diff --git "a/reddit_finance_43_250k_90.txt" "b/reddit_finance_43_250k_90.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_90.txt" @@ -0,0 +1,10000 @@ + +Edit : Thank you all for your kind suggestions and responses. Really grateful. I have gone with the old regime as suggested. I had a talk with the payroll in my office and he said I took the right decision by taking old regime. All thanks to you people. +We keep getting asked questions on this when it's mentioned in a thread so to save everyone asking (and me typing it out) here you go. + +\- You will need to apply for a US account, ID check will most likely be unnecessary as you would have been ID recently. + +\- W8-BEN forms, this will be somewhat automated. You will still need to digitally sign these. + +**Cash** + +You will have a USD cash account, you get money into this by transferring from your AUD account. The bid/ask spread (FX rate) will be 0.60%. This compares to STAKES which is \~1% and most banks at 0.50%. and others that are higher Your cash can sit in that USD account and you can move it between as much as you like. You can't transfer directly to this account. + +**Brokerage** + +We will charge $9.50 USD per trade. **Flat-rate.** Still none of this commission business or percentage fees. We'd compare this to the banks, but you know, there's no comparison at all -- they're VERY expensive. We've saved investors over $20m in fees on ASX investing\^ alone and hope to do the same with US trading. STAKE and the likes offer free brokerage but unfortunately, we're not in a position to offer that, yet, and we're lower on the exchange rate anyway... so depending on your investment it might end up similar. + +**When** + +We will be launching US trading before Christmas, with beta testing happening in a month or so, with a select few clients. A new [iOS and Android app](https://imgur.com/a/cboHElk) (WIP!) is planned for a similar period. More international markets to be added in the future. + +**Can I move US stocks to SelfWealth?** + +Yep! We'll release more details closer to launch but it's not as straight forward (for us) as moving your HIN around or moving CHESS sponsored holdings. + +Anything we've missed? Happy to add more points as the questions come in. + +FYI this is the most detailed information on US trading on SelfWealth, anywhere... + +*\^ Compared to if they had have used a particular yellow and black competitor. No, the Tigers aren't a broker.* +Hey everyone, + +I’ve been serious in real estate for about 6 months now, and have saved up $30,000 in this time. I have the option to purchase a single family rental in Michigan for $25k. If I purchase this, the property will have no debt on it, banks will not lend me any money because I’m so young and have low income. Also I hate the fact of using all my money on one property. I want to be in the multifamily game, and wanted to know if anyone any suggestions on what to do. + +Thanks! +After a year of trading I’ve made good money, life changing stuff. I’ve quit work, I’ve travelled and I trade full time. + +Last week I sold all my alts apart from XMR, Komodo and Maid into BTC. Over 90% of my portfolio locked up in our flagship coin. + +I’m spooked though, anything can happen with the fork, Tether is looking suspect and BitConnect is a clear Ponzi scheme. It feels like a house of cards ready to crash at any point. + +I’m a trader, I’m not a gambler. Right now it is too hard to trade, nobody knows what the fuck will happen, anything can. + +I’ve sold the lot. My view is this, if the price crashes I don’t lose anything. If the price rallies I don’t lose anything. There are always new trades to make and I’ll be looking once the fork settles and we know where we are. + +It’s been a great year but I am now stress free. I’m not checking prices every 5 minutes and I can go to sleep without the fear of checking prices in the morning. + +I hope Bitcoin goes from strength to strength and I hope any traders holding through the fork make good money, I hope Segwit2x burns to the ground. + +Good luck all, long live Bitcoin x +Fractional reserve banking allows a bank to keep only a certain proportion of total funds as liquid funds while lending out the rest. + +I am trying to build a model that will output the probability distribution of running out of liquid funds based on historical deposits and withdrawals in the next (5/10/15/30) days. The inputs for the model are the historical deposits and withdrawals to the bank. The output will be a probability matrix, that will have the information as follows: 5% chance of running out of liquid funds in the next 30 days if you keep x amount as liquid funds, 10% chance of running out of liquid funds in the next 30 days if you keep (x-y) liquid funds and so on. + +Building such a model requires a mathematical background which I do not have. If someone can point me in the right direction or also give me an idea of where to start, it would be appreciated. +EVERY TIME! + +I see it all over the place but I always expect better from this community and I'm always disappointed to see so much negativity towards the success of others. + +First off, nobody is ever "lucky" or "fortunate" to lose a parent. I don't care if that parent leaves you $1 or $1m. And I don't think it even matters if you're trying to say, "Well I'm not saying they're lucky from a life side but from a financial side it's pretty fortunate." This isn't just some ficticious situation, this is a real person. Think about walking up to someone in real life who lost a parent and going, "Hey that sucks, but you got $250K so really you got lucky there." I pray you wouldn't ever say that, and if you would you might want to reconsider your relationship with money because it's unhealthy. + +In the [post](https://www.reddit.com/r/financialindependence/comments/a65lb4/36m_2m_last_day_of_work_today_lessons_learned/) I'm referencing it's almost sad how much the OP feels the need to talk down his accomplishments and attribute everything to luck just so he doesn't get lambasted by the community. + +We see it happen in so many situations though. + +* "Athletes are lucky because they were born athletic. Anybody with their height/talent could achieve that success. So lucky." +* "Musicians are lucky to be born with perfect pitch or just got lucky they were discovered." +* "People in the FI community are lucky they have high paying jobs or don't have all these expenses I have." +* Successful Twitch streamers are lucky they started when there weren't lots of people streaming/they have connections I can't have/probably just got big hosts that kicked them off." + +It's rubbish. First off, yes life isn't fair. It's true! Some people start with more talent or money or simply different situations. And a life of total equality and fairness would actually suck because nobody would ever be different. I love the short story "Harrison Bergeron" for showing a world of true "equality." + +Additionally though, it's just purely making (usually incorrect) assumptions about a situation you know very little about. Top athletes spend every day working out/eating right/studying techniques. Musicians grind away practicing and studying. Many times they also have to figure out the best ways to market themselves to be noticed. I don't consider someone who got famous by posting their singing on Youtube lucky, I consider them smart. They made the decision to put their content up there (and probably a lot of other places too) and it paid off. People here in the FI community have spent a lot of hours researching, learning skills like budgeting, sacrificing lots of monetary expenses and material goods, all so we can FIRE. Yet anytime you read a news article about FI all you see is people in the comments making excuses about how lucky we are and they could do the same thing if they had our luck. + +And are we lucky? Sure. Are all of those people unluckier than us? Probably not. Some might be, but I'm sure plenty of them could very well put themselves into FIRE situations if they really dedicated the time, effort, and sacrifice that we have into this lifestyle. And it's insulting to us when they make those assumptions and claim "luck" for so much they don't understand. + +In regards to the previous post, the guy joined a start up that was eventually acquired and then eventually went public, leading to some nice windfalls. How quickly were so many to disregard everything except the end result. I doubt he simply just joined any random start ups without any thought. I'm sure there was a lot of research into what the company was about, what it made, and I'm sure he calculated a "chance to succeed." +Maybe you joined one and it didn't work out for you because you got unlucky or your calculated risk didn't pay off, maybe he is just more talented than you at determining successful startups from ones that will most likely fail (Which I think is the hardest thing to admit: Recognizing someone might just be better than you at something), or maybe he is so skilled and talented that a lot of the work he put in (sometimes up to 90 hrs/week) actually made a big enough difference to lead to this success. We don't know. We can't ever know. There are way too many factors in play here. So why must we instead pretend like we know everything? And why must we care so much? Putting down his success isn't going to lead to you being anymore successful, it's just going to create negativity and probably be detrimental in the long run since a negative attitude can definitely impact your own success. + +We all are on our own unique journey through life. I have advantages you don't have, you have advantages I don't have, and we all have advantages many people in this world don't have such as being able to simply read this post on the internet...or even read at all. But there is no leaderboard in life nor is there any true end goal for all. In the end just do what makes you happy and try to live your best life, taking advantage of everything you have at your disposal (so long as you're not stepping on others to attain it). +Lately I've been seeing several comments on various posts from different people asserting that you need a large amount of capital to day trade. I'd like to offer perspective as a profitable trader that trades as a primary source of income. Unlike others who make assertions, I always show my record and even have [videos](https://www.youtube.com/c/EricGreen/videos) online showing live recordings of my trading. This is my account profit/loss from January 1 to March 31: + +https://preview.redd.it/a2rvpuf461w61.png?width=915&format=png&auto=webp&s=9f5d94cba6fc3de8b8c5a70c4fde047b5f99a8fd + +There was a post made about a guy who quit his job to day trade and has an initial balance of $50,000, well above the PDT rule. Whether or not this was a smart decision I won't comment on, but I can say for certain as long as you have capital in excess of PDT you can replace a day job. Several commenters on that post among others seem to believe you need several hundreds of thousands of dollars to make enough money from day trading to live. **This is incredibly misguided.** + +While trading in a PDT margin account funds settle instantly. This means you can trade all of your capital on every single trade if you wished. When you have this opportunity and the appropriate level of trading skill, a $25,000 account can easily turn $100,000 of profit by the end of year. + +*"WHHHHHAT, ERIC??? You really think it's realistic to make 400% returns on your starting capital???!"* + +**Yes, absolutely. Trading with only $10,000 positions you can make $100,000 like this:** + +On a small cap stock priced $5 you may take 2000 shares, $10,000 of equity. These stocks will often have enough range that when scalping a winner may be $40 and a loser $80. With this R:R you may be trading at an 80% winrate. In order to make $100,000 trading with $10,000 positions you would need an average of 19.76 winners and 4.94 losers per day. + +*"NO! Fuck you Eric, that's way to unrealistic."* + +https://preview.redd.it/tog19si3a1w61.png?width=631&format=png&auto=webp&s=495dd2c9e42dd6f49e5f38302acdf71fc919f06f + +Actually it's not. This is the more detailed stats of the equity curve shared above (Jan 1 - Mar 31). My average position value is $2,300 and I've made $9,465 profit, or **412.254% return on equity.** There are traders that do far better than me as well, look at my friend Kyle u/Phihix who turned $29,000 into over a million in less than a year. He also got shit when he quit his job to pursue trading and was told it's impossible. + +TL;DR; If you have a margin account above the pattern day trader requirements it is realistic to make 6 figures if you have trading skill. +https://www.wsj.com/articles/recession-fears-hit-risky-mortgage-debt-amid-default-concerns-11666141828 + +TL/DR: Fannie and Freddie issue essentially what are credit default swaps to investors. Investors take on the default risk of Fannie and Freddie's mortgage securities instead of the taxpayer. Investors selling them back, don't want the risk anymore. + +What do you think? Inflation is high, Fed increases rates, anybody with an ARM can't afford the payment and defaults. This has 2008 written all over it. Anybody else seeing this? Get ready for a good buying opportunity! +Many banks are claiming interest rates will rise to 1.75 by 2023, why is this causing so much fear? Isn't this what the interest rate was before the pandemic? So what? +I’m a part time student in community college working 2 jobs. I have 3,500 in my savings, zero credit and few monthly bills. I save more than 90% of my income from my 1st job and live off of my 2nd job which doesn’t pay as much. I drive an old beater car, live extremely frugal and am scared of seeing my money in my savings plummet. My family and friends are annoyed of my lifestyle as I work too much and don’t “treat” myself with shopping or trips out but I’m okay with that knowing I have money. However, I’m not sure if this is unhealthy or if anyone can relate to me. Should I stop being a freak with money? Am I always going to be like this and never really enjoy life as other people say? + + + + +Edit: I want to thank you all for your advice and even praise! I read through all comments and will for sure look into good advice I’ve seen I really appreciate your opinions and effort into giving me your advice. +35M married with no kids yet, working as a senior tech lead for a FAANG. Pay is great. Work/life balance is fantastic. NW is at 5M. Entrepreneur all-in type personality but failed two startups as a cofounder in 20s. Now own 8M worth rentals and growing. NW went up by 2.5M last two years alone which made my after-tax pay a petty 10% of total annual NW growth. Never talked about personal finance with peers but know my peers are all younger HENRYs living in luxury apartments doing YOLO everyday without any savings. + +I feel very disconnected with my peers. I don’t care promotions. I don’t care career development. I just need this comfy job now for getting loans and reaching my 10M NW sooner so I can full time doing RE management and investment. I get lots of joy from working, especially towards something meaningful. But now I feel I am wasting my time and potential at this job. + +Anyone experiencing similar things in their career? Any tips to rekindle my motivation? +**I’m not crying, you are.** + +Just caught the livestream where the Happy dev **doxxed himself** and then immediately donated **$20,000** to fund a bunch of kids to go to camp with other children like themselves who’ve lost parents.... As something I went through myself growing up, I know *exactly* how much a support group could have helped because there are few experiences as isolating as losing a pillar in your life. + +**If you didn’t catch it, check it out here**: [https://www.twitch.tv/videos/998388884](https://www.twitch.tv/videos/998388884) + +**Experience Camps** was the first donation for HappyCoin and it looks like a great one as they brought on nine members of their team in a **Zoom call** during the Twitch stream to watch the money roll in and celebrate its arrival. A truly moving moment for those of us who are looking for the bright side of the recent crash and are wondering about what the meme market means. + +When it allows for degens like us to *actually* make good in the world, it **truly** makes this bull run even more special as we *reinvent the cash games* we play to have purpose behind them. Currently rising with the **news hitting like a ton of bricks**, understand that the **$20M market cap value** this token currently holds is truly only the **beginning**. + +There hasn’t been another charity token with this much success this quickly, and with another **$20,000 going out the door next Friday**, HappyCoin will continue **changing lives**, on pace to **deliver $1,000,000 to mental health organizations by next year**. + +How sweet is that? + +But for our moonboys out there, *don’t fret*, there’s more than just heart here. There are a number of partnerships on the way, **potential CEX listing** right around the corner from what I can tell, and **influencer marketing** is only going to ramp up from here with the legitimacy of a verifiable charitable donation on record. + +**Don’t miss out** on what can be both a life-changing experience for you as well as those we help with the 5% reflection both aiding all **20,000 holders** (in less than a week) and the **3% charity wallet** simultaneously. + +So I’m going to keep cutting up my onions while you make the **happiest decision** of your life and get in on the absolute ground floor of a coin with a brand that has staying power. Don’t be surprised if you see your ***favourite celebrity*** or mainstream outlet reporting on this one next :) + +👉 [Website](https://www.thehappycoin.co/) + +👉 [Twitter](https://twitter.com/the_happy_coin) + +👉 [Instagram](https://www.instagram.com/the_happy_coin/) + +👉 [Telegram](https://t.me/happy_coinTG) + +👉 [Discord](http://www.discord.gg/happycoin) + +👉 [Pancakeswap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +👉 [Chart](https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) +Can anyone explain to be the reason the stock $Acdc spiked 30% Friday. I've tried doing much research over the last few days and I truly can't figure it out +Ok so, I bought into this with little knowledge other than they have no debt and mine bitcoin (which currently looks to be the currency of the future). + +Why? Because nothing makes sense in the market anyway, it's all propped up by hot air if you ask me. This GME thing has really shook my confidence in the "traditional stocks", so I see some far out shit like this and I'm in! + +Looking at competitors like RIOT any chance this will reach that sp? I've seen some outright bold claims for the bitcoin mining operations, but being Canadian I think BITF can benefit from low energy costs and slightly colder climate which is favourable for heat dumping. + +HUT8 is another contender who is also debt free from Alberta. Both BITF and HUT seem to mirror each others movements almost to a tee (I'm guessing because they invest similarly and use their coins similarily). Oh yeah blah blah there is also Cryptostar, the wee mining operation that is destined for "greatness" + +Opinions? +This will probably be a little long, but I think there is some good advice for others in here. + +I was financially illiterate until about 7 years ago. I thought living in debt (and substantial debt) was normal because I had a good credit score. I had gone to expensive schools and was only making 40k a year. When my wife became pregnant in 2015, I finally started to do financial planning and realized we were not doing well. Our household net worth was about -$200,000. + +I had a co-worker tell me about Dave Ramsey and I started listening to him and followed some of his principles to start getting out of debt. I did this for a few years, which did help some but our financial picture changed much more quickly when we discovered FIRE in 2019. Our household income had gone up significantly (140k) and our net worth was -80k. We were making progress but that was mostly due to selling cars. At this point, we decided to get serious with our savings rate by saving over 50% of our income. I opened a Roth IRA and maxed that and the 401k each year going forward. In addition, we were paying extra on debt and contributing to a taxable account to use as a bridge account for when we FIRE. I hated my job at the time, so I had lots of motivation to try to save more and more. By the middle of 2022, we had a net worth of over 250k. + +My wife, was never excited as much as I was with FIRE and wanted to travel and spend some funds but I saw different goals in front of us (coast fire, lean fire, fire, fat fire). Well, everything came to a head when I was laid off a few months ago. During that time, we discussed what we were doing and realized that our goals did not fully align. That being said, we decided that pushing through with a high savings rate until we hit coast fire would be our goal and it would happen in 3-4 years. +After relocating for a job I was genuinely interested in and had a great team, I was making 10k more. Everything was back on track, or so I thought. + +The problem was I went from a job I hated to this new one that I love. I now like coming to work and my motivation to pursue FIRE is almost gone. I think I was doing FIRE for the last few years as I was in a job that I despised. Starting this month, I dropped our savings rate to \~35% and will now build retirement slowly over the next decades. With this savings rate, I will likely become financially independent in \~15 years anyway, but it is no longer a race. This flexibility now gives us more room to travel, eat out, buy clothes and have hobbies. I did not realize the impact that this would have on our happiness after years of having no flexibility in this area. + +**Lessons learned:** + +1) If you are miserable at your job, it is not good to suffer through it for years until you can FIRE. This is even true for higher income jobs. Look for a new job if you feel this way. + +2) If you are married, be on the same page as your spouse and be flexible. + +3) While starting young is beneficial, you can start later in life with a large negative net worth and end up turning that around with a high savings rate and being intentional. + +4) Do not pursue FIRE without a good reason. What will you do when you FIRE? + +5) For FIRE, do not sacrifice the journey to get to your destination quicker. +Hoping this is the right subreddit for this. Within a week my car that still has a loan balance of 8800 broke down, I was told by the dealership that the repair estimate would be roughly 7200 as they have to basically replace the engine and a number of other parts. + +I already know that I could find an honest mechanic that may be able to do repairs for as much as 40% less, if not more, however, that is still way out of my budget for what I was expecting. Also most articles recommended not going through with such a repair cost as it was either as much as the vehicle worth (currently $9-10K if running with no issues), or if it was as much as a year of monthly payments, which it is. + +My credit is not good but I have been slowly building it back up for the past year, just got back over 600 (it was/is pretty bad). So its not likely I'd get approved for any loans, much less any credit cards that would enable me to get repairs done. So it seems for the moment, I am stuck making payments on a car that I cannot currently afford to fix. My insurance wont offer any repairs unless the car was involved in an accident. + +What would be my best course of action at this point? I am not without a car (I have another I can borrow from a family member) so the main concern I have is what I can do in the meantime, I can't really sell as is because then i'll still have to pay up what I still owe to the lender for the car. My current monthly payment is $364 (high because of my low credit). Other than parking it in my driveway and taking off the collision and leaving comprehensive insurance to save a little, I'm out of ideas. + +&#x200B; + +Just to add on since I should've had it in here first. The car is a 2014 Chevy Volt. In excellent cosmetic condition, and running with no issues its value is around 10K as it has all the premium sound and navigation features, leather seats, etc. I've had it for almost 2 years now, no issues, always maintained oil, just started having electrical issues and after a week it broke down. Selling as is I always thought the most I could realistic be offered is the value of the car minus the potential repair cost, which would still have me owing the lender around 2-3K I believe. + +&#x200B; + +Update: + +Thank you to everyone who commented, this got way more attention than I hoped for and I got some really good answers/advice. With my current financial situation, I'll have to wait as I save up more money for repairs and shop around with local mechanics who can either inspect the car themselves and see what it would really cost to get it running normal again. In the mean time I'll be making the car payment as normal, that's the option I can afford to do right now. + +I appreciate all the help + +&#x200B; + +2nd Update: + +I posted this originally thinking I'd get maybe 10-15 replies and be able to pick out some good advice. Thrilled it got as much attention as it did and I'm reading every comment and listening to all suggestions. For anyone interested I'll update tomorrow as i'll be picking up the car from the dealership to take back home, and I'll list everything that they "found" as I completely forgot many details as to why the repair was being listed at around 7200. Just so everyone knows I plan to do repairs at home and not through a dealership. + +&#x200B; + +last update: + +Picked up the Car today, so officially it says that they want to replace the entire engine assembly. I did get the vibe they maybe they didn't know exactly what was wrong with the engine other than it was definitely throwing out codes for knock sensors, as they called it a "weird situation." Oil levels were fine, they did a recall that involved updating the firmware on the battery so I have use of the electrical part again, I can commute around town up to 30 miles a day until I address the engine and get it swapped out myself or with an honest mechanic. +I believe that the massive gold sell of today was 1 of 3 things. + +1. Someone was margin called and finally needed to pay up. + +2. Someone was liquidated. + +3. This is the one I believe to be true. +Whoever is holding the majority of the shorts or funding them is finally bleeding out their last funds. The sell off $4B worth of gold to kick the can 2 more weeks. + +Whichever one it turns out to be still Jacks My Tits. + +Gamestop NFT Update announcement soon or not I feel we are getting real close fellow apes. + +Hedgies are bleeding and the whistles are blowing. + +Buckle up, we haven't seen anything yet. + +Buy, Hodl, GME, Buy from GME + +POWER TO THE PLAYERS. + +EDIT: Added link to an email a fellow ape received about gold selloff. + +[email link](https://imgur.com/a/kw2eQ0t) +I hope new retards that just joined WSB needs to realize that this struggle between Retail Investors and Hedge Funds may take longer than you think. No one knows when the short sqouze will take place. Be ready to HOLD for 2-3 weeks or even longer. We may have the upper hand, but don't think the hedge funds are stupid. They have been playing this short game for decades with a huge war chest funds to see us lose. Be ready for several weeks of FUD, misinformation, and restrictions. Hedge Funds need for us to lose because they need to send a message that they can beat us at this game. They are trying to make the statement "We will beat you at this because we have everything on our side." If hedge funds lose here then everything that they have built up will fall a part and change and that's the last thing they want. +Don't invest more than what you can lose. Be safe, go out exercise, and eat. Try not to stay glued to the screen. Best of luck to all you retards and autists. + +Thanks to all the mods for keeping the community stable and doing your best in removing bots and shills. + +This isn't financial advice. I am not smart. I just really like this stock. +In GME 200 shares to Mars and planning to Hold Long. 💎🤚🚀🚀🚀🚀🚀🚀 +I get the sense there is a good mix of people in here trading for a living, either for themselves or for a company. I would be curious to hear peoples thoughts. +&#x200B; + +https://preview.redd.it/do7n0icnj8371.jpg?width=700&format=pjpg&auto=webp&s=1f3b3c5de9dc2c0178ab93316e485b7ca4638cb5 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/3o6w2w13f8371.png?width=1300&format=png&auto=webp&s=d24ff9cdab40448e9d3c1896a38263446d44b218 + +Started in 1986, Tassal, short for Tasmanian Salmon, have grown over the years to become the largest salmon farmer in Australia. They operate three main hatcheries in Australia. Their six primary marine regions are located in the waters of Tasmania. Additionally, they own several processing facilities and a smokehouse. More recently, Tassal has branched out into the prawn farming business as well, with hatcheries and farms located in North Queensland. + +&#x200B; + +https://preview.redd.it/5pni6om3f8371.png?width=1332&format=png&auto=webp&s=f25372b6762bfc4421c1ea0e30b084b57c88ec3a + +Indeed, between the hatcheries, farming, and processing operations, Tassal has a footprint that covers the entire east coast of Australia (TAS, VIC, NSW, QLD). Not only that, but they support much of the local fishing industry through their primary feed vendors. Their group of brands are distributed across all of Australia in Coles and Woolworths grocery stores, in addition to other smaller chains. I would be surprised if most Australians did not know their name at this point. + +# The Checklist + +* Net Profit: positive last 10 years. Good ✅ +* Outstanding Shares: trending up (2 cap raises, 2017 & 2020). Bad ❌ +* Revenue, Profit, & Equity: growing steadily L10Y. Good ✅ +* Insider Ownership: 5% w/ lots of on-market buying LY. Good ✅ +* Debt / Equity: 63% w/ Current Ratio of 3.3x. Good ✅ +* ROE: 11% Avg L10Y w/ 10.3% FY20. Good ✅ +* Dividend: 3.4% Avg L10Y w/ 4.8% FY20. Good ✅ +* BPS $3.81 (1.0x P/B) w/ NTA $3.27 (1.1x P/NTA). Good ✅ +* L10Y Avg: SPS $1.81 (2.1x P/S), EPS 23.7cents (15.7x P/E). Good ✅ +* Growth: +11.2% Avg Revenue Growth L10Y w/ 0.2% FY20. Neutral ⚪ + +**Fair Value: $5.00** + +**Target Buy: $4.23** + +Overall, the company looks pretty solid. The two capital raises in 2017 and 2020 are a bit concerning, but they were relatively small and were targeted towards strategic acquisitions (fish farm and prawn farm, respectively). As such, they have not had a major dilutive effect on the earnings per share. + +# The Knife + +&#x200B; + +https://preview.redd.it/thy5bto4f8371.png?width=1846&format=png&auto=webp&s=f3de5b3c9e05cce3ae88c0a02015e6f6e24d7c2a + +TGR reached an all-time high in July of 2019. At that point they crested $5.25. Since then, they have experienced a sustained sell-off, helped in part by the sharp fall during the pandemic. TGR went as low as $2.77 at the worst point of the March 2020 crash. Owing to their struggles, they have been since cut from the S&P/ASX 200 this year. + +Those who had bought at the high, at the close of today @ $3.73 (Fri 4th June 2021), would be down nearly -30% on their investment. Though, dip buyers and those that averaged down would be seeing a resurgence now. Year to date, TGR has gained nearly 11%. Based on its performance, it might not be fair to say that TGR is a absolute dogshit. Off the 10-year chart, there is a lot more room for pain. + +&#x200B; + +[TGR Short Interest](https://preview.redd.it/jjvf1mihh8371.png?width=1400&format=png&auto=webp&s=d85ce92d2526b7879c4e58a1cc98222a1f6592e1) + +What makes Tassal interesting, with this respect to this Catching the Knife series, is that they have a massive short interest betting against them. For a time early this year, Tassal was the most shorted stock on the ASX, with 13.2% of its entire outstanding shares shorted. This has dropped to 9% with 17 days to cover, but that still makes it the 7th most shorted stock on the exchange. Something is very fishy here. **😺** + +TGR is a stock with a 2 year downtrend, and seemingly a fair bit of continued negative sentiment in the market. Epic dogshit in the making? + +# The Diagnosis + +The Short Answer: Price for TGR seems to following earnings expectations, and the pandemic saw salmon markets depressed around the world. + +The Long Answer: There seems to be a lot of factors involved; some of them founded in the fundamentals, but most seemingly based in sentiment only. + +Let’s start with the short interest. I browsed the Hotcopper forums, since I reckon they know a thing or two about shorters. **😸** Indeed, there is a 600+ post thread asking that very question! *Why would you short Tassals \*now\*?* Even the experts at HC were stumped. + +&#x200B; + +[Live Shot from HC's TGR forum](https://preview.redd.it/2qee4eweh8371.png?width=962&format=png&auto=webp&s=dc666564615f2c877f2682b4894d92b183583268) + +Jesting aside, I have to admit that some of the posters on the thread were quite good with their analysis (better than mine), and so I drew some inspiration from them in my write up today. Where they and I largely agree is that the fundamentals on Tassal are quite good. The business is very reasonably priced for it’s historical numbers, and is in pretty good shape with its leverage, and has a lot of potential for growth with recovering salmon prices and prawn business development. + +&#x200B; + +[TGR vs HUO since EOY19](https://preview.redd.it/hh3qgkn8f8371.png?width=1845&format=png&auto=webp&s=f602aca94a38ebd05b4fd92dee74d91ceb58251b) + +My own speculation is that it comes down to a comparison between Tassal and their long time Tasmanian competitor Huon. Neither business has recovered fully from the pandemic crash. Indeed, Huon has continued to slip, currently trading significantly lower than its worst lows in March 2020. Could the market be seeing Tassal's relatively flat recovery as indicating that it’s still overvalued? + +If we were to apply the sort of percentage falls since the start of 2020 that HUO has experienced, TGR would be closer to its pricing in 2011-2013. In that way, I could certainly see a case being made for TGR’s downtrend to continue as its share price reverts to the industry mean. + +The narrative for their continued fall is further brought home when you consider their exposure to the Chinese export market. Back in 2017, TGR partnered up with a Chinese distribution business HNA and have continued to airfreight stock there and to other markets like Japan in the last few years. + +# The Outlook + +The problem with all of this analysis is that Tassal’s outlook is actually pretty good. Salmon prices have been recovering since the start of 2021. Despite the dip in 2020, the average price for Salmon in FY21, as listed on the International Salmon Exchange (Fish Pool), is not even that low. If prices stay at these recent levels for the remaining weeks, the average will fit well within the levels since 2016. + +&#x200B; + +[International Salmon Market FY12-FY21, Fish Pool](https://preview.redd.it/ojri40r9f8371.png?width=1615&format=png&auto=webp&s=d942fc73e551066a0d80b536b19a8a6a50f9353c) + +And what about the export market? Many stock market experts that have talked about TGR recently and point to TGR's risk in the Chinese market. China themselves have indicated they are starting to cut off the Australian product from their imports. Those experts seem to indicate that TGR is likely to see a massive loss in revenue and earnings as a result. + +&#x200B; + +[Their loss, really.](https://preview.redd.it/wpavj6haf8371.png?width=1000&format=png&auto=webp&s=4e3fc3f206b444094653c97044fb52c548786f4a) + +It is true that TGR gets roughly 16% of it’s revenue from export sales. The portion from China is likely at least half of that. But at the end of the day, Tassal's exposure is likely only 10% at the most. Furthermore, when you consider earnings, the impact is much more muted. Export sales incur higher cost ratios due the cost of airfreight. Therefore the export contribution ultimately to the bottom line is much smaller in comparison to the revenues generated domestically. + +So TGR’s exposure on earnings for the Chinese market is likely the lesser portion of 5%. This is hardly significant enough of a downturn in earnings to think that TGR will fall down to 2012 levels at $1.5 per share (-60% from current), a time when they had half the revenue and earnings. Tassal themselves refer in their reports to the export market as more of a means to offload excess production, rather than a primary source of earnings. And there is nothing to say that they couldn't offload some of that production into countries besides China. + +&#x200B; + +[fao.org](https://preview.redd.it/7wmcex9bf8371.png?width=1800&format=png&auto=webp&s=028483cc856ae45f238665f01fa545f95edf97e7) + +More importantly, Tassal’s long term position in the industry can only be stated as very positive. Since the 1980s, fishing has levelled off. This is in part due to constraints on catch volumes, set up for the long-term sustainability of those ecosystems. The demand for fish on the other hand has continued to go up. The difference thus far has been filled almost completely with aquaculture production. + +&#x200B; + +[agriculture.gov.au\/abares\/](https://preview.redd.it/fmz1gcacf8371.png?width=1119&format=png&auto=webp&s=c95471e125dca1d4378ee36890e0bfd3b83031cc) + +The Australian Bureau of Agricultural & Resource Economics (ABARES) has estimated that the Salmon farming business in Australia will grow to be worth over 1billion in the next couple of years, or about +10% per year until FY22. Furthermore, while the prawn business might shrink in the long term, it is presently worth about 300-400million. This is an area that Tassal has only just started to expand into, and so represents almost pure upside for them currently. + +# The Verdict + +I think that the shorts have looked at this all wrong. If they were getting their evaluation from the comparative price between TGR and HUO, they failed to account for the fact that Huon has been priced well beyond what might be considered reasonable. Its valuation multiples have been double if not quadruple that of TGR. Despite only having half as much revenue and at a lower operating margin, Huon were somehow trading at almost the same market cap. On top of that, Huon were much more exposed to the export market. If anything, HUO has been reverting to the industry mean. + +I agree with one of the major posters on HC, I’d have shorted HUO and went long TGR. + +[One of Tassal's Salmon Farms](https://preview.redd.it/u5eriejgf8371.jpg?width=1920&format=pjpg&auto=webp&s=c421ecd247cf39715d2424085dde2c20fd97e966) + +The main problem long term I see with TGR, is that they have pretty terrible sentiment amongst some of the more environmentally conscious. In 2016, ABC had a 4 Corners episode ripping into the dangers of salmon farming. Ironically enough, in the same special Huon's owner was interviewed and featured glowingly (makes you think, huh). + +&#x200B; + +[Alaskan Salmon Troller, photo KTOO.org](https://preview.redd.it/jyo9a4xah8371.jpg?width=1016&format=pjpg&auto=webp&s=b006516849fb438e68be157bf3e0b0a99d9fc63a) + +The thing is, I would think that those same environmentalists would appreciate that salmon farming provides some relief in an industry that would otherwise be troller fishing for wild salmon in the oceans. I understand there are some difficulties associated with farming, but surely in the grand scheme of things, overfishing the oceans is much worse than sustainably farming them? + +&#x200B; + +[- Mark Ryan \(CEO of Tassal\) probably...](https://preview.redd.it/mamcvxuif8371.png?width=1127&format=png&auto=webp&s=b1694021a89c96c8f9d3372e6991a19cc256e430) + +Maybe the industry in general just needs to work a bit more on the PR for farming vs wild catch. Though, this is probably a bit rich of me to say. TGR have had several certifications and awards for sustainability and responsible sourcing by environmental organizations. They even have a big portion of their website devoted to highlighting all of this (dashboard.tassalgroup.com.au). So, who knows? 🤷‍♂️ Though, it would be remiss for me not to mention this sentiment as a likely reason that TGR struggles a bit on valuation, and perhaps also why it has historically traded at a relatively low multiple vs Huon. + +# The Target + +Whatever your opinion, if we are going to catch this knife, it’s time to figure out a good entry point. As it is right now, I think Tassal is being sold at a bit of a deal. The historical numbers that I used at the start of this analysis were already adjusted for the current outstanding shares. So the price points are more or less on the mark for averages and I think that's probably a fair way to evaluate a cyclical stock. + +The trick with a cyclical stock is that they generally trade in waves over long periods of time. It’s important to pick the entry point near the bottom of one of the waves. Indeed, looking at the last 5-6 years worth of trading, one might get a very definite since of a general uptrend in the stock trading to higher highs and higher lows. The waves in the stock likely following the general sentiment of salmon prices on a yearly cycle, as there would seem to be definite yearly cycle to the international salmon market (probably correlating with harvesting periods) + +&#x200B; + +[TGR SP trends since 2014](https://preview.redd.it/1a163b3cg8371.png?width=1845&format=png&auto=webp&s=23bb3233a3598be632322b5ad22f152eb6fb6940) + +With this in mind, I think an argument can be made that the downtrend forming off the 2019 high was not the start of a long-term fall, but rather accumulating to rebound to another high. However, March 2020 happened, and that totally threw a wrench into the cycle, and later depressed the overall market for salmon. + +What this chart might tell us in a very basic sense is that there is a fair bit of support in the low $3 range. This level makes sense in context of the book price. Currently the net tangible assets of TGR are around $3.27 per share. Coincidentally, there is a long term support at this price too, which may have helped on a psychological level for the market too. + +However, there is no need to use technical analysis for this stock. I think a consumer staple stock like this would trade largely based on it's fundamentals. We can pull some more fundamental figures to the fore to evaluate them, and using the 1H21 to estimate the upcoming yearly results as well. + +&#x200B; + +[\*FY21 estimated using 2x 1H21 figures](https://preview.redd.it/lbdcyxffg8371.png?width=714&format=png&auto=webp&s=c81fcf797961d8aceeeac9abe4bac43b11f03954) + +Given the overall movements in the market internationally, the estimate for FY21 is likely being very conservative. The first half was much lower pricing internationally, but that has recovered, so we'd likely see improved figures from similar volumes of sales. We could further hedge our estimates by discounting the revenue and earnings by removing the exports revenue entirely (in case things go even more pear shaped with China). Export revenue in 1H21 was $61m. Funnily enough, net earnings from exports was -1m (airfreight costs were 500% higher than last year). So really, cutting exports 100% would only affect the revenue levels and not the earnings when looking at 1H21. That would give an estimated rev of $462m for FY21. + +With these hedging discounts in mind (and using net tangible book to boot) we arrive at the following figures: + +* SPS - $2.18 +* EPS – 26cents +* NTA – $3.27 +* DPS – 11cents + +This provides for the following fair and target prices: + +**Fair Price (FY21) - $4.76** + +**Target Price (FY21) - $4.12** + +Really, anything with a $3 in front of it seems like a pretty good deal to me. Obviously, one would prefer to catch closer to the bottom at $3.20, but TGR has had a good run since those lows. It’s perhaps beginning to show a bit more strength and it would be reasonable to think that TGR is eventually going to resume the long-term uptrend channel from 2014-2019. + +# The TL;DR + +Hailing from Tasmania, Tassal has grown to become the largest Australian salmon farmer with a presence throughout much of country. I think it’s perhaps a bit harsh to call them dogshit at this stage, but there are certainly some interesting things happening with the share. They’ve fallen 30% from their highs in 2019, got kicked off the ASX200 index, and were for a time this year the most heavily shorted stock on the exchange. + +Despite all this, I think a confluence of mostly market sentiment has contributed to their fall. This doesn’t appear to be backed up by their fundamental health as a business, nor does it seem to be indicative of a problematic outlook. Whatever the reason, I think TGR is a solid consumer staple stock that has a lot more potential for growth in the future. And as of yet, it is trading well under what I consider a fair value. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on TGR and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): NXL, IFL, RFG, TPG, RBL, CGF, URW, IPL, SXL, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +7. [The Company Formerly Known as an Insurance Co (AMP)](https://www.reddit.com/r/ASX_Bets/comments/nmvp0v/catching_the_knife_the_company_formerly_known_as/) +So the point of this post is, well, you never really know who you can tell your real financial situation to. I have a decent sum, not retirement-level but decent, and thought I would be safe telling my relatives (within the appropriate context). Nope, there seems to be resentment and gossip now. + +Background: my relatives, including my father, are doctors and white collar types. My cousins and siblings are also mostly doctors and white collar types, with a few other STEM major/programmers sprinkled here and there. We have a few cousins who majored in art or something, but even they went to schools like RISD and USC. I was always the "stupid" one in the family, the non-achieving one. The only kid in the whole extended family who didn't have his college funded by parents, let alone graduated from a "reputable", known-name school. I am not saying this for sympathy, I am just saying this is the family dynamic. It is what it is. + +I joined the military (the first and only military member in the family), got a bachelor's in a STEM major from an online school, and cobbled up like 400k in investments (I deposited my savings into the market when all the stocks crashed during 2020 because my logic was that if SHTF, I have bigger issues than losing money in the stock market). I haven't spoken to my family or relatives in YEARS due to bad blood, and then separated from the military and came back to town (for my friends). Along the way I got back in touch with my relatives again. I have two uncles who are both doctors, one assumed I was unemployed and "destitute" before he found out I was in the military. The other told me I must've "been through a lot" not being financially supported by my parents. They both gave me some money as a gift, which I was grateful for. My dad claimed that he felt bad about not paying for my schooling and seeing how well I did for myself, wanted to buy me a house in the neighborhood (this never happened and the offer was pulled back). One uncle wanted me to come to his house so he can give me advice on that, so I took my little 10k used car and drove it to his 5 million dollar house, parked next to his BMW and Lexus. He sat me down and told me that buying a house isn't a good idea if I don't even know if I want to live in the neighborhood long-term, and suggested I rent in the downtown of the city instead. He had a point, but the whole time he was talking as if I've been poor and miserable my whole adult life, and with the assumption that I had no money saved. He then said that since I don't have a job yet (since I just separated from the military) I won't even qualify to rent a place, and asked me rhetorically if I even had savings. I said "I do" and when he asked how much, I said I have 400k in stocks so they're not liquid but I can cash some of it out. He said I should cash some of them out and rent in the downtown while I look for a job. He also asked me if I had a will and who the money was going to, and I said I had a few friends/battle buddies and the church that helped me as my beneficiaries, and he seemed upset and said I should change it as soon as possible to have family members in it instead. I shrugged it off, but thought the conversation overall went well. + +Well, turns out other relatives ended up knowing about my stash because the uncle told them in disbelief. I had another uncle call me up and tell me that he knows I don't have that much money and "that is bullshit", that I should be honest and how I "don't have to try to impress people". He even said that my other uncle who gave me advice about renting "was upset... I mean surprised" that I had 400k. He was like "I was a doctor for 40 years and I don't even have 400k. Your other uncle doesn't have 400k." and I told him it's not like I just have 400k sitting in cash, it was due to investments, and I never made much income in my life - nowhere near a doctor's income. Both uncles have homes that are multimillion dollar homes, one uncle is selling his house soon and he will get 5 million from it. My uncle who told me I was full of shit had like 159k just sitting in his savings account, that's a shit ton of money that's not working for you IMO. I pointed out that he and the other uncle had net worth tied in million dollar homes, retirements, and their children's educations so why is anyone so shocked let alone "upset" that I had 400k? My genuine assumption was that at the best, my uncle would be like "400k? not bad, great job" and at the worst, they would be stuck up and "unimpressed at only 400k". I DID NOT expect this response. + +I get it, I got to 400k without being a doctor or taking out loans to get into an Ivy. I am sure my cousins who are doctors with 200k in student loan debt will still do better than me financially in the long run because they are doctors and the income will keep adding up throughout the years. 400k really isn't that much in the long run, and here we are, "upset" that I have 400k on a military enlistee's income. I assured my uncle that I didn't gain my net worth through illegal means, and he pretty much said "I don't care how you got your money... so how did you get your money?" The family dynamics are awkward now and there were even some comments about how I should put them in my will in case I die. I haven't even talked to them in years and they didn't help me at the worst times in my life, and they're pissed that I have non-family members (friends) in my will instead. + +**TLDR:** Yeah no, you don't know who you can really tell. Just because someone is richer than you doesn't mean they will take it in stride. I thought my relatives wouldn't care, they would be happy for me, because they have high paying jobs and multimillion dollars of assets in homes, cars, well educated children, etcetera. +For example, A McDonald's cheeseburger is a 1.79, but they almost always have coupons, such as 20%, bringing it down to $1.43 + + +Meanwhile here's a breakdown of a cheeseburger made at home: +Meat: 10 patties for $10 = $1/per + +Buns: $2 / 8 = $0.25/per + +Cheese: $2.25/16 = $0.14/per + +Ignoring the rest of the ingredients, it's $1.39 + + +For a single person, eating 2 burgers per meal, it makes sense just to eat out instead of grocery. Most of the time, cooking at home means only making 4 burgers at a time - which means the excess buns get wasted if I don't use them in time. Additionally, unless I want to eat nothing but burgers for awhile, I have to cook the package of burgers multiple times - which means multiple times I'm using gas for the stove, dishes, etc. It just all seems like a lot of effort for minimal rewards. +Like a lot of millennials I'm feeling very stuck, try as I might i am struggling to find work, I live alone and my income is jobseekers allowance which is next to nothing really. Thing is though, even when I'm working between transport, bills and extra food im still left out of pocket. I've got 0 credit rating so can't borrow money, if I ever manage to scrape together money for a car I end up having to buy a piece of junk that lasts a couple months and can't afford to fix when it breaks down. + +I went back to college and got an HND but that seems to be only worth the paper its written on at most and the only job I seem to be able to get is a very physical one that doesn't pay well which doesn't help. On top of that my body is breaking down due to the work, I'm not even 30 yet and I've got constant tinnitus, my back and knees always hurt and its just not sustainable. Any money I get goes on bills, or paying back money ive had to tap off someone to get by. + +I'm at my wits end here, I've not had a decent meal in months and I'm fed up of counting together coins before going into a shop to see what I can buy. I hate this, I'm on my own and can't even date or make friend as I've got no money to meet people or do things with them. It feels like I'm priced out of having a life. + + +I don't want to be rich, I don't even want to be well off. I'm just fed up of living like this. What can i actually do to get somewhere? If you had to start again now with absolute 0 and no chance of credit what would you do? + +EDIT: thanks for all the replies theres some things I'll look into, to answer a few questions my HND is in software development and I can even seem to get an interview so I've no idea why JuSTLeArN tO CoDe is such a popular answer. By the looks of things the answer is to find a career with work your way up potential so ill be looking into that and see what i can find, I think a lot of jobs seem to see all the years working in garages and just brush over me as thats where my experience is but I just can't do it anymore. My body is fucked and the pay hasn't improved much in 13 years so there's that. + +What do I want to do? Not live in poverty anymore, I have my whole life (nearly 30 now) and I'm just sick of it, don't really care how I just don't want to be poor anymore honestly + + Thanks everyone for all the advice +I am 24M and wife and I both have company sponsored 401k plans. I contribute 8% Roth and 3% traditional, company matches 7% pre-tax. Wife contributes 5% Roth and 5% Traditional, company matches 6% pre-tax. + +We are working towards maxing these out each year to save for retirement. It seems like almost everyone recommends maxing out a Roth IRA each year before trying to max 401k (after company match). Since we are putting Roth dollars into our 401k, do we still need to open a Roth IRA? + +EDIT: Ok so I have decided to open up a Roth IRA through fidelity. I am only 24 so I am going to be investing and holding for quite a while. What are good investment strategies? + +So far it sounds like 60% VTI + 40% VXUS, Fidelity Freedom Fund Index target date fund, or some other combination of mutual funds are the way to go. Any suggestions/thoughts? +Hi all, can I ask you to help me with a super basic thought experiment? I realize this is beginner stuff. + + +I have done a fair bit of reading on valuation, but it does tend to go into the weeds a bit, and also everything gets qualified a lot because there's so much uncertainty about the future. I think it would be very helpful for my own thinking if I could provide an answer to an overly-simplified hypothetical. + + +Imagine you're a rich capitalist, and you've got a good amount of free cash available, so you don't need to borrow. A business owner comes to you and offers to sell you his company. The company in question does $1 million in sales annually, with a net profit of $100k. It has an able manager in place, so you don't have to run the company. But because of the economics of the business, it will never grow. It's $100k/year as far as the eye can see. + +Now, he's not just offering the company to you. In the next room sits another capitalist, and the business owner has made the same offer to him. + +He'll take one offer from each of you, the highest offer gets the business. What do you bid? +Hi everyone, Bob here. + +[Bob's pissed...](https://preview.redd.it/gp62wlpt16a81.png?width=800&format=png&auto=webp&s=b2ae73b69fa17dc1af28b53cb9b55a218f1d1f09) + +Yesterday, I posted something interesting about incoming FTDs. These FTDs are largely incoming because of abusive shorting of ETFs containing GME, among other meme stocks. Here’s a quick screencap of that post in all it’s glory in case you missed it: + +Edit: Bad link + +drive.google\[.\]com/drive/folders/1poM5S5qaiyyLd40gWSgKdn3ONzWbgdfj?usp=sharing + +While I’m at it, All my data is open to the public, and I welcome you to poke around and ask questions. This is DD after all, so Do your **Due Diligence**. Link to the drive is in my profile + +**Disclaimer**: + +None of this is financial advice, and I'm mostly just a dumb ape who’s been learning all along the way. A great example of just how ape-ish I am is the fact that we are trading at $1**69** is extremely bullish to me. Not because we’re up, way up, in after hours (where retail *obviously* is keen on fomo’ing into leaked news 🙄). No, because the number as 69 in it, and i find that bullish AF… + +# The DD + +So let’s dig right in. Many apes have worked tirelessly over the past year to identify just what in the sam hell is going on with GME, and other meme stocks I really don’t give a shit about, so won’t mention here. What has been uncovered is nothing short of amazing. There’s tons of theories out there on what’s up, and there’s amazing amounts of tinfoil hat theories circulating about crime, market manipulation, and class warfare, but I try to focus on concrete, tangible things. So let’s look at the data shall we? + +# FTDs for GME, a Year in review: + +[FTD & Cyclic Tracking of my favorite stonk, GME](https://preview.redd.it/bd3wwe4w16a81.png?width=2315&format=png&auto=webp&s=4845659b7417cfe426d79498ccf46e13ca39d477) + +You might be noticing the giant pink dildos. This is resultant of what I think to be short interest hiding in derivatives. We have been seeing pretty good indication of this being a stall tactic that may or may have been a knee-jerk reaction to what happened in Jan 21, which I like to call the Big Sneeze. Since we’re nearing that date, we have been seeing exponentially larger shorting activity on mostly ETFs containing GME, such as XRT, which is on the threshold list and likely at least part of the reason for the major spike after hours today on all the basket stocks. + +What’s got me even more jacked about this is the fact that XRT is thresholded, Jan puts hiding SI are expiring, AND there is a PILE OF FTDs coming due all around the same time. Where did this pile come from you ask? Failing to roll the CBOE futures on the last cycle, and subsequently shorting the everliving shit out of the stock through ETFs. + +# Time to pay the piper. + +It is looking like last Jan might end up being rookie numbers compared to what is coming. No dates, but I do have data. Check it out. + +[A comparison on the change in different metrics between last year's run and this year's setup.](https://preview.redd.it/e1a4jq8x16a81.png?width=1036&format=png&auto=webp&s=73b68da19ee63c0c19592d0374725f4d37e84542) + +Notice the large increase in total FTDs, as well as FTDs per share traded. Most recently, we see an *increase* of 2.28 FTDs created per share traded... Hmm, i wonder how that run in after hours affected that number :D + +**Key Points:** + +* The stock is MUCH MORE illiquid +* There are more FTDs being generated per trade +* Shorts Never Covered and the price doesnt matter. +* Shorts are using ITM puts to drive the price down along with shorting the stock. here's how: + +[credit to u\/gherkinit](https://preview.redd.it/8yshr3dy16a81.png?width=676&format=png&auto=webp&s=9d04cb73e61efd213f360173c837abe154c59f24) + +# TADR + +Shorts never covered in Jan, big ups incoming methinks, and the data seems to agree. AH run is likely from paying the piper for all their fuckery. + +**See you on the moon** +I'm interested in hearing everyone's favorite FAT-themed memberships, subscriptions, services, etc. I think the concept of employing fixers and similar services is fascinating and a world that's not easily Googleable. + +Example to give an idea of what I'm talking about: Health Advisory services, as mentioned in a recent NYT article about class divide during COVID. These can help ease access to testing, experts, etc. The one listed is $80k/6 months + +The point is, I'm interested in hearing about everyone's favorite 'little known' services that non-FAT type's may not even have known existed. I for one (on the path to FF...getting closer) didn't know about the private health advisory service. I'm interested in learning about these not just for consideration, but I think these kinds of services live in a very interesting world, i.e., I was [reading](https://www.businessinsider.com/inside-the-turmoil-at-mark-zuckerbergs-private-family-office-2020-2) recently about Zuckerberg's family office, managed by the secretive ICONIQ capital. The services and memberships it offers I think are fascinating, and would love to hear others that you all use/have heard of. + +EDIT: Thanks so far all; these are excellent. List so far: High-end vacation home swap; armored luxury vehicles; fire insurance; concierge doctors. + +Let's keep it going. Would love to hear about the more squirrely services in the realm of 'fixers', off market buyers/sellers, etc. My sense is a lot of those services may all-inclusive to family offices and law firms. +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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Honestly these seem like the only ways to reach financial independence. +That's the majority of people posting on here I feel. + +For them quite frankly there making so much that they'd achieve financial independence passively as long as they don't spend stupid amounts of money. + + + +I want to hear from some firefighters, teachers, hotdog stand owners, plumbers and nurses. Common people making 5 figures. + +(I'm a civil engineering student for those asking btw) + +How has your FIRE journey been and what do you do differently? + + + + +Edit: Nursing is awesome. +Late April, I started recording all of my option trades. + +My philosophy is to run the wheel: Sell CSP mostly on stocks I don't mind owning (between 65-70% Chance of Profit). I close the trade if I gain 50% with 50%+ DTE left. If the CC/CSP takes a while to depreciate, I sometimes hold until expiry to collect as much premium as possible. If assigned, I sell CCs as far as possible (80%+ Chance of Profit). + +&#x200B; + +Here is a summary of all option trades I made in 2021: + +&#x200B; + +\- Starting Capital: $20k + +\- Most Traded Options Strategy: The Wheel (31 CCs and 21 CSPs) + +\- Most traded Ticker: SOXL (26 trades) + +\- Median DTE: 32 days (median to account for LEAPS outliers) + +\- Average days held: 13 days + +\- Average profit: $151 (total profit for the year: $9381) + +\- Average % return: 49.4% + +\- Wins : 49 vs Losses : 4 + +&#x200B; + +Table with all **of** my option trades: + +&#x200B; + +|**Symbol**|**Type**|**Opened**|**DTE**|**Days Held**|**Premium**|**P/L**|**% Profit**| +|:-|:-|:-|:-|:-|:-|:-|:-| +|SOXL|Covered Call|12-22-21|16|3|410|205|50%| +|SOXL|CASH SECURED PUT|12-02-21|36|5|500|250|50.00%| +|TNA|CASH SECURED PUT|11-30-21|31|7|560|269|48.04%| +|SOXL|CASH SECURED PUT|11-29-21|32|0|610|300|49.18%| +|TNA|CASH SECURED PUT|11-29-21|32|0|300|300|100.00%| +|TNA|CALL CREDIT SPREAD|11-01-21|32|23|500|400|80.00%| +|SOXL|COVERED CALL|10-13-21|30|47|660|660|100.00%| +|PLTR|COVERED CALL|10-12-21|24|0|41|26|63.41%| +|SOXL|COVERED CALL|10-05-21|31|7|405|210|51.85%| +|SOXL|CASH SECURED PUT|10-01-21|42|13|420|185|44.05%| +|TNA|CASH SECURED PUT|09-28-21|38|16|805|440|54.66%| +|SOXL|CASH SECURED PUT|09-28-21|38|9|410|205|50.00%| +|SOXL|COVERED CALL|09-27-21|32|1|308|153|49.68%| +|SOXL|COVERED CALL|09-23-21|36|5|275|270|98.18%| +|SOXL|CASH SECURED PUT|09-21-21|59|2|420|340|80.95%| +|TNA|CASH SECURED PUT|09-21-21|38|1|480|180|37.50%| +|SOXL|COVERED CALL|09-15-21|30|6|420|230|54.76%| +|SOXL|CASH SECURED PUT|09-08-21|37|7|370|165|44.59%| +|GME|CALL CREDIT SPREAD|09-08-21|2|1|225|200|88.89%| +|SOXL|COVERED CALL|09-27-21|32|1|308|153|49.68%| +|SOXL|COVERED CALL|09-23-21|36|5|550|270|49.09%| +|SOXL|CASH SECURED PUT|09-21-21|59|2|840|340|40.48%| +|TNA|CASH SECURED PUT|08-12-21|22|13|480|240|50.00%| +|SOXL|COVERED CALL|09-15-21|30|6|420|230|54.76%| +|SOXL|CASH SECURED PUT|09-08-21|37|7|370|165|44.59%| +|TNA|CASH SECURED PUT|08-04-21|30|2|500|250|50.00%| +|WISH|COVERED CALL|08-31-21|38|21|33|25|75.76%| +|VLDR|COVERED CALL|08-25-21|205|104|90|70|77.78%| +|SOXL|COVERED CALL|08-23-21|25|23|200|10|5.00%| +|WISH|LONG NAKED CALL|08-13-21|161|18|1078|\-63|\-5.84%| +|SOXL|CASH SECURED PUT|08-12-21|36|12|300|150|50.00%| +|AMC|CALL CREDIT SPREAD|08-09-21|4|1|4.95|0|0.00%| +|SOXL|COVERED CALL|07-29-21|22|14|201|111|55.22%| +|PLTR|COVERED CALL|07-20-21|87|65|52|\-82|\-157.69%| +|WISH|COVERED CALL|07-20-21|38|24|95|89|93.68%| +|SOXL|PUT CREDIT SPREAD|07-19-21|60|1|50|0|0.00%| +|TNA|CASH SECURED PUT|07-16-21|42|12|230|96|41.74%| +|VLDR|COVERED CALL|07-15-21|29|4|35|20|57.14%| +|SOXL|CASH SECURED PUT|07-15-21|36|8|170|70|41.18%| +|PLTR|COVERED CALL|07-12-21|32|8|25|13|52.00%| +|SOXL|COVERED CALL|07-07-21|44|9|310|160|51.61%| +|WISH|COVERED CALL|07-07-21|100|13|50|31|62.00%| +|PLTR|COVERED CALL|07-06-21|10|6|10|8|80.00%| +|SOXL|CASH SECURED PUT|07-02-21|49|27|620|280|45.16%| +|VLDR|COVERED CALL|06-29-21|52|14|95|70|73.68%| +|AMD|LONG NAKED CALL|06-22-21|178|7|784|456|58.16%| +|WISH|COVERED CALL|06-16-21|30|20|45|40|88.89%| +|WISH|CASH SECURED PUT|06-16-21|30|5|86|56|65.12%| +|FAS|CASH SECURED PUT|06-14-21|32|17|810|0|0.00%| +|PLTR|COVERED CALL|06-14-21|32|22|40|31|77.50%| +|GME|CALL CREDIT SPREAD|06-09-21|2|1|600|432|72.00%| +|VLDR|CASH SECURED PUT|06-09-21|9|7|28|13|46.43%| +|VLDR|LONG NAKED PUT|06-09-21|9|0|350|70|20.00%| +|PLTR|COVERED CALL|06-07-21|25|10|35|12|34.29%| +|VLDR|COVERED CALL|06-07-21|39|22|30|20|66.67%| +|SOXL|COVERED CALL|06-03-21|43|18|235|120|51.06%| +|SOXL|COVERED CALL|05-24-21|25|10|210|\-25|\-11.90%| +|VLDR|LONG NAKED CALL|05-13-21|218|4|470|130|27.66%| +|VLDR|LONG NAKED CALL|05-04-21|227|35|1440|\-20|\-1.39%| +|PLTR|COVERED CALL|04-28-21|30|15|39|35|89.74%| +|VLDR|COVERED CALL|04-28-21|23|16|160|117|73.13%| +|TNA|COVERED CALL|04-28-21|23|15|270|200|74.07%| + +&#x200B; +JPMorgan will give 18,000 employees a raise over the next three years. +The firm is raising its minimum pay for overtime-eligible US employees from $10.15 an hour to between $12.00 and $16.50 an hour, depending on market factors. +http://www.businessinsider.com/jpmorgan-is-giving-us-employees-a-raise-2016-7?utm_source=feedly&utm_medium=webfeeds +My credit card company notified me immediately and asked if it was an authorized transaction. They promptly canceled the card. I still have the card in my possession so I'm not even sure how they got it to process. Maybe they picked up the number from an online transaction or restaurant and then fabricated a fake with a strip instead of the chip? Also, why a Smoothie King and what did they buy for $200?!? Maybe they were trying for gift cards or one of those tubs of protein and then possibly a cash return?? I'm only guessing....I'm confused by their actions.... +In the spirit of Marvel's Endgame releasing soon, I was thinking about what the effects of Thanos' finger snap would be on the global economy. + +&#x200B; + +For those unfamiliar, the villain snaps his fingers and instantly half of the human race turns to dust. + +&#x200B; + +What are the implications for the economy? Would there be any inflation? Not really looking for specific answers, just interested in your thoughts :) +Not sure how negative interest rates works anyway?sounds like a theory that isn’t great in practice as I’d rather incur no interest than being charged. + +<edit elaborate comment> + +I should have mentioned, if you had savings, they’d charge you and hadn’t consider the alternative, if you had a loan. +Just wanted to preface this post by saying I do own all of the stocks mentioned in this post (except for Amgen, for full transparency. + +If anyone is having trouble finding new stocks to get into, I thought it would be a good idea to list some companies who pay out a stable dividend and have recently increased it by a relatively large amount. Dividend yield is only a part of the benefit of dividend investing; consistent dividend *growth* can be an underrated boon as well, imo. Anyway, here are some suggestions, specifically stocks that have increased their dividend over 10% in the past 6 months. If anyone knows of other large increases, please feel free to share them in the comments. Metrics are pulled from Fidelity. + +&#x200B; + +|Ticker|Yield|1 yr. Growth|5 yr. Growth|Payout Ratio (TTM)| +|:-|:-|:-|:-|:-| +|AFL|2.58%|17.86%|9.99%|19.79%| +|HD|2.28%|10.00%|19.05%|55.28%| +|TROW|2.51%|20.00%|14.87%|43.29%| +|TXN|2.32%|13.33%|21.83%|68.34%| +|ABBV|5.03%|10.17%|17.93%|191.18%| +|AMGN|2.86%|10.00%|11.97%|57.19%| +|GD|2.68%|16.67%|11.52%|43.27%| + +I included the Payout Ratio because I particularly like when stocks have a payout ratio of 40-60% (shoutout to [dividenddiplomats.com](https://dividenddiplomats.com)). This is a nice sweet spot, because a ratio closer to 100% means the company is using the vast majority of their earnings to pay the dividend, while a low payout ratio may be too low for the retail investor's tastes. Of course you can make exceptions to this, like for Apple and Microsoft, I do as well. + +Happy investing! +* The hint to this huge drop should've been a period when you saw that meme coins were going up and then more meme coins been created and then fights between meme coin HODLers who's meme coin is the realest... +* ETH folks yelled just days ago "last chance to buy under 4k"... +* grandma coming in to this sub saying it's ok kids +* laser eye twitter profile pics +* John MCAfee doubling down and calling 1 BTC = 2M $ by the end of the day +* covfefe (I dunno) +* moon farming and moons actually being worth a dime +* this sub going to 3 million members +* memecoin subs going into million(s) subs +* people calling themselves CEO of wallstreetbets and the king of the apes for no reason + +TL;DR: BTC is going to reach its new ATH in June 2021 (78k $ to be precise) and you can quote me on that! + +EDIT: thank you guys for all the awards, very kind of you, love you all (APES TOGETHER STRONG) + +EDIT2: Justin Sun (the original Trontard and the guy who stole the copy of the copy of the copy of Ethereum, and twitter troller of announcements of annocements) is going to save us, he just bought 4k+ bitcoin worth 150M $ and 54k+ ETH worth 135M USD with the money he never had or ever seen in his life (not gonna post the link but check out his twitter if you want). He showed no proof of his purchase but we're on the way to 78k USD/BTC moonbois thanks to good ol' sun-shine! The prophecy is still on! +Excuse me if this post isn’t a good fit for this sub. Throwaway account as I’m quite active on r/fatFIRE on my regular account. + +This isn’t necessarily about fatFIREing, rather an issue that I and many others who are high-earners and aspire to fatFIRE share. + +The last 10 years of my career have been my highest earning by far. I went from 130k to 500-650k/year, and my NW is about $3M. I’m 41, and a low-level Exec in a giant IT company. During this entire time I’ve been addicted to pot. + +Not a little pot. A lot of it. I smoke daily after work, or vape if I’m going to work or social event after work hours. I used to not smoke during the day but I do now. I was high during the interviews to get this Exec role. I’ve been high when I’ve made mistakes at work and home. Although the mistakes I’ve made while drunk on business trips are very cringey, nothing catastrophic has happened as a result of my drinking (yet). That’s a different issue though that I���m addressing and have made significant progress this last 6 months, but I acknowledge it’s still an issue and part of my overall problem with substance dependency. + +We have no kids at home and my partner also smokes on the weekends, I picked up the habit when we got together but haven’t been as successful at cutting back. + +All my current issues are a result of the drug use, and at the same time, I started and continue the drug use as a result of my psychological issues. I’ve spent years in psychotherapy, which fixes my marriage but I haven’t tackled the weed issue yet. + +Why am I posting on this sub? A lot of high-performing, type-A execs share this problem. Our predisposed addiction to work often means we are predisposed to other extreme tendencies. Many of my peers are addicted to alcohol which in some ways is more socially acceptable but the consequences of drunken benders tend to be much more.... spectacular than say, overdoing the vape pen at a conference. + +The other reason I post this is to hold myself accountable to my FatFIRE goals. I can achieve everything I want and more if I can get this problem under control. If I spent a fraction of my high-time reading, exercising, learning more about my industry and competitors or just doing email, I would be significantly less stressed out than I am now, wasting hours of my day being stoned or tired. + +Wish me luck in 2020. Thank you, fatFIREers for your brilliance humor that you bring to this sub. All the best to you in the new year! + +TL;DR: Picked up a drug addiction while FatFIRING, hoping to overcome it in 2020. If you’re in this position, please feel free to DM. + +Edit: removed some text that could link me to my main Acct. +...and what would they propose to replace in order to raise revenues for the government? Would this amount be significantly more than purely corporate taxes? Why are they not simply taxed on gross income? How is it considered 'inefficient'? + +&#x200B; + +I have heard of a consumption tax, would this be something like Value Added Tax? +China GDP in 2019 is 14.2 trillion, growth rate is 6.2% + +As comparison, when the US had an economy of that size was in 2007 around 14.5 trillion with a growth rate of 1.8%. + +Meaning when the US had a similar economy size as China today, China is still growing 3.5x faster. + +12 years on today, the US economy is still in good shape which everyone would agree. So am I missing something that everyone sees which points to the fact that the China economy is doomed to fail in the near future? +I'm 38 with $7.5m net worth. Married, no kids. Goal is $10m. My wife and I are both in tech, and she recently retired this year. As we get closer to the goal, I'm considering my own ability to FIRE. I'm growing concerned that I actually can't do it, and it's not about money. + +I fully agree with the notion that you *need* something to FIRE to, and unfortunately this is what I lack due to my condition. I was recently diagnosed with high-functioning autism (aka Aspergers). My condition expresses itself in many forms, but the relevant part is that I find 99.9% of things absolutely dull and uninteresting. There are only a handful of activities that I can actually get into, and when I do they quickly become unhealthy obsessions rather than hobbies. I'm fortunate that I find my job interesting, and I credit my condition for allowing me to grind hard and long enough to get to where we are. My fear is that leaving the workforce would boith mean losing one of a few interests I have left, and leaving the stability of an enforced cadence for my life. + +I'm reaching out to this community to see if there's anyone else out there in a similar position. If you have a similar condition and you're on the FIRE track, or you've been FIRED, how are you dealing with this issue? + +--------------------- + +Edit: I just wanted to thank everyone for joining in on the conversation and helping myself and others who will read this in the future. You've given me a lot to think about. +I am feeling completely overwhelmed with household repair/maintenance, and not sure what I need. We just went through a pool/paver job that took 6 months, a door install fiasco that I am still dealing with one of the big box stores after a full year, a roof repair with a hard to find leak that took nearly 6 months to finish, not to mention some battles with boat repair guys and the trailer repair shop. Now I have a number of jobs coming up including stucco repair/ paint/gutters, a landscape makeover, all new kitchen appliances, a bathroom refresh, and then a bunch of handyman type stuff around the house. After what seems like a never ending battle with incompetent contractors, the whole idea of starting any new projects seems soul crushing. + +I am not really sure how to approach this. Finding a reliable handyman seems like a nearly impossible task. As for the other stuff, its a laundry list of smaller jobs that might not be big enough for a general contractor to do, but just takes forever to schedule everyone, follow up on the work, then follow up on all the inevitable screw ups. + +Do I need a general contractor, a property management company, a personal assistant... etc? I really want a relatively hands off situation, where I am not spending all my days dealing with this shit. Unfortunately, everyone seems to do sub par work (trust me, my standards are not high at all), and after going back and forth with them for months on end, it doesn't seem like hiring them saves me any time over just doing the project myself. + +Mods can remove this if it isn't felt to be relevant to fatFIRE. I posted it here because the recs I get on the normal home improvement subs haven't been that helpful. I am happy to throw money at this problem if it results in higher quality work for my house and/or less stress for me. I just want to be able to enjoy my time off, and that hasn't happened for a long time. +I am just 20 years old and its almost 12 am here and it just hit me right now. My father worked 2 jobs from 5 am to 10pm 6 days a week and mom did all the house chores and had a full time job as well. When I was a kid I never appreciated it. In fact, I felt I was very unlucky compared to other kids whereas my parents worked their ass off to make payments and pay for my fees. I never really understood their struggle as they used to always hide it. I never probed because we as a family didn't have much communication. + +What I wanted to say is that kids might never appreciate what you do. In fact, I once told my parents I was ashamed of our situation. Now that I think about it, I feel like crying because it must have hurt them a lot hearing that from me. I still cannot thank them for everything they have done and I don't know when I will be able to tell them but, to all the parents out there, your kids will not understand the struggles you are facing. It will only hit them like it hit me literally right now. And, some may even not tell their parents how much they appreciate it just like me. I hope I can get the courage to tell my parents soon but yeah you guys hand on. One day it will hit your kids and they will appreciate all the hard work you are doing. + +I hope this post reaches to all the parents out there. Thanks a lot for taking care of uptight kids like me. You guys are the best. +I'm a 2nd year undergrad student at economics, and despite knowing a bit about the terminology and the history, the wikipedia page (that usually helps) couldn't really help me understand the basics of the DSGE Model, and its implications for policies and macroeconomic research. This is despite being a bit familiar with the critique of Lucas. Do you have any recommendations for me to better understand the DSGE Model? +It seems to me that the field of economics is full of differences of opinion and different schools of thought. It's almost like there are as many opinions as there are economists. Is there anything, then, that pretty much all economists of all ideological strains *do* agree on? +It seems an implicit assumption in routine discussions about the economy that it will continue to grow ad infinitum. But can it sustain itself indefinitely if the economy never grows, in some hypothetical world with static popular and static demand? To what extent do western economies today depend on a growing economy to meet their fiscal obligations? +There seems to be an argument that the right and Trump supporters are driving into the ground. I see it on TikTok and Facebook that they “don’t want to hear the left complain when we have to pay $10 for a gallon of milk or five dollars for gas, etc”. + +I don’t know a lot about economics or the economy or how businesses and corporations work so I’m reaching out to you guys to get some insight and hopefully some articles if you guys have any to share. + +So we all know that Joe Biden‘s tax plan plans to raise taxes on those who make over $400,000 a year. I mostly see Republicans, the right, and Trumpers saying that because these businesses that make over $400,000 a year are going to be taxed more, they are going to pass the cost onto the consumers by increasing prices; such as groceries, gas, rent, or pretty much anything you would buy to support yourself they’re saying is the price is going to go up. + +Is there any truth to this and do you guys have any websites or articles that support this or explain this? + +Like I said I don’t know how economics work but in my mind things are already expensive now, prices go up every year anyway without peoples pay being increased, we’re still expected to buy things and support ourselves, but my thing is if businesses start to raise prices to the point where we cannot afford them then they don’t make any money so is there any truth to this? +Hey, everyone. I just thought of investing in small cases. On the website, it states that for an investment of more than 4k I will be charged ₹118 as a fee(₹100 + 18% of ₹100 as GST). But it is prompting me to pay 3% of the total value of the case I am buying as a fee. + +This is what I am trying to buy. [https://media.discordapp.net/attachments/753408275558695072/934307393179881472/Screenshot\_2022-01-22\_100928.png](https://media.discordapp.net/attachments/753408275558695072/934307393179881472/Screenshot_2022-01-22_100928.png) + +This is the amount it is asking me to pay, [https://media.discordapp.net/attachments/753408275558695072/934307472108306553/unknown.png](https://media.discordapp.net/attachments/753408275558695072/934307472108306553/unknown.png) + +Any help or clarification will be appreciated. + +&#x200B; + +Edit: So what I learned from this thread is that Small case is overhyped. + +Edit: I was trying to buy when the market was closed, so it was asking for extra funds just to make sure it has enough funds to process the transaction when the market opens. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Great things will happen to you. Not because you’ve earned it. It’s not because you’ve suffered or because you’ve been a good person. I’m not talking about Karma, that’s a different energy. + +Great things will happen to you because you BELIEVE that they can happen. This is the key. + +This is your manifest destiny, and it WILL happen. + +The universe doesn’t care if you deserve it or not. It’s not keeping score, saving your turn. There isn’t a point system to life. I think Karma is a wonderful concept, but it means nothing unless you believe that you deserve great things – happiness, love, fulfillment, and, yes, even great wealth. + +We have many ANTS (automatic negative thoughts) that we need to overcome and crush daily. Think of your mind as a computer program, and for years now, it’s been running this background program that keeps telling you that great things don’t happen to you. So, you ride that wave. You vibe on that feeling day in and day out, and you become that. Well, fuck that. + +Change your program. Reprogram your automatic thoughts. Make them positive. Go find a mirror. Look at yourself and say, “You beautiful bastard. You deserve great things. You do. When GME moons, I’m going to take great care of you. I’m going to care for your mental and physical health. I’m going to develop positive habits. I will exercise and eat well. I’m going to live a long, long life, wading in the tides of an endless summer. I will be happy, kind, and free, and I will spread kindness wherever I go. Because I deserve it. I believe that I deserve great things.” + +That’s your vibe! Build that dream in your mind, let your subconscious understand that this is who you are. Einstein talked about this. He likened it to how ENERGY works, permeating, interacting with similar energies. Look at it in whatever way that makes you comfortable, but the point is, you will attract the things you believe you deserve. It’s energy. Choose yours wisely. + +So what do you do? As far as I’m concerned, you have 3 jobs. +1) Buy +2) Hodl +3) Hodl some more + +Do you sell at 1,000? No. +10,000? No, what the fuck. No. +100,000? No, and you know why? Because you’re retarded. +1,000,000? Fuck no. You know why? Because you’re downright autistic. You’re a shit-slinging ape. + +So, when do you sell? Simple. You ride the MOASS, let it peak, and you sell on the way down. Don’t overthink it. It’s simple. In order to get there, you need to hodl. Then you need to hodl some more, then you need to calm down and hodl a little more. + +Say it with me: I deserve great things. Say it throughout the day. Say it while you’re eating crayons. Say it while you’re washing your wife’s boyfriend’s scooter. Say it while you’re playing Mario Kart. Say it while you’re weed whacking (masturbating while high on pot). Say it all the time. + +Remember, apes, this is your manifest destiny. You deserve great things. Believe it. + +Hodl and love, +A fellow ape. + +IMPORTANT EDIT: A few apes have pointed out that we don't need to wait for the MOASS to start taking care of ourselves. That's very true, and thanks for pointing that out! Start today and the MOASS will seem all the more possible. + +The whole intention behind my post is to prepare you for life-changing money. The only way to do that is to program yourself into ACCEPTING IT and BELIEVING that you deserve it. "I deserve this money. Great things can and will happen in my life." Say it ALOUD and say it often. Before you know it, it'll become part of your background programming. Very soon, you'll believe it. Make it your mantra. Say it over and over again. +Hey everyone! + + +First let me give you some background. I live in Mexico, I'm a scientist (Biotech), but science is the least priority in Mexico, never the less I'm one of the lucky ones in Mexico, because only 10% of the population in Mexico makes more than $440 usd a month ($10,000 pesos), and I'm currently making around $500 usd a month. + +You might think, $500 a month and you are part of the top 10%?, yup, that's life in Mexico. +I already spent 6 years in college, I'm totally willing to spend another 10 years learning a new skill if that means at least making more that $500 usd a month. + +I've been studying technical analysis for the past year, and I've been trading on a paper account for at least 6 months, but I'm nowhere near profitable. + +Yes, I'm setting a stop loss, yes I'm only taking at least 1:3 risk reward trades, yes I'm only risking 2% per trade, but I'm still loosing money. + +Is it possible to make a decent living trading Forex? +I know one year of experience is nothing, I didn't learn to play the guitar in a single year, but I wonder if I'm better spending my next 10 years in another skill like marketing, or something else. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Over a thousand reduced prices, filtering out 55+ and pending, in Fort Lauderdale alone. Is south Florida about to crash? Or has it already started? + +https://imgur.com/a/nIHyGEw +I’m seriously thinking about doing this. My SFH rental has ~100k in equity so wanted to do my due diligence about it. + +Edit: thank you all!!! I learnt a lot!!!! So invaluable! +[Link](https://www.forbes.com/sites/jeffkauflin/2018/12/13/in-a-bold-asset-grab-robinhood-offers-3-interest-on-checking-and-savings-accounts/#b1c0b46341a4) +[Amazon deals yet another huge blow to Blue Apron](https://finance.yahoo.com/news/amazon-deals-yet-another-huge-123700083.html) + +Yet another example of Amazon simply broaching an idea and the market (over?)reacting. + +Blue Apron is also down after receiving a $2.00 PT from the first WS firm to release a target. +Something that's brought me a good deal of success is to skate where the puck is not going. I'm a contrarian by nature, and a big Peter Thiel fan. + +I've noticed that the act of entrepreneurship itself has become vogue. Everyone's an 'entrepreneur' and people are participating in a sort of cargo cult by repeating the actions they see successful people taking: raising money, having an office, doing talks, etc. Most of them fail, of course. + +The fact that entrepreneurship is now stylish turns me off from it. That means we probably have way too many businesses being started, way too much competition for talent and capital, and frankly too many copy-cat ideas. + +What is the contrarian approach to entrepreneurship itself (rather than any one business model)? Ideas floating around in my mind: + +\- If there are too many businesses and too few talent, just focus on your career. (Which I am, currently, to great success.) + +\- Rather than start a business, invest in one that's starting. That of course requires high quality deal flow, which is hard to get where I live. + +\- Rather than start a business, just invest generally -- stock market, real estate, crypto, etc. I'm already doing this. +I read they extended the Eviction Moratorium in Los Angeles until August of 2023. + +I have no properties in the state (thank God), but I keep read about Mom and Pop landlords who are nearly going broke from paying multiple mortgages. Some have had no rental income on certain properties for over two years. + +I really have no idea how these people are surviving. It's a such a broken system, because there are A LOT of fraudsters who are milking this and living for free, while a Mom and Pop landlord could end going broke and on the street with their entire family. + +I'm honestly surprised that an army of Mom and Pop landlords have not united to file a class action lawsuit in that city. +I just finished reading the book [Lifecycle Investing](http://www.lifecycleinvesting.net/) and I’m ready to put this into practice. The book makes a very good case that using leverage early in your career improves retirement performance as otherwise people have most of their lifetime savings concentrated in the last 5-10 years of their career. + +It seems very applicable to my situation. I’m 28 and recently hit a net worth of $1m. My job (big tech company) pays me \~$500k/yr and I feel pretty confident that even in adverse situations (layoffs, etc.) I could earn a floor of $200k/yr (doing freelance contracting). This seems like exactly the situation that would call for a leveraged investment strategy, especially with interest rates at historical lows. + +My plan would be to take a 2:1 leveraged position through futures. In particular, I would buy S&P 500 futures contracts (ES and MES) representing 2x my account value—based on 1.78% dividend yields it seems these have an implied interest rate of \~1.15%. In practice, the margin requirement for futures positions is much lower than 50% so the risk of catastrophically destroying my account is minimal—in fact, I might take part of my taxable account and invest it in high-yield savings accounts to earn additional return. I would rebalance monthly. + +This strategy would be implemented in my taxable account (\~$500k) and my Roth IRA (\~$100k). Even if both accounts went to zero, I’m confident I could recover financially and my 401k ($300k) would still have a “normal” retirement covered. + +Are there major issues with this plan / have others followed it before? +My cash on cash is around 15%, I am also building my portfolio by flipping houses with a profit per house of 30-100k. I want to retire but I don't know if I should trust a property manager to keep doing things the way I do. I'm used to doing things by myself. I don't know what to do at this point. I'm attracted to bigger deals that make more money ljke mobile homes but since I also wanna retire I am thinking about NNN properties.. +Correct my math but if I buy properties for around 100k, 20% down and some renovation, a house costs me around 35k. I use the 1% rule and after 40% expenses I get home with around 4500 a year. If my goal is 100k I would need 22 houses. I would like to know if it would be faster to flip (faster profit as I don't rent it out but less time to gain appreciacion) or rent longterm and keep refinancing. +Let me know how wrong I am (lol) or foolish. Thanks + +I’m a very small time re investor. Right now i have one property netting $1200/month and that one is a good situation so I’m keeping it for now. I’m about to close on another property that will net me $130,000. + +I know to some of you that’s not a lot of money but for me it is! So I’m trying to decide what to do next. + +I’m interested in continuing to invest in real estate but I don’t want to be a landlord anymore. I had multiple rentals before and Airbnb’s and I’m just not good at it. I find I’m just too emotionally invested in it. + +But i do like the passive income. So I’m looking at options. + +So i could buy another property in cash and have a property manager. + +I could probably get financing and use that money as a down payment on a few properties and have a property manager. + +I have looked into some of those crowdsource real estate investments sites. I understand you pay more in fees but that may be worth it to me if it’s hands off. + +I think I’d really like to get into commercial property also but i don’t know that i could qualify for financing. + +I don’t have any mortgages now so my dti is good. + +I could potentially use that other property as collateral as well. + +Anyway I welcome any and all advice. + +Where I am the market is hot, but it isn’t crazy like I hear about in some areas. Things are moving quickly but not above asking price. But I’m also considering just waiting for a minute to see if it chills out. I read so many mixed ideas about it. + +I’m fairly young but the bot deleted my post when i said my age so I’ll say i can draw social security in the year 2058. I’m also a single mom to small kids and work full time which is part of why i just don’t have the time and energy for the landlord thing anymore. And i need to maintain some degree of liquidity and can’t take as much risk or move around a lot like i could if it was just me. That’s what i started with was owner occupying a multi family fixer upper but now i have to maintain stability and need more space. + +Anyway, thanks for your input! +I sold out my remaining crypto last night. Still feels surreal to me. Started buying Ethereum at just above $2 in early 2016 after missing the boat on Bitcoin. I put my whole tax return in in 2016 and threw a couple hundred at it whenever I could. I didn't buy a car and biked to work to save money. I remember at the time thinking there was about a 1/3 chance it would 100x, so there was an asymmetrical risk/reward in my opinion. + +Sold a large chunk during the previous bull run in 2017, and sold the remaining in multiple sales this January. Averaged about a 150x on my cost basis across all sales. All long-term capital gains. Now I'm 27 and financially independent. Will be buying my parents a house this year. + +I love this community and hope both the technology and price continues to improve. Thanks to everyone for making this a fun ride! +Reference price: **$60,997.38** + +[Data will be sourced from CoinGecko](https://www.coingecko.com/en/coins/bitcoin) + +**FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart** + +Winning results will be based on the price **at 12 pm PDT on November 1st.** Results of the prediction will be revealed **between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date.** + +[View Poll](https://www.reddit.com/poll/qedatm) +My brother has tasked me with finding a decent whisky company to invest in new pour casks as a long term investment. + +I have no idea where to even begin, can anyone recommend a reputable company? I know there are loads of dodgy ones and don't want to get stung. + +If anyone could even point me in the right direction to do some research that would be hugely appreciated. +Just curiously, all the PF books and informaiton out there seems to be geared toward middle class and upper middle class people. Is there anything out there that is geared toward actually helping someone who is poor and in a broken home (no support) to become stable? + +It would cover the same principals but use examples more relvant to poor people, for instance "assume you have $500 to put down on a car, a decent job, but no support if your car breaks down... Should you buy use or new?" I figure the bulk of the lessons would be about PF in the light of risk management. +This is something I’ve been thinking about a lot recently. I have a good salary and still some potential career progression possible but it feels like whatever I do, I won’t ever have the chance of being particularly wealthy. I save a good amount each month in a S&S Isa but I don’t see that ever really having a huge impact at least until I retire. + +Is the only way to become wealthy to start a successful business or get lucky with a risky investment? + +I know this could be read as ‘how do I get rich?’ which is a dumb question but I guess I’m really asking is, what strategies are available to people without loads of existing assets to build substantial wealth? I see large numbers of older generations with huge houses etc and wonder if it’s even possible for most of my generation to achieve that. +My fianceé and I both got new jobs. We’re 20 and 22 and it’s our first salary positions- we’re used to making a lot less, and comfortable with that quality of living. As soon as our paychecks start rolling in I know it will be really easy to get used to making our joint salaries, and spending it as well- but we plan on having kids in two years, and I’ll stay at home to raise the kids- so we’ll be down one salary and up in living expenses (cuz babies aren’t cheap 😂) + +He’s a sweet man, who idolizes his father who’s been successful financially- and his father didn’t hire a financial advisor, so why should we? + +I have experience in life and health insurance and was studying securities for a time and so financial advising is something I’ve always wanted. I want an expert to help us make smart decisions with our money because I’m very aware of how much one year of our joint income at this young age can turn into by the time we retire. I think if we played our cards correctly these next few years we could set ourselves for life- but I don’t know how to do that. + +How do I get started with looking for a financial advisor that won’t take advantage of two young inexperienced adults, and how do I talk to my fiancée about this? +Anyone else checking how old some of the accounts that are posting on this sub are? I keep seeing these posts from 1 month old accounts with little post history pumping up a stock like they know everything. Obviously an alternate account of someone on this sub trying to trick unsuspecting noobs into buying and bagholding. Scummy if you ask me. + +Also, I posted an innocent question about how to do DD debt (specifically mentioning $GSAT and their 300M debt) and got down voted. Clearly somebody thought I was being bearish on their stock and tried to silence me. + +When I sort through New it feels like I am scrolling through a website with pop up scam ads, except instead of "*Meet hot singles in your area*" its "BYFC $50 Price 🚀🚀🚀." + +Then there are all the bagholders who keep posting outside megathreads with the same questions: "I bought at the high, am I screwed?", "What's your PT, I have done no DD and don't know when to sell" "Why is (xx) dropping? Will it go up?" + +The constant spam posts of a stock I don't always have a problem with as they add hype; but when I am trying to look for honest analysis under 'New' it feels like I am playing a game of Where's Waldo? And Waldo can't be found under the constant 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Lastly, a lot of DD and Catalyst flared posts contain nothing. Just "(xx) iS mOvIng BIG evEryOne get iN (DD)" + +Anyways I don't care if you agree or disagree and you can post whatever you want I am just sharing my sentiment. Don't wanna see this turn into Stocktwits + +EDIT: Even as people are posting, someone is going through and DOWNVOTING all your comments LOL +I see this comment in almost every thread as if it's some kind of authority + +Either you're lying, or you're a really bad investor. Former or latter, everyone should ignore whatever comes after it + +BTC has gone up over 8000% in the last five years + +ETH has gone up almost 30,000% in the last five years + +If you were heavy into crypto and had half decent advice to offer, you would be in a tropical paradise and way too busy with coke and hookers to come to this cesspool of moon farming +TL;DR: A bank ban for trading Bitcoin has resulted in a system offered by Equifax to prevent me from holding an account with non banking related industries, such as a Gas Electricity Provider. + +----------------------- + +A few weeks ago, I posted a thread here showing a live update on my quest to open a bank account for my Bitcoin trading business here in Australia (OP: https://redd.it/6fl0i3). + +While pretty much all of these application requests were denied, one bank did respond with an application form (Albeit, the email felt a bit generic - but figured I'd give it a try none the less) + +I submitted my application and everything was going great.. Until I was informed that I had failed their ID verification process and to submit it again. It was an online form I had to fill out and I thought it was strange that it didnt request my ID information, just Name, DOB, address and phone number. I thought it may have been a glitch, so submitted the form again. Still no request for ID. + +Two days later, I received a phone call from this bank, stating that my ID verification had been denied, as my details had been "red flagged" for fraudulent behaviour, and I would have to get this fixed up before submitting again. I was told to contact "Equifax" to get the issue resolved and that was that. + +I Immediately contacted equifax (the recent purchaser of VEDA), and asked if I could speak to someone regarding a "rejected ID verification". After bouncing through a few people, it came apparent that no one had any idea as to what I was talking about, and that they only dealt with Credit Reports. + +So I ordered my credit report (for me personally and my business) to see if there was anything on there to be concerned about. Nothing. Just some old credit card applications from 2013, and a car loan. No "Red Flag", No "Suspicions activity reports". Nothing. + +By this point I thought maybe the bank was trying to shift the blame, so they could avoid the conversation of telling me they couldnt offer me a bank account because of my business nature. But before I made the phone call to them, I figured, a quick google search wouldnt help. + +Sure enough, Equifax DOES have an ID verification system called IDMatrix - and as spotted, the bank I was dealing with was one of their clients, and a bank I had been BANNED from in the past was also a client. + +Now that I had a name to the face, I called Equifax bank, and requested to speak to someone from IDMatrix, regarding some verification issues. The closest I got was speaking to someone from their sales team, who put me through to the credit report department, who put me through to "customer service", who put me back through to the IDMatrix sales department, who were then closed. + +Getting no luck with the phone calls, I decided to draft up an email to IDMatrix, and sent another email to the bank, requesting they provide proof of this ID rejection, so I could send it onto IDMatrix, in case they try to stone wall me with "We have no idea what youre talking about" answers again. + +When I was going through the IDMatrix website earlier, I noticed that they provided their services to non financial businesses as well (Such as a large Electricity and Gas Provider here in Australia). Out of curiosity, I started the application process to apply for a new electricity connection to my house, to see if the result would be any different to what the bank got. A few tick boxes later, and sure enough, I was not eligible for an electricity connection with them! + +I was shocked. Dealing with bank bans was one thing, but dealing with the rejection from a basic household utilities company was another. What significance does my business activity have to a utilities provider? I'm sure they have no issue with providing electricity to hydroponic set ups, or a gas connection to a meth lab? At least ive never heard of electricity or gas being cut for that reason. I would assume they couldnt give two stuffs what they do in their spare time. But a Bitcoin Trader? Thats some risky business. (Yes I am aware this isnt the Utilities company's fault - rather IDMatrix's, just using the hypothetical for comparison). + +To wrap this up, I have emailed my solicitor to get advice on the matter, and I'm not "banking" on much to receive any response from the bank in question or Equifax. But thanks for the vent reddit. Appreciate it. +If you invested 100$ into ripple at the beginning of 2017 you would now have about 35,000$. Of course we all want in on something like this, so what is your opinion on what will be the next ripple? +I have been thinking a lot about inflation lately. I think we all look at it way too simply. + +The typical view of inflation is like some magic number. We simply assume: inflation goes up 2-3% per year, so costs go up 2-3% per year. This is mainly based on the Fed; the Fed targets 2% inflation per year and manipulates interest rates to achieve it. + +But it's not nearly as simple as that. Inflation is dramatically different in different categories. Really, 'inflation' is no one thing, but is based on a formula called CPI, that weighs a bunch of different cost categories together, tracks their inflation separately, and produces a weighed average number which we call total inflation (by CPI). + + +When you break it down...[here's a full chart by category](http://ritholtz.com/wp-content/uploads/2018/02/pricechanges.png). Inflation looks like *this*, and averages to around 2% per year. + +Assuming the "overall" number is roughly 2%/year... Healthcare and childcare have skyrocketed way faster than "2% inflation", and housing has slightly beat it. However, housing is highly localized, and I'd argue that housing *has* skyrocketed past inflation in in-demand markets and simply lost value in low-demand markets enough to drag down the average. + + But we had 2% inflation because cars, household furnishings, and clothing had *zero* inflation, and technology has had *negative* inflation, driving down the statistics. + +[Planet Money/NPR did a good podcast episode on the String Quartet Theory](https://www.npr.org/2019/09/03/757257796/how-a-string-quartet-explains-healthcare-costs) of inflation, which is basically that since increasing productivity increases supply, inflation will be naturally much higher in an industry where efficiency/productivity increases are not logically possible at high rates. For example, the cost of a String Quartet has increased much more than 2% a year. Why? Well, a violin player can't play more than one violin at once. By this theory, it's perfectly logical that Education, Healthcare, and Housing go up faster than "inflation". Teachers can't teach more students at the same time, Doctors can't see more patients at once, and you can't create more land (and zoning laws constrict building vertically). + +Inflation being "2%" is a composite average. If tech has negative inflation (gets cheaper every year), food has 0% inflation (efficiency increases counteract wage increases), and housing/healthcare/education have 4-6% inflation, (making up simple numbers) the fed is technically hitting the 2% average. + +By this logic...we might expect these items to inflate in price...at *higher* than inflation...indefinitely for the forseeable future. While things like food might underperform inflation indefinitely. And this is perfectly fine and consistent with "2% annual inflation". + +----------- + + +How does this apply to FIRE? + +A couple ways. + + +For one, I think that it adds weight to the argument towards buying a house. A lot of people do rent vs buy analysis' and in many regions (especially HCOL areas) have terrible cost/benefit analysis (landlords make extremely small returns in those areas, as well), and owning also hurts your opportunity costs. But...the inflation protection is huge. It's a cost people don't account for. If we can expect housing costs to grow at faster-than-inflation indefinitely- *or even at inflation*- there's a great argument towards homeownership. + + +Look at it this way; if you retire early, and own a house...you're exempt from most of the inflation categories. [Look at the chart again.](http://ritholtz.com/wp-content/uploads/2018/02/pricechanges.png) You're not going to go to college again, so you can throw that part out. If you have kids, you have time to not hire a sitter. And your cost of housing is *locked*; even if you still have a loan, the 30-year mortgage won't grow in cost. In ten years you're still paying the same for principal and interest. The *2% inflation* figure is an average of all of those categories, but *several of them don't apply to you now...* + + +Which means that for someone who is FIRE *and owns a house*...the only thing that actually inflates is healthcare and food. We always assume the current 2% inflation trend continues; what if we assume *the sub-trends* continue too? Food and beverage inflate at 2% per year. Cars inflate at 0% per year. Almost *everything else you buy* has negative inflation. *Excepting healthcare*, your *personal* rate of inflation would actually be *negative*; everything you buy *except food* would get cheaper every year, and food would only be at 2%. Of course, healthcare eventually becomes a big expense. But the reality is that since you don't experience many of the things factored into the CPI (education, childcare, housing)... + +Your cost of living would almost certainly rise by *less* than 2% annually, if you own your house. That means that if you are following the Trinity study- raising your estimated spending by 2% per year- you might actually be conservative. Your expenses will probably grow by *less* than 2% per year. + + +But if you rent, you'll probably be experiencing inflation closer to 2%. + + + +**tl;dr:** Everything inflates at different rates, 2% inflation is an average. A person who is FIRE and owns a house actually skips *most* of the product categories that inflate faster than 2%, so 2% inflation might actually be quite conservative; we might see our money going further and further each year, if we own a house. +**[Article](https://www.creditkarma.com/insights/i/fomo-spending-affects-one-in-four-millennials/#editorialnote).** + + +**Methodology:** + ++ Online survey of 1,045 U.S. consumers between the ages of 18 and 34 during February and March 2018. + ++ Avg Debt Calculation = Total debt across U.S. 18-34 y.o. members of Credit Karma (CK) for March 2018 divided by total number of U.S. millennial CK members for the same month. + + +**Summary:** + + +*Key Findings:* + ++ 39% of respondents spent money they didn’t have to keep up with their friends. + ++ 73% of those who went into debt to keep up with their friends typically keep it a secret from their friends. + ++ 27% of respondents don’t feel comfortable saying “no” when one of their friends suggests an activity they can’t afford. + ++ Two-thirds of respondents feel buyer’s remorse after spending more than they had planned to on a social situation that they later regret. + ++ 36% of respondents doubt they can keep up with their friends for another year without going into debt. + + +* How much do millennials spend?* +**Amount spent over the weekend**|** % of respondents** +:--|:-- +$100 or less|69% +$101-$250|15% +$251-$500|16% +Over $500|7% + +*Does not take into account COL differences.* + + +**Discussion:** Inherent issues with sample collection; otherwise interesting article to begin a discussion on life style creep and modern take on the adage *“Keeping up with the Jones”* + +As the title states my brother has left behind a 2 year old & a baby due next month. My other brothers, parents & I are planning on putting money away each month (£150 a month ish) to save for his two daughters, so they can get a car at 17years old and to help towards a house deposit when the time comes. How is this money best saved to give his daughters the biggest boost? + +Any advice is hugely appreciated. + +Edit: Thank you so much for all the kind messages, awards and offers of advice. I’m overwhelmed by everyone’s help on this. Thank you again! +I think many of you would consider Ethereum Classic a terrible investment, considering (1) it was the result of a hack, and (2) the hacker still has their bags of ETC available, which they periodically dump on unsuspecting investors. Bitcoin Cash doesn't have such a problematic origin, but might also be considered an unwise purchase given the lack of usage and development compared to BTC and other good projects. + +So, when I open the charts and see that specifically BCH and ETC have been pumping hard for the last couple of days, my only conclusion is that new retail investment money has arrived and these noobs are dropping cash on 'cheaper' projects with the name Bitcoin and Ethereum in it. I should know, I did this exact thing myself earlier this year! + +Here's hoping this signals the start of a another massive pump too. + +Edit: spelling +The first time Bitcoin and Ethereum reach ATH at the same time in a long time. + +Congratulation to all BTC and ETH holders who have held it through consolidation of long and hurtful month. It sucks when you see other coins pumping and BTC and ETH stays where it is but nothing hurts more than selling the coins you believe in to chase the coins that are pumping just to missed the pump of the coins you believe in. (been there done that) + +Lets celebrate today and hope BTC and ETH can find footing above previous ATH. To infinity and beyond!! +Today was my last day of work. It feels surreal to say it. + +The backstory: 39, married, 1 kid, $2.3M NW, zero debt. Yet another tech guy. I've always been a pretty good saver, but I didn't know much about investing and was keeping most of it in cash. I discovered Mr. Money Mustache in 2015, and it was the wakeup call I needed. Once I understood the principles of FIRE, it seemed so obvious I couldn't believe I hadn't figured it out for myself. I put the pedal to the metal and focused on cutting out unnecessary expenses, paying down debt and building up a taxable brokerage account. Through sheer luck, I picked a good time to do it. The markets have been very kind to investors these last few years. + +I've been working for 15 years, full-time for 12 of those. In the last few years of my career, I cut back to part-time, and I recommend it to everyone. It's a far more civilized way to work: less stress, more free time, the ability to run errands on weekdays while my kid was in school and the stores aren't busy. It was like a test run for FIRE. + +I'm planning on a WR around 2.5%. I lean pessimistic about future investment returns. The stock market is really expensive, verging on overpriced, and I expect climate change and population decline to take a bite out of economic growth in the next few decades. If I'm wrong about that and growth continues on the historical trajectory (or even accelerates!), I'll be rich later in life, which is fine with me. + +This is a higher NW than I expected to retire with. My original plan was to quit in 2020, until COVID threw a wrench in that plan. While the world was in lockdown and no one could travel or have fun, I figured there was no harm in working OMY and throwing some more cash into my accounts while the markets were down. The post-COVID snapback was a lot more vigorous than I expected. + +Oh, and the markets gave me a nice little bump today. That was a pretty neat farewell present! + +I don't have any ambitious plans for the near future. My wife is working a little longer (she'll probably retire in 2022), and we're tied to my kid's school schedule. I've heard that most early retirees need a few months to decompress, and I want to give myself that time. + +I'm planning on reading lots of books, working on my garden, establishing a regular exercise routine, fancier home cooking, and doing chores and projects around the house I've been putting off for years. I'm staying local for now, but planning a lot of travel as the vaccine rolls out and more countries open up. I want to see as many U.S. national parks and UNESCO World Heritage sites as I can. + +Happy to answer questions! Or you can just tell me to GFY, that's fine too. +Translated from Italian Using Google translate (Italian Apes, feel free to correct) + +Original article: [https://www.money.it/Dubbio-ritorno-Gamestop-Fed-short](https://www.money.it/Dubbio-ritorno-Gamestop-Fed-short) + +&#x200B; + +**The Question behind GameStop's return: is the Fed "instigating" a short squeeze?** + +Mauro Bottarelli + +26/05/2021 + +05/26/2021 - 09:25 + +*Another record for the reverse repo: the system is bursting with liquidity and the endgame for Quantitative easing is approaching. At the same time, the media returns to recommending purchases of meme stocks and their valuations explode. Just like in February. And the short interest on Standard & Poor's also rises to the maximum of the year. Does anyone think of an "alternative" form of using excess cash, by forcibly hedging short positions?* + +&#x200B; + +https://preview.redd.it/faznilhr4z171.png?width=680&format=png&auto=webp&s=8c200703e5c02dd9d757ccdad4d09df7a448c450 + +If the reverse repo facility (RRP) has literally exploded with liquidity for days, a symptom that Quantitative easing is dangerously approaching the endgame phase, **how can you buffer the situation without having to accelerate dealing with the facts - and not just words - that taper** that such a deposit trend seems unequivocally to claim? Perhaps, **creating the conditions for another wave of short squeezes similar to that of last February,** capable on the one hand of engaging liquidity on the market for forced hedging of bearish positions and on the other of bringing the retail investor, **burned by sharp declines, closer together. Recoiled but still loaded with stimmy money from the federal program** which will expire at the end of September. + +The question arises, connecting the dots of what happened on the market yesterday, almost as if the underground and apparently disconnected moves of the subjects in the game were dots of the mysterious Week. Starting from the reverse repo of the New York Fed and from this graph: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/96a76kt25z171.png?width=500&format=png&auto=webp&s=0af60ccb51fff8a3b88ef42bd7fc32544fba4ce0) + +**433 billion in use, 38 more than the day before, 190 billion more in a week and third highest level ever.** In short, the Fed continues to flood the liquidity market with its purchases of securities on the secondary market for 80 billion per month (plus 40 of Mortgage Backed Securities) but this is beginning to no longer know where to store that cash. **And then he brings it back to the Fed, obtaining as collateral the same Treasuries that the Central Bank drains into the Quantitive Easing.** + +A round match. Which, however, is now about to reach its maximum boiling point. The pressure cooker called RRP is whistling ominously. Stronger and stronger. Longer and longer. **Because soon, the collateral will end and with it the possibility of monetizing the debt.** And although, in view of the board of 15-16 June, at least two members of the Fed a day take turns having their say on the taper, **everyone knows that pulling the plug in a really drastic way seems impossible.** A trick is needed. A controlled accident. Or, better yet, a beautiful media event. And here, while 48 counterparties deposited liquidity at the Fed, **two names ended by the wayside were back on Wall Street: GameStop and AMC Entertaiment,** the spearheads of the so-called meme stocks, in the mood for redemption with - respectively - a +29 % and + 16%. + +Became a global topic of discussion in February, **when their short squeezes hikes monopolized the headlines and blew up Melvin Capital,** a heavily exposed short and caught hedge fund with totally off guard, suddenly they seem come back in vogue. Like certain sneakers. **Change of management? Merger or Acquisition Announcements? Partnership with Tesla for tourism on Mars?** No, just the fact that they were the first and third most covered topic of the day on WallStreetBets, as the graph shows. + +&#x200B; + +[Source: Swaggy](https://preview.redd.it/sicnmsyc5z171.png?width=500&format=png&auto=webp&s=0a4f6e7b98c54bd893796d9a7ced933ee17904b8) + +And, consequently, to have then monopolized Twitter and Stocktwits by default. And even in this case, no news relating to the accounts or the business plan guaranteed content to the conversation: **someone threw the stone and everyone followed suit.** + +Starting from a very classic theme: AMC's short interest had just returned to all-time highs. **Air of short squeeze, in short.** As irresistible as the scent of croissants in the morning. All said and done, the tweets have turned into facts. That is, purchases. **At 2.35pm yesterday afternoon (New York time) they had changed hands some 123 million AMC stocks,** becoming the second most traded among those valued above $ 1. Retail trading on GameStop is also less aggressive but still very active, with 8 million shares traded, more than double what happened in the last 10 sessions. The reason? The short interest of the video game chain is still unappetizing for a frontal attack strategy, as the graph shows. + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/ocf2zdun5z171.png?width=500&format=png&auto=webp&s=5f42307401a22213c2a7348f8c968eea3d9263bd) + +On the other hand, this other image: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/qnlnje0s5z171.png?width=500&format=png&auto=webp&s=20c8162a5670f6b25bf7edad8aadd5eb297f0689) + +summarizes the day: **the basket of stocks most followed and traded by users of WallStreetBets - with a clear aim of short squeeze - marked the greatest increase since the beginning of April.** Without a reason, in fact. But you know, **anyone can write anonymously and covered by nicknames on those chats.** Perhaps, stirring the spirits of those who want to punish the real banksters of Wall Street, hitting them with their own weapons. Perhaps, by typing those appeals to the revolutionary use of the security account from a computer of a neat desk of some bank or hedge fund that buys trading flows from Robinhood to set up its algorithms\*\*. And who, also being a Primary dealer, is now joining\*\* **forces with the Fed to avoid a repo apocalypse** + +But here's this chart: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/36q16i216z171.png?width=680&format=png&auto=webp&s=fc395d95c2d30d730a456aaa05d1d73b47b26f31) + +shows how in a further and suspicious contemporary, the short interest on the ETF that traces the Standard & Poor's 500 - SPY, a giant worth 357 billion - has risen to the maximum level since the beginning of the year. **About 4.8% of the fund's shares are now on loan pending a collapse in valuations, just as the index fluctuates at an all-time high.** A month and a half ago that percentage was 2% and 1.7% at the beginning of the year. Of course, during 2020 that level had risen several times above 7% but today's timing appears decidedly different. At the time, in fact, the market was suffering from the evolution of the pandemic but benefited from the support of central banks that appeared to force four and indefinite, **today instead we talk more and more frequently and openly about tapering that stimulus.** + +In short, potentially, two bearish pressures are joining forces in their bet against the market, both at the level of meme stocks and the Wall Street benchmark index. So, if it is a short squeeze, **triggered by any gust of optimism (true and presumed) from the Fed or the Treasury or Congress,** some other hedge fund seems destined to join Melvin Capital. **Triggering a period of great tension, with thunderous but controlled declines and an increase in VIX: ideal for burning some liquidity.** Thus avoiding it ends up in the reverse repo facility, which will deflate like the short interest of these days. And in this way it will stop putting further pressure on the decisions - real and concrete - of the Fed. But maybe, it's just fanta-finance. +https://www.bbc.com/news/world-us-canada-46706015 + +I read this one this morning and it brought me a smile. I have an immense amount of respect for what this guy did. + +I love this bit; he clearly practiced stealth wealth as a normal facet of life, spent his days doing good in a role that was important to him, and left the world a better place than he found it. + +"The frugal social worker bought his clothes at Costco, cut coupons and liked to take thrifty road trips for his holidays... Soon after being diagnosed with cancer, he told her that he would donate everything he had to charity upon his death."People will be surprised at the amount," she recalls him saying." +Especially for those of you who was able to quit your day job and become a full time trader? What is your target P/L per day or per week? Obviously you need to make enough to pay bills and your living expenses. But i'm wondering what your target is in order to make that happen. i know how much i currently need to make a day in order to be making the same amount as my day job so in order for me to quit, i need to be able to at LEAST be making that much daily on average. +The wife and I are planning (fingers crossed all goes well) on getting pregnant in about a year. After reading Die With Zero, my biggest takeaway was his point in prioritizing what's most enjoyed in each stage of life and spending more to do it then. + +We are putting together a "pre kids bucket list" of things we'd most enjoy before kids. So far we have - Japan trip, go to 2 F1 races, Caribbean trip with friends, and go to a college football game at Alma mater. + +What else are we missing we should do before kids!? Most thing I found online are, uh, not fat (paint house, finish building deck, etc). We live in nyc if it matters + +Edit: Wow! Did not expect this huge of a response, thank you all! +We've all aped tons of deflationary token forks that pop up on a daily basis. The same thing happens, a 10x pump, then dumps and never recovers. I found this gem luckily before presale and manage to get in, i've been bullish since I found it. + +Source: [Litepaper](https://moonboys.finance/whitepapers/ver-1.pdf) + +**The Mission** + +From the moon, it’s easy to see the big picture. Those who have had the privilege of standing on its surface tell us that looking at our planet is as inspiring as it is humbling. The image of Earth from space is a stark reminder that we are all in this together, and that it is only by working with each other that we can build a bright future for generations to come. + +MoonBoys shares this viewpoint. As cryptocurrency continues to grow in popularity and versatility, it’s evolving into a tool which allows us to approach traditional problems from a new perspective. Using this token as our vantage point, MoonBoys is enacting innovative yet realistic options which will allow us to improve as many lives as possible. While there are several charity tokens based on specific humanitarian issues, MoonBoys is focused on the bigger picture. + +We have a vision of a world where technology becomes the great equalizer, the means to granting prosperity for all. By looking at issues which affect the mind and the body, the young and the old, we are discovering a means to start a movement of altruism and radical empathy. We invite our investors to join us on our journey to building this new reality + +&#x200B; + +**Donations and Charities** + +We have incredible respect for the organizations and institutions who dedicate themselves to helping others. That’s why we are ready to open a community wallet, which can receive contributions from investors and team members alike, and solidify a donation schedule. Authenticity is one of our founding principles, so you can rest assured that charitable donations will always be accurately recorded, publicly posted, and easily accessible for further review. + +**Marketing with Purpose** + +Marketing with Purpose The MoonBoys team is sparing no expense to give a strong start. The initial days following a token’s release can set the stage for the rest of the project, and our marketing team is more than ready for the challenges of launching a new cryptocurrency. + +● Word of mouth / organic growth + +● Partnerships with prominent members of the cryptocommunity + +● Forging relationships with significant leaders in our fields of interest + +MoonBoys is also aware that you have to spend money to make money. Our robust marketing budget allows us to access truly professional content without delay, including but not limited to: + +● Connecting with and contracting serious influencers and famous actors/actresses + +● Videos and commercials with professional cinematography + +● Product placement and advertising with high-profile brands + +● High-quality visual content + +**Moonboys & NFT's** + +MoonBoys has exciting plans for NFTs. + +Short term goals: + +● Mint an extremely exclusive, original MoonBoy NFT card with only 4 copies + +○ 2 produced and sold on the ERC20 network + +○ 2 produced and sold on the BSC network + +Long term goals: + +● Creating a physical MoonBoys coin and minting an NFT of the video footage when we launch it into literal space + +● Developing a game which utilizes our NFTs as a main gameplay mechanic + +**Tokenomics** + +● 1,000,000,000,000,000 total supply + +● 25% burned before launch + +● 30% distributed in presale + +● 25% added for initial PancakeSwap liquidity + +● 20% held in the Dev wallet for “milestone burns" (Dev wallet will be on a multisig with a trusted 3rd party). + +● 10% Tax on each transaction + +● 6% redistributed proportionately to each holder as our “thank you” for being an investor + +● 4% locked as liquidity to alleviate the potential for serious liquidity issues in the future + +**My thoughts** + +The team are experienced, open and honest and they are all ready to push this project to insane heights. Presale was filled (300BNB hardcap) in 37 seconds and the TG has nearly doubled in size since then. DYOR. + +Live on PCS at 6PM UTC 14th April! + +[Telegram](https://t.me/MoonBoysOfficial) + +[Website](https://moonboys.finance) + +Update: + +Incredible growth in 12 hours, nearing 1k members, thats a 5x since presale finished! +Hey Reddit. +I love watching videos from the YouTuber Graham Stephan, and I find that his knowledge in regards to saving money and investment is great and really understandable. However he is American and some of what he speak about is only applicable in America + +Do you guys and gals know of any similar youtuber who is based in Europe or who’s knowledge and advice is more EU focused? + +Thanks in advance!! +So I've been scrolling this forum for about a month or two now, since I started writing puts and a combination of spreads. So far, I've done pretty well, but when I look at how the market has performed over the same time frame, it makes me question how much I can really attribute to skill. I understand that I'm new to this, don't have a great skillset or sample size to accurately assess theta gang strategies, and I'm certainly grateful for turning a profit. But it's just hard for me not to fall into the whole defeatist "don't bother trying to beat the market" mentality. I figured that I would ask the more experienced members of this thread for more information, as I don't know how to assess these strategies in the context of a bull market, and if it's worth the time. +**What is Mystery Mother Token?** + +Mystery Mother is the 5th member of the Mystery Coin Family to be released by the team. All released Mystery Coins form part of an entire ecosystem of coins that interlink with shared tokenomics. The concept is that each coin released on the ecosystem benefits the already existing coins. Mystery Mother will be released at 20:00 UTC on Saturday 17th July @ 20:00 UTC. + +**Check out Mystery Coin on telegram** \- [https://t.me/MysteryCoin](https://t.me/MysteryCoin) + +**Check out their website** \- [https://www.mysterycoin.family](https://www.mysterycoin.family/) + +MYSTERY MOTHER LAUNCHES 17TH JULY 20:00 UTC – DON’T MISS IT! Full details of how the Mystery Mother Fair Launch will work can be found on the link below. Strongly Advise you to read EVERYTHING on the page below BEFORE you purchase. + +[https://www.mysterycoin.family/mystery-mother-Launch.html](https://www.mysterycoin.family/mystery-mother-Launch.html) + +**TOKENOMICS (1,000,000,000,000,000 - Initial Supply)** + +Mother likes to look after the entire family and ensure they constantly have enough capital for even the most challenging of times! Whilst mother ensures all the family stay safe and protected, her priority is always to keep her husband happy! + +Mother uses the funds from the family support fund to purchase tokens from other family members. These tokens are then automatically paired with BNB and used to provide extra liquidity and support. + +**Transaction Tax** + +10% reflection + +6% Auto Liquidity + +5% marketing + +4% Family Support Fund + +100% of tokens have paired to Liquidity & Locked in advance of launch. Lock Proof Below, NO TEAM TOKENS! RUG PROOF! SAFU! + +[https://dxsale.app/app/v2\_9/dxlockview?id=1&add=0x6A8f1CE2B9542698a65b401E0259e4e6344874b8&type=lplock&chain=BSC](https://dxsale.app/app/v2_9/dxlockview?id=1&add=0x6A8f1CE2B9542698a65b401E0259e4e6344874b8&type=lplock&chain=BSC) + +**Contract Address:** *0x79469fb2417df9636781319ff750c9658ee65185* + +(NOTE YOU WILL NOT BE ABLE TO PURCHASE UNTILL AFTER LAUNCH ON 17TH JULY) + +**Is this Safu?** + +The main purpose of the mystery coin platform is to give everyone a safe playground where they can make money. The devs are known to the BSC community from their previous charity coin project – No War Coin and other successful mystery coin launches. + +· **Doxed Devs** + +· **Locked Liquidity** + +· **No Team Tokens** + +· **Ownership renounced after launch.** + +· **No false promises of projects that will never happen!** + +· **Anti-Bot, Anti-Whale, Anti-Rug** + +· **Big Marketing Budget** + +**JOIN THE DISCUSSION!!** + +[https://t.me/MysteryCoin](https://t.me/MysteryCoin) +**As a side note, yes I know I am in a fortunate position. However this is something I can't really talk to family / friends about, and I am self employed so no work colleagues to discuss with either. I've tried speaking to banks / accountants, but all their advice is incredibly self motivated and only answer in a way that would benefit them, so just looking for some thoughts from people without any skin in the game. And no I didn't make this from crypto, investing or any inheritance, I've worked my balls off the last 20 years on my own business** + +Assuming I have the £2.5m invested in the markets (low cost global tracker funds), and I don’t plan on living past 90 / don’t care if I run out of money by then, is there any good reason I should continue to work now if I don’t enjoy it? + +I understand inflation might be an issue, and in 25 years £50k a year might not be anywhere close to what it is now, but, in theory in 25 years my investments should have also grown at least with inflation. I also own my house out right so living costs aren’t too much of a concern. + +Is there anything else I am missing here why I shouldn’t stop working now? I understand there is a risk that maybe the market tanks 50% and takes 10 years to recover, in which time I would have taken a big chunk of my principal out… but I guess worst case scenario I either cut back on withdrawals a for a few years or pick up some work. + +It just seems foolish to continue to work if there’s a high % chance I will never run out of money, and seems like the wise choice would be to stop trading my time for money and instead spend my time doing things that I enjoy like travelling before my health deteriorates more as I continue to get older? + +**What would you do in this situation?** + +*Edit, just want to say thank you for all the comments so far, getting a lot of different views and opinions which is very useful, so thank you for all of them even if I don't reply I read them all! Will come back in a few hours to check out any new comments, unfortunately I haven't quit just yet so have work to be cracking on with.* +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +There was a study from Texas A&M that was highly cited in Superstonk last week upon news of GME moving from the S&P SmallCap 600 to the S&P MidCap 400. I myself wrote a summary of the conclusions of this study on what to expect: [https://www.reddit.com/r/Superstonk/comments/oswfnz/gme\_to\_the\_sp\_midcap\_400\_on\_aug\_4th\_possible/](https://www.reddit.com/r/Superstonk/comments/oswfnz/gme_to_the_sp_midcap_400_on_aug_4th_possible/) + +I and others who cited this study missed something very important! The problem is that this study ([https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.522.7114&rep=rep1&type=pdf](https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.522.7114&rep=rep1&type=pdf)) lumps promotions from the S&P 600 to the S&P 400 TOGETHER with promotions of non-indexed stocks straight into the S&P 400. Therefore, this did not give us a clear picture of what **specifically** to expect for GME moving **FROM S&P 600 TO S&P 400**. + +[from Texas A&M study](https://preview.redd.it/f0ymun3fl6f71.jpg?width=878&format=pjpg&auto=webp&s=35bc6155d889bca54ef2dff09c73a4695b607ea3) + +For GME's specific type of promotion (from **S&P 600 --> S&P 400**), we must turn to a separate study ([https://cdn.ihsmarkit.com/www/pdf/1020/Index-Inclusion-is-More-Impactful-than-Warren-Buffetts-Berkshire-Hathaway-v3.pdf](https://cdn.ihsmarkit.com/www/pdf/1020/Index-Inclusion-is-More-Impactful-than-Warren-Buffetts-Berkshire-Hathaway-v3.pdf)) which I summarize below. + +[\\"larger index\\" here refers to S&P MidCap 400](https://preview.redd.it/cule7agul6f71.jpg?width=512&format=pjpg&auto=webp&s=770f07f21915521f8d6c56689ecb3c3694647e1a) + +Okay, so this is the opposite of what the Texas A&M study was inferring, but also specifically referring to promotion **FROM S&P 600 TO S&P 400**. **What SHOULD we have expected upon the S&P 400 news? A dip! What did we get after the news? A DIP**. Nothing out of the ordinary. The **average dip is 5.5% from the announcement of this type of promotion** ("on date of announcement"); The announcement for GME came AH on 7/27. GME closed at $178.54 on 7/27 and then gapped down on 7/28 and closed at $169.12. A dip of $9.42 or **\~5.3%**. This is about as close as you can get to exactly what we should have expected! This was predictable, we just missed it. + +[middle bar is the one of interest here](https://preview.redd.it/u1igtv1wn6f71.jpg?width=531&format=pjpg&auto=webp&s=4695a95b5b6d248293bcd5d91a967b17730078b5) + +In fact, it would be **so** **rare** to see a price increase when a stock is promoted from S&P 600 --> S&P 400, that out of the \~300 index changes analyzed in this study, **NOT A SINGLE ONE** showed gains. + +[Middle bar shows us how normal a dip after promotion to S&P 400 from S&P 600 is! It would be abnormal to see anything else, in fact!](https://preview.redd.it/atb6b29to6f71.jpg?width=549&format=pjpg&auto=webp&s=f077d85375e3de8889e3fd4bbebd63a83d799da2) + +So have the dips AFTER 7/28 also been due to promotion to S&P 400? As this study finds, that is **unlikely**. The dips since 7/28 have probably been SHFs taking advantage of the downward pressure put on the stock by the promotion to S&P 400 and trying to suppress it for as long as possible (my best guess). In addition, the study found **NO TREND on the date of the fund move (TOMORROW for GME)**, **so do not expect any serious price action tomorrow solely due to S&P 400 promotion**. Lastly, don't expect any additional price action (positive or negative) in the next few months that would be attributed to S&P 400 promotion. + +https://preview.redd.it/kw47qtvqp6f71.jpg?width=535&format=pjpg&auto=webp&s=24966a2f0d4749d35e3a811aa6fd7ba5832d1f71 + +Summary (**TLDR**) + +* We (I included) misinterpreted that highly cited Texas A&M study that said we should see positive price action from the promotion to S&P 400. +* Instead, **promotion from S&P 600 to S&P 400, specifically, leads to a dip, RELIABLY,** based on a more specific study of this type of promotion. Average dip of 5.5% after announcement - GME dip after announcement 5.3%, **spot on!** +* It is unlikely that any price action after 7/28 has anything to do with S&P 400 and it is more likely SHFs taking advantage of the downward pressure due to the move from S&P 600 --> S&P 400. +* We should not expect any further selling nor buying pressure from GME's move into the S&P 400, including tomorrow when that move becomes official. +* This changes nothing other than you should find comfort that the dip on 7/28 was likely due to promotion into S&P 400 and subsequent dips may be due to SHFs taking advantage of the initial downward pressure. +* I love this stock and continue to buy, hold, and buy some more. + +Not financial advice, you all know that. + +&#x200B; + +edit1: typo, thanks u/guerillasouldier + +edit2: A lot have mentioned GXO Logistics (GXO) and Victoria's Secret (VSCO), both of which are also moving into the S&P 400 and are seeing gains, not dips. Remember, both VSCO and GXO are moving from **non-indexed** into the S&P 400. This is a completely different index move from what GME is making (S&P 600--> S&P 400). Based on the graphs in the study, this is also to be expected. + +edit3: I also did a qualitative volume analysis you can see here: [https://www.reddit.com/r/Superstonk/comments/oxing8/sp\_midcap\_400\_promotion\_tomorrow\_volume/](https://www.reddit.com/r/Superstonk/comments/oxing8/sp_midcap_400_promotion_tomorrow_volume/) +If you had $1M tomorrow and wanted to generate 1% a month in income to allow you to retire, what would your picks be and why? + +T, O, MAIN, QYLD? + +EDIT: Let me clarify, this would be solely for income, not growth. +I've been an enthusiastic "RE is the answer" person for awhile now. But lately I've been seeing the ugly side of real estate and it's making me rethink everything. I'm young (auto mod wouldn't let me put my age) and share 7 doors with a partner. I've been managing four of them, and have found the last couple deals. I feel like one of the deals we bought was a mistake, I got over eager and should have been more through, and a tenant that I selected is now having problems paying rent. My ego has been crushed, and I feel guilty, like I let my partner and I down. I've been fantasizing about selling and putting the money in something boring and safe, like a HYSA. Or spending it on ourselves for once, what a shock. Can someone give me a cheer up or some good advice? I go over and over my mistakes in my head and it's really starting to depress me. +Unpaid internships is a never ending dilemma for me. I don’t know about other countries but in mine, there aren’t any laws prohibiting an employer from overworking their interns, making them do the job of a full time employee and not paying them a dime under the garb of unpaid internships. They are a facade for rich people to gather even more opportunities and connections under their belt. Now the thing is since these internships are unpaid they are also very easy to get, so making these illegal would again adversely affect poor people as the privileged can get internships using their connections. + +It makes me want to cry seeing that the only reason some of my friends (who are way underqualified than me) get jobs because they can afford to gather experience by doing months of unpaid internships, sometimes even in other states. Not being able to afford to travel to other states for internships or even a job interview has cost me sooo many opportunities. Not to mention the time I have wasted (time I couldn’t afford to waste) doing internships where the employer has screwed me over in the end by not providing proper certification or proof of internship. It is perfectly legal here for companies to hire interns for assessment internships (ie after a very long period of unpaid labour if you’re lucky you get a job) and then not hire a single person at the end of the period. What makes me most angry is the employers who preach “but you’re getting paid in experience” like yeah experience doesn’t put food on my table. + +I hate playing the victim but sometimes it makes me very dejected that no matter how hard I work for even basic things that people are getting handed to them, I would still be at a disadvantage. It makes me hateful that this is such a terrible system which will inconvenience me either ways and will always cater to the rich. +Saw a post yesterday and had to make a post of my own to address the gross over expectations I am consistently seeing here. + +This guy posted how he was loving the process so far, making $500 in two weeks off of a $25k initial investment + +People started chastising him from every direction asking if he was 'actually celebrating' these returns, and then pumping their own trades and patting themselves on the back + +First off, get real guys. $500 in two weeks off an initial $25k investment is ~50% ROI in the first year assuming no reinvestment... thats incredible returns for any strategy + +Second, we get it. You only used $2k and made $1100 or whatever, thats wonderful. Not everyone is you. Not everyone has the same risk appetite as you. You are tremendous. + +Just seems like a bunch of younger people who recently had college canceled had a string of a few good trades and all of the sudden believe their the next Jim Simons and have to push everyone else down so they can be above them +Is anyone else rethinking their buy and hold strategy being more and more tempted by the capture of equity that's possible right now? Almost every one of my properties has pretty close to double the value they did two years ago (just like everyone else I'm sure), and even though I have excellent cash flow and zero debt, and I don't even know what I would do with the money if I cashed out, I can't shake the feeling... 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Take the role of Spunkle in the single player campaign and blast familiar characters from popular token and NFT projects while burning Shiba Inu and earning $SPUNK tokens. + +&#x200B; + +\- Our game will have a single player campaign and a multiplayer mode. In single player, Spunk will join his brothers in a mission to kill off and shoot down all opposing tokens and NFT projects. During the single player you will collect equipment that you can use later in the multiplayer. + +&#x200B; + +\- With those items you can make your ShibaPunkz NFT stronger, think of better weapons, better gear and special abilities. You will also make alliances with senior officers from different countries in the campaign. Because you have provided them with such a good service, they will give you the opportunity to invest in land, houses, companies and investment funds. This will cause the ShibaPunkz NFT to generate $spunk tokens! + +&#x200B; + +\- Then take your own Shiba Punkz NFTs into the multiplayer arena to battle others in multiple online game modes to earn even more. Upgrade your characters with weapons, special abilities & loot boxes, stake your NFT for rewards, or rent out your character to split rewards with seasoned vets. + +&#x200B; + +**Important URLs:** + +&#x200B; + +Twitter: [https://twitter.com/ShibaPunkz](https://twitter.com/ShibaPunkz) + +&#x200B; + +Telegram: [https://t.me/SHIBAPUNKZCHAT](https://t.me/SHIBAPUNKZCHAT) + +&#x200B; + +Web: [http://www.defipunkz.com](http://www.defipunkz.com) +Sorry, this is a little bit of a rant but I just want some input. + +I always had a fear of not having enough money for the future. As of right now, its gotten a lot worse. My family and friends know me as the cheapskate. I dont spend much at all and all I do is invest. +With my job I make okay amount of money. I make 45K a year, net income after tax around 35K. +With all the basic needs (insurance, gas, rent, food and other little things I buy) +I save up around 20K a year. This is not much at all and it's really getting to me. If the government didnt tax my pay I would have more but thats just how it is. + +I am currently 26 and it will take me about 25 years to buy a house, that's if I dont have children . If I want a child it will cost me 250K or more. To retire I need maybe around 1 million depending on the situation. If I have a child 5 years from now, I dont know what I should do, I just wont have enough. To make just 1 million it will take me 50 more years, I will be 76. + +I just cant do it.. all my savings goes into investment and even if I do all that I will never make enough money to do what I want in life. Also my Investments are currently crushing me with the markets conditions right now. + +What should I do? Fyi I live in Canada so it's a little more expensive in my opinion. +I have a disability check every month, so i have never thought about unemployment per se. My partner has always had a job, we had 5000 in savings (what i already had spent in my head for the garden and scullery). We were very secure, or so i though. + +My partner lost his job. + +We applied for unemployment checks but where not sure if they would pay and or when. +Suddenly that 5000 was only for 2 months wages, and then it would be gone... + +Now, one month later, my partner is approved for unemployment checks (but no money received yet) and has a new job starting monday. + +But those 5000 euros? They will stay in the bank, i want at least 3 months wages in savings, maybe more. +It still does not feel like much, even though our troubles are minor compared to other stuff i read here. + +Other things i noticed: you can save a lot of money if you think it is not replaced by the end of the month. +Hi everyone, + +**Intro** + +Before I begin. This is only information from the global nuclear and uranium sector. I encourage everyone to verify the information that I post here. **This isn't financial advice. Please do your own DD before investing. And take your time to do your own DD before investing.** + +Most investors when talking about commodities are used to hear about Gold, Copper, Oil, Gas, ... + +Uranium on the other hand is a less known commodity. + +The uranium sector has a global uranium production of \~135Mlbs/y (global primary supply) in 2022 + +In the past the nuclear fuel cycle created a global secondary uranium supply of \~20Mlbs/y due to underfeeding. + +That's 135+20 = 155Mlbs total global uranium supply + +The annual global demand for uranium is around 200Mlbs + +And now (2022/2023) an additional ANNUAL supply gap of \~50Mlbs is being created as we speak. Only, the uranium sector is an unknow sector for most of the investors, so it takes time before the market starts to understand this. + +Compared to the total global annual production and demand, an additional annual supply gap of \~50Mlbs/y is huge! And even if it in the future that additional annual supply gap would be 40Mlbs instead of 50Mlb thanks to possible measures in the nuclear and uranium sector, it would still be huge. + +So the global uranium supply and demand is in a serious deficit and the uranium price today is still too low to incentives enough new production in the LT to get the global uranium supply and demand back in equilibrium. + +Today the uranium spotprice is \~50.00 USD/lb, while a price of 80 USD/lb is needed (based on the global production cost curve versus the global annual uranium consumption) to get the global uranium supply and demand back in equilibrium a couple years after reaching those 80USD/lb. + +The demand for uranium is also growing year afer year due to the global nuclear reactor fleet increase (China, India, ...) even Japan now wants to build new reactors. + +And the last 3 months (July/September) the global nuclear sector added 6,000,000lb/y + 6,500,000lb + 3,800,000lb/y of additional uranium demand for 2022/2024 = \~**9,800,000lb** of unexpected additional ANNUAL uranium demand + **6,500,000lb** uranium demand for first reactor cores. **This adds to the already existing global supply deficit.** + +&#x200B; + +After a more detailed explanation, I give some uranium stocks listed on the London stockexchange. + +&#x200B; + +Note: Most of the time I post about the global uranium and nuclear sector, because that's the sector that I know well. I let other people talk about the sectors they know the best. + +&#x200B; + +**1) Nuclear fuel cycle:** + +\- phase1 mining + +\- phase2: conversion from natural uranium to UF6 + +\- phase3: enrichment (where the shift from underfeeding to overfeeding is happening) to get EUP (Enriched uranium product) + +\- phase4: nuclear fuel rods fabication with EUP + +Some latest events in the global nuclear and uranium sector: + +&#x200B; + +**2) The Uranium demand side** + +a) Japan wants to build new reactors + +b) Japan wants to accelerate the restarts of existing nuclear reactors (September 14, 2022): [https://oilprice.com/Alternative-Energy/Nuclear-Power/Japan-Plans-To-Restart-Seven-Nuclear-Reactors-By-Summer-2023.html](https://oilprice.com/Alternative-Energy/Nuclear-Power/Japan-Plans-To-Restart-Seven-Nuclear-Reactors-By-Summer-2023.html) + +=> this will increase uranium consumption in **2022/2023** + +c) UK September 29, 2022: EDF wants to extend life of UK nuclear reactors: [https://www.energylivenews.com/2022/09/29/edf-unveils-ambition-to-extend-life-of-uk-nuclear-power-stations/](https://www.energylivenews.com/2022/09/29/edf-unveils-ambition-to-extend-life-of-uk-nuclear-power-stations/) + +=> this would increase uranium demand **early 2023** + +d) Canada September 29, 2022: [https://canadatoday.news/qc/ontario-aims-to-extend-pickering-nuclear-power-plant-to-2026-eyes-renovation-sources-34280/](https://canadatoday.news/qc/ontario-aims-to-extend-pickering-nuclear-power-plant-to-2026-eyes-renovation-sources-34280/) + +=> this would increase uranium demand in **2024** and beyond + +e) California, US, September 9, 2022: [https://www.enr.com/articles/54753-california-extends-diablo-canyon-nuclear-plant-operations-until-2030-to-boost-grid-reliability](https://www.enr.com/articles/54753-california-extends-diablo-canyon-nuclear-plant-operations-until-2030-to-boost-grid-reliability) + +=> this will increase uranium demand **end2023/2024** + +f) Michigan, US, September 13, 2022: Palisada plant may reopen in Michigan: [https://thehill.com/opinion/energy-environment/3638765-a-big-win-for-nuclear-palisades-plant-may-reopen-in-michigan/](https://thehill.com/opinion/energy-environment/3638765-a-big-win-for-nuclear-palisades-plant-may-reopen-in-michigan/) + +=> this would increase uranium demand in **2023.** + +g) Georgia, US, September 1, 2022: Southern Company has notified the US Nuclear Regulatory Commission (NRC) of its intent to apply for a 20-year extension to the operating licences of both units at the Edwin I Hatch nuclear power plant in Georgia. + +=> this would increase uranium demand in \~2031. + +h) Belgium August 31, 2022: Belgium nears a deal with Engie on the licence extension of 2 1000MW reactors that were scheduled for closure in 2025 [https://www.montelnews.com/news/1347150/belgium-nears-deal-with-engie-on-reactor-lifetime-extensions](https://www.montelnews.com/news/1347150/belgium-nears-deal-with-engie-on-reactor-lifetime-extensions) + +=> this will increase uranium demand in **2023** + +i) South Korea (August 2022): the *10th Basic Plan for Electricity Supply and Demand* calls for 201.7 TWh of electricity to be generated with nuclear power by 2030, which will account for 32.8% of the country's total generation. The previous version of the mid-term plan, released in October 2021, put nuclear's share at 25% in 2030. The actual figure for 2021 was 27.4%, according to MOTIE. + +This increase in nuclear's share reflects the start up of 6 new reactors between now and 2033 **(Shin Hanul units 1-4 and Shin Kori units 5 and 6)** as well as the continued operation of 12 existing reactors. Nuclear generating capacity is expected to increase from 24.7 GW in 2022 to 28.9 GW in 2030 and to 31.7 GW in 2036. + +U-turn in 2022: restart of construction of Korea reactors => This would increase uranium demand in **2022/2023** (3 add reactors = \~4000 MW add capacity = **add \~ 1,800,000lb/y + first core of 3 APR1400 reactors = \~6,500,000lb for those 3 first cores**)) + +In April 2022 the Yoon administration said it planned to seek a 10-year licence extension to unit 2 (640MW) of the Kori nuclear plant. The unit is currently licensed to operate until 2023. => This would increase uranium demand in **2022/2023** + +j) USA, September 26, 2022: Converting Coal power plants to Nuclear Gains Steam. A US Department of Energy report identifies over 300 coal plants that could be swapped over. [https://spectrum.ieee.org/nuclear-power-plant](https://spectrum.ieee.org/nuclear-power-plant) + +=> **This would double the annual uranium demand from USA!!** And a massive build out starting \~2030 would mean that the needed uranium for this will need to be signed in contracts with uranium producers around **2025**!!! + +k) Germany will probably extend the operations of 2 nuclear reactors. And if they extend the operations for several years => this will increase uranium demand in 2022/2023 + +l) Mexico extends the operational licence of their 2 reactors (September 21, 2022): [https://www.reutersevents.com/nuclear/mexicos-laguna-verde-license-extended-oklo-files-project-plan-nrc](https://www.reutersevents.com/nuclear/mexicos-laguna-verde-license-extended-oklo-files-project-plan-nrc) + +=> this will increase uranium demand in **2022/2023** + +m) Argentina (July 2022): Argentina is preparing to refurbish Atucha I, the first nuclear power reactor in South America, so that it may generate power for a further 20 years. A framework to regulate the work has been agreed. The company said the reactor would come back online in 2026. + +=> this will increase uranium demand in **2024** + +n) China is massively building new reactors: "China had 53 nuclear plants at the end of 2021 with a total generating capacity of 55GW. The country plans to expand this to 70GW by 2025 and up to 150GW by 2030, at which point it is likely to become the world’s largest generator of nuclear energy, ahead of the US and France." (September 27, 2022) + +=> **China today consumes \~28 Mlbs of uranium in 2022, that's 20% of global uranium production (\~135MLbs in 2022). Based on the uranium needs for reloads and the uranium needed for first cores of new chinese reactors, the total uranium demand of China will be \~50Mlb in 2025 (for 2027 consumption) and 110Mlb in 2033 (for 2035 consumption)!!!** + +But India, Turkey, Egypt, ... are also building new reactors that also need a 1ste core and than 40-80y of core reloads! + +0) **add to all the above, the shift from underfeeding to overfeeding creating an additional ANNUAL global uranium deficit of \~50,000,000lb uranium that will hit the uranium sector in 2H2022/2023** + +**2) The Uranium supply side** + +**In 2022 the global uranium production will only reach 135Mlbs.** And only with a significant higher uranium price in Q42022 than today, the uranium sector could maybe reach 155Mlbs global production in 2023. + +But the annual demand in 2022 is \~200Mlbs (primary demand + first impact of overfeeding in 2022) which reduces operational inventories of producers, convertors and end-users (utilities). + +Those operational inventories are now at a critical low level according to UxC (presentation in 1H2022), meaning that there isn't any room anymore to reduce operational inventories further. So now utilities effectively need to find an additional \~75Mlbs in the market!! But where exactly? + +Today the uranium spotprice is \~50.00USD/lb, while the uranium sector needs 80USD/lb to increase production to be able to get global uranium supply and demand in equilibrium again a couple years after reaching those 80 USD/lb. + +Now comes the time that this will be translated in much higher upward pressure in the uranium spotmarket. + +And because the natural uranium cost only represents \~5% of total production cost of electricity from a nuclear reactor, utilities will not mind to buy uranium above 100 USD/lb if needed, because the cost of shutting the reactor down due to fuel shortage will cost so much more for the utility. + +**Conclusion:** The uranium price is about to increase significantly + +**This isn't financial advice. Please do your own DD before investing.** + +&#x200B; + +**3) Which uranium companies are listed on the London Stockexchange?** + +**This isn't financial advice. Please do your own DD before investing.** + +**a) Yellow Cake** (YCA on London stock exchange) is an investment in physica uranium without being exposed to the mining risks + +Yellow Cake (420 GBp) represents an uranium price of \~45.35 USD/lb. + +675 GBp would represent an uranium price of only \~73USD/lb. + +740 GBp would represent an uranium price of \~80USD/lb. + +830 GBp would represent an uranium price of \~90USD/lb. + +While the uranium sector needs 80USD/lb to increase production to be able to get global uranium supply and demand in equilibrium again **a couple years after reaching those 80 USD/lb.** + +**"a couple years after reaching those 80 USD/lb"** means that a significant overshoot of the uranium price well above the needed 80 USD/lb is most probable. + +Here a link to a calculation of the discount over NAV of Yellow Cake: [https://docs.google.com/spreadsheets/d/1SdQ0pXhW2KJ\_PJoiJ3w97tzVz1fGcupAU9bfpTJkOHw/edit#gid=2006377867](https://docs.google.com/spreadsheets/d/1SdQ0pXhW2KJ_PJoiJ3w97tzVz1fGcupAU9bfpTJkOHw/edit#gid=2006377867) + +&#x200B; + +**b) Kazatomprom** is one of the biggest uranium producers in the world. + +**Kazatomprom share price has some serious catching up to do.** + +Why? + +\- The uranium mines in Kazakhstan have the lowest production cost + +\- Kazatomprom is profitable + +\- Kazatomprom pays the highest dividend in the uranium sector. + +The dividend per ordinary share of NAC Kazatomprom JSC is KZT 876.74 (eight hundred seventy six tenge seventy four tiyn) (July 15, 2022) = dividend of 1.85 USD/share. + +1.85 USD compared to a share price of 29 USD/share = 6.38 % dividend + +And in my opinion the dividend will increase in 2023. + +\- More than 50% of future uranium will go to Chinees utilities and the strategic uranium reserve of China. China will become the biggest uranium consumer in the world in the future, they are building a lot of new reactors at the moment. + +\- The Kazatomprom price (29 USD/share) today only represents an Enterprise Value in USD / lb uranium in resources they have of 5.75USD/lb compared to Paladin Energy having a 23.04 USD/lb value back in February 2007 (when uranium price was \~75USD/lb) and Cameco today having a 8.05 USD/lb + +&#x200B; + +**c) HANetf ICAV - Sprott Uranium Miners UCITS etf** (alternative of the main Sprott Uranium Miners etf in the US stock exchange): well diversified 100% uranium sector etf + +&#x200B; + +Alternatives on US and TSX stock exchange: + +**d) Sprott Uranium Miners** etf (URNM etf): well diversified 100% uranium sector etf + +**e) Horizons Global Uranium index** etf (HURA etf on TSX): well diversified 100% uranium sector etf + +**f) Global x uranium etf (URA etf):** 70% invested in the uranium sector and the remaining 30% in multi-commodity producers, nuclear sector and utilities. + +g) **Sprott Physical Uranium Trust** (U.UN on the TSX and SRUUF on US stock exchange) is an investment in physica uranium (no uranium on paper!) without being exposed to the mining risks + +U.UN share price at 16.00 CAD/share represents an uranium price of \~47.00USD/lb. + +17.00 CAD/share represents an uranium price of \~49USD/lb. + +18.50 CAD/sh would represent an uranium price of only \~54USD/lb. + +21.50 CAD/sh would represent an uranium price of only \~63USD/lb. + +25.00 CAD/sh would represent an uranium price of only \~73USD/lb. + +While the uranium sector needs 80USD/lb to increase production to be able to get global uranium supply and demand in equilibrium again a couple years after reaching those 80 USD/lb. + +**This isn't financial advice. Please do your own DD before investing.** + +Cheers +**Looking at long-term real house prices and population growth trends in the UK, USA, and Amsterdam.** + +\-- + +In my last post on the housing market, I wrote that: + +>“This post will, hopefully, conclude our discussion of the housing market.” + +However, it seems like my research on this topic has struck a nerve. Some of your private responses to me included counterpoints like: + +* I should stick to valuing businesses because I *clearly* don’t understand real estate. +* The US real estate bubble is isolated. It is not a global bubble, and conditions are entirely different to ‘08. +* Population growth and limited supply ensure prices only go up in the long term. +* If prices go down and you continue to hold, *the ‘Bill-Gates-esque’ uber-rich* will buy up all the land and prices will recover and surpass previous levels. + +Out of these counterpoints, there are two main ideas I wanted to extract and explore: + +1. What have house prices done across the world over the very long term? +2. What is the relationship between population growth and real house price growth? + +\-- + +#### A Long-Run Look At Real House Prices Across The World + +It is an invariably accepted belief that house prices always rise and always will as long as you have a long enough horizon. But is this true? Or, are we like the frog in a pot of boiling water? Are we falling victim to recent extrapolation bias? + +I have plotted the three longest-running real house price indexes I could find for the USA, UK, and Amsterdam. I have also plotted the long-run median index level for each. + +[The United States Real House Price Index (1890-2021)](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vQsyJqHUwIudImfR3OFNj2Cl8afevgv2IkBqJZEXwIFjrt3DENoT06tDp9OvNasVfFaAPWlVSjUnVSg/pubchart?oid=430732677&format=interactive) + +Data Source: [Robert Shiller’s Online Data](http://www.econ.yale.edu/~shiller/data.htm). + +There are a few things that you’ll notice about real house prices in the US: + +1. Before WW1 and WW2, prices were trending sideways. Then, from the onset of WW1, prices declined by \~30%. +2. After WW2, prices climbed rapidly again. Real prices rose \~55% between 1943 and 1948. +3. Prices went sideways for half a century from 1948 to 1998, with some boom and bust cycles at the onset of the 70s, 80s and 90s. +4. The 2008 housing bubble stands out like a sore thumb. I have covered that boom/bust in detail on my site and in my book. It is interesting to note that the prices declined until they almost reached the long-term median level. +5. Since mid-2012, prices have been inflating at a similar pace and magnitude as they did in the lead up to the ‘08 bubble. There has been a noticeable spike in 2020/21. + +[The United Kingdom Real House Price Index (1844-2021)](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vQsyJqHUwIudImfR3OFNj2Cl8afevgv2IkBqJZEXwIFjrt3DENoT06tDp9OvNasVfFaAPWlVSjUnVSg/pubchart?oid=556380828&format=interactive) + +Data Source: [Bank of England Research Datasets - A Millennium of Macroeconomic Data - House Price Index](https://www.bankofengland.co.uk/statistics/research-datasets). + +There are a few things you’ll notice about real house prices in the UK: + +1. Similarly to the US, before WW1 and WW2, prices were trending sideways. Then, from the onset of WW1, prices declined by \~58%. +2. After WW2, prices climbed rapidly again. Real prices more than doubled (\~105%) between 1943 and 1948. +3. Since then, real house prices have increased exponentially. Real prices doubled over the half-century from 1948 to 1998. And, in the 22 years since, they have more than doubled again - rising by 139%. +4. We can see similar boom/bust cycles as the US at the onset of the 70s, 80s and 90s. +5. However, in contrast to the US, the 2008 financial crisis did not have as pronounced an effect on real prices. But, like the US, real prices are now back above their 2007/8 highs. + +[Amsterdam Real House Price Index (1619-2021)](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vQsyJqHUwIudImfR3OFNj2Cl8afevgv2IkBqJZEXwIFjrt3DENoT06tDp9OvNasVfFaAPWlVSjUnVSg/pubchart?oid=650414045&format=interactive) + +Data Source: [Korevaar, M., Eichholtz, P., & Francke, M. (2021), Dure Huizen Maar Geen Zeepbel in Amsterdam. Economisch Statistische Berichten 106 (4793), 32-34](https://sites.google.com/view/matthijskorevaar/data?authuser=0). + +This data is the longest-term house price data I’ve been able to find. It has echoes of the Herengracht Index but is extended and updated. + +There are a few things you’ll notice about real house prices in Amsterdam: + +1. Prices rose dramatically in line with the Dutch Tulip bubble (1634-1637). +2. They rose even more dramatically during the Mississippi and South Sea Company manias in the 1720s. +3. In the 1790s, the French Revolutionary Wars (the French captured the Austrian Netherlands and the Dutch Republic) led to a dramatic real house price collapse. It took roughly 80 years for prices to recover to their previous level. +4. As with the US and UK, WW1 and WW2 saw prices decline. They continued to decline until 1986, with boom/bust cycles in the 60s and 80s. +5. Since then, prices have exploded. From 1986 to 2008, they were up more than 4.5x. And finally, from their 2013 lows, they have almost doubled (\~81%). + +If you bought housing there in 1619 and sold it in 1986, your real capital gain would have been essentially zero. Amsterdam was a fast-rising global power in the early 1600s. The Dutch Guilder became the global reserve currency in about 1640 and maintained that position until about 1720. You would have been through 370 years of economic booms and busts, losses and victories, and prosperity and productivity growth. But, for 370 years worth of holding, your real capital gain would have been zero. *However, in the 35 years since, you would have realised a 559% real capital gain (!?).* + +***Takeaways on Long-Term Real House Prices*** + +These three datasets give us a cumulative 710 years worth of house price data to analyse. Drawing together similarities, we can see that: + +1. Real house prices have followed a boom/bust cycle that follows the short and long-term credit cycles. Shorter-term declines have followed shorter-term booms. Longer-term declines have followed Longer-term booms. +2. Globally, something changed in the latter part of the 20th century (around 1990). Long-term norms for real prices have been thrown out the window. We have real house prices that are totally unlike anything in recorded history. I have previously covered in detail why I believe the Basel Accords, biased and flawed bank asset risk-weighting metrics, the proliferation of ever cheapening credit, and the switching of the pricing feedback mechanism from negative to positive have driven this. + +\-- + +#### The Relationship Between Population Growth & Real House Prices + +To analyse the relationship between population growth and real house prices, I sourced population data for the US, UK and Amsterdam. I divided the data up into 10-year buckets (some years don’t have population data) and looked at the growth in real house prices vs the increase in population over that time to test a correlation between them. + +***Correlations Between Real House Price Growth & Population Growth*** + +See the spreadsheet and data [here](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vRkCHMQRAIY8BqxDbExNPwnH0JdfoCi_6oeylM9Wj5WK1kcG22qSIkDQWNrKkp1t8bpRaQ75wbIvoIp/pubhtml#). + +* United States: *r = -0.478, (p = 0.01)* +* United Kingdom: *r = -0.060, (p = 0.73)* +* Amsterdam: *r = -0.001, (p = 0.99)* + +I failed to demonstrate a correlation between population growth and real house price growth for the UK and Amsterdam. + +I have evidence of a negative correlation between population growth and real house price growth in the US (!?). + +These results fly entirely in the face of prevailing sentiment and suggest that there is, in fact, almost no relationship between population growth and real house price growth over the long term. + +So, what are the answers to the questions I set out at the start: + +***What have house prices done across the world over the very long term?*** + +The answer to this is that they have risen and fallen in line with the credit cycle and significant political upheaval but have essentially remained flat. The explosive appreciation in real house prices over the last 25 years is entirely out of the ordinary. + +***What is the relationship between population growth and real house price growth?*** + +We failed to show any positive correlation between population growth and real house price growth. Moreover, in the US, there is evidence that it is the opposite. + +\-- + +#### Data & Spreadsheets: + +See the data and spreadsheet [here](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vRkCHMQRAIY8BqxDbExNPwnH0JdfoCi_6oeylM9Wj5WK1kcG22qSIkDQWNrKkp1t8bpRaQ75wbIvoIp/pubhtml#). + +Copy the data and spreadsheet [here](https://docs.google.com/spreadsheets/u/1/d/1Fs2cP2lhUyonErtiMRgGOtRycDSYVYzfxEhv811ij-k/copy#gid=1669226225). +My wife and I are considering buying in NYC. We currently rent in a perfectly fine but not especially nice apartment in Manhattan. Rent is $3100/month. We are only willing to move within Manhattan and generally would look for something in the $800k-$1.2MM range. + +The problem with owning is the monthly common charges. They average 1/3 to 1/2 our current rent. All of that is “wasted” expense. Property taxes are a mixed bag, but looking like another 1/3 to 1/2 our current rent (and because of the new Trump tax plan none of those property taxes are deductible). So, that leaves us almost fully replicating our current rent before we even start touching the mortgage. + +Now, obviously building equity is appealing but realistically that won’t start being material for 5 years minimum. We’d probably stay in NYC that long, but I’d be surprised if we stay more than 10. + +To me, it just never seems like the math works out. Am I missing something? +I owned a townhome 1050sf (built in the 80's) that is a prime location in my city. It has always been an easy to find tenants. I purchased it for $112k in 2015 and it has appreciated to about $175k in 2021 based of Zillow comps. Because of the absurdly high HOA / to rent ratio my cashflow was not that great. I tried to sell this property and cash out in 2020 and it stood on the market for 3 months with zero offers. Reason being its a bit old, I did not want to spend any money updating it and the HOA is about $225 a month (which is considered high for the area for the value of the home) + +After 3 months of no offers and dropping the price to $144k, I got new tenants and waited a year. I have been seeing the Offerpad/ Opendoor ads over the last 12 months, so I said why the heck not. My tenants lease was expiring and I wanted to flip the property and use the cash elsewhere. Process is simple, give them your comps of the property and upload several pictures or video walk through, and you do not even have to let anyone in (great since I had tenants). After about 2 days they sent me an offer of $161k. I noticed that the agent on the phone told me it is based on comps and if you don't think its fair, give her a reason why and she will get back to an estimator. I was going to take the $161k anyways but said, heck might as well try. Countered with $163k and they accepted. Settled on a closing date, notified my tenants that they had to move out at the end of their lease. (OfferPad does not want tenant occupied homes) + +There are two catches to their offer. They take the full 5% commission for representing both parties. The second catch is they do a THOROUGH inspection of your home and find a list of 100 things that are wrong with it. Then they tell you to fix it (with certified insured companies) or you credit them the cost of some of the repairs to the final selling price. + +They found plumbing issues, HVAC was 25 years old, and a slew of tiny things. and came out with an $8,500 repair cost they wanted credit for off the purchase price. I wrote up a long email on how I have the HVAC serviced, some of the plumbing was swapped, etc, and told them ill give them $6000, but no more. They came back and accepted. They arranged everything, told me to take the fridge, closed on the home and walked away. + +All in all, I was willing to part with the home in 2020 for $140k if anyone offered that (minus 5% real estate fee). + +One year later I sold to OfferPad for $163k - ($8,150 5% fee) - ($6,000 credit for repairs). + +I have kept an eye on the property, they relisted for sale about 1 month later (December 2021) after doing a bit of updates for $175k. It has been over 1 month and I see that it is still for sale. + +What was nice is I sold the property without ever disturbing the tenants or having them be aware that the property is sold, until I finalized the sale. Secondly, I literally had the tenants move out, and handed the keys over to OfferPad without ever having to do any repairs/modifications. + +Would I use them again, probably not, since the rest of my properties are SFHs and would sell instantly. However, in this case it worked out good for me. +28M making 250k a year here (medical sales). Very frugal, but definitely have my eyes on a nice car (80kish). + +What are your guilty (expensive) pleasures? +Hey, I'm not sure if this is allowed. Another poster asked if there were any jobs in the US paying more than 40K/yr and I thought I'd share. + +I'm a single mom of 3. I had to leave my marriage and at the time I was a stay at home mom and had no college education. + +For the next 6-7 years I tried to go back to school several times but had to work, of course. I never made more than roughly $10.50/hr. + +I worked in retail, hotels, hospitals, etc but because of the cost of childcare/sitters, etc. I realized I'd save money if I could get a job working from home. + +I randomly went on Rat Race Rebellion and saw that Amex was hiring so I applied. + +I got the job. They started me at 38K. Benefits start on day 1 and that includes a ton of PTO, good health bennies, etc. + +I'm at year four and made 52K last year. + +They are [hiring](https://aexp.eightfold.ai/careers/job?domain=aexp.com&pid=11773037&pid=11821648&location=United%20States&triggerGoButton=false&Select%20Primary%20Career%20Areas=travel%20%26%20lifestyle&job_index=4)for that same position. + +If you have any sales, hospitality or customer service background and are in the US I highly recommend shooting your shot. + +We are not thriving by any means but we are ALSO not feeling that velociraptor of poverty at our ankles either ykwim? + +P.S. I do not get anything for sharing this link. There IS a separate referral link but I don't know y'all so I'm not trynna get MY work reputation all forked up. Not worth it for me. + +Good luck! +That's all. Little milestones, each one that takes the worry about some aspect of life, are why I'm in the dividend game. Next up is Christmas + Internet bill for the year. Then waste management. Then heating/cooling. Slowly but surely getting to the point where the cost of living is replaced. + +That being said, it's all actually going to DRIP, and I'll keep paying for everything with cash. It's the peace of mind, not the actual income, that matters to me. +30s M married with no kids (yet). ~5m NW and >1m annual income in UHCOL area. Worked hard and got lucky to get to where I am now, and have all the trimmings of a good life (nice house, cars, clothes, no money stress). Life isn’t perfect: work is stressful and even all the $ in the world cannot buy perfect health for me and my family. But generally things are pretty good and It’s important not to lose perspective on just how lucky I am to be in this position. + +Yet my problem with fatFIRE is the waiting for years of savings and compounding to get me to my fire target (~25m). Sometimes it feels like the movie Click where I just want to hit fast forward 10-15 years to get the destination where I’ll feel like I truly have control over my life without money dictating where I live and how I spend 10+ hours a day. But I also know don’t want my life (especially what should be some of my best years) to pass me by. + +High class problems to have, but it’s been tough to buy in to fatFIRE and deal with the work grind and save a lot while also living for the moment and being present. Curious how others have dealt with this. +I work at a church part-time, and today they had all these carts full of snacks out to distribute to volunteers (not employees like myself). + +Needless to say, when everyone left, I stuffed my sons backpack full, my pockets, and jacket. + +A bit of relief for the week. I feel ashamed but at the same time... I’m glad my son has something enjoyable to eat tonight other than marinara and pasta. + +Edit: I didn’t think this was going to catch fire like it did. I appreciate all the feedback and love/advice. I approached the staff and told them what I took/offered to pay it back, they said absolutely not. The ladies came together and handed me nearly $300 for groceries, offered more hours of work, and to please take what I need and to not feel ashamed about my situation. Needless to say I cried a lot out of gratitude today. And relief. Haven’t felt that much love in a long time. +My mother just joined the cannabis investors association ( [https://nicinvestors.com/about/](https://nicinvestors.com/about/) ) and told me about her investing plans. I know nothing about that particular market, but I'm very skeptical of this decision on her part. I sort of put it in the same category as bitcoin. I talked her down to starting with $1000 instead of investing $5k right out the door, like she was originally going to. I'm very hesitant to support her decision to pour what little money she has into something that is so new and probably quite volatile. Should I be concerned? What are some better alternatives for someone in my mom's situation? +It's fairly obvious to state that most well-known or famous/popular value-style or value-influenced investors are getting on. See my quickfire list at the bottom. + +It led me to wonder if there are any well-known or reputable value investors under 60 or so worth following or adding to my watchlist or reading list. + +Given that value investing (in the broadest sense) has underperformed for some time, that sort of environment doesn't lend much to younger value investors rising in prominence - but regardless I am curious if any of you have certain under 60s on your radar? I realise that age is what contributes to validating an investors successful track record, but no harm in trying to identify the next generation of potential Buffett's (so to speak..) + +Thanks in advance + +A few examples: + +Graham +Schloss +Munger - 98 +Buffett - 92 +Miller - 72 +Marks - 70 +Klarman - 65 +Greenblatt - 64 +Pabrai - 58 +Spier - 56 +I worked for a company last year for a short time and instead of paying me weekly, they paid me too lump sums - two months and three months worth of wages. This meant I paid a lot more tax then what I would have if it was paid weekly. + +This also meant I got a healthy tax refund back this year so go me right?? + +Well, I am also self employed as a photographer and get family tax benefit / carers allowance for my three children (middle one with ASD & ADHD). + +This is income tested so each year I over estimate my income and then centrelink checks my actual income when I do my tax return. They then pay me a lump sum which is mostly family tax benefit supplements. + +I got both in my bank account today. + +I go to log in to internet banking and access is denied. I call BOM and am transferred to their fraud department. +I quickly id myself and think, what's the issue here? + +The snarky woman started asking me how I got a centrelink payment and a tax return? Seriously this is pretty common for many families! + +She then informs me that my account is locked until they confirm it with the ATO which could take up to 10 days! + +I am actually dumbfounded. I understand they need to check suspicious activity but as I identified myself and confirmed I knew what the payments were - to then imply I did something wrong and question my integrity- i am furious! + +I am my families only source of income so freezing my account for up to 10 days is going to be extremely hard on us. + +We have a home loan, credit card, both my partner and I have a business and personal account with bank of melbourne and have done for years. I am turely furious. + +Has this happened to anyone else? +hello everyone, i'm from Chile and if you don't get enough info i'm here to tell you, the country is over, Anarchy took over everything, almost every retail store in the country has been raided and looted, between today and yesterday there are 140 WALMART LOOTED, 17 OF THEM BURNED TO THE GROUND,, most of the metro stations got destroyed and burned, some banks have been burned, most of ATMS are gone, some churchs are burning, people is burning avocado plantations because the owners created a massive drought in the country, some CocaCola plants got looted (even with trucks), literally almost everything got looted, every supermarket in the entire country, even small cities, there have been some sabotage in the power system, the army is on the streets killing civilians, this is literally like having a nazi parade in the main cities.keep this in mind before the opening + +BTW, i'm not a leftist, actually i believe socialism is even worse, the capitalism failed this time because is corrupted and there isn't really a free market + +if you wanna watch part of the horror we're living right now check it out + +[www.youtube.com/watch?v=nfFfad5\_bDU](https://www.youtube.com/watch?v=nfFfad5_bDU) + +EDIT: just like many others i'm afraid of that happening, guys this post is just an advice, this event is a tiny spark of what is coming for the entire financial system, when the bubble explodes the banks will fall and this is what comes after and is gonna reach every one of you eventually, is time to get prepared for what is coming all around the world, you can get precious metals or even all the cash you want but without food every currency will be absolutely useless, i'm lucky i have a water well so i'm gonna start a hydroponic farm right now and will try to get guns asap + +EDIT2: Not over reacting, check this out, this is happening everywhere + +[https://twitter.com/AlertaNoticiasV/status/1186458903908933632](https://twitter.com/AlertaNoticiasV/status/1186458903908933632) + +EDIT3: Please, share, retweet, reupload, please help to show this to the world, this is not about opinions, this is not about bullshits, i came here to show you reality with EVIDENCE! you can judge yourself and make your own conclusion + +[https://www.liveleak.com/view?t=94YXK\_1571785317](https://www.liveleak.com/view?t=94YXK_1571785317) +Time and again, I have met **gurus** telling me how to handle my money and according to each one of them, whatever I am doing is stupid. Everyone has their own ideas and approaches, and none of them listened to or bothered understanding my goals. + +Having experienced such greatness, I decided to not put the control of my money and decision of what happens with it, with someone else. + +I have some funds that I am actively trying to invest in shares and mutual funds. + +I have few sectors that I am interested in investing. How do I go about finding companies and then analysing the fundamentals of the company? +Hi there, + +Generally a lurker, sometimes a commentor. I'm looking for advice from people who have gone through similar experiences. I've asked a variant of this question previously, but this is the crux of the issue I think I haven't focused on before. + +**TL;DR**: How do you plan for fatFIRE, if you aren't feeling secure in your income. At what point in your career did you start to feel secure in your income? + +I'm an SDE at a large tech company (not FAANG but close enough). My income has increased significantly over the past two years, from about $225k to $400k. This happened from a combination of promotion and stock appreciation (stock grants have 4x in value since I started at the company). + +Part of me feels like I should be treating this like a windfall. The stock market could have a correction anytime which would make my income drop substantially. + +On the flip side, for many employees at places like Amazon, Google, Facebook etc eventually the stock grants and refreshers begin to seem much more secure, and reliable. (Or maybe they don't, and I'm just assuming this is the case?) + +At what point in the growth of your career, and your income did you start feeling like you could plan around your income staying relatively high, if ever. How did you approach your planning? How did that impact your spending and saving? + +I've heard some people say you should act like your RSUs don't exist, and just move them into index funds when they vest. Some people say do that for some percentage of them. + +If you're constantly living like a large portion of your income could disappear at any day, how do you plan long term goals around that? If you, at some point, decided that you can reasonably expect to maintain that $350k+ per year income, how did you make that decision? + +An example of why I'm struggling with this. An $800k house seems pretty reasonable when you're pulling in $400k a year. But, if your income dropped down to $200k, or even $300k that house seems a lot harder to justify. These kinds of decisions apply to all sorts of other things (vacation spending, cars etc). + +This may be more appropriate for Mentor Monday, and if it is I can repost there. But I'm hoping we can get some good stories, and insights about what career growth and settling into a lifestyle felt like for people across different spaces. +There are 46.89 million floating shares of GME available on the market. If the price per share hits $69,420, that’s a total value of $3,255,103,800,000, roughly all hedge fund assets as of 2019/2020. + +We’re living in a simulation + +Numbers are from: +https://finance.yahoo.com/quote/GME/key-statistics/ +https://www.investopedia.com/articles/investing/102113/what-are-hedge-funds.asp + + +(I am not a professional, this is not advice, do your own research, and invest at your own risk.) + + +TLDR: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +**SIGMA: The Saint Inu Gaming and Metaverse Arcade Platform or “SIGMA Platform”** will serve as a launchpad for our team-developed and partner-created FIRST EVER P2D (Play to Donate) games. These games will provide users an opportunity to earn cryptocurrency on behalf of their favorite charitable causes. Revenue generated from each of these games may be split differently depending on the game or for promotional events. In some games, there may include a P2E (Play to Earn) element in order to increase revenue opportunities and awareness for our charities and non-profits. + +First of its Kind P2D (Play 2 Donate) + Earn Gaming platform, this will change the game. Huge Events and Prizes sure to come garnering much attention and changing how people donate, making it fun cool and exciting. Large Prize pots will bring wide scale attention through out the gaming and E-sports industry. Partnerships with large E-sports companies already in the works.. + +This is on top of the game changing Charity platform they are already developing, as well as already donated $300,000 in their first 2 weeks and over $200,000 in buy backs. + +&#x200B; + +**Check out their links for more info:** + +Web: [Saintinu.com](https://Saintinu.com) + +Twitter: [https://twitter.com/saint\_inu?s=20](https://twitter.com/saint_inu?s=20) + +Telegram: [https://t.me/saintinuofficial](https://t.me/saintinuofficial) +EDIT: I'm still getting a lot of messages about this. I really appreciate all the help everyone has given. I have contacted my employer and am thinking about my options. + +My girlfriend and I both work part time at a small coffee shop. The pay isn't incredible but it is a fantastic place to work and it pays the bills. Our lives are very busy so its wonderful to have a job that fits into our schedules so well. I'm not interested in leaving this job. + +However twice now we have had issues with our paychecks. We are given hand-written checks by the company, who banks with Wells Fargo. It's a very small shop, with only 2-3 owners and a handful of workers. + +About a month ago I deposited my check, and the money successfully deposited. A few days later my bank "refunded" the paycheck, overdrafting me into the negative. This was very stressful, and I was told I would be reimbursed (along with overdraft fees) in cash. + +It took 9 days to get my money, though they did pay my overdraft fees (that had accumulated by then). Last week, my girlfriends paycheck has done the same thing. Refunded to the bank, 200 dollars in the negative. It's been 11 days and still there is no word on when we will get the money. + +I'm worried this is a sign the business is collapsing. They told us it was a "glitch" with our payroll system the first time, we've heard nothing this time. They've said nothing to us to indicate the shop is closing or in danger of it, though it is a small business and business has been slowing down. + +Is this a sign that we need to be looking for new work? I don't want to sue the shop by any means and don't imagine there needs to be legal action here, but we really need our money if we want to pay our bills. +Most governments(or central banks) of developed economies aim for a 2% inflation target. Why don't they have their inflation target at 0%? I was thinking for the central bank to increase aggregate demand just enough by printing money to meet the increase in long-run aggregate supply. This leads to economic growth, but no inflation. +Don't think about buying back your initial investments. Don't think that the number you see in your screen is enough. + +Think about others. Think about the ones who need it most. Think about the lives that we lost. Think about those who are struggling, those who are going hungry, or sleeping in their cars. + +The longer you hold, the more help others will get. This is one of the few times where doing nothing will return greater things. + +Apes stronger together. Hold the line. Do good things. +This is part 2 + +[link to part 1](https://www.reddit.com/r/Superstonk/comments/xi02le/gamestopped_the_mechanics_of_cellar_boxing_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + +10/09/2020 Swap Failure + +[https://imgur.com/a/NRFeVzw](https://imgur.com/a/NRFeVzw) + +Almost the exact same amount of volume (within 1%) So 300+ million shares were force bought in on Thursday and another 300m on Friday. Probably reached the limits of the algorithm to handle before the price got out of control. That is just 2 days of swaps. Check out the next 10 trading days. Failed multiple rolls. Volume is a rough estimation of how many shorts they were hiding in those swaps. Almost a billion in volume from 10/8-10/23. Now some of that might be institutions buying and other buys hitting the lit exchange, but the price only goes from $2.50 to under $4. The problem for them is they are above the 200 MDA. This messes with the VAR on the swaps. They do not want the price above this when they must roll their swaps over. + +Now look what happens that following Monday (12th) and Tuesday (13). They stabilize the price and more than likely rolled swaps and rolled up some of those new short positions on either one or both days (they had to balance all that buying volume out). They must do this by the 15th, otherwise their short positions will show up on the SI report. It doesn’t look like they got them all tho and they got some FTDs because 35 trading days (MM privilege) (+5 days for Regsho) GME shows up on the Threshold security list, 12/08/20. And 35 trading days after being on the TSL, is you guessed it, the baby squeeze and the day they turned off the buy button. + +There’s a lot more to this, including the importance of 8/31 and 1/11 dates and why RC tweeted this really random anniversary tweet. It really is mind blowing! + +[https://imgur.com/a/bv89Tph](https://imgur.com/a/bv89Tph) + +To get a full understanding of his tweets and what is about to happen, it is extremely important to look back in time at the chart. These shitheads have been at this for a long time, probably since GME was listed, and once you know what to look for, you can get an idea of how fucked they are. You’ll see that every 2 years on the same dates, they will have flat candles. 8/31, 3/8-3/12, 4/4, 5/23, 5/25, 5/26, 9/11, a lot of dates in October, 12/6, 1/11, 1/27-1/30. These are only a few but are some of the big ones. These are typically their rollover dates. They got out of the squeeze by rolling it out 2 years. Which brings them to January 2023. + +Once they enter a swap, they must continue to roll them every two years, or every year around historical earning dates because this is when their major swap positions expire. They also roll around the 15th and end of month to clear FTDs but those have way lower volume than the ones around earnings. This is why they suppress the price before Earnings, and let it go after. They must keep the price below the 200 MA for rolls. + +One last thing, they are pushing next week as a big week and while the end of September does have a few rollover dates , they are not major ones. The price may spike but in my opinion this is a fake out. Look to the end of Sept and October 2020 to see when their problems really start. We really are stuck in Groundhog Day, but it’s a 2 year cycle. The events at the end of 2018 setup 2020, and I believe will setup the end of 2022. The beginning or 2021 will setup the beginning of 2023. Everything must come back around. I believe October will set us up for more liquidations, but more importantly, it will set us up for Reg sho to kick in in December. The fact the SEC has a rule coming regarding Swaps being centrally cleared, (they are not regulated now) is a big sign. There’s a lot more info regarding the correlation between cr up toe the index funds, and GME, as well as the significance of RC buying when he did and his tweets. Also the importance of the new rules requiring collateral for swaps with banks that kicked in on Sept 1st. And shout out to they guy who found the significance of the ratio of SPY/GME (I believe they have to keep it above 11.8 or they be fucked). Gonna be kind of hard with a crash any day now. Peace out +With the crazy btc run (eth’s too), it has me wondering if eth could reach this value within 5 years. While this is obviously unknown, given what you do know, are you confident this is a realistic *possibility*? Been on board since March and hodling for dear life. +I bought $VDE (Vanguard Energy Index) about a year or so ago at roughly $70 a share and now it’s up to $112 a share, which is about 60%. + +I’m gonna be super honest with you guys and just say that I’m totally an amateur investor who has absolutely no idea what he’s doing, so I have no clue how to predict the top of this stock. + +Obviously oil and energy companies are trading at all time highs, but I lack the necessary knowledge or experience to predict with any amount of certainty if these stocks are going to continue going up or if they have reached the top and will trend around where they are now and then drop in share price. + +Can someone smarter than me give me their opinion on this matter? I know that nobody knows anything with certainty, and we’re all just a bunch of morons on the internet, but I’d love to hear some educated guesses from some morons who are smarter than I. + +Thank you in advance! +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[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) Last ban length: 1,048,576 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +This forum doesn’t give financial advice. Stop with all your “you convinced me.” Posts. We didn’t convince you to do shit. We are not a “group” or an “organization” and we don’t buy together. There’s people here for entertainment purposes only, and people who enjoy buying, holding and trading certain stocks, but we are NOT an organization of any sort. Any purchases YOU MADE are YOUR decision and YOUR decision alone. Not ours. + +Any post saying “you convinced me” should result in an INSTANT BAN for trying to help hedge funds build a collusion argument. Stop with them. Now. Hedge funds commit Rico. We aren’t organized or a group enough to do so. Stop. +What are the things I need to know before investing in an index fund ? What are the risks involved ? Which type of index fund would you recommend to a novice investor ? + +Thanks Redditors ! :) +I’m 49y, husband 50, finally we have some money to invest. (50,000). +House is paid off, no car payments, no credit card debts. +We have only taken twice a week off in the las 23year +I love what I do, husband not much. I would like to take 5 days off, husband thinks it would be better to just invest all of it, Im fine doing it, problem is I don’t have a real idea how to start. We don’t have a retirement plan 401k, it’s not offered where we work, or any retirement accounts. +Went to a FP they want 5% to open a mutual fund and a Roth IRA, but I have that it is a lot, but I don’t really know what could be the first steps to do it myself, or I where to go to get some real advice. So I came here, hoping to get some guidance on this investment stuff. +Thank you very much. +So I (22F) bought my used car a few years ago for 9k. It has 150k miles on it, but honestly it runs great and can last many more years. It's a 2011 Hyundai Sonata Hybrid. + +Yesterday, a large Chevy truck with a large trailer attached came down my road. My car was parked in front of my house in the same spot that I park every single day and their trailer destroyed my car. The guy who did it was just not paying attention and was too far to the right.. my car stays parked in the grass off of the asphalt. The damages are very obviously worth more than my car itself, I'm currently in the process of getting an estimate. I already filed a report with the cops and his insurance company, too. Luckily, my neighbor caught it all on camera so I have video evidence of him hitting my car. + +He destroyed the whole passenger side of my car. Ripped off my mirror, both of my door handles, and my rear bumper completely. It is dented up pretty bad along the whole passenger side, so much so that you can't even open the passenger door. + +So, as stated, I'm waiting on the estimate now. I went ahead and sent in photos and videos to Progressive (his insurance company). I'll hear back in a few days but I'm extremely nervous about my car being scrapped and considered totaled as I cannot afford a new car right now. + +I was told I may need to sue, but I was then told that finding a lawyer would cost the same as a new car. I'm at a loss. I have no idea what to do and I've never been in a wreck before, let alone gotten a ticket. I'm frustrated because this all happened while my car was parked at my house. Not to mention, my tags and ID are out of state still so I will probably have to pay the $500+ and deal with my car insurance rising just to transfer my tags to Florida (where I currently reside.) + +Any advice is appreciated. Also, will MY insurance go up for his careless mistake, too? Thanks in advance for any responses +Son spends all his money on gaming and Warhammer and fully admits he knows he would spend it recklessly if he had his hands on it. Amount would be approx £14,000. He has another children’s account which his grandparents have been putting into of approx £4,500; he doesn’t have access to at the moment. I suggested driving lessons and a car with the smaller account but he doesn’t seem interested in that. I admit I am not keen on him having a spending spree with my hard earned contributions. What have other parents done with their child’s Trust fund? +The first time Bitcoin and Ethereum reach ATH at the same time in a long time. + +Congratulation to all BTC and ETH holders who have held it through consolidation of long and hurtful month. It sucks when you see other coins pumping and BTC and ETH stays where it is but nothing hurts more than selling the coins you believe in to chase the coins that are pumping just to missed the pump of the coins you believe in. (been there done that) + +Lets celebrate today and hope BTC and ETH can find footing above previous ATH. To infinity and beyond!! +You guys have convinced me, I’m ready to buy some shares. Never done it before and don’t know how to. + +What app/service do you guys suggest for buying them and what other things should I watch out for? + +Very eager to learn and see what the future holds lol. + +I am in Europe btw if that makes a difference. + +No idea what to put as flair but hype is reflective of my current state. +(Side account because I write nosleep stories on my main and don't want it linked, yadda yadda) + +I know it's a small amount, but damn it feels good to be able to look at my savings account and not see a zero anymore! My next goal is $300, which I hope I'll be able to hit after my next two-three paychecks. + +I don't have words for how relieving it is to feel like I'm finally making progress after years of struggling. Here's hoping I can keep it growing! +I found £10 premium bond that a family member put down for me in April 1989. I’ve filled out a trace form for it and am waiting to hear back. + +I realise it’s luck of the draw but I put in into a Premium Bond calculator online that uses statistics £10 over 5 years (the highest amount of years this calculator would go) and it said my chances of winning are likely NOTHING - the average luck. + +I’m quite intrigued to see if there is even one win after all this time on just £10, or if the only thing to have happened is the £10 has lost on inflation 😅 +Bit of an odd topic for this subreddit but still curious about this in the context of building wealth. + +As you may know in lots of EU and Scandinavian nations, childcare is heavily subsidised by the state, but it doesn’t seem to be the case in the U.K. + +Does anyone here have a breakdown of what, on average, you can expect your costs to be if you’re raising a child for the first five years of its life? Curious to know both London and non London averages if possible. + +Basically, can you still build wealth, save money for the child’s university education AND prices them with relatively good quality care, clothing etc without having a £100,000 + salary? +My wife (F26) and I (M31) have just bought our first house together and while it’s been stressful at times, like waiting for our offer to be considered by the vendor, then waiting for our mortgage to be approved, it’s all been a positive experience. + +However, I never even considered taking a mortgage with Barclays and this is why. + +This is more of a rant about my own personal experience with Barclays when I was younger, but I feel it's relevant. + +———————————————————————————————————— + +When I was 16 (Circa 2006), I started an apprenticeship at an IT company which paid me £80 a week plus travel expenses. The first weekend after I started, I went to my local Barclays branch and opened my first proper bank account (I’d previously had an NS&I ‘Post Office’ account when I was a child). + +I didn’t choose Barclays for any particular reason. Their branch had been newly refurbished and looked modern so maybe that was a deciding factor to 16-year-old me. + +The staff were polite and helpful and opened an under-19’s account for me which had no fees, no overdraft and a debit card which I could use at cash machines, online and in shops. + +I never had a problem with it. For over a year, my apprenticeship wages went in, I bought my lunch and train tickets with it, and went out at the weekend with my girlfriend and bought CDs, clothes, etc. + +A couple of days after my 18th birthday in late 2007, I received a call from my local Barclays branch inviting me in for an ‘Account Review’ meeting. I agreed and went in that Saturday. + +I was taken into a small glass office opposite the counters. The staff member explained to me that now I was 18, I could ‘upgrade’ my account from an under-19s account to a regular adult current account. I was told that this would ‘enable’ me to have an overdraft, apply for a credit card, have a cheque book and over time build up a credit file. + +I wasn’t sure and said I’d like to go home and think about it - maybe discuss it with my parents - but immediately she brought in another member of staff who went over the benefits again. + +The second member of staff then told me that if I paid £10 a month for the 'Current Account Plus' (I’ve forgotten the exact name of it) that would give me a free £100 overdraft, AA breakdown cover, ‘room insurance’ (Which never would've covered me for anything because I still lived at home), international money transfers etc. - all of which I had no real use for apart from maybe the £100 overdraft. + +I explained that I didn’t have a car, but this was quickly dismissed with + +**“It doesn’t matter, if you’re in your mate's car and he breaks down, your AA cover will help him too!”** + +Still unsure, I said I’d like to think about it. He then told me that if I signed up today, he’d give me the first month for free and that way if my parents said it wasn’t a good idea, I could cancel it within a month and it wouldn’t cost me anything. + +I agreed, reluctantly because of pressure-selling, and signed up. + +I completed the forms, which I was given a copy of, and a few days later a new debit card and cheque book arrived in the post. + +Later that month, I bought a couple of Xbox 360 games that I wanted. Now I knew that I might not have enough in my account, but I had the £100 overdraft that I’d been signed up to. Also, I was no longer an apprentice and so my monthly wages were due a few days later, so to me, it wouldn’t do any harm by buying them today and then letting £50 of my wages pay off my overdraft. + +So I bought the games, and also bought lunch for me and my girlfriend, along with a few other small transactions (a magazine in WH Smith, a can of drink in Tesco, etc…) + +Payday came a few days later and when I checked my balance at the cash machine, something didn’t quite add up. I knew how much I was due to be paid, and I knew that I’d only spent about £75 of my overdraft. + +But my account had about £100 less than it should. I didn’t have internet banking, and this was before mobile banking, so I went into Barclays and asked to see my transactions. + +For some reason, every transaction since (and including) the Xbox games I bought had**“Account fee - £10”** immediately afterwards. + +These fees added up to a total of £90 for 9 transactions. Some of the purchases were for less than £1. + +I asked to speak to someone and so they sat me down at a desk and explained to me that because I had insufficient funds in my account, they were charging me £10 for every transaction. I told them I had been given a £100 overdraft just a couple of weeks earlier, but I was told that while I was a current account plus customer, I had no overdraft. + +At the time I thought this was a simple mistake on their part; they had forgotten to add it on. + +How wrong I was. + +I was told that the overdraft, which came with the account, was subject to a credit check and I didn’t qualify for the overdraft. This wasn’t because I had a ‘bad’ credit rating; I’d never had credit before in my life. + +I told them that I never received a letter to tell me this and I was told I wouldn’t have received one - I’d only receive a letter confirming my overdraft if it was successful. + +I asked why they didn’t just decline the transactions as they did before when I had an under-19s account and I was told some scripted story that they don’t check the account balance when I make a transaction as it’s my responsibility to make sure I have the correct funds in my account; in fact, I should be grateful that Barclays allowed the transactions to go through because at least I was able to ***checks the screen*** spend £49.98 in GAME. + +I was confused and worried because £90 was a lot of money for me at 18. + +I asked if the bank would refund the charges as this was a simple misunderstanding about this overdraft I thought I was paying £10 a month to use. Before I’d even finished talking she just smiled and started shaking her head. I remember her reply as clear today… + +**“You’ll just have to learn to be more careful next time.”** + +I left the bank feeling sick. I felt as if I’d just lost my wallet with £90 inside, but I knew who’d taken it and they wouldn’t give it back. £90 is a lot of money when you only earn minimum wage at £5.52 an hour. + +When I got home, I started looking at other accounts online and decided the next day that I’d open one with Nationwide. + +With Nationwide, there was no hard sell and they confirmed that if I didn’t have an overdraft and I had insufficient funds, the transaction would be declined. The only thing I’d be charged for were failed direct debits and ‘bounced’ cheques. + +I transferred my remaining funds to my Nationwide account a few days later once the card arrived and then closed my Barclays account, to which they didn’t protest or make any attempt to persuade me to stay. + +———————————————————————————————————— + +Imagine if this had been different. + +If almost 14 years ago, Barclays had been understanding and said that although I hadn’t been given the overdraft that was so heavily sold to me, and they had refunded me my £90, that would’ve left me with a life-long positive opinion of them of being fair and reasonable. + +This means that I would have chosen to keep my Barclays Current Account, and among many other things, applied for a mortgage with them 14 years later. + +But instead, their contemptuous behaviour and lack of support for a young person who simply agreed to upgrade a current account - which was their suggestion to start with - meant that instead of earning a \~£1,000 product fee, plus mortgage interest for at least 3 years (fixed-term) which will amount to about £20,000 - they made just £90 and alienated two customers for life; my wife certainly doesn’t want to open a Barclays account either! + +I'm aware that a few people will agree that Barclays were right to charge me £90, but this isn't so much about the fine print and bank charges, as it is about building and maintaining trust with customers - even if they are just an 18-year old earning minimum wage. +That Solution 30 story is mind-blowing. Money laundering using car purchases (Ferraris and Porsches), CEO deletes 6 months of email, Deloitte and EY allegedly not looking where they should. Stock symbol is S30.PA (Paris exchange). + +Carson Block interview with Zonebourse (in english): Enjoy: [https://www.youtube.com/watch?v=BP1T5HLkd-s](https://www.youtube.com/watch?v=BP1T5HLkd-s) (YouTube) + +Let that be a solid reminder that CEOs lie, accounting companies are not reliable (they want business) and that if you invest in a small-cap stock going parabolic, you need to use a trailing stop loss. +In 2013 - 2017, volatility was often at record lows, like 12% or even as low as 9% sometimes. This year, it's been 30%+ and steady. + +If you traded options the theta gang way in 2013 - 2017, how was your % return on an annual basis and how does it compare to 2020? In 2020 the premiums were \~3x higher or more, but the buying power reduction was also greater. +I am dictating this on my phone as I drive home, so please excuse any weird burbage. + +Even though you happen to watch the movie about 2008, Dr Burry is not your friend. Just because he happened to capitalize off of the stupidity of others in his field, he is still very much a part of that industry. Remember that in the wild a shark will have no problems eating another shark. + +Any sort of significant disruption that GameStop may cause could at least indirectly harm his bottom line. Recognizing this you understand that he is probably not a fan of our cause. + +He may be motivated to discourage us from our Buy and Hodl directive. Keep that in mind as you read his tweets before he deletes them. + +Please stop with the baseless idolization of people even remotely involved with this. It is not healthy for you, and you may find yourself disappointed when they turn out to be not what you thought they were. +*TLDR: Expect blackouts during the squeeze, nothing changes, just HOLD.* + +* **Edit 1**: Go give @RedChessQueen99 @rensole and @Warden_Elite a follow on twitter. Whilst I say not to put people on pedestals, as the mods of this subreddit I believe they'll at the least be able to point us in the right direction if the sub goes dark. Warden will be streaming over at [his Youtube channel](https://www.youtube.com/channel/UCZDDUjJl54h9UidiwVotM_g) during the MOASS too. As always, take it all in with a pinch of salt. +_______ + +* **Edit 2**: I am not saying the MOASS is coming this week, I'm saying that when it does, it'll be one of the most insane weeks of your life, as the squeeze will last that long at the very least. +_______ + +* **Edit 3**: Thank you /u/patamons for the kind words, a gentle reminder for ALL apes! + +> "*Please make sure that you are taking care of yourselves throughout all of this and if necessary, use this time to make the preparations to do so. This is going to be very emotionally intensive and you may become fatigued by how long this will last. +> Make sure you eat healthy, get enough sleep, and get some sunlight/Vitamin D and some exercise to calm your nerves if you are able. Write those things down. Schedule them out if you have to, just like you should write down your exit strategy. Right now, practice some deep breathing, meditation, and mindfulness if you think it will help. It’s important to do everything you can to make sure you’re prepared.* + +* **Edit 4**: A lot of you have been asking for a Discord link and I've now been given permission by WardenElite to post an invite to [his Discord](https://discord.gg/aC2pZeYM) - I'm aware there are others but from what I know the GME Discord was pretty much compromised alongside it's subreddit. Go join us in Warden's if you like! + +_______ + +I'm sure a lot of other apes here will agree with me when I say something's in the air this week. We don't set dates here, but I'd be very surprised if we didn't see some larger movement in the next few days (yes this can mean downward movement too, bring it on!). We most likely won't see the MOASS all too soon but in the off chance... I figured I'd write this post now while I can. The volume's dried up like crazy, "Hedgefunds are selling at an extreme level", Reddit's started going down. etc. etc. There's A LOT happening in such a short amount of time, those three are probably the three least important factors too, which is amazing. But, on that last note. Reddit did go down yesterday, which makes me want to write a quick post on how to prepare yourself for when this shit finally fucking booms. + +If Reddit going down scared you, then I'm afraid it's only going to be worse when the actual MOASS happens. I'm pretty confident that most of us by now have such heavy diamond balls, this is actually the main reason the rocket hasn't been able to take off. But when the day comes, shit will get nasty. + +If this site doesn't get attacked during the MOASS it's likely it will be so stressed from the amount of people FOMO'ing in that it'll crash anyway. Expect to be in the dark when this shit happens. It's almost certain we won't be able to communicate here and even if we can, it'll be within an absolute sea of shills. Expect pure psychological warfare, you won't know right from wrong anymore. + +Don't jump onto Youtube for advice when the MOASS kicks off either, we don't know that people like Bruce, AndrewMoMoney etc. aren't paid shills. I mean, the fact they love subscribers and donations so much is an obvious sign they could be bought out, right? Don't put anyone on pedestals at all, no matter how sweet you think they might be. Money can make people weird. + +Discord's might go down too, either way the shills will be out in full force. It's going feel like you're totally on your own, that's how the HF's will want you to feel. But you won't be. Millions of us across the planet will be holding with our diamond balls alongside you. This short squeeze is is going to last days on end so you do not need to worry about missing out if you hold shares. If it goes up to $1k and back down within 24 hours, it's not the MOASS - Mainstream media is going to try and convince you otherwise though. So expect a fake short squeeze, this will be the true test of your diamond hands. The largest spike will not be the first one. + +We've spent months and months reading some of the most beautiful DD ever, looking at pure shit tier memes, supporting each other and helping each other learn about the stock. Why? Because we fucking love the stock. Have we done all of this to sell a single share on the way up and for anything under $1k? Hell, $100k? Fuck no have we. We've been waiting for what feels like forever, the floor is in the millions now, but it's coming; we can all feel it. All you need to do is the same damn shit you've been doing since you bought your first share. Just HODL, it'll be hard when you see the stock rocketing into the hundreds of thousands but you can do it. + +I love each and every one of you smooth brain retards and I'm truly going to miss you all once this finally pops off. + +It's been an amazing journey, thank you. +______________ + +*If anyone has any more things to add, feel free to let me know in the comments and I'll add them here.* +At this point, I don't care if God himself came to me and said that TSLA isn't overpriced. No stock that isn't in a bubble has its price double in like a month. And before all the Elon fanboys downvoting this and telling me that "Aktshully TSLA has incredible upside potential for the future and they're leading in the industry" I know it has, but in my eyes, it's like its already priced in and btw Elon himself said the stock was overpriced WHEN IT WAS AT 420$! and don't get me started on the market cap compared to other carmakers like Toyota or Volkswagen. I'm gonna put a remind me in the comments and we can see how it goes. +for context, let's say the trader has years' worth of experience and a prospering track record. I'm guessing after a certain period he would diversify his portfolio both long and short. But would he actually go YOLO on something one day and lose it all? And even if he doesn't go YOLO, is there still a chance that he would suddenly become a loser and quit trading for good? + +I mean does this happen frequently? Like what are the chances you will go totally bust even after reaching a significant milestone? +45, married, no kids. About $6M NW not including main residence, which is paid off. I've got a good job in a VHCOL area that is fine, not exciting, and I could do it indefinitely. + +The question is, why? We are spending \~$130k/yr, which if I use some calculators like [https://calculator.ficalc.app/](https://calculator.ficalc.app/) and some others, it seems that withdrawal amount is totally reasonable, even for a very long time horizon. Talking to my financial guys, they have a much more conservative model, and give an 80% success rate today, and >90% if we work 3 more years. + +Who should I believe? I don't NEED to pull the trigger now, but I admit, I read Die With Zero recently. Working for a few more years so I can die with some more millions seems like a total waste of time. I have activities and hobbies I can throw myself into if I don't have the 9-5, and even make a little bit of money (not enough to make a difference either way). I admit I'm biased in favor of getting out. + +How should I structure my thinking in order to make this decision? +Hello apes/retards, + +I'd like to provide an [update to my previous post](https://old.reddit.com/r/Superstonk/comments/mp7zbn/blackrock_is_about_to_delete_shitadel_out_of/) which outlines the possibility that BlackRock is in the process of deleting Shitadel out of existence. As of this morning, [FINRA has reported no major material changes](https://i.imgur.com/pzxjUR8.png) to its list of major institutional shareholders. However, it maintains the position of *BlackRock Fund Advisors* at & around 14 million shares. + +For the past few weeks, I've been periodically reviewing the [SEC's page on BlackRock's subsidiary firm](https://sec.report/CIK/0001006249) in the hopes that a 13G or 13F would pop up indicating of the change in ownership. However, I've been unable to locate any such publication. Additionally, I've been reviewing some of its holdings in order to better understand how BlackRock structures & files its security purchases/sales via ETFs held by said affiliate. For example, [IJR is a GME-holding ETF](https://finance.yahoo.com/quote/IJR/holdings?p=IJR) of which [BlackRock Fund Advisors](https://fintel.io/i/blackrock-fund-advisors) owns a portion of. + +My understanding of the situation thus far, (please correct me if any of this detail is inaccurate), is that BlackRock Fund Advisors is a holding firm for BlackRock Inc that maintains positions in ETFs/MFs/IFs/Bonds, of which is managed directly or indirectly via BlackRock Inc and/or any of its affiliates. If & when an ETF managed by BlackRock changes its position in a security like GME, said position change would be recorded & published by BlackRock Inc via an SC-13G, (as BFA defers equity management to BlackRock Inc via 13F-NTs). However, said change in ownership would be captured & published differently in FINRAs Major Shareholder section, (as its BFA that is the parent company with majority ownership in ETFs which own stake in GME). + +This discrepancy in equity ownership would explain why 13Gs aren't being filed by BFA, but why it remains present on FINRAs Major Shareholder list. Now, some of you may be skeptical of FINRA/MorningStar and its data, but it seems to be accurate, (at least from our understanding of its function in aggregating and calculating position changes via forms filed by said affiliates and the SEC). Additionally, FINRA/MorningStar would be committing *insane levels of fraud* if said data were wholly inaccurate. Again, **said data must have some level of verifiability; otherwise, every financial law firm would collectively sue them into oblivion for mis-representing positions held by major corporations and funds**. Suffice to say, there is an argument to be made in the thesis that BlackRock Fund Advisors indirectly owns a portion of GME via its partial ownership in ETFs managed by BlackRock Inc. + +This would mean that BlackRock owns 9 million shares of GME via its grandparent company BlackRock Inc, yet it also owns another 14 million shares via its ETFs which are represented by BlackRock Fund Advisor's position in FINRA, (or an approximation of share ownership by its subsidiaries vs ETF ownership between said affiliates). Remember also that we've been tracking the # of borrowable ETF shares, and that average fluctuates in the millions on a daily/weekly basis. Those shares can only come from a specific collection of ETFs of which BlackRock/Vanguard have a majority ownership in. Additionally, only a major firm with full ownership of its ETFs would be able to dictate low interest rates for such high volumes in borrowable ETF shares. + +It could be that BlackRock or Vanguard are lending shares out via its ETFs on low interest because they are aware that GME is undervalued and overshorted. They intended for said shares to be borrowed by SHFs to continue its FTD cycle, and in an attempt to increase the SI% by having itself/competing longwhales/retail buy the synthetics. BlackRock/Vanguard ETFs would then buy more synthetics and continue this cycle over and over. Maybe BlackRock was only lending shares from its ETFs and never intended for said ETFs to vote during the meeting, and subsequently never recalled those shares. Yet. + +TLDR: BlackRock & friends are driving this clown car around the block and are ready to fuck Shitadel & those dumbass shithead SHFs harder than ever before. + +*Obligatory this is not financial advice and do your own research before you come after me fuckers* + +Edit: Removing the P.S. because it's in bad taste. Let's remain positive and focus on aggregating quality data! +FYI I'm not gatekeeping investing i think its great new people are starting + +I'm sure its already obvious but have you guys seen Instagram comments and the sentiment on social media? Theres a huge influx of people saying shit like 'How do you buy a stock it looks so fun' and 'someone teach me this investing shit'. Not to mention all the people saying 'Guys i did the math even if he bought the bottom DFV couldnt turn 50k into 20M'. + +This sub is already up a huge amount recently and it seems that retail trading is gonna become more and more mainstream and less for gambling retards like us. GME has really stylised trading and even people who dont know what a share is are making tons. Luckily unlike WSB this sub is still small enough that you can sort by new so Im not saying this sub is any different. + +I just wanna hear some thoughts about the future of trading cause all I fucking see on social media is people tryna get into it. +This week's casual valuation is Duolingo, a company that's very close to my heart offering a great language learning experience that is universally available. I am a huge proponent of free knowledge and I try to contribute to that as much as I can. All of these posts that I share weekly are free (and will continue to be that way). I strongly believe knowledge should be easily accessible to everyone. + + + +The post will be divided into a few segments: + +1. Understanding the business +2. Understanding the historical financial performance +3. Laying down some assumptions to value the company +4. Valuing the company based on assumptions significantly different than mine + +**What is Duolingo?** + +It's a technology company that wants to develop the best education in the world. At the moment, a more accurate description would be that it is a gamified language-learning platform offering over 40 different languages. What will come next, is to be seen. We could see mathematics, physics, and a lot more diversified content in the future. + +As for the language-learning part, they are not alone in this field. There are plenty of ways to learn a new language, starting from YouTube, attending formal classes with tutors, to reading books and other similar apps. So, how is Duolingo different? + +It's more personalized and provides a different and more fun user experience that guides the user through this journey. The user is not only engaged but also gets instant feedback. As a user, whether you've got it right or wrong, you are aware of it and can take action. + +As a company, it has a significant amount of data that it can use to test and figure out what works and why. Similarly, the data can be used to understand what mistakes are most often made and help the users overcome these mistakes. + +So, how does it make money? There are 4 different revenue sources: + +\- Subscription (74%) - Those users that would like an ad-free experience can subscribe to their platform and get other features as well. This is by far their largest revenue source + +\- Advertising (15%) - Users that cannot afford or aren't willing to pay for the content watch advertisements. They do not pay money, but they do pay with their time. Duolingo is monetizing these users as well which is great. Dropbox has a ton of free users as well, however, they don't earn anything from them as there are no ads. In addition, they need to pay for the storage, so the free users that Dropbox has, are destroying value over time. + +\- DET (9%) - It stands for Duolingo English Tests - an English proficiency assessment and it is their fastest growing segment at this moment. This is being more and more accepted by universities, but also can be used as part of a resume/CV for those who would like to show their proficiency. In addition, it costs roughly 1/4 of what their competitors charge. + +\- In-app purchases (2%) - related to additional features such as streak freeze/repairs, etc. + +&#x200B; + +In each of these segments, Duolingo has growth plans. In the end, it all comes down to: + +\- Getting more users + +\- Converting more users from free to paid + +\- Increasing the lifetime value of the subscribers (by keeping them subscribed for a longer period of time) + +\- Expand adoption of DET + +\- Extend the platform beyond language learning + +&#x200B; + +**Historical financial performance** + +So, how well did they do until now? + +The # of monthly active users grew from **27.3m** back in 2019 to **49.5m** as of June 30th, 2022. + +The # of daily active users grew from **5.2m** to **13.2m** for the same period. + +The # of paid users grew from **0.9m** to **3.3m**. + +Their penetration rate (Paid users / monthly active users) increased from **3.3%** to **6.7%**! + +&#x200B; + +This growth reflects in their financials, as the revenue grew from $71m in 2019 to $306m for the last twelve months ("LTM") ending June 30th, 2022. The LTM revenue is still roughly 10% of their market cap. + +Their gross margin grew from 71% to 73% during this period, but isn't sufficient yet to cover all the other operating expenses: + +\- Research & Development (was **45%** of revenue back in 2019 --> **40%** LTM) + +\- Sales & Marketing (was **21%** of revenue back in 2019 --> **20%** LTM) + +\- General & Administrative (was **23%** back in 2019 --> **37%** LTM) + +It is clear that the company isn't profitable, but the general & administrative seems too high. That's mainly due to IPO-related expenses. It will decrease as % of revenue in the coming period. + +As they are working on diversifying content away from languages, they are pouring a lot of money into R&D. All of the expenses are expected to decrease significantly over time. + +&#x200B; + +**The balance sheet** + +As it is a technology company, there isn't really much on the balance sheet. Almost 85% of their entire balance sheet ($591m / $701m) represents the cash that they own. + +On the other side of the balance sheet, there isn't much to discuss, except the unearned revenue of $128m. This represents the cash that Duolingo has received from users that have paid in advance for using the platform in the future. For example, if someone purchases an annual plan today, Duolingo will get the cash today, but the service will be provided over the next 12 months. Hence, the company does not recognize the revenue today, but over time. + +&#x200B; + +**Assumptions about the future & valuation** + + My assumptions: + +**- Revenue growth** of 25% for the next 5 years, then declining to 10% by year 10 and then to 4% afterward (same as the risk-free rate). + +**- Operating margin** of -20% for the next year, improving to -5% in year 5 and ultimately to 25%. + +**- A discount rate of 12.92%** (WACC-based), decreasing to 11.31% over time (assuming the company becomes more mature and hence, less risky) + +&#x200B; + +There are two classes of share, each one with a different number of voting rights. Since this has an impact on the control of the company coming from owning these shares, I've applied a 15% discount for lack of control. + +Based on these assumptions, the fair value is $1,5b **($37.45/share)** + +The current market cap is $3,1b ($78.31/share) + +&#x200B; + +However, out of the $1,5b, only $72m is due to the present value of the cash flows in the next 10 years! The majority is based on the value that the company generates afterward as a stable, mature, profitable company with more users and diversified content. + +Hence, the fact that it is trading below what I consider intrinsic value is justified to some extent. Duolingo has a long way to profitability and it has to prove that it can succeed in other areas, not-related to language learning. + +&#x200B; + + **What if my assumptions are significantly wrong?** + +&#x200B; + +Based on the assumptions above, the revenue will grow by 539% to $2b in 10 years and the operating margin will be 25%. + +I am aware that my assumptions could be significantly wrong. So, let's take a look at how the value of the company (per share) will change based on different assumptions regarding the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|350% ($1,4b)|$20.5|$26.0|$31.1| +|539% ($2,0b)|$29.7|$37.5|$44.7| +|650% ($2,3b)|$35.1|$44.1|$52.6| +|1000% ($3,4b)|$51.9|$65.2|$77.0| + +&#x200B; + +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? +⚡️⚡️⚡️PIKA CRYPTO ⚡️⚡️ ⚡️ + +THE FUTURE OF MEMECOINS & THE NEXT BILLION-DOLLAR CRYPTO + + +#GAMEFI #PIKA + + +Hey everyone! I want to share with you the ONLY crypto that has actually turned out to be legit in this whole memecoin fiasco. I've been in a lot of coins over the past few months, but with PIKA I share a special bond. Let me explain why. I joined in March when it was PIKACHU, I joined for the same reason we all do, for quick gains, but it turned out to be very different than I expected. + + +The dev team that took over decided to rebrand to PIKA because the previous coin had nothing going for it. The team paid and created new contracts (PIKA) with amazing tokenomics and to also stay safe from copyright issues. This was the first sign of REAL leadership. It turned out to be the best decision to ever be made, from a small meme coin, their vision had been transformed into an actual project with a real use case. + + +We did have some turbulence during the change, we did have the naysayers who kept asking why we were holding back the listings, the marketing, the new website, the AWESOME graphics. But now we are ready to unleash our full forced marketing, our exchange listings....and much more! + + + + + + +Below are some points that show you our future steps : + + +⚡️Doxxed President and other members following soon! * INTERVIEW WITH PIKA PRESIDENT REECE: https://www.youtube.com/watch?v=lOkE-XOfYo8&t=2511s + + +⚡️NFT trading card game + + +⚡️ Deflationary Tokenomics + + +⚡️ 3 tiered token system, PIKA, THUNDER & RAI + + +⚡️HUGE marketing push! + + +⚡️ Evolutionary staking now LIVE + + +⚡️XT exchange listing on June 1st (Large exchange in China)⚡️CoinTiger listing on June 8th (Exchange based in Singapore) + + +WEBSITE: + + +https://www.pikacrypto.com/ + + +📖 A little description of the project:🚀🚀 PIKA is the newest gem, its ecosystem has NEVER been done before. Sitting at only a 5M market cap, 2900 holders, with SO much room to grow!! 🚀🚀 + + +⚡️⚡️On May 19th, PIKACHU officially transformed into the legendary PIKA ⚡️⚡️ + + +🔥 Deflationary tokenomics!🎯 5Trillion burnt upon launch🚀 2.25% BURN on every Transaction + + +🃏 NFT trading card game with world-renowned gaming studio in the pipeline, Virtuos studios! + + +✨ 3 tiered token system! + + +🧬 Evolutionary staking! + + +✔️ Amazing Community of over 6800 Telegram members! Maximum meme power and very helpful members. + + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + + +#PIONEERSOFGAMEFI + + +PIKA = [http://buypikacrypto.com/] +Etherscan = https://etherscan.io/token/0xa682ee16b497afceedf47e4820fc2af3845fd2d2 + + +THUNDER = [http://buythundercrypto.com/] +Etherscan = https://etherscan.io/token/0x43a89815f33747edbecc588d6bb7e1c10dda5599 + + +Telegram: [https://t.me/pikatokenofficial] + + +Twitter: [https://twitter.com/PikaCrypto_] + + +Discord :[https://discord.gg/fgTePEAc74] + + +TikTok : [@pika.crypto] + + +Instagram : [pikacrypto] + + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + + +#PIKA #Gamefi #ETH #Crypto #altcoins #memecoins +Long story short, my salary has ballooned from $600k to $1.3mm over the past 3 years. NW $4.5mm. I’m 41 and have a wife and a 15-month old. + +I’ve always been proud of being financially savvy and on the more frugal side. Over time, our annual spend has crept up to about $240k a year. Mostly due to $100k/year mortgage, house upkeep, RE taxes… and caring for our little guy. We drive a Mazda CX5 and a Jeep Liberty. Wife doesn’t own designer clothes and I certainly don’t. We also have an issue with spending too much on food I think ($2-3k/month) which I’m working on. + +In essence, I’m struggling between tihe push-pull of being disciplined to a tighter budget … we clearly have some fat to trim on unnecessary items. And being okay with spending money. I work tons, am exhausted from taking care of our kid and if I had more energy would love to try and be more savvy with our income. + +I’m legit more impressed by people who live cool lives while pinching an occasional penny, than any culture of excess and wealth. + +And yet, I see friends who make far less than I do dropping cash left and right on the nicest hotels, cars, designer clothes. And SOMETIMES wish I could do that too. But I truly can’t get okay with spending $900-1000/nt at a Four Seasons these days. (wtf is going on with hotel prices?) + +Growing up, my father was a psycho about money. Never a high earner (never over $100k) but managed to save many millions. It was instilled in me that it’s a virtue to not spend money, even if you have it. And on one hand I admire him so much, and on the other I occasionally want to drop some major dough. + +I do have a goal of retiring in 9 years so that’s a major consideration too. + +Have any of you gone through something similar? I’m almost embarrassed to share this… talk about champagne problems. But it’s really messing with me. +As stated in the title, we are looking to buy a starter home. Eventually, we would like to purchase land and build ourselves a forever home. We are having arguments on how best to approach this because we have a couple of options. + +Option 1. We buy a low-priced home, live and pay off as much as possible then move and rent it after 3 years. Then we use that passive income to start paying for the land and then it could help pay for our build. So once the forever home is complete we move in and now we have 2 rental properties helping financially. + +Option 2. We buy the starter home, save for a piece of land first then get a loan for the forever home. Once that is built we would rent out the starter home and maybe get more. + +Some of our goals are to bring generational wealth to our family, built a custom forever home, and be financially stable while doing this. So with all that said, would a Financial Planner help us decide which route is better. Do you have any advice? We want to ensure we are setting ourselves up for financial stability. + +&#x200B; + +**Update**: Thank you everyone for the advice. I did want to add that we could stay living with his mother but we are choosing not to because it's hard on our relationship. We are giving it the rest of this year but we are working hard to get things ready to move out. +My dad is 74 and on social security. He is nearly broke and after his rent, bills, meds, etc he is at around a $400-500 monthly deficit. He lives very humbly but his social security is only $1250. His apartment is a one-bedroom for $839 (very hard to find much cheaper). + +Ive taken over his cell phone bill, renegotiated his car insurance and cable bill, and cancelled some stupid subscriptions. Medication costs keep rising and we have made all sorts of cost-cutting measures including using less convenient meds (ie those that have to be taken more often vs more expensive extended release) And use goodrx, coupons for groceries etc. + +My question is are there any services where the government will make up for the difference in his living expenses? Or ways to at least get his medication covered, which is over several hundred per month? Any and all advice appreciated. + +Edit: So much great advice I really appreciate it! On Monday I am going to help him apply for Medicaid & extra-help, SNAP, as well as inquire into HUD, Low-income subsidy, etc. + +I am also going to look to Social Security administration and various government sponsored help for older people. + +I did some research thanks to redditor advice and found that I should be able to drastically reduce his phone/electric/cable and internet via various programs like Lifeline and directly with utilities. + +Thank you all so much hopefully this thread helps others in a similar situation. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Things I learned: + +* its a fun hobby but a shitty job, there is a lot of operational work to keep things running and performing. + +* Not a single algo is the magic one. Most algos which run consistently make a small profit, but transaction costs, slippage and spread kills your backtest results when you use them in a real market. The skill is still in identifying the type of market for your timeframe. Best practice is to identify the trend in a bigger timeframe, and execute your algo on a smaller timeframe. + +* Every little variable changes the outcome of your strategy, there are many more variables than you are aware of. Just the difference between having a fixed amount or the same amount as a % will make a huge different after >1000 trades. Every little variable is important + +* Backtesting is flawed because you dont have all the data and cant look inside the candle/timeframe you are analysing. Forward testing is better, but putting some money on it in the real market is best. + +* Its very doable to create your own system for little costs. all my costs are less than 100 dollar per month which gives me 1 second execution time in a 0 fee market with loads of liquidity, which is more that fine for smaller timeframes like 15m or even 1 minute charts. I can create any strategy I want based on any TA I program and/or any api with fundamental data. My only costs are data and the server. It takes a long time to learn how to full stack develop your own system, but its worth it just for the costs and flexibility. + +* in 2022 there is so much data available that professional firms have no real advantage over you anymore in markets like crypto. + +* 4 hour and daily chart is most profitable for me, weekly chart is king in identifying the current market. + +* Transaction costs, slippage and spread will kill you. Your most important task is to get your operational costs as low as possible. Your second most important task is to lower your latency under 10 seconds if you want to make short term trades. 4 hour and above your can go up to a minute but most algos tend to buy/sell on moments where markets are very volatile so even a few seconds delay can change variables like price and momentum and you are not running the algo you backtested anymore. + +* Its a videogame and that is how you need to approach it. +I (26F) make 115k a year and live in Boston. I have 60k left on my student loans. 40k of those are at about 7% interest, and the remaining 20k has 4-5%. I have 40k in my savings that I've been planning to throw at them come January 2021 when payments resume. + +My question is this: should I use that 40k for a down payment on a house, or should I continue as I have been on knocking out my loans? + +I live with a few other people, so my rent is <1000. In the past I've been putting 3k a month toward my loans, but I'm now going to start putting 1k toward loans and 2k towards a down payment. Living with four other people is causing me a headache, however, and I'm at the point where I just want to move out. The thing is, getting a studio is about 2k, and with a broker's fee, deposits, etc., it'd cost me around 6-8k just to rent another place solo. That's why I've decided to either buy next September or consider using that 40k for a down payment now and then make a monthly loan payment. The latter doesn't seem feasible, but I wanted to hear others' advice. + +Edit: I'm 28. I had 26k in my head because I was multi tasking when typing and that's the amount I have saved for my emergency fund. +My very-late-60s mom has 100k sitting in a checking account (info below). + +*What can she do to grow this in the next 3-5 years?* + +I’d think of a 60-40 portfolio if she were younger, but she is well past rmd age for tax advantaged accounts so ????? +— +More Background: +No ira, no 401k, no pension. Modest social security. U.S. citizen in high COL state. + +She earns under 40k year as a server. She likes work, but has health issues. + +This is her life’s savings, mostly from dads life insurance. She has an emergency fund, and house paid off in 3 years. + +She is a bit risk averse, but hopes to do better than inflation. She wants set-and-forget and does not need to access the funds. + +She expects to downsize when she retires, so the question is what can she do with the money now. +— +P.s. She has always refused to discuss finances, but recently became worried about inflation. She also realized she cannot work forever after being injured at her job. +— +Any help is much appreciated. + +Edit: +Thank you all for the ideas! Here is what I am currently thinking… + +1. Budgeting: i will discuss a budget and realistic yield +2. I-bonds: Makes sense given rates +3. Consider Paying off mortgage: I will show her the estimated savings +4. Put the remainder in an acct earning *something* +5. check social security +6. Try to get her to speak to a fee only advisor, who may be helpful (I will offer to pay) + +Re: Questions +- I do not know the exact equity in the house +- she does not want to move yet, and likes working, but plans to downsize +- She has family who would be happy to take her in, so she will not be destitute +Here is what I cover in the course. + +* Visualizing the life you want +* Delayed gratification +* Savings plan as a % of income +* Compound interest +* Stocks/Index funds +* Retirement accounts +* Employer matching +* When buying a house makes sense +* FIRE + +What else should I teach these 18 year old college students about money, investment, finance or wealth? + +EDIT: Lot of people are mentioning great things. I will compile them in a list here soon. Thanks! + + +Okay, folks had a lot to say, but here are the topics that were repeated most often that I think would fit in with what I am already teaching in the course: + + +Credit/credit cards/credit scores/good debt vs bad debt + + +Student loans. Some suggested to take no more than 1 years salary. + + +Emotional reactions to money (people borrowing money, sunk cost fallacy, keeping up with the Joneses, etc.) + + +Taxes/tax brackets + + + + + +&#x200B; + + + +https://www.cnbc.com/2019/01/03/goldman-sachs-says-apple-will-have-to-cut-2019-numbers.html + +* * * + +Shortly after Apple slashed its revenue guidance for the first quarter, Goldman Sachs said the iPhone maker will likely have to bring down numbers for the full year. As those results drop further, so will the company's shares, the firm said. + +"We see the potential for further downside to FY19 numbers depending on the trajectory of Chinese demand in early 2019," wrote Goldman's Rod Hall in a note to clients late Wednesday. + +The company sees first-quarter revenue of $84 billion vs. a previous guidance of a range of $89 billion and $93 billion. Analysts expected revenue of $91.3 billion for the period, according to the consensus estimate from FactSet. Apple blamed most of the revenue shortfall on a slowing economy in China in the second half. + +Apple shares dropped more than 9 percent to $143.70 in premarket trading after ending the first day of 2019 at $157.92. And Goldman's Hall slashed his 12-month forecast to $140 from $182. He also lowered his full-year 2019 revenue estimate by 6 percent to $253 billion and his full-year EPS estimate by 10 percent to $11.66. + +Nokia comparison +"We have been flagging China demand issues since late September and Apple's guidance cut confirms our view," wrote Hall. "We do not expect the situation to get better in March and would remain cautious on the region." + +But the analyst went further, comparing Apple to the fallen phone maker Nokia, which became reliant on customer upgrades in the face of a saturated market more than a decade ago. Customers delayed replacing their phones for longer and longer as economy slowed, Goldman notes. + +"Nokia saw rapid nexpansion of replacement rates in late 2007 that was well beyond what any linear forecast would have implied," wrote Hall. "Beyond China, we don't see strong evidence of a consumer slowdown heading into 2019 but we just flag to investors that we believe Apple's replacement rates are likely much more sensitive to the macro now that the company is approaching maximum market penetration for the iPhone." + +Goldman got to its new price target by applying just a 12 multiple to the firm's new earnings estimate. Its previous price-earnings ratio was 13.6. +I apologize that this is not really and truly about fatFIRE, although that might be one of the solutions to my problem. There are also enough senior FAANG employees on this sub that I hope for useful advice. + +I've been working at the same big tech company for years, but have moved around quite a bit internally. I've been promoted to (what I see) as probably my terminal level at the company (L7, individual contributor track, but managing a team of about 20). I'm very technical, but felt like I was totally at the mercy of leadership I didn't always believe in, which is why I got into management. Now, I'm still totally at the mercy of leadership I don't always believe in, but I deal with piles of silly politics and preparing painful "executive" presentations on top of the technical work. + +What do people do at this point? I'm not in a huge rush to make a change, but I think I need to eventually. I'm barely 40, and can't imagine doing this for the next 25 years. I don't have any illusions that a startup would be better. I don't mind working hard at something that feels meaningful, but do value work/life balance at this point (first kid is on the way). I don't see myself hanging out a shingle as an independent consultant. + +I could probably afford to RE (NW around $5M after recent market drop, and my lifestyle isn't extravagant), but I don't feel ready. I'd prefer to reclaim some enjoyment from my career, or even switch careers to something more gratifying. + + +Edit: My immediate boss is a kind and empathetic person, and I don't mind working for him, even if I don't think he always understands and appreciates what I do. But when I look around the larger organization, I don't see anyone who really inspires me, nor do I see anyone whose job I would want for myself in the future. +What state is the best for fatFIRE with a heavy tilt to economic considerations for living off your investments? Some obvious examples would be the following with *very* broad strokes just to get the conversation going: + +* Florida: No income tax, but it has high property taxes, and you live in Florida which, to be diplomatic, doesn't have the best reputation and can get oppressively hot/humid. But, it's by the ocean, which I consider a big plus and there are pockets where it doesn't seem as "crazy." One the other hand, the ground can [eat you](https://www.cnn.com/2013/03/01/us/florida-sinkhole/index.html) there. + +* Arizona: Relatively lower income tax rates ([for now](https://www.azcentral.com/story/news/politics/elections/2018/08/29/invest-education-tax-measure-kicked-off-november-ballot-redfored/1140338002/)), but in the desert, very hot in the summer, and does not have a meaningful urban city-center like some other states. +* Washinton: No income tax ([for now](https://www.seattletimes.com/seattle-news/politics/state-court-of-appeals-rules-seattles-wealth-tax-is-unconstitutional-but-gives-cities-new-leeway/)), but high gasoline, sales, and property taxes, and very high estate taxes. Also, the weather can be gorgeous during the summer, but cold and bleak the rest of the year. +* Wyoming: No income taxes, and gorgeous countryside, but isolated. +* Nevada: No income taxes, but high sales and other local taxes. Similar to Arizona, but flatter (although Lake Tahoe is nice). + +What are your thoughts? +Because why put in 6 - 10 years many crafts to master just to earn six-figure when you can just find an edge in trading. + +If that is true, then you must be smarter than these professionals because you found a shortcut to the good life. + +Ppl need to understand that you have to put in almost the same amount of work, except you have to teach yourself everything from scratch. + +As a matter of fact, it’s actually these same ppl in these types of roles that are successful in trading., because their proven successful track record in their professions can be transferred into trading as well. + +If you are having a trouble trading, go out and do something successful, then come back, you’ll have the right mindset by then. + +Successful traders have successful character and successful minds. +I’ve given up trying to tell people. + +My fucking room mate, WHO HAS A MASTERS IN FINANCE, walks up to me and goes “Dude, did you see the market today? The new covid strain is really fucking everything up.” + +I literally want to pull my hair out. I sent him some Marco Metzler posts because he only listens to “Accredited” People. + +I guess i shouldn’t be shocked, as this is the same dude who has held uber for 1.5 years now, in a FUDELITY account, waiting for Uber to bounce back. + +Not even him. My insanely intelligent father thinks i’m making a gamble. + +I’m done. Sent TDA a request to DRS the rest of my shares today. I can’t talk about this anyone anymore. It’s painful because everyone think i’m fucking crazy. +Ethereum and Bitcoin are mined by thousands upon thousands of miners all around the world. Anyone can mine Bitcoin or ethereum. + +*BNB is “mined” by just 17 validators that binance controls*. That’s less servers than a medium sized sized startup would have just for reference. Nobody is allowed to mine BNB. + +So instead of binance investing engineering resources and money into supporting the community and building layer2 solutions on ethereum, they copy pasted ethereum’s code, stuck it on 17 of their servers, called it cryptocurrency and then tricked users into using it by making their withdraw page confusing. **They chose to compete with ethereum instead of support it, even though we who love ethereum supported binance and made it into what it is today.** + +You should just know that if you use BNB that you are not supporting the community, and you are probably actually working against it. Because binance winning here is just the same as a centralized company coming in and cannibalizing the technology for profit. Exactly the same. +SCHD is a fine fund, and yes, it does produce more dividends than a total market fund. However, the downside to holding this fund in a taxable account has to do with tax efficiency. The "forced" income that the fund will produce each year is craved by some investors, and is considered undesirable by other investors. By being forced to recognize the dividend income each year on your tax return you're adding to the tax-drag of your taxable brokerage account. +So it seems like everyday or other day the market seems to slip a little more, and now im no longer doing a drip and want to hold that money to find some nice sales. Just wondering what other people are looking at while this market slides. Do i just look at dividend kings and put the money on one of those, or are there better prospects? +They basically said they are going on a intense probe of 11 companies and various current and ex executives tied to those companies who have been involved in corporate fraud (please correct me on figures if I’m wrong) This is what we wanted !! They said they were going after individuals no matter their level of privilege. They also said their probe will increase as the pandemic fades out. Also mentioned was the force multiplier with charges hmm + +Any other thoughts ? I’m sure I missed a bunch of details + +• The link to the video is here https://www.justice.gov/live (DEAD) + +• Backup YT link https://youtu.be/HZwLrlzRYho (WORKING) (glad it was saved because the above link has been nuked) + + + + >> Great write up by /u/thelookertoo +- “This DOJ announcement needs to be mandatory viewing for all apes in it’s entirety. Don’t just skim it. + +It’s the top post reply on this thread and a must read ! thanks again /u/thelookertoo + +https://reddit.com/r/Superstonk/comments/t5x60n/_/hz7tuza/?context=1 + +Edit: posting /u/thelookertoo ‘s post here: + +“”This DOJ announcement needs to be mandatory viewing for all apes in it’s entirety. Don’t just skim it. + +Here’s a few of my take aways for those that don’t want to watch or need a reason to: + +There was a long introduction which includes a resume highlighting convictions in terrorist attacks. Weird for an announcement on DOJ financial investigations….but not. They are directly tying corporate fraud to terrorism in my opinion. + +They make it CLEAR that they are not going to settle for fines. They’ve bolstered their teams and finances to go for the throat. A.G. Garland actually makes it clear that normally spending the time and effort on theses investigations isn’t cost effective so fines are the normal recourse. He says this is not an option in these current investigations. + +A.G. Garland makes it clear that they are not just going after the corporations. They want individuals, no matter how high up they are. He says this numerous times. + +A.G. Garland states that in order for any company to receive any form of “cooperators” status in an investigation, they MUST provide all information regarding the wrong doings of EVERYONE involved, regardless of their status in that organization. Essentially hand cuffing any company thinking about using a scapegoat strategy. “We’ll just tell them that A and B did this and get a lighter sentence as a cooperating corporation “. Well, guess what. If the DOJ has any information that C and D (well let’s make this more interesting… K and G) were involved, all cooperating deals are now redundant. It’s actually a huge chess play for the DOJ because they hold the ball here. Fck around and find out type of thing. + +A.G. Garland ties financial crime to national security interests. + +How does this all tie directly into GME (as if not already blatantly obvious). They are going after KG not just Citadel, as well as any other CEO and CFO etc and they aren’t looking at fines. They’re looking at criminal convictions. PREFECT! + +So, is this a big announcement on a day that GameStop is releasing Babylon’s Fall followed by Ryan’s Rescue Hero’s? Damn right it is. + +Thanks for posting this video OP!!! +🍁🦍”” + +Transcript of the speech : https://www.justice.gov/opa/speech/attorney-general-merrick-b-garland-delivers-remarks-aba-institute-white-collar-crime + 👅 TasteNFT 👅 + +Enjoy the TASTE. +A static liquidity protocol with a purpose. +Join our fast growing community empowering creators of exclusive NFT artwork with sensual Taste! + +The NFT marketplace release ETA is in the 3rd week of June 21. We also managed to get listed on CoinGecko within 12 hours after release, got the logo on PancakeSwap, Poocoin and Trust Wallet 14 hours after release, got our first CEX listing with Coinsbit within 5 days after release. + +💳 Contract: 0xdb238123939637d65a03e4b2b485650b4f9d91cb +💵 Buy on Pancake v2: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb) +🔒 Liquidity locked for 5 Years: [https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC) +🔒 Marketing wallet locked, unlocks 10% each week: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x9987605c8741d945098D7D6ba30bC41ACc1B821e&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x9987605c8741d945098D7D6ba30bC41ACc1B821e&type=tokenlock&chain=BSC) + +📣 LINKS: +➡️ Website: [https://tastenfts.com](https://tastenfts.com/) +➡️ Telegram: [https://t.me/TasteNFT](https://t.me/TasteNFT) +➡️ Medium article: [https://medium.com/@4383ab48c480/ad357e0f39c3](https://medium.com/@4383ab48c480/ad357e0f39c3?sk=) +➡️ CoinGecko: [https://www.coingecko.com/en/coins/tastenft](https://www.coingecko.com/en/coins/tastenft) +➡️ Reddit: [https://www.reddit.com/r/tastenft](https://www.reddit.com/r/tastenft) +➡️ Twitter: [https://twitter.com/tastenft](https://twitter.com/tastenft) +➡️ Instagram: [https://www.instagram.com/tastenft/](https://www.instagram.com/tastenft/) + +💎 ROADMAP 2021: +✅ Paid CERTIK audit ([https://www.certik.org/projects/taste](https://www.certik.org/projects/taste)) +✅ Paid TechRate audit done ([https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf)) +✅ CoinGecko Listing done +✅ Coinsbit Listing done +✅ Logo on PancakeSwap done +✅ Logo on Trust Wallet done +✅ Logo on Poo done +✅ First exclusive NFT airdrop for Nude Art started (participation rules in the TG group) +✅ Twitter giveaways with influencers (3 done, more to come) + +🟢 NFT Marketplace release (in progress, 3rd week of June 21) +🟢 iOS/Android Application to interact with the NFT marketplace (in progress) +🟢 CoinMarketCap listing (in progress) +🟢 [Gate.io](https://gate.io/) listing (in progress) +🟢 Cooperation with Crypto YouTubers (in progress) +🟢 Cooperation with Crypto TikTokers (in progress) +🟢 Cooperation with Crypto Instagrammers (in progress) + +✍️ TOKENOMICS: + +SUPPLY +1 Quadrillion TASTE tokens + +BURN +We burned 300 Trillion tokens before Presale + +TAXES +10% tax on all transactions with a redistribution of 5% to all holders and 5% towards liquidity + +MARKETING +52 Trillion tokens have been allocated towards Marketing and locked before Presale. 10% are released per week. + +PANKCAKESWAP LP +Locked for 5 years ([https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC)) + +Enjoy the TASTE! +>Tesla Inc. shares roared to a record high on the eve of their inclusion in the S&P 500, punctuating a 2020 rally that has propelled the electric-car maker into the ranks of the most-valuable U.S. companies. + +>Big swings in shares of the Fremont, Calif., company overshadowed a blah day for the broader market that saw the Dow industrials drop 124 points, or 0.4%, to 30179. Tesla trading was heavy throughout Friday before rising to a fever pitch in the last moments of the market day, when index funds that track the S&P began preparing to purchase billions of dollars worth of Tesla stock to match their holdings with the broad index. + +>Tesla shares soared in the morning before slumping in late-afternoon trading and trading in and out of the red throughout the last hour. They finished up $39.10, or 6% to $695, a closing record—some $40 a share above their last trade in the moments before the market-closing auction at Nasdaq. Traders had said the firm’s addition to the broad index raised the possibility of an epic squeeze as index funds scrambled to buy shares. + +>Investors who followed the up and down through the last chunk of the trading day suffered “a little bit of whiplash there,” said Mike Bailey, a director of research at FBB Capital + +https://www.wsj.com/articles/tesla-shares-hit-record-after-last-minute-surge-ahead-of-s-p-500-debut-11608331441 +I have just had an odd experience this week with this bank. + +A couple of months ago I opened a bank account with them because of their competitive interest rates. A few days ago i got locked out of this account and when i enquire as to why i wasnt given a reason but instead was questioned (felt more like an interrogation) about this account. one of the questions that the lady kept repeating was why did i open the account and i kept giving her the same answer which she clearly didnt believe because she kept repeating it. After all that i decided to get money deposited into another account because i was shocked and unhappy with their service and then this morning the same lady calls me from a private number and tells me they have decided to close my bank account and this was a business decision and she cannot give a reason why. I then asked for an email just stating that the account has been closed and she is like they dont send out emails and it's in their terms and conditions. she also says that the only way for me to recover the funds left in the account is to raise a recall or something along those lines. + +I am surprised and shocked that this has happened and would like to know if anyone else has experienced such unprofessionalism and weirdness esp if its from Macquarie Bank? +Hello all, today I present to you a Toronto-based company in the form of Converge Technology Solutions. Before I get started, I just wanted to bring to light a type of bias that may show prevalence. If you have heard of this company before and are already thinking of investing, read the definition of confirmation bias: “tendency to interpret new evidence as confirmation of one's existing beliefs or theories.” Read through the next paragraphs with a neutral mind, free from bias, I present a devil’s advocate argument at the end to subside the rest of the information. Confirmation bias is definitely prevalent on any subreddit, so be careful! + +**Who is Converge Technology Solutions?** + +Best represented by their own description: + +Converge Technology Solutions Corp. is a North American Hybrid IT Solution Provider focused on delivering industry leading solutions and services. Converge’s regional sales and services organizations deliver advanced analytics, cloud, cybersecurity, and managed services offerings to clients across various industries. + +Converge supports these solutions with talent expertise and digital infrastructure offerings across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. + +The company has 71, not to be confused later with 17, Strategic Alliances with software, hardware and general programs that are offered by companies around the globe. Some include: Gold Microsoft Partner, Titanium Dell Technologies Partner, and Advanced Amazon Web Services Partner. + +**Traded on:** + +1. TSX Venture Exchange: CTS.V +2. OTCQX (Highest OTC exchange): CTSDF +3. Frankfurt Stock Exchange: 0ZB + +**Family of Converge Technology Solutions** + +Since October 2017, CTS has acquired 17 companies. This is huge, CTS’s operation seems to be acquiring different IT companies focusing in on Cloud, Cybersecurity, Digital Infrastructure, etc. and forming the companies into an arm of CTS for offering leading-tech solutions in the software industry: + +1. **Corus360** – Cloud, Dad Center, Talent Solutions +2. **Norther** **Micro** – AI & Advanced Analytics, Cybersecurity, Cloud & Edge computing +3. **Becker**\-**Carroll** – Strategy & Planning, Design +4. **KeyInfo** – Computing, Storage & Networking solutions +5. **BlueChipTek** – Hybrid Cloud, Global Logistics, Full Rack Integration +6. **Light** **House** **Computer** **Services** – Analytics, Hybrid Cloud, Infrastructure, Security +7. **SIS** – Managed Cloud, IaaS, Data Protection +8. **NSI** – Data Center, Cloud Security, Enterprise Mobility Solutions +9. **EssexTec** – Cloud, Cognitive, Cyber Security +10. **DataTrend** – Data Center, Cloud +11. **VSS** – Managed Services, Portfolio Management & Services +12. **PCD** – Virtualization & Cloud, BC/DR, Enterprise Architecture +13. **Unique** **Digital** – Infrastructure Implementation & Support +14. **Workgroup** **Connections** – Cloud, Software Development, Licensing, Consulting +15. **Vivvo** – Identity Management, Vivvo Trust Platform +16. **Vicom** – Full-service Multi-cloud infrastructure +17. **CarpeDatum** – Analytics, AI, Performance Management + +**Public Recurring Revenues for each Subsidiary;** + +Found only 6 of their 17 acquisitions: + +1. **EssexTec** – $52 Million +2. **VSS** – $80 million (USD) +3. **Unique** **Digital** – $70 million +4. **Workgroup** **Connections** – $14.7 Million +5. **Vivvo** – $1.85 Million +6. **CarpeDatum** – $6.7 Million + +These acquisitions of substantial revenues will add to the portfolio of CTS; obviously, there are other financial aspects to consider such as EBITDA, Goodwill (synergy, etc.) of each transaction to see if it adds benefits. Other considerations, qualitatively, would be to look at each of the company’s specialty and understand that each one of these 17 acquisitions brings in management experience, growth to the global network, and brand extension. Each one of these acquisitions will feature “A Converge Company” underneath their logo to show their presence within the broader network! + +More info on what each of these companies do can be found here: [https://convergetp.com/portfolio-of-companies/](https://convergetp.com/portfolio-of-companies/) + +**Current Financials:** + +All data is from their most recent filing of 9-months ended September 30, 2020: + +1. **Revenue:** + 1. 39% Increase to $659,242,000 from $473,090,000 (Dec31,2019). + 1. Mostly attributed to by the acquisitions of DataTrend, EssexTec, VSS, and PCD. + 2. Allocation of Revenue: + 1. Where does CTS do most of it’s business? + 2. **Banking & Financial Services** – 21% (Prior Year – 19%) + 3. **Technology** **Companies** – 19% (Prior Year – 17%) + 4. **Government** **Contracts** – 19% (Prior Year – 15%) + 5. **Healthcare** – 16% (Prior Year – 25%) + 6. **Other** – 25% (Prior Year – 24%) +2. **Gross Profit:** + 1. 50% increase to $162,079,000 from $108,234,000 (Dec31,2019). + 1. Increased drastically due to management’s priority to sell high-margin software and cloud services to maximize net income. +3. **Market Capitalization (As of 1/15/2020)** + 1. CAD$ = 870.496M + 2. Price: 6.31. + 3. Outstanding Shares – 168,144,125 (as of 1/15/2021) + 1. As of 9/30/2020 – Approx. 130,000,000. - Increase of almost 40M shares. + 2. This will be addressed in the “Devil’s Advocate” Section. + +**Future Opportunities & Growth** + +As we all know, we as a collective, are in the midst of a global pandemic with most countries currently in lockdown and implementing stay-at-home orders. This improves the case for work-from-home (WFH) becoming more prevalent. This is one of the key growth drivers for Converge Technology Solutions and will continue to be as large companies around the globe have already mentioned to their employees that in the future WFH will be more flexible and even in some cases companies will have closed their offices as they see their efficiency can be matched by working remotely. The recent acquisitions, and the planned acquisitions ahead will drive revenues and bring qualitative benefits for years to come. + +**TSX Up-listing** + +As I previously mentioned, Converge Technology Solutions is currently traded on the TSX Venture Exchange which in basic terms is the junior exchange to the Toronto Stock Exchange (TSX). + +In a news release on November 19th, 2020 the company stated that it has received conditional approval from the TSX to graduate from the TSXV to list the company’s common shares on the TSX. The final approval of the TSX listing is subject to Converge Fulfilling certain standard and customary conditions required by the TSX on or before February 17th 2021. CTS is very confident it will satisfy all the conditions and further communicate to investors about the process. + +This is a large opportunity to take advantage of as institutional investors may start to get on-board with the up-listing as 0.74% of all outstanding shares are being held by institutions. Similarly, insiders hold a relatively high % of outstanding shares at 15.47%. + +Speculation: With the up-listing to the TSX, this may show further opportunity to cross-list their security on any US-exchanges such as NASDAQ, NYSE, etc. + +**Devil’s Advocate** + +In order to subside all the positive information above, I must bring to light something that may concern others moving forward. This topic has to do with **Dilution** and the increasing number of common shares over the past year or so. Public offerings (closing date) include: + +1. **February 20, 2020** – Approx. 6,000,000 shares. +2. **July 31, 2020** – Approx. 10,800,000 shares. + 1. Proceeds: $17.5 million. +3. **September 30, 2020** – Approx. 14,650,000 shares. + 1. Proceeds: $30.0 million. +4. **January 15, 2020** – Approx. 17,825,000 shares. + 1. Proceeds: $86 million. + +In a previous section above, I highlighted the increase in common shares within the Financials section. The company continues to publicly offer shares in order to raise capital to fund its acquisitions. This allows the company to gain cash in order to fulfill its obligations; however, investors may be torn whether to invest or not because when they publicly offer their shares to underwriters, they list a price well below the current market price and this causes people to panic or even scare potential investors away. The increase in the common shares dilutes each individual share so it decreases in value proportionately to how many shares were offered. + +**Summary** + +All in all, with the presented information above, Converge Technology Solutions as a company is a huge buying opportunity for investors to take advantage of, the share price has been on an upward trajectory for the past year and I believe this will continue with the future catalysts of TSX up-listing and future acquisitions. Dilution remains present in the eyes of investors but it’s definitely a growing pain; the funds are actively being used to grow the business and the stock price has never been set back with the constant public offerings. Converge’s growing family network of 17 companies will continue to grow in the near and far future. + +**Disclosure** + +To be fully transparent, I am an active investor in CTS.V on the TSXV. I will not disclose how many shares or the share price in which I acquired my shares but know that I have been adding to my position on dips for the past month, the dips that happened this week I took advantage of and added to my positions confidently. + +Thanks for reading! I really enjoy understanding companies in-depth and being passionate about what I am invested in so know that this post was created out of sheer passion and not for any other gains! Please provide me some feedback on what to include/not to include in my future DD posts, this is my second DD post so check out my profile for the first one! <3 +I think it’s kind of funny how quickly sentiment changes based on how the market performs in the last couple of weeks + +If SPY had gradually gone up from January 2021 to where we are now, everyone would be super bullish right now. + +Yet, because the last few weeks have been red, arriving at the same number going down from ATH and sentiment is completely different + +I understand that the market is not completely efficient, but it’s not so inefficient that you can say last week was red, so this week will probably be the same, and so on going forward. Or it’s clear we’re headed down from here because of all this bad news that ironically everyone already knows about + +If only things were so easy +Superstonk, we need to have a talk. + +This [post](https://www.reddit.com/r/Superstonk/comments/z1igo0/the_gme_token_was_a_backdoor_bailout_of_shorts/) has been up for 12 hours, is currently on the front page, and out of all the comments, only ~~1 person~~ a few people, ( u/not0_0funny, u/[CuriousehCee](https://www.reddit.com/user/CuriousehCee/), u/therealluqjensen, u/[TheSeldomShaken](https://www.reddit.com/user/TheSeldomShaken/), u/[Ignitus1](https://www.reddit.com/user/Ignitus1/)) seem to have actually read through the content and asked questions, but their comments are not highly upvoted. + +I started writing a comment but I think at this point it will get drowned out, so I'm dedicating a post to it because I think it's important. + +\--- + +u/uprclass2002 I appreciate the effort you put into your post, but I am downvoting it for multiple reasons; + +&#x200B; + +>"1 GME Token = $100,000" + +You presented 0 evidence this is true, and then used this information in your calculations later in the post. Based on this, all your math is unverified. + +&#x200B; + +>After careful analysis of the *GME Token* + +Token names matter, even spelling. For example [GameStop](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) (big S) token is different from [Gamestop](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) (little s) token. You said you *carefully* analyzed the "GME token", which is another unique [token](https://etherscan.io/token/0x32dd2e116c7647e0e89603df221dc6e8b5dde4e8) of that exact name, but you presented data on the [wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496) token. None of which were explained or linked for clarity. + +&#x200B; + +>The GME Token **acted as a blockchain ledger to Trade Swaps** prior to the January 21 Sneeze. +> +>The bailout money received **didn't end up being enough to cover their short positions**, +> +>**so they were left with no choice but to shut down the buy button.** +> +>**The bailout was for up to $1 Trillion Dollars,** +> +>**of which $141.8 Billion Dollars was utilized.** + +Your tl,dr has 5 assumptions stated as fact. I did not see any "proof", as you claimed, in the body of your post to prove a single one of these assumptions. + +&#x200B; + +>So why didn't they sell??? They didn't sell because it wasn't an actual trade, + +To my point above, this is not proof. This is speculation. Maybe it's true that it was a swap and not a trade, but this explanation is unsatisfactory to come to that conclusion. They could have not sold for another reason. + +&#x200B; + +>The token was created/minted on 1/26/2021 at 23:46 UTC, 6:46pm EST, and 3:46pm PST as indicated by the Genesis Block. The first trade took place 6 minutes later, **which is suspicious in its own right** + +It is not suspicious that a newly minted coin was used soon after having been minted... + +&#x200B; + +>It is also, worthy of note that there were 207 unique addresses involved with all transactions of the GME Token. EXACTLY 200 OF THEM SEEM TO HAVE RECEIVED GME TOKENS!! + +Etherscan gives an active count of how many holders of any token there are, this number is not significant. + +&#x200B; + +>All transactions were processed using the Uniswap Contracts (UNISWAP V2: GME 2) and (UNISWAP V2: ROUTER 2) making the sending addresses of the Tokens unavailable to view. Somebody clearly didn't want anyone to know the origins of the senders for these GME Tokens. + +You can always see the addresses on Etherscan. Swap contracts do not mask addresses. + +&#x200B; + +>For good reason too, this was huge bailout to the tune of $1 Trillion Dollars for GME Shorts. The $1 Trillion Dollars was cap for the bailout, but it looks like they only utilized $141.8 Billion of it. + +Where on earth did you get these numbers? Why are you calling it a bailout? How do you know how much was used? Why are you applying hypothetical numbers to other hypothetical numbers to complete calculations? + +&#x200B; + +>So why didn't they use the full $1 Trillion? + +**What** $1 trillon? + +&#x200B; + +>Simple, because as the GME Tokens got swapped for Ethereum and the price kept going up, + +They weren't swapped for Ethereum. *Wrapped Ethereum* was [swapped](https://etherscan.io/tx/0x612c2ac37ac106e90551ffca5913486909979798948a5ed6da02c3e9d7745617) for *Wrapped GameStop.* These are all different things. + +&#x200B; + +>meaning that as the total bailout money increased so did the swap rate for Ethereum to GME Tokens. + +This just...doesn't make sense? + +&#x200B; + +>You can see from the log of Dex Trading Transactions that the rate almost non-stop increased until the final intervention. In other words, the swap rate for Ethereum was an increasing variable rate depending on the total bailout money utilization at that moment in time. + +Which transactions? You didn't link any. + +&#x200B; + +>After careful calculations, it was found that the original 10,000,000 GME were not correlated to shares or direct 1 for 1 in terms of dollars. + +You don't need to do "careful calculations" to verify that 10M wGME does not have the same $ value of 10M GameStop shares. + +&#x200B; + +>So, Melvin Capital got $2.75 Billion from Citadel and Point72...Wow, that's interesting that is the exact amount for the first transaction in GME tokens when converted to BAILOUT MONEY. + +Using your 1wGME=$100,000, which is unverified? Making this argument *extremely* speculative? Did you search for how that actual money was transferred from Citadel and Point72 to Melvin? If they got **any** cash whatsoever then your entire thesis is invalid. + +&#x200B; + +The rest is just more speculation built on top of speculation with no sources. I'll stop there. + +&#x200B; + +Your only saving grace, an unintentional nipple pun; + +>I have come to a complete and udder shocking conclusion +I really appreciate that my post [Some FTSE companies that I like](https://www.reddit.com/r/UKInvesting/comments/kie0wc/some_ftse_companies_that_i_like/) was so well received. Since some people found it interesting I've deiced to write second part where I highlight few other companies I like from FTSE universe. + +Please be aware that I am not financial professional and that you should not buy any of these equities without doing your own due diligence. Also, I try to give few reasons of why I like certain companies but each company has unique risks and issues that I don't list here for brevity. However, each company below certainly has its own risks that you should evaluate yourself before investing. + +Finally, I manage very diversified portfolio. I hold many equities but they are between 1% to 4% of my portfolio each. My objectives are to not to lose money and to slowly compound my money over long period of time. Please have that in mind when reading my notes below. + +&#x200B; + +# FTSE 250 + +This is UK's midcap index that lists many UKs medium size companies as well as many investment trusts. I hold FTSE 250 ETF (VMID) as well as few individual equities from this index. + +&#x200B; + +**Airtel Africa (AAF):** Normally I don't care about telecom providers and I would not invest in Vodafone or Orange. However, I made an exception for this company. Airtel Africa is an Anglo-Indian provider of telecommunications and mobile money services, with a presence in 14 countries in Africa. Company IPO on LSE in 2019. I think many people skip past this equity as soon as they see the word "Africa" in the name which is really unfair. There are many developing nations in Africa that are not waging constant civil war. However, their infrastructure is underdeveloped and while we are talking about 5G some countries don't even have 3G yet. People in those countries are no different than us and they want fast data connection, cheap calls, etc. Africa has large population, their comms networks are underdeveloped and Airtel provides service that everyone needs. I believe this could result in big growth over the coming years. In 2020 their revenue was up 11%, their user base expanded by 13% and they are also starting mobile payments business too. I expect their growth to continue. Also, Airtel has P/E ratio of 9 and they pay 6% dividend which make this equity really cheaply valued. You can read more [here](https://airtel.africa/assets/pdf/Airtel_Africa_AR2020.pdf). By the way, this is not play on 5G. + +&#x200B; + +**TI Fluid Systems (TIFS):** This is auto parts manufacturer that IPO on LSE in 2017 but company been around for decades before IPO. This is another "picks & shovels" play on EV mania. This is also another company that was very misunderstood although its share price has now gone up based on recent announcements. Let me explain. TI Fluid Systems is a British multinational company which basically manufactures fuel tanks and fluid carrying systems. You would think that its dying company so why did the share price go up. Well it turns out that EVs need more fluid carrying systems than internal combustion (IC) engine vehicles ([page 9](https://investors.tifluidsystems.com/~/media/Files/T/Tiautomotive-IR/result-centre-documents/2019-annual-report.pdf)). This is because EV batteries require a lot of cooling. In fact, they make more money per EV car than IC car which considering that all IC cars will be banned soon is great for business. There are also very few fluid carrying systems manufacturers in the world that are as experienced as TI Fluid Systems. Recently the price has gone up significantly because TI will supply [Hyundai BEV Family of Vehicles With Thermal Coolant Fluid Carrying Systems](https://www.prnewswire.co.uk/news-releases/ti-fluid-systems-to-supply-hyundai-bev-family-of-vehicles-with-thermal-coolant-fluid-carrying-systems-889119972.html), [TI Fluid Systems (TIFS) builds the heat pump module for the ID.3 and ID.4](https://www.electrive.com/2020/11/27/vw-group-components-provides-40-of-id-4-components/), [TI Fluid Systems To Supply Thermal Products On New Ford Mustang Mach-E Full Battery Electric SUV](https://www.prnewswire.co.uk/news-releases/ti-fluid-systems-to-supply-thermal-products-on-new-ford-mustang-mach-e-full-battery-electric-suv-813822528.html) plus many other good news. Having that said the price has gone up nicely and I sold all my shares to lock in some profit. I will be returning when price goes down a bit. + +&#x200B; + +**National Express (NEX):** Have in mind that this is risky speculation so you might want to skip this one. Recently you probably been seeing many people buying beaten down airline stocks like IAG. I understand the reason why people make these bets but I personally don't think risk / reward is worth it. Airlines are very capital intensive, very low margin and very competitive business that I did not like before the virus and I don't like them even at these prices. Having that said I agree that people still need to travel and it is impossible for everyone to work from home so I decided to invest in transportation company National Express. To be honest I liked this company even when it was valued at p470 a share but when it fell to p130 I could not resist. These are the reasons I like them (besides current valuation) its international business that operates in UK, US, Spain, Germany and many other countries. Until COVID crisis they consistently, year in, year out, grew their business and share price reflects that, pays solid dividend, they are essential business that UK gov is [basically bailing out](https://www.gov.uk/government/news/transport-secretary-announcesup-to3-million-forcoach-services-to-meet-christmas-travel-demand), profit margins are much better than that of airlines and people will always need to use public transport. Now as I said this is speculation, and I expect the next year will still be nasty for them (especially if we get another COVID mutation), it might take longer than year to recover to previous share price and I don't expect dividend to be resumed any time soon. However, COVID will end and so far every single time there's good news about COVID situation share price gets boosted so I'm quite optimistic about this company all things considered. Few extra things; Would I buy at current price? Yes, but not as much as I bought when it was p130. What do I think about Go-Ahead Group? I think National Express is better business so I only invested in them. + +&#x200B; + +**Avon Rubber (AVON):** This is business that I like but that was way too expensive for me to invest in. Recently they had very sharp downturn (25%!) so it made me evaluate them again. Perhaps this could be decent entry point? Avon Rubber started its life in 1883 as a tyre maker, but it’s now focused on personal protection gear for military and law enforcement. Essentially they make helmets, gas masks (for military but also for emergency workers and civilians) and stuff like that. They also have continuous revenue stream from selling filters (only they make filters for gas masks that they manufacture) and maintenance services. The business is a leader in niche markets with limited competition. They also supply US, UK military and NATO. These are hard contracts to get but once you get them you are sorted. This is reflected by their insane share price rise even during COVID. There are many other reasons I like this business but even after recent downturn I still think its too expensive. I might buy just a couple of shares to put it on my watch list and see where this goes before buying more + +&#x200B; + +**Biffa (BIFF):** Biffa provides trash collection, landfill, recycling and special waste services to local authorities and industrial and commercial clients in the UK. As of 2017 it is the second-largest UK-based waste-management company. Much of their revenue comes from serving businesses so COVID lock downs hit Biffa hard (locked down business does not produce any trash to collect). However, they still get steady revenue from serving councils. I expect Biffa's price to go up once COVID is over. Now all this is nice but it is not the reason I like Biffa so much. As we get more environmentally conscious recycling is starting to play bigger role. Biffa has very recently opened £27.5m plastic recycling plant in UK and announced a new £7m facility too. I think once all their planned recycling facilities come online Biffa will see big boost in their revenue and share price will quickly catch up. + +&#x200B; + +**Clipper Logistics (CLG):** Ok this is not FTSE 250 company but one listed on FTSE All Share index but I wanted to mention them nonetheless. They are brilliant logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. It has 47 sites across Europe. They differ from other logistics companies in UK because they utilise a lot of automation and try to stay on the cutting edge of logistics (compared to other UK's logistics companies that is). Obviously COVID has caused massive surge in e-commerce and they also been helping UK Gov to distribute PPE so they been doing very well this year. I have not bought their shares as they are very expensive at the moment and I feel like I missed the boat on this one. Perhaps if price gets lover I'll start small position. + +&#x200B; + +OK, so these are companies that I like in FTSE 250. However, FTSE 250 contains many trusts too. Normally I avoid investing in trusts. On the other hand, I care a lot about my portfolio diversification so when a trust gives me access to equities that I otherwise have no access to I might buy. + +&#x200B; + +**HGCapital Trust (HGT):** This is very simple to understand trust that I like a lot. Essentially they invest in unlisted software companies (mostly in Europe). Of course, since they are unlisted companies I normally would not get access to them as retail investor but by buying HGT units I get [access to all these companies](https://www.hgcapitaltrust.com/portfolio/underlying-investments). Historically trust performed very well although trust fee of 1.56% is a bit high. Still I like underlying holdings so I think its worth the price. Currently trust trades at about 1% premium so I would wait for better entry point. + +&#x200B; + +**AVI Global Trust (AGT):** this is very interesting trust that is not must have but its currently trading at 10% discount (even more when I bought it) so I keep topping this up every time I get paid dividend. Essentially this is fund of funds. Roughly this is what they do; say there is a company that is high quality company like Tencent or Microsoft and it just so happens that some fund holds that equity. Sometimes those funds trade at large discount event though they hold high quality equities. AGT buys units in those discounted funds to get access to high quality equities for cheap. Its a simple strategy but so far it has been working well. + +&#x200B; + +**ICG Enterprise Trust (ICGT):** this is private equity fund similar to AVI Global Trust. They invest in unlisted companies that I otherwise have no access to. The difference between them and AVI Global Trust is that they don't limit themselves to software companies only. I like [companies held by this fund](https://www.icg-enterprise.co.uk/our-portfolio/largest-investments/30-largest-underlying-companies/) and they are currently trading at massive 21% discount. I expect them to do something about this gap so I wouldn't be surprised if they bought their own shares to increase share price and narrow this large discount. Ongoing charge is 1.37% which is a bit steep but at 21% discount maybe its not a bad deal. + +&#x200B; + +Ok, the lower we get on this the more obscure it gets. I like funds below but I understand they are not for everyone. + +&#x200B; + +**VinaCapital Vietnam Opportunity Fund (VOF):** Right, I can't image many people think about investing in Vietnam but I don't think it's a bad idea to have some exposure. There are many things I like about Vietnam. They dealt with COVID superbly well and were amongst the first ones to be virtually COVID free. Because of many reasons I wont go into here many companies that used to manufacture products and China are moving their factories to Vietnam and India. Vietnam has very friendly laws for foreign business and well educated, young labout force. Having all this in mind I think Vietnam is poised for growth and indeed this fund did very well this year. By the way Vietnam is frontier market and not emerging market so you wont get access to Vietnam equities by holding Emerging Markets ETF. + +&#x200B; + +**Pacific Assets Trust (PAC):** this is not FTSE 250 but FTSE All Share equity. Still I wanted to mention them. I have small position in this trust to get exposure to Indian equities for similar reasons like the ones mentioned above. Also, I really like fund managers and equities they pick. + +&#x200B; + +&#x200B; + +Alright, once again this post has run for too long so if mods don't mind and if there's interest I might write separate post about AIM index. + +Please remember to do your own due diligence before buying any equities. Also, my goals and investment framework might be different than yours so maybe this list won't make any sense to you. +&#x200B; + +[ Good morning r\/Superstonk, neighborhood jellyfish here! ](https://i.redd.it/ehs02c6dwd971.gif) + +I would like to revisit some more data recently released and posted and continue trying to tie this all together as the situation continues to evolve. + +Posts being referenced: [1st Inflation Post](https://www.reddit.com/r/Superstonk/comments/nxxwqt/tldr_i_believe_inflation_is_the_match_that_has/), [Existing Home Sales May](https://www.reddit.com/r/Superstonk/comments/o6ie6p/a_deep_dive_into_the_housing_data_released/), [New Home sales May](https://www.reddit.com/r/Superstonk/comments/o6soxw/part_ii_a_deep_dive_into_the_housing_data/), [Fed Balance Sheet through 6/16](https://www.reddit.com/r/Superstonk/comments/o2dw45/thoughts_on_the_feds_balance_sheet_after_todays/), [It’s not just manufacturing supply shortages, manufacturers can’t get people for work](https://www.reddit.com/r/Superstonk/comments/od9tt1/a_deep_dive_into_some_more_of_the_data_released/), [6.4% annualized inflation (PCE, excluding food and energy the most conservative inflation measure US government releases and the Fed relies on)](https://www.reddit.com/r/Superstonk/comments/o7r4zw/the_feds_favorite_inflation_measure_which_is_the/) + +I want to start by revisiting the Fed’s balance sheet. The last time we talked about it (6/17), it stood at a then RECORD $8.064 trillion. Let’s write this one out: $8,064,000,000,000.As of July 1st, that number stands at a **NEW RECORD $8,078,544,000,000**—an increase of $14,544,000,000. + +[ $8,078,544,000,000](https://preview.redd.it/z8dnwn5swd971.png?width=1827&format=png&auto=webp&s=6c72023ffe5b27cd93dfceb0df11fbf263ec6d5b) + +[Look at that triangle that has started at $7 trillion! ](https://preview.redd.it/jwxf3k0uwd971.png?width=1465&format=png&auto=webp&s=ceb3523e78313f82c4376e1fb65ec775e1b9cc16) + +# + +# So what caused the jump in the balance sheet? + +The Treasury General Account (TGA), which Yellen said in February she wanted to [get to $500 billion by the end of June](https://home.treasury.gov/news/press-releases/jy0011), actually increased by $86.815 Billion to $851 Billion. + +Federal Reserve Notes, net jumped $4,594 million. + +# The Fed’s balance sheet is jumping while we are watching the housing bubble inflate in front of us. + +The rate of sales continues to trend downward, but median home prices for **existing homes** are up 23.6% year-over-year to an all-time high of $350,300 with May rising at the greatest year-over-year pace since at least 1999, up from $283,500 last year and $340,600 in April. + +So, months’ supply is increasing (supply taking longer to move), sales are beginning to decrease (.9%) (demand), and median existing-home price across all housing types hit a record high of $350,300 in May, an increase of 23.6% from the year before (price). + +Despite supply increasing for months, **single-family home sales** by homebuilders to the public in May fell 6% from the prior month to a seasonally adjusted annual rate of 769,000 houses, down 23% from the recent high in January. This steep decline in sales occurred amid rising prices. + +The median price of new single-family houses rose 2.5% from the previous month, and spiked 18.1% year-over-year, to a record $374,400: + +https://preview.redd.it/4xj0opyl1e971.png?width=802&format=png&auto=webp&s=6690f087ada69f13a8c35b8841a34c4d48e036c1 + +The drop in sales of new homes in the past months brought sales back to about pre-pandemic levels. On the other end of our equation, inventory really is rising! + +Unsold speculative houses rose for the fifth month in a row to 330,000 houses and months’ supply rose to 5.1 months. + +New single-family homes completed since Jan 2021 : 1,328,000+1,347,000+1,497,000+1,426,000+1,368,000 = 6,966,000 homes + +New single-family homes sold since Jan 2021 : 993,000 +823,000+886,000+817,000+ 769,000 = 4,288,000 homes + +Supply is up +2,678,000 homes in 2021 so far. + +Stated another way: + +The current supply is steadying with current inventory not moving at the current prices and is increasing as more homes come online (census bureau has it at \~ 4-8 months in 2020 to build from start to finish, projects started during the pandemic will be coming online), Demand is decreasing, Median Prices has increased to an all-time high. + +&#x200B; + +**With the conditions of the housing market above, I believe we are entering ‘textbook’ bubble territory.** + +[ Source: https:\/\/www.investopedia.com\/terms\/h\/housing\_bubble.asp ](https://preview.redd.it/bcoa3frsxd971.png?width=794&format=png&auto=webp&s=3d348043be4dd619112aad871705fd00ba02f737) + +Ok, as we covered above, demand had been through the roof, but the supply is back on the rise and current stock is taking longer to move. At the same time, demand for new mortgages is decreasing as the supply continues to hold and increase—but prices continue to go up! + +https://preview.redd.it/e8ge1yn0yd971.png?width=884&format=png&auto=webp&s=adbea8646a332e991679cf2214603ff39a2b499e + +But what about delinquency rates? This can be a source to the supply... + +[ https:\/\/www.mba.org\/2021-press-releases\/may\/mortgage-delinquencies-decrease-in-the-first-quarter-of-2021 ](https://preview.redd.it/e2jq2nc3yd971.png?width=1111&format=png&auto=webp&s=20b980c2faf5d470a30dc34a8f3106acdfc79fc3) + +&#x200B; + +>On a year-over-year basis, total mortgage delinquencies increased for all loans outstanding. The delinquency rate increased by 141 basis points for conventional loans, increased 498 basis points for FHA loans, and increased 297 basis points for VA loans.The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans on which foreclosure actions were started in the first quarter rose by 1 basis point to 0.04 percent. The percentage of loans in the foreclosure process at the end of the first quarter was 0.54 percent, down 2 basis points from the fourth quarter of 2020 and 19 basis points from one year ago. This is the lowest foreclosure inventory rate since the first quarter of 1982.The seriously delinquent rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 4.70 percent. It decreased by 33 basis points from last quarter and increased by 303 basis points from last year. From the previous quarter, the seriously delinquent rate decreased 34 basis points for conventional loans, decreased 19 basis points for FHA loans, and decreased 37 basis points for VA loans. Compared to a year ago, the seriously delinquent rate increased by 205 basis points for conventional loans, increased 771 basis points for FHA loans, and increased 379 basis points for VA loans. + +**Then there are those still in or coming out of forbearance with the likely expiration and non-renewal of these Covid rules at the end of the month:** + +[The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 4.18% of servicers' portfolio volume in the prior week to 4.16% as of May 30, 2021. According to MBA's estimate, 2.1 million homeowners are in forbearance plans.](https://www.mba.org/2021-press-releases/june/share-of-mortgage-loans-in-forbearance-slightly-decreases-to-416-percent) + +https://preview.redd.it/1hp4jrdbyd971.png?width=1169&format=png&auto=webp&s=33d5b84e2ff464c95a84049f5887674a1bc3f224 + +&#x200B; + +While it is great to see people come out of forbearance, if I am reading the numbers correctly, more than half of folks coming out are still going to have amounts that still need to be paid back. Budgets are already stretched tight, wage growth is decreasing, and inflation is making everything else more expensive. + +So, the central-bank asset purchases that continue chugging along [($120 billion per month](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656)) continue to help directly inflate this bubble! The music on inflating home prices is going to stop! + +This brings me back to a comment from earlier this week I made in the RRP’s post: + +>Inflation is blowing up as they have a full-blown liquidity crisis on their hands! +> +>The Fed has backed themselves & the banks in a corner after letting the printer run brrrrr. High Reverse Repo Purchase usage signals that the banks simply don't have the balance sheets to accept the excess reserves. Even accounting for end-of-quarter use spiking, $991.939 billion to 90 participants is absolutely bonkers!!! +> +>Thus, they are forced to park them right back with the Fed using the [Overnight Reverse Repo Purchase and 0.05% lending](https://apps.newyorkfed.org/markets/autorates/temp). +> +>This has created a dangerous game of chicken in the market. Currently, the liquidity in the market is entirely artificial because of the aforementioned brrrrr. If the Fed lets up the slightest bit on the central-bank asset purchases [($120 billion per month currently](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656)), it could shut down the entire game. However, if JPow keeps letting the printer run, he risks hyperinflation and [further cracks in support from his members](https://web.archive.org/web/20210630081637/https:/www.nytimes.com/2021/06/30/business/economy/inflation-federal-reserve.html). +> +>It's turned into either no more liquidity for anyone or so much liquidity that the value of USD becomes near worthless and we see [Weimar Republic levels of hyperinflation.](https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic) +> +>For GME, I believe the thought is that no liquidity means institutions will have to sell off other assets to increase their capital supply. This will continue until they can no longer increase their capital supply to meet margin requirements. +> +>When/if institutions cannot meet their margin requirements (aka prove liquidity to be able to cover positions), DTCC will forcibly close all of their positions and MOASS takes flight + +**This is the game of chicken the Fed is caught up in—demand for housing (as we covered above) is going down, supply is increasing, yet prices continue to inflate—I believe this is in large part because of the $120 billion per month central bank MBS is allowing prices to continue to increase and build this bubble!** + +Let’s revisit the rate of inflation from my first post. The [CPI report](https://www.reddit.com/r/Superstonk/comments/nwodvj/the_consumer_price_index_climbed_06_from_the/) had inflation at 5% and we reviewed ICE BofA Single-B US High Yield Index Effective Yield @ 4.47% -.53% adjusted for inflation (Highly Speculative) and ICE BofA CCC & Lower US High Yield Index Effective Yield @ 6.83% 1.83% adjusted for inflation (“extremely speculative” to “default is imminent with little prospect for recovery”). + +Annualizing the Personal Consumption Expenditures, excluding food and energy (PCE), again the *most conservative* inflation number the government offers, from the BEA report the other day, inflation is at 6.4%--inflation is at least 28% higher than the first time we examined this at 5%!!! + +Looking at the bonds again, adjusted for inflation, things are worse! + +[ ICE BofA Single-B US High Yield Index Effective Yield @ 4.44&#37; -1.93&#37; adjusted for PCE inflation \(Highly Speculative\) ](https://preview.redd.it/2zrpzjetyd971.png?width=1468&format=png&auto=webp&s=9afed52a1cd40a63a9fb923cf8953c2559a15d48) + +[ ICE BofA CCC & Lower US High Yield Index Effective Yield @ 6.60&#37; .2&#37; adjusted for inflation \(“extremely speculative” to “default is imminent with little prospect for recovery”\) ](https://preview.redd.it/m0nc740uyd971.png?width=1463&format=png&auto=webp&s=4ef8591e2dc1146b2e6d241184a0178f6299e362) + +Can we let that sink in again for a moment? To get any sort of positive yield an investor must expose themselves to bonds rated **“extremely speculative” to “default is imminent with little prospect for recovery”.** If they invest in the Single-B ‘**Highly Speculative’** they lose principal capital to inflation! + +Remember, they can’t just sit on this cash as the dollar is losing buying power (as we have covered before), the cash would get eaten by inflation, and it is a liability for them—since they must pay interest on client cash. (This is where having *too much* cash is considered a liquidity crisis! There isn’t enough good debt to place it in!). No wonder the Reverse Repo Markets are so heavily used! + +Before we go any further, let’s do some quick level setting on bonds and their risk descriptions: + +[ How the Credit Rating Agencies Classify Corporate Bonds and Loans by Credit Risk or the Risk of Default.](https://preview.redd.it/5pbdgumczd971.png?width=839&format=png&auto=webp&s=032247d092bcbcc01e6b348857e2c16839955c33) + +[Any excuse to use this clip again makes my day... ](https://reddit.com/link/oe6i3l/video/gt4rvt8gzd971/player) + +Again, JPow believes this inflation is transitory and will drop back down to 2%. The Fed has been 2 steps behind on inflation and I think they are severely underplaying a new wild dynamic in this inflation madness—people and businesses are willing to pay these [increased prices](https://www.reddit.com/r/Superstonk/comments/o59uyb/no_inflation_my_waffle_house_has_had_to_print_new/)! + +We have looked extensively at the record median prices in homes, but let’s consider cars for a minute. This is why I think the inflation game has changed! According to data from the [Bureau of Economic Analysis](https://apps.bea.gov/iTable/iTable.cfm?1921=underlying&isuri=1&reqid=19&step=2#1921=underlying&isuri=1&reqid=19&step=2) June sales for autos fell to 1.30 million vehicles, down 14.2% from June 2019, after a strong March, April, and May. + +Vehicle sales picture + +The Seasonally Adjusted Annual Rate (SAAR) of sales,(takes the number of selling days and other seasonal factors into account and then annualizes the result), vehicle sales look: + +June: 15.4 million SAAR, -9.5% from June 2019; the lowest for any month since January 2014. + +May: 17.0 million SAAR, -1.0% from May 2019. + +April: 18.6 million SAAR, the highest total for any month in 16 years, +7.4% from April 2019. + +March: 17.9 million SAAR, +7.9% from March 2019. + +Carmakers and dealers are making money hand over fist though! Dealers by and large don’t produce ‘economy’ cars and trucks anymore. Everything is has shifted to high profit-margin vehicles—for example, Ford (except for the Mustang) doesn’t produce cars anymore! + +Because of this and shifting to have ‘on-demand' inventories, the average transaction price for cars is at record highs, so is average gross profits per unit—the average transaction price (ATP) of new vehicles in June jumped 14.9% from a year ago, to $40,206, a [joint forecast from J.D. Power and LMC Automotive](https://www.businesswire.com/news/home/20210625005063/en/J.D.-Power-and-LMC-Automotive-U.S.-Automotive-Forecast-for-June-2021)—a record surge, + +>The combination of strong retail volumes and higher prices means that consumers are on track to spend $45.6 billion on new vehicles this month, the highest on record for the month of June. Consumer expenditures on new vehicles are expected to reach a Q2 record of $149.7 billion, up 60.7% from 2020 and up 27.9% from 2019. +> +>Total retailer profit per unit, inclusive of grosses and finance & insurance income, is on pace to reach an all-time high of $3,908, an increase of $2,061 from a year ago. Grosses have been above $2,000 for 11 of the past 12 months. Coupled with the strong retail sales pace, total aggregate retailer profits from new-vehicle sales will be $4.4 billion, the highest ever for the month of June and up an astounding 175% from June 2019. +> +>The combination of strong retail volumes and higher prices means that consumer expenditures on new vehicles are expected to reach a first-half record of $270.8 billion, up 47.8% from 2020 and up 24.7% from 2019. +> +>Retailer profits from new-vehicle sales will reach first-half record levels on both, a per unit, and total basis. Profit per unit for the first half of 2021 will reach $2,844, up $1,310 from the same period in 2020 and up $1,457 from 2019, while total profits will reach $20.2 billion, up $12.1 billion from 2020 and up $11.2 billion from 2019. + +The trade-in market is also nuts! [The chip shortage](https://www.detroitnews.com/story/business/autos/ford/2021/07/02/ford-sales-fall-27-june-lingering-chip-shortage/7839245002/) and covid have set the secondary market on fire. Normally, it is tempered through rental car companies and the like offloading their fleets. Covid has thrown a huge wrench into that, and add in the chip shortage in new vehicles, has led to what I believe is **the fairy dust on this inflation fire**, reports of low-mileage used vehicles costing more than the new model would cost if it were available. + +**(timeout, I do hope RC and the GameStop team are reading up on how Toyota is killing this chip shortage since they had this sort of risk already identified in their Business Continuity Plan because of what happened with Fukushima in 2011!)** + +A study by [iSeeCars](https://www.iseecars.com/used-cars-cost-more-than-new-study), which combed through over 470,000 new vehicles and “lightly used” 2019 and 2020 model-year vehicles, found that the gap between new and slightly used had “drastically narrowed” across the board, and it found that 16 hot models were selling for more money as used vehicles than their equivalent new versions, that were not in stock. + +On top of this list is the Kia Telluride, it would sell for $44,166 as new vehicle sold for $47,730 as a slightly used vehicle. The first six on the list were either pickups (GMC Sierra 1500, Toyota Tacoma, Toyota Tundra) or SUVs (Telluride, Mercedes-Benz G-Class, Toyota RAV4 Hybrid). + +**Rather than haggle till they get the price down, or just not buy as they had done for a couple of years of the Great Recession, consumers are buying are paying whatever it takes to get a new or used vehicle or new or used home as their whole mindset about inflation has changed!** + +[The brakes on inflation have been cut! This beast is going to keep running! ](https://preview.redd.it/75z9o0bf0e971.png?width=600&format=png&auto=webp&s=be0146e852127aa6467848a5b4a3d31189834415) + +OK, so to try and wrap this up again: + +· More cash is going to continue to pour in that needs to be placed. + +· Inflation is going to make it impossible to earn positive rates on assets after being adjusted for inflation on anything but “extremely speculative” to “default is imminent with little prospect for recovery” risks. + +· Cash can be stashed with the Fed @ 0.05% currently + +· Previous collateral (zombie CMBS as an example) is considered junk and may be losing value due to being mistakenly rated/valued to begin, with yield rates, which had been used to secure the balance sheet now also being eaten by inflation. ([Washington Prime Group and certain of its subsidiaries filed for Chapter 11 bankruptcy protection since the last time](https://investor.washingtonprime.com/investor-relations/news-and-views/news/news-details/2021/Washington-Prime-Group-Commences-Voluntary-Chapter-11-Financial-Restructuring-with-RSA-Supported-by-Over-70-of-Holders-of-Secured-and-Unsecured-Corporate-Debt/default.aspx)) + +· Their cash can’t be used as collateral because it is a liability, and even if used, will suffer a loss of value from inflation. + +Opinion: Because of inflation, the shorts are going to drown in their cash. There is no place for it to go to earn a positive yield greater than what inflation will eat, or should be acceptable for the level of risk of default. + +With nowhere to park this cash to generate positive yields and while having to contend with balance sheets that are having assets eaten away, participants will continue to use the Reverse Repo to buy time until: + +Being down in real terms because of inflation is something that **cannot be made back up** to service the debt and will weigh on balance sheets as they try to protect from margin calls. + +Their existing collateral on the balance sheet can get re-rated lower, re-appraised lower, or just eaten by inflation to the point even what they are borrowing in treasuries can’t meet the requirements to hold off a margin call. + +They hit the 80 billion Reverse Repo limit because of nowhere else to place cash, are tapped out on treasuries, and no longer able to post acceptable collateral to meet their margin requirements. + +# Finally, GameStop now faces inflation concerns because of that fat stack of cash they have ready to deploy! + +I am sure RC and company have plans to deploy that capital in ways that will earn more than the rate of inflation, but I would like to propose they consider setting at least 1% of that cash aside to hedge the company against inflation moving forward to invest in b I t c o I n and e t h e r e u m. + +I know this investment suggestion is probably controversial! However, I've been in crypto longer than GameStop (and DFV has been in GameStop), and it was understanding these fundamentals that helped make his explanations and some of the DD here click for me to ape into GameStop when I learned about it. + +I am happy to touch on these subjects in the comments further (but I do want to keep this on the topic as much as possible and try and wrap up), but in short, I believe in [PlanB’s Stock-to-Flow](https://twitter.com/100trillionUSD) hypothesis on b I t c o I n. + +I think GameStop could benefit some cash to this asset that cannot be inflated away, and as Elon proved, can be turned from cash-b I t c o I n-cash instantly. + +More importantly, though, I think the company should allocate a portion of that to staking e t h e r e u m and offering the ability to stake to GameStop’s user base. + +In the future, I believe GME values decentralization of ownership of our digital assets, which is why we should buy and mint NFT’s on GameStop’s Blockchain. + +For the less blockchain familiar GameStop users, I think GameStop should open up the protocol to allow ETH2 staking with GME? Empower the players to secure the metaverse? + +For the balance sheet though, if you're staking on E t h e r e u m 2.0, E t h e r e u m 's parallel PoS network, your operations are earning you a roughly 8% annual percentage return (APR). T**his number is higher than the rate of inflation that we covered as well! Yes, E t h e r e u m fluctuates in price, but as we covered above, staking will also further secure and make the network stronger, which in turn does the same for the metaverse!** + +EIP-1559 is in flight. What this means is that net "issuance" of new coins minted is going to be dramatically lowered. To put it in perspective, the issuance rate right now is 4.5% per year, the estimates for the issuance rate after EIP 1559 is implemented are .5 - 1%. Why does this matter? + +So b I t c o in issuance halves every 4 years right? (this is what makes the stock-to-flow model tick) Well, an issuance drop from 4.5% is the equivalent of 3 halvenings happening at one time. (4.5 cut in half to 2.25 again to 1.125 and again to .56). E t h e r e u m is already at a multi-year low supply on exchanges, once this happens E t h e r e u m will become more instantly scarce. People have dubbed this the "Cliffening". + +**I believe this increasingly scarce asset that will also secure the metaverse would be a great place to place cash to avoid inflation!** + +EDIT 1: Many in the comments are viewing the crypto turn to fight inflation as me turning to shilling crypto. My response to that is: + +[Again, I understand that RC and company are going to be deploying a lot of that war chest but how do we best protect the cash war chest in the interim?!?! ](https://preview.redd.it/53wm6muddf971.png?width=826&format=png&auto=webp&s=68e07ffe18433ea474db230136b470bf1c3fbb70) + +[Elon has done it and seen this technique make his company more money than they have by actually selling cars? RC and GameStop bring the metaverse fire! ](https://preview.redd.it/8kfhlvl4tf971.jpg?width=375&format=pjpg&auto=webp&s=5df969267ceae2f21223f6e19cbb4bed2222c4d5) + +Edit 2: The E t h e r e u m London hard fork (which includes EIP-1559) has been confirmed for block 12965000 on August 4th 👀 + +TL:DR – I believe inflation is the match that has been lit that will light the fuse of our rocket. +I started trading stocks last year when corona happened just like other people did. I'm a university student who got laid off due to the pandemic and have yet to find a job since. When meme stocks blew up (BB, AMC, NOK, and GME or BANG) I jumped on the bandwagon thinking it's a fast way to make gains overnight instead of waiting for a company to grow organically. I spent 80% of what I have to my name and bought out shares of BANG, unfortunately, I have now lost 75% of my initial investment. Really expensive lesson but now I've learned and will grow from this and come back stronger. Luckily, I made a deal with my mom when I started university so I don't have any bills to pay other than phone bill, gym membership, netflix, spotify etc. Just the basic stuff so I can still live off of what I left myself with for at least a few months. I'm also in the last semester for a Computer Information System degree so I'm hoping that I can get a job and get back what I lost. I will be holding my meme stocks until I die as a reminder of my very expensive mistake. If they go up great, if not it's no big deal as I have come to finally accept that I lost. Just something I wanna get out of my chest to be at peace with myself. + +edit: Really thankful that you guys are really supportive. For everyone on this thread who also said they lost money on GME hopefully we all bounce back from this stronger than ever. +I guess this sub is appropriate for me now. + +Basically for the past few years I’ve been slowly accumulating different crypto coins, and one mistake caused me to lose everything. + +Because my portfolio grew very quickly, the majority of my networth was in crypto (like 90%), so I guess another mistake was not taking profits. I’m a student, and that was life changing money. + +I’ve got scammed and revealed my private key, and my wallet was wiped clean. + +I guess I can only cut the loss, and start from zero. Going to buy some ramen right now. Peace. + +Be safe and careful. +We’ve got some fresh DD and its really exciting. For those of you living under a rock, catch up here: + +[https://www.reddit.com/r/Superstonk/comments/pgp4ed/gamestop\_is\_exposing\_the\_biggest\_financial\_crime/](https://www.reddit.com/r/Superstonk/comments/pgp4ed/gamestop_is_exposing_the_biggest_financial_crime/) + +[https://www.reddit.com/r/Superstonk/comments/pguixz/buy\_buttons\_being\_turned\_off\_anyone\_else/](https://www.reddit.com/r/Superstonk/comments/pguixz/buy_buttons_being_turned_off_anyone_else/) + +[https://www.reddit.com/r/Superstonk/comments/np33hr/amazon\_bain\_capital\_and\_citadel\_bust\_out\_the/](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/) + +Counterpoint to this sticky: + +[https://www.reddit.com/r/Superstonk/comments/ph2z2q/the\_whole\_amazon\_jeff\_sears\_blockbuster\_tsunami/](https://www.reddit.com/r/Superstonk/comments/ph2z2q/the_whole_amazon_jeff_sears_blockbuster_tsunami/) + +I understand why we are seeing this increasing trend of Sears/Blockbuster/Amazon posts and honestly I can’t blame you. Here is the issue however. The vast majority of these are super low effort screenshots like “WUT DOING SEARS?” with pictures of the same tickers. + +Understand that not only is this creating a snowball effect but its completely clogging the forum and you are actively preventing potentially valuable content from reaching the Apes. We are here to talk about GME and it seems like these stocks could indeed be related. We are here because some wrinkly apes have spent tons of time researching and connecting dots. I know you just want to participate and do your part but its creating a major problem. Not only are most of these posts blatantly violating the rules but every single shitpost like this prevents good posts from rising. + +If you are going to put effort in and are furthering the conversation, FANTASTIC! If you are just hopping on a trend for that sweet karma you are NOT helping. We are going to be very aggressive for a while in our moderation until this is under control. Please make room for the DD writers and high effort posters. Please report posts that are clogging the forum. Please understand we don’t want to have to do this but right now there is no other option. + +I know i’m gonna get heat for this and a lot of people are gonna complain. We aren’t taking punitive action against the majority of posters. We get that you are just having fun but know if you circumvent these removals, if you literally spam or if you are encouraging people to buy into other “squeezes” you are gonna catch a ban. I honestly believe this is mostly organic. We are not trying to stifle discussion we are trying to make room for constructive discussion. Please follow the rules and play nice apes. + + +EDIT: Thank you everyone for the great feedback on this. We have some creative solutions we are working on this weekend and will hopefully update you all soon. +Been broke most of my life. I hate work. I do as little of it as I can manage. Jobs don't pay, in my experience. Motivations aside, I assume that neither of us have any money for this venture. We're still going to have a good time, eat right & avoid going without as best we can. There's a few things we can do that just keep costs down & allow you more resources for drugs or sex toys or cigars or whatever. + +Shoes: they're expensive, they effect every step you take & shouldn't look like they're 10 years old. Mine are 10 years old. Buy military boots. Preferably jump boots or winter boots, I have one pair of each. You won't be wearing them in a war, so they last a while. Idiots who jump to conclusions will assume you are a war hero, so if there's dumb patriotic people around you'll almost certainly be treated well & thats always nice when youre broke. Also, literally everyone looks good in boots. + +Food: this is a big one. Make or break happens a lot in this category. You have never heard of a "rest-a-raunt," sounds fancy/expensive. Noodles, potatoes, lentils, beans, cornbread, oatmeal! Stay cheap, plan ahead. 'Convenience' costs extra, so make more than you need & eat leftovers. Get a damn crockpot. Pork roasts, sausages, eggs & tenderloins are all great protein sources that cost very little. Slice a cheap tenderloin into boneless chops for several cheap meals! Stews are the greatest thing ever & cost very little to make a whole lot. Ground flax makes a great stew thickener & a huge bag is like $4. Another good practice is to buy bulk. I buy 50lb bag of rice & vermicelli noodles by the bale. Even if the money all runs out, I already bought the noodles! Grow beans! Beans easily grow fucking everywhere, require very little space & care. Growing food is like printing money. Mustard greens & radishes are also very quick & productive but require very little from you. Check out the international markets! Maybe you can score a daikon or similar large veggie for cheap! Lamb sausage, beef bacon, shark steak...you'd be surprised how cheap I've found them! I had a friend from another country show me fruit syrups/molasses. Pomegranate syrup is very cheap & a little bit added to a gallon of water with palm sugar is a heavenly drink on a hot day. + +Vice: stop smoking! Ok, yeah, I can't quit either. Easier said than done, right? Smokes are too expensive for us poors...or are they? Couple things to consider: nic lozenges. Theyre not too shabby, I think. Very good on price! $25 gets me 3ish weeks worth. I supplement actual smokes with them. For example, ill get a 20 pack of decent cigarillos (punch or Excalibur, typically) for $15ish & only have 2-3 a day. I just have a lozenge the rest of the while. If one wanted to get REAL CHEAP, I would suggest buying a decent tobacco pipe for around $50 (save up) & smoking pipe tobacco for around $5ish an ounce (an ounce used to last me well over a week) from a pipe shop. I used to buy a massive bag of decent pipe tobacco the size of a good watermelon for about $15 & smoke it for months. Talk to the pipe shop guys, they can get you deals & promos & samples. + +When in doubt: just ask or check the trash! All sorts of perfectly good shit gets thrown away for no fucking reason. You need to try & intercept that shit. Even better if you can match it to people who need a helluva deal (for a small fee). Find the guy who hauls the trash, he's prolly broke too. Y'all are friends now. Bring him some of your stew & tell him where you got these cool boots +. +Friends: holy shit you need friends! They'll help you find good deals, be your roommate or share some stew! Friends can find you house parties, scrap copper & better jobs (if you're into jobs). Friends will also provide cheap entertainment & might even keep you off the street when things get real bad. I once slept on a friend's kitchen floor for 3 months in exchange for cooking win-cakes & rolling joints every night. Win-cakes are pancakes with candy in the batter, for those who've never truly lived. +Be broke, don't be a mooch. People really do know the difference. Share what you got, especially knowledge. I figure if this guide helps just one person be a little more comfy while in poverty, then I've done my part. + +For more broke-ass, no-money-havin, empty-pocket tips 'n tricks...talk in the comments or hit me up. I been broke a long time & I like helping people. +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) +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) Last ban length: 1,048,576 days + +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/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Econ can be a fascinating tool for rethinking your decisions and re-imagining life. On the other hand, it can look like a pile of meaningless charts and statistics. Especially for degree holders, what really got you excited about the field? +I live in the North Bay Area which is currently burning to the fucking ground. It just hit me, as I'm packing a bag and waiting for evacuation orders, that I am now jobless. I have absolutely no idea what to do in this situation. Any advice would be appreciated, and I'm sorry if this is not the right sub to post this in. + +Edit: North Bay Area, California. Sorry for the confusion, my polite Canadian friends. + +Edit 2: got a hold of my GM. He's been evacuated and has been up all night. He is understandably frazzled right now and doesn't really know what to do either. He said he will get in touch when he knows something ad he is currently stuck in traffic. + +Edit 3: Thank you everyone for all your advice and well wishes! I filed a claim with unemployment and they were extremely helpful and understanding. If it turns out that I will still be getting paid I can cancel the claim, but if not, it has been filed ASAP. My heart goes out to all those who have lost their homes, business, and have missing or injured loved ones. +What is going on. It’s not even subtle what they are doing. Surely someone has to do something. It beggars belief that all the agencies do nothing. + +What is it going to take for GameStop themselves to do something? And when. It’s a joke ho blatant this shit is. + +I’m nit going anywhere but honestly you americans are proper fucked. Your whole financial system is a joke +An economic indicator that has predicted every major recession since the 1960s is sending another warning. + +It’s called the U.S. Treasury yield curve and, when inverted, is considered to be the most reliable indicator of an upcoming recession. As of July 2019, the curve has been inverted for an entire fiscal quarter. + + +Normally, long-term bonds yield higher interest rates than short-term bonds. If represented on a graph, this phenomenon would look like an upward slope. However, when the curve becomes inverted, short-term bonds yield higher interest rates than long-term bonds, which creates a downward slope when represented on a graph. + +The yield curve model was originally developed by Canadian economist Campbell Harvey while he was completing his dissertation. In the three recessions since his dissertation was published, including the 2008 financial crisis, the curve was inverted before each one. + +Harvey is “very confident” the current inverted curve could be indicative of another recession on the horizon. + + + + +https://globalnews.ca/news/5459969/financial-crisis-2008-recession-coming/ +Yo whatsup guys, I think there’s a misconception out there that when you trade The Wheel, all the premiums are free money and as long as you sell covered calls above your cost basis you’re good. While this isn’t totally wrong, it’s missing the big picture and how you can maximize profits when trading the wheel. + +Wherever you are assigned above your cost basis (I know this phrase triggers tax nerds but it’s time for you guys to accept it) is the profit you will make. You might sell 50 CSPs that brought your inevitable cost basis down to $4,000, but if you sell a covered call above your cost basis at $45 dollars per share and get assigned, receiving a credit of $4,500, you end with a profit of $500. $4,500 in after $4,000 out is $500 left over. + +This goes to show that you shouldn’t just sell *anywhere* above your cost basis. If your CC premium and strike cause you to receive a total credit equal to your cost basis when assigned, you’re at break-even. All that time and effort selling CSP’s has gone to waste. + +So keep that in mind. Wherever you are assigned above your cost basis will be your net profit, no matter how many CSPs you sell. + +So this makes CSPs the name of the game. They are your weapon of choice. They reduce your cost basis with no obligation to sell at a particular strike because the strike does not determine whether you end with a profit or loss. They are your bread and butter *because* they reduce your cost basis, making it easier to secure a fat bag when you are assigned and start selling CC’s and get assigned again. + +This is also why you roll your puts and avoid assignment because you want to stay in the world where you are able to reduce your cost basis freely and without restriction. + +Cash secured puts are your bread and butter. Do not view your premiums as money in, but as a way to reduce the cost of the stock once you’re assigned your put, making it easier to sell a covered call for a juicy premium with a strike well above your cost basis to secure a hefty bag. + +If you can’t sell a CC far enough above your cost basis to secure a fat bag if assigned while collecting a juicy premium (likely because the stock as gone down), then wait for the stock to recover. Then once you can sell with a strike well above your cost basis for a nice premium, pounce. And of course continue to roll. Once assigned, enjoy the profit that is the difference between your cost basis and where you get assigned your covered call. If you get assigned 1 point above your cost basis, all those premiums you collected? Wasted. + +Edit: Yes, this is mental gymnastics. You get the same P/L calculation from just adding up all your premiums then adding/subtracting your P/L from assignment. In other words, if you collected 1.00 in put premiums, get assigned your put at $105, then collect 1.00 in call premiums, then get assigned your call at $106, your P/L is ($200premiums+$100capital gains=$300). Or you could look at your adjusted cost basis which is $105-2.00=$103. Then take the difference between your assigned call strike and your adjusted cost basis ($106-$103=$3.00/share or $300). + +You get the same answer. It doesn’t matter. Do it either way. Viewing it in terms of adjusted cost basis gives you psychological confidence to sell covered calls below the actual cost of your shares while the stock decreases, potentially collecting more premiums while the stock slowly recovers. If you view it as separate positions, selling calls below the actual cost of the stock has the psychological impact of feeling like you’re gonna end up deleting your premiums. Which in reality, either way, that’s what you’re doing when you sell and are assigned below the actual cost of your shares. + +Pick your poison, doesn’t matter to me. +GAMESTOP CORP SAYS TRADING WILL BEGIN ON A STOCK SPLIT-ADJUSTED BASIS ON JULY 22, 2022 + +&#x200B; + +GAMESTOP UP 5.2% IN EXTENDED TRADE AFTER CO ANNOUNCES STOCK SPLIT + +&#x200B; + +[GAMESTOP UP 5.2&#37; IN EXTENDED TRADE AFTER CO ANNOUNCES STOCK SPLIT](https://preview.redd.it/4gpy04rha0a91.png?width=472&format=png&auto=webp&s=078afae5922b9fa046276b2a06db2e785f6b6e2c) +I have been trading Forex for about a month and just had my 1st big win. I made 150 pips on EUR/USD :) + +I don't use any indicators whatsoever and only use Price Action. + +I was trading on the 4H time frame with entry and exit using 30 mins. + +I entered the trade at around 10:30 PM and exited at around 2 PM next day. + +&#x200B; + +My near term goal is to survive the 1st 90 days and build from there. + +[Arrows mark my Entry and Exit Areas. ](https://preview.redd.it/4lcjonpdekm81.png?width=1834&format=png&auto=webp&s=ac3cda3b7ccd3ff4240fdb22f4fd3074361a3a7f) +Companies I have heard are going bankrupt in the past week or so: + +AMC + +Virgin Atlantic (AUS) + +JC Penney + +Neiman Marcus + +Any that I've missed? This is actually starting to happen faster than I expected. The next drop will be a doozy. +Some of us have been in crypto for quite some time, a few even as far back as 2010 or more. Through trial and error we all found out small (or big) “lifehacks” that newbies should know from the very start. + +Please feel free to share your most useful lifehacks that you found while walking the streets of DeFi. + +My top 3 lifehacks are next: + +1. when moving funds across exchanges be smart and use XLM or ALGO for super cheap and super fast transactions. + +2. use bookmarks to avoid getting on a phishing site by accident. Google doesn’t do much about preventing phishing sites to appear in search results, so bookmark them for your safety + +3. use whitelisting addresses on exchanges to strengthen your security. Its easy to set it up and effective so that your funds cant go anywhere but to your wallets +https://seekingalpha.com/news/3611885-teslaminus-4_3-s-and-p-500-rebalance-skips-automaker + +>In a fairly heavy shuffle, several companies are moving among the S&P 500 Index, the S&P MidCap 400 and SmallCap 600 as part of September's quarterly rebalance. + +>Not added to the S&P 500 in the rebalance: Tesla (NASDAQ:TSLA), which is down 4.3% after hours. + +>Moving into the S&P 500 are Etsy (NASDAQ:ETSY), Teradyne (NASDAQ:TER) and Catalent (NYSE:CTLT), as more reflective of that market space. Making room for them are three names heading down to the MidCap 400: H&R Block (NYSE:HRB), Coty (NYSE:COTY) and Kohl's (NYSE:KSS). ETSY is +5.4% postmarket; TER +3.1%; COTY +0.8%; KSS +0.5%. + +>Making a market-cap move up to the MidCap 400 are SmallCap 600 constituents Wingstop (NASDAQ:WING), Medpace Holdings (NASDAQ:MEDP) and Fox Factory Holding (NASDAQ:FOXF). They're replacing PBF Energy (NYSE:PBF), Allegheny Technologies (NYSE:ATI) and Mack-Cali Realty (NYSE:CLI), all of which head down to the SmallCap 600. After hours: WING -0.9%; PBF +0.8%; ATI +3.5%. + +>Jazz Pharmaceuticals (NASDAQ:JAZZ) is also joining the MidCap 400, replacing Transocean (NYSE:RIG), which is no longer representative of the space. After hours: JAZZ +4.8%; RIG -0.8%. + +>And Mr. Cooper Group (NASDAQ:COOP) and R1 RCM (NASDAQ:RCM) are joining the SmallCap 600, replacing Express (NYSE:EXPR) and Pennsylvania Real Estate (NYSE:PEI). After hours: COOP +1.5%; RCM +7.1%; EXPR -0.5%. + +>All moves are effective prior to the open of trading on Monday, Sept. 21. + +You can find the direct link [here](https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20200904-1214656/1214656_finalmigraseptetsyctltter30.pdf?force_download=true) (PDF warning) +"We have a long history of testing new technology – including alternative-fuel trucks – and we are excited to be among the first to pilot this new heavy-duty electric vehicle," the company said in a statement to CNBC. + https://www.cnbc.com/2017/11/17/wal-mart-says-its-planning-to-test-teslas-new-electric-trucks.html +I turned in my car lease today and they offered me a $250 check and cancelled the turn-in fee. I asked them why and they gave some bullshit answer of “we like to help out our customers.” + + +I’m totally okay with this since I was fully prepared to pay the turn-in fee, I’d like to know why this happened if anyone has any idea. + + +Car: 2021 Honda Insight + + +Update: FML +# I had every intention of being all done with this very fun project, and then ... + +https://preview.redd.it/rrb4emsha9f71.jpg?width=666&format=pjpg&auto=webp&s=ae9b6972a707e0dc0302cfddb5f1e76cc4f553b3 + +So some glorious, generous ape (who would like to remain anonymous) went ahead and funded/launched another GCS survey, duplicating my methodology but swapping out $GME for $AAPL. + +In other words, we finally have a control, and what is shows is **AMAZING!** + +Before we get into the tasty bits, let me start by saying none of this is financial advice. Please do your own due diligence, question everything, and never invest more than you can afford to lose. My personal advice (again, not financial advice, but what I am doing) ... I'm buying shares of $GME, hodling shares of $GME, and shopping at GameStop every chance I get. + +If this project is totally new to you, I suggest checking out the two links below. + +The first link is my initial Google Consumer Survey post, and it contains tons of information about my methodology, research biases, sample size analysis, etc. + +The second link was my most recent (and, I thought, final) post on this project. It also contains what was, at the time, my best guess at how many $GME shares I thought were in circulation in total. Although after seeing these AAPL results, my new guesstimate would be much higher. + +Initial research post (with tons and tons of detail): [https://www.reddit.com/r/Superstonk/comments/o2cnd4/using\_randomized\_representative\_surveying\_data\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o2cnd4/using_randomized_representative_surveying_data_to/?utm_source=share&utm_medium=web2x&context=3) + +Most recent update (with N=2,200 results): [https://www.reddit.com/r/Superstonk/comments/omdafo/final\_update\_of\_google\_consumer\_survey\_n2200\_at/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/omdafo/final_update_of_google_consumer_survey_n2200_at/?utm_source=share&utm_medium=web2x&context=3) + +For anyone new and too lazy to be bothered with the above links, here's the skinny (TL;DR) ... I used Google Consumer Surveys to model $GME ownership among a sample of 2,200 U.S. adults using a randomized, representative survey. With these results, I was able to extrapolate ownership across the whole of the U.S. While this isn't a scientific study per se, and it certainly has its shortcomings, I have discovered this to be the best shot we apes have at understanding the minimum number of shares held by retail investors. + +# VERY IMPORTANT -- PLEASE READ CAREFULLY + +**This research is intentionally designed to provide an underestimation of shares held. This research is not about providing the precise number of shares held, but is instead about establishing a minimum threshold for shares held. The thesis for this project is that U.S. retail investors hold more than the Outstanding shares of $GME, so more than 73MMish shares.** + +**Two specific elements of the research's ensure this is the case:** + +**1) Survey response buckets of shares held (see survey links) were intentionally capped at 101 shares ... in other words, if someone responded to the survey and they have 600 shares, 499 of those shares would be completely excluded from these results; only the first 101 of their shares would be counted.** + +**2) Coupled households have received a 50% penalty for all shares held ... the reason for this is to ensure shares are never double-counted, which is good, but at the same time this approach completely discounts coupled households where both individuals might hold shares in separate accounts, and it assumes all shares held in coupled households are held jointly.** + +**The result: the derived number of shares held is most certainly a fraction of the true number which is okay, because again, the premise of this research was simply to show that U.S. retail owns more than the 73MM outstanding shares of GME.** + +So without further ado, here are the updated results with the $AAPL control, as well as links to the actual surveys. + +[If I have made any mistakes in the above maths, please let me know. I assure you any errors are not intentional, but I'd definitely welcome the opportunity to correct.](https://preview.redd.it/6bqkw9aka9f71.png?width=1854&format=png&auto=webp&s=27e667d7278d0cbe1ce01ed7b207a36d73046406) + +**$GME Survey Links** + +Survey #1: [https://surveys.google.com/reporting/question?hl=en-US&survey=sv2uhkuhypyl6olmiokx2zzkma&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=sv2uhkuhypyl6olmiokx2zzkma&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +Survey #2: [https://surveys.google.com/reporting/question?hl=en-US&survey=gei6t23feekehqpuxr5woosr5a&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=gei6t23feekehqpuxr5woosr5a&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +Survey #3: [https://surveys.google.com/reporting/question?hl=en-US&survey=emu6442dcciv66jbwetrmxrea4&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=emu6442dcciv66jbwetrmxrea4&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +**$AAPL Survey Link**: [https://surveys.google.com/reporting/question?hl=en&survey=wp5w7doz32utrdf24xk3wxuqwa&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en&survey=wp5w7doz32utrdf24xk3wxuqwa&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +# So what does this new $AAPL control data tell us? + +Well, for one thing, it clearly demonstrates what a massive underestimation this methodology produces. It's certain U.S. retail investors own way more than 367 million shares of Apple. In other words, this methodology is doing exactly what is was designed to do ... show just the tip of the iceberg. + +While I had a very tough time discovering exactly how many shares of Apple U.S. retail investors might own, I can tell you it's a hell of a lot more than 367 million shares. Apple has about 16.5 Billion shares outstanding, and even with 11.7 Billion shares held by institutional investors (per [fintel.io](https://fintel.io)), and another 1.1 Billion shares in ETFs (per [etf.com](https://etf.com)), that still leaves about 3.7 Billion shares. Let's assume only half of these shares reside within U.S. hands, so that's 1.85 Billion. And let's assume half of these are with Insiders, family funds, or small institutions that don't report. So we are left with a paltry 925 million shares of Apple, compared to 16.5 Billion Outstanding. Even after we hack and slash our way here, it looks like this methodology, the very same methodology we used for GameStop, is producing an estimate that is at best only 40% of the actual. + +Throughout the comments in my previous posts, people were clamoring for a control. Well, now we have one, and it seems to strongly support what I have thought all along ... hard data (really the only hard data we have) continues to suggest there is an epic buttload of $GME shares way, way beyond the number authorized by GameStop. And not just a few shares, but tens of millions, and likely hundreds of millions. + +So remember ... no matter how much they say the squeeze has squoze, no matter how much they tell you the shorts have closed, no matter how many times they tell you you're wrong, it's just like Max Fischer claiming to get a handjob from Dirk Calloway's mom in the back of a Jaguar. It's nothing but ... + +https://preview.redd.it/3xhooy0oe9f71.jpg?width=1184&format=pjpg&auto=webp&s=755d3b5ec7953682b5eec49c0909e725a4350076 + +# Stay buckled up, and HODL! +Not really the best when it comes to financial planning so I guess I’m really starting from scratch...wondering if you guys could give me top 3-5 things someone my age should be doing with their money! Thanks!! +Ethtrader has literally turned into shitpost memes stacked on top of more memes. General discussion has turned into chickens with their heads cut off. How come nearly more than 50% of the posts on the front page of this subreddit are memes? +Last post re: earnings/documents wasn't taken so well even though I still stand by it but this is insanely bullish🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀for min character count +This is from his latest podcast with Laura Shin. I was surprised to hear this as I had been under the impression for a long time now that it would be roughly 5-7%. + +edit: +LINK: https://itunes.apple.com/us/podcast/unchained-big-ideas-from-worlds-blockchain-cryptocurrency/id1123922160?mt=2#episodeGuid=c616ecd7b2df6bcebeeeed77ec53a101 + +edit2: starts @ ~35:20 +The media has recently started warning New England about upcoming blackouts this winter, due to high natural gas prices and a lack of supply. + +I'm warning you now that if New England experiences a blackout(s) as severe as Texas' in February 2021, we should all be worried. Neither would be an accident. Here's why... + +To a normal person, blackout warnings may sound like nothing out of the ordinary, but I spent almost a decade in the energy industry working for a commodities broker and then for our utility. I've researched and written an extensive amount on the energy markets. Believe me, this is out of the ordinary. + +Blackouts due to energy prices and lack of supply in the New England **do not happen**. If you're from New England, you might be thinking "what are you talking about? I've had the power go out before." Well, that wasn't a blackout, it was a brownout. The whole region didn't experience a power outage because they had no electricity, a much smaller part of the region was out, likely caused by severe weather conditions damaging a part of the power grid. + +New England is the most regulated power market in the country. Since prices can be volatile due to extreme weather snaps and lack of supply/pipeline into the region, New England holds something called an Annual Capacity Auction in order to secure adaqute natural gas supply for the upcoming year. Natural gas is what we use to generate electricity, because it's the cheapest. + +In this auction, our region purchases more than enough natural gas needed for the upcoming year so they do not run out during periods of high demand. Capacity costs are built into electric bills. + +The media blaming high gas prices for potential blackouts is flat out a lie, and the claim is *impossible*. We already bought extra supply, and at a time when prices were much lower. + +Another reason is because our state does not shut down the power grid due to lack of natural gas supply. Ever. Unlike unregulated markets we not only have a capacity auction, we have backup energy supply in case of extreme emergencies, which is also built into your energy bills. + +We don't dip into our emergency reserves just because we run out of natural gas, and we ESPECIALLY don't dip into it because of high prices. + +If natural gas supply is inadequate, we will generate power in extremely costly ways to keep the grid running. **There are no blackouts.** Our grid has an "everything must run" policy. While it's much cheaper to generate power using natural gas, if supply is inadequate, they will literally fly in jets to generate electricity to power the grid in a worst case scenerio. It's extremely expensive, but they don't just let the power go out. + +What also makes this even more crazy is that energy demand isn't even expected to be high this winter. A significant amount of your energy bill and demand on the energy grid comes from heating and cooling. It blatantly says in the article "Overall, the power grid operator is anticipating a relatively mild winter based on long-term forecasts by the National Oceanic and Atmospheric Administration," which means people won't be using that much energy this winter. + +Last February I wrote the most in depth article about the extreme blackout in Texas that you could possibly ever read. I knew the event was due to lack of regulation, failure to maintain equipment, and failure to properly weatherize the grid, but thought that was it. I remember joking with coworkers after I wrote the piece that I'm glad it will never happen in New England. + +I wish this were FUD, but it's the reality of the situation. + +TL;DR: The media is blaming potential blackouts on high natural gas prices, but New England does not shut down due to high prices. The only explanation is probably closely related to an upcoming market crash and/or corruption. + +Edit: I hate giving the media traffic, but here's an article that was posted on another sub, which prompted to me write this post...in case anyone wants proof: [Rolling Blackouts Possible This Winter, Regional Grid Warns](https://www.wbur.org/news/2021/12/11/rolling-blackouts-possible-this-winter-regional-grid-warns) +Edit: Guys, this is about to pump and dump, HARD. You are all the perfect targets too. All apes know is buy and hold? Guess who's going to be left holding the bag? idk how else to say it- I'm trying to warn you all- + + YOUR 💎👐 MAKE YOU THE PERFECT TARGET FOR A PUMP AND DUMP + +I also want to make it clear that even if someone is trying to P&D this on apes, that does not mean SLGG is doing that. All of the merger/acquisition rumors could be true, and there could still be a third party that already has a long position influencing the stock price + +Original Post: + +Take all of the arguments for not allowing movie theater stocks here, and think about what your doing. + +Is it fine to throw some change at SLGG? + +Sure, I did it myself with a couple calls weeks ago. + +But the amount this price is moving is concerning. + +DO NOT GET DISTRACTED FROM THE ONE AND ONLY + +BUY GME. HOLD GME. VOTE GME. + +🚀🚀🚀🌕🌕🌕🌕🚀🚀🚀🌕🌕🌕 +Link: https://www.quantconnect.com/forum/discussion/13441/alpha-streams-refactoring-2-0/p1 + +The [TL;DR is overfitting](https://lh3.googleusercontent.com/O8G-XgfewhTXXthuvYAQeCsDRgDm3pqidjgmEet8AnLwoEPYcCI_dV6yTb2sIy8LFiX6R8UrAMyRmw_tOjZ56kdTyLZZR-oO_HS6R4WbvSDdoY8_vWxb6O2eLHz2hSh9K92D990R) that on out of sample data with actual live trading that most algorithms were negative sharpe. + +>We researched taking a “needle in a haystack” approach and only selecting the top 5% of the Alpha Market but after eliminating illiquid alphas, and a few crypto outliers, the remaining alphas underperformed the S&P500. We also explored taking uncorrelated alphas and adding them to a broad market portfolio to complement performance but they were not additive. + +I've personally created hundreds of algos on QuantConnect, and it is hard to get a probabilistic Sharpe ratio above 1.0 to even submit to the alpha market, and even harder to get it to hold up on out of sample data. If the best of the best couldn't make it - then don't beat yourself up. + +I'm writing this post as I thought I had yet another holy grail algorithm. Recently a new brokerage launched called Atreyu. Their specialty is they have a fiber connection to every stock & option exchange, and they allow retail direct market access through QuantConnect. They let you decide to route orders to any exchange you want. They allow accounts as low as $25k as long as you keep pattern day trader status. They also act as a prime broker and will clear trades for you which gives you certain advantages in the intraday space. + +They posted a sample algorithm that did inter-exchange arbitrage but it turned out the sample had a ton of bugs in it and wasn't performing ideally (lets just say the quick code they wrote missed over 90% of opportunities in the data.) I fixed the bugs, verified the trades, and the results were outstanding: + +[338% CAGR 14.82 sharpe 1 mill account](https://i.imgur.com/euGlWBC.png) +[Runs really well on $100k](https://i.imgur.com/pS6EsKz.png) + +Then I was salivating to sign up for an Atreyu brokerage account. I then decided to do some reality modeling and queue the targeted exchange market orders by 10 milliseconds. [It fell apart.](https://i.imgur.com/al7qdnM.png) And yes, I also explored 5ms (still losing), and 1ms of latency (break even.) + +Algo trading is hard. There's a reason in the HFT world there is a ton of microwave tower communication ;). The speed of light is  0.70c in fiber, while 0.98c with microwave frequencies. It's likely this algo would have never worked live. It's clear you need ASICs with microwave towers to try to jump in this space. + +Also let it sink in that this failed inter exchange arbitrage algorithm with 0ms latency is at the 92nd percentile on their platform. There is 8% of a huge number of algorithms that has sharpe and total PnL characteristics better than that, they decided to take the top 5% that actually submitted them to the alpha market, and they didn't do better than the S&P 500. + +I personally feel a lot better about my hobby exploring algo trading. I'll keep coding away at the next algo! +/u/nooku: + +I see a lot of newbies entering the market, people who hear about Ethereum. If you are such a person, you might be a little bit confused about why there is the Ethereum coin (ETH) and the Ethereum Classic coin (ETC). + +Here is the story of what exactly happened. This is not research, but a first-hand story. I was there when it all happened, in the middle of it. And active in **all** involved communities. + +#It all started during the spring of 2016: + +There was only one Ethereum coin you could buy (ETH). The Ethereum world computer was online for not even a year. Most investors invested in Ethereum because they saw this world computer as something that could change and transform the world. This is not new for you guys reading this now, you are starting to see the potential too. But these early investors were visionaries. They could already see it before it started to happen. + +They saw the possibilities and were excited about what had been built. Excited about what was still going to be build. + +So here follows what the early adopters did next: + +#Growing the eco-system + +An important task at that moment in time, was to grow the eco-system. Companies and startups would be created and motivated to play around with the possibilities of this new technology. + +Thus the early investors were going to work together to build the eco-system up. + +More than a thousand well intended investors had allocated a major part of their hard-earned wealth into a program / contract running on Ethereum (*the contract was named TheDAO*) which was created with the goal to fund startups in the eco-system for at least the next 4 years. + +The idea and the intention to grow the eco-system with this money, was so grand that more than **11 million Ether** (12 % of all ETH in circulation) were allocated to this contract. With the sole plan being that these funds would then later be redistributed over **hundreds of different projects**, all trying and building different use-cases for Ethereum. + +#Then summer came, and a software bug + +Then, for all these investors, the unthinkable happened. Due to an obscure bug in this contract, hackers managed to hijack and steal all of these funds. + +11 million Ether, now worth **more than 2 billion USD** that was meant for the growth and success of Ethereum, could now no longer be used. It was a doomsday scenario for the Ethereum world computer and all dreams and enthusiasm turned into a nightmare for both investors as Ethereum enthusiasts. + +#Bitcoin community celebrations + +There was joy too, on the other side of the crypto community. The biggest Bitcoin forum /r/Bitcoin , which was then famous for censoring (deleting) every single news piece on Ethereum, made an exception and allowed the posting of the "Great Ethereum hack". + +The supposedly pro-innovation Bitcoin-community celebrated the failure of another crypto-experiment that was trying to do something new. As if this was a competition instead of a collective project on building good things for the world. + +But their celebrations were premature. + +#The Ethereum community stuck together, worked together, and fought back. Successfully + + +Through a hard fork, the Ethereum Foundation together with the communities consensus executed a successful redistribution of these **funds** away from the rogue hackers **back into the hands** of those who **rightfully owned** these ethers before: **the investors**. This hard fork caused a split in the Ethereum chain, with the old chain and the new chain. + +The problem, the bug, the mistake, was undone. The money was once again in the hands of the investors, so it could feed the eco-system: a **VITAL** moment in Ethereum's history. + +And so it happened. All of the innovation that we've seen in the past year, and also the ICO's, got fueled by this money, money that was always meant for investments, growth. + +At the same time, not having 12 % of the coins in hands of 1 group of hackers, but instead distributed in the hands of the rightful owners, was another important element to ensure the Ethereum blockchain remains secure for the future (once we go to PoS, which I won't be explaining here now). + +Ethereum has now reached **$200** on this day, **thanks to the efforts** of the entire Ethereum community, both investors as developers. + + +#/r/Bitcoin's reaction: The creation of "Ethereum Classic" (ETC) + +But the Bitcoin community didn't approve of this success. Famous Bitcoin members like the /r/Bitcoin moderators, and institutional Bitcoin investors like Barry Silbert, who had been tweeting and posting about 'Why Ethereum can never work' in the months before the above chaos, initiated a new plan. + +The plan was to disrupt the Ethereum network by reviving the old chain. To prove that **'hard forks are dangerous' by trying to make Ethereums' hard fork fail**, trying to kill off Ethereum in the process. This was going to be their best and probably only chance to get rid of this young but strong innovative 'rival'. Thus, they suddenly allowed Ethereum posts promoting **the mining of the old chain**. They also spawned their own community around it, calling it 'Ethereum Classic' and **Barry Silberts** co-owned exchange 'Poloniex' raced to be the first exchange to start trading the coin of this old chain (ETC). Thus artificially legitimatizing the ETC coin. + +These old Ethereum-haters turned into Ethereum Classic evangelists. The Ethereum Classic community was being joined solely by people who had a posting history of negativity against Ethereum. *None of these people had any /r/Ethereum posting history, while having a lot of /r/Bitcoin activity.* + +How convenient for Bitcoin. + +#ETC is an Attack against Ethereum + +Let's make this clear here. Ethereum Classic is, and always has been, an attack **against** Ethereum, trying to disturb the cohesion of the Ethereum network and the Ethereum community. But let it be clear that the growth of Ethereums eco-system has proven that our community is much stronger and more vigilant than these attackers had hoped or imagined. The flippening, the moment ETH exceeds BTC, is coming closer every week. + +Every time you buy ETC, you are actively supporting an attack on Ethereum by donating your money to these people, with the added risk to lose your investment. Ethereum Classic has no community, no development team, no future in the real world. + +**It's a technological attack, and a monetary scam**, with its biggest investors and its biggest pumpers being people involved in Bitcoin, people like Barry Silbert. + +If you believe in the future of Ethereum, buy the real deal, the real thing, which is the ether, the ETH that is the only token that gives you access to the real network. + +If you want to diversify your wealth, I encourage you to do so. Look for the real interesting innovative technologies that want to bring something good to this world, to let us all move forward. Even Bitcoin has its place and role. + +If you have bought, or holding, or still planning to buy ETC, be ready to get hit by some nasty surprises down the road ( on those days - *and I can already foresee a few* - I will be linking everyone back to this thread right here, as a reminder). + +You can not build a future on a coin that's being sustained by rotten apples, scammers, with mal-intent and the lack of an intelligent development community. People are going to burn their hands, and lose their money. + +These scammers are losers. + +It's at our side, here in the ETH community, that innovation is to be found. The side of the inventor of Ethereum - Vitalik Buterin himself - and our collective team of thousands of developers who have created the greatness in Ethereum. Invest in them, support them. + +Be a part of history, not against it. + +#tl;dr + +**Ethereum (ETH) ~~Ethereum Classic (ETC)~~** +[(New Zealand does not fuck around telling you to buckle up)](https://i.redd.it/uc4ihmxts8691.jpg) + +[Part 1](https://www.reddit.com/r/Superstonk/comments/o2xz48/the_sun_never_sets_on_citadel_part_1/) | [Part 2](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/) | [Part 3](https://www.reddit.com/r/Superstonk/comments/pzfxnd/the_sun_never_sets_on_citadel_part_3/) + +Well hellooooooo, Apes. + +This is a series that focuses on Citadel’s market strategy. (I recommend reading 1, 2, & 3 but hey, that’s just me.) It started off with the perhaps naive question “*Why would Blackrock give Citadel the most epic smackdown in financial history?*” + + + +It’s time to start tying it all together. It’s time to discover **WILD SHIT**. And it’s time to find out the real infinity pool is the friends we made along the way. (Goodnight, sweet u/bluprince) + +&nbsp; + +Oh yes, and time to discover that Citadel is *FUUUUUUUUKT* + +&nbsp; + +Okay, first. I need to get you to a conclusion that sounds like it’s crazy. + +* Why is it crazy? Because it’s obvious. We all know it. +* **And still sounds like something a hobo would shout on a street corner.** + +After that is when the real shit begins. + +And I mean ***REAL SHIT*** + +&nbsp; + +#Nobody has put this together on Superstonk. + +&nbsp; + +You ready, buttercup? + +&nbsp; + +It’s time to **buckle up**. + +&nbsp; + +*** +*(This post will only refer to Citadel Securities – the Market Maker – unless noted.)* +*** + +#4.1 A Summary Review of the Empire + +To bring us up to speed: + +**Citadel Securities has 25% of all US securities trade volume** +[-](https://preview.redd.it/sdxlkna7gn591.png?width=949&auto=webp&s=309551575af74374e50f9acda1b28727dd9abb81) [sauce](https://www.citadelsecurities.com/products/equities-and-options/) + +* This means Citadel is buyer or seller on 1 of every 4 stonk trades in the US +* If true, this is close to [monopoly territory](https://www.marketwatch.com/story/sec-chief-warns-of-growing-monopoly-power-among-market-makers-retail-brokers-at-gamestop-hearing-11620323045). +* Citadel got here by several fronts: superior risk assessment, emphasis on technology, breadth of foothold, range of product offering, and more. +* Citadel also avoided regulations. They closed Apogee (regulated dark pool) and remained a Market Maker (MM) to forego Investment Banking and Prime Broker restrictions. +* It choked out the competition with purchases of competing MM assets, and by securing key roles at the most powerful exchanges (DMM at NYSE, largest MM at Nasdaq, CBOE). It even chartered its own exchange, MEMX, in a bid to lower trade and data costs while strengthening PFOF capabilities. +* This led to Citadel being a securities “wholesaler”, having enough supply or access to meet any order. +* *This* allowed them to become the US’s largest internalizer and conduct exchange activities inside its own walls. +* They offer access to their “liquidity” via Citadel Connect, which has grown to become one of, if not the, largest dark pool – without ever being classified as such. It leverages Citadel’s massive wholesaler inventory and extensive supply reach but without requiring exchange features or oversights. +* Citadel also captured 35%-45%+ share of retail orders through Payment For Order Flow (PFOF), a practice which avoids competition while providing leverage over dependent brokers. + + > “[Ken Griffin has] built an extraordinarily diverse organization… something with franchise value.” + > – [Institutional Investor, 2001](https://www.institutionalinvestor.com/article/b15134ls4fblx7/boy-wonder) + +* “Franchise value” means it is **replicable**. Citadel has copied their MM systems to nearly every market in the world. +* Their footprint is unequaled. Citadel has Market Making access or internalizing responsibilities in nearly all of the world’s wealth centers across Asia, Europe, the Middle East, Oceania, as well as North America. They are likely the world’s largest MM and internalizer, either by unit volume, $ volume, or revenue. +* Further, Citadel’s size, position, and competencies make them a material competitor to almost any player in the financial world. Even major, multinational Investment Banks and Prime Brokers consider them a serious threat. + +**In short, Citadel has positioned itself at the heart of markets worldwide. This position is not an exaggeration.** + +&nbsp; + +*** + +#4.2 The Court Record + +I can’t find where I read it now, but evidently Citadel rents out co-location space in its servers. + +&nbsp; + +Remember this. + +&nbsp; + +*** + +**But first, some backstory & context:** + +* *See how I just mentioned Investment Banks?* +* *Kenny has always wanted to be a special type of Investment Bank – a Systemically Important Financial Institution (SIFI) Prime Broker (PB) Investment Bank (IB) – (*more on this later*). Altogether, let’s call it a... S I F I P B I B, or a* ***Sifipbib***. (Stop laughing, Ken is really, really serious, guys.) + +* *Kenny really wanted Citadel to become a Sifipbib in the mid 2010’s, but didn’t get the right assets and people, and his plans fell apart. He resigned to being a MM, hoping it might give him some other advantages.* + +* (*Though, he* ***did*** *succeed in beating out those other Sifipbibs in the MM space, which I’m sure really floated his boat*) + +&nbsp; + +*** + +#4.3 Royal Charters + +What’s that? You don’t know what an ***Investment Bank*** or a ***Prime Brokerage*** is? You just thought it’s just another sleazy financial institution? Okay, here’s a… + +&nbsp; + +###**Dumbed Down Definition** +(you can skip to 4.4 if you know this already) + +Let’s start with **Prime Brokerages**. + +* If you run, say, a hedge fund, you will want to buy stonks and bernds. +* BUT, rather than do boring things like acquiring access to exchange floors, setting up trading desks, establishing regulatory processes, yadda yadda yadda…. +* …you decide to go to a Prime Brokerage, who has all that already. They’ll do it better for less. +* “For you.” + +*But, I like, have all that, like, through eTrade, or whatever.* + +Timmy, you have a browser with jumbo fonts. I’m talking about *Prime* Brokerages. + +* Remember the saying: "*If you owe the bank ten thousand dollars YOU have a problem, but if you owe the bank ten billion dollars THE BANK has a problem?*" +* A Prime Brokerage is a brokerage, but for LARGE positions. They don’t have a problem. +* The biggest Prime Brokerages are the “big boy” brokerages. They have huge balance sheets that can absorb the riskiest, most complex positions from the largest hedge funds (*cough, Archegos, cough*). +* Because they’re so big and so good at managing risk (hah...), they also offer customized “exotic financial vehicles” which have other features. + * Exotic products like: SWAPS (which hides client positions), DARK POOLS (taking positions in securities without affecting their price), CUSTOM BUNDLES (“tranches” of MBS, for example), and so on. + * (*Tell me where the “SWAPS” tab is on your eTrade account when you’re done napping at that bus stop*) +* The hedge funds you read about **actually don’t own a single security** – they have a contract with the Prime Broker who holds and does all the transactions on their behalf. +* And Prime Brokers have Dave-Lauer-type smart people working for their assets, representing them in the marketplace (i.e. **street cred**). +* All this for a price. + +In short, a Prime Broker is a big, impressive bank that offers custom flavors of investment products. They’re the “big boy club”, able to handle larger transactions that specialized firms can’t do themselves. + +* It’s how “Real Money” invests – hedge funds, giant pension funds, etc. Everyone else eats at the kid table. + +&nbsp; + +*But what about Investment Banks?* + + + +If Prime Brokers serve people, then Investment Banks serve **companies**. + +* Since you’re really good at pretending you have a job when your parents ask, how about you pretend you run a large company. + * Rather than try and sell your inkjet-printed “stock certificates,” you go to an Investment Bank, who promises you actual money in exchange for your non-imaginary stock offering. + * They handle all aspects of the issuance, regulatory, collateral, and technical process of raising funds, taking on debt, whatever your company needs – and they make their money with the difference between what they deliver you and what they receive from the market. + * (They handle these deals because of their market relationships and their familiarity with the exchanges and trading framework.) + +&nbsp; + +*Gotcha. Investment Banks for companies and Prime Brokers for people. So why do we care about these prime brokers that are investment banks?* + +Wow this is a lot of questions from someone missing so many teeth. + +* Like all of finance, it’s made-up bullshit. Which Ken Griffin cares about. +* The biggest Prime Brokerage Investment Banks are the hubs of the investing infrastructure, and as such, they are regulated more than others. +* They are called “Systemically Important Financial Institutions” (SIFI) – that’s an official term – and ***these are the real big boys.*** +* There are only a handful of them. They don’t fuck around. + * Ha ha, okay, they do, but in a waaaay different league than you. +* They are the biggest banks you've heard of – they even extend their services to countries and international trade organizations. Some are responsible for various aspects of US bonds, for example. +* Entire economies, even the world economy, relies on each of them to a degree. + +In other words, **Real Money** clients come to them for **Real Money** needs. + +&nbsp; + +Sifipbibs. + +&nbsp; + +*** +#4.4 Crusades + +**Suddenly,** you are magically placed back at Citadel’s trading desk – all their tools at your disposal. *What do?* + +* Your goal is to minimize risk better than these competitors can, specifically in securities. +* (Fortunately, Citadel enjoys some specialized tools that not even they have…) + +And by the way, do you know what the opposite of risk is? + +&nbsp; + +>!**Control.**!< + +&nbsp; + +>!So your goal is: *to control the price of securities.* That’s right: ***control the price of securities.***!< + +&nbsp; + +You start looking around and seeing, well, regulation is slow and lax. Which isn’t to say that there aren’t consequences, it's just that they aren’t very... *prohibitive*. + +&nbsp; + +Sooooooo.... want to really [minimize risk? ](https://i.kym-cdn.com/entries/icons/original/000/030/987/AhgHtnP.png) + + +* Why not “stuff the order book” so that competitors’ quotes aren’t seen? – [1](https://www.reddit.com/r/Superstonk/comments/ns9rse/watch_the_volume_this_is_spoofing_in_action/), [2](https://youtu.be/itxbyXO67XY?t=110) +* Or use specific order types to jump the order queue? – [1](link to old sub in comments) +* You can shift the NBBO – national price goalposts – to your favor – [1](https://preview.redd.it/bra7t22yzp091.jpg?width=720&format=pjpg&auto=webp&s=e586ca7bfa5acbfaced81728e03c40ebda1b2865) [2](https://www.reddit.com/user/Landed_port/comments/uub6vl/nbbo_not_even_close_to_best_execution/) (s/o Better Markets!) + * (in addition to adding price pressure through your MM activities – [1](https://www.reddit.com/r/Superstonk/comments/o75dt4/dark_pool_not_required_market_markers_can_control/) [2](https://www.reddit.com/r/Superstonk/comments/sx7jr9/could_citadel_securities_be_suppressing_gme_price/) [3](https://clsbluesky.law.columbia.edu/2017/05/05/the-citadel-settlement-off-exchange-market-makers-and-giant-brokerages/) +* Or you could front-run transactions [1](https://www.reddit.com/r/Superstonk/comments/ux0llz/big_hedge_fund_president_is_told_his_trades_are/) [2](https://www.reddit.com/r/Superstonk/comments/uwznmm/ever_wonder_why_the_order_book_is_filled_with/) + +Since you want to avoid getting caught, you should… + +* Under-invest in reporting structures (after all, finance is self-reporting!) - [there’s a dlauer quote on this I couldn’t find again lol] +* Paint the tape (obfuscate your actual actions with dubious reporting) – [1](https://www.nasdaq.com/glossary/p/painting-the-tape), [2](https://www.reddit.com/r/Superstonk/comments/oj1tjl/erasing_the_tape_how_to_remove_daily_trade_volume/) +* Delay reporting as much as possible – [1](https://www.reddit.com/r/Superstonk/comments/o75dt4/dark_pool_not_required_market_markers_can_control/) +* “Mis-mark” trades (i.e. falsify records to your benefit) – [1](https://www.sec.gov/enforce/34-87127-s), [2](https://www.natlawreview.com/article/sec-brings-naked-short-selling-case), [3](https://www.reddit.com/r/Superstonk/comments/uwntmt/barklays_fixes_error/) +* Or ignore reporting requirements altogether – [1](https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking_goldman_sachs_co_fail_to_reconstruct_at/) +* (This is by no means an exhaustive list – the criminal [possibilities](https://www.reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/) are nearly limitless!) + +&nbsp; + +Ape u/JG-at-Prime said it best, starting with ONE [example of abuse:] (https://www.reddit.com/r/Superstonk/comments/v1rqdz/no_shares_available_100_utilization_for_70_days/iaosryq/): + +>If you think about Darkpools [...] **It’s brilliant, from a fuckery standpoint.** If you redirect 50% buys and 50% sells, you can dynamically adjust the ratios to make the price increase or decrease. +> +>Buys Lit 60/40 Dark sells = price goes up. +> +>Buys Lit 40/60 Dark sells = price goes down. +> +>You don’t even have to take 50% of the volume. Just that lesser percentage = lesser effect. +> +>Add in; Wash sales, order spoofing, odd & mixed lot trades, block trades, broker internalization, Market makers exemption, Market Makers internalizing, Naked Shorting, Payment for Difference, PFOF, Market Makers codes, coded orders, Market halts, volatility halts, pumps & dumps, poops & scoops, short & distort, complete corporate MSM media control, massive social media shilling campaigns & more. +> +>The Market as we see it today is a criminal masterpiece. They collectively control the prices. It’s almost completely fake. + +&nbsp; + +“Free market.” + +*** + +#4.5 Sheriff of Nothingham + +*Woah, you can't go around assuming Citadel is intentionally doing bad things! Maybe... maybe they made mistakes, or had some bad actors that they fired...* + +* Well, champ, too bad the data does NOT support your presumption of innocence: + + * Citadel had 15 different “regulatory events” for 2021… or roughly 2% of all of FINRA regulatory events (based on estimated 800 events). That number is *high*. + * Some of those were redundant though: Citadel’s most recent regulation event was a price-affecting activity that went on **over 6 years with14 different exchanges** + * They were also fined for misreporting internal trades – oh yeah u/atobitt [wrote about that](https://www.reddit.com/r/Superstonk/comments/ml48ov/walkin_like_a_duck_talkin_like_a_duck/) +* And this number only reflects the crimes Citadel was *caught* for. (Relevant: FINRA seems to be [less and less effective these days](https://www.finra.org/media-center/statistics#key)) + +Illegal activities are widespread. It could even be said it’s the “Industry standard.” + +* Citadel Securities reported $7bn profits for 2021 (btw, this number is [self-reported](https://www.bloomberg.com/news/articles/2022-03-15/citadel-securities-opens-up-after-record-7-billion-windfall)) +* It paid a maximum $3.04m in [fines](https://brokercheck.finra.org/firm/summary/116797), total, for 15 “regulation events” ($3m is extremely conservative – high – because Citadel doesn’t report its annual fines so I added up all dollar amounts for 2021, lol. It’s probably far less but I wanted to max out the number) +* **Thats a 0.0434% “crime tax” – part of the cost of doing unlawful and illegal business.** + * (0.0% if we’re rounding) +* (Notably, some fines were for illicit activities from *years* ago. This year’s illegal activities won’t be “crime taxed” for a few years down the road.) + +&nbsp; + +So, seriously, why should Citadel worry about laws? + +* (...and if they don’t need to worry about laws, why should you presume they keep them?) + +&nbsp; + +*** + +***(...back at the desk...)*** + + + +No, really. Why should you worry about laws? + +* Remember [this?](https://i.redd.it/iuxh7unu2nb71.gif) + * This is less than one hundredth of a second, for a single ticker (AMZN), slowed down. + * Citadel moves at this speed *for every ticker, in every asset, in every country, in every time zone it operates in, while trading* ***at industrial volumes.*** +* Now remember [this interview,](https://www.youtube.com/watch?v=0C0Sj6Us19I) where Gary Gensler said the SEC can’t afford coffee? (wow there is a suspicious lack of google results for this, btw) + * Let’s take the SEC’s posture at face value. + * The SEC (FINRA by proxy) issued 73 fines to Citadel, but over *years* of transactions. How many transactions do you think occurred versus those the SEC examined by a human? What percentage of Citadel’s trades were affected by a human regulator? +* To be cynical – do you think that Gary “can’t buy coffee” Gensler and the SEC can afford to keep up with Citadel’s nanosecond industrial volumes of trades? For every ticker? Every exchange, ATS, SDP, and broker they interface with? Let alone Citadel’s *international* operations? Over *years*? +* (Each new flavor of high-frequency fuckery will be baked in to trading algorithms, all while either observing regulations or “unintentionally circumventing proper reporting”) + +&nbsp; + +And so, we arrive at a cold reality: + +>!**Citadel and other MMs likely operate outside of the law** because they operate in “bullet time”, while the regulators operate in “past tense”!< + +>!**Citadel’s trading speed and volume effectively exceed the limit and capacity of regulation.**!< + +&nbsp; + +(This, of course, is taking the SEC’s – at large – posture at face value) + +&nbsp; + +0.0% crime tax, dude. + +*** + +#4.6 A Royal Union + +*But… but – what about other players? They are competing with Citadel across the board! Competition keeps Citadel in check, right?* + +* As referenced in previous posts: Citadel’s dominance discourages new challengers – [the industry is consolidating.](https://i.redd.it/1ze9zs5sin491.png) + * While Virtu (Citadel’s main MM competitor) and other larger firms might “micro-grapple” in the HFT space, the losses would only represent a small cost in a profitable business. +* Weak enforcement, plus Citadel’s dominance, incentivizes the opposite of competition: ***collaboration.*** + +*Collaboration?! But how could the firms work together? It’s broad daylight – public data! And it’s illegal to collude!* + +* It’s illegal to get caught, Timmy. +* The small group of market makers have all the ingredients to not only *outpace* the regulators, but can *avoid detection altogether*: + * extremely fast technology, exclusive knowledge of complicated systems, brilliantly talented “quants”... + * …and the reward is essentially risk-free profits, so… + +“Hypothetically” + +* If several market makers wanted to collaborate and minimize risk (i.e. **price fixing**) in a given security… + * …they would need to send and receive patterns which act as hidden signals in plain view (*check check*) + * …and they would need a mutual understanding of techniques, as well as a common goal: shared profits (*check check*) + +&nbsp; + +[*No, please don’t say it.*](https://c.tenor.com/sSwRqdgMyQMAAAAC/impossible-star-wars.gif) + +&nbsp; + +>![Apes have noticed patterns in the bids for *years*.](https://www.reddit.com/r/Superstonk/comments/po51aw/we_just_had_3_separate_orders_for_300_shares_per/)!< + +>![Oh, you want evidence to show that prices are being signaled?](https://www.reddit.com/r/Superstonk/comments/phks3c/fast_forward_to_about_58_minutes_possible_codes/) and [buy/sell prices are being coordinated?](https://www.reddit.com/r/Superstonk/comments/pul5gq/divorced_from_reality_dd/) !< + +>![How about a site that compiles these signals on a daily basis?](https://www.reddit.com/r/Superstonk/comments/u7iox3/it_is_time_to_talk_about_market_maker_signals_i/)!< + +>![*code sheet*](https://i.redd.it/83m462308fl71.png)!< + +&nbsp; + +[WHAT IN THE DUMP TRUCK FUCK.](https://c.tenor.com/b2BSVm38AUgAAAAC/blink-blinking.gif) + +&nbsp; + +*** + +#4.7 All the Sun Touches, I + +So, we arrive at the crazy conclusion, the one that’s obvious. + +Because between their market position and marketplace incentives, joint activities, and an environment with weak enforcement, we can start to put together a scenario where… + +&nbsp; + +>!**Citadel likely has a claim on controlling the prices of securities**!< + +>!...a legitimate claim, in conjunction with other market makers, exchanges, and key parties.!< + +&nbsp; + +* FYI, “Price control” doesn’t need to be 100% of securities 100% of the time. +* If Citadel can be the “margin of victory”, just in the securities they care about, then that’s the difference between a successful trade and an unsuccessful one – decisive direction. + * (Note that Casinos operate profitably with 51%+ odds.) [(relevant)](https://i.redd.it/fsny6euskn491.gif) +* The dominance of the top MM’s also means there are no alternatives – it’s either price arranging via Citadel, or the naked uncertainty of the market (and oh, yeah, we just said it’s not so uncertain, didn’t we?) + +&nbsp; + +Because, after all, your goal is to control the price of securities. + +&nbsp; + +*** + +#4.8 The Round Table + +Now, think on this for a second. + +&nbsp; + +If you influence prices, you could make a KILLING by renting it out. + +&nbsp; + +> >!I can’t find where I read it now, but evidently Citadel rents out co-location space in its servers.!< + +&nbsp; + +>!Turns out, SELLING PRICE CONTROL as a service (directly or indirectly) – and being an EXCLUSIVE PROVIDER – is a great way to profit!!< + +* No brainer – it is almost always profitable to work with the firm that controls prices. +* As an added benefit: any firm positioned against Citadel should also expect to be competing with *all of Citadel's aligned parties* (i.e. **street cred**). +* **Citadel won’t ever advertise this, because publicity is a risk to illegal activities.** + * But there will be signs: + + > “Citadel Securities made [...] $**4.1m** per [employee] in 2020. This compares to **$275k** per [employee] at Goldman Sachs last year.” [emphasis mine] - [sauce](https://www.efinancialcareers.com/news/2021/01/citadel-securities-pay) + +&nbsp; + +**Huh, interesting - seems that Point 72, Melvin, Sequoia, and several other firms are all so closely linked with Citadel. Strange. Must be coincidence.** + +&nbsp; + +Wonder why? + +*** + +#4.9 All the Sun Touches, II + +Now, let’s roll this up into some key points that this fantastic community has uncovered the past year-plus: + +1. u/Criand showed out how Citadel [leverages](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) **swaps** +* And u/con101smd pointed to how Citadel likely employs **krypto** (before deleting “The Long Con”) +* It’s also important to note that Citadel has an **adjacent hedge fund**. *Extremely* important. +* Because remember how u/atobitt caught Citadel **shifting funds between different Citadel companies, partners, and subsidiaries**, such as Palafox? (in the “Everything Short” in another sub) +* And u/thabat theorized how Citadel might be **shifting assets between countries** [without disclosure](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/)? (and u/P_mage did some [work here also](https://www.reddit.com/r/Superstonk/comments/sx2tka/the_shorts_never_covered_or_closed_kiting_a_hot/), not to mention that one flight to [“Russia-not-Russia”](https://www.reddit.com/r/Superstonk/comments/skbb4y/any_fins_in_the_area_willing_to_get_us_a_tail/) right before war & sanctions) +* And we already covered Citadel’s **extensive international operations** and impressive **spread of products**. + +…all this plus Citadel’s **unequaled MM responsibilities in stocks and options and immense internal inventory**. + +&nbsp; + +Now, let’s add a *VERY* interesting quote from u/Super_Share_8721’s [excellent find ](https://www.reddit.com/r/Superstonk/comments/tt7td2/holy_sht_article_from_2001_ties_ken_griffin_and/)(and I see you u/JustBeingPunny [!](https://www.reddit.com/r/Superstonk/comments/u3qm9z/kenny_admitting_to_using_bcg_to_spy_on_other/) - BTW it was only a partial quote earlier): + +* [key quote](https://i.redd.it/92frvoabgm491.png) + + > “’[Ken Griffin has] built an extraordinarily diverse organization, **horizontally and vertically integrated.** It’s something with franchise value, which makes him different from 95 percent of the companies **classified** as hedge funds.’” [emphasis mine] + +&nbsp; + +**Now put it all together:** + +*So, Citadel is at the heart of markets worldwide with unparalleled price influence, shifting assets between partner companies and subsidiaries, bundling stocks, bonds, options, other securities, commodities, krypto, real estate, ETFs, access to SDPs, ATSs, nearly unlimited inventory, PFOF, international asset holdings and distributions, swaps (bundled because Citadel is “horizontally and vertically integrated”)…* + +*…into EXOTIC products...* +*…pass them through their [international connections](https://www.reddit.com/r/Superstonk/comments/tl8uow/citadel_is_a_front_for_laundering_criminals_money/)…* +*…and offer them to “Real Money” clients?* + +&nbsp; + +>!**Citadel is likely acting as an unregulated, backchannel *de facto* Prime Brokerage Investment Bank**!< + +>!They are likely bundling their offerings and services – including price influence – into exotic financial products…!< + +>!…and selling these to clients. Brokers like Charles Schwab and Robinhood. Hedge funds like Melvin and Sequoia. [Running IPOs for companies.](https://www.businessinsider.com/how-citadel-securities-dmms-are-handling-ipos-remotely-2020-5). Likely funneling the business through their [adjacent hedge fund.](https://www.bqprime.com/markets/griffin-s-citadel-beats-multistrategy-rivals-gaining-26-in-2021)!< + +*** + +#4.10 For King + +And you know what’s crazy? + +* In addition to taking the other side of the position – either for hedging or to make a play – +* ...or even going un-hedged altogether (flexibility is a feature of their unaccountability, after all) +* **Citadel can also double down,** taking the same position as their client, +* ...doubling their exposure and **doubling the risk**. + +Now, remember [this image?](https://i.redd.it/idkn9cchpn571.png) How Citadel and Virtu combine for more transactions than the biggest exchanges? + +* And how Citadel alone represents 25% of trades in the market, 35%+ of retail orders, 99% of volume in 3,000 listed options… +* ...and for more and more of that volume, they are taking **one side of the trade**? + +&nbsp; + +>”It’s as if the entire market is concentrating its risk on a single firm.” + +&nbsp; + +#One more thing: + +**Here’s the list of [Systemically Important Financial Institutions.](https://i.redd.it/hb110npz3b691.png)** [sauce is wikipedia] + +* Take a look +* Really. +* Did you notice something? + +&nbsp; + +>!**Citadel isn’t there**!< + +&nbsp; + +* Citadel, a firm with one of the largest international footprints who can likely unilaterally sway securities prices, **isn’t considered significant enough to regulate.** +* Their positions, capital, and international schemes are nearly completely hidden. +* ***They don’t even need to publicly disclose their quarterly US cash flows because they aren’t publicly traded.*** +* ***They could be exposing the world economy to catastrophic risk, and only a handful of insiders would ever know.*** + +**But since their model is replicable, why not keep on expanding?** + +[again...](https://i.redd.it/on6i2fnu2a591.png) [(sauce)](https://www.reddit.com/r/Superstonk/comments/t3vsdt/soo_ummcitadel_securities_is_applying_to_become/) + +and [again?](https://i.redd.it/j2tfcjci72691.png) [(sauce)](https://www.bloomberg.com/news/articles/2022-06-07/citadel-securities-virtu-form-crypto-plan-with-fidelity-schwab#xj4y7vzkg) + +&nbsp; + +**[WHAT. IN. THE. HIGH. FREQUENCY. FUCK.](https://c.tenor.com/BUQOoWIhoCgAAAAC/get-out-movie-crying.gif)** + +&nbsp; + +*** +*** + +#TL;DR: + +* Citadel Securities’ influence in securities’ markets across the globe is unequaled and likely un-challengeable. +* Data shows that they (ab)use this position to overwhelm regulators with illegal activities, by both speed and volume. These activities further cement Citadel’s profit and market share. +* Citadel also likely exploits the environment of high-tech, weak enforcement, and mutual incentives to fix prices for securities by collaborating with other players in a way that avoids detection… +* …then bundles these price-affecting abilities in with other services to sell across the finance industry, directly or indirectly. +* (“likely” because illegal and other relevant activities are not reported) +* This makes them a *de facto* “Super” Prime Brokerage and Investment Bank. “Super” because they have additional Market Maker powers, but have none of the capital requirements or regulatory oversight required of their competitors (though their asset base is likely much smaller). +* They can exploit this lack of regulation to take on otherwise untouchable clients (sanctioned individuals, money launderers) while also engaging in extremely risky behavior. +* The combination of their powers, activities, and position in the markets, while operating without enough regulation, means Citadel can uniquely create gargantuan, systemically threatening pockets of risk while they perform key functions that underpin the world’s financial systems. +* There is no current way to publicly account for the risks Citadel creates in the world markets, or any ready way to replace their function if they fail. +* They have made themselves a necessity, and therefore, a likely singular point-of-failure for the world economy. + +&nbsp; + +>!***So, did you see it? Did you see the setup?***!< + +#Part 5 is coming... + +Edit: This post isn't meant to make you a doomer, but make you better informed. (If you want to do something about it, [go here](https://www.reddit.com/r/Superstonk/comments/ve8fqh/sec_proposals_are_not_getting_enough_comments/).) And this series follows what Citadel *has done*, not where Citadel is going -- yet. + +Edit 2: updated the SIFI picture. [Here](https://i.redd.it/iz6pn3ewn8691.png) was the previous one, thank you u/Present_Paint_5926 for pointing out + +Edit 3: Took out some of the mean tone in the DDD. There's too much hate in the world already 🤣🤣🤣 +I’m being cautious, even to the point of not naming the paper as I want to ensure nothing gets out. I am spending a full workday with an award winning journalist from a top national news outlet tomorrow! I’ve actually spoken to him (off the record) and casually brought up GME just saying that I can’t believe there hasn’t been major coverage on this to which they replied, “Really? I feel like there’s been a lot of coverage on it…” so obviously he knows nothing about it… +I am seeking help from my fellow apes and will print off material for him so what evidence do you think would raise an award winning journalists attention to dig further? + +If mods require proof I can do that as I’m all about verification but I have to protect myself and him at this point. There are a lot of eyes on our sub and I only have one day with the individual and don’t want to turn him off thinking I’m some kind of fanatic as we are meeting on an entirely different subject. This is a 6 hour window to bring this up in a way that interests someone who knows nothing about this, may even be skeptical and thinks there’s already been coverage on the issue when we know it’s biased propaganda. + +I’m not promising anything will come of this, I am opening this opportunity up to all apes however… do your thing you beautiful retards, you’ve always made me proud! + +Edit: update! + +Apes… It went oh so well! + +So spent the day and did our thing, stayed cool as a banana far away from any rectum and just allowed organic discussions on whatever the journalist wanted and ape magic happened. Long story short we ended up with extra time and GME naturally came up, I fkn memorized the most important points after reading all the advice on this post (multiple times) as I usually do as these situations which come up in my line of work pretty often. I took all the advice and when it came time, just hit those high notes: + +- Hedge funds and Market Makers are affectively using retail shares against us through stock lending and options shorting the stock down + +- It’s mathematically impossible that SHF’s covered during the January “sneeze” + +- Self reported shorts can’t be reported more than 140% of the float and we now know through court documents that in January it was at 220%. They simply couldn’t have covered + +- FTD’s & dark pools + +- Survey’s done are showing the float is owned in Canada & Germany respectively and is owned multiple times in the US + +- Dr. Trimbath, David L., West C. and Lucy K. have all weighed in giving a lot of context and history to these situations (sent the investigative articles as well) + +- Obvious “hit pieces” in financial media that completely miss any meaningful points on what’s driving this “idiosyncratic” stock & how hedge funds financially back these publications + +- Overstock just recently winning their court-case with prejudice in releasing a digital dividend destroying shorts as they were falling victim to the same predatory shorting + +- There’s financial incentive to bankrupt companies as all shorts are paid out tax free, that’s why hedgies targeted brick-n-mortar companies during a pandemic + +- There are over 600k apes on Superstonk from around the world ripping through huge technical documents in days, lawyers, marketing pro’s, from every corner contributing + +- No one has been able to prove Apes wrong yet + +This of course wasn’t everything as it was as a lot of back-and-forth which was the best part. The journalist was asking a lot of questions, and good ones, I was being interviewed on this subject (not the reason why he came to speak to me)! Not only was he interested but he wanted me to send him some articles I’d mentioned which I did on the spot. He asked me to send him links, I’ve just done that now. He said he’s going to pass this onto coworkers in the financial side of the publication, I didn’t ask him to do this. I genuinely told him that whatever he does with the info he can truly consider the data and it’s implications, to really look into it, even for his own benefit. This will be the greatest financial transfer in history by catching the fkrs who caused 2008 at their own game, locking dubious players into a death spiral by simply buying and holding against all their risk matrix’s, algorithms and anything else they thought they could use against retailers, that this is history in the making and nobody is truly talking about this in the mainstream in a meaningful way. + +I truly thank all of you beautiful apes as almost every link was sent in the email, I read every comment multiple times and truly considered all advice/warnings. It went way better than I could’ve imagined and I will update any developments because you know I’m going to follow up! Today another ape may be looking up at the moon. One with a lot of influence… +Hello all! I'm mid-thirties, working in tech in a HCOL area, married w/ no kids. I went all-in early on a crypto project last summer and it's returned very well. I have over $9M in this single crypto-asset that I believe still has a lot of upside left. I have roughly 70% staked and returning \~8%. 30% is for selling at various price targets that I hope to hit in the coming 6-9 months. + +I have a fatFIRE goal of $15M and confidence in this market & asset, so I'm letting it ride. I do realize this is against all good advice but I'm comfortable with the risk at this stage in my life. I could ride out a multi-year crypto bear market if needed. + +I have taken off about $600k this year that I have it earmarked for a down-payment & taxes. + +I finally found a place that is precisely what we were looking for, but it will cost close to my max loan of $2M. I'd be taking on a 30-year fixed at around 2.8% on $1.6M. I was able to qualify for this without the bank taking the crypto-assets or staking returns into account. ie: our w2 income and lack of debt allowed them to extend this. + +It's a little more house than we need (4 bed / 2 bath for a couple :-/ ) but it's definitely in a fantastic area and I'm considering the extra house to not be so bad; the debt is cheap and gives me more real estate exposure. Our monthly net from salaries is around $13,500 after maxing out retirement plans, so the mortgage payments would absorb about half. After down-payment, we're left with $200k cash, but about $500k in taxes due for 2021 thus far. + +I'm feeling okay taking on the house given our salaries can cover it and the staking returns are currently strong (about $25k monthly after tax); but I do realize the risk profile isn't necessarily getting any better. My selling plan for the liquid 30% of the crypto should net around $1.5M which I plan to re-invest into something that balances out my portfolio; I was assuming something like QYLD and some bonds to provide some cash-flow to offset mortgage/house expenses. + +Anyway, as a long-term lurker, I'm looking for a sanity check. I know the $9M concentrated in a crypto is insane, but does that mean taking on the house is a terrible idea? What would you suggest I do with the $1.5M (assuming my price targets are hit in the coming months) to diversify my portfolio and start dialing down/offsetting the risk? +This is definitely an appreciation post for this subreddit. + +This time last year, I landed my first professional job in mortgage broking. Being new to the industry, and all of my friends still working in hospitality, I didn't really have the option for conversations about money. And with money being such a taboo conversation topic, most of my family and friends were hesitant to have these conversations with me. + +This subreddit has been such a confidence boost, giving me a chance to learn about money in a non-confrontational way. My financial literacy over the past year has improved in leaps and bounds, and there are times where I've almost felt guilty for receiving such great advice for free! + +Thank you to everyone in this subreddit for your help over the past year - the loan assessors, the financial planners, the first homebuyers, the casual investors, and the other 'long time browser, first time posters' just like me. + +If you've got any similar stories where you've found value in this subreddit, I'd love to hear them. + +Keep it real guys ❤ +The first issue is that it was a terrible thing to do. I work like a dog for my employer, work many hours of unpaid o/t, and was told the amount of my bonus in October (as usual). The bonus is standard in my industry. My job has very few perks. I was shocked, especially when I heard the "can't afford it" line. I have access to all the financials and this was our best year ever. My boss took a personal bonus of 50K later that day. I am the only one who knows this. Clearly I can't share this with anyone. + +Last week, after the news, my boss took us to lunch at a diner and spent the entire time arguing on the phone with their s/o about their new furniture. They purchased their s/o a Mercedes a few months ago. They are also taking a trip to Barcelona in March and have just completely renovated their home. + +Yes, my boss can do whatever they want with their money, but this is one of the shittiest things they have ever done. I'll let you count on your bonus for almost 3 months, tell you 15 minutes before you are supposed to get it that I can't afford it so too bad, walk right back into my office and cut myself a check for 50K, take you out for a $6.50 lunch and argue with my s/o about my new furniture the entire time and then bitch about how much harder I need you to work because I have a lot of things coming up. WTF? + +I need to say something. I do not want to let this slide. I worked hard for that bonus. I know I work for an asshole, but this is beyond the pale. I bought a house last year and don't want to walk. If I didn't have a mortgage, I would have got up and left, even after all these years. How do I handle this? + +Edited to add: I work for a law firm. Year end bonuses are standard. Unless your firm is going under (and we are not) it is basically unheard of to not give out bonuses. So yes, a bonus is expected. + +I also don't want to "tell off" my boss or "burn bridges". I am an older female with nearly 40 years in the industry, not a teenager. I simply want what I was promised and am looking for a new way to approach this. + +I work for someone who is #1 in the state in a certain area of litigation and have been here a long time. +Would be interested to hear how some of you have escaped the full-time slog and managed to create a comfortable work/life balance. I'm not saying you have to have completely exited the rat race either, but I'm working full-time at the moment and doing the same thing everyday is killing me. I need flexibility & something cognitively stimulating. I'm currently looking at doing casual work, then filling in my off days either with my side business or stuff I enjoy! Trying to create some flexibility and FREEDOM!! +THIS IS MAD SUS. Why on earth would the news outlets who have been consistently manipulating the narrative this whole time all of a sudden flip the script? if 30 was truly parabolic they would NEVER in a million years publicly state that. This screams options bull trap, don't get caught. + +&#x200B; + +BUY AND HODL +Some context - my parents were both first gen immigrants and even though they are now comfortably FAT, have had basically 0 lifestyle inflation over the past 20 years. Until recently going out for us meant burritos at taco bell a 4-5 times a year. Biggest lifestyle change has been shopping at Trader Joes instead of \*Food Maxx. + +&#x200B; + +Job and salary defined you personally. Summer vacations were SAT camp or college courses. Academics and earning potential were emphasized above all else. I managed to study mechanical engineering (which I love) instead of computer science. Since it was still engineering, my parents paid for three years of college, which I’m enormously grateful for. Eventually though the combination of parent’s pressure and regularly interning in CS led me to a FAANG job which I don’t love but don’t despise. + +&#x200B; + +My issue is while I grew up rather independent and assuming I’d get no support from my parents, I was handed a decent trust fund at 21. I haven't touched it at all but just knowing it is there is sort of undermining my previously financial - centric motivations. I love the outdoors and like to cook, but don’t party much, have no kids, no mortgage, no expensive hobbies, and really don't have much to spend FAANG money on. Option 1 is stay tech another 10 years and maybe make the same amount of money I’ve been given. Grew up in the bay so some small pipe dream of building a startup if I find something that really motivates me. Option 2 is start working or go back to school for something I passed up on during the grind. + +&#x200B; + +Its been hard to unlearn decades of scarcity mindset so I’ve been starting with scaling back at work, reading, and traveling a little. Maybe start volunteering once stuff starts opening up. I used to build things all the time, so might find a small maker space and get back into that. Eventually I’d love to move to a field that is more personally satisfying but giving up the cushy environment at FAANG is still terrifying. + +&#x200B; + +* What can I do now to explore all the stuff i’ve missed out on? +* Many of my friends won’t be giving up on the FAANG grind any time soon. Should I be worried about not being able to relate if I’m getting out? +Article: https://www.cnbc.com/amp/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html?__twitter_impression=true + +KEY POINTS + +- Ninety-five percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise this week. + +- The firm analyzed the top 81 crypto exchanges by volume on industry site CoinMarketCap.com. They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. + +- "People looked at cryptocurrency and said this market is a mess; that's because they were looking at data that was manipulated," says Matthew Hougan, global head of research at Bitwise. "When you cut away the echo chamber of these nonsense numbers, it should be an efficient, well-arbitraged market." + +- The analysis showed that "substantially all of the volume" reported on 71 out of the 81 exchanges was wash trading, a term that describes a person simultaneously selling and buying the same stock, or bitcoin in this case, to create the appearance of activity in the market. In other words, it's not real. +Given the extreme climate events across the globe this past year (and the decades of climate change leading up to this year), how are people grappling with the concept of growth during an emergency? BC for example, given the destruction that occurred this year, how could anyone expect a government to balance a budget in the next decade? Extrapolate BC’s experience across the rest of the globe and throw in 3 million plus COVID deaths, how are we not in a perpetual state of disaster relief? And how does this not lead to a long term global recession? + +I know there is an argument that the world has, and always will be, in crisis and that we have always persevered, but the issues we face now (mainly climate change) feel a bit different than the past conflicts manufactured by political, ideological, or religious disagreement. + +I could go further with doom and gloom, and I know many will see this is an extreme stance, but I’m really looking for counter argument. What makes you optimistic about long term market growth? Do your investments feel ethical to you today, how about in 15 years? +I know this is not directly related to GME. But we have been keeping a close eye on market crash as there is a theory that market crash will trigger the squeeze. + +We know for a fact that Delta variant was pretty dangerous and we had significant data on it to classify it as such. However, we still do not have much information on the Omicron variant and yet it is being pushed as a narrative that does not add up. + +I am in no way an expert on virus or market but just reading the data available at hand. Going to put it all here so you guys can see and decide for yourself. + +&#x200B; + + + +|*Variant*|*Date officially Identified as VOC (variant of concern)*|*Transmissibility*|*Hospitalization*|*Mortality*|*S&P 500 same day* |*S&P 500 next day*| +|:-|:-|:-|:-|:-|:-|:-| +|Delta|6th May 2021|\+97%|\+85%|\+137%|\+0.82%|\+0.74%| +|Omicron|26th Nov 2021|official report : "Possibly increased"|Unknown|Unknown|\-2.27%|**?**| + +&#x200B; + +This does not mean that Omicron is a joke variant. This variant has a lot of mutations and has a high probability of becoming very dangerous. + +&#x200B; + +But what i am failing to understand is, how did the delta variant had no impact on the market when you could see it's fatality and adversity everyday, along with research data showing that it is dangerous. And this new variant, which is still being investigated, caused a minor red market and is all over the news saying the new variant is causing the market to go red. We still have no cases or data to show that this variant is killing more people than Alpha or Delta. + +Confusing bit is, the market all over the world started going down on 26th before this was officially added as VOC. + +In my personal opinion, market crash might be coming soon and Omicron will be used as a scapegoat to hide all the shenanigans WS has been doing. Blaming the crash on Covid will not make people as angry, when HFs and banks are bailed, as it did in 2008. +The hype was real it was fun, but it’s time to re-focus and get back to work. The float isn’t locked, apes aren’t rich and Ken isn’t in jail. + +Let’s get this done apes! Get mad, and do something about it! This sub has been running top notch lately and I’m proud of all apes. Let’s finish this fight and lock the float! + +Edit: This is not an anti options post, just an observation on lack of DRS posts I have seen. By all means invest how you want ❤️ +Been working after graduating from uni a couple years ago and actually sat down to try and calculate how far away I am from purchasing a house in London. I feel like I'm missing something because it literally seems impossible. + +First off, I'm the stereotype everyone on this sub hates: in my early 20s and working as a computer engineer. My starting salary after graduating was around £50k a year. I immediately earned more than my parents despite them working for decades. I'm not saying this to brag but because earning substantially more than the average wage in London gave me the assumption that buying a house would be in the realms of possibility. So I went to Halifax's mortgage calculator, put in my wage, I have no debt, no one relying on me and was told the MAX I could borrow over 25 years is £237,000. Now I'm not from a family where I will be provided with any money for a downpayment on a house, so it will all come from my savings. Let's say I save aggressively and save £20,000 a year for 10 years, and perhaps my salary increases to 60/70k. Mortgage + savings = I'll still only be able to afford a house that costs MAX 500-600k! + +I'm born and raised in London. The area I grew up in is mainly working class, some middle class but not at all posh. A NORMAL family house, 2 up and 2 down, is nearly £1 million. 600k won't get you a shed. Am I being thick and missing something obvious? + +EDIT: + +One thing most comments are mentioning is that I should expect to be earning well over £70k over the next few years, and should be aiming for at least 100-150k. Where are you guys working and can you get me a job? [Payscale](https://www.payscale.com/research/UK/Job=Software_Engineer/Salary/b428ed1a/London) shows that the median computer engineer in London earns £47k, with the 90th percentile earning 70k. Glassdoor is lower, average being £44k and high being £64k. I know that [Google's staff](https://www.theguardian.com/technology/2020/apr/07/google-uk-staff-earned-average-of-234000-in-2019) in London earned on average £230k, but I can't expect to work at Google. My assumption was that my salary would stagnate at around the 70k mark, but I am all ears if this isn't true. +Kansas City Southern ($KSU) was the last class 1 railroad after the big 6 (BNSF, Union Pacific, CSX, Norfolk Southern, Canadian Pacific, and Canadian National) that had not yet been acquired or taken private. There were [take-private talks last year](https://www.reddit.com/r/investing/comments/i1f4fc/wsj_reports_kansas_city_southern_usmexico/) valuing KCS at around $208 per share which were rejected, and now CP has apparently swooped in with a deal valued at [about $275/share](https://www.businesswire.com/news/home/20210321005013/en/Canadian-Pacific-and-Kansas-City-Southern-Agree-to-Combine-to-Create-the-First-U.S.-Mexico-Canada-Rail-Network). + +Since the STB has shown reluctance to allow any more mergers between the big 6, this is basically the last big rail merger that's realistically possible. + +Speaking personally, $KSU was my biggest position (over 20% of my portfolio) and my favorite one too, as a strong bet on the growth of the US-Mexican trade relationship. I'll be looking for other ways to play that thesis and would be interested if anybody else has any ideas. Might sit in $CP while looking over my other options. + +E: adding additional info + +[Here is the website that CP and KCS have set up to discuss the new combined company](https://futureforfreight.com/) + +There is an investor call happening at 2pm EST today (in 30 minutes) to discuss the merger. You can find a link at [this website](https://investor.cpr.ca/events/) +Here is the [powerpoint presentation](https://ssl.lvl3.on24.com/event/30/20/89/4/rt/1/documents/resourceList1616341384560/cpkcsannouncementdeck32110amfinal1616341383050.pdf) being shown in this conference call + +The deal is for $90 and .489 CP shares per current KSU share, so the final value may fluctuate from the current $275 number. + +Major synergies identified on the call: grain and bulk food shipments from Canada down to the Gulf and Mexico (KSU already does major business exporting Midwestern/Great Palins grain along this route), chemicals and plastics moving both ways, additional intermodal routes between Mexico and the upper Midwest/Canada, and automotive shipments from Mexico all the way up +**Just as an example, if you have:** + +- a $5,000 balance on a credit card + +- with a 20% interest rate, then + +- paying JUST the minimum (let's say 3% of the balance, which is $150 for the first payment), + +- **it would take 183 months (that's 14 YEARS) to pay off the card, and you'd pay $5,601.51 in interest alone.** + +*This is because the Minimum Payment goes downs as the Balance goes down.* THIS IS WHAT THE BANKS ARE HOPING YOU WILL DO!! + +So after making the first payment of $150, your next minimum payment is $148, then $146 in Month 3, etc. + +**BUT, if you just keep a constant payment of $150, you'll pay off the card in 48 months and spend $2,164 in interest.** + +**This will shave over 11 years off the time it takes to repay the card, and save you $3,437.51 in interest.** + +*Paying even a small amount over the minimum payment each month goes a long way.* + +More examples: + +Paying $175/month ($25 extra) cuts your payments down to 39 months and saves you $3,914.51 in interest. + +Paying $200/month ($50 extra) cuts your payments down to 32 months and saves you $4,226.51 in interest. + +**I know you hear this time and again here in PF, but paying the Minimum Payments is a Lifetime Debt Sentence.** + +*And paying extra each month gives you an emotional "win" that will help you keep moving forward.* + + +**____________________________________________________________________________________** + +**EDIT #1:** +**Of course, in a perfect world, no one would carry a balance on their credit cards, and would only use them to get Cash Back Rewards and Travel Points and Airline Miles and a date with Olivia Munn**, but this post is geared towards people who are facing high balances already, and to show them that you CAN make serious progress by implementing one or two good strategies. + +**EDIT #2:** +Wow, I definitely did not think this post would [Jennifer] Garner any attention. (Get it?! She's a shill for Capital One's Venture Card! **"WHAT'S IN YOUR WALLET?"** Nevermind.) + +**EDIT #3:** +Thanks to everyone who upvoted, and especially to those who responded. Someone sent me a screenshot that this was on the Reddit Front Page last night, which I definitely didn't see coming since there isn't a video of a cat singing "You've Got a Friend In Me" to a baby sloth anywhere in this thread. But seriously, [this will brighten your day](https://www.reddit.com/r/videos/comments/5pv7tj/dad_and_4yearold_daughter_duet_youve_got_a_friend/). + +**I can't emphasize enough (and I know it's stickied right below this post), how important it is to read +["How to Handle $"](https://www.reddit.com/r/personalfinance/wiki/commontopics)** + +**95% of what the average person needs to know is right there on that page.** +And while a lot of it seems like common knowledge (as dozens of you have pointed out), for some people who were never guided properly in how to handle their financial life - it just isn't. +In my opinion, just like Personal Relationships, Personal Finance is a very complex issue that often has rather simple solutions - you just have to see them, and then make the effort. +*Let's try to keep supporting each other - and reserve judgment whenever we can*. ***You don't know what other people are going through***, and comments like, "u r all dumb I pay my cards every month and if u don't u need a brain transplant" aren't helping anyone. + +This is only one of MANY strategies that can be used to tackle debt, and it is only an example. In order to draw up the example, I had to pick some numbers, such as the balance, the APR, and the minimum payment %. This example is actually not nearly as heinous as many Credit Cards out there, which have minimum payments that are much lower than 3%, and all but trap you in a cycle of paying *just enough* to keep you card right near the limit. + +In those examples 14 years looks like no time at all. + +Here are the Online Calculators I used to find these numbers: + +[Minimum Payment Calculator](http://www.creditcards.com/calculators/minimum-payment.php) + +[Snowball Calculator](http://www.whatsthecost.com/snowball.aspx) + +I encourage you to plug in your numbers and see how they change based on different payments. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +My new job is offering std. it’s $4.18 a pay check for 20% or 12.48 for 60%. I am looking to start trying for kids within this next year. Tbh I had also thought maternity leave was paid for through the employer but I’m reading that it is actually std covers this? Anyone more familiar with this? + +Edit. Short term disability. Not planning to get any other stds from work. Especially since I work at a veterinarians office. +This German thing is what proves it. And honestly, I’m pretty fucking impressed that Wall St & MSM have been so in sync in presenting the fake numbers to us. Fake price. Fake float. Fake short interest. Fake borrowing fees. Fake institutional ownership. Fake proxy votes. Fake graphs. Fake shares. FAKE FUCKING SYSTEM. + +Do you realize the lengths they have gone through to keep this under wraps? + +I remember when “naked shorts” was some far fetched conspiracy theory.. bc illegal. Lol + +I remember telling a finance professional family member about dark pools and him looking at me like I just said the Earth is flat. Only for GG to come out a year later and not only prove dark pools are “real” but to say NINETY - FUCKING - FIVE PERCENT OF RETAIL ORDERS GO THROUGH THEM. + +Were the Brazilian puts a glitch? Of fucking course it wasn’t a glitch. It was a glimpse at the truth. + +Someone put an end to this goddamn Ponzi scheme. +Full Article Here: [https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html](https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html) + +&#x200B; + +**On Wednesday, the movie theater chain launched a new portal on its website just for its retail investors. The site, which requires stockholders to self-identify and sign-up for the chain’s loyalty program, contains “special offers” and company updates.** + +One of those special offers is a free tub of popcorn. + +AMC’s retail investors have [propped up company since January](https://www.cnbc.com/2021/06/01/amcs-ceo-wants-to-use-the-meme-frenzy-as-a-springboard-for-growth.html), sending the stock up more than 1,400% in the last five months. Shares were up more than 20% in premarket trading Wednesday. + +The company said it had 3.2 million individual shareholders as of March 11, who own about 80% of the 450 million shares outstanding. Many of them were inspired by the r/wallstreetbets Reddit page to purchase the stock. The forum selected several companies that were being shorted by large hedge fund groups and decided to take action. + +CEO Adam Aron has praised these investors for their support. The company delayed its annual shareholders meeting by more than a month in order to give these investors an opportunity to attend the event and “make their important voices heard.” + +Aron and AMC both plan to [donate $50,000 to the Dian Fossey Gorilla Fund](https://www.cnbc.com/2021/05/07/amc-ceo-adam-aron-raved-about-its-reddit-investors-on-an-earnings-call.html) — a clear nod to these new investors, who call themselves apes and refer to Aron as “Silverback.” AMC also has shifted its communication style to speak directly with shareholders via social media, including YouTube. Aron has even taken a renewed interest in Twitter, “following” hundreds of accounts tied to the “ape army.” + +AMC Investor Connect is the next step in the company’s strategy of connecting with these investors. The platform provides shareholders with exclusive promotions, like free or discounted items and invitations to special screenings, as well as direct communications with Aron. + +“During my five-plus year tenure as CEO at AMC, I’ve taken great pride in the relationships I have forged with AMC’s owners,” Aron said in a statement Wednesday**. “With AMC Investor Connect, that effort in relationship building will continue apace even if our shareholders now number in the millions. After all, these people are the owners of AMC, and I work for them.”** +Here is a rant that nobody cares about, but it's good enough to read, I'll even give you a TLDR now. + +TLDR: We are this way, because it's the only way we are allowed to be, as retail traders. + +Now that that's out of the way, lets look at it from a normie traders point of view. + +&#x200B; + +1. **Pattern Day Trading:** Why does it exist? To protect us? From what? Do you ask for a W2 for everyone literally walking into a casino to see if they are capable of losing what they are risking? No, they are free to spend as they please. Funny, I thought that's what a free market was for too? +2. **Market Makers:** You want us to literally just stop, leave, and use a casino? Use DraftKings and that sort of platform, ok. Now what, how do you make your money off of "dumb money" when it's gone? You need us, we need you. +3. **\*WHY\* is a collective of people on Reddit such a danger?:** For the sake of arguing, before this happened, there were 800,000 of us just being collectively dumb together. LETS JUST SAY, combined, we had 1 billion dollars between 800,000 people. That's scary? You lost 2.7b in the first wave of short losses, then asked for help for another 3b. Do you know what that means? THAT MEANS, that hedge funds, as a collective, is the problem, NOT REDDIT. +4. **When we got together, it was a crime, when you got together, it was not a problem?** How can we be "investors" in a rigged game, literally, please explain it. We HAVE TO GAMBLE to make money, because those are YOUR RULES. +5. **Trading is passive income, not a job:** Yeah, it's a passive way to kill time for 95% of us, make a little side money, couple grand here or there, sometimes get lucky and make 10k. This is a lot for regular people, it's literally NOTHING to you, but debt payment and vacation funds for us. +6. **We are Degenerates and Dumb Money:** If a large group of dumb people cost you money is a problem...then why is a large group of smart people (you market makers and hedge funds) that manipulate costs to take dumb moneys money away, allowed? + +Anyways, there is a list 3 miles long. + +GameStop isn't about GameStop, it's a beacon of reason, it could have been any stock, Citron just picked the target and we used it. + +Good Luck Diamond Handing gents. Think about it this way. No matter what happens, **THEY HAVE LOST MORE MONEY THIS MONTH**, than what average day traders have collectively made in 5 years. Let that sink in. + +Edit: This blew up, appreciate all the support! + +I recently saw this video, it's 10 minutes long, but the ***first 3 are incredibly important!*** +***Jim Cramer*** exposes what illegal activities hedge funds and short sellers do to manipulate the market. [https://www.youtube.com/watch?v=VMuEis3byY4&t=2s](https://www.youtube.com/watch?v=VMuEis3byY4&t=2s) . They literally take advantage of the SEC not knowing what they do. + +Hold strong brothers +Have cheap rent but have wanted to move for a while. + +I have enough saved to buy a house out of town. + +What are the chances we actually see a market correction? + +There's an older but well built house for sale that would cost ~400k to build yourself, ~600k to have built new on land that would go for 200k now (~100k 2019) for sale for 550k. + +Does anyone think we will see houses sell for substantially less than they cost to build? +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +*I'm just gonna start off by saying that this is a sequel to* [*The MOASS Preparation Guide*](https://www.reddit.com/r/Superstonk/comments/mm5qle/the_moass_preparation_guide/)*, a post I wrote a few months ago. I felt it deserved an updated version considering so much that has happened recently, also i've learned a lot since then. This guide will be pretty in depth but don't worry, my view is that when you're explaining something, always imagine you're talking to a 5 year old (ELI5). So make yourself a cup of coffee, and grab a tasty crayola and enjoy.* + +*The subsequent sections are as follows:* + +* *Pre-liftoff preparation* +* *D-Day* +* *During the MOASS* +* *Immediate Aftermath* +* *Long term aftermath* + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +Please read though this as i believe it is important that we all have an understanding on the game plan 🚀 + +# Pre-liftoff Preparation + +https://preview.redd.it/pskg3gxrka871.jpg?width=1280&format=pjpg&auto=webp&s=09b3bccc95d16594bc2a8cf9e5307e08eaf11058 + +* **Brokers preparation** \- I think everyone should take the time to understand the nuances and rules that the broker applies on trading. Some brokers may have some sneaky fine prints. So you should make sure that nothing can get in the way of you and your tendies. + * Take note of the brokers that previous placed trade restrictions [here](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/). + * some brokers (Trading212 for example) have decided to restrict buying if you do not agree to their share lending program (*Do* ***NOT*** *agree to this.*) + * If you have all your shares in one of these bad brokers and can't transfer, don't sweat it too much. **JUST DO NOT SELL YOUR SHARES.** The message was clear as crystal in January: if they prevent free trade like Robinhood did then that means they will lose customers and face litigation, so i *hope* for their sake that they have prepared for this. + * It also wouldn't hurt to email your brokers customer service and ask them "*will you prevent me from selling if the price goes to X amount?*". Additionally, i would recommend keeping documentation, screenshots and recordings of your positions just incase f\*ckery arises. It's good to create a paper trail just incase you need to bring them to court. +* **Back up broker** \- If you can, open up an account as soon as possible on a reputable broker and buy at least 1 share. Don't aim to maximize gains but to minimize the regret of missing out just in case your broker decides to f\*ck you. The rule of thumb is usually that commission based boomer brokers with horrible user interfaces are the most trustworthy. See the "good brokers" in the link above. +* **Diversify Brokers -** if you can, spread out your holdings across multiple brokers. Also take note of what clearing house they use. You don't want to be caught up in some f\*ckery where both brokers wont let you sell because they share the same clearing house. A solution to this could be to transfer shares. Some brokers allow you to transfer shares to others, but small "shit" brokers like eToro for example, do not. If thats the case then **hold** tight and buy on a different broker, if you wanna buy more shares. + * Here is a [list of some brokerages](https://investorjunkie.com/stock-brokers/broker-clearing-firms/) and the respective clearing houses they use. + * Here is a list of [brokers who placed restrictions](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/) in a follow up post i made. + * Trading212 for example: they're becoming Robinhood 2.0 now as they decided [to place buy restrictions](https://www.reddit.com/r/Superstonk/comments/oa7nq4/fud_alert_t212_simply_do_not_agree_to_terms_hold/) if you don't agree to their share lending program. Admittedly, I am a Trading212 customer. So this is why you should diversify brokers, you never know when they are going to pull some shady shit. + * *side-note*: I would stay away from brokers that use Apex Clearing, they're shady as shit. +* **Order Routing -** Order routing is when an order to buy or sell a stock is sent from your broker to an exchange. There are two kinds of exchanges: ***Lit pools and Dark pools.*** + * Dark pools do not display prices at which participants are willing to trade (**ie; in the dark**), whereas lit pools do show these various bids and offers in a stocks. It's been said that the naked shorting gang pay millions to brokers to have millions of orders routed through their own dark pools, to which they can perform shady business (skimming cents off the spread of every order, suppressing buying pressure etc). + * **This brings me to my point:** If you are thinking about buying some shares, you should route it through IEX, which is an exchange that was made in order to mitigate the affects of high frequency trading. [Oh hey, look! Our friends at Citadel don't like IEX](https://www.reddit.com/r/Superstonk/comments/oa7st6/citadel_really_doesnt_like_iex_if_you_have_the/?utm_source=share&utm_medium=web2x&context=3). +* **Cash account, not margin -** if you haven't already, request your broker to change your account from a margin account to a cash account. This way your shares are entirely your own and aren't being lent out to short sellers. Note that you need to have no options or short positions active with your account before you do this. If you are reluctant to switching your account then make sure that you have no withstanding deficits in your account so you don't get margin called and your broker automatically closes positions without your consent. Yes, this has happened to people before. +* **Online Security** \- If you have learned anything from all this it's that you should not trust anyone. Take the time to enable two-factor authentication on your bank/broker accounts. Also you should have a different password for each account, preferably 20+ characters with a mixture of alphanumeric characters and symbols. + * Do not use public wifi to log into your broker account. + * Use a VPN when possible. +* **Taxes** \- It is crucial that you learn about your countries [capital gains taxes](https://www.investopedia.com/terms/c/capital_gains_tax.asp). I would go deeper into this, However different tax rates apply in different countries depending on how long you are holding the stock. To keep this general for all users i will say Just google "*what are the tax laws for stocks in <my country>?*". (If you're a smooth brain, dont worry. I have the solution for you in immediate aftermath section) +* **Prepare a personal balance sheet** \- It may be a good idea to prepare a balance sheet. A balance sheet is a snapshot of net worth and lists all your assets, liabilities, cash etc. This will make your life (*and your accountants life*) easier when you need an accountant. If you need a better understanding of balance sheets see this [video here](https://www.youtube.com/watch?v=hhKO6MRvk_c). +* **Mental preparation** \- This one isn't so obvious, but please prepare yourself for seeing life changing money in your possession. Have a long think what you are going to do with this money. And as a side note: try to not tell too people you're invested, the less people know the easier your life will be. + +# D-Day + +https://reddit.com/link/oakqvt/video/rxsvzjnska871/player + +* **Take care of your health** \- Firstly, on the day of lift off you will definitely feel overwhelmed with emotions and anxiety. You're probably going to feel a little dizzy seeing the price increase exponentially. Please sit down when you are checking the price. The last thing i want to hear is that a fellow ape fainted and cracked their head because of being overwhelmed with emotions. In my opinion, deep slow [diaphragmatic breathing](https://my.clevelandclinic.org/health/articles/9445-diaphragmatic-breathing) really helps to slow down your heart rate and reduce anxiety. +* **Expect Trading Halts** \- There is a difference between trading suspension and trading halt. Securities exchanges have the power to temporarily [halt](https://www.investopedia.com/terms/t/tradinghalt.asp), in the middle of the trading day, or delay, at the beginning of the trading day, trading on a stock. halts and delays usually last less than one hour. As opposed to suspensions, which can last two weeks. Suspensions are enforced by the SEC + * **In the case of trading halt:** The NYSE may stop trading if the price rises too quickly. This is usually done to prevent massive impulse waves and let people calm down for a few minutes. But this is futile in the setting of a short squeeze, because all shorts must cover regardless. You can also check when GME is halted [here](https://www.nyse.com/trade-halt-current). Do not freak out if the graph flatlines. + * **In the case of trading suspension:** I believe that if the infinity pool happens, meaning shorts literally will not be able to cover the potentially billions of synthetic shares they have created, driving the price to literally infinity, that the SEC most likely implement a trading suspension. We won't know unless it happens. But, who knows? They might not. You can read about trading suspensions [here](https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_tradingsuspensions). +* **BOTS, BOTS EVERYWHERE** \- This could go two ways: either the shorts don't have anymore money to pay shills or we will have a massive influx of bots/shills on here and <*other stonk subs*\> trying to nudge people to sell. They will say something like "wow i sold my 3 shares for 30K" and try to create a narrative that below 100K is the peak. **100K is not the peak.** don't listen to it. we set the price. +* **Reddit might be down** \- during the rally from $40 to $90 in February Reddit inexplicably went offline. It happened a couple of other times before when the price rose considerably. This could be due to a DDOS attack or just too much traffic to the site. Either way, if Reddit does go down don't worry. **We are all still here.** + * The only call to action would be to go to the [SuperStonk youtube](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) channel, which the mods said they will do an emergency broadcast when things kick off. So go there for communication. + * Backup places to check out would be the mods twitter pages + * [https://twitter.com/rensole](https://twitter.com/rensole) + * [https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + * [https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +# During the MOASS + +https://preview.redd.it/54mzc28uka871.png?width=1890&format=png&auto=webp&s=e6554f4f0e276f93d84d22c6cd766167638bd9c1 + +* **Diamond hands** \- This one i cannot stress enough, the mantra is clear: HOLD! If you sell early you creating downward pressure against the MOASS. If the short position is in the billions of shares (which has been theorized) then this shouldn't be too much of a problem, but regardless - **KEEP THOSE HANDS DIAMOND!** The squeeze could last a few days, week or indefinitely. At this point no one knows. Don't feel pressure to sell when it goes $100K+, if the DD is correct (and it has been so far) then we are not stopping add measly hundreds of thousands. + * A **forced buy-back** differs from a **Margin call,** in which a margin call is just a notice to "*increase the amount of money in your account before we close your positions, because you won't be able pay us if this goes any higher*" + * Prime brokers will implement forced buy-back of hedge funds to cover their short positions. This means they will go the open market and buy them for what ever someone is will to sell them for. + * The stock price = the last price it sold for. If the only sells available were asking for 1 million, then that means the price will be 1 million. And since it's likely there **aren't** enough shares in existence to cover the amount of shorting that went on then theoretically this ape filled rocket could blast through the moon and land on Alpha centauri B. +* **Whats an exit strategy?** \- This one isn't so obvious because the we don't know what the peak will be, but you should have an exit strategy: Plan out what you need on the day of selling, where do you need to be? think about that day and visualize it so you aren't overwhelmed with anxiety when it actually happens. As for selling: all i can say on this matter is do not sell on the way up as it's a bad idea. ([~~explained here that you should~~](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)) Use [this exit strategy](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) instead by u/gherkinit: +* **Understand the different types of orders** \- Limit Order, Market Order, Stop Limit Order and Stop Loss Order, explanations on the pro's and cons of each can also be found [here](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) + * Some people have noted that certain brokers have limits on the amount you can place an order for **online** (in terms of dollar value). Just to be safe make sure you have phone credit and the number for your broker ready to contact them to execute an order if this applies to you. + * Also, some brokers may not even limit orders (Revolut as far as i know). Don't sweat it, this is beyond your control. Just sell on the way down, or don't. I don't care this is not financial advice. +* **Sit down when you decide to take gains** \- When the dust has settled and you decide to take gains, again, sit down and drink some water and breath.. because you may faint or possibly get sick from seeing that you have sold a single share for an ungodly amount. +* **Don't publish your realised gains publicly** \- Obvious one, don't be that person who flaunts the gains online. You are going to cause a lot of fair-weather friends and family to crawl out of the woodwork trying to get their hands on your tendies. It may be tempting to rub it in the faces of the people who doubted you, but just don't. It's not worth it. +* **T+2 settlement -** When you sell a share, it actually doesn't get settled until 2 days after it's executed, meaning you don't actually have the money in your brokerage until 2 days later. Learn about the [settlement violations here](https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations) before you start going off buying other stocks with your gains. This T+2 settlement also gives the SEC the power to reverse any transactions they seem fit due to violations. Not meant to be FUD, i just thought its useful to know. I doubt they will start reversing transactions during the MOASS, but if it does occur. **Hold tight, again: we set the price.** +* **WHAT DO WITH MONEY?** \- It should be known that your regular current/checking account is only insured up to $250,000 if you're in the [US under the FDIC](https://www.fdic.gov/deposit/deposits/faq.html) and €100,000 if you are [in the European Union](https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/managing-risks-banks-and-financial-institutions/deposit-guarantee-schemes_en). So its not advised to dump all your money into your bank account straight away. I would wait for T+2 settlement to clear then invest in value stocks, so you're money isn't tied to your broker, should they have issues. This brings me to the next section... + +# Immediate Aftermath + +https://reddit.com/link/oakqvt/video/hh2kj98vka871/player + +* **Assemble a team of legal and financial advisers:** + * **Lawyer up** \- Hire a [tax attorney](https://www.moneycrashers.com/when-to-hire-a-tax-attorney/) to deal with any problems that may arise from all of this. Hire a family law or estate planning attorney that can arrange a Will for your family immediately. + * side note: do NOT sign anything, from your broker/bank/crayon dealer or anyone if you do not understand it. Make sure you have an attorney read anything you may or may not be asked to sign. + * **Get an accountant** \- Get certified public accountant who helps wealthy families organize their finances and guide you through your finances. + * **Hire a financial advisor** \- Make sure you hire a financial advisor that is sworn to act as a fiduciary (*acting in your best financial interests, not theirs*), preferably with experience managing significant wealth. Make sure you check their certifications and that they aren't trying to push you to buy some insurance policy. The requirements to be a FA aren't concrete so there are a lot of snake oil salesmen that really don't have your best interests at heart. Make sure how you ask how they profit from you being their client and make sure they aren't trying to make commissions. Also, look out for high fees. Minimum advisor fees based on AUM should not be over 1% unless they can justify it with amazing historical returns. +* **Expect to vilified by MSM** \- In the case of a financial crisis, i can nearly guarantee that they will try to blame us rather than the hedgies and regulators who caused it. Pay no mind to mainstream media and stand your ground. + * Expect people to say you just got lucky, expect them to speak as though we are ones who caused this. They will lie, twist and corrupt the truth. Expect your friend who paper-handed a few months back and still think's GameStop is dying brick-and-mortar resent you. You don't need to justify yourself. All of our research has been documented, archived and literally shouted from the rooftops for months. As Michael brrry would say "*I warned, but no one listened*". + * They may also try and backtrack to a pro-GME narrative now that it's not financial in their interest to side with SHFs. Just remember: **MSM is not your friend, these people are allows pushing the narrative that they are paid push. It's literally their business model.** +* **Do nothing with the money** \- this kind of piggy backs off the first point about assembling a team of advisors, but please don't just cash out and go crazy with the money. Sit and think about it for some time. Let reality settle in and decide how are you going to use this money to help yourself and the people around you. Lambos are great but they won't bring you happiness forever. Don't blow that money down the drain. Educate yourself on how wealthy people maintain their wealth. + +# Longer Term aftermath + +* **Expect turbulence in the economy** \- this wont be just contained to the world of GME. This is going to have a ripple affect across the world economy as the powers-that-be, who have been taking advantage of the system loops holes, finally pay their debt. Here is some essentials you should check out (in order) if you haven't already, this is 2008 ~~all over again~~ continued: + +1. [**Inside Job (Full movie)**](https://www.youtube.com/watch?v=T2IaJwkqgPk) \- by [Charles Ferguson](https://en.wikipedia.org/wiki/Charles_Ferguson_(filmmaker)) +2. [**The Bigger Short. How 2008 is repeating**](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) **-** by u/Criand +3. [**A House of Cards**](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) \- by u/atobitt +4. [**The EVERYTHING Short**](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) **-** by u/atobitt + +**High/hyper Inflation -** We need to talk about [inflation](https://www.fdic.gov/deposit/deposits/faq.html). In v1.0 of this guide I mentioned a possibility of inflation, but as more news has come out it's pretty much a guarantee. Also, I didn't give much recommendations on what to do about it. So, i learned a bit about inflation so you don't have to: + +* **The** **What?** + * Since governments have moved away from the gold standard, countries have the power to create money out of thin air through [quantitative easing](https://www.investopedia.com/terms/q/quantitative-easing.asp). + * Inflation is the annual percentage rise in the cost of living. Okay so what does that really mean? Here is smooth brain explanation: If you have $1 in 2020, and inflation rises 10% in 2021, you still have your $1 but you only have the buying power of $0.90 relative to last year. This is why holding onto cash is not good in a high inflationary economy. +* **The** **How?** + * Everyone always says its from over-printing of money, but in reality this is just a symptom of a failing economy, and a byproduct of the citizens lack of confidence in the currency. + * In order to counter these rise in prices, the FED (or central bank) will raise interest rates, essentially reducing the amount of money in circulation. + * The chair of the Fed, JPOW himself, said interest rates won't be [raised until 2023](https://www.cnbc.com/2021/06/16/fed-holds-rates-steady-but-raises-inflation-expectations-sharply-and-makes-no-mention-of-taper.html). However, fear is arising in the stock market as many speculate we have high inflation because the massive amount of "free money" initiatives to help the country get back on its feet, but it's just not being seen due to COVID-19. + * I think it is also noteworthy to say there is a difference between high inflation and hyperinflation. Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month. +* **How to protect yourself?** + * Well firstly I'd like to note assets to **avoid** during high inflation: + * [Fixed rate bonds](https://www.investopedia.com/terms/f/fixedrate-bond.asp) + * [Growth stocks](https://www.investopedia.com/terms/g/growthstock.asp) + * [Cash](https://www.investopedia.com/terms/c/cash.asp) (yes, that includes the money in your savings account) + * The **best** investments during high inflation: + * [Real estate/land](https://www.investopedia.com/terms/r/realestate.asp) + * [Commodities](https://www.investopedia.com/terms/c/commodity.asp) (Gold, oil etc.) + * [Boomer Value Stocks](https://www.investopedia.com/terms/v/valuestock.asp) +* **How about crypt-0?** + * I can't name certain coins here because of auto-mod, but you know of the big ones I'm talking about. + * It is assumed that anything with a limited supply will inevitably move with inflation. the loss in confidence people have in fiat currency is prevented with crypt-0-currency as it has an immutable finite supply. + * However, you also need to bear in mind the *utility* of the asset. Just because something has a limited supply does not mean it's valuable (*The 2021 shit-coin craze being evidence of this*) + * In a financial nuclear winter event, it may a case that some coins may become too expensive to mine due to rise in electricity prices, leading to a disinterest/disincentivization in holding the asset and thus reducing it's value. + * Be careful if you decide to hedge with these assets as they are yet to be stress-tested during a financial crisis, some might succeed and many will fail. +* side-note: One silver lining i learned about inflation is that the burden of any debt you may have will be softened as the nominal value of the debt stays the same even as the value of the currency decreases. What does this mean? if you owe money, lets say a mortgage or student loan, it is easier to pay of that debt as it is assumed you wages will increase, while the number of dollars you owe stays the same. (*not that you will have a job after the MOASS anyway ( ͡° ͜ʖ ͡°)* ) + +&#x200B; + +[Taken during the 2011 Ocupy Wallstreet March \(At National i](https://preview.redd.it/4xpmi7xxka871.jpg?width=1908&format=pjpg&auto=webp&s=1b1e4adfcd66be4d4003cbee35d6d0796c96badf) + +*If there is anything else you think should be in here let me know in the comments. This is just my opinion and not financial advice. I am just an ape who eats crayons for fun. This will probably be my last DD before valhalla (financially speaking), I'll finish by leaving you with this image (above \^). Remember what happened in 2008 and don't show any mercy. HOLD.* + +&#x200B; + +\- Socrates ( ͡° ͜ʖ ͡°) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +**TLDR: no tldr you lazy ape, go read it. Its important** + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +&#x200B; + +\- edits 1: Diamond hands section typo : "\*\****aren't*** *enough shares", not "are enough shares"* + +*- edits 2: removed WardenElites exit strategy, added the gherkinit's exit strategy* + +*- edits 3: added mods twitters in Reddit going down section* +Say if I have a credit card with a 10k limit but I keep paying off dues everyday instead of waiting for bill generation, will I be able to use more than this monthly limit of 10k within that month without facing additional charges? + +If it is possible wouldn't that help with getting credit card usage rewards faster and increase my cibil score? + +Update: Thank you for all the comments. From what I can gather from them: + +- It doesn't affect your CIBIL score because they only look at the bill generated. + +- Don't let the bill be 0 as it will make it seem like you are not using your credit card + +- Don't let the bill be really close to the limit as that doesn't sit well with CIBIL either. + +Update 2: + +- From certain comments and googling, using less than 30% of your credit limit on your bill gives the best CIBIL scores. + +Update 3: + +- This is a possibility from one certain comment: If you make a huge spend close to your limit, that might get recorded and negatively affect your CIBIL score even if it's not part of the bill. I'm not sure about this tho. + +- It's advisable to use the increase in CIBIL score to get a higher limit card or multiple cards to give more leeway for your usage and maximize rewards depending on your bank. (Of course make sure you don't spend more than what you have/will earn.) +Hi everyone, this is super personal for me but I don’t know where else to write this. I currently have a spending problem and feel like I always have. I come from a fairly well off family. If we ever wanted something or needed something we got it with ease. But now that I’m on my own and In college I’m struggling to learn how to budget and separate needs from wants. Do you guys have any advice where I can set myself on the right path ? +You guys wana see some shit... Ill take you on a lil trip... This is not financial advise - I smoke a bong - + +The next crash is going to be so big, that they actually need to have the American People, and people off the world bag hold all this shit... If the people dont bag hold, there wont be anything left. Years of fake money printing, fake money supply, is coming to an end. These old fucks really ran it hard for 40 years and at the expense of everyone else. But markets always crash, they just do. + +There is not 1, not 1 major Financial Services Firm that has a bearish sentiment on things. Not 1. So for the record, I think its clear they do not have clients best interest, and actually have everyone holding the same shit. Everyone owns a basked of etfs and mutual funds, that are all the same. (aint no one got that GME) + +Inflation 6.2% reported, the RRP is stilll at $1.45 trillion, people are quitting work at a record pace, crytpo coins making billions of percent... Houses are not affordable if you have a regular job. Houses are not affordable if you have a great job. + +The Government is broke as fuck. LIKE, I wouldn't want to be seen at a cool party with your broke ass USA Gov... And its all fucked... + +[So Nearly $30 Trillion in debt...](https://preview.redd.it/i6bczvhkg8z71.png?width=1370&format=png&auto=webp&s=c042e4118aaaa8bbdab06b8d3d632883411e106c) + +Most Apes get this, but the older Boomer (and I apologize for the Stereotype) who own FANG (Remember Jim Kramer invented "FANG") and think they're a Genius holding Amazon and Google, the companies who stole our rights and data, and sold us off to Algos. + +I won't buy a company like Ammamamozon, because its too much consolidation to one company - long term, it would not be able to support enough people - Unlike me, many people don't care if they buy a stock that is bad for the country. Most people are selfish and they are going to get theirs. + +See lets look at SPY..... how greedy are you gonna be? If you were a boomer who made $5million, and retired with $1million - cash the fuck out - + +[Look at 2008 and Look at now... Sorry for the shit graph and that purple line, i like purple... ](https://preview.redd.it/34kvqhd2h8z71.png?width=2244&format=png&auto=webp&s=d121be9db9660c04ac2d28ed331b8fe45962839e) + +How much further can this market go? + +So im not trying to be a fancy TA post... Im not a TA Expert by any means (full disclosure) + +[When I zoom in, It appears it broke the channel and it looks broken for now.](https://preview.redd.it/bx57e96nh8z71.png?width=1984&format=png&auto=webp&s=df832d8920a8067393bc49db8f4f5bdf0acb95c1) + +[Top Ten Holdings are over 27&#37; of the S&P 500](https://preview.redd.it/onjgsz4vh8z71.png?width=1846&format=png&auto=webp&s=7fd37aaa028afdca005c2f6724362cfb94aaa34c) + +So when this market falls, there is massive "concentration risk" because if any of these large tech stocks get smoked, it will bring the entire market down which is why --------- these mofos are selling like crazy... + +This mother fucker bezos is the best one - because when this market crashes - Amazon could easily drop 70% - if you dont believe me go and look at standard deviation of individual stocks during crashes - hes gonna lose like $150bn - hes selling like a mother fucker lol... + +[Just the last few weeks, I don't care to show more\/go there more but the link is below. ](https://preview.redd.it/9zaqzubvi8z71.png?width=1966&format=png&auto=webp&s=2da4ba22c50c45f7383590646f8cf55d73572243) + +[https://finviz.com/quote.ashx?t=AMZN](https://finviz.com/quote.ashx?t=AMZN)= + +[Mark Zuckerberg rebranded FB META, and has CNBC pump it so he can sell his shares to old people at all time highs... ](https://preview.redd.it/ebz8jtb7j8z71.png?width=2194&format=png&auto=webp&s=742148b4803fc3026a943ca166f2d8ee4b9ab155) + +[Shilling Facebook while Mark is offloading Billions before the crash... ](https://preview.redd.it/i9db3tikj8z71.png?width=1336&format=png&auto=webp&s=73ae1de24854252467b3a07e851a06c8d9c98585) + +[https://www.reuters.com/world/china/chinas-factory-gate-inflation-hits-26-year-high-2021-11-10/](https://www.reuters.com/world/china/chinas-factory-gate-inflation-hits-26-year-high-2021-11-10/) + +"BEIJING, Nov 10 (Reuters) - China's factory gate inflation hit a 26-year high in October as coal prices soared amid a power crunch in the country's industrial heartland, further squeezing profit margins for producers and heightening stagflation concerns. + +The producer price index (PPI) climbed 13.5% from a year earlier, faster than the 10.7% rise in September, the National Bureau of Statistics (NBS) said in a statement." + +Inflation in China is 10 and 13.5% - WTF? + +[I BELIEVE CHINA HAS A MORE ACCURATE count than USA - Fuck me - ](https://preview.redd.it/s14vmyktk8z71.png?width=1492&format=png&auto=webp&s=fce64ae6238b80aa6bd7c8900afd8838c9377b3c) + +But 28% of the worlds goods are gonna go up 13.5% - + +But at no point did any firm stop and say - lets ease up - the don't they cant - the American People have to bag hold this crash or there wont be anything less. Im not happy about it. Im getting nervous - + +But this is why we have a crash coming \^ + +**The Media, Banks and Financial Institutions are lying to their clients about the true state of things - there is not one major financial services firm with a bearish view on things - astonishing!** +I was the ideal candidate for fatFIRE. Grew up in a frugal middle class family that strongly valued education and supported me through college. Spent another several years in medical school and residency to achieve my long-time dream of becoming a physician. Moved to an amazing location and started making big bucks the last couple years which have been the best years of my life so far. On track for mid 300k income this year. Have a good relationship with my family, married to a great husband, hang out with friends almost every weekend. Paid off all student loans and bought a house that appreciated like crazy. I have been reading this subreddit and whitecoatinvestor almost everyday for the past 6 years making sure to maximize my 401k and Roth IRA contributions and investing most of it into the total stock market which has resulted in a current net worth of about 750k in my early 30s. After hitting the 500k milestone we have been splurging more on nice food, traveling, nice furniture, and having more fun in general. This lifestyle inflation was great for me because I was way too frugal in the past. I used to miss out on things that would've increased my happiness over a couple dollars and lose sleep all night over getting scammed out of $10. Now I could loosen the purse strings and really do whatever I wanted. We were on track to fatFIRE in under 10 years even with the significantly increased spending. + +We always got the cheapest high deductible health insurance and for the first time, we decided to go for the best insurance this year and get whatever we wanted done. I ended up getting a brain MRI because I always wanted one, and turns out I have a rare brain tumor located in a region that is too dangerous to even biopsy let alone remove...Oncologist plans to monitor to serial MRIs to see if it grows. + +This sucks...it really sucks. I feel like all my efforts went to waste. I had everything going right for me. For once I was able to freely spend more money on things that mattered to me without feeling guilt or worrying about it affecting our FIRE plans too much. I felt so secure about the rest of my life. I didn't feel jealousy over others. Now I don't know what to do anymore. Who knows if I can even retire early now that I'll definitely need good health insurance for the long-term. Who knows if or how this tumor will affect me in the future. It's not fair that I had no control over this issue. I tried staying healthy. I never smoked. I never did anything that caused this tumor to exist. I was basically doomed with this since birth. + +I don't know why I created this post. I guess I wanted to vent to a group who would understand this FIRE goal and why I'm so shattered about it. I can't really tell coworkers, friends, or family about this health issue without major chaos ensuing. Husband is being optimistic that it won't grow or cause me adverse effects and that's all I can hope for. Thanks for listening. + +tldr: Was basically guaranteed to fatFIRE by age 40, but everything was too happy and perfect so life decided to give me an extremely rare brain tumor that researchers don't know much about + +EDIT: Thanks to everyone offering support. Im happy about how so many of you in this community are caring and understanding of my situation. I did not expect my post to be nit picked for its authenticity. I’m not more upset about the fatFIRE part than having a tumor part. I’m upset that I had this plan to live a long healthy happy life for decades after retiring and obviously that may not happen anymore. I would have preferred not having a brain tumor in the first place. I didn’t include every detail of why I got the brain MRI or all the nuances regarding the tumor because this post is about FIRE and NOT about seeking medical advice. We already have a plan to repeat the MRI in 3 months to see if it grows. Will not have prognosis until then. I don’t know why it matters to anyone but I have long term occasional migraines and decided to see a neurologist about it who immediately ordered the MRI Brain since I never had one before. I’ve been curious about getting the MRI for years since I saw all these other patients with migraines getting them and insurance covers it for migraines and dizziness in my experience. It was covered with a small copay. When a lesion is found on an MRI the radiologist characterizes the lesion in how it looks, the size, if it enhances with contrast, etc. The results say according to the appearance it’s suggestive of a tumor we didn’t learn about in medical school. Based on the appearance you can guess what it is and what it’s not without a biopsy. I obviously saw a neuro-oncologist following this who told me my case was talked about during a tumor board with neuroradiologist, neurosurgeon, radiation oncologist, and the neuro oncologist. There are under a dozen articles about what the tumor likely is which is very few. Other more common tumors have hundreds of articles. I am surprised that there are posters claiming to be MDs acting like it’s impossible to get a brain MRI covered by insurance when it costs $425 cash for MRI Brain without contrast. They must be in specialties that don’t deal with this because I have ordered many MRI brains for patients that were covered without problems. +I know this is very generic but I am almost 22 and just got hired at a large utility company. I’m going to gross about $104,000 this year and am wondering the best way to make use of that money so I can retire by 50. I owe 15k in student loan debt and pay around 200 per month for phone/car insurance - - I live at my parents house at the moment + +Edit: I’m in the army reserve also, still debating if I should do the full 20 or get out next year + +Wow, thanks for all the feedback I really appreciate it. I’m a history major dropout not a finance guy at all so I have to get learnt here soon! +I am in the process of buying a house with my girlfriend and my dad originally gave us a gifted deposit of £2500. Our mortgage application has been accepted and we accepted their offer. Now my dad wants the gifted deposit back because he had a letter from our solicitor askign for ID checks etc. He has not rang up the solicitors stating we have committed fraud and that he wants the gifted deposit back. He signed the gifted deposit certificate from our lender. + +I have sent him back the £2500, my girlfriends parents have said they will give us the £2500 as a gifted deposit that my dad was going to originally give. What can I do now? +It has been reported that Wells Fargo is planning a massive layoff. Cutting up to 25% of its workforce, starting as soon as this coming Tuesday. Price of Wells Fargo shares have also hit lows not seen since 2009. The upcoming structuring might be what Wells Fargo needs in order to bounce back from its current lows. + +Although Wells Fargo is probably one of the worst managed banks, other banks are also in similar situations. It is rumored that Bank of America is intentionally holding off their mass layoff until 2021. + +Sources: + +[https://www.wraltechwire.com/2020/10/27/wells-fargo-workers-report-layoffs-underway-50000-jobs-at-risk-news-site-says/](https://www.wraltechwire.com/2020/10/27/wells-fargo-workers-report-layoffs-underway-50000-jobs-at-risk-news-site-says/) + +[https://investorplace.com/2020/10/wells-fargo-layoffs-what-to-know/](https://investorplace.com/2020/10/wells-fargo-layoffs-what-to-know/) + +[https://finance.yahoo.com/news/wells-fargo-shares-plunge-investors-210538894.html?](https://finance.yahoo.com/news/wells-fargo-shares-plunge-investors-210538894.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFNtmA81gk_y4o4UeIJb28wATDmLIg-jOnG8MlG_9cEl7s9VuhAdgxYeL9h8v08zLrxVbWRP4Kmt9KjkiBMmGaxeh5_VsU1JdVG9uz5KdtxK4NO3u1kWAXH9Jeke6eFfzviw5ND0VUyJ_l72M-vt86tG026z6n9Nlcw7XT9mWNFL) +Hi, long time lurker. Love this community. Tried posting this topic a few months back in a different community but got ridiculed for caring so much while having high NW. Myself: $3M NW, US based non-FAANG hard tech industry, one exit as an employee that gave me a good boost. Will FIRE at $5M in a few years. + +As my NW has increased and real life profile has grown a bit (I'm semi-public in my field, and feel I could be a target), I've become increasingly concerned about the security of my savings. I don't own any real estate or other hard assets, so all of my savings are liquid in e.g. index funds, individual stocks, etc. I do all of my financial management through the internet. These are the categories of concerns that I have: + +* **Custodian:** I have a large portion of my savings in popular entities like e.g. Schwab, vanguard, etc., and even some of the new robo-advisors. I've never quite understood what types of federal insurance apply to these custodians (e.g. can they go bankrupt? what happens to my funds in their custody, if anything? etc.). This applies especially to the new robo-advisors. My approach so far has been to distribute my funds across multiple companies to mitigate this risk, but I don't know if I'm actually.... mitigating any risk. And further, it feels like it opens me up to more vulnerabilities on item # 2: +* **Hack**: I'm kind of paranoid about this. Should I be? I use a PW manager; 2FA everything and never use my phone number as the 2nd factor; use multiple emails; etc. Still feels like I'm not doing enough. It feels like a constant battle to keep up with PW changes and so on, and that one vulnerability somewhere brings the whole thing down (e.g. email access; key logger; etc.). Are there steps that you all have taken to mitigate this risk? Or should I just chill out? +I was curious as to the status of this one and notice that today they had an update to it saying no objection. I haven't delved into it yet (should really be working), but maybe some apes with more wrinkles than I can take a look at this. + +[https://www.sec.gov/rules/sro/occ/2021/34-91491.pdf](https://www.sec.gov/rules/sro/occ/2021/34-91491.pdf) + +EDIT: based on other posts with more clarifying detail, it looks like this one just makes sure that we get paid. I'll go back to lurking and checking on the other rulings now. +Apologies for the lack of Uranium and nuclear industry updates of late. It has been a busy quarter. + +For those interested, back in September 2020 I posted an initial uranium bull market thesis in ASX\_bets with an updated version re-posted in February along with ASX positions and target prices. See link here for [in-depth Uranium Market DD post](https://www.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/) and the summaries of the ASX key players. + +# Peninsular Energy (PEN) Update + +Peninsular Energy (PEN), was previously once one of the greatest market hopefuls and one of ASX\_Bets most favorite meme tickers for all the penis jokes that come with the ticker. But more recently it has had a rough ride over last 3 months and it would only be just to provide some insight and understanding as well as what is lined up for the future. + +But before diving into what happened, here's a quick brief about who PEN are and what they have: + +* · ASX listed company with existing in-situ recovery (ISR) uranium mine in Wyoming USA. +* · **Historically have produced** high grade U3O8 and supplied a number of large nuclear utility groups in Europe +* · Mine production currently halted as they undergo optimisation works and to wait out market price recovery. Their view is ‘why should we produce our high grade uranium resource at these low prices when we can buy on market and sell direct to our customers’. +* · They are the **ONLY existing ASX junior** with a current running uranium **supply contract book** – they have ongoing contracts with European utilities netting US$8-9million per year extending to 2030. +* · **US$6.8mill cash in bank** and zero debt. 893.4m shares on issue **A$112mill Market cap** +* · 6months and for US$6mill for mine restart – re-iterated in latest interview \*more info below\* +* · After positive PFS, currently trialing new field demonstration with low pH (in replacement of alkaline mix) in a section of the mine lease not previously insitu-recovered. + +# PEN Share Price Recap & Events + +I've noted the key market, industry and ASX\_bets events per the annotated 6month chart and table below + +https://preview.redd.it/6oxtm0zmvuv61.png?width=1005&format=png&auto=webp&s=000c01b1a318316e3cf76d524eb3407d7ccf2318 + +https://preview.redd.it/mr5d99i8xuv61.png?width=915&format=png&auto=webp&s=96840f9916ce3f7af64057ed07d9a2ef2fa25d5c + +\* /u/Mutated_Cunt's letter from ASX\_Bets Shareholders to PEN CEO - [see link here for some lols](https://www.reddit.com/r/ASX_Bets/comments/lxfpkw/peninsula_energy_shareholder_letter_final_draft/) + +# Field Demonstration Updates - from Sub-Avg to Favorably Improved - i.e. the Science of the Mine + +**2015 – present**: Lance project, Wyoming is established as alkaline in-situ recovery (ISR) mine. They pump an alkline solution subsurface, which dissolves uranium and other minerals then they pump it up extraction wells and process the solution. a very cost effective and minimised environmental impact compared to underground or open pit uranium mining. + +**Early 2019**: Field Leach Trial (FLT) – conducted on previously mined area that used alkaline ISR techniques successfully demonstrated the ability to modify the system pH of 2.0 (i.e alkaline to acid) and then restore back to pH of 5.0. + +**Aug 2020**: after extensive lab testing of low-pH ISR they commenced operations of a field demonstration operated in an un-mined area of the ore-body. Purpose was to test scale of lab to field and if successful begin to change all future mining operations to low pH chemical use over alkaline + +**26th-Feb-21:** **Demonstration update** [announcement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02347252-6A1022235?access_token=83ff96335c2d45a094df02a206a39ff4) : they had achieved the designed flow rates into the ore body BUT also stated it was consuming more acid than modeled AND was taking longer than expected for the injection patterns to reach the target pH. They said they expect the ion exchange (uranium extraction solution) to increase as the recovery stream approaches the target pH and oxidation levels and at that time the ion exchange demonstration plant will be activated. + +They concluded that the field demonstration will now run for 18-24 months, an increase of 6months from original timeframe, such to collect “more valuable data on the low-pH process performance”. + +**On this news the share price took a big hit** from $0.175 to sub $0.1 (PEN-10 became the revised meme on ASX\_bets). + +It would seem most took the announcement on face value of it being very negative and it changes everything for PEN. But in fact nothing had really changed other than their demonstration was taking longer. The existing mine hadn’t been changed (trial was conducted in previously unmined section) and the cost and timeframe to restart production – using the their existing alkaline system hadn’t changed. Regardless though, market reacted. + +**13th-Apr-21:** **Latest field demonstration** [update](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02362842-6A1028126?access_token=83ff96335c2d45a094df02a206a39ff4)**:** They had modified the injection test pattern and incorporated a new oxidant resulting in improve response time, target pH levels close to being achieved and uranium in recovery solution increases. They had also activated the pilot uranium recovery circuit and noted the field demonstration is expected to be completed by 1h-2022. + +Below is new injection test pattern + +https://preview.redd.it/ftw4fvc2zuv61.png?width=669&format=png&auto=webp&s=d818cc8dcec4e7aab4ded96ff306f611c7d866ac + +The share price has since recovered somewhat from lows of $0.096 to levels around $0.12-0.13 (up \~35% from recent lows) + +# PEN – Near Term Future and Events to Look Out For + +A recent (12th-April) interview with Wayne Heli (CEO) on the Crux Investor led to some further key developments and potential news for PEN. + +Key points: + +* **PEN is in a fantastic position regarding start-up capital and timing** +* Wayne Heli -“At a point where we will make an investment decision to return our project to production..we are faced with US$6million investment for converting our project from alkaline insitu recovery facility that it is now to a low pH (acidic) ISR facility we inspire to have.” +* This will generate lower operating costs and higher productivity rates +* US$6mill to do that and approx 6months time frame from investment decision – “those numbers haven’t changed even with continued assessment” +* **Looking at $12-15million of new well field investment** +* · They can start for $6mill but will be looking for additional capital before they have production returns +* · New well field – carries about 1-1.5mlbs U3O8 +* · Current production rate is 1.1mlbs/annum +* · Total resource of 52mlbs – theres no deficiency of resource, but need to build new well fields to recover. + +&#x200B; + +* **US Department of Energy are moving forward to bring uranium reserve to reality** + * 1st year funding was US$75million, and then noted that future year funding should be in order of US$150mill/yr + * i.e. more uranium purchasing in the future at higher levels – US goal to increase support for uranium in maintaining infrastructure in US for production, conversion, enriching and nuclear energy supply. + * Would PEN be looking to work themselves into that? Answer: "Pen is always seeking more contracts to increase their production profile to sell uranium at appropriate prices". +* Wayne Heli - “We believe the US government will provide that opportunity for us. We are certainly qualified as a US uranium producers to participate in that program. AND to the fullest extent that we can we will participate.” + +**Who’s Wayne Heli?** + +Wayne Heli – PEN CEO: is the former president of Uranium producers of America & was president and CEO of Ur-Energy. Wayne has helped to start a number of ISR mines throughout Wyoming with former companies and is well versed in the technology and extractive methods being utilised by PEN. + +# Key Post Take aways + +1. Field demonstration testing is providing favorable results with **improved response time and uranium recovery rates** +2. Contract book for U3O8 supply has been increased to US$8-9million for CY 2022, on top of the $4mill from FY2021 +3. Low upfront capital to convert and restart mine, though additional capital is set to be required to build future well fields. i.e. \*\***There will likely be a capital raising of $12-$15mill to expand production targets**\*\* most likely to institutional investors like most companies have done. +4. **US Uranium Strategic Reserve fund** has been approved and gaining traction. PEN is set to be a likely candidate and have said they will to the fullest extent intend to participate – I.e. US government supply contracts --> $$$ +5. Share price is still recovering from March lows though it shouldn’t be too far off from the **PEN15 club** unleashing their plethora of penis jokes and memes. + +**Notes:** I am a holder of PEN, as well as 5 other uranium stocks and options (BMN, BOE, LOT, DYL, DYLO and DNN on the US market). I hold a strong conviction for the unfolding uranium bull market and intend to ride it over the next 3-5 years, while taking out profits at certain target price points. Below is my updated previously posted rocket rating and target price points. Note I've downgraded PEN slightly from 5 to 4.5; upgraded BOE from 4.5 to 5 and added BMN to my holdings. These are my own calculated target prices where I intend to take profits out of the holdings. + +[ASX Uranium Rocket Rating](https://preview.redd.it/oahgvv352vv61.png?width=906&format=png&auto=webp&s=8ece4680108a4965bf8620bbfa41a271fe459a99) + +May your tendies be radioactive and the bull's balls glow bright green ☢️☢️☢️ 🐂📈💰 +First, I am nonpartisan, and politically neutral + + +For those interested in the GameStop short squeeze; these are my thoughts. + + +I have been trading stocks for 20 years, a lot over the last six.  The stock market is unfair, and designed so the rich keep money; not make, or invest, simply keep.  Hedgefunds hold the money for the Uber rich; they move money around rather than add value or produce. Their goal is to stay rich at any cost. The unfair rules make it so you can't even invest in a good company because they can lend your stock, even "sell" your stock without you knowing.  They will scare you, encourage you, push the price to where they want to sell or buy.  This is what GameStop is about.  + + +In 2014, former president Bill Clinton was paid $250,000 by Citadel to speak at New York restaurant Daniel to investors and employees in celebration of the Citadel's founders' 46th birthday. Citadel has paid over $800,000 in speaking fees to current secretary of the treasury Janet Yellen.  Before the left gets angry; Trump is an asshole, but they all are rich. + + +2018, Bloomberg reported that 40% of Robinhood's revenues (a trading platform for the small investor) were derived from selling customer orders to firms such as Citadel Securities. Citadel Securities was fined $700,000 by FINRA in July 2020 for trading ahead of customer orders. + + +Hedge fund Melvin Capital reportedly lost $4.5 billion in assets value in January 2021 – a 53 percent drop – after its massive bet that GameStop's stock price will fall turned sour, the Financial Times reported Sunday. + + +After these losses; Citadel LLC and Point72 Asset Management invested $2.75 billion in hedge fund Melvin Capital Management on January 25th, 2020. + + +Without warning, on January 28th, Robinhood restricted all their users from buying GameStop.  The stock plummeted from 470$ to 132$, saving Citadel and Melvin Capital billions, at the expense of the thousands of Robinhood investors. + + +After these events, Jimmy Kimmel suggests Russian disruptors. CNN and CNBC call it a pump and dump.  Saying little about the hedgefunds that had a 250% short position on companies that hire people during a pandemic. + + +Almost 40% of all US currency has been printed in the last 12 months.  Billionaires fortunes have increased almost 40% in the last 12 months.  Wallstreet bets is about a broken system.  Poverty doesn't care about skin color, nationality, political affiliations.  The system is broken but people are too focused on things that don't matter. + + +You can't sell a house you don't own; + +You can't sell a car you don't own; + +You can sell a stock you don't own... If you are privileged enough.  Only a select few get access to that information. + + +Those who laid down their retirement funds, college savings, hard earned, not inherited money did it for meaningful change.  They won! --- until the banks cheated with no accountability.  The media and politicians don't cover it and until these discussions happen; tribalism, intolerance from the left, and facism from the right will grow. +Is all that money lost? Our SOE was lifted two days ago and I'm going back into work today. + +I work at a small restaurant, obviously there isn't a lot they can do about it. I don't know if there's any kind of application I can put in for financial assistance or what? + +I'm 22, not in school, very low income. Rent is due on Saturday and I'm definitely going to be short. Surely half of this city must be in the same boat as me right now? + +I've never dealt with anything like this before. All advice is welcomed! + +**EDIT:** I’m at work here now. I’m so grateful for all these responses and I’m excited to get home and try and reply to everyone! Thanks for all the advice and sympathies guys. I will be replying ASAP. + +&#x200B; + +\*\*EDIT 2:\*\* Wow, I really want to be able to reply to everyone, but I think it's going to take me some time! I can't say how grateful I am for all this advice. + +To the people telling me to start an emergency fund, THANK YOU. I don't even care if you sounded a bit scolding, my parents don't live out here so I kind of needed some tough internet love. I have started one immediately, I'm already stashing any extra tips and whatnot I can into it. + +I don't have a personal landlord, we go through a rental company so I've put in a request to talk to someone. They have a lot of requests already (their words, not mine) so right now I'm just waiting to be emailing an actual person and not a robot. + + +I've heard some good things from other people, saying that they're being lenient with lates fees and whatnot so I'm hoping this is all going to work out! I'm going to ask to do a payment plan, I think that will be my best option. + +Again, I can't thank you enough for the advice. I could've never found half these links without y'all. I'm still slowly reading through all of this and replying. :) + +Feel free to shoot me a message if you want to ask about the storm or anything, I'll feel bad if I missed your comment. +Row, row, row the boat, gently out to sea... + +&#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) +https://www.bls.gov/cpi/ + +Press release: https://www.bls.gov/news.release/cpi.nr0.htm + +>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in +August on a seasonally adjusted basis after rising 0.5 percent in July, the U.S. +Bureau of Labor Statistics reported today. Over the last 12 months, the all items +index increased 5.3 percent before seasonal adjustment. + +>The indexes for gasoline, household furnishings and operations, food, and shelter +all rose in August and contributed to the monthly all items seasonally adjusted +increase. The energy index increased 2.0 percent, mainly due to a 2.8-percent +increase in the gasoline index. The index for food rose 0.4 percent, with the +indexes for food at home and food away from home both increasing 0.4 percent. + +>The index for all items less food and energy rose 0.1 percent in August, its +smallest increase since February 2021. Along with the indexes for household +operations and shelter, the indexes for new vehicles, recreation, and medical care +also rose in August. The indexes for airline fares, used cars and trucks, and +motor vehicle insurance all declined over the month. + +>The all items index rose 5.3 percent for the 12 months ending August, a smaller +increase than the 5.4-percent rise for the period ending July. The index for all +items less food and energy rose 4.0 percent over the last 12 months, also a +smaller increase than the period ending July. The energy index rose 25.0 percent +over the last 12 months, and the food index increased 3.7 percent; both were +larger than the increases for the 12-month period ending July. + +Edit: Notably used car prices are down 1.5% +Superstonk, we need to have a talk. + +This [post](https://www.reddit.com/r/Superstonk/comments/z1igo0/the_gme_token_was_a_backdoor_bailout_of_shorts/) has been up for 12 hours, is currently on the front page, and out of all the comments, only ~~1 person~~ a few people, ( u/not0_0funny, u/[CuriousehCee](https://www.reddit.com/user/CuriousehCee/), u/therealluqjensen, u/[TheSeldomShaken](https://www.reddit.com/user/TheSeldomShaken/), u/[Ignitus1](https://www.reddit.com/user/Ignitus1/)) seem to have actually read through the content and asked questions, but their comments are not highly upvoted. + +I started writing a comment but I think at this point it will get drowned out, so I'm dedicating a post to it because I think it's important. + +\--- + +u/uprclass2002 I appreciate the effort you put into your post, but I am downvoting it for multiple reasons; + +&#x200B; + +>"1 GME Token = $100,000" + +You presented 0 evidence this is true, and then used this information in your calculations later in the post. Based on this, all your math is unverified. + +&#x200B; + +>After careful analysis of the *GME Token* + +Token names matter, even spelling. For example [GameStop](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) (big S) token is different from [Gamestop](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) (little s) token. You said you *carefully* analyzed the "GME token", which is another unique [token](https://etherscan.io/token/0x32dd2e116c7647e0e89603df221dc6e8b5dde4e8) of that exact name, but you presented data on the [wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496) token. None of which were explained or linked for clarity. + +&#x200B; + +>The GME Token **acted as a blockchain ledger to Trade Swaps** prior to the January 21 Sneeze. +> +>The bailout money received **didn't end up being enough to cover their short positions**, +> +>**so they were left with no choice but to shut down the buy button.** +> +>**The bailout was for up to $1 Trillion Dollars,** +> +>**of which $141.8 Billion Dollars was utilized.** + +Your tl,dr has 5 assumptions stated as fact. I did not see any "proof", as you claimed, in the body of your post to prove a single one of these assumptions. + +&#x200B; + +>So why didn't they sell??? They didn't sell because it wasn't an actual trade, + +To my point above, this is not proof. This is speculation. Maybe it's true that it was a swap and not a trade, but this explanation is unsatisfactory to come to that conclusion. They could have not sold for another reason. + +&#x200B; + +>The token was created/minted on 1/26/2021 at 23:46 UTC, 6:46pm EST, and 3:46pm PST as indicated by the Genesis Block. The first trade took place 6 minutes later, **which is suspicious in its own right** + +It is not suspicious that a newly minted coin was used soon after having been minted... + +&#x200B; + +>It is also, worthy of note that there were 207 unique addresses involved with all transactions of the GME Token. EXACTLY 200 OF THEM SEEM TO HAVE RECEIVED GME TOKENS!! + +Etherscan gives an active count of how many holders of any token there are, this number is not significant. + +&#x200B; + +>All transactions were processed using the Uniswap Contracts (UNISWAP V2: GME 2) and (UNISWAP V2: ROUTER 2) making the sending addresses of the Tokens unavailable to view. Somebody clearly didn't want anyone to know the origins of the senders for these GME Tokens. + +You can always see the addresses on Etherscan. Swap contracts do not mask addresses. + +&#x200B; + +>For good reason too, this was huge bailout to the tune of $1 Trillion Dollars for GME Shorts. The $1 Trillion Dollars was cap for the bailout, but it looks like they only utilized $141.8 Billion of it. + +Where on earth did you get these numbers? Why are you calling it a bailout? How do you know how much was used? Why are you applying hypothetical numbers to other hypothetical numbers to complete calculations? + +&#x200B; + +>So why didn't they use the full $1 Trillion? + +**What** $1 trillon? + +&#x200B; + +>Simple, because as the GME Tokens got swapped for Ethereum and the price kept going up, + +They weren't swapped for Ethereum. *Wrapped Ethereum* was [swapped](https://etherscan.io/tx/0x612c2ac37ac106e90551ffca5913486909979798948a5ed6da02c3e9d7745617) for *Wrapped GameStop.* These are all different things. + +&#x200B; + +>meaning that as the total bailout money increased so did the swap rate for Ethereum to GME Tokens. + +This just...doesn't make sense? + +&#x200B; + +>You can see from the log of Dex Trading Transactions that the rate almost non-stop increased until the final intervention. In other words, the swap rate for Ethereum was an increasing variable rate depending on the total bailout money utilization at that moment in time. + +Which transactions? You didn't link any. + +&#x200B; + +>After careful calculations, it was found that the original 10,000,000 GME were not correlated to shares or direct 1 for 1 in terms of dollars. + +You don't need to do "careful calculations" to verify that 10M wGME does not have the same $ value of 10M GameStop shares. + +&#x200B; + +>So, Melvin Capital got $2.75 Billion from Citadel and Point72...Wow, that's interesting that is the exact amount for the first transaction in GME tokens when converted to BAILOUT MONEY. + +Using your 1wGME=$100,000, which is unverified? Making this argument *extremely* speculative? Did you search for how that actual money was transferred from Citadel and Point72 to Melvin? If they got **any** cash whatsoever then your entire thesis is invalid. + +&#x200B; + +The rest is just more speculation built on top of speculation with no sources. I'll stop there. + +&#x200B; + +Your only saving grace, an unintentional nipple pun; + +>I have come to a complete and udder shocking conclusion +Ladies and Gentlemen, I aped $100 into Pornrocket on Friday and am currently 9x. The market cap is approx $38m right now and I personally feel this is very very cheap for what this project is and what's coming. + +Pros: + +1. The team have already signed some big names in the adult world: Briana Banderas, Annabelle Rogers, Lissa Aires, Megan Hughes and more to come with announcements being posted on the official TG most evenings. +2. The app mockups look very professional and I think it will explode when launched. +3. CMC is listed, and CoinGecko should be coming imminently. There's about 10k members on the official TG. 4)There's also a very good promo on YouTube but I won't include the link here because CMS doesn't like too many. + +Cons: I appreciate there's a few tokens of this nature out there, I was an early investor in another one, but I honestly feel that $pornrocket has the action to back up the mouth. I just sold my bag on that other Rocket and put it into this + +Anyway this is not financial advice , do your own research and then check it out. I believe this is a serious moonshot, and am going to go up my bags after I drop this post. + +Marketing on this token is nuts. Check out these articles : + +https://thebitcoinnews .com/the-new-onlyfans-soaring-cryptocurrency-pornrocket-launches-worlds-first-decentralised-adult-content-sharing-app-with-no-fees-for-creators/ + +https://meetcrypto .net/the-new-onlyfans-soaring-cryptocurrency-pornrocket-launches-worlds-first-decentralised-adult-content-sharing-app-with-no-fees-for-creators/ + +Contract: 0xcf9f991b14620f5ad144eec11f9bc7bf08987622 + +Website: [www.pornrocket.co](http://www.pornrocket.co/) + +TG u/prnrocketbackup (original got deleted for too much NSFW...) +Starbucks Chairman Howard Shultz said the coffee chain plans to incorporate blockchain technology and digital currencies into its long-term payment technology strategy, and hopes to "expand digital customer relationships." + +Shultz does not, however, believe that bitcoin will play a role in this strategy, remarking that he didn't believe the original cryptocurrency would "be a currency today or in the future." + +He clarified that **Starbucks is not developing a digital currency** or announcing an investment in blockchain or cryptocurrencies, but would like to use its stature to lend credibility to these technologies. + +https://www.coindesk.com/starbucks-chairman-hot-blockchain-cold-bitcoin/ + +Starbucks' Howard Schultz: A 'trusted' digital currency is coming, but it won't be bitcoin + +**"One or a few legitimate" cryptocurrencies are coming, but bitcoin is not one of them**, according to the Starbucks executive chairman. + +Schultz sees potential in blockchain, the online ledger technology underlying digital currencies. + +https://www.cnbc.com/2018/01/26/starbucks-schultz-a-digital-currency-is-coming-but-wont-be-bitcoin.html + +STARBUCKS is set to become one of the first major high street shops to accept cryptocurrency after it announced plans to incorporate blockchain as part of its payment strategy, but **in a snub it has ruled out using Bitcoin**. + +https://www.express.co.uk/finance/city/910629/bitcoin-cryptocurrency-news-latest-Ripple-Ethereum-price-value-surge-starbucks-payment +After years of grinding hard, I’m debating a mini retirement, but worried about damaging future career prospects, as I’m relatively young (mid 30’s). + +I’m an early employee of a company that recently IPO’d. My equity is worth about $3M; amazing, but not quite FU money for me. I love the company, and the people I work with, but the pace is relentless. I find myself less motivated to learn and develop like I have in the past. I’m very attracted to the idea of taking 6-18 months off to hang out with our young kids, get in shape, and read some books. My spouse has a stable job she likes with great benefits, which would make this a bit easier. + +But I’m worried the next wouldn’t be as good as this one, both in comp and satisfaction. I’m in a 2nd tier tech city, not willing to relocate, and not an engineer, so my options next time might be worse. Curious if others here have taken extended breaks, and if that resume gap has limited your options? +Why why why would the S&P rally after such devastating news? That CPI report will cause the Fed to hike rates even fast. I’ve heard people think the odds of a 1% rate hike is about 80%. So if people expected a .5% or .75% hike and now they expect a higher hike, why would the market rally? + +There’s been way more talk of a recession too. Why would everyone buy stocks when we can expect a crash on the next Fed announcement? What’s going on? Why are markets pumping? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/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/wsNDGTf5QH). +Recently inherited a fortune from my grandmother, bought a house and now me and my wife have ~$100k left. We are both 25, make around 60k a year together, we save about 15% of our paychecks into 401k and HSA, looking to set up a Roth IRA sooner than later. We also want to invest but we aren’t very knowledgeable aside from knowing index funds are a good investment. I want to speak with a professional but I’m not sure where to look. I could invest with Chase bank, my grandma did all her investments with banks and she turned out okay and I like the convenience factor, but is it the best way? I read somewhere on Reddit that when seeking out financial advice I MUST find a fiduciary so I don’t get ripped off. Well here I am asking the internet for financial advice. I’m going to do more research but I would just like to pick other people’s brains as to what I should do or if they have any helpful experience or information + +Ps. I’m old school and prefer speaking with someone in person especially with this amount of money + +Thanks +***Situation:*** + +1. I net 50,000€/year (8hrs/weekdays as independent contractor) pre-expenses paid in USDC (crypto). However, as average net national income is 12,000€/year, **I currently choose to net 36,000€/year working 6hours/weekdays** for burnout prevention as I never worked on-site with traditional company office hours. +2. **My current net worth sits at 150,000€, no debt, 15% cash (€) / 15% non-stable crypto / 70% in USDC (AAVE APY \~= 2-3%)** as I believe there are major market corrections coming. In my opinion, it could be worse than almost any of the past, not considering the 1929 recession. Like something in-between that and the dotcom bubble - something that could take 7-10 years to recover even with the exponential technology advancement rate. + +***Considerations:*** + +* Can only **maintain the 3 to 4.5x average active income if I'm able to change jobs with ease within Blockchain** (tax optimisation and time taken land another job - this one took 2 months). +* Regarding **passive income**, can only think of **personal branding with easy content creation / no learning curve (no long-format videos)** up to 1hr/day to build an audience I could then market to get passive from. Or maybe just create a course and do targeted paid advertisement. +* As I still live with my family, with my current revenues and expenses, **I am able to invest 70% of what I make and keep 30% all expenses.** +* **Best scenario would be** staying at this one up to 12 months and then looking for another role paying 75,000€-100,000€/year (8hrs/weekdays) having had professional industry experience. +* **Worst scenario would be** geting fired and having a 2-3 month entry on my CV that probably screams failure to HR and interviewers. Reason why deception won't work is everyone asks for previous position referrals. + +***Goals:*** + +* **Have a bunch of liquidity** to pick it up when everybody else is feeling the liquidity pressure. Willing to forgo potential increases until the inevitable recession/s coming + * We haven't had a prolonged one for almost 13 years and the economy has since grown 650% + all the macro + all the geo-political + inflation + supply chain + ... ). + * [Choosing your equities/fixed income split - Index Fund (European) Investor (indexfundinvestor.eu)](https://indexfundinvestor.eu/2019/01/27/choosing-your-equities-fixed-income-split/) + * The link above talks about a 80% Equity - 20% Bonds for someone aged 20-30 years old. + * I am doing the complete opposite as I believe going 80% EQ believing the markets will tank for 7-10 years is not smart since I could have just waited and picked it up even way above the true bottom. +* Create a **REAL scalable passive income stream in order to gradually achieve FIRE.** + * In case of a business, I am willing to forego the 100% passive requirement in the sense that I am **willing to put up to 8 hours per week on it, but no more than that**. + * **Lacking ideas of true passive income** like buying an operational business at a discount or dividend yielding (**distributed dividends in Portugal is a clear no-go due to tax reasons**) + +***Questions:*** + +1. Do you have personal arguments against my strategy of trying to time the market? **I know what the internet says, I want to know your past experience in previous recessions.** +2. What would your allocation be **if you thought there was a MAJOR recession coming tanking the markets for at least 5-10 years, reaching bottom in 2023?** +3. What are your ideas on potential true/next-to-true **high passive income streams**? If relevant, my competencies are in digital marketing and e-commerce management, blockchain and crypto, and my hobbies range extremely (from chess and software development to money management and MMA fighting). I guess community creation can't be done with 1hr/day... +Hello all, + +Since early this year I have cashed out all my ETF investments, anticipating a big drop in equity prices. I am still very bearish and expect SP500 to reach 3100 levels (just my view, no advice or need to debate it) + +However in my country I get taxed on my savings (negative interest), -0.5%. That translates to either my broker or my bank to charge me about 80euros monthly for being idle. + +At the same time inflation is chipping away about 10% annually so thats also something to consider. + +My question is; + +What is your suggestion of a product to invest in, that can return less loss than than, or even better keep the at least steady (no ups or downs). + +Maybe I am asking too much but any advice is appreciated. +As part of their bankruptcy legal proceedings Celsius published a 14,000-page document detailing every user's full name, linked to timestamp & amount of each deposit/withdrawal/liquidation. + +**This is a horrific and unprecedented breach of privacy.** + +This list is online in an unprotected PDF form and anyone can search it or even download it. + +Nosy neighbour? Spouse? Employer? Crypto scammers looking for targets? Blockchain analysis firms that can now put a name on self custody wallets? You name it. + +And yes, this is a public court document, but man, why didn't they redact part of the names? Why did they put this on the internet? Why didn't at the very least give a heads up? Did they even give a fu\*k to do this properly? + +This is probably one of the best examples of not your keys - not your coins. Not only will they steal your funds, they will also leak your information. + +Edit: + +1. It is confirmed that this list includes EU customers, so my guess is that's a global list. +2. The wife of former-CEO Alex Mashinsky was shown to have withdrawn $2 million in crypto on May 31. They stopped withdrawals 13 days later. +3. Many users in the comments have pointed out that this is standard procedure for Chapter 11 and that Celsius lawyers tried to avoid it but was rejected by a judge. For me, this remains a cautionary tale that not only can you lose your coin but also your private information. Why didn't Celsius notify us about this beforehand and couldn't they have taken a different legal route all together? + +&#x200B; +There was a shill post this morning trying to sow discontent with the $5m share sale, u/bosh023 hit the nail on the head with his response and its important we all understand what has been laid out.... the user deleted their post to quickly for anyone to really see it or for it to gain traction (while his COMMENT is good the post is getting buried). So here is what u/bosh023 said: + +" If you think it's negative you are mad! Read the prospectus and read it again! This is Amazing!!! It's smart, I mean super smart. It gives provisions for dividend payment via investing the sale proceeds into interest bearing short term securities, those gains are paid as a dividend back to share holders. Also allows new stock class which the company can essentially use to convert common shares to preferred shares which give capital rights to prevent hostile takeover or bust out . Also allows a fractional shares to be issued like a dividend then fractional can be exchanged for whole shares at a later date. Have you got it?....Only evidenced shareholders can be issued with new fractional stock and a treasury receipt, these fractions are fully owned with full rights! HF's will only receive treasury receipt for genuine shares so naked shares have to be purchased or paid for. No treasury receipt = no exchange of new stock. It's the only way it can be exchanged. It's exposures every hidden share...the fucking lot! The combined documents are the real Queens Gambit....every angle is covered, it's the play of a pro. Did Ryan take the easy option to make underhand play that matches HFs low life tactics....No!...He waited and has played the ultimate game that ABSOLUTELY fucks HFs. Best about it, it's on his terms, he says when the extermination button is pressed. It even stops likes of black rock from changing how sale proceeds are used, it's the boards decision. Ryan will be King of Wall Street...Why? Because this is the blue print for EVERY other company being fucked over by shorts, essentially allows a loss making company to issue a dividend that it wouldn't of otherwise been able to do when reporting a current loss. This blue print shows them how to outsmart HFs and take control back! So Kenny you might be the richest but you are certainly not the smartest! RC you rock " +What are your thoughts on the possibility of a catastrophic housing market crash in Australia? + +Factors for: + +* Rising interest rates, pushing new purchasers to the limit and forcing over-leveraged investors to sell +* Government plans to drive up housing stock, leading to increased supply to match the existing demand +* Increased regulation resulting in tighter lending rules, locking Australians from accessing sufficient capital to make purchases + +Factors against: + +* A rapidly increasing population in Australia means that everybody needs a place to live and unlike shares which are not necessary, housing and home ownership are essential parts of our culture which will never go away +* Some people would say that keeping house prices high is good for individuals who currently own homes and/or investment properties (some of whom are in government and/or have significant lobbying power) +* Banks are lending on the assumption of an interest rate rise and many homeowners have paid off a significant chunk of their mortgage, have significant emergency buffers saved up and/or are able to cut back on living expenses to maintain their mortgages + +What are your thoughts on the future of our housing market? Is this a bubble about to burst or only the start of a massive boom? +The general retail award has a payment table which outlines ages and % of minimum wage that gets paid out. + +19 year olds are only getting 80% of the minimum wage, despite being treated as an adult everywhere else in our society. + +This no longer affects me but did a number of years ago, I remember feeling cheated paying full price for groceries, rego, car insurance etc. +I’ve been digging around in the catacombs below Castle Greythetaskull. I came across a great thread on PMCCs from earlier this year, and most of the users involved are still active. I’m activating the thetasignal in the hopes that some of our heroes will look into the sky and drop a line or two this weekend if they find the *time*. + +Here is the thread: [a discussion on managing PMCCs](https://www.reddit.com/r/thetagang/comments/mlq5q0/pmcc_setup_non_ttmethod/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I’ve read through the comments several times and I regret that I wasn’t a part of the discussion then, and over time, it has gained value. So I’m forced to roll the thread out in time to today to avoid taking a loss. + +u/viciousphilpy I’m calling you out! You talked about a strategy in the comments along these lines: + +You roll out your short options when they are challenged until your long expiration and sell a strike below your long to create a DITM call debit spread, then use the proceeds from the sale to finance a new long option. Doing this several times gives you several short options that profit when the stock price falls. + +I have been looking for good thetagang strategies that efficiently profit from the downside, and I’m really intrigued by this one. What ratio of short spreads to long options would be ideal? I guess it could depend on the long term outlook on the stock. What are the downsides and pitfalls of the strategy? + +I’ve never liked the delta mechanics behind poor man’s covered puts. Could a delta negative calendar spread using calls (like a PMCC, but inverting the delta) be profitable long term with a stock on the decline? + +In another archive, [building a portfolio out with PMCCs](https://www.reddit.com/r/thetagang/comments/n52vu0/building_a_portfolio_out_with_pmccs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) , u/calevonlear mentions selling ATM for PMCCs and rolling to ATM at 21 DTE. I’m attracted to your methods, Mr. Von Lear, but I’m a little cautious. I’ve been selling weeklies for PMCCs and I’ve just had to roll out to September on a low-IV stock. It seems like there would be a lot of management in that strategy, and it could get away from you quickly. For those thetagangers selling calls ATM, could you share some experiences and give us insight on why you choose ATM instead of OTM? Do you still sell ATM if it is below your cost basis? + +Thanks for all the info you have already enlightened us with. +Having been an Aldi shopper for 5 years, I’ve seen them gone from undercutting every supermarket to suddenly taking advantage of the current situation and hiking their prices up at a rate that means they are no longer the cheapest anymore. + +I understand everything is going up, but I feel like it’s a coincidence that Aldi have now taken over every town and city, have taken customers away from the traditional supermarkets, and opened new stores in the last year while rising their prices. + +It feels like their was a plan to get us all on board and now that we are, they’ve lost their competitive edge. + +I keep my receipts and made comparisons with lots of products and some are quite surprising! + +ridge salted crisps now 99p (6pack) +Morrisons currently have 24pack of Golden Wonder for £2.50. + +Cream cheese for cheesecakes etc, was 45p last year, now 85p (200g) +Morrisons soft cheese - 79p (200g) + +Penne pasta was 29p now seem to only stock the 69p version in my store. +Asda essentials penne - 32p + +There are lots of others similar products which can now be bought a for a lot cheaper at rival supermarkets and I guess this post was just me highlighting my shock. + +Have you noticed any radical price changes at Aldi/lidl? +I don't know if I can ever trust any advice I see in here because I can never be sure if it's just someone trying to get rich at our expense. What do you all think? +I’m starting to see comments about a possible recession soon, just like in 2008. What are some stocks that I can start buying now that will be rise during recession? + +I’m thinking L (Loblaws), CP, CNR. +I’ve saved up a nice nest egg of cash. I’m currently 26 have a NW of about 150k. About 50% of that is in investments. Current salary is 140k. + +I fell in love with a car that is going to cost a pretty penny. To get the exact spec I want it’s going to be close to 60k after taxes and fees. + +I don’t really have any expenses other than cable/phone/groceries. I don’t pay rent. + +If I put 30k down my payments will be around $600 and insurance is another $100. + +I feel the market is going into recession and if I wait a bit I could get it cheaper but then I risk not getting the car I want. I feel I can afford the car but I also feel in my gut that it’s not a wise decision. Would love to hear opinions. +New crypto exchanges can’t be trusted because they might be stealing your money and buying their own fake tokens with it which makes it really sketchy. They can manipulate the price and make more whenever they want. This allows them to use these fake tokens as collateral and print money out of thin air. + +Also, exchange tokens/coins aren't really worth anything and you should stick with the more established cryptos like BTC and ETH. These are dangerous times and people should be careful not to throw their money away on sketchy coins or tokens. + +The best thing to do is hold your own keys and use decentralized exchanges (Uniswap). Another option is to use an old, reliable centralized exchanges (Kraken) or platforms (Haru Invest) that doesn't have its own token and doesn’t practice . This means they aren't involved in any sketchy business practices. + +For wallets, if you have one, hopefully you have a Ledger or a Trezor or something similar. + +As always, DYOR and focus on the long term. Be smart and avoid exchange tokens. People should be careful and educate themselves about this stuff. +The most frustrating part of getting into any of the 5 main ARK Etf's was sitting every week waiting for a 5% pullback when it keeps going up 8% the previous few days. After this kept happening i finally decided to just pull the trigger last week and am now in Arkk, Arkf, and Arkg and am very happy about it. While i dont expect YOY gains of 100% Like last year i think over 20% will be no problem. + +Now could you every night get their news letter on what they invested in and do it the next morning instead of paying the 0.75 fee, sure but your a day late on the market and that could be half the fee and the time etc is the other half so i think especially on what all have returned in the last few years the fee is fair. +So I saw some arguing online about homeownership vs rent. The argument is that homeowners will spend astronomical amounts in interest. Then they have maintenance cost (roof, hvac etc), property taxes and all that fun stuff. The consensus is that in the long run it’s cheaper to rent. I rented my whole life until a few years ago when I bought a house. My living expenses were cut in half. I did spend about $4000 in upgrades. But I turned that home into a rental and it cash flows well. Bought another home that I will do the same with and will cash flow just as well. I saw that these people were arguing about homeownership in HCOL areas using conventional loans. So now I’m curious if they are right about rent being cheaper. Sounds like I’m the exception. I live in a cheap area and paid about $600 total in closing cost with my houses COMBINED. My property taxes are only $800...a year for both houses together lol. So did I just get lucky or is rent actually cheaper for non investors over a long period? + +**Edit** Wow ok I wasn’t expecting this many responses. I can’t respond to everyone but it seems that the answer is “it varies”. So I actually just realized that if I were to buy a local home that the new mortgage would be more than rent now!! That’s mind blowing! When I bought 3 years ago, it cut my living expense almost in half. So basically I just got extremely lucky! I’m very thankful I bought and even snatched a investment property. But at this point, I couldn’t afford to buy or rent anywhere. +Numerous studies indicate that significant chunks of South Florida will be underwater by 2050 - I saw one study that about $23b worth of Miami real estate alone will be written off by then. This means people are buying property today and taking mortgages on property which will be useless before the mortgage term. + +It's built on limestone, which is porous. You can build all the seawalls you want, it's not gonna help. Water will come up through the ground. + +I mean, do you guys not believe the science, or are you banking on a kind of "bigger fool" thing where you enjoy ten years in paradise and unload it one someone else who's gonna get stuck holding the bag? + +I am genuinely curious. I wouldn't touch south Florida with a bargepole. There is some kind of game of actuarial chicken going on where everyone is just sort of agreeing to underprice the risk, from developers to property owners to insurers to reinsurers to state and federal government ... presumably based on some anticipated bailout as the water rises. But when it becomes clear the problem is too big, too insurmountable, too fundamental to bail out, then everyone gets slammed by 6x higher insurance rates, prices start to decline, mortgages are underwater, no new mortgages granted, the whole value will drain out in a couple of years. + +What's your endgame here? +Obviously this is a cross-disciplinary question, but I can’t help but look at the staggering amount of resources spent in Afghanistan over the past two decades (money, lives, manpower, time, political capital, etc) and think about the economic implications. From the dizzying array of competitive/cooperative interactions in play to the purported natural resources discovered after the the US invasion, I am very curious about what a (normative) economist would say went wrong and how it might have been handled differently. Who is talking about this issue through an economic lens? +Basically the title. The current treasurer of the sorority I was in in college emailed my mom yesterday and said I have a past due balance of $400 and said it would be sent to collections if it wasn’t paid. I called the national headquarters to get it sorted because it seems odd and they claimed the balance spans a year a half and includes the semester after I graduated. I contacted some other members and they said the same thing happened to them. One of them asked for an itemized bill and the treasurer said she didn’t have that information and only knew the amount. + +I went to college in Missouri and it appears their statue of limitations for debt is 10 years. I don’t want to be a shitty person and not pay if I owe something, but my sorority was legitimately crazy about paying your bill, even if it was a week late - so I don’t see how I could have been late my entire last year of college and owe money after I graduated. + +So I’m thinking about just not paying it. If they don’t even have an itemized bill would they have enough information to send me to collections? Would someone even buy an old bill that’s not even that much money? + Website: [https://www.safegem.finance/](https://www.safegem.finance/) + +We are a team of blockchain enthusiasts, with more than 10 years experience in software development, finance, marketing and operations, brought together by their love of crypto and precious stones. SafeGem ($GEMS) is a frictionless, high-yield generating, forever deflationary token, with a grand vision! We aim to create an exclusive platform that will authenticate precious stones by providing digital certification and digital passport for gems. + +ABOUT US: + +SafeGem is the ultimate GEM you were looking for in this bull-run! We offer the highest passive income in the crypto space, 6% of each transaction is redistributed to the $GEMS holders! This allows making more money than any bank can offer as compound interest return! All this combined with continuous token burn, making SafeGem forever deflationary. + +WE HAVE MORE! + +Our vision is to bring in the crypto market a unique opportunity by targeting precious stones holders to authenticate their gems with a digital certificate and digital passport. The platform that we will build on decentralised technology will create a viable ecosystem for owners and potential customers. + +This way, SafeGem will become a utility-token that will be used to empower our forthcoming platform. + +**Important Links** + +**PancakeSwap**: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0) + +**Poocoin Chart**: [https://poocoin.app/tokens/0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0](https://poocoin.app/tokens/0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0) + +**BSC Scan**: [https://bscscan.com/token/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0](https://bscscan.com/token/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0) + +**Telegram**: [https://t.me/safegemtokens](https://t.me/safegemtokens) + +Socials: + +Telegram: [https://t.me/safegemtokens](https://t.me/safegemtokens) + +Twitter: [https://twitter.com/safe\_gem](https://twitter.com/safe_gem) + +Reddit: [https://www.reddit.com/r/SafeGemFinance/](https://www.reddit.com/r/SafeGemFinance/) + +Facebook: [https://twitter.com/safe\_gem](https://twitter.com/safe_gem) + +TOKENOMICS: + +· 25% Pre-Sale, + +· 14.75% PancakeSwap liquidity pool + +· 53.25% Token burnt 🔥 + +· 7% Development & Marketing fund + +· Liquidity locked for 1 year initially + +· Ownership renouncement after presale + +SafeGem token: + +· Hyper-deflationary token with 5% Burn & 6% Redistribution back to the holders on every transaction. Rewarding holders with the highest passive income in the market! + +Funds are SAFU: + +· Ownership of the smart-contract renounced after pre-sale and the liquidity will be locked. + +The code will not be changed and that will make our utility token fully community owned. + +· Our smart-contract codes will pass a full audit by a community chosen auditor from a list proposed by the community itself - this makes us fully transparent in regards to the auditors and can guarantee the community that the audit can be fully trusted. + +THE PLATFORM: + +The platform that we are building will target a single group - precious stone lovers and that includes owners or potential customers that will be able to verify the authenticity of a single piece with all the specifications throughout a single app that will use the most advanced blockchain technology. + +MARKETING: + +We will be standing out of the crowd with our well-planned marketing campaign that will be rolled out gradually. For the moment we will focus more on growing our community in a natural way without creating too much fomo as we do not want to become a pump and dump project. + +UPCOMING EVENTS: + +\-Blockfolio listing, CoinGecko listing, Coinmarketcap listing + +\-Audit – with an auditor chosen by the community. + +\-New partnerships, tokens giveaway and many others that will be announced along the way! + +💎Let's uncover the true value this hidden gem!💎 +In just an hour, Formation Fi is about to launch the most anticipated release of the summer. **Listing on both centralized and decentralized exchanges, Ethereum and BSC, KuCoin and Gate, $FORM is about to be available everywhere.** + +That’s right, **at 10:00 UTC**, the most hyped launch of the summer is finally going to be available to add to your portfolio. + +And for a token that has **already attracted almost 50,000 members in Telegram and 70,000 followers on Twitter** with only presalers so far getting their hands on the token, you can imagine the frenzy that is about to ensue. + +After all, once all of these people frothing for the public listing finally get their bags, what do you think they’re going to do? + +They’re going to continue to spread the gospel of $FORM, a token that will give you a piece of one of the greatest yield-farming protocols designed to find you the **best APR offerings regardless of network.** + +By **putting Formation Fi’s algo-bots into the palms of your hand**, you’ll finally get a taste of the passive income you dreamed of when you first started trading. + +No longer will you have sleepless nights struggling to make ends meet, wondering if your last trade is what tanked your entire portfolio. You’ll be able to simply stake stables and earn dividends on the gains you’ve already made this bull run and truly commit to **securing your future.** + +If that sounds good to you, that’s natural. This is a simple concept that can appeal to the simplest ape and the biggest whale and while not being some sort of magical occurrence in finance. + +Formation Fi at the end of the day is not dissimilar fundamentally than your average billion-dollar hedge firm. The only difference is that **$FORM is playing in one of the most profitable markets on the planet and using sophisticated algorithms to find the most profitable ventures within said market.** + +So yeah. Take a moment. Pick your favorite platform, get out your favorite good luck charms, and finish up your rituals. For those of you who get in earliest, I say congratulations and fuck you, and for the rest of us, may the day still be kind. + +Cause for a project like this, *anything before 10 figures is early*. **Just ask WAVES ($1.7B) and Anchor ($2.7B)**. Based on everything you’ve seen so far, is there any question that this is next? + +[Website](https://formation.fi/) + +[Medium](https://medium.com/formation-fi) + +[Telegram](https://t.me/FormationFi) + +[Twitter](https://twitter.com/formationfi) +It seems like prices shrinking would be a good thing for normal people insofar as there's less downward pressure on their budgets. The Central Bank in my country, like every Central Bank, is doing its best to increase inflation however. So I assume there's a solid foundation for this policy? +I am not an economist, but come from more of a philosophy background. I am sorry if I am having trouble articulating this. My question takes, first, the illicit substance cocaine as its example. Whether you pay 50 or 150 dollars per gram of cocaine, what, ultimately, determines that price? Is it that we have commonly judged the experience of taking the drug is worth that amount of money? Or are we simply paying for what it costs to produce, etc. as well as profit from it? I see at least these two factors, sort of "wish" and "necessity," entering into the price -- since it has been determined that raising the price of cocaine reduces usage, demonstrating that people have a sense of value for money when they purchase it, and also tend not to overspend. I also think there is an interesting corollary in the sense of it being a quasi-Veblen good at a conventional price point, if I have understood this concept, but then I am sure if it could be made cheaper, it probably would be. + +&#x200B; + +The question is less salient if we take instead, for instance an Xbox. I think most people would say $500 is high for a game console, and $300 affordable. There is more complexity in the supply chain here, meaning that there are more factors determining what would be a "necessary" price, but have we as consumers essentially pulled prices out of thin air (or, what we can reasonably afford with our purchasing power) when it comes to the question of what is good pricing? Probably, there is some relation between our "ideal price" and the de facto price of a product, based on what is usual; I am used to paying $8 or more for lunch, and view that as basically fair, which when deconstructed is quite strange, and when I was younger I thought it was expensive. + +&#x200B; + +I guess that I am looking for a sort of ontology of "market value" which goes beyond "supply and demand" and deals more specifically with individual relations. I think that possibly, the sense of "fairness" in a transaction (not always at hand) extends from a sensed commonality between these real and imaginary factors I have outlined, pointing actually to the currency in question moving "efficiently and correctly" from an altruistic perspective, rather than just marking the so-called correct price. + +&#x200B; + +Is there any work in economics which deals with this kind of question, as much as I have failed to distill from my thoughts this higher distinction which agitates them? +I'm so excited I can't even think straight. For as long as I can remember, I've been stressing about money. It's ironic how I saved the most money living on my own than I ever had with my parents. +I'm not liking paying rent (so much money which I won't ever see again) vs buying a house and making monthly payments (building equity). + +I did get a pre-approval done this week, but I'm worried the housing bubble might burst in the next year so. +What do you guys think? Is it the wrong time to get into the housing space? +I do acknowledge the market is crazy right now; but I believe that statement would've been true if it were uttered at any time in the past couple of years. + +Even if the bubble does burst, how much would home values be set back by? + +Thanks, +A nervous buyer +I have to make this a teaser post for the real DD or my wife is actually going to leave with her boyfriend, but I think I found more evidence of options fuckery from the infamous January sneeze! + +I'll be the first to admit that I'm no expert on Options contracts. I'm just a data donkey digging into some sketchy data that doesn't make any sense. + +&#x200B; + +This post dives a little deeper into some of the content covered in [This OTM Puts post](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) by u/Criand from July 19th. + +Also, a big shout out to u/Yelyah2 for compiling all the GME Options data. She pulls the data from [https://www.historicaloptiondata.com/](https://www.historicaloptiondata.com/). You'll see some colorful screenshots of her data below. + +&#x200B; + +[Here's a link to my first post about the tens of millions of Puts purchased on 1/27](https://www.reddit.com/r/Superstonk/comments/p9ma8x/tens_of_millions_of_worthless_otm_puts_were/). + +Like many other aspects of the Yahoo Finance data, I had to change my VPN location multiple times in order to get all the data I needed. They're actively filtering this data.... + +# I'll start with the juiciest: $0.50 Puts that expire 1/21/2022. + +Current Open Interest for January 2022 = **359,152** ([http://maximum-pain.com/options/GME](http://maximum-pain.com/options/GME)) + +&#x200B; + +**$0.50 Puts** + +Over 12 million options contract volume for $0.50 Puts that expire January 21,2022. Yet the Options Volume for all strike prices for 1/27 was **1,186,681** and the Open Interest for 1/27 only increased by **264,731.** These Puts are not reported in the Options Volume data or current Open Interest data. + +[ 12.04 million Puts purchased 1\/27 - Shitadel - Wut doing? ](https://preview.redd.it/79gljwwbnbr71.png?width=1704&format=png&auto=webp&s=544012e426e33cc4982a4591b41cd1622bce3cc7) + +And here's a link to the data so you can have a look for yourself: [Yahoo Finance GME $0.50 Puts](https://finance.yahoo.com/chart/GME220121P00000500#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) + +But that's not the only anomaly... + +**$1.00 Puts** + +[1.3 million puts!](https://preview.redd.it/nldcbxk4tbr71.png?width=1239&format=png&auto=webp&s=e471ded22a2868affd71ae38e23b567e2eec26e1) + +[Link to $1.00 Puts (Yahoo Finance)](https://finance.yahoo.com/quote/GME220121P00001000/chart?p=GME220121P00001000#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). + +**What about $1.50 Puts?** + +[Over 57,180 Puts!](https://preview.redd.it/zga8lz0wrbr71.png?width=1262&format=png&auto=webp&s=e1302be5bb8693cb5cc7e65278804e25613c17be) + +[Link to the $1.50 Puts (Yahoo Finance)](https://finance.yahoo.com/quote/GME220121P00001500/chart?p=GME220121P00001500#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--). + +$2.00 Puts + +[Over 491,320 Puts!](https://preview.redd.it/suouuo7evbr71.png?width=1236&format=png&auto=webp&s=61f3051c271d3668749be9995a0c1b1cc036dbb6) + +[Link to the $2.00 Puts (Yahoo Finance)](https://finance.yahoo.com/quote/GME220121P00002000/chart?p=GME220121P00002000#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-). + +$2.50 Puts + +[Over 58,760 Puts!](https://preview.redd.it/kq4f9s76sbr71.png?width=1244&format=png&auto=webp&s=fb94207017ccfbbe4f989892ac7d46644b23428a) + +[Link to Yahoo data for $2.50 Puts](https://finance.yahoo.com/quote/GME220121P00001500/chart?p=GME220121P00001500#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--). + +$3.00 Puts + +[Over 278,450 Puts!](https://preview.redd.it/1wi5megtxbr71.png?width=1232&format=png&auto=webp&s=3a8ddfc8b6b7989df83fc1cdc2257e4906071cf9) + +[Link to $3.00 Puts (Yahoo Finance).](https://finance.yahoo.com/quote/GME220121P00003000/chart?p=GME220121P00003000#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) + +&#x200B; + +That's a lot of Puts... why is the Open Interest only 359,000, including all Calls and Puts for all strike prices? + +# What about January 2023 Puts? + +Total OI for January 2023 is approximately 84,783. + +&#x200B; + +$2.00 Puts January 2023 + +[1.72 million purchased on 1\/27!](https://preview.redd.it/35vq7p63ybr71.png?width=1269&format=png&auto=webp&s=2c9a9a84c00901ab04e491201b26923b3befbcd1) + +$3.00 Puts January 2023 + +https://preview.redd.it/5iyunzu6ybr71.png?width=1285&format=png&auto=webp&s=93f63dc2fda0d5941223dbf3205caabf66b50bc8 + +I took a small sample of way out-of-the-money (OOM) Put options expiring January 2022 or January 2023. I found this sample using the Options volume data on Yahoo Finance. + +I also used u/yelyah2's awesome Options Data, which I hadn't seen until this weekend. Here's a link to her data and here are the screenshots I used for my calculations: [Options Volume Data](https://www.reddit.com/r/Superstonk/comments/mvqxep/with_all_this_talk_about_low_volume_wanted_to/): + +[ 12\/24\/2020 - 2\/24\/2021 ](https://preview.redd.it/83die562nbr71.png?width=1584&format=png&auto=webp&s=a8e37bec34aae8d5045b26b69bdd67c0a842dac0) + +[ 2\/23\/2021 - 4\/21\/2021 ](https://preview.redd.it/d4kkmlizmbr71.png?width=1579&format=png&auto=webp&s=41b770b7851049384a22f65b9b5e17537fda72e0) + +Here's my updated data. I still have more to fill in, but wanted to get this out before the start of the week and generate some discussion so that we can figure out why these Missing Puts are not reported on the Open Interest or Daily Volume. + +I used 15 different strike prices for way OOM Puts (less than $20) expiring January 2022 and January 2023 and added up the Yahoo reported volume for each day. I then compared that to the Total GME Call volume and Put volume, compiled by u/Yelyah2 . I subtracted the volume and the change in OI from the Sample volume, and came up with the Missing Puts. The actual number will be much higher than my calculations, as I only took data from 15 strikes and the volume data includes all GME strike prices for all dates purchased that day (i.e. it includes February weeklies, July monthly, etc.). + +[Check out that volume in Deep Out-Of-The-Money Puts purchased on 1\/27!](https://preview.redd.it/ah0bv7pxkbr71.png?width=1718&format=png&auto=webp&s=b0c824fd37edaf329ef0fe037b8acc62db3cb77d) + +Let's go back to u/broccaaa 's awesome chart showing Suspicious Deep ITM call volumes from January 27th. This is evidence of 110 million synthetic shares being created out of thin air, right as Citadel told RH to turn off the Buy button. + +https://preview.redd.it/4lgm23a32br71.png?width=1712&format=png&auto=webp&s=9ac01e8995c83d99ef2803348b508128d72c2f87 + +This is the same time when 1.1 million Puts were purchased and showed up in the Open Interest data. But these only included the reported Puts Open Interest. Where are the millions of unreported Puts for deep out of the money strikes in January 2022 and January 2023? + +https://preview.redd.it/vzkd3l172br71.png?width=1716&format=png&auto=webp&s=8961dfd8bc4f69b4db5314897825799e4590c3cb + +As u/Criand explained, this was likely used to reduce the reported Short Interest before February 12th Short interest report date using Buy-Write trades. She u/Criand's awesome DD putting it all together in the [Theory of Everything post](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/): + +[ \\"Rough Calculation of SI Dropping Based On ITM CALLs\\"](https://preview.redd.it/rnwyhavhlbr71.png?width=2030&format=png&auto=webp&s=3a2646ee7b9cafd7c5dbfada26a0695735b5de24) + +&#x200B; + +# Let's look back in time to October 2020 + +Here's the 2020 GME Daily volume. As you can see, in back to back days in October, we had almost twice the next highest daily volume of 2020. Yet the price barely moves. It's almost as though these shares were purchased Off-Exchange. + +[77 million in volume in back to back October days](https://preview.redd.it/zvj4yu2pobr71.png?width=1769&format=png&auto=webp&s=a7d15f125bd8cb3702a002a0b1b80eb77a1db85b) + +&#x200B; + +That sure seems to correspond with the "reduction" in FTDs on that were piling up in October 2020, also from the [OTM Puts post](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) by u/Criand: + +[ FTDs October 2020 to January 2021](https://preview.redd.it/u8scf95sobr71.png?width=2195&format=png&auto=webp&s=91a9a010135ab7fbcf1065b80a3d2f1f75049986) + +As u/Criand states in his post: + +"...there is a spike of FTDs reaching 3,000,000 aggregate around October 12th. By October 13th, the FTDs dropped to around 1,000,000. By October 15th, FTDs dropped to a meager 40,000." + +Well look at these January 2023 $3.00 Puts + +[21,400 $3.00 Puts for January 2023](https://preview.redd.it/yaryi1mh1cr71.png?width=1239&format=png&auto=webp&s=e13d3327b27c942684bf6a67df566a6050d32838) + +And look at these $5.00 Puts for January 2023... + +[Over 12,350 Puts purchased on 10\/8](https://preview.redd.it/5j53ntw21cr71.png?width=1250&format=png&auto=webp&s=df4c76dba9ead72d1447e34bd2aacfa32da827ad) + +If you take these 2 options strikes and add up 10/8 and 10/9, you get 49,080 contracts which are equivalent to 4,908,000 shares. + +Is that how they knocked off over 3 million FTDs? + +&#x200B; + +[As you can see, over 50&#37; of that volume was traded OTC or ATS](https://preview.redd.it/dokbtpzb4cr71.png?width=1463&format=png&auto=webp&s=1477b22970c82e2f2c8a3ff3df3a4af202022d62) + +&#x200B; + +# So here's the Summary Table: + +[Check out that volume in Deep Out-Of-The-Money Puts purchased on 1\/27!](https://preview.redd.it/ah0bv7pxkbr71.png?width=1718&format=png&auto=webp&s=b0c824fd37edaf329ef0fe037b8acc62db3cb77d) + +# TLDR and Unanswered Questions: + +1. Using the chart above, why does a majority of the options Call and Put Volume not directly add to the Open Interest? Are these contracts executed right away? As u/Criand hypothesized, as Buy-Write Trades or options fuckery to produce synthetic shares? +2. Why do these **15 strike prices** for **January 2022 and January 2023** show over **17 million** in **unreported Puts volume** was purchased on **January 27th** \- the day in question between Robinhood and Citadel? +3. Hopefully more to come... +4. Buy, HODL, DRS, and Buckle Up! +Jellyfish here, I want to dive into what I view as a problem now, but is only going to get worse if not addressed moving forward. + +GameStop has an E t h e r e u m address now, that’s not speculation of fact, it’s verifiable on nft.gamestop.com 0x13374200c29C757FDCc72F15Da98fb94f286d71e + +[0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://preview.redd.it/ogoml8izjs871.png?width=891&format=png&auto=webp&s=f51c65c1838b659df39907c4976a37c07bd073da) + +[Even has the logo](https://preview.redd.it/ud1q57l1ks871.png?width=709&format=png&auto=webp&s=ad700bebb212329f454452d721ea6e0af6faa477) + +But if I say GameStop’s ‘E t h e r e u m with the word spelled’ address is 0x13374200c29C757FDCc72F15Da98fb94f286d71e in a post or comment, auto-ban. + +I know it’s not as sexy as the Reverse Repo numbers every day, but this is where a sizeable chunk of the money raised from the share offerings is headed. The community should be able to show as much excitement about where our company’s money is going to be spent (in an area driving this fundamental transformation no less), as we are about where our future tendies are now. + +If we want the crypt0 dividend to deliver us to the promised land, we should be able to talk about the fundamentals of E t h e r e u m freely, as it is just as tied to GameStop now as all the macroeconomic stuff we get excited for in the sub every day. + +Like yesterday, [E T H surpassed B T C in daily active addresses](https://www.reddit.com/r/Superstonk/comments/obv6di/e_t_h_e_r_e_u_m_surpasses_b_i_t_c_o_i_n_in_daily/)! That is fantastic, and I want to know that the ultimate backend engine of our fundamental transformation is kicking names and taking ass! + +https://i.redd.it/1hp5q0s8ks871.gif + +If this were about say whatever cloud provider they want to use to power international shipping(as an example), and 1 of the big 3 was picked to power the infrastructure, and we had data for or against, you bet there would be a robust discussion. + +We need that robust discussion here on this new fundamental that the company is spending money on. Yes, they are probably going to have some awesome L2 solution to show us, but again it is all going to tie back to E t h e r e u m. + +Mods, I hope you consider changing this and potentially adding a member to the team with crypto knowledge as the lines are blurry now but they’ll be completely blurred after 7/14. + +Thanks and hope everyone has an awesome day! +My primary residence is assessed at $7mm and recently the neighbours listed their property for $3mm. + +My home was built in 2010 whereas theirs was in the 1970 so $3mm is mostly land value. + +I don’t need or have plans for the additional space. I’m not too interested in redeveloping it to sell so I’ll likely collect some passive income for the first couple years. + +I do believe the land value will rise and I’m currently able to combine both lots which I could see no longer being allowed in the future. + +I can finance for relatively cheap or cash offer. My current property manager would be happy for the extra business but I’m looking to hear perhaps why not? +How do you find areas to invest in? **These are just some questions I was wondering and whenever I google stuff like this I feel like I am just reading some gurus post.** + +I am currently 18 heading off to college for finance. My current plan is to focus on real estate but not taking that profits from the homes but instead putting the money into a bank for the next property until I am able to make 100,000 a year income from real estate investments. +Today is my birthday. I am 28. What advice would you give your 28-year-old self? Do you have any regrets? What would you have done differently? I am asking because I know that there is a lot I am unaware of in terms of finance and life knowledge. And I know that when I am 35 I will look back at 28-year-old me and wish I would have done lots different. +My 7th grader is in an academic position where he'd be a likely candidate to be accepted to the best boarding schools in the country (Andover, Exeter, Choate, Hotchkiss, Groton). My wife is completely opposed and thinks that having them away from home for high school would be more damaging than any benefits. I think going to one of those schools would open a lot of opportunities for their future success. + +Does anyone here have experience with sending their kid to an elite boarding school for high school? What was it like? +*This post was not allowed on r/personalfinance so I thought I’d take my chances here* + +Edit: Forgot to mention I’ll be graduating in 2022 + +I am fortunate enough to say that I will be graduating college with zero debt. My tuition is paid for entirely by the school (UCF, IT Major) and our state scholarship program (Bright Futures). + +To save money, I decided to live at home (a ~25 minute commute) rather than dorm. I knew I wouldn’t be comfortable in a dorm, 4 dudes to a bathroom type situation. It just wouldn’t make sense to spend thousands on an apartment or housing when my home is literally half an hour way. + +I currently work at Publix as a cashier, and my only recurring expense is a car payment that I have until May 2026, and of course gasoline for that car. + + +**TL;DR** +**Anyways, my question is, for those of you who were in my situation, what was it like when you graduated? Everyone tells me “Damn bro that’s so nice you’ll be rich when you graduate!” Is that really the case?** + +I’m finally getting to the stage where I can start investing in index funds. I’m going to go for the boring option of a 100% equities global index fund. + +As vanguard seems to be by far the most popular option, I was wondering if anyone uses anything different and why? + +Outside of pensions. +Hello I’m currently mowing lawns and doing seed eating and I blow off driveways with a leaf blower after the job is done.... I charge 15$ for a front yard and 24.99$ for front and back. I’ve gotten a repeat customer that requests a weekly front yard mow every week and have gotten some single time requests from other people and I’ve gotten 140$ all together in total. Financial experts of reddit please tell me what I should do with my money. Savings? Investments? Tell me. + +Edit: this post really blew up I really appreciate all of your all’s insight into the business and I’m going to be making some better decisions +And whoever awarded the rocket, ThAnKs FoR tHe GoLd kInD sTrAnGeR. :) + +Edit 2: holy shit you all blew 200 upvotes out of the fucking water. I’m genuinely happy about how supportive and genuine this community is thank you guys. + +Edit 3: not even an hour after edit 2 we got to 4000 upvotes what the hell happened +Fellow shareholders, + +It's been a fruitful day of working the phones and getting my papers in further order, and as a result GameStop has now been served with my complaint! + +**My case number is 2021-0993-SEM. The case will be presided over by Master Selena E. Molina.** + +**I will provide a hearing date and time as soon as I know it.** + +Here are two additional documents you will need if you are following my trail: + +[Summons Instructions](https://imgur.com/a/FwRUDZp) + +This document replaces "Letter for Summons" from previous updates. It includes language identifying the Special Process Server who is necessary for getting the case documents from the Register in Chancery to GameStop's registered agent, The Corporation Trust Company. + +[PARCELS, INC.](https://www.parcelsinc.com) did a great job for me and I recommend them. + +[Request for Scheduling](https://imgur.com/a/9CZmamb) + +This letter requests the judge to schedule a hearing on the case. + +Finally, I made a little changeup to my disclaimer. I still haven't met Joe Rogan. I just would rather talk to Amber Ruffin. + +[My position](https://imgur.com/a/Rct8lNS) + +Onward and upward. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Amber Ruffin, PFTCommenter, or Ariana Grande.* +I have been watching and researching Micron for a while, because of the huge opportunity ahead in contrast to current valuation. +I knew Mohnish Pabrai has almost half of his funds invested in the company, almost $132M. +Recently I found a quality article which summarizes what I researched for almost a month, hope this helps and makes you at least curious for further research: + +[Micron is a bargain](https://www.gurufocus.com/news/1546450/read) + +Waiting for your view on MU, especially from people following the company for some time. +What steps do you take before picking your stocks to invest in? Do you read the 10k? Look at the financial statements? Anything else? + +Furthermore, do you feel what you do is good enough to understand the price better than the market or it still feels more like a gamble despite your efforts? +Yesterday I asked you about the best books that genuinely helped you financially. I was overwhelmed by the amount of awesome recommendations, but also by the number of books suggested. This is all based on the 409 comments received + +&#x200B; + +To make it easier for those who have the same question as I had, I organized all the data received and split it into categories and rankings. + +&#x200B; + +# All data taken + +First I have the top 19 books suggested, along side the number of times they were mentioned and the amount of upvotes each received (accumulative) + +&#x200B; + +|Book title |Number of Mentions |Number of Upvotes| +|:-|:-|:-| +|Rich dad Poor Dad|26|262| +|The Millionaire Next Door|20|255| +|The Richest Man in Babylon|12|292| +|Your Money or Your Life|10|362| +|The Psychology of Money|7|560| +|Bogleheads Common Sense Guide to Investing|7|113| +|The Simple Path to Wealth|6|28| +|The Automatic Millionaire|5|26| +|I Will Teach You to Be Rich|4|58| +|Millionaire Teacher|3|166| +|The Little Book of Common Sense Investing|3|97| +|A Random Walk Down Wall Street|3|62| +|Quit like a millionaire|2|47| +|Die with Zero|1|132| +|The safe investor|1|42| +|How to win friends and influence people|1|34| +|Think and Grow Rich|1|32| +|Guide to Financial Independence|1|18| +|Loaded - Money, Psychology, and How to Get Ahead Without Leaving Your Values Behind|1|15| + +&#x200B; + +# Categorized by Number of Mentions + +&#x200B; + +|Rank:|Book Title|Number of Mentions| +|:-|:-|:-| +|1|Rich Dad Poor Dad|26| +|2|The Millionaire Next Door|20| +|3|The Richest Man in Babylon|12| +|4|Your Money or Your Life|10| +|5|Bogleheads Common Sense Guide to Investing|7| +|6|The Psychology of Money|7| +|7|The Simple Path to Wealth|6| +|8|The Automatic Millionaire|5| +|9|I Will Teach You to Be Rich|4| +|10|The Little Book of Common Sense Investing|3 | +|11|Millionaire Teacher|3| +|12|A Random Walk Down Wall Street|3| + +&#x200B; + +# Categorized by Number of Upvotes + +&#x200B; + +&#x200B; + +|Rank:|Book Title|Upvotes| +|:-|:-|:-| +|1|The Psychology of Money|560| +|2|Your Money or Your Life|362| +|3|The Richest Man in Babylon|292| +|4|Rich dad Poor Dad|262| +|5|The Millionaire Next Door|255| +|6|Millionaire Teacher|166| +|7|Die with Zero|132| +|8|Bogleheads Common Sense Guide to Investing|113| +|9|The Little Book of Common Sense Investing|97| +|10|A Random Walk Down Wall Street|62| + +&#x200B; + +In conclusion, there are many amazing books out there and it's time for me to go reading now. Hopefully this list will help everyone discover new helpful books to expand their knowledge. +I am new to investing in cryptocurrency. I have a bad habit of buying high and selling low. With the crypto-markets booming today, what would you invest $5,000 into if you were looking for a big return, not just the slow and steady gains of the household names that most know? It could be in multiple currencies or just one. +New York Times had quite the hit piece today, titled “Buy GameStop, Fight Injustice. Just Don’t Sell.” Good start with that title, but its all downhill from there to shit creek. + +EDIT: I write this post for a very clear reason. This article had lies in it, and on the whole its deceitful. I encourage only respectfully following up with the authors of deceitful information. Peace is the only way I operate, it is not only "the way", it is the only way. Being upset at someone for lying is fine, talking to them about the content of their lies is fine. The authors and the professor are the only people I encourage people following up with, because its their professional job to have ongoing conversations about the public statements they make. + +LAST EDIT: I removed the part where I say "Fuck You" to some of the people in the article. I do not use that language in my life, and so I don't encourage it. + +Here is my summary and response: + +First off, the authors can be found on twitter here for you to respectable disagree based on the content of their article. No joke, be nice, follow up professionally, it works every time. + +**Tara Siegel Bernard** \- u/tarasbernard + +**Emily Flitter** \- u/flitteronfraud + +**Anupreeta Das** \- u/preetatweets + +Now for the poor fools who interviewed and allowed their names to be debased. If any of them are members of Superstonk I am proposing a permanent ban. + +**Ruby Gonzalez**: She mostly got away with this, they really didn’t mess with her. But, in my opinion, she should not have given an interview. + +**Jesus Gonzalez**: Invested in both popcorn and GME, popcorn is fake and all my homies know that. But, he made the big mistake, the unforgivable mistake of providing this quote: “We have never seen a congregation of retail investors who have collectively come together on the internet and formed the largest, most powerful, decentralized hedge fund in the world.” That is the exact quote that MSM wanted. Let’s be clear, I am not investing with any of you, this is not a hedge fund, I am an individual investor who makes their own decisions. So, sorry to say this, but with respect, you Jesus Gonzalez took the bait, you got played (edited out profanity). + +**Mat Bowen**: He had a dream where Elon Musk told him to buy that dog koin, what a joke. Was the pastor of a small church but quit to day trade. The article makes him look like a religious cook. Also, he owns GME, popcorn and the dial of the sun. What a joke, GME is the only play. + +**Harrison Fritz**: Now, here is the real dumbass. How much did they pay you fritz? Claims that he sold GME in May after the Superstonk Mods deleted FUD posts. Now the article claims he fears a real-world attack by Superstonk members. What a bad comedy joke. Superstonk members have never and will never attack anyone. What a dumb setup that Fritz allowed himself to be used for. You played yourself Fritz, no one will ever attack you, geez. + +**Kunal Gogna**: “Charts, all these dizzying things.” Maybe you gave a good interview, but they played you as well by making this your only quote. + +**Ben Pomeroy**: “I can’t explain it all, I read it, and I was like, Ok that makes sense, but if you asked me to explain it I don’t think I could give you a very coherent answer as to why these synthetic shares exist.” Then don’t give an interview Ben, you made yourself and Superstonk look dumb, (edited out profanity). + +**Blayne Macauley**: “never got into the conspiracies.” Bought and sold popcorn in February 2021. Got into options and now a has a podcast. (edited out profanity), sounds like you like getting played. + +**Frank Partnoy**: Law professor at UC Berkeley. Main point from him is: Synthetics not happening because the SEC exists and that would be illegal, and the SEC is not involved because they are the regulator. Another tool here, and what a poor argument, basically saying that illegal things don’t happen because they are illegal. At no point did Frank offer any specific refuting of Superstonk DD. If someone can refute the DD then do it and I will sell all my shares, that is an open promise. + +Now for Superstonk claims: + +· Superstonk was created in May after GameStop receded from the headlines. This is a lie, a big lie, we all know that GME was banned from that other sub, this is what created Superstonk. + +· Only diehard fans are on Superstonk, maybe a bit true, but not really, this is a place for posting research, discussion, hype and memes. Its for everyone with money to invest and a sense of humor. + +· The DD is really just farfetched theories about how various Wall Street actors secretly manipulate GameStop and other memes. First off all, DD is research, if it’s a theory then its marked as something else like opinion. Good DD is real research, and the manipulation is not all done in secret a lot of it is out in the open as detailed in the DD that was not covered in the article. + +· Core premise of the “plot’s existence” is that short interest is higher than 100%. Well, it was, and it went down to 10% without any evidence of shorts closing. And, it is now up to 14.89%. These specific issues need accounting for and the article didn't address the actual concern of Superstonk members at all. + +· Redditors are focused on “revolution.” Yeah, a peaceful financial revolution that overthrows income inequality and creates a strong middle class so the average person can work a full time job and earn enough to live a life of dignity. + +· Average investor is a male in their 20s to 30s stuck at home with “stimies,” and is anti-expert. No, I am pro-expert, college educated, a working professional, invested my own money and I love experts, just see Dave Lauer and Susanne Trimbath, ya know, the people you never interview for articles like this. + +The New York Times is dead to me, one news organization at a time is submitting its resignation to me with these articles full of lies and deception, I am becoming divorced from each MSM outlet one at a time. + +\*Edit: I wrote cook instead of kook, but I am keeping it, its hilarious. + +\*\*Edit: (removed reference to my former references to profanity) + +\*\*\*Edit: I only encourage the authors and the professor to be followed up with respectfully, everyone else must be left alone in every way, except to to be banned from Superstonk in case they are here. +My partner (35M) and I (28F) have been pursuing the FI/RE path for a few years now, and our net worth is approximately $1.3 million - $800K in equity investments and $500K in home equity. + +Our retirement goal is $2.5 million - $2 million in equity investments and $500K in home equity. + +I personally have a much lower enjoyment of work than my partner, and do not derive much pleasure from my lucrative career ($145K salary). + +My partner, who also has a lucrative career ($220K salary), is more so looking for the option to retire, as he does somewhat enjoy his career and may also want to start a business down the line. + +I have spoken to him on multiple occasions about my lack of fulfilment through work. He’s told me that he’s fine with me retiring anytime, and that is simply makes it take longer for him to be financially independent, but that he’s fine with accepting that because he loves me and wants me to be happy. + +I feel guilty about accepting his offer, so I’ve told him that I’ll work until we get to $1 million in equity investments (plus the existing home equity), so that at least we have a frugal retirement secured, and then retire. This is $200,000 away, which will take us about only about a year to save based on our predictions. He will then have to work about 6 more years for us to reach our full retirement goal, and become financially independent himself at 42. I would be 35 by then. + +I am wondering how many people here have experience/thoughts with one partner/spouse retiring before the other? Does it change the relationship dynamic? How successful/unsuccessful would this be? + +Thanks in advance for any input/thoughts. + +P.S. We are currently undecided on whether we want children, so that is why plans for children have not been mentioned. +Elon Musk tweeted Thursday that The Boring Company received "verbal" government approval to begin building an underground Hyperloop, saying it would take "29 minutes" to go from New York to Washington, D.C. http://www.cnbc.com/2017/07/20/elon-musk-says-he-got-verbal-govt-approval-for-hyperloop-between-ny-and-dc.html +Title just about says it all. I'll obviously meet with a professional financial planner when the time comes, but am trying to get an idea of what other people have done or think a good method would be. + +EDIT- Im a 27 year old man, i have about 80k of debt most of which is medical from the incident surrounding the lawsuit but my insurance paid for the lions share, leaving me with about 2k of that, so about 10k of remaining debt. im still u sure if im liable to reimburse the insurance company. +"“This is very much like the bubble in synthetic asset-backed CDOs before the great financial crisis in that price-setting in that market was not done by fundamental security-level analysis, but by massive capital flows,” + +Basically people just throwing money in the market indiscriminately without studying the fundamentals and creating unrealistic cash in-flows for the companies listed for example in the S&P500. +> Servicers are now authorized to process Transfers of Ownership where Borrowers transfer title of the Mortgaged Premises to a limited liability company (LLC) or limited partnership (LP) under our permitted Transfers of Ownership requirements, provided the original borrower is a managing member or general partner of the entity to which the ownership is being transferred, and subject to other Guide requirements. + +[Full Freddie Mac news bulletin here](https://guide.freddiemac.com/app/guide/bulletin/2020-39#transfers_of_ownership) + + +Fannie Mae made a change in late 2017/early 2018 to allow similar transfers of ownership for recent (since June 2016) mortgages. + +This change should quiet concerns around transfers to LLCs controlled by the original borrower and "Due on Sale" / "Due on Transfer" clauses in conventional Fannie Mae/Freddie Mac mortgages once and for all. +[https://www.reuters.com/article/us-usa-biden-yellen/act-big-on-stimulus-bidens-treasury-nominee-yellen-to-tell-lawmakers-idUSKBN29O1WX?il=0](https://www.reuters.com/article/us-usa-biden-yellen/act-big-on-stimulus-bidens-treasury-nominee-yellen-to-tell-lawmakers-idUSKBN29O1WX?il=0) + +Wouldn't this basically destroy the whole idea of compound interest? How would someone who is already fatFIRE deal with a tax like this? +So I want to buy a plot of land or a house in Minnesota or North Dakota to hold for decades, give to my son (who is a baby), so he has somewhere to live when the coasts are uninhabitable and the Great Migration begins. I feel a bit tin-hat in this idea, but I think it's the reality to come and I think it may be a sensible investment even if he doesn't end up using it. I have some cash I can use to buy to a plot of land or a cheap house, or could perhaps use a VA loan. What are the drawbacks? Would it be a better ROI to let money sit in an S&P500 index fund for 50 years or to buy some land before it potentially becomes super expensive? I own a house in North Carolina now (not coastal, but near large rivers) + +&#x200B; + +edit: missing word +Hate to spam this, but 50+ messages from various users that are still confused. i myself am shocked at how easy that really was. + +Simply call 800-343-3548, tell them you want to direct register. they will ask a few questions, then ask how many shares you want to send. from there they do all the heavy lifting. + +once the shares disapear thats when you know they are safely with CS, and simply use your social security number to locate them. + +Am i missing something? Brick by fucking brick baby +Hey guys, + +I invested a lump sum of 30k into Core MSCI World right before the current stock market crash. The index fund since then has been down almost 6%. + +Should I be worried and implement some kind of stop-loss strategy or just ignore the crash? + +My investing horizon is 10-15 years. + +Thanks! +Update: Thank you everyone for the advice. I have taken it all in, changing passwords, notifying escrow, loan, agent, and authorities. + +I thought it would be helpful to give everyone more details on the scam itself. + +First off, the email itself: +- The email had the same signatures, names, warnings, notices, etc as the legitimate individuals. The scammer is betting people don’t pay attention to those things, but it makes the email look/feel legit. +- The subject line of email had the correct escrow ID. I don’t know if this is a standard ID or anything, but the scammer knew to add the correct ID number at the beginning of the subject line, and it was consistent with all previous communications with the escrow company. +- The email came from a slightly misspelled email address. In my specific case, they replaced “@pick——.com” with “@plck—-.com’ +- The email CCed my real estate agent... or so I thought! My agents email was also misspelled. In this case it was changed from “@realestateagent.com” to “@raelestateagent.com” +- There was a reply from the fake real estate agent email saying something along the lines of “Thank you for reaching out! Buyer will be able to respond to your questions and initiate wire of funds soon.” +- All email signatures and normal font used from my real estate agent were consistent with my past correspondence with her. +- Grammar mistakes. This one is on me, and I think more careful people would have caught this. There were grammar/language mistakes in the email. Unfortunately, I overlooked these. + +Second, is the timing and amount being so close. +- The amount was NOT exactly what I ended up needing to truly wire but it was ballpark. +- The timing of the email was spot on. I was already wondering when I would need to wire the remaining funds. +- My guess is that the simplest answer is the likeliest. Someone’s email (escrow, lender, agent, or even myself) is compromised. Basic information has been shared in emails between parties, including close date, purchase price, and down payment amount. This is obviously all you need to get ballpark on the timing and amount. + +Finally, the wire instructions: +- Looked very legitimate with escrow companies branding, contact details, etc. +- Professionally formatted and organized. I know this isn’t hard to do, but it wasn’t some haphazard laid out PDF. It was consistent with all of my other purchases and refis. + + +Original post below: + +I am closing on my first investment property in a couple of days. Two days ago I received an email from my escrow with wire instructions. The timing of the email and the amount to wire was right where I was expecting it to be. + +Looking back at the email it’s classic scam/fishing. Let’s just say they changed the email domain from “someescrow.com” to “someescrovv.com” + +I am extremely fortunate. My bank flagged the wire, and I learned what had happened when I called my bank wondering why the wire hadn’t gone through. + +I am shaken by this. I work in a profession that understands how fraud works, and I still got hoodwinked. + +Since then I have... +- Called escrow company and they told me they would give me wire instructions in person with final signing of papers, notary. +- Researched on LinkedIn the individuals I am working with at escrow and lender +- Reviewed the websites of escrow/lender, called through the website, and asked them to verify things they should know +- Looked back at all my emails to make sure they are legit. + +What else should I do to verify everything I am going through is legitimate? +Hi everyone, I just turned 18 and I have about $170k in Social Security death benefits from my late mother that I would like to put some place besides a HYSA. + +I'm starting university in October (UC system, staying home) and I estimate my first two years will be covered by scholarships. I'm currently seeking a part-time job to cover miscellaneous expenses, and I've already been approved for a secured Discover card so I can start building my credit. + +More specifically, I'd just like some recommendations on what to do with all that money. I'd definitely keep some in cash but I feel that some of it is better used elsewhere. I know a Roth IRA would be a good place to start, but I'm lost after that. + +EDIT: A lot of people are offering condolences, which is much appreciated, but my mom died in 2011. I've done lots of grieving over the years and I'm doing well now. + +Social Security supplies a death benefit for all children with a deceased parent so that the living parent can provide care. My dad makes enough that it was never needed (but large purchases like clothes and school supplies would come from that account.) I also think some of that came from a life insurance policy, but I'm not too familiar with the breakdown there. +I have a newer tenant who seemed good, but has people over who I know have been in jail for theft, meth etc. My worker was a former meth head and can identify them all by name and I am creating a list of names of people who are over there. Coincidentally I'm working at the house next door to this building so I see people come and go all day. This is a 4 plex with college kids and a young woman with an infant child so i am very worried about the increasing activity over there. Any thoughts or advice on what to do would be appreciated. +It was June 21, 2019, the first day of summer, when I first broke the $500k resistance, and I was on track to $600k within a 1-year timeframe before the pandemic hit. Regardless, I checked my balance after close today, and was grinning from ear to ear. + +Oh, I know it will likely dip below that a bunch of times before it firmly settles above this threshold, but I’m patient and diligent with always contributing the maximum to my 401k each year, and my company has a generous 4 1/2% match + a 3% enhanced contribution when they sunsetted the defined benefit plan 10-years ago. + +Now my goal is to see if I can hit $700k in less than 400-days. VEIRX, VIEIX, VSMAX, VINIX, VWUAX are the funds in my 401k. + +I just want to encourage everyone who strives for financial independence to stay the course, be patient, sacrifice wants vs. needs when you can, and contribute as much as possible towards your retirement funds. + +Good luck and happy investing! +I had posted my first stock pick from my program ($CRSR) in another community(stocks). The response I received was amazing and I have been working on improving the program. This is the second stock picked by the program. If you had seen the first post, please feel free to skip to the DD. + +**Preamble:** One of the main questions that I had and I see recurring on this sub is how to identify and invest in emerging stocks before it becomes mainstream news. I did not have the time to actively track social media and decided to build a program that does it for me. + +**How does it work:** The program is built using Python and uses both Twitter and Reddit API to stream comments and tweets and spot tickers that are exhibiting accelerated growth. I added sentiment analysis to the findings so as to check the general sentiment (whether what is being talked about the stock is positive or negative). + +Here is the stock picked by the program and my DD + +**Stock: MindMed** + +Ticker: $MMEDF (OTC), $MMED (NEO), $MMQ (DAX) + +&#x200B; + +[Growth in the number of mentions!](https://preview.redd.it/ke6ae5pqkmj61.png?width=624&format=png&auto=webp&s=f8f7bb69be43eaec77b87e54f337995de434fe33) + +Week on Week increase in mentions: **23%** + +Month on Month increase in mentions: **677%** + +Average sentiment across mentions: **+28.4%** + +**DD** + +**Core Product** + +MindMed is in the field of developing psychedelic-based medications and treatments for neurological and mental health disorders. The company is in a very early stage (founded in 2019) but is backed by famous investors such as Bruce Linton (Founder, Canopy Growth) and Kevin O’Leary (Shark Tank). + +They have 3 main products in the pipeline + +i. **18-MC:** The optimism around MindMed is primarily due to the 18-MC drug which shows promising results in treating alcohol, drug, and nicotine addiction. 18-MC is currently in phase 2 of clinical trials for opioid addiction. + +ii. **Project Lucy:** This is a commercial drug based on micro-dosing LSD by a therapist to treat anxiety disorders and adult ADHD. Currently on phase 2 clinical trial. + +iii. **Digital Therapeutics:** MindMed is betting on digital therapeutics as the future for their drug delivery by creating a platform aimed at delivering psychedelic based treatments and therapies in combination with digital therapeutics + +&#x200B; + +[Product pipeline](https://preview.redd.it/036ihnlukmj61.png?width=1461&format=png&auto=webp&s=24d713d7be28d1864cca57d9ff9e4cd09c8f605a) + +**Financials** + +The company has raised approximately $185M since its inception (six rounds). Mindmed raised $72M in Jan’21 increasing their cash in hand to a healthy $144M. The company is planning to use the proceeds from the latest fundraising to Project Lucy and 18-MC. + +There isn’t much sense in talking about revenue and P&L as this is a very early-stage biotech company that by nature cannot generate any significant revenue until their drugs get approval. But the company had a sustainable burn rate and had a net loss of $8.6M in the quarter ending Sep’20. + +**Potential and Hype Factor** + +The buzz is generated primarily due to the following reasons + +Nasdaq up-listing is one of the major catalysts in the increasing discussion. The company is currently listed in NEO and have applied to be listed in Nasdaq which will significantly add to the liquidity (Expected in Q1-21) + +Adding to this, MindMed has multiple products in its pipeline. The company currently has 3 major products which are in phase 2 of clinical trial which significantly de-risk the company’s future as you are not betting on one single product getting FDA approval + +Inline with the digital therapeutics aim of the company, MindMed acquired HealthMode, a digital therapeutics startup that uses AI and ML to increase the precision and speed of clinical research and patient monitoring (all-stock deal) + +**Risk and Competition** + +There is definitely a significant risk associated with investing in small-cap stocks. The main risk factors for MindMed that I could see are + +a. Drug Approval: This is the simplest and would have the most impact on the company’s future. If none of the drugs in the company’s pipeline get approval from FDA, the company would go under. + +b. Ability to raise funds: Since MindMed is an early-stage biotech startup, the company would make no revenue for the foreseeable future. Therefore, the ability of the company in raising funds outpacing its burn rate is critical + +c. Acceptance for psychedelic drugs: Although growing, currently the acceptance for psychedelic drug is very low. MindMed has an uphill battle in convincing the masses about the efficacy of its drugs + +**Conclusion** + +There is currently a $100B+ global total addressable market for psychedelics. Even though there are significant risks in-terms of psychedelic drug acceptance and FDA drug approval, MindMed currently offers the broadest and most diversified pipeline of psychedelic drugs in clinical development. This along with their ability to raise funds puts them in a very strong position. + +&#x200B; + +*Disclaimer: I currently do not own any stock of MindMed. I am not a financial advisor. There are significant risks associated with investing in small-cap companies. Please do your own extensive research before investing in any stock.* + +&#x200B; + +**Update:** I have made the code public. The GitHub repo of the code is kept as a stickied post in my profile. + +&#x200B; +I am 32 with a $9M net worth. While I'm sure some of you find it ridiculous that I'm coming to Reddit seeking this advice from strangers, I was recommended to this sub for alternative perspectives. So, here I am. My NW roughly includes: + +* $5M - $6M investment portfolio +* $3M generation-skipping trust (GST) (this will not materialize until my mother passes) +* $600k primary home +* \~$500k other assets (company stock, cryptocurrency etc.) +* \-$400k mortgage debt + +A bit about me: I struck it big early on and am now primarily invested in the stock market and a few alternative investments (passive real estate, small tech angel investment). I am a relatively "simple man" who has driven the same car for 10 years, doesn't own a vacation home(s), and am not a member of a country club. And yes, I track my monthly expenses to ensure we're not going rogue and I like numbers—so it's fun to track the data! + +I am married with no kids (will have 2 in the next 5 years) and live in a MCOL city in the USA. + +Right now, I am at a crossroads: whether or not to continue participating in the corporate rat race. + +It might seem crazy to some of you that I even contemplate continuing to work given my NW but, at 32 years old, all of my peers and personal network have day jobs so I feel like I should, too. What would I do?! Also, I don’t want to raise children as a non-working father. I don’t want them to think that is normal. + +Although stressful, I tend to like my job and the benefits it provides (full health coverage for family, 100% remote now with the covid situation, and interesting product vertical). With this in mind, I am not sure I am in a position to exit. And by position, I mean I feel like I would have *so much* time to kill that I think I would feel uncomfortable with that amount of the freedom. I don't want to be the 30-something-year-old with a past career. Although I feel burnt out, I do not feel like all the boxes have been checked. + +So my question to anyone in my position now or previously: even though you were financially in a position to retire, did you continue to work? If so, why or why not? If you retired very young, what did you do with all of that time? + +Edit 1: yes I have hobbies! Just didn’t mention them here. + +Edit 2: average monthly expenses are $12k/mo +Hey, working a really good job especially at my age (20). I still live at home and am willing to invest most of my income in dividends. All I need is some suggestions on some steady yielding safe dividends that could pay out monthly. + +I’m also in canada, any advice is appreciated thanks +Hello ape friends, + +I am seeing a lot of good intentioned apes getting excited at our CS account numbers (and why wouldn't you be? my gawd my tits are so jacked I've gone shirtless for days!). However, many are setting the float at 30 million shares. This is a false number and not the float we need to cover. + +The idea of 30m is understandable - it is roughly the retail float. So it is easy to think "retail needs to cover the retail float." However, this banks on a huge, blind assumption that those holding the other 46.5m shares will be DRS'd and not lending them out. This is a dangerous assumption that should not be assumed. Do NOT assume we have any help from anyone. Apes must do this alone. + +Thus, realistically, we need the full 76.5m float minus the guaranteed 9m owned by Ryan Cohen. We need 67.5 million shares on Computershare to set this off. + +By underestimating this number, we are setting a low bar which is VERY dangerous for two reasons. + +1.) By advertising that we are over twice as close to covering the float than we actually are, we are going to give apes bystander syndrome. Apes will think, "Aw we are so close, it'll be covered without me." But in reality, we are much further away and desperately need their DRS too. + +2.) As a false "shares per CS account" number goes lower and lower, we will feed into anti-DRS shilling. Once we get to a number that feels like we MUST average that much per account, we will lose steam. By artificially making that number less than half of what it should be, by basing it on a false 30m float, we are going to help make it seem like DRS isn't working. + +Some of the best of you, doing some of the most important tracking and DD here, are using 30m as your float number. I ask that you please move to the conservative, guaranteed number. Drop your optimistic, best case scenario float numbers of 30m for your DRS posts. Please stick to the full 67.5m! + +Edit - 76,491,496 shares minus RC's 9 million = 67,491,496. So, 67.5m!!! (Fixed in post above) +Apple has paused all product sales in Russia in response to the invasion of Ukraine. + +The tech company said it has also limited Apple Pay and other services in Russia, and that it has removed state-backed news outlets RT and Sputnik from its App Store in other countries. + +In a statement, Apple said: "We are deeply concerned about the Russian invasion of Ukraine and stand with all of the people who are suffering as a result of the violence. + +"We are supporting humanitarian efforts, providing aid for the unfolding refugee crisis, and doing all we can to support our teams in the region. + +"We have taken a number of actions in response to the invasion. + +"We have paused all product sales in Russia. + +"Last week, we stopped all exports into our sales channel in the country. + +"Apple Pay and other services have been limited. + +"RT News and Sputnik News are no longer available for download from the App Store outside Russia. + +"And we have disabled both traffic and live incidents in Apple Maps in Ukraine as a safety and precautionary measure for Ukrainian citizens. + +"We will continue to evaluate the situation and are in communication with relevant governments on the actions we are taking. We join all those around the world who are calling for peace." + +https://news.sky.com/story/apple-stops-all-product-sales-in-russia-as-rt-and-sputnik-removed-from-app-store-12555128 +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /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) Last ban length: 1,048,576 days + +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/2sQBNuM) +So I just went to my local store (to show off my new GameStop shirt) to buy some shit for my kid. The manager was chatty and very helpful. 🚀 in our chat I ask. Been busy lately? “Yeah its always really steady here” After a few more questions (heavy interrogation) he says....... dun dun dun.... “But I’m super excited because MY BOSS said he can’t tell me YET what’s happening....but it’s gonna be HUGE!!! And I’m really excited!!!”😝..... +At this point my tits became super fucking jacked and I passed the fuck out.... so here I am texting this shit from the floor of my favorite local GameStop....Cuz I COULDNT WAIT TO JACK YOUR TITTIES TOO!!! 🚀🚀🚀 + + +It’s coming.........💎🙌🦍🚀🚀🚀 💎HOLD + +Edit: I love you all! Ok Most of you!! Thank you for all the love and all the awesome conversation!! You are the best of the best and I love being a part of this group!! Can’t even keep up with it all and I have a family here somewhere? I better go hang with them now 🚀🚀🚀💎🙌💎🚀🚀🚀 + +Edit 2. Wow massive shill attack? I see all you losers who make your stupid ass comments and try to spread the hate or FUD with name calling and stupid comments I get the notifications on my phone but by the time I try to respond Some AWESOME MOD has already deleted your ass ... must suck to be such a hateful loser! Right!?!? Let the apes be hyped or move the fuck along if you don’t like it cool but don’t try to go get yourself confused for a shill now 🚀🚀🚀 + +Edit 3 wow some angry people about us being happy here!! Sorry for the angry response but wow this is insane I finally learned about the fun block feature Reddit has Some lamb sauce devil dude is really a prick and got me going. Don’t care if you don’t like us being hyped or think we’re acting like 12 yrs old. I’m having fun and I’m hyped and I’m happy to share my happy with all of you and I am honored by all the POSITIVE responses and the true 🦍❤️ +Last week I sold a put on SOFI at $21. It was right ATM at close yesterday and rocked earnings, shooting up to $24ish AH. I had a standing BTC order at about 50% profit that got filled right at the bell this morning, despite the bid being around $0.30 higher than my order. + +It was lucky, but I don’t think there’s anything wrong with that. Maybe your play swings rapidly and the bid/ask gets crazy. Maybe someone, somewhere, fat fingers an order without double checking. Whatever the cause, put yourself in the situation to get lucky. +I joined a startup a while back and we’re getting acquired. I was the first employee to join the company after the 2 founders and I played an important role in the development of the business, so I got a good chunk of the company as compensation. + +After negotiating the acquisition for the past 5 months, my share (both cash and stock in the new company) is worth JUST under 9 figures. + +The stock in the acquiring company won’t vest for a while, but my cash payment is 8 low figures and I will receive it mid-September. + +I’ve had a CPA to help me keep track of taxes and all NW related stuff. I contributed the max to my retirement plan and have been saving about 30% of my paycheck for the past few years. + +Beyond that, I’ve been so focused on growing the business that I’ve done little planning for the future. My role within the company was not finance related, so I’m not what you’d consider “investment savvy”. + +I’ve been sort of reading online and trying to form some sort of plan of action, but there’s so much and often conflicting information. + +I’m in my early 30’s, I carry nearly zero debt, I’m single, no kids, no mortgage, my company provides a car, so I don’t even have a car payment. + +As far as goals, I live comfortably, so I don’t see the need to drastically change my lifestyle beyond perhaps buying a fun car, or perhaps taking a celebratory vacation, or something like that. + +I have 3 nieces and nephews for whom I’d like to pay for their college, and I’d like to buy a house for my mom. She’s a modest person, so it will be nice, but definitely not some ostentatious palace. + +As far as work, I am required to maintain my position post-acquisition for a minimum of 90 days, after which they’ll make me (or decline to make me) an offer for a permanent position. I haven’t made a final decision, but right now I’m inclined to say that I’ll probably leave and invest a small amount developing a startup of my own since I have some ideas that I feel have potential. + +I’d definitely like to stash most of my NW in super safe investments so that in the case my startup doesn’t work out I can generate income from my NW alone while I figure what the next step is. That’s it! That’s as far as I’ve thought. + +I’m hoping someone that has gone through a similar process can give me some advice based on their personal experiences. + +Thank you kindly! +Anyone else trade the first 15 minutes then call it a day? I exclusively trade SPY, past several weeks I’ve been entering positions at open, usually puts. Today I bought SPY 360p’s at open for .94 and sold 1 minute later for 1.25. Too good to be true? +Growing up we were very fortunate and never had to stress about money but man was my dad frugal. He worked extremely hard and built his own construction business. We always had everything we needed but drove inexpensive cars and never had anything too extravagant. When my dad was about 44 he decided that he reached "his number" and got out of construction and sold all of his real estate 6 months before the crash in 2008. I was 14 at the time and thought it was strange that other dads weren't retired and able to spend time with their families. My parents were always at all of my sporting events and it was great always having them available. The one thing I do remember is he always struggled when people asked "what do you do?" I never realized how rare it was until I was a bit older. + +My dad is now 60 and has quadrupled his net worth without really even trying through the stock market (mainly ETF's and a few mutual funds). His lifestyle is pretty much the same as when he had nothing but we have gotten him to lighten up and enjoy things a bit more in life. He focuses his time and effort on his health and volunteering which is fulfilling. He has zero regrets about his decision to retire early and attributes his health to lack of stress. + +My wife and I are extremely fortunate and have a pretty high NW for our age and have found balance between spending money on things we value (vacations, etc) but still being smart about how we spend. + +I just wanted to share because he is 15+ years into his journey and has zero regret about retiring early. Also, I thought the perspective from when I was a kid would be an interesting take on those with a family! + +Kudos to everyone who is on this awesome journey! +While doing some research on buying paper gold, I came across the Sovereign Gold Bonds (SGBs). They offer multiple benefits over gold ETFs like fixed interest income, no tax on capital gains if held till maturity, etc. All the articles describe SGB to be superior than gold ETF/digital gold, which makes sense given the benefits. + +However, none of the articles I read mention that the prices of SGBs are higher than gold ETFs for same quantity of gold, I thought all of them follow the price of spot gold. Is there anything I am missing here? + +Price of SBI Gold ETF: [https://www.moneycontrol.com/india/stockpricequote/gold-etf/sbimutualfund-goldexchangetradedscheme/SBI16](https://www.moneycontrol.com/india/stockpricequote/gold-etf/sbimutualfund-goldexchangetradedscheme/SBI16) + +Price of HDFC Gold ETF: [https://www.moneycontrol.com/india/stockpricequote/gold-etf/hdfcmutualfund-goldexchangetradedfund/HDF02](https://www.moneycontrol.com/india/stockpricequote/gold-etf/hdfcmutualfund-goldexchangetradedfund/HDF02) + +Price of SGB 2021 series: [https://stableinvestor.com/2021/03/sovereign-gold-bond-price-history.html](https://stableinvestor.com/2021/03/sovereign-gold-bond-price-history.html) + +EDIT: Found a really helpful guide on purchasing SGBs from secondary market [here](https://www.personalfinanceplan.in/buy-sovereign-gold-bonds-stock-exchanges/). Insightful and answers many other questions I had. +My husband and I took Dave Ramsey's class before we got married. Dave is ADAMANT that people pay for their cars in cash. Both of our cars are now crapping out. We've put 4000 into my husband's car (only worth 2000ish) just since January. We can afford to make repairs but not buy a used car outright. We're expecting that both of us will need to purchase a car by next winter. Is buying a car and having a car payment really that bad? Any advice on timing is appreciated. +Do you guys honestly think the bank or government gives a flying fuck whether or not you can pay back your student loans when entry level jobs require 5 years work experience and you just graduated? "Fuck you, you knew what you were doing, pay up." is what they would say. How about credit card debt you took out because your kids needed some new clothes or food and now you are stuck with growing interest rates? "Too bad, so sad, pay up, or else prison." Ever take a trip to the hospital for emergency surgery? A price tag of 150 grand for 3 days use of their facilities. "Sorry about your accident, now pay us whatever we want." How about YOUR mortgage THEY gambled away and in turn, caused a recession? "Yah, my bad, but according to OUR calculations, YOU actually OWE US now pay up." + +#Now the tables are turned. + +Why should I give a flying fuck whether or not they can cover all the shares they shorted? Whatever comes around, goes around. Fuck you pay up. + +"B-b-but that money doesn't exist." Doesn't fucking matter, make it exist and pay up. + +"B-b-but stocks can't go that high." You shouldn't shorted it that much then, pay up. + +"B-b-but this will destroy the economy." I don't wanna hear your sob story, pay up. + +"B-b-but infinity pool will make all money worthless." Too bad, so sad, pay the fuck up. You knew what you were doing. You did it anyways. Live with your consequences is what you would tell us. + +We will give you the same amount of mercy as you gave us. Find the money and buy back every single fucking share you shorted. + +#It's only fair we hold you to the same standard you held us. +Daddy is home 😎 +I leave you kids alone for 4 days and all hell breaks loose...time for some good ol' german efficiency 😉 + +I thought about using my post from yesterday for the update ( btw holy f***, thank you all so much for your kind words, you're all crazy and I love it ) but there are so many comments, that it would be better to make a new one, so your new comments about the price movement won't be buried...if you disagree, I'll use my post from yesterday, just tell me what you think! + +For anyone asking where I get my numbers from: I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +If anyone wants another source, you can take a look here...just remember to convert from € to $! + +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Starting:                186.91 US-$ + +5 minutes in: 186.91 US-$ + +10 minutes in: 186.91 US-$ + +15 minutes in: 186.91 US-$ + +I'm glad that I'm back, what would you do without me, posting the same number for 15 minutes? 🤣 + +20 minutes in: 186.91 US-$ + +25 minutes in: 186.91 US-$ + +30 minutes in: 186.91 US-$ + +It's kinda flatlining for me...open the link I provided, you can see that there is a tiiiiny bit of movement, but it doesn't seem like it's enough for my banking app to pick that up 😄 + +35 minutes in: 186.91 US-$ + +40 minutes in: 186.91 US-$ + +45 minutes in: 186.91 US-$ + +It's getting ridiculous now 😂 + +50 minutes in: 186.91 US-$ + +55 minutes in: 186.91 US-$ + +60 minutes in: 187.02 US-$ + +Finally! +I post the price for which I can sell my shares right now... my banking app compares all the different exchanges ( Xetra, Frankfurt, Munich, Berlin,...) and shows me the best price, that's probably why my price didn't move, while for example Frankfurt moved like 0.05 US-$. + +65 minutes in: 187.02 US-$ + +70 minutes in: 186.91 US-$ 🙄 + +75 minutes in: 186.32 US-$ + +80 minutes in: 186.91 US-$ + +85 minutes in: 187.02 US-$ + +90 minutes in: 187.02 US-$ + +95 minutes in: 187.32 US-$ + +100 minutes in: 187.02 US-$ + +105 minutes in: 187.02 US-$ + +110 minutes in: 187.02 US-$ + +115 minutes in: 187.02 US-$ + +This was my last update today, the US pre-market is about to open 🇺🇸 +Thank you all for being here, I appreciate every single one of you! ❤ + +Let's give 'em hell!!! +Down 18% pre market set to open at a new 52 week low, PayPal boasts a consistent track record of earnings and sales growth, stretching back to at least 2010. In that year, it earned 29 cents per share. In 2019, the company reported EPS of $2.96 per share. For 2020, the firm's earnings grew 31% to $3.88 a share. In 2021, the company's EPS grew 18% to $4.60. Analysts expect the company's EPS to grow 13% in 2022 and another 26% in 2023. + +The stock went down 5% when Bernstein took their price target from $260 to $220. Now lower expectations and outlook from yesterday’s earnings report. + +PYPL isn’t going anywhere and hasn’t been available at this price in ~~several~~ EDIT: almost 2 years. +Over the past week and a half I’ve been adding to my portfolio. My investment strategy is to find companies with a strong balance sheet that fall in the rule of 20. + +For the rule of 20 valuations I am: + +discounting a 300bp five year breakeven inflation, I am discounting 125bp because I believe that a recession is eminent, it’s severity is yet to be seen. I am also discounting 75BP due to vast increases in the risk-free rate + +This means I am looking for quality companies that have a TTMPE of 15 or lower. I’d prefer if they paid a dividend, But meta/Facebook seems to be so derisked at this point. I am shocked that it’s moves are still moving at a greater beta than the S&Ps, Apple closed positive and Microsoft closed slightly red, which indicates to me that they probably had some sort of a bottom, as they’ve held a relative out performance for 4 entire trading days. + +Microsoft and Apple both trade a PE over 25, and since I’m a value investor, I won’t buy those names. I don’t know if they’re good investments currently, sometimes generals die last sometimes they don’t die at all + +I own +INTC @27.5 +F @ 9 +ADBE @280 +And mutual funds + +I am considering on owning +META +FDX +GOOG a little expensive +JPM +Hey guys, I recently read [Warren Buffet Accounting Book: Reading Financial Statements for Value Investing](https://www.goodreads.com/book/show/22103415-warren-buffett-accounting-book) by **Stig Brodersen** and **Preston Pysh**, it was a productive read and the book was really concise and easy to understand and I wanted to summarize the principles from the book that Buffett uses to invest. + +According to the book, Warren Buffett invests according to these four simple principles: + +1. Vigilant leadership +2. Long-term prospects +3. Stock stability +4. Buy at attractive prices. + +# 1. Vigilant Leadership + +This principle has four subordinate rules: + +1. **Low debt:** Check out the **debt-to-equity(D/E)** ratio. Buffett likes a ratio of **0.5** or lower. +2. **High current ratio:** Current Assets / Current Liabilities. Buffett likes a ratio of above **1.5**. +3. **Strong and consistent return on equity:** Net Income / Shareholders' Equity. The company should maintain a **steady** return on equity above %**8**. +4. **Appropriate management incentives:** Don't forget management is your **agent.** Make sure managers are first and foremost rewarded based on performance and long-term goals. + +# 2. Long-term Prospects + +This principle has two subordinate rules: + +1. **Persistent products:** Buffett often gives this example: "Will the internet change the way I chew gum?". This is why he is big on Coca-Cola, you should also look at the long term investment with the same perspective. +2. **Minimize taxes:** "Tax is one of your biggest expenses as an investor. Let your investment compound and grow for a long period of time before the government gets their share." + +# 3. Stock stability + +This principle has two subordinate rules: + +1. **Stable book value growth from the owner's earnings:** Ensure that **return on equity** remains constant or grows over the years. +2. Sustainable competitive advantage(Moat):- **Brands(Apple, Coca Cola)** and **patents** are one type of moat.- **Low cost(Walmart)** is another type of moat.- **High switching costs(stickiness)** is another type of moat. **Windows** for instance, not easy to switch from Windows to another OS. + +# 4. Buy at attractive prices + +Apart from using models like **Discount Cash Flow,** these are the rules to be applied to finding stocks at attractive prices: + +1. Keep a wide **margin of safety:** This is the difference between the **share price** and the **intrinsic value**, and should be wide. +2. **Low price-earnings ratio: Market Cap / Net Income.** Since Warren Buffett is a conservative investor, he suggests that this value should be below **15**. +3. **Low price-to-book ratio: Market Cap per share / Book Value(Equity) per share.** Benjamin Graham(Buffett's mentor) would try to find companies that had P/B ratio of below **1.5.** +4. **Set a safe discount rate:** Riskier the investment, higher the discount rate. If the risk is high then you should use a discount rate of %50. +5. **Buy undervalued stocks:** To find these stocks you should use models like **Discount Cash Flow** to determine the **intrinsic value.** (Here you need to do your own research what these models are and how you should use them to find the intrinsic value. Additionally, these authors have a website and provide calculators that you can use, here is the link: [https://www.buffettsbooks.com/how-to-invest-in-stocks/calculators/](https://www.buffettsbooks.com/how-to-invest-in-stocks/calculators/)) +6. **The right time to sell:** Here is some of the reasons to sell your stocks:- Company is breaking one or more of Buffett's principles.- You can get a better return from another investment. +Is anyone else getting absolutely reamed by their rental agencies when it comes to renewing their lease? We have been in this house for nearly 2 years now with the regular $10/week increase each time we have renewed, but this time they have decided that a $60/week increase was in order because of the market. + +They know there are no other options for us as there are no available houses in our area that are comparable to the one we are in. We complainer about it to them and they said the market is pushing the price and we are welcome to move out as they will have someone willing to pay up to $100/week more and the owners where doing us a "favour" by only raising it by $60. + +I can't understand how/why, yet again, us renters are getting fucked over. + +We are "lucky" we have bought land and are building a house but that's a whole other problem with timeframes being pushed and having to pay mortgage payments plus rent for am extra 12months ontop of the 12months we already have been doing so. The budget is starting to get very very tight with the cost of food, petrol and housing going up in leaps and bounds with no movement in wages. + +How is everyone else managing all these changes? + +edit- renting a 4 bedroom house in qld +While I'm relatively young and far from retiring, my main driving motivations for wealth and financial independence stem from an ultimate goal to help those around me. This would of course include helping out family and friends if needed, though I'm currently focusing towards environmental sustainability and conservation. + +My question is: **How can someone make a real, large-scale positive impact to our climate with the most efficient use of above-average assets?** + +I'm aware that money buys you power, including the ability to sway political policies through donations and such, though I'm not a big fan of how that sounds at surface level. I'm also not an engineer, researcher, or entrepreneur, so I'm thinking more of an investor position. However, this wouldn't be for profit, so even just funding environment projects for no expected monetary return is enticing. + +What I've considered so far: +- purchasing a massive chunk of cheap, quality land in the middle of nowhere and funding the planting of trees all over it, or [naturally rewilding the property.](https://www.theguardian.com/environment/2020/mar/27/wildlife-charity-heal-rewilding-buy-uk-land-nature) +- purchasing land and turning it into a solar or wind farm, feeding electricity directly back into the grid or covering the power needs for a particular region, [in the style of President Carter.](https://cleantechnica.com/2020/02/26/a-georgia-town-gets-half-of-its-electricity-from-president-jimmy-carters-solar-farm/) +- assist with funding local conservation/sustainability projects such as community gardens or protected wildlife zones +- simply donating to charities that specialise in these kinds of things and letting them do the hard work + +What does the fatFIRE community think of these ideas, has anyone gone down these paths or something similar, or have you other ideas about efficient use of capital with the ultimate goal of environmental sustainability? +The MSM is directly sending us headlines to forget about it and that the squeeze is gonna be less a few 0s. + +Gamestop is sending us ramen bowls and telling us they can hear our low volume posts. + +We are decoding a pair of chopsticks up an execs nose. + +Citadel CEO is trying to stop Apes from using public records to laugh at his obvious desperation. + +Gary Gensler literally "waking up" to the GME issue and tweeting deleted clips from MSM that APES FOUND. + +Lets just take a moment to grasp just how much power we do indeed have over this situation. Im not saying we are the center of the universe but holy shit does it feel like everyone is talking to retail as much as humanly possible. + +**There any bored apes out there wanna draw memes of everyone crowding around one monitor of superstonk?** + +(original post got removed for reasons) +Bought my first rental property over the summer. + +Info: +Purchase price 180k +25% down +Repairs and updating 15k +Total cash in 67k took a few months to get the place fixed up + +House across the street in similar condition and smaller just sold for 275k + +Listed the place over thanksgiving week. Had approx 200 inquiries and had both units rented within 4 days. + +Upper unit 975 a month +Lower unit 1225 + +Monthly cost taxes insurance and mortgage are currently 870. This will go up significantly when city takes the property out of homestead. About an extra 150 a month. Property has some deferred maintenance so the first few years we will need to save more of the rent towards replacing driveways and siding. Both are functional but at end of appearance life. Approximately 10k total to replace both. + +I think this property works for us in terms of return on investment, I saw a bunch of rules and other info about how to analyze a deal, but at the end I just ignored all that and looked at it this way am I significantly better off financially. Our 67k would return approximately 500k after 30 years in the stock market with average returns. This place will return around 1.5 million over that same 30 years. This is also assuming reinvesting profit and avg returns in the stock market. + +We make decent money (around 200k) so don’t really need the income, but it’s fun to try something new. +Sort by new for 2 seconds. The number of identical Z1P posts getting removed today is off the chart. It means we end up deleting 10 posts with 5 comments each, when really you could just say your shit in another post or the daily thread. + +&#x200B; + +A decent quality Shitpost is different. But if you have fuck all to say, then just say it in the other post that has fuck all to say. +G'day cunts. This is just a brief post I want to use to give you cunts an understanding of the potential of a true Uranium bull run. To understand the thesis of why this may occur, I'll point ya to my counterpart /u/calculated-punt's [excellent posts](https://old.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/) that made me throw all my chips on the table. + +The formula for a Uranium company is relatively straightforward. + +1. Find land with Uranium in it. + +2. Wait until Uranium becomes profitable to mine. + +3. Secure a fixed long term contract to mine Uranium. + +4. Profit $$$ + +Now step two has been where the industry has been stuck essentially since the Fukushima incident occurred in 2011 and demand for Uranium plummeted. However, with a covid induced supply shortage and demand increasing beyond previous forecasts, the picture is changing. Furthermore, the Canadian investment firm Sprott has recently begun purchasing Uranium on the spot market essentially to corner it and drive up the price. [You can see the dramatic effect on the spot price of Uranium here](https://tradingeconomics.com/commodity/uranium) + + +So what can we expect if this plays out to perfection? Well lets take a look at Paladin Energy during the last bull run (ASX:PDN). For this run, Paladin started as a sub $100m MC junior producer yet to pop its Uranium mine cherry, maturing into a full fledged multi-billion dollar production. Lets take a look at some numbers to see how this journey plays out according to the Uranium Spot price. + +[**Here is PDN's performance over the last Uranium Bull run**](https://i.imgur.com/rEhFGwH.png) + +Key things to note + +- PDN went from $33m to its relative peak of $3.696b in three years, a >100x jump in size. + +- The Uranium spot price moved from $18.05 to $120.07 in the same time period, only 6x. This shows you how these companies are effectively leveraged to the spot price, and movements in the spot price are so critical. + +- In the final year, we had a -54% decrease in spot price, but only a -7% decrease in Market Cap. This shows the power a long term contract yields, if a company can successfully "lock in" the high price, you're protected. + +- Shares outstanding went from 288m to 608m in four years time. It is not cheap to build a mine, and issuing equity is the usual way to fund such an operation. Don't expect your share performance to match the market cap growth as you will be diluted. + +- A three year cycle rewarded the patient/prescient investor with a 6473% return. This is not a day trade. + +So where is the market right now? I've repeated the same exercise comparing Market Cap to Spot Price for a different Uranium company, one that happens to be in an awfully similar position to the old Paladin Energy. They even have the same CEO, John Borshoff, who has tacked on a bunch of his old management friends from the first Paladin bull run. + +[**Here is the current state of DYL, with a basic forecast**](https://i.imgur.com/2sVcm2V.png) + +I haven't done anything too special here, just pasted over the previous Y/Y growth of the spot price and market cap to give a sense of what could be possible. I think the $300m MC as of 5-Sep-21 does line up quite nicely with the $338m MC of PDN on 30-Jun-05. Following a similar trajectory, we might expect a >$7 stock price in two years. + +So what could go wrong? As always, Past performance =/= future results. This is a best case scenario. There were other Uranium companies in a similar position to PDN, but failed at some stage towards becoming a successful producer. Here are some of the unanswered questions that are "priced in" to the market as uncertainty. + +- Will the spot price hit extreme levels? + - Sprott has given us a solid start, but it remains to be seen if this is temporary. If the spot price continues to rise, our favorite companies will too. +- Will the new mines be able to successfully produce Uranium? + - Getting uranium out of the ground is by no means straightforward. Our most memeable junior PEN is trialling an In Situ (IS) method where they essentially "drain the ground" with acid and collect the Uranium that floats out. They've been having a little trouble getting the pH to suitable levels, but if they can pull it off they will have a cheaper method than most. We will see if PEN IS will work. +- Will the new miners be able to secure the contracts? + - Contract bidding is no fun game, there will be both winners and losers that determine profitability. +- Are we dumb enough to Chernobyl ourselves again? + - Public opinion on nuclear power is fickle at best. If another major nuclear incident occurs, the party is over and its a race to escape out the front door with positions. Expect a -50-80% crash at the next opening if this occurs. Every cunt for himself. + +Now for some honesty. I'm a fucking amateur with no experience in evaluating how well a mine is likely to succeed. +Therefore I've pulled the /r/ausfinance cuck strat and diversified. I have positions across five different "virgin" producers [(BOE, BMN, DYL, LOT, PEN)](https://i.imgur.com/tw2goEv.png) to protect against my own ignorance. I have no way of truly knowing whether this could be our second bull cycle, but here's hoping. + +One last thing before you cunts get mad at me for FOMOing on a green day and watching a plunge. Courtesy of /u/riDDDiK1337, [here is the performance of an American company Energy Fuels (UUUU.NYSE) across the same bull cycle](https://preview.redd.it/ce8alheclql71.png?width=1024&auto=webp&s=5de58c85b94a6db999c94088306769a5592f17e1) + +In 11 months, it was a 50 bagger. However, there were five "corrections" along the way with short term drops of -30-50%. If Friday was when you FOMO'd in, don't be a salty bitch about it if we plunge -30% across the next month. Volatility is part of the game. During a true bull run, this represents opportunity. Try looking for good entries to save yourself psychological issues on those days. +https://www.bloomberg.com/news/articles/2019-10-16/americans-now-need-at-least-500-000-a-year-to-enter-the-top-1 + +1.43 million US taxpayers made that cutoff, wonder what percent of us here do too? +I found out about Bingus whilst going down the Twitter crypto rabbit hole, and within seconds of seeing that they were supporting animal charities[,](https://imgur.com/gallery/poMuchN) I knew I wanted in. I made my first investment when the price was $0.000003, that was 9 days ago, and as I write this the price is currently $0.000014 which shows **incredible growth in just a short space of time.** + +Enough about the financial side of Bingus, I'm here to talk about what sets Bingus apart from the rest. My tagline reads: “Crypto; I came for the money, I stayed for the animals and the family I found in Bingus.” + +I've invested in several coins in the crypto world, but for me none of them ever felt right. I was backing them purely for financial gain, however with Bingus I'm backing them for the project, and that's what this is; a project born from love of animals. To date they’ve made **7 donations totalling around $30,000**. Knowing that with every dollar spent on Bingus will directly benefit an animal gives me such a warm feeling. Every time the main dev MJ shows proof of a charitable donation on behalf of the Bingus family, I can't help but feel proud knowing that I'm a part of the reason why these animals got help. It's been a dream of mine since I was a young child to one day own a huge farm where I provide a home to rescue animals, with Bingus not only do I fully believe that they will make this a reality for me, I also know that in the process they'll be doing the work for me until I'm able to do so, and they'll continue doing that work no matter what may come. + +When I call Bingus a family, I'm not being hyperbolic. I have never been a part of a crypto community that cares so much, that helps each other so much. Our Telegram group has 3.1k members, yet it doesn't feel suffocating. Nobody is in there to spam telling you that you must buy, nobody is in there acting superior because they've invested more in the coin than you. Everyone has a voice and that voice is heard by the Bingus family. The **doxxed dev MJ** has a chaotic professional life in film and TV, yet he will always find time to check in with us all along the way, keeping us updated with every step Bingus takes. Another project leader **Kyra is also doxxed** and has roots in the entertainment industry in LA having worked for one of the biggest talent agencies. AMAs both formal and informal are commonplace and he always responds to community questions at all times of day. As well as Twitch streams! Their passion filled video messages have become a part of the daily routine in the Telegram group, and this dedication and transparency is why I feel safe with $Bingus no matter what happens. + +With a current market cap of just $12 million, there's infinite room for growth. Don't be that person who in 2 years time tells their friends "I could have bought Bingus at fractions of a cent". It’s like Doge but with a purpose, and celebrity endorsements that aren’t ironic. Hop on board the rocket before it's too late, and if nothing else just know that you will be improving the lives of many animals. If you're looking for a quick profit, a pump and dump etc, then $Bingus isn't for you. If however, you're looking for a long term project that makes a real lasting impact on the world by helping animals, then Bingus is the perfect project for you. Almost everyone loves animals, almost everyone loves making money. Why not combine the two and come join the Bingus family. And if you don't want to take my word for it, then take the word of **Michael Rainey Jr.** who will help Power Bingus to the next level. And if that isn’t enough we also have **Rocky Kanaka** (Netflix star), **BBno$** (rapper and hip hop artist), and **MoistCr1TiKaL** (huge twitch streamers)! + +**I look forward to seeing you join the Bingus family!** + +**Token Links** +============== + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + +**Social Links** +============= + +[Telegram](https://t.me/bingustoken2official) | [Telegram News & Announcements](https://t.me/bingustoken2official) + +$Bingus on Reddit r/BingusFinance + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +**Charity Donations** +================ + +Donation 1 (**$350**) [Wright-Way Rescue](https://imgur.com/gallery/fKuZQoQ) | +Donation 2 (**$1000**) [Forgotten Animals](https://imgur.com/gallery/quIDx6z) | +Donation 3 (**$3000**) [Reversed Rescue](https://imgur.com/gallery/lLlKTzQ) | +Donation 4 (**$2500**) [Jersey Animal Rescue](https://imgur.com/gallery/njxAINv) | +Donation 5 (**$3000**) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | +Donation 6 (**$10,000**) [The Real Bark](https://imgur.com/gallery/kJ9M4Ya) | Donation 7 (**$10,000**) [Hope for Paws](https://imgur.com/gallery/H8FfkJo) + +**Endorser Links** +================ + +**Michael Rainey Jr** + +[Power](https://m.imdb.com/title/tt3281796/) | [IMDb](https://m.imdb.com/name/nm3691729/) | [Instagram](https://www.instagram.com/michaelraineyjr) | [Twitter](https://twitter.com/michaelraineyjr) | + +**Rocky Kanaka** + +[Save Our Shelter](http://saveourshelter.com/) | [YouTube](https://m.youtube.com/c/rockykanaka/videos) | [Rocky’s Website](https://rockykanaka.com/) | [Instagram](https://www.instagram.com/rockykanaka/) | [Twitter](https://twitter.com/rockykanaka) | [Facebook](https://www.facebook.com/rockykanaka/) + +**BBno$** + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | [SoundCloud](https://soundcloud.com/bbnomula) | [Twitter](https://twitter.com/bbnomula) | [Instagram](https://www.instagram.com/bbnomula/) | [Facebook](https://www.facebook.com/bbnomula/) | [Reddit](https://www.reddit.com/r/bbnomula/) + +**MoistCr1tikal** + +[Twitch](https://www.twitch.tv/moistcr1tikal) | [YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | [Twitter](https://twitter.com/MoistCr1TiKaL) | [Instagram](https://www.instagram.com/bigmoistcr1tikal) + + +**Charity Links:** +============= + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) +I need to code an algo and I want it to be faster as possible. +Basically I need to receive trades data from the Exchange, calculate a bunch of indicators and forward trades. +Is it worth it to learn C or I can just stick with Python? + +Any suggestion is welcomed. I don’t really know much about C, so “Please, speak as you might to a young child, or a golden retriever” +There are 3-4 posts trying to connect the perceived increase of this to some kind of hedge fund activity. + + +Look it up on https://coinmarketcap.com . It tells you which exchanges offer the coin, where the volume distribution is, and the price at each. + +The three exchanges are 1. BKEX 2. AOFEX and 3. DragonEX. + +Right now, 100% of the volume is listed on BKEX (earlier, when the posts first came in, it was 99.91%) The price on that exchange is currently $4.71 + +There was a trade on DragonEx to artificially reflect the price as $3,231.67. The real price is $4.71. You can look this up yourself at the link I posted above. + +This will be my last post/comment here. The stuff like this being accepted and promoted without being fact checked is a problem, (especially if you understand misinformation campaigns) but really, it’s because when I reveal a truth like this, I’m called a shill, told to suck hedgie dicks, and downvoted by everyone who sees it. + +I except the same treatment here. Posting the truth when it’s contrary to the bias has become a threat to the people here. And for that reason, I’m out +It’s clear that the vast majority of people know that personal finance is important and if there is any demographic that needs to know about it, it would be the youth. But why isn’t it taught at schools? I know some schools have a small personal finance program. But why isn’t a commonplace in all schools? Has there ever been a state-wide or nation-wide program? If so, why does it no longer exist? +I work as a manager at a small business. I oversee two privately owned wholesale stores. I have a high school education as well as a trade license in the field of which we sell said wholesale items. I currently make 17.50/hr. I currently start my employees at $12.50/hr. On December 31, 2018, this worked fine for everyone involved. + +But, on January 1st, 2019, the minimum wage in my state just went up 20% from (roughly) $10/hr to (roughly) $12/hr. As a result, all of my employees who were making $2.50 over m.w. now make 50¢ over m.w. and feel they should get a 20% raise, as they feel they have more responsibilities than someone working a minimum wage position (and I agree). But if the owner was to give them all a 20% bump, I would feel that I too would be entitled a 20% bump as I feel I have a lot more responsibilities on my shoulders, than my employees do, and if I could have 1/3 the responsibilities at 4/5 the pay, I would prefer the demotion (be it at my company or elsewhere. My employees have the same argument). + +Here’s the kicker, low and behold, the owner of my company (and the only person over my head) can’t afford to give everyone a 20% pay bump. If he were to do so, it would require him to raise the price of our products to make up for the increased overhead. Doing so would give our competitors a significant edge over us, and we would likely lose customers, lose money and have to lay off staff. + +However, I can only assume the management and employees at our competition (which is corporate, not private) are likely all feeling the same way. So, if the corporation we compete against, raises their wages, and thus raises their prices, we would be able to do the same, and everyone in my circle would be happy! But the customers of both our companies wouldn’t be. And since their livelihoods require the products we sell them, they would have to raise the price of their products and services for the end consumer. Now, the end consumer (some of which are minimum wage workers) have to spend more on the same products and services they were already utilizing. And because this doesn’t seem specific to just my industry, but to every employee, product and service across the board. Moving thru the economy, it continues landlords now spend more on upkeep/repairs on buildings as well as any included utilities, which they now roll into rent, raising the price of rent, for which they’re unconcerned because they have noticed an increase in the income on prospective tenet applications. So all in all, it seems like the raise the minimum wage workers received is now being spent on the margin that was created by the raising of minimum wage. + +I know I’m simplifying but I feel the point remains roughly the same. +Am I wrong? Or does increasing minimum wage just accelerate inflation? + + +TL;DR It seems that increasing minimum wage just accelerated inflation and effectively undermined the increase in wage. + +Note: I said a raise of 20%, if we instead look at a $2/hr raise, the change in the amount is negligible at this pay rate, and the point remains the same. + + +A quick background: I don't know if I have a defined moral philosophy, per se, but one of the things I try to do when faced with a question of morality is ask myself two questions: "would taking this action result in more positivity (or at least a greater reduction in negativity) than any other action?" and "would the world be a better place if everyone believed and acted on this philosophy/mindset?" + +To the latter, I noticed that a lot of my libertarian friends often end up arguing that people should just start their own small businesses - it really doesn't matter if we're talking about economics in general, or if we're discussing the moral value of the actions of certain corporations...it always comes down to the fact that people should just work for themselves and not depend on someone else (especially a large, multi-national company) to fund their lifestyle. + +The thing is, I always find myself thinking, "there's no way that would be sustainable, or at least healthy for economic growth." I suppose it could cut out the influence of greed and corruption if every industry had hundreds of local options, but I feel like innovation and economic strength would be a massive sacrifice if the world operated this way. + +&#x200B; + +I'm very interested in hearing thoughts about this from people with more knowledge in this area than me. + +TYVMIA for your input! +Looks like some entrepreneurs are taking advantage of the fact that COVID has caused a lot of future evictions. + +[https://civvl.com/](https://civvl.com/) + +Source: [https://www.youtube.com/watch?v=-Jfj4QvPmn8&ab\_channel=TheHill](https://www.youtube.com/watch?v=-Jfj4QvPmn8&ab_channel=TheHill) +Citadel AKA Shitadel, etc. + +Ken Griffin AKA Kenny, KG, Mayo Boy, etc. + +Fidelity AKA FUDelity, etc. + + +If apes do not use the correct spelling this will only muddy the water or diminish the spotlight on these people of groups. This is due to SEO(search engine optimization). + + +You better believe Ken Griffin the illegal short seller of Citadel Securities doesn’t want the spotlight on him or his organization. When apes post, they must remain focused on utilizing correct spelling in order to keep the spotlight and search trends full throttle on Ken Griffin the illegal short seller of Citadel and his illegal trading practices on GameStop and GME. + + +Not naming them only helps shills hide what apes have discovered in their DD. Let’s help r/superstonk get the attention it deserves by being clear and concise in naming market makers and their illegal practices. +Currently holding APT shorts since mid 30s. Willpower is fading. Predictions on how APT will run next week? It seems immune to all negative news and jumps on absolutely no news - planning to cut losses when we get a small dip to early 40s. Should I wait for dip or let go asap? +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) +I get that this is another shady sales tactic for agents to have to get your details on file if you want to know what a property sold for, but doesn't it seem dodgy as hell for them to be able to only disclose the sold price of 'good' sales? + +Feels like it's about time for a Royal Commission into the real estate industry at this point imo, so much dodgy stuff still goes on... +Hi Stonk, I will be happy to respond to your request below; + +&#x200B; + +>... for our Euro ape friends, many are still hitting resistance from their brokers on voting - can you provide maybe 5 bullet point steps they can do to maximize their voice and rights? Something I can post that really drives home the concrete measures they can take? + +&#x200B; + +First. I want to make clear to the Euro apes that Europe is way ahead of the U.S. in many important corporate-governance matters - like Internet data-privacy rules, gender diversity on corporate boards and, especially, on the need to buy-in shares to settle fails to deliver. But yes, when it comes to European, and Asian-country performance too on voting U.S. shares, many of their systems and procedures are highly convoluted, confusing, creaky, leaky and smelly - and often "fail to deliver" the votes in time for Shareholder Meetings. Extra attention to "proxy plumbing" is required - as it is here in the U.S. too. + +&#x200B; + +**Here are my tips to assure that our votes will indeed be recorded at Shareholder Meetings. And please note that many of the tips are equally applicable to U.S. holders who find their votes lost in limbo, whether accidentally or by design:** + +&#x200B; + +\* First, make sure that you did indeed own the shares on the "record date" for the Meeting - per the confirm brokers send when you buy shares through them, and which proves you are a share ***owner***... + +&#x200B; + +\* If you *are* eligible to vote - and have not received proxy material and a proxy card or "voting instruction form" - call your contact at your bank or broker immediately to demand that these voting materials be sent to you by overnight mail. (Unfortunately, your "contact person" - and his or her contact persons too -  whether in Europe or in the U.S. - typically know NOTHING about proxy plumbing - much less who to contact within their company to get the job done. So be prepared to persist - and to "make noise" until your legitimate demands are met. \* If you are told that you are ineligible to vote because your shares are in a margin account - as some apes have apparently been told - cancel the margin provision if you can, and demand the voting materials. (You can also move your account to a better-equipped broker or bank, as many apes say they've done, but you'd need to do it before the record date.)  + +&#x200B; + +\* I noted that several commenters suggested demanding a stock certificate - which, if you can accomplish this before the record date, would make you a "registered owner" - and *much more likely* to get the voting materials you are entitled to. But, sad to say, in addition to the timing issues, most brokers charge exorbitant fees to send you a stock certificate ($50 to $300 or more) - supposedly to "cover their costs." But this is a highly automated process so their rationale is basically BS - and is designed to literally ***lock you in*** as a "customer." + +&#x200B; + +\* There IS a way around this too - and a better way - IF you are prepared to persist - and that is to instruct your bank or broker, or custodian to "DWAC" your shares to the transfer agent, which will literally "De-Whack" the barriers to voting. Most brokers will play dumb - and sometimes BE dumb - but this system is widely used by brokers to receive shares that are sold upon the exercise of stock options - so whack away at them until they do as you ask. + +&#x200B; + +\*\* I tried hard to keep my tips to five, but there is yet another set of proxy plumbing issues that make it well-nigh impossible for many share owners to vote on time; In the U.S. we adopted a "Notice and Access" system that permits issuers to send you a "Notice" about the upcoming Meeting - but which forces YOU to drop what you are doing and go to a website to see the material - and then, typically, to go to another website to vote. So be sure to be on the watch for these "Notices" - and to follow through if you want to vote. Also, there will be information on how to assure that you will always get paper copies of the materials mailed to you if you insist - and as you have the right to do as a share owner. + +&#x200B; + +Always remember: **"VOTES HAVE VALUE"**....   Carl  + +&#x200B; + +🚨[Words of Action: “That’s an injustice in itself, that we’re letting hedge fund managers and speculators and gamblers run away with our electoral system, at the expense of our customers and our boosters and the people who keep us alive as a company? So I say ... you got to toughen up. “ -Carl Hagberg AMA ](https://www.reddit.com/r/Superstonk/comments/nb36ig/thats_an_injustice_in_itself_that_were_letting/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf) + +&#x200B; + +🚨🚨 [EDIT: Read the Full Transcript and Digest for Carl Hagberg’s AMA here!](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf) + +&#x200B; +hey guys . saw a post asking what happened to me and im just giving yas an update and lettin yas know im still here increasing my position every week and holding :) ive also voted + +deleted the post for privacy reasons as i realised that in my heightened emotional state and excitement at so much interaction and messages i may have inadvertently revealed a bit too much personal info in the comments for me comfort and also i usually delete almost all my posts at some point no matter how big they get . its just what i do + +im honored that my post reached top of all time at 1 point + +mainly making this post coz ive seen some confusion/speculation among my fellow users as to why i deleted the post with some theorizing it was fake . i def understand how the post would have come across as fake to some especially after it being deleted . also coz i was so casual and memey about it but thats just me having thick skin and being able to laugh at bad situations + +and i fully agree with being skeptical of things you see online but im here to give my personal assurance that the post was indeed authentic . + +TO THE MOON APE BROTHERS!!! + + +$CRYPT: A cryptocurrency-oriented NFT platform. + +Heard the news yet? A new community coin just dropped and we’re ready to take it to the moon with a strong and experienced team! + +Cryptonaught ($CRYPT) is a community-driven and fully decentralized cryptocurrency with a hard cap of 1 billion hard cap! Now this token has a lot in store for you! There is a 2% tax on every transaction to make it deflationary, 1% for you naught HODLERS and 1% to our liquidity so you never run out of naught. + +Today is the perfect chance to go buy it and hold until it reaches greater heights! Why? Because Cryptonaught is not only a community driven token it’s a community driven token with huge potential! Oh and it's been live for just a few hours, with already 400k market cap! + +A NFT marketplace platform for meme coins, to commemorate the crazy events of this year. Our first concept NFT is below (Dogecoin) with many more to come. + +Common Q&A + +"Why no burn?" + +Burn is not needed as we have a small supply and we've already burnt 10% of our total supply with $CYN before the airdrop - the prior contract was not what we wanted it to be and we have spent a long time rebooting the whole project since we believe in it. + +"When will marketing be done?" + +Within a week or two! We have planned out with Youtubers, Redditors and Tik-Tok users for our promo vid! + +"Is the liquidity locked?" + +Yes. The reason for a 2 month lock is because we have plans to potentially list on an exchange in the near future, and it will be relocked after. + +If you have further questions feel free to join the Telegram. + +You can buy from PancakeSwap. + +Contract: 0x1ad7dbe0d521ca1ae72decc06f1570aa43c781a2 + +Discord Link: tBewpFKaqg + +TG: cryptonaughtt + +Twitter: Cryptonaughts\_ + +Website: cryptonaughts dot finance + + +Project looks super solid, team has lots of plans for further marketing, new aspects. Very exciting. +I usually don't post on here, but I needed to have some advice. I am 23 years old and live in Arizona (Southern Phoenix area.) Currently, I was recently promoted I used to be making 50,000 annually. My current income is $60,380.00 annually. + + I have no debt and finally was able to get my first credit card after years of soft declines for Identify theft. Throughout the years I didn't have enough documents at the time so had to wait until w2s and credit bureaus reflect my current address. +Here is my financial information: +Savings: 22,000.00 +Checking: 2,150.00 +401k: 7,500.00 +Stocks: 600.00 +Credit Card Limit: 3,800.00 available limit 3732.00 +Now, with my amount I thought I would be able to sustain living, my apartment currently is going to raise up to 1600.00 which I can berely afford. Due to limited credit or lack of credit, I am unable to buy a house at this time. + +After looking around place to place (and calling dozens of apartments), I feel like I can't afford anywhere or because of limited availability, I can't find a place. What are suggestions? +Without any notice I see tax charges, automatically charged. + +&#x200B; + +It counts my split shares as gains and charges .... + +&#x200B; + +Total fuckery ... I am now 100% convinced that the system is now totally fucked. + +&#x200B; + +Holy fuck....what a shitshow, even in Europe + +&#x200B; + +edit: i provided MOD a proof +You actually inspired me to get off my ass and start jogging 741.... Yards.... after like a decade of almost no physical exercise. It's been about 3 weeks now and my lungs went from holy hell burning in the first day to tempered and resilient. Moass will be amazing but you know what money can't buy? Healthy lungs, a good metabolism, a skinny waistline. Thanks for inspiring me and reminding me that even though money will solve 90% of all the problems I have in life, jogging will solve the other absolutely crucial 10%. Keep on keeping on fellow ape. + +Edit 1: I didn't expect this to gain that much traction. Just wanna say I love this community. You've given a black pilled cynical bastard hope. Hope that the future isn't as bleak as I had believed when I bought my first share on Jan 25th, 2021.. My momma's birthday. I've always held the belief that power and wealth would always become more concentrated and centralized and it has caused me great distress. But this group of less than 1 million people from all walks of life in every continent have joined in solidarity to say: We will not be slaves. Slaves in cages called jobs. Slaves who have to request time off only to be denied. Slaves who can't afford property. Slaves who get lied to daily by the politicians and talking heads on television. Slaves who will be forced to eat crickets. This was the future that was destined for us if they had their way but we said no... We like the stock. Not only for what the stock now is with all of the beautiful web3 potential but for the idea that the stock stands for 800,000+ apes who wear the mask of anonymity who hold onto an idea.... + +“Beneath this mask there is more than flesh. Beneath this mask there is an idea, Mr. Creedy, and ideas are bulletproof.” + +Freedom, liberty, personal improvement, self sufficeinecy, brotherhood, good will, benevolence, doing good for all mankind. + +I truly believe now... That no power on earth will ever have such dominating force that these ideas will be silenced. + +Thank you apes, from the deepest depths of my heart. I am 99.95% DRS. I kept 5 shares in fidelity because I need to sell them to pay off my house.. My home... That is currently on the market because GME means more to me than the garden in my backyard. I stand with you... more than I stand for myself. + +With much love, + +-Nate +I'm not asking this as a Gotcha moment I'm asking cuz I don't know. + +I also see ETFs mentioned a lot but I don't know what those are yet so didn't mention them. + + +I talked with my father about this who is fairly investment averse since he's just a bit busy, and from what I got bonds are the most reliable but he also admits bonds are generally slow and boring, and if the market picks up again the interest rate might get left behind, making the bond a financial drag. So what can you do when things are on a downward trend? + +You can probably guess I don't really know what I'm talking about, so any terminology might need a website referral for me to read up on like investopedia. +Yesterday I got some questions about Private Banking and I wanted to provide more information, as it seems there are some real misconceptions. Along your fatFIRE path, you will probably ask if private banking is right for you. Here I will outline the benefits and why they don't apply to most people, even most people with 10MM+ in assets. + +First, I want to separate private banking from "private client" services which are basically "premium economy" bank accounts and are targeted at mass affluent folks between 250k-1MM in assets. Frankly, the benefits of these are near useless as you can get them at Ally/Schwab: free checks, atm reimbursement, "better" rates which are still worse than Ally. I see no reason to use these services. People are suckered into them by perceived exclusivity and wanting to feel better than others, as if they are "premium." Don't fall for it. + +Private banking starts at a minimum 1MM but is more likely to be 5-10MM minimums. There is some fuzziness on this for young people with high earnings potential, the descendants of clients, and those who work at firms with special relationships to the bank (like me). Banks make a lot of money off of these accounts and you are likely to receive below market returns due to fees (typically 1% of AUM). As a result, the only reason to use these services is because you need loans that require a special relationship with a bank. + +Here are a few examples: +-You want loans for rental property. The bank will offer below market rates and will typically approve the loan within 1 business day. +-Complicated commercial loan structures that are unusual or require special consideration +-Loans against illiquid assets, such as art, family business stock, stock in a pre-IPO startup. + +These are things a small bank or credit union probably wouldn't do. Another advantage is that they will administer trusts for you and are probably less likely to steal everything than an independent trustee. Some people like the JP Morgan special credit card, the exclusivity of it and the cool perks on it, but to be honest this is a really dumb reason to pay a 1% AUM fee. Lastly, you get access to private equity and REIT investments you wouldn't have otherwise. I don't believe these are particularly useful either. + +The negatives: +-AUM fees +-Fund options may not be as good as vanguard/fidelity etc +-Sleazy bankers. + +The last is the worst. Wells Fargo (of course!) recently were found to be steering their private banking clients money to proprietary, high-fee funds that had below market performance. When I shopped around for a private bank, I told them I wouldn't be investing in any proprietary funds and got shoved out the door at several places. + +I no longer use a private bank as I had no need of these loans anymore. It should be clear these services are not useful to most people, you're just getting bilked for fees. I hope you have found this guide useful and it has helped your FIRE be fatter. + +TLDR: The point of private banking is having a close relationship with a bank. If you aren't going to use that relationship, don't pay for it. +Level zero means no idea about bank accounts, some idea about FD, something heard about SIP and that is it. + +Otherwise, the person is a well-earning professional, protected by parents (who are also likely to have not so great ideas about money management, otherwise they would have educated him. The ideas of ‘buy your house first’, ‘real estate is the best investment’, ‘FDs are the best, particularly when you buy them in your parents’ name because it saves tax’, ‘gold is best’, etc.). + +So, let’s start with the most basic question. Why do you earn money? Why have you studies so much (12+3+2 or 12+4+/-2, I have added MBA level to a graduate or engg graduate). In short, 17-18 years of studies. Plus add 2/3 years of working. And yet, there are not equal minutes to have real read and understand how to manage all that money that is being earned and will be earned. + +We earn money as professionals, because that is what we have been trained to do by our parents, peers, society, etc. That is what has been passively shaped by everyone around us, but not really by us internally. So, they give us ideas about how to get a good earning career, how to have a good CV to get to a good company, how to shape our personality, etc. And then how to save or invest, etc. Everything passive, bombarded by messages from all around us. The result is if someone asks us anything about it, we even feel proud that we don’t know anything about money management. <that really sucks, to be honest> + +Secondly, since we don’t know anything about it, and when we are starting to really dip our toes in this vast ocean of information about money management, it is scary. **It becomes, since I don’t know what to do, I will do nothing.** I will keep kicking the can of doing something down the road, till either someone comes and shows me carrots and gets me to put my money somewhere and be done with it or more kicking or I see one of my friends who is financially savvy to get expensive things (car, house, vacation, whatever). Till this time, the money earned remains in the salary account (personally, I have seen 6 years worth of earnings in the savings account – amount 24L). + +**“If you want to buy things you want, you have to save”.** This was my first lesson in savings and investment, after I had studied and worked for a total of 22 years! + +In this writeup, I will just be *writing about someone who has got some amount but don’t know how to start managing it.* Rather than someone who is about to start. + +**Bank Account:** The earned money is sitting in the savings account and earning a measly 3.5% (tax free up to 10-15,000 – whatever govt has limited, as such the amount is small). However, the money is relatively safe. Relatively, because in today’s world of online banking and debit cards, the risk is non-zero. + +So where to start? + +Let us first understand some basics: + +**Savings Options** are FD/RD (sorry didn't realize RD=recurring deposit), NSC (national savings certificate), PPF (public provident fund), private companies FD (like Shriram finance, and others) and mutual funds categories which deal with savings papers (also known as debt papers). + +All these are called **Debt instruments.** Basically, you give your money (called principal amount) to the other party (govt, bank, private company), and they promise to give a certain percentage of returns over and above the principal amount. So, you give them P (principal) and then give back P + I (principal and interest) after a period of time. + +An example of FD: you give the bank 10,000 today. And the bank promises to give you 10,000 and 7% (700) after 1 year. + +An example of RD: you give the bank 1,000 every month, and the bank promises to give you 12,000 (1,000 x 12 months) and around 400 additionally as interest. Only back of the envelop calculation. + +Moreover, you have to pay income tax on those 700 and 400 rs. So, just really understand how difficult it is to earn money on the savings amounts and which when subjected to tax, comes out to how little. In this case, if you are in 30% bracket, then you are getting only 490 and 280 rs finally, after you have saved that amount of money for 1 year. + +The corollary is since you have not been investing at all, you are not even getting that amount till now. Not even those measly 490 and 280 even all these years. + +I will just cut short the other options, because they are as pathetic for someone of your condition. + +**The “best” option right now to move that money out of the rut is to put majority of money into a liquid mutual fund.** + +Why that thing? Because they are: + +· Diversified – basically, they keep money into a large number of different areas, so that if one area goes bad (recent news IL&FS), then all your money is not in jeopardy. The more diversified the money is kept, better is the protection (a general rule). + +· In general, you earn more than FD, both in terms of interest as well as with less tax, if you keep the money in there for >3 years. + +· Third and most important, the money withdrawal is flexible. You want to remove 5,000 you can. You want to remove 1 lakh, you can (of course, you should have more than 1 lakh invested). You want to remove everything, you can. + +· Negative thing: you will receive money only the next day if the amount of big. For smaller amounts (<50,000 rs), they have facility of instant redemption, which is a good thing). + +**Solution:** so, for that 24L person, I advised him to keep 3 L in savings account (he had been seeing that huge amount in his account statement, so just could not ask him to remove everything. It would have been a shock to him), keep three 1L FDs of similar maturity and rest 18L in *Franklin Templeton’s liquid fund*. (I am giving the name here, because there are so many options in that category, that it again causes action paralysis of which one to choose). Other one which I can recommend is Parag Parikh liquid fund (because I like their other offering of equity fund and because they have put their money mostly in the RBI papers). + +From freefincal’s Plumbline (I trust his analyses), Quantum’s liquid fund is a good idea. + +&#x200B; + +This was Step 1. Depending upon the interest, I would add Steps 2 and 3. Feedback please. And thanks for reading. + +[Step 2 is here](https://www.reddit.com/r/IndiaInvestments/comments/9lusap/for_someone_who_is_absolutely_at_level_zero_in/). + +[Step 3 is here](https://www.reddit.com/r/IndiaInvestments/comments/9lyeye/for_someone_who_is_absolutely_at_level_zero_in/). + +[Step 4 is here](https://www.reddit.com/r/IndiaInvestments/comments/9lzdcb/for_someone_who_is_absolutely_at_level_zero_in/) +Warning: The following post is **speculation** on how a swap is being used against GME. + +**TL;DR: I am attempting to explain how popcorn is being used as a SWAP with GME. More specifically, popcorn is possibly being used as collateral for a short position of GME held by a third party who actually owns the short positions, and the hedgies are profiting/losing daily based on the performance of the swap. Why is this important? Understanding the process provides us a way to gauge how much we are winning the war against GME shorters through TA. In addition, and completely unrelated to GME apes, this has DIRE implications for popcorn holders.** + +In the past, there have been a few great DD posts that talked about swaps, popcorn, and Berkshire. Here is one of the first DD that got me asking questions, [THE POPCORN / BUFFETT HEDGE: A Weapon of Financial Mass Destruction](https://www.reddit.com/r/Superstonk/comments/uhs0x1/the_popcorn_buffett_hedge_a_weapon_of_financial/) by u/Digitlnoize + +Also the recent swap post on Twitter by ShillWhisperer: [https://twitter.com/ShillWhisperer/status/1530623185229586432](https://twitter.com/ShillWhisperer/status/1530623185229586432) + +It sounded good, but I wanted to know exactly HOW the swap worked and how popcorn was being used. So I started digging. + +# What exactly is a swap, and how is it being used against GME? + +There are actually [several kinds of swaps, per Investopia](https://www.investopedia.com/articles/investing/052915/different-types-swaps.asp), and they all work slightly differently and serve different purposes. + +**Credit Default Swap**: The ones made famous from the 2008 crash involving the housing market/bonds made famous from the Big Short movie are 'Credit Default Swaps.' These act as buying insurance on an asset that you don't own. Every month you pay a fee, and if that asset blows up, you get paid even though you didn't own the underlying. + +**Commodity Swap**: The ones that veggie growers and other physical goods traders use to hedge against volatility and uncertainty are 'Commodity Swaps.' I think this is what a lot of apes may think how popcorn is being used, as a "hedge" against GME, that if GME goes up, hedgie losses are offset by the gains of popcorn because they have swapped losses/profits between the two with another party. I personally don't believe this is what is being used against GME. + +**Total Return Swap**: **Lastly, the one that makes the most sense to me and if there is a swap in my opinion it can only really be this swap, is the Total Return Swap (TRS).** In this swap, one party Hedgie A, can take on a short or long position on an asset without ever shorting or holding the underlying. They go to Bank A (or possibly Broker, or maybe a Family Fund?) to do the actual shorting, but Hedgie A pays them a daily fee (low risk) to receive all the benefits or losses of the position. So if there is a profit in the position, Hedgie A receives a paycheck from the entity holding the position, which would be Bank A. If there is a loss on the position, Hedgie A then writes a check to Bank A. In order to hold this long/short position, Hedgie A must provide collateral, and that is where popcorn comes in. + +**Why would they use a total return swap to short instead of just directly shorting?** + +As I understand it, the advantage of a TRS that they can get leverage, and also keep the shorts hidden, because swaps are unreported (a private contract between parties). + +Also, be aware that the Total Return Swap is what Bill Hwang used to hide his long positions. [Here is a great video on YouTube explaining the entire process and how Hwang did it.](https://www.youtube.com/watch?v=JfPtabPipaQ) + +Now, I can't confirm 100% that this is what hedgies are doing to short GameStop, but I have a few other data points to back up this suspicion. + +## Summary of what I think is happening + +1. Hedgie A wants to short GME, but wants leverage, and to hide the short position. Decides to use a TRS. +2. Hedgie A calls up Bank A, to get Bank A to hold a short position on GME +3. Hedgie A pays a daily/monthly fee to Bank A to keep the position open +4. Bank A pays Hedgie A daily/monthly **profit** if the short position is net positive +5. Hedgie A pays Bank A a daily/monthy **loss** if the short position is net negative +6. Hedgie A must post collateral to Bank A to keep the short position open +7. The collateral that Hedgie A uses is popcorn (and/or additional assets) + +# Hedgies Loading the Ammo + +In order for the TRS to work, whatever collateral hedgies are using must have value. They must be long on this collateral. As such, there must have been an accumulation period, and they must pump this collateral afterwards. + +Let's look at popcorn: + +Well, well, well, what have we here. Popcorn did a 480% increase from May 21 to June 2 + +https://preview.redd.it/zf855jltw5491.png?width=1341&format=png&auto=webp&s=b95291f1ccd77fe78b785310a0008c540cf187eb + +And then as for GME: + +https://preview.redd.it/frgx5upuw5491.png?width=1341&format=png&auto=webp&s=4d4aecd85c087fa83927cd52ede1ce9442459e63 + +GME had a whopping...62% gain from May 21 to June 2? + +Note that at this time, June 2, 2021 (the highest candle of popcorn), popcorn overtook GME's marketcap for the first time: $31bn to $20bn. It was after this point that GME seemed to have been under hedgie control for a good part of the next year. + +Another odd thing I noticed was that popcorn always had massive amounts of volume compared to GME. They ALWAYS had a larger daily moneyflow, of share price x traded shares. It always seemed to me that GME had more apes buying than popcorn did. Just look at the difference in activities in the subs, and userbase. Why, then, did popcorn have such large volumes every day? And then it occurred to me to look at another data point. + +Here is popcorn's institutional ownership over 2021 to present via Marketbeat.com + +https://preview.redd.it/a9x1c4gww5491.png?width=1942&format=png&auto=webp&s=695167a66e0c82810d8245b3277928f7687f396c + +This image explains all of the oddities surrounding popcorn. Why there was so much buying despite lack of retail interest (comparatively to GME), and how the price jumped so significantly while GME barely popped (comparatively). + +My hypothesis is that, while not every institution is short GME and has to pump popcorn for collateral, it's highly possible that Kenny & Friends prepped some popcorn-flavored kool-aid and passed it around to their friends. Gave them tips, and got them to help bag-hold under the guise of profiting off the next big meme squeeze. This helps the short position hedgies maintain collateral, and thus maintain or increase their short positions on GME in the swap. + +Last year, I had run into a Yahoo article that commented on Ken and Citadel's LONG position on popcorn via public holdings. I can't link it, because it has the popcorn name in url and I get removed by automod. But it notes that: + +*When looking at the institutional investors followed by Insider Monkey, Citadel Investment Group, managed by Ken Griffin, holds the most valuable position in POPCORN Entertainment Holdings Inc (NYSE:POPCORN).* + +I posted this article on the popcorn sub asking why they hate Kenny G when their main man is actually net long on popcorn. I got swiftly banned. + +By the way, here is GME's institutional ownership over 2021 to present + +https://preview.redd.it/xyhxoxgxw5491.png?width=1942&format=png&auto=webp&s=6ea899946f49f3874788f7dc712075956b4dd0bf + +So far, we have proof that institutions have been quite long and bullish on popcorn (and are actually quite bearish on GME). The TA shows that there was a large period of accumulation, and after marketcaps flipped, GME seemed quite suppressed. These actions, while not directly proving, do show popcorn possibly being used as collateral for GME's shorts in a Total Return Swap. But don't worry, the redemption arc is coming, and you're gonna like how the story seems like it wants to end. + +# TA on popcorn and GME predicting the tides of the war? + +If we look at the chart of popcorn, although it goes up with GME goes up and down when GME goes down, we can see several things. + +https://preview.redd.it/ln26wlxyw5491.png?width=2696&format=png&auto=webp&s=70f1b516894a01b29b107ae642f559cf2b903053 + +1. Popcorn is actually making lower lows +2. It has fallen out of its bullish dorito chip +3. It is spiraling towards the bottom of a descending channel. + +What this means, is that more folks are selling than buying popcorn. + +Let's compare to GME's chart + +https://preview.redd.it/x92to7wzw5491.png?width=2696&format=png&auto=webp&s=9b4f48bf6028aaf2aba85c13930d9f8f84d11f5b + +Over the long term, we can see + +1. GME is actually making higher lows +2. It has risen BACK into its bullish dorito chip +3. It is propelling towards the resistance (high/ceiling) of a similar descending channel + +This is showing that over long term, GME wants to go to Uranus. + +**So what does this have to do with swaps?** If you look at the two images, you can see that the most recent dates, GME had a higher low while popcorn had a lower low. And more importantly, that's exactly around the time when GME had the spasmic 4-halt day. Remember, popcorn didn't have any halts that day. If I were to guess what happened, popcorn's price went so low that a small hedgie became undercollateralized, received a margin call, couldn't meet margin, and suffered force liquidation. + +**Let's zoom in to around that point, May 12 - June 6, shall we?** + +https://preview.redd.it/x8lqddu0x5491.png?width=1348&format=png&auto=webp&s=50df79c9d4edb9baf10f34d1f5eb4d6d0d0f005d + +As we can see, what happened from the lows of May 12, 2022 to the present is EXACTLY what happened with the long term price action of Jan-June 2021. GME has an intensive, halt-inducing breakout sneeze. Popcorn follows. They both stabilize. And then popcorn has its own mini-pump. And this has happened TWICE the past month. Just like other posts have mentioned, we seem to be able to see recursive patterns in the algos, from larger time frames down to the smaller time frames, until they start to unwind. I can only hypothesize that these price actions reflect somebody holding popcorn as collateral is becoming undercollateralized, and is then having to scrounge for liquidity to pump up their collateral some time afterwards. + +# So what does this mean for GME and popcorn? + +As the hedgies who are long on popcorn and DON'T have a short position on GME, they will trade away their position over time to avoid losses. As this happens, the popcorn longs that ARE holding short positions (via the total return swap) will be forced to pump more and more liquidity into their popcorn longs to stop from being margin-called. But, there will come a day when the kool-aid drunk friends become sober, and their algos start to trade against the descending valuation. When this day comes, Hedgie A's liquidity will receive diminishing returns, and his precious collateral will be moving against him. + +**And then there will be a day when Hedgie A can no longer meet margin. What happens when someone fails to meet margin? Their collateral gets force liquidated. And what do we think their main collateral is?** I dunno, maybe hotdogs or something. + +We can already see GME is winning the battle. We're starting to make higher highs and higher lows, and popcorn is making lower highs and lower lows. GME has overtaken the marketcap lead considerably. If anything, this tells me swaps could be blowing up soon, unless they post additional collateral. + +Again, this is all SPECULATION. I have no hard evidence, only circumstantial evidence based on institutional holdings matched with TA volumes and price action during specific time frames. If anyone can point out flaws in my data points or lines of thinking, please feel free. I am a very smooth brained ape when it comes to financial matters, and all I know how to do is eat crayons and draw lines with them. Thank you for reading. + +This is not financial advice. + +\*Edit: Added Tweet DD reference by ShillWhisperer. +\*Edit2: Fixed images. +\*Edit3: Fixed a date, May 12, 2002 to May 12, 2022. +\*Edit4 (June 8, 2022): Well, well, well! [https://www.reddit.com/r/Superstonk/comments/v80wj3/popcorn\_swaps\_caught\_red\_handed/](https://www.reddit.com/r/Superstonk/comments/v80wj3/popcorn_swaps_caught_red_handed/) +[https://finance.yahoo.com/news/fedex-fdx-stock-14-dividend-123412551.html](https://finance.yahoo.com/news/fedex-fdx-stock-14-dividend-123412551.html) + +That's an impressive hike! + +&#x200B; + +Anyone have this in their portfolio? I've owned it for years. +My dad is currently addicted to stocks and it seems to be worsening. + +I keep telling him to put his money in an index fund but he keeps pulling out his MBA and venture capital classes he took from Georgia tech and tells me to shut up. + +Although I tell him statistically most people lose money from day trading he keeps acting like he can beat the market with individual stocks (he says that in the most literal way possible) and He’s going one step further and making a trading bot now. + +I know he’s my dad and I don’t really want to fight him but I’m really worried about him seemingly gambling away his life savings. He is soon going to retire from his data-analytics job. + +And although I know that some very talented people make money out of trading bots and stuff but It really is going against traditional knowledge on how to invest as a individual. + +Previously posted this on WSB and immediately got a comment to put all the money in bbby. It was fun and all but I’d really like some actual advice + +Some additional context: I invest in individual stocks, bonds, and etfs. +I am a minor and a highschooler. +My investments total around 30000$ + +I read different stuff like john bogle, peter lynch, graham and etc to stuff on investopia. + +my dad is a data scientist who works as a r&d researcher or whatever. +He has a portfolio of like 300,000. + +Another edit: +He is a investor that often swings stocks +(What I was referring to the “day trading”) + +He has stuff like TSLA and google and 3M +And lots of dividend stocks I recommended. +I just can’t get him to bury the idea of actually making a day trading bot and swing trading. + +My portfolio is 70% stocks (etfs, reits, blue chips, dividend sfocks) and 30% bonds. (Corporate&treasury) + + +To be a little more clear: +He’s not retiring with 300k. He has real estate and if I recall correctly he has more in cash to what he has in stocks. His future plan is to expand the stock portfolio. + + +Lol you guys are kidding me right? +You keep asking me for his returns +He’s up 1% this year. So? +He got hit by the crash and bought the dip +That doesn’t mean he’s capable of making long term returns 😂 + +Who cares if he made money or not his logic is still flawed + +I literally had some dude post this on r/Gatech saying this is likely satire. I swear to god this is real. Why tf do you guys not take this seriously? This is a real problem to me + +I told my dad, he instantly downloaded reddit, and is currently going on a rampage to actually find this page. Thank you for all your kind opinions (sarcasm) and have a good day! +It is not necessarily true, and it does not mean that for being a successful trader, you must have unsuccessful years, but many of the successful traders experienced those unsuccessful years. Which means that every single trade that you lose, is a valuable experience for you in the next move. Just commit yourself to the lessons that you have paid for them. +According to media reporters, FBI claims that it can get access to bitcoin stored anywhere. That is just impossible, unless somehow they have developed ways to crack SHA256 and brute force wallet private keys. In which case, BTC is the least of everyone's worries and state/nuclear secrets could be under risk. + +[While Bitcoin isn’t stored on a server, the private keys to unlock the Bitcoin may have been. In any event, an FBI official just told reporters that it doesn’t matter where the Bitcoin wallet is—the FBI still can get access. They won’t say how.](https://preview.redd.it/b2ctswfre1471.jpg?width=1182&format=pjpg&auto=webp&s=9f56cbffd28695d53010ea63cf3616b0c3bc1b27) + +And clueless media reporters are taking this to the next level by parroting and amplifying these distorted narratives. + +[FBI can empty anybody's wallet. ](https://preview.redd.it/d0eup9f8f1471.jpg?width=1204&format=pjpg&auto=webp&s=e03f7dcdcf2a0252d84ce4217308a5de524b181b) + +What rubbish, if FBI can empty anyone's wallet they can get BTC from the top addresses and all become billionaires themselves. This is some of the weakest FUD but people still seem to be falling for this. + + +Edit: Lots of comments seem to suggest that governments are developing or have developed "quantum computers" that can crack/hack bitcoin private keys. While quantum computers can definitely become a threat to cryptocurrencies in the future, they are not presently anywhere close to being capable of deriving the private key for a bitcoin address. + +As per u/BreakingBaIIs : + +> I did a back-of-envelope calculation that showed that it would be faster to mine all the remaining bitcoins 6 billion times than it would to crack a single private key using brute force. + +> If the FBI found a way to efficiently crack a private key, that would mean they solved the most important math problem humanity has ever faced, that P=NP (in the affirmative). What they could do would go far beyond breaking all of the Internet's security protocols (which they could do). They would be able to solve all the mathematical theorems that humanity has ever worked on for thousands of years, plus many new ones we never thought about, in a matter of days or hours. They would be able to efficiently create superhuman AI using modest computational resources. + +The complexity of cracking a single BTC private key is large and currently not in existence. + +Moreover, if such a powerful computer existed, it would be a threat to several other things rather than bitcoin and crypto. The entire internet runs on cryptographic encryption. Nothing would be safe. In fact, someone in possession of much less powerful quantum computing power can easily hack into Federal reserve and transfer out every dollar there, or hack into Bank of England and shut everything down. In other words, cryptocurrencies would not even be among the top threats, because much bigger and important threats would be easily taken over. + +If they had quantum computers, they wont be asking Apple to de-encrypt devices seized from criminals. + +If they have quantum computers that can reverse engineer the private keys to any BTC address, they wont bother recovering measly 60 BTC from the 80 BTC ransom, when they can just send BTC to zero by hacking and moving Satoshi coins, thus destroying BTC's narrative completely. + +Tl:dr - Its preposterous to suggest anything like this exists. While it is true that research and development on quantum computers is an ongoing topic, there is no evidence to suggest that such a quantum computing system exists today that can derive BTC private keys from just the addresses. +I thought it would be fun to create this post for people to share books on investing, and what they learned from those books. I'll start! + + +Book Title: Value investing: from Graham to Buffett and beyond. +Author: Bruce Greenwald + + +What I learned: + +I learned about adjusting asset prices and using those adjustments to make better investment decisions about a company. Prior to reading this book I had read elsewhere about the concept of adjusting assets on a balance sheet, however, this book did an excellent job of explaining how-to, and why it's an important practice. I highly recommend the book, there is a lot of other great investment advice. + + +What book did you read? What did you learn? + + +P.S +Please write the Title or Author so I can find the same book, I'm also writing this post in hopes to find new reading material. :') +I have been backing the truck up on FB these past two weeks. This is one of the stupidest steals we have seen in the market. + +Those who keep saying it’s dying, you’re insane. How many of your friends and family use Instagram and/or Facebook? How many who don’t use still haven’t fully deleted their accounts? If you say no one, I call BS and you’re just someone with a short position. Or you live under a rock and have few friends. + +To the contrarians out there, when we stand alone, that is when we know we are in the right place. Keep buying the shares from the nay-sayers and shorties. + +God Speed. +Source: [https://vivekkaul.com/2021/04/20/charles-ponzi-and-bernie-madoff-would-have-been-proud-of-the-ponzi-schemes-of-2021/](https://vivekkaul.com/2021/04/20/charles-ponzi-and-bernie-madoff-would-have-been-proud-of-the-ponzi-schemes-of-2021/) + +I would like to know your opinion on this part from the article on stocks: + +>This is precisely what has been happening all across the world since the covid pandemic broke out. With central banks printing a humongous amount of money, interest rates are at very low levels, forcing investors to look for higher returns. A lot of this money has found its way into stock markets. The newer investors have bid stock prices up, thus benefitting the older investors. The deep state of investment has played its role. +> +>Of course, the counterpoint to whatever I have said up until now is that unless new money comes in, how will stock prices ever go up. This is a fair point. But what needs to be understood here is that in the last one year, the total amount of money invested in stocks has turned into a flood. Take the case of foreign institutional investors investing in Indian stocks. +> +>They net invested a total of $37.03 billion in Indian stocks in 2020-21. This was almost 23% more than what they invested in Indian stocks in the previous six years, from April 2014 to March 2020. This flood of money can be seen in stock markets all across the world. +> +>Clearly, there is a difference, and the stock market has worked like a naturally occurring Ponzi scheme, at least over the last one year. + +&#x200B; + +and the second point from the article on startups/unicorns: + +>This Ponziness is not just limited to stocks. Take a look at what is happening to Indian startups…oh pardon me…we don’t call them startups anymore, we call them unicorns, these days. A unicorn is a startup which has a valuation of greater than billion dollars. +> +>How can a startup have a valuation of more than a billion dollars, is a question well worth asking. I try and answer this question in a piece I have written in today’s edition of [the Mint newspaper](https://www.livemint.com/opinion/online-views/what-dravid-s-role-as-a-goon-says-of-the-global-economy-11618852566547.html). +> +>As mentioned earlier, there is too much money floating all around the world, particularly in the rich world, looking for higher returns. Venture capitalists (VCs) have access to this money and thus are picking up stakes in Indian startups at extremely high prices. +> +>Many of these startups have revenues of a few lakhs and losses running into hundreds or thousands of crore. The losses are funded out of money invested by VCs into these unicorns. +> +>The losses are primarily on account of selling, the service or the good that the startup is offering, at a discounted price. The idea is to show that a monopoly (or a duopoly, if there is more than one player in the same line of business) is being built in that line of business and then cash in on that through a very expensive initial public offering (IPO). +> +>As and when, the IPO happens, a newer set of investors, including retail investors, buy into the business, at a very high price, in the hope that the company will make lots of money in the days to come. Interestingly, IPOs which used to help entrepreneurs raise capital to expand businesses, now have become exit options for VCs.  +> +>If an IPO is not possible, then the VC hopes to unload the stake on to another VC or a company and get out of the business. +This project just launched few days ago and built up a huge TVL of over$2bn in a matter of just days and was being celebrated across defi universe, and got listed by a lot of DEX exchanges in a matter of days. + +DeFi social media was abuzz with discussion of this, and the incredible APYs on offer. + +[Glimpse of the mouthwatering APYs! ](https://preview.redd.it/odhibipkbp571.jpg?width=1260&format=pjpg&auto=webp&s=c92a383732d8baeff6fbc776ae095267915845a4) + +This screenshot was taken just few hours ago. Well, as luck would have it... this whole thing crashed and looks like a rug pull, the price has now gone down to below $2 + +[Current price of Titan: 1.02 USDT](https://preview.redd.it/ridi1pn0dp571.jpg?width=1334&format=pjpg&auto=webp&s=1a4884154db38fbd90605c4be4005d7963ece290) + +&#x200B; + +[Mark Cuba's blog post explaining how he decided to farm Iron\/Titan. ](https://preview.redd.it/y4s9v6mpcp571.jpg?width=1242&format=pjpg&auto=webp&s=d6b615bd80aecd4e91a63a23d75d092f6758eef1) + +Cuban, a billionaire, could easily stomach whatever loss he had out of this. + +&#x200B; + +[Those who took loans to buy this at $50, can they?](https://preview.redd.it/w2fv561edp571.jpg?width=750&format=pjpg&auto=webp&s=ca42bfdf3723a84d977f2a684455ddec6afd5aa2) + +# Updates: + +This is an ongoing situation, and now, the price has crashed to $0.00017. Yup, from $60 to $0.00017 in about 4 hours. Absolute disaster. + +[And the rug pull is complete!](https://preview.redd.it/mmtrwcdq1q571.jpg?width=1440&format=pjpg&auto=webp&s=0f2eb23975d4408528c2bfac9af19e9076cd1d2e) + +The team calls it a "bank run". Lol. + +~~Mark Cuban~~ Michal Cuban says "he was also affected but got out". Hmm wonder what that means +ETH is hitting ATH after ATH. All the companies are jumping on metaverse hype, recently Microsoft also announced they are developing their own metaverse version. + +Don’t forget to take some profits when you feel comfortable with your gains. You all deserve this. + +Edit: I'm sorry, I didn't mean to offend anybody I just wanted to appreciate who didn't panic sell during May crash. You all deserve it. I joined crypto in 2021 so didn't know much about 2017 crash. +We bought our first house in Ohio Dec 2020 for $126k (after down payment) with an fixed 30-year FHA loan. We pay into escrow for taxes, home insurance, and PMI. At that time, our income was about $40k a year. We got an interest rate of 2.875% on the loan. Apparently, this was an incredible interest rate and I’ve been told I’d be crazy to give it up. Anyways. The house is currently valuing around $160k and we have also made some improvements to it, but none that are super major (new carpeting, brand new panel box, replaced old light fixtures, replaced misc. hardware, etc.) We also have doubled our income in the last two years to $86k. We were considering refinancing our home due to the possibility of cashing out on some of the equity and then putting that cash back into the home to make improvements (i.e., we very badly need a bathroom or kitchen remodel). We also know that if we refinance to a conventional, we would get rid of our PMI payment. However, what I’m seeing is that Ohio interest rates are sitting around ~7-8% right now for refinancing. We understand that while getting rid of the PMI would lower our monthly payments, the hike in the interest may even it back out in the long run. So the perks that I see for refinancing would simply be the cash out and losing the PMI. Additionally, we could pay off some of our credit card debt (~$20k, we just got married) and consolidate the debt into our mortgage. But keeping the current interest rate with the FHA loan has the perk of being a beautiful net of safety, knowing that we have bragging rights to one of the lowest mortgage loan interest rates that we or any of our family has heard of. + +We plan on making extra payments whenever we can, at least 2x a year. We also plan on staying in this house for at least the next 10 years until our kids graduate high school. + +So, am I crazy to consider it? Or is there merit to both sides? +So there’s another post on here today where a guy is risking 100% of his 300k account with each trade on weeklies. Scary. I was thinking… why don’t we share what we think are solid strategies with him and others in this thread? Help each other out. + +Here are the assumptions: post tax account with $300k available. For your strategy you can have margin or not. Assume this is play money that you’re trying to use for income or some alpha against the market. + +Also assume that you have a separate “main account” which is your 401k and it’s a diversified combination of stocks, international, and bonds. So if you blow up your brokerage account you still have a decent and untouched 401k for retirement. + +Let’s hear how everyone would use the 300k brokerage. +Considering investing in a duplex with $400 positive cash flow. It it rented now but would keep the option to live in it later and refinance. I understand that regardless of the cash flow it is still building equity. But, does it make sense as an investment when weighing down payment, interest, cost of maintenance etc? It seems like it would take a long time to recoup even then down payment. Am I looking at this wrong? +Hi All, + +First time posting on Reddit as honestly, I'm at a loss on what to do. Me 25 UK going through UNI (COMP SCI) has left his job last month due to University making it nearly impossible to hold down a full-time job, Due to circumstances not in my control my Dad 86 has caught coronavirus. Doctors are saying it's not looking hopeful... I have spoken with him and we have both said our goodbyes as this may be the last time I am able to speak with him. + +The situation I and GF (who has lost her job due to COVID) was planning on moving back in with my parents however due to situation this is now impossible. In addition, my mum does not work and was relying on my dad for income she is now unable to pay the rent. + +I am honestly stuck and have no idea what we can do or apply for with my world crashing down around me especially with the heartache I feel from losing my dad. I'm coming on Reddit to ask advice on what to do in this situation. We are currently in an AIRBNB which only lasts until Sunday and will be Homeless coming Sunday. + +I have £1000 left in my bank account and with no job and no finances, I'm really worried about our future and my ability to look after my mum. + +&#x200B; + +Edit: (as I realized posting this may not reach all of you) sorry I am new to Reddit. + +Wow, + +Guys, honestly I just came back to Reddit and saw all of your posts. I will go through every single one apologies if I cannot respond to all of them but your overwhelming support has helped me realize there is hope. + +An Update from my situation: I have sent my CV around to various I.T Support roles and will take your advice on entering a help desk position. I will also take a look into UpWork as I can create websites and do other things with the knowledge from my ongoing COMP SCI degree. + +Regarding housing, for my mum, my dad had some hidden funds that will be able to cover her rent for 4-5 months. She has a house back in the Phillippines (which I did not know about) so I am trying to convince her to move back but as my mum but at the moment it is hard to get through to her which I understand as it's a highly stressful time. + +I and my GF have found temporary accommodation with a friend for short term which will help us get back on our feet. + +My Dad is making a hopeful small recovery and is now eating and drinking a little. But with your advice and words, I feel prepared mentally and have the tools I need in-case he does pass... + +Thank you all so much, words cannot express the emotions I feel reading your comments. I am glad to have posted here from the bottom of my heart I owe you all. + +I wish all of you good fortune and a safe 2021. + +&#x200B; + +Edit 2: + +I am honoured to have been the person to receive all this love and information from you all. + +I have never would have thought this would have so many people reaching out to me and helping, You have all helped me to keep my head up and push through this time. + +We have been offered through messages some personal help with Finance to these people I wish to thank you but please save this for other people who may be in more need. We are incredibly fortunate to have found a place to stay even if it is short term. Please save your money for those who are not so fortunate. + +People have reached out to me with possible job opportunities I thank you all for this as it is so reassuring in these troubling times that there are jobs available and I feel like I may be able to find work! + +I will continue the job hunt if you guys have any job vacancies for a novice HTML / CSS developer I would love to be a part of that, anything u can throw my way I really appreciate! + +I came to Reddit in search of help and received such an amazing amount of well-wishes / advice / job opportunities / loving & caring, I will never forget this. You are all wonderful people If I could somehow meet with all of you and take you out for lunch I would. I am forever in your debt. + +Thank you. +House prices show no sign of slowing down yet, having risen by almost 8% over the last year with the vast majority of that coming in the last five months. + +The last five months from July to November have seen the average house price rise by 6.5% – the strongest five-month gain since 2004, according to the latest Halifax House Price Index. + +The price of an average property rose by 1.2% in November to £253,243 taking it 7.6% higher than November last year. + + +Source: Yourmoney.com + + +So the reduction in stamp duty led to a predictable rise in house prices thereby wiping out the stamp duty savings. +I am single and have an income of 75-85k a year. + +Since the pandemic I have been renting a room. Maybe Im unlucky but the first room turned out to be two gay guys who were addicted to pot. They repeatedly asked me for money and even offered to sell themselves for a 20. I left the next day. No bond returned. + +Second guy was a religious nut, control freak and just lost it occasionally for no reason. + +Currently staying with a female who gets blind drunk frequently, passes out or gets aggressive. Had some guys passed out on couch getting home after work, no idea who they were till but there no lock on my room so Im not comfortable at all. Spoke to her and now got cold silent treatment. + +I can afford to rent if I give someone 40% of my wages, create a renters resume, get a rental credit check, go through months of rejection but being single I dont really want to waste 20k a year. + +What alternatives are there? Could I buy a caravan and put on side of road? Are tiny houses really viable? Can I go bush and claim a bit of unused commonwealth land? + +Or am I screwed? Live in Sydney. +I’m 2 years away from fatFIRE with my spouse following closely behind in the next few years. I am about to have mid year development conversations with my boss, but I don’t have any aspirations to aggressively go after the next role and would like to coast through the next few years in a job that I am good at. Do I pretend to be more ambitious than I really am during these kinds of conversations? +During my wealth accumulation stage, I spent much of my spare time devouring books on business, investing, and entrepreneurship. I disappointingly noticed the other day that my bookcase is quite narrow in its focus: filled mostly with books about how famous people got rich, how to get rich myself, or how to stay rich. + +Now that I feel like I have enough to relax a bit (NW $50m), I’m really sick of reading about getting rich. I want to read about how to what to do with my money to buy happiness, how to spend my time on more fulfilling ventures, and enjoying the rest of my life in ways people with monetary freedom can. Most of my get rich books focus on the journey of climbing the mountain, but don’t discuss what to do when you get there. Now I’m lost. Rather than money, I want to focus on health, travel, life. + +What are your book suggestions for like-minded folk in our community who can afford to do it all, but still have the same finite lifespan as everyone else in the world? What are the best sources of wisdom for wealthy people? Where are the fatfire self help books? +I've been working for a start-up company for the last 4 years. I was offered a share incentive plan to offset the risk in working for a start-up. I was honestly very confused about how the plan worked but it seems to have worked out for me when the company eventually went to IPO at the end of last year. I've been allocated a decent amount of shares. Due to COVID however the shares have lost significant value (about half what they were initially worth). + +Now its tax time and my taxable income has the initial share offering included and my tax bill is through the roof. The entire value of the shares, if I sold them, would be going to pay the tax. + +I'm at a complete loss on what to do? Am I just screwed on this? +I was selling weekly naked puts on TQQQ with my excess margin. Sold into the end of the Santa rally and became buried in my position. How would you get out of it? + +1/3 - sold (2) 1/7 $169p for $790 total credit, bought it back for $4712 total + +rolled (4) (stock split) to 1/28 $84.5 for $4948 total credit, bought back for 13034 + +rolled (4) to 6/17 $83.5 for $13301 credit, went further out so I could still get a credit + lower my strike price + +Total credit - 1293. What would you do to get out of this? My first thought is to just keep rolling because I have the excess margin available and i do not pay margin interest until assigned. If I take assignment I'm going to have margin interest that will eat up the small credits I have gotten + get next to nothing if I sell calls at my cost basis. Anyone out there have an idea? +Im 26 years old and our family is selling our business. Once the sale is complete, I will have roughly $2m and will be making roughly $250k per year for the next 5 years. After that I have the option to stay with the company or leave it. Unfortunately I dont own a house and my rent is $2k per month. I live in a region where a solid single family residence is $1.3m minimum. Basically Im considering my options going forward as what to do with the money. Any ideas would be appreciated. I have considered buying multiple homes and renting them out, paying cash for my own home, investing a part of it etc. Any advise from anyone who has dealt with something similar would be appreciated. +New year, new budget. Budget is supposed to be tabled in parliament by Finance Minister starting from 11:00 a.m. + +Markets to remain open, even if it's a Saturday. + +Gentle reminder: no political posturing. No snappy taunts. No personal attacks. Be nice and respectful to each other. Do refer to [Reddiquette](https://www.reddithelp.com/en/categories/reddit-101/reddit-basics/reddiquette) and Subreddit rules. + +Live streaming: + +Stream links aren't up yet. Live streams would be available on Parliament and Doordarshan YouTube channels. There might also be Twitter / FB streams. This post would be updated with links as and when those go up. + +EDIT 1: [Lok Sabha TV YouTube Stream Link](https://www.youtube.com/watch?v=-CO-n2a8axM) + +Other Budget Threads: + +- [ClearTax](https://cleartax.in/s/budget-2020) +- [Economic Times](https://economictimes.indiatimes.com/news/economy/union-budget-2020-live-news-updates-nirmala-sitharaman/liveblog/73821278.cms) +- [MoneyControl](https://www.moneycontrol.com/news/business/economy/budget-2020-live-updates-fm-nirmala-sitharaman-budget-speech-income-tax-slabs-union-budget-2020-highlights-budget-2020-announcements-4887601.html) +- [Times of India](https://timesofindia.indiatimes.com/india/union-budget-2020-live-updates/liveblog/73822834.cms) +- [News18](https://www.news18.com/news/india/budget-2020-live-updates-income-tax-slab-rate-cut-nirmala-sitharaman-union-budget-speech-time-date-narendra-modi-2481871.html) +I'm just at a loss for words.. + +Background - I have been with my current employer for 4 years, First promotion in year 2. I wasn't actively seeking a job, but was approached by a head hunter in April for a role in an established company of a similar niche. I got through the interview and they offered me twice my current salary after some negotiation. Had an official employment offer sent to me and everything. It was a huge bump and a good career move, even though it involved a relocation and considerable risk due to COVID. + +I did like my current job and company, they have always been supportive of my risk taking and it paid off for them financially. We have great benefits and operate in the glove industry (yes the company is making record profits). I had a good relationship with my superiors and so I personally spoke with my superior about the offer so as to not surprise them with a sudden resignation tender. They immediately negotiated a counter offer (which is on par with my new employment offer), saying that our company is doing so great and I will be risking a lot of stability and they were planning on promoting me anyways. + +After all that convincing I decided to stay and rejected the other offer, I was due to be promoted and my raise was scheduled according to our corporate timeline (July is when all promotions /salary adjustments take place). And now, a day before July 1st, I was told that my promotion has been suspended until further notice due to "difficult market conditions". Its a bit complicated but my company (glove division) is owned by a mother company who also owns a chemicals division (they are doing badly). They could only offer me a special "allowance" which is about 16% of my current salary until my promotion is confirmed. BTW, they offered it as an allowance instead of basic pay probably because they would have to pay an additional 16% of my basic towards a retirement fund. + +So now I'm stuck here seething with resentment because I gave up a great career move for an empty promise. I feel like such a fool for trusting what I once thought were great employers and a great company. At the same time I hate myself for complaining because I know a lot of ppl are struggling to make ends meet. Guess I'll end my rant here, thanks for reading. Have a good day everyone +TL;DR is really just the title. + +&#x200B; + +After the report has finally come out, I believe that the delay has \*not\* been due to Gensler and his team being slow. I think that Citadel & Co attempted to stop, delay and change the report as much as possible, very probably by bombarding the SEC with litigation and legal threats. As a result, the report's verbiage is extraordinarily cautious, it avoids clear statements and in particular, it avoids name calling (and rather states that "one firm" guaranteed for RH, etc.). The SEC has a bunch of highly qualified legal experts themselves who certainly vetted every damn word of this report – we should keep that in mind. + +&#x200B; + +And considering that background, I'm now more than ever convinced that the "GG does nothing" is cheap FUD. I for one am really excited at how "explicit" and confrontative the report still ended up being, in spite of every last comma probably having been fought over for weeks. +I currently live with my parents and take public transportation to work every day. It takes roughly two hours door to door each way - sometimes a little more, sometimes a little less. My day looks like this: + +Wake up 5 A + +Drive to train station at 5:40 A + +Get on train 5:54 A + +Get off train 7:15 A + +Get on (free) shuttle 7:30 A + +Arrive at work 7:45 + +Start at 8 A + +Leave work between 6:30 - 8:30 P + +Get home between 8:45 P and 10:15 P + + +Then repeat M - F. + +I don’t pay rent but I do pay for the train which is about $450 / mo. I know many people may ask why I don’t just get a car, but traffic is so bad during rush hour plus the cost of gas / tolls / insurance etc. It doesn’t really save me much time or money because it’s still far regardless. + +I’m looking at an apartment now that’s $900 + utilities (this is with roommates and considered a good price. apartments here are expensive). It would also be $82 monthly rail pass. However, I could wake up at 6:30 instead of 5 and be home at a more reasonable time. I can afford this with my income (avg about 3,200/mo) but obviously won’t be saving nearly as much. + +I’m just curious as to WWYD? Part of me thinks this move might give me a better quality of life (and more sleep) but I also don’t like the thought of spending a little more than double the amount I currently do when I don’t *have* to. I don’t love the commute but I know I can do the commute, although I do get really tired throughout the day. Is it worth it to spend more? +> Tariffs from global trade wars will cost the company between $100 million and $120 million this year, it said in January. +> +> Tuesday, Harley said its revenue from motorcycles and related products fell 12 percent in the recent quarter to $1.2 billion. Harley's worldwide retail sales fell 3.8 percent, while international sales fell 3.3 percent and U.S. sales fell 4.2 percent. +> +> The net income of $127.9 million, or 80 cents per share, topped Wall Street expectations of 67 cents a share. - **[source](https://www.jsonline.com/story/money/2019/04/23/harley-davidson-profit-falls-trump-threatens-trade-war/3547493002/)** +This is a popular technique by HFs, to slowly let a stock fade intraday. + +Crymer explains it pretty well, since he is a slimy HF and told us those neat tricks: https://youtu.be/gyaPf6qXLa8&t=55s + +They are ON PURPOSE creating a negative feel towards the stock, now we all see the 3 to 1 buy ratio on Fidelity, other brokers most likely look the same so you know us Apes are panic buying the dip. I personally today wired another batch of cash in, due next week. Because these prices are a gods gift. Thanks again Hedgehogs for the discount. I'll make sure those shares never see the eye of the open market again! + +The price now is FAKE and it is costing them money to drive it down, BUY THE DIP AND KEEP HODLING. SOON MAY THE TENDIEMAN COME TO SEND OUR ROCKET INTO THE SUN. +Some have held up, others have seen drops that lopped off years of gains. I guess the preceeding years were good enough that maybe it doesn't matter? And maybe conviction for the future is determined enough that you are buying the dip? Holding company has been "easy" for years. +Ugh. The city in which is live has a rapidly increasing cost of living that’s debilitating to be as a student, self employed single mother. The cost of groceries is getting so bad that items are increasing in price by another dollar everytime I got to the store. Dish soap was marked up to $5!!! I feel so defeated. +Let me preface this by saying that I'm in a bit of a silly situation. Just curious if others on this sub have done something similar. + +&#x200B; + +Background: + +I'm (mid 30s) currently on a sabbatical. Decided to move to NYC to scratch the itch, having wanted to do so when I was younger and poorer. + +I had no idea the rental market was so competitive with the landlord asking for 2y worth of tax returns, bank statements, references, & etc, & the rentals being taken off within a day. + +&#x200B; + +Issue: + +My net assets range around mid 7fig, and I trade futures and have been for the past few years. I typically keep 80-90% in cash and take positions. I've had some moderate successes but still a very small fish. I feel sketched out on the security/privacy providing the bulk of my net assets to strangers & their intermediaries in the application process + +I plan to show my tax return for 2020 but am still filing my 2021 (I know. super lazy. Hope to finish that soon). I made 700k for 2020 and am currently on track to make $1-2M for 2022, 80-90% of which have been realized & reflected in my 1040ES form. + +What path can I take to avoid showing my entire holdings in my brokerage account? Should I just partition my funds and show a smaller nominal value? + +Thanks +Here's the deleted tweet where he's supporting the coin. + +[Gunna's Tweet.](https://preview.redd.it/w7el1hargff81.jpg?width=1283&format=pjpg&auto=webp&s=e5ec1a86f4cea052f178f54d12773f9b9938e1ed) + +After shilling this shitcoin he tweeted again with "I wunna C Everybody Win" which is kinda ironic since the project was a complete rug pull. + + +**Link to his tweet:** https://twitter.com/1GunnaGunna/status/1488224927572320258?s=20&t=\_tpnNtUcQQLfzVKK22DhAg + + +Chart of PushingP: + + +[PushingP](https://preview.redd.it/5fjlww39hff81.jpg?width=1283&format=pjpg&auto=webp&s=25425702f00f23337160a4ce98f9df0dac9c83b9) + +He deleted the tweet after this drop, it's sad that how big celebrities' can just run away after scamming their own fanbase. He didn't even stand up to his words for 1 day. + + +Please stay away from these celebrities when it comes to taking financial advices. Kim, Floyd, SouljaBoy and Gunna none of them are your friends they are here just to make a bag by scamming their fanbase. + + +All credit goes to [**zachxbt.eth**](https://twitter.com/zachxbt) +Hey everyone, I just wanted to share some math with you guys and especially with newbies who come into the world of trading expecting to become millionaires over night and buying a Lamborghini in a month. I just want to share these two main points: +1. You don’t need to double your account with every trade. Forex trading is exponential. If you look to target a +1% profit with every trade, and master consistency that will be more than any savings account in the bank can give you back. + +2. You don’t need to win EVERY SINGLE trade. That’s right, you don’t need a. 100% accuracy rate, you don’t need a 90% win rate. With proper risk management, you can even afford to loose 4 out of every 10 trades you take. + +Let’s do the math! + +1. Say you open a small account of $200USD. +2. There are 253 trading day’s in the year (NY Market) +3. If you were to have a 100% win rate with a +1% target (meaning you don’t loose any trades) after one year of trading you would have taken those $200USD and turned them into $2,479.34USD. + +https://preview.redd.it/kt14vs974dn51.png?width=1160&format=png&auto=webp&s=b59027a85a0e063a63a5d9db62bc98df8822c422 + +**4.** But let’s be more realistic. No matter how perfect your strategy is, markets are markets and there will be down days. So say that out of those 253 trading days in the year, you win only 70% of your trades. That’s 177.1 profitable days at +1% profit. + +https://preview.redd.it/ia31boke4dn51.png?width=1482&format=png&auto=webp&s=c0e92202163c550c5ec50c76d2d445d21f7157e8 + +https://preview.redd.it/9rka1tke4dn51.png?width=1160&format=png&auto=webp&s=483c74a19db5d108986d29407854f8c82a462121 + +**5.** After one year of trading, with a 70% win rate, +1% profit target, you would have taken those $200USD and turned them into $1,152.36USD. + +So if you’re new, take it slow. You wont be a millionaire in 6 months, and you wont buy your Lambo with. your first three trades. Remember, ***slow and steady wins the race.*** +I don't know who needs to hear this but if you're new and thinking of getting into this industry you should know that true trading is incredibly boring, you won't find fulfillment in trading unless you find making money fulfilling. Once you pass the learning phase and get into the profitable phase, it's all about coming to the charts taking your setups and just letting your edge play out. The excitement and emotional rushes you get from winning and losing should not be there if you have an edge because in the end you should be at a level of understanding that the numbers will play out. The only fun part of trading is when you are in your learning phase. Some of us are actually in the phase of profitability already but mess it up because it's boring and we have a need for emotional excitement or don't trust our system because of how many times we've failed in the past. But truly in the end Trading is a very boring yet lucrative profession. +Im going to vent. I gave my speech and went deep into the DD for my communications class. Some were into it and my boy in that class actually said he’s going to buy a share. Motherfuckers were laughing at me, and a girl after class came up to me and said my speech “cracked her up,” especially the part where I explained synthetic shorts. I literally got shilled in real life lmayoo. I cant imagine how they’ll feel when this thing takes off and they’re reminded of the young man who tried to tell them. Got a 94% though ;). Cheers my friends 🍻 +Goes to show you what kind of investors there are out there. I’ve seen multiple videos of people commenting about how stocks got demolished, yada yada yada, even on Reddit I’ve seen “Sell another crash is coming!” + +What? We have one significant red day and now all I hear is Stock Market Crash 2.0 and sell everything. It’s really getting out of hand now. If anyone has learned anything by now, it’s time in market > timing the market. This is ridiculous. + +Sorry for the rant, just had to get this off my chest haha. +I'm just wondering where this sentiment has gone. I know as a Ethereum fan since Frontier that there used to be a goal and the old community used to talk a lot about ETH marketcap flippening BTC. However, as of the last year and bullrun, this sentiment has died out and I feel as if the community is no longer believing that this could happen. + + +I'm still holding on to hope though, with Devcon4 showcasing how far we've come and the amazing companies working with Ethereum Foundation, EEA and Consensys, it still is the best smart contract decentralized public blockchain project out there by far. + + +How many of you feel that the flippening will still happen? When do you think it ought to happen? + +[View Poll](https://www.reddit.com/poll/9t86fp) +I am an ETF guy but a total newbie when it comes to shares/stocks. + +What’s the best way to research organisations and their investments/spends and profits so that I can make an informed decision? + +Are there websites (free or membership) based that collates all the info for users to view? + +Any tips/advice/recommendations are appreciated. + +Thanks. +Now that the decks are cleared, will this be a long term bet? Key concerns - +1. Non-expanding indian middle class +2. UPI & digital payments as payment alternative +3. Affinity of Indians to cash +4. Better short term credit alternatives. + +Anything else? + https://www.livemint.com/market/ipo/sbi-cards-9-000-crore-ipo-set-for-early-march-launch-11581956522521.html +I don't know if this is the question I want to ask, but I'm gonna roll with it and try to explain what I'm getting at. + +In the modern economy, for the most part, the goal of any business is to generate a profit. Some care about profit maximization more than others. My perception is that, at least in some industries, profit maximization has led to negative effects on the consumer/society. News organizations prioritize sensationalism and spin because it gets them more clicks or views. Tech companies have been making their products with planned obsolescence in mind and making them near-impossible to repair, leading to an increase in electronic waste and forcing customers to buy new products cyclically, because that makes more profit than building a product that will last. Fast fashion companies churn out disposable clothing produced in sweatshops with no regard for their impact on the environment because, again, it's more profitable. + +I can accept that regulation is necessary to curb these negative effects. And I don't have a problem with profit as a general rule; if a bakery makes a cake with $0.25 worth of ingredients and sells it for $5, I don't think that's necessarily a bad or immoral thing. However, I hesitate to "endorse" profit because it's clear that profit maximization can be detrimental to society in at least some important circumstances. + +Rather than get into a moral or ethical debate about whether profit is "good" or "bad," I want to know what economists generally think of it. Does the profit motive lead to a more efficient allocation of resources, on-balance? In what contexts does it work? When is it inappropriate? What function does it serve in the economy? Are the examples I listed profit maximization or something else? Am I missing something important here? +I have no clue what caused the [1997 Asian financial crisis](https://en.wikipedia.org/wiki/1997_Asian_financial_crisis). + +This guy claims that George Soros played a role in it: [https://www.quora.com/What-does-economic-colonialism-mean/answer/Gary-Brewer-8](https://www.quora.com/What-does-economic-colonialism-mean/answer/Gary-Brewer-8). Is it true? +This is the full lecture + +https://www.youtube.com/watch?v=ss5PxPlnmFk&t=89s + +this is a snippet of it regarind the comment in the title + +https://www.youtube.com/watch?v=-6t-R3pWrRw&t=2s + + +It seems crazy! The country has only 18,000 people or so. And as per Wikipedia it relies heavily on tourism and agriculture. Yet the country manages to have a GDP (PPP) of $16,000 putting it near to the world average. + +How does the country even have such a high GDP (PPP)? + +I know that it receives assistance from USA. But does that actually translate to better living standards for people? +I'm hoping to be a first time home buyer within the next year or so, I've been waiting a while already, and I imagine the way things are going it has to crash at some point soon but a lot of people seem to think it won't. I'd love to hear different perspectives on this issue. Of course the fear is that you buy an expensive property and then the market immediately crashes whiiich would absolutely suck lol. +These days the popular go-to advice is "Just buy VOO." So what was the equivalent of that in the 1990's and 2000's respectively? What was the thing most educated investors recommended to people in general as the safest most reliable and yet also most potentially beneficial investment the way they refer to VOO today? + +Did those things turn out to be the obvious no-brainer outcomes that everyone assumed they would be? +Hi Guys! + +This one is for anyone new here: + +The stock market is the world's most powerful tool for building wealth. But until recently, it's only been accessible to people that ALREADY had wealth. + +However, Index Funds have become a vital tool for getting access to the stock market and enabling anyone, even absolute beginners, to build world-class investment portfolios with relative ease. + +In this sub, you'll hear a lot about index funds and, in particular, Vanguard Index funds. But it's sometimes not clear exactly what people mean by that. So I've created a [guide](https://youtu.be/aL-GgWkA25Q) to help anyone new here get up to speed on all things index funds. So in this video, you will learn: + +&#x200B; + +What index funds are + +Why you need them + +How to buy them + +What to look out for when you do + +2020 saw more people start investing than in any other year in history. And if you, too, are just starting out, it can be very tempting to dive straight into a bunch of meme stocks. Please don't. In the video, I'll take you through why it's a bad idea to invest in individual companies and why you should instead be looking at index funds. + +&#x200B; + +[You can watch it here](https://youtu.be/aL-GgWkA25Q), and I hope you find it helpful! + +&#x200B; + +(I put a lot of effort into creating this content, and the only real reward is when I hear that it's helped someone in some way. It's super hard to keep motivated, so please have a thought, both for me and the people that may find this helpful, before auto down-voting this for self-promo. Cheers!) + +Edit: Wow thanks so much for the awards, you guys have made my year! I’ll try get the next video to you ASAP! +Hi everyone, + +I'm 30 & am from the UK, built up a tiny bit of a pension in the Netherlands, and now live in Portugal. I work in academia which means relatively low income, and here I have no pension plan tied to my job or other forms of social security. I have enough savings as an emergency fund for a few months and now I want to start saving for retirement, but am unsure where best to put that money. I have contacted the retirement fund in the Netherlands, but paying into that was so unfavourable that they themselves advised me against it. + +Is there a sensible way to build up savings for retirement? Ideally that isn't linked to a specific country? I already can't move my UK money to a better UK account because I'm not a resident there, and don't really want to convert to euros right now, so I want to prevent getting too tied to Portugal and having trouble extracting or moving money later. + +Thanks! +Just reading a thread on buying a house on this forum, and it took me back to a memory of a German person saying we are obsessed with mortgages in this country. I can't help but wonder, is this the case? In fact, I have heard this a few times. I'm 30, have about 30k in the bank and yes, 30 appears to be my lucky number clearly :D. I live in a small city where you can buy a reasonable 2/3 bed for 170k+. However, even being able to afford a home myself here, or a flat - it doesn't really appeal to me. That's for a variety of reasons which include not being sure I'm going to be here for even 2-5 years, and having no idea if I even want to be here at all, because I look at life as being something more than just the standard 9-5 way of life, But there's also the sense of being trapped by a 25-30 year debt, hanging over my head. Is it actually necessary? + +I guess I'm keen to query the latter point, that sense of entrapment. I know little about how mortgages actually work, but I would imagine that you would have to live in a place for a fair number of years before being able to even sell it and gain equity, less associated costs (or am I wrong?). What intrigues me is that so many young people are a) so narrow in how they see their life, that they can't see past the standard get a house/partners/kids/job/dog. Anywhere I have ever worked here in the UK, every workplace is always talking about buying a place of some sort and I just don't really understand it. It's as if I'm weird for not wanting to lock myself down to 1 place for the rest of my life. To me it just seems like an entrapment in some form. It's also a pressure on you to know that unless for other cash reserves, a person on something like 20k essentially can't stop with their work with this 25 year debt hanging over their head. Is that really healthy/necessary? + +Am I looking at this the wrong way? Granted, I don't have all the full information but and unless I'm mistaken, I believe that in Europe they are not so fussed about this in quite the way that we are. Of course, in the case of say a married couple who want to settle down and have children, yes it makes sense to some degree. But otherwise, I just feel like young people put themselves under undue pressure to get on the property ladder - all for what really? So many young women I meet today, they can't look beyond getting a man, a dog and settling into their mortgage, and aspiring to little else beyond that. It's like that is their staple of identity. I just sometimes query if I'm crazy or what? +Been a landlord for just under 3 years now. Figured I would share some recent events to better inform anyone who may be thinking about buying real estate and being a landlord. + +I own 3 houses, one of which I live in and rent rooms out to friends. + +The other two are single family townhomes that are rented out and cash flow about $500/month. One townhomes is worth about 150k, and the other about 230k. I bought the 230k home first, and at the time didn't realize there were other investments that would have net me similar cash flows with less cash into the deal. + +Anyway, if you can do the math, these two rentals net me about $12,000/year. Definitely a nice boost, but not enough to FIRE on, so my plan is to continue buying more properties that cash flow. My rule of thumb is about $500/month free cash flow for every $35k into the deal. This is about a 14% Cash on Cash return. + +Anyway, most of the time things are peachy. I self-manage and pick tenants, and have not had any problems with delinquencies on rent. + +However, about two weeks ago one of my tenants complained of no hot water. Anyone here who is a landlord knows the pang of anxiety you feel when you get one of those messages where something could be majorly wrong. It is important that you are the kind of person who can compartmentalize that anxiety and deal with it in a rational way. + +In that instance, I ended up shelling out $1,900 to have it fixed. I do not have a reliable generalist who can take care of all of my stuff yet, so I'm stuck going to big name companies. + +Two days later, there was a completely unrelated leak in a bathtub that caused water to drip through the floor. My sister was visiting me and I work a full time job, so between not having the ability to take off of work and host my sister, I had to hire a plumber. $500 for something I could've fixed with a bit of putty and a screwdriver, and maybe $15 of PVC at home depot. + +No matter. We're back on track, sitting pretty, just collecting rent checks each month. Right? Wrong. + +Three days later, I get a text from my tenant at the other rental I own. No heat. +The furnace is busted, and now I have to get multiple quotes on repair. I am working late nights at work because of a project I'm on. Fast forward 4 quotes, between $2400 and $4200 for a new furnace, many skipped lunches, "vacation" hours, and long nights later, I've fixed all the issues. But right there goes half a year of profits from deferred maintenance. It's baked into my model so I'm not deterred about profitability, but it still sucks to have to deal with when it happens. + +If you aren't comfortable dealing with unforeseen circumstances (and having them stack up when it's least convenient for you) consider just buying and holding an index fund. +At a price of just below $31,000, bitcoin is more than 50% below its record high of near $69,000 from late last year and at its lowest point since July 2021. Cryptocurrencies are proving to be just as risky as stocks and susceptible to the same concerns that are dragging down the Dow, S&P 500 and Nasdaq. Are you still bullish on bitcoin for the long term or not? +Hey all, I'm particularly new to stock investing and I'm currently in the learning and understanding phase. I've read and heard so much advise that one should buy good companies at low valuations. One of the most common metrics for that is the PE ratio. Most of the advise I've heard regarding value investing is to buy companies with low PE ratios. Even in the fundamental analysis series on Zerodha varsity its recommended to buy companies with PE<20. +But as I'm researching more and more, I've found very few companies which have low PE values. Be it the consumer durables sector or the FMCG sector, most large cap and midcap companies have extremely high PE ratios. I use these sectors as an example because that is what I understand and have done maximum research on. +So I want to ask are those days where good companies have such low PE values have gone away? or is there some lack of research on my part? Or maybe these particular sectors have high PE's in general and I should look in other sectors? Please feel free to point out mistakes in my opinion and recommend me how to proceed further as I'm really confused +My dad retired this month and will get a lump sum (~1 cr) and my education loan payment begins next month onwards. +1) I earn ~1 lakh per month (in hand) and the loan EMI would be ~33k per month for 10 years (Loan principal ~28 Lakhs, loan repayment ~38 lakhs at the end of 10 years). +2) My dad's (senior citizen now) retirals put him in 30% tax bracket and my mom is in 20% tax bracket. + +Objective: maximise returns in totality for the family (assuming mother father and self as one unit) + +The solution we worked out was +1) I continue to pay the educate loan and avail tax benefit on interest (30% of 10 lakh = 3 lakhs) +2) Dad invests a lump sum of 20-23 Lakhs with HDFC deposit, getting a 6.8% monthly return. Since he's a senior citizen he gets .25% extra which my mom won't get for another 3 years but his tax slab is higher. However, this lets us protect principal and go for SIP of 10 years +3) This monthly return of ~15k then gets invested by my mother to mutual funds through SIPs with a portfolio of 40-60% equity 10-30% debt and 10-30% gold/real estate. this allows for benefit of averaging and since principal is assured we can opt for higher risk investments with this 15k. I'll be the sole nominee and this amount is reserved for me in case of any need. + +As per my calculations we should be looking at a CAGR of 10% conservatively, 14% realistically, 16% optimistically over a 10 year horizon. + +The caveats here are - since my father invests in HDFC Deposit and his tax slab is 30%, essentially we are getting 10k per month and not 15k. Ie. 6 lakhs lost to tax over 10 years. + +Is there a better way? + +Edit: Thanks for the advice everyone. I further did an NPV calculation assuming scenario 1 where the loan is paid off now and I use the EMI amount to invest in SIPs instead, and scenario 2 assuming I pay the EMIs to avail tax benefits and invest the lumpsum over a 10 year horizon. Paying off now increased my NPV by a LOT! So yeah, if you are lucky enough to have the lumpsum available to pay off your loan it might make sense to do so even at the cost of losing out on tax benefits ONLY and ONLY if you maintain the discipline of truly investing the EMI amount into SIPs as diligently as you'd have paid off the loan. :) +Unsurprisingly, Democrats overwhelming ruled the election in terms of candidates and policies last week. + +There's a newly enacted millionaires tax that nearly doubles the current tax rate (5 to 9%) on any income earned over $1 million. + +For those in Massachusetts, how do you think this will affect high-end real estate in MA? +It completely goes against economy of scale - hundreds of fulltime staff, individually delivering tiny quanties of groceries (at fairly competitive pricing and nominal delivery fee), with all goods spread across many tiny hubs rather than large centralised warehouses. +How is this a viable business model? +Developer news is seriously coiled up right now. Raiden, prism, light clients, ewasp, metropolis hard date, various EEA stuff, and more and more and more. + +ICOs are doing some cashing, especially Tezos nonsense (people are nuts buying this vapor). Confidence in Bitcoin is as bad as ever, causing a droll feeling post Consensus 2017. + +But this next year is looking phenomenal for Ethereum! There is no way to know if we're at the bottom yet. If you're worried, buy a little every day. But without question, a landslide of news is coming. It always does, and holy shit, are we coiled up for projects already in the assembly line. + +**Enjoy the price while it lasts** nothing has changed. Ethereum public chain remains the place where blockchain development happens! All the smart contract competitors are either vapor, or have **orders of magnitude fewer projects/developers**. The head start and capital in this system is simply incomparable. + +Nothing has changed. Ethereum's public blockchain will have the dominate market share within months, likely before the end of the year. Enjoy this bear. Love this bear. And when that bull comes, love it even more. +BOTTOM LINE - U.S. corporate borrowing is on track to exceed last year’s record. But the debt binge is financing stock buybacks instead of productive investment. + +[https://bloom.bg/2OK2BRl](https://bloom.bg/2OK2BRl) +On Friday, the Federal Reserve released its semi-annual Financial Stability Report. In the report, the Fed believes that U.S. house prices have risen sharply in recent years due to ultra-low interest rates, but high house prices may fall sharply in the future. + +&#x200B; + +The Fed said that despite the recent slowdown in U.S. home price growth following the Fed’s interest rate hikes, U.S. home prices remain overvalued compared with indicators such as rents. + +&#x200B; + +According to the Fed: “With valuations at elevated levels, house prices may be particularly sensitive to shocks.” + +&#x200B; + +The report also noted "tight" liquidity conditions in the U.S. Treasury and some other key financial markets; increased hedge fund leverage; and high commercial real estate prices compared to market fundamentals. + +&#x200B; + +In addition, despite previous concerns from the outside world that the U.S. real estate bubble may have reached the brink of bursting and may paralyze the U.S. economy again, Fed Chairman Powell has refuted this statement, emphasizing that compared with the last financial crisis, this time Lenders are much more cautious when issuing mortgages. + +&#x200B; + +This was also mentioned in the Fed report, which said household debt remained at moderate levels. But the Fed report also noted that a downturn in the U.S. economy or a correction in housing prices would put pressure on household balance sheets. +So yesterday I am suddenly unable to make purchases. Today I called the bank wells informed me that I called in yesterday to cancel my credit card. I said I didnt so the guy looked into the issue and said that its being expedited to Florida however since he realized it was fraud, he wouldn't give me the address to where it was being sent. He said that the person that canceled had all of my information including ssnum and mothers maiden name so they passed the security check. I was shocked that there was no email verification to the email address I had on the account or any phone call back verification, or even some notification saying "hey we are shipping your new card out on Monday" . Ive banked with wells for over 10 years and never had any problems but am shocked at this huge hole in their fraud dept. I was told that I could add a passcode to the account that has to be verified when I call in, instead of my mothers maiden name, but they wouldnt take the passcode over the phone because now I have to go into a branch and verify my identity. + + +Any lawyers out there know if there is any way for me to get the address to where they were going to ship the card in FL? I have family there and id like to know if someone close to me is trying to take my identity so I can separate myself from them. + + +How would they even know which bank the credit card was associated with? + + +I should maybe note that I just opened an account with Mint, anybody know if their security is weak? +What are everyone's thoughts on this? Because of the stimulus and people sitting on cash it seems like earnings are way down but the fundamentals of the economy are still strong and this should not lead to a recession but would love to hear everyone's thoughts.. + +[https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart](https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart) + +[https://www.multpl.com/s-p-500-earnings](https://www.multpl.com/s-p-500-earnings) +I’m fairly involved with managing a few portfolios and providing financial advice apart from work. There are times every once in a while when I get extremely exhausted with markets with every Tom, Dick and Harry having an opinion on everything, TV pundits and analysts having opposing views etc. + +Time like these, I have a strong urge to just take pause from research and markets while I regain my attention. I usually just stop doing research, dig deeper into lighter books and news and let my passive portfolio do it’s thing. + +Is it just me who’s prone to this market fatigue or are more of you out there? How do you cope with it? +Wanted to bring back a fantastic quote from Peter Lynch during these turbulent times in the market. I recently have seen a lot of finance "influencers", as you would call it, and YouTubers attempting to time the market. It seems reasonable to do so, especially when the market has been wiggly and volatile in the past couple of months. + +But this quote from Peter Lynch is a fantastic reminder of why timing the market is obsolete. Human emotions are imperfect and trying to time the market is no better than a fool's errand. The better thing to do is to simply invest in businesses that you understand at a good price, and continue to DCA through the downturns. + +Making rash decisions such as choosing to sell everything based upon some hunch that you have is probably going to get you nowhere. + +Hope this helps. + +\-BDover +Hi /r/personalfinance + +Last Friday, my husband was killed while riding his motorcycle to work when a car turned left right in front of him. Despite wearing every piece of gear available to him, he died almost immediately. + +I am a grad student/at home parent while he worked. We have a 4yr and twin 18m olds. I am literally suddenly doing this alone. + +I was, thankfully, the one in our relationship to handle the finances. So I luckily understand and have access to all the accounts. We weren't well off, but we weren't broke either. We were supposed to close on a house on June 16th. + +A GoFundMe was set up over the weekend for my kids and I and it has since reached over $22,000. I am also due to receive a $5000 check from a charity organization associated with what would have been my mortgage company (Veterans United Hone Loans). My FIL also claims that there's was a $25,000 life insurance policy taken out for my husband, but we never knew of it (it's apparently through USAA and I'll receive that check as soon as I send them a death certificate). + +I don't know what my next steps should be. I'm meeting with a lawyer on Saturday to ask certain legal questions, but I'm unsure about how to properly handle all these different bits of money. + +I read that GFM takes a percent of whatever you raise. I also don't know the tax implications of that money. Is it a gift? Or income? + +The gift question as well for the $5000; is that a gift? + +As far as the life insurance, I'm necessarily counting on it. But, if for some reason I do get it, how should I handle that. + +All combined, I'll suddenly have close to $50,000. My husband had no will, estate, plan, etc. I just want to make sure I get this all done properly so I can stretch this money as best I can. I know I'll get SSI survivors benefits (still working on figuring that out, too), but I just want to do this all right. + +Thanks, sorry if its all over the place. I'm slow on the uptake due to... You know. +Throwaway for reasons I don't want people who know my account to know this. + +I have inherited roughly 4.75 acres of land on the opposite side of the country. It is roughly 16mi outside of a major city and the surrounding area is slowly being developed into housing. + +What should I do with this land besides selling it off? The land hasn't been touched in roughly 50 years so it is mostly forest. There seems to be a utility power line running along side the land but other than that not much else. + +I was thinking of spending a month or two and trying to clear out the woods myself with a chainsaw. + +What would you do with this land? +(Bloomberg) -- Nikola Corp. has left a trail of inconsistent statements and contradictory announcements that are now coming under scrutiny from short-sellers eager to poke holes in the electric-vehicle company’s success story. + +Hindenburg Research, which holds a short position in Nikola stock and stands to gain if the shares fall, released a report Thursday detailing what it called “dozens of lies” about the company’s capabilities, partnerships or products. The firm used internal emails, analyzed photos and even cited an investigator dispatched to rural Utah to test how far a car would roll down a hill. Nikola said Hindenburg’s report was full of falsehoods but hasn’t offered anything specific to rebut the allegations. + +It doesn’t take a hedge fund or a private eye to determine that Nikola, which struck a partnership this week with General Motors Co., has a pattern of discrepancies. A look at some of its announcements and filings, along with statements and tweets by Chairman Trevor Milton and other executives over the past few years, yields other examples that weren’t part of Hindenburg’s report. “It’s a bit confusing trying to follow Trevor on his various social media outlets about the timing and cadence of communication of the different variables that you’re talking about,” Jeff Osborne, a Cowen & Co. analyst, told executives on an Aug. 4 conference call. + +Nikola’s shares have tumbled 24% since the Hindenburg report, which, among other sources, cited a Bloomberg story from June about the company exaggerating the capabilities of a truck. + +“We are committed to doing our best to keep the investing public and all of our stakeholders informed and up to date at all times,” Chief Executive Officer Mark Russell said Friday in an emailed response to questions from Bloomberg about the following items. + +Under Construction + +At a press event on July 22, ahead of the groundbreaking of Nikola’s Coolidge, Arizona, factory, Head of Global Manufacturing Mark Duchesne fielded a question on when construction would get underway. “That one is an easy answer,” he said. “Start of construction is tomorrow.” + +The timeline was repeated by Milton the following day in a tweet. But “construction” turns out to be a broad term. + +To facilitate the groundbreaking ceremony, the city of Coolidge issued Nikola a temporary use permit on July 13. The document, obtained by Bloomberg, allowed the company to do some limited ground clearing and preparation for holding the event, along with listing a plan for coronavirus safeguards. It didn’t allow further construction to start beyond that. The company also obtained a Pinal County dust permit around the same time, a legal requirement in Arizona. + +On Aug. 7, the company received its at-risk grading and drainage permit, City Manager Rick Miller said by phone. The permit allows Nikola to clear dirt and do drainage work on the site, but as yet the company doesn’t have the permits required for foundation work, plumbing, electrical or vertical construction, Miller said. The permits are available through public-records requests. + +On Wednesday, Nikola said in a tweet that Coolidge’s city council had approved the company’s “factory masterplan” and that “construction can now go forward.” This is only partly true, Miller said. It was the planning and zoning commission that approved a “major site plan.” The approval will allow Nikola and its architects and engineers to apply for the next batch of permits. + +In a statement, Nikola said that by “construction” it meant everything from groundbreaking to seeking permits. Now that its building plan is approved, “the various permits will be obtained in cadence with the steps of the construction. We remain on schedule for Phase 1,” the company said in an email. + +”The factory will be up in 12 months,” Milton said in a live broadcast on Instagram on Friday night. “The permit was just issued by the city. We are all good to go.” + +Puzzling Partnership + +Nikola has a stated ambition of manufacturing hydrogen-powered fuel cell semi trucks by 2023. Since 2017, it has had an agreement for German auto parts supplier Robert Bosch Gmbh to “develop, build, test and support” various components for Nikola’s prototypes including a fuel-cell system, battery packs, steering pumps and motors, according to a regulatory filing in March. + +The details of which partner is contributing what to the project has shifted over time, and the future of the deal has gotten hazier. + +Nikola agreed to pay Bosch around $40 million for the development, according to the filing. In a presentation to investors in April, Nikola described the agreement with Bosch as a “co-development” and strategic supply chain partnership and said the company would jointly own any intellectual property developed with Bosch. + +However, Nikola executives have regularly stated that Nikola designed, developed and will provide much of the technology for its vehicles -- not Bosch. On Friday, Chief Financial Officer Kim Brady said that Nikola will provide only 15% of the parts in battery electric pickups due to be built in Ulm, Germany, while partner Iveco provides the rest. However, he added that Nikola’s input represents 90% of the truck’s value. + +“We are responsible for Nikola Tre -- the batteries, e-axle, e-motors, inverters, BMS system, infotainment system,” Brady said. “All the key electric propulsion systems come from Nikola.” + +As recently as Aug. 25, Bosch has said that it’s “working with the company to make the fuel-cell drive for trucks suitable for mass production.” + +On Monday, Nikola announced that GM -- not Bosch -- will mass-supply a fuel cell system for Nikola’s Class 7 and 8 semi trucks, as well as the battery packs for its debut electric pickup, the Badger. On Friday, Nikola clarified that Bosch will supply semi truck fuel cells in Europe, while GM will have exclusivity everywhere else. + +“Bosch is an investor, board member and supplier to Nikola. They help us in many facets of our business as our partner,” Nikola said. + +Milton bristled at a claim by a Twitter user that Nikola was jilting Bosch in favor of GM. + +“Bosch as a company with a dedicated hydrogen strategy welcomes the decision of GM to enter this market as an important player,” Bosch spokesman Tim Wieland said in an email. “Beyond that, Nikola and Bosch have been working together for several years, not only on the fuel cell power train but also on other innovations like the steering system and the Mirror Cam System for the first prototypes of the Nikola trucks. The two companies will continue to cooperate in the future, also on fuel cells.” + +Game Changer + +Nikola’s narrative about its battery strategy has also shifted over time. + +In November 2019, Nikola issued a press release claiming to have “game-changing” battery cell technology that it would unveil at an event in 2020. Nikola also said it had entered into a letter of intent to acquire a “world-class battery engineering team” to help bring the new battery to pre-production. + +“We are talking about doubling the range of BEVs and hydrogen-electric vehicles around the world,” Milton said in the statement. + +In July, Milton tweeted that Nikola would “make the entire pack like the top guys do” for its upcoming pickup truck, called the Badger. He said that all internal components, such as batteries, inverters, software and controls, are Nikola’s own intellectual property. “We own it all in house,” he said. + +Milton clarified in a tweet on Thursday that Nikola’s change of direction -- to use GM’s Ultium battery technology for the Badger -- was a result of cost analysis and cost savings. + +Beer Trucks + +Back in March, Nikola said in a presentation to investors that it has a “signed binding agreement” to provide Anheuser-Busch with as many as 800 hydrogen fuel cell electric semi trucks. What the presentation didn’t say was that Anheuser-Busch committed to buy fewer trucks than that, and doesn’t have to buy any at all. + +The deal was first announced in May 2018 and stated the trucks were originally expected to be integrated into Anheuser-Busch’s dedicated fleet by the end of 2020, according to a press release. + +That timeline isn’t going to be met. During the Aug. 4 earnings call, Russell, the CEO, updated investors on the deal, saying, “We do believe that we’ll be able to give them test prototypes before the end of 2021; serial production or mass production of the fuel cell truck will not begin until 2023.” + +That does corroborate with the timeline for production set out in a July filing -- and to be fair, lots of people’s plans have changed this year. But in the same filing, Nikola revealed that Anheuser-Busch retains the right to cancel the truck order, though there’s no indication that will happen. The contract also has lease terms and rental rates that may be hard for Nikola to meet, according to the filing, “depending on our ability to develop our trucks and hydrogen network according to current design parameters and cost estimates.” + +The agreement between the two companies states that Anheuser-Busch gets priority of delivery for as much as 20% of Nikola’s initial “production line of Class 8 vehicles.” To get production going by 2023, Nikola must work to have dedicated equipment in Anheuser Busch’s breweries and distribution centers by the end of 2021, according to the deal terms. Anheuser-Busch only agreed to use at least 600 trucks -- the 800 figure, according to the document, is an estimate of what the brewer will need. + +“They have been, and continue to be, a great long-term partner in our shared vision of a zero-emission future (a Nikola Two prototype hauled our first load over public roads for them in St. Louis not too long ago),” Russell said in the statement Friday, referring to Anheuser-Busch. “Our original agreement with them has been modified over time. The current agreement terms are as we set forth in our earnings call.” + +Anheuser-Busch didn’t respond to a request for comment. The partnership with Nikola will help the brewer transition its entire long-haul fleet to zero-emission vehicles, Anheuser-Busch said last November. + +Prototype Production + +On July 13, Milton said European partner Iveco was already producing vehicle prototypes. + +“We have a truck coming in to production right now with 720KwH, the largest battery we know of anywhere in the world coming in to production,” Milton said on the TC’s Charcast Podcast. “We have five of them coming off the assembly line right now in Ulm, Germany.” + +On Aug. 4, during the company’s debut earnings call, Russell echoed the sentiment, saying that the first five prototypes were “coming off the end of the facility at this point.” + +Those statements were a mischaracterization of Nikola and Iveco’s progress in Ulm, according to two people familiar with the matter. The assembly line is still under construction and not yet operational or building prototypes, the people said. There are prototypes being built by hand in a workshop, one of the people said. + +“As stated previously, the first five production prototypes of the Nikola Tre are being completed, by an assembly team at the Ulm facility. Also as stated previously, the Nikola/IVECO JV mass production line facility in Ulm is still under construction, and is on track for the start of regular serial production in 2021,” Russell said Friday. “We anticipate that a number of current IVECO personnel will join the Nikola/IVECO JV production team in Ulm.” + +Nikola’s Guidance + +Here’s when Nikola has said it will hit its big milestones, based on filings, statements and interviews: [ ] + +https://www.bnnbloomberg.ca/nikola-s-history-of-discrepancies-has-been-hiding-in-plain-sight-1.1492855 +I wanna share how i became a millionaire using technical analysis and maybe you can do it to. + +Technical analysis is the study of statistical trends, collected from historical price and volume data, to identify opportunities for trade. Technical analysts observe patterns of price movements, trading signal and other analytical tools to evaluate the strength and weakness of an asset.   + +Technical Analysis can be applied to any security with historical trading data such as cryptocurrencies, forex, commodities and stocks. + +A chart of prices and volume represents all the past decisions taken by market participants (buying and selling). This information will, in turn, affect future participant decisions in two ways: + +* **Psychological**: What you did in the past affects how you approach future situations. For example, many traders tend to focus on the price at which they bought an asset, and if it declines, they want to sell when it reaches break-even again. +* **Reflexive**: Some traders identify trends and chart patterns which are common, and act accordingly (buying or selling). If a sufficient number of participants follow the same strategy, it is expected that these chart patterns will follow the expected outcome and that the trend will likely to be sustained by more and more participants joining the trend. + +**Bollinger Bands** + +Bollinger Bands display a graphical band (the envelope) with a simple moving average in the middle. The width of the envelope expresses the volatility. + +Volatility refers to the rate at which the price of an asset can increase or decrease. A higher volatility means that the asset can potentially **fluctuate rapidly within a larger range of value**. + +&#x200B; + +https://preview.redd.it/pqjqtkv7vtg61.jpg?width=1600&format=pjpg&auto=webp&s=e1d0ccd3978189d96ff1c49991c8fd7d602eb716 + +**Moving Average Convergence Divergence (MACD)** + +Moving Average Convergence Divergence (or MACD) is a trend following indicator that looks at the combination of two moving averages: + +* A short-term moving average +* A long-term moving average + + +These two moving averages are combined to identify what is the current trend and if there is a change in the momentum. + + +The MACD lines displayed below can be interpreted as follows: + + +* If the blue line (MACD line) is above the orange line (Signal line), the momentum is bullish. +* On the contrary, if the blue line is below the orange line, the momentum is bearish. +* When the lines diverge, it denotes a strengthening of the current trend while a convergence shows a trend reversal. +* When the lines cross, it is likely that the change in momentum is confirmed. + +&#x200B; + +https://preview.redd.it/d1iv2s4bvtg61.jpg?width=1600&format=pjpg&auto=webp&s=f4f063008c7a3775a6021b6047c3c7b179abc7db + +**So what did i do?** + +**I started with the basic, BUY HIGH, SELL LOW. I used $2.500.000,- from my wife, put in crypto. Lost 50%. deposit the rest into my account. $1.250.000,- profit.... Simple like that.** + +**Your welcome** + +Source: [https://swissborg.com/blog/how-to-apply-technical-analysis-to-cryptocurrencies](https://swissborg.com/blog/how-to-apply-technical-analysis-to-cryptocurrencies) +Long time lurker - first time poster. + +Curious what the great minds here suggest considering my situation. + +I’m married with no kids, mid-thirties with plans to maximize financial situation before the family grows in - likely - five years. + +My financials: + +- Own a $700k condo in DC, renting it out for a price that covers mortgage + HOA. + +- 401k at $300k, making max contributions, company matches up to 5%. + +- Contributing to HSA. + +- Curious about Roth IRA. + +- No credit card debt, everything paid off each month. Credit card limits add up to $215k, score 800. + +- Emergency fund of $30k. + +- Salary employee making $370k/yr in time consuming occupation. + +Personal story; + +- Renting in DC while we plan our next financial move, wife interested in leaving her $100k/yr job for something less corporate like real estate. + +Questions; + +- Perhaps time to invest in ETF’s? Indexes? Mutual? If so, which segment is more aggressive option; renewables? Infrastructure related? Would love to know your thoughts. + +- Is it better to keep saving until purchasing property #2? If so, what’s best approach (for those who own more than one house/condo) + +- Of course I want to limit my tax liability. + +I had a financial advisor but outgrew the advice. Was paying $1000k a year for him to tell me “get married.” + +I’m not wealthy enough (as in don’t have $250k to invest) for other, major advisors to manage my accounts. + +Have a feeling the folks here will give more creative advice anyway. + +Thank you in advance! +I am thinking about buying a fourplex with an FHA loan and plan on living in one of the units for at least the first year while renting out the rest of the three units. This will be my first loan ever so I am a bit confused about the whole loan process in general. After that first mandatory year that I must live at the fourplex, I want to buy another fourplex or single-family house that I would need an additional loan for. How do people start out with these loans and then move on to having multiple loans like this, is it as simple as just having enough money for another 20% or so down payment for another property? Thank you in advance for any advice/comments and I will reply as quick as I can if I have any more questions, the reddit community is the best! +*This post is for educational purposes only. Do your own research and make your own decisions before acting on them. Just because this information is correct now, doesn’t mean it will be correct every other day. HFs have a lot of tricks. No one knows what will come next...* + +**EDIT10 (6/21): It is more clear to me now that ETF FTD's do not behave the same as the GME FTDs that I use as examples. The ETF FTDs are a work in progress. The ETF FTDs should be weighted as well. If you find a pattern in the ETF FTDs, I'm open to hearing it!** + +\-------------------------------------------------------------------------------------- + +**TL;DR:** + +* **Every spike that is seen can be traced back to T+35.** +* **I show 1 min spikes to back this claim up** +* **I provide a guide on how to setup this data yourself.** + +# Preface + +Almost 2 weeks ago, I posted some DD about T+35. + +[T+21 is NOT actually a thing! \[Counter DD\]](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/) + +I claim that T+35 is the only T+X that is important, and other T+X “cycles” are actually just from T+35. This concept goes against the general consensus, so as expected... I got mixed reviews. Since then I have seen a different T+X, T+Y, T+Z theory every day, but there is always a catch or some sort of guessing applied. Or the cycle is T+21 one month, but T+19 the other month. As you may imagine, this has gotten frustrating for me. There is no shade being thrown at other DD writers. I just want everyone to realize how simple this is so we can all be on the same page. + +&#x200B; + +**My T+35 theory doesn’t have guess work. It works every time and it’s based on free data that anyone can get.** In this post, I will show you how. (I know this is starting to sound like an infomercial, but stick with me) + +# Where my T+35 theory comes from... + +**Reg SHO Rule 204** ([https://www.law.cornell.edu/cfr/text/17/242.204](https://www.law.cornell.edu/cfr/text/17/242.204)) states HFs need to cover their FTDs “before regular trading hours on the 35th day after the FTD date”. My T+35 theory shows they wait until the last possible day to cover, so the 34th day after the FTD date (this is why our third column formula was “=A1 + **34**”). If the 34th day lands on a weekend or holiday, bump it forward to the next business day. + +Reg SHO states that you cannot short a stock if you have FTDs open. Once the FTDs get covered on that day, GME’s price will not return to that point. + +That’s it. That’s all you need. + +&#x200B; + +**It’s as simple as…** + +1. Get the FTD data +2. Count 34 calendar days (FTDs need to be covered BEFORE the 35th day) +3. Those FTDs will be bought all at once on that trading day. + +&#x200B; + +# Oh, you want to see an example? + +Okay, sure. + +I have picked out days from April because the FTDs are large and the volume was small. It is very easy to pick them out. + +How about… **April 21**. 32,220 FTDs need to be covered. The day’s volume was low, but there was a 1m volume spike at 12:23 EST of 39,000. GME’s price never came back afterward. + +&#x200B; + +https://preview.redd.it/c82wf7csqm571.png?width=451&format=png&auto=webp&s=ca4a553ffb37e4eb7ef574f3bdd7efc21bbcd413 + +https://preview.redd.it/stvi493tqm571.png?width=760&format=png&auto=webp&s=c63c88a3ef43b64a79c124bf49fc0aaff0057ec9 + +**April 19**. 140,554 FTDs need to be covered. GME was rising quite fast on it’s own. Remember, they can’t short a stock when they have FTDs that need to be covered. So at 10:25 EST, There was a big jump in volume up to 160k and then the price dropped for the rest of the day. + +&#x200B; + +https://preview.redd.it/lb5q8rbvqm571.png?width=449&format=png&auto=webp&s=6fa055c19c2cf90d9cd6c8bddd1c201c5d5d1543 + +https://preview.redd.it/px47llyvqm571.png?width=805&format=png&auto=webp&s=e344df65f5219edef1d3f7708357a728c5793130 + +You see? It's that easy! + +&#x200B; + +# Meh... this seems like a coincidence + +Okay, fine... I'll keep going. + +&#x200B; + +**April 16** \- 46,344 FTDs + +https://preview.redd.it/cmrtpjd1rm571.png?width=449&format=png&auto=webp&s=feaf916cbd63dffe35c043ca34ffeebfb81ee19d + +https://preview.redd.it/3f8jcft1rm571.png?width=805&format=png&auto=webp&s=89bad926ace29cb36dfb23cfed018e78e642e653 + +&#x200B; + +**April 15** \- 155,658 FTDs + +https://preview.redd.it/n75at1i4rm571.png?width=448&format=png&auto=webp&s=5b314710aa16ba499713776eccf36306c5826688 + +https://preview.redd.it/rjz3cpw4rm571.png?width=758&format=png&auto=webp&s=a027c39558f072760bb8c02bc2601580da764abc + +&#x200B; + +**April 1** \- Two days needed to be covered this day because 4/4 was a weekend. At 1:25, there was an 83k volume spike followed by a couple 100k-150k volume candles. + +https://preview.redd.it/dtcgi377rm571.png?width=449&format=png&auto=webp&s=04879f53d128e51679420c3c9acd23be166d06dc + +https://preview.redd.it/hjktf658rm571.png?width=763&format=png&auto=webp&s=eb96ccede1210db6c24950eeb0f689db122b6f99 + +&#x200B; + +**April 30** \- 86,859 FTDs. This one got split between two minutes on my chart. The average 1m volume was between 30k-40k shares. And then there are two 70k-80k volume candles at 9:50-9:51 am. + +https://preview.redd.it/vezj8zkarm571.png?width=453&format=png&auto=webp&s=06957bcdbaeeaa47ba59f34382e1811182c2b07a + +https://preview.redd.it/fb1lqpyarm571.png?width=855&format=png&auto=webp&s=238276a529cc1e48c34e06e58e9bce7b3a817843 + +I can keep going. These are the easy ones to spot *just* in April. + +# So what about ETF FTDs? + +Days with large ETF FTDs also see spikes like this. But it doesn’t convert well enough to show. For instance, 1.9 million ETF FTDs might convert to a 120,000 share GME spike. If someone wants to continue this research and find a way to convert the ETF FTD count into GME shares, go ahead. + +# Why do some days lead to large gains and some days drop immediately after the FTD cover? + +I wrote about that in my last DD: + +[SLD DD \[A predictable monthly pinch on capital leading to GME gains\]](https://www.reddit.com/r/Superstonk/comments/nz7mwl/sld_dd_a_predictable_monthly_pinch_on_capital/) + +&#x200B; + +But here’s what you need to know if you can’t read two DDs in a row: + +* There is a period that **starts on Wednesday** before monthly options expiration and **extends to 9 days after** monthly options expiration where the 30 largest financial companies need to **make large deposits** to the NSCC. +* During those days, they have **less money** and need to be careful not to spend more or they will get **liquidity called**. +* Meaning T+35’s with large FTD days that fall in the SLD period will increase GME’s price a lot more than large FTD days that fall out of the SLD period. **Once the price of GME rises within the SLD period, it does not come back down** until 2 days before the end of SLD. + +&#x200B; + +I even mapped out the SLD periods: + +https://preview.redd.it/ys4ovwzurm571.png?width=1246&format=png&auto=webp&s=16a4fcd208abfca25a479f87f5f54fc590b2af06 + +&#x200B; + +March 5-10 is the biggest spike outside of SLD. Those can be associated with ETF FTDs. + +&#x200B; + +https://preview.redd.it/enpanyhxrm571.png?width=448&format=png&auto=webp&s=3c9b8bb8bb070fe3283ecdb7874e7e94eb283339 + +# How do I see this for myself? + +Download the FTD data from the SEC: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) and pull out every line with GME and every line of the ETFs GME are in. But that’s a lot of work. Luckily, a lovely ape by the name of u/nequin made a website to do this all for you. + +&#x200B; + +Get the FTD data: + +1. Go to [https://failedtodeliver.com/?symbols=GME](https://failedtodeliver.com/?symbols=GME) +2. Make a spreadsheet. + 1. Column A is the FTD date. + 2. Column B is “=A1+34” and fill down. + 3. Column C is the number of GME FTDs + 4. Column D is the number of ETF FTDs + +&#x200B; + +**ETFs with GME** + +[https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU](https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU) + +&#x200B; + +EDIT 7: I posted my dataset for the people who want to compare. [https://www.reddit.com/user/dentisttft/comments/o1k5s4/t35\_dataset/](https://www.reddit.com/user/dentisttft/comments/o1k5s4/t35_dataset/) + +&#x200B; + +EDIT 9: There were some issues brought up in the data. But they shouldn't be issues. Trust the files or [failedtodeliver.com](https://failedtodeliver.com), they are the same. + +**~~EDIT 6: IT HAS BEEN BROUGHT TO MY ATTENTION THAT THE WEBSITE IS OFF BY ONE DAY STARTING IN APRIL. PROBABLY BECAUSE OF THE HOLIDAY. I HAVE TAGGED THE PERSON WHO CREATED IT. SO MAKE SURE YOU DOUBLE CHECK SOME DAYS WITH THE FILES UNTIL ITS FIXED.~~** + +**~~EDIT 8: APPARENTLY THE WEBSITE USES THE FILES, SO EDIT 6 IS NOT COMPLETELY CORRECT. THERE IS A DISCREPENCY BETWEEN THE FILES/FAILEDTODELIVER.COM AND THE SEC'S FTD GRAPH.~~** [**~~https://sec.report/fails.php?tc=gme~~**](https://sec.report/fails.php?tc=gme) + +**~~THE FILES SKIP APRIL 21 (WHICH IN MY OPINION MEANS ZERO) AND HAVE APRIL 30, THE GRAPH WEBSITE HAS APRIL 21 AND SKIPS APRIL 30. SO I THINK THE GRAPH WEBSITE MIGHT BE INCORRECT.~~** + +&#x200B; + +Important Notes: + +* Column A is the settlement date when the share officially becomes an FTD. +* Column B is the last possible day to cover the FTD + +&#x200B; + +Your spreadsheet looks like this… + +https://preview.redd.it/ox473wz4sm571.png?width=451&format=png&auto=webp&s=0efc2bda56da1c16e3ab3ea4887db568cdbf43b8 + +# Now what? + +1. Google search “what is today’s date” +2. Find that date in column 2 (the +34 day) +3. Follow this flow chart. + +https://preview.redd.it/4ag11hd7sm571.png?width=292&format=png&auto=webp&s=7fc674526dbcd541c60490e9661581559fadade3 + +In my experience, a “large number of FTDs” is 70,000+ for GME FTDs or 1-1.5 million FTDs for ETFs. + +Again, this is not guaranteed. This is just based on patterns I’ve seen. There are plenty of tricks that probably have not been shown. Don’t do something stupid based on this data, its for education purposes only. + +# Should my tits be jacked!? + +Here's the new data for this next week... Use your new knowledge from this post and you decide! + +[EDIT5: Fixed the hightlighted section. Accidentally had June 15th in there when it shouldn't be.](https://preview.redd.it/6a5dvr1jxn571.png?width=597&format=png&auto=webp&s=cc76d854e680a88d218b11774b70e0b805276687) + +&#x200B; + +# FAQ + +**New FTD data just came out yesterday. So what about June?** + +The ETF FTDs are quite large for the next 5-7 trading days. Combine that with SLD starting on June 16 ~~17~~, things look good. + +EDIT5: Accidentally had the wrong date typed here and the wrong dates highlighted in the photo. + +&#x200B; + +**Why do the last two days of SLD not behave the same as the other days?** + +Not sure. My guess is that HFs have 2 days to pay a liquidity call. So there’s no point in liquidity calling them when they are about to get their money back. It also usually is at the end of the week when option premiums get extremely high, less calls are bought, and gamma ramp slows down. + +&#x200B; + +**How long does it take before GME/ETFs show up as FTDs?** + +They become FTDs when the trade settles. So for GME FTDs, its T+2. For ETF’s, its T+6. (shoutout to u/karasuuchiha for pointing out the ETF settlement time to me) + +&#x200B; + +**What causes GME FTDs?** + +This is where the idea of “cycles” comes from. When FTDs fall in SLD and GME spikes, it creates a lot of ITM call options. When those call options are exercised on Friday, they become FTDs upon settling (T+2 settlement). *Note: Buying and selling option contracts settle in T+1, but exercising contracts is T+2*. This causes a lot of new FTDs that need to be covered in 34 more days. **Thus creating an obsession with “cycles” and why other “T+X cycle” theories fall short.** It’s literally just ITM options from the last SLD + FTD spike price increase will create new FTDs on Tuesday (or Wednesday with a holiday). + +&#x200B; + +**What causes ETF FTDs?** + +SSR!!! Remember all those days when SSR didn’t stop GME from going down? It’s because GME is shorted through the ETFs causing ETF FTDs 6 days later when they settle. It did something, it’s just not immediately seen. + +&#x200B; + +**I’m still not buying it. There are definitely spikes every 21 days!** + +Well, I tried. Erase what you know about T+21 cycles and try to understand and apply this post. And maybe you will eventually see what I see. + +&#x200B; + +**What about Net Capital?** + +I don’t know. I avoid FINRA things because in the end… it’s just FINRA. This is based off of NSCC rules. I’ve found enough correlation in only using FTDs and SLD that I didn’t think I needed to look into Net Capital too much. They could definitely both be happening, but in the end, I don’t think it’s too important. I’m open to someone changing my mind on this if you can show me the data (not the rules) to support that Net Capital has more correlation than SLD. + +&#x200B; + +**What else should I know?** + +Rule 204 says the 35 day exception applies when you have a long position on the stock. If they’re shorting, how do they get to say they have a long position? I have a theory, but nothing concrete. + +&#x200B; + +**TL;DR:** The TL;DR is at the top of the post you sweet, tender, smooth-brained ape. + +&#x200B; + +Now that I have more eyes on my posts, I’m hoping this theory sticks better than the first time. In my opinion, getting distracted on other types of cycles is diluting focus. + +&#x200B; + +pce\~\~ + +u/dentisttft + +\---------------------------------------- + +Shoutout to u/wJFq6aE7-zv44wa__gHq for letting me bounce ideas off of them! + +&#x200B; + +EDIT1-3: formatting fixes + +EDIT4: Added "Should my tits be jacked!?" section + +EDIT5: Fixed the dates on my new section. I rushed it and highlighted June 15 on accident. + +# Bonus Round! + +I posted my SLD DD on June 13th at 6:23 PM EST. 6 hours later at 12:02, Elon Musk posted this on Twitter. + +https://preview.redd.it/83o4bvpgsm571.png?width=616&format=png&auto=webp&s=4527094e5aa1d136adabc4dd554778ac29b5590c + +Is it about my DD? No idea, probably not. But it’s fun to think about. If any of the RC Tweet analyzers can find a definite connection, that would make my day. +SPY has a 0.0945% expense ratio while the other four listed all have 0.03% expense ratios and similar dividend yields? + +You clearly lose 0.05% compared to these other ETFs and over 30 years that could translate to 1.5-2% reduction in your portfolio. + +Is it because that 2% is pretty insignificant? On $1M that would be about $20K + +Edit: So the answers I’m getting are volume related. However, others have pointed out that volume would only be more beneficial if I was trading options due to factors like liquidity and smaller spreads. I’m not holding options against my SPY holdings so I wouldn’t really benefit too much from that side. My strategy is more buy and hold for 30 years on this so the advice seems to favor a lower expense ratio ETF in that case. +[https://www.foxbusiness.com/markets/trump-orders-federal-retirement-money-invested-in-chinese-equities-to-be-pulled?fbclid=IwAR0j0wjfzVGCmfM6HrQgfJHh9YIL1eTWXpFT52c4KE-q7\_wJYIRItmOtjgA](https://www.foxbusiness.com/markets/trump-orders-federal-retirement-money-invested-in-chinese-equities-to-be-pulled?fbclid=IwAR0j0wjfzVGCmfM6HrQgfJHh9YIL1eTWXpFT52c4KE-q7_wJYIRItmOtjgA) + +"[President Trump](https://www.foxbusiness.com/category/white-house) is moving to cut investment ties between U.S. federal [retirement funds](https://www.foxbusiness.com/category/rethinking-retirement) and Chinese equities, FOX Business has learned in a move that is tied to the handling of [COVID 19.](https://www.foxbusiness.com/category/coronavirus) + +In the first letter written Monday, obtained exclusively by FOX Business, national security adviser Robert O’Brien and National Economic Council Chair [Larry Kudlow ](https://www.foxbusiness.com/category/larry-kudlow)write to U.S. Labor Secretary Eugene Scalia stating that the White House does not want the Thrift Savings Plan, which is a federal employee retirement fund, to have money invested in Chinese equities." +This is a no brainer for me. We own the float. We've already won. The Game has been Stopped. We are just waiting for the other players to finally accept their defeat. + +And we are going to do amazing things with this generational wealth. We will actually change the world for the people. Why? Because we are the people. We are not greedy corpos. We have seen struggle, we have persevered, we have done our due diligence. + +And we will see this Game to the end, where we will finally collect our rewards. + +#🦍 Ape Together Strong 🦍 +&#x200B; + +[Banner Submission by: u\/Oskar\_Potocki ](https://preview.redd.it/jroau0fm5rw61.png?width=1164&format=png&auto=webp&s=bb76030792940c943c4dc41fabae8ffa29678b8c) + +# Good Morning Superstonk!! + +Hope y'all had a happy weekend!! + +It's finally Monday again!! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +[I heart Monday mornings](https://preview.redd.it/kq53bg3ibrw61.jpg?width=817&format=pjpg&auto=webp&s=567c785dd7f2953a13d275874cbdfba22c815ded) + +# 🚨Breaking News🚨[Gamestop announces expansion of 700,000 sq. ft. fulfilment center🚨](https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york) + +This just in... Gamestop needs more room for cool stuff. + +&#x200B; + +Gamestop announced today the expansion of its North American fulfilment network through its entry into a lease of a 700,000 sq ft fulfilment center in York, PA. This expansion will position Gamestop to grow product offerings and expedite shipping along the East Coast. + +# But wait.. there's more! GME is [DEBT FREEE!](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-voluntary-early-redemption-senior-notes) + +# BULLISH AF!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Top Story: The US House Committee on Financial Services Hearing Date set for Thursday May 6, 2021 at 12:00 Eastern + +## Title: Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III + +**The Financial Services committee announced they will be holding** [**Part 3 of their Gamestop hearings**](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748) **this Thursday.** + +&#x200B; + +[That witness list 👀](https://preview.redd.it/ugsvu551erw61.png?width=640&format=png&auto=webp&s=5dfb8917f9fcbac19fb13832b0cfe67e9a3c138e) + +Check out the witness panel. Not only are we hearing from the new SEC man himself, [Gary Gensler](https://www.investopedia.com/who-is-gary-gensler-5095448), but we are going to hear from the [DTCC](https://www.investopedia.com/terms/d/dtcc.asp) and [FINRA](https://www.investopedia.com/terms/f/finra.asp) as well. That's it- that's all the key players sitting at one table. Talk about a high stakes poker game. Whose bluff will show first? + +To be clear, I personally am not expecting ground breaking results from this hearing. I don't usually enjoy partaking in such political theater but I am obviously invested in this topic in multiple ways and I look forward to the relevant entities finally at least having to speak for themselves. I wait with bated breath to be proven wrong 🙃. + +[Prove me wrong](https://preview.redd.it/ejdoet43hrw61.jpg?width=950&format=pjpg&auto=webp&s=1fe0c4a48c4f51cfc2f1acad8c870ae883e44bfe) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📣AMA News- Our next AMA guest announced: Dave Lauer, Market Structure and High Frequency Trading Expert and former Citadel Employee + +**AMA to be live streamed on the Non-Monetized** [**Superstonk Live YouTube channel**](https://youtu.be/fGVY2Kco8ng) **this Wednesday, May 5th, 2021 at 3pm Eastern** + +Superstonk Live is on fire and we thought, why not strike while the iron is hot and get another wrinkly brain to come join us? But we didn't get just anyone. We got Dave Lauer. + +As a former Citadel employee, Dave's expertise is in market microstructure. Dr T. understands everything that happens after the trade takes place, and he understands everything that happens on the other side - how orders are handled by retail and institutional brokers, how they are routed through the complex set of pipes and markets, how high-frequency trading firms trade on and off-exchange. He can talk about dark pools and internalization systems, and he can talk about market regulation and rules. + +And this AMA will be hosted by our very own u/Jsmar18! Here's a little note from J: + +*Hey guys! Jsmar18 here, and I'm the lucky primate who'll be hosting the next* r/Superstonk *AMA with Dave Lauer, otherwise known as* u/dlauer\*.\* + +*Who am I? I'm a recent addition to the Mod team and write DD with a focus on HFT, market structure and a sprinkle of exchanges to help us apes peel the ever so complex onion that is the US stock market.* + +*I look forward to reading through and compiling the many questions you have for Dave, given his wide reaching experience in the industry. This is going to be one awesome session that you cannot miss!* + +[Dave Lauer, Former High Frequency Trader and Exchange Expert](https://preview.redd.it/fe2vaszc8tw61.png?width=400&format=png&auto=webp&s=827c502a2c680bd78c9579012a13d0049e360e1f) + +[**AMA post is now live! Submit your questions now!!**](https://www.reddit.com/r/Superstonk/comments/n3o6ng/official_ama_dave_lauer_may_5_2021_300_pm_edt/?utm_source=share&utm_medium=web2x&context=3) + +***Note that Mr. Lauer will obviously not be able to answer any sensitive questions directly concerning any of his previous employers or their practices and strategies.*** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**We've had a lot of questions about how to vote, where to vote, and what investors are voting for. Here with an article on Proxy Voting is** u/Bye_Triangle\*\*:\*\* + +# Proxy Voting and you! + +DEMOCRACY! + +Last week, as many of you know already, GameStop released their Proxy materials. If you are not yet 100% on what that exactly means that's okay, I got you. Essentially, these Proxy Materials lay out what we will be voting on and why, when it comes time. Now, some of you have already gotten the chance to vote, and that is awesome. + +For those that haven't gotten the opportunity yet, your time will come. I personally am still waiting on my turn, do not worry if you are still waiting. If you aren't sure if you will be able to vote... + +**CONTACT YOUR BROKER, THEY ARE THE ONLY ONES WHO WILL BE ABLE TO ASSIST YOU BASED ON YOUR EXACT CIRCUMSTANCES!!!!** + +It is extremely important that you aren't just taking advice on this from the subreddit, every broker has slightly different ways of doing things, and in this subreddit there are people from all over the world, using brokers with all sorts of different rules under all sorts of different legal systems. So I reiterate: + +CONTACT YOUR BROKER IF YOU HAVE ANY QUESTIONS OR CONCERNS ABOUT YOUR VOTE!!!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +So, with that out of the way, we thought it may be important to touch on the process of voting again, this vote is incredibly important and could determine the future of GameStop as a company... Squeeze or no, it should be regarded as a priority for you to take the time to make your voice heard. You have invested time and money into this company and it would be a waste to not vote if you can. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Steps to Voting:** + +1. HAVE YOUR CONTROL NUMBER + +Obtained from your broker, not to be shared with anyone. This number should be confidential. + +2. INPUT THAT CONTROL NUMBER THROUGH OFFICIAL CHANNELS ONLY (THROUGH THE GAMESTOP CORPORATE SITE OR LINKS FROM YOUR BROKER). + +Do not input your control number unless you are 100% sure that the site is legit. + +3. UNDERSTAND WHO AND WHAT YOU ARE VOTING FOR. + +Take a moment to see what the board recommends you vote for if you are unsure. This community can not tell you how to vote, only you can decide that. + +4. SUBMIT YOUR BALLOT. + +5. SHARE WITH EVERYONE HOW PROUD YOU ARE TO HAVE VOTED. + +&#x200B; + +Gamestop's Board of Directors is urging everyone to vote as soon as possible. Many speculate that there may be some short-seller-related fuckery with the votes given how badly they are likely hurting right now. With the untold number of borrowed shares and phantom shares flying around it certainly seems possible we may see a substantial number of over-votes (votes that exceed the total number of existing shares). It is unclear exactly how this will be handled if it does come to fruition, so it is best you vote the moment you are able. + +[Vote!](https://preview.redd.it/7yz2km11asw61.png?width=842&format=png&auto=webp&s=430dc7bb4efe76f901437708f04b5a2e3411b1a3) + +[Here's what Queen Kong herself](https://www.reddit.com/r/Superstonk/comments/n1e9t8/why_voting_is_so_important_from_the_ama_with/?utm_source=share&utm_medium=web2x&context=3), aka Dr. T has to say about the importance of exercising your right to vote in corporate elections. + +# Back to you, u/PinkcatsonAcid! 🐈 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Melvin Capital Management Amends 13F Form to Request Confidential Filings of Ownership + +Ol' Melvin really doesn't want you to know what they've been up to in the last quarter, apparently. Melvin has [filed an amendment](https://sec.report/Document/0000905718-21-000618/?__cf_chl_jschl_tk__=f15912655208b042e33d89452f68c9fe4e54e7ac-1619984995-0-AW8PakhNpSqVR-2DDXzBIevxTp3jPNn3bwDdAYTTWMN8kemfjMxZ81waJLqReBr8hkKKdpu-dodn1rAVDb0p4jGTQggKCq1WXAvc2LjyM6W231blc46HkXo1hVLM3gsWEMJlM7e4-3Z-aVgZxeKvYAJ-GOVlJzsqNvfLCVPW8u14iaXgFj3oJY85gcp6qx46cNqU9HUlZ1ca30yStap2ElyY4hRiT8CG9nFu2h9FaWUm7iUYabSaCEcm2mvyTLyFXtRI-kaBtjzc6tUJKeDpp6iVpUAeGLUD6_FlhEDNYvgIAdvbwB_NwfFT6IkT7YYbnRv6o9aqRowsxbCGXk3z3wvGS9ifwi4ETELUM33nPlWGQHVI_4MJiSeL-DQH4-BQnfmEFuvRuXTjwjRZ9gw4Ne0ZTMfD9RGMo5MAf0FNEaZXKwlLpqCr4YUe-73Iz43CipMfH2j1uUssS7QLDgzFAqVlRxUuDpQRHcCo9KqOQTC6zYkhHosHVUTWZYlqeKYZxg) to their 13F form with the SEC in order to be able to keep certain holdings of theirs private and their positions reported separately, confidentially, and directly to the SEC. Why does this matter? Well Melvin isn't proving those gains they claimed earlier this year... + +"Yeah I have a girlfriend"- Melvin, [claiming 22% gains in February](https://markets.businessinsider.com/news/stocks/gabe-plotkin-melvin-capital-gained-february-gamestop-saga-2021-3-1030149610). + +"Oh yeah? Show us a picture!"- [SEC wanting their 13F form](https://www.investopedia.com/terms/f/form-13f.asp). + +"Oh, uh.... you wouldn't know her. She goes to a different school."- [Melvin wanting confidentiality on their 13F](https://www.reddit.com/r/Superstonk/comments/n30yz1/looks_like_melvin_has_something_to_hide_they/?utm_source=share&utm_medium=web2x&context=3). + +That's basically what just happened. + +&#x200B; + +[Who knows what they actually hold ](https://preview.redd.it/emfkadrvjrw61.jpg?width=996&format=pjpg&auto=webp&s=61c6d9103de520dcb71d3a29018d052456c0a889) + +[Here's an interesting DD](https://www.reddit.com/r/Superstonk/comments/n090ge/what_exactly_happened_with_melvin_capital/?utm_source=share&utm_medium=web2x&context=3) that dives into Melvin's magical numbers. 🦄🦄🦄🦄 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# FUD, Shills and Bots, Oh My!! + +We've been talking about auto-mod and the heightened karma requirements to interact on the sub. I also have seen a lot of you commenting on how pleasant it is to peruse the sub now, and you have all gotten your spidey sense for shills fine tuned, I'm so proud of you! 🥰 + +Really, I want to speak to that for a minute. Because I realize, 6 months ago, I would have thought someone was nuts for speaking about/like this. But we are in the middle of some of the greatest [psychological warfare](https://en.wikipedia.org/wiki/Psychological_warfare) in human history right here in this very sub. You know that, I know that. And this is just your reminder that *you're not crazy and this is not normal.* + +I have been screenshotting the senseless harassment and strange confrontations that go beyond just internet trolling since January. I've had hate posts about me way before becoming a mod, and I know many of you have too. Does that make sense to you? I'm literally an anonymous pink cat in an internet forum, up until recently just posting stupid memes and such... why are there petitions to have me put in *jail*? + +Because this is ***big***. Dr. T has said it herself. **THEY ARE SPENDING** ***A LOT*** **OF MONEY TO KEEP US QUIET.** + +Y'all know the vibe of the sub by now. The transparency, the camaraderie, the brilliant & respectful discussion, the overall understanding of the rules of the sub and trust of each other and the mod team (which we appreciate and don't take lightly!) all of these things are what makes this sub like the City of Athens. We are a thriving community with a strong wall to protect the brilliant minds and civil discourse inside so that knowledge and information can grow. We have to hold the wall so that we can nurture the city. (This is in the essence of the words of our mod u/StonkU2 🤜🤛) + +So when you see something that *doesn't* vibe, and you file a legitimate report against a user, you are contributing to keeping this Great City free of the propaganda that they want to litter our streets with. Mods are not here to control the sub. We are the police. The watchmen. And you can be sure that the watchmen are watching their fellow watchmen. 🧐 + +Which brings me to [this statement](https://www.reddit.com/r/Superstonk/comments/n3l8my/weekend_update_housekeeping/?utm_source=share&utm_medium=web2x&context=3) from our mod, u/redchessqueen99. It describes in detail the **unanimous** decision to remove one of our mods. I don't want to dwell on this, and I will not be making any statements about this. Red has spoken for the entire mod team after much deliberation and conversation. Again, this is a unanimous decision and we stand as a team. YOUR mod team. Our motto is and always will be, ape first, mod second. + +Edit: more details on the mod removal can be found [here in u/rensole's comment](https://www.reddit.com/r/Superstonk/comments/n3l8my/weekend_update_housekeeping/gwsc6c1?utm_source=share&utm_medium=web2x&context=3) + +When y'all tag me in a sus post, I respond as quickly as possible. I screenshot everything, our whole mod team does. We keep receipts for absolutely any mod action we take because we realize the responsibility here. This isn't a regular sub. This is the greatest sub on reddit. 💖💎🙌🚀 + +I strongly encourage you to continue to report legitimately suspicious activity. I see you 👀 out in the wild, expertly picking out shills from the bushes and defending the integrity of this community. It's like every week this sub and its members level up... and we are getting thrillingly close to the Master Sword here. Keep up the good work! Remember- it's hard to know you're reading history when you're the one writing it. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +[ ](https://preview.redd.it/bjg7zb84ltw61.png?width=554&format=png&auto=webp&s=e56affd43719551fdd04d4fdaa79f38ced49e8a0) + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +[I got time 💎🙌](https://preview.redd.it/zx2psvmaptw61.jpg?width=596&format=pjpg&auto=webp&s=abc5d91d19f463525786bd54008a0b16fe15308d) + +&#x200B; + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) +Elon Musk said his $44 billion bid for Twitter Inc. TWTR -8.18% can’t move forward until the company is clearer about how many of its accounts are fake. + +In a tweet early Tuesday, Mr. Musk said, “yesterday, Twitter’s CEO publicly refused to show proof of <5%.” + +“This deal cannot move forward until he does,” he said. + +He added: “20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.” + +He said his offer “was based on Twitter’s SEC filings being accurate.” + +[Source (WSJ)](https://www.wsj.com/articles/elon-musk-says-twitter-bid-cant-move-forward-without-more-clarity-on-fake-accounts-11652775337?mod=hp_lead_pos2) +The top market cap companies in the S&P500 are companies like FAAMNG. None of their business has anything to do with what's going on in Ukraine. Of course it's possible, that a war would cause energy prices to rise even higher, which could indirectly cause people to buy less iPhones or stuff on Amazon, but besides those very indirect effects, it appears that the vast majority of American companies are not affected whatsoever with what's going on over there. +Dear community, I'm going to ask you for help. + +What kind of investor you are? What is your behavioural instinct when it comes to investing? Did your behaviour change over time? Did you make mistakes as a beginner? How did you learn? + +'The behaviour gap' is documented enough to vehemently say that it is due to our behavior that we lose returns. So even if we want to make returns from the best MFs or great stocks it is due to behaviour that returns vary. Can someone learn to change behaviour? + +I'm asking this because I want to learn behavioural aspects of different people and want to understand why is it so. + +If you want a template, answer some of these questions or frame your responses using these. Like + +1. When did you buy your first stock and why? +2. Did you trade and then moved to long term investing? If so, why? +3. When in your journey did you understand the difference between 'money' and 'wealth'? +4. How many mutual funds do you hold in the beginning? Did you bring down the number? +5. Do you invest in index funds or active funds? If you moved from active to index, after how many years? +6. When did you understand that the stock market is perhaps the only place where you'll be rewarded richly by doing nothing. Literally nothing. ( What I meant by doing nothing is - buying quality ones and not tinkering with portfolio, as in the long term that would amount to fairly good amount ) + +Do you think the saving habit is innate? I think so. If yes, then did you see people who are spenders who have shifted to saving? + +Seniors and veteran investors please pitch in. +My goal is to fatfire at 6-7M, 11 years away at 50. I have been thinking about RE for a while now and it so happened that i got a chance to experience 7 months retirement on temporary basis in 2020 and wanted to share my experience around it. + +* Jan 2020, I decided to resign a leadership role which was burning me out, hurting my mental happiness. That separation came with a payday. COVID pandemic started right after i resigned. Accepted a new job with a deferred start date. +* in 2020, I made $224K working only 5 months (separation payday, new job (salary, signing bonus, equity)) +* HCOL, Did not touch any savings, still saved >22% but slightly lower than before 2019. +* 2 Kids (3,7) at home with a paid nanny 8-5 PM (help during covid, with Zoom, HW, class work etc..) +* Partner still working. + +**Positives:** + +* I became really fit, mind/body (Peleton Thread and Bike) +* Can already cook pretty good. Took cooking to another level new cuisines, techniques. +* Dabbled in new skills music, painting, house repairs. +* Planned family trips and fun activities with kids. Was on top of house hold chores. +* Advised/helped friends (career, interviewing, Tech scene) + +**Negatives:** + +* Boredom, felt alone, since my partner and all my friends were still working. The routine gets really old in a few days/weeks. Had to plan a lot of alone activities due to lack of similar company. +* Felt like groundhog day same routine over and over, after few months of this, felt it was super hard to motivate myself to stick my hobbies run/bike/cook/play music etc.. +* I quickly felt external constraints (accountability, responsibility) are needed for me to have more meaningful and interesting life. I wondered how this would look like in retirement with no responsibility of kids, work, mortgage. What motivates you in retirement ? +* Can do whatever you want myth. Its hard to do whatever you want since there is lot of coordination with Kids schools, working partner etc. I would assume some of these doesn't exist during retirement but i think other challenges will inhibit you from just going on a 3-hr bike ride, unplanned all day hike, day trip etc.. +* Eroded problem solving skills (lost interest in solving/thinking about hard problems, lacked motivation to take on work challenges after starting my new job) +The OPEC+ deal has collapsed, causing lower oil prices (atleast for the short term). Asia is an oil importer, so the markets should have celebrated this news. But Japan, HK markets have still fallen (Indian markets yet to open today). Why ? + +Of course, I am aware of the impact Coronovirus is causing globally. That is not new, the OPEC+ deal breakdown is new. Hence my question. +> The Budget is likely to propose four tax slabs in place of the existing three as suggested by the task force in its report submitted in August 2019. The Budget may propose a 10 per cent tax rate for individuals with annual income between Rs 2.5 lakh and Rs 10 lakh; 20 per cent tax for income between Rs 10 lakh and Rs 20 lakh; and 30 per cent tax for income between 20 lakh and Rs 2 crore. + +> If the government follows the recommendations of the task force, then a 35 per cent tax rate may be introduced for those who earn an annual income of more than Rs 2 crore. Full tax rebate for income up to Rs 5 lakh could be enhanced up to Rs 6.5 lakh. The above changes may cost more than Rs 30,000 crore. + +https://www.indiatoday.in/business/budget-2020/story/union-budget-2020-21-govt-likely-to-tweak-income-tax-slabs-1636859-2020-01-14 + +> While the flat rate of tax may be attractive to a certain category of taxpayers that want a higher share of their monthly earnings in hand, experts say the move could also dissuade people from increasing their contributions towards savings. India's household savings has dropped to 17.2% level in 2017-18 from 23.6% in 2011-12. Data for FY 19 is not available. Higher domestic savings is crucial to mobilise funds for investments in the economy. + +So that's ~ 0.1% of the fiscal deficit right there (not sure if calculations take into account increase in consumption)? + +Fair enough. + +This was the original article on the report - https://economictimes.indiatimes.com/news/economy/policy/income-tax-task-force-report-suggests-complete-rejig-of-tax-slabs/articleshow/71997663.cms + +They should definitely breach the fiscal deficit by a significant amount. Am talking 0.5-1% (it will already end up around 3.5-3.7% excluding off-budget calculations, which are a tad too tricky to calculate "what should count in the FD, what shouldn't" but estimates for that range from 4-4.5%, including off budget). Serious money needs to be pumped into the rural economy, PM-Kisan and MGNREGA especially, money in the hands of those with the greatest propensity to consume. Money needs to get in their hands big time. +I have seen the advice given to have 3-6 months of expenses saved up. Now that I have that saved should I just leave it in a regular savings or is there a better option to make this money work for me? It's just above 12k right now and 10k is what I calculated I should have but I feel like it is a waste to let it sit in a savings accruing such small interest. +Let’s get the elephant in Spotify’s room out of the way first, namely Apple Music. While Apple is a formidable competitor, they’re second in the race by a large margin: Spotify sits at 144M subscribers and Apple sits around 60M (likely closer to 70M by now). Despite the services being available in roughly the same number of countries (APM:167, Spotify:170), **Spotify’s been able to capture much more subscriber growth thanks to a few aggressive expansions.** + +&#x200B; + +You’ve definitely heard of Spotify’s aggressive podcast expansions, including JRE exclusivity and new originals/exclusives such as Michelle Obama’s podcast. This expansion led Spotify to **surpass Apple’s podcast numbers just barely in 2020, with analysts expecting 41% growth in 2021**. Analysts expect that 53.9% of ‘digital audio listeners’ will be podcast listeners in 2021. Spotify’s continuing to expand in this space to meet upstart competitor Clubhouse, by testing paid podcast subscriptions that allow for interactivity. (side note, I’d be interested to know if they’re trying to compete with twitch here too) + +&#x200B; + +A newer expansion on Spotify’s part is their recent foray into audiobooks. It appears that they’re sticking to public domain works for now to test the waters, but moving forwards, this could create a real challenge to competitors like Audible, a company with an estimated $2.5B in revenue in 2020 and no real competitors. + +&#x200B; + +**Spotify’s been aggressively pursuing developing markets**, which has a negative impact on financials in the short term but could lead to greater profitability in the future. The reason is that they charge lower rates in developing markets in order to build a subscriber base and a presence. + +&#x200B; + +Onto some quick financial stats. (figures in EUR) + +&#x200B; + +**Spotify’s 2020 revenue clocks in at 7.3B, and a 47.7B mkt cap, which works out to a P/S ratio of 6.53.** + +&#x200B; + +Personally, I like to value companies in the context of competitors … which is sort of hard to do for spotify. I’d argue Netflix is the most comparable (software, digital media, subscriber model), and their P/S ratio sits at 8.96. Twitter’s a bit of a stretch, but their P/S ratio sits at 13.5: Adobe, another stretch but closer imo as it’s subscription-based software, sits at 15.9. + +&#x200B; + +**Spotify’s debt/equity ratio is on a downward trend, sitting at 1.26. It’s got a forwards CAGR of 22%.** + +&#x200B; + +The biggest red flag I see on their balance sheet has to do with their **cost of revenue: it’s been increasing almost in lock-step with revenue. Spotify’s very close to being profitable, and they’ve posted a profit for some quarters (though never a full year).** Spotify’s under good management, however, and I’m confident that once their more aggressive expansions mature, profit will follow, especially as they’ve proved they can stave off competitors like Apple. + +&#x200B; + +On a valuation play alone, I’d argue Spotify is better suited to a **P/S of at least NFLX,** which would place it at **$375/sh**. With growth taken into account -- that the firm is estimated to grow at 22%, and is well-positioned globally against competitors -- I’d argue a more accurate P/S would place it **closer to 10 P/S**, putting SPOT at **$418/sh**. ^((these P/S ratios are gargantuan, but that’s true for the tech sector in general; my argument is that spotify’s undervalued in the context of the current market.)) + +&#x200B; + +I don’t really do deep dives into companies this much, so let me know where I might’ve gone wrong in analyzing the company (especially if I missed something in the balance sheet). + +Very good point that’s been raised by a few comments: Industry structure, namely big labels, might prevent Spotify from improving their margins enough to post profits. This is absolutely a risk, and one that Spotify could overcome in a variety of ways, all involving increased vertical integration. It’s also possible that this is less of a problem than it seems: I’d argue Spotify’s leverage isn’t insignificant, and that they may be able to keep contracts with major labels at current rates. +Doing some numbers, it seems that there are always better avenues than buying a flat regardless of whether it’s for staying or investment, lump-sum or loan. + +1. Buying a flat on loan and renting for investment; looks like equity seems to be a much better option than this investment. Up-front investment for what would’ve been the down payment, and SIP for what would’ve been the EMI. +2. Buying a flat to live in, on loan: seems that renting the flat instead of buying, and investing in equity is better again, comparing overall yield when selling after 20 or 30 years and taking capital gains hit on the flat. +3. Inheriting a lump sum and buying a flat to stay in. Again, taking the capital gains hit up front and equity investment plus renting a flat seem to work out better over 30 or 40 years (although at around 20 years they look comparable) than buying a flat, living in it and selling it at the end. +4. Even buying a small house in another location, renting that out, and paying rent for a flat (even if the flat rent is 2x that of the rent the house fetched) seems to be a better investment, for a 30 or 40 year shelf life. +5. To pass on to kids. Even for this purpose, a house in another affordable location looks better because in the flat the building would’ve depreciated so much, and the UDS value would be comparatively peanuts. + +So overall.. never buy a flat? Buying equity or a house or land, and renting a flat if necessary to stay in, appear to be better investments? + +I guess numbers aside, that kinda makes sense for the long run. A 40 year old piece of land, no problem selling it. A 40 year old house, no problem. Equity (index funds), doesn’t really matter how old it is. But who wants to buy a 40 year old flat? + +EDIT: I should've included some assumptions I made to arrive at these general thoughts. + +* Inflation at 7.5, house appreciation at 10%, equity returns at 10%, flat appreciation at 9% +* Overall outlay at Rs.55 lakhs (50L flat, 5L extas, 40L loan, 15L EMI) +* Maintenance per year Rs.50K and property tax Rs.15K (adjust these numbers for inflation every year) +* Flat rent Rs.15K, house rent (outside city) Rs.7.5K per month +* Rent keeps up with inflation + +*(I know these are broad assumptions and reality won't necessarily be the same, but some kind of assumption is needed to arrive at general direction)* + +Also yes, this is more of the financial angle than emotional. Kinda like buying a car. When it makes more practical and less financial sense, I guess it becomes more of an expense than an investment. + +A couple of in-betweens maybe: + +* To the point about psychological "roof over head" feeling - my feeling is that if I go the "house in a smaller town, rent flat in city" route, there is always the psychological reassurance that we can go running back to our own house if needed. +* I agree with one compelling reason why many people buy flats: if they don't, they wouldn't invest! They would earn or save less (like one partner not working), which would defeat all this maths. +* Also another thought - I wonder how the value of **villas (row house type)** that seem to be getting popular, will hold up. I feel like in the long run they will be a "middle of the road" value between flats that depreciate, and houses that are impossible to get into for budget reasons. + +Thoughts? +Hi PF! + +I just got off the phone with my mother who recently informed me that I have 70k in a savings account that my parents have been keeping for me since I was born. + +It turns out they have just been letting this money sit in a savings account that by my calculation has an interest rate of 0.6%. I'm a bit frustrated that they let a large sum of money sit in a savings account for 25 years rather than investing at least some of it. Don't get me wrong, I am extremely grateful that my parents put aside an account for me that they had been putting all of my gift money into from the time that I was born and I truly appreciate their thinking of me and planning for my future. + +The account is currently in my mother's name and she doesn't know the first thing about investing (nor does she trust the markets which is why she never invested the money). What steps can she take to make better use of this sum of money? I also just found out that she has not saved any money for retirement and since I am fairly well off I would like to gift most of this money to her when the time comes. + +**TL;DR** - Mother has 70k in a savings account for me and hasn't saved at all for her own retirement. Where should we put this money for it to grow the most over the next 10 or so years? Current savings account has interest rate of .6%. + + +**Edit:** Thank you so much everyone for the support! I definitely was not expecting this many responses when I posted this this morning. I'm at lunch now and will respond to people individually when I get off work later but here are some answers to questions I am seeing come up. + +The money is primarily from stock that my grandfather purchased for me in my name when I was born. My parents had a falling out with that grandparent and did not trust him with my best interests so my mother requested to take control of the money. She doesn't trust the market so cashed it out and put it in a savings account. + +I love my mother to bits and pieces but she wasn't raised with money and doesn't have a good sense in investing or handling money. Her father did not save for retirement so she never felt the need to do so either. My father does have a retirement account but I am unsure how much he has saved. My parents are very humble people who live in a small and affordable town and have no debts. + +My plan is to take control of the money and make it grow over the next 5-10 years and then gift it to them every month to help them live comfortably. I have never invested myself before but know enough to know that I can get more from that money over the next few years. I'd really appreciate your guidance on how to make that happen. +>The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of [Dominion Energy](https://www.cnbc.com/quotes/?symbol=D). Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March + +[https://www.cnbc.com/2020/07/05/warren-buffetts-berkshire-buys-dominion-energy-natural-gas-assets-in-10-billion-deal.html](https://www.cnbc.com/2020/07/05/warren-buffetts-berkshire-buys-dominion-energy-natural-gas-assets-in-10-billion-deal.html) +I have been exploring and evaluating the cryptocurrency world for quite some time now in the crypto community's interest and trying to bring the best and most trustable projects. I had a detailed look at [Amnext’s](https://amnext.io/) [docs](https://docs.amnext.io/) and thought of sharing my detailed review for the DeFi users. + +The name Amnext suggests that you can be the next in line to **change your life.** I can say that it breathes life into an ecosystem that can change people’s lives. +Amnext’s USP is its unique lottery, where **no one loses.** The **Lifetime Tickets do not expire**, and everyone has a chance to hit the jackpots. + +***Here Are Some Key Points To Note:*** + +* Lifetime Tickets +* No-Loss Lottery +* Staking Protocol +* Rewards in AMC by depositing into Prize Pools +* Referral Rewards +* Will not launch until Security Audits are done (Certik as 1st chose) +* Doxxed Devs + +***So, Why Should People Participate?*** + +1. The entire ecosystem has been built around making sure that you always have a chance to win. The positive features of the Amnext Dapp, as listed below, should encourage the investors to participate in the program. +2. Once you purchase a **Lifetime Ticket**, you enter into the lottery draw for life. This new **UNIQUE concept** of Lifetime Tickets generates the possibility of winning the draw every time the jackpot is generated. +3. For every dollar you deposit on **No-Loss Prize Pools**, you are entitled to win big prizes in form of BNB/CAKE/USDT/BUSD/VAI and earn passive interest of AMC tokens; even if you don’t win, you keep all your money and until you withdraw you are entitled to win! +4. The more the number of people you invite on the Lifetime Tickets Lottery, the more rewards in AMC you will achieve. However, there is a cap on the number of tickets you can get. + +***Conclusion*** + +In my honest and humble opinion, Amnext have a lot of Potential, aside of most DeFi projects you can easily check the Team behind it and their Linkedin/Twitter. It could quickly create a massive market cap and do a **1000x gain** and continue grow in a long term run. For sure not another MEME COIN. + +Website: [https://amnext.io](https://amnext.io/) + +Telegram: [https://t.me/amnext\_official](https://t.me/amnext_official) +Title pretty much says it all. It shouldn't be terribly difficult to set up (based on my experience) an IFTTT statement combined with Automod functions to instantly slap up a sticky with their latest tweet. This will significantly reduce clutter in "New" and reduce karma farming substantially. Mods, any chance we can make this happen? + +Edit: I very much like the additional suggestions of fellow apes to combat the 2 sticky post limit Reddit has in place. Having the Stonkbot post them to a God Tier Tweet flair would be sufficient to keep them organized and the upvotes will do as much as a sticky ever could. +Looking for the micro investments and not the Ben Bernanke macro judgements that it can’t happen because of the us debt load or whatever other macro answer. What say you? +So if you enter a position based on value principles, doesn't it make since to exit a position based on value principals? Say you buy KO and the position becomes overvalued based on the same principals you used to determine it was undervalued when you bought. Wouldn't you sell? + +It seems like Buffet doesn't do this, he only sells if the thesis of the company changes, but not if the stock becomes to richly priced. Why? + +Wouldn't you check on your position each earnings, do the intrinsic math again, and if it was trading above that sell? +Below are the documents I found. All gibberish to me but if there’s money attached to these it would be amazing! Thanks for your help! + +https://imgur.com/a/f3Xz3A2 +I see a lot of posts about the housing market but for some of the less experienced lurkers here, the Australian market can not be lumped together neatly. + +i.e what QLD does is not necessarily what NSW will do. What Sydney does, is not necessarily what Dubbo will do and not necessarily what Terrigal will do either. + +We have city markets, regional markets, coastal markets, State markets. Sometimes there are general trends but you need to narrow in on places to see where the opportunities are or traps. + +We need to remember that intercountry travel/movement is a thing. For example in the past, people would flee the regions for the city. Now with wfh we are seeing the opposite. It may be the case city people get bored of there tree/sea change and move back who knows. + +Similarly when we talk about crashes we can't forget places like Western Australian and NT who have already had their fair share of market turbulence. + +If anyone is keen for a property, make sure you analyse the particular suburb you're looking for. + +People may say the property market is bad, however for my portfolio which is largely coastal, its doing quite well. The higher rent I get will no doubt mean these places continue to be fantastic investment areas. QLD I am very bullish on because the rent you can get there is absurd. + +On the other hand I'm sure some inner city places probably have a lot of room to drop. Its a small market of buyers there and the interest rate rises are going to sting much harder on 3mil plus properties. + +Food for thought. +I have been trying to acquire an axis bank Vistara infinite gold card for a long time, as a significant amount of my future purchases will be on a website where amex is not supported and I will be travelling Singapore airlines soon. +I have an excellent CIBIL score, never missed a payment on any of my 7 credit cards, and I am applying for a new card after more than a year. +All of my cards have a limit of 5 lakhs + +The website states that the minimum ITR should be of 6 lakhs, mine is more than 4 times that. +I tried reaching out to them and asking the reason as to why it is declined, they keep saying the same thing. "due to internal norms, please apply again" + + +I also have a savings account with them, which is now two years old. + +I currently have the amex platinum, diners black, amex platinum reserve, amazon pay. etc. +Hi all new here so let me know if breaking any rules. + +Can anyone recommend some funds or trusts to look into. I want to diversify my portfolio a little and get into the environmental market, specifically electric cars. Seeing Tesla and Nio do so well recently I hope I haven't missed the boat. Don't want to go into individual companies as I'd rather spread my risk. + +Any advice where I should look? +Thanks +When you just plain don't make enough money and someone says "just get another job that pays more." Genius!!! Why didn't i think of that? Teach me your ways you money guru. + +/s + +Edit: thanks for the comments so far but I think the original point of the post has gotten overlooked. Minimum wage in my state (NC) is $7.25 an hour. I currently make a little over $13.00, which is much more than minimum wage. However, we are currently still in the middle of a pandemic and are going through an extremely high unemployment rate. It's not quite easy to find a great paying job right now. I work in healthcare and my hours have been cut. I'm bringing home $600-$700 every 2 weeks. No more than $1400 a month. My full pay wasn't great either. + +I don't want to go into how minimum wage should be enough to live off of, like its original intention, or that pretty much everyone in the service industry is underpayed. Just that sometimes a flippant statement like "get a better job" isn't quite as easy as it sounds. +Hello all, + +I am looking for a new home for the first time in years, and I could not find any crime maps on my favorite real estate sites. + +I started digging deeper, and they were all removed because crime data is racist. + +As a black person, this is shocking. + +I honestly cannot think of a more belittling, condescending, and yes - RACIST - policy than to remove crime maps from ppl looking to buy a house. + +So, if anyone knows a good site where I can find a great crime map like the ones trulia and Zillow used to offer, I would be very grateful. + +Post script: + +I know it’s unrelated, but it’s not like black ppl like to live in high crime areas. There is a lack of public services, opportunity, and policing that leads to an overlap of poverty, crime, and race. + +If these companies want to help, then lobby the local officials to change how public services are provided. + +Taking away data just hurts minorities who are trying to move up in the world and disincentivizes ppl moving into safe neighborhoods that may be on the wrong side of the tracks. +I don't know where else to post this to get a good basis of high performing educated individuals, so sorry if this isn't exactly fatfire material. + +I just received an employment contract for a director level role with equity. Is is customary to have an attorney review such contracts? +The odds of Russia making its foreign debt payments are diminishing as bond prices fall, recession in the nation looms and various payment restrictions pile up after the invasion of Ukraine, according to Morgan Stanley & Co. + +“We see a default as the most likely scenario,” Simon Waever, the firm’s global head of emerging-market sovereign credit strategy, wrote in a Monday note. “In case of default, it is unlikely to be like a normal one, with Venezuela instead perhaps the most relevant comparison.” + +The default may come as soon as April 15, which will mark the end of a 30-day grace period on coupon payments the Russian government owes on dollar bonds due in 2023 and 2043, he said. + +source: https://www.bloomberg.com/news/articles/2022-03-07/morgan-stanley-sees-russia-set-for-venezuela-style-debt-default +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) +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/EKU2tVBp9u) +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) +I don't know about you guys but the first weeks I made some profits with trading (even if I lost everything shortly afterwards lol), I KNEW that there was no going back to working for $20/hour. I mean the first time you make your first $1000, $500 or even $100 in a couple of minutes on your phone... It's like discovering fire. + +And even if some (most?) will not succeed longterm in trading, you know you have at least to try your best. + +I wish you all a steady and profitable year 2021 **🌟** + +Edit: Just to clarify --> I am not a newbie in trading. When I talk about this feeling, I am referring to my debut in 2016. And I didn't quit my job at that time, luckily lol. Btw I don't recommend anyone to quit their job. +I bought my house 7 years ago. Initially signed a 5 year fixed for 3.79%. Once that was up I signed a 2 year at 1.93% because we were planning on relocating for my wife's work but because of covid she now works permanently from home. + +Interest rates have been scaring the shit out of me and today was the first day I could renew so I set a meeting with the bank. They didn't ease my mind at all about the future so I panic signed a 5 year at 4.45%. + +I personally feel that we got spoiled with how low rates were and don't see them going that low again in the next 5 years, if ever. We may move before this term is up but I felt like I needed to lock in that rate since anything we would have the blend this mortage into would be at a much higher rate. + +Did I make a mistake or was this a smart move? +# TL;DR: Pretty picture show hedgies r fukt. + +[1Trillion gone from Crypto since May 2021](https://preview.redd.it/vvr25m60ku071.png?width=2048&format=png&auto=webp&s=0eb9c9f529beb404146c59563a9efc161919386f) + +So i have seen several posts debating firstly the potential size of the collective payout that is going to come for GME, and secondly what the maximum price that will actually be paid for GME is likely to be. + +While everything is a hypothetical until it happens, and I am by no means a maths guy, I submit that the evidence of massive liquidations of the crypto currency market which we strongly think is being cyclically pumped and dumped to raise cash for Citadel and co, I submit that the grand total of 1 Trillion dollars so far just on crypto means that we control the price. + +There are of course the usual caveats that not all of this is GME related, or Citadel related, but involve every other possible reason in addition for every other player involved, preparations for Atobitt to release HOC 2 and 3 and trigger the liquidity crisis, and yada tada yada you get the point. + +But, caveats aside, the fact that 1 Trillion dollars has already been pulled out of just one sector of the market in preparation should be sufficient to jack your tits. + +Every single share of Gamestop both real and synthetic, in market, in dark pools, in ETFs, in options and calls and puts and shorts and everything else under the sun, every single one of them already has a designated owner before this started. Remember that. Before apes began mass buying and holding every single share was already owned. And now they're all “owned“ many times over. What fun. + +This is why they cheated and lied and stole and counterfeited more shares than could ever exist in this company. This is why it is impossible for them to close their positions. This is why they are collectively collecting 1 Trillion dollars just to start with. + +Because every single paper handed bitch in the world selling low couldnt possibly change this maths now that so many synthetic shares are due. Every single share, real and synthetic, must be purchased at whatever price is available. And as the paper hands leave, and shares concentrate in the diamond hands of the apes, the price to buy increases exponentially. + +All shorts must cover + +This is why you are going to win. + +Edit: [Link to TradingView source](https://www.tradingview.com/markets/cryptocurrencies/global-charts/) damn watching that go down in real time across the whole crypto, rather than any particular stock is quite the sight. + +Edit 2 shills got to pump it + +[Headline 1: Bitcoin tumbles 50&#37;. Headline 2: Buy now you fool. Transparent much](https://preview.redd.it/hywxgvkqrx071.png?width=2048&format=png&auto=webp&s=1cc378aeff2e99171575895b61a1dfe1c4de4655) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So something I have been trying to wrap my head around is what people do once they have a rental property. If someone has a property that generates them an extra $500 a month, do they eventually put the house for sale while the renter lives there? Or do they just accumulate a bunch of properties that generate that much and hold them for 20-30 years? Hope my question makes sense. The main thing that confuses me is that if you only have one house 500 a month isnt much, unless they end up selling it for 10-20k more than they bought it for eventually. Thanks for any help. + +&#x200B; + +Edit: Thanks everybody for all of the helpful responses. +I've seen a lot of misunderstanding across about the effect of rates on equities, so I figure I'd hop off of WSB to give an explainer about the relationship between stocks and interest rates, and show why the current sell off makes sense. + +**Where do interest rates come from?** + +Money has time value. Money today is usually worth more today than money tomorrow. How do we measure the time value of money? Interest! When we loan money out, we demand a return. What goes into an interest rate? There are 3 primary factors: + +1. \*What do I think inflation is going to be?\*Say you estimate inflation to be 3% and rising, you'll demand a far higher interest rate to protect yourself. +2. \*How risky is this loan?\*Your lend to a group of risky businesses, you might jack up interest rates to make sure if one goes under, you'll make your money back from the rest +3. \*How much is everyone else willing to lend for?\*You'll need to compete with other lenders which helps determine the final interest rate. + +**US Treasuries: King of Bonds** + +So US government debt is considered primo with near 0 risk of default. The rates on US government debt determines whats known as the *risk free rate*. + +The US issues debt at several different maturities from weeks, to months, to years. If we line up these interest rates, we get what is known as the [yield curve](https://www.gurufocus.com/yield_curve.php). + +To reiterate, these rates are determined by the market and are manipulated by the Federal Reserve, which attempts to intervene in the market to get rates to its targets. When the Fed comes out and says it wants rates to stay near zero, this one of the ways they do it. + +And this is exactly what happened during the corona crash, interest rates went to zero across the curve. + +**How to Value a Company** + +Let's say we have two companies. $BRR and $GRO. Let's say we're certain of their future cash flows. + +* BRR is runs a money printer and makes $10M a year. +* GRO is a growth stock that's expected to make $100M a year in a decade. + +How do we value these two companies based on cash flow alone? For simplicity, let's only look at the first 10 years. We need to determine the present value of the money the company makes in the future. + +What is money from n years from now worth today? money / (1 + risk\_free\_rate)\^n. So we can represent todays value for 10 years of cash flow like this: + +Let $$$ Year X be the money we *know for sure* (i.e. the certainty equivalent) the company will make in year X. Let r be the risk free rate. Then we can model the value of the company roughly as follows: + +Value = ($$$ Year 1) / (1 + r) + ... + ($$$ Year 10) / (1 + r)\^10 + +**How Rates Affect Value** + +So which company do you think is worth more? BRR or GRO. + +Well that depends on the interest rate! Let's say interest rates are at 0 or near zero. Their valuations taking no other factors into account are nearly the same: $100M. + +Now let's start cranking up the interest rate slowly to see what the current valuation is. + +&#x200B; + +|r|BRR|GRO| +|:-|:-|:-| +|0.0%|100M|100M| +|0.5%|97M|95M| +|1.0%|94M|90M| +|2.0%|90M|82M| +|4.0%|81M|67M| + +***As interest rates go up, the company that depends more on future earnings (GRO) is getting whacked. A move 0% to 2% knocks off almost 20% in one shot.*** + +**So why the fuss all of a sudden?** + +Stocks went flying higher under the assumption that the fed would remain dovish, work to keep interest rates low, and would not be able to produce inflation over 2% if it wanted to. For a lot of reasons, people were betting that if that inflation would appear any were it would happen farther out in time near the 30Y. Given they figured the 5Y would stay low, and the 30Y would go high they shorted the 30Y bonds and went long 5Y. However, 5Y and 10Y treasury yields suddenly spiked making everyone ask whether inflation would come sooner and faster. People hoped the fed wold say something to alleviate this, but instead Powell had stated in September that he's fine [with inflation running hot over 2%](https://www.brookings.edu/blog/up-front/2020/09/02/what-do-changes-in-the-feds-longer-run-goals-and-monetary-strategy-statement-mean/) (which no one seems to have believed) , and the fed today reiterated its not going to do anything about it in the short run. Hence, yields are still rising and equities are continuing to fall. Add to this all the froth and speculation, a 20-30% correction makes a lot of sense in overheated names. + +**Caveats about the analysis above** + +1. The interest rates in this analysis are made up but the point still stands. +2. BRR is actually a better play since the risk free rate for earlier years will likely be lower than those farther out in time. +3. You shouldn't stop counting after year 10. You in theory can go out to infinity, and if rates are near zero, valuations for a growth company blow up too. +4. In most discount cashflow analysis, you don't use the risk free rate instead you use a discount rate specific to the company that takes risk into account for that company. In this case, it's fine to use the risk free rate since we assume we somehow know exactly how much the company will make (certainty equivalent). In the real world, we predict future cash flows by licking a finger sticking it in the air, and guessing which way the wind will blow. + +**Inflation! Waddabout gold?** + +If treasury yields stay above inflation, gold prices fall. That's because it's better to own a sheet of paper with a yield than a rock. Gold will only benefit if the Fed works to suppress rates farther out on the curve. This is why [the price of gold is negatively correlated with real interest rates](https://www.sunshineprofits.com/gold-silver/dictionary/gold-interest-rates/)*.* +This might be a pretty dumb question, but I think I more or less understand the basic principles of buying your first rental property: you save enough for the down payment and hope you've run the numbers accurately enough to be in the green each month, and that the market doesn't collapse. All fine here. + +But it would be pretty tough to survive on a couple hundred bucks a month (if even that). So what about the second, third, fourth properties? How is it done? Are you just saving up for another down payment each time? Seems like the purchases would have to either be very spaced apart (10, 20+ years) or you have to have a much larger amount of upfront capital to buy more than one property. + +Is there something I'm missing? I take home a very comfortable 6 figure salary but I still don't see how I can afford more than one or maybe two rental properties. + +Edit: trying to keep it simple and "buy and hold" instead of rehabbing, because I've never even so much as painted a wall before. + +Edit: didn't expect all the replies and support, will be reading and addressing all of it. what a great community. thanks +# Medivolve Webinar Summary – April 15th 2021 + +&#x200B; + +# Collection Sites: + +* March numbers were 20,576 tests. Additional tests were done through Besser Brands, which is a franchiser operating 8 locations in Florida. Exact number not known. +* Stability of testing demand. April is consistent with March. +* Expanding in testing – AditxtScore (will talk about later) +* Lots of work in B2B (business to business) to take tests to them. +* Worked with an independent film production company. Were able to test all employees for all employees’ multiple times a day. Able to deliver PCR tests in less than 24 hrs. +* Working with retail offerings through McDade and Associates ([https://www.mcdadeassociates.com](https://www.mcdadeassociates.com/)). Big company – reps vendors like Arizona Beverages, Lil Drug Store, Castrol, Gorilla Glue. +* B2B is big focus +* HRSA program. It’s a government run program for free PCR tests for undocumented and uninsured. (Known) + +# Vaccine Program: + +* Terminated the Nevada pharmacy deal (probably in DD) +* In discussion in some opportunities in California – this ties in nicely with Telehealth. +* They can gain access to CalVax license opportunity. +* Still very active in pursuing the opportunities in California. They want to get to rural and underserved population. +* JNJ issues have been a setback. Doug thinks the setback will be fine in a short period of time. +* JNJ has administered 7M vaccines with only 6 cases. +* Doug says FDA is taking precautionary step to understand the issues. +* Thinks if they suspend JNJ, it will bring more problems. +* JNJ is a perfect vaccine for anyone operating in pharmacy due to ease to ship and store and is ONE shot. +* JNJ is good to get out to access underserved and rural communities. +* Doug says they are continuing to pursue allocations of Moderna Vaccines. Though they do believe they will get opportunity with the JNJ vaccine after FDA approved readministering. +* They are pursuing opportunities to vaccinate through government contract of underserved population of central valley California – happening as we speak. + +# Nuturell: + +* Anticipating orders from retail and hotel groups in the very near future. + +Marvel Diagnostics (blowfish): + +* Meeting all milestones for FDA and EUA they had committed to +* Interesting developments which Doug can’t talk about. Not only opportunities with covid but opportunities long after covid. +* Involving a very well-known large institution which will be publicising the clinicals (NEXT WEEK HOPEFULLY) + +# Telehealth: + +* Pivoted early to move into telehealth +* Telehealth currently worth about $61B USD. Research shows $560B by 2027. 27% CAGR! Huge growth. +* Apparently 50% of all telehealth is all mental health currently. Medivolve is trying to do “telediagnostics” +* Have 5 proprietary systems – will be delivered next week. They have number of peripherals which allows them to do video consultation. Digital scopes (eyes, ears, throat). Digital stethoscopes. Pulse oximeters. Scales. Blood pressure cuffs. All peripherals you see in a doctor’s office. +* Doctors can utilize the techs and phlebotomists to order tests. They can take blood tests and send off to lab partners. +* MEDV is able to consolidate a lot of services at their sites or even mobile! +* Same systems can be taken into long term care for patience wellness checks. Take them into areas where they cannot visit doctors. +* Dr.Copeland is active in the sports medicine field. He’s a doctor for the Blue Jays and National Umpire’s Association. He says team doctors are available at the time of the games. Lots of injuries take place in training. If you not only think of pro teams, but TREMENDOUS demand in collegiate sports for this kind of service. + +# AditxtScore/Aditxt Theraputics: + +(credit to honesttrader from CEO) + +* They IPO'd on Nasdaq late Jun'20. +* Immune programming side was for immune monitoring before organ transplants ( now deceased cofounder Dr. Leonard Bailey did 1st baboon heart transplant ). +* Their platform allows for multi-parameters for monitoring immune system. +* System validated by Stanford and some top Standord immunologists now on team ). +* Their proprietary platform allows for 9 analytes ( 10 counting neutralizing antibodies measure ) all in one single reaction with very high resolution to interpret a person's immunity. ie. have they been infected? Get baseline. Get immune response timeline at diff pts of time. Provide objective data, quantitative info. +* All processing done at their lab in Richmond, VA. +* Have 2 top Mayo Clinic scientists at lab. +* Dr Drew ( long hauler covid pt ) has been using Aditxt monitoring regularly to check his levels to aid in determing when/if to receive vax. +* Monitoring could be impt pre-vax for determining overblown immune response from vax. This is their humoral immunity platform. +* Collection Sites will be able to implement this test, blood sent to Aditxt lab with 48hr turnaround. +* Next to launch is their cellular immunity platform involving memory B cells, T cells & cytokines. +* Currently in validation. + +# STOCK PRICE: + +* Lots of questions on this and Doug is addressing this. +* Management is aware of the negative pressures of share price. +* Shorting has been taking place +* Management hasn’t seen “nefarious” activity beyond market behaviour +* STRONGLY BELIEVE STOCK IS UNDERVALUED +* WE strongly believe prime for growth +* Consolidation of new base +* FLUSHING OUT OF WEAK HANDS (yes – he did say this) +* Awareness campaign has generated volume. +* Best way to drive share price and growth is to focus execution of the business plan, pivot to telediagnostics, adding initiatives like Aditxt. +* Best way to fight back on negative pressure is to expedite growth, pivot beyond covid, broaden offering and position HUGE growth in telehealth, telediagnostics and telemedicine. +* Reiterates $560B market in 2027 for telehealth. +I bought back in but now only own 60% of my previous stack (could've made it 70% but I also reclaimed ~85% of my total fiat investment up to now). + +TL;DR - decided to hodl when I was up 1300+% in June and panic sold for ~450% gains. Wife is apalled at me, I'm apalled at me, you should all be apalled at me. C'est la vie. +Just weighing my options now that I'm done house hacking. Do people actually buy multis with renters in place and put up the full 20-25% down payment? + +I read so much about BRRR that turnkey doesn't seem popular. + +About how much cash flow do you look for on turnkey? + +What metric do you use to find deals since COC return is not as strong as house hacking. +Amazon founder and billionaire entreprenuer Jeff Bezos has advised the American people to avoid large purchases such as new TVs, refrigerators or cars and “keep some dry powder on hand” during the coming holiday season as the US economy is likely to be in a recession soon, according to a report in the CNN. + +The tycoon had last month tweeted to his followers “to batten down the hatches”. When asked about the tweet, he told the American network in an interview that the advice was meant for business owners and consumers alike. + +He said consumers should postpone buying big basket items that they have been eyeing for some time and big businesses should also go slow on acquisitions and capital expenditures because the US economy is likely to be in a recession "very soon". + +“Take some risk off the table,” Bezos told CNN. “Keep some dry powder on hand... Just a little bit of risk reduction could make the difference for that small business, if we do get into even more serious economic problems. You’ve got to play the probabilities a little bit.” + +“The economy does not look great right now," he said, adding, "Things are slowing down, you're seeing layoffs in many, many sectors of the economy". "The probabilities say if we're not in a recession right now, we're likely to be in one very soon." + +The fourth richest person in the world said many people may be “feeling the pinch now” because of the extended economic downturn, but he appeared confident of a reverse in the trend in the coming time, saying as an optimist he believes the American Dream “is and will be even more attainable in the future”. + +Several other leading investors and analysts too have cautioned the American public about an impending recession. They have cited the Federal Reserve’s continuous efforts to curb inflation, which increased to a 40-year high of 9.1 per cent in June and remained at 7.7 percent until a month ago. + +In the interview, Bezos also said that he will donate a majority of his $124 billion net worth to charities to fight climate change and growing social and political divisions. + +Source: [https://www.business-standard.com/article/international/keep-cash-on-hand-don-t-buy-tv-fridge-this-holiday-season-jeff-bezos-122112000376\_1.html](https://www.business-standard.com/article/international/keep-cash-on-hand-don-t-buy-tv-fridge-this-holiday-season-jeff-bezos-122112000376_1.html) +[https://www.bleepingcomputer.com/news/security/lastpass-users-warned-their-master-passwords-are-compromised/](https://www.bleepingcomputer.com/news/security/lastpass-users-warned-their-master-passwords-are-compromised/) + +Just a warning to anyone else in the community that uses Lastpass as a password manager that there are many reports streaming in of master passwords being compromised. If you haven't done so already, now would be a good time to change your master password and enable MFA on your account. Not really a personal finance topic directly but since many of us use Lastpass to store banking account credentials and other information, I felt it was important to get the word out. + +&#x200B; + +Edit: LP saying the attacks are a result of credential stuffing. While this likely to be correct, please do not take any chances with you account and take action now just in case. + +&#x200B; + +Edit 2: thanks to u/Curse_you_Reddit + +[https://www.cnet.com/tech/services-and-software/lastpass-says-no-passwords-compromised-in-latest-security-scare/](https://www.cnet.com/tech/services-and-software/lastpass-says-no-passwords-compromised-in-latest-security-scare/) + +Appears to be a false alarm at this time. Issue was due to a logging error that erroneously reported access attempts to some user accounts. Sorry for any inconvenience caused but as always, better safe than sorry. +So I've seen some posts here about people asking about when to buy stocks during this market ~~downturn~~ pullback/correction. And I've been trying to figure it out myself and I came up with some ideas that seem useful. This is perhaps my third market ~~downturn~~pullback/correction and I feel like I've gotten a lot better at it since the first time. + +1-Nobody knows beforehand where the exact bottom is beforehand. Everybody has ideas, but most of them are wrong. If you think the market is gonna bottom in a week and you're waiting for it to bottom, you'll probably miss the boat. + +2-Different stocks and industries bottom on different days. For example, cruises bottomed on a different day than tech stocks over the past week. Cruises bottomed on the 28th or 29th. Whereas tech stocks bottomed on the 30th and today. (this could change as the week progresses, but I'm guessing that these stocks have already bottomed for this downturn. I could be wrong though.) + +3-The best time to buy is going to be around the time when you're scared and kind of hesitant because you think prices might drop more. This is when prices tend to be most depressed. Not only are you feeling this way, but so is everybody else. + +4- Since you probably don't know how long the downturn will last and how severe it will be, I recommend a strategy of buying on different days instead of dropping all your money all at once on the first day. + +5- Try to buy after the downtrend reverses. Don't buy before the trend reversal. It takes some practice to be able to identify when this happens. But generally, get a good chart of your stock using thinkorswim or some other problem. Watch the price action and set up a simple moving average. The MACD indicator can also help. As the downtrend continues, the price will rally a little. Most of these rallies will be false rallies and the price will drop further after the rally. At some point, you'll see a particularly strong rally and that may be a trend reversal. You can take a chance at buying in at that point. In case you're wrong, it would be wise to set a stop loss slightly below your entry point. You can also use a trailing stop loss. At some point, one of those big rallies is gonna be the real thing. And then you'll be in. + +6- Don't worry if you miss the bottom. You can still get in at a good price if you're a little late or early. A lot of people miss the boat entirely or they panic sell and don't get back in. You're beating all of those people already. + +7. Try to buy the securities that you think will recover strongly and quickly. There's no point in buying in a market downturn if you end up with a stock that doesn't recover or takes many years to do so. (some people will disagree with me here) Or worse, a stock that falls further. + +8. Don't be afraid to experiment. The more market ~~downturns~~pullbacks/corrections you go through, the better you'll get at it. And the better you get at it, the more money you'll make. there's big money to be made in a very short amount of time in these ~~downturns~~pullbacks/corrections. +TD LR: I see a sudden spike (30% increase) in Senior citizens health insurance premium, would like to know if you have seen this as well and how you plan to sustain such increase and in future. + + +Details: + +I have my mother's(69) medical insurance from Royal Sundaram. Never had to make any claim for the insurance so the coverage is now 5 lakhs plus 3 lakhs NCB. + +Last year the premium was about 34k and in this year's renewal notice I find the premium as 45k. + +I see a 30% increase in the premium, when enquired, I was told that they upgraded my policy and the upgraded policy includes a host of treatments which weren't covered earlier. I thought they don't have the rights to change my policy without my consent, but they flashed some IRDA directives which allows them to spike the premium every 3-5 years. + +I know each year the premium would increase, but I was not prepared for a 30% spike. This year the premium is 45k, I don't know what would it be for the next year and subsequent years to come. + +How do I prepare myself to meet this? I need to assess my capacity to afford these premium for the next 10 years. + +I'd like to know your experience, did you also find a spike in premium of senior citizens health insurance renewal this year? + +How did you handle it? + + +Is it reasonable to ask Royal Sundaram to share a table to compare the premium before and after hike of senior citizens age 69, 70, 71...80? + +Thanks + +Edit 1: Thanks for sharing your experience, am sure we have a sizeable population who experienced a similar situation in the past, their suggestions would be really valuable. +There is an old saying on Wall Street. + +>There are many possible reasons to sell a stock, but only one reason to buy. + +If you think about it, you can sell stocks for any number of reasons - downpayment for a house, a medical emergency, or just plain profit booking. But when you are using your hard-earned money to purchase a stock, there is only one reason. You expect the stock price to go up! + +It’s not a hard stretch to imagine that company insiders who are in high-ranking positions (CXO’s, VP’s, Presidents, etc.) would have a better understanding of the company and its expected future performance than any financial analysts out there who are just working with publically available data. So if these well-informed insiders are making significant stock purchases, does that mean they expect the stock price to shoot up soon? + +In this week’s analysis let’s put this to the test. **Can you beat the market if you follow the stock purchases made by company insiders?** + +[ ](https://preview.redd.it/61u5ws0wt8p71.png?width=1728&format=png&auto=webp&s=acafc0e339a1258616d0a5b1c9e23986993876a4) + +**Data** + +The data for this analysis was taken from **openinsider.com** + +it’s a free-to-use website that tracks all the trades reported on SEC Form 4 \[1\]. While there are a lot of transactions that are reported daily to the SEC, I kept the following conditions to reduce noise in the data. + +* Only transactions done by CXO’s, VP’s and Presidents (people who have a significant view of the company strategy and operations) are considered. +* A minimum transaction value of 100K +* The transaction should be purchase (Not a grant, gift, or purchase due to options expiration) + +The financial data used in the analysis is obtained from Yahoo Finance. + +[ ](https://preview.redd.it/el8r46gyt8p71.png?width=1728&format=png&auto=webp&s=6b586f60ddc46621e50579b9aa0133873b628c14) + +**Analysis** + +For all the transactions, I calculated the stock price change across different time periods (One Week, 1-Month, 3-Months, 6 Months & 1 Year) and then benchmarked the returns against S&P500 over the same time period. + +My hypothesis for choosing different time periods was to understand at what point would you generate the maximum alpha (if we realize any) over the benchmark. All the results are checked for outliers so that one or two stocks are not biasing the whole result. + +https://preview.redd.it/gly3uvhyt8p71.png?width=1728&format=png&auto=webp&s=e92e7f07ffefc2881ae1c885a241b38010c0fa64 + + **Results** + +[ ](https://preview.redd.it/8s8832y0u8p71.png?width=909&format=png&auto=webp&s=9ba7e1c8ce0873d8c7ceb3e2436f93fee03f1d62) + +Surprisingly, if you had followed the insider purchases, you would have beaten SPY across all 5 different timeframes. The alpha generated would also have increased with increasing timeframe with the insider purchase trades beating the S&P500 by a whopping 17.6% over the period of one year. + +I have kept 1-year timeframe as my limit mainly due to two reasons. First, I started the analysis for identifying short-term plays, and secondly, given our entire dataset is over the last 4 years, anything more than 1 year would not have data for a significant chunk of our population which can affect the analysis. + +[ ](https://preview.redd.it/wrg3zsy1u8p71.png?width=830&format=png&auto=webp&s=6616923c8cb041ca2bbe7c2cf7e24f645808f307) + +But the number of trades that made positive returns shows a different story. When compared to trading SPY, a lesser number of trades would have generated profits in the case of following insider purchases. The key here is that while the chances of your trading making a profit is lower, if it does end up making a profit, you would generally have had a better return than the market. + +[ ](https://preview.redd.it/csp7lsiyt8p71.png?width=1728&format=png&auto=webp&s=5fcfe00b2265ae1c36c2827fc81dd0313f0c932b) + +**Limitations to the Analysis** + +There are some limitations to the above analysis that you should be aware of before trying to replicate the trades. + +* The data I collected has a lot of small-cap companies which are inherently more risky than a large-cap index like S&P500. Given our returns are not risk-adjusted, the alpha we are seeing here might just be due to the higher risk you are taking on the trades \[2\] +* The analysis is limited to the last 4 years of data during which the markets were predominantly in a bull run (except the Covid-19 crash) +* Finally, this assumes that you will buy an equal amount of stock whenever a company insider does a trade which might not be practical given our inherent biases and apprehensions\[3\] + +[ ](https://preview.redd.it/0ta3ogjyt8p71.png?width=1728&format=png&auto=webp&s=ae19ba9725df0300364c775633f4ef6840ac1e6c) + +**Conclusion** + +Usually, insider purchases are used to gauge the overall market sentiment. A very high proportion of sells over buys signify that insiders are losing confidence in the stock/industry and it’s time to get out of that market. + +This analysis shows that the individual trades can be used for identifying stocks that are worth buying by analyzing the insider purchase patterns. This should be just considered as a primer into the topic as SEC Form 4 has a treasure trove of information \[4\]. + +You may or may not implement this strategy based on your investment style. But at the very least, you should check for the insider transaction pattern before investing in a particular security! + +Google Sheet containing all the data used for analysis: [Here](https://docs.google.com/spreadsheets/d/1Cxj5FDxbCikjuS4w14PXnm2QDwIxHGaJANPjjF-R6wA/edit?usp=sharing) + +Until next week… + +[ ](https://preview.redd.it/yszyuckyt8p71.png?width=1728&format=png&auto=webp&s=3e767b887b7597b91d2af438d97cda7783a276b0) + +**Footnotes and Existing Research** + +\[1\] SEC Form 4 is what an insider file when he/she makes a transaction. It’s expected to be filed within 2 days, but I observed more delay than that in many cases. For the purpose of this analysis, I have considered transactions that were reported no later than 10 days. + +\[2\] [Estimating the Returns to Insider Trading: A Performance-Evaluation Perspective](https://econpapers.repec.org/article/tprrestat/v_3a85_3ay_3a2003_3ai_3a2_3ap_3a453-471.htm) : The study published by Leslie A. Jeng and Richard Zeckhauser of Harvard found that insider purchases beat the market by 11.2% per year. Even after adjusting for the risk using the CAPM model, the returns beat the market by 8.5% + +\[3\] Very few people have the ability to keep their emotions away from the trades when a significant chunk of their money is at stake. + +\[4\] You can filter for the role of the insider (for eg, if you want to track only the CEO purchase/sales), industry, percentage ownership change, the current value of stock owned, etc. There are thousands of permutations in which you can do this analysis to find some alpha. + +\[5\] Multiple research papers over the last 3-4 decades \[[eg.1](https://jbepnet.com/journals/Vol_4_No_3_September_2017/5.pdf), [eg.2](https://www.insidermonkey.com/blog/the-insider-trading-anomaly-recent-academic-studies-591/)\] have shown that insider purchases significantly outperformed the market + +https://preview.redd.it/pq9pja0zt8p71.png?width=1728&format=png&auto=webp&s=3a659dd3772d00c2b943071960c474ae8d8d6a79 +So Fox Business pissed off popcorn apes with a blatantly false headline & quickly corrected it. Anyone else out there thinking that headline wasn't wrong, just too soon? + +I think they fucked up and that headline was planned to come out later. Its no secret belief that popcorn is likely a distraction & used to delay [MOASS](https://twitter.com/hashtag/MOASS?src=hashtag_click). It would not be surprising that once all popcorn insiders are rid of the shares they keep offloading, that they go private and leave shareholders fucked over. Fox just said the quite part out loud, or too soon. + +Its not the first time articles have been posted knowing the future before it happens (manipulation). They just don't usually give this much notice. + +https://preview.redd.it/y6zntcqcpjb81.png?width=529&format=png&auto=webp&s=cc63d90e9830030887b89786fe9d5cf7b942eee4 + +Edit: I'm seeing a few comments about how this is related to Gamestop. First off, we are in several of the same ETFs, so what happens to them effects our share price too. Secondly and most importantly, MSM is a common enemy and knowing what tricks and 'errors' they are using against another stock prepare us to know what's likely coming our way. Know thine enemy. +In reference to options: **If a person has the money AND experience, options are a great way to LOCK UP A LOT OF SHARES quickly.** Weeklies are stupid. **Playing options for the regular APE is stupid.** However, if you have the $$$ and experience, you can make a BIG dent in the float and then CHEAPLY DRS those shares as soon as they are delivered to you. I know a couple of APES who have been quite good at this. + +For those who don't believe options will do anything, just look at the options finishing ITM on 1/29/21. I'll make a strong guarantee that those options were why the buy button was shut off. SO MANY people were buying APE style options in the weeks running up to the shut off that that the sheer mass of movement that day would have wiped the earth's financial markets like a glacier... there would have been absolutely nothing left - and I mean nothing. MOASS in the hundreds of Millions a share due to the number of synthetic shares available. + +Since then they doubled down and doubled down again and again and things look MUCH worse for the financial markets... We are heading for a "Great Rebalancing" + +I am a firm believer that the "741" from RC means either: + +1. is the percent of the free float sold short. That puts the shorted total float at 464,607,000 + +2. a 7-4-1 stock split is coming in the form of an NFT Dividend. + +Either way... Hedgies are getting wedgies. So are the prime brokers, most governments, etc. + +All we have to to is BUY+HOLD=MOASS + +a way to speed up this process is BUY+HOLD+DRS=FASTERMOASS + +If you have the cash to burn AND experience OPTIONS+BUY+DRS=WAYFASTERMOASS + +Happy Thanksgiving Tards! + +TL DR + +Stay in your lane. If you don't have $$$ to burn and don't have the experience, ***don't play options***. If you know what you are doing AND have the cash, fuck the haters. +My stock portfolio is almost at 20k, my savings are looking great, but every time I see anything about crypto it makes me feel like an idiot, gains that are just insane like the most recent with shiba, someone’s account went from 13k to 5B in 400 days, now personally I think most coins are a pump and dump scam but the gains are making me feel stupid. How are you guys feeling about it? +Because the general stock market is arguably overvalued to at least some degree, I think it is more important to consider the downside risk at the moment. The reason I have rotated more into dividend and value stocks and ETFs is to be in a better position to protect the great gains I have made from growth and tech stocks the past ten years. + +I am not saying there is going to be a crash or a bear market in the next year or so (nobody can time these things), but I do think we are more likely to experience this compared to average market valuation conditions. If we do experience this, I think that the current free cash flow of a company will be very important, and dividend stocks generally have better free cash flow and valuations. I still think that growth is better over the very longterm, but I think that a lot of the growth names have run up too much in the past few years. And there are some great dividend companies out there that still have good growth prospects ahead of them, and are not that overpriced. +Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2,its a different story, I've been quite unlucky, ad after a series of trades I'm now down 9.6% and I've almost failed the challenge, I'm not sure how to get out of this but I might need some advice, do I carry on with my strategy and hopefully get 2 wins in a row or do I risk it all with one trade with Nas? Not sure what to do +I'm 28, I inherited some property from my family that is worth a little over $1 Million. How can I become financially independent from this windfall? + +I hate my job, I work in a restaurant. My parents are militantly middle class thinkers that think the only way to be happy is to work a job, earn active income be asset rich but cash poor, I quote my mother as saying, "The only time you are free is when you die". + +I want to make this $1 Million generate enough passive income from investments; I want to create a well diversified portfolio that protects that capital but also generating me passive income and I plan to move to some SE Asian country (Thailand?) to live in a low\-cost environment while letting my dividends reinvest itself for the years. + +How feasible is this? I hate my life and I hate to work. I hate my current lifestyle and I want to spend this freedom to become a healthier better me. + +I heard that I could withdraw 4&#37; ($40,000) per year for life? + +Any advice would be greatly appreciated. + +Here is a little bit more detail about my situation. + +I am a resident of Hong Kong, and we have no dividend or Capital gains tax, therefore\-\- taxes are not factored into the capital. + +Because I live in Hong Kong, air fares to SE Asian countries are quite cheap and my home base is not too far away in case anything goes wrong in these countries. + +So, approximately I'll have about 1.2 Million USD. What is the best investment advice you can give to generate a livable passive income from this but allowing the capital to increase (protected from inflation)? + + +# Sauce: [https://www.sec.gov/news/press-release/2022-186](https://www.sec.gov/news/press-release/2022-186) + +# SEC Reopens Comment Periods for Several Rulemaking Releases Due to Technological Error in Receiving Certain Comments + + **FOR IMMEDIATE RELEASE** +**2022-186** + +*Washington D.C., Oct. 7, 2022 —* + +The Securities and Exchange Commission today reopened the public comment periods for 11 Commission rulemaking releases and one request for comment due to a technological error that resulted in a number of public comments submitted through the Commission’s internet comment form not being received by the Commission. The majority of the affected comments were submitted in August 2022; however, the technological error is known to have occurred as early as June 2021. + +To ensure that interested persons, including any affected commenters, have the opportunity to comment on the affected releases or to resubmit comments, the Commission is reopening the comment periods for the affected releases until 14 days following publication of the reopening release in the Federal Register. + +**As further described in the reopening release, all commenters who submitted a public comment to one of the affected comment files through the internet comment form between June 2021 and August 2022 are advised to check the relevant comment file on SEC.gov to determine whether their comment was received and posted. If a comment has not been posted, commenters should resubmit that comment.** + +Commenters may submit a comment by following the instructions provided in the reopening release. + +The affected Commission releases are listed below. + +The technological error also may have affected certain comments with respect to self-regulatory organization matters listed in the reopening release. The Commission will evaluate any comments resubmitted with respect to these matters and consider whether further action is warranted. + +# Affected Releases: + +•             Reporting of Securities Loans, Release No. 34-93613 (Dec. 8, 2021) + +•             Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps; Prohibition against Undue Influence over Chief Compliance Officers; Position Reporting of Large Security-Based Swap Positions, Release No. 34-93784 (Feb. 4, 2022) + +•             Money Market Fund Reforms, Release No. IC-34441 (Feb. 8, 2022) + +•             Share Repurchase Disclosure Modernization, Release Nos. 34-93783, IC-34440 (Feb. 15, 2022) + +•             Short Position and Short Activity Reporting by Institutional Investment Managers, Release No. 34-94313 (Mar. 16, 2022); see also Notice of the Text of the Proposed Amendments to the National Market System Plan Governing the Consolidated Audit Trail for Purposes of Short Sale-Related Data Collection, Release No. 34-94314 (Mar. 16, 2022) + +•             Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, Release Nos. 33-11038, 34-94382, IC-34529 (Mar. 23, 2022) + +•             Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews, Release No. IA-5955 (Mar. 24, 2022) + +•             The Enhancement and Standardization of Climate-Related Disclosures for Investors Release Nos. 33-11042, 34-94478 (Apr. 11, 2022) + +•             Special Purpose Acquisition Companies, Shell Companies, and Projections, Release Nos. 33-11048, 34-94546, IC-34549 (May 13, 2022) + +•             Investment Company Names, Release Nos. 33-11067, 34-94981, IC-34593 (June 17, 2022) + +•             Enhanced Disclosures by Certain Investment Advisers and Investment Companies About Environmental, Social, and Governance Investment Practices, Release Nos. 33-11068, 34-94985, IA-6034, IC-34594 (June 17, 2022) + +•             Request for Comment on Certain Information Providers Acting as Investment Advisers, Release Nos. IA-6050, IC-34618 (June 22, 2022) + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +# INSTRUCTIONS FROM THE RELEASE: + +[https://www.sec.gov/rules/proposed/2022/33-11117.pdf](https://www.sec.gov/rules/proposed/2022/33-11117.pdf) + +Comments may be submitted by any of the following methods: + +Electronic comments: +• Use the Commission’s internet comment form (https://www.sec.gov/rules/submitcomments.htm). +• Send an email to [rule-comments@sec.gov](mailto:rule-comments@sec.gov). + + **Paper comments:** +• Send paper comments to Vanessa A. Countryman, Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090. Please include the file number for the specific action being commented upon. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method of submission. + +The Commission will post all comments on the Commission’s website (https://www.sec.gov/rules/proposed.shtml). +Comments are also available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street NE, Washington, DC 20549 on official business days between the hours of 10 a.m. and 3 p.m. Operating conditions may limit access to the Commission’s Public Reference Room. All comments received will be posted without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. + + +EDIT: YOU HAVE BEEN HERE BEFORE. CONSIDER YOURSELF EXPERIENCED. GET AT IT. + +https://www.reddit.com/r/Superstonk/comments/sm0zfh/its_your_time_to_be_heard_the_sec_is_requesting + + +[INEXCUSABLY EASY DIRECT LINKS](https://www.reddit.com/r/Superstonk/comments/xy7wwn/the_sec_lost_your_public_comments_press_release/irg2sxk?utm_medium=android_app&utm_source=share&context=3) +(Credit: u/magic-apple-butter) + + +MAJOR EDIT: + +SIGNIFICANT SRO COMMENTS WERE ALSO "LOST" + + +https://www.sec.gov/rules/sro/box.htm#SR-BOX-2022-08 + +https://www.sec.gov/rules/sro/cboebzx/cboebzxarchive/cboebzxarchive2021.htm#SR-CboeBZX-2021-083 + +https://www.sec.gov/rules/sro/finra.htm#SR-FINRA-2022-017 + +https://www.sec.gov/rules/sro/finra.htm#SR-FINRA-2022-024 + +https://www.sec.gov/rules/sro/memx/memxarchive/memxarchive2021.htm#SR-MEMX-2021-10 + +https://www.sec.gov/rules/sro/nysearca.htm#SR-NYSEARCA-2022-52 + +https://www.sec.gov/rules/sro/nysenat/nysenatarchive/nysenatarchive2021.htm#SR-NYSENAT-2021-19 + +https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-802 +Hello apes/retards. I'd like to propose a theory in regards to some of the data that's been floating around over the past few days. + +So far, we've seen [data published by FINRA](https://i.redd.it/b8aqf56cvds61.jpg) which describes total equity ownership ~192%. Many people have insinuated that this % is not accurate due to duplicates of the same entity. However, you can verify that some these entities are not the same, and represent transactions from parent>child or entirely separate positions held by affiliates. + +The one example I'd like to focus on is *BlackRock Fund Advisors*. Now, some people have conflated the position posted on FINRA as a duplicate of BlackRock Inc. But this is not the case. As you can see from [this report of GME ownership via BlackRock Inc](https://fintel.io/so/us/gme/blackrock), and a similar report of [BlackRock Fund Advisors GME ownership](https://fintel.io/so/us/gme/blackrock-fund-advisors), (courtesy of Fintel), both institutions, (albeit under the umbrella of BlackRock), manage or managed their own separate financial positions. + +One of the interesting details in the Fintel data is that sometime around the end of 2016, BlackRock Fund advisors stopped reporting its position in GME, and around the same time BlackRock Inc began reporting a position, likely due to a transfer of ownership from one affiliate to another, (child to parent in this case). Great, but why is this important? Well, if you check FINRAs [recent data once more](https://i.redd.it/b8aqf56cvds61.jpg), you'll notice that BlackRock Fund Advisors is listed once again, separate from BlackRock Inc, and with a **14 MILLION SHARE POSITION CHANGE**. + +Wait a second though... How can it be that BlackRock purchased 14 million shares, [but Terminal isn't reporting a similar change in ownership?](https://preview.redd.it/1ez3uzt48ns61.jpg?width=1920&format=pjpg&auto=webp&s=de5743966cdc272a627a06e39a88a9d0367685d2) Well, that's a great question of which I've been trying to figure out, but it's tough to determine because BlackRock Fund Advisors is basically re-entering the ring. I presume that Bloomberg Terminal data only displays static institutional ownership change, (either + or - 5% changes), via 13F filings. But if BlackRock Fund Advisors had not been registered as a subsidiary shareholder up until recently, and then all of a sudden within the span of a month decided to purchase 14 million shares from the open market, Terminal may not be picking up that data, (at least for the time being). + +So, BlackRock has been purchasing shares from the open market for the past month or so via a subsidiary that is not represented in Terminal. On top of that, most of those shares are probably synthetic. I'd like to also point out an important discrepancy here when it comes to share recalls. When you, (as a retail investor), purchase shares, you are purchasing shares from your broker. Your broker has either purchased shares in the past, or they are purchasing shares from the open market in order to meet the increased demand of their customers. In the big picture, when you recall, you're most likely not recalling shares which were lent out or of which are considered synthetic, (unless you're on a margin account, or other situations of which I don't want to delve into). Now, when an institution purchases shares, they are not purchasing from a broker like Fidelity, they are purchasing direct from the market, or at least via a broker purchasing direct from the market. This means that institutions that are long most likely hold an abnormal % of synthetic shares. + +Okay, so what does this all mean? Well... If BlackRock has a subsidiary purchasing shares, and most of those shares are synthetic, what happens when BlackRock decides to recall their shares? What if BlackRock Fund Advisors not only purchased shares within this span of time, but also lent out those shares, and said shares were synthesized multiple times over? What if BlackRock Inc was doing the same, (not purchasing more shares as their position hasn't changed, but lending shares out)? + +Additionally, what if there's a shareholder annual meeting in June of this year, and the deadline to recall those shares is within the next 8 days? What if BlackRock has a hard-on for Ryan Cohen, and they're ready to ultra fuck Citadel? If they wanted to, they could **HYPER FUCK SHITADEL SO HARD THEY WOULD BE DELETED FROM EXISTENCE**. + +TLDR: BlackRock has a subsidiary that purchased an ungodly # of synthetic shares, and they're positioned to fuck Shitadel so hard that they will be put into the history books. + +P.S. Please Please Please critique my semi-DD and poke holes, because we as a community need to get every detail right, and we need to be as confident as possible in our research. As always, 💎✊, and be ready to join hands together when this rocket launches to Alpha Centauri! + +Edit: Adding the *this is not financial advice* disclaimer because blah blah don't come after me +*not financial advice* + +*For people saying that there was a reverse split and that is not a good exemple. Can you provide your source stating this happening in august 2020? The only reverse split I see was in 2018 and thus is irrelevant. The price which shoot from $125 to $25'000 is still a "true price"* + +I saw this post saying the fact: + +* [https://www.reddit.com/r/Superstonk/comments/mu68w9/recent\_example\_of\_the\_potential\_we\_have\_here/](https://www.reddit.com/r/Superstonk/comments/mu68w9/recent_example_of_the_potential_we_have_here/) Credit to u/prophetprofiteer + +Why the hell the post above didn't moon? Here's three articles explaining about DGAZF's short squeeze: + +* [https://www.shortsight.com/dgazf-etn-short-sellers-down-2-billion/](https://www.shortsight.com/dgazf-etn-short-sellers-down-2-billion/) +* [https://www.etftrends.com/leveraged-inverse-channel/dgazf-weaponized-indifference/](https://www.etftrends.com/leveraged-inverse-channel/dgazf-weaponized-indifference/) +* [https://www.thestreet.com/etffocus/market-intelligence/why-did-dgazf-go-from-400-to-24000-in-just-a-few-days](https://www.thestreet.com/etffocus/market-intelligence/why-did-dgazf-go-from-400-to-24000-in-just-a-few-days) thanks u/ap3fish + +In the second article, you can also see that one of the holders was shitadel advisors LLC... credit to u/Alternative_Court542 + +**TLDR:** the ETN stock had a 45% short interest and 140'000 shares shorted (only that amount? strange isn't it? Some wrinkly ape to check all this please?). So it went from $400 to $25,000. Do I need to remind you what situation is GME in? Spoiler: Much much much more shorted lol. + +Edit2: YES I FOUND A **CHART** ABOUT THE SQUEEZE + +* [https://www.investing.com/etfs/velocityshares-3x-inv.-natural-gas-chart](https://www.investing.com/etfs/velocityshares-3x-inv.-natural-gas-chart) + +1. It seems that there was no dip during the squeeze but I could only take a look with a 45 minutes scale. + +* **5 minutes scale**! Thank you u/majordanage Indead, there is one little dip before $25'000 that you could avoid by looking at the stoch RSI which was **still** being near 80. + +https://preview.redd.it/ib6asgfbliu61.jpg?width=1024&format=pjpg&auto=webp&s=d6d02be5c11913f77eb9bfb30db7f0b4513b680a + +Edit4: Yes of course not every share sold for $25'000 sadly, so you juste have to hold even more. Only a few will get the max share's price... It is those who have diamond hands surely + +Edit5: u/BeansMostly said something very interesting about the float. Take a look at the quote just below. Of course don't forget that we may own many many times the float which would ease the problem of having 70 millions shares instead of the 300k shares of DGAFZ. + +>*There are 140k shares shorted in the ETN* +> +>Which according to the table in the article is \~46% of the float. +> +>So there were \~300k shares total in the float. +> +>It is much easier to control 300k shares than it is to control 70m. The number of players would be much smaller and encouraging continued holding would be much easier. +> +>This *does* show that it's possible though. +> +>Of course, it later states it had an average daily volume of only 8k shares. Their time to cover would have been astronomical compared to GME. +> +>It is important to recognize the things that make a scenario not work. That's how science gets done. +> +>That being said: look at that, a 25k squeeze. Nice. +> +>Edit: this is all based on the first non-reddit link in your post + +Edit3: I don't know if it is illegal to ask this but can you also upvote the crosspost on r/GME ? It would be cool if everyone get to see this... + +* [https://www.reddit.com/r/GME/comments/mv1nwg/this\_is\_an\_exemple\_of\_a\_short\_squeeze\_dgazf/](https://www.reddit.com/r/GME/comments/mv1nwg/this_is_an_exemple_of_a_short_squeeze_dgazf/) +TLDR: 200k to invest. 401k+IRA Maxed. Dividend Portfolio for Supplementing Income. + +Hello Reddit! Long time lurker, rarely post. +I turn to reddit for some suggestions. I am 36, married. Moving areas and sold our home - we are building at a new location. We have 1 year living expenses saved, down payment money for new house, cars are paid off. No carry forward high interest credit card debt. 401k and IRA's contributed to. These accounts are ETF / Mutual funds / Growth oriented and reinvested etc. + +I currently have 35k in a Taxable Brokerage account that is focused on higher paying Dividend stocks, The goal of this account is to grow and hopefully supplement and then replace a large portion of our income. + +We have 200k allocated for investments. I was thinking of allocating large portions into the following investments. + +Heavily weighted in - QYLD NUSI RYLD JEPI +With other investments into DOW VZ T MO PPL EPD Some REITS - O AGNC IRM + +Looking for any other suggestions or ideas on investment types / weightings etc. Thank you +As far as i recall from Wes Christian GameStop should now have enough to actively sue, as the price manipulation directly lead to them getting less money from the ATM offering. + +Although that's surely gonna take a while, it could be another nail in Citadel's coffin. If the price is suppressed by conservative 50% the damage from the ATM would be 1.2bln alone. + +Change my mind. +*This post is for educational purposes only. Do your own research and make your own decisions before acting on them. Just because this information is correct now, doesn’t mean it will be correct every other day. HFs have a lot of tricks. No one knows what will come next...* + +**EDIT10 (6/21): It is more clear to me now that ETF FTD's do not behave the same as the GME FTDs that I use as examples. The ETF FTDs are a work in progress. The ETF FTDs should be weighted as well. If you find a pattern in the ETF FTDs, I'm open to hearing it!** + +\-------------------------------------------------------------------------------------- + +**TL;DR:** + +* **Every spike that is seen can be traced back to T+35.** +* **I show 1 min spikes to back this claim up** +* **I provide a guide on how to setup this data yourself.** + +# Preface + +Almost 2 weeks ago, I posted some DD about T+35. + +[T+21 is NOT actually a thing! \[Counter DD\]](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/) + +I claim that T+35 is the only T+X that is important, and other T+X “cycles” are actually just from T+35. This concept goes against the general consensus, so as expected... I got mixed reviews. Since then I have seen a different T+X, T+Y, T+Z theory every day, but there is always a catch or some sort of guessing applied. Or the cycle is T+21 one month, but T+19 the other month. As you may imagine, this has gotten frustrating for me. There is no shade being thrown at other DD writers. I just want everyone to realize how simple this is so we can all be on the same page. + +&#x200B; + +**My T+35 theory doesn’t have guess work. It works every time and it’s based on free data that anyone can get.** In this post, I will show you how. (I know this is starting to sound like an infomercial, but stick with me) + +# Where my T+35 theory comes from... + +**Reg SHO Rule 204** ([https://www.law.cornell.edu/cfr/text/17/242.204](https://www.law.cornell.edu/cfr/text/17/242.204)) states HFs need to cover their FTDs “before regular trading hours on the 35th day after the FTD date”. My T+35 theory shows they wait until the last possible day to cover, so the 34th day after the FTD date (this is why our third column formula was “=A1 + **34**”). If the 34th day lands on a weekend or holiday, bump it forward to the next business day. + +Reg SHO states that you cannot short a stock if you have FTDs open. Once the FTDs get covered on that day, GME’s price will not return to that point. + +That’s it. That’s all you need. + +&#x200B; + +**It’s as simple as…** + +1. Get the FTD data +2. Count 34 calendar days (FTDs need to be covered BEFORE the 35th day) +3. Those FTDs will be bought all at once on that trading day. + +&#x200B; + +# Oh, you want to see an example? + +Okay, sure. + +I have picked out days from April because the FTDs are large and the volume was small. It is very easy to pick them out. + +How about… **April 21**. 32,220 FTDs need to be covered. The day’s volume was low, but there was a 1m volume spike at 12:23 EST of 39,000. GME’s price never came back afterward. + +&#x200B; + +https://preview.redd.it/c82wf7csqm571.png?width=451&format=png&auto=webp&s=ca4a553ffb37e4eb7ef574f3bdd7efc21bbcd413 + +https://preview.redd.it/stvi493tqm571.png?width=760&format=png&auto=webp&s=c63c88a3ef43b64a79c124bf49fc0aaff0057ec9 + +**April 19**. 140,554 FTDs need to be covered. GME was rising quite fast on it’s own. Remember, they can’t short a stock when they have FTDs that need to be covered. So at 10:25 EST, There was a big jump in volume up to 160k and then the price dropped for the rest of the day. + +&#x200B; + +https://preview.redd.it/lb5q8rbvqm571.png?width=449&format=png&auto=webp&s=6fa055c19c2cf90d9cd6c8bddd1c201c5d5d1543 + +https://preview.redd.it/px47llyvqm571.png?width=805&format=png&auto=webp&s=e344df65f5219edef1d3f7708357a728c5793130 + +You see? It's that easy! + +&#x200B; + +# Meh... this seems like a coincidence + +Okay, fine... I'll keep going. + +&#x200B; + +**April 16** \- 46,344 FTDs + +https://preview.redd.it/cmrtpjd1rm571.png?width=449&format=png&auto=webp&s=feaf916cbd63dffe35c043ca34ffeebfb81ee19d + +https://preview.redd.it/3f8jcft1rm571.png?width=805&format=png&auto=webp&s=89bad926ace29cb36dfb23cfed018e78e642e653 + +&#x200B; + +**April 15** \- 155,658 FTDs + +https://preview.redd.it/n75at1i4rm571.png?width=448&format=png&auto=webp&s=5b314710aa16ba499713776eccf36306c5826688 + +https://preview.redd.it/rjz3cpw4rm571.png?width=758&format=png&auto=webp&s=a027c39558f072760bb8c02bc2601580da764abc + +&#x200B; + +**April 1** \- Two days needed to be covered this day because 4/4 was a weekend. At 1:25, there was an 83k volume spike followed by a couple 100k-150k volume candles. + +https://preview.redd.it/dtcgi377rm571.png?width=449&format=png&auto=webp&s=04879f53d128e51679420c3c9acd23be166d06dc + +https://preview.redd.it/hjktf658rm571.png?width=763&format=png&auto=webp&s=eb96ccede1210db6c24950eeb0f689db122b6f99 + +&#x200B; + +**April 30** \- 86,859 FTDs. This one got split between two minutes on my chart. The average 1m volume was between 30k-40k shares. And then there are two 70k-80k volume candles at 9:50-9:51 am. + +https://preview.redd.it/vezj8zkarm571.png?width=453&format=png&auto=webp&s=06957bcdbaeeaa47ba59f34382e1811182c2b07a + +https://preview.redd.it/fb1lqpyarm571.png?width=855&format=png&auto=webp&s=238276a529cc1e48c34e06e58e9bce7b3a817843 + +I can keep going. These are the easy ones to spot *just* in April. + +# So what about ETF FTDs? + +Days with large ETF FTDs also see spikes like this. But it doesn’t convert well enough to show. For instance, 1.9 million ETF FTDs might convert to a 120,000 share GME spike. If someone wants to continue this research and find a way to convert the ETF FTD count into GME shares, go ahead. + +# Why do some days lead to large gains and some days drop immediately after the FTD cover? + +I wrote about that in my last DD: + +[SLD DD \[A predictable monthly pinch on capital leading to GME gains\]](https://www.reddit.com/r/Superstonk/comments/nz7mwl/sld_dd_a_predictable_monthly_pinch_on_capital/) + +&#x200B; + +But here’s what you need to know if you can’t read two DDs in a row: + +* There is a period that **starts on Wednesday** before monthly options expiration and **extends to 9 days after** monthly options expiration where the 30 largest financial companies need to **make large deposits** to the NSCC. +* During those days, they have **less money** and need to be careful not to spend more or they will get **liquidity called**. +* Meaning T+35’s with large FTD days that fall in the SLD period will increase GME’s price a lot more than large FTD days that fall out of the SLD period. **Once the price of GME rises within the SLD period, it does not come back down** until 2 days before the end of SLD. + +&#x200B; + +I even mapped out the SLD periods: + +https://preview.redd.it/ys4ovwzurm571.png?width=1246&format=png&auto=webp&s=16a4fcd208abfca25a479f87f5f54fc590b2af06 + +&#x200B; + +March 5-10 is the biggest spike outside of SLD. Those can be associated with ETF FTDs. + +&#x200B; + +https://preview.redd.it/enpanyhxrm571.png?width=448&format=png&auto=webp&s=3c9b8bb8bb070fe3283ecdb7874e7e94eb283339 + +# How do I see this for myself? + +Download the FTD data from the SEC: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) and pull out every line with GME and every line of the ETFs GME are in. But that’s a lot of work. Luckily, a lovely ape by the name of u/nequin made a website to do this all for you. + +&#x200B; + +Get the FTD data: + +1. Go to [https://failedtodeliver.com/?symbols=GME](https://failedtodeliver.com/?symbols=GME) +2. Make a spreadsheet. + 1. Column A is the FTD date. + 2. Column B is “=A1+34” and fill down. + 3. Column C is the number of GME FTDs + 4. Column D is the number of ETF FTDs + +&#x200B; + +**ETFs with GME** + +[https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU](https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU) + +&#x200B; + +EDIT 7: I posted my dataset for the people who want to compare. [https://www.reddit.com/user/dentisttft/comments/o1k5s4/t35\_dataset/](https://www.reddit.com/user/dentisttft/comments/o1k5s4/t35_dataset/) + +&#x200B; + +EDIT 9: There were some issues brought up in the data. But they shouldn't be issues. Trust the files or [failedtodeliver.com](https://failedtodeliver.com), they are the same. + +**~~EDIT 6: IT HAS BEEN BROUGHT TO MY ATTENTION THAT THE WEBSITE IS OFF BY ONE DAY STARTING IN APRIL. PROBABLY BECAUSE OF THE HOLIDAY. I HAVE TAGGED THE PERSON WHO CREATED IT. SO MAKE SURE YOU DOUBLE CHECK SOME DAYS WITH THE FILES UNTIL ITS FIXED.~~** + +**~~EDIT 8: APPARENTLY THE WEBSITE USES THE FILES, SO EDIT 6 IS NOT COMPLETELY CORRECT. THERE IS A DISCREPENCY BETWEEN THE FILES/FAILEDTODELIVER.COM AND THE SEC'S FTD GRAPH.~~** [**~~https://sec.report/fails.php?tc=gme~~**](https://sec.report/fails.php?tc=gme) + +**~~THE FILES SKIP APRIL 21 (WHICH IN MY OPINION MEANS ZERO) AND HAVE APRIL 30, THE GRAPH WEBSITE HAS APRIL 21 AND SKIPS APRIL 30. SO I THINK THE GRAPH WEBSITE MIGHT BE INCORRECT.~~** + +&#x200B; + +Important Notes: + +* Column A is the settlement date when the share officially becomes an FTD. +* Column B is the last possible day to cover the FTD + +&#x200B; + +Your spreadsheet looks like this… + +https://preview.redd.it/ox473wz4sm571.png?width=451&format=png&auto=webp&s=0efc2bda56da1c16e3ab3ea4887db568cdbf43b8 + +# Now what? + +1. Google search “what is today’s date” +2. Find that date in column 2 (the +34 day) +3. Follow this flow chart. + +https://preview.redd.it/4ag11hd7sm571.png?width=292&format=png&auto=webp&s=7fc674526dbcd541c60490e9661581559fadade3 + +In my experience, a “large number of FTDs” is 70,000+ for GME FTDs or 1-1.5 million FTDs for ETFs. + +Again, this is not guaranteed. This is just based on patterns I’ve seen. There are plenty of tricks that probably have not been shown. Don’t do something stupid based on this data, its for education purposes only. + +# Should my tits be jacked!? + +Here's the new data for this next week... Use your new knowledge from this post and you decide! + +[EDIT5: Fixed the hightlighted section. Accidentally had June 15th in there when it shouldn't be.](https://preview.redd.it/6a5dvr1jxn571.png?width=597&format=png&auto=webp&s=cc76d854e680a88d218b11774b70e0b805276687) + +&#x200B; + +# FAQ + +**New FTD data just came out yesterday. So what about June?** + +The ETF FTDs are quite large for the next 5-7 trading days. Combine that with SLD starting on June 16 ~~17~~, things look good. + +EDIT5: Accidentally had the wrong date typed here and the wrong dates highlighted in the photo. + +&#x200B; + +**Why do the last two days of SLD not behave the same as the other days?** + +Not sure. My guess is that HFs have 2 days to pay a liquidity call. So there’s no point in liquidity calling them when they are about to get their money back. It also usually is at the end of the week when option premiums get extremely high, less calls are bought, and gamma ramp slows down. + +&#x200B; + +**How long does it take before GME/ETFs show up as FTDs?** + +They become FTDs when the trade settles. So for GME FTDs, its T+2. For ETF’s, its T+6. (shoutout to u/karasuuchiha for pointing out the ETF settlement time to me) + +&#x200B; + +**What causes GME FTDs?** + +This is where the idea of “cycles” comes from. When FTDs fall in SLD and GME spikes, it creates a lot of ITM call options. When those call options are exercised on Friday, they become FTDs upon settling (T+2 settlement). *Note: Buying and selling option contracts settle in T+1, but exercising contracts is T+2*. This causes a lot of new FTDs that need to be covered in 34 more days. **Thus creating an obsession with “cycles” and why other “T+X cycle” theories fall short.** It’s literally just ITM options from the last SLD + FTD spike price increase will create new FTDs on Tuesday (or Wednesday with a holiday). + +&#x200B; + +**What causes ETF FTDs?** + +SSR!!! Remember all those days when SSR didn’t stop GME from going down? It’s because GME is shorted through the ETFs causing ETF FTDs 6 days later when they settle. It did something, it’s just not immediately seen. + +&#x200B; + +**I’m still not buying it. There are definitely spikes every 21 days!** + +Well, I tried. Erase what you know about T+21 cycles and try to understand and apply this post. And maybe you will eventually see what I see. + +&#x200B; + +**What about Net Capital?** + +I don’t know. I avoid FINRA things because in the end… it’s just FINRA. This is based off of NSCC rules. I’ve found enough correlation in only using FTDs and SLD that I didn’t think I needed to look into Net Capital too much. They could definitely both be happening, but in the end, I don’t think it’s too important. I’m open to someone changing my mind on this if you can show me the data (not the rules) to support that Net Capital has more correlation than SLD. + +&#x200B; + +**What else should I know?** + +Rule 204 says the 35 day exception applies when you have a long position on the stock. If they’re shorting, how do they get to say they have a long position? I have a theory, but nothing concrete. + +&#x200B; + +**TL;DR:** The TL;DR is at the top of the post you sweet, tender, smooth-brained ape. + +&#x200B; + +Now that I have more eyes on my posts, I’m hoping this theory sticks better than the first time. In my opinion, getting distracted on other types of cycles is diluting focus. + +&#x200B; + +pce\~\~