will be disapproved (if “the market” thinks you are wrong). + +Non-obvious reason for doing your own analysis before putting a penny into a stock, roots in the second statement. Market can be wrong, and it can be wrong for a while. It will shout you in the face every day that you have made a mistake, and the only way to resist is to be sure that you are right. + +Needless to say that it is much easier to resist someone’s opinion if yours has a solid basis. However, this basis can hardly be seen as solid when 90% of it consist of approval you seek from a community. + +Keep calm and carry out your own analysis. +Alright I'll try to keep this short and sweet for all my sweet bb apes. I approached Dr. Susanne Trimbath on Twitter about doing an AMA, and u/StonkU2 has been vital and central to communicating with her and setting this up. If you look at [her twitter](https://twitter.com/SusanneTrimbath?s=09) you can tell she is not only interested in what we have to say, she is loving interacting with us! + +I want to throw out there that Dr. Trimbath is familiar with message board and chat room culture. (A/S/L anyone? 🤣) She is what the youngsters among us would call **OG**. I for one am so stonked to have someone of her caliber spending time to talk to us. + +So as moderators, we are respecting hers and everyone's time by using a controlled format, with our very own u/atobitt facilitating the conversation. I do not want to give too many spoilers, but please know that the moderator team is diligent about making this a clean and presentable interaction that we all can learn from, grow with, and look back on as a resource. I want to stress that *we will be using curated community AMA questions as usual*. We are just going with a more streamlined and professional format, with a trusted and respected ape presenting the conversation. 💪 Details tomorrow 6 AM EST in my Superstonk daily post!! + +Now... having gotten the business out of the way... WHO WANTS A CUSTOM FLAIR?!?!🦄🦄🦄 + +&#x200B; + +https://preview.redd.it/r3yjgb0r0dv61.jpg?width=599&format=pjpg&auto=webp&s=d18900d022afe14d2e7cd71274df182dbee9c2f0 + +I frickin love you guys and I promised this would be one of the first things I'd do as mod. Time to give you dipshits some name tags. + +Drop a comment with your desired flair below **KEEP IT CLEAN OR YOU CAN'T HAVE NICE THINGS!!** And stay groovy Baby ✌💗🐈🦄💎💅🚀🚀🚀 +Edit- You can sell immediately on CS. The media is going to intentionally spread FUD (lie) and those not doing the DD are their target. + +TLDR- Hong Kong stock in the stock that can't be named here are intentionally set up to fail and fleece investors just so a correlation can be drawn to GME in the media. Hong Kong stock was intended to establish that meme investors are pump and dump con artist. This stock that can't be named is intended to be to cautionary tale to those that DRS and could miss the boat on life-changing money because they were waiting for their sell orders to clear while the dump was happening. All of this is just so that they can point to something in the media and say this is the reason you should transfer your shares out of direct registration and stick with brokers if you want to really get rich. This last tactic is just to get you to leave some shares with brokers. None of it is true, you can sell your shares instantly through CS and the limit won't restrict that. + +GME will not dump! + +DRS 100% of your shares! + +Don't plan on selling moon tickets! + +No cell no sale! + + + +In a article put out yesterday by Forbes, like many others articles of late, present the same information while other information is masteriously in excluded ( like how we got to the situation in the first place). It's not enough to express doubt in the media, they need a clear example to point to and say, "see, we tried to warn you that memestocks are scams". I believe they are attempting to establish a baseline for "Meme Stock" tactics failing and those that use them don't know what they're doing. + + +In the article it is speculated that the Hong Kong pump and dump was because retail is so retarded they bought the wrong stock, and once they realized, dumped it. They use this as an example of a non meme stock being treated like one unintentionally. They are trying to draw a correlation between Overvalued stocks and the consequences of FOMO. All this really shows is that when price is not artificially suppressed by the algorithm it can moon with a fraction of the sentiment that gme has. The second example they give is the stock that can't be named. I believe this is their big play, whether AA is controlled opposition or a useful idiot doesn't really matter at this point. The stock that can't be named is going to pump and dump rather than moon and the Meme FUD will be unavoidable. They will say "retail should of sold at $$$ and they would have made a fortune, but they couldn't sell quick enough because of direct registration of shares, and as a result, went broke". I believe this is the real FUD play before the squeeze. They will try to convince as many people as they can that DRS is not the way. That if you want to make some real money you need to leave your shares with the brokers whom can sell instantly rather than waiting for your order to be grouped and sold all at once a few days later. Basically they'll try to convince you that if you leave your shares directly registered, the pump and dump will happen before your sharers even sell and that the only way to guarantee profit during the pump is to leave your shares with the brokers. This is not true and is just a tactic to cause confusion. You can sell your shares immediately through CS just like any other broker. + + +You think you've seen market manipulation but things are just getting started. They're not burning the midnight oil in those buildings doing nothing. These articles never mention the overshorting or the market manipulation via algorithms. They all continue to imply that the fundamentals still matter. We know the numbers are fake. So far the propaganda has only been to spread doubt among those that could potentially invest but are uncertain and still trust the markets. To be honest, I think they've accomplished this. I say this not to help them with their FUD but rather to perk your ears up and prepare you for what's to come. The next stage of propaganda is going to be focused on the Hong Kong stock and how even though it wasn't a meme stock, that meme tactics are not based on fundamentals but rather pump and dump schemes akin the crypto. This serves a few purposes, targeting investors on the sidelines and those who are currently holding but don't understand the DD. They will equate meme stocks to crypto pump and dumps in order to lower public sentiment for those participating. This is so down the line if things don't go their way and gme crashes the economy, they can blame us rather than taking responsibility. This stage is all about establishing negative public sentiment. The next stage is all about anti-dRS and why brokers are your best bet whether you're a meme stock investor or not. They will make every attempt to convince you that unless you leave your shares with brokers, a massive dump will happen and you will lose everything because DRS is too slow to sell for how quickly and volatile the market moves with "memes stock" . Remember it doesn't have to work perfectly for them, just enough to kick the can another day. Trust the DD, DRS Everything, hodl forever. No cell no sale. +I don’t care what anybody says. I can almost guarantee that almost all of us invested into GME have already parted ways with the money. I often forget that my shares even have a monetary value. IT’S TOO EASY TO HOLD YOU LITERALLY DO NOTHING + +Anyhow, not seen enough of these lately 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +EDIT: Wow.. unbelievable response. Much love everybody from the UK ❤️ + +EDIT: Whilst this post has attention, special mention to u/gherkinit for the daily posts and streams. +I don’t care what anybody says. I can almost guarantee that almost all of us invested into GME have already parted ways with the money. I often forget that my shares even have a monetary value. IT’S TOO EASY TO HOLD YOU LITERALLY DO NOTHING + +Anyhow, not seen enough of these lately 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +EDIT: Wow.. unbelievable response. Much love everybody from the UK ❤️ + +EDIT: Whilst this post has attention, special mention to u/gherkinit for the daily posts and streams. +I used to be a major fan of Amazon, in good part because I thought it was always cheaper than alternative sources of goods. That became a lazy habit of mine, and I even thought that Subscribe and Save *must* ensure I'm getting the lowest price on each good. + +But, that's very often not the case. Before I go into when it's not the case, I will state: it occasionally saves me money on certain items but this is a minority of cases. + +So, when have I found Amazon not to be the cheapest? + +Conditioner + +Razors + +Soap + +Toothpaste + +Bicycle maintenance items (e.g. cleaning/lube products) + ++more + +I've found that if I were to bulk buy these items on Amazon, even using Subscribe and Save, I'd be spending almost 20% more buying the exact same product through Amazon compared to shopping for them at Asda. This is before potential delivery charges, or accounting for delivery costs through Amazon Prime. + +There have been items that are cheaper on Amazon, but it's usually not the case. + +For anyone looking to spend wisely, don't rely on one retailer, especially Amazon. You don't have to shop through a dozen retailers for each item, but I always cross reference prices across Asda, Amazon, and eBay to see which items I should buy where. +a 50% retracement off ETH's high of 420 might see it trend down to 210, but I always said it if it came in to 250, I would buy more. So I did and I'm fine with seeing this go to 210. +Over the last couple years, most (if not all) mobile networks have changed the way they figure out your yearly price increase. It used to be worked out based purely on RPI, which was usually around 2.5%. For most people, this worked out to be *at most* £2, and that's assuming you're on a ridiculous £100 a month contract. + +However now, it's based on CPI + arbitrary % they choose. At the moment, they're usually around 3/4%. For Vodafone for example, it's 3.9%. + +At current levels of CPI inflation (4.2%), that means I can expect my mobile bill to increase in April by a whopping 8.1%! That's assuming inflation levels stay the same and don't increase which is highly unlikely in this economy right now (most economists seem to agree 5% before Spring is likely). + +I don't know about other people, but this is making me rethink the way I do my phone contracts moving forwards. You're essentially paying 8% interest on your initial contract amount if you purchase just before the start of the financial year because that's when the increases happen. You would probably be better getting a loan from the bank and just buying it outright. + +Of course Samsung and Apple directly do have their own 0% finance (and swap) schemes, so I would suggest if you're upgrading right now that you look at these and just opt for a cheap sim only from Voxi or something as they're 30 day rolling contracts and therefore you can just swap around if they increase it. +Basically due to working from home, I've been putting away £1.60 to replicate how much I spend on a cup of coffee at work Monday to Friday. So far I've saved £25.60 I started this on the 2nd April. + +I know it's a small saving but over a year that's £384. + +Has anyone done anything similar? +Given the median house prices and the media wage, lots of people have a Hugh mortgage debt. Why are they not sacred? For example, if the economy turns or if they loss their jobs. Do they have a backup plan? +I just want to get this message to all sufferers and take a moment to talk about the negativity being thrown around and the potential mental health crisis that could unfold for many people here. + +I know the general sentiment is to shit on all the people with negativity about "you should've sold when you had the chance", etc and I understand why some of them feel that way. But I want to remind the people that you could be exasperating some serious inner self-turmoil for many people based on these words causing their mental health to be in ruins. + +In these times, we have to help these people up and give them good advice without sounding pompous. + +&#x200B; + +**My Perspective about Holding - Hindsight 20/20 - May put your mind at ease** + +Holding is not a bad idea granted you could actually afford to which is what I feel people missed out on. + +The point is, it wasn't completely horrible to get involved because truly, hindsight is 20/20 for situations like this. This was an unprecedented event in the likes the world has literally never seen. How could you possibly have predicted it to the tee? You can't pretend like you're the smartest in the room that saw all this coming. You can only extrapolate the data as it comes and watch as the event unfolds. + +I'd say you can call it more of a gamble than an investment, but it doesn't take a genius to understand that when getting in. The fact is, expectations should have been set better for all the new people that joined. + +Like I said earlier, the only people to worry about are the ones who truly have lost a majority of their wealth from this. I'm all about the movement but realistically if I invested at the starting price before it spiked to $400, I probably would've sold enough to cover my initial investment and kept the rest to be a part of the movement. + +&#x200B; + +**Some Lives Have Been Destroyed... Let's not deny it** + +There are some people here that really went all out. Like I don't know if you've been paying attention, but I've seen it on blogs, on many subreddits, on social media. Some people really have gone ALL OUT or have thrown a majority of their wealth on this. + +If this is the case, I'd start talking to a financial advisor immediately about what your next steps are. My deepest sympathies go out to the guys and gals who are feeling breathless and suffocated in these times, that in it of itself has been giving me more anxiety than anything else. Just looking at all the people who put in way more than they could chew... it honestly destroys me. I have anxiety myself and I can't imagine what you people are going through right now. + +I can see people hurting themselves over the decisions that have been made in the past 2 weeks. Especially with the pandemic at an all time high and already causing mental health ruin, this does not help. + +For the people that feel destroyed - you are going to get through this. I know it really sucks but you will. Life can change at an instant at any second the same way it can go to shit. The same way you feel you're never going to find that person to fall in love with and the next second some gorgeous girl is going out with your ugly bum. In either case, little by little, you'll fix this and you'll have become stronger for it. + +&#x200B; + +**Upside and Lessons** + +On the flip side, I and I'm sure many have had and are having a lot fun being a part of this movement. I hope this was a valuable lesson to many who had thrown everything in to not let emotions get in the way of making smart investment decisions. + +This was a volatile market, and should have come in understanding that this was basically gambling money as much as it was an attempt at a short-term investment. Going forward, if you decide to stick around and invest in the stock market in general, it really can be an enjoyable experience to play with the numbers in a way that doesn't get your heart dropping every 2 seconds. + +If any of you need to talk or are feeling low, the PMs are open, and I'm sure there are many people that can and will help you get through this. + +**Closing thoughts... hold if you can afford it and have been in it for the movement. But don't have any expectations of this giving any real returns going forward.** +&#x200B; + +https://preview.redd.it/e8zw5ohecaz61.png?width=500&format=png&auto=webp&s=c9c5ec6d652d4f3bda69e2221e9a88f7ee4da7db + +I'm a successful, self-made businessman, after a successful corporate career. I'm not dumb. But, holy shit, when I read some of the DD here?!?!?! I'm sitting at your feet, learning. You guys do amazing work! + +I tell people that what goes on here on this sub is like when the internet sleuths join together from all over the world to solve a cold murder case. That's what you guys are doing here. So awesome. Thank you for sharing it. Thank you for teaching so many of us. + +Just know that a lot of us would love to buy you a beer. +Guten Tag to this global band of Apes! 👋🦍 + +Apes, there is something truly exciting going on with GME, and while I have no idea *what* it is, my tits are getting more and more jacked each day. There has been a huge new push by Apes to DRS their shares, reigniting the movement to lock the float outside the control of the DTCC. DRS is the way - there is no mechanism to ensure the MOASS that is more powerful than HODLing the entire float in ComputerShare, ensuring that not a single share can be lent, not a single share can be shorted, and ensuring that any non-DRSed shares are 100% known to be phantoms. + +Apes can do it - I know we can, and we'll know when we do. Fidelity, while previously a reliable and fast partner in DRSing shares, appears to be slowing the pace. The recent aggressive attacks on the price of GME don't seem to have a good explanation either, other than that the institutional shorts are very concerned about *something*, and are trying to drive the price down preemtpively. + +They may not remember, but they are up against Apes with Diamantenhände, who have HODLed their shares through far worse will buy the dips *every time*. We like this stock, and offering temporary discounts will not shake our resolve. + +Today is Thursday, December 2nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$184.01 / 162,64 €** *(volume: 2341)* +- 🟩 115 minutes in: $183.34 / 162,05 € *(volume: 1961)* +- ⬜ 110 minutes in: $183.27 / 161,99 € *(volume: 1951)* +- 🟩 105 minutes in: $183.27 / 161,99 € *(volume: 1949)* +- 🟥 100 minutes in: $183.07 / 161,81 € *(volume: 1946)* +- 🟥 95 minutes in: $183.26 / 161,98 € *(volume: 1883)* +- 🟥 90 minutes in: $183.60 / 162,28 € *(volume: 1825)* +- 🟩 85 minutes in: $183.61 / 162,29 € *(volume: 1798)* +- 🟩 80 minutes in: $183.47 / 162,16 € *(volume: 1791)* +- 🟥 75 minutes in: $183.22 / 161,94 € *(volume: 1758)* +- 🟥 70 minutes in: $183.47 / 162,16 € *(volume: 1739)* +- 🟥 65 minutes in: $183.87 / 162,51 € *(volume: 1703)* +- 🟥 60 minutes in: $183.94 / 162,57 € *(volume: 1678)* +- 🟩 55 minutes in: $184.04 / 162,66 € *(volume: 1487)* +- 🟩 50 minutes in: $183.95 / 162,59 € *(volume: 1387)* +- 🟥 45 minutes in: $183.87 / 162,51 € *(volume: 1045)* +- 🟩 40 minutes in: $183.89 / 162,54 € *(volume: 1041)* +- 🟩 35 minutes in: $183.71 / 162,38 € *(volume: 1023)* +- 🟥 30 minutes in: $183.68 / 162,35 € *(volume: 1007)* +- 🟩 25 minutes in: $183.89 / 162,54 € *(volume: 867)* +- 🟥 20 minutes in: $183.39 / 162,09 € *(volume: 665)* +- 🟥 15 minutes in: $183.46 / 162,15 € *(volume: 556)* +- ⬜ 10 minutes in: $183.58 / 162,26 € *(volume: 519)* +- 🟥 5 minutes in: $183.58 / 162,26 € *(volume: 504)* +- 🟩 0 minutes in: $184.19 / 162,80 € *(volume: 284)* +- 🟥 US close price: $179.84 / 158,95 € *($182.50 / 161,30 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1314. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +While this forum does allow discussion of alt-coins, alt-eths and legacy coins there has been an excessive number of ETC posts which drown other more relevant posts. In a effort to declutter the sub please post new etc-related threads here instead. +So my portfolio is 100% VTI. Im looking to allocate one more etf and make it about 30% of my portfolio. Ive been eyeing $VGT and $SCHG I am 23 years old and mostly looking for high growth year over year. +Coke is just soda. + +Levi’s are just jeans. + +The iPhone is just a phone. + +Yet, we go out of our ways to select certain brands over others - most of the time at a higher price \[1\]. Everyone knows the importance of reputation for a company. Highly reputable brands have multiple things going for them: + +* Their customers are extremely loyal and drive recurring purchases +* The public is vocal about recommending their brand and products +* Easier to expand to other markets as their reputation precedes them + +Basically, you can consider having a great reputation to be a positive feedback loop on steroids! In an economy where 70-80% of the market value of a company comes from intangible assets like brand equity, intellectual capital, and goodwill \[2\], reputations can make or break a company’s performance. + +In one of my previous analyses, we had discovered and proved that the [best companies to work for routinely beat the market in stock returns](https://www.reddit.com/r/wallstreetbets/comments/ok4l9c/i_analyzed_the_performance_of_companies_in_the/). So this week, let’s see how the most reputed brands have performed over the last decade! +___ +**Data** + +While there are multiple companies that measure reputation, I chose the [RepTrack](https://www.reptrak.com/) list for my analysis as they seem to be the most established ones and have been creating their top 100 list for the last 2 decades. + +They base their study on more than 240K responders over 15+ countries and the rating tells us how the companies are regarded by the general public. They have multiple factors that go into the final ranking, but for this analysis, I am only considering the final rank of the company. + +I am considering the companies that were present in the Top 10 list at least once in the last decade \[2012 - 2021\] +___ +**Analysis** + +RepTrack publishes their result in March, every year. Since I could not find any fixed date of publication, for the purpose of the stock price calculation, I am using April 1st of every year as my investment date. + +Even though the company produces a Top 100 list, I have limited my analysis to the Top 10 companies \[3\]. We then calculate the stock returns generated by these companies \[4\] over various time periods (1-year, 3-years, 5-years & till date) and then compare it to our benchmark. \[5\] +___ + **Results** + +**Return Comparison - SPY vs Top 10 - Most Reputable Brands** + +|Time Period|Most Reputable Brand (Avg Return)|SPY (Avg Return)|Alpha| +|:-|:-|:-|:-| +|1 Year|17.1%|16.2%|0.9%| +|3 Years|44.8%|41.2%|3.6%| +|5 Years|94.1%|77.9%|16.2%| +|Till Date|188.3%|136.4%|51.9%| + + + +Companies in the most reputable list have consistently beaten SPY over different time periods. There is a significant improvement in overall return when holding the investment for a longer-term. + +My hypothesis here is that, even though the short-term returns can be affected by market cycles, over the long run, companies having a great reputation end up outperforming their peers, and this is reflected in their stock price. + +[Another interesting insight](https://preview.redd.it/shv1yw10q8q71.png?width=761&format=png&auto=webp&s=2b85dbf0596b22f9d93bfa3f1cd954f012e9e796) we can derive from the data is the performance of the top-10 companies in each year’s list. As we can see, the most reputable brands beat SPY by a considerable margin in 7/10 years \[6\]. +___ +**Limitations to the Analysis** + +There are some limitations to the above analysis that you should be aware of before trying to replicate the strategy. + +* Ideally, the backtest should be done over 30-40 year’s worth of data as we would know how the changing trends would impact the analysis. The last decade or so was predominantly biased towards tech. +* One should also benchmark this against the companies having an average or poor reputation to see if reputation is indeed a distinguishing factor that is driving the returns. \[7\] +* Finally, reputation is just one factor related to the company. There are companies whose reputations are in the gutter but have produced extraordinary returns for their shareholders (Facebook gave 175% return & Volkswagen gave 117% return in the last 5 years even after all the scandals they have been through). +___ +**Conclusion** + +Whether you like it or not, brands seem to have a significant impact on our daily lives. Just think about the number of times you/your friend have sworn by a brand and recommended it to everyone \[8\]. Almost all the brands in the top 10 list (eg. Rolex, Ferrari, Adidas, Harley-Davidson) have users that are extremely loyal, willing to pay a premium, and acts as unofficial spokespersons for the company. + +Our analysis, in turn, proves that all these positive factors cause the company to outperform the market! So now you know what to do next time when your friend is swearing by a brand. + +Until next week… + +Google Sheet containing all the data used for analysis: [Here](https://docs.google.com/spreadsheets/d/1GXIVdlQBYW8PWbvJSHNvV9obf2p9Ql-dWR5vb1-JeKo/edit?usp=sharing) +___ +**Footnotes and Existing Research** + +\[1\] [This great video](https://www.youtube.com/watch?v=4eIDBV4Mpek&ab_channel=BigThink) by Big Think showcases how Apple and Nike have spent billions of dollars for creating a positive brand image in our brains and most of us, in the end, are not rational customers. + +\[2\] [Reputation and Its Risks](https://hbr.org/2007/02/reputation-and-its-risks) \- Harvard Business Review + +\[3\] The main reason for stopping with the Top 10 is the manual data pull process. They do not give a stock ticker associated with the stock nor is the list easily parsable. Given we are pulling data for 10 years, I limited myself to the top 10 companies. + +\[4\] A stock is only considered if it’s directly investable from the US market and is an independent company (Examples of companies ignored - Rolex, LEGO Group, and Bosch) + +\[5\] Before you come at me with Pitchforks for using S&P 500 instead of Nasdaq Composite, please take a look at the list of companies. It’s from a wide variety of industries. Adding to this, even though tech provided the majority of returns, starting in 2012, you would not have any idea about the tech run we would be having over the next decade. + +\[6\] I don’t think 2020 and 2021 should be counted here due to two reasons. First, it’s not enough time as we can see from the first graph (there is very little difference in performance over 1 year period), and secondly, 2020 was one of the largest bull runs in the history of SPY. + +\[7\] [This report](https://www.rankingthebrands.com/PDF/Global%20RepTrak%20100%20Report%202016,%20Reputation%20Institute.pdf) by RepTrack shows the impact the Emission Scandal had on Volkswagen + +\[8\] Micheal Platt, Professor of Neuroscience at Yale [did a study](https://www.youtube.com/watch?v=4eIDBV4Mpek&ab_channel=BigThink) that showcased that Apple users show brain empathy response to the Apple brand exactly the same way they would to a family member. Strangely, Samsung users did not have any positive or negative responses when good or bad news was released about the brand +Coke is just soda. + +Levi’s are just jeans. + +The iPhone is just a phone. + +Yet, we go out of our ways to select certain brands over others - most of the time at a higher price \[1\]. Everyone knows the importance of reputation for a company. Highly reputable brands have multiple things going for them: + +* Their customers are extremely loyal and drive recurring purchases +* The public is vocal about recommending their brand and products +* Easier to expand to other markets as their reputation precedes them + +Basically, you can consider having a great reputation to be a positive feedback loop on steroids! In an economy where 70-80% of the market value of a company comes from intangible assets like brand equity, intellectual capital, and goodwill \[2\], reputations can make or break a company’s performance. + +In one of my previous analyses, we had discovered and proved that the [best companies to work for routinely beat the market in stock returns](https://www.reddit.com/r/wallstreetbets/comments/ok4l9c/i_analyzed_the_performance_of_companies_in_the/). So this week, let’s see how the most reputed brands have performed over the last decade! +___ +**Data** + +While there are multiple companies that measure reputation, I chose the [RepTrack](https://www.reptrak.com/) list for my analysis as they seem to be the most established ones and have been creating their top 100 list for the last 2 decades. + +They base their study on more than 240K responders over 15+ countries and the rating tells us how the companies are regarded by the general public. They have multiple factors that go into the final ranking, but for this analysis, I am only considering the final rank of the company. + +I am considering the companies that were present in the Top 10 list at least once in the last decade \[2012 - 2021\] +___ +**Analysis** + +RepTrack publishes their result in March, every year. Since I could not find any fixed date of publication, for the purpose of the stock price calculation, I am using April 1st of every year as my investment date. + +Even though the company produces a Top 100 list, I have limited my analysis to the Top 10 companies \[3\]. We then calculate the stock returns generated by these companies \[4\] over various time periods (1-year, 3-years, 5-years & till date) and then compare it to our benchmark. \[5\] +___ + **Results** + +**Return Comparison - SPY vs Top 10 - Most Reputable Brands** + +|Time Period|Most Reputable Brand (Avg Return)|SPY (Avg Return)|Alpha| +|:-|:-|:-|:-| +|1 Year|17.1%|16.2%|0.9%| +|3 Years|44.8%|41.2%|3.6%| +|5 Years|94.1%|77.9%|16.2%| +|Till Date|188.3%|136.4%|51.9%| + + + +Companies in the most reputable list have consistently beaten SPY over different time periods. There is a significant improvement in overall return when holding the investment for a longer-term. + +My hypothesis here is that, even though the short-term returns can be affected by market cycles, over the long run, companies having a great reputation end up outperforming their peers, and this is reflected in their stock price. + +[Another interesting insight](https://preview.redd.it/shv1yw10q8q71.png?width=761&format=png&auto=webp&s=2b85dbf0596b22f9d93bfa3f1cd954f012e9e796) we can derive from the data is the performance of the top-10 companies in each year’s list. As we can see, the most reputable brands beat SPY by a considerable margin in 7/10 years \[6\]. +___ +**Limitations to the Analysis** + +There are some limitations to the above analysis that you should be aware of before trying to replicate the strategy. + +* Ideally, the backtest should be done over 30-40 year’s worth of data as we would know how the changing trends would impact the analysis. The last decade or so was predominantly biased towards tech. +* One should also benchmark this against the companies having an average or poor reputation to see if reputation is indeed a distinguishing factor that is driving the returns. \[7\] +* Finally, reputation is just one factor related to the company. There are companies whose reputations are in the gutter but have produced extraordinary returns for their shareholders (Facebook gave 175% return & Volkswagen gave 117% return in the last 5 years even after all the scandals they have been through). +___ +**Conclusion** + +Whether you like it or not, brands seem to have a significant impact on our daily lives. Just think about the number of times you/your friend have sworn by a brand and recommended it to everyone \[8\]. Almost all the brands in the top 10 list (eg. Rolex, Ferrari, Adidas, Harley-Davidson) have users that are extremely loyal, willing to pay a premium, and acts as unofficial spokespersons for the company. + +Our analysis, in turn, proves that all these positive factors cause the company to outperform the market! So now you know what to do next time when your friend is swearing by a brand. + +Until next week… + +Google Sheet containing all the data used for analysis: [Here](https://docs.google.com/spreadsheets/d/1GXIVdlQBYW8PWbvJSHNvV9obf2p9Ql-dWR5vb1-JeKo/edit?usp=sharing) +___ +**Footnotes and Existing Research** + +\[1\] [This great video](https://www.youtube.com/watch?v=4eIDBV4Mpek&ab_channel=BigThink) by Big Think showcases how Apple and Nike have spent billions of dollars for creating a positive brand image in our brains and most of us, in the end, are not rational customers. + +\[2\] [Reputation and Its Risks](https://hbr.org/2007/02/reputation-and-its-risks) \- Harvard Business Review + +\[3\] The main reason for stopping with the Top 10 is the manual data pull process. They do not give a stock ticker associated with the stock nor is the list easily parsable. Given we are pulling data for 10 years, I limited myself to the top 10 companies. + +\[4\] A stock is only considered if it’s directly investable from the US market and is an independent company (Examples of companies ignored - Rolex, LEGO Group, and Bosch) + +\[5\] Before you come at me with Pitchforks for using S&P 500 instead of Nasdaq Composite, please take a look at the list of companies. It’s from a wide variety of industries. Adding to this, even though tech provided the majority of returns, starting in 2012, you would not have any idea about the tech run we would be having over the next decade. + +\[6\] I don’t think 2020 and 2021 should be counted here due to two reasons. First, it’s not enough time as we can see from the first graph (there is very little difference in performance over 1 year period), and secondly, 2020 was one of the largest bull runs in the history of SPY. + +\[7\] [This report](https://www.rankingthebrands.com/PDF/Global%20RepTrak%20100%20Report%202016,%20Reputation%20Institute.pdf) by RepTrack shows the impact the Emission Scandal had on Volkswagen + +\[8\] Micheal Platt, Professor of Neuroscience at Yale [did a study](https://www.youtube.com/watch?v=4eIDBV4Mpek&ab_channel=BigThink) that showcased that Apple users show brain empathy response to the Apple brand exactly the same way they would to a family member. Strangely, Samsung users did not have any positive or negative responses when good or bad news was released about the brand +Row, row, row the boat, gently out to sea... + +Recent stake in Taiwan and increased stake in Japan. Hmmm + +&#x200B; + +[https://www.msn.com/en-ca/money/topstories/berkshire-hathaway-sells-807-million-of-shares-in-chinas-byd/ar-AA14p0KG](https://www.msn.com/en-ca/money/topstories/berkshire-hathaway-sells-807-million-of-shares-in-chinas-byd/ar-AA14p0KG) + +&#x200B; + +Story by Reuters • 2h ago + +&#x200B; + +HONG KONG (Reuters) - Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 3.23 million Hong Kong-listed shares of electric vehicle maker BYD for HK$630.33 million ($80.67 million), a stock exchange filing showed. + +&#x200B; + +The sale lowered Berkshire's holdings in BYD's total issued H-shares to 15.99% on Nov. 17, down from 16.28%, a filing to the Hong Kong Stock Exchange showed on Tuesday. + +&#x200B; + +($1 = 7.8141 Hong Kong dollars) + +&#x200B; + +(Reporting by Twinnie Siu; Editing by David Goodman) +The GME squeeze provides a once-in-a-lifetime opportunity to gain more money than you ever thought possible. Oh, but it doesn't end there. As soon as you have that money, it ceases to be a one-off thing. Because stock market gains are % based, it basically means the more money you have, the more money you make. Welcome to compound gains, one of the main reasons people become so disgustingly rich (aside from, you know, crime). + +In fact, there are 2 significant post-MOASS opportunities waiting for us. First is the inevitable market-wide crash as a result of the squeeze. If you put some of your money into a few of those stocks, simply having them recover to normal levels could net you some pretty substantial profits. + +Then there's Gamestop itself. My guess is that it'll settle back down to a few hundred, and with the ongoing expansion / transformation, it could be multiple times that within a couple of years. Depending on how much you put back in, we're talking potentially MOASS level gains all over again. + +\----- + +This brings me to another point - there's really no reason to risk pre-MOASS swing trading. I used to look wistfully at the March peak / drop and think "what if?". But it only crossed my mind because of doubts about what I'd end up getting. Thing is, if I really do sell most of my shares for 20m each, there's no way I would want to take huge risks to increase my gains. And in the event that I don't get that much, I have the same potential to scale up my gains afterwards. + +Not only that, but if you allow yourself to sell at those small peaks, how are you going to react when the price is regularly swinging by hundreds and then thousands? No, best course of action is to condition yourself to hold no matter what. Otherwise you risk paperhanding far too early, or acting on the impulse to swing trade during the squeeze, only to misjudge it and wind up panic buying back in at a massive loss. + +TL:DR + +🍌🍌🦧🚀🚀🚀🚀 -> 🌛💰🍌🥂 -> 💵💥🍌🍌🍌 +I have a little more then 2k in my saving that I would like to grow as much as possible in the next couple months as safely as possible. I plan to play iron condors on earnings and do the wheel strategy on stocks. Any suggestions? I’m not super new to trading but I would like pay my car off with the money I can grow this account to in like 4 months so I would rather not just gamble it away. +Guten Morgen to this global band of Apes! 👋🦍 + +The US markets are closed today, so I'll be covering the entire session on the German exchanges to help everyone who needs a ticker fix. +Last week, I wrote about various ways that you can prepare for the MOASS.Please, continue to spend time doing this valuable work. +Preparing yourself for that moment in time will help you to enjoy it, instead of panicking. +It is times such as these where Diamantenhände are forged, such that they will HODL when truly tested. + +Of course, with the long weekend came a large amount of FUD. +The moderator team that this sub enjoys is truly extraordinary. +I absolutely believe that DRS is the most important action that Apes can take to dial up pressure on SHFs and protect their investment in GME, and Apes continue to DRS at an impressive speed. +We crossed 100 days at 100% utilization and high borrow rates... the pressure is on. +We don't need to reach outside of this community to continue making progress toward locking the float. +We simply have to remain diligent in spreading the word and supporting Apes in taking that step. + +Today is Monday, July 4th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 840 minutes in: **$122.27 / 117,29 €** *(volume: 2378)* +- ⬜ 835 minutes in: $122.32 / 117,33 € *(volume: 2378)* +- ⬜ 830 minutes in: $122.32 / 117,33 € *(volume: 2378)* +- ⬜ 825 minutes in: $122.32 / 117,33 € *(volume: 2378)* +- ⬜ 820 minutes in: $122.32 / 117,33 € *(volume: 2378)* +- ⬜ 815 minutes in: $122.32 / 117,33 € *(volume: 2378)* +- ⬜ 810 minutes in: $122.32 / 117,33 € *(volume: 2378)* +- ⬜ 805 minutes in: $122.32 / 117,33 € *(volume: 2344)* +- ⬜ 800 minutes in: $122.32 / 117,33 € *(volume: 2339)* +- ⬜ 795 minutes in: $122.32 / 117,33 € *(volume: 2339)* +- 🟩 790 minutes in: $122.32 / 117,33 € *(volume: 2337)* +- ⬜ 785 minutes in: $122.31 / 117,32 € *(volume: 2337)* +- ⬜ 780 minutes in: $122.31 / 117,32 € *(volume: 2334)* +- 🟩 775 minutes in: $122.31 / 117,32 € *(volume: 2334)* +- ⬜ 770 minutes in: $122.29 / 117,30 € *(volume: 2334)* +- ⬜ 765 minutes in: 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117,59 € *(volume: 63)* +- 🟩 55 minutes in: $122.63 / 117,63 € *(volume: 60)* +- 🟥 50 minutes in: $122.63 / 117,63 € *(volume: 60)* +- ⬜ 45 minutes in: $122.65 / 117,65 € *(volume: 60)* +- 🟥 40 minutes in: $122.65 / 117,65 € *(volume: 59)* +- 🟩 35 minutes in: $122.67 / 117,66 € *(volume: 49)* +- 🟩 30 minutes in: $122.63 / 117,63 € *(volume: 49)* +- 🟥 25 minutes in: $122.47 / 117,47 € *(volume: 49)* +- 🟩 20 minutes in: $122.50 / 117,50 € *(volume: 46)* +- 🟩 15 minutes in: $122.43 / 117,44 € *(volume: 46)* +- 🟩 10 minutes in: $122.38 / 117,39 € *(volume: 40)* +- 🟩 5 minutes in: $122.37 / 117,38 € *(volume: 23)* +- 🟥 0 minutes in: $122.37 / 117,38 € *(volume: 19)* +- 🟩 US close price: $123.42 / 118,39 € *($123.80 / 118,75 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0425. 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! +Just putting this information out for investors who may not have children or a reason to keep up with schools, but today we got told that (in Georgia at-least), schools will be shut down for the rest of this semester. No more school till after summer break at least. Not entirely sure how they are gonna be handling year end testing, but I’m sure it will involve a “virtual” way, just like all the school work we’ve been doing on Schoology, Moby Max, and Clever Portal. + +People much wiser than I may know what to do with this information, but just thought I’d pass it along. We are also getting a new “shelter in place” order. Most small businesses here are getting completely shut down, and the police have been way more active with curfews. + +Regardless of the virus’ actual spread rate, the fear is spreading more so. +So I am posting this on a throwaway account for personal reasons. fatFire is something my spouse and I have been planning on for the last 10 years and built up a NW of 5M with about 500K being liquid, and the rest tied up on land and equipment (I'm an active farmer). Now that 5M is a rough estimation as we still owe about 800K on a piece of ground that has a 30 year fixed loan. + +Anyways beyond farming I also dabbled in software development. I ended up creating a pretty useful tool for the livestock industry that is saving companies a boatload of costs each year. It is pretty much a white label piece and just collects the yearly payment. I was approached by a company very well known in the industry that wants to buy the program out. The total amount would be roughly 100M with half of that being cash and half being company stock. So 50M cash would and 50M company stock. + +I'm figuring well half of that cash is gone right away to Uncle Sam which would leave me bout 25M cash. That's life-changing plain and simple for us. We live in a fly over state, house is worth maybe 100K small community etc. We talked about it and neither of us want to stop doing what we do for work. The wife enjoys her job, I love what I do. Our thought has been maybe use some of that cash to completely pay off the remaining loan on the piece of ground we are paying on and then just stuff the rest into some retirement investments. + +What would you do? Where would you put this money? Possibly set up a trust? + +My plan is to go speak to my CPA and an attorney but when dealing with that kind of money in this area seems like I need to be informed going into it to avoid being screwed over. + + +Edit: We will also be inheriting roughly 2-3M worth of land from family down the road. +https://www.bloomberg.com/news/articles/2017-09-07/equifax-reports-cybersecurity-incident-potentially-impacting-143-million-u-s-customers + +This is gonna be bad. +So he said he saw this great signup bonus at Red Dog casino.. something like +250% your deposit. I told him not to do it but he said it's too good of an opportunity to pass up. He deposited $1200 dollars so he had a starting balance of roughly $4,000. His playthrough was also over $100k, which he didn't realize. So he starts off on a few different slots, and (as expected) he's winning big. He's up to nearly $8,000 pretty quickly. Then the site starts to work its magic. Losses start piling up, but everytime he gets close to $1,000 he miraculously gets a big win. He got all the way up to $24k. Then right back down. He wasn't even half way through his playthrough when the site just decided to put him out of his misery. Down to zero and another offer for a "generous" bonus. + +So the lesson here is, don't sign up for this garbage or anything like it. + +It's not going to make you rich or get you out of debt. It's a hobby for people that can actually afford it. +I dabble in expert-for-hire consulting as a way of staying connected to industry and getting some work-like personal validation from time to time. Worth a look for some of you fatties with deep technical or corporate expertise. Check out Prosapient and GLG as a starting point, but there are a whole bunch of these firms out there. I'm enjoying it a lot, and it's pretty much all beer/toy money (on 1099-K). + +It's pretty lucrative on an hourly basis -- I haven't seen a dropoff in work (typically a few 1hr calls a month) after bumping rate to $500/hr, and just did an in-person two hour session for $1500 with about 20 min of prep work in a domain I know pretty well, just opining on the state of the industry in response to a bunch of questions. + +If you know your shit and like to talk, it's a nice opportunity to run your mouth on stuff you know about for a small interested audience -- I tend to take calls more-or-less cold, other than answering the questions in the screener survey. + +For those of you ex-corporate execs already doing this type of thing, I'm curious how high you've pushed your rates before seeing pushback in terms of dropoff? +I own a 28,000 square-foot big box store and the long term tenant is about to leave. Clearly big box retail is dying so I’m looking for tenants or ideas to fill this space. Any success stories out there? +This will be a quick fluff / hype post. I’ve been diving deep into NFTs recently because I learn best by doing, and what I’ve learned is SO many people in the NFT space are WISHING for a decentralized NFT marketplace with no gas fees, and none of them know about GameStop’s NFT marketplace, which I believe will be decentralized because if Loopring is their partner, Loopring helps companies build decentralized exchanges / marketplaces. + +I made a new friend today who is into NFTs and crypto for awhile and never heard about GME’s marketplace till I told him about it today, which really just hit home for me how MOST people, even NFT enthusiasts, are not expecting this at all. Of course we’ve been making a lot of noise about this marketplace and some smart whale investors are keeping their eyes open to invest in companies that launch NFT marketplaces, so GME may be on those people’s radars, but for so many others who we don’t reach, they will be completely unaware until it launches, which I believe will lead to early investors like us getting rewarded. I’ve been here since Jan but GME still a fresh AF play with huge company growth coming and MOASS potential. Merry Christmas apes, it’s gonna be a great time, so grateful to be holding GME. Honestly, all it takes to make it is patience and DRS. I’m 100% DRS since Nov. +I saw an auction start at $750k bids go to $905k, didn't meet the reserve. REA paused the auction and took the leading bidder aside and then spoke to the Vendors. + +I left as things were dragging out but I gathered the buyer was going to 'sit down' with the REA for negotiations. + +Just curious if people here have insight as to what those discussions look like? +Guten Morgen to this global band of Apes! 👋🦍 + +After a sustained period of price decline, it seems that GME is potentially heading for another upward breakout. +Such price action doesn't really matter, since nobody is selling for these discount prices. +However, it does often pump new energy into this movement, and that is something that I always welcome. + +The SHFs know that there is no way out of their impossible short positions unless they can get Apes to give up hope. +I don't know how they expect to achieve that, given that we are approaching two years into this movement and their position gets worse each day. +I am optimistic that we could have over 100 million shares locked up by the end of this quarter. +Each day, they fight to survive, paying high fees to borrow shares and racking up new naked short positions when they don't borrow. +Each day, they struggle to maintain margin requirements in a volatile market, needing massive cash infusions just to survive. +Each day, we DRS even more of the float, ensuring that legitimate shares are even more difficult to come by. +They want us to give up hope, but *we* are not the ones who are struggling. + +Our Diamantenhände are ready for whatever they throw at us. +We are investors in the most promising company revitalization in decades. +There is nothing that is going to change my mind on that. + +Today is Monday, September 12th, 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: **$28.87 / 28,73 €** *(volume: 8703)* +- 🟥 115 minutes in: $28.78 / 28,64 € *(volume: 8432)* +- 🟩 110 minutes in: $28.87 / 28,73 € *(volume: 8428)* +- 🟩 105 minutes in: $28.79 / 28,65 € *(volume: 8213)* +- 🟥 100 minutes in: $28.73 / 28,59 € *(volume: 7271)* +- 🟥 95 minutes in: $28.76 / 28,62 € *(volume: 7107)* +- 🟥 90 minutes in: $28.80 / 28,66 € *(volume: 7012)* +- 🟥 85 minutes in: $28.83 / 28,69 € *(volume: 7012)* +- 🟥 80 minutes in: $28.84 / 28,70 € *(volume: 7012)* +- 🟥 75 minutes in: $28.87 / 28,73 € *(volume: 6947)* +- 🟩 70 minutes in: $29.08 / 28,94 € *(volume: 6861)* +- 🟩 65 minutes in: $28.67 / 28,53 € *(volume: 5305)* +- ⬜ 60 minutes in: $28.54 / 28,41 € *(volume: 5055)* +- ⬜ 55 minutes in: $28.54 / 28,41 € *(volume: 5055)* +- 🟥 50 minutes in: $28.54 / 28,41 € *(volume: 5035)* +- ⬜ 45 minutes in: $28.55 / 28,41 € *(volume: 4999)* +- 🟥 40 minutes in: $28.55 / 28,41 € *(volume: 4969)* +- 🟩 35 minutes in: $28.67 / 28,53 € *(volume: 4966)* +- 🟩 30 minutes in: $28.54 / 28,40 € *(volume: 4259)* +- 🟥 25 minutes in: $28.45 / 28,31 € *(volume: 4059)* +- ⬜ 20 minutes in: $28.49 / 28,35 € *(volume: 3787)* +- 🟥 15 minutes in: $28.49 / 28,35 € *(volume: 3787)* +- 🟥 10 minutes in: $28.53 / 28,39 € *(volume: 3459)* +- 🟥 5 minutes in: $28.81 / 28,67 € *(volume: 1363)* +- 🟩 0 minutes in: $28.99 / 28,84 € *(volume: 567)* +- 🟩 US close price: $28.92 / 28,78 € *($28.95 / 28,81 € 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 1.0049. 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 community! + +I live in Germany and I am Italian. I am looking for some recommendations from experts about a good credit card with reliable travel insurance (I travel a lot and often subjected to baggage issues) and some rewards (cashback?) + +Any suggestions? +I sold during last year some ETF units by mistake that made me realize around 40 € of capital gains. Also, I got around 10 € of dividends because of a small position in an individual stock I hold. + +Do you know if "it's ok" not to declare these small gains or are the consequences still bad? +Hi Eupersonalfinance, + +I recently listened to a youtube video with a guy giving his general investment advice, and one thing stuck with me. The message was basically "You already are 'long' in Euro/Europe with most of your life; You earn your salary, you live, you have your family etc. in Euro/EU. So if you want to 'diversify your investments', focus on investing (passively or actively) in other continents. + +I've been thinking quite a bit about this. **Would it make sense to only/mostly invest in index funds that are not covering underlying EU assets, since most of us are so heavily invested in EU already (with the rest of our lives)?** + +Looking forward to hear your thoughts. Let me know if my question was unclear. +For a while now, since the end of 2019, I have been investing with an All Seasons Portfolio strategy with UCITS ETFs. It fits me well as I am perhaps not risk averse, but rather risk conscious, and seek to manage my finances in a way that I am not overly exposed to the cycles in the different parts of financial markets and in investor psychology. + +The strategy has worked as expected so far, with annual returns around 7%, and I share my experiences on a blog on this topic. + +That brings me to what I want to share today, as I have just finished writing an article which compares the historical returns of such a risk parity portfolio as the All Seasons Portfolio against that of S&P 500 since 1927. + +As a recap and a background for those not familiar with the All Seasons Portfolio, it is a strategy that is based on the notion that the economy is fundamentally only driven by a matrix of four forces: higher/lower than expected economic growth and high/lower inflation, and that you build a risk balanced portfolio of assets that flourish in each of these "seasons" and weigh the assets based on their relative volatility. The usual assets are stocks, long-term treasury bonds, TIPS, commodities and gold, with the below allocation: + +- Stocks: 30% +- Long-Term Government Bonds: 40% +- TIPS: 15% +- Commodities: 7.5% +- Gold: 7.5% + +Many investors, especially those allocating all their capital to the stock market with the assumption that "stocks are the best investment over time", have been difficult for me to discuss with, as most use the last decade as proof that stocks are a superior asset class. + +To me, that is a clear case of recency bias, as the Season we have been in has heavily favoured stocks (moderate inflation and decent economic growth), paired with central Bank stimulus. + +While this has been true since 2009 - average annual return of the S&P 500 has been about 13% - my view is that there are no guarantees that this performance will continue. As described by Howard Marks in "Mastering the Market Cycle" and Daniel Kahneman in "Thinking Fast and Slow", performance usually revert toward their mean, or move further toward the other side of the pendulum. + +Recognising that we may not be able to predict how the stock market will perform between 2020-2029, i.e., if it will continue to muster above-average returns, I embarked on a quest to compare a risk-balanced portfolio that is diversified between asset classes and the S&P 500 over a longer period of time, and not only the last decade. + +I compared data of annual average excess return over cash (risk-free rate) and made two interesting observations: + +1) between 1927 and 2014 (my available data), the risk balanced portfolio had worse average excess return than stocks (4.4% vs. 7.5%), BUT +2) during times of higher inflation (which remains a possibility for the coming years), i.e. in 1970s and the last commodity boom 2000-2014, the risk balanced portfolio performed better than the S&P 500, and +3) throughout the examined period (1927-2014), the risk-adjusted excess return of the risk balanced was superior to that of the stock market, with lower standard deviation, and higher Sharpe ratio. + +You can read more about the comparison on the following page: + +[https://allseasonsportfolio.eu/portfolio-update-june-2021-a-study-of-risk-parity-portfolios-against-sp-500-since-1927/](https://allseasonsportfolio.eu/portfolio-update-june-2021-a-study-of-risk-parity-portfolios-against-sp-500-since-1927/) + +The take-aways I want to convey here though, is that: + +1) be careful with recency bias, as stocks may not reward you with the same return in the coming as they have recently +2) change your perspective to become an "investor in financial markets" rather than an "investor on the stock market" to further broaden your understanding of the economy and diversifying your risk between asset classes. +3) you cannot predict what the markets will throw at you, but you can your portfolio against any eventuality + +I hope you found this brief text interesting and useful. Thanks for your attention. +As in the title, I'm beginning to invest my money in 2020. + +I've read quite a lot of stuff in the last few months and now I feel like I can start, said that I currently have around 6k EUR in Savings ( keeping 3K EUR in my bank account just in case ) iI would like to start investing during the year. My current gross salary is around 50k EUR a year, and with my current spending, I'm able to save around 500EUR a month which can be eventually improved up to 800EUR. + +My goal is to have saved (+ interest) around 60K EUR in the following 5 years that I will need to self-found a startup. + +The possible investments I was looking for were a bigger % in ETF\* such as **MSCI World & MSCI Emerging Mar** and then some of the rest in shares of tech companies I like and want to support, especially in industry related to cleantech, smart mobility and space exploration. + +Is this a reachable goal? + +Which advice could you give me in order to maximize my gains? + +Thank you in advance for your help. + +\*Note: I'm planning on using **DEGIRO** for ETF and shares. + +&#x200B; + +EDIT: Thank a lot for the useful advice, iI didn't know about Crowdlending and I will take a look at it. About my plan on investing I've seen a lot of comments referring to 6K per year as my planning investment, but what I was trying to say is that I was thinking of investing 6K + 500EUR a month for the rest of 2020 so if I spread across the year the 6K for instance in 6k / 12 (500EUR) + an additional 500EUR which I'm able to save every month makes 12K for the first year and a 9% salary improvements I'm expecting makes it this way: + + +Year 1: 12k EUR +Year 2: 6.6k EUR + +Year 3: 7.2k EUR + +Year 4: 7.8k EUR + +Year 5: 8.4k EUR + + +Which sums up to 42K deposited in the 5-year time span which means I would like to make \~18K out of compound interest in a 5year time span, this makes it a bit more clear? + + +About index found instead can you provide me any useful resource to have a look at? +Since I can't use Degiro because of my country of citizenship, I signed up for Trading212... + +Now, I see that most of ETF-s are in GBP unfortunately... Is there any ETF like AGGH and IWDA that i am ideally looking for, but that are dividend-accumulating (for tax purposes), based in EUR currency and EU-based (like Ireland based)? + +My assumption is that as EU citizen I should invest in EUR based ETF-s and not be exposed to GBP based ETF-s... +So, I'm interested in investing. + +I recently moved to Spain and I'm not really familiar with its tax system, or investing for the matter. + +I have some money that I'd like to start investing and it would be nice if you can recommend me some beginner youtubers or guides that I could read. + +&#x200B; + +My first read will be [FAQ](https://www.reddit.com/r/eupersonalfinance/wiki/faq) and I was wondering what other info I could use. + +My idea is to focus from what I understand is "passive income", so I can save money each month (around 200-400 euros) and invest those. + +I'm, not familiar with tools that I should use or banks, apps, etc. And what would be a good way to start. + +Also, if anyone has info I could use on tax system would be great. I know some stocks/bonds are not taxable but varies by country. +I’m a bachelor student in Belgium graduating next year and an eu resident just here to internalise the expertise of the many professionals in here and get to know a few people! + +I’ve got an account at InteractiveBrokers but I don’t have the liquidity to even begin trading ($2kUSD). + +So to not waste your time, let me pose my first question, can someone clarify interactive broker’s requirements for me? I’m supposed to have 2K to do anything at all? And it’s just that simple? Or am I doing something wrong? I just find account management at interactive brokers to be so clunky and unclear. :) + +Edit: I’m also in r/options. +I don't understand why for example the Vanguard S&P 500 ETFs (VUSA) traded on the Amsterdam exchange only appear to change in value during the Amsterdam trading hours, and not during the hours when the underlying stocks are traded on the American markets. Could someone explain this? + +&#x200B; + +As I understand it, the ETF is the weighted average of the \~500 underlying stocks, but that would mean that only changes in the value of those 500 stocks would result in changes in the value of the ETF, but apparently, I misunderstand something (and couldn't find an explanation on Google). +I live in Denmark, I am Spanish, I go there often, and sometimes to other EU countries. My Danish insurance company tells me it's very important to have the travel insurance because there are costs that are not covered in some countries, etc. I moved out of Spain when I was covered by my parents' insurance so I don't know very well my own country's system, but in general, is this really true, or they are just trying to peddle me something worhtless? Do you guys take private insurance when you move around with the blue card? +Hey guys, we all know about Revolut, N26 and the like to save money when you want to travel and Toshl if you want to budget. + + +What other great finance apps are you using that are available for europeans? +I am 24 years old.For the next year, I would like to start investing on my own. I do not currently have the opportunity to invest more than 100€ monthly. My netto wage is ~1100€. +I will also appreciate any other advice. +I am looking for a rather short term investment (~5 years), since I am already saving in a bank for my retirement, which is long term (50€+50€ given by my employer monthly). +I am also sending 100-200€ monthly to a conservative bank savings account for buying an apartment ~2 years from now (currently at 40 000€ with the support of my parents). +What strategy would you go with? What platform should I use minding the fact I am from EU? What are the tax rules? +Warning: Potentially Ranty. + +Hey all, 27M living in Berlin as a Software Developer. I was wanting to know if people have any advice regarding the real estate market here. I'm looking for good areas to raise a family in which I could purchase a flat. However, I can't really find anything with 3 or more rooms that are not 800k+. Plus, as a foreigner, I don't know how there hasn't been an uprising over the notary fees and other taxes that the state imposes on home buyers. Does anyone have any other areas that are in Germany where Software Developers could work while raising a family? I can only think of Munich, but that's not really affordable either... +Im looking for some encouragement and light at the end of the tunnel. I am currently new to this and only have an annual dividend income of about $25. Seems very slow. I was wondering for people a little bit farther in, is it worth it? What bills have you been able to replace with your dividends? Can you live off of them? +Hey All, just curious to know how you would invest $50k to maximize your quarterly dividend payouts? Would you put it on a long term dividend reinvestment or a sector ETF? Trying to help a family member with as much info as possible! +Data-sharing website Dropbox Inc. is reportedly hiring underwriters for an initial public offering that is set to come later this year. If this happens, Dropbox would become the largest US-based technology company to go public since Snap Inc. did earlier this year, which has not been successful for the company so far. Back in 2014, Dropbox Inc. was valued at almost $10 billion USD in a private fundraising round. The company has yet to comment on the situation. +In the last year, our department has weathered so much turmoil. We've had: + +1) Our office flooded at the start of the year and we had to relocate thrice before finding a permanent home. As you can imagine this was disruptive. + +2) We had over a 20% churn in the office this year, which for our "rightly" sized unit was a lot. I believe the moves and some of the reasons listed below were directly responsible for this unusual amount of churn. Our 5 year average before this was less than 5%. + +3) My old boss's boss was let's just say, incompetent. This resulted in so many stressful situations for our office, where one minute we were asked to take a 25% cut to our operating budget and next minute everything was ok. I saw my boss visibly age over the last year. That person is now thankfully gone and lasted all of 8 months. I can only speculate that the reason for our multiple moves was the ineptitude of this individual. + +4) Lastly my boss of over 15 years finally left for a much better gig. I am so happy for her but transitioning from her has not been easy. + +In spite of so much turmoil, at least from my perspective, our unit has more than thrived but it has been an incredibly stressful year. It's my opinion that one of the few things that has kept me sane is my journey to FI, and not losing it every time there is a new crisis is a direct result of knowing I would be ok financially no matter what. **That feeling alone is worth so much and a reason to aim for FI.** + +Thanks for reading. +Do you just do a simulated run and see which makes the most money? Check how often it correctly chooses general market direction? I’ve on and off tried to script different algos in python and write my own back tester but I’ve never been able to figure out the best way to do it. +We set up a slack channel for this same purpose just prior to xmas and now have about 30 - 40 coders/traders etc there. Anyone interested in forming teams to work on strategies (arbitrage/short-medium term..) and have experience with financial ML/bot coding/manual trading, feel free to hit me up for the link to the Slack and come join the chat. We're keen to push to explore a range of opportunities in 2019 with others who are committed and knowledgable. +It feels off and particularly fucky. I've been trying to watch New to see if there are posts being downvoted to oblivion, but nothing is catching my eye. + +We've been saying that Reddit would go down when MOASS starts, but what if they've been crafting something different? + +Does it feel off for anyone else? +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 few posts here and there on this sub about how crashes don't matter and instead you will just invest more for discounted prices. I'd strongly recommend watching [this video](https://m.youtube.com/watch?v=oHbYitWqmho), the newscast on the day that the 2009 recession hit the lowest point. About a minute into the video, they mention "we don't even see signs of the rate of descent decreasing", which is my point - it's impossible to know when the bottom is hit. Combine that with loss of jobs for potentially you and your family, and I guarantee in that position your first instinct is not to be buying into what you perceive as possible more descent. +TER hiked from 0.10 to 0.16 + +From their email: “Please note that the base Total Expense Ratio (TER) of ICICI Prudential Nifty Index Fund - Direct Plan Growth will be revised from 0.10 to 0.16 with effect from 07-Jun-2021” +Am I the only one who completely got destroyed this month? I've been run over by trucks like Microsoft, Target, Visa, Home Depot... 6-7 months of profits completely wiped out! + +And this is on 'safer' 15 delta iron condors. + +To those gurus out there who claim you don't need stop loss orders in options. ... well, I seriously disagree. + +Tuition money I guess... +I have never had a job where a 401k is offered but I max out my Roth IRA and HSA. + +Is the only way to get a 401k is through a job that offers it? This seems like such an unfair concept. + +I would like to put more money into tax advantage accounts but Roth and hsa are all I can do. +The ride-hailing company is said to be valued at $120 billion. The company has yet to generate any profits for its early shareholders and debt-holders. In the recent quarter, Uber lost $1.1 billion on $2.95 billion revenue. + +https://www.bloomberg.com/news/articles/2018-12-11/uber-is-said-to-select-morgan-stanley-to-lead-2019-ipo +How often do we get to see a stablecoin go to zero? + +[Well here is one!](https://preview.redd.it/95n3isj6j4p81.jpg?width=1070&format=pjpg&auto=webp&s=d5539fed62a58d730f582b20b15b2f44845df3a5) + +Cashio is an algorithmic stablecoin that was just exploited due to an infinite mint bug and the value crashed + +[Team's statement](https://preview.redd.it/s49mvq08j4p81.jpg?width=1186&format=pjpg&auto=webp&s=05113e0defddbd9242d908fd985ad278d002ae2a) + +The team has asked people to withdraw funds after the exploit has drained all value from the project after the infinite mint exploit. + +An infinite mint allows a hacker to mint literally an infinite amount of stablecoins, thus crashing its value. It's incredible a stablecoin has this kind of exploit lurking in its code. Whats the whole purpose of a stablecoin isnt it.. to ensure its supply is controlled and pegged to USD + +[View from another angle...](https://preview.redd.it/57ytq79cj4p81.jpg?width=946&format=pjpg&auto=webp&s=6e049262b39b3708591e818d36b7fda78107781a) + +Anyone holding funds in the stablecoin just lost all of it. Hopefully no one here got burnt on this. Shows the risk of algorithmic stablecoin +Hi all, + +Some background: I'm a communications associate in NYC making $55K. I recently found out that my department had been willing to pay me $60K, but I asked $55K (I hate when this happens!). + +NOW: I've been there for two years and I've taken on some BIG tasks that go beyond my job's original description. One of the biggest ones has been copywriting the CEO's weekly emails to all staff/board. I feel like I'm grossly underpaid. I recently looked and they're hiring two new positions in my department (which has decreased due to people leaving). For these new positions, both associate level, they're willing to pay anywhere from 60K-65K. + +Now, I think I deserve to make just as much, if not more, given my responsibilities. Part of me would like to ask for 75K, as that feels like a decent amount more than the new people, respective not only of my tasks but also my longer time there. + +Is that reasonable? Or will I be laughed out? +It's all employer paid, but at the same time I'm going to be taxed on it so I'm not really sure if it's worth it. Private healthcare is about 1k a year they pay, and healthcare cash plan is about 120 a year. + + +I'm thinking of keeping the cash plan because it will pay for opticians and glasses, but not really sure if it's worth it because I'm going to pay 20 percent in tax for the amount if I understand correctly even though I'm not getting paid more +Article: https://nypost.com/2021/08/14/ambitious-sec-boss-gensler-cultivates-sen-elizabeth-warren/?utm_campaign=iphone_nyp&utm_source=message_app + +Credit to: https://old.reddit.com/user/Bop42 + +Main Attack: That Gary Gensler has his eye on Treasury Secretary role and is cozying up with Elizabeth Warren towards that end (exact language: he is 'jumping for' Elizabeth Warren) + +******************** + +Follow on to this post -> +https://old.reddit.com/r/Superstonk/comments/p39qc0/cnbc_attempts_to_discredit_sec_chair_gary_gensler/ + +By Peanut King 86 + +******************************************** + +That refers to CNBC editing Gary Gensler interview and suggesting that talk of Dark Pools by Gary Gensler was conspiracy theory + +**************************************** + +Today, Aug 15th there is a post by Charles Gasparino attacking Gary Gensler + +Article: https://nypost.com/2021/08/14/ambitious-sec-boss-gensler-cultivates-sen-elizabeth-warren/?utm_campaign=iphone_nyp&utm_source=message_app + +Charles Gasparino's career highlights include + +* Currently works for Fox Business + +* In the past has worked for CNBC + +* Falsely claims to have been nominated for the Pulitzer Prizer (https://en.wikipedia.org/wiki/Charlie_Gasparino) + +* Shilling against stopping Payment for Order Flow (please check his Twitter) + +* Marketwatch naming him a Top 10 Business Journalist + +************************************ +If you haven't already seen, this post is part of a series: + +* Part 1 [GMERICA: Whale-Financed](https://www.reddit.com/r/Superstonk/comments/yefhfd/gmerica_whalefinanced_and_the_activist_investors/) \- Icahn connection to RC & Gamestop +* Part 2 [GMERICA: Whale-Played](https://www.reddit.com/r/Superstonk/comments/yixaai/gmerica_whaleplayed_the_wombo_combo/) \- Jeffries connection to Gamestop x BuyBuyBobby + +# It's all going as planned. + +Today MSM dropped articles that were [84 years old](https://www.reddit.com/r/Superstonk/comments/z1gsa5/carl_ichan_admitted_to_shorting_gamestop_in_an/) attempting to spook investors that Carl Icahn was shorting Gamestop, and that's great news. + +Why? Because all shorts eventually go long and become buyers - u/DeepFuckingValue + +So why did MSM pick today, of all days to release the old article? + +Here's the real reason: + +# Icahn Enterprises has Entered the Chat. + +On November 21, 2022, Icahn filed Form [424B5](https://www.ielp.com/node/15986/html), a prospectus to announce the following: + +&#x200B; + +[$400M offering through Jefferies LLC](https://preview.redd.it/bn422z0kef1a1.png?width=892&format=png&auto=webp&s=c087364ad1daafb3d1bccec64a31ca1c2660b0dd) + +>**Icahn Enterprises L.P.** +> +>This prospectus supplement and the accompanying base prospectus relate to the offer, issuance and sale from time to time of our depositary units representing limited partner interests in Icahn Enterprises L.P. (“depositary units”) having an aggregate offering amount of up to **$400,000,000 through Jefferies LLC (the “Agent”)**. These sales, if any, will be made pursuant to the terms of the open market sale agreement dated November 21, 2022, between us and the Agent that will be filed with the Securities and Exchange Commission as an exhibit to a Current Report on Form 8-K. + +Look at that, Jeffries LLC, the same agent between Gamestop, BuyBuyBobby, and now Icahn Enterprises. Probably a cohencidence. + +The prospectus was dated **July 26, 2022**. Guess what happened the next day? + +&#x200B; + +[RC tweets on July 27, a day after Icahn Enterprises puts up a $400M offer](https://preview.redd.it/p5a22vcpef1a1.png?width=573&format=png&auto=webp&s=8724ae89bbc37b0ae2922af6c43fb7d816b55afb) + +JFC. The chairman knew. Makes sense for that GMEdd interview released yesterday. The lawyers have signed-off, RC has gone on record to say his tweets have no meaning (wink). + +# Prospectus: Use of Proceeds + +The prospectus outlines this very interesting part: + +&#x200B; + +[IEP outlines the use of proceeds for potential acquisitions or limited partnership](https://preview.redd.it/glgid58mff1a1.png?width=915&format=png&auto=webp&s=1a91b7fe7cb7f718a6794d3e6b49d9a32bc9e121) + +Sounds pretty bullish. I wonder what they might acquire or who they might form a partnership with? If you caught my last 2 parts in this series, I speculated a possible buyout, spinoff, and merger. + +It would elevate Wombo Combo to another level: + +# THE WOMBO BREAKER. + +There is no doubt in my mind that BuyBuyBobby is core to RC's strategy due to total return swaps that are holding this rocket down, and by removing bankruptcy as an option for BuyBuyBobby and eliminating cellar boxing - it will send this $GME rocket beyond the stars. + +Here's an ELI5 infographic from Teddy.com: + +&#x200B; + +[From Teddy.com, Ryan Cohen's tribute to his father](https://preview.redd.it/0ptqpih3hf1a1.jpg?width=1500&format=pjpg&auto=webp&s=5f94eabed44d8402fc82990baa24e9afcbdd08a2) + +On the left, kid wearing pants with stars holds a piggy bank (Gamestop) and points to circle = DRS. + +To the right, kid wearing a pirate tshirt is holding a piggy bank (BuyBuyBobby) and is out of reach for shorts (bear). + +The two piggies are secured and this rocket is ready for an Icahn Lift-off. + +# Can you imagine what SHFs are going through right now? + +* Short BuyBuyBobby = Icahn buys it all for cheap. Deep fucking value play. +* Short Gamestop = Icahn closes his short position to create Buy Pressure and apes load up before the rip. +* Icahn can initiate the MOASS and it is inevitable because now there are two rockets, but only 1 will reach Uranus. + +&#x200B; + +[Icahn Lift = shorts become longs](https://preview.redd.it/o3hdebiihf1a1.png?width=490&format=png&auto=webp&s=bc28b4a8c3ebb66b9818b08197caaec955b81a70) + +HOLD OR HODL? Your choice. + +DRS because DTCC committed international securities fraud. + +See ya in the [Infinity Pool](https://www.reddit.com/r/Superstonk/comments/mpvx9n/the_infinity_pool_naming_a_theoretical_posit_for/) ♾️🏊 + +MOASS IS TOMORROW. + +&#x200B; + +[Cheers](https://preview.redd.it/rr961y1nhf1a1.jpg?width=600&format=pjpg&auto=webp&s=d433c04c91241569f1b2865dd79d1da95b0a1ca1) + +Edit 1: + +u/LetsBeatTheStreet shared the following about Icahn: + +>Look at this in its entirety — there was a S-3 was filed on 7/15 ($1.2B), then EFFECT on 7/26, with the 4245B5 filed on 11/21 ($400M). What does that add up to, **a total of $1.6 Billion**. Add the $250M from the recent Twitter sell, Carl is building a war chest. +> +>[https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=333-266174](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=333-266174) + +In part 1 of [GMERICA: Whale-Financed](https://www.reddit.com/r/Superstonk/comments/yefhfd/gmerica_whalefinanced_and_the_activist_investors/): + +When asked about the crypt0currency space, Icahn admitted he might invest heavily into digital assets. On May 27, 2021, Icahn said the following on Bloomberg about digital assets and meme stonks: + +>"I mean, a big way for us would be, you know, **$1 billion, $1.5 billion**," he said in an interview, adding, "I'm not going to say exactly."\[...\]"I don't think Reddit and Robinhood and those guys are necessarily bad, I think they do serve a purpose," he said.Link - [https://markets.businessinsider.com/currencies/news/carl-icahn-cryptocurrency-investment-1-billion-digital-assets-bitcoin-skeptic-2021-5-1030470155?op=1](https://markets.businessinsider.com/currencies/news/carl-icahn-cryptocurrency-investment-1-billion-digital-assets-bitcoin-skeptic-2021-5-1030470155?op=1) + +Looks like Icahn is putting his money where his mouth is. + +**Talk is cheap, it takes Billions to buy whiskey.** +I recently came across an article on Business Insider regarding how much superannuation you should have at each age. Given this report was conducted by ING, I would love to understand whether the below milestones are realistic and achievable. + +At age 30, you should have $88,000 in super. + +At age 40, you should have $262,000 in super. + +At age 50, you should have $604,000 in super. + +At age 60, you should have $1,252,000 in super. + +URL link post in comments section +Hi, + +Long story short I got out of an abusive relationship after almost 10 years and needed to turn to credit to cover costs of moving, deposit and essential white goods. My income is good for my area but I've been managing on sick pay since September as I had a lot to recover from which ate up a good deal of my savings, I'm ready to get back to work now so my income should go back to normal. + +Debts +Tesco - £5000 (Interest free until Sep 2023) +Home Essentials - £675 (64.9% apr) +Capital One - £1500 (26.4% apr) +Capital One - £400 (25.69% apr) + +Total; £7575 + +I have £1450 available in a savings account which I could put towards debts now or keep for any other tight spots, it's a help to save account with the Government, you can only pay in £50 a month but they give you £25 for each month you do that, if I continue saving into it each month then in August 2024 I would get back the money I've put into it plus £600 bonus. + +I can also get a loan for £6500 if needed, which would be at 38.88% apr, I would pay back £374.55 a month over 2 years. + +My monthly income after tax is around £1776 and bills are £1186. + +If I took out the above loan that would leave me with £215.45 spare a month for discretionary spending / extra payments towards the loan, or if I don't take the loan I could put that £370 a month towards paying the cards but I'm not sure which order to pay them to save the most interest & clear them the fastest. + +I would appreciate any advice that can be given, I was never taught how to handle finances and my parents have always been in massive debt since I was born so I can't listen to their advice! I don't actually understand what APR is or how it works so I'm hoping to educate myself on how to do all of this. + +I consider myself to be sensible and have tried my best, I got my current job in January which is what enabled me to leave in the first place, before that I made much less but still always managed to pay all our bills without needing to go into debt. This situation isn't ideal but it was neccessary for my safety and wellbeing, even if it ended up being more costly than I anticipated. + +Thanks for reading! + + + +*** Update *** + +Thank you so much for everyone's advice, I have a much clearer understanding on what to do now. + +I was able to get a 9 month interest free balance transfer card, I'm going to pay off the Home Essentials and smaller Capital One card this week. Use £600 from my savings to pay towards the bigger Capital One card then transfer the rest to the new card, I will pay £100 a month to that so it's finished before I start getting charged interest and any spare money I have each month (after allowing myself some discretionary spending) will go towards clearing the Tesco. + +Realistically I can have all my debts down to just 1k on the Tesco card by September and I will also look into getting a different interest free balance transfer card around that time to see if I can avoid paying any interest on the remainder. This went from feeling impossible to being really doable within a year. +Today on the AMD dip I started buying calls thinking it would bounce. I kept buying more and more averaging in thinking it would bounce. Obviously it didn’t and I lost over 7k. I am obviously not happy losing this amount of money in 3 hours. + +For some reason, I have trouble respecting and executing a stop. I know how important they are, and even tried to make a checklist to force myself to do it, but in the moment I just can’t. Today, I was so sure it would bounce. We know what happened. + +Does anyone else struggle with this issue? (Not being able to take a loss because you’re too stubborn or can’t admit you’re wrong and move on?). It is an issue I am really struggling to overcome. + +On another note, has anyone lost this much or more in one day? How do you deal with the losses? Feedback appreciated. +Look guys I won't say we will do 10x or 1000x it just bullshit that every coin says these days. This project is not a pump dump so please don't treat this project as a pump dump. We have a great community most of us are ***ANIMAL LOVERS*** because this community serving purposes for a great cause helping ANIMAL shelters by donations. Join us and be a part of the ANIMAL WELFARE Community. **LET'S USE OUR GREED TO HELP ANIMALS** + +We want this coin to grow more and more because this coin serves a purpose every 1% of the burn goes to the animal welfare community. If you love animals please help this community by holding not dumping. + +Remember every time you buy this coin it donates for good cause. DEVs post proof of donations if that's something you guys are looking for as well. Still very early and most people don't know about it. + +Plus, is on the BSC chain, which means low fees and fast transactions. + +They have a wallet to burn BINGUS and a wallet to send money to charity. + +Check on: [https://bingus.finance/](https://bingus.finance/) + +You can buy it through Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +And you can see the charts here: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Telegram group: BINGUS TOKEN 2.0 OFFICIAL + +[https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +MJ ( One of the founding members ) showed his face and doxxed. + +[https://www.instagram.com/mjcerisano/](https://www.instagram.com/mjcerisano/) + +We are still very early, like, this coin exists for 6 days, and we do have a strong community. + +&#x200B; + +>**AMA UPDATE:** + +DEVs also do AMA every weekend. We had one very successful session yesterday with a lot of questions answered. Here is the summary of the questions that was brought up during yesterday's AMA. + +Things covered in AMA: + +1. NEW SURPRISE DONATION TO [jerseyanimalrescue.com/](https://jerseyanimalrescue.com/). + +Their focus is on saving cats and finding them homes across southern New Jersey. They are a very small operation and we’re in pretty desperate need of a helping hand. We were happy to be able to give them 2.5K USD in BTC. + +**2. Chat questions answered and short version of the answers:** + +***- Is this a rug?*** + +If it is we are doing a really bad job. Liquidity is locked and the only money the team has made has gone right to 4 different animal charities. + +***- How do we verify the integrity of the charity wallet?*** + +Watch the sells. So far we have actually donated more than we have taken out as some of our initial donations have come from the founder's own wallets. This was done to project the price of the coin in the early days when it is most vulnerable. + +***- Why are there so many large bingus wallets?*** + +These are bingus 1.0 holders who were the only ones told about the fair launch. Most are community moderators or involved in a non-official capacity with the project (by non-official I mean just on the website, they are all over the chat). As far as I know, if sell, they plan on selling slow and soft, however, I obviously cannot guarantee that. I take their lack of selling when we had the big pump as a sign of faith in the project, however. They had their chance to sell at a big profit, however, they trust what's coming down the pipeline. Further, this is a huge issue for every low cap coin.... most just have their whales dump at launch, rather than hold. + +***- What is the use case for this?*** + +As of right now, it’s simply to donate to animal charities. As we grow we can explore more use-cases and partnerships with animal welfare organizations. I look at it this way. Traditionally when companies start they make a product then go public and offer stocks. In a way it’s like we are doing is the reverse. We have coins and now we are finding the usecase later, other than saving animals of course. With the people that we have lined up to partner with, that should not be an issue. That said I am very proud of the money we have donated so far, we are acually saving lives. + +***- What is the longterm future for this project?*** + +Personally, I know its insane but I want to crack the top 100 coins on CMC. I want to be, and I think we can be, the animal-focused cryptocurrency. It’s ambitious but I think we are very well positioned to do just this. + +$BINGUS is an awesome project with a lot of potential and amazing devs. Join our telegram group and see for yourself. This could be easily the next moonshot. + +`Disclaimer: Please do not put your hard-earned savings into there if you need that money for your food, rent, or some medical-related expense. Please invest wisely.` +backstory : was relatively profitable with discretionary trading but didnt like how vulnerable one feels when you go through the usual drawdowns. Discretionary trading tends to be like that, its not entirely backtestable with precision as the traders subjectivity plays a role in the decision making process. I wanted to change this so I came up with a concept of a objective pattern that logically might indicate a continuation trade and backtested that. After 5k backtests I noticed certain intricacies that might increase profitability so I backtested that a further 5k. And again, the same thing occurred taking me upto 15k backtested trades. + +Finally a final pattern was born and Ive backtested 25 pairs back to the beginning of 2020 on the 15M, yielding another 5k trades. The final step now is to backtest back to the beginning of 2019 then do some out-of-sample work on the pairs that performed best (perhaps go back to a random year between 2014-2018 and seeing how it holds up). + +Very happy with the results so far as I have been able to weed out some pairs that result in negative/breakeven expectancies. + +Its been hectic but very confident it will be very worth it when I come out the other end. + +Feel free to share your painful backtesting stories (Im sure we can all agree on how boring it is!) +[https://www.propublica.org/article/chime](https://www.propublica.org/article/chime) + +Chime, a “neobank” serving about 12 million customers, has seen 920 complaints filed at the Consumer Financial Protection Bureau since April 15, 2020. People are finding their accounts suddenly closed for suspected fraud and their money inaccessible for months while they scramble to get it resolved. +Hi there. + + +I am currently looking to buy a piece of land, that have two active leases: + +1. A gas station +2. A car dealer + +&#x200B; + +According to the contract, the gas station is responsible for maintenance themselves, they have a lease running until 2026 and in the case they leave, they are also responsible for any cleanup of the ground. + + +The location is pretty good - a commercial area, with other dealerships and lots of traffic. I am, however, a bit worried about the gas station. + + +Do any of you own land, and have a gas station as tenant? Any special things/risks that comes to mind? +There's been a lot of posts lately from newer investors asking for all kinds of advice on getting started in real estate. I love to see these posts, as they remind me what it felt like to invest for the first time. +The utter scariness and unknown of it all. +All the different moving parts. +The friends and their parents who were the biggest naysayers about what you could accomplish. +The idea that you could lose everything and look like a schmuck to these people and your family. + +The scary taxes, you'll have to pay. + +And on and on and on and on. + +All of it was soooo daunting, so I understand when a new investor wants to know as much as humanly possible before they jump in. + + +But here's the thing, when it comes to real estate .... you will NEVER be prepared to start. You will never have all of your bases covered. But that is OK !!!! + + +My best advice (as a fairly seasoned investor) is to jump in NOW. Learn as you go. I promise there is no substitute for real world experience. Try to be prepared and study like a maniac but know that you will make mistakes but you have to keep, keeping on. +And for god's sake, know your math. It ain't hard just know your addition/subtraction, multiplication/division, percents, and fractions. That's it ... nothing more nothing less. + + +Write down your goals and read them every morning and night. + +Dump everything that doesn't get you closer to your goals. + +Surround yourself with people who live like you want to live. + +Dream + +Be fucking bold, go for it, and never ever doubt yourself. + +Everything else is horseshit. + + +Stop it with the god damn Excel spreadsheets +Doing business is a very primal thing, like chasing hot women. You should feel it deep down inside. When you see a hot woman you don't need to go home and run it through your fucking spread sheet. You know it right then and there ..... that's how doing real estate should be !!! The deal is either hot or it's not, stop making it more difficult than that. + + +I've attached a picture of the last deal that I worked up. I want to stress that I'm making a point to all of you newer guys. To the guys who want to run everything through a spreadsheet and want to figure out every number under the sun, before they move on a property. The point is, is that it doesn't have to be hard. +(It's the work up of a $10.5m rehab, done on a scrap sheet of paper, in less than 2hrs. All it took was some multiplication and addition) + +https://imgur.com/a/MoYcWO7 + +(Now I don't recommend that people work up $20m deals on a napkin but I want to impress upon you the fact that it can and does happen ... just like you would for a single family house. All it takes is simple math and NOT trying to calculate for every known number in the universe) + +KISS + + +EDIT: Between this deal and 2 deals I bought last year (70/150unit), l was the lowest offer on all 3 but the speed that I moved at, allowed me to get my offers submitted within an hour or 2 and not days like the other groups. On the 70 unit, I was $7500/unit less than the highest offer but they needed 3 days to come up with their offer. I bet their spreadsheets had every last number plugged in. I kept it simple and trusted my math and that made all the difference. +NFT is now the butt of jokes and its making crypto look bad. There is finally something that can show the world the capability of blockchains and what crypto is capable off, and instead it is turn into a cash grab of JPEGs and weird antics. It was kind of neat as a novelty but now not so much. + +But NFT is so much more and it deserves better. Lets change things by decoupling the JPEG from NFT. I will start first. Here is a random list. + +* Land deeds and proof of ownership. The really cool thing about this is that it can even over time keep track of changes to the property. + * There is a recent Florida auction that was sold this way and attracted over 7,000 bidders. +* Medical records. Imagine your own medical NFT ledger that you can give access to and can deny at will. This includes tracking your access of your data for research/insurance/marketing. + * George Church has started a genome sequencing company called Nebula that is exploring this. + * ever got to a new doctors office and filling a shit load of paper work, twice? Well with NFT it could be just a simple access request. +* IP/patents can be documented and verified so that there is no question who invented what. + * I'm not just talking about selling the NFT as a patent but literaly to track work related to the patents. This is a huge issue when it comes time to say who invented what and who gets the patent. The latest controversy was with CRISPR. +* any type of ID can now be easily verified and difficult to fake - that means someone can't just scan your driver license and make a clone of it. +* Ticketmaster killer, you know what I mean here. And NFT tickets can easily be linked to special subevents like autographs, special access and what not. +* Linking to real world assets to ensure authenticity. One I heard of recently is linking the odometer in cars and preventing people from turning it back. +* Anything that requires a real life contract. +* notary. +* etc. + +the point is that its not something hypothetical; its real and its probably one of the easiest way to increase use of cryptocurrency and blockchains. So lets not do it any more damage by constantly linking JPEGS/digital arts to NFT because its so much more. + +thanks for reading. + +**edit**, thanks for comments: The idea of the post was to open up the discussion for the potential of NFTs and not so much that this list is the only application or even the right application, lots of heated debate with strong opinions below, but regardless I think it achieve what it wanted to do which is open the discussion. +On June 29th SEARS was granted Confidential Treatment Order. + +[https:\/\/sec.report\/CIK\/0001310067](https://preview.redd.it/kham4z2efid91.jpg?width=689&format=pjpg&auto=webp&s=2fc6c70ff1f5560fc765b4b540725a020832ab19) + +This is their first SEC filling since over 2 years by the way. + +https://preview.redd.it/xng8irm2lid91.png?width=1654&format=png&auto=webp&s=b8c3157a3660887f93d59b52ba510d6a0cb9432f + +&#x200B; + +According to below paper, + +Confidential Treatment filings are strongly associated with acquisition/merger + +and 88% of delisted stocks in **granted Confidential Treatment** were due to acquisition/merger. + +[https://www1.villanova.edu/content/dam/villanova/VSB/assets/marc/marc2011/Why%20Do%20Firms%20File%20for%20Confidential%20Treatment\_.pdf](https://www1.villanova.edu/content/dam/villanova/VSB/assets/marc/marc2011/Why%20Do%20Firms%20File%20for%20Confidential%20Treatment_.pdf) + +&#x200B; + +and SEARS is about to be delisted on European market on Monday 25th July. + +&#x200B; + +Potential connection: + +GMERICA Trademark was published on June 28th. Just 1 day before SEARS filling. + +[https://www.reddit.com/r/Superstonk/comments/vm41je/gmerica\_trademark\_gets\_published\_tomorrow\_062822/](https://www.reddit.com/r/Superstonk/comments/vm41je/gmerica_trademark_gets_published_tomorrow_062822/) + +&#x200B; + +EDIT: + +Anyone remembers RC tweet about China rail and possible connection to acquisition: + +https://preview.redd.it/74odyvp47jd91.png?width=616&format=png&auto=webp&s=3d31ca3bfe19f174c8137c42d2a4223a62f5de08 + +**high speed rail(HSR) networks in China** + +**Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976** + +**HSR act requiring parties to mergers and acquisitions report to the FTC and DOJ and file premerger notifications** + +Was RC hinting us about acqusition? We may find out soon, as the 30 day waiting period ends soon. + +Here is the post which explains this speculation: + +[https://www.reddit.com/r/Superstonk/comments/vkpydt/ryan\_cohen\_tweets\_about\_high\_speed\_railhsr/](https://www.reddit.com/r/Superstonk/comments/vkpydt/ryan_cohen_tweets_about_high_speed_railhsr/) + +&#x200B; + +EDIT: + +Another sign of potential acqusition. SEARS suspended due to corporate actions. + +[https://www.reddit.com/r/Superstonk/comments/w5rxmn/blockbuster\_tweeting\_from\_the\_grave\_sears\_now/](https://www.reddit.com/r/Superstonk/comments/w5rxmn/blockbuster_tweeting_from_the_grave_sears_now/) + +&#x200B; + +&#x200B; +Might be an out-there post, but reading Seneca's Letters to Lucilius I was struck by [18](https://en.wikisource.org/wiki/Moral_letters_to_Lucilius/Letter_18) and [20](https://en.wikisource.org/wiki/Moral_letters_to_Lucilius/Letter_20), which advise fatties (like Seneca was) to pretend being poor to rid themselves of the anxiety of losing everything. + +It seems like an interesting experiment for personal growth (i.e., relax a bit about SWR) and for child-rearing purposes (lack of 'practice' being a big difference between the bootstrap generation and their children). Has anyone here tried it? How'd it go? + +Quote from 18: + +> Set aside a certain number of days, during which you shall be content with the scantiest and cheapest fare, with coarse and rough dress, saying to yourself the while: "Is this the condition that I feared?" + +Quote from 20: + +> I hold it essential, therefore, to do as I have told you in a letter that great men have often done: to reserve a few days in which we may prepare ourselves for real poverty by means of fancied poverty. +Guten Tag to this global band of Apes! 👋🦍 + +Today is the final day of another week in the GME Saga, in which we've seen a sustained effort by the institutional shorts to drive the price downward and push back against Apes DRSing their IRA shares via Ally / APEX. It is clear that DRS is having an impact, and much like how they turned off the 'Buy' button last year, this time they're doing their best to turn off the 'DRS Button', even clawing back many of the times it was already pressed... + +Whether or not Ally and APEX are being truthful in their explanation, it is obvious that they cannot be trusted to stand with Apes when their masters are bleeding and asking for help. This is *not* the first time they've done this kind of thing. For anyone who has not already transferred to a more trustworthy broker, now might be a great time to begin the process. As soon as your IRA shares are returned, whisk them off to safety away from any APEX clearing broker. + +For many Apes, this has been a rough few weeks. Do not despair - we are witnessing a portion of the final FUD campaign before an enormous number of FTD shares must be delivered, an incredible number of Put contracts expire, and the anniversary of The Sneeze. The Shorts continue to attack, but we already know the best defense: Diamantenhände. We buy the dip. We HODL our shares. We DRS. They cannot maintain their attack forever as long as we HODL the float that they've shorted several times over. There will come a day when they are forced to begin closing their short positions, and all of this FUD will evaporate instantly. + +Today is Friday, January 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: **$104.55 / 92,21 €** *(volume: 4196)* +- 🟩 115 minutes in: $104.20 / 91,90 € *(volume: 3884)* +- 🟥 110 minutes in: $104.09 / 91,81 € *(volume: 3867)* +- 🟥 105 minutes in: $104.13 / 91,84 € *(volume: 3857)* +- 🟩 100 minutes in: $104.29 / 91,98 € *(volume: 3192)* +- 🟥 95 minutes in: $104.08 / 91,80 € *(volume: 2989)* +- ⬜ 90 minutes in: $104.13 / 91,84 € *(volume: 2899)* +- 🟩 85 minutes in: $104.13 / 91,84 € *(volume: 2725)* +- 🟥 80 minutes in: $103.96 / 91,69 € *(volume: 2608)* +- 🟩 75 minutes in: $104.68 / 92,33 € *(volume: 2237)* +- ⬜ 70 minutes in: $103.97 / 91,70 € *(volume: 1969)* +- ⬜ 65 minutes in: $103.97 / 91,70 € *(volume: 1693)* +- ⬜ 60 minutes in: $103.97 / 91,70 € *(volume: 1651)* +- 🟩 55 minutes in: $103.97 / 91,70 € *(volume: 1598)* +- 🟩 50 minutes in: $103.95 / 91,69 € *(volume: 1517)* +- ⬜ 45 minutes in: $103.84 / 91,59 € *(volume: 1498)* +- 🟩 40 minutes in: $103.84 / 91,59 € *(volume: 1463)* +- 🟥 35 minutes in: $103.79 / 91,54 € *(volume: 1421)* +- 🟩 30 minutes in: $104.14 / 91,85 € *(volume: 1394)* +- 🟩 25 minutes in: $103.74 / 91,50 € *(volume: 1025)* +- 🟥 20 minutes in: $103.23 / 91,05 € *(volume: 1017)* +- 🟩 15 minutes in: $103.57 / 91,35 € *(volume: 982)* +- 🟩 10 minutes in: $102.79 / 90,66 € *(volume: 861)* +- ⬜ 5 minutes in: $102.47 / 90,38 € *(volume: 258)* +- 🟥 0 minutes in: $102.47 / 90,38 € *(volume: 234)* +- 🟥 US close price: $102.67 / 90,55 € *($101.42 / 89,45 € 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 1.1338. 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! +Edit: newer version here; [https://www.reddit.com/r/CryptoCurrency/comments/n5tvpv/due\_to\_a\_high\_number\_of\_requests\_ive\_updated\_my/](https://www.reddit.com/r/CryptoCurrency/comments/n5tvpv/due_to_a_high_number_of_requests_ive_updated_my/) + +Hi everyone. + +I have posted this previously - however there was a few issues which I have now fixed. + +1. Changed to Coingecko api. This now supports the top 1000 cryptocurrencies. +2. Loads much faster. +3. Should work internationally . The last version had formatting issues which caused errors for some people depending on their region settings. This should now work without having to change your excel language settings. Its difficult for me to test this in all the countries so please let me know if you are getting equation errors related to the exchange rate conversions. + +This is a spreadsheet that I have developed for myself gradually over a few years. I have found it very helpful for keeping track of my crypto holdings (good for tax purposes). No need to trust third party apps to keep your personal information - track it yourself. + +There is a lot in here; + +Automatically updates prices from coingecko. The top 1000 coins included. Just select which ones you want to track by typing in the ticker symbol. + +You can choose your local Fiat currency and get live conversion rates for any fiat currency. + +&#x200B; + +https://preview.redd.it/4q0ud2tdcht61.png?width=1904&format=png&auto=webp&s=66c2ddb94458dd40b4a8c4faaedc3cdff58d8fae + +I don't record details of every trade. Just keep track of your crypto purchases (from fiat) and what coins you currently hold. The spreadsheet will calculate the rest and keep a record of how your portfolio and holdings have changed over time (it logs this data every time you save the sheet) + +&#x200B; + +https://preview.redd.it/w2d6u10gcht61.png?width=1507&format=png&auto=webp&s=7238c8d7c64e68055a9878f522a9be246b48ca44 + +&#x200B; + +&#x200B; + +https://preview.redd.it/o8utfeqhcht61.png?width=602&format=png&auto=webp&s=9281d1c62972d691b1828bdc00abced272b4fa7d + +I find this very handy to see if your trading is actually profitable compared to the HODL method. + +&#x200B; + +&#x200B; + +https://preview.redd.it/eb3w4t9jcht61.png?width=929&format=png&auto=webp&s=99def90145a61e3ea19438e75737505d6f16c729 + +There are also plenty of 'moon math' and analytics to see how bitcoin is trending. This includes a full history of bitcoins price which updates every time you open the sheet. + +&#x200B; + +https://preview.redd.it/kpcgd7ykcht61.png?width=1423&format=png&auto=webp&s=9031f21351feeecf638b260a52c04feb57d93d4f + +A few more charts because I like charts; + +&#x200B; + +https://preview.redd.it/6z5y6namcht61.png?width=1133&format=png&auto=webp&s=e8414053e1c36e8a6722dfcb6e62b58bc4958c80 + +Also has a simple 'regret calculator' to more than satisfy your regret quota for the day; + +&#x200B; + +https://preview.redd.it/esdfokaocht61.png?width=351&format=png&auto=webp&s=944d2e278cd8818b95ab1662970fe0c6a8922f69 + +&#x200B; + +free download from here. Instructions inside. You will need macros enabled if you want it to do the fancy stuff. + +edit: new download link (version 14) + + [https://www.mediafire.com/file/wc24a9bgxiaxhep/Cryptoprices14-\_for\_others.xlsm/file](https://www.mediafire.com/file/wc24a9bgxiaxhep/Cryptoprices14-_for_others.xlsm/file) + +&#x200B; + +Hope this is helpful to you in some way. Let me know if you have any issues - I will try and help if you catch me at a good time. This only works in Microsoft excel - it does not work in google sheets. +I don’t know if this is the right place for this, but long story short, the small ( <5 employees) company I (25F) worked for as a W2 worker was sold to a new owner and he would like to pay us as 1099 workers with a slight pay increase ($1 more). I feel like I’m going to end up making less than I did as a W-2 worker once I pay my taxes at the end of the year, but I told myself I was willing to take the L since I hadn’t planned on staying there for much longer (<1 year) and the new owner is currently in a tough spot financially. The only problem is that I’m still in college and my mom pays for my tuition (~$1000 this current calendar year), and since she doesn’t ask me to pay rent, I let her file me as a dependent so she can get tax deductions for my education, but I’m unsure if she can still file me as a dependent and get those education tax deductions if I file as a 1099 worker. + +My new boss is pretty adamant about paying me as a 1099 worker and I worry it’s gonna cost my mom and I thousands of extra dollars in taxes. I could really use some advice from people who know more about accounting and taxes than I do, as I’ve never been a 1099 worker before and I don’t entirely know what that implies and how that affects me as a whole, aside from having to pay more taxes. + +Any advice would be greatly appreciated! If there is a compromise to be made between all parties I’m sure they’d be agreeable, but right now it just feels like I either save my mom money or my boss, who seems to be falling on tough times and whom I feel bad for. It makes me want to quit and withdraw from the situation, but then I’d be out of a source of income. + +I don’t know if this information helps, but she filed my aunt and I as dependents & I have a brother who she filed as a dependent in the past but since he didn’t go to school last year and had a job she let him file as an independent. This year my brother is in school, taking more credits than me and is not working, so she plans to file him as a dependent. + +I live in Hawaii, if that helps! Thank you! + +Edit: this gained a lot more traction than I thought it would and I thank everyone for taking the time to offer me advice. I now realize the real issue is about how I’m being misclassified as an independent contractor when I am most probably not, and not so much about my mom’s ability to claim me on her taxes. I’m going to talk to my boss on Monday and see what recourse I have. + +Edit: I realize I may have left some important information out and since people are still reading this post I figured I’d add it on: + +Since it’s a small company my coworker and I know that there’s a problem with cash flow because we are in close contact with our biller. I don’t know if this makes a difference in the misclassification but not only are we doing regular MA duties but we’re doing things on the management side as well. My boss has also bought my coworker and I a sculpting machine to offer aesthetic services in the future, of which he said we could split the profits 70-30 with him. + +Would the sculpting (in the near future) and management work that we do for him affect my status as a 1099 or w-2? Also, given these other responsibilities, if I were to have a contract drawn, would this make things legal? +As the title states, how many sources of income do you have, what are they, and how much cash do they generate you annually? + +I currently have 2 consistent streams: salary and dividends, generating me roughly $235k/yr combined but have also made one-off investments in a commercial lease-up deal (2017), an angel investment (2014), and cryptocurrency (2017) that have all played out well. I’m looking to generate other consistent streams, and considering commercial real estate. + +Any creative options out there? +There have been a lot of career advice here recently, and while it doesn't seem many people are annoyed by it (at least in the comments) I feel it's a good time to post the sub. + +/r/financialcareers +# MY DEAR APES. + +# Please follow the corresponding guide respective of your share quantity: + +&#x200B; + +* **X shares - Hodl until the millions.** + +&#x200B; + +* **XX shares - Hodl for the X shareholders.** + +&#x200B; + +* **XXX - Hodl for the X and XX shareholders.** + +&#x200B; + +* **XXXX - Hodl for everyone.** ***(You mini whales)*** + +&#x200B; + +* **Exactly 200,000 shares - Do what ever you want, you earned this.** + +&#x200B; + +&#x200B; + +The market has always prided itself on being every-man-for-himself. Apes? Apes make sure everyone gets their ticket's worth on the way to the moon. I don't need $100 million. I want 100 people to have $1 million. + +&#x200B; + +&#x200B; + +***HODL for the person who scraped enough to get just one share.*** + +***HODL for the people who have been a victim of a broken, unjust financial system.*** + +***HODL to show that the 99% are to be fucked with no more.*** + +***HODL to ensure the financial inequality in the world is re-balanced.*** + +***HODL to make the world a better place.*** + +&#x200B; + +**Support a company. Like the stock.** + +**Can't stop. Won't stop. GameStop.** + +&#x200B; + +&#x200B; + +*Disclaimer- Do what ever you want. Don't base your financial investments on my past, current or future posts.* + +&#x200B; + +Edit - changed 'we' to '99%'. I didn't see a problem with it. Someone else did. + + +[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!* +Cryptocurrencies were all the rage this year, with the prices of several coins surging to record highs. But after the spot price of bitcoin, the most popular coin approached $69,000 recently, values have entered a turbulent stage. Though this doesn't mean the rally is over, many would like to know what to do next. + +So, what do you do when your digital assets like bitcoin crash? + +**Accept it** + +For those who have been investing in cryptocurrencies for years, dramatic gains and losses are nothing new. For seasoned bitcoin investors, lower prices are welcome. See the drop of value in bitcoin as an opportunity to purchase. + +**Understand your risk appetite** + +Before deciding to invest in bitcoin or other cryptos, consider whether an 80% to 90% down move in your crypto holdings would cause you to lose sleep at night. If the answer is yes, don’t invest. + +**Avoid buying large amounts of cryptocurrency all in one shot** + +Buy a small amount every month and then just keep doing it, as the price goes up or the price goes down, as opposed to buying it all in this one single crystalized cost which you’re going to have to deal with psychologically for the foreseeable future. + +**Hodl and earn** + +Fortunately, today many platforms allow you to earn cryptocurrency passively. If you'll see the interest rate in the bank - you'll probably laugh in the face of the manager, then in the cryptocurrency market, you can earn up to a solid 17% per annum. This approach will only help you to increase your capital in the future. + +Let's hope this rally is not over yet. However, always keep your eyes open. Feel free to share your thoughts about your strategy in the comments down below, or enter a couple of discussions in this up-to-date Crypto/DeFi discord [channel](https://discord.com/invite/midas). +Guten Morgen to this global band of Apes! 👋🦍 + +If there is one thing that is clear to me throughout this movement, it is that Apes are willing to *WORK* for their investment in GME. Apes know what will work against the SHFs. Buying shares *works*, whether there's a dip or not. HODLing with Diamantenhände *works*. DRS *works*, putting your shares in your own name and preventing any sort of borrowing, internalizing, or other manipulation with the stock you own. Apes developing DD, analyzing theories, and encouraging other Apes *works* by sustaining this community. + +I believe that we are being reminded that BUY, HODL, and DRS *WORKS*, and as long as we keep putting in the work we'll continue to thrive in this movement. + +Today is the final day of the month, which often has a spike in Reverse Repo utilization. Will we see a new record? Will the highly-speculated Margin Call Monday materialize today? Let's see if the German markets give us any clues! + +Today is Tuesday, November 30th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$199.90 / 177,27 €** *(volume: 1272)* +- 🟩 115 minutes in: $199.91 / 177,29 € *(volume: 1256)* +- 🟥 110 minutes in: $199.90 / 177,27 € *(volume: 1253)* +- 🟥 105 minutes in: $200.06 / 177,43 € *(volume: 1193)* +- 🟥 100 minutes in: $200.25 / 177,59 € *(volume: 1173)* +- 🟥 95 minutes in: $200.52 / 177,83 € *(volume: 1133)* +- 🟩 90 minutes in: $200.83 / 178,10 € *(volume: 1119)* +- 🟥 85 minutes in: $200.73 / 178,01 € *(volume: 1102)* +- 🟩 80 minutes in: $200.76 / 178,04 € *(volume: 1080)* +- 🟥 75 minutes in: $200.76 / 178,04 € *(volume: 1058)* +- ⬜ 70 minutes in: $200.92 / 178,19 € *(volume: 1057)* +- 🟥 65 minutes in: $200.92 / 178,19 € *(volume: 1042)* +- 🟥 60 minutes in: $201.04 / 178,29 € *(volume: 979)* +- 🟩 55 minutes in: $201.08 / 178,32 € *(volume: 974)* +- 🟩 50 minutes in: $201.07 / 178,31 € *(volume: 938)* +- 🟥 45 minutes in: $200.91 / 178,18 € *(volume: 934)* +- 🟩 40 minutes in: $201.18 / 178,41 € *(volume: 929)* +- 🟥 35 minutes in: $201.08 / 178,32 € *(volume: 924)* +- 🟥 30 minutes in: $201.38 / 178,59 € *(volume: 922)* +- 🟩 25 minutes in: $201.92 / 179,07 € *(volume: 829)* +- 🟩 20 minutes in: $201.40 / 178,61 € *(volume: 669)* +- 🟥 15 minutes in: $201.30 / 178,52 € *(volume: 648)* +- 🟩 10 minutes in: $201.33 / 178,55 € *(volume: 619)* +- 🟩 5 minutes in: $201.01 / 178,26 € *(volume: 333)* +- 🟥 0 minutes in: $200.94 / 178,20 € *(volume: 133)* +- 🟩 US close price: $202.01 / 179,15 € *($204.50 / 181,36 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1276. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +[Link to relevant page on HMRC](https://www.gov.uk/tax-on-your-private-pension/pension-tax-relief) + +[UKPF Wiki Page on Pensions](https://ukpersonal.finance/pensions/#Tax_relief_on_pension_contributions_%F0%9F%92%B8) + +Just had a conversation in my office and most of my colleagues were unaware that they needed to contact HMRC to claim back the additional 20% (to make the total up to 40%) tax relief on our relief at source pension scheme. + +If you earn over £50,271 (or are a higher rate tax payer due to a reduce tax free allowance) _and_ your pension scheme (and/or SIPP) is a relief at source scheme then you will need to contact HMRC to claim back the additional 20% income tax you've paid on your contributions. + +If you earn less that £100k you don't need to complete a full self-assessment to do this, you can just write to HMRC to claim back the additional tax relief. Your pension provider/s will be able to provide you with a contribution statement that shows your net/gross pension contributions. + +Example: + +>Salary £65k + +>Net Pension Contributions: £8k + +>Gross Pension Contributions: £10k + +Your pension provider should have automatically given you the standard 20%/£2k tax relief, but as you have paid 40% income tax on that £10K, you are owed an additional 20%/£2k tax refund from HMRC - making it so your effective cost was £6k net for a £10k gross pension contribution. + +If your pension scheme is salary sacrifice then this isn't relevant as your contributions are made pre-tax (gross) so you never paid the income tax in the first place. +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. +Yo. I am not a financial advisor. I am merely a engineer with a strong stats background. + +# Intro to the shit + +I've been getting balls deep into figuring out the numbers behind the GME share price. Like too deep. I just dig data and puzzles and shit. After writing up like 35 pages, I realized that I should try to break these up into parts. I will admit most of them are of graphs and tables because visuals say a lot. + +Regardless, I'm here to tell you that I think that retail has never really had the influence they may think they do over any of this and that high frequency trading (HFT) has been in... THE GAMEstop... since 2002. + +[Sheeit](https://preview.redd.it/6dugw8c5pg081.png?width=772&format=png&auto=webp&s=889462bdf1075e1956e82ce27313c735bdc01fc9) + +When the output values of a system are highly predictable on a repeating time scale, it suggests the independent variables are highly controlled or designed to accommodate fluctuations in its environment to result in such a consistent reaction. + +# Let's start with the easier stuff + +I very often have been seeing observational bias so I want to go over + +[High - Low and Open - Close](https://preview.redd.it/nmmtilfamg081.png?width=1139&format=png&auto=webp&s=c694175d7c8549a3385a94681a97ba4c9a4b34ac) + +Since January 2021 witnessed the first squeeze, the below graph displays values from Feb. 1, 2021 to Oct. 8, 2021. March 10, 2021 had an extremely high “High – Low Delta” as shown below. + +[Formatted High - Close and Open - Close values](https://preview.redd.it/unh270fomg081.png?width=1072&format=png&auto=webp&s=fb12486c042cc4601894c6d0f146d2498a9f05ff) + +As time continued, the range of “High – Low Delta” and “Close – Open Delta” become less spread out. + +[High - Low and Open - Close](https://preview.redd.it/6h25cjlumg081.png?width=925&format=png&auto=webp&s=6125edc90b96fdf8315b7f3cec11be047071965b) + +# High and Low + +Viewing the high and low values on a graph, there is no apparent overall trend since the closing and opening values will intermix due to green and red days. + +[High and Low](https://preview.redd.it/b38y4od4ng081.png?width=624&format=png&auto=webp&s=910b806cb00886bdca643c9d37ddf3e4cdca7ed7) + +To view the data in another way, we can look at the max and mins of these deltas to see if a trend is occurring. There is noticeably less order to how it move as also indicated in the share price line just shown. + +[Min, Max, and Range of \(High - Low Delta\)](https://preview.redd.it/m6mlko98ng081.png?width=836&format=png&auto=webp&s=1f0d84d23a1e1c15123ddb905ac00c6020e93ea9) + +Even removing the more volatile months that could act as outliers still we still do not observe any relationship as a function as time. April 2021 to present + +[Formatted Min, Max, and Range of \(High - Low Delta\)](https://preview.redd.it/ysqv7vwgng081.png?width=1041&format=png&auto=webp&s=c281c7a9242e2ab767b7ee3825aa45f1d36959dd) + +# Open and Close + +The open and close values have been graphed to show how as time moves on, the space in between them decreases. This characteristic has been going on for a while so I give advice to not fall for confirmation bias that any recent events has been causing it unless there is statistical evidence suggesting as such. + +[High - Low vs Date](https://preview.redd.it/nhqj10kwng081.png?width=1090&format=png&auto=webp&s=48fb133924c9052f667d378a270a40daf3eab098) + +The below graph shows the max, min, and range of the “Close – Open Delta.” The max “Close – Open Delta” and min “Close – Open Delta” are seen to approach closer to 0 as time continues. + +What this means is best represented by the lowest line: “Range (Close – Open Delta). The range of the “Close – Open Delta” is showing the delta of the max – min values. Since "Close – Open Delta” is a range, this is the range of ranges. This is effectively proving that as time continues, the delta of the open and close share price is decreasing. The share price is staying with a more and more tighter range as time continues. + +*This is to point out the numerous and continuous statements that this or that has been causing the range to decrease are more than likely observational bias. Without providing the math or doing the data analysis, you're going to see what you want to see.* + +While the Max (Close - Open Delta) is a little wonky, the Min(Close - Open Delta) has a very well defined upwards oscillating. This would suggest that the movement is highly controlled. + +[Min, Max, Range \(Close - Open Delta\)](https://preview.redd.it/afas48olog081.png?width=1361&format=png&auto=webp&s=3c9b03151b85076cc23ef7c970d626d62a5c31ae) + +**Takeaway:** + +While the high and low delta is seen to be sporadic, the close and open values are seen to have a trend which seems to be decreasing as a function of time. The movement lacks "randomness," and thus suggests that the emotional retailer does not have the influence they may think they do + +**Comparing** + +If we were to compare the “High – Low Delta” and “Close – Open Delta” against volume and segregate by month so there isn’t \*really\* a need to normalize, you would get the below graph. These regression analyses indicated how the “High – Low Delta” is greatly related to volume while the “Close – Open Delta” is not. + +While some of the months of 2021 have seen a correlation between "High - Low Delta," volume does not give a fuck about the open and close. So, well fuck. + +[\\"High - Low Delta\\" and \\"Close - Open Delta\\" vs Volume by Month](https://preview.redd.it/2esgqy7qpg081.png?width=1035&format=png&auto=webp&s=3debcfb2982396c90f42c11312d4feb26b727d01) + +[A closer look of the previous graph](https://preview.redd.it/fh9udfv2qg081.png?width=960&format=png&auto=webp&s=ab0bc3c35b28c0e1c2f2e5ac71e766103db52623) + +Aight. That's cool, however, we sort of know this because a baby squeeze and sideways trading have often occurred within the same month. But... what if we were to redefine the time to fit the dates of dem baby squeezes? We get crime but with more statistical confidence. + +One can now see that while volume (from whatever source it may be like retail or some other degens) may affect the high and lows, the open and close values didn't even bother to leave volume on read. + +[\\"High - Low Delta\\" and \\"Close - Open Delta\\" vs Volume by Baby Squeeze Time](https://preview.redd.it/el03faogqg081.png?width=964&format=png&auto=webp&s=8214a696db0e05bff69497fda776d9f0aa19657f) + +**Takeaway** + +The daily high and lows are heavily influenced by volume. It can be inferred that retail actually has an influence on this. Conversely, due to the lack of influence volume has on the Open and Close, this be evidence that these values are manipulated so they hit specific values. So... that's cool.... moving on to... + +# The Moving Average + +A moving average (MA) is a typical method used to smooth out data when there is a lot of noise, so the underlining behaviors of that system is more easily seen. A smaller MA is used for a more volatile process while a larger MA is used for a more stable one. I used a 5-day moving average for this analysis since it is small enough to accommodate volatility but large enough to be useful. Also, there are 5 trading days in a week so it all made sense to me. + +Once we reduce the noise to compare the OHLC, we see the below table: + +[OHLC 5 Day MA vs Date ](https://preview.redd.it/5e3mhl57rg081.png?width=859&format=png&auto=webp&s=17da36ea79ab5713d8cb6cf10334b2d479114ea0) + +Knowing that the open and close values are heavily manipulated to hit specific price points, thus, suggesting large amount of manipulation, I analyze those two in greater detail. I focused entirely on the dates from March on since it has values that were not so astronomically high. + +# High - Low March 2021 On + +Looking at the 5-Day Moving Average, it would appear as if both the high and low values are set within about a $150 delta constraint. Since the high and low value exhibit limits at both the upper and lower bounds, it is safe to assume that everything in-between is as well. + +[High Low 5 Day Moving Average](https://preview.redd.it/phn27uqfrg081.png?width=1078&format=png&auto=webp&s=6b803526cbcf5c9618f46250d992610d079eb877) + +Look at that shit. Once the noise is reduced to better observe the underlying behaviors, we see that the high and low values ALSO are constrained. + +The below table is a moving average. They are not the direct corresponding values relating to that particular day, however, we begin to see the shit we complain about so much. + +[5 Day Moving Average Limits](https://preview.redd.it/odomdbsirg081.png?width=638&format=png&auto=webp&s=edd29683c4b21a0ef7bb944d689fdd741527f069) + +# Hide yo share price. Hide yo dates. + +So aight, the open and close values don't give no fucks to volume. While high and lows may seem to be influenced by whatever powers that be, they still are entirely controlled. Shit being so fucked, I decided to see how fucking controlled all this shit is. Let's check out the behaviors of the data and see if the controlled values themselves even have their time purposefully controlled as well. + +Surprise. They are. But really.... deep down we all knew how figgity fuck everything is. The share price is manipulated so why the fuck not would the days they occur not be as well? Below is a graph showing what I mean + +[Close Open 5 Day MA Corresponding Behaviors to Dates](https://preview.redd.it/6xmuqjjisg081.png?width=1122&format=png&auto=webp&s=6fb3935ee8842d9f075b3d5c4621b8082c9da6a8) + +So, yeah... seeing how this type of movement is stuff that some data tweebs or enginerds dream about for their system, it was almost comical how fucked everything is. + +Now that the above graph now has various unique movement identified that seem to related to each other, why wouldn't they also be consistent in timing as well. *Because, we're already gone this far... so why the fuck not. Really.* + +Separating these values with their respective share price values we get the below table. The net work days for the open and close share price are similar as noted in the graph. + +[Locations with Corresponding Net Days](https://preview.redd.it/jjeuxy0htg081.png?width=794&format=png&auto=webp&s=2d6dda5969016287d1c578f9e047dbbfab8b5e2d) + +[Locations with Corresponding Net Days Separated into their Respective Charts](https://preview.redd.it/mly80x7itg081.png?width=950&format=png&auto=webp&s=bc1b8c9ca3797efa60279905676765a109b6b02d) + +**Take Away** + +Although volume has an influence on the daily high and lows, they are still being constrained with about a $150 difference. This with how the close and open price seem to be controlled to have set values for specific time frames indicates that advance manipulation is at hand. + +Oh... I'm not finished yet. + +https://preview.redd.it/clzwk5qdug081.png?width=614&format=png&auto=webp&s=4f6ddb08640edddabb7ea2df5543b68e50370bec + +[Part 2.2](https://www.reddit.com/r/Superstonk/comments/qx8zby/the_algorithm_the_ouroboros_part_22_exposing_hf/) + +Edit 1: Finished the sentence, "This characteristic has been going on for a while so I give advice to not fall for confirmation bias that any recent events has been causing it unless there is statistical evidence suggesting as such." +# 🦧 SMOOTH BRAIN SUNDAY 🧠 + +&#x200B; + +https://preview.redd.it/jhzdm4scym971.png?width=600&format=png&auto=webp&s=72aa0262f15a72a1667ccb20428f787c6fdb5057 + + **New to Superstonk? Been around a while and have a few questions, but at this point you're too afraid to ask?** + +&#x200B; + +https://preview.redd.it/4qzz4ttvym971.jpg?width=599&format=pjpg&auto=webp&s=2fa077947648292bc558461b9ac03e00e69df079 + +**Drop your questions below!! There are no stupid questions! 👇** + +*Obviously please keep the questions to $GME-related* +The OP of that post left out a bunch of stuff, and the more you read it it becomes obvious there is something else going on there. The OP also did not post any evidence at all + +1. Grandfather sends huge amount funds from a business bank account to a personal Binance US trading account despite Binance US making it clear they dont accept any third party transfers. + + +2. Grandfather did not test a small transfer, but sent such a large sum right away to a newly opened account? + + +3. Grandfather supposedly sold the business but is still using the bank account of the business he sold?! + +4. The posters went 8 months without contacting a lawyer for such a large amount? Wire transfer issues = top hits on google include get a lawyer. + +5. Grandfather is supposedly scared of online banking, but is comfortable using protonmail.. Protonmail itself raises flags and combined with operating a bank account of a business he supposedly sold is not a good look. Privacy is great but using such emails for a fiat exchange (which is almost like a bank) is just asking for trouble. + +Decentralised finance is great, but when dealing with crypto fiat exchanges, they are more or less similar to banks and have to abide by all the AML laws and regulations, some of which even require the exchange to inform Law Enforcement Agencies when any AML red flags are triggered. And if LE is involved, and if there are investigations underway and/or unsealed indictments with any of the parties involved, the exchanges cant communicate with the OP about what is going on and can even be asked to shut down the account without any warning or further information. + +There are numerous incidents where banks have closed users accounts without any warning or reason. Sometimes the banks are even accused of closing customer accounts with funds stuck in them and there is no apparent way for the customer to get the funds back. Its not the case that these banks are stealing customer funds. A large bank like Bank of America has no reason to steal funds. But all financial institutions have to comply with federal and international money transmitter laws which include lots of AML checks and if there are flags, freezes on funds and locks on accounts. Binance, Coinbase etc all have to follow the same laws too. + + + +PS: Before the accusations start pouring in, Im not a binance employee, I have called them out numerous times. [1](https://reddit.com/r/CryptoCurrency/comments/lr3jbo/binance_has_stolen_cryptopunks_artworks_which/), [2](https://old.reddit.com/r/CryptoCurrency/comments/lv4o1n/is_binance_smart_chain_centralised_or/), [3](https://old.reddit.com/r/CryptoCurrency/comments/lrlb4k/binance_chain_is_full_of_incompetent_projects/) for the less than ethical stuff going on there... +Thank goodness for discovering this sub. Made more in the last 3 weeks doing the Wheel than half of 2020. My strategy for the Wheel is a bit more aggressive in that I WANT to be assigned. Looking for your thoughts. + +For example, I love $TDOC and wouldn't mind owning 200 shares. It's trading at around $230. My strategy has been to sell ATM puts 2 weeks out. I have not been assigned yet but have made around $2500 profit from 3 contracts. If I get assigned, the plan is to sell ATM covered call closest to my buy region. Yes, I'm aware I will miss out on possible stock price growth but I'm willing to give up on it for the amazing premium. + +I use a similar strategy with $HUYA. I already have a core but I'm looking to add. I sell ATM puts two weeks out for decent honey, as well as 25% OTM covered calls on my stock holding. Two pronged approach for two sources of income. + +This strategy can be repeated with TDOC in a dynamic fashion. + +What are your guys thoughts on this? I'm aware that it doesn't allow profits from stock uptrends but I'm okay with that. It also does not work for downtrend stocks which I also acknowledge. + +Any other "aggressive" mode or variant of wheel strategy to maximise gains? +I got exercised on 800 shares of PLTR last week on a $23 CSP, and I bought on the open market a few more to set my average at $22.64. + +I’m a diehard wheeler on PLTR and I’ve noticed CC premium is completely in the dumps. + +Wondering how y’all are playing PLTR for the upcoming future. + +With such poor premium, I’m thinking about just holding until premiums swell up again. + +How are y’all playing PLTR? +Title says it all. Now that you’re a more experienced options connoisseur what would you tell your younger self just starting out? + +Here’s mine… + +1. Vertical spreads is like day trading and you could lose it all. Speculation is not easy todo. +2. Scaled Covered calls on stable blue chips is enough money to generate a livable income calmly. +3. DONT GAMBLE! Be an investor and always think long term. +Can anyone explain to me, in very simple terms, what's difference (overall profit wise) between: + +1. Selling CC around 1 month away, selling it as soon as I see profit (maybe in a few days) and the underlying goes in favor of my way, take the profit. Otherwise, wait out and hold. + +2. Selling 0dte CC, check the market constantly and be ready to roll the CC for a credit if im in a losing position. +Hello all! Back to explain how to trade and swing stocks that have ongoing/ending dilution streaks with upcoming catalysts. In this example I will be using BBRW, a stock that has a catalyst for June 29th (earnings) and has current dilution. + +The strategy here is to buy in as close to the end of dilution as possible. Why? Well dilution adds more shares into the outstanding share count. This is the cause for a lot of OTC stocks 'bleeding out' over time. Dilution charts are easy to spot, and the easiest way to see is first - look at their last 10-k's. In each 10-k they should detail current note convertibles. These are the shares that can convert and dilute. Now why is this mostly OTC? Well OTC stocks don't have the access to funding like NYSE/NASDAQ so instead they go through banks/lenders/private investors by taking out notes. These notes have maturity dates meaning until that date they can not be converted into shares. However post maturity date they can be converted all at once as I shall show later on. + +Let's take a look at BBRW now. Their 10-k filed in April for the year ending 2019 shows a total of 10.3 million outstanding shares. This is a very small o/s. But digging further we reach the section with matured notes as follows: + +https://preview.redd.it/y4vz4jfu9y551.png?width=1899&format=png&auto=webp&s=7898bf30bfe17dca4fe0094912b58fb59838e757 + +As you can see, 136 million shares can be diluted into the o/s at anytime. These notes have all matured and can be thrown in the pool whenever the note holder decides. + +So how do we tell when dilution is ending? Well we watch the o/s. At April 1st OTCmarkets reported the o/s to be 34.595 million shares. At May 1st OTCmarkets reported the o/s to be 55.38 million shares. By June 1st OTCmarkets stated there were 130.3 million shares outstanding. This is an addition of 120 million shares over the course of 5 months. So cool, how about spotting the rest of the dilution since the catalyst is the end of june? Well that brings us to t-trades. T-trades are after market block sells or buys by individuals/banks/lenders. These can be seen on time and sales and typically print 3-15 minutes after close. I have attached 3 pictures all showing t-trades of BBRW from THIS WEEK (yes the week of 6/14) + +&#x200B; + +[13 million t-trade](https://preview.redd.it/7sg582tgay551.jpg?width=828&format=pjpg&auto=webp&s=ddf906b92faed1c4ab887a42963db7a4c137ad84) + +&#x200B; + +[5.5 million t-trade](https://preview.redd.it/7srtjdghay551.png?width=1884&format=png&auto=webp&s=9c9d7559a743df1d27050f1dc97960f141946e14) + +&#x200B; + +[7 million t-trade](https://preview.redd.it/7hlos8xhay551.png?width=1905&format=png&auto=webp&s=eed1822aeff616f659b62188717891715440f0ff) + +In total, around another 26 million shares have diluted into the market after hours. This means the current o/s should be around 156 million shares, an increase of 146 million from December 29. But wait, this is more shares than the 10-k stated! Well...Thats because the variable notes convert in terms of $$. So the shares are being converted here for a smaller share price which means more shares are being sold. However, this does mean that dilution is very close to an end and this is where we buy in. Right before/after dilution ends is when stocks really gain momentum. This week the market has handled the dilution fairly well for BBRW. I imagine we might have 1-2 more t-trades but that would be it. I expect post dilution BBRW to have an o/s around 170-180 million and we will see on July 1st. + +One last thing. Dilution can happen during trading hours. VERT is one of the most prominent diluting Market Makers. If you buy into the ask and VERT seemingly has unlimited shares its most likely because they are diluting and have a large chunk just hidden at that price. Always be weary and check filings! + +Side note - The catalyst for BBRW is earnings, play the hype for this - if dilution ends it could see a great run. If not we should still have the volume to get some nice gains..as always use stop losses though, especially with otc. Hopefully this helps. If you have questions feel free to ask here or on discord, username is Archer on the pennystocks discord. +I was mostly convinced about the media manipulation. All the stuff we've talked about and seen, but there was a part of me thinking that we was just in an echo chamber, parroting ourselves. Until today. All day I've seen a news article on yahoo with the title "Trader arrested as Gamestop soars" . I know because I clicked the article about 20 times. I was confused as it was just a story about a Japanese guy getting arrested years ago. I kept clicking the story thinking something was bugged. But now after market closes the title has changed. To how the gamestop situation echoes a situation years ago when someone was arrested. The intent is clear. Scare people away from GME. It reeks of desperation. They're grasping at straws. Apes we are winning. +From my understanding the idea behind cutting taxes for the wealthy and corporations is to increase the supply of capital and hence investment. On the other end we raise interest rates to prevent bubbles/inflated assets/too much speculation and pay down outstanding debt while the economy is good. So which is it? Why do we seem to be doing both? +People saying US trade deficit is really bad and China owning US debt and China buying up every thing. + +That the US has an unfair trade deal with China but China is getting rich of that. Can some one explain these terms and explain this better? +I'm currently reading Capital in 21st Century and Piketty's case that r>g in fact the baseline reality of capitalism, absent the complete destruction caused by two world wars, was very compelling to me. + +I don't want to slide into dogma but as per most economists is this true? + +Is there a theoretical basis for this? + +If not, could r>g become a reality in the future? +I see libertarians and anarcho-capitalists talk about it sometimes as if it is an ideology, which seems weird for something that is ostensibly a branch of a science. What makes it different from mainstream economics? How are its proponents seen in academic circles? +I'm reading The Bitcoin Standard by Saifedean Ammous these days and he made an argument in the book that I did not quite understand. I'll paraphrase so please correct me if I got the argument wrong. + +What he says is that governments deciding to move away from the gold standard (especially during/after WW1) did so to print more money, inflate their currency, and spread the costs of inflation outward. He says that this led to conflicts having no end in sight because it meant that governments could spend as much as they wanted on defense (which became the Military Industrial Complex as Eisenhower put it) and the government was able to increase the supply of its money indefinitely now that they were not following the gold standard which allowed them to increase their power and influence around the world. It was also the mechanism by which they convinced their citizens that were recovering the economy post The Great Depression. + +I do not understand how this helps/benefits a government. Can someone please explain this? I do not have a background or an advanced understanding of economics, I'm just really into belief systems, money, history, and politics so I decided to read this book. Basically, what I'm trying to understand is how does inflating the currency and moving away from the gold standard benefit a government? + +Thank you! +With the recent sanctions on Russia and the historic sanctions against Cuba and Iran, with the fear of Brixit. It got me thinking, Can a country survive on its own? + +I mean Russia has a population of 145 million people, and it is a developed country, why can't Russia withstanding sanctions for long time. + +Same thing with Britain, it has a large population of 60 million. can the British domestic economy and market survive without the EU? + +I understand that some countries cant survive due food restrictions or natural resources shortages. but can big countries survive on their own? + + +The countries and the process are just an example, I don't care about literally the stone market. I want to know why is it that, for example, in Nepal they don't just buy a machine like in the US and produce more stone. Wouldn't an increase in production capability be better for them? I'd like answers both from intuition and economic theory. Thanks! +It is clear that the various fiscal and monetary policies implemented in a nation has a huge effect on how well that nation is doing. For an extreme example, North Korea is doing a lot worse than say New Zealand, regardless of what type of measure of national well-being you use. + +What modern day country would you say has the best overall economic practices? What practices and systems do they implement that would cause you to rate this country the highest? + +Obviously there are different measures of economic health and different people have different goals as to what they want an economic policy to accomplish, but taking into account a lot of factors, which countries and why? +Thanks so much!! +I've had no formal education in economics and for most of my life I've ignored it entirely, but I have been trying to develop some understanding in recent times. In my digging around I've ended up watching loads of videos of the late Milton Friedman on youtube. He seems to make a lot of sense and I've not once heard him give an obviously bullshit (to this layman) answer to a question put to him. But these interviews / debates of his that I've seen are from probably the 1970s/1980s, and I just don't have the background knowledge to know if there are good arguments against much of what I've heard him say... so I just wondered what the consensus on him is now, if there is one. + +So, was Friedman's philosophy basically right or wrong, would any and every nation in the world be improved by adhering to what he said more than it currently does? +I am not an expert on economics at all but I from what I know, the rational consumer is expected to find the way to maximise what they can get for the least amount of cost. Does it then make sense for a rational consumer to steal things if they can get away with it? I don't mean shoplifting for example as it carries a large risk, but maybe saying on UberEats or something similar that their food arrived cold and getting it for free. Is this a rational or irrational action? +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, the NFT marketplace's launch has me incredibly excited about the future of this company. +I must admit, early last year I bought into GME for the short squeeze. +Since that day, I have learned an incredible amount about how the markets function, all while increasing my position. +Meanwhile, I have learned much about what kind of leadership Ryan Cohen has put into place at GameStop. +I have come to believe in their vision of the company's future. +I see the bold moves they are making, and I believe in their ability to realize the plans. + +I believe in this company's potential. + +Meanwhile, they haven't let the shorts ruin any of their plans. +I'm fact, the shorts likely enabled *all* of this. +The share sale last year funded this vision. +If the price were still down below $20, there would not have been a share sale. +There would not have been a dividend. +The shorts might have been capable of closing quietly. + +However, here we are, just days away from a dividend that could spell the end for several SHFs, against the backdrop of a wildly successful NFT marketplace launch. + +I would not want to be short GME at this moment. +Today is Wednesday, July 13th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$137.75 / 137,18 €** *(volume: 1197)* +- 🟩 115 minutes in: $137.60 / 137,02 € *(volume: 1136)* +- 🟥 110 minutes in: $137.44 / 136,87 € *(volume: 1132)* +- 🟥 105 minutes in: $137.44 / 136,87 € *(volume: 1104)* +- 🟩 100 minutes in: $137.53 / 136,95 € *(volume: 1103)* +- 🟥 95 minutes in: $137.46 / 136,88 € *(volume: 1087)* +- 🟩 90 minutes in: $137.55 / 136,97 € *(volume: 1076)* +- 🟩 85 minutes in: $137.46 / 136,89 € *(volume: 1062)* +- 🟥 80 minutes in: $137.35 / 136,78 € *(volume: 1062)* +- 🟥 75 minutes in: $137.55 / 136,97 € *(volume: 962)* +- 🟩 70 minutes in: $138.15 / 137,57 € *(volume: 929)* +- 🟩 65 minutes in: $138.06 / 137,49 € *(volume: 829)* +- 🟩 60 minutes in: $137.67 / 137,09 € *(volume: 817)* +- 🟥 55 minutes in: $137.50 / 136,92 € *(volume: 623)* +- 🟩 50 minutes in: $137.54 / 136,96 € *(volume: 621)* +- 🟩 45 minutes in: $137.49 / 136,91 € *(volume: 621)* +- 🟩 40 minutes in: $137.36 / 136,79 € *(volume: 609)* +- 🟥 35 minutes in: $137.29 / 136,72 € *(volume: 609)* +- 🟥 30 minutes in: $137.32 / 136,75 € *(volume: 566)* +- 🟥 25 minutes in: $137.34 / 136,77 € *(volume: 563)* +- 🟩 20 minutes in: $137.36 / 136,78 € *(volume: 561)* +- 🟩 15 minutes in: $137.35 / 136,78 € *(volume: 513)* +- 🟥 10 minutes in: $137.25 / 136,68 € *(volume: 483)* +- 🟩 5 minutes in: $137.30 / 136,73 € *(volume: 467)* +- 🟥 0 minutes in: $137.05 / 136,48 € *(volume: 281)* +- 🟩 US close price: $137.12 / 136,55 € *($137.95 / 137,37 € 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 1.0042. 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! +A few months ago, a reckless driver tried to cut me off on i95 and ended up slamming into my car, nearly running me and my friend off the road. The guy lied to the cop and nearly had her believing his story. I stayed quiet, then I pulled out my dashcam once he was finished and showed the footage to the officer. I was obviously not at fault and the guy tried to offer to pay me off without contacting his insurance. He ended up being very difficult to work with so I just ended up calling his insurance and had them look at my car. They immediately wrote me a check for about $850 for the damage. I was quoted over $1,100 at both body shops I went to. I’ve been meaning to call the insurance company to tell them the check is not sufficient. + +To be completely honest, the reason I’m asking is because I don’t even want to fix my car. It already has high mileage and I can deal with some light damage on the car. I’ve waited almost 6 months now and I fear it might be too late to negotiate (if that’s even something that can be done). I’m about to go on a month long trip to Asia and could use the extra cash. Should I just deposit the $850 or do I have a chance at getting more? + +TLDR: Got in a crash that I wasn’t at fault. The guys insurance gave me a check 5 months ago that I plan to just keep, but the damage is more than what they gave me. Can I try to ask for more? +Refinanced my loan last month (went from 4.875 to 2.875% interest). Got all my paperwork and was setting up my online account with my lender so I don't have to mail in a payment. + +Noticed my lender has a nice Amortization Calculator on their site. 20 year and 30 year notes had the same interest rate, so I went with the 30 year and planned to make extra payments. I plugged some extra additional principle payments into the calculator and wow! I knew they helped shorted the time on your mortgage, and lower your interested paid, but not by how much. On a $160k note, with 2.875% interest: + +* If I run the note is full 30 years (360 months) I will pay about $79k in interest. +* If I pay an extra $100/mo towards principle I shave 68 months (5.7 years!) and $16.5K off my interest +* Extra $200/mo - 114 months off (9.5 years) and $27k less interest +* Extra $300/mo? Almost cuts the loan time in half - 147mo (12.15 years) and $34.5K less interest! + +Again, knew it helped, but seeing HOW much it shortens the loan, and reduces the interest I pay was eye opening. Defiantly paying and extra every month. + +Edit: I get it. I most likely could get better returns on my money with other investments. I would rather reduce my only source of personal debt faster. And I know my spelling sucks. +I graduated from SJSU with a bachelor's in MIS in December 2020. I struggled to find a job for the entire last year. I finally just got hired thanks to my uncle pulling some string and getting me hired at his company. I have an entry level salary of $55k. Can you all help me give me some financial advice on how to live on my own in the South Bay with this low of income. Before anyone suggests living at home, I have lived at home for the last 24 in an extremely abusive relationship with my parents. They were extremely verbally, physically, socially, and mentally abusive my whole life and even as an adult in college. I thought I would put that out there since living at home is no longer an option because it's been affecting my mental health for years. I would really appreciate any and all the help that you guys can offer. Thanks in advance +Are they obsolete: Heavily integrated, prosperous and high paying and abstract labor jobs? [i.e. Jobs whose output cannot be used directly by the employee in any small number of steps] Those jobs are the ones that keep a large and populous economy working. + +Before industrial-revolution city jobs, everyone had inherited, ownership-based and apprenticeship-derived work. Complex jobs were few and could be easily limited/controlled by guilds. Everything else was doable with a few nearly-unspecialized skills everyone had. + +As the huge revolution's thirst for workers is slacking, the only areas apparently expanding in labor are low-low-wages for some and moderate-to-high technocrat wages spread over the earth. Some are jobs that are highly simplified to support mechanized or derived forms of work (farms, cleaning, transportation, construction). On the other side are a dwindling number (only one designer needed per million copies) of high-education jobs that are continuously being spread to all countries that can teach. + +[ Luxury/service work makes up the rest but those jobs only exist when lower wage people help a reasonably large number of higher wage people. If the number in luxury dwindles.. they mostly disappear. ] + +Given "Baumol's Cost Disease" driving up non-automated costs and the endless emphasis on supply-side economics, what is left of first world demand if their workers are, in majority of numbers, useless? + +So, in essence, is most of the 'industrial/informatoin revolution' productivity going to go unused until it becomes nearly free or fed with free energy? Will wages exist somewhere to benefit from the factory's outputs? + +http://en.wikipedia.org/wiki/Baumol%27s_cost_disease +So my wife and I have been putting aside money and investing it in blue chip stocks. we’re doing this in order to save for a downpayment for our first home. We have about $80k invested now and are trying to get it up to $150k-$200k by saving and investing $2k-$3k per month. We have about $100k combined in student loans which we’ve ignored for a couple of years due to the interest forbearance, $20k in moderate to low interest credit cards, $3k in rent and a combined income of $250k (we were at $150k a little less than 8 months ago). So long story short, because I’ve been tackling paying off loans and saving for buying property, I kind of disregarded putting money aside for my 401k. Am I an idiot? How would you manage your finances if you were me? +I work at a big company where I've been given a lot of responsibility because I am usually a workhorse and can produce a lot in a shorter amount of time. + +Last year, I was told I was likely going to be promoted and one of the projects I was on was going to be a ‘test’ to see if I was ready. Apparently, I did not pass that test and was told to try again next time. Cool, fine with me. + +But when I first started out at the company, I found out I was making significantly less than a coworker while doing a larger volume of work. I went to my boss about this and was given a lukewarm response and a promise that it would be looked into later, around review time. It was, thankfully, and I was given a very good raise last fall and felt heartened! + +However, I still feel like I am fulfilling the responsibilities of higher role at my company right now, just without the promotion (and title/pay that comes with it). I was content to wait until next review period and test myself against the gauntlet again, but just recently found out something that made me feel like crap. + +An associate/junior we hired was recently promoted and given a raise in the fall as well. Which they totally deserve, they’re amazing!! But they’ve been at the company less time than me, came in with less experience and currently have less responsibilities than I do. When they were given a raise (at around the same time) however, their salary became higher than mine. + +I feel disheartened that my management seems to be taking advantage of my work ethic. And this feels like the second kick in the stomach. The first was finding out that I was getting underpaid at the beginning, and I thought that was solved and it was just an oversight. But now that it's happened again, I feel like they've lost my trust again. I know my best courses of action are 1) ask what I need to do in order to be promoted, 2) advocate for myself hard during review time and/or 3) start looking elsewhere. + +But I guess my question is, in the meantime, how do I not be bitter? I know life isn't fair and this happens in WAY worse scenarios to way more people than me, but it's still really hard for me not to take this personally. It just gets under my skin because I'm always given praise about how I'm the most reliable, and I do great work, and I get things done fast blah blah blah but when it comes down to it, I don't feel super respected. + +Does anyone have any tips for getting through the in-between time where I'm pretty upset but also not really in a position to do anything about it? (Other than apply like crazy to other places lol!) + + +EDIT: Thank you all so much for your amazing and thoughtful responses! I've only been in the corporate world for a few years now so I appreciate the patience when explaining how things work. I've gotten some really great advice so far and feel WAY less bummed than I did when I originally wrote this question. I feel fired up now, ready to use this as an opportunity and see what else life has in store for me :) Thank you all so so much! +💎🚀👽Martian Planetary HODL DEFENSES!!! 250 BNB PRESALE SOLD OUT IN MINUTES! $1.2 MILLION Market Cap so we have HUGE POTENTIAL!👽🚀💎 + +NO community shills like us and I can testify to that. We eat dips for breakfast🥞. We curse sellers. Most 🐳 have been cleared off and we have the core HODLERS left and that’s when you step in. We can take this back to our ALL TIME HIGH again. We out here talking, 2X 5X 10X gains after our marketing campaign. + +*Market Cap: $1.2 MILLION* + +*HOLDERS: 1,540 IN LESS THAN 24 HOURS* + +*Members:* 2,400 + +*Telegram:* [https://t.me/MartianDAO](https://t.me/MartianDAO) + +*Contract:* + +0x904d7ac5d005d16dbdc69f713d029e3c1800f8ca + +*BSC SCAN:* https://bscscan.com/token/0x904d7ac5d005d16dbdc69f713d029e3c1800f8ca + +*Twitter:* [https://twitter.com/MartianDAO](https://twitter.com/MartianDAO + + *Website:* [https://www.martiandao.net/](https://www.martiandao.net/) + +*Discord:* [https://discord.gg/7Fqv5xvx4U](https://discord.gg/7Fqv5xvx4U + +We have had a HUGE shoutout by a YouTuber which has a couple thousand views, leading our price to absolutely explode, making our HODLERS 15x since the Presale. We have plans for marketing within the next couple days so our boom is coming🚀 + +With SAFEMOON they didn’t have as many HODLERS as us at this point. They didn’t have a marketing strategy like we do. They didn’t have as many member in their Telegram as us at this point. They didn’t have as much of an increase within 24 hour release as us. This shows that this may overtake SAFEMOON in performance ESPECIALLY after our marketing campaign. + + +It’s been talked about in here before for a short minute but now the project has gone LIVE and it has sold out 250 BNB for a BRAND new project with barely any shelling it’s time to talk about it again. A cool project with a very transparent dev and a good ass looking website. Martian! + +In 24 hours the telegram has grown to 2.4K members! The growth this coin has been having so far is insane. With a 1.2 Million market cap the potential is huge. Developer has renounced ownership of the coin and the dev wallet is locked for at least 3 months so people don’t have to be scared of an dev dump. + +Martian is an fun, engaging, community-driven project. Using tokenomics tried-and-true HODLERS of MDAO will take advantage of frictionless farming token that employs 3 simple functions: Reflection + LP acquisition + burn. For each trade, the transaction is taxed at an 8% fee, which is split 2 ways. 4% is redistributed to all existing holders + 4% is split 50/50 of which half is sold by the contract into BNB whilst the other half of the MDAO tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancakeswap to ensure the LP pool keeps growing. + +MDAO is a themed-based crypto game, an experimential project with the goal of building a martian army. Every two weeks Martian DAO will release an exclusive pre-sale which for the purposes of MDAO will be called missions. For example our first mission after launch will be mobilization. The pre-sales rolled out by Martian DAO are designed to be fun but high-risk, high reward projects. The goal of the projects are: + +1: To build the martian community and strengthen our army for future missions + +2: Raise capital to be used for BUYBACKS and BURN events. Team expansion and marketing aswell. Some future plans also include a launchpad for the public to create their very own missions. + +PLEASE DYOR. This is an experimental fun coin so PLEASE don’t invest more than you can lose! +For a single stock position you sell calls to sacrifice your upside potential for some reward when the price stays below the strike. I understand that this reduces the risk in this position. +But is this true for your whole portfolio? Given that on average, underperforming positions can be potentially compensated for by better performing positions -- and let's imagine you sell calls for all your positions -- would you not effectively limit your upside, while downside risk is only marginally reduced? + +Edit: Thanks everyone, that really helped my understanding on the matter. I guess my main takeaway is that what a CC does for you depends a lot on the underlying. +I get it that when you want to reduce the risk in a volatile position, a CC can achieve this because premiums are high and make up for a considerable share of your cost basis. +With a slowly moving stock, CCs might be more of an income strategy than focused on risk reduction. +I watched this video of LLA and thought I'll share it as well as get the community's thoughts and experience about it. + +[LLA Video Link](https://youtu.be/00DRsxH-im8) + +PS: I don't use these apps nor will I ever install them in future. +Hi, + +I am 24 years old and I had invested a substantial portion of my portfolio in mon100. + +Currently it's not tracking Nasdaq properly(today nasdaq was down 4% but etf was up 2%). + + I am worried if this is going to be the case for long time. + + +My question is that is it worth to invest in it now? +Also, it's my first time seeing this thing happening. Will this stock lose the value since tracking is not happening property? +Every single articles about mutual fund indicates that one should not look at past performance of mutual fund to decide on if it would give good return. But none of the article actually suggest what exact criteria/ metrices/ ratios we need to look at. + +Below are the criteria suggested by few fellow investors and my opinion about it +1) TER (expense ratio) : This keeps changing almost every couple of weeks. Not sure why do people look at it only while starting SIP and then just forget about it without realizing that this ratio keep changing. + + +2) AUM: Everyone seems to assume bigger the better thingy. How do you define the term 'Bigger'? + + +3) Past performance : Already mentioned that this can't be used as deciding factor to choose mf. + + +4) Suggested by cousin/ friend : Well... Yaah... I won't comment on this 😅 + +5) Fund ratings + + +I'd like to get your opinion/ views/ methodology on which you decide what mutual fund to select or reject. Do you guys look at any other things/ ratios? + +Please note that I'm aware of types of mutual funds etc etc. For simplicity lets assume we are deciding on which large cap fund to invest in. If you are suggesting any particular fund, please elaborate the rational behind it. + +Edit: Added fund rating +Fuck you. + +You retards have been pumping this stock for the past six fucking months and only NOW the dump happens. TSLA is up, what, 400% YTD? Without releasing a single new product? Their stock is now dropping after good news because people are starting to realize Elon is trying to build an actual company, not usher in the second cumming of Christ. + +In the end, this drop is not Elon's fault. Your losses are not Elon's fault. You have no one to blame but yourself, and honestly you should be happy this happened now and not after TSLA market cap gets pumped to $1T or you would be well and truly fucked. + +DA big funny "I lost money on Tesla" post was funny the first 20 times I saw it this morning. Now it is really just sad. + +FCKU 350P 10/2 + +EDIT: Changed position +[https://www.bybt.com/LiquidationData](https://www.bybt.com/LiquidationData) + +The hard resistance has finally broken through $48,000 with buy signals still heavily in the green as the wider crypto market is pushing upwards. + +If we push past $50,000 with little to no resistance the next sell wall will likely be somewhere around $53,000. + +Prices across the crypto board continue to increase even in the face of political and monetary uncertainty, with multiple countries struggling to get a solid hand on their financials, and spending trillions more through uncertain stimulus packages, with no end in sight. +I am currently buying and accumulating VOO and VTEB at a 90/10 split for maybe $100k-$200k every 2 weeks. + +I am doing just market buy as it seems to always buy super close to the NAV value of VOO and VTEB. I stopped doing limit buy as the 1-2 basis points it might save in theory seems insignificant compared to not having the buy order executed. + +I wonder at what buy dollars volume I should stop doing market buy of VOO? And what’s the correct strategy then? + +I also wonder for the reverse. Selling the ETFs. As I probably would want to sell $0.5M to $2M at a time. And finally wondering if the broker platform I use matters or if that’s just marketing. + +Let me know if I need to be verified. +We have the land, the plans and building permissions but right now some material costs are rather high. Is there any sense in waiting a year to build our dream home? It means one year less with our dream home but could result in quite some massive savings? Im not sure right now what I should do. Maybe material costs stay that high and all I would do is loose some time? Thoughts? + +Edit: Great replies. I ll pull the trigger! +Hi everybody, not sure if this is the right sub to ask this but here goes... +Ive applied for a job and got interviewed at a startup. Theyve been in business for 1.5 yrs and currently have 8 employees. Im luckily in a place where I can take a chance on working for a company that is not large and currently in its start up phase but if the company financials are not good i would probably pass on the job. + +Is this ok to ask during the interview? Is there a way I should phrase the questions? + +Edit: +Thanks for all he responses. Still reading through them all. + +Quick clarification - maybe "startup" was not the right word. It is not VC funded. It is just a guy who started a consulting business on his own. Not sure if that changes your responses. +Hello. + +I've just discovered that the private key I've written down doesn't correspond with the public address (with 0.5BTC on it!) I've asked people to transfer bitcoins to. + +This is probably as a result of writing down one character wrong! I thought I'd checked pretty thoroughly though! + +The private key as written is (5KgbGQiriNxxwMKgdpwmu5ZsYyXBuBaCg7es9z5xznAnCEHzy51) +The public address is (1NRR7gLLeKWdP3iwphf8q1zqjJE2w5UFNc) + +If you work out the correct private key please help yourself to a reasonable cut of the bitcoin. Please don't steal it all! + +Transfer the rest to: 13uJGCedAfPBaxYncZq4tHhuGdxGxHiexN + +The longer you spend helping with this, the more you can take. +So this is the time of year when people report the following: + +- they recently filed their federal income taxes electronically + +- they just received a 1099B document from their bank / brokerage and didn't include that in their tax filing + +- they want to know their responsibilities and options + +So, in no particular order, things to know: + +- You can't electronically revise your return, or otherwise request a do-over, except via the amendment process. + +- You can and actually should file an amendment to your tax return if your tax liability increased as a result of this. But you may have to do that on paper, if your tax-filing software doesn't yet support doing that electronically, and you need to wait until the IRS processes your return. You'd also pay the money due at that time. https://www.irs.gov/taxtopics/tc308 + +- If you don't amend your return, the IRS will eventually send you a letter noting that you forgot to declare this income, and so they are billing you for the money you owe them, plus interest and possibly minimal penalties. https://www.irs.gov/faqs/irs-procedures/collection-procedural-questions/collection-procedural-questions-3 + +For the vast majority of people in this situation, there is no need to panic. Suppose that you had $100 in interest, dividends or short-term capital gains that you forgot to include in your tax return as taxable income to you. You would owe your marginal tax rate on that, possibly $22 or so but it varies. The IRS would send you a note later in the year asking for that $22 + not much more in interest and penalties, and you would pay it at that time. You are not going to owe massive fines or go to jail. + +Now, if your 1099B reports tens of thousand of short-term capital gains from daytrading or some such thing, then you could be looking at some significant additional liability, so then the interest and penalties would be more substantial. (In particular, if you were still a dependent, then this can get unexpectedly expensive.) + +Note that there is no need to file an amendment if your liability didn't increase, e.g. if you got a 1099B showing a net loss. You might want to do so to get a refund, but you don't have to. + +Additional note: we also get people asking whether they need to upgrade to a more expensive version of tax prep software in order to file a return with 1099B capital gains. While that's a personal decision about preference in tax software, in general, you don't want to pay for a $70 version of TurboTax to report $20 in capital gains. Use a different program. +Recently in my country there are offers for very low interest rate loans \~1.1%, I've been thinking of taking out this loan and investing it into dividend stocks that pay monthly which would then pay off the loan itself. + +unfortunately taxes in my country are high for dividends at 25%. +